[ad_1] On Oct. 10, the development team for gaming project FinSoul carried out an alleged exit scam, siphoning away $1.6 million from investors through market manipulation, according to a recent report from blockchain security platform CertiK shared with Cointelegraph. The FinSoul team allegedly hired paid actors to pretend to be its executives, then raised funds for the sole purpose of developing a gaming platform. However, instead of actually creating the platform,
[ad_1] Our weekly roundup of news from East Asia curates the industry’s most important developments. Bitmain allegedly fired staff after salary complaints Bitcoin application-specific integrated circuit (ASIC) mining manufacturer Bitmain has allegedly fired three of its employees for speaking to the media regarding the withholding of salary payments by their employer. According to local news reports on Oct. 17, citing an alleged internal Bitmain memo, the company accused three staff members of
[ad_1] Popular social network platform Reddit announced the winddown of its blockchain-based community points program on Oct. 17, citing scalability issues. The announcement created controversy in the crypto community, with many calling it a rug-pull, as the price of the native token on different subreddits tanked after the news was revealed. Each subreddit had its own native token. For example, the Moons (MOON) token was the native crypto asset of r/CryptoCurrency,
[ad_1] XRP (XRP) price is up today following news that the United States Securities and Exchange Commission (SEC) has asked a federal judge to withdraw the case against Ripple’s co-founder Christian Larsen and CEO Brad Garlinghouse.The cryptocurrency climbed nearly 9% after the news, hitting $0.53, its highest level in two weeks.XRP/USD daily price chart. Source: TradingViewBack-to-back Ripple wins boost XRP demandThe SEC had accused Larsen and Garlinghouse of selling $1
[ad_1] Ripple’s latest win in its legal battle against United States securities regulators has been marred by news of the blockchain platform LBRY shutting down operations, which triggered the community to react.The U.S. Securities and Exchange Commission (SEC) announced its intention to dismiss all claims against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen on Oct. 19. The event marked a significant legal win for Ripple in the civil
[ad_1] Blockchain company LBRY — the creators of the LBRY blockchain — has issued its final message to the crypto community, citing “several million dollars” of debts that have now made it impossible for the firm to continue.“This will be our last post,” said the LBRY team in an Oct. 20 statement on Odysee, a LBRY-powered video-sharing website, which was also shared on X (formerly Twitter). LBRY Inc. is winding
[ad_1] From privacy coins to shiny iris-scanning orbs, zero-knowledge proofs have become synonymous with crypto, scalability and privacy. In 2022, investors gave over $700 million in funding to companies pushing the envelope with zero-knowledge proofs. This year, ZK-proofs has arguably become one of the biggest blockchain trends, with several major Ethereum scaling protocols hitting mainnet. ZK-proofs are a cryptographic protocol that allows one party to prove the truth of a
[ad_1] AdvertismentBoston, Massachusetts, October 19th, 2023, Chainwire Doge Uprising ($DUP) is a brand new crypto presale set to make its mark in Q4. This project stands out from the crowd with its unique features. Its detailed roadmap paints a vibrant picture of a Web3 universe enriched by an exclusive NFT collection and an interactive manga series. Doge Uprising’s Defiant Rise in the Memecoin Revolution 2023 has been a fantastic year
[ad_1] Sui’s native SUI token has struggled to regain ground after plunging more than 9% amid allegations from South Korean regulators, which have accused the Sui Foundation of manipulating the supply of the token for its own gain. SUI token gained a little under 1% in the last 24 hours after falling from $0.41 on Oct. 16 to new lows of $0.37 on Oct. 18. Current prices mark a 7% decline
[ad_1] AdvertismentZug, Switzerland, October 18th, 2023, Chainwire Today, The Open Network Foundation (TON Foundation), the non-profit Swiss organization working towards growing a Web3 ecosystem within Telegram, has announced a collaborative endeavor with Blockchain.com, one of the world’s most trusted and popular platforms for retail customers and institutions to buy, sell, and trade cryptocurrency. Through this collaboration, Blockchain.com and TON Foundation will make crypto more accessible for the over 800 million
