The Solana Foundation, a non-profit organization dedicated to decentralization, adoption, and security on the Solana network, has launched token extensions. Solana Token Extensions Gains Traction According to a January 24 announcement, token extensions provide developers, enterprises, financial institutions, and Solana-native development teams with a comprehensive suite of turnkey solutions for advanced token functionality. Anatoly Yakovenko, co-founder of Solana and CEO of Solana Labs, commented on the launch, stating: Token extensions build on the characteristics that make Solana the ideal destination for developers. Solana is the first network to offer this level…
Tag: Token
Solana Delivers ‘Token Extensions’ to Attract Compliance-Minded Token Developers
No matter the name, this service means to enhance compliance controls for businesses building tokens on Solana, according to the Solana Foundation. Token extensions will allow these businesses to hard-code various features into their tokens, like whitelisting, automatic transfer fees and confidentiality on transfers, that didn’t exist before. Source
Orbs Network Token ($ORBS) Gains Listing on India’s Most Compliant Exchange, CoinDCX
CoinDCX, one of India’s most valued and biggest crypto exchanges, announced the listing of Orbs Network’s native token, $ORBS, this Tuesday. The listing will allow the Indian exchange users to buy and sell the $ORBS token using the Indian Rupee (INR) and other available crypto pairs including Bitcoin and Tether, with more pairs to be added in the future. Orbs Network is a Layer 3 open, decentralized and public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus. The platform is mainly known for its…
An Excerpt From ‘The Everything Token’
Moreover, crypto transactions’ instantaneity and finality have meant that they lack many of the protections people are used to from most other online consumer services. Sending an NFT to someone else is like sending an email— as soon as the computer system has processed the transfer, it’s irreversible. This means if you type an address incorrectly, a digital asset could go to the wrong person, or even just be lost in the pipes of the network. Conversely, hacking or account compromise can lead to irreversible loss. (In late 2021, Bored…
Crypto Exchange OKX’s Token OKB Suffers 50% Flash Crash Amid Liquidation Cascade
Flash crashes are common in crypto markets as thin liquidity is often distributed across multiple venues. Two percent market depth, which measures the amount of capital required to move an asset by 2%, is between $224,000 and $184,000 for OKB, meaning that a sell order of more than $224,000 could cascade price again. Source
Manta Network Hit by DDoS Attack Day After Issuing MANTA Token Issuance
Manta is the latest in a rising cohort of new blockchains that offer faster transactions at lower costs than popular networks, such as Ethereum. These newer networks are usually backed by prominent funds and extensively market their blockchain in crypto circles on X and other social media platforms, hoping to capture market share and fees, which bolsters the value of their tokens. Source
Celestia’s Native Token TIA Crosses $20, Reaches New All-Time High
Besides being in the top 40 tokens in terms of market cap, TIA is also listed on CoinGecko’s trending tokens list. 2024 has started off on a positive note for the crypto market. Besides the Bitcoin ETF and the air of excitement that it has created, several altcoins are seeing positive price movement. Along with more optimism from investors, many of these projects offer new and exciting uses for crypto and blockchain. One example of this is TIA, the native token of Celestia. TIA has just crossed the $20 mark, which…
What Is the ERC-7265 Token Standard?
Decentralized finance (DeFi) has grown significantly and has become an integral part of the global crypto markets. However, its continued growth heavily depends on how secure the technology is against attacks. According to data from DefiLlama, over $5 billion in the total value of assets has been lost in DeFi protocols to date. To remedy this situation, the Ethereum community has come up with a new token standard called ERC-7265. Source
Blockchain Brawlers reports 309% gains as a top trending token
Ethereum ecosystem cryptocurrencies continue to lead, with Blockchain Brawlers outperforming their 12.7% increase, according to CoinGecko data. Blockchain Brawlers (BRWL), a web3 fighting game, tops the Jan. 10 trending report, exceeding its record all-time low of $0.001593 seven months earlier by 939%. The current market capitalization of BRWL stands at $21 million, securing position 1,003 on CoinGecko at the time of writing. Blockchain Brawlers price chart | Source: CoinGecko Delving further into its price performance, Blockchain Brawlers has exhibited a substantial increase of 427% over the past week. This growth…
Shiba Inu Breakout To $0.001? Rumored 9.25 Trillion SHIB Token Burn Could Be The Catalyst
The Shiba Inu (SHIB) price could be primed for a significant surge if a recent rumor is anything to go by. This will provide a much-needed relief for the meme coin, which has been on a nose dive as of late. A Record-Shattering Shiba Inu Burn On The Way? In a now-already deleted X (formerly Twitter) post, Shiba Inu’s team member Ragnar mentioned that the 9.25 trillion SHIB tokens could end up being burned this month. Although it is unclear why Ragnar deleted the post, it could well have been…