Scams now plague the NFT space. What can be done to stop them?
The big-money world of NFTs is also attracting hackers, thieves and con artists. How do you know if that Ape NFT or digital Banksy is fake?
-
-
DOT hits new all-time high with Polkadot parachain auctions imminent
DOT, the native cryptocurrency of the Polkadot blockchain network, crossed the US$50 mark for the first time on Nov. 1 and reached a new all-time high (ATH) of US$50.87, surpassing its previous peak of US$48.73 in May, according to CoinGecko data. DOT, currently the 8th-largest cryptocurrency by market value, was trading at US$48.69 as of…
-
Another DeFi platform, BXH, suffers $130M exploit
This follows an attack on Cream Finance that also resulted in a $130M hack.
-
Shanghai plans to further popularize the digital yuan in the next five years
Shanghai outlined its plan to expand digital yuan pilot programs into the city’s five-year plan, in a recently released policy statement, “Shanghai’s Five-Year Plan of Comprehensive Promotion of Urban Digital Transformation.” Fast facts The plan said the city will expand pilot program for online and offline payments, transportation and government services. Shanghai is among the…
-
Ant Group, JD.com, Tencent pledge to resist speculation of ‘digital collectibles’
Ant Group and Tencent recently rebranded NFT projects as digital collectibles amid China state media criticism.
-
Why blockchain is the operating system of the digital age
Blockchain has achieved platform status, writes Don Tapscott of Blockchain Research Institute. Get ready for the ‘trivergence’ that will shake up the world.
-
Can Axie Infinity go the distance?
The darling of the play-to-earn gaming world had an explosive start but now struggles with deflation and lower player earnings. Is the play-to-earn model sustainable?
-
China’s prefecture-level city Ganzhou cracks down on crypto activities
More local governments in China are taking actions to crack down on cryptocurrency mining and trading, with Ganzhou, a prefecture-level city in the eastern province of Jiangxi, having deployed checks and inspections on local businesses. Fast facts The economic development zone in Ganzhou announced that it is working with the central bank’s local branch, the…
-
China’s state-backed blockchain network plans to launch NFT infrastructure
Red Date Technology, the company China tapped to manage its Blockchain-based Service Network (BSN), said today it plans to fully launch an infrastructure for non-fungible tokens (NFTs) by the end of January 2022. Fast facts Red Date revealed on Friday an NFT infrastructure plan — BSN-Distributed Digital Certificate (DDC) — at its BSN Open Permissioned…