Dfinity's ICP token sees violent first day of trade on major exchanges
Dfinity’s “Internet Computer” tokens are finally tradable after five years in the making. The launch of the Internet Computer utility token has seen a wild first day of trading after its long-awaited debut on exchanges.The ICP token from Dfinity was listed on Coinbase Pro and several leading exchanges including Binance, Huobi Global, and OKEx on May 11.Over four hours, prices for the newly launched token have swung from an early intraday high of $700 down to $250, before recovering 70% over 10 hours to trade for $425 at the time of writing. Coingecko estimates $1.8 billion worth of ICP....
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Dfinity Foundation’s Internet Computer blockchain has welcomed its first decentralized exchange named Sonic. The first decentralized exchange on the Dfinity Foundation’s Internet Computer blockchain went live this week, following up on the recent release of a new whitepaper. And according to information shared with Cointelegraph, there are already two other exchanges in the works. The first version of the new DEX called Sonic launched to mainnet on Sunday. There are initially only three pools for token swaps using its native token Internet Computer Protocol (ICP): InterICP/WICP (wrapped....
The long-awaited rebound came as the community accused the Internet Computer team of dumping $6 billion worth of ICP tokens. Internet Computer (ICP) rose to spotlight among day-traders after rising 41.69% on Sunday.The ICP/USD exchange rate closed the session at $42.98 after correcting lower from its intraday high of $45.01. At its quarter-to-date low, the pair was trading at $28.31. Meanwhile, on Monday, it surged to a new intraday high of $47.63. Therefore, its latest rebound returned as much as 68.27% in paper profits.Internet Computer's ICP logged its best one-day performance on....
Kraken today will become one of the first major international exchanges to trade DAO tokens — and users will be able to trade directly between DAO and five different fiat currencies. The exchange will begin trading around 12pm UTC (7am EST) on Saturday, May 28, just hours after DAO tokens themselves become transferable. As well as the five major trading....
Dfinity Foundation has dragged Facebook’s parent company, Meta, to court for using an infinity symbol as its logo. Was it deliberate? Or, was Facebook – now rebranded to Meta – just too lazy to do its homework and verify if the logo it used for its modified entity was already taken. Well, it doesn’t matter […]
The slated integrations with Bitcoin and Ethereum would displace the need to use a bridge, which can open the network up to malicious actors. The Internet Computer has released a roadmap for 2022 and beyond, indicating plans to roll out integrations with Bitcoin and Ethereum by the end of the year. The Internet Computer is a public blockchain and protocol that allows developers to install smart contracts and decentralized applications (DApps) directly on the blockchain. It was incubated and launched in May 2021 after years of development by Dfinity — a nonprofit based in Zurich.The #ICP....