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0.00000077 BTC
Market Cap (Rank#137)
7,680 BTC
Vol 24h
627.724 BTC
Circulating Supply
Max Supply
1 day ago coindesk
FTX Bankruptcy Judge Says U.S. Courts Should Have Full Control Over $7.3B in Disputed Assets
2 days ago cointelegraph
US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines
Bittrex owes $29 million on penalties for sanctions violations and may still face penalties in a case brought by the SEC.
2 days ago cryptodaily
Ankr Launches Enterprise RPC On Microsoft Azure Marketplace
San Francisco-based Web3 developer hub Ankr has officially launched Enterprise Remote Procedure Call (RPC) services on Microsoft's Azure Marketplace, following their partnership announcement in February this year. The service is intended to provide Azure's vast customer base with low-latency, globally accessible blockchain connections, aiding them in their Web3 project and application development. Notably, Ankr's AppChains, a solution enabling enterprises to deploy dedicated, customizable blockchains, will also be made available on Azure Marketplace. Initial offerings will include the deployment of Polygon Supernets with a promise of more blockchain ecosystem choices in the near future. "Through this partnership, we are abstracting away what is often an impediment to testing, deploying, and scaling Web3 projects seamlessly," shares Daniel An, Microsoft's Director of Business Development. AppChains have been part of Ankr's product line-up for a year now. These scalable, application-specific blockchains facilitate decentralized app development and project execution for Web3 organizations. Their popularity among traditional enterprises has grown significantly due to their versatile application potential across banking, institutional clients, CBDCs, gaming, and more. By offering AppChains through the Azure Marketplace, enterprises have a vetted and trusted platform to explore and adopt this new technology. Ankr's AppChains aim to overcome significant hurdles faced by enterprises, such as scalability, user experience, and the cost of hiring new Web3 engineering talent. AppChains provide speedy and affordable transactions, seamless user experiences, regulatory compliance, and comprehensive engineering support. These advantages could streamline the transition to Web3 for many firms interested in the digital asset space. Peter Stewart, Head of Infrastructure at Ankr, praised the collaboration with Microsoft and highlighted their anticipation for increased demand following the Azure Marketplace launch. Simultaneously, Kev Silk, Ankr AppChains Lead, underscored Ankr's commitment to facilitating Web3 accessibility for large businesses through this enterprise-grade chain solution. "With Microsoft's guidance, we will continue to innovate and improve based on user feedback and performance metrics. This partnership has been remarkable, and we are excited for the future of our Enterprise RPC service," Stewart shares. Ankr, as an all-in-one Web3 developer hub, offers an extensive toolkit to build Web3 apps and establish high-performance connections to over 30 blockchains. Ankr is an approved infrastructure partner for constructing application-specific blockchains on ecosystems like the BNB Smart Chain, Polygon, and Avalanche. According to data from 2022, Microsoft Azure is the second-largest cloud service provider worldwide, commanding a market share of approximately 20%. Analysts predict that by 2024, global blockchain technology revenues are expected to reach $23.3 billion. Given this context, the Ankr-Microsoft partnership could be a significant step in catering to this emerging demand. The Ankr and Microsoft Azure collaboration represents an important development in the expansion of Web3, emphasizing the increasing importance of reliable infrastructure in fostering its growth. By facilitating the rapid deployment of customized blockchains and providing scalable connections to over 30 blockchain networks, this partnership could catalyze the mainstream adoption of Web3 technologies. Building Web3 infrastructure is akin to creating the foundational pillars of the next-generation internet. It provides the necessary groundwork that enables decentralized applications (dApps) and platforms to run smoothly. This not only enhances performance but also ensures that these platforms can effectively maintain the decentralized ethos at the heart of the Web3 vision. What's Next For Ankr and Microsoft Azure? Microsoft Azure's involvement in this endeavor is notable. As one of the leading cloud service providers, Azure brings extensive expertise in facilitating scalable, reliable, and secure cloud solutions for various applications. Its entry into the Web3 infrastructure space underscores the intersection of traditional tech giants with the burgeoning field of blockchain technology. In terms of broader implications, the Ankr-Microsoft partnership provides an excellent example of how cloud services can fuel the growth of Web3. Cloud computing, with its inherent flexibility, scalability, and cost-effectiveness, provides an ideal environment for developing and deploying dApps, smart contracts, and other blockchain-powered applications. In fact, the synergy of cloud computing and blockchain could serve as a catalyst for new business models and applications in the Web3 space. For instance, decentralized data storage and management, enhanced digital identity solutions, and streamlined supply chain systems are among the numerous potential applications of a blockchain-cloud fusion. Microsoft Azure, with its robust cloud infrastructure, has a history of fostering such innovations. The platform's as-a-service offerings – including Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS) – have already disrupted multiple sectors. By extending these capabilities to Web3 infrastructure development, Azure could unlock new frontiers in the decentralized tech landscape. The integration of Ankr’s Enterprise RPC services and AppChains into Azure Marketplace, therefore, not only marks a significant step in Web3 infrastructure development but also demonstrates the potential of cloud services in accelerating the growth of Web3. As enterprises worldwide increasingly recognize the potential of blockchain technology, collaborations like these are likely to become more prominent, shaping the evolution of the Internet as we know it. Partnerships such as Ankr and Microsoft Azure's represent a critical step in this direction, bringing together the flexibility of cloud services with the transformative potential of blockchain technology. 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.
2 days ago cryptopotato
Ankr’s Enterprise RPC Services Goes Live on Microsoft’s Azure Marketplace
Ankr expects a surge in clients and has confirmed preparing its resources to meet the increased demand.
2 days ago cointelegraph
Ankr–Microsoft partnership continues with blockchain creator tool debut
The partnership was preceded by the launch of an enterprise node hosting service on Microsoft Azure.
2 days ago coindesk
Crypto Exchange Bittrex’s Customer-Repayment Plan Faces U.S. Government Objection
If successful, it wouldn’t be the first time the state has scuppered a crypto bankruptcy proposal.
4 days ago coindesk
Bankers Shopping FTX's 'Hundreds of Millions of Dollars' Stake in AI Startup: Report
At the time of its bankruptcy last November, FTX may have owned as much as $500 million worth of stock in Anthropic, the creator of ChatGPT rival Claude.
4 days ago cryptopotato
US Metropolitan Museum of Art to Return FTX’s $550K Donations
The Met is the latest FTX beneficiary to return donations to the bankrupt company.
4 days ago coindesk
Genesis Bankruptcy Judge Extends Mediation Period Between Genesis, Creditors
The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.
5 days ago coindesk
New York’s Met Museum Agrees to Return $550K in FTX Donations
The bankrupt crypto company is seeking the return of funds sent by Sam Bankman-Fried’s empire before its November collapse.
5 days ago coindesk
Defunct Crypto Hedge Fund 3AC Insists on Taking Part in Genesis Mediation
The defunct crypto hedge fund has claimed over $1 billion against Genesis, which itself filed for bankruptcy in January.
8 days ago cryptopotato
Crypto and Fiat Stored on Apps Might Not Be Insured by The FDIC
According to the CFPB, funds and assets stored on mobile apps may not benefit from deposit protection in case of bankruptcy.
8 days ago cointelegraph
Mysten Labs’ Sui Network partners with F1 Red Bull racing team
The Red Bull team signed a $150-million sponsorship deal with crypto exchange Bybit in 2022 ahead of the market crash and major bankruptcies in the space.
9 days ago coindesk
Bankruptcy Claims Exchange OPNX Issues New Governance Token, FLEX Rises 16%
Bankruptcy claims exchange OPNX has issued a new governance token that is designed to reduce trading fees on the platform.
10 days ago cointelegraph
US District Judge sends matter of FTX independent examiner to appellate court
A bankruptcy judge denied a motion for an independent examiner in February, leading to an appeal that may now go to the U.S. Court of Appeals for the Third Circuit.
11 days ago cryptodaily
How Soon Until We Have A Fully Decentralized Stack?
Crypto is less decentralized than you think. Or to put it differently, crypto is more centralized than you think. From the blockchain networks run on a few dozen AWS nodes to the DeFi protocols equipped with a 2-of-3 “killswitch,” crypto contains enough chokepoints to extinguish all life in an industry that was founded on an ethos of decentralization. While every new project scam, bankruptcy, and subpoena reinforces the maxim “Don’t trust, verify,” crypto’s feet of clay might not always be permeable. Beneath the surface, those tasked with building the networks, protocols, and bridges that support the entire industry haven’t given up hope of achieving a fully decentralized stack, free of central points of failure, the way Satoshi and the cypherpunks always imagined. And they’re not just dreaming of better times: they’re building their way towards a fully decentralized future, one brick at a time. Defining DeFi “Decentralized finance” (DeFi) is a broad term that’s routinely used to describe everything from protocols on smart contract networks to the entirety of web3 and non-custodial crypto. What’s indisputable, is that whatever DeFi is, it isn’t centralized. Insofar as possible, it should be free of centralized levers that can be unilaterally controlled or commandeered by cartels. If special interest groups, financial monopolies, or state actors can freeze it, sanction it, or shut it down, it isn’t decentralized: it’s just another piece of decentralization theater. Decentralization theater is any project, token, or protocol that flies under the banner of non-custodial crypto when in reality it’s as centralized as the Federal Reserve. But to be fair to DeFi projects, the majority aren’t trying to deceive: they’re just constrained by the tools available to them right now, many of which are still tightly controlled by their core team. These teams are working towards decentralization, we’re promised. But when? When is true decentralization? The Blocks That Make Up a Decentralized Stack The greatest area of DeFi that needs greater decentralization is storage and data provision. Decentralized applications require fast, reliable, and censorship-resistant access to data on demand, while provisioning as much of it as possible off-chain to avoid blockchain bloat and prevent bottlenecks. The first truly decentralized Content Delivery Network (CDN) is being developed by Fleek. Fleek’s decentralized edge network provides an alternative to traditional compute and content delivery networks. Because it has no central authority, content delivery is reliable and censorship-resistant. It’s essentially a decentralized Cloudflare, providing on-chain apps with data on demand, minus the presence of a killswitch that centralized providers have routinely used to block content. There’s more to decentralization than distributed storage of course. Fleek has thought of this, and is developing as a web3 infrastructure solution. Essentially, it will provide all the nuts and bolts that developers need to connect to a CDN to create a blockchain-based platform or application. Storage, computation, hosting, and domains are just some of the products that will eventually offer. While that pretty much takes care of the middleware required to create truly decentralized applications, what about at the top of the stack, where application meets end-user? Here there’s also innovation occurring, as developers strive to create wallets and distribution platforms that are less centralized than incumbent solutions. Several of the leading web wallets have caught flak for either their reliance on heavily centralized infrastructure or their excessive data retention policies. Neither of these characteristics is aligned with the underlying ethos of crypto. Already, users in certain geographic regions have seen their IPs banned due to OFAC-compliance fears. There are also issues with centralized app stores that are extremely reluctant to list crypto-powered apps. Apple’s App Store, for instance, compels developers to release heavily neutered apps that don’t contain a crypto wallet. Greater availability and access to decentralized app distribution stores is required. This too, is being worked on, but there is still more to be done in breaking away from the Apple/Google duopoly that dictates access to smartphone apps. Slowly Then Quickly From an end-user perspective, decentralization can be hard to judge. It is after all an amorphous concept that lacks a visible manifestation of its true state. Nevertheless, behind the scenes crypto imagineers are pioneering new solutions that will allow web3 and DeFi to achieve their full value proposition: decentralized, distributed, censorship-resistant, and always available. We’re not there yet, but with each new protocol, network, and application that emerges, the industry is inching closer to achieving a fully decentralized stack. 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.
11 days ago cointelegraph
Crypto exchange TrigonX latest to emerge from the FTX rubble
TrigonX is back from the dead after it went into receivership in December, due in part to its $13 million exposure to bankrupt crypto exchange FTX.
12 days ago coindesk
Gemini and Bankrupt Lender Genesis Asks U.S. Court to Dismiss SEC Lawsuit Targeting Earn Program
The U.S. Securities and Exchange Commission alleged the two entities had sold unregistered securities through Gemini's Earn program.
13 days ago nulltx
Can Solana overcome the FTX collapse? Avorak AI provides deep-learning insights
The close association between FTX and Solana, including investments and integration, proves detrimental as funds and users leave the platform. FTX-owned hedge fund Alameda Research acquired a significant portion of SOL. The Solana Foundation also had exposure to FTX-related assets, now stuck on the bankrupt exchange. What is Solana? Solana is a blockchain platform for […]
13 days ago cryptodaily
Crypto Weekly Roundup: Multichain’s Deafening Silence And More
The radio silence from the Multichain team following days of outages has left users searching for answers, with the protocol currently holding $1.5 billion in total value locked. Let’s find out more. Bitcoin Binance CEO Changpeng Zhao has said that he believes the crypto space could see the beginning of a bull run after China Central Television aired a segment on crypto. Ethereum Ethereum co-founder Vitalik Buterin's recent blog post has raised concerns about the potential risks associated with expanding the scope of social consensus within the Ethereum network. Ethereum recently implemented its Shanghai/Shapella upgrade, which has been ground-breaking for its investors. DeFi The Aave community is mulling over a proposal to launch its V3 on the Coinbase-backed Layer-2 blockchain solution, Base network. Pioneering DeFi protocol, MakerDAO, has initiated a vote on a proposal allowing its delegates to maintain anonymity and keep their whereabouts undisclosed. Altcoins The lack of communication and updates from Multichain’s leadership has amplified rumors, leading to significant unease and uncertainty among protocol users. Technology The Solana Foundation has announced the official integration of a ChatGPT plug-in developed by Solana Labs, marking the official integration of AI into its network. Hardware wallet provider Ledger has announced that it is pushing back the launch of its key-recovery feature after mounting criticism from the larger crypto community. Business According to court filings published on Thursday, Crypto Consortium Celsius has won the bid to acquire bankrupt crypto lender Celsius Network. After filing for Chapter 11 bankruptcy last December, the Bitcoin mining company, Core Scientific, is now set to finalize a restructuring plan which it expects will net at least a $46 million boost. Cryptocurrency exchange Gemini has revealed that Genesis parent entity DCG missed a $630 million loan payment due last week. Regulation US Senator Cynthia Lummis has pushed back against the Biden Administration’s proposal to tax cryptocurrency miners, stating that the administration is picking “winners and losers.” Hong Kong's Securities and Futures Commission (SFC) has recently introduced a series of stringent rules that are set to reshape the landscape of virtual asset trading within the city. Governor Ron DeSantis of Florida has made promises to protect the world of digital assets while simultaneously dismantling the concept of a central bank digital currency (CBDC). In a recent announcement, the European Systemic Risk Board emphasized the need for measures to prevent excessive leveraged bets on crypto assets. Germany’s Banking Sector recognizes the vast potential of blockchain technology beyond cryptocurrencies by exploring related innovative applications across various other domains. Crypto exchange Coinbase filed a writ of mandamus against the US SEC shortly after the regulatory body stated it was in no hurry to respond to Coinbase’s demands for regulatory clarity. Global policy forum IOSCO on Tuesday released the first global approach to crypto asset and digital market regulation. Japan has announced the implementation of new anti-money laundering measures for cryptocurrencies to combat increasing fraudulent activities in the industry. With the UK seeking to become a crypto hub, the Winklevoss twins are advising the government not to let itself be influenced by the politicization of crypto in the US. Cryptocurrency exchange Bitget continues to make strides toward becoming an industry leader by securing a regulatory license in Poland. The Philippines Securities and Exchange Commission has issued an advisory warning to the public, asking them not to invest in Gemini’s Gemini Derivatives product. A welcoming embrace from French regulators has led crypto exchange OKX to opt for making France a central base for its operations. Malaysia’s securities regulator, the Securities Commission, has ordered cryptocurrency exchange Huobi to cease all operations in the country. The South Korean Prime Minister, Han Deok-soo, has called on high-ranking public officials to disclose their crypto holdings, with party members unveiling a new bill on Friday. While speaking at the final day of the G7 summit in Hiroshima, President Joe Biden clarified that he would “not agree to a deal that protects wealthy tax cheats and crypto traders.” NFT The Binance crypto exchange has launched an NFT loan feature, which will allow users to use their NFTs as collateral to borrow cryptocurrency. Renowned entrepreneur and digital asset advocate Gary Vee expressed his belief that NFTs have the power to revolutionize the ticketing industry. Web3 ConsenSys, the blockchain technology firm behind the widely used crypto wallet MetaMask, has addressed recent rumors claiming it collects taxes from cryptocurrency users. Dispersion Capital has emerged from stealth mode and announced the launch of a $40 million fund to support startups working on infrastructure for Web3 projects. Security Cybersecurity firm Unciphered has claimed it managed to hack the hugely popular Trezor T hardware wallet manufactured by Satoshi Labs. Decentralized crypto mixing platform Tornado Cash recently suffered a significant attack when a malicious proposal recently subverted its governance system. 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.
15 days ago cryptodaily
DCG Closes Institutional Trading Platform TradeBlock
DCG announced on Thursday the closure of its prime brokerage subsidiary TradeBlock. The company cites broad economic concerns and the uncertain regulatory climate in the US. Digital Currency Group (DCG) announced on Thursday that it would officially start the process of shutting down its institutional trading platform on May 31, Bloomberg reports. Barry Silbert’s crypto conglomerate, Digital Currency Group, is shuttering its TradeBlock institutional trading platform — Bloomberg Crypto (@crypto) May 25, 2023 A spokesperson for the venture capital conglomerate told Bloomberg that concerns over the broader economic climate and an uncertain regulatory environment for cryptocurrencies in the US drove the decision to shutter TradeBlock’s operations. Due to the state of the broader economy and prolonged crypto winter, along with the challenging regulatory environment for digital assets in the US, we made the decision to sunset the institutional trading platform side of the business. Challenging Times for DCG Established in 2011, the company was acquired by DCG’s crypto-focused media platform CoinDesk in 2021. CoinDesk retained only its index data business which it later rebranded to CoinDesk Indices, Finance Magnates reports. DCG has been under severe pressure after one of its subsidiaries, Genesis Global Trading, halted customer withdrawals in November and went bankrupt, reportedly owing creditors $3 billion. The company is further facing pressure over a lending product called “Earn”, which Genesis offered in partnership with crypto exchange Gemini. Earlier in the week, it was reported that DCG missed a payment concerning a $900 million loan made by Gemini to Genesis. The crypto exchange warned earlier in the month that if DCG could not make the required loan repayment or restructure its debt, the company would be at risk of defaulting on its obligations. The conglomerate further revealed in its Q4 2022 investor report that it suffered losses worth $1.1 billion due to the collapse of Three Arrows Capital. DCG is reportedly 3AC’s largest creditor, which owes around $2.36 billion in funds. 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.
15 days ago cryptodaily
Fahrenheit To Acquire Celsius’ Assets After Successful Bid
According to court filings published on Thursday, Crypto Consortium Celsius has won the bid to acquire bankrupt crypto lender Celsius Network. The Fahrenheit consortium beat fellow bidder NovaWulf, with the Blockchain Recovery Investment Consortium shortlisted as a backup. Fahrenheit’s Successful Bid According to court filings, Celsius Network’s assets were previously valued at $2 billion. Fahrenheit’s winning consortium is backed by Arrington Capital, mining company US Bitcoin Corp, Steven Kokinos, Ravi Kaza, and Proof Group. With the bid secured, the consortium will acquire Celsius’s staked cryptocurrencies, along with its institutional loan portfolio, mining unit, and additional alternative investments. Additionally, the consortium must pay a deposit of $10 million within three days to clinch the deal. Fahrenheit will also be required to provide the management team, capital, and technology to establish and operate the new regulatorily compliant public company. The deal will also see the newly formed company receive a significant amount of liquid cryptocurrency. This amount is speculated to be between $450 and $500 million. US Bitcoin Corp will also lead the construction of numerous Bitcoin mining facilities, including a 100-megawatt plant. In an announcement, Alan Carr and David Barse, members of the Special Committee of the Board, stated, “We are very pleased that our competitive auction process produced a positive result for customers, including, most prominently, hundreds of millions of dollars in lower management fee savings and increased liquid cryptocurrency distributions to Celsius’ customers. We appreciate the robust interest that the Celsius platform has received from competing bidders and look forward to working with Fahrenheit to expedite the restructuring and distribute recoveries to creditors.” They further added, “The dynamic engagement in our auction provided us with excellent options for our exit from chapter 11. We are grateful for the collaboration of the Committee, and with our path now set, we are looking forward to enabling our customers to move forward from this process.” Regulatory Approval Awaited While the bid has been accepted by Celsius and a committee of its creditors, it still requires regulatory approval before it can be finalized. Martin Glenn, the Bankruptcy Court Judge, had already warned of regulatory roadblocks that could hamper the acquisition of Celsius, similar to how it had scuppered a similar deal. For context, the Judge was referring to the agreement between Binance US and Voyager. After Federal officials opposed the deal, Binance US had to terminate its purchase of bankrupt crypto lender Voyager’s $1 billion in assets. Binance cited an uncertain and hostile regulatory climate for scuppering the deal. Celsius and BRIC Celsius had filed for Chapter 11 bankruptcy in July 2022 after it emerged that the lender had a $1.2 billion hole in its balance sheet. Initially, digital asset investment firm Novawulf was announced as the winning bidder but eventually lost out. However, Celsius also announced that it had secured a backup bid from the Blockchain Recovery Investment Consortium (BRIC). The backup would act as a contingency plan should there be any hiccups. Celsius announced the backup bid on its Twitter handle, stating, “Earlier today, the Celsius auction concluded, and Fahrenheit was selected as the winning bid. The BRIC bid was selected as the backup bid. The Committee appreciates the efforts of Celsius and all bidders for their efforts, which generated significant value for Celsius users. The Committee will share more info a lot about the winning bid and backup bid soon.” In the event of BRIC having to step in, it would be required to establish a publicly traded mining business, giving Celsius creditors complete ownership of equity interests and a potential management contract with GlobalXDigital. 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.
16 days ago cryptopotato
Celsius Bankruptcy Struggles Coming to an End as Fahrenheit Clinches Win in Auction
The development marks the end of Celsius' long-drawn bankruptcy auction.
17 days ago cryptodaily
Core Scientific to Exit Bankruptcy by September
After filing for Chapter 11 bankruptcy last December, the Bitcoin (BTC) miner is now set to finalize a restructuring plan which it expects will net at least a $46 million boost. In its May 22 filing to the Texas Bankruptcy Court, the miner cites increasing Bitcoin prices, increased hashrate, and decreasing power costs as the reasons for its shift to a new business plan. The bankruptcy filing was necessitated by the prolonged bear market, which caused Bitcoin's price to plummet and Core Scientific's stock to decline by 98%. A Chapter 11 bankruptcy, according to Investopedia will still allow a business to operate while its shareholders agree on a suitable plan to reorganize. In this context, Core Scientific says that it is ready to move forward with a new plan and exit from bankruptcy. Core Scientific, once one of the largest Bitcoin miners, was forced to file for bankruptcy because of the prolonged crypto winter which saw Bitcoin’s price dip to as low as $16,000. This saw Core’s stock plummeting by 98%. Apart from the crypto winter, there is also the ongoing legal debacle with the bankrupt lending platform Celsius which saw Core Scientific being pushed to cut off power supply to the 37,000 mining rigs it hosted for the former. This move came after months of Celsius defaulting on its power bills after its collapse mid-2022, causing Core Scientific to file a motion to reject the contract due to breach of payment. By terminating the Celsius contract, Core Scientific hopes to generate revenue by renting out the space previously occupied by the mining rigs. The lack of payments, Core says, indirectly contributed to their liquidity issues which influenced their subsequent filing for bankruptcy. Celsius (or Celsius Network) is also currently under Chapter 11 bankruptcy, which they filed last July 2022 and which saw 2 million investors’ investments go up in smoke. While Core Scientific hopes that its move towards a new schedule for its bankruptcy exit would work, an underlying concern remains the volatility of Bitcoin itself. The alpha cryptocurrency's current slump affects miners like Core Scientific, highlighting the challenges they face in maintaining profitability amid price fluctuations. The declining profitability of Bitcoin mining is another significant factor impacting Core Scientific and other miners. The costs of production, particularly electricity expenses, have risen, while the value of Bitcoin has dropped. Company share prices for the miner have also suffered, with Core Scientific experiencing a substantial decline in its share prices throughout 2022 and Q1 2023. At the time of writing, Bitcoin is trading at the $26,600 range. 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.

About Ankr?

The live price of Ankr (ANKR) today is 0.019778 USD, and with the current circulating supply of Ankr at 10,000,000,000 ANKR, its market capitalization stands at 197,783,945 USD. In the last 24 hours ANKR price has moved -0.000148 USD or -0.01% while 9,369,333 USD worth of ANKR has been traded on various exchanges. The current valuation of ANKR puts it at #137 in cryptocurrency rankings based on market capitalization.

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

Founded in 2017 by UC Berkeley graduates Chandler Song and Ryan Fang, Ankr Network is a decentralized Web 3.0 infrastructure provider for an array of blockchains. Ankr aims to streamline interaction with blockchain for builders, DApps and retail users. 

The Ankr network’s mainnet was launched in 2019 as a decentralized cloud computing platform. With more than $18 million raised back in the ICO era, Ankr was building a decentralized version of centralized cloud services like AWS or Azure.

Ankr later pivoted its business model in response to the rising popularity of PoS blockchains and cross-chain solutions. The project reinvented itself as a SaaS multi-chain infrastructure provider for B2B and B2C markets. 

Ankr’s suite of tools for Web 3.0 developers features node infrastructure and custom enterprise services. Ankr also offers APIs and RPCs on a subscription basis to simplify DApp creation for Web 3.0 companies. For DeFi users, Ankr built a liquid staking platform similar to that of LidoDAO for Ethereum 2.0 and other proof-of-stake (PoS) blockchains. 

ANKR price

According to our ANKR USD live price chart, ANKR price was range-bound between $3 to just over $6 in between April 2019 and March 2021. The price of ANKR saw a major rally in February 2021 when it surged from $0.0108 on February 1 to a local high of $0.0811 on March 13. 

ANKR price then saw another sharp price increase, climbing to a new all-time high of $0.216 by March 28. The token gained more than 100% from its previous peak just two weeks earlier before paring some of the gains.

The price of ANKR rallied again in November 2021, touching the $0.21 level, just under the previous ATH, but failed to sustain the upward momentum.

Since then, however, ANKR has been in a downtrend, along with the broader crypto market, and traded under $0.03 in Q2 2022.

How ANKR works

ANKR is the utility token of the Ankr Network, issued on the Ethereum platform. Ankr Network is not a blockchain, and its ANKR token is different from native coins of blockchain networks such as Ethereum or Solana. ANKR token facilitates activity on the network and serves as payment method for the broad product suite of the Ankr Web3 software company. 

While the primary role of the ANKR is a medium for exchange, it is also used for governance of the Ankr staking system. However, the governance rights are limited to staking, so token holders can’t propose or vote for changes of the network itself. 

Ankr offers products across three verticals, including node infrastructure services, API and RPC endpoints, and a liquid staking solution. 

Deploying a node on a Proof-of-Stake blockchain is one of the popular ways to earn passive income in the crypto market. Yet, setting up and running a node is usually complicated, in terms of technical knowledge and skills alongside requirements for hardware. Ankr simplifies node setup work with its marketplace, where users can choose the blockchain and start running a node in a few clicks in return for a monthly fee paid in ANKR. With Ankr’s decentralized node infrastructure users can deploy nodes on 27 Proof-of-Stake (PoS) blockchains, including Bitcoin, NEAR and Tezos. 

Ankr also makes it easier for developers to access data from different blockchains. Using Ankr’s APIs and RPCs DApp developers can query data from major blockchains like Ethereum, Binance Chain and Polygon without the need to run their own nodes and study documentation of each specific network. Ankr switched to the pay-as-you-go model in June 2022, now offering more flexibility to its community of developers. 

Ankr’s solution for stakers is akin to LidoDAO’s liquid staking platform for Ethereum and other PoS chains. With Ankr’s Staking infrastructure individuals and businesses can stake their tokens with no lockup period and with no minimum staking requirements (for example, one would need 32 ETH to become a validator for Ethereum 2.0 vs 0.5 ETH with Ankr’s StakeFi solution). 

As such, Ethereum stakers receive aETHc - a synthetic token issued by Ankr which represents the value of their staked ETH. It also acts as a reward incentive token that reflects the value of future staking rewards and appreciates over time. 

Since users pay fees for Ankr’s services with ANKR, the price of ANKR appears to be tied to the demand for its tools. The token supply is capped at 10 billion ANKR coins, with an initial token supply of 4 billion coins, and another 6 billion to be distributed between August 2019 and August 2022. 

ANKR news, updates and highlights

The Ankr Network started as a decentralized computing platform looking to monetize idle computing resources at data centers and individual devices. This niche turned out to be a crowded one with several platforms such as Golem Network, IExec and Akash Network offering similar solutions, and besides saw limited user adoption. 

Since then, Ankr successfully pivoted to target PoS solutions and evolved from a platform with one major use case to a multi-chain Infrastructure-as-a-Service provider. The team is constantly improving the service suite, adding more blockchains into each vertical and launching new products, with Ankr Scan, a multi-chain block explorer, being one of the recent add-ons to the platform.  

Ankr announced partnerships with TRON and IoTeX, and in March 2022, Ankr also launched a gaming SDK to help developers bring games on blockchain seamlessly. 

More recently, Ankr launched an ambassador program in June 2022, looking to increase awareness and improve community engagement. 

Frequently asked questions about ANKR

  • Can you mine or stake ANKR cryptocurrency?

While ANKR tokens can’t be mined, they can be staked. Users can stake their ANKR holdings to secure the network and earn rewards, a model similar to that of PoS blockchains.

  • What are some of the best ANKR wallets?

You can store and manage your ANKR tokens in wallets such as Freewallet and Lumi Wallet. 

  • What can you do with ANKR?

ANKR is a multi-functional token of the Ankr Network. It facilitates activity on the network and is used to pay fees to access Ankr’s infrastructure services. It can also be staked to help secure the network and receive rewards. ANKR tokens can be also used in the network governance to propose and vote for changes to the Ankr staking system. 

  • How can you buy ANKR?

You can buy ANKR by exchanging your BTC or USDT holdings on an exchange such as Binance, Kucoin and MEXC. You may also use fiat currency to buy ANKR on established crypto exchanges

Ankr Price0.019778 USD
Market Rank#137
Market Cap197,783,945 USD
24h Volume16,164,812 USD
Circulating Supply10,000,000,000 ANKR
Max Supply10,000,000,000 ANKR
Yesterday's Market Cap234,887,696.03 USD
Yesterday's Open / Close0.023637 USD / 0.023489 USD
Yesterday's High / Low0.023955 USD / 0.023223 USD
Yesterday's Change
-0.01% ( 0.000148 USD )
Yesterday's Volume9,369,332.95 USD
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
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Source Code
cryptocurrency widget, price, heatmap
v 5.4.25
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