Tag: Token

New ‘Pepe the Frog’ Crypto Token Becomes Sixth Largest Meme Coin by Market Cap – Altcoins Bitcoin News

Jamie Redman

A new token named after Pepe the Frog, the infamous meme, and cartoon character created by Matt Furie, has entered the meme coin economy. The token is called pepe (PEPE), and at the time of writing, it has become the sixth-largest meme coin asset in terms of market capitalization, valued at just over $130 million. However, amidst the fast rise, both the website coinmarketcap.com and the Web3 security startup Gopluslabs have warned that the contract owner may have the ability to modify the transaction tax and blacklist function. PEPE Market…

Tether Stablecoin Sees 22% Growth in 2023 Despite Dollar-Pegged Token Economy’s Contraction – Altcoins Bitcoin News

Jamie Redman

Since January 2023, the number of tether stablecoins in circulation has grown from 66 billion to the current 80.9 billion, representing growth of more than 22% this year. Tether’s growth is approaching the high of $83 billion in stablecoins in circulation that the project saw almost a year ago, in May 2022. Tether Supply Is Nearing Its All-Time High The stablecoin market has recently contracted and is currently hovering around $131.94 billion. The decrease in the stablecoin market can be attributed to several dollar-pegged coins that have reduced their token…

Dfinity Foundation Launches Chain-Key Bitcoin, a Native Internet Computer BTC Derivative Token – Altcoins Bitcoin News

Jamie Redman

On April 3, 2023, the Dfinity Foundation, a development team behind the Internet Computer (ICP) network, announced the launch of a native ICP token called “chain-key bitcoin” or “ckBTC.” The bitcoin derivative is backed 1:1 with the leading cryptocurrency asset. On Monday, Dfinity detailed that the technology “builds on the protocol-level integration with the Bitcoin network.” Breaking Away from Custodians and Bridges: The Benefits of Chain-Key Bitcoin’s Smart Contract-Based System On Twitter, the Dfinity Foundation announced the full release of chain-key bitcoin, also known as ckBTC. “Proposals 115468, 115470 &…

Optimism’s OP Token Hits All-Time High as Layer 2 Adoption Interests Grow

Jocelyn Yang

Optimism and other layer 2 scaling systems such as Arbitrum are supposed to make transactions on the Ethereum blockchain cheaper and faster. After Ethereum completes its EIP-4844 upgrade, also called proto-danksharding, later this year, it will make transaction fees on layer 2s even “an order of magnitude cheaper,” Marc Arjoon, Ethereum research associate at CoinShares, wrote in a note. Author: Jocelyn Yang Source link

Expected to Play a Key Role in Making Web3 Compliance Seamless, Astra Protocol Launches Native Token – CryptoMode

Amaury Reynolds

Astra Protocol, a decentralized KYC platform for Web3, introducing the financial regulatory standards for more than 150 countries and over 300 sanctions to the crypto industry, launched its $ASTRA token on multiple significant exchanges on January 16th, 2023. A fixed supply utility token, with a total of 1 billion minted, the $ASTRA token will work as a unique SAAS (Software as a Service). Platforms will stake the token to access Astra’s KYC services. KuCoin and MEXC, two of the most well-known exchanges in the crypto world, are facilitating trades in…

Solana Blockchain SOL Token Doubles From FTX-Crash-Induced Lows, but Will It Continue to Rebound?

Anthony B

Stefan Rust, CEO of blockchain technology firm Laguna Labs, said Solana has “held the ground solidly” by staying within the top 20 cryptocurrencies by market capitalization post-FTX, while hitting the metrics developers seek, including a project’s “distribution,” “difficulty in using toolsets,” “marketing and visibility” and “money.” He expects SOL’s price to rebound to $30 and even possibly $50 by the end of the year. Author: Jocelyn Yang Source link