Tag: Token

FTX token and other Sam Coins surge after Bankman-fried’s conviction 

Altcoins linked to Sam Bankman-Fried see a significant surge, as the FTX token soared over 200% in a week. Despite the recent conviction of Sam Bankman-Fried on multiple counts of fraud and conspiracy, the altcoins closely associated with the FTX founder saw a major upswing during this week’s market rally. The so-called ‘Sam Coins’ have seen major gains this week, despite the negative sentiment around them throughout the month-long trial.  #FTX Token has now surged nearly 200% in the span of a few days amid news of a possible exchange…

Cardano TVL outpaces Bitcoin’s, new token surging as Tether injects 1B USDT into Tron

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According to recent news, Cardano’s total value locked (TVL) surged, surpassing Bitcoin’s. Also, Tether has increased its USDT reserve on Tron with an additional 1 billion USDT. Meanwhile, a new project, Everlodge, continues to gain traction. Cardano TVL overtakes Bitcoin In Q3 2023, the Cardano ecosystem experienced rapid expansion, attributed to heightened developer activity and a positive market sentiment.  Cardano’s Total Value Locked (TVL) surged to $240 million, securing its position as the 11th most active blockchain. This spike also saw the project’s TVL rise to an all-time high.  The…

Cathay Securities debuts Taiwan’s first security token offering platform

Cathay Securities announced that it has obtained regulatory approval to launch Taiwan’s first Security Token Offering business.  Taiwan’s financial sector, Cathay Securities has become the island’s first brokerage firm authorized by the Financial Supervisory Commission to launch a Security Token Offering (STO) business. This pioneering move allows the brokerage to issue digital assets that represent investments, marking a significant milestone in the evolution of traditional finance and investment mechanisms in Taiwan. Cathay Securities’ inaugural STO will finance the parent company of Green Point Energy Creation, known for pioneering the renewable…

Financial Supervisory Commission of Taiwan awards first securitized token license

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Taiwan’s financial watchdog, the Financial Supervisory Commission (FSC), has awarded the country’s first security token offering (STO) license to Cathay Securities. According to local news reports on Nov. 9, Cathay received regulatory approval for its “Sunshine Green Yield” STO bonds with a time to maturity of six years, initial annual interest of 3.5%, and an initial principal amount of 30 million New Taiwan Dollars ($0.93 million). Through the token subscriptions, enterprise owners can purchase green electricity on the market for environmental, social, and corporate governance initiatives under favorable conditions and…

Binance to list Bitcoin Ordinals’ token ORDI

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The largest cryptocurrency exchange, Binance, announced the listing of the native token of the Bitcoin Ordinals project — ORDI. Users can already fund accounts with coins in preparation for trading. The platform introduced spot trading pairs: ORDI/BTC, ORDI/USDT, ORDI/TRY. Withdrawals will open tomorrow, on Nov. 8. In addition, within 48 hours, the token will be available on an isolated margin paired with the stablecoin Tether (USDT). Before trading, the first thousand users who top up their account with at least 72 ORDI will receive a reward of 50 USDT. At…

Blur token skyrockets as NFT sales surpass the $10m mark

The Blur (BLUR) token price gained bullish momentum for the first time in over four months as the marketplace saw a notable surge in non-fungible token (NFT) sales. Blur is up by 30% in the past 24 hours and is trading at $0.39 at the time of writing, reaching a four-month high. The asset’s market cap is currently at $414 million, last seen in late July. BLUR’s 24-hour trading volume also skyrocketed by 400%, surpassing the $460 million mark. BLUR price, whale activity, social volume, and open interest – Nov.…

ORDI, A Token Linked to Bitcoin Ordinals, Jumps 50% on Binance Listing

“ORDI is a relatively new token that poses a higher-than-normal risk, and as such will likely be subject to high price volatility,” Binance said in a Tuesday announcement. “Please ensure that you exercise sufficient risk management, have done your own research in regard to ORDI’s fundamentals, and fully understand the project before opting to trade the token.” Source