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ForkLog 9 06.03.2024

Federation Council Approves Law on International Settlements in Digital Financial Assets

On March 6, the Federation Council approved a law permitting the use of digital financial assets and utilitarian digital rights in international settlements, as reported by TASS. The amendments are made to the laws “On Currency Regulation and Currency Control” and “On Digital Financial Assets”. The document classifies the acquisition and disposal of digital assets […]

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ForkLog 17 02.03.2024

Meme Coins Experience Significant Weekly Surge

Over the past week, popular meme tokens have soared by dozens and even hundreds of percent: DOGE (+69.6%), SHIB (+134.5%), PEPE (+276.1%), BONK (+117.8%), WIF (+334.4%), FLOKI (+254.4%). Data: CoinGecko. Most of these assets also saw significant growth over the past day. PEPE and WIF reached new all-time highs at $0.000004864 and $1.33, respectively. The […]

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ForkLog 23 28.02.2024

PEPE Price Soars Nearly 200% in a Week

In the past seven days, the meme cryptocurrency PEPE has surged by approximately 195%, as noted by experts at Arkham. The coin is trading at around $0.000003. PEPE is up almost 3x in the past week. Check out PEPE on Arkham:https://t.co/ZB51TuWrRD pic.twitter.com/W4PyXGK01M — Arkham (@ArkhamIntel) February 28, 2024 According to CoinGecko, trading volumes for the […]

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ForkLog 12 28.02.2024

Trader Nets $225,000 from Low-Volume Token

An unknown trader made a profit of 69.6 ETH ($225,700) in just a few days from a new token, DZHV. Analysts at Lookonchain highlighted this development. In just 2 days, this trader made 69.6 $ETH($225.7K) with only 0.2 $ETH($635). He spent 0.2 $ETH($635) to buy 6.47M $DZHV on Feb 26 and sold it for 69.8 […]

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ForkLog 41 27.02.2024

Russia Legalizes Digital Financial Assets for International Transactions Amid Skepticism

Russia has authorized the use of digital financial assets and utility digital rights for international contracts. Experts question the demand for this tool, citing issues with digital financial assets, including liquidity problems. Cryptocurrencies remain a more convenient means of settlement for businesses. On February 27, the Russian State Duma passed in the third reading a […]

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ForkLog 25 26.02.2024

Frax Finance Explores Uniswap-Inspired Initiative, FXS Rises by 17%

DeFi project Frax Finance is developing a reward mechanism for veFXS stakers, akin to an initiative by the Uniswap Foundation. This news led to a 17.3% surge in Frax Share (FXS). Should veFXS holders vote to distribute Frax Protocol revenue back to veFXS stakers again? Frax Finance makes 8 figures of annual revenue & growing, […]

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ForkLog 15 26.02.2024

Crypto Influencers’ Bout Boosts Two Meme Tokens

On February 24th, crypto blogger Ben Armstrong, known for his YouTube channel Bitboy Crypto, faced off against developer More Light in a match organized by the sports company Karate Combat in Mexico. In an “only in crypto” moment Friday night in Mexico City, Ben “BitBoy” Armstrong fought against More Light, developer of the HarryPotterObamaSonic10Inu memecoin. […]

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ForkLog 96 23.02.2024

Ripple CTO Reveals Origins of XRP’s Name

Ripple’s Chief Technology Officer, David Schwartz, has shared the story behind the naming of the native token of the XRP Ledger (XRP). David Schwartz explains why the currency was named ” $XRP”. X: Not issued by any countryRP: ”Ripples”= $XRP pic.twitter.com/kOenrcKEGp — EDO FARINA ? XRP (@edward_farina) February 23, 2024 He initially explained the process […]

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ForkLog 89 23.02.2024

CoinGecko Identifies Optimal Timing for Selling Airdrop Tokens

According to a study by CoinGecko, 23 out of 50 projects (46%) that conducted major airdrops saw token price peaks within the first two weeks post-release. Data: CoinGecko. “This suggests that the best time to sell airdrop tokens is within the 14-day period from receipt,” the report states. Among the coins that achieved maximum short-term […]

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ForkLog 13 22.02.2024

EigenLayer Chief Dismisses Plans for Token Launch

EigenLayer’s co-founder, Sriram Kannan, told Bloomberg that the team currently has no specific plans to launch a native coin. At present, EigenLayer employs a points system for those interacting with the protocol. These earned points are likely to be converted into a future native coin. “There are many ways to monetize. It could be a […]

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ForkLog 23 22.02.2024

Matic Foundation Unlocks Final 273 Million MATIC Tokens

On February 21, Matic Foundation received 273 million MATIC (~$253 million) from a vesting contract. 11 小时前，2.73 亿 $MATIC($253M) 从 Matic 归属合约转入 Matic 基金会地址。这是 Matic 的最后一笔代币解锁转移，自此 $MATIC 进入全流通状态。https://t.co/btJelj0cBZ pic.twitter.com/PS7YBmoCOs — 余烬 (@EmberCN) February 22, 2024 This was the project’s final token unlock, bringing the circulating supply of the coin to its maximum of 10 […]

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ForkLog 24 22.02.2024

Solana-Based Token Team Claims Developer Held Hostage to Boost Market Cap

The team behind the Solana-based token Hostage Dev claims to have taken their own developer hostage, threatening to kill him unless the token’s market capitalization reaches $1 million. Source: X-account Hostage Dev. Their X-account is filled with screenshots from live streams showing a person with bound hands and a bag over their head. Occasionally, he […]

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