Matter Labs Gets $200m For Its Ethereum Optimization Team

Matter Labs, the innovation company driving the zkSync Ether amplification mechanism, has recently received an additional $200 million. The Pre-seed Team The Pre-seed investment is co-led by Blockchain Ventures and Dragonfly with participation from other big partners. Earlier in The month, the startup received money from major investors a16z, who led Matter Labs’ Round B. … Read more

FTX Crash: Former CEO, SBF Likely To Be Extradited To The US

Former FTX exchange CEO, Sam Bankman-Fried has been under a series of investigations, following the sudden collapse of the exchange. In a recent update, it has been revealed that SBF is likely to be extradited by American law enforcement agencies to the United States.  American Authorities In Talks To Extradite SBF to US According to … Read more

Visa Terminate Crypto Debit Card Partnership With FTX

Digital payment facilitator, Visa has ended all ties with the FTX cryptocurrency exchange, following a series of negative events happening to the exchange. The termination announcement was made known earlier by the company’s Crypto Head of Department, Cuy Sheffield. Visa Terminates Partnership With FTX, In Less Than 2 months The crypto debit card partnership deal … Read more

Gate.io Set To Launch Crypto Exchange In Turkey

Gate Technology Inc has announced the extension of its footprint into the Turkish market in the coming months. Gate.io Since the inception of 2022, the exchange platform has made known its plan to launch and create branches in different continents and regions. Gate.io Set To Launch An Office In Turkey The expansion announcement was made … Read more

ADA: Despite Whale Offload, Price Reversal Still Possible

Cardano, just like most altcoins, suffered a dip, volatility, and decline in market price for most part of 2022. After making an entry price of $2.01 in January, the Cardano native token, ADA, dipped as low as $0.3124. 2022 has been an epic year for ADA blockchain, despite suffering from contagion volatility. Cardano Price Reversal … Read more

Hackers Siphons Over $300 Million Funds From FTX Wallet

FTX crypto exchange is going through a difficult phase, as the exchange suffered another considerable loss a few hours ago. The exchange was attacked by a cyber-criminal, who transferred funds from the exchange’s wallet. Hackers Divert Over $300 Million From FTX Wallet In the early hours of Saturday, FTX suffered a cyberattack after its wallet … Read more

Cryptocurrency Finance Company, BlockFi Stops Payouts Due to the FTX Disruption

BlockFi announced on Twitter that this will halt customer payouts due to “a shortage of information” regarding the situation of FTX US, a former sponsor, along with the ambiguity surrounding FTX.com and sibling financial firm Alameda Research. Moves by BlockFi At the time, BlockFi users were urged not to add money to their involvement or … Read more

FTX Fall: SEC and CFTC Moves To Investigate Customer Asset Management

Few days ago, the global cryptocurrency/web3 space was shocked by an announcement from Binance exchange to acquire a rival exchange, FTX. Although Binance is one of the biggest crypto exchanges in the world, acquiring/merging with FTX was an unexpected dream. During the past few months, Binance and FTX have acquired/merged with different struggling companies in … Read more

BIT Gets Dumped As Alameda Moves To Sell-Off holdings

One of the world’s largest DAOs (Decentralized Autonomous Organizations), Bybit group, has recorded a massive dumping of its token in three hours. Crypto community users dumped BITDAO following a sell-off move made by one of its largest holders, Almeda Research. Almeda Research Breaches Agreement With BITBY During the early hours of today, Bybit CEO Ben … Read more

Mica Regulation; A Safe Space For Crypto Exchanges

Following the passing of the proposed MiCA by the EU in October, a top Binance official has assured that the proposed bill favors crypto exchanges in the region. This announcement has continued to generate positive reactions from crypto users and entities. MiCA Regulation, A Safe Space for Web3/Crypto Companies The EU has been in talks … Read more



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