Do Kwon, the embattled former CEO of Terraform Labs, is currently stranded in Montenegro due to extradition delays, following accusations by the U.S. Securities and Exchange Commission (SEC) of conducting a massive fraudulent crypto scheme. Last year, the SEC charged that from April 2018 to May 2022, Terraform and Kwon’s operations resulted in at least […]
The Avalanche blockchain has encountered a disruption due to a “stall in block finalization.” AVA Labs’ co-founder, Kevin Sekniqi, suggested that the problem might stem from a recent surge in inscriptions. Avalanche Hits Snag as Block Finalization Stall Disrupts Service Avalanche (AVAX) is grappling with a service interruption, echoing challenges previously seen on the Solana […]
On Thursday, the Eigen Labs development team, responsible for the Eigenlayer restaking protocol, announced a $ 100 million investment from A16z Crypto. This substantial funding comes after the project’s $ 50 million Series A round in March 2023. Eigenlayer’s Development Team, Eigen Labs, Garners $ 100M from A16z Crypto Eigen Labs has …
PRESS RELEASE. LBank Labs, a leading blockchain investment fund of $ 100M AUM announced today its participation in a strategic funding round for FortyTwo, a revolutionary UX frontend for decentralized finance (DeFi) across the interchain ecosystem. The investment round also saw participation from a distinguished list of funds and angel investors. FortyTwo is actively …
Startale Labs disclosed this week that it has garnered an additional $ 3.5 million in funding from UOB Venture Management. This latest seed funding round elevates the startup’s total investment to $ 7 million, which is earmarked for enhancing the firm’s Web3 offerings. Startale Labs Bags $ 3.5M Capital Injection From UOB …