Matter Labs, ZKsync Developer, Sued for Alleged Intellectual Property Theft

Matter Labs, the company behind layer-2 blockchain ZKSync, has been sued by BANKEX, a defunct digital asset banking platform, for intellectual property theft. Former BANKEX employees Alexandr Vlasov and Petr Korolev stole the company’s technology to start Matter Labs, which received over $450 million in venture capital funding and...
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Crypto Ally Paul Atkins Sworn In to Replace Gary Gensler Atop U.S. SEC

Paul Atkins has taken the oath to formally become chairman of the U.S. Securities and Exchange Commission, which returns Mark Uyeda to his previous role as a Republican Commissioner after three busy months of service as the agency’s stand-in chief. Atkins permanently replaces the former chair, Gary Gensler, who...
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Bitcoin Market Sentiment Heats Up As Open Interest Sees Sharp Uptick

The general crypto market has begun to experience bullish movements, and Bitcoin, the largest digital asset, surged briefly from $84,000 to the $88,400 threshold. As BTC’s price undergoes a slight uptick, several areas of its market dynamics saw a notable increase, such as the Open Interest (OI). A Rebound...
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$5,000 Calling: Will Pectra Lift Ethereum To Its Next All-time High?

After losing more than half its value for the year-to-date, sagging Ethereum (ETH) could be readying for a resurgence.  On May 7th the number two blockchain’s long-awaited Prague-Electra (Pectra) upgrade will leave the testnet and move to go-live. It promises to improve user experience, enhance network efficiency, lower gas...
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