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Terraform Labs Says Bankruptcy Protection Would Allow it Appeal against SEC’s Securities Fraud Lawsuit
31.1.2024
Terraform Labs has said that its Chapter 11 bankruptcy protection filing would enable the pursuit of an appeal against the US Securities and Exchange Commission’s (SEC) securities fraud lawsuit. In a recent filing, Terraform Labs CEO Chris Amani emphasized the importance of bankruptcy...
Exclusive: Anza Co-Founder Responds to Solana Centralization Concerns
30.1.2024
The Solana blockchain crew has moved some team members from one of its divisions to a new entity called Anza. Anza co-founder Jeff Washington, a former engineer at Solana Labs, announced this move on Tuesday, revealing the team’s focus on improving the performance of a Solana Labs validator...
How To Stop Criminals From Exploiting DeFi, According To Polygon Labs
29.1.2024
Polygon Labs – the main developers behind the blockchain scaling network Polygon – published a research paper on Monday explaining how the government should go about regulating the DeFi industry. From the Treasury Department to the U.S. Senate, politicians have been loudly criticizing crypto’s...
Binance Labs Claims to Be ‘Unaware’ of Leading $15M SkyArk Chronicles Fundraise
29.1.2024
Image Source: Shutterstock Binance Labs has refuted claims of its involvement in the latest investment round of SkyArk Chronicles’ gaming platform. The venture capital arm of the Binance crypto exchange issued a statement on Monday, clarifying that it did not partake in SkyArk...
Darewise Entertainment and DFZ Labs partner to boost Web3 gaming
29.1.2024
Darewise Entertainment, a subsidiary of Animoca Brands, and DFZ Labs have formed a collaborative alliance to enhance their mutual support in the realm of Web3. Together, the strengths of these two organizations will be combined so that they may gain knowledge and contribute to the development...
Animoca Brands’ Darewise Entertainment, Creator of Life Beyond, Announces Strategic Partnership With DFZ Labs, Creator of Deadfellaz
28.1.2024
PRESS RELEASE. Darewise Entertainment (“Darewise”), a subsidiary of Animoca Brands and the visionary force behind the Life Beyond gaming destination, announced today a strategic partnership with DFZ Labs, creator of the world-renowned Web3 brand Deadfellaz. Darewise and DFZ Labs have entered into...
LBank Labs Takes Bold Step in Web3 Venture Capital: Announces Strategic Investment in Entangle
26.1.2024
LBank Labs, at the forefront of Web3 venture capital, is excited to announce its significant investment in Entangle, this strategic move is focused on bolstering Entangle’s revolutionary mission to unify Web3 communications and enhance ecosystem liquidity. Entangle stands out with...
Polygon Labs and Warner Music Group Accelerate Web3 Evolution in Music
26.1.2024
In collaboration with Warner Music Group (WMG), Polygon Labs has unveiled the two grant recipients for the inaugural Web3 Music Accelerator program. The initiative, announced in June 2023, aims to foster innovation at the intersection of Web3 and the music industry. The Web3 Music Accelerator...
Celo, Shopping for Blockchain Partner, Turns to the Delicate Issue of Money
25.1.2024
A standalone blockchain, Celo is looking to migrate to become a layer-2 network atop Ethereum. The months-long selection process has started to look like "The Bachelorette," with teams behind the Arbitrum, Optimism, Polygon and zkSync networks all vying to win the technology mandate
WEF Panelists: Blockchain’s ‘Killer Use Case’ Might Be Tracking AI Model Data Bias
25.1.2024
Using blockchain to stamp out biases in artificial intelligence models might turn out to be the technology’s “killer user case,” executives attending the World Economic Forum in Davos have said. The blockchain firm Casper Labs and the computer giant IBM have partnered to create an...
Polygon Introduces ‘AggLayer,’ Aims to Simplify Blockchain Integration Across Platforms
25.1.2024
Polygon Labs plans to release “AggLayer,” a new blockchain aggregation layer, in February. This development aims to enhance interoperability across blockchain platforms. According to Polygon’s recent blog, AggLayer is designed as a centralized protocol that aggregates zero-knowledge (ZK) proofs...
Polymer Labs Secures $23 Million to Build Ethereum’s ‘Interoperability Hub’
25.1.2024
Polymer Labs, the inter-blockchain communication (IBC)-based networking layer two (L2), recently disclosed that it had raised $23 million via a Series A funding round. Polymer said only Ethereum and all chains under the IBC control will initially be compatible with its interoperability solution....
Solana Unleashes Token Extensions to Enhance SPL Token Standard
25.1.2024
On Wednesday, Solana Labs unveiled the launch of token extensions, marking a noteworthy advancement in the SPL Token standard. The blockchain network’s token extensions aim to provide a suite of solutions for businesses transitioning to distributed ledger technology, emphasizing security...
Polygon Plans 'AggLayer,' in Bid to Synthesize Modular, Monolithic Blockchains
24.1.2024
The new "AggLayer," set for launch next month, relies on zero-knowledge proofs, a type of cryptography that Polygon Labs is betting on as a core underpinning of future blockchain architecture
Is It Too Late to Buy Aptos? APT Price Turns Green As This Latest Meme Coin Prepares for Exchange Listing
24.1.2024
The Aptos price has surged after ecosystem summit announcements sparked renewed interest in the layer-1 blockchain protocol. Image by Kerem Goktug Kaya, DALL-E 3. Aptos is currently capturing investor interest following the first day of the Aptos Ecosystem Summit, which revealed major updates...
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...