A little over a month ago, crypto enthusiasts woke to a new project on the top 10 rankings of cryptocurrencies by market cap in the form of the Internet Computer Protocol (ICP).The project, run by the Dfinity Foundation, was trading for as high as over $580 and had a trading volume of $500 million, showing that the token was enjoying a bullish season against the broader crypto … [Read more...] about Community reacts after Dfinity token ICP loses 80% of its value since May
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Museum of Crypto Art to launch MOCA token, plans acquisition spree
According to some estimates, coronavirus-related strains may soon force upwards of one in every eight physical museums to permanently close — but despite the struggles, one Metaverse-native museum is raising funds to transition to a community-governed model. The Museum of Crypto Art announced today the launch of the MOCA token, a Polygon-based governance and utility asset. The … [Read more...] about Museum of Crypto Art to launch MOCA token, plans acquisition spree
DeFi token prices obliterated as Bitcoin sell-off knocks TVL under $100B
Decentralized finance (DeFi) was one of the driving forces behind this year's surge in the cryptocurrency market as projects like Yearn.finance (YFI), Aave (AAVE) and Uniswap (UNI) quickly climbed to ‘blue-chip unicorn’ status and older protocols like Maker (MKR) and Compound (COMP) saw their prices skyrocket to new record highs. But as the old saying goes, “markets take the … [Read more...] about DeFi token prices obliterated as Bitcoin sell-off knocks TVL under $100B
ShapeShift takes aim at gas fees with new FOX token functionality
In a blog post today, noncustodial wallet and decentralized exchange aggregator ShapeShift announced expanded functionality for its FOX rewards token designed to mitigate gas fees — or, as the project put it, turn the token into “the Gas-Guzzling Philanthropist of the DeFi Forest.”“FOX Tokens now have the added superpower of helping you pay for gas when you trade on … [Read more...] about ShapeShift takes aim at gas fees with new FOX token functionality
Pancake Bunny token plummets by 90% after $40 million flash loan attack
The price of Pancake Bunny (BUNNY), the native token of the eponymous decentralized finance (DeFi) platform based on the Binance Smart Chain (BSC), plummeted by over 90% after it fell victim to a flash loan attack today.4⃣ The hacker then dumped all the bunny in the market, causing the bunny price to plummet5⃣The hacker paid back the bnb through … [Read more...] about Pancake Bunny token plummets by 90% after $40 million flash loan attack