Labs

[PRESS RELEASE – New York, New York, May 7th, 2024] Spectral is excited to announce its participation in Hugging Face’s Expert Support Program. Spectral is collaborating with deep learning experts from Hugging Face to advance open-source models, datasets, and applications for the Onchain Agent Economy. How to use Hugging Face Hugging Face plays a critical role across Spectral’s organization. Through the Expert Support Program, Spectral regularly meets with the Hugging Face team to plan new use cases, strategize dataset construction,…

A VeChain-backed clothing collection has debuted, and the W3AS collection brings high-end garments and unique NFTs together. VeChain is leading in the revolution of the fashion industry, helping brands engage with their customers and ensure authenticity. WoV Labs has unveiled a new VeChain-powered fashion luxury collection that could revolutionize the fashion industry. The W3AS collection marries Italian craftsmanship and NFTs. Owners of the high-end garments will be rewarded with an NFT, providing digital ownership of the physical item. Introducing @W3as_…

Terraform Lawyers are fighting the US SEC with the proposed civil penalty. Do Kwon may still face charges in the United States. Terraform Labs, the company behind the algorithmic stablecoin TerraUSD (UST) is fighting the United States Securities and Exchange Commission (SEC) over a hefty fine levied by the regulator. Terraform Lab’s Lawyers Argument According to reports, the SEC alleges Terraform misled investors and is seeking $5.3 billion in penalties, with most of that being disgorgement, a form of repayment…

Aave Labs, the team behind the DeFi lending platform Aave, has proposed a slew of major upgrades and expansions two years after introducing its V3. The suggested improvements include Aave V4, Aave Network, a Cross-Chain Liquidity Layer, non-EVM L1 deployments, and a fresh visual identity. Aave V4 According to the latest blog post, Aave V4 will be built with a brand-new architecture featuring an efficient and modular design while aiming to minimize disruptions to third-party integrators. The most important architectural…

A New York jury found Terraform Labs and its co-founder Do Kwon guilty of fraud.  Terraform Labs’ lawyers have vehemently denied the allegations, arguing that the majority of token sales occurred outside the United States.  Terraform Labs and its co-founder Do Kwon have been found guilty of fraud by a New York jury. The verdict follows a two-week trial during which the Securities and Exchange Commission (SEC) presented evidence of alleged wrongdoing by the defendants. The outcome of this case…

[PRESS RELEASE – Grand Cayman, Cayman Islands, May 1st, 2024] SuiVision Explorer provides a comprehensive portal for developers and retail users and robust RPC and API access for builders BlockVision, a premier infrastructure service provider specializing in comprehensive blockchain solutions, today announced an essential partnership with Mysten Labs, the Layer 1 blockchain that offers industry-leading performance and infinite horizontal scaling. This collaboration powers the SuiVision Explorer as well as offering deep access to network data and functionality via APIs and…

In response to the impending conduct injunction expected from the ongoing legal battle with the SEC, Terraform Labs announced measures to comply with regulatory requirements. These measures include barring U.S. users from accessing certain products and features starting April 28. Despite expressing frustration, the company acknowledges the necessity to adapt to the evolving regulatory landscape. Amid the growing U.S. regulatory scrutiny, Terraform Labs has recently introduced some bold measures in place. Earlier this week on Thursday, April 25, Terraform Labs…

Velocity Labs has announced a fiat-to-crypto onramp using the Ramp Network through the integration of the Asset Hub.  The crypto onramp will allow Ramp to service any chain parachain in the Polkadot ecosystem.  A New Fiat To Crypto Onramp  Fiat to crypto onramps have always been a pain point when it comes to DeFi (decentralized finance) accessibility. However, this issue was identified quite early on, and builders have been working with regulators, credit card issuers, and other payment infrastructure. With…

Magistrate Judge Sarah Netburn has set a new course for the Ripple vs. SEC case with a scheduling order. Ripple Labs challenges the SEC’s heavy penalties, advocating for a $10 million settlement. In recent developments, Magistrate Judge Sarah Netburn, following her appointment as District Judge, issued a new scheduling order in the ongoing lawsuit between Ripple Labs and the SEC. According to a report by CNF, this order outlines deadlines for the SEC to respond to Ripple’s motion to dismiss…