Tag: Token

Ripple token XRP set for a significant price surge, analyst predicts

After a brief rally fueled by a favorable court ruling, XRP’s price roller coaster continues, with CryptoSea founder Daan de Rover predicting a “gigantic move.” De Rover, who goes by CryptoRover on YouTube, indicated on X — formerly Twitter — that he expects a significant spike in price for XRP. XRP price analysis XRP, the digital asset of Ripple Labs, saw its price skyrocket on July 13 by over 80% after a significant courtroom victory over the U.S. Securities and Exchange Commission (SEC). The court ruled that XRP sales on…

AI token trading volume stagnant despite Worldcoin buzz – Kaiko data

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While the debut of Worldcoin drew attention to artificial intelligence-powered tokens(AI-tokens), recent trading data from Kaiko indicates that these AI tokens have shown resilience despite the controversy surrounding Worldcoin’s launch. According to recent Kaiko data, the trading volume of AI-related tokens remained stagnant during the past month. The examination revealed a moderate increase in the trading volume of AI tokens last month, reaching approximately $870 million, up from $570 million at the close of July. Nevertheless, when compared to the volume at the beginning of the year, there was a…

JPMorgan unveils blockchain-based token for faster payments

JPMorgan Chase & Co. is delving into the realm of blockchain-based digital deposit tokens, aiming to enhance cross-border payments and settlements. However, regulatory approval remains a crucial hurdle for this innovative payment method. According to a Bloomberg report, the New York-based investment bank and financial advisor is deepening its roots in the blockchain ecosystem and rolling out a new blockchain-based deposit token to enhance payments on its platform.  In simple terms, deposit tokens are digital representations of deposits held by customers in commercial banks. These tokens are designed to streamline…

JPMorgan Builds Blockchain Infrastructure for Deposit Token that Speeds Up Cross-Border Payments and Settlements

In addition to the JPM Coin, JPMorgan is now developing another blockchain asset that will function as a deposit token for cross-border transactions. Multinational bank and financial services giant JPMorgan (NYSE: JPM) is developing a blockchain deposit token to smoothen cross-border payments and settlements. According to a person familiar with the project, JPMorgan will use a digital deposit asset to quicken these payments. A Bloomberg report notes that JPMorgan has already developed the framework that will power the payment. However, the banking giant has decided to suspend creating the token until regulators approve the…

Solana Token Rises Following Visa USDC Settlement Announcement

Visa will now use payment processors to facilitate cross border transactions via the USDC stablecoin on Solana Pay. Solana’s SOL token rose on Tuesday following news that Visa will begin expanding its stablecoin services, via USDC, to the Solana blockchain, in collaboration with payment solutions providers Worldpay and Nuvei. The SOL token jumped 6% at one point but later fell to 4.39%, trading at $20.25, according to data from Coin Metrics. As of writing time, CoinMarketCap data shows SOL at $19.81. In an official statement, Visa said its intention is to make…

Solana, Aptos, APE & More Token Unlocks Coming This September

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September is gearing up to be a pivotal month in the crypto space, with a series of substantial token unlocks for Solana, ApeCoin, Worldcoin, Optimism, dYdX and Aptos on the horizon. Popular crypto voices, @TheDeFinvestor and @wacy_time1, have taken to Twitter to provide insights, speculations, and analyses on these impending events. Here’s a consolidated look at their perspectives. ApeCoin (APE) Set to witness one of the most significant unlocks this month, APE will release $54.8 million, which represents 11% of its circulating supply, on Sept. 17. Both influencers highlighted the…

Sybil Attack Targets Airdrop of Connext’s NEXT Token for $38K

The wallet in question, created just four hours before the airdrop for NEXT went live, was able to filter more than 200 claims to itself through multiple wallets. The airdrop was restricted to one claim per wallet. This strategy, known as a sybil attack, involves creating numerous wallets that are eligible to claim the airdrop before instantly selling the tokens for profit. Source

FTX Moves $11M Worth of Crypto, Stirs Rumors of Potential Token Dump

The token movements have sparked rumours that the exchange might be gearing up for potential sell-offs. All eyes are on the bankrupt cryptocurrency exchange FTX after a wallet owned by it was found to have moved a significant amount of crypto assets. According to blockchain analytics platform Arkham Intelligence, the FTX wallet has moved more than $10 million worth of digital assets from the Solana network to Ethereum within the last couple of days. In detail, Arkham’s data suggest that the transfers began on August 31. And, so far, the…

FTX wallet shifts $10M in crypto, sparking fear of token dumps to come

A wallet owned by bankrupt crypto exchange FTX has moved $10 million worth of digital assets from the Solana (SOL) network to Ethereum, sparking concerns it could be the beginning of a series of token dumps amid the exchange’s bankruptcy proceedings.  According to data from blockchain analytics platform Arkham Intelligence, since Aug. 31, the FTX wallet has transferred $6.23 million worth of Ether (ETH) and more than $4 million in altcoins. These included $1.2 million of FTX Token (FTT), $1.8 million worth of Uniswap (UNI), $1.3 million of HXRO (HXRO),…

MakerDAO’s MKR Token Jumps 10%, Defying Crypto Market Slump

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