Digital Tokens – DIGIT INFO

Bank of Korea to Launch CBDC Payment Trial in Supermarkets

DIGIT — Sun, 22 Sep 2024 08:46:20 +0000

South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants will be part of this test. Retail partnerships and global initiatives like Project Agora highlight the broader impact of […]

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Stepn Rewards Move-to-Earn Users With $30 Million in FSL Points Airdrop

DIGIT — Wed, 10 Apr 2024 18:35:42 +0000

On Wednesday, the Web3 fitness and move-to-earn platform Stepn unveiled a $30 million airdrop campaign, offering participants the chance to earn FSL points that can be exchanged for GMT tokens. Stepn Reveals $30M Airdrop, Precedes Big Brand Collaboration The Solana-based Stepn has begun the allocation of 100 million FSL points among its users, which they […]

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Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions

DIGIT — Sat, 13 May 2023 18:34:57 +0000

Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of $82.84 billion, tether is a mere $433 million shy of reaching its all-time high (ATH) set on May 8, 2022. Stablecoin […]

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Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations

DIGIT — Mon, 06 Mar 2023 14:30:53 +0000

It has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the announcement, BUSD was once a top-ten crypto asset. However, the top ten cryptocurrencies by market valuation have changed since the redemptions. Presently, there are only […]

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Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

DIGIT — Fri, 03 Mar 2023 15:00:19 +0000

The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token supply has dropped 40% lower. In contrast, the number of tethers in circulation has […]

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Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower

DIGIT — Tue, 21 Feb 2023 21:30:26 +0000

Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest cryptocurrency exchange by trade volume, has increased its usd coin holdings by […]

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Former FTX Executive Accused of Fueling a Charity Through Discounted FTT Purchase

DIGIT — Wed, 15 Feb 2023 15:00:36 +0000

A former executive of FTX allegedly earned profits for a charity by purchasing discounted FTX tokens, FTT, before they became available to the public at $0.05 per unit, according to a report citing anonymous sources. Ruairi Donnelly, the former chief of staff at FTX, has been accused of donating the tokens to Polaris Ventures, a […]

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Moscow Exchange Prepares to List Digital Financial Assets by Year End

DIGIT — Sun, 21 Aug 2022 06:30:56 +0000

Russia’s largest market for equities, bonds, and derivatives, the Moscow Exchange, intends to launch a product based on digital financial assets by the end of the year, an executive has revealed. The trading platform is already working with a partner to organize the placement of digital tokens. Russia’s Top Exchange to Facilitate Trading of Financial […]

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Binance to Sell NFT Tickets for Major Italian Soccer Club Lazio

DIGIT — Sat, 30 Jul 2022 06:00:17 +0000

Crypto exchange Binance will be offering NFT tickets for the games of one of Italy’s leading soccer teams, Lazio, during the upcoming season in the Italian Serie A championship. Supporters of Lazio will be able to use the tokens to also take advantage of various discounts. Lazio Fans to Buy NFT Tickets From Cryptocurrency Exchange […]

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Latvian Artist Threatened With Prison for Money Laundering Through NFTs

DIGIT — Tue, 26 Jul 2022 20:00:16 +0000

An artist from Latvia is under investigation for allegedly selling NFTs, or non-fungible tokens, to launder money, for which he may get up to 12 years in prison. The authorities have blocked his bank accounts and launched an investigation without even notifying him. Artist Who Sold Over 3,500 NFTs Prosecuted for Money Laundering in Latvia […]

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