Tag: Token

World Mobile Unveils Token Buyback Program to Foster Growth

The token buyback program is poised to witness an escalation in both value and frequency as World Mobile sets its sights on expanding its presence across Africa, Asia, and the United States. World Mobile, a leading provider of decentralized mobile network solutions, has made a significant stride toward promoting sustainable growth within the sharing economy. The company recently unveiled its token buyback program aimed at supporting the development and expansion of its innovative network infrastructure. In a press release shared with Coinspeaker, World Mobile revealed that the initiative will enable…

Wallet providers introduce BRC-20 token support despite market drawdown

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On June 21, self-custody wallet provider BitKeep announced support for BRC-20 tokens issued on the Bitcoin network. With the feature, users can view, rank and transfer BRC-20 tokens and nonfungible tokens (NFTs). Developers also stated BRC-20 in-wallet swaps are coming “in [the] future.”  Last month, cryptocurrency exchange OKX also announced support for BRC-20 assets via the OKX Wallet app. Many centralized and decentralized exchanges have also rolled out BRC-20 support.  Although bullish on its outlook, Trust Wallet currently does not support BRC-20 tokens. They also cannot currently be stored on…

What Can You Do With a Blockchain Token That Is Classified as a Security?

In a way, this is likely the clearest example of what you could expect if any token is found to be a security: It will likely be inaccessible to U.S. users, given the current exchange ecosystem, but be available for trading around the world to anyone with a Bithumb, Bitstamp or KuCoin account (and in the U.S., if you have a VPN). Astute readers might note I left Binance – the largest U.S. exchange, by far – off that list. That’s not only because it’s currently being sued by the…

Horizen and Auros Join Forces to Drive Mass Adoption of EON and $ZEN Token

Auros, known for providing ample liquidity to exchanges and cryptocurrency projects through algorithmic trading and market-making, stated that they will provide the necessary liquidity to help achieve Horizen’s goals. On June 13th, Horizen, a leading layer 0 public blockchain, announced its strategic partnership with Auros, a global algorithmic trading and market-making firm, to boost the adoption of $ZEN while preparing for the launch of the EON ecosystem. According to Horizon’s statement, the union of both companies will accelerate the growth of EON, Horizen’s new EVM-compatible smart contracting platform. This will…

Five Reasons Why Polygon’s MATIC Token Should Not Be Classified as a Security

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The recent decision by the U.S. Securities and Exchange Commission (SEC) to classify Polygon’s MATIC token as a security has sent ripples through the cryptocurrency community. This decision, based on the SEC’s interpretation of the Howey Test, has been met with considerable debate and disagreement. Many argue that the classification of MATIC as a security is a misinterpretation of the token’s true nature. Here, we delve into five reasons why MATIC should not be considered a security.   The Principle of Decentralization: One of the most compelling arguments against the…

BLUR Underperforms CoinDesk Market Index Ahead of $62M Token Unlock

The token unlock, which will take place on Wednesday, will release almost 196 million tokens, representing nearly 40% of the currently circulating supply, according to data from CoinGecko and Token Unlocks. When this $62 million of tokens are released, owners of BLUR will get greater autonomy over their holdings, gaining the ability to sell or swap. Source