Labs

[PRESS RELEASE – Singapore, Singapore, April 16th, 2024] In a significant move towards expanding its reach and capabilities, Saakuru Labs has successfully raised $2.4 million in an oversubscribed private funding round. This infusion of capital is earmarked for accelerating the adoption of the Saakuru Protocol, which has shown remarkable growth and traction in the GameFi sector. The Saakuru Protocol, known for its innovative approach to blockchain scalability and efficiency, has already made a mark with over 430,000 wallets holding assets…

The post Unraveling the USDC/XRP AMM Pool Imbalance: Insights from a Ripple Labs Veteran appeared first on Coinpedia Fintech News Neil Hartner, a former Senior Software Engineer at Ripple Labs, has illuminated the persistent imbalance plaguing the USDC/XRP Automated Market Maker (AMM) pool.  In a recent disclosure, Hartner delved into the technical intricacies behind the phenomenon, addressing user queries and elucidating the functionality of AMMs. Understanding the Imbalance cdfxgxx Hartner highlighted the intriguing nature of the USDC/XRP AMM pool, attributing…

Dubai, UAE, April 12th, 2024, Chainwire LBank Labs has announced a strategic investment in peaq network, marking a significant milestone as peaq gears up for its mainnet launch and initial public offering. This investment is part of a larger $15 million funding round aimed at propelling peaq network to the forefront of the Decentralized Physical Infrastructure Networks (DePIN). Peaq network has been making waves with its unique approach to blockchain technology, specifically designed for DePIN. The network provides a wide…

The post Binance Labs Boosts Bitcoin Utility with BounceBit Investment appeared first on Coinpedia Fintech News In a strategic move to boost the usefulness of Bitcoin, Binance Labs, the investment branch of Binance, has invested in BounceBit. This innovative platform focuses on Bitcoin staking and CeDeFi (Centralized Decentralized Finance) advancements, aiming to push the capabilities of the world’s top cryptocurrency beyond its traditional role as a store of value. Unlocking Bitcoin’s Potential BounceBit stands out with its fresh approach, striving…

The post UNI Token Price Crashes: SEC Targets Uniswap Labs, Sparking Massive Sell-Off appeared first on Coinpedia Fintech News Uniswap Labs, the creator of Uniswap decentralized exchange (DEX), received a Wells notice from the SEC, signaling potential legal action. UNI fell 10% from $11.21 to $10 after Uniswap disclosed receiving a Wells notice from the SEC. It’s now trading at $9.66, the lowest since late February. Despite the setback, Uniswap Labs vows to contest the allegations, emphasizing the decentralized nature…

The U.S. Securities and Exchange Commission (SEC) is cracking down on another corner of the crypto industry, this time targeting one of the biggest players in decentralized finance (DeFi). On Wednesday, the regulator issued a Wells Notice against Uniswap Labs, the company behind the world’s largest decentralized exchange (DEX). Uniswap To Be Sued By SEC Uniswap Labs publicly confirmed the news in a press release on Wednesday, and assured followers that the team is “ready to fight.” “This is the…

Venture Capital (VC) firm Paradigm is leading a substantial $225 million funding round for a new Layer 1 (L1) network, that aims to compete with the Ethereum (ETH) blockchain. Other notable participants include VC firms Electric Capital and Greenoaks. According to a recent Fortune Magazine report, Monad Labs, the company behind the blockchain project, aims to compete with established players such as Solana (SOL) and Ethereum and the Layer 1 blockchain protocol Sui (SUI).  Monad’s Rebuilt Ethereum Blockchain  Per the…

DeFi market maker Swaap Finance has launched a new service called Swap Earn, allowing users to earn an extra yield on already yield-bearing assets. The protocol tops up investor returns through market-making yield, spreading investors’ assets across multiple pre-defined protocols. Yield On Top Of Yield Market making is when DeFi users provide liquidity to decentralized exchanges, allowing fellow crypto buyers to easily find sellers, and vice versa. Market-making yield can come from one of two sources: trading/swap fees, or intrinsic…

A jury in a New York court has found Do Kwon liable for defrauding investors through the $40 billion crypto disaster orchestrated by Terraform Labs through LUNA and UST cryptos. Terraform Labs said it’s disappointed with the ruling and vowed to fight back, claiming that the SEC has no authority against the company or its founders. Do Kwon and his company Terraform Labs (TFL) are liable for defrauding investors through the $40 billion crypto catastrophe that was LUNA and UST.…