Token Financial News

On Friday, Hong Kong’s securities regulator cautioned investors against “suspicious” staking schemes tied to Floki and TokenFi.

Reliance Jio, one of India’s largest telecommunications giants, has been hard to miss, especially with the growing interest in cryptocurrencies across India. Rumors about JioCoin have sparked curiosity, leading many to wonder whether this will be India's next big cryptocurrency or just another reward token tied to Reliance Jio’s services. But before getting caught up in the hype, it’s essential to understand exactly what JioCoin is—and what it’s not.

Data Ownership Protocol said it has raised $162 million in a recent token sale ahead of its upcoming mainnet launch later this month.

Crypto and asset tokenization platform TokenFi announced a new Token Launcher that simplifies token creation on the Ethereum Goerli chain.

BitDAO's native token BIT is set to rebrand to Mantle after the community voted in favor of a proposal seeking to optimize the token ahead of the launch of a new layer-2 mainnet.

The world of digital cash is divided into two camps. The traditionalists want a public authority to remain in charge of providing a safe medium of exchange for people to settle claims against one another. Or else, they say, private money could become as unreliable as in the pre-US-Civil-War era of wildcat banking, when notes issued by a lender in Tennessee would be discounted by 20% in Philadelphia.

Together Labs subsidiary MetaJuice has announced the closure of the presale of ERC-20 token VCORE, backed by investors including Animoca Brands, Meta Impact Capital and BITKRAFT Ventures. The investment will fuel the development of VCORE, which in turn will power the future of the metaverse by rewarding active, international players, creators, and earners, the company said in a statement. “We feel very fortunate to have VCORE and our move to Web3 backed by the leaders in the crypto-metaverse, crypto-gaming and blockchain assets spaces,” said John Burris, President, and Founder of MetaJuice. “With the support of these strategic VCORE buyers, we feel very confident in our ability to bring VCORE to one of the largest social metaverse platforms in the world — IMVU.”

crypto markets, India's own Gari token has risen about 40 per cent in the last 24 hours after blockchain launched the Gari mining program. The Gari token is powered by ChinGari, a social media platform for content creators. Under the newly launched mining program, creators and users will get Gari tokens to watch, like, share and comment on the content on the platform. Chingari is among the world's fastest-growing on-chain social apps and claims to host 4 crore monthly average users (MAU). Chingari has become the first social app in the world to offer crypto to its creators and users on the platform.

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Terra debacle, Terraform Labs is all set to launch Terra 2.0, the so-called revival of the blockchain. The previous token has been renamed as Terra Classic (LUNA). Terra's ecosystem has imploded as terraUSD (UST) algorithmic stablecoin was dragged from $1 earlier this month. This had also jittered the sentiments for other stablecoins as well, with some still struggling to get re-pegged. UST is now renamed TerraUSD Class, with a price of merely three centas as its value nosedived more than 50 per cent in the last 24 hours. Terra Classic (LUNA) dropped close to another 20 per cent, with a sharp fall in volumes.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

Lugano plans to make Bitcoin, Tether and the city’s own LVGA token legal tender. The city has formed a partnership with stablecoin issuer Tether. The move will allow citizens and companies to use cryptocurrencies to pay their annual taxes, parking tickets, public services and student tuition fees. The move goes beyond the actions of a number of other Swiss localities that for some time have been accepting crypto for tax payments.

Ethereum is starting to test the closely watched $3,000 price threshold as the broader drop in risk appetite in some of the more speculative areas of markets continues to weigh on some of last year’s best performing assets. The second largest cryptocurrency by market value after Bitcoin fell for a fourth day Wednesday, dropping as much as 3.7% to $3,048, according to data compiled by Bloomberg. The last time that Ether, as the native currency of the Ethereum blockchain is known, slid below $3,000 was on Jan. 10. The token surged about 400% last year, compared with a gain of 60% for Bitcoin. Ether is down about 15% in January. Other digital assets were similarly hit by investors’ weakening sentiment. As of 2:10 p.m. in London, Bitcoin was down around 0.6% lower to $42,149. Smaller digital assets known as altcoins were also affected, with Cardano’s ADA token and Solana’s SOL falling as much as 10.1% and 3.7% respectively, according to pricing data from CoinGecko.

token is not a new fad. However, there is a crypto token that is struggling to get its glory back but is still far behind its all-time peak. This token is so behind its previous peak that despite a 2.9 billion per cent rally, it is still 96 per cent below its previous peak and zoomed about 25 times to scale the previous highs.Ekta delivered a mammoth return of 2,893,266,376 per cent in the last seven days to $0.4039 from $0.00000001396, as per Coinmarketcap.com data.