Tag: Token

Crypto Gaming Token AXS Surges 40% Ahead of $64 Million Token Unlock

Some observers have long argued that the impact of unlocks accentuate the prevailing market trend. “Large unlocks of tokens are a complex event that interface with market psychology. Simply put, large unlocks can be bullish catalysts in bulls, and bearish catalysts in bears. They unlock liquidity to continue the prevailing trend,” Chris Burniske, co-founder of New York-based crypto-focused venture firm Placeholder tweeted in April 2021, explaining the bullish reactions to token unlocks that took place in early 2021. Source

Bank of Spain Greenlights Euro-Backed Stablecoin Token Pilot Program – Fintech Bitcoin News

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The Bank of Spain has given approval for the launch of a pilot program involving the issuance and usage of euro-pegged stablecoins. The program, which MONEI, a fintech institution, is launching, will allow users to issue digital euros with fiat deposits in order to experiment with these in payment applications, increasing their transparency. Bank of Spain Authorizes Digital Euro Token Tests Europe is becoming a hotspot for stablecoins and CBDC (central bank digital currency) experimentation. On Jan. 19, the Bank of Spain greenlighted a pilot program that involves the issuance…

What is SingularityNET And Why Is Its AGIX Token Exploding By 116%?

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The popularity of artificial intelligence applications has been growing as popular platforms like SingularityNET and ChatGPT become mainstream. With Microsoft investing $10 billion on ChatGPT, we should expect AI applications to become more mainstream in the next few years.  AGIX, the native token of the SingularityNET, is capitalizing on this as it tallied huge gains since the start of 2023. According to CoinGecko, the token is up 116% in the past week (at the time of writing, Friday) with the biggest gains made at the bi-weekly time frame at 360%. …

Crypto Analysts Warn Against Shorting DYDX Ahead of $200M Token Unlock

Activity in decentralized exchanges like dYdX and GMX, offering perpetual futures, has picked up pace since the collapse of centralized derivatives giant FTX. Trading volume on dYdX increased to $2.9 billion on Jan. 14, according to data from Nomics, after reaching lows of $212 million after FTX’s unfolding. Perpetuals are futures contracts, but unlike the latter, they don’t have an expiry date. That allows traders, both bulls and bears, to hold their long/short positions as long as they like. Source 200MAheadanalystsCryptodYdXShortingTokenUnlockWarn CryptoX Portal

Revolut Suspends Launch of Native Token RevCoin, Here’s Why

Revolut is holding off on its token launch to determine the full extent of the damage caused by the FTX crash. Fast-growing fintech Revolut is presently trying to decide the best time to launch its native token RevCoin. Although Revolut has previously hinted that the RevCoin launch date will be this year, a spokesperson confirms that the specificity of the time will be dependent on the firm’s research. The spokesperson wrote in a statement” “We are scoping the market conditions and assessing the best time to launch RevCoin in the…

HNT Balloons As Token Gets 36% More Helium In Run-Up To Network Migration

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Helium’s native token HNT has been bloating in price since the start of the year. According to CoinGecko, the token is up more than 36% in the past week. This means that the token is ready for more gains in the coming days or weeks as Helium merges with the Solana blockchain. According to Helium’s tweet back on December 16th, the two blockchains will merge in the 1st quarter of this year. Will HNT continue its bullishness post-merge? The Merge & External Developments On Helium The Helium-Solana consolidation event is…

Solana Blockchain SOL Token Doubles From FTX-Crash-Induced Lows, but Will It Continue to Rebound?

Stefan Rust, CEO of blockchain technology firm Laguna Labs, said Solana has “held the ground solidly” by staying within the top 20 cryptocurrencies by market capitalization post-FTX, while hitting the metrics developers seek, including a project’s “distribution,” “difficulty in using toolsets,” “marketing and visibility” and “money.” He expects SOL’s price to rebound to $30 and even possibly $50 by the end of the year. Source

NFT Marketplace Blur Delays Native Token Launch

The platform, which has positioned itself as the NFT marketplace for “pro traders” since its launch in October, gained traction among seasoned JPEG slingers for its zero trading fees, marketplace “floor sweeping,” reveal sniping and advanced analytics. It is also backed by a number of industry heavy-hitters, including venture-capital giant Paradigm, NFT-native investment fund 6529, digital art collector Cozomo Medici and others. Source

Feature Film Mints Every Frame into a Non-Fungible Token (NFT) – Blockchain News, Opinion, TV and Jobs

The Rideshare Killer a horror/thriller feature film that explores some of the potential risks of using ridesharing services, has just become the first “every frame minted” (EFM) film. The producers minted all 119,170 frames of the feature film into individual 1-of-1 NFTs on the Polygon Blockchain. With nearly 120,000 individual NFTs minted, The Rideshare Killer offers horror fans a unique way of supporting the film, owning a unique collectible that could possibly appreciate in value, and being a part of the film’s legacy. As the NFT space matures, more films…