Tag: Token

TON blockchain crippled by Bitcoin Ordinals-style token transactions

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The “most scalable blockchain ever” experienced a spike in activity, causing its network to experience delayed settlements. Transaction per second (TPS) speed on The Open Network (TON) fell as the blockchain buckled under increased usage triggered by a surge of TON20 transactions starting on Dec. 5. TON20 is an inscription standard inspired by the Bitcoin Ordinals protocols and launched by the Tonano team. According to developers, TON could not handle the load due to suboptimal hardware employed by some main network validators. TPS on TON crashed from 100,000 to under…

This BRC-20 Token Just Breached $1 Billion Market Cap

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The BRC-20 token ORDI, which is based on Bitcoin, surged by 181% today amid a wider cryptocurrency upswing and a recent rise in activity surrounding the Ordinals protocol. According to the most recent data, the token’s trade volume has increased by more than 900% during the last 30 days. The ORDI coin has experienced a downward trend since its entry onto the market. It began trading at around $10 in June of this year and gradually dropped back to slightly less than $3 by mid-September. Strong Performance: The BRC-20 Token…

Crypto is for criminals? JPMorgan has been fined $39B and has its own token

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JPMorgan CEO Jamie Dimon is being hauled over the hot coals on crypto X (Twitter) after claiming Bitcoin (BTC) and cryptocurrency’s “only true use case” is to facilitate crime. “The only true use case for it is criminals, drug traffickers, money laundering, tax avoidance,” Dimon said in a hearing before the United States Banking Committee on Dec. 5. “If I were the government, I’d close it down.” But crypto pundits quickly pointed out the seeming hypocrisy in Dimon’s statements, highlighting that JPMorgan is the second largest penalized bank, having paid…

Bitcoin Ordinals ORDI token tops $1B market cap after 850% monthly gain

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The Bitcoin Ordinals-based ORDI token has become the first BRC-20 token to top a $1 billion market capitalization after staging triple-digit monthly and weekly percentage gains. ORDI notched a new all-time high of over $65 on Dec. 5, surging more than 850% from around $6.80 on Nov. 5, per CoinGecko data. ORDI is up 216% in the last seven days. The sudden ORDI price uptick saw it become the first BRC-20 token to reach a $1 billion market cap on Dec. 5, it currently commands a value of $1.3 billion. ORDI…

Crypto AI token OLAS up 65% over last seven days

OLAS recorded gains of over 65% within a week, likely spurred by general news surrounding artificial intelligence and hype for AI-themed cryptocurrencies. The price increase in Autonolas (OLAS) saw its price climb from around $2.72 to over $4.67, according to CoinMarketCap. OLAS also boasted an uptick in daily trading, attracting more than $11 million in on-chain activity on exchanges like Uniswap. The increase in activity marked a 150% jump in 24 hours. OLAS operates as a unified network of off-chain services providing automation, oracles, and co-owned AI. The protocol supports…

Societe Generale Issues First Digital Green Token on Ethereum Mainnet Network

Investors of the digital green bond now have the option of settling the transaction through on-chain EUR CoinVertible, a digital asset that was issued by SG-FORGE earlier this year. Leading multinational financial services provider based in Paris Societe Generale SA (EPA: GLE) has announced the launch of its first digital green bond that is issued on blockchain technology. According to the announcement, the security token has been directly registered by SG-FORGE on the Ethereum (ETH) network. To kickstart the private funding through the blockchain security bonds, Societe Generale announced that…

Bitcoin breaks above $40k, Bitcoin ETF Token raises nearly $2.5m

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Bitcoin is at the highest level since April 2022, trading at $41.28K and up 4.71% in 24 hours. Following this upswing, the broader crypto market is up 3.4% on the last day. Bitcoin breaks out above $40k The $40K milestone has long been a critical physiological area of interest for Bitcoin investors, with many worrying that it may prove to be strong resistance.  Consequently, many traders had remained partially or wholly sidelined or even been shorting Bitcoin as it approached the $40K mark. However, X commentator Mister Crypto noted that…