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Layer-1 blockchain Kaia (KAIA) is dipping in price after abruptly gaining support from Binance, the world’s largest crypto exchange platform by trading volume. In a new announcement, Binance says it’s added the Ethereum Virtual Machine (EVM)-based digital asset to its suite of products starting on October 31st. “Binance is excited to announce that Kaia will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin.” News of the listing has not had an overwhelmingly positive impact on KAIA as the crypto asset saw a sudden decrease in price. KAIA went from a peak of $0.150 on October 31st to its current price of $0.136, a drop of 9.3%. According to Kaia’s official website, the smart contract platform aims to provide enterprise-grade performance and reliability while lowering fees and providing high-speed transfers. “Kaia blockchain aims to achieve immediate finality for transactions, provide ...

Bitget has announced the delisting of TokenFi (TOKEN), the token of an asset tokenization platform launched by Floki. The exchange accuses the team behind TOKEN of potential market manipulation and opaque vesting schedule. The price of TOKEN was $0.01806395 at the time of writing, having surged by 258% in the past 24 hours. Bitget has announced the delisting of TokenFi (TOKEN), the tokenization platform recently launched by the team behind the meme cryptocurrency Floki. The price of TOKEN on exchanges is currently $0.01806395, about 258% up in the past 24 hours. Bitget announced the listing of TokenFi on October 27. Why did Bitget delist TOKEN According to details in an announcement published on Tuesday, 0ctober 31, the decision to delist TOKEN relates to potential market manipulation by the project’s team. “ After the trading service of TokenFi (TOKEN) began, significant price fluctuations have been noticed. It was also found that the pro...

The New York financial regulator wants trading firms to clarify how exactly they decide to list or delist a crypto currency. The New York State Department of Financial Services (NYDFS) is set to introduce new guidance about crypto listing process for crypto companies in an effort to make it clear how the industry should self-regulate. A spokesperson for the NYDFS told The Wall Street Journal that the guidance was needed to protect customers even when exchanges have to delist a coin. “When we know that a coin that someone once thought was OK, when we see that new risks have emerged or the coin is being misused, we want our entities to have a way to delist the coin in a way that’s still protective of consumers and protects safety and soundness as well.” Adrienne Harris, NYDFS Superintendent The financial watchdog is particularly asking crypto companies to develop new policies for listing and delisting processes. The firms should focus their policies on three areas: go...

Immutable X (IMX), a layer-2 scaling solution on Ethereum, has risen by more than 15% after being listed on the South Korean exchange Upbit. Immutable X (IMX) experienced a remarkable price surge, with its token price leaping above $0.83, the highest level since May 6.  The catalyst behind this meteoric growth is the announcement of IMX’s listing on Upbit, one of South Korea’s leading crypto exchanges. Despite the broader market’s consolidation phase, IMX defied the trend. The trading of IMX on Upbit started at 4:00 UTC on July 28, with the exchange only accepting IMX deposits from the Ethereum (ETH) network. This significant development contributed to the token’s surge in value and strengthened its status as a powerful player in the crypto industry. You might also like: Fan tokens soar amid Upbit listing Another factor that further bolstered the value of IMX was the project’s strategic partnership with Helika Analytics. This alliance ...