Binance
Tornado Cash Governance Token TORN Shudders over 57% Since the US Government Ban
Published
2 years agoon
By
adminAmid the crushing against Tornado money, associated addresses, contributory developers, and anyone Who uses the blending platform, the project’s governance token known as TORN has shuddered in price. TORN associates ERC20 with a hard and fast provider that’s leveraged for governance proposals and options. Throughout the last seven days, the Tornado money governance token has lost 57.6% in price against the U.S. dollar.
Tornado Cash Token Loses over 1/2 Its Value this Week
It looks that everything Tornado money touched is tainted and through the last week, the project’s governance token tornado money (TORN) has lost over 1/2 its USD price. TORN is an ERC20-based token that was launched in Feb 2021, and five-hitter of the provision was airdropped to users who had leveraged the blending application before the pic.
There’s roughly 1,511,065 TORN tokens and 500,000 TORN was airdropped to the Tornado money community. Since the U.S. government cracked down on Tornado money and illegal the blending application aboard associated ETH-based addresses, TORN has taken a severe market beating.
TORN has seen $43.4 million in world trade volume and tons of it stems from mercantilism. fashionable crypto exchanges that list TORN embody Binance, Bingx, and Bitget. 69.93% of all TORN trades these days square measure paired against USDT, that is followed by BUSD (24.73%), BTC (3.92%), WETH (1.18%), and USDC (0.24%).
Additionally, half-hour of the TORN stash was reserved for devs and contributors, and unconditional for a three-year linear vesting amount with a annual drop-off. TORN is down 97.2% from the crypto asset’s incomparable high on Feb thirteen, 2021.
TORN abroach associate very cheap hours agone on weekday morning (EST) hit 11.81 per unit on August 13. If the TORN market rout continues, unconditional stashes of the ERC20 will price less and less as time passes. The U.S. government’s sanctions against the mixer Tornado money could cause TORN investors to continue selling when losing religion within the project.
The post Tornado Cash Governance Token TORN Shudders over 57% Since the US Government Ban first appeared on BTC Wires.
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Altcoins
Binance Launchpool Rolls Out Staking and Trading Support for New Layer-1 Blockchain Project
Published
3 weeks agoon
April 14, 2024By
adminTop global crypto exchange Binance is planning on launching trading support for another new layer-1 altcoin project via its Launchpool platform.
Binance Launchpool, which lets users stake coins to farm new assets, says its 52nd project will be Omni Network (OMNI), a network that aims to integrate Ethereum’s (ETH) rollup ecosystem into a single, unified network.
Explains the project,
“Omni is an Ethereum-native interoperability protocol that establishes low-latency communications between all Ethereum rollups. Omni offers a secure, performant, and globally compatible architecture that presents Ethereum as a single, unified operating system to both users and developers.”
Between April 13th and 17th, Binance users can stake BNB, the crypto exchange platform’s native asset, as well as the stablecoin First Digital USD (FDUSD) into separate pools to farm OMNI tokens.
The exchange then plans to list the asset on April 17th. Binance will attach a seed tag to OMNI, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens.
Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens.
Last week, Binance Launchpool kicked off support for Saga (SAGA), a layer-1 project that aims to enable developers to launch interoperable, application-specific chains called “Chainlets.”
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Altcoins
Kraken Crypto Exchange Plans To Delist Monero in Two European Countries in Two Months
Published
3 weeks agoon
April 11, 2024By
adminOne of the biggest centralized crypto exchange platforms in the world is planning on delisting a popular privacy-focused altcoin in two European nations in the coming months.
In a new article, crypto exchange Kraken says it’s going to be delisting Monero (XMR), a blockchain focused on anonymity that launched in 2014, from Ireland and Belgium starting in June.
According to Kraken, after June 10th, all remaining XMR on the crypto exchange will be automatically converted into Bitcoin (BTC), the top crypto asset by market cap.
“We will be delisting Monero (XMR) from the Kraken platform, for clients in Ireland and Belgium, on June 10, 2024. As of May 10, 2024 trading and deposits will be halted for XMR.
All margin positions will need to be closed by May 10, 2024 or these positions will be auto-closed. We will halt withdrawals of XMR on Kraken on June 10, 2024. At this time, any remaining XMR balances will be auto-converted into BTC.”
In February, XMR itself was delisted from Binance, the world’s largest crypto exchange platform by volume, and subsequently crashed 32%.
At the time, Binance went on a delisting spree, expelling digital assets such as decentralized governance network Aragon (ANT), artificial intelligence-focused blockchain Vaiot (VAI) and enterprise blockchain platform Multichain (MULTI), as well as XMR.
Being delisted earlier this year caused XMR to plunge to $108.80. However, the 57th-ranked digital asset has since recovered and is now trading for $134 at time of writing, a 1.3% gain during the last 24 hours.
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Altcoins
Binance Launchpool Rolls Out Support for New Layer-1 Crypto Project Focused on Developers
Published
4 weeks agoon
April 6, 2024By
adminTop global crypto exchange Binance is rolling out support for a new layer-1 crypto project via its Launchpool platform.
Binance Launchpool, which lets users stake coins to farm new assets, says its 51st project will be Saga (SAGA), a web3 platform designed for developers.
Saga aims to enable developers to launch interoperable, application-specific chains called “Chainlets.”
Explains the project’s website,
“We are building this by rearchitecting developer and end-user interactions with blockchains. Using shared security, innovations in validator orchestration, and an automated deployment pipeline, Saga makes launching a dedicated blockchain, or Chainlet, as easy as deploying a smart contract.”
Between April 5th and April 9th, Binance users can stake BNB as well as the stablecoin First Digital USD (FDUSD) into separate pools to farm SAGA tokens. The exchange then plans to list the asset on April 9th.
Launchpool will offer 45,000,000 SAGA as token rewards, 4.5% of the asset’s max supply.
Binance will attach a seed tag to SAGA, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens. Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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