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Compound price, market cap on Coin360 heatmap

Compound(COMP)

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$38.6203
(0.1%)
0.00233632 BTC
Market Cap (Rank#110)
$280,659,335
16,978 BTC
Vol 24h
$4,062,668
245.769 BTC
Circulating Supply
7,267,152
Max Supply
10,000,000
12h agocryptodaily
MetaMask to Start Collecting User IP Addresses
According to an updated privacy policy agreement published by ConsenSys, creator of the MetaMask wallet, MetaMask will begin collecting users’ IP addresses and Ethereum wallet addresses during on-chain transactions. ConsenSys, the creator of the MetaMask wallet, announced in an updated privacy policy agreement that the wallet will soon begin collecting users’ IP addresses and Ethereum wallet addresses. The company however explained that the collection of users’ data will only apply if they use MetaMask’s default Remote Procedure Call (RPC) application called Infura. ConsenSys added that individuals who use their own Ethereum node or a third-party RPC provider with MetaMask will not be subject to the changes in the privacy policy. The firm added that information gathered may be disclosed to affiliates, during business deals, or may be used to comply with Know Your Customer and Anti-Money Laundering requirements. Decrypt reported that alternative RPCs which can be utilized by Ethereum developers include Alchemy, QuickNode, Moralis, and Tatum. Alternative RPCs are however subject to their own data collection policies and may also change in the future. ConsenSys added in a blog post that its “policy has always stated that certain information is automatically collected about how users use our sites and that this information may include IP addresses,” adding that it isn’t “Infura-specific” and that this type of data collection “is consistent with how web architecture works generally.” Overall the crypto community has reacted negatively to the changes in ConsenSys’ privacy policy. Adam Cochran, partner at Cinneamhain Ventures said: There is nothing more important than consumer privacy, especially when it comes to your financial data — you have a right to be anonymous. Metamask has provided a great free service for a long time, but their decision to log IPs and tie it to transactions is unacceptable. ConsenSys is not the only firm to have recently made changes to its data collection policy. Decentralised exchange Uniswap recently started collecting some off-chain data including users’ device type or browser but claims that it collects data purely for improving user experience. The exchange added that their data collection efforts did not include other forms of personal information such as user’s names, addresses, date of birth, email, or IP addresses. 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.
12h agocryptodaily
Why Flasko (FLSK) Is A Better 2023 Investment Than Polygon (MATIC) And Uniswap (UNI)
Investors in cryptocurrencies are beginning to relax as 2022 draws to a close. Almost all cryptocurrencies had a value decline of 90% this year, and the recent FTX bankruptcy did not help the situation. This domino effect impacted established currencies such as Polygon (MATIC) and Uniswap (UNI). Due to the neverending crisis, investors seek alternatives to these currencies, and some new presales are currently gaining traction. Today we will discuss one such presale, Flasko! Uniswap (Uni) Sinks 18% In 30 Days The decentralized Uniswap mechanism enables individuals to exchange Ethereum tokens. Since its launch in November 2018, Uniswap (UNI) has been one of the most popular operating systems on the Ethereum network. The price of Uniswap (UNI) has been declining recently. The confidence of traders in the market has been damaged by the Uniswap (UNI) bulls' inability to push the price above its support levels. Uniswap (UNI) is currently worth $5.51, a fall of 18% in just one month. This has led holders of Uniswap (UNI) to lose faith in the project. Polygon (MATIC) Holders Appear Demoralized Polygon (MATIC) has grown in prominence due to the high platform capacity and low gas prices that users and developers enjoy. Polygon (MATIC) had to increase network use to withstand the current pricing fall. The price of the Polygon (MATIC) token is $0.8588 after falling by 4.28% in a single day. Even if Polygon (MATIC) may soon see some good price swings, analysts advise that investing early in new projects will bring you a more significant profit. Flasko (FLSK) Will Surpass Polymatic (MATIC) And Uniswap (UNI) Let's see why crypto experts predict the newcomer Flasko will be a better investment than Polygon (MATIC) and Unsiwap (UNI) in 2023. Flasko is now in Stage Two of its presale, and we can say that it is a hit. It aims to bring together crypto enthusiasts and the $13.4 trillion alternative investments industry. On the Flasko platform, you may purchase and trade fractionalized NFTs, genuine luxury investments in the most premium, continually appreciating bottle spirits. With a 100% NFT purchase, you may even get the asset backing the NFT sent to your neighborhood, free shipping included! There are three VIP categories for early investors: the whiskey, wine, and champagne clubs. Each of these tiers offers a variety of benefits, including exposure to 75 unique NFTs and entry to several champagne-tasting events globally. Another plus in Flasko’s book, it passed a thorough audit by the famous German-based auditing company Solid Proof. Flasko will also lock liquidity for three decades which proves that the team is in it for the long run. According to cryptocurrency specialists, investing in the Flasko token now will increase your profits by 30x in 2023. With a price of just $0.085, now is the ideal time to invest in this potential top-10 cryptocurrency. If you wish to take part in this project, follow the links below: Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io 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.
13h agocointelegraph
Canada crypto regulation: Bitcoin ETFs, strict licensing and a digital dollar
The first and the last major attempt to encourage a comprehensive crypto framework was buried in the House of Commons on Nov. 23.
20h agocryptodaily
MakerDAO Removes Alameda-linked renBTC As Reserve Collateral
MakerDAO has announced that it has passed a governance vote which will remove Alameda Research-linked renBTC from its stablecoin collateral vaults. The move comes after the team at Ren stated that the current Ren 1.0 protocol will be closed. Ren was funded by Sam Bankman-Fried founded Alameda Research. RenBTC Removed As Reserve Collateral MakerDAO, the issuer of the decentralized DAI stablecoin, has announced that it had passed a governance proposal to remove renBTC from its collateral vaults. The move was announced to reduce the stablecoin’s exposure to what the DAO deems a risky asset following the collapse of FTX and Alameda Research. RenBTC is a wrapped stablecoin asset developed by Ren Protocol, a project backed by Alameda Research. MakerDAO enables users to mint the DAI stablecoin by depositing excess crypto as collateral. In 2020, the protocol announced that users could deposit renBTC in special “RENBTC-A” vaults and mint the DAI stablecoin. MakerDAO announced the news in a tweet, stating, “This is an important notice to all RENBTC-A users. In light of the uncertainty surrounding the Ren Protocol, and following Risk Core Unit’s recommendation, Maker Governance voted to offboard the RENBTC-A vault type.” Community Supports Removal The vote on the proposal saw 100% of the MakerDAO delegates favoring the removal of renBTC from the collateral vaults. London Business School Blockchain, which functions as a MakerDAO delegate, stated, “With Alameda filing for bankruptcy and the elevated risk of renBTC depegging, we support offboard renBTC as collateral to minimize risk to the platform.” At present, there are several renBTC vaults on Maker. These have collectively loaned out over 850,000 DAI. With the vote to remove renBTC passing, these positions will be liquidated beginning the 7th of December, according to the approved vote. Maker’s risk unit added that the liquidation ratio for the positions will be set at 5000%, guaranteeing that liquidations will be triggered. Ren 1.0 To Shut Down The Ren project was acquired by the sister firm of FTX, Alameda Research, and began receiving quarterly funding from the firm. However, shortly after the acquisition of Ren, FTX and Alameda filed for Chapter 11 bankruptcy protection. Following this, the Ren team stated that the current tokenized Bitcoin offering, called Ren 1.0, would be shut down. Ren 1.0 would be replaced by a new community-run Ren 2.0. The team has also put any new renBTC issuance on hold and asked users to burn the circulating tokens on the Ethereum blockchain and claim them back to the original chain. The team also added that the team would require additional funding to develop the second version of Ren. Any Risk To Ren? While renBTC is currently stable, Maker’s Risk Core Unit added that the DAO’s offboarding of the asset could lead it to de-peg from Bitcoin. Maker explained that with burning disabled, it had only a limited window to offload the collateral and minimize any potential complications. It further added that the protocol’s offloading from the RENBTC-A vaults does not represent any threat to the overall financial health of the Maker Protocol. 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 agonulltx
Smart investors see potential in Oryen Network after a wild 200% price increase. How about Monero and Algorand?
Smart investors can see the great potential in this new and exciting DeFi network known as Oryen. What’s all the hype about? And how does Oryen (ORY) compare to Monero (XLM)  and Algorand (ALGO)? Oryen Network (ORY) Oryen is a DeFi staking platform that is community-run and censorship-proof. The platform’s creators have developed a simple […] The post Smart investors see potential in Oryen Network after a wild 200% price increase. How about Monero and Algorand? appeared first on NullTX.
23h agocointelegraph
Binance proof-of-reserves is 'pointless without liabilities': Kraken CEO
According to Powell, a complete proof-of-reserve audit must include the sum of client liabilities, user-verifiable cryptographic proof that each account was included in the sum and signatures proving the custodian’s control over the wallets.
1 day agocryptodaily
World's Biggest Web3 Conference DCENTRAL Miami Going All Out for 2022 Edition
Florida, Miami, 25th November, 2022, ChainwireDCENTRAL Miami is thrilled to host a legendary speaker lineup and reveal a dedicated Fashion & Culture track, a “Day of DAOs”, the Minerva Circle’s Women’s Lounge and its initiatives in diversity, and a new immersive experience for its 2022 edition. Last year's event attracted more than 5,000 Web3 enthusiasts to Miami, making it the first and the largest combined Web3 conference ever. Regardless of current market conditions, the organizers have gone all out to top that this year and accounted for even more attendees by booking double the capacity. Returning for its second installment over Nov. 28 and Nov. 29, 2022, DCENTRAL Miami will host a legendary lineup with guest speakers that include producer, rapper and songwriter extraordinaire Timbaland; R&B star and Grammy-winning singer Miguel; UFC Hall of Famer Michael Bisping; former Buccaneers and Raiders defensive tackle Warren Sapp; and two-time NBA All-Star Baron Davis. Also appearing will be "Tattoo God in LA" Romeo Lacoste, YouTuber Ben "Bitboy" Armstrong, and pro wrestler PJ Black. Together with the Fashion DAO and Jing Meta, this year's DCENTRAL Miami premiers a Fashion & Culture track. The new, full-day event builds on last year's edition, where DCENTRAL created the world's first dedicated digital fashion area at a Web3 conference. Taking place during Nov. 29, the ten talks and panels cover the latest in digital and metaverse fashion, culture and trends. DCENTRAL is also presenting for the first time DAO Summit, a “Day of DAOs” together with DAO Planet on Nov. 28. The more than six and a half hour of presentations cover a huge range of topics relating to protocol governance, including public goods funding, legal considerations and organizational models. Furthermore, DCENTRAL Miami, with the help of AllStarsWomen DAO, is proud to welcome over 130 prominent female speakers sharing their expertise in Web3 across all the stages and workshop spaces. Minerva's Circle — DCENTRAL’s new diversity initiative — is hosting a Women’s Lounge with support from Mythic Games that features a packed and exclusively female-led workshops on diversity, inclusion and empowering the underserved. As guests arrive at the James L. Knight Center in downtown Miami, they are greeted by a 20-foot LED entry cube, but at the heart of the DCENTRAL Miami experience is a fantastical immersive room featuring three entirely screened walls that explore the intersection of art, fashion, technology and culture through immersive experiences, collaborative commissions, NFT drops, living labs and participatory design. DCENTRAL’s NFT Gallery, hosted in partnership with NFT frame company MetaSill, brings yet more surrealism to the conference and will showcase works of digital art pushing the boundaries and steering Web3 culture. Finally Binance Live, CoinMarketCap and Dextools will be live streaming main stage presentations from the eclectic lineup of guests, ranging from native Web3 projects, traditional finance, venture investing, influencers and other niches. About DCENTRAL Miami DCENTRAL Miami is a Web3- and crypto-focused event that takes place over two days in the heart of downtown Miami. The event unites Web3 enthusiasts, industry thought-leaders, creators, artists, builders and degens for a packed program of presentations, parties and networking opportunities. Scattered across the James L. Knight Center will be interactive art displays, product demonstrations and workshops hosted by representatives of influential NFT, DeFi, metaverse and GameFi projects. With a focus on community empowerment, the event embodies the ethos that makes crypto and Web3 special. Website | Twitter | Telegram | Instagram | YouTube | Discord ContactItai [email protected]
1 day agocryptodaily
UK and Singapore Renew Commitment to FinTech Goals
The United Kingdom and Singapore today agreed to a Memorandum of Understanding (MoU) aimed at boosting financial technology (FinTech) trade and cooperation between the two nations. At the 7th Financial Dialogue held in Singapore today, the UK and the Southeast Asian nation renewed their commitment to the continued growth, investment, and technological innovation of the FinTech sector by signing an MoU on the UK-Singapore Fintech Bridge. The countries affirmed their investment in deepening the UK-Singapore Financial Partnership agreed upon in 2021 and discussed mutual priorities including sustainable finance, FinTech, and innovation, and agreed to continued cooperation in these areas. The FinTech Bridge builds on an agreement signed in 2016 and aims to provide structured engagement aiding the development of policy actions, the enhanced assessment of emerging issues including the development of distributed ledger technology and data sharing, and supports trade and investment flow between the two respective countries. The Financial Dialogue is an initiative undertaken by the Monetary Authority of Singapore – the country’s central bank, and the HM Treasury – the UK government’s economic and finance ministry. World’s Leading Spaces for FinTech Investment Confirm Commitment According to Innovate Finance’s 2022 Summer Investment Report, the UK and Singapore are two of the world’s leading jurisdictions for FinTech investment. In the first half of 2022, the total global investment in FinTech reached $59 billion, with the UK accounting for $9.1 billion of that. The country also boasts a 24% year-on-year increase from 2021 which is more than the rest of Europe combined. At the same time, Singapore was ranked as Southeast Asia’s leading jurisdiction for FinTech investment and places sixth globally. Andrew Griffith, the Economic Secretary to the Treasury said: The UK and Singapore are among the world’s leading jurisdictions for fintech investment –and today’s announcement will only accelerate growth and innovation in our respective sectors. CEO of Innovate Finance, Janine Hirt added: Innovate Finance welcomes this announcement. An MoU between UK and Singapore will deliver a strengthened framework for vital regulatory and policy discussions between the two countries, enable innovation across financial services, and ensure businesses based in both the UK and Singapore have the ongoing support for their ambitions for growth to be realised. While discussing their mutual interest in the FinTech space, the countries addressed matters of sustainable finance, affirming their strong commitment to the implementation of International Sustainability Standards Board (ISSB) disclosure standards. Both countries have vowed to continue to work with the International Organisation of Securities Commissions (IOSCO), the ISSB, and various other international organizations to implement a comprehensive global baseline of sustainability-related disclosure standards. Another key topic of discussion was the crypto-asset sector. Both countries shared their assessment of market developments, opportunities, trends, and long-term expectations for the sector. Key to this discussion was the risks and challenges associated with the industry as they pertain to financial stability and regulatory arbitrage while sharing their progress in strengthening the rules around consumer protection and developing the necessary regulatory framework for stablecoins. Both the UK and Singapore are in strong agreement in terms of the need to support the safe development of a digital asset ecosystem while ensuring risks posed by digital assets are managed accordingly. Both countries have pledged to actively participate in the shaping of robust global regulatory practices via engagement with international boards such as the Financial Stability Board (FSB), the Committee on Payments and Market Infrastructure (CPMI), and IOSCO. The UK and Singapore wrapped up by agreeing to a roadmap for engagements in sustainable finance, FinTech and innovation, and other areas of mutual interest, leading up to the next Dialogue which is scheduled to take place in London in 2023. 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
Three crypto giants vying to buy Voyager Digital
Binance, CrossTower, and Wave Financial are bidding once more for the grand prize of Voyager Digital and its assets. Three crypto firms are in contact with Voyager Digital as they each try to offer a bid and terms that will be to the best advantage of the bankrupt crypto lending platform and its customers. Binance makes an offer Binance.US, the US arm of Binance, will make another offer after its initial offer was rejected in favour of FTX. Now that company is out of the reckoning Changpeng Zhao’s company will once again prepare a bid for Voyager. Zhao has been prominent among those trying to bolster the crypto ecosystem after the massive implosion caused by FTX. He recently announced that his Web3 Industry Recovery Initiative would receive a further $1 billion to add to the $1 billion already pledged. CrossTower seeks to benefit the wider crypto community CrossTower is keeping its cards close to its chest, but the crypto trading company does say, according to CNBC, that its revised offer will “benefit both the customers and the wider crypto community.” CNBC also reports that CrossTower wants to put together a crypto recovery fund along the same lines as Binance, but the company stresses that it is not there to compete with the Binance Web3 Industry Recovery Initiative. Wave Financial wants to “reinvigorate $VGX” On the minds of many Voyager investors is what will become of $VGX, the exchange token, which worked along similar lines as the Binance BNB token, offering discounts on trading fees among other utilities. The Wave Financial bid takes this into account. Matteo Perruccio, president of international for Wave, said that his company’s former bid sought to reinvigorate the $VGX token. He also shared with CNBC how to attract customers at a lower cost, saying: “We also had some, I think, pretty clever ideas about how to bring traffic at a much lower cost of acquisition at a higher per customer balance, which were the two big problems at Voyager,” 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
Analysts Estimate That Flasko (FLSK) Will Overtake Uniswap (UNI) and Dogecoin (DOGE) In 2023
The cryptocurrency market lost its spark at the start of 2022. By the conclusion of May, the market had already started to decline, and the recent FTX crash caused prices to drop much lower. Today, most coins are still having trouble recovering from their recent lows. This impacts some well-known cryptocurrency projects, like Dogecoin (DOGE) and Uniswap (UNI). Investors have nonetheless picked up on Flasko, a promising cryptocurrency. Let's investigate the basis behind the buzz! Uniswap (UNI) Suffers 13% Drop In The Last 30 Days Uniswap (UNI) initially rose to prominence during the decentralized financial surge of 2020. Furthermore, supporters of digital currencies, especially those with essential stakes in DeFi, have traditionally favored the Uniswap (UNI) platform. Sadly, the 13% drop in Uniswap (UNI) this month shows no more need for DeFi operations. Uniswap (UNI) is currently trading at $5.53, and investors are searching for options with greater development possibilities. Dogecoin (DOGE) Still No Applications In The Real World Dogecoin (DOGE) was launched in 2013 as an alternative to well-known digital coins like Bitcoin. The Shiba Inu logo and name are founded on a practical joke. Dogecoin (DOGE) was intentionally developed to be abundant. It has an infinite supply and creates 10,000 coins per minute. The recent decline in their asset price hasn't been enjoyable for Dogecoin (DOGE) holders. Another thing that discourages investors from holding Dogecoin (DOGE) is the lack of real-world use cases compared to Flasko. Flasko (FLSK) Will Provide Incredible Returns Crypto experts predict Flasko will outperform Dogecoin (DOGE) and Uniswap (UNI) coins in the coming months. Let's dive deeper into why that may happen! Investors can buy fractionalized NFTs backed by bottles of expensive and sought-after champagne, whisky, and wines on the alternative investment platform that Flasko is developing. The Flasko has achieved Stage One completion thanks to funders. The Flasko presale is currently in Stage Two, and the project looks well on its way to achieve its full potential. When discussing safety, it is essential to note that Solid Proof has finished its audit, which is a positive development. Additionally, the Flasko team will lock liquidity for 33 years. These details demonstrate that investing in Flasko is among the safest decisions you can make. We agree with experts' forecasts that the value of Flasko will rise by more than 4,000% in 2023. It's a fantastic opportunity to participate in a project that has the potential to run high in the near future for just $0.085. Most seasoned investors know that investing early in reputable businesses typically results in significant returns. This is the reason we implore you to look into Flasko: Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io 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
ApeCoin Geoblocks North American Stakers
The United States was added to the list of regions geo-blocked from using an upcoming Apecoin staking service. Geo-Blocking Implemented Across North America Apecoin holders based in the United States would lose an opportunity of winning staking rewards due to the geo-block imposed on North America by the website. The site is being built by the blockchain infrastructure company Horizen Labs, which disclosed information about the geo-blocking in a Twitter update. The site ApeStake.io is being developed on behalf of the ApeCoin DAO (decentralized autonomous organization) and, according to the update from Horizen Labs, will be geo-blocked from the North American countries of the United States and Canada. The other countries and regions also on the list are North Korea, Syria, Iran, Cuba, Russia and Russia-controlled regions of Ukraine, Crimea, Donetsk, and Luhansk. A section of the update reads, “We are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today’s regulatory environment, we had no good alternative.” SEC Investigating Yuga Labs Crypto staking refers to the process of locking up one’s crypto assets or digital coins to secure a certain blockchain network and, in turn, receiving rewards in terms of network fees and subsidies or a periodic yield. However, securities regulators in the United States have been targeting such products and have come down hard on other crypto lending platforms providing simar services. The decision by ApeCoin to implement geo-blocking across the U.S. came soon after the Securities and Exchanges Commission (SEC) launched a probe into ApeCoin creator Yuga Labs in October. As with Ripple and XRP, the SEC is investigating if the popular NFTs under the Yuga Labs banner act more like securities and are subsequently flouting federal laws. Loopholes To Access APE Staking Although the website will act as an interface to interact with the Ethereum-based open-source smart contract, there will be other ways to work around the geo-block. Several other exchanges and DeFi platforms are also designing similar interfaces to allow users from geo-blocked locations to stake APE. Another alternative for users from geo-blocked locations is to interact directly with the smart contract. According to the ApeCoin team, “We want to remind the community that one of the benefits of decentralized finance is that anybody can interact with a smart contract, or develop clients and interfaces that allow users to interact with smart contracts.” Furthermore, the use of VPN is also quite popular among the crypto community and can be used in this instance to hide their IP addresses. 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
1inch releases new tool to protect traders against ‘sandwich attacks’
The company said that the new tool works by allowing users to submit transactions directly to validators.
1 day agocryptodaily
Belgium Declares BTC, ETH Not Securities
BTC, ETH, or any other cryptocurrency that is generated by computer code is not classified as securities by a Belgian regulatory body. Belgian Regulator Addresses Concerns Belgium’s Financial Services and Markets Authority (FSMA) released a report on November 22, which addressed the question - are cryptos securities? According to the regulatory body, since Bitcoin, Ether, and other cryptocurrencies are issued solely by computer code, they are not considered securities. An excerpt from the report reads, “If there is no issuer, as in cases where instruments are created by a computer code and this is not done in execution of an agreement between issuer and investor (for example, Bitcoin or Ether), then in principle the Prospectus Regulation, the Prospectus Law and the MiFID rules of conduct do not apply.” There have been increasing questions regarding where digital assets fall under the country’s existing financial laws and regulations. The above-mentioned report clarified in response to these increasing queries about the classification of cryptocurrencies under Belgian law. FSMA’s Stepwise Plan The FSMA has also stated that it will be including cryptocurrencies as a security under its “stepwise plan” if it was issued by an individual or entity. However, the stepwise plan will not be affected by the technology behind such assets. Simply put, it will not matter if the digital assets are existing or are being facilitated on a blockchain or through other traditional means. The European Parliament’s Markets in Crypto Assets Regulation (MiCA) will be adopted across the continent around the start of 2024. Till then, the regulatory framework for this asset will be provided by the stepwise plan chartered by the FSMA report. Furthermore, even if the cryptocurrencies are not categorized as securities, they will be subjected to other regulations if they are being used as an exchange medium. “Nevertheless, if the instruments have a payment or exchange function, other regulations may apply to the instruments or the persons who provide certain services relating to those instruments.” FSMA And SEC - Two Different Approaches The report from the regulatory body further states that transferable instruments with an issuer need to provide detailed information to potential investors. In such cases, the EU’s Markets in Financial Instruments Directive law or MiFID will come into action to prevent conflicts of interest. But since cryptos like Bitcoin do not have any particular issuer, the law does not apply to them. This clear-cut attitude towards crypto is in stark contrast to the perspective adopted by the FSMA’s American counterpart. The U.S. Securities and Exchanges Commission (SEC) has held a very “regulation by enforcement” approach toward digital assets and has also dragged crypto companies to the court over claims that cryptos should be registered as securities. 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
Binance Recovery Fund Worth $1B, Crypto Daily TV 25/11/2022
In Todays Headline TV CryptoDaily News: Binance targets $1B recovery fund. Binance is targeting $1 billion or more for a previously announced recovery fund to buy distressed crypto assets, CEO Changpeng "CZ" Zhao said in an interview. The fallout of FTX's bankruptcy has been felt deeply across the entire industry, leading to other companies like lender BlockFi reportedly preparing for bankruptcy. Global regulators to target crypto platforms after FTX crash. The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such 'conglomerate' platforms will be the focus for 2023, the new chair of global securities watchdog IOSCO said in an interview. Singapore starts fraud investigation into crypto exchange Hodlnaut. Singapore police have started an investigation into the troubled crypto exchange Holdnaut. The white-collar division of the police force is looking into allegations of cheating and fraud by the company and its directors, according to reports. BTC fell 0.3% against USD in the last session. The Bitcoin-Dollar pair dropped 0.3% in the last session after rising as much as 1.0% during the session. The Stochastic indicator is giving a positive signal. Support is at 15979.6667 and resistance is at 16995.6667. The Stochastic indicator is giving a positive signal. ETH/USD exploded 1.1% in the last session. The Ethereum-Dollar pair rose 1.1% in the last session after gaining as much as 2.7% during the session. The CCI is giving a positive signal. Support is at 1107.2967 and resistance is at 1228.3767. The CCI is currently in the positive zone. XRP/USD skyrocketed 5.2% in the last session. The Ripple-Dollar pair exploded 5.2% in the last session. According to the Stochastic-RSI, we are in an overbought market. Support is at 0.3633 and resistance is at 0.3914. The Stochastic-RSI is signalling an overbought market. LTC/USD dove 1.4% in the last session. The Litecoin-Dollar pair plummeted 1.4% in the last session. The Stochastic indicator is giving a positive signal, which matches our overall technical analysis. Support is at 64.6033 and resistance is at 89.1033. The Stochastic indicator is currently in positive territory. Daily Economic Calendar: DE Gfk Consumer Confidence Survey The GfK Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity, making it an indicator of consumer spending. Germany's Gfk Consumer Confidence Survey will be released at 07:00 GMT, Germany's Gross Domestic Product at 07:00 GMT, and the French Consumer Confidence at 07:45 GMT. DE Gross Domestic Product The Gross Domestic Product is a measure of 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. FR Consumer Confidence The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. IT Business Confidence The Business Confidence is a survey of the current business conditions. It indicates the short-term performance of the overall economy. Italy's Business Confidence will be released at 09:00 GMT, Singapore's Industrial Production at 05:00 GMT, and Japan's Jobs / Applicants Ratio at 23:30 GMT. SG 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 the industrial production. JP Jobs / Applicants Ratio The Jobs to Applicants Ratio released by the Japan Institute of Labour is obtained by dividing monthly active job openings by monthly active applications. 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
StarkNet makes Cairo 1.0 open source in first step toward community control
StarkNet has prioritized scalability over composability and transparency. But it’s now working on making its tech open source.
2 days agocoindesk
Jump Crypto, Aptos Labs Commit to Binance-Led $1B Recovery Fund
Several prominent crypto companies including Aptos Labs and Jump Crypto will contribute $50 million to the planned $1 billion Industry Recovery Initiative (IRI).
2 days agocryptopotato
Elon Musk Believes SBF Is Better at Bribing Media Outlets Than Running FTX
SBF is much better at bribing media companies than running a crypto exchange, Elon Musk said.
2 days agocoindesk
Singapore Starts Fraud Investigation In to Crypto Exchange Hodlnaut: Reports
The police are reportedly looking into allegations of cheating and fraud by the company and its directors.
2 days agonulltx
Oryen Network Most Bullish Presale 2022 – Invest into the staking platform alongside Chainlink, Aptos and Binance Coin
Bullish momentums are the highlights of any investment venture, and when it comes to the cryptocurrency niche, presales are the best opportunities to generate excellent returns. Oryen Network is an auto-staking and auto-compounding platform, the first of its kind in DeFi. The platform is experiencing its most bullish presale in 2022, due to its incredible […] The post Oryen Network Most Bullish Presale 2022 – Invest into the staking platform alongside Chainlink, Aptos and Binance Coin appeared first on NullTX.
2 days agocointelegraph
CrossTower eyeing further crypto acquisitions outside of Voyager bid
CrossTower’s president said they would place extra emphasis on highly transparent and compliance-focused companies in light of the FTX collapse.
3 days agocoindesk
First Mover Asia: Cryptos Fly Higher as U.S. Turkey Day Holiday Approaches
The CEO of crypto lending and borrowing platform Hexn.io, believes recent crypto debacles will leave the industry stronger by weeding out weaker companies and fostering stronger regulatory efforts.
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About Compound

The live price of Compound (COMP) today is 38.6203 USD, and with the current circulating supply of Compound at 7,267,152 COMP, its market capitalization stands at 280,659,335 USD. In the last 24 hours COMP price has moved -0.2478 USD or -0.01% while 4,467,445 USD worth of COMP has been traded on various exchanges. The current valuation of COMP puts it at #110 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.

Founded in 2017, Compound is an Ethereum-based DeFi lending protocol that allows users to easily borrow or lend crypto assets in a trustless, decentralized environment. The protocol was developed by Compound Labs Inc., a software development firm led by San Francisco-based Robert Leshner and Geoffrey Hayes. As of Q2 2022, Compound ranked among the top 10 largest DeFi protocols, with a TVL (Total Value Locked) of around $3 billion. 

Compound protocol was created with the aim of putting people’s idle crypto assets to use. It does that by providing them an open lending platform that can be used by anyone to deposit Ethereum-based tokens to earn interest or take a secured loan in a completely trustless manner.

COMP, the native token of the Compound protocol, is based on Ethereum’s ERC-20 standard and is used for decentralized governance of the platform. COMP holders are allowed to propose, debate and implement changes to the Compound protocol, without any intervention from the Compound team. The entire process happens on-chain, in a completely transparent manner. Each COMP token equals 1 vote. One can even delegate his/her voting right to someone else. While all COMP holders can debate and vote on protocol modifications, only the ones with at least 100,000 tokens can float proposals to make such changes.

COMP price

The COMP price rapidly surged past $300 within a week after its June 16, 2020 launch, and reached $336 on June 22. However, it soon ebbed and stayed mostly within the range of $150 - $250 until late September 2020, when it began its downward descent, bottoming out at $80 on Nov. 3, 2020. 

COMP coin’s next noteworthy surge came in January 2021, amid a market-wide crypto boom, when it rallied onto breach the $500 resistance for the first time, and registered $573 per token valuation on Feb. 12, 2021. Buoyed up further by market forces, COMP coin registered its all-time high of $911 on May 12, 2021. COMP’s fully diluted valuation crossed $9 billion on that occasion. 

As per our COMP live price chart, COMP USD price kept fluctuating between $300 to $500 thereon, until December 2021, when pulled down by bearish forces, it started gradually declining, and plummeted to its all-time low of $26 on June 18, 2022.

How COMP works

Anyone can sign up with Compound and use the protocol without providing any personal information. All you require is an Ethereum compatible wallet like MetaMask and you’re good to go.

Lenders can deposit their crypto assets into Compound pools, in return for ERC-20-based ‘cTokens’, which represent their stake in the corresponding pool. For instance, you can deposit ETH into a pool, and obtain cETH in return. These cTokens can be redeemed any time for the underlying crypto asset. Over time, with the increasing exchange rate of these cTokens, the lenders can convert them into a higher amount of the corresponding underlying asset. Hence, earning interest through Compound becomes as easy as just holding a cToken. 

When it comes to the borrowers, they can deposit collateral and avail a secured loan from any of the Compound pools. The Loan-to-Value (LTV) ratio and interest rate paid varies from asset to asset.

Compound distinguished itself from the other DeFi protocols by pioneering the concept of ‘Liquidity Mining’ in the crypto world. While it is common for everyone to look for the best opportunities to earn interest on their crypto deposits, also referred to as ‘Yield Farming’, Compound introduced ‘Liquidity Mining’, as per which the users could earn COMP governance tokens by simply engaging with the protocol. COMP token was launched in June 2020, with a maximum fixed supply of 10 million. 

COMP news, updates and highlights

In important COMP news, the Compound protocol, riding high on the yield farming and liquidity mining craze, crossed $1 billion in crypto loans issued, for the first time, in July 2020. This came less than a month after the launch of the COMP token. 

More recently in May 2022, Compound’s enterprise arm ‘Compound Treasury’ received a fairly mixed credit rating from the S&P Global. Rated B- by S&P Global, it meant that the USDC-based yield platform was deemed as ‘speculative’, but capable of meeting its current financial commitments. However, most importantly, it was the first time that an ‘Institutional DeFi’ product earned a score from any of the major credit rating agencies.

Frequently asked questions about COMP

  • Is it possible to mine or stake COMP?

No, you cannot mine COMP tokens. However, it’s possible to organically earn them by engaging with the Compound platform.

  • Which are some of the best COMP wallets?

You can store your COMP tokens in any ERC-20 compatible wallet. Some of the best COMP wallets are MetaMask, Ledger, Trezor and MyEtherWallet.

  • What can you do with COMP cryptocurrency?

You can use your COMP tokens to participate in Compound protocol’s governance. They can also be traded against other crypto assets on established crypto exchanges.

  • How can you buy COMP?

You can buy COMP from any of the well-known crypto exchanges using trading pairs like COMP/USDT, COMP/BTC, COMP/ETH and so on. It can even be purchased with fiat currency on some of the platforms.

Compound Price38.6203 USD
Market Rank#110
Market Cap280,659,335 USD
24h Volume4,062,668 USD
Circulating Supply7,267,152 COMP
Max Supply10,000,000 COMP
Yesterday's Market Cap275,930,750 USD
Yesterday's Open / Close38.2174 USD / 37.9696 USD
Yesterday's High / Low39.1431 USD / 37.6269 USD
Yesterday's Change
-0.01% ( 0.2478 USD )
Yesterday's Volume4,467,445 USD
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