Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Labs
Kairon Labs Opens New Belgium Office, Honoring Deep Belgian Roots
Brussels, Belgium, May 16th, 2024, Chainwire Kairon Labs, recognized as one of the fastest-growing and largest crypto market-making firms in Europe, is taking a substantial leap forward in its global expansion strategy with the inauguration of a new office in Belgium. This expansion not only underscores the company's steadfast commitment to innovation but also reinforces its connection to its Belgian origins while positioning it for further global growth. Belgium, a strategic European location, is an optimal launchpad for Kairon Labs'…
1 year ago
Eclipse Labs Replaces Neel Somani As CEO Following Misconduct Allegations
Eclipse Labs has replaced Neel Somani following misconduct allegations. Former Chief Growth Officer Vijay Chetty will assume the role of the company’s new CEO. Eclipse Labs announced the departure of Somani and the promotion of Chetty to CEO via a social media post on X. Eclipse Labs Announces New CEO Eclipse Labs stated that Chetty brought a decade of experience in crypto, and held leadership positions at dYdX Trading, Uniswap Labs, and Ripple Labs, and significant investing experience at BlackRock. …
1 year ago
Introducing Liquid Vesting: Colony Lab’s New Feature Transforming Crypto Investments
The entirely on-chain managed process ensures transparency and security for all transactions on the platform. Colony Lab supports the growth of the Avalanche ecosystem, offering unique financial opportunities to its participants. Colony Lab has recently unveiled a novel feature within the cryptocurrency investment sector known as ‘Liquid Vesting.’ This innovative tool is part of their new decentralized fundraising platform which focuses on making seed sales investments in new projects more accessible to a broader range of investors. Previously, such investment…
1 year ago
Binance Addresses Market Manipulation Allegations Amid DWF Labs’ Wash Trading Claims
Binance has refuted allegations bordering on market manipulation. The trading firm has launched new loanable assets to sustain its dominance in the market. Crypto exchange Binance has addressed allegations of wash trading activities, involving a major client, DWF Labs. Reports claim DWF Labs engaged in wash trading worth $300 million over the past year, artificially inflating the prices of certain cryptocurrencies, including Yield Guild Games. Binance Denies Involvement with DWF Labs In response to these accusations, Binance posted on its…
1 year ago
Binance Officials Respond to Market Manipulation Allegations Alongside DWF Labs’ Wash Trading Activities
The post Binance Officials Respond to Market Manipulation Allegations Alongside DWF Labs’ Wash Trading Activities appeared first on Coinpedia Fintech News Binance has been under the spotlight of controversy ever since harsh allegations of market manipulation involving DWF Labs were placed against the company. Reports were released claiming that committed significant wash trading activities worth $300 million have been conducted in the last year by DWF Labs. After seeing such allegations, several key figures in charge of running Binance have…
1 year ago
Imminent Arrival of Stablecoins on Bitcoin, Hints Lightning Labs CEO
In a significant move that could redefine financial transactions on Bitcoin (BTC), Lightning Labs is preparing to introduce stablecoins and other tokenized assets. Elizabeth Stark, CEO of Lightning Labs, announced this development during her appearance at FT Live’s Crypto and Digital Assets Summit in London. Lightning Labs Unveils Plan to Integrate Stablecoins on Bitcoin Network Stark revealed that the development team at Lightning Labs has already begun trial runs of their new protocol on the Lightning Network. “We released an…
1 year ago
Binance Shocker: No Market Manipulation by DWF Labs, Denies Reports!
The post Binance Shocker: No Market Manipulation by DWF Labs, Denies Reports! appeared first on Coinpedia Fintech News Binance, one of the world’s largest digital asset exchanges, has firmly denied allegations of market manipulation involving DWF Labs. This controversy has resurfaced following claims made by an anonymous source alleging significant wash trading activities amounting to $300 million during the previous year. Allegations Of Market Manipulation As per the reports, DWF Labs, a prominent Web3 investment and market-making firm has come…
1 year ago
Tags
LabsTags
LabsSlash Vision Labs Offers Exclusive Alpha Opportunities With SVL Alpha-Base Launch
To expand its use cases, Slash Vision Labs has launched Alpha Base. The new product came following a partnership with leading Web3 firms. Slash Vision Labs (SVL) has announced the launch of Alpha-Base, designed to empower SVL token stakers with exclusive alpha opportunities. The Alpha-Base, a new initiative added to the SVL Portal, represents its mission to reward and engage community members. Benefits of Alpha-Base According to a press release shared with Crypto News Flash, Slash Vision Labs partnered with…
1 year ago
Tags
LabsTags
LabsTelos Secures $1M in Funding From Presto Labs to Develop SNARKtor-Powered L2 and SNARKtor Labs
[PRESS RELEASE – Hong Kong, Hong Kong, May 8th, 2024] Telos today announced it has accepted a strategic investment of $1 million USD from Presto Labs, a leading Asia-based venture capital firm and liquidity provider with an established track record in algorithmic trading. The capital raise signals the start of a long-term partnership between the two organizations, with the funds being allocated to the development of the new SNARKtor-powered Ethereum Layer 2 zkEVM network being developed by Telos. The capital…
1 year ago