In his new role he will be responsible for supporting “the [Yuga Labs] team broadly across Web3, metaverse, NFT and product initiatives,” according to a statement. He will be involved with initiatives for the company’s five mainstay non-fungible token (NFT) collections: Bored Apes, CryptoPunks, Meebits, Voyagers and Mutants. Source DeveloperExecutiveExpertHiresLabsNFTSeniorsocialTokenYuga CryptoX Portal
“In the last 24 hours, we’ve had a little bit of a pullback,” Joe Orsini, director of research at Eaglebrook Advisors, told CoinDesk TV’s “First Mover” program. “When you consider the move that’s been made with bitcoin up around 30% from June 18 lows, ether up about 115%, profit taking without FOMO, and some traders kind of taking some off the table makes sense. It doesn’t change the long-term story [of] $25,000; regaining that level should provide some psychological positivity around the market.” Source
The native token of Optimism quickly recovered after Optimism dispelled the rumors. Source
And, indeed, there have already been allegations of insider trading at Coinbase. In July, the U.S. Department of Justice charged a former Coinbase product manager, his brother and their friend with wire fraud and insider trading. The trio were accused in that case, which revolved around tokens including TRIBE and ALCX, of making $1.5 million illicitly. Source
Researchers at the University of Technology Sydney estimate that insider trading occurred on 10% to 25% of new crypto listings at Coinbase between September 2018 and May 2022, generating at least $1.5 million in profits for whomever was behind the transactions. Source
Eos rose by as much as 20% on Wednesday, as bulls continued to react to the news of its upcoming Yield+ incentive program. Today’s price surge comes despite the global cryptocurrency market cap falling by almost 2% as of writing. Tezos was also higher, hitting a two-month high on hump day. EOS was one of Wednesday’s biggest movers, as prices of the token climbed by as much as 20%. Today’s gains come three days after EOS began to accept registrations for its upcoming Yield+ incentive program. The program, which is…
The new role is responsible for supporting “the [Yuga Labs] team broadly across Web3, metaverse, NFT and product initiatives,” according to a statement. He will be involved with initiatives for the company’s five mainstay non-fungible token (NFT) collections: Bored Apes, CryptoPunks, Meebits, Voyagers and Mutants. Source
Manchester United Fan Token (MUFC) is a dead coin and not related to the sports franchise, but one Elon Musk tweet was enough to revive it on Aug. 17. Also, I’m buying Manchester United ur welcome — Elon Musk (@elonmusk) August 17, 2022 Fake Man U token pumps after Elon Musk’s tweet To clarify, MUFC is not an official Manchester United crypto token. It came to life in August 2021 after a team of programmers, who are said to be hardcore Manchester United fans, falsely claimed that holding MUFC would…
United States-based cryptocurrency exchange Coinbase has announced it will be temporarily suspending certain token deposits and withdrawals when Ethereum’s core developers transition the blockchain to proof-of-stake, or PoS. In a Tuesday blog post, Coinbase product manager Armin Rezaiean-Asel said that during the Merge event, the crypto exchange will “briefly pause” deposits and withdrawals of Ether (ETH) and ERC-20 tokens “as a precautionary measure” to handle the migration. The exchange also warned users against scammers offering ETH2 tokens, saying crypto users did not need to take additional action to receive staked ETH…
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