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
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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,
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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
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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
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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
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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
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