The newest viral application launched nearly a week ago and quickly gained a cult following. Source
Avalanche Social App Stars Arena Drained of $3M in AVAX After Hack
Day: October 7, 2023
When Are AMMs Coming To XRP Ledger? Ripple CTO Gives Clear Answer
Following the announcement that the AMM functionality would be proposed as an amendment under the latest rippled version, many in the XRP community have continued to wonder how soon it could be implemented if passed. As a result, Ripple’s Chief Technology Officer (CTO) David Schwartz has provided some answers to the community to quench speculations. How Soon The AMM Implementation Could Happen In response to a tweet asking how soon the AMM will go live on the ledger after voting, Schwartz stated that it should be enabled on the XRP…
House Republicans urge tighter export controls on advanced chips
On Friday, Oct. 6, two senior Republican members of the United States House of Representatives urged the Biden administration to strengthen the enforcement of export controls on advanced semiconductors to China. In a letter addressed to National Security Adviser Jake Sullivan, Representative Michael McCaul, chairman of the House Foreign Affairs Committee, and Representative Mike Gallagher, chairman of the House Select Committee on China, stated that China’s leading semiconductor manufacturer’s recent technological advancements underscore the necessity for revising the comprehensive regulations introduced in 2022. They emphasize the need to address what they perceive…
El Salvador Crypto Advisor Predicts Explosive Rise To $220,000
In a recent development, Bitcoin proponent and crypto advisor to El Salvador’s President Max Keiser has made a future prediction for the Bitcoin price, joining the ranks of analysts who have made bold assertions about the flagship cryptocurrency’s trajectory. Keiser Says Bitcoin Price To $220,000 In a tweet shared on his X (formerly Twitter) platform, Keiser stated that the Bitcoin price will experience an explosive rise to $220,000 in the short term. However, he didn’t specify how soon the crypto token would see such a rally. He made this assertion…
Elon Musk’s X platform faces backlash over XRP account suspension
X (formerly Twitter) executive chair and chief technical officer Elon Musk has faced criticism for the suspension of an XRP-related account. Crypto Eri, a well-known figure in the cryptocurrency community, directly reached out to Elon Musk on X, seeking clarification on whether the account suspension was an error. The account in focus, bearing the username @digitalassetbuy, was recognized for its outspoken advocacy of XRP, the native digital currency of Ripple Labs Inc. XRP has encountered various controversies and legal disputes, notably a lawsuit by the United States Securities and Exchange…
X’s ‘everything app’ push continues as Elon Musk tests video game streaming
X, formerly Twitter, has made another step toward becoming an “everything app” after Elon Musk tested out video game streaming on the platform. In a 50-minute-long stream on Oct. 6, Musk streamed himself playing the popular online action role-playing game Diablo 4. Stream Test 3 https://t.co/1ih0ZAY2tS — Elon Musk (@elonmusk) October 7, 2023 As things kicked off, Musk outlined that “what we are aiming for here is that the audio sounds normal, the image looks reasonably good so it’s not flickering, and the comments are working.” While the feature is…
Yuga cuts staff, NFT trading volume on Mythos Chain surges and more…
Cutbacks at Yuga Labs Bored Ape Yacht Club creator Yuga Labs has announced a restructuring that has seen several roles “eliminated across the company.” The exact number of layoffs hasn’t been specified, however, in an Oct. 6 blog post shared via X ( formerly Twitter), Yuga Labs CEO Daniel Alegre suggested the firm had taken on too many projects that were ultimately distracting it from its “core priorities.” Yuga Labs is announcing a restructuring that will better focus our team on our core priorities. While certain roles have been impacted,…
Elon Musk calls for ‘comprehensive overhaul’ of US SEC, DOJ
Elon Musk has called for a “comprehensive overhaul” of the U.S. Securities and Exchange Commission (SEC) hours after the agency sued him for allegedly failing to testify in an investigation into his $44-billion acquisition of Twitter, now called X, last October. The SEC is examining whether Musk’s acquisition violated securities regulations. On Oct. 5, the regulator submitted a filing in a California District Court, aiming to force Musk to adhere to a previous SEC subpoena. In an X post the same day, Musk suggested the SEC — along with the…
Binance’s 2017 ICO flopped, exchange reportedly raised $5m
A recent investigation by Forbes, in collaboration with Gray Wolf Analytics and Inca Digital, suggests that Binance’s initial coin offering (ICO) for BNB in 2017 “was a flop”. The report claims that Binance likely raised less than $5 million for BNB, its native token, through its ICO, significantly less than what the exchange announced on its website. An archived copy of Binance’s front page during its ICO | Source: Forbes The analysis also found that investors received only around 10.78 million BNB, while an additional 20 million BNB were transferred to angel…
Avalanche-based Stars Arena quells ‘coordinated FUD’ after patching exploit
The Stars Arena team has addressed a code flaw in their Avalanche-based social media platform, dismissing critics who they claim are spearheading a “coordinated FUD.” In an Oct. 5 post on X (Twitter), the Stars Arena account said the exploit, which saw attackers extract $2,000, was fixed, adding, “don’t get this wrong, we are at war.” THE EXPLOIT HAS BEEN FIXED. BUT DON’T GET THIS WRONG WE ARE AT WAR. We’re being targeted by malicious actors in the space that want to steal your money. The little guy is under…