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Open-source block explorer Blockscout has closed a $3 million seed round led by 1kx, along with other investors such as Primitive Ventures and Gnosis, as well as angels including Evan Van Ness, Alex Svanevik, Kartik Talwar, Anton Bukov, and Stefan George. The platform offers an open-source block explorer specifically designed for EVM networks, thus allowing users to view more information about blockchain transactions, blocks, addresses, and other onchain data.  The funds will be used to improve the startup’s product suite, improve user experience, and expand its Explorer-as-a-Service (EaaS) offering. Blockscout is said to support over 600 networks, with both an open-source option for self-hosting and a hosted explorer service. Its portfolio

Open-source block explorer Blockscout has closed a $3 million seed round led by 1kx, along with other investors such as Primitive Ventures and Gnosis, as well as angels including Evan Van Ness, Alex Svanevik, Kartik Talwar, Anton Bukov, and Stefan George. The platform offers an open-source block explorer specifically designed for EVM networks, thus allowing users to view more information about blockchain transactions, blocks, addresses, and other onchain data.  The funds will be used to improve the startup’s product suite, improve user experience, and expand its Explorer-as-a-Service (EaaS) offering. Blockscout is said to support over 600 networks, with both an open-source option for self-hosting and a hosted explorer service. Its portfolio of clients includes protocols such as Conduit, AltLayer, Gelato, Chainstack, Astria, Arbitrum, Filecoin, OP, Base and Immutable.

  tether.io2 h On August 9, 2024, Celsius Network Limited, acting through the Blockchain Recovery Investment Consortium, LLC, filed suit against Tether Limited, and certain of its affiliates, in the United States Bankruptcy Court for the Southern District of New York. This baseless lawsuit against Tether proves the adage that “no good deed goes unpunished.” The claims arise out of a 2022 agreement under which Tether made USD₮ available to Celsius, in amounts that Celsius requested at the time. Under the agreement, Celsius posted bitcoin (BTC) to Tether as collateral. As the price of BTC began to fall in June 2022, the agreement required Celsius to post additional collateral to avoid the liquidation of its BTC. When Celsius chose not to post additional BTC it directed Tether to liquidate the BTC collateral Tether held in order to close out its roughly 815 million USD₮ position with Tether. Rather than recognize the clear validity of the agreement entered into years before Celsius’ bankruptcy, this lawsuit seeks to improperly impose the costs of Celsius’ mismanagement and failure on Tether. Over two years following its arm-length agreement with Tether—and armed with the benefit of hindsight—this lawsuit incredibly now seeks the return of approximately US$2.4 billion worth of BTC from Tether, despite the BTC being liquidated at Celsius’ direction and with Celsius’ consent at June 2022 prices. The complaint is undermined by the actual facts underlying the agreement between Celsius and Tether, relies on an obvious misapplication of the law, ignores the numerous defenses that Tether has to the claims asserted against it and raises substantial jurisdictional questions. We look forward to responding in court to this contrived, meritless shakedown that will benefit nobody other than the lawyers, bankers and consultants involved in bringing this case. As we’ve said many times, Tether will never fall prey to shameless litigation money grabs. We will vigorously defend ourselves against the unwarranted allegations made against us, and we expect to prevail in this litigation. Finally we note that because of Tether’s prudent management, as recently announced, the consolidated equity of the Tether group was nearly US$12 billion on June 30, 2024. In addition to our current consolidated equity, Tether operates an extremely profitable business with further profits accruing monthly. As a result, even if the alleged claims were not meritless, they would have no impact on the holders of Tether tokens.ness with further profits accruing monthly. As a result, even if the allegeds of Tether tokens.

According to Odaily, open-source blockchain explorer Blockscout has successfully raised $3 million in a seed funding round. The round was led by 1kx, with participation from Primitive Ventures and Gnosis. Angel investors included Evan Van Ness, Alex Svanevik, Kartik Talwar, Anton Bukov, and Stefan George. Blockscout plans to utilize the funds to further develop its product suite and improve user experience. The enhancements will include integrating social elements and AI-supported tools directly into the dashboard.