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Cherry Token price, market cap on Coin360 heatmap

Cherry Token(YT)

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? SAT
Market Cap (Rank#1471)
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? BTC
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? BTC
Circulating Supply
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Max Supply
100,000,000
1h agocryptodaily
Code is the answer - not more regulation and intermediaries
Heavy regulation is on the horizon for the crypto industry. However, is this going to help the innovations that can change everything for finance? Crypto to zero? According to leaders from the banking industry, world financial agencies, and government watchdogs, the crypto industry is one that is just too dangerous for the financial system to tolerate, or for the average Joe to invest in. All the ‘centralised’ crypto exchanges are on the verge of collapse if they haven’t already done so, and the ensuing contagion is likely to cause most cryptocurrencies to go to zero, and for Bitcoin to head well under $10,000. Heavy regulation and intermediaries That will then be that. Or will it? Surely it cannot be argued that the financial system we have in place is fit for service? Inflation is rampant, debt is at the highest level it has ever been in monetary history, and it will probably only take the odd bank or two to go down to bring the rest of the pack of cards down as well - just like the legacy finance leaders are saying about crypto. Gary Gensler is the chairman of the Securities and Exchange Commission (SEC). He says that he wants to insert intermediaries in between every DeFi platform and those who want to transact with them. The MiCA regulation that is about to be passed into law in Europe would inflict onerous requirements upon all crypto platforms that would probably see them leaving European shores in droves. It all seems to be about regulation aimed at squashing the life out of crypto. It could be asked though, has regulation, no matter how heavy and demanding, done a great deal to stop banks carrying out nefarious activities that have done massive harm to the economy and investors alike? Crypto vs CBDCs We are at a junction. The road favoured by governments, banks, and the major world financial agencies is one where the legacy, fiat-backed monetary system persists, and where within a couple of years or so, central bank digital currencies (CBDCs) are phased in in order to assert total monetary power over citizens. The other road is being prepared by entrepreneurs, builders and thinkers from around the world. On this road the way forward is not about onerous regulation, harsh enforcement, and total control, it is about code. The code is all about doing away with intermediaries in any shape or form. All regulations and requirements can be built in at the beginning so there just isn’t any need for huge government watchdog agencies. Bitcoin is built on code. It doesn’t need entities like the Federal Reserve with its teams of economists to ease or tighten monetary policy, it just does what the code tells it to do, and therefore it provides a system which has the strongest network the world has ever seen, totally secure, and allowing anyone to interact with anyone else in the world without any intermediary saying yay or nay. Governments and banks do not like this. It eats into their power and control because it has no political leanings, no racial prejudices, and isn’t controlled by anyone. When CBDCs come into being and the world’s population finally understands what is at stake, code will be the answer. A trustless system is what the human race needs, and out of the innovation in crypto will come such a system. Bitcoin is already here, we just need that fair and trustless monetary exchange system to go with it. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptopotato
The Fabricant Launches Wholeland: The Ultimate Web3 Fashion Experience
{PRESS RELEASE – Amsterdam, Netherlands, 5th December 2022] Pioneering startup The Fabricant has gone live with its boundary-pushing digital fashion storytelling project Wholeland, with a trailer that sets the scene for a provocative world that splices digital couture, mythology and the rave scene. The ambitious move is designed to raise the bar for the wider […]
1 day agocryptodaily
The Fabricant Launches Wholeland: The Ultimate Web3 Fashion Experience
Amsterdam, Netherlands, 5th December, 2022, ChainwirePioneering startup The Fabricant has gone live with its boundary-pushing digital fashion storytelling project Wholeland, with a trailer that sets the scene for a provocative world that splices digital couture, mythology and the rave scene. The ambitious move is designed to raise the bar for the wider digital fashion industry, and lead a shift in focus away from the bear market to building Web3 experiences that create long-term, high-value engagement. The OG digital fashion player is famous for its world-leading craftsmanship, gaining global prominence when it was founded as the world’s first digital fashion house in 2018. It sold the first-ever digital garment on blockchain for 54 ETH in 2019 ($9,500 at the time). Notable collabs with physical brands such as Off-White, Adidas and World of Women contributed to it raising $14M in Series A funding in April this year. Wholeland is described as a digital fashion story and a visually rich journey of self-discovery that unfolds across 7 chapters. Each chapter includes digital couture, AR wearables, co-creation, fashion shows, metaverse meet-ups and airdrops. Access to Wholeland can only be gained through minting one of The Fabricant’s pieces of AR facewear, called XXories, that act as a key to the wider experience. Anyone can apply to Join the waitlist to mint an XXorie through The Fabricant website. The WHOLELAND concept asks participants to fearlessly express all that they are through digital fashion, exploring parts of their identity that they might not share in the physical world. Digital fashion fans will see the story unfold as they journey through the different chapters, with the ability to take advantage of various benefits as they progress. Wholeland’s opening chapter has multiple points of interaction for participants: The XXories, 7 pieces of bold digital facewear that elevate virtual self-expression, and act as a key to the experience The Kappers - headpieces that mix historic Dutch style with a contemporary clubland aesthetic ready for co-creation The Looks, Couture garments that invite fearless digital fashion expression Secret Drops and groundbreaking collabs with the hottest digital artists and innovative brands And ultimately, the Wholeland metaverse - an immersive digital fashion world of highly crafted visual storytelling It all starts with the mint of the XXories in February, so sign-up to the waitlist to get access to the most innovative fashion experience in Web3. About The Fabricant thefabricant.com | @thefabricant | @the_fab_ric_ant | discord.gg/thefabricant The Fabricant is a digital-only couture house that splices fashion with tech to redefine craftsmanship for the virtual space. It was founded in 2018 from a desire to sabotage the fashion world’s cultural complacency and reimagine what fashion could be as an entirely non-physical experience. Through its co-creation platform, it is leading a digital fashion revolution that puts creators first and is committed to building a sustainable and equitable fashion industry where everybody thrives.ContactTheo LasserreThe [email protected]
1 day agocryptodaily
Bybit To Cut Workforce Amidst Fears Bear Market Is Here To Stay
Bybit has announced that it will be laying off nearly 30% of its global workforce, becoming the latest cryptocurrency exchange to do so. The move comes as fears grow that the bear market is here to stay for the foreseeable future, despite minor market gains. A Significant Cut In Workforce Bitcoin has been unable to push back above the $20,000 mark, signifying that the bears have the crypto markets firmly in their grasp. This has had a crippling impact on the markets, as numerous companies and trading platforms lay off staff members to align themselves with the new market reality. The latest to join this list is Bybit. With the overall cryptocurrency market vastly different than what it was just over a year ago, several companies have seen an adverse impact. Crypto exchanges have faced the brunt of these changes, and Bybit has become the latest exchange to slash its workforce. The Singapore-headquartered exchange announced plans to reduce its existing workforce by 30%. The move is seen as part of a larger reorganization of the business as Bybit looks to refocus its efforts during the ongoing bear markets. Bybit CEO and co-founder Ben Zhou made the announcement. The CEO also apologized to those impacted by the cuts, stating that the downsizing was necessary. “Difficult decisions made today, but tough times demand tough decisions. I have just announced plans to reduce our workforce as part of an ongoing reorganization of the business as we move to refocus our efforts for the deepening bear market. It’s important to ensure Bybit has the right structure and resources in place to navigate the market slowdown and is nimble enough to seize the many opportunities ahead.” Details Of The Move Crypto industry analyst Colin Wu shed some light on the recent layoffs, stating that the layoff ratio was 30%. He further added that the axed employees would get three months’ salary as compensation. The move comes after the exchange had also laid off 30% of its workforce back in June 2022. The platform had seen stunning growth, with its workforce swelling from just a couple of hundred employees to nearly 2000 at the height of the bull markets. Bybit offers its users around 345 trading pairs and 265 coins and maintains a reserve of $1.88 billion. Not The Only One Announcing Cuts Bybit is not the only cryptocurrency exchange platform that has cut its workforce amidst the crippling bear market. According to data sourced from tech industry layoff tracker Layoffs.fyi, 17 crypto companies have undertaken significant staff cuts in November. Crypto.com and Coinbase were among the first platforms to announce cuts, with the former reducing staff by several hundred employees, while Coinbase announced that it was cutting 18% of its workforce in June. The cuts in November saw Kraken announce that it was cutting 30% of its 1100-strong workforce. It stated at the time that the reduction in staff would take the company’s team size back to what it was just a year ago. Bitso and Coinjar also announced cuts at their end, while reports stated that Bitfront was completely shutting down. Other exchanges that announced cuts were Blockfi, which also filed for bankruptcy, DapperLabs, BitMEX, NYDIG, Mythical Games, WazirX, and Australian cryptocurrency exchange Swyftx. A Cold Crypto Winter Intensifies According to Zhou, recent issues with Blockfi, which filed for bankruptcy, and Genesis, demonstrate that the current bear markets are significantly harsher than expected from both industry and market perspectives, adding that tough times demand tough decisions. Against this backdrop, the markets have made marginal gains over the past 24 hours. However, the overall picture remains extremely bearish. Total market capitalization is hovering around $900 billion but remains a far cry from their record-setting levels of over $3 trillion, achieved in November 2021. 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 agocointelegraph
'Imminent' crash for stocks? 5 things to know in Bitcoin this week
Bitcoin gets a boost from a declining U.S. dollar, but BTC price action is anything but straight bullish, say analysts.
2 days agozycrypto
Cardano Reigns As The Most Developed Crypto Asset As ADA Leaps Forward
Per data from the on-chain analytics platform, the Cardano blockchain's GitHub code repository recorded 18% more...
3 days agocryptodaily
What is the future for privacy coins?
A leaked EU proposal to restrict privacy enhancing coins could be a serious worry for this crypto niche. With regulators seemingly on the warpath against any form of monetary privacy, things do not look good for privacy projects. TornadoCash is one example of harsh law enforcement whereby a developer for the project has ended up facing jail time just for writing some of the code. Why privacy-enhancing coins? The blockchain is by definition completely public and transparent. Every transaction that is made is stored forever and anybody can see which wallet it is sent from and which wallet received it. However, in spite of the advantages of transparency, these come with the disadvantage that every single transaction made by someone can be transparently viewed - no matter how private or potentially embarrassing it might be. Those viewing your transactions could be anyone, including your boss who knows your salary history to the exact dollar - pretty disadvantageous for your next salary negotiation. Or how about nefarious actors? Fraudsters, thieves and any other criminals would be able to see how much you are worth and if it’s worthwhile kidnapping you in order to extract your private keys to the wallets you own. The long and short of it is that blockchain technology is not going to be used if this means that people’s financial history is made public. Therefore, this is where privacy-enhancing coins come in. There are various ways in which these work. Some utilise mixers that jumble transactions in order to conceal the wallet identities of the senders and receivers. Cryptographic technologies such as zero-knowledge proofs, homomorphic encryption, and multiparty computation are used to obfuscate the data and make it impossible for any third party to unravel. Why the EU would want to ban privacy-enhancing coins Privacy-enhancing technology is extremely complex and it could easily be imagined that regulators just wouldn’t have the technical know-how with which to grasp and fully understand everything, let alone be able to competently lay out regulations that can keep up with such a fast-moving technological space. The EU view will likely be that privacy-enhancing coins will make it far more difficult to uncover their potential use for money laundering and other illegal activities. The leaked EU proposal The part of the leaked draft that is causing some consternation in crypto circles is the following: “Credit institutions, financial institutions, and crypto-asset service providers shall be prohibited from keeping …anonymity-enhancing coins” This is suggesting that centralised exchanges etc. will not be able to list privacy-enhancing coins. The leaked draft also includes that no transaction over 1000 EUR can remain private. KYC would even be required for amounts under 1000 EUR. This would appear to open the door to a complete restriction on user privacy, and would potentially leave their details open to being doxxed. Dusk Network - privacy with full regulatory compliance The goal for Dusk Network is user privacy for transactions while simultaneously remaining compliant with regulations. Dusk highlights that “privacy is an inalienable right, formally enshrined in the Charter of Fundamental Rights here in the EU”. Dusk also posits that in order to comply with EU GDPR rules, all user data stored on the blockchain must have a proper level of privacy built in, which Dusk provides. The Dusk zero-knowledge proof technology builds in compliance at the core level. The protocol is being developed with KYC for DeFi as an absolute requirement, meaning that users remain compliant as they transact. For example, if the user tries to transact, knowingly or unknowingly, with persons in a sanctioned country, the code will not allow the transaction. Dusk Network is well aware that the regulatory environment is constantly shifting, and for that reason it is constantly monitoring the situation. However, it believes that it has the solution to the problem as explained in a Dusk blog post on the matter: “Auditors are able to ensure that what is happening on our network complies to the regulations, in addition to compliance being built in from the core. If you’re not allowed to turn left, there is simply no option to turn left. You don’t need to monitor that people aren’t turning left, as it were. Institutions are able to use our technology without fears of being penalized as we are compliant with the rules, and users are able to have a system that gives them control over their assets, the chance to use them outside of the crypto sandbox, without having to air their dirty laundry for all to see.” Dusk Network is optimistic for a privacy future that includes regulated DeFi. It also holds the belief that traditional finance needs to merge with blockchain and decentralisation in order to bring a better, faster and more innovative system that can adapt to the modern world that we live in. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days agocryptodaily
DappRadar: Blockchain Gaming Activity Hardly Impacted by FTX Crypto Blast
Kaunas, Lithuania, 1st December, 2022, ChainwireDappRadar, the global dapp store, said today in a report the blockchain gaming sector showed strong resilience throughout the month of November, despite negative pressure on the wider crypto industry that resulted from the collapse of the once-popular FTX cryptocurrency exchange. Blockchain games brought almost half of the blockchain activity DappRadar's latest Blockchain Games Report shows that blockchain gaming activity largely managed to brush off the events at FTX. The number of daily unique active wallets (UAW) averaged 800,875 in November, down slightly from just over 900,000 UAWs in the previous two months. All told, blockchain games accounted for a healthy 46% of all blockchain activity, ensuring it remains the biggest segment in the overall crypto space, ahead of decentralized finance. The most popular blockchain for gaming was, once again, Wax, which actually saw an increase in daily activity with an average of 344,284 daily UAWs in November, up more than 4% from October. BNB Chain was the second-most popular gaming protocol in October with an average of 171,269 dUAW but took a big hit in November and that number decreased by 35%. Taking BNB Chain’s spot as the second-most popular gaming protocol in November was Hive, which also declined from the previous month by 8%, but maintained an average of 156,369 dUAW this month. There were a number of blockchains that suffered as a result of the fallout from the FTX collapse, though. In particular, gaming on the Solana blockchain - which was closely linked to FTX - appears to have taken a big hit.In November, it saw its gaming activity fall by a stunning 89.42% to just 2,326 daily UAWs, the lowest number it has registered thus far. Top-ranking games pick up speed while metaverses take a hit in sales Most of the games ranking in the top ten in terms of users put in a strong showing throughout the month. For instance, the Wax-based Alien Worlds managed to grow its user base by an impressive 25% to emerge as the most-played game of all, with 212,000 dUAWs. Splinterlands came in at number two with 169,000 dUAWs, up 5% from the previous month, November was a busy month for metaverse gamers too, with The Sandbox completing one of its most hyped events thus far, Alpha Season 3, with more than 353,000 unique users across 98 brand-generated experiences. While The Sandbox saw its NFT trading volume fall by around 33% last month to just over $1 million, it ended the month by announcing another big land sale. The upcoming sale promises to be a big event, with The Sandbox poised to auction off 1,967 LANDs, including 50 estates, 695 regular LANDs, 134 premium LANDs and 19 one-of-one LANDs. Both standard and premium LAND sales will be allocated via a blind ballot system. The sales actually kicked off on Nov. 24 and will continue until early in the New Year, so don't be surprised to see a significant uptick in The Sandbox's trading volume next month. Another popular metaverse, Decentraland, also witnessed a decline in November, with trading volume down 54% and sales down more than 23%. The decline in metaverse land sales is almost certainly a consequence of the goings on at FTX, which helped to accelerate a decline in land trading volume that began in July. It'll be interesting to see if the new LAND sale at The Sandbox can help to arrest the slide or not. Despite the decline in metaverse sales, the health of the blockchain gaming space looks positive overall, especially if the amount of cash being thrown at it from investors is anything to go by. The report notes that blockchain games and metaverse projects raised a combined $534 million in new funding throughout November. The highlight of the month was Web3 games publisher Fenix Games, which raised a hefty $150 million in the month to acquire, invest and distribute its portfolio of blockchain games. About DappRadar Founded in 2018, DappRadar is the The World's Dapp Store: a global decentralized applications (dapps) store, which makes it easy for its base of more than 1 million users per month to track, analyze, and discover dapp activity via its online platform. The platform currently hosts more than 12,000 dapps across 49 protocols and offers a plethora of consumer-friendly tools, including comprehensive NFT valuation, portfolio management, and daily industry-leading, actionable insight. Socials: Twitter - Discord - Reddit - Telegram - FacebookContactDan [email protected]
4 days agocryptodaily
SubQuery Announces Integration with Flare Network
Dubai, UAE, 1st December, 2022, ChainwireSubQuery is excited to announce it has extended its data indexing support to Flare Network, the blockchain that aims to connect everything. The partnership was made possible after SubQuery received a grant from the Flare Ecosystem Support Programme. Flare is a blockchain which presents developers with a simple and coherent stack for decentralized interoperability, allowing dApps to serve multiple chains through a single deployment. This cross-chain approach is consistent with SubQuery’s continuous effort to become the universal blockchain indexing tool for web3 developers. Flare supports EVM-based smart contracts, and has data and interoperability infrastructure built natively into the blockchain, providing dApps with highly decentralized price feeds and secure state acquisition from other blockchains. Flare is also building the capability to create decentralized, multilateral and insured bridges between different blockchain networks to achieve trustless interoperability. Hugo Philion, Flare Co-founder & CEO, said, “We admire SubQuery's decentralized data indexing solutions and are excited for them to launch on Flare mainnet. This will complete another important piece of Flare's developer engagement strategy." SubQuery provides decentralised data indexing infrastructure to developers building applications on multiple layer-1 blockchains including the Cosmos ecosystem, Polkadot, Algorand and Avalanche. As an open data indexer that is flexible and fast, it helps developers build APIs in hours and quickly index chains with the assistance of dictionaries (pre-computed indices). Engineered for multi-chain applications, SubQuery allows developers to organize, store, and query on-chain data for their protocols and applications. SubQuery eliminates the need for custom data processing servers, helping developers focus on product development and user experience. “We’re proud to be supporting teams building on Flare Network with our fast, flexible and universal indexing solution. We are excited to deliver another integration that enables Flare developers to index their data faster and easier, and build complex dApps with the help of SubQuery.” — Marta Adamczyk, Technology Evangelist at SubQuery Flare Network developers will benefit from the full SubQuery experience, including the open-source SDK, tools, documentation, developer support, and other benefits developers receive from the SubQuery ecosystem. Additionally, Flare Network is accommodated by SubQuery’s managed service, which provides enterprise-level infrastructure hosting and handles over 400 million requests each day. SubQuery is now focused on launching the Kepler canary network before decentralising and tokenizing the protocol to build the SubQuery Network. If you would like to join SubQuery as a Flare launch partner, please reach out to [email protected] Getting Started The best way is to start with our starter project which contains a running project with an example of all mapping functions. You'll need to install a recent version of @subql/cli via npm i -g @subql/[email protected] If you don't want to see a kitchen sink example, you can follow a step by step guide on how to create a real world example. Follow our quick start tutorial to see how to index all Flare FTSO Rewards on the Songbird network in less than 15 minutes. With SubQuery's Flare integration, we can index the following: BlockHandler: All blocks and their hash and height TransactionHandler: All transactions and their hash, height, and timestamp LogHander: Logs and other on chain messages as a result of transactions made SubQuery's Flare implementation has been designed to operate almost identically to SubQuery's Avalanche, Polkadot, Cosmos, and Algorand support, and in a similar way to the Graph's approach. We've updated the SubQuery Documentation to add Flare specific information. You can begin by following this excellent getting started guide here. Key Resources Developer documentation (SubQuery Academy) Starter project (Github) Example project that indexes FTSO rewards Discord community (including technical support) About Flare Network Flare is a blockchain built to connect everything. It presents developers with a simple and coherent stack for decentralized interoperability, allowing developers to serve multiple communities and ecosystems simultaneously through a single deployment. Flare’s protocols now provide: Scalable EVM-based smart contracts. Highly decentralized price feeds. Secure state acquisition from other blockchains. Flare and ecosystem partners are also building: Insured smart contract token bridging. Non-smart contract token bridging. Secured data relay. Horizontal scaling through a fully interoperable multi-chain ecosystem. Website | Twitter | Discord About SubQuery SubQuery is a blockchain developer toolkit facilitating the construction of Web3 applications of the future. A SubQuery project is a complete API to organise and query data from Layer-1 chains. Currently servicing Polkadot, Avalanche, Algorand, and Cosmos projects, this data-as-a-service allows developers to focus on their core use case and front-end without wasting time building a custom backend for data processing activities. In the future, the SubQuery Network intends to replicate this scalable and reliable solution in a completely decentralised manner. ​​Linktree | Website | Discord | Telegram | Twitter | Matrix | LinkedIn | YouTube ContactDan [email protected]
5 days agocryptodaily
Web3 Sports Prediction App Launches on Polygon Ahead of World Cup
Maincard has just announced its main net launch just in time for the FIFA World Cup in Qatar. The sports prediction app enables users to guess the outcome of games to win prizes in crypto and NFTs. Maincard is an innovative take on sports betting, which typically involves equal parts risk and potential reward. With Maincard's NFT voting approach, players do not need to worry about losing money but still enjoy the thrill of having something riding on a game. Maincard takes to the main net ahead of Qatar 2022 Polygon-based Web3 sports prediction game has just announced its main net launch via a recent press release. The application went live on Nov. 19, one day before Qatar took on Ecuador to open the 2022 FIFA World Cup. Maincard's main net launch follows months of playtesting. The project operated various test nets, which attracted more than 14,000 sports fans to try out the app. Maincard's gameplay focuses on its NFTs, known as Maincards. Players use Maincards to vote on match outcomes for popular sports like soccer and basketball. Although limited for this initial launch, additional sports will be added in the future. Early project backers have already received rewards in Maincards for their support and can start playing the game immediately. Meanwhile, cards are available on Maincard's in-built NFT marketplace. Despite only being live for a couple of days, activity on Maincard is already booming. The current number one spot on the leaderboard has a 90% prediction success rate from 52 votes. In addition to revenue generated through MainCoins — Maincard's in-game currency — there will be weekly prizes of between 3,000 and 1,000 MATIC for gold, silver and bronze leaderboard finishes. Little risk, big rewards Maincard combines the thrill and engagement of traditional sports betting while minimizing the risk. When betting on sports with a bookmaker, the bettor must put up some money for a chance to win their stake and additional money. Therefore, they can always lose money and that's where financial issues and even addiction potential arise. With Maincard, players can moderate their risk via their choice of game mode. In the "Battle" game mode, guessing an outcome correctly earns MainCoins. Meanwhile, guessing incorrectly costs lives. Losing too many lives results in fewer MainCoins distributed as rewards for voting on correct outcomes but does not result in any immediate financial loss. For now, MainCoins only have utility within the app itself. However, exchange listings planned for Q1 2023 will further monetize the action. The second game mode, "Calls," provides a slightly riskier alternative. Rather than compete for MainCoins, players bet the cards themselves against each other. Guessing an outcome incorrectly surrenders the card used to your opponent. While this naturally carries some financial risk — Maincard NFTs are not free — the staggered process of betting individual cards per game should help prevent users from getting carried away and wagering too much, which is how most problem gambling begins. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
5 days agocryptodaily
ECB reports Bitcoin’s last stand
The European Central Bank put out a blog yesterday heavily maligning Bitcoin. Rarely being used for legal transactions was one its allegations. The European Central Bank (ECB) published a blog on Wednesday where it said that the number one cryptocurrency was on the “road to irrelevance”. The report pulled no punches and was scathing of Bitcoin. Bitcoin is rarely used for legal transactions Authors Ulrich Bindseil and Jürgen Schaaf included the above subtitle in their report but then made absolutely no reference at all to it within. There was no on-chain data or links to it in the text so it was left to the reader to believe the claim or not. According to blockchain analytics firm Chainalysis, illegal activity on the Bitcoin blockchain made up only 0.15% of the total transaction volume for the year 2021, which is the lowest it has ever been. Therefore the ECB author’s use of such a subtitle might be taken as misleading in the extreme. The illegal transactions section of the ECB blog article was mainly filled with making the case that in the author’s view, the value of Bitcoin was based purely on speculation, and that speculative bubbles were caused by new waves of investors coming in. Regulation can be misunderstood as approval The blog authors wanted to leave no doubt that regulation, when it arrives, does not give crypto any more legitimacy. They deplored the fact that large investors were funding lobbyists, who were in their turn trying to influence lawmakers. The fact that this is how the legislative process works for every single new piece of legislation, crypto or not, did not appear to make a difference. The slow speed of regulation, and the inability for all jurisdictions to agree on it was another area that the ECB complained about. That Bitcoin was perceived by the ECB to be an “unprecedented polluter”, was also shoe-horned into the regulation section. The claim was made that Bitcoin “consumes energy on the scale of entire economies”. However, the comparisons did not include the banking industry. In an article from 2021, Bitcoin Magazine estimated that Bitcoin emitted 70 million Mt of CO2 annually, while bank branches and ATMs produced 400 million Mt each year. Promoting Bitcoin is a reputational risk for banks To end its blog article the ECB posited that Bitcoin was not suitable for payments nor as an investment, and therefore should not be seen as legitimised by regulation. Those in the financial industry were warned as to the reputational damage they could incur by promoting Bitcoin investments for short-term profits. It was felt that as Bitcoin will make further losses, the negative impact on banks that supported cryptocurrency might tarnish the whole banking industry. Of course, it might be wondered just how much more negativity could even be inflicted on the banking industry, given that it has been riddled with fraud and manipulation over many decades. Just for the year 2020 many hundreds of millions of dollars were paid in fines for misconduct by some of the biggest banks and financial institutions. In that year Wells Fargo alone had to pay $3 billion in fines for “historic account fraud stretching back years.” 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.
6 days agocoindesk
Crypto Exchange Binance Sees Biggest Inflow of SHIB Tokens Since February
Data sourced from Dune Analytics shows an address supposedly owned by Crypto.com transferred 1.8 trillion shiba inu to Binance.
6 days agocryptodaily
BlockFi Files For Bankruptcy, Crypto Daily TV 30/11/2022
In Todays Headline TV CryptoDaily News: Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads. Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, the company said, the latest crypto casualty following the spectacular collapse of the FTX exchange earlier this month. 'LUNA Collapse' Was 'Start Of Everything' During the Tuesday hearing, U.S. Bankruptcy Judge Michael Kaplan authorized BlockFi to continue paying its employees and maintain its bank accounts. Crypto exchange Kraken settles with treasury department over Iran sanctions. On Monday, the Treasury department announced that Kraken, one of America's largest crypto exchanges, has settled with the government and agreed to pay more than $360,000 for apparently violating America's sanctions laws related to Iran. BTC/USD exploded 1.6% in the last session. The Bitcoin-Dollar pair skyrocketed 1.6% in the last session. The Stochastic indicator is giving a positive signal. Support is at 15765.6667 and resistance is at 16711.6667. The Stochastic indicator is currently in the positive zone. ETH/USD skyrocketed 4.5% in the last session. The Ethereum-Dollar pair skyrocketed 4.5% in the last session. The CCI is giving a positive signal. Support is at 1125.851 and resistance is at 1219.991. The CCI is giving a positive signal. XRP/USD skyrocketed 2.7% in the last session. The Ripple-Dollar pair skyrocketed 2.7% in the last session. The ROC is giving a negative signal. Support is at 0.3617 and resistance is at 0.4128. The ROC is currently in the negative zone. LTC/USD skyrocketed 3.5% in the last session. The Litecoin-Dollar pair skyrocketed 3.5% in the last session. The MACD gives a positive signal, which matches our overall technical analysis. Support is at 68.5733 and resistance is at 77.9733. The MACD is giving a positive signal. Daily Economic Calendar: JP Construction Orders The Construction Orders released by the Ministry of Land, Infrastructure, Transport and Tourism show the number of orders received by construction companies. Japan's Construction Orders will be released at 05:00 GMT, Germany's Unemployment Rate at 08:55 GMT, and the US Gross Domestic Product Annualized at 13:30 GMT. DE Unemployment Rate The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market. US Gross Domestic Product Annualized AU AiG Performance of Mfg Index The AiG Performance of Mfg Index presents the business conditions in the manufacturing sector. It is based on surveys of manufacturers on their assessment of the business situation. Australia's AiG Performance of Mfg Index will be released at 21:30 GMT, Japan's Annualized Housing Starts at 05:00 GMT, and Australia's Construction Work Done at 00:30 GMT. JP Annualized Housing Starts The Annualized Housing Starts captures how many new single-family homes or buildings were constructed annually. It is a key indicator of the housing market. AU Construction Work Done The Construction Work Done measures the amount of construction work done in the last month. It is a key indicator of the Australian construction sector. 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.
6 days agocointelegraph
FTX Fiasco boosts Bitcoin ownership to new highs: analysts weigh in
Data analytics firm Glassnode, hardware provider Trezor and Bitcoin exchange Relai observe an uptick in Bitcoin self-custody.
6 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
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About Cherry Token

The live price of Cherry Token (YT) today is ? USD, and with the current circulating supply of Cherry Token at ? YT, its market capitalization stands at ? USD. In the last 24 hours YT price has moved ? USD or 0.00% while ? USD worth of YT has been traded on various exchanges. The current valuation of YT puts it at #1471 in cryptocurrency rankings based on market capitalization.

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