Tag: Token

Arbitrum Foundation Offers Explanations to Alleviate FUD from ‘Unauthorized’ 50M ARB Token On-Chain Transfer

Ethereum Layer 2 governance platform Arbitrum Foundation has spoken out following the community FUD from its controversial ARB sale.  The Arbitrum Foundation is taking heat for offloading 50 million ARB tokens on-chain without community consent. ARB’s value slumped 11% following the sale, with the Foundation explaining it utilized the proceeds in the DAO’s interest. The Foundation also revealed it loaned 40 million ARB from the total on-chain transfer to a financial markets player. In addition, Arbitrum converted the remaining 10 million ARB tokens to fiat and channeled it toward operational costs. The Ethereum layer…

Alchemy Pay Sees $10M in Investment Funding as Native Token Jumps

Alchemy’s new raise of $10 million was single-handedly funded by market maker DWF Labs. Singapore-based payments provider Alchemy Pay has taken its expansion efforts a bit further. Alchemy Pay raised $10 million in investment funding to reach a valuation of $400 million, according to a press release. Alchemy Pay Keen on Expanding Its Business For what it’s worth, Alchemy Pay has been focused on leveraging the crypto-friendly nature of South Korea to its fullest capacity. According to a recent statement by the firm, it aims to be at the forefront…

BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales Market – Markets and Prices Bitcoin News

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While the non-fungible token marketplace Blur has captured a significant amount of the market share in terms of NFT sales, the market’s native token, BLUR, lost more than 28% in value last month. At present, BLUR tokens are down more than 88% since the crypto asset’s all-time high recorded on February 14, 2023. Blur’s Native Token Slides 28% Against the Greenback in 30 Days The NFT marketplace Blur has captured a majority of the NFT sales over the past month, according to metrics from dappradar.com. Additionally, according to data from…

Central African Republic’s Sango Project announces delay of token listing

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The organization following the launch of the Central African Republic’s Sango Coin has announced a delay of its listing “just for a few weeks,” citing legal and regulatory obstacles.  In a March 31 message on its Telegram channel, the Sango Project said the government of the Central African Republic, or CAR, had made “significant progress” in establishing laws and regulations which will allow its cryptocurrency Sango Coin to be listed on crypto exchanges. However, according to the project, the Sango Coin listing will be postpone for a few weeks before…

Non-Fungible Token Sales Slid 31% Lower in March With $882 Million in NFT Sales – Market Updates Bitcoin News

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According to statistics, the number of non-fungible token (NFT) sales in March was 31.42% lower than the previous month, dropping from $1.03 billion in sales for February to $882.89 million. The number of NFT buyers and transactions also declined, by 22% to 29%, over the last 30 days. March NFT Sales Slow, Ethereum Sales Dominate by Over 60% In March, sales of non-fungible tokens (NFTs) dropped by 31% compared to the previous month, as the number of buyers and transactions declined. Data shows that in February, NFT sales reached $1.03…

FET token surges by 10% as AI market heats up

Fetch.ai (FET) has been rising for the past 24 hours. It started the day trading at just about $0.34. This token continued to gain prices exemplary during the period, rising to about $0.37 at the time of writing. The token has surged in value by over 13.9% over the past trading day. For most of the past 24 hours, FET has been trading in the green, according to charts. FET price actions | Source: Coinmarketcap You might also like: Fetch.ai and Bosch promote industrial web3 adoption The price action over…

Biggest Movers: XRP Gains Intensify, as Token Hits 11-Month High – Market Updates Bitcoin News

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Xrp climbed to its highest level since last May, as bullish sentiment returned to cryptocurrency markets. The token rose by as much as 17% in Wednesday’s session, with the global market cap over 5% higher. Cardano also rallied, rising by over 11%. XRP maintained its bull run on Wednesday, as prices rose by as much as 17% in today’s session. Following a fall to a low of $0.4866 on Tuesday, XRP/USD raced to an intraday high of $0.5804 earlier in today’s session. As a result of the move, XRP hit…