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Armory Coin(ARM)

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9h ago cointelegraph
FTX debtors file lawsuit against exchange's Bahamian arm on ownership of property
The lawsuit claimed FTX Digital Markets was an "economic nullity" within the FTX Group "created as a front to facilitate a conspiracy to defraud the Debtors’ customers".
16h ago coindesk
FTX’s Bahamas Arm a ‘Nullity’ That Should Be Stripped of Assets: Court Filings
The Caribbean arm is a mere shell to further Sam Bankman-Fried’s fraud, the company alleged.
18h ago cryptodaily
SVB pays £15 million in bonuses to execs after rescue - Bitcoin?
Only days after being rescued by HSBC, the UK arm of the Silicon Valley bank received bonuses for its executives that total between £15m to £20m. It might be argued that the SVB rescue was not a ‘bailout’ as such. It could be sustained that in fact the bank was bought by another bank (HSBC) … for a pound. So after approaching a near collapse of the bank, which was engineered by the bank’s executives themselves, when they decided to buy long term treasuries which they were then forced to sell at a huge loss when depositors asked for their funds. This gross negligence was rewarded, just like it was back in the Global Financial Crisis of 2007/2008, by large bonuses to the banks’ executives. Modest bonuses This kind of occurrence appears to be so common and so matter of fact now that even the general public hardly turns a hair when it is reported that recently failed bank executives have been awarded bonuses after contributing to the collapse of their bank. Comments on the matter by sources quoted by CoinTelegraph were along the lines that the bonuses were actually “modest”. It was also pointed out, as though to further bolster the case for the bonuses, that the stock owned by the executives had been “rendered worthless” by the bank’s collapse. Bonuses in the banking industry are as extremely common as they are extremely uncommon in other industries. The question might also be asked as to where the money for the bonuses comes from? Banking is inefficient, pays negligible return to depositors (especially after inflation is taken into account), and charges exorbitant fees to customers (credit cards, overdrafts etc.). Banking is obsolete In fact, given how financial innovations in crypto have sped up payments dramatically and at close to zero cost, it would appear that banking is practically obsolete. However, people are still forced to hold a bank account, and are obliged to deal with the inefficiencies and high costs of doing so on a daily basis. However, change is coming, and that change is likely to speed up corresponding to the frequency of bank collapses. The last throw of the dice for governments and their central banks is the imposition of central bank digital currencies (CBDCs). These are likely to fail, given that they are based on the same system. Bitcoin anyone? 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.
1 day ago cointelegraph
SVB's UK arm issues 15M pounds in bonuses after symbolic bailout: Report
Insider sources reportedly described the bonus pool as “modest,” adding that the stock held by senior execs had been “rendered worthless” following SVB UK’s "near-collapse.”
3 days ago cryptodaily
Sued Over FTX Promotions: The Case Of Finance YouTubers
A class action lawsuit is claiming that prominent finance Youtubers who promoted the FTX exchange on their channels should be held accountable. Sued For Promoting “Unregistered Securities” Several popular finance YouTubers have landed in legal hot water with a new class action lawsuit that seeks to hold them responsible for promoting the now-defunct crypto exchange FTX on their channels. The statement filed by the plaintiff points out, “Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorships and/or endorsement deals, payments and compensation, nor conduct adequate (if any) due diligence.” The lawsuit also claims that the named defendants conspired with FTX to mislead customers into believing that funds held on the platform were safe and not under investigation as unregistered securities. The matter of cryptocurrency being classified as “unregistered securities” have been highly controversial, with the SEC gunning for this classification. If they are successful, then all future promoters of any crypto product would require to disclose the amount they were paid for every promotion. Gunning For Celebs And Influencers The ones named in the class action lawsuit are Graham Stephan, Andrei Jikh, Jaspreet Singh, Kevin Paffrath, Ben Armstrong, Brian Jung, Jerremy Lefebvre, and Tom Nash. Some of these YouTubers have millions of subscribers on their channels, and their videos on FTX have garnered hundreds of thousands of views. Furthermore, the talent management company handling the promotion of FTX, i.e., Creators Agency LLC and its founder Erika Kullberg have also been named in the lawsuit. The plaintiff Edwin Garrison is a private investor who has filed multiple lawsuits against individuals and public figures connected to FTX, like Tom Brady, Stephen Curry, Shaquille O’Neal, Larry David, Kevin O’Leary, and other celebrities who had promoted FTX. He has also filed a lawsuit against former FTX CEO Sam Bankman-Fried. Government Bodies Taking Strict Action Bankman-Fried already has several other lawsuits filed against him, including multiple fraud charges from government bodies like the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The Federal Trade Commission (FTC) clearly states that social media influencers must clearly disclose paid promotions on their videos or posts. Certain influencers and celebrities have even gotten into trouble for not disclosing this aspect of the product they have been paid to promote. For example, Kim Kardashian was charged by the FTC for not disclosing that she was paid to promote EthereumMax’s EMAX token. It cost her $1.26 million in fines for the product promotion, which only brought in $250,000 for her. 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.
3 days ago cryptodaily
$BTC Sitting Steady Above $25,000, Crypto Daily TV 17/3/2023
In Todays Headline TV CryptoDaily News: XRP lawsuit ruling will not affect global business operations. The court ruling in a lawsuit brought by the U.S. Securities and Exchange Commission against payments processor Ripple Labs will have minimal impact on the company’s global business expansion, Ripple’s APAC region policy director Rahul Advani said at a press conference. Shiba Inu token falls 10%. Shiba Inu prices fell 10% amid drama surrounding the codebase of the upcoming Shibarium blockchain. The euphoria surrounding the launch paused after a top-ranked community member flagged concerns that Shibarium beta testnet using the same Chain ID as an existing blockchain. Bitcoin holds steady above $25K. Bitcoin maintained steady above $25,000 after the Swiss National Bank seemed to head off a European banking crisis by agreeing to lend troubled investment bank Credit Suisse about $50 billion, and investors’ hopes rose that the U.S. central bank would turn more dovish at its next rate-setting meeting. BTC/USD skyrocketed 2.6% in the last session. The Bitcoin-Dollar pair exploded 2.6% in the last session. The ROC is giving a positive signal. Support is at 23195.6667 and resistance at 25807.6667. The ROC is currently in the positive zone. ETH/USD exploded 1.3% in the last session. The Ethereum-Dollar pair exploded 1.3% in the last session. According to the CCI, we are in an overbought market. Support is at 1558.7533 and resistance at 1761.9533. The CCI points to an overbought market. XRP/USD exploded 1.5% in the last session. The Ripple-Dollar pair exploded 1.5% in the last session. The RSI is giving a negative signal, which matches our overall technical analysis. Support is at 0.3439 and resistance at 0.3833. The RSI is currently in negative territory. LTC/USD exploded 2.8% in the last session. The Litecoin-Dollar pair rose 2.8% in the last session after gaining as much as 4.3% during the session. The Ultimate Oscillator is giving a positive signal. Support is at 68.7967 and resistance at 89.1767. The Ultimate Oscillator is currently in the positive zone. Daily Economic Calendar: EMU Harmonized Index of Consumer Prices The HICP is a measure of price movements or inflation harmonized across EU Member States. It is similar to the national Consumer Price Indices (CPI). The Eurozone's Harmonized Index of Consumer Prices will be released at 10:00 GMT, the Eurozone's Labor Cost at 10:00 GMT, the UK's Consumer Inflation Expectations at 09:30 GMT. EMU Labor Cost The quarterly Labor Cost shows the short-term development of the total hourly costs of maintaining their employees incurred by employers. UK Consumer Inflation Expectations The Consumer Inflation Expectation presents the consumer expectations of future inflation for the next 12 months, which may influence rate decisions. JP CFTC JPY NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. Japan's CFTC JPY NC Net Positions will be released at 19:30 GMT, Japan's Tertiary Industry Index at 04:30 GMT, the US Capacity Utilization at 13:15 GMT. JP Tertiary Industry Index The Tertiary Industry Index is an indicator of the health of the domestic service sector and related economic factors. US Capacity Utilization The Capacity Utilization is the percentage of production capacity which is actually used over a short time period. It is indicative of overall growth and demand. 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.
4 days ago cryptopotato
US Judge Denies DOJ’s Appeal to Stay Voyager-Binance.US $1B Deal
The judge insisted that further delay of the deal would harm Voyager's customers waiting to receive their funds.
4 days ago cryptodaily
New Era for Crypto Investing With Tokenized Financial Products 
Source: Depositphotos DeFi infrastructure provider AllianceBlock is changing the dynamics for crypto startups seeking funding through a unique partnership with ABO Digital, the digital asset investment arm of Alpha Blue Ocean. The collaboration will enable crypto projects to seek alternative funding by issuing fully-compliant tokenized structured products to their financial backers. Until now, crypto projects have been limited in their financing options, and usually obtain liquidity by issuing tokens to market makers and early investors. AllianceBlock and ABO Digital will provide them with the ability to tokenize traditional financial instruments and wrap them up as traditional Actively Managed Certificates, or AMCs, which can then be offered to capital providers that don’t want to hold digital tokens. ABO Digital’s role in the partnership is to negotiate and structure financial instruments on behalf of crypto projects, based on their capital needs and liquidity requirements. AllianceBlock, meanwhile, will leverage its Nexera Protocol infrastructure and Nexera ID technology to tokenize these instruments as fully compliant AMCs. Investor’s capital will be locked into smart contracts, to be released only once the project’s minimum funding threshold has been achieved. Investors will then receive a traditional AMC that will be managed by AllianceBlock. The main advantage of this initiative is that traditionally risk-averse institutional investors now have a way to offer capital to promising crypto projects in a way that’s fully compliant. AMCs provide a different form of ownership that’s more palatable than owning digital tokens. AllianceBlock Chief Executive Rachid Ajaja said his company is offering institutional investors a compliant and less risky way to get involved in DeFi. “This partnership marks a significant milestone for both companies and the industry as a whole, demonstrating our commitment to innovation, compliance, and risk management,” he said. In addition to AMCs, AllianceBlock and ABO Digital said they will enable large crypto funds, private equity firms and others to issue capital in the shape of tokenized financial instruments such as bonds, options and shares. By tokenizing such instruments, the companies say they’ll be able to appeal to newer classes of investors. Asset tokenization is one of the most promising areas of DeFi, or decentralized finance, as it has the potential to transform how investments are made. As AllianceBlock explains, many real-world assets are traded in an extremely primitive way, with ownership certified on paper contracts. This results in higher costs and long transaction times, and makes it difficult to subdivide the ownership of many kinds of assets. Digital tokenization will enable fractional ownership of almost any kind of asset with lower costs, making them accessible to all types of investor, be it an institution or private individual. ABO Digital CEO Amine Nedjai said today's announcement will tempt more institutional capital providers to look at the evolving DeFi space. “We look forward to working with AllianceBlock and paving the way for a new era in finance, one that is both creative and professional,” he said. Going forward, AllianceBlock said it will work with ABO Digital to explore additional alternative financial investments for institutions using tokenization, as part of its mission to build a seamless gateway between the traditional and decentralized finance worlds.
4 days ago cointelegraph
Binance-Voyager deal to go without holdings, NY judge rules
According to Judge Michael Wiles, any protractions with the deal will harm the interests of Voyager’s former clients, who are waiting to return their funds.
4 days ago coindesk
Voyager-Binance.US Pause Denied by Bankruptcy Judge
A New York court denied the government’s request to halt the $1 billion deal, saying delay would harm customers.
5 days ago cryptodaily
EU Parliament Passes Data Act That Affects Smart Contracts
The European Parliament has voted in favor of proposed legislation that will challenge the immutability of smart contracts. The European Parliament on Tuesday adopted legislation under the Data Act which includes provisions on smart contracts and the internet of things (IoT). The legislation was passed with 500 votes in favour and 23 against. Although the proposed legislation, which is not law yet, does not take specific aim at crypto, it could affect decentralized finance (DeFi), according to reports by Blockworks. The proposed legislation addresses smart contracts under Article 30. It includes provisions such as “rigorous access control mechanisms at the governance and smart contract layers” and protections of trade secrets integrated into the design of smart contracts. The Block reports that smart contracts would have to be designed under the new provisions with the possibility to terminate or interrupt transaction mechanisms. Under the new rules, smart contracts will be subject to “harmonized standards” defined in the Act. The new version of the bill also reintroduces strict compliance measures for smart contract developers that were previously removed. The bill reads: The vendor of a smart contract or, in the absence thereof, the person whose trade, business or profession involves the deployment of smart contracts for others in the context of an agreement to make data available shall perform a conformity assessment with a view to fulfilling the essential requirements. Confusion and Uncertainty Over the Data Act The revised version of the bill has drawn criticism from the DeFi community. Curve Finance, a major decentralized exchange, said it would be “impossible to comply” with the new regulations: > Smart contract developers may need to design reset possibilities to allow termination or interruption of transactions.> The European Parliament adopted legislation under the Data Act on Tuesday, with 500 votes in favor and 23 against.Fire them all. Impossible to comply here — Curve Finance (@CurveFinance) March 14, 2023 Thibault Schrepel, an associated professor at the VU University Amsterdam, said the new bill “endangers smart contracts to an extent that no one can predict.” He tweeted saying: Article 30 does not provide clarity as to who should be able to ‘terminate the continued execution of transactions.’ Adding, “Is it the creator of the smart contract? Public authorities? Courts?” 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.
5 days ago cryptodaily
What is EUDI and how does Dusk Network’s Citadel fit in it?
On 10 February, 2023, the European Union published an exciting, but incredibly complicatedly named document, specifically The Common Union Toolbox for a Coordinated Approach Towards a European Digital Identity Framework: The European Digital Identity Wallet Architecture and Reference Framework, or ARF. We will dive into this document and what it means for Europe and for Dusk Network here, and to keep things brief, will follow the EU’s own suggested abbreviations for this document: EUDI and ARF. What is EUDI? The concept of a European Digital Identity (EUDI) has been brewing for a while now. All the way back on the 3rd of June 2021, the European Commission announced its intention to lead the way in making this product available to all European citizens. Now, almost two years later, the EU is ready to start moving on to the piloting phase. But piloting what? In effect, EUDI is a form of identification that can be used by any citizen of any European Union member state, by any company operating in the European Union, and accepted by any business or government agency in the European Union. Rather than replacing pre-existing identity mechanisms (i.e. national ID cards), EUDI sits alongside those as an auxiliary digitized identity system. For example, a bank in the Netherlands would continue to accept the Dutch identity card for new account openings, but would also accept EUDI for non-Dutch residents, meaning that they would only need to support two forms of identity verification. This is a step forward from banks’ current options to either learn how to support a plethora of identity certificates OR to restrict services to only people with Dutch IDs. EUDI would not be limited, however, only by the services that a member state’s identity card is used for, but rather would also extend to any interaction where attributes about a person need to be proven. The use cases that the EU itself identified are far and wide, including: Secure and trusted identification to access online services Mobility and digital driving license Professional business certifications Paying for things where different prices occur, such as toll roads Health records such as patent summaries, or ePrescriptions Educational credentials and professional qualifications Digital Finance products Digital Travel Credentials (such as passports and visas) Currently, proving identity and credentials in the European Union is confusing and prone to errors. In fact, a huge number of different certifications are needed for whatever it is that a citizen is trying to do, which also differ in number and style from member state to member state. True to the European mission to harmonize all member states into a single trade and travel area, they wish to solve this problem with one single EUDI for all. What is ARF? ARF is a recent document that marks the beginning of the EUDI pilot phase. It is essentially a checklist for each member state to agree upon and harmonize before piloting can commence. This includes: Defining roles and responsibilities of every player in the EUDI process. Outlining functional and non-functional requirements of the EUDI Wallet. Identifying potential building blocks. Since each member state’s implementation of EUDI needs to be interoperable with all the others, it is critical that everyone starts by building on the same set of standards and using consistent terminology. This is important when it comes to specifics like certifying the validity of an ID or document. For example, if a certificate has an expiry date, it should automatically become invalid on or after that date. But should the issuer also have the ability to revoke the certificate at any point before the certificate naturally expires? And if something is valid ‘until it is revoked’, does it need an expiry date just in case? The ARF sets guidelines for how all these things should be set up, how the information would flow between the parties involved, and who should have access to what. This is crucial, given that multiple parties are involved in even a simple transaction like issuing a discount rail ticket to a student. In this example, the parties include: The student. The railway operator. The university (which verifies the student’s status). A national student body (who may also have to verify the student). The operator of the railway station (if different from the operator). The train ticket website that sold the ticket. As you can see, even a seemingly simple transaction like purchasing a train ticket for a student can involve up to six different parties. Can you imagine what kind of complexity might be involved in dealing with sophisticated financial instruments? Why does Dusk Network welcome this? At Dusk Network we believe that the ARF specifications are an important step towards improving privacy and security in the EUDI process: two of our main priorities. The above (fairly simple) example of a student purchasing a train ticket highlights the need for selective disclosures. They would allow individuals to share only the necessary information, while simultaneously making unsafe practices like sharing copies of IDs or requiring personal data completely obsolete. You can think of selective disclosures like showing someone your driving license, but with your fingers covering all the information except your photo, since that is all that is really needed. Data leaks are becoming increasingly more common in society, and we at Dusk are alarmed that even the simplest of transactions carry a big potential for data leakage. The easiest way to protect users and organizations is to either store data in a secure encrypted format or to not get any exposure to it. To address this concern, the ARF specifications point to a EUDI that must-have features such as certificate issuance and revocation, encryption, secure transfer of identity and other personal information, and a range of selective disclosure options. That sounds a little familiar, doesn’t it? Why use Citadel for EUDI? Citadel is Dusk’s privacy-preserving digital identity solution that allows for privacy, compliance, decentralization, and a one-and-done approach to KYC. As such it would be a great choice for EUDI for multiple reasons, but mostly for privacy, compliance, and efficiency. Privacy is a key concern for everyone involved in the EUDI process. Citadel is built using zero-knowledge proofs (ZKPs), which means that private data does not need to be revealed in order to confirm that a person has legitimate access to a service, is authorized to enter a country, or has a legitimate right to be somewhere. This approach to privacy and identity is new and revolutionary and allows for a solution that preserves privacy while still providing secure identity verification. In that sense, it goes above and beyond the EUDI’s current ambition of issuing a digital version of what already exists. ZKPs have the power to prove that something is true without any other disclosure and in the case of the EUDI, that would translate into giving people the power to prove eligibility without having to share their identity. Whether they enter a country, open a bank account, or even access a service, Citadel would ensure that their data remains private as well as dramatically reducing any chance of hackers’ attacks. Compliance is another advantage that Citadel offers, specifically programmable compliance. The EU can program its regulations into Citadel itself, which not only ensures compliance but it also makes it easier to update the regulations as things change. For example, during Brexit, Citadel as the EUDI could have been used to update the system and change what was and wasn’t allowed, making it simpler to maintain compliance. Presumably, UK citizens’ EUDIs would have been made invalid. Finally, efficiency is a crucial advantage of Citadel. Unlike traditional systems that require extensive data storage and compliance departments, Citadel eliminates the need for these costs. With Citadel, there would be no need to maintain redundant copies of databases storing the digital identities of approximately 450 million people, alongside entire legal, compliance, and cybersecurity departments. Only proof of eligibility would be transmitted, while data would not. If there is nothing to hack, there’s no need for all this overhead. In conclusion, Citadel has the potential to provide both the EU and its citizens with the privacy, programmable compliance, and efficiency that they need to make digital identities a success. Thanks to its use of zero-knowledge cryptography and programmable compliance, Citadel offers a new approach to digital identity that is both secure and efficient and has the potential to revolutionize the way we approach identity verification. 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.
5 days ago coindesk
KuCoin Has Closed a $10M Funding Round Into CNHC. But Is the Offshore Yuan Right for a Stablecoin?
Circle Ventures, the venture arm of the USDC-issuer, and IDG Capital also joined the round.
5 days ago cointelegraph
KuCoin leads $10M funding for Chinese yuan stablecoin issuer
Circle’s investment arm has joined a funding round for CNHC, the issuer of the eponymous stablecoin pegged to the offshore yuan.
6 days ago cointelegraph
Europarliament approves Data Act that requires kill switches on smart contracts
The act would encourage data sharing, but it imposes requirements for smart contracts used in this setting that have alarmed members of the crypto community.
6 days ago cryptodaily
NFT Collection Baby Doge Army Price, Stats, and Review
What is an Baby Doge Army? Baby Doge Army are a non-fungible tokens collection built on the Ethereum network launched in 31 March, 2022. 9,999 items of the Baby Doge Army collection can now be viewed at OpenSea. How many owners does the Baby Doge Army collection have? The total number of owners has reached 2371 within 346 days since its release. NFT Collection Baby Doge Army Price and Sales The market capitalization of Baby Doge Army NFT collection is 1,287.85 ETH. Since created the Baby Doge Army, 6,014 collections sales were made at an average price of 0.22 ETH (~$347.12 at the time of writing). This created a total volume in 1,316.772 ETH. The floor price of Baby Doge Army is 0.1299 and the 30-day trading volume is kept at 27.07 ETH. The payment tokens of the Baby Doge Army collection are ETH, WETH, USDC, WBTC. Why are some NFTs expensive and others not? NFTs are very new to the blockchain ecosystem and are still in their infancy. It is an emerging market meaning there is no historical data or precedence that can assist in determining the value of an NFT. NFT projects that started at the beginning of the market boom have garnered legitimacy purely because they had a first-mover advantage. These “established” NFT projects have also had the opportunity to improve and learn from the issues that have plagued the NFT market and have, in such a way, made themselves more valuable. When the NFT boom took flight, many people realized profits beyond their wildest dreams, creating a space for opportunists to take advantage of the market growth. While some NFTs can be considered digital art, created by an artist who recognizes the value NFTs can add to the creative space, others have been made purely out of greed and a need to exploit the immense market growth. NFT projects that stem from greed and exploitation often have no value and are ultimately garbage. Is the Baby Doge Army Collection Over or Underpriced? It is difficult to determine whether NFTs from the Baby Doge Army collection is overpriced or underpriced. Making such an assessment will become clearer when the market for NFTs and metaverses develops more actively. The price is also influenced by how the Baby Doge Army collection is developed and promoted by its creators and community. Baby Doge Army NFT Collection Examples Baby Doge #0 Baby Doge #1 Baby Doge #2 Baby Doge #3 Baby Doge Army fees Buyer fee to dev: 0 basis points Seller fee to dev: 500 basis points Buyer fee to 0 basis points Seller fee to 250 basis points Buyer fee: 0 basis points Seller fee: 750 basis points Baby Doge Army editors list The approved editor's accounts of Baby Doge Army collection are 0xeffc87e1745e440c294a6082f18458b01f2d3171. 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.
7 days ago coindesk
Silicon Valley Bank's Parent Looking at Strategic Alternatives
The SVB Financial Group appointed a restructuring committee for its venture capital and investment banking arm.
7 days ago cryptodaily
Discover the Excitement of Crypto Trading with This Bitcoin's Competitor
It's no surprise that more people are getting hooked on cryptocurrency trading. With its low entry threshold and high volatility, it's an easy and accessible way to increase the level of life. But it’s a real surprise that many investors prefer not Bitcoin but rather its competitors. Accessibility made cryptocurrency trading available to a wide range of users, from seasoned investors to those just starting out. The volatility of cryptocurrencies may seem daunting to some investors, but for others, it's part of the thrill. After all, as Mark Zuckerberg once said, "the biggest risk is not taking a risk; in a world that's changing really quickly, the only strategy that is guaranteed to fail is not taking risks." That means that in a world that's changing quickly, taking risks can be the key to success. For many investors, the potential rewards of cryptocurrency trading are worth the risk. Is Bitcoin the Only One? At first, cryptocurrency traders tasted the potential of trading digital assets with Bitcoin. But a dozen years after its launch, Bitcoin is no longer the only one in town. In fact, there are thousands of different digital assets out there, each with its own unique features and potential for growth. That's why many cryptocurrency traders are constantly on the lookout for the next big thing – a new cryptocurrency that could repeat the success of Bitcoin. One of the main reasons traders are looking for new cryptocurrencies is that Bitcoin's volatility decreased over the years. While it's still a popular choice for many investors, some traders want something with more potential for price swings. That's where new cryptocurrencies come in. By investing in a relatively new digital asset, traders can take advantage of the potential for rapid growth – or, of course, the risk of rapid decline. It's a game, but for those who are willing to take the risk, the potential rewards can be huge. So whether you're a seasoned investor or just starting out, keep an eye out for the next big cryptocurrency – it could be the key to your success. But how can we figure out where the next big boom is gonna hit? Well, from what we've seen, crypto is pretty sensitive to new tech and all the buzz that comes with it. Lately, everyone's been hyped up about web3 projects thanks to all the talk about the future of the internet. And let's not forget about the demand for ChatGPT, which has sent the rates of AI-associated cryptos soaring. With all that in mind, who knows what could be next? Maybe e-commerce will be the next hot spot since it's the industry that could finally bring crypto to the masses. Towards the end of 2022, PLCU - the native coin of the comprehensive PLC Ultima blockchain ecosystem - broke into the top 10 list of most popular cryptocurrencies in India. As you may recall, India is a rapidly developing country with a vast population that's showing keen interest in crypto assets. What the sluggish advanced economies might catch up to someday, is already happening in emerging markets like India. The PLC Ultima ecosystem, run by Alex Reinhardt - a prominent investor, blockchain guru, and entrepreneur - is all about making blockchain and cryptocurrencies available for everyone and breaking down barriers that hold people back from this stunning world. The ecosystem's energy-efficient blockchain houses a ton of services, from simple payment systems to crowdfunding and marketplace platforms. PlatinDealmarketplace, for example, helps new merchants and brands expand quickly and easily into new markets. It's not just good for business owners, though - customers get access to classifieds, digital stores, and the ability to use crypto to buy stuff. By March, almost 2,000,000 people from over 120 countries worldwide have already joined the ecosystem. Since the community is the real governor of the decentralized ecosystem, anyone with a smartphone and internet can get in on the action. There are two coins in the ecosystem, PLCU and PLCUX, and they're joined at the hip. PLCU is used for payment and trading, while PLCUX is used for minting (i.e. generating) new coins. To join the community, just sign up for an account and download the Ultima Farm and Ultima Wallet apps. If you freeze your PLCUX coins, you'll get rewarded each month based on how many coins you froze. It's way cheaper and more efficient than mining, and you don't need fancy equipment to do it. 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.
7 days ago cointelegraph
Crypto industry may escape lasting damage from Silvergate liquidation
Some foresee benefits if the U.S. finally gets sensible crypto regulation post-Silvergate, and traditional banks “may become warmer to establishing [crypto] relationships.”
7 days ago cryptodaily
BinaryX Releases Trailer and Opens Beta Test For Futuristic Space Game Project Matthew
Singapore, Singapore, 13th March, 2023, ChainwireBinaryX announced today the upcoming release of a space-building simulation game, Project Matthew. The team just released the trailer video which gives a first look at the game, and is also opening registration for their Closed Beta Test happening soon. Introducing Project Matthew: The Exciting New Space-Building Game Project Matthew is an upcoming space-building simulation game developed and published by developer BinaryX. The game takes place in outer space, where players have taken over as landlords of a distant land called Matthew. The goal of the game is for players to build their own extraterrestrial cities, by setting up industrial production lines that produce resources for further development. Develop A City The adventure begins as players are given an NFT plot to start their city. Players can build different types of helper robots that will contribute different skills to scavenge, battle, or explore new territories to develop the city. Lead A Virtual Army Players can recruit a robot army with different skills and abilities, and challenge enemies on the battlefield to earn massive rewards. The battlefield is divided into different levels of difficulties. The more difficult the level, the greater the rewards. Explore Space Exploration is one of the primary ways to obtain rewards and resources in Project Matthew. The gameplay features a collection of neighboring and faraway planets waiting to be explored. “Project Matthew is our biggest project for the first half of 2023. We wanted to bring in new genres of games into the BinaryX ecosystem, and this game is the first ever simulation game that we will have on our platform. We want our players to immerse themselves in space as landowners and explorers. We’re really excited to welcome a whole new group of space enthusiasts and simulation gamers into our expanding community”, said Rudy S., Global Head of Business Operations and Development of BinaryX. Watch the official trailer: Closed Beta Test Opens For Registration BinaryX is kicking off the launch of Project Matthew with a Closed Beta Test. Registration starts on 13 Mar, 9 PM UTC+8, and closes on 20 Mar 6 PM UTC+8. The Closed Beta Test will be available to Windows users only, with more details to be revealed on their registration page and social media channels. Register for the closed beta test here. About BinaryX BinaryX is the GameFi platform behind play-to-earn games CyberDragon and CyberChess, both of which run on the BNB chain. BinaryX began as a decentralised derivative trading system. The team gradually evolved into developing decentralised video games, and is now a GameFi platform offering IGO services to bridge Web2 developers to Web3. As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 17K monthly active wallets. It is also one of the largest metaverse projects by trading volume on the BNB chain, with more than 200 million in market cap. BinaryX also has a token, $BNX, that has consistently demonstrated strong performance despite the bear market. For more details and information about BinaryX, please visit About BinaryX deck Find us on social media: BinaryX | Twitter | Discord | Telegram | YouTube | Medium ContactCommunications LeadKora [email protected]
7 days ago cointelegraph
Coinbase CEO ponders banking features after Silicon Valley Bank crisis
Coinbase CEO Brian Armstrong says the exchange has previously considered adding features to become a neo-bank of sorts.
7 days ago cointelegraph
Breaking: Silicon Valley Bank UK arm acquired by HSBC for one pound
Banking giant HSBC announced that its U.K. arm is acquiring Silicon Valley Bank UK Limited (SVB UK) for one pound ($1.21).
8 days ago cointelegraph
Bank of London bids to acquire Silicon Valley Bank's UK arm
The global clearing bank is leading a consortium of private equity firms seeking to purchase SVB's British arm.
10 days ago cryptodaily
CFTC Chair Declares ETH A Commodity, Crypto Daily TV 10/3/2023
In Todays Headline TV CryptoDaily News: Vitalik Buterin dumps altcoins that have "no moral value." Vitalik Buterin, a co-founder of the Ethereum blockchain, liquidated a portion of his altcoin holdings this week, worth 220 ether, saying later that the tokens had "no cultural or moral value." Silvergate Bank announces 'wind down' to liquidate assets. One of the few major banks to support the cryptocurrency industry is winding down operations to begin the process of voluntary liquidation. Silvergate Capital Corporation, the holding company for the California-based Silvergate Bank, announced it would be shutting down the bank. CFTC chair calls Ethereum a commodity. Chairman of the Commodities and Futures Trading Commission Rostin Behnam has called Ethereum a commodity and not a security, in apparent contrast to SEC Chairman Gary Gensler who has consistently argued that every cryptocurrency other than Bitcoin falls under securities laws. BTC/USD dove 6.2% in the last session. The Bitcoin-Dollar pair dove 6.2% in the last session. According to the CCI, we are in an oversold market. Support is at 21209.3333 and resistance at 22537.3333. The CCI points to an oversold market. ETH/USD dove 6.0% in the last session. The Ethereum-Dollar pair dove 6.0% in the last session. The Ultimate Oscillator is giving a negative signal, which matches our overall technical analysis. Support is at 1506.3333 and resistance at 1583.0133. The Ultimate Oscillator is currently in the negative zone. XRP/USD dove 4.7% in the last session. The Ripple-Dollar pair fell 4.7% in the last session after gaining as much as 2.1% during the session. The RSI's negative signal is in line with the overall technical analysis. Support is at 0.3591 and resistance at 0.4157. The RSI is giving a negative signal. LTC/USD plummeted 8.2% in the last session. The Litecoin-Dollar pair dove 8.2% in the last session. The CCI indicates an oversold market. Support is at 78.7533 and resistance at 88.6533. The CCI is signalling an oversold market. Daily Economic Calendar: JP BoJ Monetary Policy Statement The Monetary Policy Statement is released by the Policy Board of the Bank of Japan. The statement gives clues for future changes in monetary policy. Japan's BoJ Monetary Policy Statement will be released at 03:00 GMT, Japan's BoJ Interest Rate Decision at 03:00 GMT, Finland's Current Account at 06:00 GMT. JP BoJ Interest Rate Decision The BoJ Interest Rate Decision is announced by the Bank of Japan. The interest rates are a key mechanism through which the central bank influences inflation. FI Current Account The Current Account measures net flow of current transactions, including goods, services and interest payments into and out of the local economy. US Nonfarm Payrolls The Nonfarm Payrolls presents the number of new jobs created during the previous month excluding the agricultural sector. The US Nonfarm Payrolls will be released at 13:30 GMT, the UK's Industrial Production at 07:00 GMT, Finland's Industrial Output at 06:00 GMT. UK Industrial Production Industry is a basic category of business activity. Changes in the volume of the physical output of the nation's factories, mines and utilities are measured by the index of the industrial production. FI Industrial Output The Industrial Output shows the volume of production of industries, i.e., factories and manufacturing. 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 Armory Coin?

The live price of Armory Coin (ARM) today is ? USD, and with the current circulating supply of Armory Coin at ? ARM, its market capitalization stands at ? USD. In the last 24 hours ARM price has moved ? USD or 0.00% while ? USD worth of ARM has been traded on various exchanges. The current valuation of ARM puts it at #917 in cryptocurrency rankings based on market capitalization.

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

Armory Coin Price? USD
Market Rank#917
Market Cap? USD
24h Volume? USD
Circulating Supply? ARM
Max Supply1,990,000,000 ARM
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