Solana Mobile ‘Chapter 2’ airdrops briefly exceed cost of pre-order
Airdrops from two cat-themed memecoins may have paid off the entire pre-order value of the Solana ‘Chapter 2’ mobile device.
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DeFi picks up the pace as alternate blockchains and NFTs boom
As September ended, the cryptocurrency markets recovered from the so-called “September curse” handsomely to hit a market capitalization of $2.32 trillion. The decentralized finance (DeFi) market has been an integral part of this growth. The total value locked (TVL) in DeFi protocols grew more than 20%, from $113.5 billion on Sept. 28 to hit $137…

French police use Twitter crypto sleuth’s research to catch scammers
The alleged fraudsters built a BAYC and MAYC NFT focused website that masqueraded as a service to animate the apes but instead phished victims details to steal their NFTs. 66 Total views 29 Total shares

CoinMarketCap-led token airdrops ‘infected by fraud,’ crypto project claims
Two crypto projects have cried foul play over promotional airdrops conducted by CoinMarketCap (CMC) on their behalf, which they allege was "gamed" for the benefit of a small group of exploiters.These promotional airdrops — designed to be distributed to thousands of wallets to raise awareness of a crypto project — ended with the tokens funneling…

Nevada financial regulator petitions court to place Prime Trust into receivership
The filing suggested Prime Trust had financial liabilities to its users totaling more than $82 million in fiat and $800,000 in crypto. Following the filing of a cease and desist order, Nevada’s Financial Institutions Division has again moved against crypto custodian Prime Trust by petitioning for the appointment of a receiver.In a June 26 filing,…

Crypto Exchange Gate.io Removes StatCounter Service Following Report of Security Breach
Crypto exchange Gate.io has removed web analytics tool StatCounter from their website following a breach report by cybersecurity firm ESET, according to an official blog post published today, Nov. 7.The company has reported that they immediately removed StatCounter's traffic stats service after receiving a security notice by ESET about suspicious behavior. Gate.io claimed they subsequently…

Turkey tops the world in stablecoin buying share vs. GDP
Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis.

Dogecoin follows ‘classical charting principle’ which hints at 1,000%+ DOGE rally
Dogecoin could break the $1 threshold if the memecoin repeats its 2021 trend which generated a 7,000% rally.

Nigeria: Financial Watchdog Receives Petition Against Crypto Exchange Over Account Closures
Estonia-based crypto firm Paxful Inc. has been accused of defrauding thousands of Nigerian investors out of millions of dollars worth of cryptocurrencies through allegedly arbitrary account closures.The news was reported by local media agency Punch on April 7.According to the report, the Nigerian non-profit organization United Global Resolve for Peace (UGRP) filed a petition on…