All that Glitters Is Not Gold
The cryptocurrency world is still not a scam-free space. Karatbars founders promised to bring “safe gold” with their Karatgold Coins to the blockchain industry but it doesn’t seem that they were really going to do it.
This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
The cryptocurrency world is still not a scam-free space. Karatbars founders promised to bring “safe gold” with their Karatgold Coins to the blockchain industry but it doesn’t seem that they were really going to do it.
Announced at Ethereum Foundation’s Devcon 5 conference, OpenLibra is described as an “open platform for financial inclusion,” with a telling tagline: “Not run by Facebook.”
The Japanese internal affairs and communications minister Sanae Takaichi has indicated that donations to politicians are legal and without limit.
Crypto exchange Binance continues its development spree by announcing a new P2P trading facility making BTC, ETH, and USDT available against the Chinese Yuan.
Polychain Capital has so far said that it will partner with China Merchants Bank International (CMBI) to contribute $5.7 million to the token sale Nervos Network scheduled to kick off on October 16.
Messaging giant Telegram eventually released official details on its yet-to-be-launched Gram wallet and token.
UNICEF launched a cryptocurrency fund and is accepting donations in Bitcoin and Ethereum. The initiative has been rolled out to fund open-source technology benefiting children and young people around the world.
An official statement from Jennifer Robertson, the widow of QuadrigaCX founder Gerald Cotten, confirms that she will hand over more than $9 million to compensate the users of the now-defunct crypto exchange.
Ripple CEO Brad Garlinghouse said that Libra would not get off the ground for at least three years. He thinks regulatory scrutiny over Facebook’s crypto project is due to the social media giant’s privacy debacle last year.
NBA’s Sacramento Kings announced the rollout of their new ‘Kings Token’ for fan rewards making them the first professional sports team in the United States to launch a crypto asset for fan rewards.
The WFE, which scouts together over 70 exchanges, including the London Stock Exchange Group, Deutsche Borse, NASDAQ, and Intercontinental Exchange, has requested FCA not to illegalize cryptocurrency derivatives.
Encryption startup NuCypher raises $10.7 Million in a simple agreement for future tokens (SAFT) from venture capital heavyweights, including Bitmain, Bitfury, Polychain Capital and others.
Ripple’s XRP token has gained more than 10% in just the last three days which has caused traders to turn bullish on the XRP/BTC pair.
Microsoft and Intel back the rewards token of the Enterprise Ethereum Alliance which is an open standards organization that works to implement open-source architecture within the Ethereum ecosystem.
While the plaintiffs claim that it would be “premature” to calculate damage inflicted by Tether and Bitfinex, they have estimated that the defendant’s liability likely surpasses a whopping $1.4 trillion.