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More SEC Enforcement Action is Coming With DeFi in Firing Line, Warns Key Agency Official
20.9.2023
The head of the US Security and Exchange Commission (SEC)’s Crypto Assets and Cyber Unit David Hirsch just sent a chilling warning to the crypto industry, which has already found itself heavily in the agency’s crossfire in recent months....
Read More: More SEC Enforcement Action is Coming With DeFi...
Canto, Astar blockchains plan migration to Ethereum ecoystem as layer 2s
19.9.2023
By inheriting Ethereum’s security, Canto will be more decentralized and will enable trustless guarantees when bridging assets over, Polygon Labs said
Sony Announces Joint Initiative to Create Blockchain for Spearheading Its Web3 Strategy
16.9.2023
Sony Network Communications, part of the Sony Group, entered into a joint initiative to create a blockchain project that aims to serve as the “backbone of global Web3 infrastructure.” The new company, created with Startale Labs, a Web3 development startup, aims to provide...
Astar Partners With Polygon to Target Japan’s Web3 Boom With New Scaling Solution
16.9.2023
At the Token2049 conference in Singapore, Astar Network revealed it is joining forces with Polygon Labs to launch Astar zkEVM, a new Ethereum layer two scaling solution utilizing zero-knowledge proof technology. The collaboration aims to drive greater adoption of Web3 applications in the Japanese...
XRP Price Prediction as Ripple Labs Opens Up Liquidity Hubs in Brazil and Australia – Adoption on the Rise?
15.9.2023
Ripple Labs, the creator of the decentralized XRP Ledger and issuer of the XRP cryptocurrency that powers it, is expanding its Liquidity Hub platform to Australia and Brazil.
Ripple’s Liquidity Hub functions as the US fintech company’s digital asset liquidity management service that it offers...
Polygon Labs publishes 1st set of PIPs to implement Polygon 2.0
15.9.2023
Polygon Labs has announced the publication of the first set of PIPs while setting its foot on the implementation of Polygon 2.0. It was first teased in June to tremendously upgrade the Polygon ecosystem. Considering the PIPs go well with the community, they would be lined up for the final stage...
Matter Labs steps back as zkSync launches ecosystem portal managed by DappRadar
14.9.2023
The launch brings Matter Labs one step closer to its goal of complete decentralization for the zkSync protocol
‘Credible’ Death Threat Causes Unity To Close Two Offices
14.9.2023
A death threat made against two of video game technology vendor Unity’s U.S.-based offices was deemed “credible,” prompting the company to take precautionary measures.Read more
Polygon 2.0 - MATIC conversion to POL outlined in preliminary improvement proposals
14.9.2023
The Ethereum layer 2 developer has introduced the first improvement proposals to begin the transition to its Polygon 2.0 ecosystem
DeFi as a solution in times of crisis
14.9.2023
Bitcoin helped pioneer this new era, but the future envisioned by Satoshi Nakamoto requires our continued efforts
Meta ‘ruined’ the term metaverse, but now it’s evolving: Yuga Labs CEO
14.9.2023
While Meta’s Horizon Worlds is suffering from a low user base, metaverse platforms have focused on building, says Yuga Labs CEO Daniel Alegre
FTX Approved to Sell $3.4B in Crypto; Tron’s Justin Sun, DWF Labs Consider Buying Cache
13.9.2023
The bankrupt crypto exchange FTX received permission to sell its crypto assets valued at more than $3.4 billion after John Dorsey, the presiding bankruptcy court judge, approved the motion. Moreover, Tron founder Justin Sun took to social media and said he is considering an offer for FTX’s...
Decentralized exchanges a magnet for crypto wash traders: Solidus Labs
13.9.2023
Token deployers and liquidity providers wash-traded over $2 billion worth of crypto on Ethereum-based DEXs since 2020, a Solidus Labs report claims
Lightspark CEO David Marcus Profiles Bitcoin as Global Payment Network
13.9.2023
David Marcus, CEO of Lightspark and co-creator of Diem, Meta’s failed cryptocurrency project, explained his intentions of turning Bitcoin into a global payments network. Marcus explained that there was no universal protocol for sending value over the internet and that we were still in...
Offchain Labs announces partnership with Espresso System
12.9.2023
Offchain Labs has announced a partnership with Espresso Systems. The objective is to bring sequencing technology to Ethereum roll-ups, provided they meet the nature of being open-source and decentralized. The partnership is based on the assumption that a total of three elements will be integrated....
Sony and Startale Labs form partnership to build a blockchain
12.9.2023
Startale Labs recently announced a joint venture with Sony Network Communications. The collaboration will see the parties develop a blockchain for Sony. The blockchain network will be used to support the worldwide Web3 infrastructure. Both parties will merge their partner networks, expertise,...
FTX Estate Takes Legal Action Against LayerZero Labs to Recover $86 Million
11.9.2023
FTX’s bankruptcy estate has taken legal action against LayerZero Labs, the development firm behind a cross-chain swap protocol, in a bid to reverse a series of financial transactions conducted by FTX’s former management shortly before the exchange filed for bankruptcy.
The lawsuit centers around...
FTX Estate Sues Layerzero Labs for $85M Over Alleged Fraudulent Deals and Asset Withdrawals Amidst Collapse
11.9.2023
The bankrupt estate of cryptocurrency exchange FTX is suing blockchain company Layerzero Labs in an attempt to claw back a $45 million deal and over $40 million in withdrawals made in the days before FTX filed for bankruptcy. The lawsuit alleges that Layerzero exploited FTX’s financial...
Decentralized Exchange Sushi Expands to Aptos Blockchain
11.9.2023
Sushi, the decentralized exchange (DEX) that has $350 million in locked value, has expanded its services to a layer-1 blockchain Aptos
Arbitrum's fraud proofs haven't been used in the two years since it launched
11.9.2023
Offchain Labs co-founder Ed Felten said there were one or two fraud challenges submitted on a version of Arbitrum running on the Ethereum proof-of-work fork after the Merge, which was defeated