Australian watchdog launches legal action against BPS for misrepresenting ‘crypto’ token Qoin

The Australian Securities and Investment Commission (ASIC) has launched legal action against BPS Financial Pty Ltd (BPS) over engaging in unlicensed conduct and misleading representations about its crypto token Qoin, according to an ASIC press release on Oct. 25. The Qoin Facility is a non-cash payment facility established in January 2020. Qoin can be bought … Read more

Algorand CTO responds to criticisms of centralization and permissioned nature of blockchain

John Woods, the CTO of Algorand Foundation, has responded to criticism from Justin Bons of Cyber Capital that Algorand is “centralized and permissioned.” Woods accepted some “critical views” but argued that the chain is still decentralized or permissionless. Whilst I obviously disagree that Algorand is centralised and permissioned – there are a number of fair … Read more

Aptos engineer – first 24 hours blockchain performance indicates chain “isn’t even breaking a sweat”

Following the recent launch of the Aptos Blockchain, there has been a lot said of the nose dive performed by the native APTOS token. The token fell to a low of $6.75 from a high of $13.73, according to CoinGecko data. However, the founding engineer of Aptos, Josh Lind, also gave his thoughts on the … Read more