News Explorer — China Is Taking Its Social Credit System to the Metaverse: Report

China Mobile, a state-owned telecom firm, has proposed creating a Digital Identity System to bring its controversial social credit system to the metaverse. The system aims to link a person’s natural and social characteristics to their digital ID and store the information permanently. China’s pursuit of the metaverse aligns with its advancements in blockchain technology and the future of finance and social scoring.

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Aug 21, 6:09 am

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China Is Taking Its Social Credit System to the Metaverse: Report

China Mobile, a state-owned telecom firm, has proposed creating a Digital Identity System to bring its controversial soc… Read Summary

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Aug 21, 5:41 am

The Block

Friend.tech User Details Leaked, Including Ethereum Addresses and Twitter Usernames

A leaked database containing critical user details from the friend.tech platform has been published on GitHub by Banteg,… Read Summary

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Aug 21, 2:59 am

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Another Lucky Solo Miner Nabs $160,000 Bitcoin Block Reward

A Bitcoin miner using the Solo CKpool mining service has successfully solved block 803,821 and earned the full 6.25 Bitc… Read Summary

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Aug 21, 2:22 am

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Pepe, Shiba Inu Face Hefty Weekly Losses Dropping More Than 20%

Meme coins Pepe (PEPE) and Shiba Inu (SHIB) have experienced significant losses in value over the past week. PEPE has dr… Read Summary

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Aug 21, 2:07 am

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Crypto App Friend.tech Lures Waves of Users and Rakes in the Revenue

The Friend.tech app, built on the Coinbase-incubated Ethereum layer2 Base, has experienced a surge in activity since its… Read Summary

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Aug 21, 12:18 am

Coindesk

Market Eyes Multi-Million-Dollar Token Unlocks for Lido, Avalanche, and Yield Guild Games This Week

This week, token unlocks are scheduled for Lido (LDO), Avalanche (AVAX), and Yield Guild Games (YGG), increasing the ava… Read Summary

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The Block

Bitget Strengthens KYC Requirements for Users to Comply With Regulations, Enhance Security

Cryptocurrency exchange Bitget is implementing stricter KYC requirements for users, with newly signed-up users needing t… Read Summary

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Aug 20, 11:23 pm

Coindesk

FTX Debtors Revise Settlement Motion After Objections From U.S. Trustee, Propose Lower Claim Value

FTX’s debtors have revised their settlement motion after objections from the U.S. Trustee. The new proposal includes the… Read Summary

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Decrypt

NFT Platform Recur to Shut Down, Despite $50M Raise and Big Name Backers

NFT startup Recur has announced that its Web3 platform will be winding down due to the challenges of the crypto winter…. Read Summary

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Aug 20, 3:38 pm

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‘Failure to State a Claim’: Gemini Pushes to Get SEC Case Dismissed

Gemini, a cryptocurrency exchange, is urging a federal judge to dismiss the SEC’s lawsuit against them, arguing that the… Read Summary

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Aug 20, 1:35 pm

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Tornado Cash Sanctions Affirmed by Federal Court

A federal court has upheld the Treasury Department’s authority to impose sanctions on cryptocurrency mixer Tornado Cash,… Read Summary

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Aug 20, 12:33 pm

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Token Founder Loses $250,000 and His House in Scam, Sues Crypto.com

Glow Token LLC has filed a lawsuit against Crypto.com, alleging breach of contract and seeking over $250,000 in damages…. Read Summary

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Aug 20, 2:06 am

Cointelegraph

Ripple Exec Says SEC Is Seeking an Appeal As Company Presses Forward on Main Lawsuit

Ripple Labs’ CTO, David Schwartz, revealed that the SEC is seeking an appeal in the ongoing legal case against Ripple. T… Read Summary

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Aug 20, 1:33 am

DL News

‘Verkle Trees’ Could Cut Data Requirements for Ethereum Nodes, Developers Say

Ethereum is set to increase its decentralization by implementing Verkle trees, a cryptographic technique that will signi… Read Summary

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