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MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns
11.3.2024
BA Labs submits an emergency rate adjustment proposal in the MakerDAO forum to raise fees, aiming to stabilize DAI against market turbulence and shrinking reserves.
The post MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns appeared first on Cryptonews
US Continues Efforts to Extradite Terra Founder Do Kwon
8.3.2024
Despite Montenegro’s High Court ruling for Do Kwon’s extradition to South Korea, the U.S. is not backing down. “The United States continues to seek Kwon’s extradition in accordance with relevant international and bilateral agreements and Montenegrin law,” the Justice...
Stablecoin Project Ethena Labs Bags $4M for USDe Treasury
8.3.2024
The stablecoin earns yield by shorting ether futures and capturing funding rates - which have surged in the past two weeks
High Court Shifts Extradition Route for Terraform Labs’ Do Kwon to South Korea
7.3.2024
In a recent legal twist, the High Court in Podgorica has ruled in favor of extraditing Terraform Labs co-founder Do Kwon to South Korea. This decision comes after the Montenegro Appeals Court overturned a previous ruling that favored his extradition to the United States, marking a pivotal moment...
South Korea Seeks Interpol’s Aid to Extradite Terraform Labs Co-Founder
7.3.2024
South Korea's National Police Agency has officially requested assistance from the International Criminal Police Organization (Interpol) in bringing back Kwon Do-hyeong, the co-founder of Terraform Labs, to South Korea.
The post South Korea Seeks Interpol’s Aid to Extradite Terraform Labs...
LBank Labs Invests in Versatus to Revolutionize Web3 Development
7.3.2024
PRESS RELEASE. LBank Labs, a prominent blockchain venture fund, has invested in Versatus, the Universal dApp Engine, to address one of the most critical roadblocks in realizing Web3’s immense promise – the developer shortage. Despite over 27 million developers worldwide, less than 0.1%...
French Cryptography Startup Zama Raises $73M for Blockchain, AI Privacy Apps
7.3.2024
French cryptography startup Zama has raised $73 million in a Series A funding round led by Multicoin Capital, Protocol Labs and participation from well-known crypto players such as Polkadot co-founder Gavin Wood, and Solana co-founder Anatoly Yakovenko.
The post French Cryptography Startup Zama...
Ethereum Fees Set to Drop for Arbitrum, Polygon, Starknet, Base. But How Much?
6.3.2024
Leading figures behind layer-2 teams told CoinDesk how Ethereum's upcoming Dencun upgrade will affect their networks
Polygon Lands First User of New 'AggLayer,' Inking Deal With Astar Network
6.3.2024
By plugging into the AggLayer, Astar users will have access to the liquidity in the Polygon ecosystem, allowing cross-chain transactions between Astar and Polygon zkEVM, making the experience feel like a single chain
Montenegro Court Halts Extradition of Terra’s Do Kwon to the US
5.3.2024
In a pivotal legal reversal, Montenegro’s Court of Appeals has annulled the extradition of Terraform Labs co-founder Do Kwon to the United States, siding with his defense’s appeal and invalidating a prior High Court ruling from Feb. 20. Montenegro’s Appeal Court Blocks...
Terraform Labs Pushes Back Against SEC Over Special Counsel Payment
5.3.2024
Crypto firm Terraform Labs has filed a lawsuit against the US Securities and Exchange Commission. The suit addresses the recent objection from the regulator over a $166M retainer paid to special litigation counsel Dentons. The SEC’s argument lies in the fact that the crypto firm’s lavish spending...
Terra’s Do Kwon Wins Extradition Appeal in Montenegro, Avoids U.S. Charges
5.3.2024
Do Kwon, the founder of Terraform Labs, has received a legal reprieve as a Montenegro court overturned a previous ruling for his extradition to the U.S.
The post Terra’s Do Kwon Wins Extradition Appeal in Montenegro, Avoids U.S. Charges appeared first on Cryptonews
DWF Labs Invests $10M in TokenFi for AI-Push, TOKEN Crosses All-Time High
5.3.2024
The purchase will be done over a two-year period, developers told CoinDesk
Yuga Labs tests its Bored Apes-themed Otherside Metaverse
4.3.2024
Yuga Labs begins testing its Bored Apes-themed Otherside Metaverse, designed for players to choose their own fun, in the sense that players must regulate their own exposures. This was done to the advantage of a few NFT owners. A variety of responses were received from the users. The product...
What's at the Intersection of Crypto and AI? Perhaps Murder
1.3.2024
You’ll Need To Spend $70k To Enter This Digital Bathroom And Twerk
1.3.2024
A large metaverse project created by the company behind the Bored Apes Yacht Club NFT project held a recent series of beta sessions for individuals who owned certain NFTs. While the developers claim this is just the beginning, it’s not looking promising considering how much money is involved. Read...
LBank Labs Invests in QED: Unleashing Bitcoin’s Full Potential with Zero-Knowledge Proofs
1.3.2024
PRESS RELEASE. LBank Labs has achieved a new milestone by participating in the $3 million funding round for QED. This innovative venture is poised to revolutionize the Bitcoin ecosystem with its groundbreaking zk-Native blockchain protocol. The funding round, spearheaded by Arrington Capital,...
Terraform Labs Founder Do Kwon Faces Extradition Delay in Montenegro Amid SEC Fraud Allegations
1.3.2024
Do Kwon, the embattled former CEO of Terraform Labs, is currently stranded in Montenegro due to extradition delays, following accusations by the U.S. Securities and Exchange Commission (SEC) of conducting a massive fraudulent crypto scheme. Last year, the SEC charged that from April 2018 to...
SEC Flags Terraform Labs’ $166 Million Payment to Lawyers – What’s Going On?
29.2.2024
The United States Securities and Exchange Commission (SEC) has flagged Terraform Labs $166 million in payments to Denton since 2023.
The post SEC Flags Terraform Labs’ $166 Million Payment to Lawyers – What’s Going On? appeared first on Cryptonews
SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters
29.2.2024
The U.S. Securities and Exchange Commission (SEC) has raised objections to a $166 million retainer payment to lawyers of Terraform, according to Reuters