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Ava Labs CEO Gün Sirer terms CryptoLeaks claims as ‘scurrilous lies’

Ava Labs founder and CEO Emin Gün Sirer has termed a controversial report by CryptoLeaks as “an obvious fraud” that “everyone should be able to see right through.”

Gün Sirer says the allegations are disheartening and noted that they have come from “false claims” by Ava Labs’ former lawyer Kyle Roche. According to him, Kyle had lied to one of his potential clients about the nature of what he did for Ava Labs – all in an attempt to impress.

He maintains his company has not engaged in any of the activities as alleged by CryptoLeaks.

“The allegations on this site are categorically false. Ava Labs believes in transparency and facing the world head-on, not through behind-the-scenes dealing or activity,” he said in a statement shared on Monday.

Ava Labs had a ‘secret pact’?

In a recent report CryptoLeaks claimed it had damning “spy video” and whistleblower information that showed how Ava Labs, the firm behind the Avalanche (AVAX) blockchain, had engaged in a conspiracy against its rivals.

According to the site, there existed a “secret pact” between Ava Labs and lawyer Kyle Roche of the Roche Freedman LLP firm. Through this pact, Roche would exploit the US legal system in a “gangster style” approach by bringing targeted lawsuits against Ava Labs and Avalanche competitors.

Some of the alleged lawsuits include those against Solana Labs, Bibox and Dfinity Foundation.

The cases were also meant to have the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) among other regulators distracted, keeping them off Ava Labs’ operations.

It was also alleged Roche was filing cases with the aim of gaining access to sensitive documents from Ava Labs rivals and other crypto industry players. For his role, Roche ostensibly secured 1% of the AVAX supply.

No such underhand tactics

Gün Sirer has hit out at all these allegations, maintaining that his company does not “engage in or support” such underhanded tactics as claimed by CryptoLeaks. Refuting the allegations made in both the report and the video clips, he noted: 

“Neither I, nor anyone else at Ava Labs ever directed Roche in his selection of cases. We do not receive materials or information from him, and we do not entrust our legal affairs to him.”

The post Ava Labs CEO Gün Sirer terms CryptoLeaks claims as ‘scurrilous lies’ appeared first on CoinJournal.

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Myria launches much-awaited Ethereum Layer 2 scaling solution, Myria L2

Myria, an Ethereum-based layer 2 scaling solution, built to empower digital assets, NFT, and blockchain gaming, has today launched its much-awaited blockchain gaming-focused Ethereum layer-2 scaling solution, Myria L2.

Myria L2 will deliver instant and secure trades and zero gas fee transactions for non-fungible tokens (NFTs0 and blockchain gaming.

The Myria L2 launch included a full suite of developer and gamer-focused products including Myria Wallet, Developer SDK, and NFT marketplace. It will enable both creators and users to unlock scalability benefits offered by Myria.

After the launch, Myria co-founder, Brendan Duhamel, said:

“We are incredibly fortunate to have such a strong community eager to join the Myria L2. With this launch, the team is very thrilled to see our vision finally come to life.”

Duhamel also added:

“We are incredibly excited to bring the industry this next step forward with what we’ve built. We see massive potential in the underlying technology we have built to support NFT scalability and we believe blockchain gaming will be the next big vertical for NFTs. This is why we have created NFT solutions purpose-built to serve game developers and game builders. We’re just getting started!”

Myria L2

The Myria L2 utilizes zero-knowledge Rollup (Zk-Rollup) technology to bundle large numbers of transactions in a single transaction. It facilitates 9,000 transactions per second (TPS).

Blockchain gamers and NFT users, who are currently about 1.2 million, on Myria will now be able to create a Myria wallet with “one-click” and mint, trade and transfer NFTs with zero gas fee and 100% carbon neutral.

The Myria Developer Solution takes on an API-first approach that simplifies complex blockchain interactions with Myria’s set of REST APIs and SDKs. As a result, developers will be able to launch any NFT projects such as blockchain games within hours without having to be a blockchain coding guru.

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Uniglo price prediction: What is GLO and will it be a good buy

Uniglo and Tamadoge are the two most hyped cryptocurrencies of 2022. Tamadoge has become extremely popular such that the developers raised $8.5 million within 24 hours from investors. In this article, we will explain what Uniglo is and whether GLO, its native token will be a good investment.

What is Uniglo?

Uniglo is an upcoming blockchain project and cryptocurrency that will be unveiled in the next few months. According to its whitepaper, Uniglo is a community-based social currency that will be backed by digitized tangible assets, cryptocurrencies, and rare NFTs. 

The goal of this cryptocurrency will be to reduce the substantial volatility that exists in the cryptocurrency industry. This is an important thing considering what we have experienced in the crypto industry where the price of most coins has crashed by over 50%. 

There will be 218,750,000 GLO tokens that will have an ultra burn mechanism. 80% of those tokens will be sold to the public while 7.3% will be added to a liquidity pool. 5% of them will go to the Uniglo Foundation while 5% and 2% will go to development and marketing. 

Uniglo price prediction

Like Tamadoge and Sweatcoin, it is impossible to do a Uniglo price prediction since the coin has not been launched. According to the developers, the first pre-sale took place between 15th July and 15th August. The second presale will run until September 15. After that, there will be a token sale between 15th September and 15th October. 

This period will also include the launch of the GLO token through an airdrop. The final major step will be wrapping the token for multi-chain capabilities. 

So, is Uniglo a good cryptocurrency to buy? While Uniglo has been extremely hyped, we believe that it is an extremely risky coin to buy. For one, we have already seen so many crypto scams in the past few months. 

Also, it is unclear who the founders of Uniglo are and whether it is actually registered. Therefore, the recommendation is that you should wait before you invest in it.

The post Uniglo price prediction: What is GLO and will it be a good buy appeared first on CoinJournal.

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Stargate Finance price prediction: What is STG and is it a good buy?

Stargate Finance price has performed relatively well in the past few days as demand for the coin has risen. STG jumped to a high of $1.15 last week, which was the highest level in months. It has now pulled back slightly and is trading at $0.773, giving it a market cap of over $102 million.

What is Stargate Finance and STG?

Stargate Finance is a fast-growing blockchain platform in the decentralized finance (DeFi) industry that solves a bridging problem. According to its white paper, Stargate solves three key problems that exist in the sector. 

First, existing developers rely on wrapped assets to move native assets between chains. Second, they can only support a small limited network of chains. And finally, they cannot be composed with smart contracts on the destination chain.

Stargate Finance solves this challenge by making it easy for people to move assets across multiple chains. While solutions like the Avalanche Bridge and AnySwap enable this transfer, they have the challenge of instant guaranteed finality and unified liquidity.

Therefore, a user can transfer assets across chains at a 1:1 ratio. For example, one can swap one Ethereum-based Dai for one Dai on the Avalanche blockchain.

Stargate Finance is available across multiple chains like Ethereum, Avalanche, Arbitrum, BNB, Polygon, Optimism, and Fantom. According to DeFi Llama, Stargate Finance has a total value locked of over $679 million.

STG is the native token for the Stargate ecosystem and users can easily stake it to earn returns. Also, they can participate in its governance.

Stargate Finance price forecast

The four-hour chart shows that the STG price has been in a strong bullish trend in the past few weeks. This saw it jump from $0.3295 to a high of $1.1465. Recently, however, Stargate Finance price has lost bullish momentum and formed a head and shoulders pattern.

It has also dropped below the 25-day and 50-day moving averages. Its volume has also declined. Therefore. There is a likelihood that the coin will have a bearish breakout that will see it drop to the support at $0.5452, which is about 30% below the current level. 

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