An investor with frozen assets in the bankrupt cryptocurrency lender BlockFi has filed a class-action complaint against BlockFi's executives, two directors, and cryptocurrency exchange Gemini. The complaint alleges that BlockFi and Gemini sold unregistered securities through false statements and significant omissions. Allegations of
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Major insights- BitDAO's Mantle Core is seeking to raise $200 million to support Web3 startups. The initiative aims to create an ecosystem that will provide strategic support, resources, and funding to early-stage blockchain and Web3 projects. Mantle Core will use a decentralized autonomous organization (DAO) structure, where the community will decide which project
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Gaming and cryptocurrencies are two industries that have rapidly grown over the past few years. Combining the two has resulted in the emergence of gaming cryptocurrencies that are quickly gaining traction in the gaming world. Gaming cryptocurrencies offer several advantages over traditional payment methods. Firstly, they allow for fast and secure transactions, which is essenti
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Major Insights- Coinbase has launched its own Ethereum Layer 2 solution to address high fees and slow confirmation times on the Layer 1 blockchain. With this new solution, users can conduct transactions faster and cheaper, while also earning interest on their holdings. This move puts Coinbase in competition with other Layer 2 solutions and has the potential to
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Major Insights- Google Cloud has partnered with Tezos incubator startups to offer mentorship and cloud credits for Web3 innovation and scale. The partnership is aimed at providing secure and reliable infrastructure for Web3 founders and developers to innovate and scale their applications. The collaboration highlights the importance of secure and reliable in
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Major Insights The NFT platform Blur announced it will distribute 300 million tokens to its devoted users. Blur has surpassed OpenSea as the most popular Ethereum NFT trading platform in terms of trading volume. The platform will use a loyalty system to determine how tokens will be distributed to users in Season 2, based on their engagement and dedicati
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