Two crypto projects have cried foul play over promotional airdrops conducted by CoinMarketCap (CMC) on their behalf, which they allege was "gamed" for the benefit of a small group of exploiters. These promotional airdrops — designed to be distributed to thousands of wallets to raise awareness of a crypto project — ended with the tokens funneling to just a handful of wallets, suggesting potential manipulation of the system. SATT token drop Blockchain advertising solution SaTT alleged to Cointelegraph that a promotional airdrop it paid CMC to conduct in Dec. 2022 ended with 84% of the airdropped tokens funneling to just …

CoinMarketCap, a leading market researcher and tracker in the crypto industry, announced the launch of a new feature on its platform which allows users updated financial insights on exchanges. The proof of reserves (PoR) tracker audits active cryptocurrency exchanges in the industry for transparency on liquidity at a given moment. According to the announcement, the tracker details the total assets of the company, and its affiliated public wallet addresses, along with the balances, current price and values of the wallets. CoinMarketCap reports the PoR trackers will update data every 5 minutes. On Nov. 22 the company tweeted a guide for …

Terra (LUNA) rose to its best level to date on March 29 as the Luna Foundation Guard's (LFG) plans to increase its Bitcoin (BTC) reserves eased anxiety about the impact of an increasingly hawkish Federal Reserve and the ongoing Ukraine-Russia war on crypto markets. LUNA price hits new record high above $106 LUNA's price breached above the previous record high of $106.29 by minuscule margins, reversing the losses incurred during the selloff between December 2021 and January 2022. The latest price rally pushed Terra token's net capitalization crossed $37.17 billion, now making up 1.76% of the entire crypto market, compared …

CoinGecko, one of the largest cryptocurrency tracking websites in the world, has suffered a major glitch on Friday morning, with Bitcoin (BTC) mistakenly losing its position as the largest digital currency by market capitalization to a lesser-known altcoin. The list of top-valued cryptocurrencies on CoinGecko briefly went somewhat irrelevant, with the BTC market cap temporarily falling behind a token known as Relevant (REL). As of 07:20 am UTC, REL was mistakenly placed at the top of the most-valued cryptocurrencies on CoinGecko, with the market cap going insane at $6.5 septillion, or way more than all other assets in the world …

Late Wednesday, Twitter user @shibainuart reported that CoinMarketCap had removed three listed Shiba Inu (SHIB) addresses on the Binance Smart Chain (BNB), Solana (SOL), and Terra (LUNA) blockchains. Only the ERC-20 (ETH) SHIB token is visible on the site at the time of publication. A massive firestorm brewed on Twitter about three weeks prior after Shiba Inu developers alleged that "CoinMarketCap has knowingly listed three fake contract addresses for SHIB. Do not interact with these addresses as your funds will be irreversibly lost." Report: CoinMarketCap removes wormhole addresses from the Shiba Inu $SHIB page within their platform. Leaving only the …

Bloomberg analyst Mike McGlone is convinced Bitcoin is on track to reach $100K in 2022, as it completes its transition from a risk-on to risk-off asset. While the Fed is planning to raise interest rates in order to fight inflation, risk-on assets like crypto may suffer, as people would likley prefer to invest in fixed-income assets like bonds. While this trend may represent a short-term hurdle, McGlone said he is confident that Bitcoin will still appreciate significantly in 2022: “Bitcoin is in a unique phase, I think, of transitioning from a risk-on to risk-off global digital store of value, replacing …

Crypto traders experienced a moment of gush, followed by confusion, when a glitch caused several data aggregators to briefly display enormous gains for Bitcoin (BTC), Ether (ETH) and other cryptocurrencies. CoinMarketCap and several other price indexes showed the Bitcoin price closing to $900 billion as ETH has shown over $81 billion. The momentary glitch also impacted Cointelegraph’s price indexes. Hey @CoinMarketCap, you doing ok there buddy? pic.twitter.com/WfXwpSmURU — Cointelegraph (@Cointelegraph) December 14, 2021 Displayed numbers didn’t affect the trading prices on exchanges, and the platforms quickly solved the issue. CoinMarketCap explained on Twitter that the data provider is rebooting its …

Ethereum's native token Ether (ETH) has dropped by over 18% after establishing an all-time high around $4,867 on Nov. 10, now trading near $3,900. Nonetheless, the plunge has not deterred retail investors from buying the token in small quantities. According to data gathered by Glassnode — a blockchain analytics platform, the number of Ether addresses holding less than or equal to 0.01 ETH reached a record high level of 19.95 million on Dec. 4, the day ETH dropped to as low as $3,575 (data from Coinbase). Meanwhile, the number of Ethereum wallets with balances of at least 0.1 ETH also …

Ethereum's native token Ether (ETH) plunged alongside other cryptocurrencies on Dec. 4. Still, its move downside did not deter it from hitting a three-year high against Bitcoin (BTC), the world's leading crypto by market capitalization. The ETH/BTC exchange rate jumped a little over 11.50% to hit 0.0835 BTC for the first time since May 2018. The pair's price rally appeared in contrast to Ether's 15% price drop against the U.S. dollar on Saturday, which appeared in the wake of a market-wide selloff that saw Bitcoin plunging by as much as 21% intraday. The ETH vs. BTC "hedge" narrative emerges While …

SAND, the native token of the Sandbox — a blockchain-based gaming platform owned by Animoca Brands, inched higher on Tuesday, building on its gains made all across November, to reach another record high. SAND token price rose to $5.64 after swelling 16.25% intraday but retraced some of those gains to trade at $5.54 at the press time. The move took the Sandbox token's month-to-date (MTD) and year-to-date (YTD) gains to nearly 260% and over 14,700%, respectively, with its market capitalization crossing above $5 billion, making it the 41st-largest coin in the sector. Many catalysts behind the SAND price rally This …

Avalanche (AVAX) rose to a new price high on Nov. 18 and posted weekly gains after its developer, Ava Labs, entered a partnership with "Big Four" accountant firm Deloitte. The AVAX price reached a little over $110 after rising circa 16% week-to-date (WTD), with its circulated market cap hitting $23.76 billion, almost 0.93% of the total crypto market cap. In contrast, AVAX's top rival tokens, including Bitcoin (BTC) and Ether (ETH), fell by over 13% and 12.50% WTD, respectively. AVAX adoption FOMO AVAX picked its bullish cues from Deloitte's decision to use the Avalanche blockchain for building a disaster relief …

Solana (SOL) surpassed Cardano (ADA) and leading stablecoin Tether (USDT) to become the fourth-largest cryptocurrency by market capitalization. At press time, the net worth of total SOL tokens in circulation was a little over $76 billion, falling only behind Binance Coin's (BNB) $109 billion, Ether's (ETH) $540 billion, and Bitcoin's (BTC) $1.17 trillion. Meanwhile, Cardano and Tether's market cap came out to be $66.39 billion and $74.42 billion, respectively. $100M fund launch boosts SOL's bullish outlook Solana's market capitalization surged as its native token, SOL, rose to yet another record high. On Nov. 7, the SOL price crossed above $262 …