Aleph Zero launches $50M blockchain funding program
On April 18, Aleph Zero announced it is launching a $50 million funding program for its layer-1 privacy-enhancing blockchain, which seeks to assist developer teams in building on its platform and advancing blockchain adoption worldwide. Antoni Zolciak, the co-founder of Aleph Zero, stated in an interview that “the goal of the Aleph Zero Ecosystem Funding […]
Babel Finance gets Extended Time to Pay Creditors
Troubled cryptocurrency lending company Babel Finance has received more than a year to repay debts to its creditors in Singapore after suspending withdrawals in June 2022. Bloomberg reported on April 18 that a court in Singapore had extended Babel Finance’s creditor protection by three months. Babel co-founder and former CEO Flex Yang said the moratorium […]
ETH Staking sees Surge following Shapella Upgrade
Since the Shapella Upgrade on April 12, the quantity of ETH staked has surpassed the number of ETH withdrawals for the first time. In the first week, more ETH was withdrawn than was staked. According to data from on-chain analytics company Nansen, more ETH is being staked than withdrawn. On April 17, the volume of […]
BNB Chain updates list of untrustworthy DApps, Fake Tokens
Binance-owned BNB Chain in a bid to help users make the right investment decisions has updated its red alert list to include 191 high-risk initiatives, fake tokens, and decentralized applications (DApps) hosted on the blockchain. The red alarm list of BNB Chain, updated every Friday, includes projects and DApps considered risky investments based solely on […]
Bittrex reportedly faces potential action from US SEC
Cryptocurrency exchange Bittrex is reportedly facing potential action from the U.S. securities regulator despite its plans to cease local operations in the country. The enforcement division of the U.S. Securities and Exchange Commission (SEC) is inclined to recommend the agency sue Bittrex for alleged investor protection violations, according to an April 16 report by The […]