Tag: Token

Coinbase CEO responds to insider trading allegations with changes for token listings

Turner Wright

After some crypto sleuths made allegations of insider trading by individuals potentially connected to Coinbase, CEO Brian Armstrong said the crypto exchange would change some of its token listing practices. In a Thursday blog post, Armstrong did not confirm whether any Coinbase employees had received disciplinary action or been referred for criminal charges in response to allegedly receiving insider information used to profit off certain token listings. According to the CEO, Coinbase planned to change its listing process over the next few quarters “to try and prevent on-chain data giving…

Nexo Token Enjoys Short-Lived Rally Upon Binance Listing

Anthony B

Pablo Jódar, financial products manager at STORM Partners, a solution provider for the cryptocurrency space in Europe, said Nexo got a positive tailwind from the recent partnership announcement with Mastercard. The company unveiled a crypto-backed payments card that allows users to spend without having to sell their digital assets and offers customers a 2% cashback in their transactions. Author: Lyllah Ledesma Source link

Here’s why the growth of token staking could be bullish for Lido (LDO)

Jordan Finneseth

Liquid staking has grown in popularity over the past year thanks in part to the launch of the Ethereum beacon chain and the inability of ETH stakers to withdraw their tokens until the full launch of the consensus layer.  As a result, Lido (LDO) has established itself as a leader in the liquid staking sector. Lido is one of the main staking protocols for several popular tokens and it allows token holders to earn an extra yield by putting their staked assets to work in decentralized finance (DeFi). LDO/USDT 4-hour chart. Source:…

Bitcoin’s Correlation With Gold-Backed PAXG Token Weakens to Record Low

Omkar Godbole

“This reflects BTC’s increasing correlation with macro stock indices as well as its recent behavior as a risk asset rather than a store-of-value, and points to price turbulence ahead as markets digest the impact of further inflation and liquidity withdrawals,” Noelle Acheson, head of market insights at CoinDesk’s sister concern Genesis Global said. Author: Omkar Godbole Source link

DeFi token AAVE eyes 40% rally in May but ‘bull trap’ risks remain

Yashu Gola

A sharp rebound move witnessed in the Aave (AAVE) market in the last three days has raised its potential to rise further in May, a technical indicator suggests. AAVE price rebounds from key support Dubbed a “rising wedge,” the pattern appears when the price rises inside a range defined by two ascending, contracting trendlines. It typically resolves after the price breaks below the lower trendline with convincingly rising volumes. AAVE has been painting a similar ascending channel since early February 2022. The AAVE/USD pair has bounced in the past few days after…

Optimism-based projects spike on rumors of token airdrop

Brian Quarmby

The native token prices from multiple projects that employ Ethereum Layer 2 scaling solution Optimism have spiked around 20% amid rumors that the network will soon launch a token and airdrop it to the community. Optimism is a Layer 2 scaling solution that utilizes Optimistic rollups to process a high amount of transactions off the Ethereum blockchain. The project touts that it can operate smart contracts 5 to 500X cheaper than Ethereum’s Layer 1. According to DeFiLlama, the platform currently accounts for $496.47 million worth of total value locked (TVL)…

Atari claims its namesake token is now ‘unlicensed’ as it terminates blockchain joint venture

Zhiyuan Sun

In a statement published by former video-game giant Atari on Monday, the firm says it has, effective immediately, terminated all license agreements with its joint venture partner ICICB Group and its subsidiaries. Previously, the two had jointly created the Atari Chain and the namesake Atari Token (ATRI). However, the company has had a change of heart regarding the deal, and announced it was disclaiming interest in the joint venture, stating “ICICB is not authorized to represent Atari or its brands in any manner.” “Atari disclaims any interest in the […] Joint…

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