Tag: Token

Kim Kardashian, Floyd Mayweather Sued for Inappropriately Promoting Cryptocurrency Token – Featured Bitcoin News

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Reality TV star Kim Kardashian and boxing legend Floyd Mayweather Jr. are facing a class-action lawsuit over their promotion of Ethereummax and the EMAX cryptocurrency token. The celebrities’ “improper promotional activities generated the trading volume needed for all the defendants to offload their EMAX tokens onto unsuspecting investors,” the lawsuit alleges. Kim Kardashian and Floyd Mayweather Jr. Sued Over Crypto Promotion Kim Kardashian and Floyd Mayweather Jr. have been sued over their promotion of a cryptocurrency token. The class action lawsuit, filed by New York resident Ryan Huegerich on Jan.…

What Is a Governance Token?

Governance tokens, therefore, get some of their value from the fact they confer certain powers to their holders. That may contribute to their sizable valuations: Luna ended 2021 trading at more than $80. In this way, they differ from conventional cryptocurrencies like bitcoin, which functions more like traditional money as a store of value and medium of exchange. Source

Central bank of Bahrain trials JPMorgan blockchain and token

Bahrain is the latest nation to explore blockchain technology by American investment bank JPMorgan, with the country’s central bank trialing JPMorgan’s proprietary digital currency. The Central Bank of Bahrain (CBB) has successfully completed a digital payment test in collaboration with JPMorgan’s blockchain and cryptocurrency unit Onyx, according to an official announcement published on Jan. 6. The trial involved two other major institutions, Manama-based international bank, Bank ABC, and Bahrain’s national aluminum smelter Aluminium Bahrain, also known as Alba. The test enabled Bank ABC to settle real-time payments to Alba’s counterparts…

Rainmaker Games Announces Its Native Token $RAIN Is Staking on Rainmaker Platform

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$RAIN is the token behind Rainmaker Games, a platform dedicated to helping users all around the world engage in play-to-earn games in the most seamless way possible. 25 million rain tokens are currently sitting in the reserve. Those tokens are the ones that went unsold during the project’s fair token launch that took place via Copper Launch last month. That reserve is how users are going to get paid for staking their tokens and supporting the project. But just because it’s starting out with 25 million tokens, doesn’t mean it’s…

Spanish LGBT token responds to critics, says it expects listings soon

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Spanish LGBT-related token MariCoin (MCOIN) has responded to the community following skepticism around the project’s concept and goals. Some had even criticized the project for its name, which played on a homophobic slur in Spanish. But according to key people in the project, they have simply misunderstood.  MariCoin CEO Francisco Alvarez told Cointelegraph that the project’s name is about “turning an insult into a fortress,” referring to the peculiarities of tackling homophobic language as the very word “gay” is still being used as an insult in some communities. “In Spain,…

Why The $LOCG Token Could Be Promising

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LegendsOfCrypto (commonly known as LOCGame) is the first play-to-earn GameFi project of Rbl Labs, a company based in Amsterdam – it focuses on NFTs (Non-Fungible Tokens) and bringing their use case to the blockchain gaming space. LOCGame is a pay-for-play and strategy card game that features several metaverse and play-to-earn features on a 3×3 battle grid. The game’s metaverse is an acknowledgment of the history of the crypto space and the pop culture associated with them. It also features many instantly recognizable playable characters in the form of popular influencers…

New LGBT token aims for equity but raises red flags with community

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The cryptocurrency community has raised concerns about Maricoin, a new token supposedly related to the LGBT+ community, with some people even suspecting the project to be a scam. Launched in December 2021, Maricoin promises to enable a “social, ethical, transparent and transversal means of payment” targeting the global “pink economy,” which is estimated to amount to trillions of dollars. One might question Maricoin’s ethics though, as its name is a portmanteau that plays on a Spanish slur for homosexuals. According to the project’s website, Maricoin runs on the Algorand blockchain,…

Exchange Token Soars 28% After Crypto Giant Binance Announces Eight-Figure Investment

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One exchange altcoin is enjoying big intraday gains after a sizeable long-term investment from crypto behemoth Binance. Today, Binance Labs announced a $12,000,000 investment in the WOO Network (WOO). “Binance Labs invested $12 million in WOO Network as the two parties expand their long-standing relationship. The investment will support WOO Network’s rapid expansion through talent acquisition, research and development, and the development of new decentralized products.” Binance Lab’s eight-figure investment in the liquidity provider follows WOO’s $30,000,000 fundraising round in November 2021. “WOO Network’s Series A+ fundraising round comes on the heels…

Toyota’s IT arm works on digital token pilot with crypto exchange

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Toyota Systems, the IT arm of Toyota Motor Corporation, is collaborating with Japanese cryptocurrency exchange DeCurret to develop a branded Toyota digital currency, according to an official announcement on Oct. 26. The large-scale pilot will involve 2,500 employees at Toyota Systems. The platform will feature digital currency payments for benefits. According to the announcement, participating employees will be able to exchange the digital currency for benefits points or gifts from a catalog. Toyota Systems noted that the digital currency cannot be exchanged for Japanese yen. The new pilot uses DeCurret’s…

OKEx goes all in on Uniswap’s new token amid soaring DeFi fees

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Crypto exchange OKEx added Uniswap’s new UNI token to the array of assets offered on its platform, in addition to trading products around the asset. detailed“Not only has OKEx added support for spot trading of UNI, but it is also providing its users with the most comprehensive range of trading products for this hot DeFi token, including margin, swap trading, coin-margined perpetual swap and Savings, making OKEx the first exchange to offer UNI derivatives,” OKEx detailed in a statement Thursday.  Uniswap, a decentralized exchange, launched its own Ethereum-based token, UNI, on Wednesday, dispersing the asset…