Chingari Leads India’s Web3 Revolution with GARI Social Token

(Eds: Disclaimer: The following press release comes to you under an arrangement with NewsVoir. PTI takes no editorial responsibility for the same.)Mumbai, Maharashtra, India (NewsVoir) India’s home-grown short-video app Chingari has set to become the most popular short-video app in India that is encouraging creators, making them the centre of the universe, and helping them monetize their content by deploying the intelligence of Web 3.0. The $GARI token is being used by Chingari to allow more direct interactions with creators. This is when large social media companies are still figuring…

Cosmos Token Surges 8% Amid Airdrops, Polkadot Bridge

Tokens of protocols built on Cosmos that were previously airdropped to stakers, were among the biggest gainers on Monday morning even as the broader crypto market saw nominal losses. Tokens of Juno Network (JUNO), Stargaze (STAR), and Comdex (CMDX) – DeFi-centric tokens built on Cosmos – rose as much as 6% in the past 24 hours, according to data from CoinGecko. Author: Shaurya Malwa Source link

Agoric Raises $50M in CoinList Token Sale to Bring JavaScript Developers Into Crypto

“Over time, there will be more phases,” Tribble said. “After the first launch, it will go into a permission phase, where people can propose, say, a core contract for NFTs that’s all written in JavaScript, and the community can vote on whether to deploy it. And that will run as we continue more security testing and running bug bounty programs, to eventually become permissionless. Then the gates are opened and anyone can deploy anything.” Author: Ian Allison Source link

Cardano’s ADA Token Leads Crypto Majors Lower, Bitcoin Nears $41K as Bond Yields Rise

At press time, ADA was trading near $1.36, a 10.6% fall in the last 24-hour. Scaling solution Polygon’s MATIC token fell 6% even as the network implemented Ethereum’s fee-burning mechanism, which will destroy MATIC tokens making its supply deflationary. Solana’s token SOL, binance token BNB, and ether each fell over 2%, while bitcoin traded 1% lower near $41,200, according to CoinDesk data. Author: Omkar Godbole Source link

OKEx lists BABYDOGE — the first major exchange to list the popular meme token | Press Room| OKX Academy

Seychelles, Aug. 10, 2021 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is pleased to announce the listing of Baby Doge Coin’s native asset, BABYDOGE — a new token created by fans of the widely popular Dogecoin, which pioneered the meme token trend when it reached new heights a few months ago. Deposits for BABYDOGE are currently open and are solely available via OKExChain. Spot trading for BABYDOGE/USDT will open at 10:00 am UTC on Aug. 10. BABYDOGE is yet another example of a creation driven by the…

OKEx lists KAR — the utility token of Karura, the all-in-one hub of Kusama | Press Room| OKX Academy

Seychelles, July 22, 2021 — OKEx (www.okex.com), a comprehensive, world-leading cryptocurrency exchange, is pleased to announce the listing of KAR, the native utility token of Karura. KAR deposits are open now and withdrawals will open at 10:00 am UTC on July 22. Users can also trade KAR/USDT on the spot market now. Karura is a one-stop DeFi platform that has multiple features, such as cryptocurrency swaps, borrowing, lending, earning and more — all with micro gas fees. Karura won the first auction on Kusama, the Polkadot enabled ​​parachain, which is…

DROP token creators plead guilty to $1.8M ICO scam, settle with SEC

Two Californian men have agreed to plead guilty to securities fraud charges in connection with an unregistered ICO they conducted in 2017. The two raised $1.9 million by selling over 600 million native tokens, all while issuing false statements, presenting fake profitability statements and making unattainable promises to the investors, authorities said. In a press release, the U.S. Department of Justice (DoJ) said the two men from Orange County in California were each charged with one count of securities fraud. In addition to agreeing to plead guilty to the charges,…

Fan Token Platform Socios Secures Key Regulatory License

Socios.com, a blockchain startup aiming to tokenize the sports industry, has secured a major regulatory license allowing it to issue its own payments and loyalty card. Issued by the Estonian Financial Intelligence Unit, or FIU, the new license has been granted to the new Estonia-based entity called Socios Entertainment OU. Announcing the news on July 30, Socios’ partner project Chiliz.net noted that the FIU is the responsible authority for licensing crypto-related firms in the country. Socios’ prepaid fiat-crypto card is “due in the very near future” The new license allows…

DeFi Token LEND Breaks Parabola Support; More Losses Ahead?

LEND, the native token of non-custodial lending platform Aave, fell almost 40 percent from its year-to-date top of $0.384. The plunge followed a steep 2,000 price rise that occurred amid a hype-oriented boom in the decentralized finance sector. Technical indicators, coupled with a rally in proof-of-work tokens, now suggest that the LEND downtrend may continue. Aave’s LEND token surged by more than 2,000 percent in 2020. But its rally is appearing to come to an end. After topping at near $0.384 earlier in July, the LEND/USD exchange rate corrected lower…

Poloniex Adds DeFi Token Decentr

Crypto exchange Poloniex announced it has added the DeFi token Decentr to its DeFi Innovations Zone.  Decentr, an immutable platform that collects and secures user data, allows people to monetize their internet activity. Its native toke, DEC, is used to buy and sell data and, according to Poloniex, “helps to determine the value of users’ data.” Users can earn or lose personal data value, or PDV, based on the positive or negative interactions within the Decentr platform. Positive PDV increases the spendable value of the DEC tokens. DEC is the…