Tag: Token

DEX token GMX rallies 35% after beating Uniswap on trading fees for the first time

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The price of GMX rallied to its second-highest level in history on Dec. 1 as traders assessed the decentralized exchange’s ability to evolve as a serious competitor to its top rival Uniswap (UNI). GMX established an intraday high of $54.50 in a recovery that started on Nov. 29 from $40.50. Its rally’s beginning coincided with crypto research firm Delphi Digital’s tweet on the GMX decentralized exchange, as shown below.   GMX/USD four-hour price chart. Source: TradingView GMX beats Uniswap in fees for the first time Notably, GMX had earned about $1.15…

Healthcare in Metaverse: What Is MedV Token?

The MDDAO metaverse can take the self-serving games out of the current healthcare industry and genuinely improve patient care. In a 2021 report, the World Economic Forum declared, “the introduction of digital services will be one of the most important factors in the transformation of healthcare over the next decade.” The MedV token represents a groundbreaking advance in this technological revolution of healthcare. Enabling a decentralized alternative to the current medical industry, the asset connects patients and providers, provides incentives, and builds a community to improve fitness, health, and well-being.…

FTX Token caused downfall, but tech still revolutionary

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The CEO of the worlds largest asset management firm, BlackRock, believes that the reason why FTX failed is because it created its own FTX Token (FTT), which was centralized and therefore at odds with the “whole foundation of what crypto is.” Larry Fink, who serves as chairman and CEO of the $8 billion investment company — made the remarks during New York Times’ 2022 Dealbook Summit held on Nov. 30, and added that despite his belief that FTX’s own-created token caused its downfall, he believes that crypto and the blockchain…

FTM price rebounds 50% as Fantom reveals 30 years runway (without having to sell its token)

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Fantom (FTM) continued its upward momentum on Nov. 30 amid reports that the Fantom Foundation generates consistent profits and has 30 years of runway without having to sell any FTM tokens.  Fantom’s FTM holdings up from 3% to 14% FTM price gained nearly 13.5% to reach $0.24, its highest level in three weeks. The rally came as a part of a broader rebound trend that started when it bottomed out at around $0.17 on Nov. 22. This amounts to a 50% price rebound in the last eight days. Interestingly, the rally…

Huobi’s HT Token Climbs After Exchange Discloses Airdrop

Crypto prices rise: Bitcoin (BTC) was recently trading up 1.5% to $16,400, while ether (ETH) gained 4.3% to $1,220. Despite major assets rebounding from Monday’s fall, traders are trying to find out “which parts of the cryptoverse are about to break,” Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in a Tuesday note. Moya noted that it is not a “friendly environment to buy the crypto dip” because the risks to downside are elevated, “given pricing disparities for other crypto derivatives, fears of a potential run…

Line shuts down crypto exchange to focus on blockchain and LN token

The Japanese messaging giant Line has decided to shut down its cryptocurrency exchange business amid the ongoing crypto winter. Line-owned crypto exchange Bitfront officially announced on Nov. 27 a plan to completely close down the platform by March 2023. According to the statement, the closure was driven by the continued cryptocurrency bear market and other issues in the crypto industry. Despite the exchange’s closure, Line will still continue to run its other blockchain ventures, including the Line blockchain ecosystem and Link (LN) token, the announcement notes, stating: “Despite our efforts…

South Korean Crypto Exchange Upbit Accused of Instigating Token Removal – Featured Bitcoin News

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According to the CEO of Wemade, Henry Chang, the South Korean cryptocurrency exchange Upbit was the brains behind the Digital Asset Exchange Joint Consultative Body (DAXA)’s decision to delist WEMIX. The Wemade CEO accused Upbit of applying different standards and of failing to furnish his company with the token supply guidelines. Wemade Not Formally Notified About the Delisting Decision Just days after an association of South Korean crypto exchanges announced the delisting of the WEMIX token, Henry Chang, the CEO of Wemade — the token issuer — accused the Upbit…

Despite 2 Entities Holding 73% of the FTX Token Supply, FTT Price Still Holds Above $1 per Unit – Markets and Prices Bitcoin News

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While a large fraction of crypto assets dropped a great deal in value during the past few weeks and bitcoin is down 18.2% in 30 days, the exchange coin ftx token (FTT) still trades above a U.S. dollar per unit. Moreover, the unknown entity known as the ‘FTX Accounts Drainer,’ still holds the second largest FTT wallet with 45.85 million tokens worth $61.44 million. FTT Remains Above $1 per Unit During the Past 2 Weeks Since the FTX Collapse It’s been over two weeks since FTX filed for Chapter 11…

South Korean Crypto Exchanges Delist WEMIX — Token Price Plunges by Nearly 70% – Exchanges Bitcoin News

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The Digital Asset Exchange Joint Consultative Body (DAXA), the South Korean association of crypto exchanges, announced on Nov. 24 that the WEMIX token would be delisted. In justifying the decision to delist WEMIX, the association claimed the information provided by the token’s issuer Wemade is false and has confused investors. Discrepancy Between WEMIX Circulating Supply and Token Distribution Plan An association of South Korean cryptocurrency exchanges, the Digital Asset Exchange Joint Consultative Body (DAXA), announced on Nov. 24 that the gaming platform Wemade’s token — WEMIX — would be delisted.…