News list for " to token"
Paul S. Atkins, chairperson of the Securities Exchange Commission, who delivered a keynote speech at the inaugural OECD Global Financial Marekt Roundtable, said: The time for cryptocurrencies has arrived. Most crypto tokens are not securities, and the Securities Exchange Commission will clearly define these boundaries. It must ensure that entrepreneurs can raise money on-chain without facing endless legal uncertainty. The Securities Exchange Commission must also allow "super applications"...
According to a report by Reuters, Nasdaq (NASDAQ) has submitted a proposal to the Securities Exchange Commission (SEC) to amend the rules to allow trading of securities listed in traditional digital or tokenized forms on the Nasdaq exchange.
Data from DappRadar shows that the total lock-in value (TVL) in the DeFi protocol increased by 30% month-on-month, while the number of active wallets for tokenized stocks soared from around 1,600 to over 90,000, driving its market cap up 220%. Meanwhile, NFT trading volume increased by 96% to $530 million in the month. With more customer engagement in the market, the average price of NFTs also doubled to around $105. Although DeFi's liquidity has risen, users' attention has shifted.
According to NBC News, blockchain data firm Chainalysis data shows that Trump and his allies received nearly $900,000 in transaction fee revenue from their crypto token $TRUMP over two days last month. The revenue surge stemmed from the announcement on the token's official website that it would offer the first 220 token holders the opportunity to have dinner with the president. After the announcement, the price of the $TRUMP token rose by more than 50%. According to the project's official websit...
Famous rapper Kanye West plans to launch crypto token YZY. According to three people familiar with the project, Kanye will receive a 70% share, liquidity supply will account for 10%, and investors will account for 20%. The project information was disclosed by Yeezy Chief Financial Officer Hussein Lalani via email. The YZY token will be used as the official currency of the Yeezy brand and can be used for payment on its website. This move is seen as circumventing Shopify and others due to its...
Yzi Labs announced a $16 million investment in Sign, an on-chain infrastructure for token distribution and voucher verification. It is reported that Sign is aggregating verified credentials on the chain to build a larger network, thus creating a more transparent and secure token distribution infrastructure.
Gary Gensler, chairperson of the Securities Exchange Commission (SEC), said: "I believe the SEC has the legal tools to secure cryptocurrencies and, without prejudice, not all crypto tokens are securities."
