Tag: Token

Polygon Initiates POL Token Upgrade on Ethereum Mainnet

Following the announcement of the transition, MATIC experienced a 4% drop in its price, resulting in a reduced market capitalization of $5.8 billion.  Polygon, a renowned blockchain scaling platform, reaches a pivotal moment in its evolution with the initiation of the POL token upgrade on the Ethereum mainnet. Months of meticulous development, community involvement, and a successful testnet launch have led to this remarkable milestone, solidifying Polygon’s commitment to building the Value Layer of the Internet. The Polygon (POL) Upgrade This new token, which has recently gone live on the…

Scammers exploit Bitcoin ETF hype with fake IBTC token

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Crypto investors have fallen victim to a scam token, which shares the same ticker as BlackRock’s legit ETF. BNB Chain-based iShares Bitcoin (IBTC) token has scammed investors for nearly $90,000 worth of crypto as the crypto community is abuzz with spot bitcoin exchange-traded fund (ETF) excitement. According to an X post from a blockchain analytics firm PeckShield, a bad actor has swapped one quadrillion IBTC tokens for 394.8 Binance Coin (BNB) worth of $89,000 through PancakeSwap, with IBTC’s price immediately dropping by 100% from $0.0025. Once the scammer swapped IBTC…

Polygon Plans to Replace MATIC by Unveiling POL Token Contract on Ethereum

Polygon Labs called the launch of the Polygon token a major milestone on the Polygon 2.0 journey toward building the Value Layer of the Internet. In an announcement on Wednesday, October 25, Polygon Labs announced the launch of its new Polygon Token, POL, on the Ethereum blockchain network. The POL token’s purpose is to succeed the MATIC token as the next-generation, highly efficient ecosystem for Polygon. This ecosystem encompasses the primary Polygon blockchain, the Polygon zkEVM network, and several supernets. In its press release, Polygon Labs said that this is…

JPMorgan Handles $1B Daily Transactions In Digital Token JPM Coin: Bloomberg

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Uniswap Foundation’s Unexpected $43 Million Token Sale: What’s Going On?

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The spotlight has recently turned towards the Uniswap Foundation following notable shifts in its holding patterns. Uniswap Foundation, which backs the development and expansion of the Uniswap (UNI) protocol, made headlines for its sale of the platform’s native tokens.  Uniswap’s UNI token has maintained its position as a prominent digital asset in decentralized finance (DeFi). Yet, the recently reported sale by the foundation responsible for its proliferation raises questions regarding its long-term strategy and the implications for the wider UNI ecosystem. $43 Million Uniswap Token Sale Capture Attention Recent data…

Scammer steals $743k in fake Linea token rug pull

A new rug pull scam sees users lose several thousands of dollars to a fake Linea token project.  Blockchain security analyst Certik identified a latest rug pull scam, as a fake Linea token project that scammed users out of nearly $743,000. Victims have stated that the scam was potentially conducted by a Russian user named ‘AltLex,’ who was promoting the token on social media.  #CertiKSkynetAlert 🚨 We have seen an exit scam on a fake Linea token Eth: 0x00000000fEB6A772307C6aA88AB9D57b209aCb18 ~$743k has been deposited into Tornado Cash Victims report that the…

Bitget Announces To Be One of the First Exchanges To List Tottenham Hotspur Fan Token (SPURS)

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October 25, 2023 – Victoria, Seychelles Bitget – a leading cryptocurrency exchange and copy trading platform – is thrilled to announce the platform is one of the first centralized exchanges to list the Tottenham Hotspur Fan Token (SPURS) in the Innovation Zone and Fan Token Zone. The SPURS token is the official fan token of Tottenham Hotspur football club – England-based Premier League football club. Developed in collaboration with Chiliz, the token has received official authorization and offers fans a unique opportunity to engage with their favorite football club in…

Polygon launches POL token contract on Ethereum to eventually replace MATIC

Polygon Labs has launched the Ethereum contract for the new Polygon token, POL, according to an October 25 announcement. The new token is intended to replace the ecosystem’s current token, MATIC. However, the team said users presently don’t need to exchange their MATIC for POL. The POL token upgrade is now live on Ethereum mainnet. Polygon 2.0, released this summer, is a roadmap for scaling Ethereum to build the Value Layer of the Internet. POL unlocks that future. POL is a next-generation token that can power a vast ecosystem of…

Rug pull feared as Safereum devs reportedly unlock and dump native token

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The crypto community has been left fearing the worst after seeing huge sums of liquidity drained from the cryptocurrency project Safereum just hours after its team had finalized a massive $600,000 fundraising. According to blockchain security firm CertiK and other analysts, the developers of Safereum — using the token deployment address “safereum.eth” — unlocked the supply of the token and dumped more than 600 Ether (ETH) worth of its holdings, causing the price of the Safereum (SAFEREUM) token to plunge more than 94%. #CertiKSkynetAlert We can confirm that @Safereumio has…