The crypto industry in East Asia has been marred by recent controversies and legal challenges. This article delves into the key developments, shedding light on various issues such as alleged bribery, frozen accounts, and legal bans on crypto lending contracts. These incidents highlight the complex landscape of cryptocurrencies in the region and its impact on
Altcoins
Ethereum staking protocol Lido Finance recently faced significant challenges due to infrastructure and signer configuration issues from validators operated by Launchnodes. These challenges resulted in a series of slashing events, impacting the protocol’s operations and the stakers involved. On October 11th, Lido Finance experienced a total of 20 slashing events on the Ethereum blockchain. These
Chainlink (LINK) has seen significant price fluctuations since September, outperforming other major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). However, the recent correction in October has raised concerns among investors about the sustainability of its upward trajectory. Despite its strong performance in September, LINK’s price is still far below its all-time high in May
Polygon’s native token, MATIC, experienced a 16.4% rally with the launch of Polygon 2.0 Goreli testnet on Oct. 4. However, what followed was a 10.6% decline over the course of six days leading up to Oct. 10. The resistance at $0.60 proved to be stronger than anticipated, wiping out the gains from the early October
The world of nonfungible tokens (NFTs) has experienced rapid growth and popularity in recent years, attracting both enthusiasts and opportunists alike. However, with increased attention comes a heightened risk of controversies and scandals. One such controversy emerged when NFT platform OpenSea was accused by anonymous accounts on social media of being connected to the infamous
The price of Solana’s SOL (SOL) recently experienced a 20% gain. However, it is important to determine whether this rally is merely a result of a correlation with Bitcoin (BTC) or if there are other factors at play. Prior to this price breakout, SOL faced a turbulent period following the approval of a U.S. court
Stars Arena, a decentralized social media (DeSo) application, has observed a significant surge in activity on Avalanche’s C-Chain network. This increase in network activity has also led to a rise in the price of Avalanche’s native AVAX token, which has experienced a growth of over 8% in the past 24 hours. Since its launch in
The Open Network (TON), the decentralized blockchain platform initially designed by Telegram, has recently secured significant funding from the venture arm of the cryptocurrency exchange MEXC. In a strategic move, MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange, has made an eight-figure investment in TON, aiming to promote global Web3 accessibility by lowering entry
Cryptocurrency assets saw a positive change in their flow for the first time in six weeks, according to the latest report from CoinShares, a European digital assets management firm. The report highlighted that Bitcoin (BTC) was the biggest gainer during this period, with inflows amounting to $20.4 million. Solana (SOL) followed closely behind with $5
In a recent case that has raised concerns among China’s IT and Web3 communities, an unnamed individual was fined 1.06 million Yuan ($144,907) for using a virtual private network (VPN) to access restricted websites as part of their remote work routine for a foreign employer. The individual, who worked as a consultant between 2019 to