China News Daily Official TheBitTimes.com

A self-described Fantom maximalist has alleged that ‘loyal, OG stakers’ of at least 200 million fantom tokens (FTM) experienced a forced liquidation to the benefit of the Fantom Foundation. He somehow claimed to have found ‘the biggest rug pull on Fantom ever’ even though he offered no blockchain evidence. As if the story wasn’t difficult enough to believe, he further claimed that this ‘rug pull’ was funding Fantom’s assistance of an entirely new blockchain, Sonic. To start, there are a few things that are certainly true, without the above conjecture. Fantom is indisputably committed to a new blockchain, Sonic. Furthermore, Fantom is pegging FTM with a 1:1 convertibility promise for S, Sonic’s new proprietary token. The well-funded Fantom Foundation is also contributing 200 million FTM and promising a 100 million airdrop of S tokens to hype the launch. Fantom ‘stable’ coin doubles in price overnight Returning to the Fantom maxi’s incredible...

Bitcache , a Lightning Network-based micropayments service created by Megaupload founder Kim Dotcom , has been placed into liquidation after it failed to launch . The company, which was designed to be integrated into Dotcom’s digital marketplace K.im, was first announced back in 2016 and Dotcom claimed that it would be the “preferred option for online payments by 2022.” However, despite a reported $5 million crowdfunding effort in October 2016, and a promised ICO in 2018, the project never made it out of the gate. Dotcom made some bold claims about what Bitcache would do. As a result, Phil Creagh, a lawyer with the firm Anderson Creagh Lai and former Bitcache director, applied to have the company placed into liquidation back in May . Creagh claimed that, “It’s pretty straightforward, there are fees owed and not paid. The company has not taken any steps so far to avoid being placed in liquidation. “We’ll put it in liquidation and see what, if anything, can be recovered,” (via N...