A company named Community Labs, which is known for creating software solutions in the Web3 sector, is preparing to initiate a 10-week business incubator named AO Ventures. This program will specifically cater to projects within the Arweave (AR) ecosystem and will begin with an initial investment of $35 million. Starting on April 23rd, the initiative … Read more
Sam Bankman-Fried, ex-CEO of FTX and now facing a 25-year sentence, has asked the court for permission to serve his time in a New York City jail rather than one in California. On April 8, Bankman-Fried’s lawyers requested that Judge Lewis Kaplan in the Southern District of New York approve an order enabling their client, … Read more
A representative from Chainlink shared with CryptoMoon that their newest application for cross-chain messaging is designed to tackle the significant security challenges associated with transferring cryptocurrencies between different blockchains. “Chainlink CCIP, which underpins Transporter, is the only cross-chain protocol that achieves level-5 security, a defense-in-depth design to give users true peace of mind.” On April … Read more
BNB’s funding rate has been mostly negative since the beginning of the month. BNB accumulation remains steady in the coin’s spot market. The cryptocurrency Binance Coin (BNB) is exhibiting vulnerability in the perpetual futures market as evidenced by the largest negative funding rates among the top five digital assets, according to Coinglass’ statistics for this … Read more
The Solana blockchain is presently surpassing competitors such as Ethereum, Avalanche, and BNB Chain in terms of network usage, expansion, and acceptance. This success can be attributed to the meme coin craze that has swept through the cryptocurrency industry. During the last thirty days, memecoins in great numbers have been introduced on the Solana blockchain, … Read more
USDC’s publisher, Circle, now allows transferring shares of BlackRock’s institutional digital cash fund, BUIDL, directly to its stablecoin. On April 11, Circle formally unveiled a fresh smart contract feature enabling BUIDL token owners to exchange their shares with Circle in return for USDC. With Circle’s smart contracts, you can easily swap BUIDL tokens for USDC … Read more