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0.00034784 BTC
Market Cap (Rank#111)
15,951 BTC
Vol 24h
101.611 BTC
Circulating Supply
Max Supply
2h agocryptodaily
Sweply Announces a New Strategy with Multiple Industry Sector Focus and Its Token's Sale Seed Round Now Live
Sweply, an innovative and revolutionary Web 3.0 technology company, plans to be a cut above the competition and quickly grow within digital marketing, fintech, blockchain technology, and the metaverse. The company offers a centralized system and automated processes enabling a smooth and seamless user experience. Sweply will deliver users a complete experience at the top of the charts in 2023. By using a new strategy, the company will provide users with high-level products and low costs. And through the new user-centric approach, the platform will allow individuals to simultaneously build, manage and expand their advertising campaigns across several platforms. Yet another surprise Sweply comes with is the seed round sale for the $SWPLY token, which is currently taking place. The Sweply strategy and ecosystem Sweply’s strategy for 2023 focuses on four major industries: digital marketing, fintech, blockchain technology, and the metaverse. The four-pronged approach with the ecosystem consisting of Sweply Ads, Sweply Dash, Sweply Pay, and Sweply Pad provides better functionality. It represents a versatility to the project that no other company has. The Sweply ecosystem brings together: Sweply Ads is a system geared to assist everyone from small and medium-sized businesses (SMEs) to e-commerce companies and crypto projects. The first version is already live, offering API integration with the advertising platforms on Google, Twitter, Snapchat, Meta, and Tiktok. Sweply Dash is designed to be a marketplace for real estate & Metaverse working on a global scale, thus giving renters a wide choice of properties to choose from. The simple and effective interface is designed to ensure that all renters looking for their ideal property will find exactly what they’re looking for. Sweply Pay was created based on the need for payments and cryptocurrency transfers to be swift and secure. Individuals will be able to make payments and exchange cryptocurrencies quickly and securely. Sweply Pad is the launchpad that allows new projects to raise the necessary capital to grow while also giving early-stage investors safety and security. Moreover, Sweply includes its token, $SWPLY, created to “fight” the abundance of fly-by-night meme tokens. The team at Sweply is focusing on building long-term growth and providing genuine value in the marketplace. It has a Max supply of 300,000,000 and is built on the Ethereum ERC20 blockchain. Meet the company Sweply is a web 3.0 technology company that focuses on educating and fully supporting its users, allowing them to unlock opportunities while maximizing results. The platform is built to serve all types of users, such as business owners, e-commerce companies, small & medium businesses, and cryptocurrency projects. The transparency that is given in both Sweply along with its various products is second to none. The team at Sweply believe people deserve to know the company's ins and outs and any projects they are involved in. They are keen to build a strong community around the project, so they are organizing a $37,500 giveaway competition. Contact More information is available on the official Sweply website and their social media profiles, Twitter, or Telegram. 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.
2h agocryptodaily
Coinbase Expects 50% Drop In Revenue, Crypto Daily TV 9/12/2022
In Todays Headline TV CryptoDaily News: Coinbase CEO confirms 50% decline expectations in revenue. Coinbase Global CEO Brian Armstong said the company’s revenue would be half or less what it was last year as the crypto exchange struggles amid stark price drops in cryptocurrency prices and continuing ripple effects from multiple bankruptcies this year, including the recent collapse of rival exchange FTX. Slowing crypto startup funding may still surpass 2021 record. Research firm Pitchbook said that total funding at crypto startups this year is set to exceed investments in 2021. However, the pace of capital deployment is slowing as a series of crypto blowups sapped private equity investment appetite. Celsius bankruptcy judge orders return of some crypto assets to customers. A U.S. bankruptcy judge ruled that some crypto lender Celsius Network customers should receive their deposits back, giving relief to a relatively small group of customers whose deposits were never commingled with other Celsius funds. BTC/USD exploded 2.1% in the last session. The Bitcoin-Dollar pair skyrocketed 2.1% in the last session. The Stochastic-RSI indicates an overbought market. Support is at 16483.3333 and resistance at 17317.3333. The Stochastic-RSI is signalling an overbought market. ETH/USD skyrocketed 3.8% in the last session. The Ethereum-Dollar pair rose 3.8% in the last session after gaining as much as 4.7% during the session. The Stochastic indicator is giving a negative signal. Support is at 1188.3567 and resistance is at 1296.5167. The Stochastic indicator is currently in the negative zone. XRP/USD skyrocketed 2.4% in the last session. The Ripple-Dollar pair skyrocketed 2.4% in the last session. The Ultimate Oscillator gives a positive signal. Support is at 0.3656 and resistance at 0.4011. The Ultimate Oscillator is currently in positive territory. LTC/USD skyrocketed 1.1% in the last session. The Litecoin-Dollar pair skyrocketed 1.1% in the last session. The Stochastic indicator is giving a negative signal. Support is at 73.351 and resistance at 82.131. The Stochastic indicator is currently in the negative zone. Daily Economic Calendar: FI Industrial Output The Industrial Output shows the production volume of industries, i.e., factories and manufacturing. Finland's Industrial Output will be released at 06:00 GMT, the Austrian Industrial Production at 08:00 GMT, and the US Producer Price Index at 13:30 GMT. AT 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 industrial production. US Producer Price Index The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all states of processing. US Michigan Consumer Sentiment Index The Michigan Consumer Sentiment Index is a survey of consumer confidence in economic activity, making it an indicator of consumer spending. The US Michigan Consumer Sentiment Index will be released at 15:00 GMT, the UK's Consumer Inflation Expectations at 09:30 GMT, and the UK's CFTC GBP NC Net Positions at 20:30 GMT. 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. UK CFTC GBP 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. 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.
3h agocryptodaily
Leading crypto trading and lending firm ends Chelsea sponsorship
Amber Group has terminated a sponsorship deal with Chelsea football club and has also cut its workforce again in order to survive the crypto winter. Amber Group, one of the leading trading and lending platforms in Asia, has terminated a partnership with the London-based Chelsea football club. The partnership only began last May and had the Chelsea players wearing the Amber WhaleFin logo on their shirts. As reported by an article on Bloomberg, the sponsorship deal was said to be worth $25 million a year. Amber is now following a legal process which will enable it to end the deal. On top of the scrapping of the sponsorship deal Amber Group has also cut its workforce again. The latest cuts will see the workforce slashed from 700 to less than 400. At the peak of operations the trading and lending platform employed around 1,100. In order to further cut costs Amber plans to move to cheaper offices in Hong Kong. Offices in other regions will likely close, with the employees there given the opportunity to work from home. All of these moves are part of a major strategy to cut costs in what is a very difficult time for the crypto sector following the collapse and ensuing fall out from Sam Bankman-Fried’s FTX platform. Amber Group will now move its focus away from retail customers and will instead target larger institutions such as family offices and high-net-worth individuals. The Asian digital asset platform has also suffered bereavement in recent times. Its co-founder Tiantian Kullander died in his sleep at the age of only 30. 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.
3h agocryptodaily
DeFi and Web3 are Broken. Developers Can Fix it Using Blockchain 
Web2 and Web3 are similar technologies, but developers approach challenges differently. Web2 focuses on reading and writing content, whereas Web3 focuses on creating content. The latter utilizes blockchain technology to facilitate user information exchange and enhance security. Around 20,000 smart contract developers work full-time in DeFi and Web3, but it's a small number of the 27 million developers globally. At the same time, the number of Unique Active Wallets interacting with blockchain applications reached an average of two million per day. Still, compared to Web2 app Instagram’s 500 million daily active users and 4.2 billion likes per day - blockchain apps fight to onboard users. Ethereum and its Solidity programming language have long been the go-to choice for DeFi developers building financial services on the blockchain. However, DeFi on Ethereum has seen over $285m in hacks; the rewards could be more fairly shared, and Ethereum continues to be congested and expensive. These issues cause developers to hurry to alternatives like NEAR, Avalanche, and Solana to offer financial services. But unfortunately, they also spend countless hours ensuring their decentralized application is secure, only to wake up and realize bad actors drained millions of dollars of users' funds. At the same time, business leaders search the earth for people with the skills needed to build smart contracts and do whatever it takes to find users prepared to put up with the inferior user experiences presented by DeFi apps. Only to be further capped by network congestion and fees. As we rapidly enter the Web3 era, where value and data quickly move across decentralized platforms with distributed ownership and authority, entrepreneurs and developers need the tools to craft ideas and build quickly, easily, and safely. Moreover, if DeFi is to ever scale beyond crypto natives, developers in Web3 need standardized tools to build applications with user experience at the core. The argument for better DeFi Consumer saving and spending arguably power the world. As a result, we, the little guys, control the most critical parts of the global economy and financial system. The internet was all about information, but DeFi is about money - and in a world where cash is power, DeFi flips the model on its head. Most people these days spend and save using a bank, limited by regulatory compliance and further legacy issues. Web3 gives rise to a new way of doing things. New financial products built using smart contracts allow consumers to move between providers in seconds, all from the comfort of a mobile device. DeFi also creates more competition for building financial products by lowering the barrier to entry, sharing a user base between applications, and letting money move instantly and seamlessly between opportunities. The argument is that decentralized financial programs like Aave, Uniswap, and MakerDAO can directly control assets and allow financial products to operate 24/7, all year round, with 100% uptime and no staff, which will be appealing to end-users if presented in the right way. Sticky points Arguably the end-user experience of most decentralized apps leaves much to be desired. Blockchain wallets and asset custody, alongside a complex web of transactions and signatures, await beginners, while hardened veterans navigate the space with caution, often making mistakes. At the same time, according to DeFi Lama’s hack rankings, more than $700m was siphoned out of the crypto space in malicious attacks from the start of October 2022 to date. So if DeFi is to succeed, users must be able to trust and use the services offered in an intuitive, familiar, almost Web2 way. For that to happen, blockchain platforms must provide more incentives for Web2 developers and pioneers to leave a familiar world and embrace Web3. These incentives don't need to be financial but provide builders with the tools to deliver stunning products. Executives at tech giants like Google, Facebook, and Amazon will likely lead the way, leaving high-profile jobs at market-leading brands to take positions in the promising blockchain space. Polygon and Circle have hired top talent from tech firms, enticing them with the angle of working on the next big thing in Web3. Further Silicon Valley talent heading for crypto includes Sherice Torres, the former Chief Marketing Officer of Facebook’s crypto and payments team, Novi. At the same time, Amazon Cloud executive Pravjit Tiwana joined Gemini as its Chief Technical Officer. Add to this a series of mass layoffs in the tech sector, including Twitter, Amazon, and Meta’s dismissal of thousands of workers amidst the highest rates of global inflation seen for decades. This creates an incredible opportunity for businesses that previously wanted to expand their tech and payment capabilities but couldn’t because of the shortage of talent available. As a result, blockchain firms can now compete with recruiters from Silicon Valley for the brightest minds with a track record of taking products to market. Arguably, there has never been a better time to think about leaping into Web3 and DeFi development as more powerful tools, and no code solutions come online for those with a solid programming foundation. Playing around proves useful Gaming, and more importantly, the Unity game engine, led the way regarding the standardization of tools needed to build games. It gave game developers rendering and basic physics engines from which to build—altogether simplifying the process, lowering the barrier to entry, and making way for innovation and healthy competition. As a result, games got more complex while libraries of reusable art and in-game items became available for other developers to use creatively. As a result, developers, entrepreneurs, and users rushed in. With this straightforward invention of an engine and powerful tools, gaming grew bigger than music, TV, and film combined to become a billion-dollar industry. Ethereum has by far the most developers in the space, and according to DappRadar, more than 3500 dapps currently run from its smart contracts. The network is also the layer for many cryptocurrencies and blue-chip NFTs. However, as discussed earlier, Ethereum is no longer the sole player in smart contracts and Web3 development. Moreover, Ethereum doesn't offer developers plug-and-play solutions to build dapps. Instead, developers tend to fork existing applications, as was the case for Sushiswap, a fork of Uniswap. In this scenario, developers often take the bad UX from the forked application, choosing not to improve it. Ethereum is simply an industry-standard choice. However, as MySpace fell from its once high perch, and as competition increases and developers focus on end-users, other networks deliver solutions that entice Web2 builders to leap. There are solutions One blockchain stack applying the plug-and-play model outlined by Unity to decentralized finance and Web3 is Radix. The company, with its roots in the United Kingdom, has been working to deliver seamless DeFi for a decade and showcased its Radix Engine, which promises to be the Unity engine of DeFi, at an event called RadFi, where CEO Piers Ridyard laid bare the inefficiencies of DeFi. “Right now, crypto, DeFi, and Web3 are just one big glorified tech demo. For everyday people to use it, we've got to improve it radically.” Piers Ridyard, CEO of Radix At the virtual Keynote event, CEO Piers Ridyard also said what differentiates Radix is the fundamental shift in how the platform is built. The network features the world’s first programmable DeFi engine that takes concepts such as tokens and vaults and makes them native and fully interoperable. In addition, there’s a catalog of tools and pre-made solutions where Web2 developers can find helpful building blocks. The Radix engine promises to remove all the complex, low-level work that Web3 and DeFi developers spend 80% of their time on other platforms. Creating a programming language specifically for Web3 and DeFi called Scrypto, Radix hopes to tempt millions of Web2 developers into Web3. But, more importantly, provide them with a soft landing and the ability to build scalable DeFi products. Radix also claims they studied how bad actors were hacking applications built on public networks like Ethereum. For example, events such as reentrancy attacks, spend approval attacks, or signature manipulation attacks have cost the Ethereum ecosystem millions. The Radix Engine makes many of these attacks impossible, prioritizing asset security as a primary network operation, not an afterthought. Another Layer-1 blockchain trying to simplify the developer building process is Fuse Network, with its Charge product and Fuse Cash wallet. Charge takes a drag-and-drop approach to DeFi and payment infrastructure, partnering with ecosystem allies and matching them to build on their no-code platform. With a close focus on everyday payments and DeFi, Fuse and Radix are just a few of many teams out there trying to entice Web2 developers to embrace crypto and DeFi by helping them provide an experience similar to that of Web2 without investing years of study. Focus where it matters User experience in DeFi and decentralized apps has arguably suffered as brilliant people worked on the wrong problems. Successful Web3 developers may focus on pushing the boundaries of blockchain technology and the inner workings of finance and tokenomics. Still, it comes at the expense of genuinely usable applications that the mainstream user could adopt and feel safe using. Solutions like the Radix Engine could profoundly affect the industry and attract Web2 developers to build mobile-first, user-friendly applications delivering DeFi and crypto solutions. In addition, Web2 developers bring a wealth of user onboarding and knowledge that could hold the key to the mass adoption of decentralized applications. With tools becoming available Web2 developers can tap into battle-hardened code, spend less time on day-to-day app maintenance and security, and allocate resources to building beautiful applications that work, gain traction, and deliver a smooth user experience. In addition, web2 developers can join and complement the work already done by leading blockchain teams while not having to risk learning complex new programming languages. Another thing that attracts Web2 developer talent from big tech companies to Web3 is money. According to data from Blind, a social network for professionals, Coinbase offers as much as $900,000 a year for software engineers. At the same time, the average salary for Web3 developers ranges between $75,000 and $200,000. 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
5h agocoindesk
Crypto Trading Firm Amber Group Ditches $25M Chelsea Sponsorship Deal Amid Layoffs: Report
Hong Kong-based cryptocurrency trading firm Amber Group is terminating a $25 million sponsorship deal with football club Chelsea FC, according to a Bloomberg report.
6h agocryptodaily
SILK Is Now Available for Trading on LBank Exchange
INTERNET CITY, DUBAI, 9th December, 2022, ChainwireLBank Exchange, a global digital asset trading platform, has listed SILK on December 9, 2022. For all users of LBank Exchange, the SILK/USDT trading pair is now officially available for trading. As the first web3 esports with earnings, Spider Tanks enables players to earn for their play through its complex and brilliantly designed reward economy. Its native token SILK was listed on LBank Exchange at 13:00 UTC on December 9, 2022, to further expand its global reach and help it achieve its vision. Introducing Spider Tanks Spider Tanks is a blockchain-based PVP brawler created by award-winning Netherlands based GAMEDIA and brought to players by Gala Games. Players choose between a number of Tank Bodies and Weapons in the garage, then battle it out in one of the many Spider Tanks arena maps. And since all tank parts are owned as NFTs, they can be upgraded, then sold on the secondary market at any time the player chooses. Different game modes of Spider Tanks present different strategic and team-based challenges to always keep gameplay fresh. TEAM DEATHMATCH is an all-out brawl style match where the team with the most kills gets the victory. Players need to create killer destructive combinations with their teams, and let the chaos ensure. CAPTURE THE CHICKEN is a mode where the player’s team's goal is to capture as many moving chickens as possible and become a Spider Tanks chicken master. And in CAPTURE THE FLAG, the team who holds the only one flag in their possession the longest will be victorious in the match. Spider Tanks is free to play, but also incorporates a variety of play-to-earn mechanics, centering around skill-based competition, resource collection, and a player-driven upgrade cycle. It builds an ecosystem where a web of participants including NFT holders, players, and game developers revolves around playing Spider Tanks matches and receiving Victory Points that can be submitted for game token reward distribution. Whether the player wants to play with a small group of close friends, or tests their skills in high-stakes competition, Spider Tanks will be the worldwide play-to-earn esports for them. Players can enjoy the free to play game or compete with other players by purchasing fully tradable Weapons, Tanks and Bodies in the Spider Tanks store for advantages to the upgrade cycle, rarity head starts and more. About SILK Token Based on ERC-20, SILK is the game token of Spider Tanks ecosystem. It can be acquired by involving oneself in the Spider Tanks ecosystem through playing and winning games, as well as by operating nodes and other ecosystem products. SILK can also be spent in a number of ways, the chief of which is purchasing upgrades for a Tank Item NFT. SILK will always be the only currency of the Spider Tanks ecosystem, and as that ecosystem grows in size, supply will not increase in-kind. With a soft cap of 100 million (i.e., 100,000,000) tokens, SILK's economy is tied to the amount of players, SILK being generated, and SILK being spent and adjusting emission rates automatically. The SILK token was listed on LBank Exchange at 13:00 UTC on December 9, 2022, investors who are interested in the Spider Tanks investment can easily buy and sell SILK token on LBank Exchange now. The listing of SILK token on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market. Learn More about SILK Token: Official Website: Discord: Twitter: and YouTube: Facebook: Reddit: Instagram: Medium: About LBank LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute the global adoption of cryptocurrencies. Start Trading Now: Community & Social Media: l Telegram l Twitter l Facebook l LinkedIn l Instagram l YouTubeContactLBK Blockchain Co. [email protected]
17h agocoindesk
Former White House Adviser: Biden's Executive Order on Crypto Is 'Balanced' but ‘Gaps’ Remain
Carole House, co-author of President Biden’s executive order on crypto, discusses why the framework is “balanced” in mitigating risks but still has existing gaps.
1 day agocointelegraph
Many Koinly staff point to poor communication, CEO in global layoffs
Uncertainty and a lack of communication were among the complaints of Koinly employees laid off in recent months before the company made an official announcement.
1 day agocryptodaily
Casinos Blockchain Provides Important Statistics About Crypto Gambling & Analyses Its Future has prepared a helpful assortment of the most recent Bitcoin casino statistics through which readers can learn how many crypto casinos are available, how much Bitcoin gamblers have already wagered, and plenty more relevant information regarding this popular industry. Moreover, Casinos Blockchain analyzes the future of crypto gambling and answers a few FAQs to make sure readers know everything there is to know about Bitcoin casinos before getting involved, including both the risks and benefits. What are some of the top Bitcoin casino statistics? Gambling has been a popular way to pass the time for many centuries, and it is no different today. However, thanks to the advent and subsequent implementation of innovative technologies like cryptocurrencies, ‘Bitcoin gambling’ has become exceedingly popular to the point that since 2014, players have actually wagered over $4.5 billion in Bitcoin to date. The global casino industry itself is worth more than $231 billion as of the time of this writing. Moreover, approximately 60% of all Bitcoin transactions are related to gambling in some way, shape or form. What is even more mindblowing is that crypto gamblers place 337 bets every single second, and that these gamblers bet $3 million worth of crypto on a daily basis. The most popular cryptocurrencies for gambling purposes were observed to be Bitcoin and Ethereum, although these are not the only choices that gamblers have as using other altcoins like Litecoin may yield better results. Why does this matter? Despite the fact that land-based casinos and casino resorts suffered significant setbacks as a result of the pandemic and other factors such as inflation, the gambling sector as a whole nevertheless continued to thrive as a substantial portion of players made the shift to online gambling. Furthermore, the casino market is predicted to grow in the coming years. To that end, the revenue of brick-and-mortar casinos in the United States is expected to increase year on year from 2021 to 2024 and experts view this is a key indicator of the projected growth for the casino market. It should be mentioned that although online casinos are becoming more popular on a global scale, it will surely take some time before they become as popular in the United States, given that many states in the country have yet to legalize online casinos and a sizable portion tend to operate without a license. Nevertheless, Straits Research predicts that the global online gambling market will reach $153 billion by the end of 2030, growing at a CAGR of 11.7% during the analysis period. Outside of the United States, Europe has the biggest market share, and it is expected to grow at a 12% CAGR between 2021 and 2030. In addition, the Asia-Pacific region is expected to grow faster than Europe, with a CAGR of 12.8%, and to reach $50 billion by 2030. Where does crypto fit into all this? Crypto gambling is leading the way in the online gambling industry. Of course, Bitcoin can be used for other purposes like buying NFTs, cars, real estate, and even insurance. Still, the majority of Bitcoin transactions take place in crypto casinos. The most recent Bitcoin gambling statistics therefore indicate that interest in crypto gambling is growing as players continue to prefer cryptocurrencies such as Bitcoin, Ethereum, and Litecoin over traditional fiat currencies. Although exact figures are difficult to obtain, the global crypto gambling market is estimated to be worth a quarter of a billion dollars by Crypto Wisser. Moreover, as the amount of hybrid casinos grows, the global crypto gambling market is similarly expected to grow in value over time and as an increasing number of people and businesses adopt crypto which many big names like Microsoft, PayPal, Home Depot, and Starbucks already have. Crypto gamblers placed just about three billion crypto-based bets in the first quarter of 2021, according to the most recent Bitcoin casino statistics for 2022. During the same time period, the quantity of these bets increased by 116% to reach over six billion. In fact, within the first quarter of 2022, cryptocurrencies accounted for approximately 36% % of all bets in general. Most crypto gamblers also prefer to play on their smartphones due to the portability aspect. Is crypto gambling safe and where does it go from here? Provably fair games are available at approximately 77.6% of crypto casinos. These games enhance the transparency of crypto casinos which is in stark contrast to traditional casino games, as a provably fair game enables users to verify the outcome of each hand or round played. As a result, provably fair games are frequently preferred among crypto gamblers who value safety and transparency. Also, casino operators can use blockchain technology to access features that are not available in traditional casinos. For instance, crypto casinos could operate at lower costs, with improved security, and with faster withdrawal speeds, just to name a few advantages. The best part about crypto gambling, however, is that blockchain technology has a lot of untapped potential. With all the interest surrounding other emerging technologies nowadays such as NFTs, the metaverse, VR and AR, the sky could well and truly be the limit for this immensely popular industry. For more information and regular updates, visit CasinoBlockchain’s official website, blog and helpful guides. 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.
1 day agocryptopotato
YES WORLD launches Utility services portal: Available in 80 Countries
[PRESS RELEASE – Please Read Disclaimer] Singapore, – Leading blockchain based climate tech startup, operated by YES WORLD Climate Tech Pte Ltd based out of Singapore, launches Utility services portal that supports thousands of merchants in over 80 countries worldwide. YES WORLD announced today to the global community members that YES WORLD Token is getting adoption […]
1 day agocryptodaily
Signature Bank Moving Away From Crypto? Crypto Daily TV 8/12/2022
In Todays Headline TV CryptoDaily News: Signature Bank to reduce crypto-tied deposits by as much as $10 billion. Signature Bank will shrink its deposits tied to cryptocurrencies by $8 billion to $10 billion, signaling a move away from the digital asset industry for the bank that until recently had been one of the most crypto-friendly companies on Wall Street. Early bitcoin pioneer Ian Freeman goes to trial in New Hampshire. Federal prosecutors say early bitcoin pioneer and Libertarian activist Ian Freeman and a group of his associates helped scammers and other criminals launder more than $10 million using bitcoin through a network of bitcoin vending machines and in-person and virtual cash-for-bitcoin trades from 2016 until their arrests in 2021. Marathon to recover less than half of the deposit from Compute North. Marathon Digital, one of the largest publicly traded bitcoin miners, expects to recover only $22 million of the $50 million it deposited with bankrupt bitcoin miner and data center provider Compute North. BTC/USD dove 1.4% in the last session. The Bitcoin-Dollar pair plummeted 1.4% in the last session. The Stochastic indicator gives a negative signal, which matches our overall technical analysis. Support is at 16848.6667, and resistance is at 17232.6667. The Stochastic indicator is giving a negative signal. ETH/USD plummeted 3.3% in the last session. The Ethereum-Dollar pair dove 3.3% in the last session. The RSI is giving a negative signal. Support is at 1232.7567, and resistance is at 1293.2367. The RSI is currently in the negative zone. XRP/USD plummeted 2.2% in the last session. The Ripple-Dollar pair plummeted 2.2% in the last session. The Stochastic indicator is giving a negative signal. Support is at 0.3766, and resistance is at 0.3997. The Stochastic indicator is giving a negative signal. LTC/USD plummeted 3.9% in the last session. The Litecoin-Dollar pair dove 3.9% in the last session. The ROC gives a negative signal. Support is at 75.9133, and resistance is at 83.6733. The ROC gives a negative signal. Daily Economic Calendar: US Continuing Jobless Claims The Counting Jobless Claims measures the number of individuals who are unemployed and are currently receiving unemployment benefits. The US Continuing Jobless Claims will be released at 13:30 GMT, Japan's Eco Watchers Survey: Outlook at 05:00 GMT, and the UK's RICS Housing Price Balance at 00:01 GMT. JP Eco Watchers Survey: Outlook The Eco Watchers Survey closely monitors regional economic trends. The survey is considered basic material for assessing short-term economic trends. UK RICS Housing Price Balance The RICS Housing Price Balance survey presents housing costs. It shows the strength of the housing market. NL Consumer Price Index The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services. The Dutch Consumer Price Index will be released at 05:30 GMT, Australia's Exports at 00:30 GMT, and Australia's Trade Balance at 00:30 GMT. AU Exports The Exports measure the local economy's total exports of goods and services. Steady demand for exports helps to support growth in the trade surplus. AU Trade Balance The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit. 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 agocryptodaily
ECB attempts to tarnish crypto before CBDC rollout
As the European Central Bank prepares to issue its digital currency, executive member Fabio Panetta gives a speech based on trying to dissuade the public from investing in cryptocurrencies. A keynote speech by Fabio Panetta, member of the Executive Board of the European Central Bank, concentrated solely on describing what in his view are the fundamental flaws to be found in cryptocurrencies. Panetta lays out what he perceives as the risks in three fundamental flaws. Unbacked crypto-assets offer no benefits to society The first perceived flaw is that crypto assets do not perform any useful function for society. Panetta states that they aren’t used for payments, they don’t fund consumption, they don’t help fuel production, and they don’t help to combat climate change. He complains that cryptocurrencies aren’t backed, they are volatile, and they are unstable. He says that they are “notional instruments” and have no value for investors that buy them. Panetta states that there is no compensation for investors and highlights the significant losses from various collapses. He says that there are no insurance schemes and there is little protection from cyber risks. Stablecoins are exposed to runs Panetta posits that stablecoins are stable in name only. He says that they are supposed to provide stability by having their value tied to a portfolio of assets. There then follows a section on algorithmic stablecoins, and of course the TerraUSD algorithmic stablecoin is highlighted. Crypto markets are highly leveraged and interconnected Panetta makes the point that crypto markets can have extremely high leverage, creating “strong procyclical effects” where shocks aren’t easily absorbed. He points the finger at DeFi, where he says the procyclical effects are amplified by the overcollateralization common in DeFi. He says that the flaws are magnified by inadequate governance, and insufficient transparency and disclosure. Regulation and CBDCs Panetta then goes on to basically say that crypto will only endure as long as investors are looking for a place to gamble. In order to minimise this he recommends that they are regulated and that they do not receive “preferential treatment”. He says that “regulators must walk a tightrope” and avoid allowing unsound cryptos from “socialising the risks through bailouts”. He welcomes the EU incoming MiCA regulations and states that it is crucial they enter into force rapidly. The rest of the review lays out the case for central bank digital currencies (CBDCs), which in his view will be the only “anchor of stability”. He concludes with a call for urgent global regulation in order to protect consumers, and to reduce the contagion risk of stablecoins, and signs off with the following paragraph: “regulation will not turn risky instruments into safe money. Instead, a stable digital finance ecosystem requires well-supervised intermediaries and a risk-free and dependable digital settlement asset, which only digital central bank money can provide.” 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 agocryptopotato
3AC Co-Founders Su Zhu, Kyle Davies Subpoenaed in Bankruptcy Case
Both Zhu and Davies' locations also remained unclear. It is speculated that they currently reside in Dubai and Bali, respectively.
1 day agocoindesk
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It seeks to build a connected world where machines, humans, businesses, and decentralized applications (dApps) can interact with trust and privacy. IoTeX combines blockchain, its off-chain compute infrastructure called W3bstream, and open hardware to connect billions of devices and dApps across the physical and digital world. The Oniro Group and IoTeX are a perfect match as they are both IoT agnostic and are keen on building a global community of developers. Designed with modularity, Oniro offers more significant levels of flexibility and application portability across the broad spectrum of consumer and IoT devices — from tiny embedded sensors and actuators to feature-rich smart appliances and mobile companions. By enabling any Oniro-powered device to interact and transact on the blockchain, IoT and device manufacturers, OEMs and integrators, and any IoT-related project are reaching a new frontier where disruptive business models such as Sensor as a service, pay per use, data monetization are now easily accessible and implementable seamlessly. With this membership, IoTeX expands its collaboration to new spheres as it heads into 2023. More remarkable development and growth are expected as it achieves and delivers massive technological advancements in Web3. 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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About Balancer

The live price of Balancer (BAL) today is 5.9672 USD, and with the current circulating supply of Balancer at 45,858,799.93 BAL, its market capitalization stands at 273,648,550 USD. In the last 24 hours BAL price has moved 0.1724 USD or 0.03% while 1,954,617 USD worth of BAL has been traded on various exchanges. The current valuation of BAL puts it at #111 in cryptocurrency rankings based on market capitalization.

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

Balancer is a highly versatile automated portfolio manager and decentralized exchange (DEX) that allows users to trade cryptocurrency assets and create liquidity pools with up to eight different assets in any ratio. Balancer was founded in 2018 by Fernando Martinelli and Mike McDonald. The project raised $3 million in 2020 and is maintained by Balancer Labs.

Balancer's liquidity pools can be likened to a self-balancing crypto index fund where management fees, rather than being paid to fund managers, are paid to liquidity providers. Similar to other decentralized exchanges like Uniswap and Sushiswap, Balancer allows users to exchange between various cryptocurrency assets in its liquidity pools—which can contain up to eight different assets in fixed or variable weighting, allowing for automated rebalancing.

BAL cryptocurrency serves as the governance token of the decentralized platform and also as an additional reward for users who deposit tokens into Balancer's liquidity pools, besides the transaction fees they earn.

BAL price

According to our BAL/USD live price chart, BAL coin began trading in mid-2020 at around $20 and rapidly rose to reach its 2020 high of just over $38 in August. However, it lost those gains within a few weeks and fell below its listing price, eventually bottoming out at its 2020 low of around $8 on November 4. BAL price then made a strong turnaround and began ascending, closing the year at around the $14 mark. 

BAL price in USD terms took off rapidly at the start of 2021 amid widespread market optimism, maintaining the trend of strong growth over several months and later reaching an all-time high of $75 on May 4, 2021, achieving a fully diluted valuation of nearly $500 million. BAL coin's price then suffered a massive drop in the following weeks and it lost much of its early 2021 gains. 

Following the rapid drop in the BAL coin price, which lasted for about three weeks, BAL continued to slowly trend lower for the rest of 2021, eventually reaching its 2021 low of just under $13 in December 2021. The price of BAL failed to make a convincing recovery through the rest of 2021 and has slowly trended lower since the start of 2022, reaching an all-time and yearly low of around $3.6 on June 18, 2022.

How BAL works

Balancer utilizes an automated market maker (AMM) system to facilitate trades on its platform. An AMM is a smart contract that allows digital assets to be traded automatically and without the need to match a buyer and seller. Users who deposit their tokens into one of Balancer's liquidity pools earn a reward in the form of a portion of the platform's trading fees and liquidity pool (LP) tokens.

The Balancer platform serves two major sets of users: liquidity providers and traders. It allows liquidity providers to execute various strategies according to their preferences and enables traders to find the best price for trading an asset on its DEX. If a trader wishes to trade an asset via Balancer's exchange, its algorithms scan for the best price across all its liquidity pools. Once the pool offering the best price is found, it trades the desired assets via that pool, and in doing so, rebalances the pool's weighting. The pool offering the best price for the asset is, by design, the one that needs rebalancing the most. This way, Balancer is able to help traders find the best prices and automatically rebalance its liquidity pools according to their weighting simultaneously.

Balancer's liquidity pools work similarly to index funds, except that the assets in them are automatically rebalanced. In contrast to typical index funds, the liquidity providers who deposit their assets into the pool earn rather than pay fees, since there is no need for a fund manager.

Balancer news, updates & highlights

Balancer V2

In May 2021, an upgrade to the Balancer protocol dubbed "Version 2" (or "V2") was launched. It promised to reduce the gas fees required to use the platform by administering all liquidity pools from a single "vault". The vault is a smart contract that holds and manages all the assets in all Balancer pools. Several popular decentralized finance (DeFi) protocols, such as Aave, Gnosis, and Ocean Protocol, were listed as partners for the upgrade. Balancer V2 also introduced "asset managers," which are external smart contracts nominated by pools that have full power over the tokens deposited in the vault by their nominator pool. Balancer offered a $2 million bug bounty ahead of the launch of its upgrade.

BAL token

Balancer didn't originally launch with its BAL token. The token was only just distributed to users in June 2020, shortly after lending protocol Compound announced the launch of its own COMP token. The total supply of BAL tokens is 100 million. 25% of BAL's total supply was reserved for the development team, advisers, and investors. 

Five million tokens were set aside for an ecosystem fund to promote the growth of the platform, and another five million were set aside for future fundraising rounds. 65 million out of the supply are to be distributed to users.


Balancer Labs raised $3 million in March 2020—just before the BAL coin was launched—in a private sale of 5 million BAL tokens. The firm has gone on to raise an additional $29.3 million over two more rounds, both taking place in 2021. 

Frequently asked questions about BAL cryptocurrency

  • Can you mine or stake BAL?

BAL, being a governance token, can neither be mined nor staked. However, you can earn BAL tokens by providing liquidity to one of Balancer's pools.

  • Which are some of the best BAL wallets?

BAL is an ERC-20 token, so it is compatible with all wallets that support the standard. Some of the best ERC-20 wallets include Metamask and Trust Wallet. You may also store your BAL tokens in compatible hardware wallets like Ledger or Trezor.

  • What can you do with BAL tokens?

BAL is a governance token, so it grants you the ability to take part in shaping the future of the protocol by voting for or against governance proposals. The more BAL tokens you hold, the greater your voting power. You earn BAL as a reward for providing liquidity to one of Balancer's pools, in addition to a portion of Balancer's transaction fees.

  • How can you buy BAL?

You can buy BAL with your local currency or other cryptocurrencies you own by trading pairs like BAL/BTC, BAL/USDT, or BAL/ETH via an exchange like HitBTC, Binance, Kraken, or OKX.

Balancer Price5.9672 USD
Market Rank#111
Market Cap273,648,550 USD
24h Volume1,743,168 USD
Circulating Supply45,858,799.93 BAL
Max Supply96,150,704 BAL
Yesterday's Market Cap277,131,400 USD
Yesterday's Open / Close5.879 USD / 6.0514 USD
Yesterday's High / Low6.0709 USD / 5.7962 USD
Yesterday's Change
0.03% ( 0.1724 USD )
Yesterday's Volume1,954,616.60 USD
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