Tag: Locks

Blast Blockchain Locks Up Amid Ethereum’s Dencun Upgrade

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Ripple Locks Away 800 Million XRP In Escrow, Impact On Price?

Ripple Labs, a leading American-based payment firm has locked away a substantial amount of XRP tokens in its escrow wallet as part of its monthly unlock program to help bolster its ecosystem and XRP. Ripple Takes Back 800 Million XRP  A recent report from on-chain tracker Whale Alert revealed that Ripple took back about 800 million XRP tokens. This is no surprise, as the stated transaction has been a recurring outcome by the payment firm. The payment firm locked the aforementioned funds after its monthly 1 billion XRP release, which…

TON Believers Fund Locks 1.3 Billion TON Tokens

Since its launch, the TON Believers Fund collected a substantial amount of TON tokens. To be precise, it gathered 1,317,379,088 TON coins. The Open Network (TON) Believers Fund, a non-profit fund operating as a smart contract on the TON blockchain has successfully raised a remarkable 1.3 billion TON coins (approximately 25% of TON supply) from users that will be locked for 2 years. This impressive achievement has far-reaching implications for the project and showcases the remarkable support and enthusiasm of the crypto community for TON. The TON Believers Fund in…

Offchain Labs, team behind Arbitrum, locks over $3.7b of ARB for 4 years

New York-based Offchain Labs, the development team behind Arbitrum, a layer-2 scaling solution for Ethereum, has moved 2.679b ARB, worth over $3.7b, on-chain data on Apr. 1 indicates. The ARB transfer to a custodian According to Arkham Intelligence, an analytics firm, the large sum of ARB, making up 27% of the total supply, was moved on early Apr. 1.  Just 1 hour ago, $3.7B (that’s right – Billion) of $ARB was moved from the Arbitrum Foundation Multisig. It ended up at this new wallet, 0x1E7 – making 0x1E7 the holder…

Polygon-Ethereum ERC-20 Bridge Is the Most Active, Locks $2.18 Billion

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The Ethereum-Polygon ERC-20 bridge is the most active, data on January 23 reveals. Polygon-Ethereum Bridge Dominant As of January 23, there were $2.18 billion of assets locked in the Ethereum-Polygon ERC-20 Bridge, almost twice the value of assets locked between the Ethereum and Arbitrum bridge which, at the time of writing, stood at $1.36 billion. Another Plasma bridge, connecting Ethereum and Polygon, is also the third most active, locking over $894 million as of press time.  ETH Bridges TVL| Source: Etherscan The Arbitrum: L1 Custom Gateway, Arbitrum: L1 ERC20 Gateway, the…

Binance Investigating Abnormal Price Movements on Crypto Exchange, Locks Withdrawals on Some Accounts

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The world’s largest crypto exchange says it is probing certain accounts after noticing abnormal trading behavior on its platform. Binance says it is taking precautionary measures after noticing atypical activity involving the altcoins Sun Token (SUN), Ardor (ARDR), Osmosis (OSMO), FUN Token (FUN) and Golem (GLM). “We are aware of the abnormal price movements for certain trading pairs on Binance, involving assets such as SUN, ARDR, OSMO, FUN and GLM. Our team is investigating and taking appropriate actions in regards to the suspicious accounts.” Binance CEO Changpeng Zhao says the…

Crypto Exchange Coinbase Locks in Regulatory Approval To Expand to Singapore Market

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Digital asset trading platform Coinbase is announcing that it has received a license to operate in Singapore. Coinbase says that the Monetary Authority of Singapore (MAS) has granted the crypto exchange regulatory go-ahead to provide “digital payment token products and services” in the city-state. The Monetary Authority of Singapore, which is the city-state’s central bank and financial regulator, defines digital payment tokens as “digital representations of value that do not have a physical form, and are typically maintained using blockchain technology”. Coinbase says its presence in Singapore was growing even…

Genesis Digital Locks In 708 MW of Energy for Bitcoin Mining

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Cardano (ADA), After 35% Spike, Locks On Next Target: $0.55

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It’s no surprise that Cardano has been gaining traction on price. ADA spiked by as much as 35% in just a week with price trend going the same route as last week’s forecasts. If you have been holding and trading Cardano for the longest time then the past couple of weeks have predictably been a great rollercoaster ride. When Bitcoin showed new spark of vigor starting July 19, Cardano was warned of a bearish trend and a potential liquidity happening in the $0.40 range. ADA dipped by 12% which worked…

AkuDreams dev team locks up $33M due to smart contract bug

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The highly anticipated nonfungible token (NFT) project Akutars was marred by both an exploit and a bug on the weekend, causing over 11,500 Ether (ETH), worth nearly $33 million, to be locked forever within a smart contract, inaccessible even to the development team. The exploit, however, was conducted by someone trying to show a vulnerability in the project and not steal funds via a hack. The project went live on Friday with a Dutch Auction, a type of auction where the price lowers until it receives a bid, with the…