China News by Thebittimes.Com

A DWF Labs partner has been accused of drugging a job applicant and attempting to coerce her into his hotel suite after promising her a role in a crypto project. The alleged incident took place on October 24 at a bar in Hong Kong when alleged victim ‘Hana’ met one of the Singapore-based Web3 investor’s partners for a job-related meeting. While Hana was in the bar’s bathroom, the partner — alleged by X (formerly Twitter) user AB Kuai Dong to be Euguen Ng, one of DWF Labs’ founders — was reportedly spotted by staff putting something into her drink. She subsequently tried to swap her drink but claimed he prevented her from doing so. She then reported leaving the bar and starting to feel dizzy.  At this point, the partner allegedly tried to coerce Hana into his accommodation , telling her, “I’ll take you to get a taxi. I have a suite in Murrary. If you treat me well, I can give you more inside information.” A screenshot of Hana’s p...

Source: AdobeStock / Andriy Blokhin The US Securities and Exchange Commission (SEC) has filed charges against the founder and three promoters of Trade Coin Club, arguing that they duped investors into sinking money in a fraudulent crypto trading bot. In a Friday announcement, the regulatory body said Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor, and Jonathan Tetreault, who were involved in the crypto project , raised 82,000 BTC (worth around $300 million) from over 100, 000 investors worldwide between 2016 to 2018. The Trade Coin Club founder Braga reportedly deceived investors by telling them they could generate “minimum returns of 0.35% daily” from a “crypto asset trading bot,” but instead used these funds to compensate himself, Paradise, Taylor, and Tetreault. We allege that Braga used Trade Coin Club to steal hundreds of millions from investors around the world and enrich himself by exploiting their interest in inves...

Cardano price continues to wallow in heightened volatility ascribing to the decision by the Federal Open Market Committee (FOMC) to hike interest rates by another 0.75%. As discussed on Wednesday, ADA stretched its leg further down and tested support at $0.3810. The smart contracts token now trades at $0.3910 as traders scan for short-term buy orders to $0.4100. Meet the New Cardano Improvement Proposal The CEO of the Cardano Foundation, Fredrick Gregaard, announced the release of a new Cardano Improvement Proposal (CIP) on Wednesday – referring to it as a key milestone in the network's open-source journey. According to the CEO, a CIP is a conduit that allows the Cardano Community to bring forward new features and collect input from the ecosystem on issues pertaining to the network. Gregaard added that full transparency is necessary when making informed decisions. Hence, the new CIP requires all participating projects to be enlisted. With the CIP-9999 – ...

Cardano’s ADA token continues to navigate the current market downturn, with recent developments giving investors hope that it could see a pump in the long term.  But how high can ADA really go?  ADA Price Action ADA currently trades at $0.3513, marking an uptrend of 0.46% in the past 24 hours. ADA has outperformed the broader market , which is down by 1% in the same period.  However, ADA’s price has failed to break through any of its top moving average (MA) indicators despite the 24-hour increase. It trails every major metric, ranging from the 10-day MA of $0.3522 to the 200-day MA of $0.3530.   ADA’s moving average convergence divergence (MACD) is negative. However, the crypto asset’s reactive strength index (RSI) of 40.48 shows that it is approaching the oversold region, making it perfect for long-term investors.  Buy ADA on eToro Vasil Hard Fork Gives Hope for Long-Term Gains  ADA has some impressive fundamenta...

Tamadoge $100k giveaway (Tamadoge.io) Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. The team behind one of the year's hottest crypto presales, Tamadoge, has recently announced a massive $100,000 giveaway to celebrate the launch of its first collection of NFTs. What is Tamadoge? Tamadoge is a crypto project that capitalizes on the influence of meme coins and the exciting technology presented by NFTs, the Metaverse, and play-to-earn (P2E) games).  Tamadoge NFTs (Tamadoge.io) The project allows users to battle, train, and trade virtual pets. Every Tamadoge pet takes the form of an NFT, ensuring that each is verifiable and upgradeable. In order for a player to increase their leaderboard ranking, they can upgrade a pet using items available from the in-game store. The highest-ranked players will receive the largest share of the rewards pool.  On October 6th, the...

Sushi (SUSHI) is witnessing a big spike in price. At press time the crypto token was up by 13.8% in 24 hours, by 18% in seven days, and 24.9% in 14-days. The rally came after it was revealed that asset management firm GoldenTree had a $5.3 million stake in SushiSwap. GoldenTree said that it has been following SushiSwap for a while. The asset managers recently introduced their GoldenChain Asset Management branch, which specializes in cryptocurrency . The firm said that they were excited to get more involved in all things SUSHI . The firm stated that it wants to help the project with its tokenomics and general strategy. The asset management’s revelation comes days after Jared Grey was chosen as the new “head chef” or CEO of the DAO that runs SushiSwap. This follows a phase of shaky leadership in SushiSwap. One of the founding members, 0xMaki, left in September 2021. CTO Joseph Delong left the project to join the NFT lending platform Astaria, in December 2021. ...