cryptocurrency widget, price, heatmap
Search icon
Search icon
Telegram iconTwitter icon
Share icon
Share page
Cryptocurrencies/Coins/Compound (COMP)
Compound price, market cap on Coin360 heatmap

Compound(COMP)

Arrow icon
Add to watchlist
$65.0044
(-0.02%)
0.00271456 BTC
Market Cap (Rank#105)
$468,098,932
19,548 BTC
Vol 24h
$21,907,596
914.853 BTC
Circulating Supply
7,201,034.86
Max Supply
10,000,000
1h 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that Mailchimp holds the opinion that a company involved in any way with crypto deserves to have its account summarily withdrawn without warning.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.
1h agocryptopotato
Huobi’s Founder Looking to Sell His Stake in the Company for $3 Billion (Report)
Leon Li might sell his stake in Huobi at a valuation of between $2 billion and $3 billion, while some possible buyers are said to be Justin Sun and Sam Bankman-Fried.
4h agocointelegraph
BTC mining stocks double in a month as production ramps
While Bitcoin and Ethereum prices may have climbed lately, Bitcoin mining companies have been absolutely pumping.
9h 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.
11h agocoindesk
Snapple Created a Bodega in the Metaverse
The virtual installation in Decentraland comes with big savings (as much as $1.39) to visitors who complete its scavenger hunt and register their Paypal wallets.
12h agocoindesk
Bitcoin Miner Core Scientific Sticks With Its Year-end Hashrate Projection
The miner’s second quarter revenue almost doubled compared to last year.
14h agocryptodaily
Gala is announcing a partnership with Stick Figure Productions to distribute Four Down on the Blockchain
Jackson, WY, USA, 11th August, 2022, ChainwireGala, one of the leading innovators in blockchain gaming and music, has announced the launch of Gala Film. This new vertical from the world-leading Web3 company continues the brand’s commitment to providing fans with unique opportunities to enrich their experiences coupled with amazing programming and exciting projects. With this announcement Gala Film also shared they will partner with Oscar-nominated and Emmy Award Winning Stick Figure Productions to present FOUR DOWN, a feature-length documentary directed by award-winning filmmaker Steven Cantor based on the New York Times best-seller NOT WITHOUT HOPE, written by Nick Schuyler and Jere Longman. Other notable upcoming projects/partnerships include: A partnership with Ai&Aiko, one of the most popular GIF lines in history was awarded GIPHY’S Number 1 Artist of the Year with over 48 billion views and holds 4 Guinness World Records. This will see Peter Draw’s simplistic and charming visual storytelling brought to life through the Gala Film platform A partnership with Filmmaker and Actor, David Bianchi (“True Story’’ Netflix, “Resident Alien” Universal / Peacock) and founder of Exertion3 (a blockchain film production company) to produce Live Action Sci-Fi Series “RAZOR” for Exclusive Blockchain Release A partnership with Battle Island in the production of their animated series ‘Ghosts of Ruin’ (see more here) Making the Chronic’ - a series of 16 short films where Snoop Dogg narrates each of the tracks on his album released through Gala Music The core benefit of Gala Film is its ability to offer a ‘Watch and Earn’ mechanic through the same blockchain technology that underpins Gala Music’s ‘Listen and Earn’ and Gala Games’ ‘Play and Earn’ ecosystem, offering fans ways to earn rewards through nodes and NFTs. With Gala Film, fans now have the power to actively participate in the content they consume, take control of their entertainment through digital ownership and support new projects by voting on script choices or casting. Filmmakers and artists can also reclaim their creative licence through a deeper connection with their audiences and the ability to distribute their content directly to the people that want to watch it. By adding film alongside its successful music and games platforms, Gala is also able to offer an interoperable ecosystem where fans can benefit from crossover content. Sarah Buxton, COO of Gala, said: “The launch of Gala Film marks the beginning of a new era in Web3 entertainment, led by Gala. Our ecosystem offers exceptional involvement and access to new launches, with fans able to enjoy unique experiences, empower creatives and get rewarded for doing so. We are committed to delivering fan-first entertainment, where technology is used to improve fan experiences without ever becoming a barrier to entry or enjoyment.” About Gala Gala is a world-leading Web3 entertainment company that uses blockchain technology to power digital ownership and rewards, creating a revolutionary new way of building and consuming entertainment. Launched in 2019 with Gala Games, Gala is the parent company to Gala Games, Gala Music and Gala Film. The vision brings all three brands together in the shared pursuit of offering fans unique and immersive experiences powered by Web3. Gala also gives creative licence back to content creators and emerging talent with a direct route to fans and the ability to offer genuine involvement in new projects. For more information, visit: https://gala.com ContactsPublic RelationsMaggie [email protected]
14h 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.
14h agocryptodaily
Hackless Pioneers B2B & B2C Security Tool for DeFi, Saving Nearly $500,000 for Clients
designed a comprehensive security platform which aims to protect the decentralized finance (DeFi) world from targeted exploits, as well as safely migrate funds from individual wallets and protocols under attack. Hackless works at the infrastructure level of EVM-compatible blockchains, uniting several elements from the blockchain ecosystem in order to strengthen a DeFi protocol’s security from the lowest levels of its ecosystem. The platform has three core services which it uses to help defend against exploits and recover funds: Watchdog – A mempool monitoring tool which tracks suspicious transactions. SafeMigrate (B2B) – The first-to-market service which ensures that funds can be successfully migrated from a paused DeFi protocol that is being attacked. Conductor (B2C) – A private mining provider that ensures the safe and undetectable migration of user's funds from compromised wallets. The Hackless team believes this type of active protection is critical to the future innovation in the DeFi space given the substantial increase in the value of assets being locked up in DeFi applications. Serhii Androsiuk, co-founder and CEO of Hackless, commented: “The daunting thing about DeFi right now is that the rising tide of recent security exploits seems to out-speed the adoption and development of DeFi as such. Seven of the ten largest crypto thefts from January 2021 to March 2022 involved DeFi protocols. Frequent brutal exploits of flash loan protocols, cross-chain bridges and individual crypto wallets stress the need for a powerful security tool which is capable of boosting industry’s security level right away. We envision Hackless as a comprehensive platform that offers solutions both for DeFi protocols and individual investors. When used by all types of DeFi players it will enhance the overall protection giving a boost to industry’s growth.” Hackless In Action Earlier this year, A.I. and blockchain-powered virtual assistant services platform VAIOT was subject to a brutal exploit. Attackers tried and succeeded to take ownership of several of the platform's operational wallets, containing its native currency VAI, which are critical for the functioning of its services. This resulted in the theft and freezing of several million VAI and tens of thousands worth of ETH and BNB, belonging to both their users and VAIOT itself. The Hackless team integrated with VAIOT, contributing their expertise to the effort to safely migrate the frozen assets from the contract owned by the attacker. Using a variety of techniques and tools utilized in the Hackless product itself, the team were able to successfully help VAIOT recover $400,000 in frozen assets, whilst ensuring both the techniques and their employment remained undetected to the attacker. This successful case study was followed in quick succession by other examples of Hackless in action. The first involved a user who had their private keys stolen (a theft all too common in the crypto space) following a phishing attack. The attacker then monitored the wallet, draining all funds as soon as they appeared, leaving the user unable to access their NFTs worth ~$4,000. In this case, Hackless was able to deploy two key features of its product, the Conductor and SafeMigrate. The team were able to retrieve all the user’s NFTs to an uncompromised wallet without the attacker being aware. The second was a similar case, only the amount stolen was significantly higher at $87,000. Deploying the same features, Hackless was able to recover this amount quickly, proving again not only that there is demand for this service, but that their tools work. Consequently, both the Conductor and SafeMigrate form part of Hackless’ core offering, which is now available to the public. Securing the Future of DeFi with Hackless Hackless has demonstrated its DeFi security pedigree in the wild. Its mission to provide a robust security layer between Ethereum and its many DeFi protocols, is inspired and facilitated by the experience of its Ukraine-based team. Co-Founders Serhii Androsiuk and Pavel Radchuk have extensive experience in the blockchain space, with both having worked with various DeFi and NFT projects since 2017. Androsiuk is also a veteran of the banking sector, lending his expertise in growing projects to scale to the Hackless team. This year has seen the beginning of the architectural design for its modular platform, as well as production-ready services. The roadmap this year still has a number of exciting developments to come, including its staking program (Q3 2022), V1 Conductor (Q3 2022) and V1 SafeMigrate (Q4 2022). Combined with partnerships with leading DeFi projects such as Blaize and Zokyo, Hackless is well positioned to deliver a much needed security solution for the DeFi space. To read more about Hackless and its pioneering solution to protect DeFi assets, visit their website here. Follow Hackless on Twitter Join the Hackless community on Telegram Connect with Hackless on LinkedIn Read the Hackless blog on Medium Media Contact Details Contact Name: Nataliia Maslennykova Contact Email: [email protected] 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
15h 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.
15h agocointelegraph
dYdX confirms blocking (and unblocking) some accounts linked to Tornado Cash
The platform said it has used compliance vendors to scan for and flag accounts potentially associated with illicit activities, including sanctions lists for many countries.
16h agocryptodaily
Green is The New Gold: The Top 3 Blockchain Projects Saving the Planet
In recent decades, discourse around the environment has become more significant and everpresent. People are rightfully worried about how our technologies affect our global ecosystem. With the recent heatwaves and fires that spread around Europe this summer, the topic of climate change has been on everybody's lips. Blockchain tech is often a primary antagonist when the environment is discussed. Bitcoin is regularly cited as being deeply energy hungry and detrimental to the preservation of our world. However, several projects in this industry have the opposite effect, directly helping the environment. Let’s delve into three crucial blockchain projects that are making an effort to bring positive environmental change. Megatech Megatech is a project that promotes and incentivizes the use of solar power within Africa. To do this, Megatech has launched a cryptocurrency that gives token holders returns on the solar fields that the company owns. When these solar fields are used, token holders earn more money, incentivizing people to fund and promote sustainable energy sources. Megatech is already in motion to set up one of its solar fields (named Project Beta) in Hertzogville Free state, South Africa. It is a 60-megawatt plant connected to a 100-megawatt per hour (MWh) state-of-the-art storage technology unit. This allows for maximum efficiency and, therefore, maximum sustainability. The idea behind Megatech is to help solve the energy supply crisis in South Africa, where there is not enough electricity within the country to sufficiently power its national grid, causing blackouts and shortages. However, Megatech is also looking to help the global effort to bring sustainable energy, as they have teamed up with ZPN Energy, a UK energy and storage provider. Nori Nori is a blockchain-based carbon removal company aimed at helping people and organizations reduce or neutralize their carbon footprint. To do this, Nori has created a carbon removal marketplace– this is where people can choose to offset or eliminate their carbon footprint by paying other companies to remove carbon from the atmosphere. Currently, the marketplace focuses on allowing people to fund agriculture projects that store carbon within the soil. When somebody pays for carbon removal on the marketplace, their transaction is logged to the blockchain. They are subsequently given a verifiable certificate proving they have made a positive environmental change. This is especially important as the carbon credit, and removal industry is rife with fraudulent behavior, pushing companies to use traceable and publicly visible records to prevent this. Rewilder Rewilder is a crypto-based non-profit focused on purchasing land for wildlife conservation. The project asks users to donate Ethereum, which goes directly towards purchasing and preserving land worldwide. After donating, each user is issued a special NFT that provides regular updates on how their money has been used and what environmental impact they have instigated. Like Nori, Rewilder is mindful of the need for transparency regarding environmental procedures. Therefore, everything that happens within this project can be tracked and traced via the Ethereum blockchain. People can even find the specific location of the land they helped to conserve via their NFTs. Shifting Perspectives These three projects actively change the discourse around blockchain tech and the environment. They are moving the needle away from the damaging practices that projects like Bitcoin have been shown to employ and towards more eco-conscious efforts. And by doing this, they are changing people's opinions of blockchain tech and proving that this industry can act as a bastion of hope for the world. The crypto and blockchain industry is becoming a champion of the environment, with Megatech and other projects leading the charge to transform the world back to a state of ecological and climate harmony. 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.
16h agocryptodaily
Criminal Investigation Results In Service Suspension At Hotbit
The trading platform Hotbit Crypto Exchange has suspended services after being subpoenaed in conjunction with a criminal investigation into a former employee. Ex-Employee’s Alleged Illegal Activities As a part of the ongoing criminal investigation, law enforcement agents have frozen certain funds of the firm, forcing Hotbit to suspend crypto trading, deposits, and withdrawals. The firm released a statement on the matter, which said, “We regret to inform you that Hotbit will have to suspend trading, deposit, withdrawal and funding functions, the exact time of resumption cannot be determined at the moment.” The statement also shed some light on the former employee who is being investigated due to their involvement in an external matter in 2021 that the company claims to have no inkling of. The employee, who left the company in April 2022, is suspected of violating criminal laws in this external project. As a result, several senior managers have been subpoenaed and are cooperating with law enforcement in the investigation. The team vehemently denied having any connection or knowledge of the alleged illegal activity on the part of the management as well as the other employees of the firm. User Assets And Fund Management In addition to the subpoenas, several funds have also been frozen as a part of the investigation, preventing the exchange from conducting business per usual, which is why they have had to suspend services. The statement from the Hotbit team also revealed that they have been applying for the release of the frozen assets and will be resuming services once they are unfrozen. The team also reassured users that all their funds and data on the platform were still secure and untampered. As a result of the trading suspension, all unfulfilled orders will be canceled. Furthermore, all leveraged exchange-traded fund (ETF) positions will also be forcibly liquidated as per their values at 12:00 UTC on August 10. Income from users’ investment products is going to be distributed normally. The team also promised to announce a compensation plan for users once the platform resumes operation. Previous Service Suspension This is not the first time the Hotbit crypto exchange has had to suspend operations. Back in April 2021, the Hong Kong-based exchange fell victim to a cyberattack that compromised its user database. Following the attack, the platform had to temporarily shut down to recover from the damages of the hack. The team embarked on a plan to rebuild all of its 200+ servers to impose stricter security measures involving the accurate reconstruction of all user data. 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.
17h agocryptodaily
Ripple Labs Wants To Buy Celsius Assets
The parent company behind the Ripple network has expressed interest in purchasing assets belonging to the bankrupt Celsius Network. Ripple Looking For M&A Opportunities A Ripple Labs spokesperson has expressed that the company is considering buying certain assets of the bankrupt crypto lender. However, when asked if Ripple was interested in acquiring Celsius outright, the spokesperson declined to comment. The representative stated, "We are interested in learning about Celsius and its assets, and whether any could be relevant to our business.” They have also mentioned that the payment services company is actively looking for strategic mergers and acquisitions opportunities to scale the company. Celsius’ Legal Troubles The Celsius Network has been in a lot of hot water recently, with its CEO Alex Mashinsky drawing in the most criticism. Mashinsky had continued to reassure Celsius customers that everything was okay, even on the brink of bankruptcy. He is also under investigation by a creditor committee set up by the U.S. Trustee department. The lending platform was one of the casualties of the Terra LUNA implosion and had to declare bankruptcy in July after a month of freezing withdrawals. On the other hand, Ripple Labs has been faring quite well, despite the SEC lawsuit and the bear market, primarily due to its focus on working with international clients and developing global payment networks. Ripple Interested In Celsius Case Ripple’s legal representatives applied to the bankruptcy court to be represented in the proceedings of the Celsius case, despite not being one of the lending platform’s major creditors. The filings were approved by the court earlier this week. The above comment was made in response to inquiries about the court filings. The representative declined to elaborate further on the matter. The bankruptcy filings reveal that Celsius’ assets include digital assets held in custody accounts, loans, a bitcoin mining operation, the platform’s own CEL token, and liquid cash and crypto that the company holds at the moment. Since Ripple Labs has not signed any major deals till now, it should be interesting to see if this interest in the Celsius case actually amounts to something tangible. Ripple’s Legal Troubles Ripple has been going through its own legal issues since 2020 when the Securities and Exchanges Commission sued the crypto payments provider for allegedly operating unregistered securities. The Ripple team has denied these allegations, claiming that XRP is solely traded as a digital currency and not a security. The public consensus is that the lawsuit will settle in Ripple’s favor as the case presented by the SEC is flimsy at best. 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.
17h agocryptodaily
Crypto.com Secures Virtual Asset Service Provider Registration in Cayman Islands
Cryptocurrency exchange Crypto.com continues its global expansion after securing approval to operate as a virtual asset service provider (VASP) in the Cayman Islands. Singapore-based crypto exchange Crypto.com has managed to obtain regulatory approval to offer its services in the Cayman Islands it announced on Thursday, August 11. The company said it gained approval from the country’s primary financial market regulatory body, the Cayman Islands Monetary Authority (CIMA). The exchange noted explained that approval makes it possible for it to offer a range of digital asset products and services that are compliant with the islands’ regulations. Co-founder and CEO of Crypto.com Kris Marszalek, said in a statement that the approval is testament to the platform’s continued dedication to compliance. He added that the development proves Crypto.com’s “constructive approach to regulator engagement.” Marszelak said, This regulatory approval in the Cayman Islands is the latest example of Crypto.com’s commitment to compliance and our constructive approach to regulator engagement. We look forward to expanding our suite of offerings and services available, and continuing to work with stakeholders across sectors on advancing blockchain technology. With over 50 million users worldwide, Crypto.com continues to grow and expand its ecosystem actively. Thursday’s announcement follows a string of announcements that the exchange received approval to operate in a number of regions. On Monday, August 8, Crypto.com announced it had secured access to the South Korean crypto market after acquiring two local companies that will provide it with VASP registration in the country. Marszalek said of the acquisitions: This is an exciting next step for Crypto.com in an important market. We are committed to working with regulators to continue to bring our products and services to market, particularly in countries like South Korea where consumers have shown strong interest and adoption of digital currencies. In July, the exchange announced that it had secured approval from the Cyprus Securities and Exchange Commission to operate within regulations in Cyprus. Crypto.com has also successfully expanded its operations in Italy after securing a regulatory license in the country. 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.
17h agocryptodaily
Jito Labs Raises $10M from Multicoin Capital and Framework Ventures to Build Performant MEV Infrastructure For Solana
Austin, TX, United States, 11th August, 2022, Chainwire Jito Labs, an MEV infrastructure company building performant systems to scale Solana, has completed a $10M Series A. The round was led by Multicoin Capital and Framework Ventures with participation from Alameda Research, Solana Ventures, Delphi Digital, MGNR, Robot Ventures, and 18decimal. Notable angels Anatoly Yakovenko, Brian Long, Armani Ferrante, Austin Federa, Edgar Pavlovsky, and Nitesh Nath also participated. The Series A brings the company's total financing to $12.1M. Jito Labs will use the capital for recruitment and product development and to support the first third-party validator client for Solana, Jito-Solana. This is expected to open source later this month pending the completion of a Neodyme audit. Jito Labs is developing a suite of trading and validator tools that make MEV more democratic and accessible to traders and validators on the Solana network. Jito-Solana helps node operators earn more revenue and better utilize their hardware. It also features the first native spam-mitigation system for Solana, which helps improve network reliability. Jito-Solana also interfaces with Jito’s Block Engine, a proprietary system designed to build the most profitable and efficient blocks for the network. “Solana is built by the most talented team in the space, but trading bots spamming transactions has resulted in a degraded experience for users and traders. The tooling we’re building at Jito will help Solana scale to support millions of users,” said Lucas, co-founder of Jito Labs. “We are backed by some of the most strategic investors in the Solana ecosystem and are thankful for their support, and the warm welcome from the Solana community.” “Jito is a very capable, super technical team that is putting their efforts into optimizing a Solana validator client for MEV, which is a critical use-case for the long-term health of the network," said Anatoly Yakovenko, CEO, Solana Labs. In addition to validator software, Jito Labs develops tools for traders that are symbiotic with its infrastructure. Jito Bundles, which are similar to Flashbot Bundles on Ethereum, represent groups of transactions that are bundled together and executed in the order they are submitted by traders. Bundles improve liquidity, trading execution and network stability by circumventing expensive priority fee auctions and guaranteeing sequential, all-or-nothing execution. Applications on Solana can leverage Jito’s Bundles to improve the UX around sending multiple transactions. Jito Labs also makes two additional trading tools: a priority mempool, which enables traders to see transactions at the speed they arrive on the network, and ShredStream, which provides low-latency access to shreds from leaders running the Jito-Solana client. Collectively, these tools give searchers and traders the ability to capture arbitrage opportunities and execute trades more efficiently without degrading network performance. “Jito Labs is one of the most important companies in the Solana ecosystem. They are building critical infrastructure that improves network performance and decentralization while maximizing profits for validators around the world. Jito-Solana is a competitive advantage for validators, and an important decentralization milestone for the network,” said Tushar Jain, Managing Partner, Multicoin Capital. Validators that run Jito-Solana are eligible to earn tips from searchers and traders using Jito Bundles to submit transactions to the network. They can also access MEV insights through the Jito MEV Dashboard. About Jito Labs Jito Labs is an MEV infrastructure company that is building high-performance systems to scale Solana and maximize validator rewards. Jito-Solana, the first fully open-source, third-party validator client developed for the Solana blockchain, is a better way to earn more revenue and utilize hardware. Jito Labs’s trading tools are free for use by traders and validators. Learn more: https://jito.wtf/ContactsLucasJito Labs [email protected]
18h agocryptodaily
SEC Opens Probe Into Crypto Exchange Coinbase
Coinbase is facing yet more scrutiny from the U.S. Securities and Exchange Commission (SEC), this time over its token listing process, its staking process, and its yield-generating products. SEC Probes Into Coinbase’s Staking Products In its recent quarterly report disclosing a loss of $1 billion, Coinbase has been served with more regulatory scrutiny. The exchange has revealed that the SEC is probing into its staking product which allows investors to earn yield by locking up certain cryptocurrencies. According to the quarterly report, The Company has received investigative subpoenas and requests from the [U.S. Securities and Exchange Commission] for documents and information about certain customer programs, operations, and existing and intended future products, including the Company’s processes for listing assets, the classification of certain listed assets, its staking programs, and its stablecoin and yield-generating products. Coinbase has been under severe heat from the SEC after the regulatory body announced that it was investigating the exchange for listing nine tokens it believes to be securities and would fall under its purview. This has been a point of contention between the exchange and the regulator with Coinbase consistently stating that it does not host securities of any sort. Legal Officer for Coinbase Paul Grewal has also officially denied these allegations. Last month, the securities agency also charged a former Coinbase product manager and two associates for alleged insider trading. The SEC along with the Department of Justice has filed civil and criminal charges against former employee Ishan Wahi, his brother Nikhil Wahi and friend Sameer Ramani for sharing confidential information about pending announcements of cryptocurrencies. Coinbase To Welcome More Regulations Amid the heat of the increased regulatory scrutiny, CEO of Coinbase Brian Armstrong has welcomed more regulation saying, The more regulation there is for crypto, the better it is for Coinbase. Armstrong has said that the exchange is willing to meet with regulators worldwide as does not regard cryptocurrency regulations as bad. 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 agozycrypto
XRP On Growth Path As Ripple Considers Purchasing Assets Of Cash-Strapped Firm Celsius
Ripple, the blockchain payments company behind the XRP cryptocurrency, is reportedly considering acquiring assets belonging to beleaguered crypto lending firm Celsius.
21h agocoindesk
Hut 8's Q2 Loss Widens to $69M, Continues to Hodl Bitcoin
The miner's earnings took a hit as it works to diversify towards high-performance computing.
1 day agocointelegraph
NFTs and intellectual property, explained
When you buy a nonfungible token, do you automatically get intellectual property rights? Well… it's complicated.
1 day agocryptosrus
US Senators Ask Bank Regulator To Rescind Crypto Guidance — Here’s Why It’s Not A Big Deal
Four US Senators are trying to make crypto suck again. Here’s why it’s not a big deal.  Covered: US Senators Ask Bank Regulator What This Means For Crypto US Senators Ask Bank Regulator Four US senators asked the office of the comptroller to rescind interpretive letters that set out guidance to banks for how they […] The post US Senators Ask Bank Regulator To Rescind Crypto Guidance — Here’s Why It’s Not A Big Deal appeared first on CryptosRus.
1 day agocoindesk
Crypto Exchange Bitfinex May Be Facing Criminal Investigation in US
The exchange’s sister company has been hit with several investigations over who uses its platform and the state of its reserves.
1 day agozycrypto
Circle’s USDC Will Fully Support Ethereum’s Proof-of-Stake Over A Proof-of-Work Fork – Here’s Why
Ethereum is staring at another schism in the network as it inches toward transitioning to the PoS consensus mechanism. Stablecoin companies pitch their tents with the planned transition while other entities push for a hard fork.
1 day agocoindesk
US Senators Warren, Sanders Ask Key Bank Regulator to Rescind Crypto Guidance
U.S Senators Elizabeth Warren (D-Mass.), Bernie Sanders (I-Vt.), Richard Durbin (D-Ill.) and Sheldon Whitehouse (D-R.I.) asked the Office of the Comptroller of the Currency to rescind interpretative letters allowing banks to engage in crypto activities, and explain how involved banks are becoming in crypto.

About Compound

The live price of Compound (COMP) today is 65.0044 USD, and with the current circulating supply of Compound at 7,201,034.86 COMP, its market capitalization stands at 468,098,932 USD. In the last 24 hours COMP price has moved -2.7007 USD or -0.04% while 24,115,172 USD worth of COMP has been traded on various exchanges. The current valuation of COMP puts it at #105 in cryptocurrency rankings based on market capitalization.

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

Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications.
Compound Price65.0044 USD
Market Rank#105
Market Cap468,098,932 USD
24h Volume21,907,596 USD
Circulating Supply7,201,034.86 COMP
Max Supply10,000,000 COMP
Yesterday's Market Cap457,587,070 USD
Yesterday's Open / Close66.2528 USD / 63.5521 USD
Yesterday's High / Low66.2528 USD / 63.2621 USD
Yesterday's Change
-0.04% ( 2.7007 USD )
Yesterday's Volume24,115,172 USD
Select...
/
Select...
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
Community
Source Code
Arrow icon