Labs

DOS Labs, the visionary developer and publisher behind the highly anticipated battle royale game MetaDOS, has successfully raised $2.45 million in funding. The investment round was led by prominent venture capital firms Kangaroo Capital, AZA Ventures, Brainbox, GD10 Capital, and Avalon Wealth Club.  The infusion of capital will fuel the development and imminent launch of MetaDOS, a groundbreaking gaming experience that merges the adrenaline of battle royale gameplay with a unique “Time-as-currency” concept. The alpha version of MetaDOS is already…

Polygon Labs CEO Marc Boiron has heavily criticized Layer-3 networks for drawing value and security away from Ethereum, leading to a potential risk to security on the network.  The criticism comes as meme coin trading activity has seen exponential growth on Degen, a Layer-3 network running on Base, which in turn runs on Ethereum.  Not A Fan Of Layer-3 Networks  Boiron denounced Layer-3 networks, citing their potential risks to the security of Ethereum. The comments come as a new Layer-3…

The TRON network accounted for 45% of all illicit volume in 2023, according to data released by analysts at blockchain forensics firm TRM Labs. TRM Labs released a report titled “The Illicit Crypto Economy” on Wednesday shedding light on the key trends in 2023 related to illicit activities and funds in the crypto space. TRON Blockchain Dominates Illicit Activity TRON blockchain network, founded by Chinese entrepreneur Justin Sun, accounted for the highest illicit activity last year, 45%, a surge from…

Terraform Labs faces SEC trial over alleged crypto fraud, accused of misleading investors about stablecoin stability. The legal battle was delayed till March, with co-founder Do Kwon remaining in Montenegro after the extradition ruling was overturned. Terraform Labs and its co-founder Do Kwon confront the US Securities and Exchange Commission (SEC) in a high-stakes trial. The SEC’s allegations paint Terraform Labs as a central player in a sprawling financial deceit that rocked investors, leading to one of the most significant…

Decentralized physical infrastructure network (DePIN) io.net announces Garrison Yang as its new Chief Strategy and Marketing Officer. The latest appointment will help the company foster growth in the DePIN sector with Yang bringing massive experience in the strategic growth of io.net.  The newly-appointed Yange has previously worked in several blockchain-based companies, most recently at Ava Labs, serving as the Vice President of Growth. Other companies the executive has helped grow include Incredible Health, Meta, Monotype, and Engie, and has served…

ChainGPT and Polygon Labs team up to revolutionize NFT creation with AI technology and scalable blockchain integration. Interest in NFTs is surging again as the crypto market stabilizes and innovative solutions emerge. ChainGPT and Polygon Labs have announced a strategic partnership to streamline and democratize NFT creation by integrating artificial intelligence (AI) technology with a robust blockchain infrastructure.  The integration of its AI NFT Generator with the Polygon blockchain has made on-chain minting and seamless AI-powered NFT creation possible.  This…

According to the firm’s chief legal officer, the United States Securities and Exchange Commission is seeking $2 billion in fines and penalties in its case against Ripple Labs.  The fines and penalties asked for the penalties and fines in court papers filed under seal.  SEC Seeks Significant Penalties  Details regarding the Securities and Exchange Commission’s demands were shared by Ripple’s Chief Legal Officer, Stuart Alderoty, who stated that instead of applying the law, the SEC continues to remain bent on…

The post Terraform Labs vs. SEC: A Multi-Billion Dollar Crypto Trial Unravels appeared first on Coinpedia Fintech News The SEC has waged a full-blown war with Terra and its ex-founder, Do Kwon. In defense of the right to speak, SEC emphasizes that “this is not a case of technology, trial and error, this is a case of fraud.” While defense lawyers call it a failure. Let’s see what is happening.   A Multi-billion dollar Trial Crypto Begins?  According to a Bloomberg…

Emin Gün Sirer, the founder and CEO of Ava Labs, has sounded an alarm on the rise of substandard layer 2 (L2) solutions in the crypto space. Drawing parallels with the fallout from the FTX collapse, he cautioned investors about the dangers associated with investing in these “trash” projects. Ava Labs Founder Highlights L2 Red Flags On March 23, Sirer took to X to voice his concerns about the crypto community’s habit of ignoring warning signs, especially regarding people seen…