Latest news with #ERC20
Yahoo
10-07-2025
- Business
- Yahoo
Why Shiba Inu Is Surging This Week
There is no obvious reason for the move. Bitcoin hit a new all-time high this week. The U.S. House of Representatives is gearing up for "Crypto Week." 10 stocks we like better than Shiba Inu › Since last Friday, the price of meme token Shiba Inu (CRYPTO: SHIB) traded nearly 10% higher, as of 11:48 a.m. ET Thursday. There's no obvious reason for the move, but a few things could explain it. The broader crypto sector is enjoying a nice week of gains. The price of Bitcoin, the world's largest cryptocurrency, hit a new all-time high above $112,000 per token. While Shiba Inu has struggled this year, it's historically moved with the broader crypto market, but usually with more volatility. This year has been more of a mixed bag, with tokens like Bitcoin flying, but other tokens like Ethereum down about 17% this year. Shiba Inu is an ERC-20 token, meaning it was built on Ethereum's network. Cryptocurrencies also may be rising this week in anticipation of the so-called "Crypto Week," which is being hosted by the U.S. House of Representatives starting on July 14. Next week, the House will take up three large crypto bills, including the Clarity Act, which would create a regulatory foundation for cryptocurrencies; the Genius stablecoin bill; and the Anti CBDC Surveillance State Act, which would bar the Federal Reserve from creating and issuing its own digital currency. Since launching in 2020, Shiba Inu has experienced immense success and is now the 19th-largest cryptocurrency in the world, with a roughly $7.3 billion market cap. Shiba Inu has always thrived due to virality and the powerful community it has built on social media. The creation of the Shibarium Layer-2 solution on Ethereum's network to ease congestion and lower gas fees gives the token more legitimacy, but I still don't see a great use case for Shiba Inu or any fundamental advantage. The token remains volatile, and I'd recommend steering clear for now. Before you buy stock in Shiba Inu, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Shiba Inu wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $694,758!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $998,376!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Bram Berkowitz has positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has a disclosure policy. Why Shiba Inu Is Surging This Week was originally published by The Motley Fool
Time Business News
18-06-2025
- Business
- Time Business News
Launching on Binance Smart Chain: BEP20 Token Development
Let's talk in numbers – over 4.8 million BEP20 tokens have been deployed on the Binance Smart Chain. Surprising, right? And what's more surprising is that the number keeps growing fast. Do you know why? Because BSC makes token creation faster, cheaper, and easier than Ethereum. While most people consider BEP20 token development a simple task, there's more to it than just copy-pasting some code. You must understand the basics, avoid costly mistakes, and ensure your token is secure. In this blog, we'll be talking about everything you need to know about launching a BEP20 token on BSC, such that you go from 'I have an idea' to 'My token is live.' Let's get started! BEP20 is the token standard used on the Binance Smart Chain (BSC). It is designed to extend Ethereum's ERC20 functionality with faster and more affordable transactions. You can consider it the BSC version of ERC20, which is optimized for speed and cost-efficiency. BEP20 tokens can represent anything from stablecoins and utility tokens to NFTs and governance assets. They are fully compatible with the Ethereum Virtual Machine (EVM), which means that developers can easily migrate or integrate existing dApps with minimal changes. These tokens follow a strict set of rules, such as how they are transferred, who owns them, and how balances are tracked. Now, let's explore some of the key benefits of developing tokens on the BSC platform! High Transaction Speed & Low Fees One of the main features of BEP20 tokens is their great transaction speed and low fees. BSC is known to process its transactions quickly and efficiently, which is only at a fraction of the cost of Ethereum. This makes BEP20 tokens a cost-effective option for projects that require handling huge chunks of transaction data. Interoperability with Other Networks BEP20 tokens benefit from the interoperability that is offered by the BSC blockchain network. It is compatible with Ethereum's ecosystem, which means that BEP20 tokens can easily interact with Ethereum-based applications and services. This opens the door for a wide range of opportunities for integration and collaboration within the blockchain ecosystem. We can say that BEP20 tokens are a more eco-friendly option than other tokens available. The consensus mechanism of BSC is designed to be more energy efficient than the traditional PoW system, which results in a lower carbon footprint. This makes BEP20 tokens a better option for projects that are looking to minimize their environmental impact. Smart Contract Functionality BEP20 utilizes the smart contract functionality, which allows for quick, automated, and programmable transactions. It allows for a wide range of functionalities, such as complex financial agreements, quick token transfers, and more. This helps developers to create quicker solutions and boost the functionality of the tokens. Security plays an important role in cryptocurrency, and BEP20 tokens offer robust protection through BSC's secure infrastructure. It utilizes a PoS mechanism and regularly conducts security audits, which protect tokens against vulnerabilities and fraud. This makes sure that the BEP20 tokens are secure and gives users a sense of confidence. The BSC ecosystem is supported by a vibrant community and an ever-growing number of DEXs. This community increases engagement and DEX support, which provides valuable resources and opportunities for the projects in this space. Now, let's talk about the essential steps you must follow while creating BEP20 tokens! Step 1: Define Your Token's Purpose & Parameters The first and most important step is to define the token's intended use and attributes. Clear out whether it will be a governance token, utility token, or other token. Also, choose its name, symbol, and total quantity. Step 2: Establish Your Development Environment Next, you must create an appropriate token development environment to build the BEP20 token. Install and set up MetaMask or any other wallet that is compatible with the BSC blockchain. Also, acquire BNB, which is the native coin that the BSC network uses as its transaction fees. Step 3: Create the Smart Contract on Testnet Next, you need to create the code for the smart contract that will define how your token will behave. In this step, you must ensure that your smart contract complies with the BSC blockchain and contains all essential features. If you are a newbie in this field, consider partnering with a well-established smart contract development company. Step 4: Test the BEP20 Token on Testnet Testing is one of the most important steps you need to consider while developing BEP20 tokens. Release your BEP20 token on the BSC testnet, which is a dummy network that is a copy of the mainnet. Conduct thorough testing and check if everything works as intended. Step 5: Conduct a Final Review Before the Mainnet Launch We are almost on the verge of completing BEP20 token development. But, before you launch it on the mainnet, you need to conduct an in-depth review of the token. This could help you identify minor mistakes or bugs that need to be fixed. Since the code becomes unalterable, checking plays an important role. Step 6: Deploy the Token on Mainnet Once everything is checked, deploy your BEP20 token onto the BSC mainnet. Next, connect your wallet and send the deployment fees. This will make your token official, and users can use it. So, there you have it! Be it you are looking to launch your own crypto project or integrate a token into your app, creating a BEP20 token on Binance Smart Chain is a smart move. It is fast, cost-effective, and has a growing user base. But let's be real – while the process might seem easy, building a secure, efficient, and successful token takes experience and technical know-how. That's where Coin Developer India comes in! Known as the best BEP20 token development company, they can help you build and launch your token seamlessly. They are a team of blockchain experts who understand the technology, the market, and, most importantly, your vision. Reach out to them and bring your token to life! TIME BUSINESS NEWS
Associated Press
10-05-2025
- Business
- Associated Press
MyStonks Launches Industry-Leading On-Chain U.S. Stock-Token Marketplace with 100% Custody Backing
NEW YORK, May 10, 2025 /PRNewswire/ -- a decentralized trading platform, announced the official launch of a fully custody-backed, on-chain U.S. stock token marketplace in the crypto industry. Cryptocurrency users can purchase U.S. stocks on MyStonks. Global asset management giant Fidelity provides custodial services for platform users, with an initial custody asset total of $50 million. MyStonks has successfully established a complete operational cycle that links U.S. stock assets under Fidelity Custody to the Base blockchain for token minting and burning. Users can initiate purchases of Stonks100 stock tokens on MyStonks by transferring USDC or USDT from their self-custodied crypto wallets. Upon confirmation, MyStonks converts these stablecoins into USD and purchases the corresponding stock shares. These are then tokenized 1:1 into ERC-20 tokens via Base smart contracts. For example, when buying Apple shares, users receive AAPL.M tokens minted by representing the exact number of shares held. Token pricing utilizes Chainlink oracles. If users wish to redeem their stock tokens, they can initiate a sell request for AAPL.M or other supported assets directly from their wallets. MyStonks will then convert the tokens back into stablecoins and burn the equivalent tokens in a 1:1 ratio. To ensure the security of user assets, MyStonks has partnered with Fidelity, which provides custody services (Fidelity Custody) for platform users' U.S. stock holdings. According to a custodial statement dated April 29, 2025, Fidelity Custody holds over $50 million in U.S. equities ($50,473,199.00) on behalf of MyStonks Holding Limited. The initial batch of 95 tokenized equities includes major names such as AAPL, AMZN, DIS, GOOGL, META, MSFT, NFLX, and NVDA, each of which is mirrored on-chain by its respective token. A representative from MyStonks explained that when users purchase U.S. stock tokens on the platform, the corresponding stocks are managed by Fidelity Custody, ensuring the authenticity, compliance, and auditability of assets. Through integration with Fidelity Custody's infrastructure, MyStonks has achieved a seamless connection between on-chain tokens and off-chain stock assets. As a trusted institution in TradFi, Fidelity plays a key role in safeguarding asset security and compliance, making it an important partner for MyStonks in the tokenization of stock trading. Additionally, MyStonks has upgraded its on-chain trading security and user experience. When users initiate buy or sell orders, the platform executes the corresponding operations on the blockchain, including cross-chain asset management, real stock transactions, and the minting or burning of tokens. The entire process is transparent, traceable, and decentralized, enabling users to purchase U.S. stocks in a fully digital and tokenized manner. All trading operations are governed by smart contracts to ensure immutability and auditability. A Decentralized Identity System (DID) safeguards account uniqueness and prevents fraudulent transactions. Core smart contracts have undergone security audits and are modularly designed to isolate risk. According to off-chain fund transfers require multisignature (multisig) wallet authorization to avoid single points of failure. Cross-chain asset movements are executed through audited protocols. Additional protections include a time-lock mechanism for transaction confirmation and HTTPS/HSTS enforcement for frontend encryption. New user experience upgrades include support for on-chain limit orders, improved wallet connectivity, a refined user account dashboard, and optimized UI layouts. 'The launch of the Stonks100 tokenized U.S. stock marketplace marks an important milestone in our ongoing journey of innovation. As we continue to expand access to tokenized equities, our focus remains on offering secure, professional, and transparent trading infrastructure. We believe MyStonks users and our global community will grow alongside us as we push the boundaries of decentralized finance,' a representative said. About is a decentralized crypto asset trading platform born out of a Community Takeover (CTO) effort by the Stonks community. It is an industry-leading platform to offer fully custody-backed, 1:1 tokenized U.S. equities on-chain. MyStonks aims to become the decentralized 'NASDAQ' of the crypto world—supporting new token projects and reshaping the DeFi landscape for healthier market growth. About the Stonks Community The Stonks community draws inspiration from the GameStop ($GME) movement and the ethos of crypto resistance. The rallying cry: FIGHT! HODL! Whitepaper: Fidelity Custody Report: Media Contact: Email: [email protected] View original content: SOURCE
