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1h agocryptodaily
U.S. FTC Begins Probe on Crypto Ad Misconduct
The United States Federal Trade Commission (FTC) has begun a probe on a number of crypto firms on the matter of possible ad misconduct for public materials which may have misrepresented facts and claims about cryptocurrencies and digital assets. According to a report from Bloomberg, FTC spokeswoman Juliana Gruenwald has disclosed that the financial regulator has indeed begun an investigation that involves several crypto firms "for possible misconduct concerning digital assets." No further detail has been provided by the spokesperson, and no specific crypto firm has been named as a subject of the investigation. It is likely, though, that the investigations have been spurred by the recent controversies and current legal proceedings being done towards FTX, a now-bankrupt crypto exchange which has been mired with internal conflicts for its management, as well as being the subject of regulatory difficulties for failing to disclose full details of its operations. Recent misleading advertising materials and paid promotions in the crypto space have been the subject of crypto investor backlash, and of course the prying eye of U.S. financial regulators such as the FTC. Most recently, Kim Kardashian, a celebrity entrepreneur, was served with a fine by the U.S. Securities and Exchange Commission over her actions on social media promoting EthereumMax ($EMAX), a crypto token project. Kardashian, an influencer, was paid to promote the token, but she failed to disclose such a transaction. A similar vein of investigation was also began by the FTC concerning two athletes, NFL star Tom Brady and NBA great Stephen Curry. This is in relation to their involvement with the promotion of FTX in 2022. The FTC is not alone in this initiative, though, as it has been reported by CryptoDaily. In mid-2021, the U.K. Advertising Standards Authority flagged crypto ads, and later issued an enforcement notice to at least 50 firms advertising crypto or working alongside crypto firms as agencies to produce advertising materials. A similar initiative was also done by Truth in Advertising, a U.S.-based consumer rights group which called out celebrities such as Floyd Mayweather, rappers Eminem and Snoop Dogg. These probes and the intent they are pushed forward from are nothing new, with financial regulators now wary in the aftermath of 2018's ICO scam wave. The SEC, in particular, even issued a notice dating back to 2017, in which it warned the public of celebrity investments, crypto or otherwise. "Investors should note that celebrity endorsements may appear unbiased, but instead may be part of a paid promotion. Investment decisions should not be based solely on an endorsement by a promoter or other individual," the SEC said. 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 agocryptodaily
Genesis Creditor Loans Near $2B, Crypto Daily TV 6/12/2022
In Todays Headline TV CryptoDaily News: Crypto Lender Nexo To Quit United States UK-based crypto lender Nexo said on Monday it would phase out its U.S. products and services over the coming months due to clashes with regulators. Genesis Creditor groups' loans amount to $1.8B. Customers whose money is locked up on trading and lending platform Genesis and who have taken legal advice on the matter currently account for some $1.8 billion of loans, according to a person familiar with the situation. And that number looks like it will continue to grow. Another round of job cuts for Bybit. Crypto exchange Bybit will implement another round of job cuts as it tries to refocus its operations amid a "deepening bear market," CEO Ben Zhou announced, A screenshot of a message in which Zhou said the layoffs would affect 30% of staff, taken from the company's internal messaging platform, was floating around Telegram group chats on the same day. BTC dropped 0.9% against USD in the last session. The Bitcoin-Dollar pair fell 0.9% in the last session. The Stochastic indicator is giving a negative signal. Support is at 167581 and resistance at 173841. The Stochastic indicator is currently in the negative zone. ETH/USD plummeted 1.6% in the last session. The Ethereum-Dollar pair dove 1.6% in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 1223.931 and resistance at 1312.091. The Ultimate Oscillator is currently in the positive zone. XRP/USD made a minor downward correction of 0.1%. The Ripple-Dollar pair corrected downwards in the last session, falling 0.1%. The Williams indicator's negative signal aligns with the overall technical analysis. The Williams indicator gives a negative signal. LTC/USD exploded 3.8% in the last session. The Litecoin-Dollar pair gained 3.8% in the last session after rising as much as 8.9% during the session. The ROC's positive signal is in line with the overall technical analysis. Support is at 75.1433 and resistance at 78.4433. The ROC is currently in positive territory. Daily Economic Calendar: US API Weekly Crude Oil Stock The API’s Weekly Statistical Bulletin reports overall U.S. and regional data relating to refinery operations and the production of the four major petroleum products. The US API Weekly Crude Oil Stock will be released at 21:30 GMT, Australia's RBA Interest Rate Decision at 03:30 GMT, and the Eurozone's EcoFin Meeting at 07:00 GMT. AU RBA Interest Rate Decision The RBA Interest Rate Decision is announced by the Reserve Bank of Australia. The interest rates are a key mechanism through which the central bank influences inflation. EMU EcoFin Meeting The Economic and Financial Affairs Council, the main decision-making body of the Council of the European Union, is composed of the Finance Ministers of the 27 European Union member states. UK BRC Like-For-Like Retail Sales The British Retail Consortium Like-For-Like Retail Sales measures changes in the actual value of retail sales from participating companies with invaluable management information on a regular and reliable basis. The UK's BRC Like-For-Like Retail Sales will be released at 00:01 GMT, Australia's RBA Rate Statement at 03:30 GMT, and Japan's JP Foreign Reserves at 23:50 GMT. AU RBA Rate Statement Decisions regarding the interest rates are made by the Reserve Bank Board and are explained in a media release that announces the decision after each meeting. JP Foreign Reserves The Foreign Reserves are the total of a country's gold holdings and convertible foreign currencies held by its central bank. 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 agocoindesk
Misfortune Favors the Crypto Mouthpiece
The Bourne trilogy actor’s ad is a stand-in for all the cringe-inducing celebrity crypto shills you wish you could unsee. That’s why Matt Damon is one of CoinDesk’s Most Influential 2022.
5 days agocryptodaily
Utherverse Partners with Tokensoft to Launch IDO for Native Metaverse Token
New York, NY, 30th November, 2022, ChainwireUtherverse, one of the largest metaverse platforms in the world, has signed a partnership agreement with Tokensoft, the leading technology platform for launching digital assets. The deal will facilitate the first and second presale rounds of Uther Coin (UTHX) as part of the token’s initial decentralized offering (IDO). Uther Coin will be the primary token used for transactions throughout the next generation Utherverse Software Platform. Utherverse powers one of the most popular and advanced metaverses ever built. As such, Uther Coin will be needed by everyone accessing the preeminent metaverse. “Tokensoft has proven itself a credible resource for IDOs that delivers on its promises and the recent launch of its Web3-enabled platform makes it one of the strongest performers out there,” said Brian Shuster, founder and CEO of Utherverse. “We are anticipating a tremendous response to Uther Coin from our international community. Utherverse is going to significantly change the metaverse landscape and our coin will likely be a top performer among IDOs as we approach the launch of the Utherverse.” As part of the agreement, a pre-sale of Uther Coin will be made available to buyers outside the United States and Canada beginning December 1. Interested persons should go to to get approved and listed for the sale. Founded in 2017, Tokensoft is a technology platform for creating and managing digital assets, based in Austin, Texas. The Tokensoft platform helps customers comply with applicable regulations internationally to access a global user base. To date, Tokensoft has helped create over $18 billion in market capitalization with projects such as Avalanche, The Graph and Moonbeam. Utherverse is a metaverse platform that enables developers to build interconnected virtual worlds, provides hyper-realistic immersive experiences for consumers and opportunities for companies to market and monetize their products and services. Utherverse generates revenue from custom metaverse building services, sales of NFTs and a variety of business verticals including advertising/marketing, shopping/retail, conferences/conventions, education, dating, lifestyle, entertainment events/performances, VIP experiences and virtual offices. About Utherverse The Utherverse platform was launched in 2005 by internet visionary Brian Shuster. A beta version of the next generation Utherverse platform is expected to launch in early 2023. The platform has served 50 million+ users with 32 billion+ virtual commerce transactions. Utherverse has developed the technology and received more than 40 patents critical toward operating large-scale metaverses. The company is based in British Columbia, Canada. More information can be found online at For more information please visit/follow us on: Twitter Instagram Facebook LinkedIn Telegram Discord: Utherverse.ioContactSteve HonigThe Honig Company, [email protected]
6 days agocointelegraph
Crypto Stories: John McAfee tells the story of how he first found out about Bitcoin
British-American businessman John McAfee talks about his crypto story and how he discovered BTC.
7 days agocryptodaily
The Solution To Crypto Private Key Management Has Arrived
Anyone who knows anything about crypto safety and security will have heard of the mantra “not your keys, not your coins”. For those who really care about securing their crypto, it’s imperative to maintain control of your private key - a randomly generated string of letters and numbers that provides access to your crypto wallet. Those who don’t control the keys do not control their funds, as customers of the popular crypto exchange FTX recently found out. Anyone who leaves their crypto in an exchange account is essentially trusting that platform to hold onto their funds for them - and that clearly isn’t a good idea. But as foolish as it is, people continue to trust cryptocurrency exchanges. That’s because so-called non-custodial wallets have indirectly caused the loss of an estimated $100 billion worth of Bitcoin alone, due to people losing their private key and being unable to access their funds. It’s no joke, as Briton James Howells discovered back in 2013 when he accidentally threw away a hard drive containing Bitcoin that is now estimated to be worth $200 million. The private keys were saved on the same hard drive that is now buried in a landfill site, meaning that he has no way to recover his lost fortune. It’s a dilemma that’s bad for crypto. With no easy system in place for people to retain control of their funds, the industry will probably never be able to achieve its goal of onboarding billions of people around the world into an alternative financial system. However, it doesn’t have to be this way. There’s a misnomer in crypto that users have a straightforward choice between using a centralized exchange, which means entrusting their funds with a third-party, or a non-custodial wallet, where they retain the private key. Leaving your funds in a crypto exchange means giving up your control and freedom in return for the peace of mind that, if you somehow lose your password, you’ll still be able to recover it through email and access your funds. It’s a trade off though, because exchanges have shown time and time again that they can’t be trusted to manage their customer’s funds. The only alternative is to manage your private keys yourself, and run the risk of one day misplacing them and losing access to your funds forever. Introducing the MPC Wallet: A Safer Option What few people realize is that there’s actually a third option, which offers a much better way. It’s a relatively unknown solution called the Multi-Party Computation wallet and can be thought of as a kind of hybrid between the two above options. MPC wallets are a viable solution that have already been adopted by institutional investors for some time already. Services such as Fireblocks, for instance, have been helping big-bucks investors retain safe custody of millions of dollars worth of crypto assets for years, and it’s about time that this technology has the same impact in the consumer space. What is an MPC Wallet? MPC wallets use some cryptographic wizardry to create a secure key management system that allows multiple parties to generate a new key, sign and verify transactions, securely and without any single point of failure. The way they work is quite technical, but essentially what happens is that the private key is split into multiple pieces that are linked using cryptographic techniques. As such, the task of verifying a transaction is split into smaller parts that are completed by multiple, different parties. Once all of these individual parts have been completed, they can be combined to verify the final result. It’s an approach that provides greater security and anonymity to users. The advantages of MPC wallets is that the user never has to deal with the private key. It means they can always access their wallet and the funds within it, and there’s no single point of failure that would enable hackers to access it. What MPC Wallets Are There? MPC wallets were traditionally only been available to institutions through a provider called Fireblocks. Its MPC wallet service essentially breaks up the private keys into multiple shards that are distributed between various parties, who must each verify a transaction before it can be confirmed. The requirement for multiple parties to be involved meant that it was difficult to provide this kind of service to consumers, but that has changed with the availability of MPC wallets from Coinbase and ZenGo. Coinbase introduced its MPC wallet earlier this year, allowing users to access a range of third-party dApps directly within the Coinbase applications. ZenGo, meanwhile, has actually been around for several years. In both cases, the way it works is that the user retains a part of their private key, with Coinbase or ZenGo storing the other part and helping the user to verify transactions. In this way, the wallet provider is unable to access the user’s funds. The main benefit for users is that they don’t have to worry about losing their private key as they never actually see it. Coinbase promises users that, even if they lose access to their device, the key to their wallet will remain safe and can be accessed with the company’s assistance through its live support channels. In the case of ZenGo, it relies on an encrypted biometric scan, email authorization and recovery software that’s installed on the user’s smartphone or laptop. By combining these technologies, ZenGo provides a simple way for users to access their wallet, without them ever having to worry about the private key. Recoverability Encourages Adoption The harsh reality is that it’s impossible to recover a traditional non-custodial wallet if you lose the private key. On the other hand, MPC wallets provide a familiar recovery experience, similar to the process of restoring access to a social media account. This kind of recoverability capability is likely to be crucial going forward. With episodes like FTX, users have become acutely aware of the dangers of keeping their funds on an exchange. Yet the alternative of trying to securely store a private key somewhere and never losing it is not appealing. It’s fair to say that many people simply do not trust themselves to look after something that’s so important. If the crypto industry is to onboard billions of users around the world, a safe and secure recovery method is absolutely a must-have. By providing a way for new users to hold assets without worrying about losing their private key, MPC is opening the door to crypto for millions of new users. 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
9 days agocryptodaily
Bitcoin is the red pill that allows you to escape the Matrix
We are embedded in a monetary system that is deeply flawed. It is stealing the wealth of the people, but we need it to survive. Is there any way out? In the acclaimed Sci-Fi film The Matrix, Neo has to choose between the red and blue pills. The blue pill means staying with the relative comfort of the system he has always known, while the red pill will take him down a rabbit hole of perilous truths. In the film, Morpheus tells Neo: “You take the blue pill…the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill…you stay in Wonderland, and I show you how deep the rabbit hole goes.” Our truth We are all pretty much like Neo in his life before full realisation. However, most of us will remain in the bath of fluid where cables are attached all over the body, transporting the lie serum to every part of our being. In our case, the serum comes in the form of government edicts that break away huge chunks of our freedom. We are told that it’s for our own good, that evil terrorists will exploit these loopholes, and that for the good of society we must give up more of our freedoms. The serum is also the mainstream media, printing whatever the powerful decide should be the narrative. If the people are scared enough, then new laws can be passed with much less pushback. The serum is also the tranquilising effect of television or social media. If most of the population are glued to the life of some celebrity or other, then actually looking into how currency comes into being might appear extremely boring in comparison. Looking into Bitcoin For many, that red pill moment comes when you start looking into Bitcoin. If you aren’t just speculating on the price you want to know how this thing works. You want to find out for yourself if it is a scam or not. So when you go down the Bitcoin rabbit hole you find that it leads to unimagined depths. You find that you start questioning the system you live in. You find that our monetary system is a total lie and that governments are running Ponzi schemes that need ever-accumulating debt in order to survive. The lie Once upon a time, the fiat currency system was backed by gold, and this prevented governments from going over their spending limits. But if you need to wage war, or if you need to do all kinds of other spending, then gold backing is no good. If you don’t have to back every dollar, pound, or yen with gold, then this leaves governments free to print as much currency as they want. As more currency is printed into circulation, it is worth less in the bank accounts of the people. For example, the US dollar has lost over 96% of its value since the Federal Reserve (a privately owned bank) took over the US banking system in 1913. A dollar now would only be worth 4 cents back then. Nixon took the dollar off of its gold backing completely in 1971. It was announced by the president at the time that the move would be “temporary”. In the chart below, it can be seen how the dollar has devalued since that time. Source: Opportunity Taking that red pill allows you to realise that all of this is happening. It gives you the opportunity to put some of your wealth outside of a banking system that could collapse in a not too distant future. Mainstream media would have us believe that Bitcoin is a scam, that it is a kind of fool’s gold. Nobody knows if it will continue to work into the future, given the heavy regulations and restrictions that governments want to impose on it. Satoshi Nakamoto’s code has already been battle tested, but the coming war on crypto will test it to the absolute limit. A people’s currency is anathema to the central banks. They can only continue to operate as long as the lie continues that fiat currencies are the only safe and secure way to transact. Central bank digital currencies are currently being developed and rolled out across the world. These will strip away every last vestige of monetary freedom from the individual. Take that red pill before it’s too late. 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.
12 days agocryptodaily
VRJAM Reveals New Project Supported By Epic Games Ahead Of VRJAM's Coin Launch
London, United Kingdom, 24th November, 2022, ChainwireLeading immersive live events platform VRJAM today unveiled an exciting new project to empower artists to perform live in the metaverse, powered by the world's no. 1 game developer, Epic Games. Epic Games have supported VRJAM's work on this revolutionary project by way of an 'Epic Megagrant', made available to the company to help power the development of a software solution to activate live performances inside 3D graphical apps and games, thus enabling VRJAM's live event tech to be accessed by developers and app publishers using Epic's own 'Unreal Engine' software development platform. Other recipients of financial support from the Epic Megarants fund include industry leaders Pixar Studios, Cambridge University, and The Jim Henson Company. VRJAM's cooperation with Epic Games follows VRJAM's recent announcements of partnerships with major companies and brands, such as interactive metaverse concert streamer Animal Concerts, Ethereum scaling blockchain protocol Polygon, and Martian 3D mapping company Mars4. This announcement heralds the launch of VRJAM's native cryptocurrency VRJAM Coin which is scheduled to launch on the market and cryptocurrency exchanges on the 30th of November. These achievements alongside the receipt of an Epic MegaGrant all highlight the potential and capability of VRJAM's solutions. The software solution that VRJAM is building with Epic's support is a live performance toolset that empowers content creators to publish real-time computer graphical content on a wide array of platforms using advanced motion capture and CG avatar technology. By combining the power of Unreal Engine's suite of photoreal asset tools with VRJAM's creators and partners, the project will engineer experiences that rival reality in every way. In the future, VRJAM plans to engage a wide array of high-profile Epic developers to integrate with their live events platform thus creating an interoperability solution for games and apps in the Web3 vertical. This remarkable combination of technologies will create metaverse events that offer an unparalleled degree of authenticity and realism, allowing fans and performers to co-exist within a single, hyperreal space, thus bringing fans and artists closer together than ever before. At the heart of this experience, VRJAM's native currency VRJAM Coin will exist to create new ways to value and monetize these live experiences using the power of blockchain and cryptocurrency. VRJAM's native currency launches and becomes available for trade on cryptocurrency exchanges on the 30th of November, to get early access to purchase VRJAM Coin head to the Enjistarter Launchpad and secure your place in the VRJAM community - To find out more follow VRJAM on Twitter ( or check out the VRJAM website, – About Epic Megagrants Founded in 1991, Epic Games is an American company founded by CEO Tim Sweeney. The company is headquartered in Cary, North Carolina, and has more than 40 offices worldwide. Today Epic is a leading interactive entertainment company and provider of 3D engine technology. Epic operates Fortnite, one of the world's largest games with over 350 million accounts and 2.5 billion friend connections. Epic also develops the Unreal Engine, which powers the world's leading games and is also adopted across industries such as film and television, architecture, automotive, manufacturing, and simulation. Epic Games has committed to providing financial grants to creative, noteworthy, and innovative projects built in and around Unreal Engine, and to projects that enhance the open-source 3D graphics ecosystem. Grants range from $5,000 to $500,000 and cover a variety of endeavors from game development, architecture projects, and film production, to academic uses and software tool development. About VRJAM VRJAM is a real-time platform for virtual events and immersive content creation. Our platform empowers creators and brands to offer fans inspiring immersive experiences that redefine fan engagement. VRJAM works with the world's leading content creators, celebrities, artists, and culture brands to redefine fan experience in the digital space. These experiences are monetized using VRJAM's native cryptocurrency, VRJAM Coin, and also by way of the creation of revolutionary new types of NFTs that are native to the virtual world of VRJAM. Twitter Telegram Discord Instagram facebookContactMarketing LeadAshley [email protected]+310627165641
12 days agocryptodaily
Post-FTX Collapse: Which Crypto Platforms Are Safe To Consider?
The FTX cryptocurrency was one of the fastest-growing in recent years, able to quickly garner political support, celebrity investment, capital infusion, and other ways to fast-track success. On their way to the top, they cut every corner and worse — having used customer funds to trade with prior to filing for bankruptcy. Making matters worse, many other companies — even other cryptocurrency platforms — had exposure to FTX or relied on FTX for funding, credit, or liquidity. The contagion is spreading all across crypto — which crypto platforms are safe to consider at this point? The Safest Crypto Platforms For 2023 Following the FTX scandal, the fallout continues to be revealed. The situation has also uncovered that many other exchanges and platforms stored funds at FTX, while even more companies relied on funding from the brand, once worth billions. The contagion keeps spreading, leaving very few platforms unscathed at this point. Here is a short list of the platforms remaining with positive reputations that can be trusted. Binance Binance is the largest crypto platform by trading volume worldwide, and with FTX out of the way, probably the most recognizable. Binance was also integral to starting the domino effect that took down FTX and, in the past, has had some other less-than-savory situations arise. But because the platform is in the center of the public eye, it has always come out the other side with customer funds safe and secure – and that is what is most important. The company has backed up its word with transparency, providing proof-of-reserve of its balance sheet. Binance is also one of the oldest on the list, giving it both brand power and longevity. Binance built a reputation on its extensive list of altcoins and has since released a large lineup of trading and investment products, including derivatives, an NFT marketplace, crypto loans, gift cards, and more. PrimeXBT PrimeXBT is one of the most awarded cryptocurrency trading platforms in the entire industry, known for its strong reputation and reliability. The company has never been involved in a hack or any type of scandal and features products in partnership with the regulated and licensed Covesting team. The list of awards includes Best Bitcoin Margin Trading, Best Crypto Trading Platform, Best Crypto Trading App, Best Crypto And Forex Broker, and most recently, the Most Trusted Crypto-Asset Trading Platform. The platform protects customer funds using a proprietary cold storage solution and is built on bank-grade security infrastructure. The trading engine is fast, boasting 99.9% uptime. The company is also known for transparency in everything it does, providing real-time data through the Covesting copy trading module. PrimeXBT also regularly released a monthly trader’s report highlighting top-performing traders to promote confidence in the community. Trading tools include up to 200x leverage on cryptocurrencies and even more on traditional assets like gold, oil, the S&P 500, and forex currencies. With access to such trading instruments, it is possible to build a diverse portfolio of uncorrelated assets and better protect capital than anywhere else. Margex The Margex trading platform is another margin trading platform like PrimeXBT, but it stops short at 100x leverage on cryptocurrencies and doesn’t offer the traditional asset exposure that PrimeXBT does. However, there are many unique features, such as a trade while staking tool that allows traders to use a staking balance as collateral. Margex also has a clean reputation and is trusted by the cryptocurrency community, but it is the newest on the list, with the least amount of time in the market. Still, customer safety and security appear to be at the forefront of the services they provide since all solutions are protected by the company’s exclusive MP Shield technology. ByBit ByBit is yet another trading platform with up to 100x leverage, but in addition to perpetual swaps, ByBit also offers options contracts trading. Only cryptocurrencies are available to trade with, but there are plenty of exotic alternatives to choose from, such as leveraged token trading. The company is trusted and actively engages with the cryptocurrency community. It also offers crypto loans, an NFT marketplace, and a Web3 wallet. Summary With the FTX implosion so visible to the public, trust is on thin ice during the already dangerous crypto winter. Only a few platforms remain that have a reputation for reliability and innovative tools; picking the right one is paramount to success. 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.
14 days agocointelegraph
Texas to probe FTX endorsements by Tom Brady, Stephen Curry and other celebs
The Texas State Securities Board is scrutinizing payments received by celebrities to endorse FTX US, as part of a wider probe into FTX's collapse.
15 days agozycrypto
FTX Class Action Lawsuit Draws Renewed Scrutiny Over Crypto Endorsements
A number of FTX users have filed a class action complaint and demand for jury trial against founder and former CEO of FTX Sam Bankman-Fried (SBF) and a number of other defendants comprising of sports and entertainment celebrities like Tom Brady, Gisele Bundchen, Stephen Curry, Golden State Warriors, Shaquille O’Neal, Udonis Haslem, David Ortiz, William […]
16 days agocryptodaily
Crypto Weekly Roundup: Silvergate Stumbles, CZ’s Fund, And More
The market is still fumbling in the aftermath of the FTX debacle. However, CZ’s recovery fund announcement boosted morale on the pricing charts. Let’s find out more. Bitcoin According to recent data, an estimated 190,000 BTC have been withdrawn from exchanges in the week following the news of FTX’s liquidity crisis. Ethereum Regulators are scrutinizing the crypto space with even more of a keen eye after the FTX bankruptcy, and experts are claiming that Ethereum’s switch to proof-of-stake had “put a huge target” on Ethereum’s back. DeFi Liquidity hub Serum had to be forked as it was compromised when a hack targeted the crypto exchange FTX. Altcoins Binance CEO Changpeng Zhao said in an AMA that most people should not invest in the crypto market now but should continue to hold. Technology Changpeng Zhao has revealed that his crypto exchange Binance will act as the ‘guinea pig’ for Vitalik Buterin’s Proof-of-Reserves protocol. Business In a sign that the FTX collapse continues to spook investors, shares of crypto bank Silvergate Capital fell significantly on Friday. Liquidator presiding over the FTX Chapter 11 bankruptcy claims that it was worse than the Enron liquidation process. The Securities Commission of The Bahamas announced that it directed that all digital assets of FTX Digital Markets Ltd (FDM) be transferred to a digital wallet controlled by the Commission for safekeeping. Crypto lender Genesis was seeking a $1 billion emergency loan just before suspending customer withdrawals on Wednesday. Matter Labs has raised $200 million in its latest Series C funding round to develop the platform’s zkSync V2 rollup network. With the pull-out of FTX from the purchase of Voyager following its own bankruptcy, Binance has gained a pole position in the new sale of the crypto lending platform. A third-party audit has revealed that the Luna Foundation Guard spent $2.8 billion to defend the peg of the algorithmic stablecoin TerraUSD (UST). Lawsuits hit a string of high-profile celebrities, like Tom Brady, Stephen Curry, Gisele Bundchen, Larry David, and Naomi Osaka, for endorsing and promoting the now-bankrupt FTX cryptocurrency exchange. Crypto lender BlockFi is preparing for a potential bankruptcy filing in the wake of the collapse of the FTX crypto exchange last week. FTX-owned crypto exchange Liquid Global has announced that it is suspending all crypto and fiat withdrawals as the FTX collapse continues to affect the markets. Ikigai founder Travis Kling disclosed the company’s exposure to FTX on Twitter and stated that it could not retrieve most of its funds. As per crypto compliance firm Argus, Alameda Research amassed hordes of tokens that were supposed to be listed on FTX. Crypto prices shot up on November 14 after CZ declared on the news that he wants to put together an “Industry Recovery Fund” to support promising projects undergoing a liquidity crisis. Regulation Amid its ongoing battle with the SEC, Ripple has announced that it is seeking to expand its presence in the European Union (EU). Coinbase CFO, Alicia Haas, says that fraud issues are with some centralized exchanges and not with crypto. NFT Football superstar Cristiano Ronaldo has launched his first-ever NFT collection in partnership with crypto exchange Binance. 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.
17 days agocryptodaily
Ripple Sets it Sights on Ireland Amid Ongoing SEC Battle
Amid its ongoing battle with the United States Securities and Exchange Commission (SEC), Ripple has announced that it is seeking to expand its presence in the European Union (EU). In an interview with CNBC earlier this week, Stuart Alderoty, General Counsel for Ripple, said that “effectively, Ripple is operating outside of the U.S.” as it stands due to its ongoing legal woes with the SEC. He added: Essentially, its customers and its revenue are all driven outside of the U.S., even though we still have a lot of employees inside of the U.S. Whilst it patiently awaits the outcome of its lawsuit, Ripple is planning to expand its presence in Europe. The firm already has two employees working on the ground in the Republic of Ireland and is seeking a virtual asset service provider (VASP) license from the Irish Central Bank so that it can “passport” its offerings throughout the EU via an entity based there. The company also plans to file an application for an electronic money license in the country “shortly.” Alderoty said that he expects a ruling on the case against Ripple which has been going on since 2020 very soon, adding that “we are at the beginning of the end of the process in our case.”. The SEC filed a lawsuit against the company alleging that the firm and its executives illegally sold XRP tokens, a cryptocurrency created in 2012 by the firm’s founders, to investors without first registering the token as a security. The company denies claims that XRP is a security, arguing that the token should not be considered an investment contract and is used in its business to facilitate cross-border transactions between banks and financial institutions. Ripple Plans to Expand in Anticipation of MiCA Ripple’s plans to expand into the EU are driven by anticipation of the zone’s Markets in Crypto Assets (MiCA) regulations coming into effect within a few years. The regulatory framework was passed by EU lawmakers earlier in the year and seeks to align rules regarding crypto assets across the region. Beyond the EU, Ripple has also made the United Kingdom a priority by releasing a white paper with a set of guidelines outlining how it thinks Britain should regulate cryptocurrencies. 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.
18 days agocoindesk
Here’s How Some FTX Account Holders Can Get Their Money Back – But Time Is Running Out
British computer scientist Joshua Browder discusses how institutional investors can file “Schedule E” claims in a bid to recover their funds from the beleaguered exchange.
18 days agocryptodaily
Top Crypto Investments 2022: DogeCoin Ethereum Bitcoin Toon Finance Coin
The crypto arena has endured a testing 2022, albeit nowhere near as many problems as real-world economies, but has continued to present savvy investors with some truly incredible opportunities. Whether looking at day trading or HODLing assets for the long haul, navigating a digital minefield of over 12,000 digital assets can feel daunting for new and experienced investors alike. Here are four fantastic tokens to include in your portfolio. Dogecoin The DogeCoin crazy in 2021 saw the memecoin enter the public consciousness thanks to a long list of celebrity endorsements. While it has come back down to earth since rocketing back then, there is a very strong chance that it will enjoy another major bull run in the months to come. Not least because Elon Musk is a massive fan and his acquisition of Twitter could see DOGE become the hottest crypto talking point on social media. While the open-source peer-to-peer digital currency started as a joke coin, it has become one of the most important tokens in the crypto landscape. It has introduced many new audiences to the power of crypto and shown how quickly the fortunes of digital assets can change. Right now, it is a long way short of its peak from May 2021 but could easily surpass that price to show a 1000% growth or more. After all, DOGE is still at a very low price of under $0.05. Investors can acquire a huge number of tokens for a modest investment. Given the potential room for growth, it could be one of the best investments. Ethereum Ethereum is now the biggest blockchain in the digital arena, at least in terms of transactions completed. Given that its native ETH coin is a central focus for all those transactions, it is perhaps one of the most stable investments for crypto enthusiasts. Better still, if the sector is to enjoy a positive trajectory over the next 12-24 months, it is likely that ETH will show a sizeable ROI. After Incredible growth in late 2020 through to 2021, ETH saw a decline in the first half of 2022. However, it is now on the rise again. At just over one-third of the price it was during its peak, there is ample room for growth. With the crypto landscape set to experience a big year following the uncertainty surrounding real-world investments and inflation, ETH is set to be one of the main beneficiaries. For both short-term investors and those looking to hold digital tokens for the long haul, ETH will be a wise addition to any portfolio. Bitcoin Launched back in 2009, Bitcoin is the granddaddy of cryptocurrencies while BTC is the one token that even the biggest doubters will know about. While Bitcoin has already witnessed exponential growth that turned early investors into millionaires, experts predict that the price could hit $270,000 by the end of the decade. If this happens, it will signal a growth of more than 15x the current investment. After a difficult 2022 for the entire economy, now could be the opportune moment to join the BTC revolution before the ship sails once more. Given its influence on the industry as a whole, it is often the driving force behind market movements. So, if other digital assets held in your crypto wallet show a big ROI, it’s likely that any Bitcoin investments will be in the green too. Thanks to fractional ownership, you don’t have to worry about dropping a five or six-figure investment either. So, it becomes a great option even for a first-time investor who is late to the party. Toon Finance Coin One of the late candidates for the title of best toke in 2022 hasn’t even been publicly released just yet, however, thanks to its immensely successful pre-sale phase, it is fair to assume that Toon Finance Coin will gain a lot of support once it officially lands on January 1, 2023. It’s already listed on Coin Market Cap and, highlighting the seriousness of the gaming-related digital asset. Toon Finance is a Defi platform that focuses on space battle grounds and player v player battles within the metaverse. It combines blockchain tech and SHA256 encryption with elements of competitive gaming and NFTs. The cute animated characters that can be bought and traded with the Toon Finance Coin ensure that it will be a central feature for all fans of the growing community. It is another platform that highlights the ever-changing face of cryptocurrency and could be one of the best (and enjoyable) tokens to hold heading into 2023. Toon Finance Protocol/ToonFi Telegram/Toon Finance Presale 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.
18 days agocointelegraph
Nifty News: Celebs lose big on BAYC, Meghan and Harry building a metaverse, and more.
Celebrities are facing huge losses on their Bored Apes bought during the NFT peak, but big names like Sony and Adidas are pushing further into the industry.
19 days agocoindesk
Wells Fargo, HSBC Add Offshore Yuan to Blockchain Foreign-Exchange System
The system started operating almost a year ago with the U.S. and Canadian dollars, British pound and euro and has settled over $200 billion in transactions.
19 days agocointelegraph
Tom Brady and other celebrities named in class-action lawsuit against FTX
Evidence suggests “FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors,” according to the lawsuit.
19 days agocoindesk
U.S. Crypto Investors Sue FTX’s Sam Bankman-Fried, Company’s Celebrity Endorsers
The plaintiffs in a class-action suit claim that the heavily-marketed FTX yield-bearing crypto accounts were actually a Ponzi scheme.
20 days agocryptopotato
FTX Investors Sue Bankman-Fried Over Yield-Bearing Crypto Accounts (Report)
Investors are requesting $11 billion in damages from the bankrupt exchange and its celebrity promoters, including Tom Brady.
27 days agocryptopotato
From Tom Brady and Steph Curry to BlackRock – Some of the FTX Investors and Partners
The crypto market can play cruel jokes, even to some massive investment companies or celebrities.
27 days agocoindesk
Kim Kardashian Looks Set to Win Investor Lawsuit Over EthereumMax: Report
Kim Kardashian looks set to win an investor lawsuit against her and other celebrities over the cryptocurrency EthereumMax (EMAX), after a judge tentatively dismissed the case Monday, according to a Bloomberg report.

About BritCoin

The live price of BritCoin (BRIT) today is ? USD, and with the current circulating supply of BritCoin at 21,268,092.15 BRIT, its market capitalization stands at ? USD. In the last 24 hours BRIT price has moved ? USD or 0.00% while ? USD worth of BRIT has been traded on various exchanges. The current valuation of BRIT puts it at #1151 in cryptocurrency rankings based on market capitalization.

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

BritCoin Price? USD
Market Rank#1151
Market Cap? USD
24h Volume? USD
Circulating Supply21,268,092.15 BRIT
Max SupplyNo Data
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
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