Tag: Token

This Web3 Game Sees a Resurgence of Interest, Token Jumps 50% in 2 Weeks!

Anthony B

According to information provided (1) by DappRadar, the leading play-to-earn platform Axie Infinity [AXS], has seen a boost in user activity since the beginning of 2023. It coincides with the resurgence of interest in NFTs and the gaming vertical of the crypto currency ecosystem. The user activity in the play-to-earn gaming environment dropped significantly in 2022 due to the general downturn in the crypto currency market. According to the findings of the CoinMarketCap & Naavik 2022 Blockchain Gaming Report, released (2) in November 2022, prominent play-to-earn games like STEPN and…

CoinMarketCap-led token airdrops ‘infected by fraud,’ crypto project claims

Jesse Coghlan

Two crypto projects have cried foul play over promotional airdrops conducted by CoinMarketCap (CMC) on their behalf, which they allege was “gamed” for the benefit of a small group of exploiters. These promotional airdrops — designed to be distributed to thousands of wallets to raise awareness of a crypto project — ended with the tokens funneling to just a handful of wallets, suggesting potential manipulation of the system. SATT token drop Blockchain advertising solution SaTT alleged to Cointelegraph that a promotional airdrop it paid CMC to conduct in Dec. 2022…

SEC Calls FTT Exchange Token a Security

Anthony B

“If demand for trading on the FTX platform increased, demand for the FTT token could increase, such that any price increase in FTT would benefit holders of FTT equally and in direct proportion to their FTT holdings,” the SEC wrote in its complaint. “The large allocation of tokens to FTX incentivized the FTX management team to take steps to attract more users onto the trading platform and, therefore, increase demand for, and increase the trading price of, the FTT token.” Author: Sam Reynolds Source link

Bitgo Reveals Wrapped Dogecoin Token Built on Ethereum – Altcoins Bitcoin News

Jamie Redman

On Nov. 2, 2022, the digital asset custody business and financial services provider Bitgo introduced a wrapped version of the meme coin asset dogecoin built on top of the Ethereum blockchain. The company detailed the wrapped dogecoin initiative, the Wdoge DAO, is through a partnership between the Dogecoin Foundation, Bluepepper, and Mydoge wallet. Bitgo Introduces Wrapped Dogecoin Initiative Almost four years ago in January 2019, Bitgo launched the popular ERC20 token wrapped bitcoin (WBTC). WBTC is essentially a wrapped version of bitcoin built with the ERC20 standard on top of…

$3 Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10% – Altcoins Bitcoin News

Jamie Redman

Over three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last month. On Oct. 1, 2022, tether’s market capitalization was approximately $67.95 billion, and it’s risen to $69.36 billion since then. Circle’s usd coin, on the other hand, had a valuation of around $47.20 billion 30 days ago and today, the market cap is $42.54 billion, after the stablecoin project’s number of tokens in circulation dropped by 10.3%. Stablecoin Economy’s Supply…

Proof-of-Stake L1 Blockchain Token Aptos Climbs Close to 20% Higher in 24 Hours – Altcoins Bitcoin News

Jamie Redman

Five days ago, the Aptos blockchain went live after the project received an influx of capital from venture capital (VC) firms and crypto exchanges like a16z, Binance, and FTX. During the past 24 hours, aptos (APT) is up more than 19% against the U.S. dollar and up 11.1% against bitcoin’s value. The VC-backed blockchain token has managed to situate itself within the top 60 largest crypto market capitalizations in existence. Aptos Market Cap Climbs Over $1 Billion, APT Transactions per Second Increases From 4 to 16 A new token has…

NFT project Azuki launches Physical Backed Token

Jeffrey Albus

Anime-inspired nonfungible token (NFT) project Azuki has released a Physical Backed Token (PBT) — an open-source token standard that ties a physical item to a digital token on the Ethereum blockchain.   Azuki shared on its Twitter account that the first implementation of the PBT will use the BEAN Chip; a physical cryptographic chip that self-generates an asymmetric key pair. The combination of the PBT and the BEAN Chip introduces a feature, which the project is calling “scan to own”. Introducing the Physical Backed Token (PBT): an open source token…

Huobi Token Pumps 77% In Seven Days, What’s Behind The Rally?

jamesobande

HT’s price shows strength as price cracks 77% gain despite the market displaying uncertainty.  HT bounces from the downtrend as the price breaks out of a descending triangle with strong buy volume.  The price of HT shows bullish signs as the price trades above 50 and 200 Exponential Moving Averages (EMA) with good volume.  The price movement of Huobi Token (HT) is a spectacle to behold after successfully breaking out of its downtrend that has seen the price of Huobi Token (HT) grounded against tether (USDT). Despite the current state…

Coinbase Gets Singapore Digital Payment Token License

Sam Reynolds

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

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