Ripple’s Legal Tactics Could Slash SEC’s $770M Claim
Ripple’s legal strategies, focusing on net profits and limiting the SEC’s jurisdiction, may significantly reduce the potential $770 million penalty in the ongoing lawsuit. Attorney Jeremy Hogan recently highlighted potential strategies Ripple could employ to significantly decrease the potential $770 million penalty sought by the SEC. On November 5, Hogan shared insights on social media […]
Ant Group’s Bailing AI Model Gets Green Light from China
Ant Group, the fintech arm of Alibaba, has received approval from the Chinese government to launch products based on its Bailing AI model, a large language model that can generate natural language and images. Ant Group, the fintech affiliate of Alibaba, has announced that it has received approval from the Chinese government to launch products […]
Yuga Labs, Magic Eden Partner for NFT Marketplace with Royalties
Yuga Labs, the creator of Bored Ape Yacht Club, and Magic Eden, a multi-chain NFT marketplace, have announced their partnership to launch an ethereum-based new market that will respect and enforce creator royalties on NFT sales. The platform is expected to launch in late 2023 and will use the ERC-721 standard for NFTs. The problem […]
ChainLight Averts $1.9B Exploit in zkSync Era Protocol
ChainLight, a blockchain security audit firm, discovered and reported a critical bug in the zkSync Era protocol that could have allowed an attacker to steal up to 100,000 ETH. Matter Labs fixed the bug, and the developers of zkSync Era and ChainLight were rewarded 50,000 USDC for their vigilance. How ChainLight found the bug The […]
Ex-NovaWulf Team Launches New Crypto Investment Firm Valinor
Some of the key members of NovaWulf, the digital asset investment firm that tried to acquire Celsius, have announced the creation of a new firm called Valinor, which will focus on blockchain and financial innovation opportunities. NovaWulf, the digital asset investment firm that made a bid for the bankrupt crypto lender Celsius, has closed its […]