Tag: Token

Sandbox Set For $133 Million Token Unlock, A Bearish Trigger For SAND Price?

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Decentralized gaming platform, The Sandbox is set to execute a SAND token release valued at $133.86 million. According to data from TokenUnlocks, Sandbox will release 332.55 million SAND tokens into circulation on August 14, representing 16.16% of the token’s maximum supply.  New SAND Tokens In 2023 To Rise Over 700 Million With the upcoming SAND release, the total number of new SAND tokens in 2023 is expected to rise to 705.3 million. This latest unlock will add to the 372.75 million SAND released earlier during the last token unlock in…

HBAR Token Scores Impressive Gains As Major Cryptos Nosedive

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Hedera Hashgraph’s native cryptocurrency, HBAR, is shining following the slight boost in the crypto market today, August 8. Hedera briefly broke through the one-month-long $0.5 resistance, climbing above $0.6, while top coins like Bitcoin bleed with losses. Even though the overall crypto market cap gain affected many assets positively, HBAR owes most of its gains to the latest ecosystem developments and partnerships. HBAR Price Performance Amid Impressive Ecosystem Updates Despite a drop in trading volume, HBAR has soared over 6%, attaining a peak of $0.06032 on Tuesday morning. This sharp spike…

Blockchain.com Obtains Digital Payment Token License in Singapore

The Monetary Authority of Singapore (MAS) has granted a Major Payment Institution License (MPI) to the popular cryptocurrency exchange Blockchain.com. With this license, the platform will be able to provide digital payment token services to institutional and accredited investors. On August 7, 2023, it was disclosed that the application had been approved, and on August 1, 2023, the license was issued. The license comes after Blockchain.com received in-principle approval from MAS in September of the previous year. As of now, there are 3,427 companies that have been granted licenses, with distribution…

Terra Luna Token Burn Proposal Greenlit: Could $1 Be Hittable?

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Terra Luna has seen the successful approval of community proposals 11658 and 11660, authorizing the retrieval and subsequent incineration of a total of 800 million USTC. The prevailing sentiment within the community leans towards directing these USTC tokens towards the burn address as opposed to reintegrating them into the community pool. Conversely, a noteworthy shift has been detected in LUNC’s staking ratio within the past day, where a previous upward trajectory has now given way to a decline. This alteration in the staking ratio commonly signifies reduced assurance among stakers…

Aptos’ APT Token Slides Ahead of $30M Unlock

Data from TokenUnlocks shows that more than 4.5 million APT tokens, worth about $30 million, will be unlocked on Friday. 3.21 million tokens, or $21 million, will be distributed to the community, while the remaining tokens will be distributed to the Aptos Foundation. Source

Bitget faces lawsuit by influencer over ReelStar token listing fiasco

Crypto influencer Evan Luthra has brought a lawsuit against crypto exchange Bitget for freezing his account after a new token listing in March. According to Luthra, the exchange suspended his withdrawals, and froze $200,000 in Tether (USDT), while attempts to seek clarification went unanswered.  Luthra’s involvement with the ReelStar project serves as a backdrop to these events. The influencer was hired as an advisor of ReelStar, a startup developing a social media app for creators. As compensation, Luthra was offered REELT tokens, the project utility token. Upon its listing, the…

Elon Musk debunks scam token claims, assures no crypto plans for X

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Elon Musk firmly stated that the social media platform X, (formerly known as Twitter), has no plans to launch any crypto tokens, as he responded to a post regarding questionable X and Twitter-based digital currencies on Saturday, August 5. In response to a post made by DogeDesigner, Elon Musk addressed the issue of scam tokens like $X and $TWITTER falsely claiming connections to the social media platform. DogeDesigner had cautioned the crypto community about being cautious with certain articles related to scam tokens and clarified that neither Elon Musk nor…

Elon Musk debunks scam token claims

Elon Musk has stated that his social media platform X (formerly Twitter) has no plans to launch crypto tokens in response to a post regarding questionable X and Twitter-based digital currencies on Saturday, Aug. 5. In response to a post by DogeDesigner, Musk addressed the issue of scam tokens like X (X) and TwitterDAO (TWITTER) falsely claiming connections to the social media platform. DogeDesigner had cautioned the crypto community about being cautious with articles related to scam tokens and clarified that neither Musk nor X had ever launched a crypto…

XDC Token Continues To Record Higher Gains Daily, Can It Achieve $0.1 Mark?

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XDC Network is now on its way to the $0.1 target price after encouraging price movements over the past weeks. The token is now among the most searched cryptos ranking fourth on CoinMarketCap’s list of trending cryptocurrencies. However, the question remains: How long can XDC sustain these rallies? Are the bulls energetic enough to exceed the anticipated $0.1 price mark? Let’s see XDC Soars Amid Market Downturn, What’s Fueling Its Price Movements? XDC Network is soaring today, August 4, as the broader market slightly improved. With a bullish momentum, the…