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.
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.
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.
