Lithosphere (LITHO) Developer KaJ Labs Announces Letter of Intent to Acquire Genesis Global Capital, DCG Assets For $1.5 Billion
Seattle, Washington--(Newsfile Corp. - January 23, 2023) - KaJ Labs announced that it has issued a Letter of Intent (LOI) to acquire the assets of the distressed crypto firm Genesis Global Capital for $1.5 billion. KaJ Labs seeks to purchase the remaining qualified assets of Genesis Global Capital LLC. Genesis Global Capital, also known as Genesis Global Trading, is a cryptocurrency brokerage for institutional investors. Genesis is a subsidiary of Digital Currency Group (DCG). Genesis filed...
2023-01-23 1:00 AM EST
Lithosphere (LITHO) Blockchain Developer Plans to Extend $830M Credit Facility to Genesis, Digital Currency Group (DCG)
Seattle, Washington--(Newsfile Corp. - January 19, 2023) - Lithosphere blockchain core developer KaJ Labs is willing to help Digital Currency Group (DCG) with its insolvency issues by extending a credit facility of $830 million. The Lithosphere network aims to eliminate bottlenecks hindering mainstream blockchain tech adoption by offering a robust infrastructure for distributed value transfer and interoperability across multiple blockchain networks. Genesis, a crypto broker owned by DCG,...
2023-01-19 1:00 AM EST
Lithosphere (LITHO) to Launch Finesse P2E Game & NFT Collection on Tron Network
New York, New York--(Newsfile Corp. - January 11, 2023) - Lithosphere developer KaJ Labs will utilize TRON for the Finesse P2E game and the upcoming NFT collection from the game. Lithosphere announced its play-to-earn (P2E) game series Finesse with two chapters, "Shadow Warriors" and "The Kingdom." The multi-player platformer features intense gameplay with mixed RPG elements.
2023-01-11 1:00 AM EST
Lithosphere (LITHO) Blockchain Burns Millions of Terra Luna Classic in Anticipation of Finesse P2E Game Release
Seattle, Washington--(Newsfile Corp. - December 19, 2022) - Lithosphere core developer KaJ Labs has burnt millions of LUNC in anticipation of the upcoming official release of Finesse: Shadow Warriors (FSW), where LUNC will be burned during game play. KaJ Labs announced in Oct. 2022 that it would integrate Terra Luna Classic (LUNC) in the game series and that a website would be established to allow individuals to view the burn in real-time. KaJ Labs announced that due to current market...
2022-12-19 1:08 AM EST
Lithosphere (LITHO) Blockchain Announces Plans to Support & Burn 100T Shiba Inu in Finesse P2E Series' SHIB Metaverse
Seattle, Washington--(Newsfile Corp. - December 12, 2022) - Lithosphere developer KaJ Labs has announced that the Finesse game series will compensate players with Shiba Inu (SHIB) and the SHIB will also be utilized as a payment method for some marketplace items. The Lithosphere (LITHO) core developers plan to implement a burn mechanism in the upcoming Finesse: Shadow Warriors play-to-earn game. With this move, the developers aim to burn 100 trillion Shiba Inu. Lithosphere's Finesse game...
2022-12-12 1:01 AM EST
Lithosphere (LITHO) Developer KaJ Labs to Issue Second LOI to Voyager Digital
Seattle, Washington--(Newsfile Corp. - November 22, 2022) - KaJ Labs, developer of Lithosphere (LITHO), announced that it will extend a second offer to Voyager Digital Holdings to acquire its assets. KaJ Labs still sees value in Voyager Digital's assets. On July 11, 2022, KaJ Labs announced it had issued a Letter of Intent (LOI) to acquire Voyager's assets. KaJ Labs management believed it was negotiating in good faith with Voyager, a claim that Voyager management denied during its Chapter 11...
2022-11-22 5:30 AM EST
Lithosphere (LITHO) Developer KaJ Labs Disputes $2B Exposure to FTX/Alameda Research
Seattle, Washington--(Newsfile Corp. - November 14, 2022) - KaJ Labs is disputing the $2B Exposure to FTX/Alameda Research. The creator of Lithosphere (LITHO) announced that it unequivocally had no exposure to FTX, its trading firm Alameda Research, or charitable arm, FTX Future Fund. Fake reports on social media feeds have reported that KaJ Labs had an indirect exposure of more than $2 billion with FTX/Alameda. This is not true. Neither is KaJ Labs looking to offer a credit facility to FTX...
2022-11-14 9:27 AM EST
KaJ Labs Announces $55 Million Grant Program for Luna Classic Developers to Fund Projects Building on Terra Classic and Lithosphere (LITHO)
Seattle, Washington--(Newsfile Corp. - November 2, 2022) - KaJ Labs, the developer of Lithosphere (LITHO), is planning on establishing a $55 million grant program for developers building dApps on the Terra Classic chain and Lithosphere. Priority will be given to projects that showcase real world utility for Lithosphere, while implementing a burn mechanism for Terra Classic (LUNC). The KaJ Labs Foundation will advise and fully support development teams working on the revival of the Luna...
2022-11-02 1:00 AM EDT
Lithosphere (LITHO) Blockchain Developers Dispute Reports of Collaboration with Binance on 2.5 Trillion Terra Luna Classic Burn
Seattle, Washington--(Newsfile Corp. - October 25, 2022) - Rumors and reports have been circulating online indicating that Lithosphere/KaJ Labs is working with Binance on the 2.5 trillion Terra Luna Classic (LUNC) burn. KaJ Labs wants to make it clear with audiences and the community that this has no basis in truth or fact. Although Lithosphere's native token LITHO runs on Binance Smart Chain (BSC) for now, KaJ Labs has no affiliation whatsoever with Binance or its affiliates. Lithosphere...
2022-10-25 3:00 AM EDT
Lithosphere (LITHO) Developer KaJ Labs Makes Offer to Acquire Remaining Assets of Luna Foundation Guard For Terra Classic USD's (USTC) Reserve to Burn LUNC in FINESSE
Seattle, Washington--(Newsfile Corp. - October 18, 2022) - KaJ Labs, developer of Lithosphere (LITHO), announced that it plans to buy Luna Foundation Guard's (LFG) assets for $26 million. The assets will be used for Terra Classic USD's (USTC) reserve and to burn LUNC and via the Finesse game series. The announcement by KaJ Labs comes in the wake of LFG indicating it was unable to disperse its remaining assets to UST holders. LFG said this was due to pending and potential litigation. The LUNC...
2022-10-18 2:00 AM EDT
Seattle-based KaJ Labs Commits an Additional $450 Million to Accommodate 2.5T Terra Luna Classic Burn with Lithosphere (LITHO) Blockchain
Seattle, Washington--(Newsfile Corp. - October 10, 2022) - KaJ Labs, the core developer of Lithosphere (LITHO), announced that it will allot an additional $450 million to accommodate and accelerate the burn of Terra Luna Classic (LUNC) in its upcoming Finesse Shadow Warriors P2E game. That's in addition to the $100M that Lithosphere already allocated for the burn. The additional funds will facilitate a 20 percent increase in monthly burn quotas in the Finesse Shadow Warriors game in Q1 2023...
2022-10-10 1:00 AM EDT
Lithosphere (LITHO) Blockchain Releases Roadmap for Implementing Terra Classic & Burning 2.5 Trillion LUNC
Seattle, Washington--(Newsfile Corp. - October 6, 2022) - Lithosphere (LITHO), confirmed it will integrate Terra Luna Classic (LUNC) in its upcoming Jot Art Finesse game series launch on Dec. 18, 2022 with a goal to burn 2.5 Trillion Terra Luna Classic (LUNC) during FINESSE: Shadow Warriors' gameplay. Lithosphere core developer, KaJ Labs is bringing gaming utility to Terra Luna Classic (LUNC), while speeding up the burning process to manage LUNC's supply. The Lithosphere project and KaJ Labs...
2022-10-06 9:42 AM EDT
Lithosphere (LITHO) Blockchain Confirms Upcoming Burn of 2.5 Trillion Terra Luna Classic (LUNC) During FINESSE P2E Gameplay
Seattle, Washington--(Newsfile Corp. - October 3, 2022) - Lithosphere core developer, KaJ Labs, recently announced that it was planning to implement Terra Luna Classic (LUNC) as one of the networks in its cross-chain FINESSE games. The next-generation network has now made the decision official. It will burn 2.5 trillion in LUNC used in the network's new FINESSE game series. KaJ Labs will allocate $50 million to $100 million to facilitate the burn during the first season of Finesse. "The...
2022-10-03 1:01 AM EDT
Lithosphere (LITHO) Blockchain to Implement & Burn 2.5T Terra Luna Classic in FINESSE P2E Game, Finesse NFT Collection Drops on Oct 1
Seattle, Washington--(Newsfile Corp. - September 28, 2022) - Few NFT launches have been as eagerly awaited as the Lithosphere (LITHO) Jot Art Finesse NFT collection. Lithosphere creator, KaJ Labs, expects the NFT collection to sell out quickly when it's launched on Oct. 1, 2022 at O0:00 UTC for private sales. Public sales begin on the same day at 01:00 UTC. The INO launch will take place on a variety of platforms that include Liquidfty, DarePlay/DareNFT and NFTb. Jot Art's two-chapter gaming...
2022-09-28 8:12 AM EDT
Seattle-Based Crypto Startup KaJ Labs Offers to Contribute Funds to Tornado Cash Developer Alexey Pertsev's Legal Defense
Seattle, Washington--(Newsfile Corp. - September 19, 2022) - KaJ Labs is a staunch supporter of cryptocurrency, fairness and justice. To that end, the Lithosphere creators and builders have expressed their willingness to support the legal defense fund for Tornado Cash developer, Alexey Pertsev. The announcement came after the U.S. Treasury's Office of Foreign Assets Control (OFAC) enacted sanctions on the Tornado Cash crypt mixing platform. This is the first sanctioning of its kind by OFAC of...
2022-09-19 7:00 AM EDT
Lithosphere (LITHO) Developer Makes $1.2 Billion Offer to Acquire Majority Stake in Huobi Global Cryptocurrency Exchange
Seattle, Washington--(Newsfile Corp. - September 6, 2022) - KaJ Labs, core developer of the Lithosphere blockchain, announced its offer to acquire a 60% majority stake in Huobi Global Limited crypto exchange. If accepted, KaJ Labs is prepared to move swiftly on the acquisition. KaJ Labs will have exclusive negotiation rights and be informed of any other party making offers. If the two entities fail to come to an agreement, the LOI will expire within 60 days, no later than 5 p.m. Eastern...
2022-09-06 7:00 AM EDT
KaJ Labs to Raise $500 Million Fund for Lithosphere's Growth Initiatives & to Purchase Bitcoin (BTC)
Seattle, Washington--(Newsfile Corp. - August 11, 2022) - KaJ Labs announced its intention to raise $500 million for Lithosphere's Growth Fund. The initiative comes less than two months after KaJ Labs received a $400M commitment from GEM Digital (GEM) for Lithosphere's development. The funds will be used to grow the Lithosphere ecosystem and launch new initiatives. Some of the funds will also be used to purchase bitcoin and bitcoin mining equipment. The Lithosphere network aims to eliminate...
2022-08-11 7:00 AM EDT
Lithosphere (LITHO) Launches $145 Million Developer Grant Program, Commits to Supporting Ripple (XRP) in Legal Defense vs. SEC
Seattle, Washington--(Newsfile Corp. - July 26, 2022) - Lithosphere announced that it will be launching a $145 million developer grant and incubation program. The core team building Lithosphre, KaJ Labs will devote $100 million to fund and incubate Lithosphere's infrastructure projects and dApps. The remaining $45 million will be used to conduct regional and global mainstream development programs and bug bounties. Lithosphere also reaffirmed its support of Ripple vs. SEC. The Lithosphere...
2022-07-26 7:00 AM EDT
KaJ Labs Rescinds $250 Million LOI to Acquire Voyager Digital's Assets
Seattle, Washington--(Newsfile Corp. - July 21, 2022) - Lithosphere developer, KaJ Labs, announced today that it has rescinded its Letter of Intent (LOI) to acquire the digital assets of Voyager Digital Holdings. Lithosphere cited disagreements regarding the deal structure and the closing process for the decision. Voyager Digital provides a suite of APIs and mobile apps that allows trading of multiple types of digital assets. The KaJ Labs management team has been in contact with Voyager...
2022-07-21 9:39 AM EDT
Lithosphere (LITHO) Developer KaJ Labs Announces Letter of Intent to Acquire Voyager Digital Assets for $250 Million
Seattle, Washington--(Newsfile Corp. - July 11, 2022) - KaJ Labs announced that it has issued a Letter of Intent (LOI) to Voyager Digital Holdings to acquire the assets of the distressed crypto firm. KaJ Labs seeks to purchase the remaining qualified assets of Voyager Digital Holdings. Voyager Digital provides a functional suite of APIs and mobile apps to allow anyone to trade multiple types of digital assets. KaJ Labs has set aside $250 million for the acquisition which would primarily be...
2022-07-11 7:00 AM EDT