[ad_1] <br><div> <p>The Vietnamese blockchain panorama is boiling within the scandal across the nationwide TV station and the well-known Singapore-registered cryptocurrency firm MinePlex.</p> <p>On March 9 2023, VTV Channel revealed a information piece that accused MinePlex of being a Ponzi scheme with no applied merchandise titled “The digital financial institution self-proclaimed as MinePlex operates illegally”. MinePlex answered with an official letter with an invite to work with the corporate and its lawyer “to resolve the case of the above-mentioned article”.</p> <p>Earlier this 12 months, the exact same MinePlex was <a target="_blank" href="https://www.nasdaq.com/articles/3-cryptos-that-will-be-big-winners-in-2023" rel="noopener">named</a> amongst 3 important blockchain tasks of 2023 by Nasdaq journalists. The overall media protection appears optimistic as properly: the venture was talked about amongst prime blockchain firms by Worldwide Enterprise Occasions, Looking for Alpha, and different media retailers. The repute was impeccable. Nevertheless it didn't assist.</p> <p>Blockchain tasks recurrently face difficulties in defending their repute. After all, there are tasks within the blockchain scene that don't have any actual product, there are tokens with no actual utility worth and there are claims that aren't grounded. And the blockchain area suffers from the aftershock of such tasks’ failures.</p> <p>Even of their letter to VTV, MinePlex shared that they maintain conferences and seminars to speak “about safety and name for bettering monetary literacy”. However what ought to a venture do if journalists don't simply test the publicly accessible info or simply go in opposition to the info?</p> <p>Earlier than accusing an organization of unlawful actions in Vietnam, the journalists might have examined the corporate’s <a target="_blank" href="https://www.sgpbusiness.com/company/Mineplex-Pte-Ltd" rel="noopener">registration</a> in Singapore (registration quantity 202025952D). Additionally, the venture group has efficiently <a target="_blank" href="https://t.me/mineplex_news/565" rel="noopener">passed</a> the KYC test of the worldwide firm CertiK.</p> <p>Earlier than calling MinePlex “a self-proclaimed financial institution”, VTV might have checked the MinePlex communications that clearly state that the venture doesn't personal the banking licence however operates in partnership with conventional banks. Initially of 2023, MinePlex <a target="_blank" href="https://t.me/mineplex_news/742" rel="noopener">announced</a> a strategic partnership with a significant Brazilian financial institution.</p> <p>Earlier than suggesting that MinePlex might be a Ponzi scheme, they might have scanned the venture’s whitepaper and tried the merchandise within the ecosystem. MinePlex representatives shared that the distinctiveness of the expertise has already gained recognition:</p> <p><em>“Already 2.5 years in the past, the MinePlex expertise was acknowledged as distinctive on this planet media. The MinePlex blockchain relies on the work of two tokens. One mines the opposite. That is written in a mathematical algorithm and the corporate can't interrupt this course of in any method”</em></p> <p>Lastly, as an alternative of chopping the quote out of context from the venture’s CFO speech, they might have introduced the entire context the place Fyodor Bogorodsky clearly states that the corporate doesn't provide any ensures or guarantees. How might it really be in any other case in a speech of a banking professional with over 20 years of expertise?</p> <p>After all, VTV journalists might have finished all that however who would wish to watch one other story a couple of blockchain venture that works simply superb? Was it a sacrifice for hype or only a lack {of professional} ethics?</p> <p>The MinePlex administration of their letter to the VTV channel requested to work with the corporate and its lawyer, to make clear the content material with reference to said accusations “that will trigger confusion” or have an effect on the “honor and repute” of the blockchain venture.</p> <p>What the information outlet will do is but to know however one factor is evident: blockchain tasks began to get bored with getting their repute ruined on the bottom of groundless accusations.</p> <p> </p> <p><br/><i> Not one of the info on this web site is funding or monetary recommendation and doesn't essentially mirror the views of CryptoMode or the writer. CryptoMode shouldn't be accountable for any monetary losses sustained by performing on info supplied on this web site by its authors or purchasers. All the time conduct your analysis earlier than making monetary commitments, particularly with third-party opinions, presales, and different alternatives. </i></p> </div> <br>[ad_2] <br><a href="https://cryptomode.com/how-media-portrays-blockchain-projects-and-why-vietnamese-television-vs-singapore-registered-mineplex/amp/">Source link </a>