Labs

Sphere Labs introduces a bank-to-wallet transfer service on Telegram with a minimal 0.1% fee for transactions. Powered by Solana, this service is designed for early users with a full launch anticipated later this year. Sphere Labs, leveraging Solana blockchain technology, has rolled out a pioneering Telegram extension that facilitates seamless transfers between bank accounts and digital wallets within the Telegram app. With a minimal transaction fee of 0.1%, this service is set to revolutionize how users manage their finances directly…

The post SEC vs Terraform Labs: Montenegro Appeals Court Halts Do Kwon’s Extradition for Retrial appeared first on Coinpedia Fintech News The Montenegro Appeals Court has halted Do Kwon’s extradition to South Korea, calling for a retrial in the initial court. This move contradicts the previous High Court ruling. Interestingly, this decision follows a meeting between Montenegro’s Justice Minister and the SEC’s Director of Enforcement, raising questions about potential influences on the legal proceedings. Do Kwon’s case is now due…

Hong Kong, Hong Kong, May 24th, 2024, Chainwire LBank Labs is delighted to announce its strategic investment in XION, an innovative blockchain platform designed for mainstream use. This investment is part of XION's impressive $25 million Series A funding round, which saw participation from top investors like Animoca Brands, Laser Digital (Nomura), Multicoin, Arrington Capital, Draper Dragon, Sfermion, and GoldenTree. XION's Generalized Abstraction provides a comprehensive infrastructure solution to remove the numerous adoption barriers uch as complex onboarding, unfamiliar user…

New York, NY, May 23rd, 2024, Chainwire Horizen Labs is proud to announce the official launch of zkVerify, a dedicated zero-knowledge proof verification network designed for settlement optimization.  The launch of zkVerify comes at a critical time when blockchain networks are increasingly seeking efficient and scalable solutions to meet the demands of high transaction volumes and complex operations.  In recent years, web3 developers have embraced modular solutions to optimize the core functions of blockchain protocols — execution, consensus, data availability,…

Chainlink Labs has expanded its partnership with Arta TechFin to include the issuance of stablecoins and real estate tokens as the race to dominate the $16 trillion tokenization market continues. The two will release a market standard for originating, distributing and custodying tokenized assets across different blockchains in Hong Kong and beyond. Tokenization is emerging as the prime market for blockchain interruption, and several blockchain networks are racing to dominate the market, which studies claim will be worth $16 trillion…

Innovative crypto lending platform Credefi has struck a strategic partnership with DWF Labs to boost its liquidity and expansion drive. The partnership is a significant boost for Credefi, which is keen to offer its services to broad swathes of borrowers and bridge the gap between traditional finance and crypto entities. Liquidity is often a challenge for blockchain platforms. When usage increases rapidly, trading and lending platforms can struggle to match orders with different token pairs. Such liquidity issues can distort…

Uniswap Labs, the creator of one of the largest decentralized trading platforms, is challenging a potential enforcement action by the US Securities and Exchange Commission (SEC), arguing that crypto tokens should not be classified as securities.  The New York-based firm recently refuted the allegation that it operated as an unregistered exchange and broker-dealer. This response follows the SEC’s issuance of a Wells Notice to Uniswap Labs, signaling its intent to recommend legal action against the company.  Uniswap Labs Challenges SEC’s…

Yuga Labs is reversing course on its new CryptoPunks collaboration following significant backlash from the community over allegations of the collection being excessively 'woke.’ The Punk in Residence Program The Punk in Residence program was created to foster on-chain collaborations and stimulate creative experimentation within the NFT space. Yuga Labs selected artist Nina Chanel Abney to spearhead this initiative, resulting in the unveiling of her “Super Punk World” collection. This launch, which included an opening event at The School at…

The post Ripple Labs Reports 108% Surge in XRPL Transactions for Q1 2024 appeared first on Coinpedia Fintech News In the latest report released by Ripple Labs Inc., total XRPL transactions increased by 108%, rising to 251 million from 121 million in Q4 2023. New applications and users drove this impressive growth. Additionally, its volume on the DEX increased by 5% from the previous quarter. Despite these developments, the number of new wallets on the protocol dropped by 11% compared…