The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in a U.S. Securities and Exchange Commission […]
The Australian Competition and Consumer Commission (ACCC) is taking Meta Platforms, Inc. (formerly Facebook) to the Federal Court, alleging that the firm and its Irish branch engaged in “false, misleading or deceptive conduct” by publishing […]
Web3: We must be prepared to keep pushing back against such dangerous trends, like creeping centralization, even when doing so is the harder path, says the CEO of Livepeer, Doug Petkanics. It will take more […]
Penguin Karts is an immersive 3D battle-racing game built on the blockchain. Essentially, it takes the arcade-style kart racing you know and love and seamlessly introduces NFT dynamics alongside a Play-to-Earn system. A lot has […]
The funding round was co-led by Andreessen Horowitz’ a16z and major crypto VC firm Paradigm. Optimism, a layer 2 scaling solution on the Ethereum network, has secured $150 million in a Series B funding, the […]
On Thursday, Senator Elizabeth Warren (D-MA) introduced a bill that aims to enforce U.S. sanctions across the global cryptocurrency industry. The Digital Asset Sanctions Compliance Enhancement Act comes in the wake of the ongoing Russia-Ukraine […]
Popular Ethereum scaling solution Optimism has announced a $150 million Series B funding round co-led by Andreessen Horowitz (a16z) and Paradigm at a total valuation of $1.65 billion. According to a blog post from Optimism, […]
Owners of Bored Ape Yacht Club (BAYC) nonfungible tokens (NFTs) — including celebrity holders like Eminem, Steph Curry, Jimmy Fallon and Mark Cuban — are set to receive a brand new token called ApeCoin (APE) […]
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Key Takeaways Optimism raised $150 million in its Series B. The funding round was led by Paradigm and a16z. Optimism’s team noted its Layer 2 scaling solution has saved users $1 billion in gas fees. […]
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