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Chia(XCH)

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$43.2014
(-0.47%)
0.00176237 BTC
Market Cap (Rank#167)
$207,219,206
8,453 BTC
Vol 24h
$881,499
35.9602 BTC
Circulating Supply
4,796,584
Max Supply
?
18h agocryptodaily
Indian Authorities Freeze Vauld’s Assets Worth $46M
The Indian Enforcement Directorate (ED) has frozen the crypto and bank assets of troubled crypto lender Vauld, to the tune of INR 370 crore ($46 million). The crypto firm halted withdrawals and deposits in July. The ED, a law enforcement and economic intelligence agency of the Indian government, announced on August 12 that it conducted searches at the premises of Yellow Tune Technologies in Bangalore and issued a directive to freeze its bank balances, payment gateway balances, and the crypto balances of Flipvolt Technologies’ crypto exchange totaling $46 million. Flipvolt Technologies is the Indian registered arm of Singapore-headquartered Vauld. The authority explained that 370 crore rupees were deposited by 23 different entities into the INR wallets of Yellow Tune Technologies held by Flipvolt Technologies’ crypto exchange. The assets were “proceeds of crime derived from predatory lending practices,” according to the authority. It further stated, Yellow Tune by using the assistance of Flipvolt crypto exchange … assisted the accused fintech companies in avoiding regular banking channels, and managed to easily take out all the fraud money in the form of crypto assets. The ED is alleging that Flipvolt: Has very lax KYC [know-your-customer] norms, no EDD [enhanced due diligence] mechanism, no check on the source of funds of the depositor, no mechanism of raising STRs [suspicious transaction reports]. Flipvolt also failed to give the complete trail of crypto transactions made by Yellow Tune and was not able to provide any form of KYC of the opposite party wallets. The ED added that “by encouraging obscurity and having law AML [anti-money laundering] norms,” the exchange “has actively assisted Yellow Tune in laundering the proceeds of crime worth 370 crore rupees using cryptocurrencies.” It added, Therefore, equivalent movable assets to the extent of Rs 367.67 crore lying with Flipvolt crypto exchange in the form of bank and payment gateway balances worth Rs 164.4 crore and crypto assets lying in their pool accounts worth Rs 203.26 crore are frozen under PMLA, 2002, till complete fund trail is provided by the crypto exchange. 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.
20h agocryptodaily
Brazilian Payment App PicPay Launched Crypto Exchange in Collaboration with Paxos
PicPay, a Brazilian-based payment and wallet app is now providing crypto services to more than 30 million active users in the country. The company announced that it was planning to roll out this service last month and now allows its customers to buy, hold and sell digital assets from its platform. PicPay will offer these services in partnership with Paxos. The Brazil-based payment app announced that it now allows users to purchase, sell and hold cryptocurrencies on its platform. PicPay launched its cryptocurrency exchange service, and in its first iteration will be supporting the trading of Ethereum and Bitcoin as well as the dollar-backed stablecoin USDP. The company has said that it plans to list more than 100 cryptocurrencies. The exchange is operated with the help of Paxos, a blockchain infrastructure company and issuer of stablecoin USDP. Paxos is regulated by the New York Department of Financial Services and will manage trading and custody of assets for PicPay. Paxos is one of the market’s biggest crypto exchanges and has a reputation for partnering with some of the world’s most famous traditional financial firms such as Venmo and PayPal. Bruno Gregory, head of cryptocurrencies at PicPay said, Our goal is to lead the growth of the crypto market, by eliminating the complexity that is still associated with it and expanding information on the technology, so that everyone can take advantage of this asset class and technology. PicPay Looks For Domination in the Market Wanting to go over and beyond for its user base, PicPay is looking to offer average Brazilians crypto investments. The firm is also looking at a service that will allow crypto users to make payments directly with cryptocurrencies, removing the hassle of having to exchange assets for fiat currency first. In a similar vein, the system will liquidate cryptocurrencies for merchants receiving cryptos thereby protecting them from market volatility and allowing them to store stable assets. PicPay has said that it plans to launch its own Brazilian real-pegged stablecoin. 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.
22h agocoindesk
Institutional Investors Are Increasingly Using Crypto Options Trading to Hedge Their Bets in Bear Market
Options trading volume has risen on crypto exchanges, and even miners are using options strategies to muddle through the current, uncertain environment.
1 day agocryptodaily
Binance Announces Seizure Of Assets Linked To Curve Finance Exploit
Binance has announced that it has seized assets worth around $450,000 that is linked to the Curve Finance exploit that occurred a few days prior. This is the second large-scale seizure of funds linked to the exploit, with Fixed Float seizing around $200,000 worth of assets that the hackers deposited. A Significant Chunk Of Funds Recovered Binance CEO took to Twitter to announce that the exchange had managed to freeze a significant chunk of the funds stolen from the Curve Finance exploit earlier in the week. Binance CEO Changpeng Zhao shared an update on Twitter about the seized funds, stating that the exchange seized around $450,000 worth of stolen assets deposited by the hacker. According to Zhao, the seized funds represent around 80% of the funds stolen from Curve Finance during the exploit. He further added that the exchange is working with law enforcement to ensure that the funds are returned. Curve is yet to comment on the recovery of the funds by Binance. “Binance froze/recovered (sic) $450k of the Curve stolen funds, representing 83%+ of the hack. We are working with [law enforcement] to return the funds to the users. The hacker kept on sending the funds to Binance in different ways, thinking we can’t catch it.” Second Seizure Related To Curve Exploit Binance’s seizure makes this the second seizure of assets linked to the Curve Finance exploit that took place earlier in the week. Previously, several reports emerged stating that Fixed Float, a Lightning Network-based exchange, had frozen $112 ETH (around $200,000) linked to the Curve exploit. The depositor had deposited the funds in the hope of laundering them and going scot-free with the exploit. As a result, the total funds recovered linked to the exploit have crossed $650,000. The Curve Finance Exploit Curve Finance had on Tuesday reported a significant breach in which the protocol’s front end was compromised thanks to a DNS attack, also known as cache poisoning. This allows the attacker to spoof the original webpage and trick users into entering their details into a malicious contract. When users interact with the contract and enter their information, hackers are able to drain their wallets. After the exploit, the hacker transferred a significant chunk of the stolen funds to Binance and Fixed Float, where the exchanges could freeze the funds. Curve had issued a warning to users after the exploit, stating, “What has happened strongly suggests to start moving to ENS instead of DNS.” The warning also suggested that ENS (Ethereum Name Service) could provide better security against front-end attacks. 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
Shiba Inu and Carlossy Caterpillar – Fast Rising Cryptocurrencies with Exciting Reward Features
The Shiba Inu (SHIB) cryptocurrency has been making a name for itself in the crypto sector. This meme coin is one of the few digital currencies to experience a significant increase in price within a brief period. Carlossy Caterpillar (CARL) may become the next Shiba Inu (SHIB) token. Like the Shiba Inu (SHIB) ecosystem, it is based on its large crypto community. This community is made up of individuals who love the underlying meme that inspired the creation of the cryptocurrency. Like the Shiba Inu token, Carlossy Caterpillar (CARL) has many utilities that it offers its users. This article will closely examine the features of the Shiba Inu (SHIB) and the Carlossy Caterpillar (CARL) Meme Coins, highlighting their similarities and differences. First, let's do a quick overview of these two meme coins. An Overview of the Shiba Inu’s (SHIB) Ecosystem Shiba Inu (SHIB) is an Ethereum blockchain-based crypto project. It is one of the numerous dog-themed cryptocurrencies. This crypto project intends to mimic the success of the Dogecoin (DOGE) cryptocurrency. Shiba Inu (SHIB) started its operations in August 2020 as a complete community-based cryptocurrency. As a meme coin, the value of Shiba Inu is closely linked to the hype within its crypto community. Thus, Shiba Inu experienced a surge in price when crypto enthusiasts bought the tokens due to its hype to be the next Dogecoin (DOGE). Being an Ethereum-based cryptocurrency, all transactions within the Shiba Inu ecosystem attract an exorbitant gas fee which must be paid in ETH tokens. Like every meme coin, Shiba Inu’s developers significantly improve the utilities currently offered. One of the most recent developments is its decentralized exchange. Shiba Inu users can now swap their crypto assets easily using the Shibaswap. This DEX also provides opportunities to purchase SHIB, and other tokens within the Shiba Inu ecosystem. An Overview of the Carlossy Caterpillar (CARL) Ecosystem Carlossy Caterpillar (CARL) is a cryptocurrency based on a popular internet meme. It used the trend around the meme as an impulse to launch its cryptocurrency. Carlossy Caterpillar's (CARL) aim is to attract individuals who are familiar with the Carlossy Caterpillar memes. It also appeals to crypto enthusiasts looking to buy into a meme coin project. Carlossy Caterpillar (CARL) also intends to build a strong crypto community around its cryptocurrency. CarlossyCaterpillar (CARL) is hosted on the Binance Smart Chain network. It uses this solid blockchain to offer its users the following utilities - Fast transaction processing rate, low transaction fees and Interoperability with the Ethereum blockchain. Additional features of the CarlossyCaterpillar (CARL) Meme Coin Users within the Carlossy Caterpillar (CARL) ecosystem can utilize its native BEP-20 token. This token serves multiple purposes. Firstly, through Governance. Carlossy Caterpillar (CARL) gives its holders permission to participate in governing the project. CARL token holders can drop suggestions, and vote on proposals to decide on future modifications. Secondly, Staking. As a proof-of-stake cryptocurrency, CarlossyCaterpillar (CARL) can be staked to support smooth transactions within the platform. And lastly, Yield farming - This allows Carlossy Caterpillar (CARL) token holders to earn moderate to high rewards, by providing liquidity for the token on popular platforms like Pancakeswap. These liquidity providers will also receive accumulated returns over time. The CARL token is the native currency used within the Carlossy Caterpillar ecosystem. However, unlike Shiba Inu (SHIB), it is yet to be listed on crypto exchanges. The Carlossy Caterpillar (CARL) token will undergo a token presale phase as a new cryptocurrency. This will allow early adopters to get this token at a discounted price. In addition to the reduced price, presale participants have several opportunities to earn more CARL tokens. For example, in addition to the 20% bonus on the first purchase, participants also receive a 15% bonus for completing their purchase using ETH tokens. They also get $35 worth of tokens when they invite others to the presale, and the requested individual purchases at least $100. Shiba Inu experienced a massive increase in its price as the value of its tokens increased by 60000000% over last year. Carlossy Caterpillar (CARL) intends to replicate the growth for CARL. This could be a great time to purchase the new crypto tokens in its presale at a lower price, and you stand to potentially gain a large return in the future. To find out more about Carlossy Caterpillar (CARL), visit the links below: Carlossy Caterpillar (CARL) Presale: http://carl.carlossy.io Website: http://carlossy.io/ Telegram: https://t.me/CarlossyCaterpillarOfficial 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 agocryptodaily
Crypto Enthusiasts Predict Zompot, Shiba Inu, and Zilliqa are poised for a crypto rally in the future
Today, cryptocurrencies are the envy of every investor in the global financial services sector. Their popularity is in stark contrast to the caution that people observed while approaching these blockchain-based assets until a few years ago. As factors like advancements in blockchain technology, regulatory support, and the digital push in the wake of the pandemic bolstered their grip on the market, cryptocurrencies left seasoned investors impressed with promising returns. If you are searching for assets that can fetch decent returns even when you see crypto prices going down, you should start by researching some of the leading names like Zompot(ZPOT), Shiba Inu (SHIB), and Zilliqa (ZIL). Zompot (ZPOT) Is Tackling Blockchain Security Launched in 2022, the decentralised cryptocurrency is built on Binance Smart Chain and caters to a multitude of financial purposes like swapping and trading. Zompot has its own native token called ZPOT that can be used for various transactional purposes like staking, liquidity pool provisioning, and yield farming Interested buyers can purchase it on presale. Given the popularity of metaverse solutions, the creators of Zompot designed it as a futuristic digital asset which will be available for trading in metaverse too. Over time, the ZPOT Token can be instrumental in addressing the problem of monetary shortage in the virtual economy. Users within the zompot platform would be able to trade and generate wealth by trading metaverse-compatible cryptocurrencies. As far as security is concerned, Zompot has all corners covered. With a host of robust security and privacy features, Zompot is striving to solve privacy and security challenges that often riddle cryptocurrency platforms. Even as transactions are conducted between pseudonyms in the case of most cryptocurrencies, the information stored on a public ledger may be misused by malicious actors. To ramp up security by tackling the problem, Zompot unlinks transactions from the origin of the payment point via the decentralised anonymous payment (DAP) schemes. Under the DAP schemes, users get to pay other users either directly or privately while hiding the payment amount, selected destination, and the point of origin. The ZPOT token has a total supply of 500,000,000 units and is built on a niche model that curbs inflationary tendencies while keeping price fluctuations to the minimum. The token supply has been distributed under different heads to ensure that the platform's development can continue while ensuring ample liquidity during various phases of Zompot'sgrowth. For instance, 5% of the token supply is reserved for its legal development and 10% of the supply has been set aside for marketing activities. Another 35% of the collective token supply has been allocated for public sales and an extra 15% for private sales. Shiba Inu (SHIB) Is Demonstrating Success With Meme Coins Shiba Inu is among the earliest meme currencies to have made a splash in the world. Like most meme coins, Shiba Inu was also inspired by a meme that was developed in jest. By tokenising its value, Shiba Inu's creators were able to create a formidable meme coin that has patrons spread across the world. It has its own native token SHIB that can be used for transactional purposes like staking, liquidity provisioning, yield farming, and token swapping, among others. The token can be bought and sold at ShibaSwap. It can also be found on Uniswap and the list of exclusive cryptocurrency centralised exchanges. Zilliqa (ZIL) Is Building High-Performance dApps Zilliqa is a one-stop-shop for the various tools that developers need for building powerful and highly scalable dApps. The blockchain-powered system has its own native token ZIL that can be used for a range of transactional obligations that one may encounter on the platform. With its niche system of smart contracts that offers unmatched levels of privacy and security, the platform pulls out all stops to protect investor interests. If you are looking forward to adding a token to your crypto wallet or portfolio during this crypto winter, SHIB and ZIL might be a good option. Nevertheless, cryptocurrency ethicists predict that ZPOT will ascend to the top once it launches in the market. Join Zompot Token (ZPOT)’s Presale: Presale: http://rise.zompot.com/ Website: http://zompot.com/ Telegram: https://t.me/ZompotTokenOfficial 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 agocointelegraph
Indian authorities freeze more crypto funds over money laundering allegations
The Indian Directorate of Enforcement froze $46.4 million in the accounts of Vauld’s Indian branch until the exchange can account for the criminal proceeds it transferred out of the country.
1 day agocointelegraph
Uzbekistan blocks access to foreign crypto exchanges over unregistered trading
The national regulator urges the industry players to comply with the local legislation.
1 day agocointelegraph
FTX partners with Paradigm for 'one-click' futures spread trading
The global exchange will provide “guaranteed atomic execution and clearing of both legs” for the futures trades on eight cryptocurrencies.
1 day agocryptodaily
BlackRock Launches Spot BTC Private Trust
The investment management company has launched a private trust, which will be its first product offering direct Bitcoin exposure. Private Trust For Institutional Investors The private trust launched by BlackRock will provide institutional clients based in the United States with direct exposure to spot Bitcoin. The trust will track the performance of Bitcoin while lowering the expenses and liabilities. The decision to embark upon this project was taken due to the residual interest from certain clients. The company announced the launch of the trust through a public statement on its website, where it wrote, “Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients in how to efficiently and cost-effectively access these assets using our technology and product capabilities.” Being the largest, oldest, and most liquid crypto, Bitcoin has captured the attention of BlackRock’s client base, who are keen to dabble in this asset through an investment management firm. BlackRock’s Web3 Moves Many communities and groups have raised concerns about the energy-intensive process of Bitcoin mining and its environmental impact. Although BlackRock is not involved in any way with the mining operations, the team has mentioned that it would be doing its part in supporting initiatives to introduce sustainable energy usage in Bitcoin mining. The company’s Web3 initiatives have been distributed among four areas of interest: permissioned blockchains, stablecoins, cryptoassets, and tokenization. The spot Bitcoin private trust is its initiative in the cryptoassets category. Partnership With Coinbase Earlier this year, BlackRock CEO Larry Find had indicated that the company might start dabbling in crypto trading. The company’s other noteworthy web3 endeavor was its recent partnership with crypto exchange Coinbase to offer cryptocurrencies to institutional investors. The partnership will enable BlackRock’s institutional investment management platform Aladdin to provide its clients with crypto trading functionalities and all associated capabilities. To access these services, institutions must sign up for Coinbase Prime, a trading solution service tailormade for hedge funds, asset collectors, financial institutions, and corporate treasuries. Institutional Investors Want More Crypto Action With roughly $9 trillion in assets under management for institutional clients, including central banks, BlackRock is the biggest asset fund manager in the world. According to a market leader and expert, Barry Silbert, the recent Bitcoin private trust from BlackRock will provide a simpler and safer channel for central banks around the globe to invest in the crypto. Institutional investors are increasingly warming up toward digital assets despite an overwhelming bear market. With individual investors pulling out of the market, there is ample space for institutional investors to set up shop through the safe exposure promised by BlackRock’s private trust. 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 agozycrypto
Bankman-Fried And Justin Sun Reportedly Eyeing Purchase Of Majority Stake In Crypto Exchange Giant Huobi
The co-founder of the Asian crypto exchange Huobi Global, Leon Li, is currently in talks with several potential buyers as he is looking to offload a majority stake in the company.
2 days agocryptodaily
Crypto Daily - Crypto And Financial News 12/08/2022, Crypto Derivates Volume Surge To >$3T In July
In Todays Headline TV CryptoDaily News: Bitcoin miner Genesis Digital secures 708 MW capacity. According to a press release, Genesis Digital Assets, one of the leading industrial bitcoin miners in the U.S., just acquired an additional 708 megawatts of operating capacity with the potential to scale. Report: Unregulated RenBridge helps criminals launder $540 million in crypto According to a new report, an unregulated cryptocurrency cross-chain bridge used to transfer the value between blockchains facilitated the laundering of at least $540 million in proceeds for lawbreakers. Crypto derivatives volumes surge to $3.12 trillion in July. Cryptocurrency derivatives trading on centralized exchanges rose to $3.12 trillion in July, a 13% monthly increase, researcher CryptoCompare said, as crypto prices show signs of recovery from the recent market crash. BTC/USD rose 0.8% in the last session. The Bitcoin-Dollar pair gained 0.8% in the last session after rising as much as 3.8% during the session. The Ultimate Oscillator is giving a negative signal. Support is at 22061.3933 and resistance at 25161.3933. The Ultimate Oscillator is giving a negative signal. ETH/USD skyrocketed 1.6% in the last session. The Ethereum-Dollar pair skyrocketed 1.6% in the last session. The ROC is giving a negative signal. Support is at 1573.7533 and resistance at 2021.0133. The ROC is giving a negative signal. XRP fell 0.7% against USD in the last session. The Ripple-Dollar pair dropped 0.7% in the last session. The Williams indicator is giving a negative signal. Support is at 0.3508 and resistance at 0.3968. The Williams indicator is currently in the negative zone. LTC/USD exploded 1.1% in the last session. The Litecoin-Dollar pair exploded 1.1% in the last session. The RSI is giving a positive signal. Support is at 56.0267 and resistance at 65.0467. The RSI is currently in positive territory. Daily Economic Calendar: JP CFTC JPY NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. Japan's CFTC JPY NC Net Positions will be released at 19:30 GMT, the Eurozone's Industrial Production at 09:00 GMT, and the UK's Gross Domestic Product at 06:00 GMT. EMU 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. UK Gross Domestic Product The Gross Domestic Product measures the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health. 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 14:00 GMT, Finland's Current Account at 05:00 GMT, the US Export Price Index at 12:30 GMT. FI Current Account The Current Account measures net flow of current transactions, including goods, services and interest payments into and out of the local economy. US Export Price Index The Export Price Index measures the changes in the prices of exported goods and services. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days agocryptodaily
Bitfinex May Face Criminal Investigations in U.S.
The sister company of stablecoin Tether, crypto exchange Bitfinex, is facing the possibility of criminal investigations in the United States according to the Department of Justice (DOJ) in a reply to a Freedom of Information Act (FOIA) request shared on Twitter earlier this week. Bitfinex has for a long time been under scrutiny for its actions, and if reports are to be believed, it will be subject to investigations yet again. The DOJ has since denied a request for information regarding Tether Holdings Limited, its parent company iFinex Inc. and other subsidiaries, including Bitfinex, citing Exemption 7(A) of the FOAI Guide. The exemption precludes the disclosure of: Records or information compiled for law enforcement purposes, but only to the extent that production of such law enforcement records or information ... could reasonably be expected to interfere with enforcement proceedings. The individual who filed the request in February 2022 is Twitter user oleh86, and according to it, the request itself asked: Dear Sirs, Pursuant to Freedom of Information Act (FOIA), 5 U.S.C. § 552, I am hereby requesting any and all information in the possession of the US Department of Justice on jointly and severally TETHER HOLDINGS LIMITED, TETHER LIMITED, TETHER INTERNATIONAL LIMITED, TETHER OPERATIONS LIMITED, IFINEX INC., BFXNA INC., and BFXWW INC. The denial of the request read as follows: Looks like #Bitfinex is in legal proceedings in the US - the DOJ denied my FOIA request on grounds of Section b(7)(A) aimed at preventing pretrial publicity that could impair a court proceeding. The exemption essentially prevents the public from getting information about the legal enforcement of the company. It is done to ensure that people with information do not try and tamper with evidence or try anything that would unduly influence the proceedings. Bitfinex’s Legal Woes Bitfinex and sister company Tether has been facing heavy scrutiny from legal entities for a long time. In 2021, Bitfinex and Tether had to pay $42.5 million in fines to the U.S. Commodity Futures Trading Commission (CFTC) in civil monetary penalties. Bitfinex has also faced multiple investigations from civil and criminal entities in the U.S. regarding whether stablecoin issues Tether, was being truthful about the state of its reserves. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days agocoindesk
Indian Authorities Freeze Nearly $46M Assets of Troubled Crypto Lender Vauld: Report
Nearly $50 million worth has been frozen by authorities at the troubled crypto exchange, media reports say
2 days agocoindesk
UK Asset Manager Abrdn Becomes Digital Exchange Archax's Largest External Shareholder
Asset manager abrdn has taken a stake in Archax, the first digital securities exchange to be regulated in the U.K., becoming the company's largest external shareholder.
2 days agocointelegraph
Brazilian payment app PicPay launches crypto exchange with Paxos
The integration with Paxos marks the first move for PicPay to introduce its 30 million customers to digital assets and help them understand Bitcoin.
2 days agocryptodaily
Mailchimp suspends reputable crypto-related platforms without warning
Newsletter and email marketing firm Mailchimp has suspended the accounts of several crypto platforms over this week. Included among the newly suspended accounts are crypto wallet Edge, crypto intelligence gatherer Messari, and crypto news platform Decrypt. Possibly first attributed to Mahatma Gandhi, the following quote is being being used more and more in relation to crypto and its fight for adoption: “First they ignore you, then they laugh at you, then they fight you, then you win.” It might arguably be said that crypto is in the “fight” stage right now. Leaders of banks and other financial institutions are warning investors to stay away from crypto, and with regulation on the way that may well seek to shackle and suppress the burgeoning innovation that crypto brings to the table, this particular stage might well be the toughest. The mailchimp action is a good example of heavy-handedness against crypto platforms that are trying their best to comply with regulations while providing honest and useful services to customers. Messari founder Ryan Selkis, took to Twitter to tweet out his outrage that Mailchimp should be taking such an action against some of the most “reputable brands” in crypto. According to an article on Decrypt, the first that staff at Edge Wallet knew that something was amiss was when they logged in to Mailchimp to find that their account was “deactivated”. In the same article Jesse Friedland, founder of NFT collection Cryptoon Goonz, tweeted out the following reason given by Mailchimp for the ban that was received: "We cannot allow businesses involved in the sale, transaction, trading, exchange, storage, marketing, or production of cryptocurrencies, virtual currencies, and any digital assets." Opinion It might well be that Mailchimp holds the opinion that a company involved in any way with crypto deserves to have its account summarily withdrawn without warning. On the other hand, it might just be afraid of being reprimanded by authorities that may crack down on crypto companies and on any company that has dealings with them. However, for any company to act on either of the above reasons does appear to be a step too far. Yes, the regulatory environment can change, and regulators can certainly start prosecuting crypto companies based on existing regulations. Nevertheless, until this happens, it does appear to be a tale of a company taking sides. The ‘system’ is extremely wary of crypto, and this is likely to be as much an entrenched legacy financial system view, as it is a regulatory issue. For non-crypto companies to take such anti-crypto actions, without any threats of reprisals against them for not doing so, is arguably a huge overreach of their social and regulatory responsibilities. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days agocoindesk
Binance Recovers $450K Stolen From Curve.Finance
The world's largest exchange is now working with law enforcement to return to stolen funds.
2 days agocryptopotato
India Investigates Ten Crypto Exchanges For Laundering Over $125 Million
India's Enforcement Directorate is conducting an investigation on ten exchanges for laundering over Rs 1,000 Crore or $125M+ in crypto.
2 days agocoindesk
Coinbase Outlook 'Negative,' Credit Ratings Agency S&P Global Says
S&P Global dropped the crypto exchange giant's rating to BB from BB+, citing weak earnings and stiff competition.
2 days agocointelegraph
Indian law enforcement accuses WazirX exchange of aiding in laundering of $130M
India’s Enforcement Directorate, which investigates financial crime, has frozen WazirX bank accounts while it looks at transfers from instant loan companies to international wallets.
2 days agocryptodaily
LEAP - a new sports social media platform let’s youth athletes monetize their skills
In the U.S., home to many of the most prominent sports associations in the world as well as a high-class college and youth sports infrastructure, only one out of 16,000 high school athletes turns pro. In regions like Latin America and Africa, where sports are just as popular but resources more limited, the chances are even lower. By specifically working with young athletes from impoverished and isolated communities, LEAP brings together a digital community of both youth sports talent and talent seekers and fans to help the athletes, not only gain recognition, but also get rewarded based on their skill levels. In the newly released whitepaper, LEAP breaks down its $LEAP token, the tokenomics, as well as the distribution algorithm and many platform features including the marketplace, in-game experience, and NFT collections. LEAP, founded in 2021 and based in Israel, is a sports discovery and monetization platform empowering young athletes from across the world to develop and improve their talent through a gamified online experience. On LEAP’s platform, youth talent can create short-form videos of their real-life skills and use them to compete online with other talents worldwide in the digital arena in order to gain recognition from peers and talent seekers, while also getting rewarded. By leveraging blockchain technology, using NFTs, and a real-life in-app gaming mode, LEAP is building a digital sports community to democratize talent discovery across the globe and ensure their social inclusion. In the whitepaper LEAP’s introduces a sports economy powered by Web3.0 and Play-2-Earn elements, offering an alternative route to stardom for young athletes and a new way to monetize their skills “Our whitepaper serves as our manifesto and marks an important milestone for the LEAP community because it's paving the way for our platform launch,” says Omri Lachman, CEO and Co-Founder of LEAP. “Our platform approaches the sports industry from a completely new and different perspective. We are diligently building the framework to host a global network of sports talents as well as talent seekers, agents, and fans in a fun and interactive way that uses Web3.0 technology to help level the sports playing field for all, while delivering the Web3.0 visionary promise of individual ownership over data, content and digital assets.” The release of LEAP’s whitepaper signals the upcoming launch of its platform, detailing the token creation (ERC-20) process, partnerships with exchanges, launch of the prototype, and more. In the whitepaper, LEAP chronicles $LEAP utility token’s potential to facilitate the entire platform’s economy and support a global community connecting young athletes with talent seekers. An athlete using LEAP receives a unique digital player card, backed by an NFT after completing certain milestones as they engage with the platform. Player card NFTs upgrade as the athlete’s score and rank in LEAP’s gamified platform increases. Talent seekers, fans, pro athletes, and others who join the athlete’s “Fan Clan” can acquire his or her NFT player card and become active endorsers having a direct impact on the athlete’s growth. This offers an engaging way to reward and motivate digitally native, next-generation athletes and those who support them early on. Through LEAP, youth athletes get to showcase their skill-sets in short-form videos uploaded to the platform. By specifically working with young athletes from impoverished and isolated communities, LEAP brings together a digital community of both youth sports talent and talent seekers to help the athletes, not only gain recognition, but also get rewarded based on their skill levels and continuous engagement in sport activities. The app features a customized video creator—LEAP Studio—with specific filters, sticks, and add-ons to help talents better highlight their individual skills based on their sport. Talents can use the videos to challenge each other in LEAP DARE Battles, where the community votes for whoever they think performed the skill better, and winning will boost the value and rarity of the users NFT Player Card. For more information visit https://www.playleap.io/ and https://www.leaptoken.io/ Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days agocoindesk
US Regulators Consider Asking Large Hedge Funds to Disclose Crypto Exposure
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) voted to extend reporting requirements for large hedge funds to include cryptocurrency.
2 days agocryptopotato
MEXC Activated the Investor Protection Fund After DMA Hack, Launches Potion Airdrop
[PRESS RELEASE – Please Read Disclaimer] MEXC Exchange A few days ago, the Polygon Network ecosystem project Dragoma (DMA) experienced abnormal price fluctuations after its listing on MEXC, as it fell sharply from 0.85USDT. MEXC immediately suspended DMA/USDT trading on August 8th due to abnormal on-chain transactions. It is understood that although MEXC announced an […]

About Chia

The live price of Chia (XCH) today is 43.2014 USD, and with the current circulating supply of Chia at 4,796,584 XCH, its market capitalization stands at 207,219,206 USD. In the last 24 hours XCH price has moved -0.1466 USD or -0.00% while 1,267,990 USD worth of XCH has been traded on various exchanges. The current valuation of XCH puts it at #167 in cryptocurrency rankings based on market capitalization.

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

Chia Price43.2014 USD
Market Rank#167
Market Cap207,219,206 USD
24h Volume881,499 USD
Circulating Supply4,796,584 XCH
Max SupplyNo Data
Yesterday's Market Cap207,137,620 USD
Yesterday's Open / Close43.4145 USD / 43.2679 USD
Yesterday's High / Low43.7889 USD / 43.2142 USD
Yesterday's Change
0.00% ( 0.1466 USD )
Yesterday's Volume1,267,990.10 USD
Mining Info
Hashing algorithmPoST
Pools (known)52
Pools Hashrate13.54 EH/s
Network Hashrate22.29 EH/s
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