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1inch(1INCH)

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$0.534227
(0.57%)
0.00000854 BTC
Market Cap (Rank#132)
$610,925,614
9,763 BTC
Vol 24h
$37,517,994
599.544 BTC
Circulating Supply
1,143,568,546.40
Max Supply
1,500,000,000
35 days agocryptodaily
1inch Network Screens Millions Of Wallets To Strengthen Security
Decentralized finance (DeFi) platform 1inch has screened millions of wallets for Anti-Money Laundering (AML) risks since 2022.
46 days agocryptopotato
1inch Soars with $30B Volume, Secures 64% of Ethereum DEX Aggregator Market: Report
1inch is currently operating on Ethereum, Arbitrum, Optimism, Polygon, zkSync Era, among other networks.
95 days agocointelegraph
$750M in locked crypto tokens to be released by December
DYdX, Optimism, 1inch and Aptos are expected to release over $750 million in locked tokens by December, according to data tracker Token Unlocks.
105 days agocryptonomist
1Inch launches its crypto wallet and simplifies monitoring activities for its users
1Inch's wallet ushers in an era of cryptocurrency simplicity and homogeneity
106 days agocryptodaily
Upcoming Unlocks Can Significantly Shake Ground For These Altcoins – 1inch Network (1INCH), Apecoin (APE), dYdX (DYDX), Avalanche (AVAX)
Explore the potential impact of upcoming token unlocks on the market dynamics of prominent altcoins such as 1inch Network (1INCH), Apecoin (APE), dYdX (DYDX), and Avalanche (AVAX). This insightful analysis provides a deep dive into how these events could affect investor sentiment, market volatility, and the overall future trajectory of these digital assets.
185 days agocryptodaily
1inch Investment Fund Acquires $10m in $ETH
Blockchain data indications have revealed that 1inch Investment Fund, the investment arm of 1inch Network, recently acquired acquired a substantial amount of Ether (ETH) on itscrypto wallet. The purchase, which amounts to 6,088 ETH bought at a price of $1,655 each, translates to an investment exceeding $10 million at the time of purchase. Blockchain analytics platform Lookonchain first highlighted this large transaction, drawing attention to the fund's continued interest in the crypto market. 1inch Investment Fund wallet spent $10M to buy 6,088 $ETH at $1,655 6 hrs ago.The wallet bought a total of 17K $ETH($26.8M) at an average price of $1,569 on Jan 13, Feb 9 and Mar 14.Then sold 11K $ETH($21M) at $1,906 on July 5, making ~$3.7M.https://t.co/QhEm3M9Mm7 pic.twitter.com/JUxzA8hFom — Lookonchain (@lookonchain) August 28, 2023 The investment comes on the heels of a profitable period for the 1inch-affiliated wallet. Earlier this year, the wallet had made sizable investments inETH, buying around 17,000 ETH at an average price of $1,569 across three different instances—January 13, February 9, and March 14. The cumulative spend for these earlier investments was approximately $26.8 million. In July, the fund took advantage of favorable market conditions and sold off 11,000 ETH when the cryptocurrency's price peaked at $1,906. This sale resulted in a revenue of roughly $21 million, thereby fetching a profit of around $3.7 million from its Ether holdings alone. According to blockchain data, this calculated approach to buying low and selling high has paid off well for the fund. The acquisition and sale pattern indicates a strategic investment approach that appears to rely on dollar-cost averaging (DCA) and taking profits when market conditions are optimal. It also showcases the fund's risk diversification tactics, as the wallet reportedly holds a broad range of digital assets currently valued at around $80 million. Such portfolio diversification is often seen as a prudent strategy in the volatile cryptocurrency markets. The fund's recent actions raise pertinent questions about its future investment orientation and whether it will continue to realize profits through similarly strategic engagements in the cryptlo markets. This acquisition is not merely a one-off purchase but also offers broader insights into market behavior and sentiment. Given that Ethereum is one of the main blockchains and cryptocurrencies that often influences and reflects market dynamics, such large-scale buying activity suggests a level of confidence in the digital asset’s future performance. Disclaimer: This article is for informational purposes only and should not be construed as financial or investment advice.
185 days agocryptodaily
1inch Investment Fund Acquires $10m in $ETH
Blockchain data indications have revealed that 1inch Investment Fund, the investment arm of 1inch Network, recently acquired acquired a substantial amount of Ether (ETH) on itscrypto wallet. The purchase, which amounts to 6,088 ETH bought at a price of $1,655 each, translates to an investment exceeding $10 million at the time of purchase. Blockchain analytics platform Lookonchain first highlighted this large transaction, drawing attention to the fund's continued interest in the crypto market. 1inch Investment Fund wallet spent $10M to buy 6,088 $ETH at $1,655 6 hrs ago.The wallet bought a total of 17K $ETH($26.8M) at an average price of $1,569 on Jan 13, Feb 9 and Mar 14.Then sold 11K $ETH($21M) at $1,906 on July 5, making ~$3.7M.https://t.co/QhEm3M9Mm7 pic.twitter.com/JUxzA8hFom — Lookonchain (@lookonchain) August 28, 2023 The investment comes on the heels of a profitable period for the 1inch-affiliated wallet. Earlier this year, the wallet had made sizable investments inETH, buying around 17,000 ETH at an average price of $1,569 across three different instances—January 13, February 9, and March 14. The cumulative spend for these earlier investments was approximately $26.8 million. In July, the fund took advantage of favorable market conditions and sold off 11,000 ETH when the cryptocurrency's price peaked at $1,906. This sale resulted in a revenue of roughly $21 million, thereby fetching a profit of around $3.7 million from its Ether holdings alone. According to blockchain data, this calculated approach to buying low and selling high has paid off well for the fund. The acquisition and sale pattern indicates a strategic investment approach that appears to rely on dollar-cost averaging (DCA) and taking profits when market conditions are optimal. It also showcases the fund's risk diversification tactics, as the wallet reportedly holds a broad range of digital assets currently valued at around $80 million. Such portfolio diversification is often seen as a prudent strategy in the volatile cryptocurrency markets. The fund's recent actions raise pertinent questions about its future investment orientation and whether it will continue to realize profits through similarly strategic engagements in the cryptlo markets. This acquisition is not merely a one-off purchase but also offers broader insights into market behavior and sentiment. Given that Ethereum is one of the main blockchains and cryptocurrencies that often influences and reflects market dynamics, such large-scale buying activity suggests a level of confidence in the digital asset’s future performance. Disclaimer: This article is for informational purposes only and should not be construed as financial or investment advice.
185 days agocryptopotato
1inch Wallet Acquires $10 Million Worth of ETH: Data
Ether's accumulation trend has been on a rise despite price hovering below $1,700.
186 days agocointelegraph
1inch wallet buys $10M in ETH following a $3.7M profit streak in July
The crypto wallet wallet linked to 1inch Investment Fund currently holds around $80 million in various digital assets.
188 days agocryptopotato
DEX Aggregator 1inch Debuts on Coinbase’s Base Blockchain
Base currently has over $191 million in TVL.
196 days agonulltx
Three Cryptocurrencies Backed by Market Analysis – 1inch, Stacks and Pomerdoge
Analysts are consistently on the lookout for high-growth projects that can dominate the industry. Out of the thousands of altcoins available, three have stood out, and these include 1inch (1INCH), Stacks (STX), and Pomredoge (POMD). We will be going over their analytical data to see why this has been the case. Summary 1inch crypto to […]
200 days agocryptodaily
Key Cryptocurrencies To Watch Closely – 1inch (1INCH), Nexo (NEXO
There are gems of tokens that have been overshadowed by bigger, well-established tokens. However, we'll be highlighting some of these lesser-known tokens that have shown significant growth potential. They include Nexo (NEXO), Pomerdoge (POMD), and 1inch (1INCH) tokens. Click Here To Find Out More About The Pomerdoge (POMD) Presale Key Cryptocurrencies To Watch Closely – 1inch (1INCH), Nexo(NEXO), and Pomerdoge (POMD) The once bearish trend experienced by the 1inch (1NCH) token has flattened and it is looking set to go on a bullish rally. This is evident in the stats that show that it has seen a slight move towards a positive price action after suffering a 2.45% loss in price value in the last 7 days. 1INCH currently trades at $0.30 with a 24-hour trading volume of $14 million. After falling to an all-time low of $0.25 on June 15, 2023, 1inch is bouncing back at the moment, with the coin gaining 3% in the last 30 days. Crypto price prediction platforms have projected that 1inch could exceed the $0.5 benchmark very soon. Right now, analysts reckon that 1 inch is on the right track to surge in the coming days and weeks. Investors Confident in the Resurgence of Nexo (NEXO) Despite Current Dip in Price Notwithstanding the ongoing declining price action of the Nexo (NEXO) token, investors and analysts are confident that the token will rally anytime soon. For context, It has lost 1.93% in price value in the last 24 hours and trades at $0.63 as of the time of writing. However, the trading volume of Nexo in the last 24 hours shows that the market activity of the token gained 8.88% to see a market return of over $1.90M. A further look at the price chart shows that Nexo is 3.69% better off in price value than it was in the last 30 days and has only lost 0.58% of its price value in the last 7 days. As such, Nexo may well be a shrewd investment option. Most crypto price prediction platforms already predicted that Nexo will hit the $1 benchmark in the year. If the coin breaks the current resistance level, we could witness a rally very soon. Pomerdoge (POMD) Surges As More Investors Buy Into the Presale Pomerdoge (POMD) has been consistently on an upward trajectory since its presale phase started. Pomerdoge is a P2E gaming platform where individuals from around the globe can connect and network with each other while engaging in healthy digital gaming competitions. Currently, Pomerdoge is rewarding presale investors with the chance to exclusively own part of the 7,777 NFTs that'll be minted on the platform. Moreso, presale investors will earn a percentage of the revenue generated from the Pomergame platform - a platform under the Pomerdoge ecosystem. The revenue will be distributed based on the number of POMD tokens users have in their accounts. Anyone can become a presale investor and enjoy these benefits. All you have to do is buy the Pomerdoge tokens now at the price of only $0.008. The Pomerdoge project has been vetted by SolidProof and Cyberscope. The token's liquidity will be locked for life as a security measure for investors' assets. There are concrete reasons to believe in the promising investment opportunity presented by Pomerdoge. Find out more about the Pomerdoge (POMD) Presale Today Website: https://pomerdoge.com/ Telegram Community: https://t.me/pomerdoge Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
200 days agocryptodaily
Key Cryptocurrencies To Watch Closely – 1inch (1INCH), Nexo (NEXO
There are gems of tokens that have been overshadowed by bigger, well-established tokens. However, we'll be highlighting some of these lesser-known tokens that have shown significant growth potential. They include Nexo (NEXO), Pomerdoge (POMD), and 1inch (1INCH) tokens. Click Here To Find Out More About The Pomerdoge (POMD) Presale Key Cryptocurrencies To Watch Closely – 1inch (1INCH), Nexo(NEXO), and Pomerdoge (POMD) The once bearish trend experienced by the 1inch (1NCH) token has flattened and it is looking set to go on a bullish rally. This is evident in the stats that show that it has seen a slight move towards a positive price action after suffering a 2.45% loss in price value in the last 7 days. 1INCH currently trades at $0.30 with a 24-hour trading volume of $14 million. After falling to an all-time low of $0.25 on June 15, 2023, 1inch is bouncing back at the moment, with the coin gaining 3% in the last 30 days. Crypto price prediction platforms have projected that 1inch could exceed the $0.5 benchmark very soon. Right now, analysts reckon that 1 inch is on the right track to surge in the coming days and weeks. Investors Confident in the Resurgence of Nexo (NEXO) Despite Current Dip in Price Notwithstanding the ongoing declining price action of the Nexo (NEXO) token, investors and analysts are confident that the token will rally anytime soon. For context, It has lost 1.93% in price value in the last 24 hours and trades at $0.63 as of the time of writing. However, the trading volume of Nexo in the last 24 hours shows that the market activity of the token gained 8.88% to see a market return of over $1.90M. A further look at the price chart shows that Nexo is 3.69% better off in price value than it was in the last 30 days and has only lost 0.58% of its price value in the last 7 days. As such, Nexo may well be a shrewd investment option. Most crypto price prediction platforms already predicted that Nexo will hit the $1 benchmark in the year. If the coin breaks the current resistance level, we could witness a rally very soon. Pomerdoge (POMD) Surges As More Investors Buy Into the Presale Pomerdoge (POMD) has been consistently on an upward trajectory since its presale phase started. Pomerdoge is a P2E gaming platform where individuals from around the globe can connect and network with each other while engaging in healthy digital gaming competitions. Currently, Pomerdoge is rewarding presale investors with the chance to exclusively own part of the 7,777 NFTs that'll be minted on the platform. Moreso, presale investors will earn a percentage of the revenue generated from the Pomergame platform - a platform under the Pomerdoge ecosystem. The revenue will be distributed based on the number of POMD tokens users have in their accounts. Anyone can become a presale investor and enjoy these benefits. All you have to do is buy the Pomerdoge tokens now at the price of only $0.008. The Pomerdoge project has been vetted by SolidProof and Cyberscope. The token's liquidity will be locked for life as a security measure for investors' assets. There are concrete reasons to believe in the promising investment opportunity presented by Pomerdoge. Find out more about the Pomerdoge (POMD) Presale Today Website: https://pomerdoge.com/ Telegram Community: https://t.me/pomerdoge Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
212 days agonulltx
Microsoft AI Chooses 1inch, Hedera, and Pomerdoge As Best Cryptocurrencies Transforming Industries
Microsoft AI has analyzed various cryptocurrencies and identified three standout projects that are poised to transform industries – 1Inch (1INCH), Hedera (HBAR), and Pomerdoge (POMD). Today, we will explore why it has chosen them as the cryptocurrencies to bring advancements in their respective sectors. Summary: 1Inch seen as an essential player in the financial landscape […]
224 days agocryptodaily
Unleashing the Potential of Web3: MetaBlox and its User-Centric Network Revolution
Decentralized Identifiers (DIDs) possess immense potential to reshape the future landscape of the internet, ushering in a revolutionary approach to verifying our digital identities. The path to achieving this transformation remains ambiguous as we witness the emergence of Web3, a paradigm shift from platform-centric to user-centric networking. The crucial aspect of a user-centric network lies in users defining their identities and determining the information they wish to share with others. After years of unwavering dedication, the MetaBlox team has released a breakthrough protocol that uses DIDs to provide a decentralized groundwork for creating a user-centric network. The team is diligently working to build the foundation for a web3 user-centric network that can support web3 native apps. The MetaBlox Network mobile app represents a major step toward this lofty goal. With this software, users may take the first necessary step toward gaining access to a Free Privacy Protected WiFi Network by registering a DID and automatically uploading it to the blockchain and, in the process, earn mPoints that can be used on the further development of the network. The platform has a lot of benefits that make it stand out. First and foremost, the team believes that the most compelling aspect of MetaBlox is that it is a user-centric network supported by a rewarding system for its users and builders. MetaBlox hopes to model itself after the prosperous Web 2.0 period, during which prominent corporations gave away their services for free to demonstrate the efficacy of their monetization schemes. In Web 3.0, MetaBlox seeks to replicate this prosperity with a significant distinction. Instead of profits accruing solely to private entities, MetaBlox positions itself as a decentralized solution, enabling users and network maintainers to reap the rewards. Unlike the Helium Network, which employs LORA technology, MetaBlox operates as a WiFi Network, affording the bandwidth necessary to accommodate many users, thus substantially expanding monetization opportunities for all stakeholders involved. Powering the User-Oriented Web3: MetaBlox's OpenRoaming Initiative and Decentralized Connectivity MetaBlox's decentralized OpenRoaming WiFi Network made great strides toward creating a user-oriented Web3. Several major Web3 investment businesses and organizations contributed over $2 million to the initiative. The OpenRoaming Network expanded the worldwide WiFi network by deploying hundreds of MetaBlox Miners as blockchain nodes, allowing for secure, password-free, automated connections using Decentralized Identifiers (DIDs). To create an OpenRoaming network with over a million access points, MetaBlox collaborated with the Wireless Broadband Alliance (WBA). The WBA Wireless Global Congress also saw a successful demonstration of their technology. Users may now create their own WiFi OpenRoaming profiles and have access to Web3 capabilities with the newly released software. Notably, MetaBlox teamed up with other initiatives such as Harmony, Caldance, Memolabs, and Deeper Network to accomplish its goals. MetaBlox Network's Blockchain Integration for DeFi, GameFi, and NFTs MetaBlox Network uses blockchain technology to improve the quality of its products and services significantly. Because of Blockchain technology, users' hotspot routers may double as crypto miners, earning them tokens in exchange for giving WiFi access. With this decentralized deployment approach, MetaBlox Network can steadily increase its worldwide presence and reach as an incentive for network development. In addition, combining the MetaBlox Network with blockchain technology unleashes many novel possibilities. Decentralized finance (DeFi) platforms, game finance (GameFi) ecosystems, and NFT markets may all be accessed confidentially and safely by users. Individuals may make money with digital assets by participating in farming and staking activities on DeFi networks. At the same time, the system provides unhindered entry to the increasing universe of GameFi and Play-to-Earn games, with strong security provided by blockchain-held credentials in place of the more archaic passwords. MetaBlox Network was developed in response to the rapidly growing NFT sector, and it provides users with simple access to NFT markets and wallets by use of their DIDs. The firm has established its collection of utility-based NFTs, seen on major platforms like OpenSea, as evidence of its dedication to the blockchain ecosystem. MetaBlox Network aims to offer a genuinely user-centric experience that adapts to the new digital environment by integrating Web3, the Metaverse, 5G rollout, DeFi, and DID-based technologies. MetaBlox's $MBLX Token and Its Role in Decentralized Network Development MetaBlox is hard at work creating a user-focused, open, and free system for anyone who wants to use it. To encourage the development of a native Web3 network, which is in accordance with this goal, the $MBLX token has been introduced. Businesses that want to sell goods or provide services inside the MetaBlox ecosystem are the primary target users of the $MBLX token. These companies actively contribute to developing decentralized ownership inside the next generation of wireless networks by earning and using $MBLX tokens. The $MBLX token's main benefit over competing tokens is that it was made with Web3 users' insatiable curiosity about the platform's features in mind. These customers can take advantage of all the Web3 ecosystem offers once they adopt $MBLX. MetaBlox's Founding Members and Their Remarkable Technological Achievements The first MetaBlox team mostly comprises employees from the leading organizations that make up the alliance's founding members, which are located in North America and Asia. These businesses focus on developing and implementing state-of-the-art technologies, including blockchain, IoT, Telco, AI, and financial services. The alliance members range from large, publicly traded corporations to small, innovative startups, but they all have one thing in common: a desire to build a Web3 network that puts users' wants and needs first. The founding coalition has made great progress and accomplished outstanding feats during the previous four years. They collaborated with the Canadian federal government on the first blockchain program, among other pioneering endeavors. Further distinguishing themselves, they were the first group to combine blockchain technology with eSIM and Bluetooth chips. It's worth noting that the alliance members are active contributors to the Decentralized ID Foundation. This shows their dedication to spreading the use of decentralized identification systems. WiGig is a broadband version of WiFi, and the alliance members are among the few businesses in the world that have access to this technology. Their proficiency with WiGig technology enables them to provide reliable and fast wireless network options. Their work in the development of AI is another significant achievement of the original alliance members. They are pioneers in AI edge computing, having designed and produced one of the earliest system-on-a-chip (SOC) devices. This technological advancement provides high-performance and smart computing capabilities at the network's periphery, allowing for instantaneous data processing and analysis. Members of the alliance have made significant investments in several high-profile initiatives throughout the decentralized finance (DeFi), gaming finance (GameFi), and non-fungible token (NFT) spaces, demonstrating their commitment to the development of these industries beyond just technological means. Investing in promising startups like 1inch and Axie Infinity demonstrates their dedication to fostering growth and development in the nascent blockchain industry. Final Thoughts The advent of Decentralized Identifiers (DIDs) has the potential to reshape the future of the internet by revolutionizing the way we verify our digital identities. As Web3 emerges, shifting from platform-centric to user-centric networking, the MetaBlox team has made remarkable progress in developing a protocol that leverages DIDs to establish a decentralized foundation for a user-centric network. Their commitment to building a web3 native network that supports user-centric applications is evident in the MetaBlox Network mobile app. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
226 days agocoindesk
1Inch Token Balance on Centralized Exchanges Surges to $65M
The balance held in wallets tied to centralized exchange has surged by 50% in three days, per Glassnode data.
227 days agocryptodaily
The altcoins that moved today
With bitcoin flat and slightly down on the day, the same could be said of the altcoins, with the exception of just a few. A flat bitcoin Bitcoin remains in its sideways accumulation as it has done for the last three days. The market is waiting for that next big move, and whether this is to the upside or the downside is still to be decided. The fact that the king of the cryptocurrencies made another higher high is all to the good, and even if there is a dip to $28,000 or thereabouts a higher low will have easily been put in. Others.D The high end of the crypto market has had a flat day so far, but this is not the case for certain altcoins lower down. The Others.Dominance chart is the market cap of cryptos excluding the top ten cryptocurrencies. This chart is 13.3% up for the day so far compared with slightly negative percentages for other Total market caps. So with such a good move to the upside for this section of the market, which were the alts that made the most percentage gains? $SUSHI Sushi ($SUSHI), one of the main competitors to Uniswap, has put on 11.9% thus far. A double bottom looks to have been found at $0.48, and today’s rise to $0.76 has met $0.80 but has since returned to hopefully flip resistance into support at $0.76. $CELO Celo ($CELO), the mobile, carbon negative, EVM-compatible blockchain ecosystem has also risen just over 11% up to now. The decent move upwards here is probably due to the announcement that Celo devs will migrate the blockchain from a layer1 to a layer2-based on OP stack, improving security and bringing more use cases to ethereum. Celo has found its own double bottom which fell as far as $0.34. An uptrend has still not formed, but a range between $0.41 and $0.91 is currently being adhered to. $1INCH 1inch ($1INCH), another decentralised swaps exchange like Sushi and Uniswap, was perhaps the biggest mover of the day, reaching $0.59, which equated to a 36.8% rise before retracing nearly all of those gains back down at $0.43. This surge came on the back of a 29% growth over the previous two days, so perhaps traders decided to take profits on this one. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
228 days agocoindesk
1inch Token Surges 58% as Daily Trading Volume Spikes to 20-Month High; Investor Moves $3.7M to Binance
The native token of decentralized exchange (DEX) aggregator 1inch (1INCH) has risen by more than 30% in the past 24-hours as trading volume hit $597 million, its highest level since October, 2021.
228 days agocryptopotato
1INCH Skyrockets 45% Daily, Bitcoin Stagnates Above $30K: Market Watch
1inch Network's native token has soared 45% daily and 90% weekly.
256 days agocryptodaily
Crypto Community Donates $1 Million To ZachXBT Following Lawsuit
The crypto community has rallied behind respected blockchain sleuth ZachXBT just days after disclosing a lawsuit related to a previous investigation. Donations to ZachXBT have poured in from across the crypto community and have crossed over $1 million so far to help fund his legal defense. Donations Pour In Following the disclosure of the lawsuit, the blockchain sleuth posted a digital wallet address on his official Twitter handle, along with details of the lawsuit filed against him by Jeffrey Huang. Huang is a Taiwanese-American musician and tech entrepreneur. ZachXBT described the lawsuit as troubling and called it a “David and Goliath” story. “It’s unfortunate I have to make this thread, but I am being sued by MachiBigBrother for an article I published in June 2022. Today Machi filed a defamation lawsuit. The lawsuit is baseless and an attempt to chill free speech. I intend to fight back & defend free speech.” ZachXBT noted that his legal expenses could cost more than $1 million. However, in an example of how tight-knit the crypto community is, donations poured in, and within a day, ZachXBT’s donation wallet accumulated digital assets worth beyond the stated goal. According to Nansen Portfolio, a majority of donations primarily consisted of stablecoins. ZachXBT added that any leftover funds would be returned back to the donors on a pro-rata basis. “I am creating a donation address to assist with legal costs associated with the defense of this matter, which could easily exceed $1m USD. All leftover funds will be returned on a pro-rata basis to contributors.” Currently, the wallet contains over $650,000 worth of USDC, $274,000 worth of Tether, and several other cryptocurrencies, such as Ethereum (ETH) and Polygon (MATIC). Prominent Names Step In To Help Several users from a number of cryptocurrency exchanges also donated towards the effort, with ZachXBT’s donation wallet receiving funds from wallets linked to all major exchanges such as Binance, Kraken, OKX, Coinbase, Bitfinex, Bybit, 1inch, and Uniswap. Donations under the $100 mark number in the thousands, while several donations are between $10,000 and $50,000, as several prominent members from the crypto ecosystem also chipped in. Binance CEO Changpeng Zhao also made a donation of $50,000, urging ZachXBT to keep up the fight and help keep crypto transparent. The donation from Zhao comes even as the Binance CEO is himself grappling with a lawsuit filed by the United States Securities and Exchange Commission. Meanwhile, Tron founder Justin Sun also donated $10,000 worth of the True USD stablecoin. Sun also highlighted ZachXBT’s role in educating the crypto community, stating, “I’m pleased to pledge a donation of 10k #TUSD to @zachxbt. Despite not being a legal expert myself, I highly value Zach’s substantial contributions to blockchain security and his crucial role in guiding our users to safeguard their funds.” The Lawsuit Against ZachXBT ZachXBT was sued by NFT trader MachiBigBrother, also called Jeffrey Huang. ZachXBT had published a report about Huang last year, alleging that he had embezzled millions of dollars worth of crypto. MachiBigBrother filed the lawsuit against the blockchain sleuth in the United States District Court for the Western District of Texas, alleging that ZachXBT’s report caused serious monetary and reputational harm. The lawyer representing MachiBigBrother stated, “Without any regard for the ruinous effect that public allegations of criminal conduct can produce for the accused individual, [ZachXBT] not only proceeded to publish his defamatory article on Medium.com, he also maliciously promoted the article to his more than 300,000 Twitter followers.” ZachXBT faces one count of libel and one count of libel per se. The lawsuit also requests that the court order ZachXBT to pay actual and compensatory damages in addition to exemplary damages, the amount of which will be determined by the court. ZachXBT has emerged as one of the most prominent voices in the crypto space and has shone a light on several crypto projects and on-chain events. In the process, he has uncovered several potential scams and bad actors and studied exploits and hacks to find out their root causes. His detective work has also led to several real-world arrests and helped him amass a significant following, along with a place on the Consensus Magazine’s Most Influential 2022 list. However, the lawsuit has threatened to compromise ZachXBT’s identity after his name and place of residence were revealed. However, as the lawsuit progresses, the crypto and Web3 communities have come out in complete support through their donations. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
260 days agocryptodaily
Celebrating the 12 winners of the 2023 CryptoDaily™ Awards
CryptoDaily™is thrilled to announce the winners of our annual international award for daring Web3 builders and popularizers. Between May 22nd and June 5th, the expert jury reviewed dozens of stars that were shining in the industry throughout the past year, recognizing honorees across 4 categories: Entrepreneurship, Development, Design, and Marketing & PR. Driven by the genuine belief that the community should acknowledge its heroes, we establishedCryptoDaily™ Awards in 2022 to reward the most outstanding talents based on their merits. They all contributed to the Web3 ecosystem in many ways, from significantly improving its infrastructure and user experience to amplifying the Web3 business sector and promoting decentralized applications to the mass population. While the main goal of CryptoDaily™ Awards remained the same, we brought a couple of novelties to the evaluation process. So, before we proceed with disclosing this year’s results, let us first introduce you to the changes made. Panel of Judges To highlight the Web3’s best and brightest minds of 2023, we invited the Fantastic Four team of subject matter judges, each contributing to the long-term trends in their own focus area throughout a year. We have thoughtfully chosen the jury members among 20 candidates for each category, paying special attention to their in-depth knowledge of the industry, multi-faceted activity, and remarkable individual achievements. Some of them have promoted dozens of new millionaire businesses for the Web3 and blockchain era. Others have traversed the severe crypto market turmoil of 2022 with honor, and still others have proved that they were rightly praised by the previousCryptoDaily™ Awards. So let us dive straight into the list without further ado. Entrepreneurship João Fouad, a disruptive entrepreneur specializing in Web3, finance, investments, and the startup ecosystem; an international speaker and entrepreneurial mentor; CEO and founder of Highline Venture Builder. Development Kirill Arutyunov, a professional software engineer and developer with over 10 years of experience in Web3, fintech, and edtech; a seasoned entrepreneur and C-level executive; CTO of Münzen. Design Valery Lebedenko, an internationally acclaimed UX/UI designer for Web3, crypto and blockchainprojects; an expert blogger, columnist, and judge at Web3 hackathons; the 2022 CryptoDaily™ Awards winner. Marketing & PR Mike Ermolaev, a recognized crypto journalist and PR specialist; author of the signature series “Crypto Opinion with Mike Ermolaev” for Benzinga.com; market analyst for Cointelegraph Brazil; founder of Outset PR agency. Honorable Jury’s Member Cal Evans,a Managing Associate of Gresham International - the world’s largest Digital Asset only legal service and law firm; headliner of several large events alongside people such as Gary Vee and Nick Spanos. Renewed Methodology This year, the focus of the award was slightly shifted towards showcasing Web3's famous personalities and rising superstars who stood out with brilliant results and dynamic development. Our jury leveraged their professional outlook to make decisions, following a numerical and quantitative methodology with specific weighting given to: Evidence of leading the development and delivery of cutting-edge Web3 projects; Evidence of engagement with the business to drive Web3 adoption; Evidence of skill set growth and personal accomplishments; Evidence of exceptional leadership and excellence in the field; Evidence of results implemented because of the honoree's work; Demonstrable enthusiasm for and creativity in Web3. All judges had two weeks to carefully evaluate more than 50 most ambitious Web3 innovators in their respective categories. Adhering strongly to the award’s criteria, each jury member finally came up with two winners, presenting them as: Jury’s choice– unrivaled gainers whose individual performance is the most worthy by all criteria; Jury’s runner-up pick– those who were one step away from the Jury’s choice but couldn't outperform the winners. In order to prolong the pleasure, CryptoDaily™ decided not to depart from participation in the assessment of nominees. The judges had final say, but we gave an opportunity to enjoy the celebration to our 4 personal favorites, rewarding them with a very special honorable mention– the prestiges title from CryptoDaily™ editorial board. Winners And now, when all the formalities are met, it’s time to pull back the curtain – we are ready to reveal the official results of the 2023 from CryptoDaily™ editorial board. Entrepreneurship Jury’s choice – Drew Beechler, CEO and founder of Holder Drew Beechlerhas won the Jury’s choice prize due to the launch of Holder, a revolutional CRM and marketing automation platform, in April 2022. The company helps NFT projects and Web3 businesses to align their products with customer needs and engage with their audiences in a more meaningful way. Before starting Holder, Beechler, a career brand and marketing leader with a huge love for decentralized tech, startups, and data-driven marketing, has helped to co-found 30+ B2B SaaS startups in 7 years as the CEO of the High Alpha venture capital firm with over $200 million in AUM. Jury’s runner-up pick – Daniel Rose, CEO and co-founder of Doshi The Jury’s runner-up pick title goes to Daniel Rosewho is a passionate company builder holding leadership roles in strategy and product development, data-driven experimentation, and operations. As the CEO of Doshi, a crypto wallet designed for teenagers, Daniel combines his commercial skills in technology and gamification with a purpose-led mission to establish greater financial confidence for next-gen investors, making learning about Web3 and blockchain easy, engaging, and relevant. Before he started Doshi, Rose was a full-time crypto trader and worked as an innovation consultant for IKEA and King Games. CryptoDaily™ honorable mention – Andrés Soltermann, co-founder of Grizzly.fi We decided to assign our honorable mention to Andrés Soltermann, the long-term crypto enthusiast and the frontman of Grizzly.fi, a sensational startup that aims to create the DeFi 2.0 platform and revolutionize token launches. Soltermann is an early adopter of DeFi, fueled by the desire to make it accessible for everyone. At Grizzly.fi, Andrés is responsible for the innovations and technical developments that brought his project to the list of top hits on Product Hunt. Apart from that, Soltermann contributes to the governance of $DCHF, a decentralized stablecoin pegged to the Swiss Franc and backed by Bitcoin and Ethereum. Development Jury’s choice – Magomed Aliev, chief developer and founder of the Gravixderivatives exchange Magomed Alievwas awarded with the Jury’s choice prize as a Web3 engineer and TVM developer. A graduate of the elite Higher School of Economics specializing in machine learning and data science, Aliev has since become one of the foundational developers of the Venom Bridgeand the Octus Bridge. He made major contributions to all key ecosystem applications in the Venom and Everscale networks, including DEXs, scanners, Venom Stake, portfolio analyzers, and Snipa.finance. Additionally, Magomed developed Locklift, the contract writing framework used to write all Venom applications. Jury’s runner-up pick – Illia Polosukhin, cutting-edge software engineer, co-founder of NEAR Protocol The Jury’s runner-up pick title was given to Illia Polosukhin, the co-founder of NEAR Protocolthat is currently evolving from a L1 blockchain for creating smart contracts to the full-fledged Blockchain Operating System (BOS) for Web3. This revolution is powered by Pagoda, a vertical in the NEAR ecosystem formerly known as Near Inc. With BOS, Polosukhin’s goal is to build an open web world where developers can easily create new experiences, while end users can control their assets, data, content, and power of governance. Illia has also been engaged in sharing his wealth of knowledge as the speaker of numerous Web3 and blockchain conferences. CryptoDaily™honorable mention – Anton Bukov, forward-thinking blockchain developer and engineer, co-founder of 1inch Network The CryptoDaily™ honorable mention goes to Anton Bukovwho elevates the potential of 1inch Network, the platform ensuring the most lucrative, fastest and protected DeFi operations. Due to his efforts, the company recorded a notable growth across its protocols, with the total number of users approaching 2.6 million. For 7 years in blockchain development, Bukov has achieved strong C++ skills, working deep with a network stack of protocols, algorithms, compilers, disassemblers, and profilers. Today Anton is actively exploring DeFi, GameFi, NFTs, P2E, the metaverse, and consensus problem solutions for crypto projects. Design Jury’s choice – Rahul Singh Bhadoriya, a Web3 designer collaborating with multiple trending projects An ex-design project manager at Polygon, Rahul Singh Bhadoriyais this year’s Jury’s choice winner. As a self-taught designer, Rahul also dedicated himself to supporting other self-learning designers by sharing his knowledge at subject matter conferences and showcasing his work on his personal website and social media. Bhadoriya was Polygon’s brand identity and experience designer from May 2022 to February 2023, expanding the attractiveness of the blockchain ecosystem with top-notch UX and UI. Since then, he has been engaged in building several Web3 projects such as Wagmipedia, Notific, Superteam, and Makerdock. Jury’s runner-up pick – Patrick N. Lewis, head of design at Floor Welcome Patrick N. Lewisas the Jury’s runner-up pick honoree. As the lead designer for the ground-breaking Floorapp, his mission is to create a more equitable future for Web3 and make NFTs easy-to-understand. Lewis is also the founding designer of LinksDAO, a Web3-oriented project building the world’s best golf club. Earlier in his career, Patrick acted as the first design hire and second employee at Button where he participated in developing products, design systems, and identity. His portfolio features commerce products for Uber, Amazon, and dozens of the world’s top companies. Crypto Daily’s honorable mention – Rob Svenšek, product designer at Sismo Our next honorable mention is for Rob Svenšek, Web3 product designer from Ljubljana. With his “strategic and pragmatic, yet playful and expressive” approach to design, Svenšek is currently creating functional and aesthetic relevant UX/UI solutions that bring value to Sismo, a breakthrough communication protocol enabling users to aggregate and selectively disclose personal data to applications. Prior to that, Rob was the lead product designer at Niftify, a buzzing no-code NFT store builder for businesses. His works are visually strong, with great emphasis put on usability and character. Marketing & PR Jury’s choice – Serge Baloyan, founder of X10 marketing agency The Jury’s choice fell on Serge Baloyanwho’s standing at the helm of X10 Agency, one of the most reputable and influential crypto and NFT marketing service providers in the industry. He has garnered significant attention over the past year due to catering over 150 projects as a recognized expert in his field. Baloyan's insightful predictions and deep industry knowledge enable him to participate in global conferences as a keynote speaker, popularizing the future of blockchain and demonstrating his commitment to innovation that has already made a lasting impact in the crypto world. Jury’s runner-up pick –Nicola Da Dalto, digital marketing manager at Exclusible Meet Nicola Da Dalto, awarded with the Jury’s runner-up pick title. The Web3 projects Nicola works with have become the latest talk of the town in the NFT and Metaverse sector due to his creative marketing approach. As of today, Da Dalto is responsible for the management and implementation of digital marketing strategies at Exclusible, a one-stop platform and marketing agency that helps both individuals and businesses to successfully navigate the world of digital assets. Nicola is also recognized for his role as CMO and co-founder of Cryptoverse, a Web3 agency that brings brands to the Metaverse. CryptoDaily™ honorable mention – Maria Isabel Félix de Matos, head of marketing on blockchain projects The last but not least honorable mention from CryptoDaily™ goes to Maria Isabel Félix de Matoswho has been the head of community at the WYTLAND gaming & AI studio since December 2022. Thanks to her efforts, the company has built a reputation for being accessible and responsive and has earned the trust and loyalty of its community members. Maria keeps onboarding users to the possibilities of Web3 for the travel industry, while also representing WYTLAND in the metaverse. As a result-driven marketer, she believes in the power of storytelling and defines her biggest value as being empathic. Looking Forward to the 2024 CryptoDaily™ Awards We would like to express a sincere gratitude to our expert judges whose participation has made the 2023 CryptoDaily™ Awards possible. And of course, a heartfelt thank you to all of the talented builders who keep shaping our common future. We believe that each honoree should be incredibly proud of what they’ve accomplished and will continue to demonstrate exciting performance throughout their professional journeys. We can’t wait to celebrate another wave of trailblazers through the next Crypto Daily Awards, from entrepreneurs and developers whose careers in Web3 are resounding success to designers and marketers with outside-the-box thinking. Let’s do it again in 2024 and see who will earn a standing ovation! Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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The decentralized-exchange (DEX) aggregator, which nabbed $175 million in a 2021 series B funding round, is one of the biggest protocols yet to launch on a zero-knowledge EVM (zkEVM).

About 1inch?

The live price of 1inch (1INCH) today is 0.534227 USD, and with the current circulating supply of 1inch at 1,143,568,546.40 1INCH, its market capitalization stands at 610,925,614 USD. In the last 24 hours 1INCH price has moved ? USD or 0.00% while ? USD worth of 1INCH has been traded on various exchanges. The current valuation of 1INCH puts it at #132 in cryptocurrency rankings based on market capitalization.

Learn more about the 1inch blockchain network and how it works or follow the price of its native cryptocurrency 1INCH and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

1inch (1INCH) is a decentralized exchange (DEX) aggregator, designed to roll liquidity and pricing from various DEXs into one platform to provide users with the best possible trading rates. The 1inch protocol is powered by a unique algorithm that finds the most efficient swapping routes across all leading DEXs, thereby minimizing slippage and reducing cost for traders.

Technology & Mechanism

Consensus Mechanism

1inch operates on the Ethereum blockchain, utilizing the Ethereum's Proof-of-Stake (PoS) consensus mechanism, which is energy-efficient and provides faster transaction times compared to Proof-of-Work (PoW) systems.

Blockchain Technology

1inch is built on the Ethereum blockchain, the world's leading programmable blockchain. It also supports Binance Smart Chain (BSC), enabling users to swap tokens directly from their wallets in a fully decentralized manner.

Key Features

Scalability

1inch's unique aggregation protocol allows it to scale effectively, handling a high volume of transactions simultaneously while maintaining optimal swap rates.

Security

1inch prioritizes user security, with smart contract audits and rigorous testing to ensure the safety of user funds.

Privacy

As a decentralized platform, 1inch respects user privacy. No personal data is required to use the platform, ensuring user anonymity.

Decentralization

1inch is a fully decentralized platform, with governance rights given to 1INCH token holders, promoting transparency and community involvement.

Development Team & Governance

1inch was co-founded by Sergej Kunz and Anton Bukov, both of whom have extensive experience in blockchain technology. The platform operates under a decentralized autonomous organization (DAO) model, with 1INCH token holders having voting rights on key protocol decisions.

Use Cases & Potential Impact

1inch serves as a DEX aggregator, providing users with the best possible trading rates. It has the potential to disrupt the DeFi landscape by making token swaps more efficient and cost-effective.

Purchase & Storage

How to Buy

1INCH tokens can be purchased on various exchanges such as Binance, Huobi, and OKEx. Users can also swap tokens directly on the 1inch platform.

Wallets & Storage

1INCH tokens can be stored in any wallet that supports ERC-20 tokens, such as MetaMask, Trust Wallet, and Ledger.

Partnerships & Collaborations

1inch has partnered with leading blockchain projects like Compound, Aave, and Uniswap, further enhancing its platform's capabilities.

Roadmap

1inch's future plans include expanding support for additional blockchains and continuously optimizing its aggregation algorithm for better swap rates.

Risks & Challenges

While 1inch offers many benefits, it also faces challenges such as smart contract vulnerabilities and the volatile nature of the cryptocurrency market.

Community & Regulatory Compliance

Community

1inch has a vibrant community of users, developers, and traders who actively participate in the platform's governance and development.

Regulatory Compliance

As a decentralized platform, 1inch operates in compliance with all relevant regulations and ensures that its services are available only in jurisdictions where they are legally permitted.

In conclusion, 1inch is a powerful tool in the DeFi space, providing users with optimal trading rates by aggregating liquidity from various DEXs. Its unique technology, robust security measures, and active community make it a promising project in the blockchain industry.

1inch Price0.534227 USD
Market Rank#132
Market Cap610,925,614 USD
24h Volume37,517,994 USD
Circulating Supply1,143,568,546.40 1INCH
Max Supply1,500,000,000 1INCH
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