Crypto whitehat security firm CertiK bags $1 billion valuation after Sequoia raise

CertiK today announced the completion of an $80 million Series B2 financing round. This investment is led by Sequoia, with participation from existing investors including Tiger Global, Coatue Management, and GL Ventures (Hillhouse Capital’s VC arm). This not only sets the bar for the largest single round of fundraising in the blockchain security space but…

Cardano (ADA) hits milestone of 20 million transactions, but when are dApps coming?

Cardano just hit a major milestone by processing its twenty millionth transaction. What’s more impressive is that this was accomplished without a single outage in its four-year history. Despite this achievement, recent weeks have seen confidence in Cardano sink as the price of ADA struggles to gain a foothold. Since Alonzo smart contracts were rolled…

Grayscale launches Solana (SOL) trust after 11,000% rally in past year

The world’s largest digital currency asset manager, Grayscale Investments, recently announced the launch of its sixteenth investment product that will be tracking the performance of Solana. Often referred to as one of the “Ethereum killer” networks, the Proof of History (PoH) blockchain built by Solana Labs gained traction by leveraging fast transactions at low cost…

Grayscale writes a letter to the SEC, accuses the regulator of violating the law

On Monday, Grayscale Investments attorneys issued a letter to the secretary of the US Securities and Exchange Commission (SEC), claiming that the agency is violating the Administrative Protections Act (APA) by discriminating against Bitcoin spot ETFs. In the letter, the crypto asset manager argued that the agency’s approval of Bitcoin futures-based ETFs, but not Bitcoin…

DeFi risks and protocol safety with Tarun Chitra of Gauntlet Network

In this week’s interview with Alex Fazel of crypto edutainment channel Cryptonites, Tarun Chitra discusses the difference between Proof of Stake (PoS) vs Proof of Work (PoW), layer-one protocols, and the risks involved with blockchain tools. Chitra is CEO at Gauntlet Network, the financial modeling and simulation platform for blockchains, which he co-founded with Rei…

Shiba Inu makes a comeback, but are meme coins sustainable long term?

Shiba Inu hit a two-week high on Tuesday, of $0.00005463, before profit-taking gave up most of the gains to close the day at $0.00004729. Source: SHIBUSDT on TradingView.com Following an incredible October, in which $SHIB peaked at+ 1,140% on October 28, it’s been downhill for the Dogecoin rival since. $0.00003807 marks a critical level of…

Memecoin Floki Inu bags promotion on Dubai’s Burj Khalifa

The team behind Floki Inu would leave no stone unturned in their bid to make sure that the meme coin and the crypto industry entirely is registered in the consciousness of the people of the world. Their latest marketing effort would see the Elon Musk’s Shiba Inu dog-inspired project being promoted on the tallest building…

Terra (LUNA) is in full expansion with over $1.9 billion in TVL

Blockchain project Terra and its native token LUNA have quickly moved from the sidelines to the forefront of DeFi. With over $1.9 billion in TVL, it’s the fifth largest blockchain project, trailing closely behind Avalanche. With several major fundamental developments underway, LUNA saw its price increase by over 50% in the past week, with industry…

Perpetual Protocol v2 launches on Ethereum layer-2 solution Optimism

Perpetual Protocol, a decentralized perpetual futures exchange, has moved to Ethereum’s Layer 2 Optimistic roll-up scaling solution Optimism in its latest effort to provide the best-decentralized derivatives trading experience in crypto. The launch of Perpetual Protocol v2 (dubbed Curie) to Optimism Mainnet reduces the cost required to place a trade and speeds up trade execution,…