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PEPE Token’s Rapid 17% Fall Sparks Concerns Over Multi-Sig Wallet Changes and Massive Fund Transfers

25.8.2023
In the wake of the meme token’s meteoric ascent, pepe (PEPE) has plummeted by over 17% in the last 24 hours. Buzz on social media suggests a significant amount of funds held by the development team are being transferred to exchanges. Moreover, alterations have been made to the team’s...

Today in Crypto: HashKey to Start Offering Crypto Trading to Retail Clients in Hong Kong, ARK Invest & 21Shares Apply for Futures ETFs, Prime Trust Lost $8 million of Client & Treasury Funds in a TerraUSD Investment

25.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: HashKey to Start Offering Crypto Trading to Retail Clients in Hong Kong, ARK Invest & 21Shares Apply...

Tokenization News Roundup: Resource Extraction, Social Media Monetization and Real World Connections

24.8.2023

Base, Optimism unveil shared governance and revenue-sharing framework

24.8.2023
The two networks will share profits and governance using multi-signature wallets, and a ‘Security Council’ will be formed as the ecosystem grows

Thailand Threatens Facebook With Shutdown Over Crypto Scams

23.8.2023
The government in Bangkok will try to shut down Facebook in Thailand alleging the social media network isn’t doing enough to stop scams. Fraudsters have been luring users to invest in fake companies and cryptocurrencies, authorities said, and the number of complaints has been mounting. Meta...

Nigerian Crypto Trading Platform Unilaterally Converts User Funds to New Stablecoin — Move Sparks Exit Scam Fears

23.8.2023
A Nigerian crypto trading platform, Patricia, announced on Aug. 18 that it had converted users’ outstanding funds to its U.S.-backed stablecoin known as “Patricia Token.” Some social media users have slammed the crypto trading platform’s unilateral decision to convert...

Binance Needs to Get Off Twitter

22.8.2023

The Enigmatic Rise of the $3 Billion BTC Whale — Tracing the Mysterious Path of Bitcoin’s Third Largest Wallet

22.8.2023
This week, various reports and social media discussions have centered around the third-largest bitcoin (BTC) wallet, a long-standing enigma that potentially maintains the same ownership despite changes in its address. Billion-Dollar Mysteries: The Cryptic Evolution of Bitcoin’s Third-Largest...

Cryptocurrency Scammers Exploit ChatGPT-Powered Botnet on Social Platform X

22.8.2023
A recent investigation by researchers at Indiana University Bloomington has unveiled the use of a botnet powered by ChatGPT, a sophisticated AI language model developed by OpenAI, to promote cryptocurrency scams on X (formerly known as Twitter).... Read More: Cryptocurrency Scammers Exploit...

Privacy Breach at Friend.tech: Wallet Addresses and Usernames of 101,000 Users Exposed

22.8.2023
Friend.tech has suffered from a major privacy breach that has led to the unauthorized disclosure of sensitive information pertaining to more than 101,000 individuals. Banteg, a core contributor to popular DeFi project Yearn Finance, has published a repository of publicly available scraped data...

China to extend its Social Credit System across the metaverse

22.8.2023
POLITICO recently shared a new report offering insights into China’s upcoming plans regarding the online sphere. The report suggests China plans to extend its renowned social credit system across the metaverse. The system will also be applicable to other virtual worlds, showcasing the growing...

Friend.tech Attracted NBA Influencers. So Why Does Everyone Think Crypto’s Latest Trend Will Die?

21.8.2023
Despite its initial success in attracting celebs, the portents aren’t good for the latest “Twitter-killer.”

Decentralized Social Network Friend.tech Surpasses $1 Million in 24-Hour Fees, Leaving Uniswap and Bitcoin Behind

21.8.2023
Decentralized social network Friend.tech has generated over $1 million in fees within just 24 hours of its release, outperforming well-established players like Uniswap and the Bitcoin (BTC) network. According to data from crypto data aggregator DefiLlama, Friend.tech has generated $1.12 million...

Social Platform Friend.tech Gains 100K Users in Days Even in Depths of a Bear Market

21.8.2023
The growth correlates with the more than $25 million in revenue generated by the platform since its Aug. 10 launch

China Wants To Implement Social Credit System With Digital IDs In The Metaverse

21.8.2023
A new report suggests that China is pushing proposals aiming to transplant its traditional social credit system to the metaverse as it seeks to establish greater control. According to Politico, the proposals were initially drafted by China Mobile, the state’s telecom provider termed the “Digital...