Crypto Bytes: Top 10 News from Cryptoverse

1. Zooko Wilcox, the creator of the privacy-focused cryptocurrency Zcash, is leaving position as CEO of Electric Coin Co. The new CEO of Electric Coin Company, the development company for Zcash, is Josh Swihart, SVP of Growth.
2. Masa declared the opening of its zk-Data Network & Marketplace. AvaCloud will power the Avalanche subnet. Masa has obtained a strategic investment from the Blizzard Fund of Avalanche.
3. Daily transactions on the Zilliqa Network decline by 50% due to a technical issue. Deposits and withdrawals were stopped while an urgent inquiry and resolution are underway. Users are encouraged to wait for updates on network restoration.
4. As the launch of the decentralised sequencer draws near, Metis, an Ethereum Layer-2 network, establishes a $100M fund.
5. $830K Exploit Hits Solana Game “Aurory,” Disabling Arbitrum Bridge. Aurory’s marketplace has a vulnerability that allowed someone to steal roughly 600,000 AURY tokens. The Arbitrum bridge in the game is down while the developers fix it.
6. Helium Mobile changed the guidelines governing its mobile plan’s cryptocurrency rewards payouts, after an increase in new signups and suspicious accounts as a result of the token’s rising value. Customers will need to wait for 8 days to receive rewards.
7. Ubisoft’s ‘Champions Tactics’ Ethereum NFTs Generate Millions After Free Mint. Following a drop that minted out in under 20 minutes, Ubisoft’s Warlords NFTs for Champions Tactics are reselling for $600 or more.
8. Bankrupt digital asset exchange FTX paid hundreds of millions in legal fees. According to court documents, professional legal fees for the transaction between August and October were over $118M, with investors and creditors still owing money.
9. Revolut, a digital bank located in London, declared yesterday that it will stop allowing Revolut Business customers to buy cryptocurrency beginning in 2024. The move comes after new FCA regulations were implemented.
10. Crypto Bytes Top 10 Breaking News from Cryptoverse Former Lido holder has filed a class-action lawsuit against the Lido decentralised autonomous organisation (DAO), which oversees the liquid staking protocol. Second case against DAOs after OookiDAO.

Disclaimer: This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Mehar Nayar

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