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Polygon Labs and DELV respond to FinCEN’s NPRM on CVC mixing
24.1.2024
Polygon Labs and DELV, formerly called Element Finance, have responded to FinCEN’s proposed rule on CVC Mixing. Polygon released an official document that outlined the entire response. The document showed the concerns of both parties regarding FinCEN’s aim of regulating CVC (Convertible Virtual...
Kaspersky Labs Uncovers MacOS Malware Targeting Bitcoin and Exodus Wallets
23.1.2024
Cybersecurity firm Kaspersky Labs has uncovered a new strain of malware specifically designed to target macOS users and their Bitcoin and Exodus wallets. The company said in a press release on Monday that the malware is distributed through pirated software and replaces legitimate wallet...
Ripple Asks Judge to Deny SEC’s New Discovery Requests Concerning XRP
23.1.2024
Ripple Labs has opposed the requests by the U.S. Securities and Exchange Commission (SEC) for post-compliant discovery concerning XRP. Ripple argued that the regulator’s requests are “untimely” and “the SEC has failed to justify each of its requests on...
Terraform Labs Files for Bankruptcy in US Amid SEC Lawsuit
22.1.2024
Terraform Labs has filed for Chapter 11 bankruptcy in the U.S. amid ongoing litigation with the U.S. Securities and Exchange Commission (SEC). The company stated in its bankruptcy filing that “funds will be available for distribution to unsecured creditors.” Meanwhile, Terraform Labs...
Terraform Labs declares bankruptcy under Chapter 11
22.1.2024
A US federal judge recently stayed the proceedings in the case against Terraform Labs and its founder, Do Kwon. Nevertheless, the organization is presently seeking constitutional protection via Chapter 11. This can be attributed to the company’s assertion that it possesses assets...
Do Kwon’s Terraform Labs Files for Bankruptcy Protection in US
22.1.2024
Terraform Labs, the issuer of the collapsed stablecoin TerraUSD (UST), has filed for Chapter 11 bankruptcy protection in the United States. The filing by Terraform Labs was officially submitted to the U.S. Bankruptcy Court for the District of Delaware. This action marks a significant legal step...
Terraform Labs Declares Bankruptcy in Delaware
22.1.2024
Terraform Labs recently lost a case when a U.S. judge ruled that LUNA and MIR are securities, and is currently facing a class action lawsuit in Singapore
LBank Labs Announces Incubation Fund Investment in AMBBi
21.1.2024
PRESS RELEASE. LBank Labs has established a dedicated Incubation Fund for Inscription Projects, and AMBBi, an innovative dual-asset project on the Bitcoin blockchain, is the first to be inducted into this groundbreaking initiative. This investment not only highlights LBank Labs’ vision...
NuggetRush Gains Momentum in P2E Arena; Decentraland (MANA) and GALA Investors Show Interest
20.1.2024
TLDR Decentraland (MANA) has disappointed investors with its December fall. Gala holders expect a market boost following the network’s partnership with DWF Labs. NuggetRush (NUGX) is gearing up for round five of its presale after selling 159 million tokens. Decentraland (MANA) has fallen below...
Ripple Under SEC Scrutiny; Sparking Investor Interest in Solana & Borroe Finance
20.1.2024
Ripple Labs is under the SEC’s microscope, and this has got investors buzzing about alternatives, especially Solana and Borroe Finance ($ROE). Let’s dive into the details. >>BUY $ROE TOKENS NOW<< Ripple’s Rocky Waters with the SEC Ripple’s been making headlines, but not in the...
Do Kwon Should be Extradited to South Korea, not United States, Lawyer Argues
19.1.2024
Do Kwon’s lawyer has argued that Terraform Labs’ co-founder should be extradited to South Korea and not the United States. The statement comes as a response to extradition requests from both countries, with Kwon currently in detention in Montenegro. Goran Rodic, Kwon’s Montenegrin...
Solana Mobile Announces Saga Succesor: Chapter 2
18.1.2024
Solana Mobile, a subsidiary of Solana Labs, has announced the release of a new phone named Chapter 2. The new phone, whose technical specs have not been announced yet, is projected to be a lower-cost alternative to its Saga sibling, priced at $1,000 on its release date. Solana Mobile Opens...
Protocol Village: Matter Labs, iCandy Plan New 'Hyperchain'
18.1.2024
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Jan. 18-24
Polygon Labs chosen to join the Tokenized Asset Coalition
18.1.2024
Polygon Labs is pleased to announce its membership in the Tokenized Asset Coalition (TAC). Polygon Labs was among the sixteen new members accepted by the TAC from a pool of over 300 applicants. Polygon Labs will be one of sixteen members who plan to move more than $1 trillion in assets on-chain....
Terra Luna Classic Price Prediction as Former CEO Do Kwon Trial is Pushed Back – What’s Going On?
17.1.2024
The Terra Luna Classic price has dropped by 1.5% in the past 24 hours, slipping to $0.000123 after a US federal judge delayed the SEC’s trial against Terraform Labs founder Do Kwon. LUNC is now up by 3% in the past week, yet remains down by 16.5% in the last 30 days and by a […]
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Web3 Music Startup TRAX Raises $2.9M in Decentralized Funding Round + More Crypto News
16.1.2024
Source: AdobeStock / Prostock-studio Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In this edition: TRAX Crypto News: $2.9M Raised in Decentralized Funding Round KuCoin Labs Partners with ETGM...
SEC Agrees to Postpone Terraform Labs Trial Pending Do Kwon’s Extradition
16.1.2024
The U.S. Securities and Exchange Commission (SEC) has filed in agreement with Terraform Labs to postpone the civil trial against Do Kwon and his former company, amid ongoing extradition proceedings. According to Reuters, in its recent court filing in Manhattan federal court, the SEC has requested...
Terraform Labs Co-founder Do Kwon Appeals Extradition Decision Amid Claims of Political Pressure
15.1.2024
Do Kwon, co-founder of Terraform Labs, has once again appealed the Montenegro High Court’s decision to uphold extradition requests from the U.S. and South Korea. His legal team argues that the recent decision by the Montenegro High Court violates legal provisions, the European Convention...
Do Kwon Appeals New Montenegro High Court Decision Upholding Extradition Requests, Lawyer Says
15.1.2024
Local courts may be facing political pressure regarding Kwon's extradition to the U.S. or South Korea, his lawyer Goran Rodic told CoinDesk
Terra’s Do Kwon Seeks Trial Delay, Citing Extradition Holdup
14.1.2024
Terraform Labs co-founder Do Kwon has requested that the judge in his fraud case delay the trial date, currently set for Jan. 29, 2024, because Kwon is still tied up in extradition proceedings in Montenegro. Terra’s Do Kwon Requests Trial Postponement Due to Extradition Issues In a letter...