Contents
We have both good news and bad news. While the leading tokens are slowly recovering from a series of crashes in the cryptocurrency market, other coins and their developers are facing problems. Oh yeah, the scams aren’t going anywhere either. Here’s today’s roundup of top news.
South Korea’s five largest crypto exchanges (Upbit, Bithumb, Coinone, Korbit and Gopax), announced the delisting of gaming platform token WEMIX. The reason was false information. Support for WEMIX transactions should end at 3pm on the 8th of next month.
Meanwhile, the price of WEMIX is falling by more than 60% on every exchange after the announcement of delisting DAXA.
That said, WEMIX recently announced a $46 million investment, including from Microsoft.
The brand new newsletter with insights, market analysis and daily opportunities.
Let’s grow together!
Cryptocurrency lending platform Hodlnaut is under police investigation in Singapore on suspicion of fraud. Both the cryptocurrency platform and its executives are being investigated. Hodlnaut lost nearly $190 million in the collapse of the price of the stablecoin UST. Hodlnaut has 17,513 lenders.
U.K. lawmakers voted for new rules that could make it easier for law enforcement to seize, freeze and recover cryptocurrency linked to terrorist activity.
The decentralized ecosystem that was working on a stable Ardana coin for Cardano has halted development. That’s when many people started talking about fraud. Following this announcement, the Native token of the DANA platform collapsed by 80%.
Ardana Labs, the authors of the project, cited “recent developments regarding funding and the uncertainty of the project’s timeline” as the reason for the halt. But the source code will remain open source.
Orbis, an Ardana-related project, has also suspended its development.
Leading cryptocurrency crowdfunding platform Coinlist cannot withdraw its coins. But users are assured that their funds are safe.
Officially, the reason was that the storage partner was undergoing maintenance. But it’s been more than a week now.
Coinlist is suffering a $35 million loss as a result of the 3AC collapse.
U.S. Senators Elizabeth Warren and Bill Cassidy are taking action to combat the use of…
A unique turn of events unfolded for pre-order holders of Solana's 'Chapter 2' mobile phone,…
A recent advisory from the Federal Bureau of Investigation (FBI), advising against the use of…
In a move to tackle money laundering, the European Parliament has approved new regulations imposing…
Since its introduction following Bitcoin's halving event on April 20, Runes, a novel token standard…
Following the euphoria of Bitcoin's recent halving event, miners are now grappling with a stark…