Tag: Token

Attacker Takes Over Tornado Cash DAO With Vote Fraud, Token Slumps 40%

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Influencer served settlement demand via NFT, following $7M token presale

boss

A nonfungible token (NFT) influencer has been served with a settlement demand via NFT – which casually dropped the “F bomb” several times – alleging that the influencer engaged in wire fraud “at a minimum,” on a recent $7 million token presale. Lawyer Mike Kanovitz, a partner at Loevy & Loevy, took to Twitter on May 20 to state that a settlement demand letter has been served as an NFT to the wallet address associated with the alleged influencer known as ‘Ben.eth,’ whose real identity remains undisclosed. He alleged that…

BitDAO passes BIP-21 token optimization and branding proposal

boss

The BIT token will soon undergo a branding transformation to become Mantle, a measure approved through a high majority vote on May 19 on a proposal to optimize the token ahead of the launch of a new layer-two mainnet.  As Cointelegraph reported on May 12, the BIP-21 proposal sought to unify the BitDAO ecosystem under a “One brand, One token” principle. Now that it’s passed, with a reported votes tally of 235 million BIT voting yes and 988 BIT voting no, the BIT token will eventually become MANTLE. As per…

Pantos Protocol Releases Multichain Token Creator for Developers

The Pantos Protocol is making impressive moves with respect to its plans to go fully functional with usable products. Pantos Protocol, the blockchain network designed by the team behind the BitPanda blockchain, has announced the release of its highly innovative Multichain Token Creator as it seeks to empower developers within its ecosystem. As contained in a press release shared with Coinspeaker, the team said the Multichain Token Creator is ideal for creating cryptocurrencies that can be deployed and function on different networks. The entire idea behind the development of the…

BitBoy unexpectedly dumps BEN meme token stash for $78k

Ben Armstrong, the YouTube influencer also known as BitBoy, has sold his BEN tokens for 43 ethereum (ETH) less than a week after telling followers that he was committed to holding them for six months to make critics “dumb again”. BitBoy dumps BEN On-chain data from May 17 shows that the influencer, who rose to fame on YouTube, where he has over 1 million followers, offloaded all his BEN holdings in a series of transfers on May 17.  He earned roughly 43 ETH from his transactions, worth roughly $78,000 at current rates.…

Web3 Giant Axie Infinity’s AXS Token Jumps 12% After Firm Lists Game on Apple App Store

Initially, Apple store users across Latin America and Asia in countries including Argentina, Colombia, Peru, Mexico, Venezuela, Indonesia, Malaysia and Vietnam will have access to the card-based game called Axie Infinity. The game already has 1.5 million installations across all platforms. Sky Mavis, the creator of the play-to-earn project, plans to expand the game’s outreach via Google and Apple mobile users. Source

Surge in Ordinal Inscriptions Ignites Exponential Growth in BRC20 Token Economy – Bitcoin News

boss

Over the past four days, there has been a surge in Ordinal inscriptions, and as a result, the BRC20 token economy has experienced significant growth with over 10,000 additional coins. The current value of the BRC20 token economy now stands at $497.75 million, comprising a total of 24,677 distinct tokens. Bitcoin Users Issued More Than 10,000 New BRC20 Tokens In a Permissionless Fashion in 4 Days Bitcoin is embracing functionalities that were previously synonymous with the Ethereum blockchain, such as the innovation of new tokens and the generation of non-fungible…