Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Nigerian cryptocurrency exchange Patricia has launched a native token called Patricia token (PTK). The platform has also converted user funds into the token, which is being marketed as a stablecoin pegged to the US dollar. […]
Category: STO News
Dick’s Sporting Goods Shares Plunge as Retailer Blames Increased Theft
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. On Tuesday morning, the competitively priced North American retailer Dick’s Sporting Goods (DKS) cratered. With nearly 800 stores across the US, Canada, and Mexico, DKS shares dropped by 27%, from $149 to $108. The […]
Safepal (SFP) Up Almost 8% While Other Cryptos Grapple with Double-Digit Losses
Late Tuesday witnessed another dip in the crypto market, plunging Bitcoin to approximately $25,500 and Ethereum just below $1,600. Although prices have since seen some recovery—Bitcoin hovering around $26,000 and Ethereum at $1,640 as of this writing—the total crypto market capitalization barely maintains its position above $1 trillion. This recent dip highlighted Bitcoin’s most dismal […]
US 30-Year Mortgage Rate Climbs to Highest Level Since 2000 at 7.48%
Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The US 30-year mortgage rate soared to 7.48% on Monday, resulting in the least affordable homebuying market in the US in four decades. The Federal Reserve officials are set to meet at the annual […]
Atomic Wallet Sued by Russian Users Over $100M Hack and Lack of Action
Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Atomic Wallet, a crypto firm that sustained a $100 million exploit earlier this year, has been sued by Russian investors who lost $12 million in the aftermath of the hack. The move comes as […]
Shiba Memu token is thriving despite the painful crypto sell-off
Bitcoin and other cryptocurrencies plunged hard last week. This decline happened amid a sense of fear in the financial market. Shiba Memu token sale has gained steam as the developers raised over $2.1 million. Cryptocurrency prices had their worst performance this year as Bitcoin plunged from $29,000 to below $26,000. Most coins and tokens were […]
SEC Sues Fundrise for Paying 200 Social Media Influencers to Solicit Clients
The US Securities watchdog has accused Fundrise Advisors, LLC, of violating the country’s cash solicitation rules by paying over 200 social media influencers and online newsletter publishers to solicit clients for its investment platform. The Securities and Exchange Commission (SEC) announced today (Tuesday) that the Washington-based investment advisor did not require the influencers to provide […]
Binance Allegedly Used Sanctioned Banks for P2P Crypto Transfers in Russia
Binance aided peer-to-peer (P2P) crypto transfers among Russians using at least five banks sanctioned by Western governments after Russia launched a full-scale invasion of Ukraine last year, the Wall Street Journal reported today (Tuesday). Citing the apex monetary authority in Russia, the outlet said Russians traded about $428 million in P2P transactions within five months. […]
Bearish Blues Hit Crypto, Memecoins Face the Music in a Slumping Market
From being the market’s biggest bulls during the up-only trend, meme coins have now turned into the biggest bears as the broad crypto sector takes a hit. Market leaders Bitcoin and Ethereum fell hard over the last week, and as of writing, BTC is trading at $26,069 while ETH is exchanging hands at $1,665. The […]
From Traditional to Digital: Japanese FX Market Embraces Electronic Evolution
Electronic trading is gaining momentum in Japan, and more adoption is anticipated, driven by the increasing popularity of multi-dealer platforms and application programming interfaces (APIs). This is according to research by the global analytics and insights provider for the financial services industry, Coalition Greenwich. The Japanese FX sector has made a significant shift towards electronic […]
