Altcoin News by Thebittimes.Com

An unknown user purchased the Coq Inu tokens (COQ) for $454, which grew more than 4,800 times in two weeks. According to Lookonchain data, the investor exchanged 17.26 Avalanche (AVAX) to buy 4.86 trillion COQ tokens . He used seven different addresses to make the purchase. A trader turned $454 into $2.19M in 2 weeks by trading $COQ, a gain of 4827x! This trader spent 17.26 $AVAX($454) to buy 4.86T $COQ through 7 addresses, then sold 4.61T $COQ for 32,251 $AVAX($1.26M) and 259K $USDC. Currently holding 250B $COQ($700K), the profit is ~$2.19M. pic.twitter.com/arsaX6Uey8 — Lookonchain (@lookonchain) December 19, 2023 After a meteoric rise, the user sold most COQ tokens , receiving 32,251 AVAX and 259,000 USDC. He still holds about 250 billion COQ worth more than $700,000. Experts concluded that the trader earned approximately $2.19 million from this cryptocurrency. At the time of writing, the Coq Inu token is trading near $0.0000028, according to CoinMarketCap. Over th...

Nansen analysts observed “unusual transactions between FTX and Alameda” in the days leading up to FTX’s bankruptcy. Blockchain data analysts from Nansen revisit the days leading up to the collapse of FTX, including the transfer of $4.1 billion worth of FTT token s between the exchange and Alameda Research. A Nansen report shared with Cointelegraph reveals unique observations from the blockchain analytics firm, which highlights the close relationship between the two companies founded by Sam Bankman-Fried. The former FTX CEO appears in court for the first time to face a litany of charges relating to the collapse of the FTX group. The collapse of FTX is widely reported to have been sparked by initial reports that flagged the significant, 40 percent share of Alameda’s $14.6 billion in assets held in FTT tokens in Sept. 2022. Nansen analysts revealed that they had observed dubious on-chain interactions between FTX and Alameda before these reports came to light. Between Sept. 28 and Nov. 1...

Out of the lot, 2.49 million DYDX tokens — worth $5.36 million — will be allocated to the community treasury. The treasury funds contributor grants, community initiatives and liquidity mining among other programs. Decentralized exchange (DEX) platform dYdX will unlock $14.02 million worth of DYDX (DYDX) tokens dedicated to the community treasury and rewards for traders and liquidity providers. On Aug. 29, dYdX will release 6.52 million in-house tokens, representing 3.76% of the DYDX circulating supply. Out of the lot, 2.49 million DYDX tokens — worth $5.36 million — will be allocated to the community treasury. The treasury funds contributor grants, community initiatives and liquidity mining among other programs. Upcoming dYdX unlock event. Source: token.unlocks.app The remaining 4.03 DYDX token s will be split between liquidity provider rewards (1.15 million token s worth $2.47 million) and trading rewards (2.88 million token s worth $6.18 million). Full funds allocation for dYd...

Digital securities firm Securitize will provide new alternative assets to major cryptocurrency firms like WisdomTree and Valkyrie Invest. Tokenized asset firm Securitize continues expanding investor access to private market alternative assets with the acquisition of the crypto currency fund manager Onramp Invest, which manages more than $40 billion in assets. Securitize is planning to simplify the access of registered investment advisors (RIA) to private equity, private credit and secondary asset classes with the acquisition of Onramp. The acquisition brings more than $40 billion in combined assets, which the Onramp platform handles for a community of RIAs across the United States. Onramp’s customer base Features some prominent firms in the crypto industry, including the exchange-traded (ETF) fund WisdomTree, asset manager Valkyrie Invest, the ETF firm Global X, crypto media Coindesk and others. As a result of the acquisition, RIAs will be able to offer their clients investment...

Visa’s innovative solution employs Ethereum’s ERC-4337 standard and the “Paymaster” smart contract, enabling off-chain gas fee settlement. In a potential transformative move for users, Visa, the payments solution provider, is testing an innovative solution enabling on-chain gas fees to be paid using a Visa card. Mustafa Bedawala, a product manager at Visa, presented the report, highlighting an observed challenge with crypto currency wallets; the ongoing requirement to oversee Ether (ETH) balances for covering gas fees. The standard Ethereum procedure involves users acquiring ETH from an exchange or on-ramp service and then transferring it to their wallets to cater to variable gas fees. This continuous adjustment of gas prices frequently leads to users either overspending or having insufficient ETH, introducing intricacies and challenges. Visa’s innovative solution employs Ethereum’s ERC-4337 standard and the “Paymaster” smart contract, enabling off-chain gas fee settlement. The proce...

Users can trade ETH/FDUSD with zero maker fee, while the standard taker fee will apply based on the user's VIP level. Crypto exchange Binance, on Thursday, August 3, announced that it would be opening trading for the Bitcoin/First Digital USD (BTC/FDUSD) and Ethereum/ First Digital USD (ETH/FDUSD) trading pairs alongside an updated zero-fee Bitcoin and Ethereum trading with newly added FDUSD stablecoin spot and margin pairs . As per the announcement, starting from 08:00 UTC on August 4, users will benefit from zero maker and taker fees for BTC/FDUSD spot and margin trades through the Zero-Fee Bitcoin Trading Program. Additionally, users can trade ETH/FDUSD with zero maker fee, while the standard taker fee will apply based on the user's VIP level. The trading volume for BTC/FDUSD spot and margin trading pairs is not included in the VIP tier volume calculation or the Liquidity Providers programs, enhancing the trading experience for users. “BNB discounts, referral rebate...

The move-to-earn platform had 2 billion $SWEAT tokens locked up in inactive user accounts which the community has voted to be returned to a governance contract. Move-to-earn platform Sweat Economy is set to repurpose over 2 billion native $SWEAT tokens that were locked up in inactive user wallets. The tokens, valued at around $10 billion, were locked up in dormant user accounts following a token airdrop event in Sep. 2022. According to the platform, Sweatcoin users that opted into the Web3 move-to-earn’s crypto offering received $SWEAT tokens that were locked up in a 24-month lock-up contract. Users that failed to install the Sweat Wallet over the past year and claim locked tokens essentially left a sizable portion of the ecosystem’s token supply frozen in inactive accounts. Sweat Economy’s foundation controls the keys to the lockup contract responsible for the token generation event, allowing for the platform to repurpose the tokens that otherwise would have been ‘abandoned’ and unre...

The securitized tokens are governed by Hong Kong and Swiss law. On June 12, Bank of China's investment bank subsidiary BOCI announced the issuance of 200 million Chinese Yuan ($28 million) worth of digital structured notes minted on the Ethereum blockchain . The move makes the BOCI the first Chinese financial institution to issue a tokenized security in Hong Kong. Investment banking company UBS helped originate the product for placement to its client in the Asia-Pacific region. Ying Wang, the deputy CEO of BOCI, commented: "Working together with UBS, we are driving the simplification of digital asset markets and products, for customers in Asia Pacific through the development of blockchain-based digital structured products, designed specifically for customers in Asia Pacific." Simultaneous to the development, UBS has been expanding its tokenization across structured products, fixed income, and repo financing. The firm issue d a $50 million tokenized fixed rate note ...

By participating in Cointelegraph’s Accelerator Program, Brickken aims to support companies through the entire tokenization cycle. As digitalization takes over the financial industry, tokenization is becoming an integral part of tomorrow’s capital market. While making use of blockchain technology, tokenization securitizes assets in a digital way and creates a flurry of opportunities for assets, markets and potential investors. The continuously growing tokenization market is expected to reach $16 trillion by 2030 in the illiquid segment alone, according to the Boston Consulting Group. In addition, the World Economic Forum predicted that up to 10% of global GDP will be managed on-chain by 2025. A similar figure was provided by banking giant HSBC, which estimates that up to 10% of all assets will be token ized by 2030. Without wasting any time, some market players like Brickken have already taken the first steps to capitalize on the growing demand. Brikken is a tokenization platform th...

Major crypto platforms are gearing up for the upcoming ARB token listing on March 23. As the countdown to the Arbitrum (ARB) token airdrop continues, crypto enthusiasts on Twitter are abuzz with speculation about its listing price. While the community is busy forecasting the price trajectory and benchmarking against other Layer-2s on Ethereum (ETH), several major crypto platforms have proudly announced their plans to list ARB. With the airdrop just around the corner, investors and traders are eagerly anticipating the listing of the new ARB token on various crypto platforms. This article provides an in-depth look at the confirmed listing venues where enthusiasts can acquire ARB token s after the March 23 airdrop, exploring what each platform has to offer. Huobi and MEXC Following the official announcement of the Arbitrum token airdrop on March 16, Huobi and MEXC wasted no time in revealing their plans to list ARB, and were the first to announce their listing on March 17. Both platfor...

The team stated on Twitter that deposits would be disabled “shortly” and withdrawals within 30 days. The developers of bridging platform Ren protocol have warned users to unwrap their tokens and bridge them back to their native chains “ASAP,” or risk losing them, according to a Twitter thread from the team. 1) Important notice ️ As announced previously, the Ren 1.0 network is shutting down due to the events surrounding Alameda As compatibility between Ren 1.0 and 2.0 cannot be guaranteed, holders of Ren assets should bridge back to native chains ASAP, or risk losing them! https://t.co/20vpGBc8W0 — Ren (@renprotocol) December 7, 2022 The team stated that mints on Ren will be disabled “shortly,” meaning that it will be impossible to deposit any assets onto the platform to bridge to other networks. In 30 days, “burns” or withdrawals will also be disabled. The company behind the project, RenVM, had previously stated on Nov. 18 that they would be releasing a new version of the pro...

Polygon (MATIC) and Green Satoshi Token (GST) provide the perfect examples of how quant analysis can help cryptocurrency investors shield themselves from volatile markets. Disparities in information access and data analytics technology are what give institutional players an edge over regular retail investors in the digital asset space. The core idea behind Markets Pro, Cointelegraph’s crypto-intelligence platform powered by data analytics firm The Tie, is to equalize the information asymmetries present in the cryptocurrency market. Markets Pro bridges the gap of these asymmetries with its world-class functionality: the quant-style VORTECS Score. The VORTECS Score is an algorithmic comparison of several key market metrics for each coin utilizing years of historical data that assesses whether the outlook for an asset is bullish, bearish or neutral at any given moment based on the historical record of price action. The VORTECS Score is designed to notify traders that something has just ...