Puffer Finance Raises $18M in Series A Funding
Eigenlayer-based liquid staking project Puffer Finance has raised $18 million in Series A funding to launch its mainnet. The announcement on April 16 stated that Brevan Howard Digital and Electric Capital led the funding round, with significant contributions from Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, Mechanism, Lightspeed Faction, Consensys, Animoca, GSR, and additional […]
UK Treasury to Provide Crypto Regulatory Framework by July
By July, the United Kingdom Treasury plans to provide a regulatory framework for stablecoins and crypto assets to promote innovation in blockchain technology and digital assets. Speaking at the Innovate Finance Global Summit (IFGS) 2024, Bim Afolami, economic secretary to the Treasury of the United Kingdom, disclosed the government’s continuous efforts to establish a foundation […]
Microsoft Invests $1.5B Into Abu Dhabi-based G42
Microsoft recently invested $1.5B into Abu Dhabi-based AI company G42 to expand into the UAE and global artificial intelligence (AI) market. Microsoft explained on April 16 regarding the investment, stating that its purpose is to advance the development of artificial intelligence (AI) and increase the availability of state-of-the-art technologies worldwide, including the United Arab Emirates […]
Elon Musk to Charge New X Users For Tweeting
Elon Musk, the CEO of X, intends to charge new users for tweets on the platform to curtail an ongoing problem of bots promoting cryptocurrency scams. “Unfortunately, a small fee for new user write access is the only way to stem the relentless onslaught of bots,” X Daily News owner Elon Musk stated on April […]
OKX Exchange Launches Ethereum Layer-2 Network
OKX cryptocurrency exchange has launched an in-house Ethereum layer-2 network to offer reduced transaction fees and seamless functionality. On April 15, OKX introduced the public mainnet of X Layer, its network powered by zero-knowledge proof technology. Constructed utilizing Polygon’s chain development kit (CDK), the network leverages the Aggregation Layer of the Ethereum scaling protocol to […]