Justin Bieber invested about $1.3 million into the Bored Ape Yacht Club (BAYC) NFT. There are speculations that Justin Bieber was gifted the NFT by MoonPay as a promotional tactic. The investment has however depreciated to $59,000. Dexerto revealed in a tweet that global pop superstar Justin Bieber’s $1.3 million investment in BAYC NFT had […]
Tag: STO
Mastercard Eyes Leap in Blockchain Efficiency and Security – Unveils Multi Token Network (MTN)
Mastercard is launching a new program called the Multi Token Network (MTN). This is designed to make transactions involving digital assets and blockchain more secure, faster, and easier to use for different types of payment and commerce applications. The company states that its vision for MTN is to “…provide a set of foundational capabilities designed […]
Weekend Movers – Flow (FLOW) and Hedera Hashgraph (HBAR)
Little has changed in the cryptocurrency market, with Bitcoin still keeping above $30k. The largest cryptocurrency’s 2023 gains so far remain at 84.7% while trading at $30,650 at the time of writing. Bitcoin has lost momentum following a series of Bitcoin spot exchange-traded fund (ETF) applications in the final weeks of June. This could be […]
Alex The Doge (ALEX) Aims to Emulate Bitcoin Cash (BCH) Rally Upon Launch
Frankfurt, Germany, July 3rd, 2023, Chainwire The team behind Alex The Doge (ALEX), the memecoin powering the GameFi ecosystem of the same name, are hoping the token can emulate BCH upon launch. Currently in its presale phase, hopes are high that ALEX will hit the market with a bang, making the sort of headline-grabbing moves […]
Hong Kong Sets Up Task Force to Tackle Web3 Development
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The government of Hong Kong said in a press release it has set up a task force to facilitate the development of the Web3 ecosystem in the city. Financial Secretary Paul Chan will head […]
Markets Weigh Up July Figures: Bitcoin Recovers from SEC Rejection of Spot ETFs, Alts Rocked by Volatility
The US Securities and Exchange Commission (SEC) on Friday knocked back filings for spot bitcoin exchange-traded funds (ETFs) from Nasdaq and Cboe Global Markets exchanges, citing a need for more clarity in the respective applications. The Gensler-led agency claimed inadequacy of details about surveillance sharing arrangements (SSA) in the submissions from the exchanges. Market commentators […]
Canadian BTC Miner HIVE’s Revenue Halves from Record High
HIVE Blockchain Technologies Limited, the Canada-based publicly-traded company that mines pioneer cryptocurrency, Bitcoin, saw its revenue plunge by roughly 50% at the end of its 2023 fiscal year ended March 31. The Nasdaq-listed firm’s revenue came in at $106.3 million, tumbling from a record-high of $211 million from the previous fiscal year. HIVE, which released […]
SOL Price Defies Regulatory Scrutiny as Solana Blockchain Gains Momentum
As US investors pile into Bitcoin amidst the accelerating institutional activity, the leading cryptocurrency surged past $31,000 early on Friday. As of writing, BTC/USD is back to trading at around $30,850. According to crypto analytics firm K33 Research, the price gains and trading volume of the largest cryptocurrency by market capitalization have recently concentrated during […]
‘Tokenization’ Efforts Building Across the World
Next to a growing crop of spot-ETF applications (which may, or may not, be inadequate), the tokenization of real-world-assets (RWA) and financial instruments is perhaps the hottest topic as of late involving digital assets. The following are a few examples of this highlighting company acquisitions, pilot programs, and more. Mastercard – Tokenized Bank Deposits Mastercard […]
Crypto-Backed Loans and Lending Platforms: Unlocking the Potential of Digital Assets
The rise of cryptocurrencies in recent years has resulted in the emergence of novel financial services that use the potential of digital assets. Crypto-backed loans, which allow individuals to unlock the value of their cryptocurrencies without having to sell them, are one such business that is growing popularity. These loans are made possible through lending […]
