Altcoins

Reddit has announced its plan to close down its long-standing blockchain-based rewards service called “Community Points.” This decision is mainly driven by scalability concerns, as mentioned in an official statement made by a Reddit team member on October 17. Despite recognizing potential opportunities for the service, Reddit acknowledges that it is not feasible to scale

TrueUSD (TUSD), a stablecoin, recently reported a potential leak of Know Your Customer (KYC) and transaction history data. This breach occurred after a third-party vendor associated with TrueCoin, the operator of TUSD, was compromised. While TrueCoin confirmed that its internal systems were not affected, there are concerns regarding the compromised customer data. On October 16,

In a shocking revelation, Caroline Ellison, co-founder of FTX-linked hedge fund Alameda Research, testified on October 11 that her colleague and disgraced FTX founder Sam Bankman-Fried had allegedly paid $150 million in bribes to Chinese government officials in 2021. This amount was higher than the initially disclosed $40 million. Ellison further explained that two years

In a recent unfortunate turn of events, Lido Finance, an Ethereum staking protocol, experienced a series of slashing incidents caused by infrastructure and signer configuration issues. This article delves into the incident, highlights the impact on Lido Finance and its stakeholders, and explores the lessons learned from this unfortunate event. On October 11, at approximately

Chainlink (LINK) has been a star performer in the cryptocurrency market since September, outpacing Bitcoin (BTC), Ethereum (ETH), and many other altcoins. However, the current month has not been as kind to LINK, as it has faced a 10% correction in October. This has left investors concerned that the support level of $7.20 may break,

Polygon’s native token (MATIC) recently experienced a 16.4% rally following the launch of the Polygon 2.0 Goreli testnet on Oct. 4. However, the resistance at $0.60 proved to be stronger than anticipated, leading to a 10.6% decline over the six days that followed. This decline was exacerbated by negative news regarding the departure of a

In the world of nonfungible tokens (NFTs), scandals and controversies can often capture the attention of the community. Recently, accusations have emerged on social media linking OpenSea’s former head of ventures, Kevin Pawlak, to the infamous AnubisDAO rug pull in 2021. However, OpenSea has publicly denied any knowledge or evidence of Pawlak’s involvement in the

The price of Solana’s SOL (SOL) experienced a significant gain between Sept. 28 and Oct. 6. However, it begs the question: is this rally simply riding on the coattails of Bitcoin (BTC), or is it being driven by other factors? Before this price breakout, SOL faced a turbulent period due to the approval of the

Stars Arena, a decentralized social media (DeSo) application, has recently caused a significant surge in activity on Avalanche’s C-Chain network. This surge in activity has not only boosted the network’s performance but also resulted in a remarkable price increase of the native AVAX (AVAX) token, which has grown by over 8% in the past 24

The Open Network (TON), a decentralized blockchain platform initially designed by Telegram, has recently secured significant funding from MEXC Ventures, the venture arm of the cryptocurrency exchange MEXC. With this partnership, TON aims to promote global accessibility to Web3 by lowering barriers to entry. This collaboration between MEXC Ventures and the TON Foundation brings forth

The most recent Digital Asset Fund Flows Weekly Report by CoinShares, a prominent European digital assets management firm, provides valuable insights into the current state of cryptocurrency investments. According to the report, cryptocurrency assets saw inflows for the first time in six weeks, from September 22 to 28. This development points to a potential shift

In a recent development, an individual in China has been fined a staggering 1.06 million Yuan ($144,907) for using a virtual private network (VPN) to access restricted websites while working remotely for a foreign employer. This incident has raised concerns within China’s IT and Web3 circles, as many rely on VPNs for similar remote-work tasks.

A crypto trader and educator, Thomas Kralow, recently embarked on an audacious journey across the United States. His goal was to travel from New York to Alaska, relying solely on cryptocurrency trading to fund his adventure. With an initial budget of $5,000, Kralow set off on this daring expedition alongside his assistant Ilya. Equipped with

The native OP token of Optimism has been facing a significant downturn in price among the top 50 cryptocurrencies, dropping as much as 10% in the week leading up to a $30 million token unlock. With 24.16 million OP tokens set to be unlocked on September 30, comprising approximately 3% of the circulating supply, a