#token

Justin Sun, the hype man of the century, is on it again. His Huobi exchange announced the listing of a provocative coin FUD (FTX Users Debt). The developers promise to buy back all the tokens in the future and use these funds to cover FTX's debts. Amid the announcement, the price of FUD soared by several hundred percent, but it rolled back quickly. There is a probability that the FUD token may become popular.

The company has started the process of obtaining state licenses for regulation and development of software for the integration of embedded payments. Earlier, Elon Musk said that Twitter should be transformed into an "everything app" with messaging, payments, and commercial functions. According to these plans, the company registered with the US Treasury as a payment processor in November 2022. Per Musk's wishes, the payment system is initially designed for fiat. While its structure will provide for future cryptocurrency features. Mask's favorite, Dogecoin, reacts violently to the news. Investors, just in case, pumped the MASK token (why would anyone invest in bitcoin, after all).

According to the press release, BMW is going to use blockchain technology to reduce paperwork and integrate a loyalty program in Thailand. BMW has chosen the Coinweb platform as a provider of decentralized infrastructure and the BNB Chain blockchain for transactions. Through the new loyalty program, BMW customers will be able to receive blockchain rewards for purchases and completing various tasks. Users will be able to exchange tokens for BMW and third-party companies products and services. Token transactions will take place on the BNB Chain.

The Cardano project released the Valentine upgrade on Valentine's Day. Evidently, to ensure that lonely devs won't be without a gift. What about the features of the upgrade? Ability to create cross-network bridges that enable transactions to occur between various blockchains. Enhanced cryptographic features. Improving cross-chain decentralized application (dApp) development on the smart contract platform. The price of the ADA token increased by 8%, outperforming BTC and ETH.

The LUNC community is having a vote (https://atomscan.com/terra/votes/11324) we all deserve. Namely: a proposal to re-peg the USTC stablecoin to $1. Better yet, the decision has almost been made. Following the news, USTC increased by 60% in just 10 hours, and the internal token LUNC caught up and rose by 20%. Hey, why stop at $1? Don’t you think that $10-$15 sounds juicier? After all, you’re the only ones in the "moon" market, so you probably won’t face any issues with interest either.

Hacks and phishing attacks prompted Coinbase Wallet devs to enhance user security. So now Coinbase Wallet features: 📌transaction preview to avoid unwanted token swaps. 📌malicious dApps alerts. 📌alerts in case of unauthorized access to your token balance. 📌push notifications about the upcoming token burn. Good job! But to reach full control, the wallet should also report price slippage. This will be the highest zen of trading.

Just 24 hours after FTX's new CEO, John Ray, announced that the platform could be revived, fraudsters created a fake FTX 2.0 token. The FTX2.0 scam token is being actively spread among the registered users' wallets, including Justin Sun, KuCoin, and Binance. Security firm PeckShield reported that the smart contract of FTX 2.0 has a backdoor that allows hackers to steal funds from users' accounts. To participate in the "new airdrop" the users are encouraged to click on a phishing link. But the worst part is that the token's code allows buying the coin, but prohibits it from being sold. That's why its price has quickly rocketed, causing a wave of FOMO among FTX customers.

CoinDesk is a media asset of the Digital Currency Group, whose financial situation leaves much to be desired. "I would like to figure out how to get to journalistic integrity again," Hoskinson explains his motives in a live YouTube stream. Cardano expects the price of CoinDesk will be around $200 million. The Cardano ADA token is one of the top ten cryptocurrencies on CoinMarketCap with a market cap of about $11.7 billion.