Thursday, March 28, 2024
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Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan

"In the coming weeks, the Debtors intend to file a motion with the Bankruptcy Court to approve modifications to the Plan to reflect the new Mining NewCo transaction," the filing said. "The Debtors do not believe that these modifications will require resolicitation of the Plan. The Debtors still anticipate that

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OK Group sunsets ‘Okcoin’ for a global transition to ‘OKX’

Major cryptocurrency exchange operator OK Group continues transforming its business, rebranding its crypto ventures under the single name “OKX.”Hong Fang, chief operating officer at OK Group and president of OKX, took to X (formerly Twitter) to announce that Okcoin will be rebranding to OKX over the coming months. Founded in

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Fortnite Developer Epic Games Lays Off 16% of Staff Following Metaverse-Inspired Transition

The metaverse is a concept for a digital world where the internet theoretically becomes an immersive virtual environment that can be used for work, play, socializing, and events. While it remains in its very early stages of advancement, Epic Games' announcement suggest that major video game developers have been making

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Polygon Labs suggests assisting Celo’s transition to Ethereum layer 2 using CDK

Polygon Labs has suggested that the Celo blockchain community utilize its Chain Development Kit (CDK) for their upcoming Layer 2 transition on Ethereum. This proposal surfaces after Celo’s core team, cLabs, revealed an alternative idea involving a transition from Layer 1 to an Ethereum-based Layer 2 using software from OP Labs

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Biden Administration Invests $15.5B in Electric Vehicle Transition

Historically, the United States has relied on other countries for battery materials and components. However, a growing number of automakers and battery manufacturers are announcing plans to establish battery production facilities within the United States.  The US Department of Energy (DOE) recently unveiled a $15.5 billion funding and loan package as

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Celo blockchain proposes return to Ethereum ecosystem, transition to L2

CLabs, the organization responsible for developing the Celo blockchain, is seeking to return to the Ethereum ecosystem by transitioning from an independent EVM-compatible layer-1 blockchain to an Ethereum layer-2 solution. According to a proposal discussion on Celo's governance forum, the transition would include leveraging OP Stack as the architecture to become

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Chiliz Launches Layer-1 Blockchain to Foster Transition of Sports Brands to Web3

Chiliz is also looking to attract developers interested in building Web3 sports projects by holding hackathons. Leading blockchain provider for the sports industry Chiliz has announced the launch of its Chiliz Chain public mainnet. This marks the next step in the firm’s mission to help sports teams and brands build direct

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