Tokens

Interview with Sergey Nazarov

Chainlink Co-Founder Sergey Nazarov believes that increasing the decentralization and scalability of oracle technologies are key to ensure trust in the DeFi ecosystem. Oracles play a key role in the correct functioning of DeFI protocols by connecting them to real-world data. However, the trustworthiness of oracles becomes compromised in instances where they rely on a …

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Sean Ono Lennon sells NFT art piece for $3K in crypto

Sean Ono Lennon, a British-American musician, songwriter, and producer, has auctioned a tokenized digital illustration on NFT marketplace, Rarible. According to Rarible data, Lennon sold a piece entitled “Etharian 1” on Dec. 14 for 5.5 wrapped Ether (WETH), worth about $3,200 at time of publication. The musician subsequently congratulated the new piece’s owner on Twitter: “Congrats …

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Swiss crypto bank Sygnum tokenizes shares and prepares for public offering

Sygnum, a major cryptocurrency bank in Switzerland, has successfully tokenized its shares on a blockchain in preparation for its upcoming public sale. According to an official Dec. 14 announcement, the bank tokenized its shares on the Ethereum blockchain using a proprietary tokenization platform called Desygnate. The blockchain-based platform issues digital representations of shares and associated …

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Steve Wozniak-backed token WOZX skyrockets ahead of second listing

Apple co-founder Steve Wozniak’s new token, Efforce (WOZX), almost doubled in price today after an astonishing run that saw the price increase around 26X in the past week. WOZX will open for trading on Korea-based exchange Bithumb on Dec. 9, and is already up 2,490% since first being listed on the HBTC exchange on Dec. …

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Multi-utility tokens to enable Web 3.0 by providing more than financial value

Cryptocurrencies are commonly known for being a store of value, but as the blockchain space continues to mature, utility tokens are being created that extend their benefits beyond mere financial gains. Scott Gralnick, director of global partnerships for ShapeShift — a Swiss cryptocurrency exchange — told Cointelegraph that cryptocurrency can help launch Web 3.0 as more …

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The US SEC amendments and SAFT process

Earlier this year, the United States Securities and Exchange Commission — in both the SEC versus Telegram and SEC versus Kik cases — vigorously argued that sales of contractual rights to acquire tokens on a when-issued basis (widely referred to as Simple Agreements for Future Tokens, or SAFTs) should be integrated with later sales of …

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Token Projects Are Not Happy With KuCoin’s Handling of $280M Hack

The latest face-saving communique from Seychelles-domiciled crypto exchange KuCoin – hacked almost two months ago for over $280 million – is that 84% of the affected assets have been recovered. Some victims will be glad the situation seems to be moving towards resolution. Others, not so much. Leaving aside the conspiracy theories, death threats and alleged …

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Zebpay is launching a nonfungible token marketplace in India

Cryptocurrency exchange Zebpay, which claims to have a user base of over 3 million users in India, is now exploring broader crypto market opportunities, such as digital collectibles. With its launch of a new marketplace called Dazzle, Zebpay has chosen to expand into the non-fungible token space. NFTs are unique but tradeable blockchain assets, which can be used …

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Crypto trading platform Bybit partners with soccer club Borussia Dortmund

Top-tier German soccer club Borussia Dortmund, or BVB, is entering a multi-year partnership with the crypto trading platform Bybit. At present, details of what the partnership will involve, beyond mutual brand outreach, remain slight. In a statement for Cointelegraph, Bybit CEO Ben Zhou pointed to BVB’s huge popularity, characterizing its fan base as the seventh-largest …

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INX to boost its $117M IPO with token listings on global exchanges

INX, a global digital asset trading platform, is expanding its ongoing initial public offering with listings on exchanges worldwide. In a move to boost the liquidity in its $117 million IPO, INX has applied with the Canadian Securities Exchange to list its security token. The listing application is subject to the approval of the CSE, …

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