labs
DeFi Liquidity Project Paradigm Labs Shuts Down, Unable to Find Niche in DEX Ecosystem
The ambitious DeFi liquidity project, Paradigm labs are shutting down its operations citing an inability to build a resilient business within the DEX ecosystem.
Dapper Labs Raises $18M in Token Sale
The team responsible for the crypto-collectibles phenomenon “Crypto Kitties” has just secured an $18 million token sale.
Walmart Canada Delves Deeper into Blockchain with DLT Labs Tie-Up
Walmart Canada has teamed up with DLT Labs for its blockchain-driven freight and payment network that is touted to be the world’s most prominent full production blockchain solution for any sector application.
Xpring Invests in Towo Labs To Develop Software for XRP Hardware Wallet
Xpring, Ripple’s investment arm and tech incubator announced in a recent report that it has invested in Towo Labs, a Swedish cryptocurrency self-custody startup, to develop a software that will support XRP on a hardware wallet.
Aptos Labs Raises $150m Co-Led by FTX Ventures & Jump Crypto
Aptos plans to use the latest capital to bring the now-defunct Diem project back to life.
Krafton Partners with Solana Labs to Develop blockchain-based Games
Game developer for PC and mobile devices Krafton partners with Solana Labs to develop blockchain-based games and services in the Metaverse world.
Grayscale Will Dissolve XRP Trust In Reaction to SEC Lawsuit Against Ripple
Institutional-grade digital asset firm Grayscale will dissolve its XRP Trust as the United States Securities and Exchange Commission (SEC) pursues its lawsuit against Ripple
South Korean Watchdogs Request Interpol’s Red Notice against Do Kwon
The controversy surrounding Do Kwon’s whereabouts continues to grow, given that South Korean prosecutors asked Interpol to issue a red notice against the Terraform Labs’ founder.
Decentralized Exchange dYdX Proposes $20M Incentive Program for v4 Launch
Chaos Labs proposes a $20M, 6-month Launch Incentives Program for the transition to dYdX v4. The initiative aims to facilitate user and volume migration to the new dYdX Chain, with a robust pre-launch and post-launch strategy. Governance proposals will guide the distribution of DYDX rewards, maintaining transparency and community oversight throughout the program.
Google Cloud and Polygon Labs partner for Ethereum scaling
Google Cloud will provide framework and developer tools to aid Polygon Labs’ Ethereum scaling protocol. The partnership aims to streamline developer integration for decentralized applications on Polygon.
Snowtrace to End Etherscan-Powered Service by Nov 30
Snowtrace.io, a blockchain explorer for Avalanche C-Chain, will discontinue its Etherscan-powered explorer on November 30, 2023, due to high EaaS service costs. Users are advised to backup data and Ava Labs suggests a better solution transition.
Korean Prosecutors Consulting if LUNA Classified "Security"
The probe into Terraform Labs by South Korean prosecutors is taking a whole new twist as watchdogs are making consultations on how best to classify the collapsed LUNA tokens - now known as Luna Classic (LUNC).
Seoul Court Issues Arrest Warrant for Do Kwon and 5 Others
Do Kwon and five others have allegedly violated the nation's capital markets law and have been issued a warrant from the court in Seoul. LUNA and LUNC both collapsed after the arrest warrant was issued.
Yuga Labs Acquires Roar Studios to Expand Metaverse Vision
Yuga Labs, known for Bored Ape Yacht Club, has agreed to acquire Roar Studios, enhancing its metaverse vision.
Polygon Labs Critiques SEC Proposed Rulemaking That Threatens Permissionless Blockchain Networks
Polygon Labs, the leading blockchain technology firm, issued a response today to a proposed rule from the Securities and Exchange Commission (SEC) that redefines the term "exchange."
Ex-Terraform Labs CFO Extradited to South Korea in Crypto Fraud Case
Han Chang-joon, former Terraform Labs CFO, has been extradited to South Korea for charges of financial fraud in the crypto industry, marking a significant international effort to combat digital asset fraud.
Terraform Labs Staff Discloses LUNA's Potential Risk of Crash but Neglected: South Korean Authority
The staff of embattled blockchain startup Terraform Labs have been called for questioning as part of an investigation being carried out by the Seoul Southern District Prosecutor’s Office’s joint financial and securities crime investigation team.
Mysten Labs Partners with Alibaba Cloud to Bolster Sui Blockchain Ecosystem
Mysten Labs collaborates with Alibaba Cloud to enhance the Sui blockchain ecosystem, introducing AI-assisted development tools, educational programs, and global infrastructural support.
Tech Mahindra Developing India’s Blockchain Education with Idealabs Partnership
Tech Mahindra, an Indian multinational IT company, has inked a partnership with Idealabs, an education technology firm, to boost Indian students and aspiring tech professionals with notable blockchain skillsets. Through the strategic collaboration, curated blockchain professional certification courses will be offered made up of live online classes and expert sessions by gurus in the industry.
SEC Collaborates with South Korea in Probing Terraform Labs and Do Kwon
The US SEC has approved collaboration with South Korea to investigate Terraform Labs and co-founders Daniel Shin and Do Kwon. The investigation focuses on Chai Corporation's use of the Terra blockchain and its relationship statements with Terraform. Shin is charged with fraud, while Kwon faces investigations in both the US and South Korea.
Sam Blackshear Discusses Security Aspects of Move Programming Language
Sam Blackshear sheds light on the security features of the Move programming language designed to prevent common security exploits.
OKX Ventures Backs Monad Labs to Accelerate Web3 and Decentralized Computing Innovation
OKX Ventures, the investment arm of crypto exchange OKX, invests in Monad Labs, driving innovation in Web3 and decentralized computing.
ElevenLabs and NVIDIA Unveil Multilingual AI Voice Technology at Computex
ElevenLabs partners with NVIDIA to showcase AI voice technology in multilingual keynotes.
BNB Chain and Binance Labs Unveil BNB Incubation Alliance to Boost Blockchain Innovation
BNB Chain and Binance Labs launch BNB Incubation Alliance to support early-stage blockchain projects with top VCs and incubators.
Pocket FM and ElevenLabs Partner to Revolutionize Audio Storytelling
Pocket FM teams up with ElevenLabs to transform written stories into audio with AI, achieving high production efficiency and inclusivity.
Anthony Joshua's Voice Recreated Using ElevenLabs' AI for Under Armour Campaign
Tool uses ElevenLabs' AI to recreate Anthony Joshua's voice for an Under Armour campaign, achieving efficiency and high-quality results.
Infer.so and ElevenLabs Unveil Groundbreaking Multimodal AI Voice Bot
Infer.so partners with ElevenLabs to create the world's first multimodal AI voice bot, revolutionizing industries like e-commerce and fintech with lifelike voice interactions.
AnyTopic Enhances Personalized Audiobook Experience with ElevenLabs Integration
AnyTopic partners with ElevenLabs to offer personalized, high-quality audiobooks, revolutionizing online learning with AI voice generation.
ElevenLabs Introduces Reader App for Text-to-Speech on the Go
ElevenLabs launches the Reader App, allowing users to listen to any text content with high-quality voices, enhancing accessibility and convenience.
Celo Foundation: cLabs Introduces Dango, a New Layer-2 Testnet for Celo
cLabs unveils Dango, a Layer-2 testnet for Celo, enhancing blockchain performance and scalability with Optimism’s OP Stack.
TIME Partners with ElevenLabs to Enhance Audio Accessible Content
TIME collaborates with ElevenLabs to integrate automated voiceovers, enhancing accessibility and engagement for its readers.
ElevenLabs Brings Iconic Voices to Life with New Reader App
ElevenLabs partners with estates of Judy Garland, James Dean, Burt Reynolds, and Sir Laurence Olivier to bring their voices to its Reader App.
OKX Ventures Backs Compute Labs in Tokenized GPU Market Initiative
OKX Ventures has invested in Compute Labs to advance the tokenized GPU market, enhancing accessibility to compute revenue through blockchain technology.
Sui Gas Pool Enhances Transaction Sponsorship for Developers
The Sui Gas Pool service allows developers to efficiently sponsor gas payments for transactions at scale, streamlining user onboarding and handling high concurrency needs.
ElevenLabs Launches AI-Powered Reader App on Android
ElevenLabs introduces its AI-powered Reader App on Android, offering high-quality voice narration for texts. Available now in the US, UK, and Canada.
ElevenLabs Launches Advanced Text-to-Speech AI with 100+ Voices
ElevenLabs introduces a cutting-edge text-to-speech software featuring over 100 AI-generated voices in 29 languages, aiming to revolutionize the TTS industry.
Arcade Enhances Interactive Demos with ElevenLabs’ AI Voice Technology
Arcade integrates ElevenLabs to offer AI-driven voiceovers, doubling usage and enriching customer experiences with multilingual support.
ElevenLabs Enhances Dubbing API with Increased File Upload Limits
ElevenLabs has upgraded its Dubbing API, raising the file upload limit from 500MB to 1GB and extending the duration from 45 minutes to 2.5 hours.
Animoca Brands Partners with LayerZero Labs for Enhanced Interoperability
Animoca Brands and LayerZero Labs announce a multi-year strategic partnership to enhance interoperability in digital content and gaming ecosystems.
ElevenLabs Expands Language Support to Include Hungarian, Vietnamese, and Norwegian
ElevenLabs announces the addition of Hungarian, Vietnamese, and Norwegian to its language support, now totaling 32 languages, enhancing audio creation capabilities.
Mysten Labs Introduces Mysticeti to Improve Sui's Consensus Performance
Mysten Labs Chief Scientist George Danezis details how Sui's new Mysticeti consensus engine reduces latency and enhances user experience.
KukuFM Triples Audio Production Capacity with ElevenLabs Integration
KukuFM has significantly increased its audio series production capacity by integrating with ElevenLabs' AI text-to-speech technology.
Exploring the Salt Server Architecture of zkLogin by Mysten Labs
Mysten Labs unveils the salt server architecture behind zkLogin, ensuring secure and private identity management for Web3 applications.
Pantera Capital Explores Investment in NPC Labs' B3 Platform
Pantera Capital announces a strategic investment in B3, a platform by NPC Labs, aimed at advancing blockchain technology.
ElevenLabs Slashes Prices of Turbo V2 and V2.5 Models by 50%
ElevenLabs has reduced prices for its Turbo V2 and V2.5 models by 50%, introducing new pricing plans to benefit both self-serve and enterprise customers.
Offchain Labs Unveils Arbitrum Roadmap to Boost Blockchain Innovation
Offchain Labs has released its technical roadmap for Arbitrum, focusing on scalability, decentralization, and developer experience to drive blockchain adoption.
ElevenLabs Launches Reader App in 32 Languages Globally
ElevenLabs' Reader App is now available worldwide on iOS and Android, supporting 32 languages and high-quality AI voices.
Binance Labs Invests in Four Web3 Projects from BNB Chain's MVB Season 7
Binance Labs has invested in four standout projects from BNB Chain's MVB Season 7, aiming to accelerate growth and innovation in the Web3 space.
ElevenLabs Establishes European Headquarters in London
AI audio company ElevenLabs has opened its European HQ in London to leverage the city's diverse talent pool and innovation ecosystem.
Offchain Labs Launches Tandem to Empower Blockchain Innovation
Offchain Labs introduces Tandem, a partner studio aimed at solving blockchain's toughest challenges through collaboration and investment.
ElevenLabs Introduces Two Free Regenerations for TTS and STS
ElevenLabs now offers two free regenerations for Text to Speech (TTS) and Speech to Speech (STS) services, allowing users to tweak voice settings at no extra cost.
Enhancing Podcast Quality: Effective Audio Cleanup Techniques
Discover top tools and strategies to clean up podcast audio, including ElevenLabs' voice isolator. Improve your podcast's quality with these expert tips.
ElevenLabs Leads the Arabic Text-to-Speech Market
ElevenLabs emerges as the top choice for Arabic text-to-speech solutions, offering superior voice quality and advanced customization features.
Deepak Chopra Joins ElevenLabs to Enhance Mindful Listening Experience
Deepak Chopra's voice is now available on ElevenLabs Reader app, offering global users a new way to engage with his teachings.
ElevenLabs Introduces Methods to Remove Background Music from Streams
ElevenLabs shares techniques to remove background music from live streams, including using Twitch tools, Streamlabs, OBS, and their Voice Isolator.
Top French Text-to-Speech Platforms: ElevenLabs Leads the Market
Explore the leading French text-to-speech platforms. Discover why ElevenLabs stands out in offering superior voice quality and customization options.
Call Simulator Teams Up with ElevenLabs to Enhance AI-Powered Conversation Training
Call Simulator partners with ElevenLabs to revolutionize conversation training using AI, providing realistic call scenarios for employee skill development.
ElevenLabs Enhances Usage Analytics with New Features
ElevenLabs introduces new features to its Usage Analytics dashboard, offering CSV exports, billing period alignment, and improved navigation for better monitoring and analysis.
Cronos (CRO) Labs Launches Yield Rewards for vETH and vUSD on zkEVM Network
Cronos (CRO) Labs has activated yield rewards for vETH and vUSD tokens on its zkEVM network, allowing users to claim accumulated rewards regularly.
ElevenLabs AI vs. OpenAI Realtime API: A Detailed Comparison
Explore the differences between ElevenLabs Conversational AI and OpenAI's Realtime API in terms of emotion recognition, flexibility, latency, voice options, pricing, and additional features.
ElevenLabs and Pictory Enhance AI Video Creation with Expanded Language Support
ElevenLabs partners with Pictory to streamline video creation using AI voices, now supporting 32 languages. This collaboration enhances global reach and efficiency in video production.
Timeboost: Offchain Labs' Innovative Transaction Ordering for Arbitrum
Offchain Labs introduces Timeboost, a protocol enhancing transaction ordering on Arbitrum chains, balancing speed and MEV protection. Discover how it aims to improve blockchain efficiency.
ElevenLabs Reaches $1 Million Milestone in Voice Library Payouts
ElevenLabs has announced a significant achievement, surpassing $1 million in payouts to voice actors since February, marking a notable milestone in the growth of its Voice Library.
ElevenLabs Introduces Voice Design API and X to Voice Project
ElevenLabs launches Voice Design API and X to Voice, enabling users to create unique voices from prompts or Twitter profiles, expanding possibilities in voice synthesis.
ElevenLabs and Wondercraft Simplify Podcast Editing with AI Tools
ElevenLabs and Wondercraft have partnered to enhance podcast editing through AI voice technology, enabling users to create personalized audio content efficiently and effectively.
ElevenLabs and CreatorKit Revolutionize Video Ads with Emotive AI Actors
ElevenLabs and CreatorKit introduce Emotive AI Actors, enhancing video ads with authentic emotional expressions, boosting conversion rates by 16%.
Chaos Labs Unveils Multi-Agent System for Prediction Market Resolution
Chaos Labs introduces Edge AI Oracle, leveraging LangChain and LangGraph to revolutionize prediction markets with a multi-agent system for precise and transparent query resolution.
Cronos (CRO) Labs Expands Partnership with Google Cloud to Boost Blockchain Ecosystem
Cronos (CRO) Labs enhances its strategic partnership with Google Cloud to accelerate the growth of the Cronos blockchain ecosystem through technical innovation, developer adoption, and startup support.
Offchain Labs Explores High-Throughput Scaling for Arbitrum with Alt-Clients
Offchain Labs is advancing Arbitrum's scalability with a focus on alt-client solutions like Reth, Erigon, and Nethermind to enhance throughput and efficiency.
ElevenLabs Unveils Projects 2.0 for Enhanced Long-Form Audio Narration
ElevenLabs introduces Projects 2.0, a revamped platform for converting long-form texts into high-quality audio, featuring a redesigned interface and enhanced functionalities.
Cronos (CRO) Labs Bolsters Partnership with Google Cloud to Accelerate Ecosystem Growth
Cronos (CRO) Labs expands its strategic partnership with Google Cloud to enhance the growth of the Cronos blockchain ecosystem through key technological innovations and developer engagement.
Harry Yeff, aka Reeps100, Collaborates with ElevenLabs as Artist-in-Research
ElevenLabs appoints Harry Yeff, known as Reeps100, as Artist-in-Research to explore creative and ethical uses of audio AI, focusing on enhancing human-machine interaction.
ElevenLabs Launches AI Engineer Pack to Support Developers with Credits
ElevenLabs introduces AI Engineer Pack, offering $50+ credits from top AI tools like Mistral and Hugging Face, aiding developers in cost-effective project development.
Wormhole and Nuffle Labs Announce Native Multichain Restaking Launch
Wormhole and Nuffle Labs are set to launch a pioneering native multichain restaking solution with EigenLayer, eliminating the need for asset bridging and enhancing liquidity across blockchain networks.
Yuga Labs earns millions from new NFT collection
Yuga Labs has made millions on a new NFT collection it minted in the next step of its “Dookey Dash” web game.
Jasmy Lab Partners with Kana Labs to Promote JasmyCoin and IoT
Jasmy Lab has partnered with Kana Labs to expand its Jasmy ecosystem and promote global growth. Kana Labs will provide the Account Abstraction SDK for JasmyCoin's cross-chain accessibility. The partnership includes joint marketing efforts in Korea, India, and Western markets.
Animoca Brands subsidiary Darewise Entertainment Secures US$3.5M for Bitcoin Metaverse Ecosystem Token
Darewise Entertainment raised US$3.5 million via a token pre-sale on 17 October 2023, ahead of its Bitcoin metaverse ecosystem token launch, aimed at enhancing the development of its game Life Beyond. With significant backing from notable investors and strategic support from Horizen Labs for a 2024 token release, the project marks a substantial stride toward creating a Bitcoin-powered gaming metaverse.
Ava Labs to Raise New Funding Round at $5B valuation
Ava Labs, the team behind the development and management of Avalanche public blockchain, is raising a new funding round at a valuation of $5 billion, according to Bloomberg.
INX to Tokenize and List Casper Labs Equity on Regulated ATS Platform
INX Digital Company, Inc., a US-regulated broker-dealer, ATS, and transfer agent, announced on July 19, 2023, that it will tokenize and list the equity of Casper Labs, a leading enterprise blockchain software provider.
Yuga Labs Legal Battle Escalates as Defendants Allegedly Thwart Court Orders
Yuga Labs' lawsuit sees non-compliance accusations against defendants, potentially impacting the NFT and cryptocurrency landscape.
Yuga Labs Acquires IP Rights to CryptoPunks and Meebits
The startup behind the Bored Ape Yacht Club NFT collection, Yuga Labs has acquired the Intellectual Property rights to the CryptoPunks and Meebits collections from LarvaLabs.
Ava Labs to Serve as Smart Contracts Platform for Turkish EV Maker TOGG
Ava Labs has entered into a strategic partnership with Turkish Electric Vehicle (EV) manufacturer TOGG to serve as its smart contract platform for next-generation auto cars.
EDX Markets Partners with Solidus Labs to Monitor $16 Trillion in Crypto Trading with HALO Platform
EDX Markets has partnered with Solidus Labs to use the HALO platform, monitoring $16 trillion in crypto trading, enhancing compliance and risk management.
Lightning Labs and Tari Labs agree to halt Taro protocol development
Lightning Labs and Tari Labs agreed to halt the development of the Taro protocol, after a temporary restraining order was converted into a preliminary injunction by the courts. The order was issued due to Tari Labs' claims that the name Taro infringed on its trademark rights. Lightning Labs is now unable to update or announce any milestones of the protocol until a court decision is reached.
Ansible Labs Completes $7M Seed Funding Led by Archetype
Blockchain payments platform Ansible Labs on Wednesday announced the completion of a $7 million seed round of funding led by crypto venture capital firm Archetype.
Yuga Labs Comes up With New Condition For Meebits NFT Sales
Following the CryptoPunks acquisition in March, non-fungible token (NFT) giant Yuga Labs will now receive 5% on all secondary sales conducted by Meebits
Cryptex Finance to Launch NFT Index Token JPEGz in Q4
Cryptex Finance is set to launch a new JPEGz token powered by Chainlink and Coinbase Cloud.
Sygnum Pioneers Treasury Tokenization with USD 50M Fidelity MMF Investment
Sygnum Bank breaks new ground by tokenizing USD 50M of Matter Labs' treasury reserves into the Fidelity Institutional Liquidity Fund, enhancing the synergy between traditional finance and crypto.
OpenSea Acquires Crypto Wallet Dharma Labs for Undisclosed Amount
OpenSea, a leading marketplace for non-fungible tokens (NFTs), announced that it had bought cryptocurrencies digital wallet Dharma Labs for an undisclosed amount.
Klaytn Foundation and Matter Labs Collaborate to Advance Layer 2 Technology Integration
Klaytn Foundation, the organization behind South Korea's prominent Layer 1 blockchain Klaytn (symbol: KLAY), has entered into a memorandum of understanding (MOU) with Matter Labs, the team responsible for developing Ethereum Layer 2 scaling solution zkSync Era.
Binance Labs to Invest in 7 Startups from the MVB Accelerator Program
Binance Labs, the incubation and Venture Capital arm of Binance Exchange, has announced it will be making an investment in 7 startups from the Season 5 of The Most Valuable Builder (MVB) Accelerator Program.
zkSync Parent Firm Sets to Launch Layer 3 Testnet ‘Pathfinder’ in Q1 2023
Matter Labs has announced a new layer 3 Ethereum scaling prototype called ‘Pathfinder,' which will be released in Q1 of 2023 and could turn out to be the first Layer 3 network built on the Ethereum blockchain.
Matter Labs to Reveal its ZkSync Token Specification in November 2022
Matter Labs is set to unveil its token specification in November as it looks toward full ecosystem functionality
Legal Battle between Ripple Labs and SEC Seek End Game
The Ripple-SEC legal case has entered into the summary judgment phase. Both parties are seeking a speedy close to the lawsuit.
a16z-Backed Stelo Labs Ceases Operations Today, October 31, 2023
Stelo Labs has halted operations on October 31, 2023, despite its initial success and over 10,000 extension downloads. The company will now focus on market definition, assumption validation, and core problem-solving as they prepare for their next venture.
Crypto Risk Platform Solidus Labs Hires Former CFTC Commissioner Dawn Stump as Strategic Advisor
Solidus Labs seeks to transform financial risk monitoring. Dawn Stump will help solidus Labs pursue its mission to enable a safe and regulated crypto market.
Proposal for ApeCoin to Move Away from Ethereum Favoured by APE Whales
A campaign of "ETHxit" is ongoing. ApeCoin DAO holders are voting to decide if they should move ApeCoin away from Ethereum to its blockchain or remain on the ETH chain. Currently, the majority goes to "leave".
Terraform Labs Seeks Citadel Securities' Trading Data amid SEC Lawsuit
Terraform Labs has filed a motion against Citadel Securities seeking critical trading data for its defense in a lawsuit by the SEC. The case revolves around market destabilization allegations during the May 2022 Depeg event of TerraUSD stablecoin. The motion urges disclosure of trading strategies between March and May 2022, amidst indications of Citadel Securities' alleged intentions to short UST. Terraform Labs stresses the documents' importance in countering the SEC's fraud allegations, proposing a transfer to another court for a decision if necessary.
Tokens.com Corp Launches Hulk Labs, Focusing on GamFi and NFT
Toronto-based publicly-traded Blockchain technology company Tokens.com Corp has launched Hulk Labs, a platform focusing on Crypto gamefi and NFT investment.
NFT Platform LÜM Cooperates with 25 World-renowned Musicians to Launch the "Access Pass" NFT
U.S.-based music blockchain NFT platform LÜM has announced a partnership with 25 world-renowned musicians to launch the “Access Pass” NFT.
Ethena (ENA) Labs Integrates with Major Exchanges for Reward Program
Ethena Labs, a synthetic dollar developer, has partnered with major centralized exchange wallets to offer users a 20% reward boost for locking USDe stablecoins for 7 days, converting rewards into ENA tokens.
NFT Firm Yuga Labs Faces Criticism Over Bitcoin Auction Plan
Yuga Labs has come under fire from the cryptocurrency community for its plan to auction its new Bitcoin NFT collection. The company's plan requires participants to send their entire bid amount in Bitcoin to a unique BTC address controlled by Yuga, and winners would pay up the BTC they bid while Yuga said it would return BTC to those unsuccessful in placing a top bid. The manual refund process for unsuccessful bids and the potential for significant price discrepancies in the top 288 bids have led to criticism from some within the crypto community.
Binance Labs Invests in nLRP Puffer for Enhanced Ethereum Staking
Binance Labs, Puffer, Ethereum Staking, DeFi, Liquid Restaking, EigenLayer, Blockchain Innovation, Decentralization, Cryptocurrency Investment, DeFi Development
Polygon Co-Founder Proposes zk-Powered ApeChain
A proposal for developing a dedicated Layer-2 chain, ApeChain, to support ApeCoin ecosystem’s growth was made within the ApeCoin DAO community by Sandeep Nailwal of Polygon Labs. The initiative aims to solve scalability issues and promote ApeCoin-integrated projects through a collaborative effort between ApeCoin DAO and Polygon Labs. Estimated at an annual cost of $200,000 funded by ApeCoin DAO, the proposal garnered support as well as raised concerns and queries from the community regarding its financial, technical, and strategic aspects.
Uniswap Labs Hires Former NYSE President Stacey Cunningham as Adviser
Despite the current challenging environment and the associated market uncertainties, crypto firms such as Binance, Kraken, and Polygon have joined Uniswap Labs in driving their recruitment strategies.
KuCoin Labs Rolls Out Incubation Program with Univers Network to Boost Web3 Exploration
KuCoin Labs, the incubation and investment arm of crypto exchange KuCoin, has launched an incubation program with Univers Network to aid the exploration of the Web3 space.
CryptoPunk, Meebits Owners can now Create Commercial Projects With Their NFTs
The announcement comes following Yuga Labs' release of its long-awaited IP licensing deal for CryptoPunk and Meetbits NFT holders.
Terraform Labs co-founder defends against SEC allegations
Do Kwon, co-founder of Terraform Labs, has defended himself against allegations of fraud from the US Securities and Exchange Commission (SEC). Kwon’s lawyers have requested the dismissal of the lawsuit, claiming that the SEC's allegations are unfounded and that US law prohibits regulators from asserting jurisdiction over the digital assets in question. The lawyers also argued that the SEC failed to prove Kwon’s involvement in the collapse of Terra’s stablecoin, UST.
Proposal to Burn 1.3bn UST Tokens Wins Approval from Terra Governance
According to CoinGecko, the total number of tokens to be burnt equals more than 1.3 billion UST or around 11% of the existing 11.2 billion UST supply.
Binance Labs Announces ColLabs: A Web3 Investment Community Platform
Binance Labs has launched ColLabs, an invite-only Web3 investment community, aiming to bridge the gap between venture capitalists, startups, and investors in the Web3 space. The platform combines a blog, newsletter, and Telegram channel for exclusive content and deal-sourcing opportunities.
DWF Labs' Andrei Grachev Fires Back at GSR Cristian Gil
A Twitter feud between Andrei Grachev of DWF Labs and Cristian Gil of GSR.io has ignited discussions about the state of the crypto market and the role of market makers. The public disagreement has even led to a proposition for a "Crypto Fight Night," where the loser would have to leave the crypto markets.
Reddit Community Points Ready for Ethereum Mainnet through Off-Chain Labs
Off-Chain Labs has announced that it has been selected to help bring the Community Points (CP) initiative of the Reddit social media network onto the Ethereum Mainnet.
Yuga Labs to Raise $50m by Launching New NFT Collection "Mecha Apes"
Yuga Labs, the startup that developed the Bored Ape Yacht Club (BAYC) series of NFTs, plans to launch a new NFT series, “Mecha Apes”, by the end of this year.
Binance Labs Launches Season 7 of Incubation Program for Web3 Innovators
Binance Labs invites early-stage Web3 founders to apply for Season 7 of its Incubation Program, offering tailored mentorship and resources.
Wintermute Accuses Near Foundation and Aurora Labs of Failing to Honor USN Redemptions
Wintermute criticizes Near Foundation and Aurora Labs for failing to fulfill USN redemption commitments, resulting in significant unredeemed funds. Seeking legal recourse and remaining adversarial if resolutions fail.
Terraform Labs Co-Founder Indicted for Terra Stablecoin Collapse
Shin Hyun-seong, co-founder of Terraform Labs, has been indicted along with nine other individuals for the collapse of the Terra stablecoin ecosystem. They are accused of fraud, breach of trust, and embezzlement, with illicit profits of nearly $350 million suspected. Prosecutors have seized assets worth a total of $180 million.
Singaporean Police Force Claims Do Kwon is Not in Singapore
The Singapore Police force has made it known that Kwon is not in Singapore. This statement comes after a Spokesperson claimed that Kwon and five other individuals were issued an arrest warrant and were hiding in Singapore to avoid arrest
NBG Georgia Shortlists Ripple Among Tech Firms for CBDC Pilot
The National Bank of Georgia progresses with its Digital GEL Pilot Project, focusing on the exploration of Central Bank Digital Currency (CBDC) technology. Nine technology firms, including Ripple Labs, Inc., have been shortlisted for potential collaboration. The initiative mirrors global trends in modernizing financial infrastructures to meet the digital economy's evolving demands.
Ethena Labs Airdrops $450M in Tokens, Largest Wallet Nets $2M
Ethena Labs has completed a massive $450 million token airdrop, with the top wallet receiving $1.96 million in Ethena tokens as they hit major exchanges.
Metaverse Giants Collaborate to Form DAO Metaverse Alliance
Metaverse developers have collaborated to form the DAO Metaverse called "Open Metaverse Alliance for Web3" (OMA3), aiming to provide enterprises with new decentralized business models.
Mysten Labs Announces Bullshark Quest 2 with 5M SUI Reward Pool
Mysten Labs launches Bullshark Quest 2 on July 28, 2023, offering a 5M SUI reward pool. Open to SuiFrens Bullshark or Capy holders, participants earn points via dApps engagement.
Chainlink Labs Appoints Diem CTO Dahlia Malkhi as CRO
Dahlia Malkhi joins Chainlink Labs to further strengthen its external insight and to help develop research and thought leadership.
Magic Eden Launches Ethereum Marketplace in Alliance with Yuga Labs
Magic Eden debuts its Ethereum marketplace, collaborating with Yuga Labs to uphold creator royalties in the evolving NFT landscape.
SEC Files Motion Against Terraform Labs and Luna Founder Do Hyeong Kwon
The SEC has filed a motion in the United States District Court for the Southern District of New York against Terraform Labs and Do Hyeong Kwon. The commission is seeking the court's permission to notice a deposition from Kwon or to preclude the defendants from using a declaration from him. The defendants have until September 26, 2023, at 12:00 pm to respond.
Terraform Labs and Do Kwon Held Liable for Securities Fraud by NY Jury
erraform Labs and Do Kwon face a guilty verdict for defrauding investors in a landmark case, highlighting the need for regulatory compliance in the crypto market.
Job Cuts at Circle and Dapper Labs: Bear Market Not Over
Even the giants are not immune to market pressures. Recent reports have highlighted significant workforce reductions at two major blockchain companies, Circle and Dapper Labs, despite their substantial fundraising successes.
Binance Labs Clarifies Non-Involvement in SkyArk Chronicles' Claimed Investment
Binance Labs recently clarified its non-involvement in SkyArk Chronicles' claimed $15M investment round, spotlighting the need for factual accuracy and transparent communication in blockchain project investments.
NBA Top Shot Creator Dapper Labs's Flow Launches $725m Blockchain Ecosystem Fund
NBA Top Shot producer Dapper Labs has announced a $725 million eco-fund for Layer 1 blockchain Flow to help grow the flow ecosystem.
Protagonist Establishes $100m Crypto Fund, Supporting Blockchain & Web3 Ecosystems
Protagonist, a Miami-based crypto fund and incubation lab rolled out a $100 million fund to boost emerging blockchain and Web3 networks.
Yuga Labs Files Lawsuit Against Artist Producing BAYC Copycat Collection
Yuga Labs, the blockchain startup behind the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) collection has filed a lawsuit against digital artist Ryder Ripps and several associates for producing a copycat version of Bored Apes
Coinbase Will Likely Delist XRP Token as SEC Files Lawsuit Against Ripple
Coinbase has filed for an IPO and awaits the US SEC's review, the SEC is suing Ripple alleging XRP is security - Will Coinbase delist XRP before the battle even begins?
Firstblock Introduces Firstblock Labs To Support The Next Generation Of Web3 Innovators
FirstBlock, a leading blockchain solutions provider, announces the launch of FirstBlock Labs, a virtual laboratory designed to support and help Web3 startups thrive in the rapidly growing blockchain industry.
Luna Terraform Labs Opts for Chapter 11 Bankruptcy to Counter SEC's Securities Fraud Lawsuit
Terraform Labs files for bankruptcy to appeal against SEC lawsuit, challenging jurisdiction over crypto assets. CEO Amani challenges jurisdiction, affecting cryptocurrency regulation and digital asset classification.
What is MEV Bot?
MEV bots, automated tools in crypto, execute profitable opportunities on networks like Ethereum. They contribute to market efficiency but also pose challenges and risks, including potential hacking.
Binance Labs Invests in AltLayer, KiloEx, Kinza, and Sleepless AI as Part of the MVB Program
Binance Labs invests in AltLayer, KiloEx, Kinza, and Sleepless AI in the MVB Program's sixth season, supporting DeFi, infrastructure, and Web3 gaming.
Prosecutors Investigate Do Kwon with Ponzi Fraud Charges amid Terraform Labs Dissolvement
South Korean Prosecutors are investigating Do Kwon if they will file Ponzi fraud charges against him following the Terra crash.
NFL ALL DAY: Revolutionizing Sports Memorabilia Through NFTs
NFL ALL DAY merges NFL fandom with blockchain, offering a digital platform for collecting and trading NFL moment NFTs.
Interoperability Protocol LayerZero Labs Secures $135m Investment
Decentralized full-chain interoperability protocol LayerZero Labs has secured a $135 million investment co-led by Sequoia Capital, FTX Ventures and Andreessen Horowitz.
Binance Labs Invests in AltLayer, a Leading Decentralized Rollups-as-a-Service Provider
Binance Labs, the venture capital and incubation arm of Binance, has announced a strategic investment in AltLayer, a leading decentralized Rollups-as-a-Service (RaaS) provider for Web3 applications, as of August 9, 2023.
Google Partners With Dapper Labs to Aid the Growth of Web3.0
Google has inked a multi-year partnership with Dapper Labs to help scale the development of Web3.0.
Blockstream Partners with Sevenlabs and Poseidon Group to Launch Decentralized Bitcoin Exchange
Cryptocurrency infrastructure service providers Blockstream, Sevenlabs, and Poseidon Group have partnered to launch XDEX, a decentralized exchange for bitcoin and securities assets, in Switzerland, according to Nasdaq.
XRP is not a Security: Former CFTC Chair Chris Giancarlo Says
Christopher Giancarlo said he believes XRP does not qualify as security as the SEC is alleging, a claim made based on earlier research he has done as the chairman of the CFTC.
Yuga Labs Teases 'Otherside' as its Potential Next Project
Yuga Labs has teased its next project called Otherside which is billed to be launched in April.
MeebitsDAO Manager to Push Meebits Branding for Yuga Labs
Yuga Labs has revealed plans to onboard MeebitsDAO general manager Danny Greene as the new brand lead for Meebits at Yuga Labs.
Uniswap Foundation Announces Grant Recipients for V4 RFPs
The Uniswap Foundation announced the winners of its first round of RFPs for Uniswap V4 on November 1, 2023. The projects include developing a Deposit Liquidity Widget, creating an open-source design package, compiling POC hook developer documentation, and researching malicious hook design space.
NanoLabs sues Coinbase over Nano trademark infringement
NanoLabs, the company behind digital currency Nano, has filed a legal complaint against Coinbase in the California Northern District Court for alleged trademark infringement. The complaint states that Coinbase's Nano Bitcoin futures contract and Nano Ether futures contract products infringe on NanoLabs' trademark rights, causing economic damage and harm to its brand identity. NanoLabs is seeking at least $5 million in damages, an injunction against Coinbase, and forfeiture of all profits made using Nano trademarks.
Mastercard Onboards Ava Labs as Part of Start Path Crypto Program
American payment services firm Mastercard has onboarded Avalanche blockchain creator Ava Labs as part of its Start Path Crypto Program.
Blockchain Startup Contribution Labs Raises $3M through Equity Sale
Contribution Labs, a Web3-focused startup backed by Alchemy, a pioneer in the blockchain developer platform, raised $3 million through an equity sale.
Bored Ape Yacht Club Enters the Movie Scene, Pairing with Coinbase
Seen as the face of the non-fungible token (NFT) market, the Bored Ape Yacht Club (BAYC) has entered the silver screen based on a series of animated short films called “The Degen Trilogy.”
Do Kwon's Fate Remains Uncertain, Prosecutors Completed 'Search and Seizure' Raid
Do Kwon is still under the lens of South Korean regulators as investigations into Terraform Labs and the collapse of the firm’s first tokens, LUNA and UST.
Blockchain Can Improve Climate Crisis through Smart Contracts, Study Shows
Climate change is considered a desperate issue in modern times. Blockchain technology is believed to act as a stepping stone towards addressing economic complexities and interoperability when transiting to renewable energy, study shows.
South Korea seizes $104M from Terra's co-founder on unjust earnings.
South Korean authorities froze approximately $104.4 million (140 billion won) from co-founder Shin Hyun-seong based on suspicion of unfair profits. The decision to freeze Shin's asset worth over $104 million was approved by the Seoul Southern District Court. The claim related to Shin's involvement in selling pre-issued Terra tokens to unwary investors.
Uniswap Labs Unveils New Venture Capital Unit Focused on Web3 Projects
Uniswap Labs Ventures seeks to become a catalyst for the new web3 economy by supporting innovative and disruptive firms that are creating new financial applications and concepts.
Binance Labs Funds Delphinus Lab's zkWASM VM for Web3 Evolution
Binance Labs invests in Delphinus Lab's pioneering zkWASM VM, aiming to boost the Web3 app landscape with enhanced privacy and efficiency.
Case against Do Kown is "highly politicized": Terraform Labs
Terraform Labs believes South Korean prosecutors have "highly politicized" the case against founder Do Kown after he was issued with an arrest warrant.
Binance Labs to Establish a Web3 Developer Community
On September 9, Binance’s official Twitter announced that its Binance Labs is planning to build a Web3 developer community, but the specific information has not been disclosed.
LUNA and UST Crash Could Have Been Averted if Bitcoin Reserves were Used Earlier, Binance CEO Says
The collapse of LUNA and UST, the native tokens of the Terra network, could have been avoided if the Luna Foundation Guard (LFG) had used its Bitcoin reserves earlier, according to Binance CEO Changpeng Zhao (CZ).
Terraform Labs Sues US SEC for Illegally Issuing a Subpoena on its CEO
Terraform Labs, the Singapore-based blockchain startup behind the Terra protocol has filed a lawsuit against the United States Securities and Exchange Commission for allegedly issuing an illegal Subpoena on its Chief Executive Officer.
SEC Seeks $5.3B Judgment Against Terraform Labs and Do Kwon
The US Securities and Exchange Commission (SEC) has filed a motion for billions of dollars in disgorgement and civil penalties against Terraform Labs and co-founder Do Kwon. The SEC is seeking $4.7 billion in disgorgement and prejudgment interest, along with $520 million in civil penalties. Terraform and Kwon have proposed lower penalties, and the SEC is also considering additional measures to prevent future violations.
Second Circuit Court Order's Terraform Labs and Do Kwon to Comply With SEC's Subpoena
The 2nd US Circuit Court of Appeals has upheld a ruling that compels blockchain startup Terraform Labs and its co-founder Do Kwon to comply with a September 2021 Subpoena that served him at a New York Conference.
Trezor Hires Jan Andrascik as Chief Information Security Officer
In the new role, Jan Andraščík is tasked with protecting SatoshiLabs’ data, systems, and physical security.
Interpol Issues Red Notice for Terra's Kwon
Terraform Labs co-founder has been issued with a red notice from Interpol, prosecutors in South Korea claim, according to a report from Bloomberg.
Terraform Labs CEO Sent $7 Billion to Law Firm Before Ecosystem Collapse
South Korean prosecutors confirmed that Terraform Labs CEO Do Kwon sent $7 billion to a top South Korean law firm, Kim & Chang, right before the collapse of the Terra ecosystem. The prosecutors believe that Kwon's decision to send the funds was a deliberate move that allegedly reaffirmed his awareness of the impending collapse and anticipated legal problems. The information is expected to help in the ongoing fraud case against Kwon and his associates.
Rated Labs Secures $12.888 Million in Series A Funding
Rated Labs, known for its Ethereum explorer and API services, has secured $12.888 million in Series A funding led by Archetype. The company plans to use the new capital to expand its services to multiple Layer 1 blockchain networks and enhance its existing product line.
Do Kwon Tweets "Not on the Run", Willing to Disclose Location
Terraform Labs' founder claimed that he is not on the run but in "full cooperation" with government agencies interested in communicating.
Fox Renews Dan Harmon Krapopolis for Third Season Amid NFT Tie-Up
Fox has renewed the animated comedy series, Krapopolis, for a third season before its first season even airs. Produced by Fox Corp’s NFT firm Blockchain Creative Labs, the show features NFTs called “Krap Chickens” that depict cartoon chicken avatars in the same art style as the show, and holders are given exclusive access to experiences, content, rewards, and voting rights on certain aspects of the show. In other NFT-related news, Baobab Studios sold out its first collection of 8,888 NFTs just nine hours after launch, and Flare welcomed its first NFT platform after Sparkles went live. Additionally, Square Enix’s NFT-friendly CEO, Yosuke Matsuda, is stepping down after nearly 10 years at the helm.
Jump Crypto Enters Confidential Phase in SEC vs. Terraform Labs Case
Jump Crypto has been granted access to confidential documents in the SEC vs. Terraform Labs case, allegedly implicating them in the TerraUSD devaluation and Terra's collapse.
Atmos Labs Pulls $11m in Seed Round to Bolster Metaverse Development
Atmos Labs Inc, a metaverse gaming protocol, has raised the sum of $11 million in seed funding, as it looks to double down on its metaverse development push.
Cosmic Guild Secures $1.5M in Seed Funding Led by Binance Labs
Metaverse gaming platform Cosmic Guild raised a sum of $1.5 million in seed funding led by Binance Labs - the investment and innovation incubation arm of Binance.
Terraform Labs Co-Founder Do Kwon Appeals Extended Detention
Terraform Labs co-founder Do Kwon will appeal the Montenegrin court’s decision to extend his detention time for up to 30 days. Kwon was caught using fake documents at the airport and was detained due to the high possibility of escape.
JPMorgan Conducts Strategic Investment to Blockchain Firm TRM Labs, Expanding Crypto Business
Financial tycoon, JPMorgan Chase (JPM), said it is making a "strategic investment" in San Francisco-based blockchain intelligence platform TRM Labs, aiming at expanding the crypto business.
Sablier Labs Secures $4.5M Seed Funding to Revolutionize Token Streaming
Sablier Labs announces a successful $4.5M seed funding round led by prominent crypto investors to enhance its innovative token distribution platform.
Yuga Labs Sets Up BAYC Community Council to Boost Innovations
The council brings together seven long-standing community members that have a proven track record of supporting the collection.
Singapore authorities investigate Terraform Labs
Singaporean police have launched an investigation into Terraform Labs, the company co-founded by Do Kwon, who was accused of fraud by the US Securities and Exchange Commission (SEC) last month. The SEC has alleged that Kwon laundered over $100m worth of bitcoin, which he had removed from the Terra platform, and converted to fiat.
Binance Labs Wraps Up Incubation Season 6 with Strategic Investments in Seven Blockchain Startups
Binance Labs concludes its sixth incubation season, investing in seven early-stage projects across DeFi, infrastructure, and AI-powered DApps, signaling strong support for innovative Web3 solutions.
Yuga Labs: The Conglomerate of NFT Marketplaces and Digital Collectibles
Explore the influential role of Yuga Labs in shaping the NFT landscape with its array of popular collections like BAYC and Cryptopunks
Yuga Labs Raises $450m to Build Media Empire Around NFTs: Report
Yuga Labs, the blockchain startup behind the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) project has raised the sum of $450 million in funding from investors led by Andreessen Horowitz (a16z).
SEC Agrees to Delay Terraform Labs Trial, Awaiting Do Kwon's Extradition
The SEC has postponed the trial of Terraform Labs and Do Kwon, pending Kwon's extradition to the US, for a $40 billion cryptocurrency fraud.
Bored Ape Yacht Club Creators Launch Bitcoin NFT Collection
Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC), have launched a new collection of 300 tokenized computer-generated artworks on Bitcoin called TwelveFold. The collection is based on mathematics, time, and the Bitcoin blockchain. The announcement comes amidst falling search interest for NFTs, however, trading volume data for February indicates the market is still strong. In other news, the Golden Key NFT, won by Twitch streamer Mongraal in a Dookey Dash competition hosted by Yuga Labs, has been sold for 1,000 Ether to BAYC NFT hodler Adam Weitsman. Polygon Foundation has partnered with Lotte Group to host the conglomerate's NFT projects on its Ethereum layer 2 scaling network Polygon, and intends to develop its Web3 initiatives in partnership with Polygon. Finally, a group of Japanese tech companies have agreed to forward the creation of the Japan Metaverse Economic Zone and an open metaverse infrastructure called "Ryugukoku."
MAS Insists Terra, 3AC Unlicensed to Operate in Singapore
Ravi Menon, the managing director of the Monetary Authority of Singapore, indicated that crypto entities like Terraform Labs, the Luna Foundation Guard and Three Arrows Capital are unlicensed by MAS in Singapore.
Binance Labs invests in Babylon to foster Bitcoin staking
Binance Labs invests in Babylon to foster Bitcoin staking, marking a significant evolution in Bitcoin's utility and PoS blockchain security.
Utopia Labs Raises $23m in Series A Led by Paradigm Capital
Utopia Labs, a Decentralized Autonomous Organization (DAO) management startup has announced it has raised $23 million in a Series A funding round led by Paradigm Capital.
Bitfinex, Ava Labs raise $10M for DeFi technology amid market turmoil
Onomy, a Cosmos-based ecosystem, raised millions for its innovative protocol. The project mixes decentralized finance and FX to put it on-chain. Industry forecasts predict another challenging year while keeping investors interested.
Yuga Labs Launches TwelveFold: Bitcoin Based Generative Art
Yuga Labs has launched TwelveFold, a 300-piece generative art collection on the Bitcoin blockchain. The project uses the Ordinal Theory protocol to locate inscribed satoshis, with participants submitting puzzle answers through various wallets. The technology, "inscribing," is a significant step in NFT evolution.
Terraform Labs Co-Founder Argues Against SEC Lawsuit
Terraform Labs co-founder, Do Kwon's lawyers have argued in court against the SEC's lawsuit for illegally offering unregistered securities. The lawyers claim the SEC's acquisitions are unfounded and that the stablecoin in question is a currency, not a security. Additionally, Kwon's arrest and subsequent extradition remain uncertain.
Not Larva Labs Founder Pauly: Pepe Coin Announcement is 100% Bullshit
After $PEPE's official statement on unexpected token transfers, Pauly claims the announcement is "100% bullshit", while others question its accuracy.
Blockchain Labs and HashKey Capital Launch Future3 Campus, a Web3.0 Innovation Incubator
Blockchain Labs and HashKey Capital have announced a joint initiative to establish Future3 Campus, a Web3.0 innovation incubator aimed at promoting the global Web3.0 ecosystem.
Noah Davis Quits Christie's To Join Rival NFT Marketplace Yuga Labs
Noah Davis has entered a new phase in his career. Yuga Labs has hired Davis from auction house Christie’s. Davis announced he is pleased to be joining Yuga Labs as sales project lead.
TRM Labs Hires Ex-Deputy US Attorney as General Counsel
TRM Labs made the appointment as it seeks to ramp up its compliance expertise amid increasing regulatory scrutiny of the crypto market.
Binance Appoints Co-Founder Yi He to Lead $7.5B Venture Arm
Cryptocurrency trading platform Binance has appointed co-founder Yi He to lead Binance Labs, its $7.5 billion venture capital arm.
Binance Completes Woo Network's Series A+ Round with $12M Investment
The latest funding announcement comes from Binance Labs, the VC arm of Binance cryptocurrency exchange, which said it backed Woo Network with $12 million in its Series A+ round.
AI Breakthrough: Devin, the Self-Programming Software Engineer, Raises Eyebrows in Tech
Cognition Labs' Devin AI, capable of autonomously coding and solving complex software tasks, ignites debate over the future of software engineering.
Zksync 2.0 Goes Live, Promises Lower Gas Fees, Faster Transactions on Ethereum Mainnet
ZkSync 2.0 is a Layer 2 solution working to scale Ethereum.
South Korean prosecutors trace millions in illicit funds tied to Terra co-founder
South Korean prosecutors have identified $314.2 million in illicit assets linked to Do Kwon and Terraform Labs. Kwon reportedly converted most of the funds into Bitcoin using overseas exchanges, making it difficult for the authorities to recover the assets. Terra experienced a $40 billion collapse in May 2022 due to fraud, with Kwon at the epicenter. Kwon was recently caught by authorities in Montenegro after evading arrest for nearly a year.
Mysten Labs of Sui Blockchain Hacked on Discord
Mysten Labs has confirmed that the contents stored in its Discord server has been hacked.
Yuga Labs Hires Former Rally Executive Chris Fortier as VP of Products
Yuga Labs, the developer of the Bored Ape Yacht Club, has hired VP of Product at financial software firm Rally Chris Fortier as its VP of Product.
More Troubles for Do Kwon as S. Korea Levies $78M Tax Evasion Fine
Terraform Labs is currently being charged with tax evasion fraud by the South Korean National Tax Service, a move that complicates matters for the startup that is trying to salvage its collapsed ecosystem
Yuga Labs Appoints Former Activision Blizzard COO as CEO
Yuga Labs has hired former Activision Blizzard COO, Daniel Alegre, as its new CEO. Alegre will lead the NFT startup that created the Bored Ape Yacht Club and CryptoPunks collections, following his departure from Activision Blizzard. His arrival is seen as a significant move for the NFT industry.
Pahdo Labs Secures $15M Series A Funding led by a16z
New York-based game development studio Pahdo Labs has raised $15M in a Series A financing round, with participation from Pear VC, BoxGroup, Long Journey Ventures, Neo, and Global Founders Capital. The company, founded in 2021, focuses on creating multiplayer video games and is launching its upcoming project, "Halcyon Zero," in September. The game, built on the Godot Engine, combines anime aesthetics and action role-playing, allowing players to craft their own worlds.
Nova Labs Partners with T-Mobile To Rollout Crypto-Powered 5G Service
Nova Labs and T-mobile establish a five-year partnership that will see them launch a new 5G wireless service called Helium Mobile that aims to offer crypto rewards to users.
South Korean Court Denies Arrest Warrant for Terraform Labs Co-Founder
A South Korean court denied a request for an arrest warrant for Terraform Labs co-founder, Shin Hyun-Seong, citing unconfirmed allegations and the unlikelihood of Shin being a flight risk. Shin currently faces multiple fraud charges and is accused of hiding risks associated with investing in Terraform Labs' in-house tokens. The recent arrest of Terraform Labs' other co-founder, Do Kwon, has led to extradition requests from both the United States and South Korea.
Web3 Gaming Firm Planetarium Labs Raises $32m in Series A Funding
Singapore-based web3 gaming firm, Planetarium Labs raised $32 million in Series A funding led by Animoca Brands.
MTV Awards Feature Eminem and Snoop Dogg as Bored Apes
The push into the metaverse is taking a new turn for the positive as the duo of Snoop Dogg and Eminem performed in the metaverse at the MTV Music Video Awards on Sunday.
Uniswap Labs Rakes in $165M in Series B as Valuation Hits $1.66B
Uniswap Labs has landed the sum of $165 million in Series B funding as it looks to focus on the release of new products
South Korean Prosecutors Arrest Key Do Kwon's Aid
South Korean prosecutors in charge of the Terraform Labs case have arrested a major employee of the embattled blockchain startup named ‘Yoo’.
S. Korean Exchanges to be Held Accountable for LUNA Crash
According to the latest reports from local media platform Newspim, the top cryptocurrency exchanges are now likely to be held accountable for failing to implement measures to protect investors from the crash.
LUNA Do Kwon's Trial Postponement Request Amid Extradition Delays
Terraform Labs co-founder Do Kwon requests postponement of his U.S. trial, scheduled for January 29th, to mid-March due to extradition challenges in Montenegro. The SEC filed fraud charges against Kwon in February 2023, related to the collapse of TerraUSD and LUNA tokens.
Health Concerns Arise at ApeFest 2023: Investigation Links Symptoms to UV-A Lighting
Yuga Labs has investigated health issues following ApeFest 2023, identifying UV-A lights as the probable cause. Those affected are advised to seek medical advice and contact Yuga Labs for support.
South Korean Court Clears Former Terraform Labs CEO of Security Violations
A South Korean court dismissed charges of security violations against former Terraform Labs CEO Hyun-seong Shin, ruling that LUNA is not a security under the country's Capital Markets Act. The court rejected the prosecution's appeal for confiscation of Shin's properties and arrest, and stated that Luna is not a financial investment product regulated by the act. However, the prosecution has appealed to the Supreme Court against the verdict of the lower district court.
Dapper Labs Restricts Russian-based NFT Accounts, Abides by EU Sanctions
Dapper Labs said it is complying with new sanctions approved by EU member states amid Russia’s continued escalating conflicts in Ukraine.
Metis Proposes Migration to Ethereum Mainnet for Enhanced Data Availability
Metis, an Ethereum Layer 2 network, has proposed migrating its data availability back to the Ethereum mainnet. The move aims to simplify the launch of a decentralized sequencer pool and enhance data availability. The proposal is open for community feedback and will be subject to a Snapshot vote.
NEAR and Polygon Partner to Launch zkWASM
NEAR Foundation and Polygon Labs are collaborating on zkWASM, a zero-knowledge prover for WASM blockchains, to enhance interoperability with Ethereum and improve scalability and decentralization.
CryptoPunks Now the Most Trading NFT Collection amid Rising Floor Price
This rising trend has, in particular, favoured the CryptoPunks NFT Collection which is now ranked number 1 of the most traded of all collections.
Binance CEO Estimates that the Firm May Spend Over $1B on Deals by the End of 2022
Changpeng Zhao, the CEO of global leading digital-asset platform Binance has announced that the firm may spend more than $1 billion on investment by the end of 2022
Polygon Labs Announces Downsizing, Cuts 19% of Workforce
Polygon Labs has laid off 19% of its team, reducing operational efficiency. CEO Marc Boiron emphasized the decision for agility in the blockchain sector. The company also announced a 15% compensation increase and Polygon ID project spin-off.
Irreverent Labs Raises $40m in Funding, Led by a16z
Seattle startup Irreverent Labs has once again raised $40 million in funding led by Silicon Valley heavyweight investment firm a16z.
Why Multicoin Capital Invested $5.7M in Squads Labs
Multicoin Capital discloses a $5.7 million investment in Squads Labs, bolstering the multisig standard on Solana. The funding accelerates Squads' blockchain-native custody infrastructure, spotlighting major upgrades like SquadsX and Squads (v4), which are set to redefine self-custody and on-chain capital coordination.
DeFi Protocol Morpho Labs Raises $18m
DeFi protocol Morpho Labs has secured an $18 million funding round co-led by Andreessen Horowitz (a16z) and Variant.
Jimmy Fallon Fights Subpoena in NFT Legal Battle
Lawyers for Jimmy Fallon have filed a petition to quash a subpoena requiring him to testify in the Yuga Labs Inc. v. Ripps et al. case, stating that he has no connection to the dispute. Meanwhile, Getty Images has partnered with NFT platform Candy Digital to offer rare photos in NFT form, starting with photographs from its 1970s music and culture collection. The NFT market is experiencing growth, with marketplace volume increasing for the fourth consecutive month in February. To provide more comprehensive insights into the NFT economy, Forkast Labs has launched a series of NFT indexes, including the Forkast 500 NFT index that measures performance across 21 blockchains.
Ethereum Layer-2 Offchain Labs Raises $120M Led by Lightspeed Venture Partners
Offchain labs raised $120 million led by Lightspeed Venture Partners in its Series B financing Tuesday, aiming to expand Ethereum contracts to meet the growing demand for Ethereum transactions.
Web3 Startup Mysten Labs Seeks $200m in Series B Financing, Closing Valuation at $2B
Mysten Labs, a crypto startup founded by former Meta executives, is closing a Series B round that could value the company at $2 billion. Reportedly, the company is seeking at least $200 million in funding.
Yann LeCun Reflects on the Impact of DjVu and Open-Access Publications in Machine Learning
Yann LeCun's DjVu format significantly influenced open-access in the machine learning community, facilitating the distribution of high-resolution scanned documents online and promoting collective power in intellectual property negotiations.
South Korea's Police Agency Requests INTERPOL's Assistance for Extradition of Terra's Do Kwon
South Korea intensifies efforts to extradite Terraform Labs CEO Do Kwon by seeking INTERPOL's cooperation after a Montenegrin court rejects U.S. extradition.
Crypto Fugitive Kwon Denies Hiding from Authorities
Do Kwon tweeted "yeah as I said I'm making zero effort to hide. I go on walks and malls, no way none of CT hasn't run into me the past couple weeks," denying running away from the authorities.
DWF Labs to Invest $10 Million in TokenFi Tokens Over Two Years
DWF Labs to invest $10 million in TokenFi tokens over two years, deepening partnership and supporting TokenFi's vision to dominate the $16 trillion tokenization industry by 2030.
Oracle Red Bull Racing Teams Up with Mysten Labs for Blockchain Engagement via Sui Platform
Oracle Red Bull Racing has partnered with Mysten Labs to launch the Oracle Red Bull Racing Validator on Sui, their official blockchain. This move aims to enhance fan engagement and ensure only valid data is added to the blockchain.
Terraform Labs (Luna) Co-Founder Pleads US Court to Dismiss SEC's Fraud Allegations
Terraform Labs and co-founder Do Kwon are defending against fraud and securities allegations by the U.S. SEC, arguing their cryptocurrencies are not securities, amidst a wider legal battle between crypto firms and regulators following the Terra ecosystem's $40 billion downfall in 2022.
Sportium Announces Strategic Partnership with Dapper Labs
Sportium has announced the successful close of investment from Dapper Labs with both signing an MOU as they both pursue a strategic partnership in helping Sportium fulfil its potential.
South Korean Regulators Order Seizing 3313 BTC Linked to Do Kwon
The South Korean regulators have issued a directive to KuCoin and OKX to freeze the total of 3,313 Bitcoins worth approximately $67 million linked to Do Kwon.
Synthetix Secures $20M Investment from DWF Labs
Synthetix has secured a $20 million investment from Web3 investment and quantitative trading firm DWF Labs. The partnership will see DWF Labs tasked with increasing SNX token liquidity and market making across centralized and decentralized exchanges, with Synthetix’ perpetual futures integrated into DWF Labs’ trading business.
SEC Ties Terraform Ruling to Binance in Securities Violations and Deceptive Practice Case
SEC links Terraform Labs ruling to Binance case, alleging unregistered securities offerings and deceptive practices in crypto trading.
North Korean Crypto Thefts in 2023: A $700 Million Cyber Menace
North Korean groups were linked to 33% of 2023's crypto thefts, stealing up to $700M. Their methods evolved, involving crypto mixers and converting assets to Tether or Tron, highlighting the ongoing cyber threat from DPRK.
PancakeSwap’s Native Token Once Surged by Nearly 10% after Binance Labs Sets Foot in Ecosystem
After Binance Labs established a strategic investment in PancakeSwap, the network’s utility and governance token, CAKE, has once soared by nearly 10%.
DWF Labs Renews Collaboration with DMCC to Propel MENA Blockchain Ecosystem Forward
DWF Labs, a leading research organization, has announced the renewal of its partnership with DMCC, the world's flagship free zone and Government of Dubai Authority on commodities trade and enterprise. This collaboration aims to drive innovation and growth within the MENA region's blockchain ecosystem, with a focus on supporting early-stage startups and providing access to global venture capital.
Australia Zoo Rolls Out NFT Project to Pay Tribute to Wildlife Warriors’ Conservation Efforts
To celebrate the 20th anniversary of Wildlife Warriors’ role in protecting injured, threatened, or endangered wildlife, Australia Zoo has launched an NFT project to raise funds and awareness to protect Australia’s wild places and wildlife.
DWF Labs Co-founder Andrei Grachev Announces Financial Partnership with DMCC
Andrei Grachev, co-founder of DWF Labs, announced a financial partnership with DMCC, supporting firms transitioning to Dubai DMCC. This announcement, juxtaposed with Grachev’s recent Twitter feud with GSR.io's Cristian Gil, highlights the competitive and cooperative facets of the crypto market landscape, and the challenges and opportunities DWF Labs encounters in its journey.
Yield Protocol and Utopia Labs Announce Wind-Down
Yield Protocol and Utopia Labs have recently disclosed the cessation of their current operations due to various factors. While Yield Protocol cites inadequate demand for fixed-rate borrowing and regulatory hurdles, Utopia Labs is pivoting away from its existing product, though it remains upbeat about the crypto sector.
Terraform Labs CEO Asks for Dismissal of SEC Charges
Do Kwon, CEO of Terraform Labs, has requested the dismissal of charges filed by the SEC, arguing that the claims are invalid and that the agency lacked proper jurisdiction. Kwon's counsel stated that Terra's tokens and projects were not specifically targeted at U.S. investors. The South Korean district court previously dismissed security violation charges against the co-founder of Terraform Labs, Hyun-seong Shin, deeming LUNA as non-security under Korea’s Capital Markets Act.
Three Bored Ape Owners Sue OpenSea over Security Loophole of Stolen NFTs
Three Bored Ape Yacht Club (BAYC) Non-Fungible Token owners are suing leading NFT trading platform OpenSea for the loss of their NFTs on the exchange.
Binance Labs Invests in Memeland's MEME Token: Here is Why
Binance Labs invests in Memeland's MEME Token, bolstering SocialFi and meme culture, sparking significant market interest and growth.
DeFi Exchange Developer Uniswap Labs Under Investigations by The US SEC
The US SEC is investigating the world’s largest decentralized finance exchange, Uniswap. The move is part of the regulator’s wider efforts to monitor and regulate DeFi projects.
Blockchain Intelligence Startup TRM Labs Raises $14M Investment Round from PayPal & Salesforce
San Francisco-based blockchain intelligence platform TRM Labs announced the company completes a Series A funding with a total value of $14 million on June 17.
Did Coinbase CEO Steal a Blockchain Startup's Work? This Lawsuit Alleges so
Brian Armstrong is currently being accused of stealing the works of blockchain startup MouseBelt Labs, both of whom invested in Knowledgr, an academic research platform designed to reward participants in cryptocurrencies.
DWF Labs Invests $60 Million in EOS Network
DWF Labs, a digital asset market maker, has announced an investment deal worth over $60 million with the EOS Network Foundation. The deal includes a $45 million EOS token purchase agreement and a $15 million pledge to invest in businesses and projects based on EOS. The alliance aims to expedite the expansion and acceptance of the EOS Network, particularly with the launch of its enterprise-grade EOS Ethereum Virtual Machine.
Solidus Labs Reports $2 Billion in Wash Trades on Decentralized Exchanges
Solidus Labs has revealed that at least $2 billion worth of cryptocurrency has been wash-traded on Ethereum-based decentralized exchanges (DEXs) since 2020. The study analyzed 30,000 DEX liquidity pools, finding 67% were tainted by wash traders. Solidus Labs has developed tools to identify and counteract market manipulation, including Token Sniffer and DEX-based A-A Wash Trading Detection. The partnership aims to ensure safe crypto trading across both centralized and DeFi markets.
FTX Ventures Leads $300m Series B Funding for Mysten Labs
Mysten Labs, the startup behind the highly hyped Sui blockchain protocol, has raised $300 million from top investors in the Web3.0 ecosystem.
Offchain Labs's Arbitrum Stylus Goes Live
Offchain Labs has released the public testnet and code for Arbitrum Stylus, an open-source framework for smart contracts on Arbitrum Nitro chains. The SDK offers 10x improvement in computational speed and 100x improvement in memory efficiency, reducing gas costs and improving smart contract security.
Cardano stablecoin shutters following launch delays
Ardana suspended work on Nov. 24, citing "funding and project timeline uncertainty" Ardana Labs will hold leftover money for the open-source initiative. Ardana's DANA tokens lost 99.85% of their value last year.
What is Ripple (XRP)?
Founded by RippleLab’s Chris Larsen and Jed McCaleb and released in 2012, Ripple is a global payment system that leverages open-source distributed ledger technology.
Binance's MVB Accelerator Program Collaborates with CMC Labs to Launch Innovative Founder Track
Binance's MVB Accelerator Program and CMC Labs are collaborating to launch a new Founder Track, aiming to incubate 100 innovative projects on BNB Chain and support Web3 builders.
Arbitrum Foundation and Fracton Ventures Ally to Boost Arbitrum Adoption in Japan
The Arbitrum Foundation has formed a strategic partnership with Fracton Ventures to launch Arbitrum Japan, aiming to accelerate blockchain technology adoption and expand the Arbitrum ecosystem in the country. This alliance is poised to generate new business avenues, especially in finance and entertainment sectors, and bolster community engagement through educational initiatives.
Yuga Labs' Otherdeeds Sold Out as the Startup Cashes in Over $320M
Yuga Labs, the blockchain startup in charge of the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) collection and ecosystem has made history yet again with the successful sales of Otherdeeds, the gateway to the Otherside metaverse announced back in March
Terraform Labs CEO Sends Millions to Law Firm Before Collapse
Terraform Labs CEO, Do Kwon, sent millions to a South Korean law firm right before the company's collapse. Prosecutors believe Kwon's actions were deliberate and prove his awareness of the impending collapse and anticipated legal problems. Kwon is currently facing extradition to both the United States and South Korea, and prosecutors suspect he converted illegal funds from Terra to Bitcoin. Prosecutors have identified over $314 million in illicit assets associated with Kwon and his associates.
Floki Enters the Tokenization Arena with TokenFi Launch
Floki announces the launch of TokenFi, a platform designed to simplify the tokenization process in the expanding tokenization industry, projected to hit $16 trillion by 2030. The platform, backed by significant partnerships and with a strategic plan to ensure a smooth launch, reveals a larger roadmap set for October 27, 2023, with trading beginning at 3 PM UTC. The strategic moves include partnerships with DWF Labs and World Table Tennis, aligning with the industry's growth trajectory.
Bored Ape Yacht Club NFT Discord Compromised Again with 200 ETH Carted Away
The Discord server of the iconic Non-Fungible Token (NFT) project, Bored Ape Yacht Club (BAYC) has been exploited again as criminals gain access to the manager’s profile to post fake mint links
Animoca Brands to Bring Football to the Blockchain in Partnership With OneFootball
Animoca Brands, one of the biggest names in the gaming and metaverse world, has unveiled its partnership with OneFootball, and Liberty City Ventures to establish OneFootball Labs as a Joint Venture between the trio.
Ethereum’s Medalla Experiences Critical Bug, but Prysmatic Labs Says ETH 2.0 Launch Is Unaffected
One of the top client teams staking on Ethereum 2.0 testnet announced that the crash that recently occurred was a learning experience and was salvaged.
McAfee Labs Threat Report Shows Concern for Cryptojacking and Blockchain Security Issues
In August 2019, McAfee Lab released a threat report with conclusive statistics stating cryptojacking being an area of concern.
Lawsuits against Ripple Grow as XRP Investor in Florida Sues Firm
The SEC lawsuit is not the only complaint that Ripple Labs is currently facing over XRP.
Ripple’s “Bombshell Argument” in Pretrial Court Hearing with SEC May Tip the Scale in its Favour
The highly anticipated pretrial hearing between Ripple Labs and the Securities and Exchange Commission unfolded yesterday.
Legitimacy of SEC Clampdown on XRP Cryptocurrency Questioned by TechCrunch, but will Tether be Next?
The founder of TechCrunch Michael Arrington discussed the Securities and Exchange Commission’s lawsuit against Ripple Labs over XRP.
Ethereum's Vitalik Buterin Thinks Mining Monero on HTC Phones is a “Fool’s Game”
Ethereum co-creator has downplayed the partnership between HTC and Midas Labs, which enables Monero mining on mobile phones.
CIA Eyes Blockchain Technology with New Research Lab
US Central Intelligence Agency has rolled an in-house R&D arm dubbed CIA Labs to scale up technological and scientific breakthroughs for future intelligence challenges.
SEC Arguments against Ripple for XRP Case Are Weak, says Law Official
With the pretrial for the SEC lawsuit against Ripple Labs looming, a joint letter has been presented by both parties to lay out arguments for the case.