Category Archive: Cryptocurrency, No picture
Lagrange Labs closes $13.2M to build out ZK proofs based on EigenLayer
Lagrange Labs, a cryptography startup specializing in zero-knowledge (ZK) proofs, has raised $13.2 million in a seed funding round led by Peter Thiel’s Founders Fund.The startup is based on Ethereum’s EigenLayer restaking platform and is aimed at providing decentralized applications with efficient and secure access to otherwise resource-intensive onchain computing power.Lagrange’s flagship product comes in […]
US tops global interest in meme coins: CoinGecko report
The US has emerged as the leading nation in interest for smaller market capitalization crypto, commonly referred to as ‘shitcoins’ or meme coins, with a 16.8% share of global activity, according to a report by data aggregator CoinGecko. Those investors are known by the crypto community as ‘degens.’The UK and the Philippines are not far […]
Tether expands Eastern European operations with CityPay.io investment
Tether today announced an additional investment in CityPay.io to strengthen its Eastern European presence. The funding will enhance the payment processor’s reach in over 600 Georgian locations, according to the announcement. “Our previous collaboration with CityPay.io yielded exciting results in expanding convenient cryptocurrency use across Georgia. With this second investment, we aim to build on […]
Ripple’s proposed stablecoin is an ‘unregistered crypto asset’ — SEC
In its May 7 redacted remedies reply brief, the US Securities and Exchange Commission (SEC) has characterized Ripple’s proposed stablecoin as an “unregistered crypto asset,” arguing that it serves as further evidence of the company’s potential to continue engaging in unregulated activities without a permanent injunction.The SEC’s latest court filing comes after Ripple revealed plans […]
Vitalik Buterin addresses concerns over Signal’s protocol integrity
Ethereum co-founder Vitalik Buterin has weighed in on the growing concerns surrounding the encrypted messaging app Signal, emphasizing the importance of free speech and decentralization in response to revelations about the app’s board chair and potential ties to US intelligence.In an X post sharing an article from City Journal, Block founder Jack Dorsey acknowledged that […]
Grayscale backs off from its Ethereum futures ETF application
Grayscale, a leading crypto asset manager, has withdrawn its rule change application to the Securities and Exchange Commission (SEC) for an Ethereum futures exchange-traded fund (ETF), citing multiple delays by the federal regulator since the initial filing in September 2023.The notice of withdrawal, submitted on Tuesday, did not provide specific reasons for Grayscale’s decision to […]
FTX to pay out at least 118% of recognized claims to 98% of its creditors
FTX Trading, commonly known as FTX.com, and its affiliated debtors have announced a major development in their bankruptcy proceedings. According to the newly filed Plan of Reorganization, 98% of FTX creditors are expected to receive at least 118% of their allowed claims in cash within 60 days of the plan’s effectiveness.The remaining creditors are set […]
SEC Chair Gary Gensler avoids direct classification of Ethereum
Securities and Exchange Commission (SEC) Chairman Gary Gensler did not directly address whether Ethereum was a commodity or a security in an interview with CNBC on Tuesday. Instead, he shifted the focus towards broader regulatory concerns, specifically the protection of American investors and the conduct of intermediaries in the crypto market. “All I would say […]
Perp DEX trading volume hits new heights with 395% annual surge
Decentralized perpetual contracts exchanges (perp DEX) registered an all-time high in monthly trading volume in March at $317 billion, according to data aggregator DefiLlama. Despite a slight slump in April to $304 billion, the volume managed to stay above the $300 billion mark and represents a 395% year-on-year growth.Imran Mohamad, CMO at Zeta Markets, points […]
Every US Bitcoin ETFs sees daily inflows for the first time
Every spot Bitcoin ETF in the US register inflows for the first timeBloomberg ETF analyst Eric Balchunas pointed out that boomers are better at holding their ETF shares than crypto native investors.All spot Bitcoin exchange-traded funds (ETFs) in the US registered positive netflows on March 6, according to Bloomberg ETF analyst Eric Balchunas. He shared […]
