Crypto News
Succinct Labs Raises $55M to Propel Zero-Knowledge Proofs Into Mainstream Development
On Thursday, Succinct Labs, a startup dedicated to democratizing zero-knowledge proofs, unveiled that it had secured $55 million in funding through both seed and Series A rounds. Paradigm took the lead in this financial boost, with additional support from entities like Robot Ventures, Bankless Ventures, Geometry, and ZK Validator, among others. Succinct Labs Nets $55MSource link
DOJ and US States Take on Apple in Major Antitrust Suit Over App Store Monopoly
The United States Department of Justice (DOJ), joined by 16 state attorney generals, filed an antitrust lawsuit against tech giant Apple, claiming its app store rules create a monopoly that hampers competition and stifles innovation. The lawsuit argues that practices such as forcing developers to use Apple’s payment system and restricting them through various rulesSource link
Frax Finance Targets $100B Value Locked in Singularity Roadmap
Frax's singularity roadmap has set a target of $100 billion in TVL for its layer 2 Fraxtal.Source link
Crypto Exchange Okx Shuts Down Services in India Due to Regulations — Advises Users to Withdraw...
Cryptocurrency exchange Okx has notified its users in India that the platform is shutting down services in the country “due to local regulations.” The exchange has advised users in India to “withdraw all funds” from their accounts by the end of April. The Indian government has not regulated crypto and the country’s finance minister recentlySource link
U.S. Government’s Legal Precedents Don’t Support Lengthy Prison Term, Bankman-Fried’s Defense Argues
Sam Bankman-Fried's lawyers have pushed back against the U.S. government's sentencing memo which makes the case for why it thinks the former FTX CEO should be handed a sentence in the range of 40-50 years, a court filing on Wednesday shows.Source link