circulating supply – DIGIT INFO

Holograph Begins Process to Remove 1 Billion Illegally Minted Tokens, Burns 53 Million HLG

DIGIT — Thu, 20 Jun 2024 21:10:27 +0000

The recently hacked tokenization platform, Holograph, has unveiled a token-burning process to eliminate one billion illegally minted HLG tokens. The Holograph team stated that this process, which has resulted in the burning of more than 53 million tokens so far, is expected to reduce the total number of tokens in circulation to 10 billion. Holograph […]

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Study: Crypto Market Participants Favor Meme Coins, Shun High-FDV Projects

DIGIT — Mon, 17 Jun 2024 03:36:42 +0000

Crypto market participants’ growing preference for character or celebrity meme tokens signals a growing disdain for projects with a high fully diluted value, the latest Kucoin report has said. Tap-to-earn projects have “remarkably higher overall participation data” due to their lower barriers to understanding and participation. Tokens with High FDV Face Limited Price Discovery Opportunities […]

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Decoding FDV: The Importance of Fully Diluted Valuation in Crypto Investments

DIGIT — Sat, 25 May 2024 05:16:16 +0000

In a market where substantial portions of tokens are often locked up, understanding Fully Diluted Valuation (FDV) has become essential for investors looking to better evaluate the current value of cryptocurrency projects, as well as better predict the long-term value and risks associated with them. Introduction to FDV Fully Diluted Valuation (FDV) is an important […]

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FTX Finds $7.3 Billion in Liquid Assets; Lawyers Consider Rebooting Shuttered Crypto Exchange

DIGIT — Thu, 13 Apr 2023 17:30:01 +0000

FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s token, FTT, increased by over 70%, rising from $1.30 to $2.35 per unit. Lawyers […]

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AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets

DIGIT — Tue, 11 Apr 2023 13:34:59 +0000

A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A funding round. The crypto and AI firm disclosed that the new funds would be used to expand into the largest Asian markets, and the company […]

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BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales Market

DIGIT — Mon, 03 Apr 2023 01:30:25 +0000

While the non-fungible token marketplace Blur has captured a significant amount of the market share in terms of NFT sales, the market’s native token, BLUR, lost more than 28% in value last month. At present, BLUR tokens are down more than 88% since the crypto asset’s all-time high recorded on February 14, 2023. Blur’s Native […]

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Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum

DIGIT — Mon, 13 Mar 2023 17:30:56 +0000

On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be noticeable following the announcement. CZ’s Decision to Convert $1 Billion BUSD Comes Amidst Troubles […]

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Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown

DIGIT — Tue, 28 Feb 2023 01:30:04 +0000

Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase to Suspend BUSD Stablecoin on March 13 On Feb. 27, 2023, Coinbase announced that […]

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TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting

DIGIT — Thu, 23 Feb 2023 05:30:21 +0000

On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueusd crypto asset has a circulating supply of over 968 million tokens and is the sixth-largest stablecoin by market capitalization. Archblock Uses Chainlink to Verify Reserves Before […]

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Ethereum’s Transition to Proof-of-Stake Yields Deflationary Results

DIGIT — Mon, 20 Feb 2023 19:00:57 +0000

After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were still under PoW consensus, 1,823,678 ether would have been minted to […]

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