Tagged: tokens

Stablecoin Adoption Report: 8.7M Addresses Hold Stablecoins with 97.1% holding USDT, USDC, or DAI

Stablecoins are tokens whose values are pegged to other assets, like commodities or fiat currencies, to stabilize their prices. This, according to a report from CoinGecko. The research report from CoinGecko explains that “by maintaining a peg to a specific fiat currency, asset, or commodity,… Read More

Stablecoin Issuer Tether Announces Transition to Prioritize Community-Driven Blockchain Support

At Tether, they claim to be deeply committed to maintaining a robust and innovative blockchain ecosystem for USD₮ and all other tokens we issue. To uphold this commitment, Tether says it constantly assesses “current transport layers, striving to strike a balance between maintainability, usage, and… Read More

Visa Issues 10 Billionth Token, Generating $40B in Incremental Digital Commerce

Visa (NYSE: V) announced a significant milestone achieved by its tokenization technology, revealing that Visa tokens have generated more than $40 billion in incremental ecommerce revenue for businesses globally and saved $650 million2 in fraud in the last year. Visa also announced it has issued… Read More

European Banking Authority Releases Regulatory Technical Standards for Addressing Complaints Related to Asset Reference Tokens

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The European Banking Authority (EBA) published the final draft Regulatory Technical Standards (RTS) that set out the requirements, templates, and procedures for handling complaints received by issuers of asset reference tokens (ARTs). The draft RTS fulfilled a mandate conferred “on the EBA in the Markets… Read More

Crypto Exchange: OKX Supports Dora Factory Token Migration

Global crypto exchange and Web3 company OKX has announced its support for the upcoming migration of Dora Factory (DORA) tokens, scheduled to take place on September 6, 2023, at 11:00 (UTC). In line with Dora Factory’s official token migration plan, OKX will cancel all pending… Read More

Cloud-Native Payments Infrastructure Fintech Gr4vy Launches Cloud Vault to Securely Collect, Store Card Data

Gr4vy, the cloud-native payments infrastructure company, announced the launch of its centralized cloud vault to securely tokenize, store, pull, update and distribute card data, including network tokens, as well as alternative payment methods (APMs) tokens and PSP tokens. Backed by PCI DSS Level 1 certification,… Read More

Milestone: PayBito Surpasses $2 Billion in Daily Trading Volume; Seeks $5 Billion By the End of 2021

      U.S.-based cryptocurrency exchange PayBito announced on Thursday it has crossed $2 billion in its daily trading volume and is seeking to achieve $5 billion by the end of 2021. The latest milestone comes just a few months after PayBito announced it was experiencing record… Read More

Like ICOs, IEOs Were More About “Speculation and Trading” than Fundraising and Project Development: Blockchain Sector Report

New York-based SMC Capital, a VC firm focused on blockchain technology, and Estonia’s bigX, a Fintech firm that provides a crypto-fiat exchange, have co-published an extensive report on initial exchange offerings (IEOs). IEOs came after initial coin offerings (ICOs), which are a type of crowdfunding… Read More

Reddit Introduces Two Ethereum Tokens as Rewards for its Cryptocurrency and Fortnite Subreddits

Reddit, the popular social news aggregation and discussion website, is currently testing two Ethereum-powered tokens for platform users. The blockchain-based tokens may be earned as rewards for posting content to Reddit’s online forums. The two tokens, $BRICKS and $MOONS, will be awarded to user accounts… Read More

Singapore’s Inland Revenue Authority Says it Won’t Collect Taxes on Cryptocurrency Airdrops or Hard Forks

Singapore’s tax authority, the Inland Revenue Authority of Singapore (IRAS), confirmed that it will not be collecting taxes on airdropped cryptocurrency, provided that the recipients get them  for free. As noted in an income tax treatment guide, released on April 17, 2020, the IRAS clarified… Read More

Digital Money Transfer Service Metal Pay Announces Partnership With Tron to Allow TRX to be Fully Integration in Mobile App

Metal Pay, a U.S.-based digital money transfer service, announced on Wednesday it has formed a partnership with TRON to make TRX tokens available to users through Meta Pay’s mobile app. Metal Pay reported that through the partnership TRON users can earn up to 5% cashback… Read More

TradeStation Crypto Subsidiary Receives Additional State Approvals: Illinois, Rhode Island, Washington, & Wisconsin Residents May Now Apply for TradeStation Crypto Accounts

TradeStation, an online broker-dealer and futures commission merchant, recently announced its subsidiary, TradeStation Crypto, has received additional state approvals. The platform reported that residents of Illinois, Rhode Island, Washington, and Wisconsin are now able to apply for a TradeStation Crypto account to trade cryptocurrencies. TradeStation revealed instead of being a… Read More

Overfunding: Crypto Traveling Booking Platform Travata Quickly Surpasses £200,000 Funding Target Through Crowdcube Campaign

Just days after launching its equity crowdfunding campaign on Crowdcube, Travala, a service that lets users pay for hotel reservations with digital currencies, has successfully secured its initial £200,000 funding target from more than 230 Crowdcube investors. Founded in 2017, Travala claims it has become… Read More

Blockchain Development Firm Hedera Hashgraph to Allow HBAR Token Holders to Earn Rewards by Locking Tokens

Blockchain development company Hedera Hashgraph announced recently that their platform’s HBAR tokens can be locked by their holders, in order to earn rewards in digital currency. According to Hedera’s December 23 blog post, the new incentive program will begin early next year. HBAR holders that… Read More

Crypto.com Announces Listings of Chainlink’s LINK, Ethereum Classic’s ETC, & WAVES Tokens

Hong Kong-based cryptocurrency platform Crypto.com announced on Thursday the listings of Chainlink’s LINK, Ethereum Classic’s ETC, and WAVES Tokens on its Wallet and Card App. The tokens notably join a growing list of cryptocurrencies and stablecoins on the platform, which includes Bitcoin (BTC), ether (ETH),… Read More

Austria Fintech Bitpanda Launches Gold & Silver Trading For One Million Users

Austria-based fintech Bitpanda announced on Monday it has launched gold and silver trading for its one million users. Bitpanda reported that with Bitpanda Metals it is introducing the user experience and convenience of buying digital assets to the world of precious metals trading. Bitpanda also… Read More

OKEx Announces Listing of Native Token OKB on CoinMarketCap

OKEx, a Malta-based digital assets exchange, announced on Friday it has listed its native token, OKB, on CoinMarketCap. The crypto websites have also announced their partnership.  Together with the 11 exchanges that are in collaboration with CoinMarketCap, OKEx is dedicated and opened to working with… Read More

Crypto.com Lists Paxos Standard’s PAX Token on Wallet & Card App

Hong Kong-based cryptocurrency platform Crypto.com recently announced it has added Paxos Standard’s PAX token to its Wallet & Card App, joining bitcoin (BTC), ether (ETH), Litecoin (LTC), Binance Coin (BNB), XRP, Enjin Coin (ENJ), Basic Attention Token (BAT), and its own MCO and CRO tokens. … Read More

Coinsquare Expands Cryptocurrency Offering By Adding Stellar Lumens (XLM)

Canadian cryptocurrency platform Coinsquare announced on Thursday the addition of  Stellar Lumens (XLM) to its coin offering. According to Coinsquare, XLM is the first coin from the global payment system Stellar and is known for facilitating the transfer of funds instantly around the globe, and built… Read More

Security Token Academy Launches New Video Series Highlighting Companies in the Security Token Industry

The Security Token Academy (STA) announced last week it has unveiled a new video series that highlights the companies that are pioneering the security token industry. According to the STA, the videos feature a dozen industry leaders from the organization’s Corporate Members discussing how security tokens… Read More

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