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Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower
21.2.2023
Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest...
Beware of Bing AI chat and ChatGPT pump-and-dump tokens — Watch The Market Report live
21.2.2023
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss ChatGPT pump-and-dump tokens and why you should be cautious
Biggest Movers: BCH Hits Fresh Multi-Month High, Whilst MATIC Extends Declines
21.2.2023
Bitcoin cash jumped to a fresh seven-month high on Tuesday, as prices rallied, despite bearish sentiment increasing. Today’s move comes as the global cryptocurrency market cap is trading 1.50% lower at the time of writing. One of the most notable tokens to fall has been polygon, which...
Deutsche Bank Completes Asset Management Test With Memento Blockchain, Putting Domani's DEXT Tokens Into Focus
21.2.2023
Called Project DAMA, the collaboration between Deutsche Bank and Memento Blockchain aims to address the challenges associated with launching and accessing digital asset funds
Report: South African Startup Momint Seeks to Boost Electricity Generation Using Blockchain-Based Solution
21.2.2023
Using a solution that is based on blockchain technology, the South African startup Momint has said the recently launched Suncash initiative aims to ease the country’s power generation challenges. For about $9, investors can reportedly buy non-fungible tokens (NFTs) linked to solar cells which...
Hundreds of Fake ChatGPT Tokens Are Luring Crypto Punters, Majority Issued on BNB Chain
21.2.2023
Of over 172 tokens branded after ChatGPT that were issued, over 132 different tokens have been issued on BNB Chain, the most among blockchains
BingChatGPT 'pump & dump' tokens emerging by the dozens: Peckshield
21.2.2023
Blockchain security firm Peckshield on Twitter said it has found dozens of pump-and-dump tokens purporting to be related to ChatGPT
Ethereum’s Transition to Proof-of-Stake Yields Deflationary Results
20.2.2023
After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were...
FTX Cautions Public About Fraudulent 'Debt Tokens' and Scams Alleging Association with the Insolvent Exchange – What's Going On?
20.2.2023
The bankrupt crypto exchange FTX has warned the public about tokens issued by groups who claim to be working on its behalf.
In a tweet posted by the debtors who now control the FTX bankruptcy estate, crypto investors were urged to be “on alert for scams from entities claiming to be affiliated with...
Helium Network Migration to Solana Blockchain in March Drives Significant Gains for SOL and HNT Tokens
20.2.2023
Over the past seven days, the crypto asset solana has increased more than 23% against the U.S. dollar after the announcement that the Helium Network plans to migrate to the Solana blockchain on March 27. Helium Network’s native token, helium, has also risen, jumping 25% over the past week...
Ordinal Inscription Collections on Bitcoin Blockchain Grow as Creators Monetize Art
20.2.2023
With more than 150,000 Ordinal inscriptions on the Bitcoin blockchain, there are now numerous collections as creators and artists have found a new way to monetize their artworks via blockchain technology. In the past month, people have launched collections such as Ordinal Punks, Ordinal Penguins...
Binance to bring fans closer to sports teams with fan token platform
20.2.2023
Participants can collect points to redeem various rewards like a dinner with their favorite player or a stadium tour
Dogecoin Price Prediction as DOGE Whale Moves Millions of Tokens to Unknown Wallet – What's Going On?
20.2.2023
Dogecoin has barely moved in the past 24 hours, with its current price of $0.088410 representing a 7.5% gain in the past week. It also marks a 2% gain in the past month, with DOGE benefitting in this period from Elon Musk continuing to make cryptic allusions to the meme token....
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End of an Era for the Seasonal Tokens Economy: Summer Tokens to Become Scarcer
20.2.2023
PRESS RELEASE. Like bitcoin, the four Seasonal Tokens – Spring, Summer, Autumn and Winter – are produced by proof-of-work mining and go through regular halvings that make them harder to obtain as time goes on. Once every nine months, the rate of production of one of the tokens is cut...
Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days
20.2.2023
Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the stablecoin still commands roughly 10.7% of...
FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming to Be Affiliated With the Bankrupt Exchange
19.2.2023
On Friday, debtors who control the official FTX Twitter account warned the community to “be on alert for scams from entities claiming to be affiliated with FTX.” They also noted that neither FTX debtors nor any entity related to the company has issued any IOU crypto assets...
Metaverse, AI, and Liquid Staking Tokens Lead Year-to-Date Crypto Asset Gains Among Top 125
19.2.2023
In 2023, the leading crypto assets, such as bitcoin and ethereum, have captured decent gains. Bitcoin has increased 17.2% over the last 30 days, and ethereum has risen 9.3% in the same timeframe. However, year-to-date statistics show that bitcoin is down 38.3%, and ethereum has lost 39.3% against...
Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects
19.2.2023
On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a Web3 incubation program with the multichain smart contract platform Astar Network. The program has started accepting applications, and Sony and Astar will jointly mentor Web3 projects “focused on...
Opensea Drops Fees to Zero and Announces New Creator Earnings Model in Response to Shifting NFT Landscape
18.2.2023
The largest marketplace for non-fungible tokens (NFTs), Opensea, has announced major changes to its fee structure and policies in response to a shift in the NFT ecosystem. The company detailed that it will drop fees to zero for a limited time and offer an optional creator earnings model with...
DexibleApp aggregator hacked for $2M via 'selfSwap' function
17.2.2023
The buggy function was intended to allow users to provide their own routing information, but the code did not limit routers to a pre-approved list