Month: July 2022

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A proposed class-action lawsuit alleges that Yuga Labs “inappropriately induced” the community to buy Bored Ape Yacht Club non-fungible tokens (NFTs) and the project’s affiliated ApeCoin (APE) token. The proposed class-action driven by law firm Scott+Scott was published on July 21, claiming that Yuga Labs used celebrity promoters and endorsements to “inflate the price” of
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China reported 982 covid cases on July 23 compared to 817 a day earlier. However the number classified a symptomatic fell to 129 from 164. The cases come from two main outbreaks in the northwestern province of Gansu and the southern region of Guangxi. Shanghai reported 3 symptomatic cases compared to 2 a day earlier
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Proposals in crypto help communities make consensus-based decisions. However, for decentralized music platform Auduis, the passing of a malicious governance proposal resulted in the transfer of tokens worth $5.9 million, with the hacker making away with $1 million.  On July 24, a malicious proposal (Proposal #85) requesting the transfer of 18 million Audius’ in-house AUDIO
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