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“Even with the proofs available, it really is contingent on someone in the network actually generating a proof,” said Kenny Li, a co-founder of Manta to CryptoX. “There's that long delay on the withdrawal side, which, users are kind of impatient, as they should be. It's their assets.” Source
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Terraform Labs, founded by Do Kwon, has once again accused Citadel Securities of deliberately causing the depegging of its TerraUSD (UST) stablecoin in 2022. On Oct. 10, the company filed a motion in the United States District Court for the Southern District of Florida to compel Citadel Securities to release documents
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TRM Labs has announced that it has acquired Bitcoinabuse.com, a popular platform for reporting crypto scams. The acquisition will enhance Chainabuse, the world’s largest destination for reporting malicious crypto activity, which TRM Labs powers. Chainabuse is a community-driven platform that allows anyone to report and check crypto scams, such as phishing, ransomware,
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Do Kwon-founded Terraform Labs has again pointed the finger at market maker Citadel Securities for its role in an alleged “concerted, intentional effort” to cause the depeg of its stablecoin in 2022.On Oct. 10, Terraform Labs filed a motion in the United States District Court in the Southern District of
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Other notable names included in the Series A round were Flow Traders, QCP Capital, Two Sigma Ventures, Electric Capital, Jump Crypto, QCP Capital, GSR Markets, Belvedere Trading, and Framework Ventures. Oct 11, 2023 at 1:00 p.m. UTCUpdated Oct 11, 2023 at 1:05 p.m. UTCMembrane Labs raises $20M
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Yuga Labs, creator of the popular non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), has carried out some company restructuring that will see the laying off of some team members. Yuga Labs CEO Daniel Alegre announced the news in an email sent to the staff which was published on the
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According to Founder and CEO Ben Leventhal, the amount raised will be focused on scaling the firm’s operations. Blackbird Labs, the team behind Web 3.0 restaurant loyalty platform Blackbird has completed a $24 million Series A funding round. According to a report by TechCrunch, the round was led by Andreessen Horowitz
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Astera Labs closed its series D funding round in November last year with $150 million at a valuation of about $3.15 billion. Santa Clara, California-based semiconductor connectivity solutions firm, Astera Labs Inc has appointed Morgan Stanley (NYSE: MS), and JPMorgan Chase & Co (NYSE: JPM) as the lead underwriters for its
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BLOCKCHAIN BAKE-OFF! In July, when the smart-contracts blockchain Celo proposed to ditch its independent “layer-1” status in favor of becoming a layer 2 network atop Ethereum, the people behind the project may have had little inkling of just how popular they would become. Now there’s suddenly a burst of competition
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