FXT token taps into Binance Smart Chain following ERC-20 success

Crypto trading platform FXT announced the launch of a BEP-20 token after its ERC-20 token witnessed an impressive 1500% growth since its launch back in January 2021.  The new token, which is built on the Binance Smart Chain (BSC), is designed to reduce transaction costs and settlement times compared to its Ethereum-based predecessor. In addition to increasing the altcoin’s overall performance in efficiency and utility, FXT intends to list its token across several crypto exchanges to make it globally available. Given FXT’s lower price threshold and a history of massive return…

‘Undo Button’ developer Kirobo launching decentralized P2P token swaps

Israeli blockchain tech developer Kirobo is launching a decentralized P2P token swap solution. According to the company the protocol, dubbed “Atomic Safe Swap,” offers a decentralized peer-to-peer trading alternative to centralized marketplace exchanges or over-the-counter (OTC) desks, and is set to launch on July 27. The service is built on Ethereum and supports Ether (ETH) and ERC-20 tokens. Atomic Safe Swap is an extension of the firm’s retrievable transfer solution,“Undo Button” which enables users to cancel and retrieve crypto transactions. The Undo Button provides an authentication key that the receiving…

Lawsuit Claims Dfinity ICP Token is Unregistered Security

Key Takeaways California resident Daniel Ocampo has filed a new class action lawsuit against Dfinity alleging the firm violated the 1933 U.S. Securities Act. The plaintiff claims that Dfinity created ICP tokens out of thin air and sold them without filing appropriate registration. The complainant aims to seek compensation for the ICP investors the lawsuit represents for the financial damages they suffered. Share this article A group of ICP investors has filed a new class action lawsuit accusing Dfinity of selling unregistered securities. Class Action Lawsuit for Dfinity A new…

Flare to Airdrop Canary Network Token to XRP Holders

Share this article XRP holders who participated in the Spark airdrop snapshot in December will receive a second airdrop, Flare Networks announced today. Flare Plans New Airdrop For XRP Holders Flare Networks has announced a new airdrop as it plans to launch a Canary Network called Songbird. In an announcement, the team said it would airdrop Songbird’s native token SGB in the next six weeks. Flare aims to bring Ethereum-based smart contracts to various non-EVM compatible networks like the XRP Ledger. While the project is scheduled to go live in…

Arsenal FC to launch AFC Fan Token on Socios

English Premier League stalwart Arsenal F.C. is launching a new fan token in partnership with Socios, giving its supporters the ability to influence club decisions and access team-related content.  The partnership makes Socios the main digital meeting place for Arsenal’s fanbase, according to a Monday announcement from Chiliz, the exclusive cryptocurrency of the Socios platform. By holding AFC Fan Tokens, Arsenal fans will have “countless engagement opportunities” with the club, Chiliz said, including “the chance to influence the club in a series of interactive polls across a variety of decisions…

Is TechLead Planning a “Billion Token” Rug Pull?

Share this article TechLead is back with a new cryptocurrency: Billion Token.  TechLead Launches New Token  TechLead, a YouTube influencer with over 1.1 million followers, has launched a new cryptocurrency token.  “Billion Token” went live on Uniswap Monday, with trading opening at $0.001. Trading volume had hit $400,000 within two hours as the token price jumped to $0.0018.  Despite the interest the listing attracted on launch, several signs have raised suspicions about the project. The token launched an official Twitter account under the handle @Billiontoken__. The account features no prior…

Binance stops stock token sales, ‘effective immediately’

Binance’s highly popular stock tokens, a relatively recent offering, are being wound down immediately. In an announcement published on July 16, the exchange announced that “effective immediately,” stock tokens are unavailable for purchase on Binance.com. As of October 14, 2021 at 19.55 UTC, the exchange will no longer support stock tokens at all.  Existing stock token holders will have some time to adjust: “Users who currently hold stock tokens may sell or hold them over the next 90 days. Users will no longer be able to manually sell or close…

Boston Celtics basketball team joins fan token platform Socios

Socios, the blockchain-based platform responsible for tokenizing many popular sports franchises, has said the Boston Celtics basketball team will be joining its roster. In a Wednesday announcement from the National Basketball Association, Socios said it will have a significant presence on the Celtics’ website. Though the platform did not specifically mention it would be tokenizing players for digital collectibles, it will be using Celtics’ logos for international marketing. Alexandre Dreyfus, CEO of Socios and blockchain-based sports platform Chiliz, said this partnership with an NBA team could lead to “enhanced fan…

YouTuber TechLead Accused of Scam as Million Token Plummets

Key Takeaways TechLead, a popular YouTuber with over 1.1 million subscribers, launched a token called Million last week. TechLead has used his social media channels to promote the token, suggesting that investors could earn lucrative returns by buying into the project. The account that minted the token was found to have dumped large batches of the token on the open market, and it’s now trading over 64% off record highs. Share this article TechLead, a YouTuber with over 1.1 million subscribers, has been accused of scamming his community after he…

A guide to XCH token farming using a hard drive

Chia Network recently entered the cryptocurrency scene and has quickly piqued the interest of many miners and investors. There are several reasons for this: First, the Chia blockchain operates using a novel proof-of-space-and-time (PoST) protocol, which means that proof of the space used and time spent on the task is required to farm the cryptocurrency. Second, according to the creators of the currency, Chia (XCH) is an environmentally friendly coin and is not mined, rather it’s farmed, with the protocol needing low energy to generate new coins. Gene Hoffman, president…