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Avalanche Foundation to Hop Onto the Meme Coin Train, Announces Investment in Selected Projects
1.1.2024
The Avalanche Foundation, an institution that funds avalanche initiatives, has recently announced that it will start investing in meme coins. These purchases will be made using funds from the $100 million Culture Catalyst fund launched in 2022, and the tokens will be selected based on their number...
Frenzy for 1,000x Gains Drives Surge in New Tokens on Solana
31.12.2023
Source: AdobeStock / Aleksandra Sova The Solana blockchain network has experienced an unprecedented influx of new tokens this month, surpassing any previous records by a significant margin. According to data from Solscan, over the last two weeks alone, a staggering 72,202 new tokens have been...
SEC Whistleblower Reveals Chai Payments App in Terra Ecosystem Didn’t Use Crypto
31.12.2023
Source: Adobe/Casimiro Four crypto tokens sold by Do Kwon and his co-founded company, Terraform Labs, has been qualified as unregistered securities. The tokens in question are TerraUSD (UST), LUNA, wLUNA, and Mirror Protocol (MIR), according to a recent summary judgment ruling by Judge Jed Rakoff...
Okx to Cut Ties With Privacy Coins Amid Regulatory Heat, Triggering Market Dip
29.12.2023
In light of the ongoing dialogue around Binance’s removal of privacy coins, the cryptocurrency exchange Okx has declared the removal of various spot trading pairs linked to privacy tokens such as monero, zcash, and dash. Okx attributes its decision to remove these offerings...
CAKE Token Supply Cut — Pancakeswap Community’s Decisive Vote Spurs Market Surge
29.12.2023
The Pancakeswap community has sanctioned a governance vote to eliminate 300 million CAKE tokens from the crypto asset’s total supply. Records indicate that a substantial 97.88% of community votes supported the reduction of 300 million CAKE, decreasing the total supply from 750 million to...
Privacy Tokens DASH, ZCH, XMR Take Hit as OKX Says It Will Suspend Trading
29.12.2023
More than 20 trading pairs will be delisted next week as they no longer meet the crypto exchange's listing criteria
Terraform Labs' LUNA and MIR Tokens are Securities, Judge Rules
29.12.2023
A federal judge issued summary judgements siding with the SEC's arguments that Terraform had illegally sold unregistered crypto securities
Elon Musk Criticizes NFTs, Gives Nod to Inscriptions: ‘At Least Encode the Jpeg on the Blockchain’
28.12.2023
Elon Musk, the chairman of X, has referred to non-fungible tokens (NFTs) and the defects of their implementation, indirectly making the case for inscriptions. Answering a post on X on the topic of NFTs, Musk suggested saving the jpeg (an image format) of the NFT on the blockchain, like inscriptions...
Assessing Market Trends: Why Solana (SOL) and Retik Finance (RETIK) are the tokens for Long Term Profits
28.12.2023
In this article, we embark on a journey across the cryptocurrency seas, steering toward the shores of long-term profits. Our compass guides us to two promising tokens: Solana (SOL) and Retik Finance (RETIK), showing noteworthy potential amid the ever-changing market trends. Solana creates ripples...
PancakeSwap Developers Launch Proposal to Reduce CAKE Token Supply by 300 Million Tokens
28.12.2023
Adobe Stock / JorgeEduardo Decentralized exchange (DEX) PancakeSwap has introduced a proposal to significantly decrease the maximum supply of its native ecosystem token, CAKE. The developers seek to reduce the token supply from 750 million to 450 million, aiming to better align it with the current...
2 Billion CHMPZ Tokens Will Be Burnt As Chimpzee Gets Set To Launch on P2B
28.12.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Chimpzee (CHMPZ) has done so much to win the crypto community over and the excitement is palpable. The project’s presale has been a stunning success, with this eco-friendly token that has committed...
Elon Musk Weighs in on NFT Technology — Here’s What He Thinks
28.12.2023
Image Source: YouTube/Fox News Elon Musk has again shared his opinion about the current structure of non-fungible tokens (NFTs), noting that embedding JPEG images into a blockchain can establish exclusive ownership for enthusiasts. On December 27, Musk responded to a comment on his platform,...
Best Crypto to Buy Today December 26, 2023 – Ordi, Sui, Aptos
27.12.2023
Ordi, Sui, and Aptos surged in price over the past week, positioning themselves as potentially the best cryptos to buy today. Image by cryptonews.com. The cryptocurrency market continues to see volatility and new developments, with some tokens making notable moves recently. Ordi, Sui, and Aptos...
ORDI’s Record Rally — Leading the Charge in Bitcoin’s BRC20 Token Boom
26.12.2023
On Dec. 26, 2023, the Bitcoin-based BRC20 token, ORDI, soared to a record $81.34 per coin before declining over 14% from its peak. BRC20s have emerged as significant players in the crypto asset arena, with several tokens mirroring ORDI’s trajectory. Bitcoin’s BRC20 Token ORDI Peaks...
Defi Rebounds: Total Value Locked and Token Prices Surge as 2023 Marks a Year of Recovery and Growth
26.12.2023
On April 3, 2022, decentralized finance (defi) protocols held approximately $163 billion total value locked (TVL). By the start of January 2023, this amount declined to $38.30 billion. Concurrently, in April 2022, the leading defi tokens by market capitalization were collectively worth $135...
Ondo Finance Expands With Solana (SOL) – Everlodge (ELDG) to Become Major Force in $4.548T Market
26.12.2023
Ondo Finance has expanded their U.S. Treasury-backed tokens to the Solana (SOL) blockchain and ecosystem applications. As a result, investors can now use them as collateral and in Decentralized Finance (DeFi). These tokenized treasuries spearheaded the real-world asset boom to bring traditional...
Ethereum (ETH), Dogecoin (DOGE), Bitcoin (BTC) Plunge After Holders Capitalize On Gains, Analysts Eye Pullix Presale After It Sells Over 5 Million Tokens In Less Than A Week
26.12.2023
Cryptocurrency markets have witnessed a notable downturn, with major players like Ethereum (ETH), Dogecoin (DOGE), and Bitcoin (BTC) experiencing significant price plunges. This trend has been largely attributed to holders capitalizing on recent gains, leading to a substantial sell-off. Could heads...
This Shiba Inu Alternate Has the Power To Pump Like SHIB
26.12.2023
The “meme coin” phenomenon, sparked by Dogecoin (DOGE) and amplified by Shiba Inu (SHIB), has captured the imagination of investors and the crypto world alike. These tokens, often featuring dog-themed branding and lighthearted communities, have achieved astonishing price surges, leaving...
Biggest Crypto Gainers Today on Uniswap – METIS, MIND, BEAM
25.12.2023
As the broader crypto market slows down after weeks of price surges, a number of tokens on Uniswap UNI) continue to remain key performers, drawing the focus of both investors and traders. One of these top performs is METIS, which has seen its value reach $50, increasing by more than 32% in just...
This Shiba Inu Rival will match the Market cap of SHIB in 2024, reckon experts
25.12.2023
In the dynamic world of cryptocurrencies, the emergence of new and innovative tokens regularly reshapes the market landscape. Shiba Inu (SHIB) has been a remarkable success story, capturing the imagination of investors worldwide. However, as we move towards 2024, a new contender is emerging, poised...