Tag: Token

IMX token jumped by 33% in a few hours, experts suspect market manipulation

The price of the Immutable X blockchain project token jumped by 33% in a few hours, crypto experts claim this is a result of market manipulation. On the morning of Sept. 21, the IMX token rate increased by 32.56%, according to TradingView. At the moment, the price of IMX reached $0.83, later it rolled back, and the asset is now trading at $0.64. The capitalization of the asset also increased. In a matter of hours, it jumped from $647.5 million to $887 million, according to CoinMarketCap. Daily trading volume increased from…

NFT Platform ImmutableX’s IMX Token Rallies

IMX, the native token of non-fungible tokens platform ImmutableX, surged on Thursday, led by South Korean traders. The cryptocurrency rose 35% to 74 cents during Asian trading hours, CoinDesk data show. Major cryptocurrencies like bitcoin (BTC), ether (ETH), XRP and BNB traded 0.5% to 1% lower. The IMX price rally is accompanied by an over 22% increase in the 24-hour global trading volume, which rose to $556 million. The IMX-Korean won (IMX/KRW) pair listed on South Korea’s Upbit exchange accounted for nearly 20% of the global activity, followed by Binance’s…

INX Digital to list Unicoin security token on its trading platform

INX Digital Company Inc. announces the upcoming listing of asset-backed Unicoin security token on INX.One, expanding its regulated assets portfolio.  A U.S.-regulated broker-dealer, INX Digital Company divulged its plans through an official press release. Unicoin is set to join INX’s regulated trading platform that specializes in crypto and tokenized assets. A strategic partnership The Deputy CEO and COO of INX, Itai Avneri, lauded Unicoin’s innovative approach to investment. Noting the diversity of its global investor base, Avneri emphasized that the new listing will enhance the trading liquidity of listed tokenized…

Hodlnaut Refuses OPNX’s $30 Million Offer After FLEX Token Declines By 90%

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According to the latest report, the interim judicial managers of beleaguered crypto lender Hodlnaut have rejected the latest acquisition bid proposed by OPNX. The OPNX exchange, affiliated with the founders of collapsed hedge fund Three Arrows Capital (3AC), offered to buy a significant 75% ownership stake in troubled Hodlnaut in August 2023. Holdnaut, a Singapore-based crypto lender, was another of the numerous victims of the financial crisis that rocked the crypto space in 2022. The crypto company had to halt withdrawals after losing around $190 million to the Terra ecosystem’s…

XEC Token Spikes 15% In The Last Week, Can It Sustain Rally?

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XEC has continued its uptrend today, September 19, following a sharp spike from $0.000022 to a high of $0.000028 on September 18. This price move represents a nearly 23% increase. Although there’s been a slight pullback, its price remains around $0.000027. In the early hours of today, XEC traded at $0.000027, with a 15% 24-hour price increase.  But as of the time of writing, XEC traded at $0.000026, with a 4% decline in the last 24 hours. Nonetheless, its trading volume remains up by 311% in the last 24 hours,…

What Happens To ARB Token Price After Unlocking?

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Arbitrum (ARB) is gearing up for a monumental token unlock scheduled for March 2024, poised to inject a staggering 1.11 billion ARB tokens, worth approximately $907 million at current market prices, into the cryptocurrency market. Token unlocks refer to the release of previously restricted or vested tokens into circulation. These events often have significant consequences on the price and sentiment surrounding a cryptocurrency.  They can introduce inflationary pressure into the market and act as bearish catalysts, causing traders to closely monitor their schedules. 🌟 Is anyone curious about the pre/post-unlock…

Citigroup Announces Piloting of Citi Token Services to Enhance Cross-Border Payments

Through the use of blockchain technology, Citigroup anticipates reducing cross-border timelines from days to instantaneous. Citigroup Inc (NYSE: C) announced the creation and piloting of Citi Token Services, a blockchain and smart contract-enabled technology meant to deliver digital asset solutions to institutional clients. Notably, Citi Treasury and Trade Solutions (TTS) closely worked together to enable tokenized deposits and smart contracts into the company’s global financial network. By upgrading the core cash management system, Citigroup officials are confident that institutional clients will be satisfied with the seamless money transfer. Following the…

Swisstronik raises $5m in seed round, launches private token sale

Swisstronik, a layer-1 network focused on user privacy and regulatory compliance, has announced the close of its $5 million seed funding round, and the launch of its private token sale. Swisstronik closes seed funding round After a successful seed round, Swisstronik intends to utilize the funds for team expansion, technology development, and the planned 2024 launch of its mainnet. Simultaneously, they have initiated a private token sale, providing individuals and businesses with an exclusive early investment opportunity to secure SWTR tokens required for accessing the Swisstronik Network ahead of the…