Token Map

2024-05-04 18:13:01 FRIEND Token Airdrop Plummets: A Bumpy Ride for Friendtech

From High Hopes to Low Lows: FRIEND Token's Steep Decline

It was a promising start for Friendtech's FRIEND token as it soared to $169 per token on its market debut. However, the current situation tells a different story, with the price plummeting to a mere $1.48, marking a staggering 98% decrease from its initial trading value.

Differing Perspectives: The Tale of Peaks and Dips

While Coingecko presents a slightly more optimistic view, noting an all-time high of $3.26 per token, the decline is still evident at 48.52%. Trade volume, on the other hand, has reached an impressive $33.63 million, showcasing some activity in this rollercoaster ride.

Market Cap Mysteries and Token Tidbits

With a self-reported circulating supply of 14,598,835.1 FRIEND, Coinmarketcap ranks FRIEND at 2,484 in the vast crypto landscape. However, it's worth noting that this information hasn't been verified by CMC itself.

Numbers Game: Holders and Transactions Unveiled

The Base network's contract reveals interesting figures – there are currently around 19,023 holders of FRIEND tokens, engaging in approximately 292,016 transactions. The contract also holds onto a significant portion of the supply – about 32.23%, or roughly 12,004,864 FRIEND tokens.

Token Distribution Drama: Concentrated Holdings

When it comes to ownership concentration, things get intriguing. The top 100 holders control a whopping 61.85% of the supply, which amounts to around 24,459,236.07 tokens. It's a tale of few wallets holding a significant sway over the FRIEND token ecosystem.

As the market continues to fluctuate, Friendtech's FRIEND token faces its fair share of challenges. Will it bounce back or continue its downward trajectory? Only time will tell in this volatile crypto landscape. Stay tuned! Open / Comment

2024-05-01 19:28:01 Coin Center Sounds Alarm on DOJ's Crypto Crackdown: A Threat to Innovation and Privacy

The Department of Justice's recent crackdown on wallet developers has raised eyebrows in the cryptocurrency community. Despite lacking control over user assets, these developers are now facing criminal charges for unlicensed money transmission. This shift from regulation to criminal enforcement is a cause for concern, warns Peter Van Valkenburgh from Coin Center.

Since 2013, it has been crystal clear that wallet developers aren't considered money transmitters by the US government. But the DOJ's new stance challenges this understanding, diverging from the definitions set by regulatory bodies like FinCEN. This sudden change in approach could have far-reaching implications for the crypto industry.

In the ongoing Tornado Cash case, a telling section of the DOJ's reply brief caught Van Valkenburgh's attention. Titled "Section 1960 Does Not Require the Business to Have Control of the Funds," it suggests an expansion of what constitutes an "unlicensed money transmitting business." This potential overreach raises concerns about due process and regulatory boundaries.

It's not just about legal technicalities; it's about our privacy and fundamental freedoms. The FBI's warning to wallet users about non-regulated entities adds another layer of worry. Van Valkenburgh emphasizes that this assault on personal liberties is nothing short of a "disaster for the rule of law."

The implications go beyond individual cases; they could impact the entire crypto ecosystem. If wallet software is reclassified as money transmitters across the board, regardless of their actual operations, it could stifle innovation and limit users' ability to manage their digital assets independently. Open / Comment

2024-05-01 17:01:45 Meme Coins Crash In Sync With Crypto Market: Here’s Why

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2024-04-28 17:24:01 The Eroding State of Privacy in the Crypto World: A Battle for Freedom

The crypto industry stands at a crossroads, caught in a tug-of-war between privacy and regulatory oversight. The outcome will shape the future of cryptocurrency, determining whether it remains true to its roots or succumbs to external pressures.

Cracks in the Armor: The first blow came when the US OFAC slapped sanctions on Tornado Cash, accusing it of aiding North Korean hackers. This move effectively cut off all interaction with the platform, leaving many questioning the future of privacy coins.

Privacy Coins Under Siege: Exchanges like Binance and Okx have bowed to compliance pressure, delisting coins like Monero, causing significant market value drops. It's not just about one coin; it's a trend that threatens the very essence of privacy in crypto.

Justice or Overreach?: The founders of Samourai Wallet now face legal trouble for allegedly facilitating money laundering. As governments tighten their grip, even privacy-focused tools are being scrutinized.

Voices of Concern: Figures like Pavel Durov and Edward Snowden warn of a growing intolerance towards privacy. They envision a future where secure communication devices and enhanced privacy protocols become the norm.

A Beacon of Hope: Ethereum's Vitalik Buterin champions on-chain privacy, endorsing protocols like Railgun to safeguard transactions. As Tornado Cash faces sanctions, alternatives emerge to keep the torch of privacy burning bright.

In this battle for digital freedom, it's clear that privacy is no longer a given in the crypto world. How we navigate these challenges will determine whether we preserve the values that sparked this revolution or surrender them to external forces. Open / Comment

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2024-04-25 17:37:45 US Prosecutors Demand 36-Month Sentence for Binance's CZ: A Defiant Path to Profitability

Scaling Success or Regulatory Roulette? Changpeng Zhao, the mastermind behind Binance, gambled on flouting US regulations to catapult his cryptocurrency empire to the top. But his defiance may come at a steep price.

A Disregard for Rules, a Risk to Integrity Court documents reveal that Zhao knowingly skirted anti-money laundering requirements and turned a blind eye to transactions with sanctioned entities, including Iran. The integrity of US financial operations was put on the line.

From Prohibited Transactions to Profitability Over $898 million in illicit deals involving US individuals and sanctioned regions were facilitated by Binance's lax compliance measures. Zhao's motive? Not just success, but a spot among the crypto elite.

Compliance vs. Growth: A Calculated Gamble Prosecutors argue that Zhao saw compliance as an expensive hurdle, one that could slow down Binance's meteoric rise. But they contend that profitability must never eclipse legal obligations.

A Pivotal Moment for Cryptocurrency Regulation The sentencing recommendation for Zhao isn't just about punishment; it's about sending a clear message. The US wants to show that even the biggest players aren't above the law in an industry facing increasing scrutiny. Open / Comment

2024-04-25 15:05:28 PORTAL seems to be cooking up some new things with their new launchpad

The debut token on the Portal Launchpad is $SOMO (https://twitter.com/playsomo) and those who stake $PORTAL will be able to receive a guaranteed allocation for the $SOMO sale which is happening on Thursday, 25th April at 11 am EST and I’m expecting this to skyrocket

Within the niche of Web3 gaming, we’ve seen many successful launches recently such as My Pet Hooligan’s $KARAT – $SOMO could be next. SOMO will quite literally be the Pokemon Go of Web3 and is also a playable 3D game

$SOMO seems to be the next big cook following after $PORTAL’s success, hitting a 3bn FDV and it was the biggest Binance Launchpool launch in history. I would really recommend picking up some $PORTAL and staking via their launchpad for the $SOMO sale https://launchpad.portalgaming.com

Wallets will be able to purchase up to 1 ETH of $SOMO and to balance the demand against the available allocation – there will be a weighted raffle to give everyone a fair chance. Your chances in the raffle are dictated by your ticket size and how early within the 24 hours you purchase.
The earlier you purchase and the bigger your ticket, the more $SOMO you’re likely to receive. The current presale price terms seem very fair considering other rounds available like Pixelmon’s $MON and Revolving Games’ $RCADE.

Portal Twitter: https://twitter.com/Portalcoin
SOMO Twitter: https://twitter.com/playsomo Open / Comment

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2024-04-22 18:01:07 Russia Warns US: Funding Bill Fuels Geopolitical Flames

Gold Shines, Bitcoin's Volatility Persists

The macroeconomic climate favors gold and silver, with the former briefly soaring to over $2,400 per ounce. In contrast, Bitcoin (BTC) faces turbulence due to an Iranian drone attack on Israel and Israeli countermeasures.

Geopolitical Strife Amplified

Tensions are high as the Russia-NATO conflict disrupts global commerce, while US-China rivalries impact trade and technology. The US House approves $95 billion for Ukraine, Israel, and Taiwan, drawing concern from Russia's Maria Zakharova.

Gold's Steadfast Shine Amidst Uncertainty

With geopolitical uncertainty looming, gold remains a safe bet. However, the future of Bitcoin in these turbulent times is uncertain, leaving digital assets in a period of pronounced ambiguity.

Bitcoin: A Prudent Haven or Not?

Advocates argue that BTC is a wise choice during global tensions, but analyst Joe Consorti challenges its historical status as a safe haven asset. As the world watches, both gold and bitcoin navigate these stormy waters with caution.

Note: This content is for informational purposes only and should not be construed as financial advice. Open / Comment

2024-04-19 13:30:00 Gold's Rally Continues: World Gold Council Remains Bullish

Despite hitting record highs, gold's bull rally shows no signs of slowing down, according to the World Gold Council (WGC). In their latest report, the WGC highlights several factors that continue to support the precious metal's ascent.

Geopolitical Risks and Central Bank Buying have been key drivers behind gold's recent surge, with demand for both jewelry and investment bars and coins remaining resilient.

While some may worry about a potential bubble, the WGC dismisses these concerns, stating that gold is currently underowned and not exhibiting the usual signs of a market top.

Interestingly, gold ETFs have been lagging behind the global rally, but history suggests that this could be a bullish signal for the precious metal.

Contrary to speculation, the WGC finds little evidence of a significant shift from gold to Bitcoin ETFs, suggesting that recent flows are more speculative than structural.

Looking ahead, the WGC sees a positive market setup and believes that low participation from U.S. investors could provide further fuel for gold's upward trajectory.

In an uncertain world, it seems that gold remains a shining star in investors' portfolios. Open / Comment