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Kraken Said to Seek Partner to Help Build It a Layer 2 Blockchain Network
7.11.2023
The crypto exchange is still considering which blockchain developer should build its network, with Polygon, Matter Labs and the Nil Foundation in the mix, according to people familiar with the situation. Rival crypto exchange Coinbase blazed the trail with Base
XRP Price Pumps 16%, Eyes Test of Yearly Highs Near $1.0 as Crypto Community Discusses Potential 99.9% Victory for Ripple Versus SEC
6.11.2023
The US Security and Exchange Commission (SEC)’s losing streak in its ongoing lawsuit versus US fintech company and the creator of the XRP cryptocurrency Ripple Labs continued last week. That’s according to a tweet by Ripple Labs’ Chief Legal Officer Stuart Alderoty, who said last...
Magic Eden and Yuga Labs Unveil Ethereum NFT Marketplace to Protect Creator Royalties
6.11.2023
Yuga Labs has announced a collaboration with Magic Eden to introduce the Magic Eden Ethereum Marketplace, scheduled for release before the end of the year. In a press release on Saturday, the two companies announced that the Magic Eden Marketplace would become the first major Ethereum marketplace...
Yuga Labs addresses Apefest ‘vision damage’ issue; community calls out poor management
6.11.2023
The Bored Ape community was not very impressed by the Yuga Labs' reaction to the mishap, calling out their lack of basic health management at the event
Yuga Labs & Magic Eden team up to launch new Ethereum Marketplace
6.11.2023
Yuga Labs, a leader in the Web3 space and the owner of BAYC (Bored Ape Yacht Club), Meebits, 10KTF, CryptoPunks, Twelvefold, and Otherside, recently announced a partnership with Magic Eden, a pioneer in cross-chain NFTs, to launch an Ethereum-based marketplace for Magic Eden by December 2023. This...
SEC Clashes With Do Kwon and Terraform Labs in Court, Alleging ‘Clear, Undisputed’ Fraud
6.11.2023
Last week, lawyers representing Terraform Labs and its ex-CEO Do Hyeong Kwon (Do Kwon) moved to dismiss the lawsuit brought against them by the U.S. Securities and Exchange Commission (SEC). In response, the SEC has countered with a motion of its own, asserting the accountability of both...
MacOS Malware KandyKorn Targets Crypto Owners
3.11.2023
A new MacOS malware, known as KandyKorn and linked to the notorious Lazarus Group, has recently been identified. The malware was discovered by the Elastic Security Labs. According to an official report published by the blockchain security firm, KandyKorn relies on social engineering tactics...
SEC seeks summary judgment in Do Kwon and Terraform Labs case
3.11.2023
The “evidence” of violations provided by the SEC points to Kwon’s involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra (LUNA) tokens as securities
SEC Seeks Summary Judgment in Do Kwon and Terraform Labs Case, Citing Lack of Material Dispute for Trial
3.11.2023
The U.S. Securities and Exchange Commission (SEC) has requested a federal judge for a summary judgment in its case against Do Kwon and Terraform Labs. The SEC has argued in its filing that there is “no genuine dispute as to any material fact” in their case against Do Kwon and Terraform...
SEC Asks Court for Summary Judgement Against Do Kwon, Terraform
3.11.2023
The request follows a move by Kwon's defense team to do the same
Solana Labs unveils GameShift beta for effortless blockchain game development!
2.11.2023
With the announcement made at GamesBeat Next, there has been some exciting news in gaming technology. This occasion provided a venue for the launch of GameShift beta by Solana Labs, a ground-breaking innovation that promises a change in how blockchain games are created. The future is clear...
Modulus Labs Completes $6.3 Million Funding to Integrate Cryptographic Security Into AI
2.11.2023
Artificial Intelligence (AI) startup Modulus Labs, a project that integrates AI and crypto, has raised $6.3 million in seed funding. The project announced the launch of its formal debut on Wednesday, following the funding round, led by key crypto investors. The platform is backed by crypto venture...
Elon Musk slams NFTs but ends up arguing the case for Bitcoin Ordinals
2.11.2023
Elon Musk argued that NFT projects “should at least encode the JPEG in the blockchain,” to the delight of many Bitcoiners
Report: Lazarus Group Deploys New ‘Kandykorn’ Malware in Crypto Exchange Attack
2.11.2023
The state-sponsored North Korean hacker group Lazarus Group used a new type of malware called “Kandykorn” to target a cryptocurrency exchange. On October 31, Elastic Security Labs reported that the notorious Lazarus Group used a new type of malicious software (malware) called...
Physical CryptoPunks, Mercedes NFTs, and Yuga Labs wins ‘copycat’ lawsuit: Nifty Newsletter
1.11.2023
YugaLabs won a $1.57 million court battle against NFT artists Ryder Ripps and Jeremy Cahen because of disgorgement and damages
XRP Price Prediction as XRP Jumps 7% and Whale Moves $17 Million in Assets – What’s Going On?
31.10.2023
XRP (XRP), the cryptocurrency that powers the XRP Ledger launched by US fintech firm Ripple Labs back in 2011, has jumped nearly 8% in the past seven days, with more than 3.5% of these gains coming in the last 24 hours after XRP hit $0.60 for the first time since mid-August on Tuesday. XRP...
Terraform Labs and Do Kwon Challenge SEC, Seeking Dismissal of Multi-Billion Dollar Fraud Charges
31.10.2023
In the latest legal maneuver, Terraform Labs and its former CEO Do Hyeong Kwon (Do Kwon) have submitted a comprehensive Motion for Summary Judgment, seeking an immediate dismissal of the fraud charges levied against them by the U.S. Securities and Exchange Commission (SEC). Terraform Labs and...
Do Kwon’s Unreasonable Operations Led to Terraform Collapse: Co-founder Shin Denies Involvement
31.10.2023
The co-founder of Terraform Labs Daniel Shin has denied involvement in the collapse of the Terra Network pointing fingers at former CEO Do Kwon. Following his trial, reports have made rounds from local news media showing that Shin blames the bad policies of Do Kwon as he was not part of the company...
Ripple Labs and Hong Kong’s Fubon Bank Team to Offer Property Equity Access to Locals
31.10.2023
Ripple Labs is working on a pilot program with Hong Kong’s Fubon Bank to offer property equity access to residents. The developer of the XRP cryptocurrency revealed that the collaboration is a part of the e-HKD pilot project. Ripple and Fubon Bank were selected to demonstrate a use case...
Daniel Shin Blames Terraform Collapse on Do Kwon's Management: Report
31.10.2023
Shin is attempting to distance himself from Terra and Kwon as he faces trial in South Korea