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ApeCoin (APE) Price jumps 100 Per Cent On ApeChain Launch

Here are the latest updates from the crypto world

On Oct. 21, the price of ApeCoin (APE) was up gaining 130% over the past four days amid excitement over the launch of the anticipated blockchain network, ApeChain. 

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Data from Cointelegraph Markets Pro and TradingView indicates that APE surged from a low of $0.861 on October 20, reaching a six-month peak of $1.75 on October 21, marking a 104% increase. At the time of writing, the ERC-20 governance token was trading at $1.53, showing a 16.5% rise over the last 24 hours and a 125% increase over the past weekend.

Several factors behind ApeCoin’s bullishness include developments surrounding the recently launched ApeChain and a strengthening market structure.

Ex-CEO of Mine Digital stole $1.5M from Bitcoiner, regulator alleges

The former CEO of Australian crypto exchange Mine Digital is facing one count of fraud for allegedly stealing $1.47 million (2.2 million Australian dollars) from a customer who sought to swap the funds for Bitcoin.

The Australian Securities and Investments Commission (ASIC) in a statement on Oct. 21 said the customer paid $1.5 million to Mine Digital’s parent, ACCE Australia, but never received the crypto. 

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ASIC also alleges that Grant Colthup used the funds to pay ACCE’s liabilities, purchase cryptocurrency for others, or a combination of both.

ASIC announced that Colthup was notified about the fraud charge during a hearing at the Magistrates Court in Ipswich, Queensland, Australia, on October 21, and the case has been postponed to December 16.

Chainlink launches private blockchain transactions for institutions

Chainlink, a decentralized blockchain oracle network built on Ethereum, has unveiled new technology aimed at helping financial institutions preserve data privacy during blockchain transactions. On October 22, Chainlink introduced two privacy-preserving features designed for financial entities seeking to utilize blockchain applications with full end-to-end privacy.

The new privacy tools include the Blockchain Privacy Manager, which allows private chain integration with the public Chainlink Platform, and an encryption protocol known as CCIP Private Transactions.

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