S.Korea Court To Settle MIR4 Maker Wemade, WEMIX Legal Battle
Following a court hearing on Friday, the Seoul Central District Court is expected to soon finalize its decision on an injunction that South Korean blockchain game developer Wemade Co., Ltd. filed against four major cryptocurrency exchanges after the trading platforms announced the delisting of Wemade’s native token, WEMIX, local media outlets reported.
Proof-of-Reserves Are at 'Best Incomplete, at Worst Misleading and Deceptive' Says Crypto Analyst Martin Hiesboeck
While many crypto exchanges have seemingly embraced the use of proof-of-reserves (PoR) to showcase their transparency and reassure nervous users, crypto analyst Martin Hiesboeck insists such so-called proofs are susceptible to manipulation or misrepresentation. He added that PoRs alone are not a suitable method of verifying an exchange’s reserves because they do not “account for liabilities and off-chain assets at all.” (Bitcoin.com)
Top 3 Hottest Blockchain Use Cases in Norway
Norway is clearly among the early adopters of Web3 technologies, both in the public and private sectors.
Blockchain Gaming Sector Remains Resilient Amid FTX Meltdown Saga, New Data Reveals
Although the <a href="https://finbold.com/category/cryptocurrency-news/">cryptocurrency market</a> has only just started to recover from the aftermath of the <a href="https://finbold.com/review/ftx-review/">FTX</a> collapse and the ensuing crisis, the underlying <a href="https://finbold.com/category/technology-news/">technology</a> has remained strong, especially where <a href="https://finbold.com/topic/blockchain/">blockchain</a> games are concerned.
The Kapital DAO Supports Polychain Monsters for a Scalable Blockchain Ecosystem
The Kapital DAO, a leading Web3 gaming management protocol, announced its partnership with Polychain Monsters. Polychain monsters is a play-to-earn gaming ecosystem enabling players to construct buildings, trade, and compete in battles full of animated monster characters.
IBM and Australian Stock Market’s Blockchain Projects Failed, a Blow to Private Ledgers
The turbulence in the overall cryptocurrency sector following FTX’s collapse this month is well-known. What’s gotten less attention, though, are the failure of projects that attempted to use the underlying crypto ledger technology in private, corporate settings, the once-hyped ecosystem known collectively as enterprise blockchain.
Near Foundation Joins Processed Foods Giant Grupo Nutresa to Unveil Web3 Loyalty Program in Latin America
The Near Foundation, the nonprofit organization behind the carbon-neutral blockchain of the same name, will be rolling out a loyalty points program for Grupo Nutresa, one of Latin America’s <a href="https://www.emis.com/php/company-profile/CO/Grupo_Nutresa_SA_en_1201937.html">largest</a> processed food companies.
Hours After Trademarking 'Web5' Jack Dorsey's Bitcoin Project TBD Reverts
Roughly six hours after TBD, the Bitcoin-centric subsidiary of Jack Dorsey’s Block, announced its intention to trademark the “Web5” name, the controversial plan was scrapped, with TBD saying the voice of the community was heard and it was "responding to their concerns.”
Privacy-Focused Secret Network Vulnerability Discovered by Security Researchers
Security researchers have discovered a vulnerability in privacy-focused Secret Network. The researchers, some of whom are from UIUC, examined the network for AepicLeak vulnerabilities. Their analysis led them to find the master decryption key for the whole network. The vulnerability was related to Intel’s Software Guard Extensions.
Blockchain-Based Supply Chain Platform Canned by IBM and Maersk
United States technology company IBM and Danish logistics firm Maersk have decided to discontinue their co-developed blockchain-backed supply chain platform, TradeLens, citing a lack of “global industry collaboration” as a key reason behind the decision.
