Author: Mehar Nayar
Yuga Labs focuses on a smaller crypto-native staff by restructuring the organization and eliminating jobs
Due to internal restructuring, the web3 behemoth Yuga Labs had to let go of several team members on Friday. Greg Solano, a co-founder of Yuga Labs and the company’s new…
SEC Seeks $5.3 Billion Fine for Terraform Labs and Co-founder Do Kwon
Federal regulators are urging a New York court to impose a hefty fine of $5.3 billion on Terraform Labs and its co-founder, Do Kwon, following their involvement in the 2022…
Chinese Embassy Urges Caution for Citizens in Angola Regarding Crypto Mining
Amidst Angola’s recent legislative crackdown on cryptocurrency mining, the Chinese Embassy in the country has issued a warning to its citizens, advising them against engaging in such activities. The embassy…
FTX Plans Auction for Locked Solana Tokens Amid High Demand
FTX, a prominent cryptocurrency exchange, is set to auction its next batch of locked Solana tokens following substantial interest from potential buyers. The decision to opt for an auction format,…
Memecoin Pre-Sale Scams Hit Solana as March Frenzy Unfolds
Amid the fervor surrounding memecoins in March, a concerning trend has emerged on the Solana blockchain, where over a dozen memecoin pre-sales, collectively raising over $26 million, have been abandoned…
Sam Bankman-Fried Joins FTX Investors in Legal Battle Against Celebrity Endorsers
Former FTX CEO Sam Bankman-Fried has pledged support to FTX investors embroiled in a class action lawsuit against the company’s celebrity endorsers, including Tom Brady, Shaquille O’Neal, and others. Bankman-Fried’s…
Union Labs Plans Polygon-to-Cosmos Bridge with AggLayer Integration
Union Labs, a blockchain interoperability project, is set to integrate its technology with AggLayer, a decentralized service launched by Polygon Labs earlier this year. AggLayer allows for sharing liquidity among…
Aptos Collaborates with Microsoft, Brevan Howard, and SK Telecom to Offer DeFi Solutions to Institutions
Aptos Labs, the team behind the Aptos layer-1 blockchain, has formed a strategic partnership with Microsoft, Brevan Howard, and South Korean telecom operator SK Telecom. The collaboration aims to provide…
Binance Obtains Full Crypto Services License in Dubai
Binance, the leading global cryptocurrency exchange by trading volume, has been granted a full virtual-asset services provider (VASP) license by Dubai’s Virtual Assets Regulatory Authority (VARA). This marks the completion…
Arkansas State House Considers Bills to Limit Cryptocurrency Mining
The Arkansas State House has approved two bills aimed at limiting cryptocurrency mining activities in the state, though these bills are not yet final legislation. They establish the groundwork for…
Ethereum Staking Peaks with 27% of ETH Now Locked In
Recent data shows that staking interest in the Ethereum network has risen significantly over the past year, with over 27% of all ether now staked. This accounts for a total…
Fake OMNI Token Scandal Costs Investors $400,000 as Real Token’s Value Plummets
The launch of Omni Network’s OMNI token on April 17 was intended to be a significant milestone for the Layer-1 testnet blockchain, which focuses on improving interoperability among Ethereum rollups….
Bitcoin Network Transaction Fees Rise as Halving Approaches
Recent data shows a significant increase in bitcoin transaction fees since the beginning of April. The average fee has soared to 133 satoshis per virtual byte, equivalent to approximately $19.48…
Ondo Finance Expands Tokenized Treasuries to the Cosmos Ecosystem with Noble Partnership
Ondo Finance, a leading tokenized real-world asset platform, has announced its partnership with the Cosmos-based Noble chain to bring its tokenized products to the Cosmos ecosystem. The collaboration aims to…
Nibiru Chain Allocates Over $15 Million in Grants to Support Asian Market Developers
Nibiru Chain, a blockchain platform supported by investors such as HashKey, Kraken Ventures, and Tribe Capital, has announced a new grant program worth over $15 million to encourage and support…
Crypto.com CEO Predicts Temporary Dip in Bitcoin Price Before Future Gains
Kris Marszalek, CEO of crypto trading platform Crypto.com, shared his outlook on the impact of the upcoming Bitcoin halving and the introduction of spot Bitcoin exchange-traded funds (ETFs) on the…
HSBC Explores Expansion of Tokenized Asset Offerings: CEO Supports Tokenization
HSBC, Hong Kong’s leading commercial bank, is planning to expand its range of tokenized assets, according to CEO Noel Quinn. In a recent private media roundtable in Hong Kong, Quinn…
Jury Begins Deliberations in Avi Eisenberg’s $110 Million Mango Markets Fraud Trial
NEW YORK — The fate of Avi Eisenberg, a crypto trader charged with commodities fraud, commodities manipulation, and wire fraud in connection with an October 2022 exploit on Mango Markets,…
U.S. Senators Propose New Stablecoin Regulation Bill
U.S. Senators Kirsten Gillibrand and Cynthia Lummis have introduced a new bill aimed at regulating stablecoins in collaboration with the Federal Reserve and the New York State Department of Financial…
Parcl Protocol on Solana Experiences 40% Drop in Total Value Locked After Airdrop
Parcl, the real estate market betting platform on the Solana blockchain, saw a significant decrease in total value locked (TVL) following an airdrop of its PRCL token. According to data…