Tag: Token

Plus Token Ponzi-linked wallet moves $2B ETH after 3.3 years of dormancy

coiner

Update (Aug. 8 at 1:48 am UTC): Lookonchain deleted the X post that is the subject of this article after analysts argued the X post was inaccurate as most of the funds had been sold in 2021. A new article covering that latest development can be found here. Hundreds of cryptocurrency wallets that have remained inactive for over three years have suddenly started shifting large amounts of Ether (ETH).According to onchain analyst Lookonchain, up to 789,533 ETH was linked to the Plus Token Ponzi scheme and has not been moved since April…

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Frax Finance Eyes Blackrock’s BUIDL Token as Next-Gen Reserve Asset

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Frax Finance, the issuer of the stablecoin frax usd (FRAX), which currently holds the ninth spot among fiat-pegged tokens by market capitalization, is weighing the addition of Blackrock’s BUIDL token as a reserve backing asset. A governance vote, scheduled to wrap up on Dec. 31, 2024, will decide the proposal’s fate. FIP-418: Frax Finance Weighs […] Source link

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Voyager’s token transfer to Coinbase sparks sell-off suspicions

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Bankrupt cryptocurrency lender Voyager Digital transferred 1,500 Ether (ETH), worth around $2.77 million and an additional 250 billion Shiba Inu (SHIB), worth roughly $2.7 million, to crypto exchange Coinbase on Aug.11, according to Etherscan. The motive behind the transactions has triggered speculation within the broader crypto community. One theory suggests a probable sell-off, given that the transfers have diminished the distressed crypto lender’s wallet holdings to $81.63 million of digital assets. The transactions occurred at one-hour intervals, according to Etherscan. The abrupt movement of the tokens has triggered discussions regarding…

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Connext, Alchemix launch cross-chain token standard to reduce bridge exploit losses

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The Connext cross-chain bridging protocol has announced a new token standard to reduce losses from bridge hacks. According to a July 24 announcement, the new “xERC-20” standard allows token issuers to maintain a list of official bridges and control how many tokens can be minted by each. In addition to Connext, decentralized finance (DeFi) platform Alchemix Finance will implement xERC-20 tokens, the announcement stated. Connext Alchemix Today, Connext is announcing support of the xERC20 standard and onboarding projects into safely bringing their tokens to every chain. As our flagship user,…

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More than just a ‘token’ bridge – Cointelegraph Magazine

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This “Crypto City” guide looks at Sydney’s crypto culture, the city’s most notable projects and people, its financial infrastructure, what retailers accept crypto and where you can find blockchain education courses — along with a history of its crypto controversies. Jump to: Crypto culture, Projects and companies, Financial infrastructure, Where can I spend crypto? Controversies and collapses, Education, Notable figures. Fast facts City: SydneyCountry: AustraliaPopulation: 5.2 millionEstablished: 1788 Sydney is Australia’s first, oldest and second-most populous city (just), world-famous for its harbor views and iconic landmarks, such as the Opera…

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Pro-XRP attorney’s phone hacked to promote LAW token

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Pro-XRP lawyer, John Deaton, suffered a phone hack on June 4 amid a relentless cyberattack over several days. CryptoLaw, an account created by the attorney representing over 76,000 XRP (XRP) tokenholders in the Ripple vs. United States Securities and Exchange Commission (SEC) lawsuit, responded to the hacker’s tweet from the attorney’s account. CryptoLaw clarified that the tweets were not from Deaton but from hackers, and immediate steps are being taken to remedy the situation. The hack occurred as Deaton celebrated his birthday, with wishes coming from all corners of the crypto…

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