Moonbeam, a key player in the Polkadot ecosystem, experiences a 17% price increase ahead of its anticipated incentive program, which is expected to boost activity within the network. The upcoming Moonbeam Ignite program aims to distribute 12 million GLMR tokens, resulting in a 71% increase in token price over a week.
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Unmasking Crypto Safety: The Upbit Incident, Imposter Tokens, and Market Resilience
South Korean cryptocurrency exchange Upbit recently resumed Aptos (APT) transactions after a temporary suspension caused by counterfeit token infiltration. A fraudulent APT token named “ClaimAPTGift.com” infiltrated around 400,000 Aptos wallets, leading to some users selling these fake tokens. Upbit initiated a refund process for those affected and reinstated APT transactions after painstaking wallet checks.
Uniswap’s Integration with Moonbeam: Benefits and Challenges for the Decentralized Exchange
Uniswap crypto exchange is set to become available on Moonbeam, a Polkadot parachain, following a proposal by Blockchain at Michigan. The integration aims to increase volume and liquidity, offering benefits in terms of speed, security, and interoperability to Uniswap users, essential for the exchange’s continued growth and success.