Andreessen Horowitz Co-Founders Donate $5 Million to Support Trump
Marc Andreessen and Ben Horowitz, co-founders of the venture capital firm Andreessen Horowitz (a16z), have made a significant financial contribution to support Donald Trump, donating $2.5 million each to the Right for America Super PAC. This was reported by Bloomberg, citing documents from the U.S. Federal Election Commission. According to the documents dated October 15, […]
Binance Publishes September Proof-of-Reserves Report: User Deposits Fully Backed
Crypto exchange Binance has released its Proof-of-Reserves (PoR) report for September 2024, confirming that all user deposits are backed by more than 100%. This demonstrates the exchange’s financial stability and its readiness to meet any withdrawal requests. As of October 1, 2024, the reserve ratios for the major cryptocurrencies are as follows: For comparison, in […]
Crypto.com Files Lawsuit Against the SEC: Why the Exchange Sees the Regulator’s Actions as Unlawful
Cryptocurrency exchange Crypto.com has taken a bold step by filing a lawsuit against the U.S. Securities and Exchange Commission (SEC) following the receipt of a Wells Notice—a formal document indicating potential legal action from the regulator. The company has accused the SEC of overstepping its authority and undermining justice, arguing that the agency’s actions only […]
Y Combinator Under Fire for Backing AI Startup Accused of Cloning Competitor’s Project
Y Combinator, one of the world’s most prominent venture funds, has found itself in the middle of a controversy after supporting the AI startup PearAI, which is accused of copying a competitor’s project. The developer community and industry experts argue that such actions undermine licensing regulations and pose a threat to the principles of open-source […]
Arbitrum One Processes Over 1 Billion Transactions but Trails Base in Daily Activity
The Layer-2 network Arbitrum One has reached a significant milestone, processing over 1 billion transactions in just three years. However, despite this impressive achievement, Arbitrum still lags behind its competitor, Base, in terms of daily transaction volume. According to data from The Block, as of September 30, 2024, Arbitrum One handled 1.7 million transactions per […]
CryptoQuant: The Open Network (TON) Emerges as a Leading L1 Blockchain Solution
The Open Network (TON) has solidified its position as a top Layer-1 blockchain solution, according to experts from the analytical firm CryptoQuant. Over the past month, the TON network accounted for a staggering 50% of all transactions across Layer-1 blockchains. Analysts attribute this surge to the launch of multiple tokens within the ecosystem, which has […]
Ethereum Whale Awakens After Nine Years of Dormancy: Transfers 70 ETH to a New Wallet
On September 30, 2024, an unknown Ethereum whale, who had been dormant for over nine years, suddenly came to life. According to Whale Alert, the crypto investor transferred 70 ETH, worth more than $184,000 at the time of the transaction, to a new address. The transaction fee was a mere $0.36, highlighting the efficiency and […]
Delphi Ventures Invests in Gunzilla Games: A Major Step for the Crypto Industry
Delphi Ventures has made a significant investment in Gunzilla Games, the developer behind the upcoming game Off the Grid (OTG). While the exact amount remains undisclosed, the investment marks the firm’s largest foray into the gaming sector. Off the Grid is a AAA third-person shooter with Battle Royale elements, featuring a unique player-driven economy and […]
Avalanche Foundation Launches $40 Million Grant Program to Incentivize Developers
The Avalanche Foundation, a non-profit organization supporting the development of the Avalanche blockchain, has announced the launch of a $40 million grant program aimed at attracting developers to create new protocols and decentralized applications (dApps) within the blockchain ecosystem. In an interview with CoinDesk, Ava Labs COO Luigi D’Onorio DeMeo revealed details about the initiative: […]
ETHSofia: Conference and Hackathon with a $15,000 Prize Pool to be Held in Bulgaria in October
On October 17, 2024, Sofia, Bulgaria, will host ETHSofia, a conference and hackathon with a $15,000 prize pool, according to the event organizers. This marks the first cryptocurrency event of this scale in the country, attracting global speakers and partners. The event will take place at Sofia Tech Park from October 17 to 19. The […]