Terraform Labs Acquires Pulsar Finance Amidst Legal Challenges
Terraform Labs, the company behind the Terra blockchain, has acquired Pulsar Finance, a startup specializing in cross-chain portfolio management and analytics. This move comes amidst ongoing legal challenges for Terraform, including a lawsuit filed by the SEC accusing the company of selling unregistered crypto asset securities and engaging in investor fraud. Despite these challenges, Terraform's new CEO, Chris Amani, expressed optimism about the acquisition and emphasized the company's focus on utility and blockchain ecosystem development. Terraform plans to integrate Pulsar's technology into its cross-chain wallet and infrastructure tools to enhance its technological capabilities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ZA Miner Introduces Free Cloud Mining Platform for Bitcoin and Dogecoin
ZA Miner, a UK-based cloud mining provider, has officially launched a new platform to make cryptocurrency mining more accessible to a broader audience.
OSC Warns of Surge in AI-Driven Crypto Scams as Canadian Fraud Losses Climb to $640 Million
According to the Globe and Mail report, the Ontario Securities Commission (OSC) is raising red flags over a sharp rise in cryptocurrency fraud across Canada, as scammers now weaponize artificial intelligence to swindle unsuspecting investors.
Arkansas City Planning Commission Rejects Crypto Mining Proposal Amid Strong Community Backlash
The Vilonia Planning Commission has unanimously turned down a proposed cryptocurrency mining facility within city limits, following weeks of vocal opposition from residents.
Bitcoin Climbs to $94,000 Driving Market Above $3 Trillion
Trending news
MoreCrypto prices
More
