After the US inflation data on October 13, the cryptocurrency market turned its direction up again. Currently, most altcoins, including Bitcoin, are trading in the green around 3%. Meanwhile, there is important news from trending coins like STEPN, XLM and ADA. Here are the hot developments of the day from selected altcoin projects…
STEPN denies reports of Wu Blockchain
- The Stellar Development Foundation has announced that Soroban, the native smart contracts platform of the Stellar network, is now live on Futurenet. Futurenet is a testing system for early stage developers. The foundation also added that smart contracts will support $100 million in fundraising on its platform.
- IOTA has announced that it will undertake micropayments for the autonomous driving car that EDAG will launch in Frankfurt in 2023. This project is expected to bring $86 billion in smart city revenue by 2026. EDAG is the company behind the CityBot autonomous driving car. IOTA will play an important role in micropayments of vehicles.
- XRP investors accused the SEC of causing them to lose money in the Ripple lawsuit. The class action lawsuit against the regulator has now garnered more than 75,000 signatures.
- Cryptocurrency exchange FTX has lost 100 million XEN tokens from a gas fee vulnerability. The exchange suffered losses of over 81 ETH due to the GAS vulnerability. According to the report, an attacker minted XEN tokens for free, while FTX paid gas fees.
- STEPN denied reports that it was laying off staff due to bear market conditions. Advertisements about my STEPN crop going downsizing were put forward by researcher Wu Blockchain on October 12.
The famous blockchain game STEPN began to lay off staff in the bear market. It will mainly lay off more than 100 MODs, ambassadors, etc., and will reduce investment in STEPN, and some development progress has been delayed. According to community sources.
— Wu Blockchain (@WuBlockchain) October 12, 2022
- Offchain Labs announced that it has acquired Prysmatic Labs. The development will help increase Arbiturm’s growth and reach.
- Whale Alert reports that Ripple transferred 50 million XRP to an anonymous wallet. The fund was valued at approximately $24.39 million at the time of transaction.
- Two huge Shiba Inu (SHIB) whales have amassed $2.71 million worth of SHIB in the last 24 hours. Meanwhile, SHIB price struggled to break the $0.0000098 resistance.
- Cardano developer Input Output Global (IOG) has announced a new release for Daedalus Wallet – Daedalus mainnet 5.1.0, which brings two updates specifically to hardware wallet integration. The two enhancements consist of an upgraded version of the LedgerJS package, which includes the Trezor Connect version 9 update as well as the future Ledger Cardano App version 5.0.0 and Babbage.
Bitcoin surge accompanied by over $320 million liquidation
As you follow on Kriptokoin.com, Bitcoin sees the price of BTC close to $20,000 while gaining 9%. Meanwhile, liquidations during a single hour of the day were at their highest in more than a month.
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