Tag: Token

Crypto Exchange Binance Burns Over $575,000,000 in BNB Following Token Update

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The chief executive of the worldโ€™s largest crypto exchange by volume says that the platform has torched $575 million worth of its native asset in its latest quarterly burn. In a new blog post, Binance CEO Changpeng Zhao says that the crypto exchange has destroyed a total of 2,064,494 Binance Coin (BNB) in its 22nd overall burning event and first quarterly burn of 2023. Binance says it plans to perform coin burns every quarter until it eliminates a total of 100 million BNB from circulation โ€“ half of the tokenโ€™s…

Spain’s central bank approves euro-linked token pilot as part of sandbox initiative: Report

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The financial sandbox ar of the Bank of Spain, or Banco de Espaรฑa, has reportedly approved a project from fintech firm Monei testing a token linked to the euro. According to a Jan. 18 report from Spain-based news outlet Cinco Dรญas, the Bank of Spain gave the green light to Monei to issue its EURM token as part of a testing phase expected to last between 6-12 months. The sandbox was aimed at establishing a controlled testing environment for financial innovations projects in Spain under the supervision of central bank…

Bullish Binance: Snowfall Token Hype Continues In The Crypto Community As The New Player Continues To Outshine Mainstream Cryptos

Place/Date: – January 18th, 2023 at 5:12 am UTC ยท 4 min read Source: Snowfall Protocol Binance, the largest cryptocurrency exchange by volume, is well-known for its continued bullish attempts in the ecosystem, and in 2023 it seems to have Shiba Inu (SHIB) and Terra classic (LUNC) in its list. Binance has been instrumental in assisting Terra Classic in reducing its LUNC supply through burns. Whatโ€™s more, Binance has staked 4 trillion SHIB in the Shiba Inu ecosystem ahead of the highly anticipated Shibarium release. In other news, Snowfall Protocol…

Decentraland’s MANA Token Outperforms Bitcoin With 88% Increase in One Week โ€“ Market Updates Bitcoin News

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The cryptocurrency economy is doing well during the third week of the new year, compared to the end of 2022. It is currently valued at $993.17 billion, as many digital assets have seen double-digit gains during the last two weeks. While some of the top ten cryptocurrencies, like bitcoin and ethereum, are performing well, a few digital currencies have outperformed a number of the top ten coins in terms of gains this year. Top Cryptocurrency Performers of the Week: Decentralandโ€™s MANA, Frax Share, and FTT Lead the Way Digital currency…

Socios.com Offering Game-Scoring Balls to Token Holders

Turning game-scoring balls into fan engagement tools is part of Socios.comโ€™s latest moves to improve how fans interact with the beautiful game and collect memorabilia. Blockchain-based fan token platform, Socios.com, has unveiled plans to allow its token holders to own game-scoring balls from the Italian Supercup Final. Any ball scored will be outfitted with an NFC chip by match officials. The chip validates the authenticity of the ball, allowing the ballโ€™s information to be tracked and stored. Whoever wins the ball will also have their ownership authenticated with the chip.…

SHIB Token Sees Rise Ahead of Shibarium Beta Launch โ€“ Bitcoin News

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The meme token shiba inu has seen a rise against the U.S. dollar during the last seven days as the coinโ€™s supporters anticipate the beta launch of the layer two (L2) scaling solution Shibarium. Developers detailed on Jan. 15, 2023, that the L2 platform, โ€œShibarium beta,โ€ is about to be launched on top of the Ethereum blockchain to provide better scalability, faster transaction times, and lower fees. SHIB Token Market Reacts Positively to Upcoming Shibarium Launch The shiba inu (SHIB) meme token community, also known as the โ€œSHIB Army,โ€ has…

FTXโ€™s FTT Token Spikes 43%, A Revival In The Works?

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Amid a bull run, mini or not, literally, anything can pump in the crypto market, even a token such as FTXโ€™s FTT Token. After the tragic fall of the exchange, everything about the exchange crashed, including its reputation. However, after a while, it seems as though a piece of the exchange is trying to stage a revival. Over the past months following the exchangeโ€™s bankruptcy incident, FTT had fallen from a ranging $25 market price to new lows of around $1. Though it may seem as if there is no…

Whale Moves Huge Amount Of Shiba Inu As Token Unveils To Metaverse

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As the dog-themed crypto asset gets ready to launch its new metaverse, a crypto whale is suddenly transferring trillions of Shiba Inu (SHIB) tokens. According to a tweet by Whale Alert, a platform for tracking whales said that a huge number of SHIB tokens (3,323,256,285,484) worth almost $30.48 million were moved from one unknown wallet to another.ย  ๐Ÿšจ ๐Ÿšจ 3,323,256,285,484 #SHIB (30,458,751 USD) transferred from unknown wallet to unknown wallethttps://t.co/f12FEIOwzC โ€” Whale Alert (@whale_alert) January 12, 2023ย  Metaverse Launch The addresses used in the transactions arenโ€™t associated with cryptocurrency markets,…

Decentralandโ€™s MANA Token Jumps as Metaverse Tokens Outperform Crypto Markets

The CryptoX Culture and Entertainment (CNE) sector index, which includes metaverse tokens such as MANA, gained 37% since the start of the year, becoming the best performing asset class among CryptoXโ€™s sector indices. The CryptoX Market Index (CMI), which tracks the performance of the broad crypto market, is up 17.4% in the same period. Source CryptoDecentralandsJumpsMANAMarketsMetaverseoutperformTokenTokens CryptoX Portal