Tag: Token

Banana Gun’s redemption plan after BANANA token crash

The launch of the BANANA token faced a catastrophic glitch, causing a drastic price drop shortly after its debut. Amidst accusations and chaos, the team is working on a recovery plan. BANANA token, a much-anticipated token of Banana Gun, a Telegram bot, was launched on Sept. 11 and immediately grabbed the attention of many cryptocurrency fans. Yet, even though experts checked the system carefully twice, a small error in the smart contract slipped by, causing trouble just a few hours after it started. The bug was discovered by ChatGPT, opening…

Alex Mashinsky Seeks to Quash FTC Case as He Defends Criminal, CEL Token Charges

CryptoX – Cryptocurrency Analysis and News Portal Mashinsky, alongside his former Chief Technology Officer Hanoch “Nuke” Goldstein, argued the FTC would need to make more rules before taking on novel cases such as marketing fraud. In a separate filing, Goldstein said he was being unjustly held guilty by association with other Celsius executives, with the FTC depending on the fact that he retweeted a blog by Celsius. Original Source The post Alex Mashinsky Seeks to Quash FTC Case as He Defends Criminal, CEL Token Charges appeared first on CryptoX. CryptoX…

Lido assures LDO, stETH tokens remain safe despite flaw in token contract

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Ethereum staking protocol Lido Finance has assured both Lido DAO (LDO) and staked-Ether (stETH) tokens remain safe despite hackers allegedly exploiting a known security flaw in LDO’s token contract. Lido didn’t confirm any exploits, but acknowledged the security flaw was known and reassured LDO and stETH funds remain safe in response to a Sept. 10 post by blockchain security firm SlowMist. SlowMist said LDO’s flawed token contract allows bad actors to facilitate “fake deposit” attacks on exchanges because LDO’s token contract enables users to execute transactions even where they don’t…

Ripple token XRP set for a significant price surge, analyst predicts

After a brief rally fueled by a favorable court ruling, XRP’s price roller coaster continues, with CryptoSea founder Daan de Rover predicting a “gigantic move.” De Rover, who goes by CryptoRover on YouTube, indicated on X — formerly Twitter — that he expects a significant spike in price for XRP. XRP price analysis XRP, the digital asset of Ripple Labs, saw its price skyrocket on July 13 by over 80% after a significant courtroom victory over the U.S. Securities and Exchange Commission (SEC). The court ruled that XRP sales on…

AI token trading volume stagnant despite Worldcoin buzz – Kaiko data

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While the debut of Worldcoin drew attention to artificial intelligence-powered tokens(AI-tokens), recent trading data from Kaiko indicates that these AI tokens have shown resilience despite the controversy surrounding Worldcoin’s launch. According to recent Kaiko data, the trading volume of AI-related tokens remained stagnant during the past month. The examination revealed a moderate increase in the trading volume of AI tokens last month, reaching approximately $870 million, up from $570 million at the close of July. Nevertheless, when compared to the volume at the beginning of the year, there was a…

JPMorgan unveils blockchain-based token for faster payments

JPMorgan Chase & Co. is delving into the realm of blockchain-based digital deposit tokens, aiming to enhance cross-border payments and settlements. However, regulatory approval remains a crucial hurdle for this innovative payment method. According to a Bloomberg report, the New York-based investment bank and financial advisor is deepening its roots in the blockchain ecosystem and rolling out a new blockchain-based deposit token to enhance payments on its platform.  In simple terms, deposit tokens are digital representations of deposits held by customers in commercial banks. These tokens are designed to streamline…

JPMorgan Builds Blockchain Infrastructure for Deposit Token that Speeds Up Cross-Border Payments and Settlements

In addition to the JPM Coin, JPMorgan is now developing another blockchain asset that will function as a deposit token for cross-border transactions. Multinational bank and financial services giant JPMorgan (NYSE: JPM) is developing a blockchain deposit token to smoothen cross-border payments and settlements. According to a person familiar with the project, JPMorgan will use a digital deposit asset to quicken these payments. A Bloomberg report notes that JPMorgan has already developed the framework that will power the payment. However, the banking giant has decided to suspend creating the token until regulators approve the…

Solana Token Rises Following Visa USDC Settlement Announcement

Visa will now use payment processors to facilitate cross border transactions via the USDC stablecoin on Solana Pay. Solana’s SOL token rose on Tuesday following news that Visa will begin expanding its stablecoin services, via USDC, to the Solana blockchain, in collaboration with payment solutions providers Worldpay and Nuvei. The SOL token jumped 6% at one point but later fell to 4.39%, trading at $20.25, according to data from Coin Metrics. As of writing time, CoinMarketCap data shows SOL at $19.81. In an official statement, Visa said its intention is to make…

Solana, Aptos, APE & More Token Unlocks Coming This September

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September is gearing up to be a pivotal month in the crypto space, with a series of substantial token unlocks for Solana, ApeCoin, Worldcoin, Optimism, dYdX and Aptos on the horizon. Popular crypto voices, @TheDeFinvestor and @wacy_time1, have taken to Twitter to provide insights, speculations, and analyses on these impending events. Here’s a consolidated look at their perspectives. ApeCoin (APE) Set to witness one of the most significant unlocks this month, APE will release $54.8 million, which represents 11% of its circulating supply, on Sept. 17. Both influencers highlighted the…

Sybil Attack Targets Airdrop of Connext’s NEXT Token for $38K

The wallet in question, created just four hours before the airdrop for NEXT went live, was able to filter more than 200 claims to itself through multiple wallets. The airdrop was restricted to one claim per wallet. This strategy, known as a sybil attack, involves creating numerous wallets that are eligible to claim the airdrop before instantly selling the tokens for profit. Source