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Binance CEO Changpeng Zhao said staff were working on quarantining funds allegedly from Cryptopia hackers, after being alerted by social media users. Major Cryptocurrency exchange Binance has frozen tokens sent to its wallet by the entity who allegedly hacked New Zealand exchange Cryptopia, CEO Changpeng Zhao reported in a tweet Jan. 16. Cryptopia, which is currently shut down as police investigate the hack, lost at least $3.6 million in cryptocurrency, sources reported. While the total amount seized remains unconfirmed, social media users alerted Binance to suspicious transactions from addresses known to be related to the Cryptopia theft. Zhao subsequently said staff had been quarantining the tokens, which appeared to arrive in several batches: 31,320 Metal (MTL) worth $7,830 to press time, and 49,766 KyberNetwork (KNC) tokens, with a value of $6,867 to press time. “...[W]e were able to freeze some of the funds,” he wrote on Twitter, adding: “I don't understand why the hackers k..
A new report by BitMEX shows that ICO teams have lost 54 percent of value of the initial $24 billion worth of tokens allocated to themselves. The value of tokens that over a hundred of initial coin offering (ICO) teams have allocated to themselves has decreased by 54 percent from the initial figure of $24 billion. This was revealed in the latest research by cryptocurrency exchange BitMEX published Jan. 16. BitMEX has conducted a research of the ICO market in collaboration with analytics firm TokenAnalyst, looking into treasury balances of more than a hundred projects on the Ethereum (ETH) network. The analysis reportedly made use of machine learning techniques and was based on the interpretation of smart contract data and transaction patterns on the Ethereum blockchain. According to the report, the combined value of all the tokens that the analyzed projects have allocated to their own teams, has gone down from $24.2 billion at the time of each individual token’s issuance to about $5 b..
ABCC crypto exchange partners with Tron to become the first trading platform to list TRC10 tokens. ABCC cryptocurrency exchange has partnered with the ninth largest cryptocurrency Tron (TRX), according to a tweet posted Jan. 15. Tron's founder and CEO Justin Sun subsequently confirmed the news on Twitter. As per the announcement, the partnership has made ABCC the first crypto exchange to list tokens based on Tron’s TRC10 technical standard. The announcement was made a few days after the exchange first revealed that its was in the process of adding support for tokens based on both the TRC10 and TRC20 standards. According to Tron’s guide for developers, TRC10 is a technical standard for tokens that are supported by the crytpocurrency’s native blockchain without the deployment of the Tron Virtual Machine (TVM). On the other hand, TRC20 is a technical standard used for smart contracts that implement tokens with the TVM. It is also fully compatible with Ethereum’s (ETH) ERC-20 stand..
Malaysian cryptocurrency regulation comes into effect on Tuesday, classifying crypto-assets as securities. Malaysian cryptocurrency regulation comes into effect on Tuesday, Reuters reports on Monday, Jan. 14. The Malaysian finance minister, Lim Guan Eng, reportedly said today that the Capital Markets and Services Order 2019 would become effective on Jan. 15. According to Reuters, the new regulation classifies digital currencies, tokens and crypto-assets as securities, placing them under the Securities Commission’s authority. Starting from Tuesday, any person operating unauthorized initial coin offerings (ICOs) or digital asset exchanges in Malaysia will be reportedly facing a 10-year jail sentence and a 10 million Malaysian ringgit fine (around $2.4 million). According to Malaysian news outlet The Star, Eng noted the positive outlook of the Ministry of Finance on the cryptocurrency industry, stating: “The Ministry of Finance views digital assets, as well as its underlying blockchain t..
sponsored A blockchain ecosystem has the ambition of bringing together the world’s best DApps in one place – reducing the number of logins and tokens crypto users need. Free products and services on the internet are a hit with the public, but a new blockchain-based ecosystem believes that most consumers are unaware of the risks of using such companies for distributing their content. The team behind Phantasma Chain says they were motivated to act after watching the world freely share their data and content on third-party platforms, even though they run the risk of losing full control over this valuable information. Following the mantra of “there’s no such thing as a free lunch,” the company argues that the public has been misled – with many now mistakenly regarding themselves as customers when the data they provide is in fact being sold as a product. Phantasma says its ambition is to return power to content creators – enabling them to share their material to “whoever, whenever and how..
Advertisement This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. As of 15: 36 p.m. EST on December 17, 2018, BitMax.io (BTMX.com) announced that Content Value Network (CVNT) will make crypto world premier and be exclusively listed on its digital asset trading platform. The partnership between BitMax.io and CVN is an important development for the blockchain and crypto communities. Given the wide user base enjoyed by CVN products such as YYeTs, CVNT, the native token of the CVN platform, has generated strong value support and solid application scenarios. CVNT’s primary listing with BitMax.io further highlights BitMax.io’s remarkable performance of its trading platform as ..
Atletico Mineiro, a Brazilian premier league soccer club, is launching its own fan token “GaloCoin” based on Ethereum blockchain. Brazilian premier league soccer club Atletico Mineiro has launched a fan token dubbed “GaloCoin,” Cointelegraph Brazil reports Friday, Dec. 14. The GaloCoin is named after Atletico’s mascot, a rooster (“galo” in Portuguese). It is based on Footcoin — a platform that allows to launch utility tokens on the Ethereum blockchain. The GaloCoin is tied to the national fiat currency exchange rate and is equal to one Brazilian real. Atletico’s token will allow fans to purchase game tickets, official apparel, as well as participate in discount programs. To use the club’s cryptocurrency token, one has to buy at least 50 GaloCoins (equivalent to approximately $13). Utility tokens are steadily increasing in popularity among soccer teams. In September, one of the best-performing French clubs Paris Saint-Germain (PSG) partnered with the blockchain platform Socios.com to l..
Advertisement This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. MobileGo team claim their products are being developed to meet the needs of both gaming community and blockchain enthusiasts. Starting today beta-testing of MobileGo brand-new product is available for everyone. What is it and why is it worth attention? What is GShare? GShare is a special tool for earning GShare Gold. To make a long story short, it converts your computer power into GShare Gold coins. From some point of view, it is ‘mining’, with the only difference – GShare Gold is not cryptocurrency. GShare Gold is a soft currency to bring new possibilities to gamers, expand existing and also open doors..
Crypto hardware wallet Ledger to allow users to manage security tokens through Ledger’s desktop app. Cryptocurrency hardware wallet firm Ledger has partnered with German crypto startup Neufund to let users manage security tokens via Ledger’s desktop app, according to a press release Dec. 6. Ledger’s collaboration with blockchain-based equity and crypto fundraising platform Neufund aims to develop a framework for security tokens. Ledger Live — a recently launched desktop application for crypto asset management — is reportedly adding an ERC-20 integration “soon.” The app will let users manage security tokens issued via Neufund’s set of protocols. Previously, Neufund teamed up with cryptocurrency exchange BitBay to let investors buy and sell equity tokens with fiat currencies. At that time, Neufund was reportedly aiming to become the first end-to-end primary issuance platform for security tokens, specializing in equity tokens. Meanwhile, Ledger announced in late November that it is expan..
New research reveals several well-known ICO projects still have no clear launch date for their native token. At least twelve Initial Coin Offering (ICO) projects that raised over $50 million in their token sales have yet to launch, new data by cryptocurrency trading platform BitMEX revealed Nov. 21. In a mailing list circular, CEO Arthur Hayes identified well-known projects such as Telegram, Filecoin and Overstock’s tZero among the twelve big ticket ICOs still yet to determine when exactly their native token will go live. “These deals have massive valuations, and many of the most venerated token funds took down large chunks. It is unclear when, if ever, these deals will ever list on the secondary market,” he commented, continuing: “Given the large amount of token supply out there, who will buy this sh*t?” “2019 is going to be the year of reckoning for many funds,” Hayes meanwhile concluded: “If these things come to market, there will be no accounting tricks to hide the gargantuan loss..