Tag Archives: ERC20

Coinbase Announces Support for Ethereum ERC20 Tokens

Coinbase announced today it’s intention to add ERC20 support to several of its suite of products. Historically, Coinbase announcements have caused huge retail influxes of retail investors, erratic price swings, and even allegations of market manipulation. That’s why it was a surprise today when Coinbase‘s latest announcement came not with a bang but a bearish whimper. Prices are down across the board today and there has been very little reaction to Coinbases momentous announcement. Whether or not the market chooses to react in the next 24 hours, one thing is for sure. Coinbase’s addition of ERC20 support will have wide-reaching effects around the cryptocurrency markets for years to come and cannot be overlooked. Continue reading Coinbase Announces Support for Ethereum ERC20 Tokens

Crypto Trading Giant Binance to Launch Decentralized Exchange

Cryptocurrency exchange giant Binance announced Tuesday that it will launch its own “tailored blockchain” in an apparent first step toward building a decentralized exchange (DEX). The Hong Kong-based company — which regularly ranks as a top-three cryptocurrency exchange as measured by daily trading volume — made the announcement in a blog post, explaining that Binance Chain will “mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets.” Continue reading Crypto Trading Giant Binance to Launch Decentralized Exchange

The Confusion Surrounding Venezuela’s ‘Petro’ Token Blockchain

As recently covered by CCN, Venezuela’s Petro (PTR) oil-backed cryptocurrency is now being sold to investors in its pre-sale
stage. Venezuelan leader Nicolás Maduro has stated that the government already netted $735 million from the token’ sale,
without backing his claim with any evidence. The Petro is set to be used to pay taxes, fees, and other public needs, as well
as in international deals, particularly those related to oil. 84.2 billion tokens will be disbursed, out of the 100 million
ordered by Maduro. The country’s opposition-run congress has criticized the cryptocurrency’s sale as an “illegal and
unconstitutional” instrument to illegally mortgage the country’s oil reserves, yet investors are still seemingly pouring in.
Earlier this month, citing the project’s whitepaper, CCN reported that the Petro is an Ethereum-based ERC-20 token that’s set
to have a private presale. According to the whitepaper found on the project’s official website, hosted by the country’s
Ministerio del Poder Popular para Educacion Universitaria, Ciencia e Tecnologia (MPPEUCT), that report was correct.

Reference: https://www.ccn.com/eth-nem-confusion-surrounding-venezuelas-petro-token-blockchain/