ParaFi Capital, a digital asset management firm based in New York, raised $120 million from investors, including Theta Capital Management and Accolade Partners. This fundraiser highlights the increasing growth and renewed optimism in the crypto investment sector. ParaFi Capital, founded in 2018 by Ben Forman, has been a significant player
The U.S. Securities and Exchange Commission (SEC) has intensified its regulations in the cryptocurrency sector by issuing a Wells notice to OpenSea, a leading NFT marketplace. This indicates that the SEC is considering legal action against the platform, alleging that the NFTs traded on OpenSea might be under unregistered securities.
The integration of Flare with Polyhedra’s zkBridge DVN has been approved by the Polyhedra community. With the help of this integration, Flare developers will be able to use LayerZero to create secure and efficient cross-chain apps while still taking use of ZK proofs’ cryptographic guarantees. One of LayerZero’s Decentralized Verifier Networks (DVNs) is zkBridge,
The firm building the verifiable compute layer, Space and Time (SxT) Labs, announced today that it has raised $20 million in Series A funding to maintain its position as the industry leader at the nexus of blockchain and artificial intelligence. With the Series A equity funding, the firm has raised $50 million
The United States Securities and Exchange Commission (SEC) has initiated legal action against two brothers, alleging their involvement in orchestrating a $60 million Ponzi scheme with a non-existent crypto trading bot. The SEC has filed a complaint in the US District Court for the Northern District of Georgia, Atlanta, against
The newest crackdown by the US SEC involves charges against the crypto business Abra for providing consumers with unregistered digital asset services. According to a recent press statement from the US Securities and Exchange Commission, Plutus Lending LLC, also known as Abra, has been charged for providing cryptocurrency solutions without
The crypto market, as another week begins, showed mild dips in market cap and trading volume. In the last few days, leading cryptocurrencies took bullish turns after several weeks of price slump. Bitcoin surpassed $60K for the first time after the August first-week price dip. Meanwhile, the market has seen
A Major Step for BSCS BSCS has successfully secured a strategic investment from K300 Ventures, marking a major milestone in its journey to foster innovation. BSCS operates as a decentralized protocol that supports incubating and launching new blockchain projects, facilitating the smooth transition of innovative ideas from conception to execution.
A breach has occurred in the Polygon community Discord channel. The chief information security officer at Polygon, Mudit Gupta, acknowledged the intrusion and warned users not to click on any links published in the Discord channel until the issue is fixed. Even though Gupta claimed that all privileged accounts had
Kraken, a prominent cryptocurrency exchange, is under increasing legal pressure after a US court rejected its request to dismiss the SEC lawsuit. The most recent court filing states that US District Judge William H. Orrick rejected Kraken’s request and directed the exchange to respond to the “complaint” within twenty days.
