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Over 20,000 crypto tokens have been manipulated via decentralized exchange (DEX) wash trading in the last three years, according to market surveillance firm Solidus Labs.In the second part of its 2023 Crypto Market Manipulation Report released Sept. 12, Solidus said among a sample of 30,000 Ethereum-based DEX liquidity pools, nearly
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The U.S. Securities and Exchange Commission has submitted a filing urging the court to grant its motion to appeal a ruling from the Ripple Labs lawsuit that deemed that XRP was not a security when sold to retail investors. The agency argued that there are “knotty legal problems” surrounding the
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The Korean company Mirae Asset Securities has closed a partnership with Polygon Labs, focusing on the growth of tokenized securities networks. Under the partnership, Polygon Labs will work as a Mirae Asset Security Token Working Group consultant.Both companies will put joint efforts into constructing the infrastructure for tokenized securities platforms.The partnership’s
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In a Sept. 6 post on X, Lookonchain pointed out that Polygon Foundation had transferred millions of dollars worth of MATIC, their native token, to Binance, the world’s largest crypto exchange. Such transfers are often interpreted as bearish. However, Sandeep Nailwal, the founder of Polygon Labs, has since denied this
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Both games incorporate Web3 innovations such as self-balancing tokenomics and dynamic guild warfare systems, giving top guilds the power to influence in-game resources and rewards. In an announcement during the ongoing Korea Blockchain Week (KBW), which started on September 4, Planetarium Labs, a leading Web3 gaming company, has unveiled two innovative
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Several traditional finance giants, including Franklin Templeton and Hamilton Lane, a top-tier investment firm with over $823.9 billion in assets under management, have already initiated tokenization projects on Polygon. The Monetary Authority of Singapore's experimental tokenization initiative, Project Guardian, executed foreign exchange and sovereign bond transactions on Polygon last year. Source
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The United States’ legal system is set to bring the crypto industry “back in the game” after the Biden administration “screwed up” its crypto policy, says Ripple Labs chair and co-founder Chris Larsen.Speaking to Bloomberg on Sep. 7 about his firm’s July partial win against the Securities and Exchange Commission,
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Web3 startup accelerator Cronos Labs has launched the third cohort of its accelerator program, which aims to support early-stage projects by providing funding opportunities and mentorship. The scheme is backed by $100 million in investment that will be used to support crypto startups.In an announcement sent to Cryptox, Cronos Labs
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Coinciding with the commencement of Korea Blockchain Week, the recruitment phase of the program began on September 4th. Renowned blockchain network developer Cronos Labs has embarked on an ambitious journey with the launch of its third accelerator program. This unique initiative, backed by an impressive $100 million investment, is dedicated to
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Matter Labs CEO Alex Gluchowski has proposed a hierarchical court system within the Ethereum network, mirroring real-world structures. In a Sept. 2 post on X (formerly known as Twitter), Gluchowski envisions an “Ethereum Supreme Court” that would
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