Author: Lalit Mohan
Balaji Srinivasan and colleagues contribute $7.5 million to the DePIN project SendingNetwork
A seed extension financing round has garnered $7.5 million for SendingNetwork, a decentralized physical infrastructure network (DePIN) initiative centered on web3 communications. According to SendingNetwork on Tuesday, a number of…
Winklevoss Twins Invest $4.5 Million in Peter McCormack’s Football Club
The Winklevoss twins, Tyler and Cameron, have made a notable investment in Real Bedford FC, a football club owned by Peter McCormack, host of the “What Bitcoin Did” podcast. The…
Avalon, a crypto gaming studio, raises $10 million in funding led by Bitkraft and Hashed
A $10 million fundraising round headed by Bitkraft Ventures and Hashed has been extended to Avalon, a cryptocurrency gaming studio that intends to launch a massively multiplayer online game. “Avalon,”…
The price of Railgun quickly rises by 123% after Vitalik Buterin’s endorsement
Following a post by Vitalik Buterin on X.com highlighting Railgun’s privacy benefits, the company reported a triple-digit percentage growth. The Railgun token increased in value by more than 123%. At…
UK will pass legislation establishing a framework for regulating cryptoassets before the end of July
Bim Afolami, the UK Economic Secretary to the Treasury, stated that legislation establishing a framework for regulating cryptoassets will be passed by the end of July. Afolami announced the timeline…
Uniswap trading volumes are close to $3 billion even after the Wells Notice
April is turning out to be Uniswap UNI -8.088% a month to remember. To begin with, on April 5, the decentralized exchange giant’s total trading volume surpassed $2 trillion, confirming…
Arbitrum BOLD is released on the testnet by Offchain Labs
The company developing the Arbitrum ecosystem, Offchain Labs, introduced Arbitrum BOLD on the testnet. The Bounded Liquidity Delay, or BOLD, is a dispute protocol with interactive fraud proofs for optimistic…
Nebraska man is accused of “cryptojacking” to mine $1 million worth of cryptocurrency
The U.S. Department of Justice claims that 45-year-old Charles O. Parks III stole $3.5 million in cloud computing services to generate $1 million worth of Ether, Litecoin, Monero, and other…
OKX hopes to add 50 million users to the chain by launching a new Layer 2 on the mainnet
With X Layer now live on the public mainnet, cryptocurrency exchange OKX hopes to get its 50 million users onto the chain. The native asset used to cover transaction fees…
VeChain and the UFC Partner to Tokenize Fighter Gloves; the Public Reacts
The Ultimate Fighting Championship (UFC) and blockchain platform VeChain have partnered to tokenize fighter gloves and use the VeChainThor network to track fighters’ identities. The business announced in a recent…
Fee Increase to 0.25% for Mainnet and Layer 2 Swaps Implemented by Uniswap Labs
The company that developed the Uniswap protocol, Uniswap Labs, has raised the costs that users must pay to trade on its interface. It is now 0.25% instead of 0.15% for…
Cryptocurrency Markets Collapse After an Israeli Drone Attack by Iran
After an Iranian drone strike on Israel, the Bitcoin market saw a sharp decline that resulted in a widespread sell-off of digital assets. With its 7.7% fall on Saturday, Bitcoin,…
Japan’s ruling party demands a “immediate” reform of the crypto tax
The Liberal Democratic Party, which is in power in Japan, wants the government to implement “immediate” crypto tax reforms. The web3 project team of the Liberal Democratic Party presented a…
Blockchain fraud organization returns with a new plan on the Blast network
According to reports, a group with a history of engaging in blockchain fraud has unveiled a new scheme on Blast. An on-chain detective named ZachXBT claims that the organization has…
Nigerian government seeks the extradition of Binance executive who is fugitive from Kenya
Nadeem Anjarwalla, the executive of Binance, fled from custody and was found in Kenya by the Nigerian authorities. Currently, the government wants to repatriate him to Nigeria. Punchng.com verified that…
Ethereum launch Aligned Layer secures a $2.6 million venture funding deal
As a “universal verification layer for Ethereum,” Aligned Layer is a startup that announced on Sunday, April 14, that it has raised $2.6 million in seed money. Leading the initiative…
Coinbase Appeals Ruling in Ongoing SEC Lawsuit
Coinbase, a prominent cryptocurrency exchange, has filed a motion to appeal a judge’s decision last month that allowed a lawsuit involving the U.S. Securities and Exchange Commission (SEC) and the…
Ex-Security Engineer Sentenced to Three Years for First Smart Contract Hacking Conviction
A former security engineer, Shakeeb Ahmed, has been sentenced to three years in prison for hacking two decentralized crypto exchanges and stealing over $12 million in crypto assets. This case…
Gopax Exchange Sees Narrowing Losses and Strong Revenue Growth in 2023
Gopax, a South Korean cryptocurrency exchange backed by Binance, reported a net loss of 51.3 billion Korean won (approximately $37 million) in 2023, significantly less than the 90.6 billion won…
Chainlink Introduces Transporter App for Cross-Chain Crypto Transfers
Chainlink, a decentralized computing platform, has launched Transporter, an application designed to facilitate the seamless movement of crypto tokens and messages between different blockchains. Powered by Chainlink’s cross-chain interoperability protocol…