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Jump Crypto Pocketed over $1 Billion in Secret Do Kwon Deal, Dodges Questions from SEC
10.11.2023
President of Jump Crypto, Kanav Kariya, pleaded his Fifth Amendment rights while being questioned by the U.S. Securities and Exchange Commission over an alleged hidden market-making scheme with Terraform Labs’ founder, Do Kwon, that saw his company pocket over $1 billion. Kariya’s secret...
Polygon Labs Launches $85 Million Developer Fund to Attract Web3 Talent
9.11.2023
Polygon Labs launches major funding to draw blockchain developers. Image by akif, Adobe Stock. On Thursday, Ethereum scaling solution Polygon Labs announced the launch of an $85 million grant program with the goal of attracting top Web3 talent to build on its network. The initiative will provide...
Proof of Stake Alliance updates recommendations for staking providers
9.11.2023
The POSA updated its staking principles to say that providers should communicate clearly and should not control the amount of liquidity a user must provide
Blockchain Staking Firms Update Best Practices Amid 'Increased Scrutiny'
9.11.2023
The new “staking principles,” published by the Proof of Stake Alliance, aim to ensure consumer protections and promote innovation. Signers include Lido, Coinbase, Rocketpool, Blockdaemon
Polygon Labs Commences $85M Grant Program to Draw Builders to Its Ecosystem
9.11.2023
Polygon Labs is offering a total of 110 million of its native token, MATIC, to projects in DeFi, gaming and social media, among others
Legal Action Threatened Over Eye Injuries at ApeFest: Bored Ape NFT Holder Speaks Out
9.11.2023
Source: AdobeStock / alexandarilich Yuga Labs, the maker of the popular Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), is now on legal notice over injuries sustained at ApeFest. The founder and CEO of art technology company Artfi, Asif Kamal, tweeted early on Thursday (UTC) that he...
Polygon Labs to build zkWasm L2 Prover with NEAR Foundation
9.11.2023
Polygon Labs and NEAR Foundation are finalizing an agreement to produce a zero-knowledge (ZK) prover for Wasm blockchains. Connecting Wasm-oriented chains to the Ethereum ecosystem, which will also have an expanding number of multichain Polygon CDK chains, will be facilitated by a zkWasm prover....
Yuga Labs confirms UV lights likely cause of eye issues at ApeFest
9.11.2023
The Bored Ape Yacht Club’s official Twitter account said an investigation confirmed suspicions that UV lights were the likely cause of the reported eye and skin issues suffered by some attendees
Yuga Labs Confirms UVA-A Emitting Lights Cause of ApeFest Eye Issues
9.11.2023
Numerous participants exhibited signs of photokeratitis, an ailment resulting from ultraviolet (UV) light exposure, after last weekend's event
The Protocol: Kraken Awakens – as Ethereum L2 Candidate
8.11.2023
In this week's edition of The Protocol newsletter, we explain how Kraken is reportedly considering launching its own layer-2 blockchain, following Coinbase's recent launch of a similar network, amidst a broader trend of companies creating Ethereum-based transaction solutions
Polygon Labs and NEAR announce ZK prover for WASM integration
8.11.2023
The Polygon CDK will soon include a ‘zkWASM’ prover, allowing Web Assembly networks to integrate with the broader Polygon ecosystem
Near Foundation and Polygon Labs Collaborate to Build ZK Solution
8.11.2023
The aim of the tie-up is to allow for greater interoperability across chains
HSBC Announces Plans to Launch Digital Asset Custody Service in Partnership with Metaco
8.11.2023
Source: AdobeStock / BGStock72 HSBC Holdings aims to introduce a custody service for digital assets, catering to institutional clients seeking exposure to tokenized securities. The global bank will offer the new service in collaboration with Metaco, a technology firm owned by Ripple Labs, according...
TokenFi forms an exclusive partnership with DWF Labs
8.11.2023
TokenFi (TOKEN) and DWF Labs, a multi-level Web3 investment firm and digital asset market creator, have formed a strategic partnership. This collaboration is the result of DWF Lab’s understanding of the tremendous potential of the extremely high volume associated with the tokenization space...
Former SEC Official Predicts ‘Big Win’ for SEC in Terra Lawsuit — Expects Continued Rejection of Ripple/XRP Ruling
8.11.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has predicted a “big win” for the SEC in the lawsuit involving Terraform Labs. The ex-SEC official also expects District Judge Jed Rakoff to keep rejecting the ruling by District Judge Analisa...
Attendees of Yuga Labs’ ApeFest Event Report Eye-Related Issues; Yuga Labs Investigating Cause
7.11.2023
Source: AdobeStock / alexandarilich Attendees of the Yuga Labs ApeFest event in Hong Kong have reported suffering burns, eye damage, and extreme pain in their eyes after attending the event. The attendees at the Yuga Labs ApeFest event in Hong Kong on November 4 suffered eye burns, impaired...
BlockGames announces new strategic alliance with Aptos Labs
7.11.2023
BlockGames recently announced a strategic partnership with Aptos Labs. The announcement was made on the official X/Twitter account of BlockGames. The tweet stated that BlockGames is integrating the Aptos Network with its platform. The development will lead to Web3 users across the world accessing...
Ava Labs Cuts Staff by 12% to Reallocate Resources for ‘Growth’ – Here’s the Latest
7.11.2023
Source: AdobeStock / freshidea Ava Labs, the team behind the Avalanche ( AVAX) blockchain, has confirmed a 12% reduction in its workforce citing the need to reallocate resources as the driving force behind the staff cuts. Emin Gün Sirer, founder and CEO of Ava Labs, announced the news in a recent...
Nifty News: The Simpsons roast NFTs, Yuga Labs exec departs after anti-semitic tweets and more
7.11.2023
The Simpsons poked fun at NFTs in their annual halloween special but degens still managed to take advantage of the publicity to hoist an NFT collection to near top of the charts
Ava Labs cuts 12% of staff to ‘reallocate resources’ toward expansion
7.11.2023
Ava Labs CEO Emin Gün Sirer however stressed the firm is well-positioned with significant runway and resources at its disposal