Crypto News Weekly Digest 11.10.2024

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2024-10-11

LEGO Removes 'LEGO Coin' Scam That Appeared on Its Website After a Hack.

The LEGO Group, a well-known toy manufacturer, has removed a scam called "LEGO Coin" that appeared on its homepage on October 5. The incident was caused by a hack that temporarily posted a fake ad promising secret rewards for purchasing the token.

User X and LEGO enthusiast ZTBricks was one of the first to spot the scam and posted several screenshots to X. The images show how the scammers tried to convince users that "LEGO Coin" was real.

LEGO told Engadget that the cryptocurrency scam only appeared on the site for a short time and that no user data was compromised. The scam "LEGO Coin" ad was posted on the LEGO homepage at 1:00 a.m. GMT on Oct. 5 and was removed about 75 minutes later, said mescad, a moderator of the LEGO subreddit.

 

Coinbase to Delist USDT in Europe Amid New EU Regulations.

Coinbase has announced plans to delist Tether’s USDT and other stablecoins that do not comply with the European Union’s Markets in Cryptoassets (MiCA) regulations by December 30, 2024. The move is part of Coinbase’s efforts to comply with new regulations that require stablecoin issuers to obtain an e-money license in an EU member state. Tether has yet to obtain that licence, which is what led to the delisting. Coinbase will give users the option to convert their holdings into eligible stablecoins, such as Circle’s USDC.

 

There are 10 days left until Blockchain Life 2024 in Dubai.

The 13th international forum Blockchain Life 2024 will be held in Dubai on October 22 and 23. It will be attended by more than 10,000 industry representatives from 120 countries.

"If you do not attend the conference, then in 2025 you will experience such FOMO that you have never dreamed of. New projects will flare up every day, but you will not be ready for them, although you could have learned about them before the bullrun right at the forum," said the event organiser Sergey Khitrov.

He added that the results of the discussions at Blockchain Life will become the foundation for market growth, and recommended not to miss the opportunity to meet with key industry representatives.

Exclusive reports at Blockchain Life will be presented by employees of Tether, TRON, Ledger, Trust Wallet, Tezos, Binance, TON, OKX, CoinMarketCap, Ripple, Bitmain, Bybit, Animoca Brands, Circle, BingX, ICP, Kraken, Sandbox, Polygon, Litecoin, Sui, BNB Chain, Cardano, DYDX, Vechain, Osmosis, Chiliz, Algorand, Ether Fi, Manta, Mantle, Delysium and other projects.

 

Tesla unveiled driverless taxis and a bus.

Tesla CEO Elon Musk showed off Optimus robots, a Cybercab driverless taxi, and a prototype of Robovan, an electric autonomous vehicle that looks like a bus, at the We, Robot event.

The Cybercab has two gull-wing doors, and lacks a steering wheel, pedals, and a standard charging port. Instead, it uses “inductive charging” without wires.

Production is expected to start in 2026 or “before 2027.” The price will be less than $30,000, the entrepreneur noted.

Robovan has a futuristic look and can carry up to 20 people and luggage. The release date and price of the vehicle are unknown.

The car does not have a steering wheel, as it is fully autonomous.

He said that fully autonomous driving of the Model 3 and Model Y will begin in California and Texas in 2025. The technology is based on artificial intelligence and computer vision, which “makes driving 10 to 30 times safer than a human.” Musk also unveiled the humanoid Optimus robots, noting that their price will be $20,000 to $30,000. The bots walked among people at the event, danced, talked to guests, and made cocktails.

 

TikTok Launches Tap-to-Earn Game Based on Solana.

Solana project SonicX has launched a Tap-to-Earn style game on TikTok. It aims to “become Notcoin” on the short video platform, Decrypt writes.

The game is based on the gaming-focused L2 solution Sonic SVM. The developers plan to collaborate with content creators and launch a series of ads on the platform for short videos that can be clicked to open SonicX directly on the social network.

Similar to mini-apps in Telegram, TikTok allows you to open web pages in a native browser. Users will be able to collect in-game points by tapping the screen, buy upgrades to upgrade their game account, and invite friends. All activities will affect the future airdrop.

The game world is based on the classic Sonic The Hedgehog video game series, there is no official connection with Sega.

Every tap in the game will be recorded in the blockchain. Similar mechanics are used in the "tapalka" based on Aptos - Tapos. In three days, the network processed 323,477,428 transactions, of which 83% were for the game.

 

Sociogram Introduces Meme Money Maker, a Meme Coin Launch Platform.

In October, the Web3 social network Sociogram introduced a platform for launching meme tokens in EVM networks. The service was named Meme Money Maker (MMM).

According to Sociogram representatives, meme coins have become one of the fastest growing areas in the crypto industry: trading volumes in Q2 2024 increased by 34%. However, at the moment, several problems remain unresolved in the segment:

- binding to one blockchain;

- meme tokens are not full-fledged memes, but only a reference to them;

- high cost of promotion;

- limited ways to earn money;

- manipulation of trading bots.

MMM from Sociogram offers free launch of meme tokens in BNB Chain, Ethereum and Arbitrum without network fees for trading. When buying and selling assets, the internal trading balance in USDT is used. When minted in BNB Chain, liquidity for the coin is automatically added to the decentralised exchange Biswap V3, when minted in Ethereum and Arbitrum - to Uniswap V3. At the time of publication, Meme Money Maker offers meme token creators a bonus of 100 USDT upon reaching the bonding curve of $12,000. In addition, platform clients will also receive 10% of the trading turnover commission of assets as part of the referral program.

 

Peter Todd, named by HBO as the creator of Bitcoin, has denied the claim.

In the documentary Money Electric: The Bitcoin Mystery, the HBO network named Peter Todd as the creator of Bitcoin. The programmer denied this.

"I am not Satoshi," he wrote briefly.

The film was directed by Cullen Hoback. His previous work, Q: Into the Storm, was dedicated to debunking the QAnon conspiracy theory popular in the United States.

The basis for the authors' assumptions was Todd's post on the BitcoinTalk forum, allegedly accidentally published using his own profile, Forbes noted.

 

Hoback and his team also found a message from the programmer that he is "the world's leading expert on how to donate your bitcoins" and did so himself. The authors considered this an admission of refusing access to approximately 1.1 million bitcoins attributed to the property of the cryptocurrency's creator. At one point in Hoback's interview, the programmer laughingly said that he was "Satoshi Nakamoto and Craig Wright." CoinDesk noted that Todd made a similar joke during Peter McCormack's What Bitcoin Did podcast in 2019. At the same time, he admitted that he bought the first bitcoins at $0.2. This corresponds to the coin's rate around October 2010 - almost two years after the publication of the digital gold white paper. The programmer warned the filmmakers against drawing incorrect conclusions regarding his role in the history of the first cryptocurrency.