“Australia’s token mapping exercise is the first of its kind by a national government, going back to first principles to understand crypto and map it to an existing regulatory framework,” said Angela Ang, senior policy advisor at blockchain intelligence firm TRM Labs and former regulator at the Monetary Authority of Singapore. However, the biggest question was how Australia would tackle Decentralized Finance (DeFi), Ang added. Source
Tag: Token
Smart Contract Token Market Soars to $332 Billion; Defi Value Reaches High Not Seen Since FTX Collapse – Defi Bitcoin News
The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a record high not seen since the collapse of FTX. Smart Contract Economy and Defi TVL Bounces Back On Thursday, Feb. 2, 2023, the top smart contract platform coin economy increased to $332.86 billion, a rise of 5.6% in the last 24 hours. Currently, roughly $20.44 billion in global trading volume is paired with smart contract tokens. Of the top ten…
Synapse Token Surges 44% as Cross-Chain Momentum Builds
The Synapse (SYN) token is trading at a five-month high of $1.22 following a 44.74% move to the upside over the past 24-hours. Source
OP Token Surges 25% as Optimism Foundation Proposes ‘Bedrock’ Upgrade
“One of the big narratives of 2023 looks to be Layer 2’s and the only way to get direct exposure to them right now is through the OP token,” Conor Ryder, research analyst at Paris-based crypto data provider Kaiko, said. “TVL on Optimism has also outpaced Arbitrum, its closest competitor, to start the year.” Source
Neon Link Announces Limited Presale Of The $NEON Token That Will Power A Thousand Blockchain Games – Press release Bitcoin News
press release Press Release. LONDON, ENGLAND – February 2nd, 2023 – Neon Link, a blockchain gaming company building a technologically robust and scalable environment, announced its opening of the presale of the $NEON token, taking place on the 15th February at 5PM UTC, which is set to fuel the next generation of games that sit on top of the project’s own cross-chain network. The $NEON pre-sale is only one side of the coin distribution – soon after that, the Neon Link public sales will follow. The earliest adopters to join…
Ethereum-Based Decentralized Exchange Token Explodes 50% As Project Releases Yearly Report
An Ethereum (ETH)-based decentralized exchange (DEX) token has shot up 50% in just a few days after the project released a new annual report. The dYdX (DYDX) Foundation released its “inaugural ecosystem annual report” on Monday, which outlined the decentralized finance (DeFi) DEX’s development in 2022. “Despite the challenging market conditions in 2022, stakeholders in the dYdX ecosystem persevered and continued to build toward the future of finance — one block at a time. In 2022, DeFi proved its resilience and demonstrated clear advantages over CeFi [centralized finance]. Market activity…
AllianceBlock Token Plunges 51% After $5M Exploit
AllianceBlock has paused all activity on its bridge following the attack, which occurred Wednesday afternoon. During the exploit, a Polygon wallet accessed 112 million ALBT tokens, bridging them from the Polygon blockchain to the Ethereum blockchain. The hacker also got 500,000 USDC from dumping Bonq Euro (BEUR) tokens. Source
LBRY Token Rally Stalls as Traders Move on From Court Speculation
LBRY blockchain’s native token LBC is giving back its gains as traders begin to digest the reality of a court hearing. Source
Lido DAO Governance Token Down, Staked Ether Price Stable, as Withdrawal Proposal Comes Into Focus; Bitcoin Price Rises as Fed Rate Decision Nears
“Gentle, quick and responsible, the Rabbit is the fourth animal in the 12-year cycle of the Chinese horoscope. Together with yin water, this combination bodes well for a calmer 2023 compared to last year’s tumultuous experience,” the brokerage wrote, while also reminding investors to seek professional advice before making a decision. “This year’s bazi, or destiny chart, advises us to step out of our comfort zone but remain mindful of perils afoot. After all, a rabbit’s foot is lucky for everyone but the fluffy woodland creature.” Source
Social token platform Rally announces shutdown of sidechain
Rally, a social token platform, has announced nonfungible tokens (NFTs) on its sidechain will no longer be accessible. Users reported across social media platforms that Rally said the platform’s sidechain will “begin to sunset” after Jan. 31, leaving users unable to access NFTs once the site fully shuts down. The site’s developers did not say that they would be offering another path forward in the future, but hinted at building “leaner web3 experiences and/or products on mainnet.” “2022 was a challenging year not only for the platform, but also for…