Tag: Token

Bitget, Floki teams accuse each other of manipulation after token listing

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The teams behind the Floki protocol and Bitget crypto exchange have accused each other of market manipulation after the protocol’s token, TokenFi (TOKEN), was listed and delisted by Bitget. This is according to an October 31 social media post from the Floki team and a blog post from Bitget.  The Floki team claimed that Bitget listed the token before it was launched, referring to the Bitget listing as a “fake token,” while Bitget claimed that the Floki team was “suspected of market manipulation by maliciously controlling the initial liquidity.” Bitget…

Celestia Blockchain Goes Live as 580,000 Users Receive TIA Token Airdrop

“Celestia’s mainnet beta launch marks the arrival of the first live modular data availability network with data availability sampling (DAS),” said Ekram Ahmed, a spokesperson at the Celestia Foundation. “The industry has now entered a new, modular era with new values, defined by verifiability, abundant block space and collaborative blockchains. Celestia mainnet is a giant leap in our mission to make deploying chains as easy as smart contracts.” Source link

What You Should Know about Celestia Mainnet Launch and TIA Token Listings on Major Exchanges

In readiness for the event, there has been a major increase in the price of TIA, as it was already trading on a decentralized derivatives exchange, Helix, at around $3.15. Celestia, a modular blockchain network focused on data availability, is preparing to launch its mainnet today, October 31, at 14:00 UTC. This long-anticipated event will also see the project’s native token, TIA, listed on major exchanges soon after. Trading Activity Picks Up Ahead of Today’s Celestia Mainnet Launch In readiness for the event, there has been a major increase in…

dYdX Chain Goes Live, Launches Bridge User Interface for Token Conversion

It appears that the dYdX Chain is ready to take up an active role in the decentralized finance (DeFi) sector. The dYdX Foundation may have just made a series of new announcements signaling the arrival of a new phase in the ecosystem. This follows after it announced the launch of its mainnet on October 30, with claims that Genesis Validators had created the first block of the chain, four days before. Having earlier released the Chain’s open-source software on October 24, dYdX also announced the deployment of a new Bridge…

Unibot contract $560K exploit crashes token price by more than 40%

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A new contract deployed on Oct. 29 by Unibot, a popular Telegram bot used to snipe trades on the decentralized exchange Uniswap, was reportedly exploited for roughly $560,000 in various memecoins from users. On Oct. 31, blockchain security firm Scopescan alerted Unibot users about an ongoing hack on Unibot that went undetected. An exploit on a newly deployed contract by Unibot drained the crypto holdings of several users. .@TeamUnibot seems exploited, the exploiter transfers memecooins from #unibot users and is exchanging them for the $ETH right now. The current exploit…

dYdX chain goes live, unveils Bridge UI for token conversion

The dYdX Foundation announces the launch of its mainnet and a new Bridge User Interface. The dYdX Foundation announced a series of pivotal updates that signal a new phase for the dYdX ecosystem. Most notably, the mainnet genesis of the dYdX Chain is now live, with Genesis Validators having participated in the creation of its first block. This news comes on the heels of the release of dYdX Chain’s open-source software on Oct. 24, and a newly deployed Bridge User Interface. The next generation of the dYdX protocol and the…

dYdX Initiates Token Migration Following Layer-1 Blockchain Inception

Antonio Juliano, the founder of dYdX, announced on Twitter on 28 October 2023, regarding impending substantial transfers of $DYDX tokens in the following days. This alert is in alignment with dYdX Trading Inc. and other locked token holders’ plans to migrate tokens to the dYdX Chain, which will be recorded as transfers on both Ethereum and the dYdX Chain. It’s pertinent to note that these tokens will remain locked and are not slated for sale. Following Juliano’s announcement, the dYdX Foundation provided further details, anticipating large internal movements of the…

9 protocols criticize LayerZero’s ‘wstETH’ token, claiming it’s ‘proprietary’

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A new bridged token from cross-chain protocol LayerZero is drawing criticism from nine protocols throughout the Ethereum ecosystem. A joint statement from Connext, Chainsafe, Sygma, LiFi, Socket, Hashi, Across, Celer, and Router on October 27 called the token’s standard “a vendor-locked proprietary standard,” claiming that it limits the freedom of token issuers. Today, we’re announcing a unified call for Open Bridge Standardsalongside @AcrossProtocol @CelerNetwork @ChainSafeth @buildwithsygma @lifiprotocol @SocketDotTech @routerprotocol and @hashialliance pic.twitter.com/D4CLw2lBD1 — Connext (@ConnextNetwork) October 27, 2023 The protocols claimed in their joint statement that LayerZero’s new token is…

Audits and rug-pulled projects, a $650B token burn, and major DeFi protocol quits UK: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi was filled with bullish resurgences for many projects, but it was the Uniswap founder’s $650 billion HayCoin (HAY) burn — 99% of the token supply — that grabbed headlines. In other news, a new report highlighted that 85% of the rug-pulled DeFi projects in Q3 didn’t report an audit, and the largest DeFi protocol on Solana has…