55 articles found
📣 Cardano's HODLer Enthusiasm Soars
In the last two years, the number of Cardano investors holding onto their coins for over a year has surged nearly ninefold, now at 2.7 million wallets. At the same time, a decline in the number of medium-term investors suggests a notable trend toward long-term investment strategies among Cardano users.
New York Regulator Required Higher Standards for Listings
NYDFS wants to increase transparency from cryptocurrency companies operating in the state, particularly in their processes for listing and delisting cryptocurrencies. The new framework will require firms to develop their coin-listing policies in three key areas: governance for the coin-listing process, risk assessments of coins, and procedures for monitoring coins. The framework will also require firms to provide detailed information on their criteria and decision-making process for delisting a coin. The proposed legislation is open for public comments and will remain so until October 20th.
Token Scams Thrive on Coinbase’s Base Blockchain
Between mid-July and Base’s public introduction in August, more than 500 scam tokens, like BASEPEPE (BPEPE) and Baby Yoda (YODA), were deployed on the blockchain, as reported by Solidus Labs, Around 300 of these tokens enabled their creators to generate an unlimited number of coins, unbeknownst to Base users, significantly impacting the tokens’ values. Moreover, about 60 tokens prevented buyers from reselling them on exchanges. The scam tokens collectively generated approximately $3.7 million in trading volume and yielded around $2 million in profits, according to Solidus.