THE LEDGER: Buterin focuses on ETH while Kim Kardashian faces legal action 

Vitalik Buterin and his father Dmitry aren’t phased by the recent downturn in the crypto market. In an interview with Fortune, the pair believe “the down periods are the periods where the most meaningful projects get nurtured and built.” 

Buterin, completely unphased by this week's current complications said: “crypto has had ups before, and it has had downs before, and it will have ups and downs again.” 

Taking a leaf out of Buterin’s book and a leap of faith to boost its business, LBank Exchange listed the Choise.com (CHO) token to expand its audience head first into the crypto market.

By listing its native ERC-20-protocol token CHO on LBank Exchange, the company hopes to further its overarching mission to expand its global reach and in turn, its vision can be amplified.

Another announcement with an aim to boost crypto growth is the partnership between Asia-based metaverse and blockchain ecosystem, Klaytn Foundation and OpenSea. The two joined forced to propel the NFT market through Asia. 

“Through these partnership initiatives, our goal is to draw out innovative use cases and support the growth of the Klaytn ecosystem in Asia,” said David Shin, Klaytn Foundation head of global adoption.

Elsewhere, ahead of the 2022 FIFA World Cup, Bitcasino announced its launch of a new campaign which includes several raffle prizes and a chance to win VIP match tickets.

There are said to be three main prizes up for grabs consisting of various gadgets including iPhones, Airpod Max headphones, iPads and USDT rewards.

Non-fungible token (NFT) involvement is steadily on the rise and has been over the last few years. This week, Cantina Royale the real-time play-to-earn (P2E) shoot game on the Elrond Blockchain, announced its new Initial DEX Offering (IDO) and NFT drop. Both went on sale yesterday on the Maiar Launchpad.

A spokesperson for Cantina Royale said it wasn’t “just another IDO on Maiar, but it embodies the first-ever token & NFT bundle sale,” which includes the Genesis Space Apes collection. 

Unfortunately, the crypto world doesn’t have only positive news to share, in fact, a hacker on the horizon is a frequent occurrence.

The Federal Bureau of Investigation (FBI) has cautioned the business social media platform, LinkedIn, that cryptocurrency scammers are trying their luck on the website.

With more than $1bn lost to cryptocurrency scams and hackers in the US since January 2021, LinkedIn users need to be extra vigilant when logged on. Oscar Rodriguez, LinkedIn's director of trust, privacy and equity announced that the platform is aware of the problem and is currently working to try and tackle scammers.

Meanwhile, famous faces Kim Kardashian and Floyd Mayweather are allegedly facing legal action regarding their involvement with EthereumMax. Both celebrities endorsed the community-based token, which later crashed as it was hit by hefty blows from cryptocurrency investors.

Plaintiffs believe it to be a pump and dump scheme, however, this poses the question of whether the pair deserve a lawsuit, and if they should be held accountable for users’ losses due to ‘innocent' celebrity advertisement?

If you want to just spend some time enjoying crypto this weekend, we recommend turning to Bitcasino, 1xBit or FortuneJack.

Looking for your next crypto casino? Check out: Bitcasino, 1xBit or FortuneJack.

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2B journalism. Alongside crypto, Isabella writes about relationships and psychology. Isabella holds a first-class degree in music journalism and likes to interview electronic artists and DJs.

Similar News

Kraken fires 30% of workforce

01/12/2022|16:30

Cryptocurrency exchange Kraken is letting go of 1,100 of its employees, accounting for 30% of its workforce, due to the...

Copa del Rey NFT collection to be launched by...

01/12/2022|15:30

A NFT collection focusing on the Copa del Rey is going to be launched after a partnership was agreed between...