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What are reflection tokens and how do they work?

25.12.2022
Reflection tokens allow holders to earn passive returns from transaction fees by simply holding onto their assets

Privacy Coins Take a Beating This Year Losing Over $6 Billion, Anonymity Takes a Back Seat to Defi, NFTs

24.12.2022
The last 12 months have been tough on digital currency investors as the crypto winter has caused a large sum of value to leave the once-bustling economy. The privacy coin economy, for instance, shed more than 55% against the U.S. dollar as it dropped from $11.7 billion in Jan. 2022 to the current...

New Revelation: FTX’s Acquisition of Blockfolio Paid in FTT Tokens Which are Now Virtually Worthless – Here’s What You Need to Know

23.12.2022
When the now-bankrupt crypto exchange FTX acquired the crypto mobile app Blockfolio, payment was not made in cash but instead in the form of FTX’s own FTT tokens, financial statements have revealed. According to Bloomberg, which said it has obtained financial statements from FTX, about 94% of...

Paxful to Drop Ethereum Trading Due to Increased Centralization and Consensus Mechanism Pivot

22.12.2022
Paxful, a New York-based, peer-to-peer (P2P) cryptocurrency exchange, will drop Ethereum trading from its platform on Dec. 22. Ray Youssef, CEO of the company, cited different reasons for this decision, with increased centralization and the recent consensus mechanism pivot amongst them. Youssef...

Update from B2BinPay: New Pricing, Tokens, and Merchant Models Along with Redesigned Website

22.12.2022
B2BinPay is perfect for businesses looking for a reliable, cost-effective cryptocurrency payment processing solution; the top payment solution B2BinPay has recently improved its commissions, website, Enterprise and Merchant Models, and the platform itself. With newly lowered costs and an improved...

South Korean court freezes $92M in assets related to Terra tokens

20.12.2022
The CEO of Terraform Labs’ affiliate firm Kernel Labs reportedly held the largest amount in illegal proceeds from Terra

Ex-President Donald Trump’s NFT Collection Receives Backlash After Users Spot Photoshop Errors

19.12.2022
The recently-released non-fungible token (NFT) collection by the controversial figure and the former president of the United States, Donald Trump, is being heavily criticized over its poor quality and editing, potential AI generation, and using brand-owned and stock images - among other things. ...

Storage Protocol Tokens Slide as Traders Short FileCoin and Storj

19.12.2022
Filecoin saw record shorts over the weekend as its down 28% over the past five days, while StorJ is down 20% in the same time period

Nifty News: Building bridges in the Metaverse, elaborate Apes scam and more

19.12.2022
A South Korean province is using the Metaverse for closer economic ties with Vietnam and an elaborate phishing scam netted 14 Bored Apes

350 new 'scam tokens' were created every day this year: Solidus Labs

19.12.2022
From September 2020 to Dec. 1 over 200,000 scam tokens were created with well over half of those deployed this year

Donald Trump Trading Card NFTs Skyrocket in Value Despite Being Mocked for His ‘Major Announcement’

18.12.2022
After the former 45th president of the United States, Donald Trump revealed his non-fungible token (NFT) trading card collection, Trump’s NFTs sold out within hours after the announcement. Statistics from Opensea, three days after the sale, show that the Trump NFT trading card...

The Need for Cross-chain NFTs in a Multichain Ecosystem

18.12.2022
Ramani Ramachandran is the CEO and Co-Founder of Router Protocol and Dfyn Network.__________ For a multichain ecosystem to thrive and crypto to evolve, cross-chain non-fungible tokens (NFTs) are a must.... Read More: The Need for Cross-chain NFTs in a Multichain Ecosystem

TVL in Defi Slides Under $40 Billion, Tapping a Low Not Seen Since February 2021

17.12.2022
The total value locked (TVL) in decentralized finance (defi) has fallen below the $40 billion mark for the first time since the first week of Feb. 2021. On Dec. 17, 2022, the TVL in defi is roughly $39.53 billion after dropping more than 4% in value during the past 24 hours. Value Locked in Defi...

Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month

16.12.2022
While billions of dollars in crypto assets have been withdrawn from Binance, the world’s largest exchange in terms of volume, the stablecoin BUSD has seen its coins in circulation drop considerably during the last three days. While 20% of BUSD’s supply was drained since last month...

Argentine Province of San Luis to Issue Dollar-Pegged Stablecoin and Local Art NFTs

16.12.2022
San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. The bill, which also approves the issuance of local artistic assets as NFTs (non-fungible tokens) seeks to enable the promotion of social development, and economic, cultural...

Coinbase launches new asset recovery tool for ERC-20 tokens

16.12.2022
Coinbase takes the lead in the industry by becoming the first-ever crypto company to begin rolling out a new tool that helps users to recover up to 4,000 unsupported ERC-20 tokens. The move is indeed helpful, as tokens are often sent by mistake. It is difficult to recover those tokens due to their...

Ren DAO to plan on minting new funding tokens

16.12.2022
Ren DAO, at present, is deliberating on whether to go in for the minting of fresh funding tokens following the collapse of Alameda. According to their belief and understanding, with the aid of these minted tokens, the Ren Foundation can then duly take advantage of the situation and arrive at...