Cosmos(ATOM)
Add to Watchlist
$8.0909
(-13.22%)
0.00031080 BTC
Market Cap (Rank#20)
$2,804,372,631
107,726 BTC
Vol 24h
$121,817,080
4,679 BTC
Circulating Supply
346,608,690
Max Supply
?
1 day ago • cryptodaily
Robinhood Delists Solana, Cardano, and Polygon
Trading app Robinhood will remove Solana, Cardano and Polygon from its platform come June 27. The move comes after the SEC alleged that several crypto tokens are unregistered securities.
Robinhood Markets Inc. announced today that it would end support for Solana (SOL), Cardano (ADA), and Polygon (MATIC) as of June 27.
No Other Coins Will Be Affected
The trading app informed users they would no longer be able to trade the tokens on its platform just days after the SEC labelled several popular cryptocurrencies unregistered securities. The regulator made the allegations in a lawsuit against crypto exchange Binance and its CEO, Changpeng Zhao.
The lawsuit names Cardano, Polygon, Solana, Cosmos Hub (ATOM), Filecoin (FIL), Decentraland (MANA), Algorand (ALGO), The Sandbox (SAND), Coti (COTI), and Axie Infinity (AXS). The suit also identified the BUSD and BNB stablecoins as securities.
Robinhood limited its delisting to SOL, ADA, and MATIC and said to users that no other coins would be affected and would remain safe on its platform.
It had been reported that the trading app would review its cryptocurrency offerings. On Tuesday, the company’s chief legal officer, Dan Gallagher, told Congress that it is “actively reviewing” the SEC’s analysis “to determine what if any, action to take.”
Gallagher, a former SEC commissioner, testified before the House Agriculture Committee during a meeting on digital assets.
SEC Sparkes Chaos in the Crypto Market
The securities agency filed lawsuits against two of the largest cryptocurrency exchanges – Binance and Coinbase.
According to the SEC, Binance mishandled customer funds and deceived investors and regulators about its operations. It further alleged that both Zhao and the exchange failed to restrict US customers from its platform and charged Binance with operating as an unregistered securities exchange.
The agency filed suit against Binance’s rival platform, Coinbase, accusing the exchange of acting as an unregistered broker, exchange, and clearinghouse. The SEC charged Coinbase for “the unregistered offer and sale of securities in connection with its staking-as-a-service program.”
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 ago • cryptopotato
Bitcoin (BTC) Dominance on the Rise as Cardano (ADA) Slips 4% (Market Watch)
Aside from ADA, ATOM, GRT, and FIL have also dropped hard in the past 24 hours.
2 days ago • nulltx
Top 3 Ignorant Ways Crypto Users Can Give Scammers Access To Their Wallets
Wallet scam or hack is a growing thing in the crypto space in recent months. Several techniques can be used to stop situations like the recent theft of over $35 million in cryptocurrency from Atomic Wallet. The protection of users’ funds can be considerably improved by using strong security techniques like two-factor authentication, encryption, and […]
3 days ago • cryptodaily
XRP and Solana are two bluechips showing bullish price movement, can Tradecurve challenge them?
Despite the recent lawsuit against Binance that accuses them of selling unregistered securities, XRP remains unnamed, and pro-crypto lawyers are still anticipating a win in the SEC vs Ripple. Solana’s charts show bullish potential, although SOL is one of the coins that may be affected by the SEC. Tradecurve, currently in presale, recognises the growing problems of regulation in the US and offers a solution for traders around the world.
>>BUY TCRV TOKENS NOW<<
Ripple lawyers remain confident of a win
The crypto market reels from the latest Binance lawsuit from the SEC, that could see coins such as SOL, ADA, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI as securities. However Ripple is notably absent from the lawsuit, adding strength to Ripple lawyer John Deaton’s argument that XRP will not be declared a security.
Deaton now anticipates that the case will come to a close around the end of September. He expects either an outright win, or the potential that a cut off line will be drawn that allows Ripple to officially not be a security.
He also predicted a potential price for the XRP token assuming that the outcome is favorable, saying that “I certainly believe that somewhere between $2 and $10 is reasonable”.
Solana is named in the SEC vs Binance lawsuit.
Although Solana has been demonstrating bullish potential from a technical analysis point of view, the recent Binance lawsuit names Solana’s coin SOL in the lawsuit, as an unregistered security. This isn’t the first lawsuit that Binance have faced, and similarly to the XRP vs Ripple case, the judgment could go either way.
Still it’s not great news for the layer 1 chain, and Solana’s price has fallen by 7% over the last 24 hours, currently trading at around $20 per coin.
Solana and the other tokens and coins named in the lawsuit, may take comfort in the words of John Deaton, who believes that it may be possible for future redemption even if they do get named as securities. This is because once cryptocurrencies like Solana achieve a significant level of decentralization, there is a possibility that they could transition from being classified as securities to being recognized as commodities.
Is Tradecurve the answer to regulatory woes?
As the US continues to pursue aggressive anti crypto regulations, in what Nic Carter sees as a concerted effort to de-platform crypto from the banking system, the need for regulation free platforms increases. This could be where Tradecurve gets its chance to shine, offering a borderless and KYC trading platform that combines the financial products of TradFi, including commodities, stocks and bonds, and of course, crypto.
Tradecurve are based in St Vincent and Kitts where offering these products are legal. Tradecurve follows Binance and other exchanges such as Gemini, who are increasingly looking to move their operations outside of the US.
Tradecurve’s token is TCRV, and is currently in stage 3 of presale. TCRV is changing hands at $0.015 and will launch at a minimum price of $0.088. Experts are predicting a rise as big as 1000x once it is listed on Uniswap and tier 1 CEXes.
Learn more about TCRV and the future of the project here:
Click Here For Website
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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.
3 days ago • nulltx
Rocketing to Infinity: TMS Network (TMSN) Skyrockets Past Cardano (ADA) and Cosmos (ATOM)
TMS Network (TMSN) unleashes an unstoppable momentum, reaching around 2000% token gain as it enters the fourth presale phase. It has raised an incredible $6 million since the start of its presale, skyrocketing past platforms like Cardano (ADA) and Cosmos (ATOM). This article will discuss the features of each platform and why TMS Network (TMSN) […]
3 days ago • coindesk
Atomic Wallet Was Breached by North Korean Hackers: Elliptic
Wallets that siphoned Atomic users' funds are connected to the known Lazarus group's addresses, crypto tracing firm said.
4 days ago • cryptodaily
Atomic Hack Funds Sent to Crypto Mixer Used by Lazarus Group
According to reports from Elliptic, funds drained from the Atomic Wallet hack have been sent to Sinbad, a crypto mixer used by the Lazarus Group.
According to reports by crypto tracing firm Elliptic Enterprises, the funds drained from the hack on the Atomic Wallet on June 3 have been sent to a crypto mixer used by the Lazarus Group, a notorious North Korean hacking operation.
The $35 million stolen from @AtomicWallet users is being laundered through Sinbad - the mixer fka(?) Blender and used heavily by NK's Lazarus Grouphttps://t.co/UHCwfZiw8e
— Elliptic Investigations (@Elliptic_Inv) June 5, 2023
Elliptic reported that its Investigation Team traced funds from the $35 million hack to Sinbad.io, a cryptocurrency mixer used by the hacking group.
Elliptic’s Investigations Team is also following the transaction trail, and has determined that the stolen funds are being swapped for bitcoin, before being laundered through Sinbad.io - a mixer. Previous Ellipticresearchrevealed that Sinbad has been used intensively to launder over $100 million in proceeds of hacks perpetrated by North Korea’s Lazarus Group.
This includes assets from the $540 million Axie Infinity hack and $100 million Horizon Bridge attack.
Atomic Wallet Users Drained of Over $35 Million
On June 3, the self-custodial, decentralised Atomic Wallet received reports that several wallets had been drained of their funds. The project confirmed the compromise on June 4 and said it would investigate the matter.
We have received reports of wallets being compromised. We are doing all we can to investigate and analyse the situation. As we have more information, we will share it accordingly.For any questions and concerns, contact [email protected]
— Atomic - Crypto Wallet (@AtomicWallet) June 3, 2023
Atomic said on June 5 that less than 1% of its monthly active users were compromised in the attack, adding that it continues to investigate.
At the moment less than 1% of our monthly active users have been affected/reported. Last drained transaction was confirmed over 40h ago.Security investigation is ongoing. We report victim addresses to major exchanges & blockchain analytics to trace and block the stolen funds.
— Atomic - Crypto Wallet (@AtomicWallet) June 5, 2023
Blender.io Relaunches As Sinbad.io
Earlier reports indicated North Korean hackers had been using a new mixing service to launder stolen cryptocurrencies. Elliptic found that the crypto mixing service used by the Lazarus Group, Blender, is likely to have been re-launched as Sinbad.
Following a series of high-profile hacks, the United States Treasury’s Office of Foreign Asset Control (OFAC) imposed sanctions against Blender and Tornado Cash for helping Lazarus launder close to $500 million in illicitly obtained cryptocurrencies. After the US imposed sanctions against the mixing services, Tornado Cash continued to operate while Blender ceased its operations and disappeared after reportedly taking $22 million in Bitcoin from the mixer.
According to Elliptic, Blender likely started operating the new service called Sinbad, which Lazarus used to launder illicit funds in October 2022.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days ago • cryptopotato
Atomic Wallet Hacker Funnels Stolen Crypto to North Korea-Tied Coin Mixer: Elliptic
Elliptic has not yet specified how much was sent to the mixer.
4 days ago • cryptodaily
BTC Crashes Below $26000, Crypto Daily TV 6/6/2023
In Todays Headline TV CryptoDaily News:
Ethereum reserves at multi-year lows
Ethereum token reserves on exchange wallets have declined to their lowest level since 2018. As of June 5, ETH reserves sit at 17.2 million Ether, a multi-year low.
Atomic Wallet users hacked for $35M
The crypto industry’s latest causality occurred over the weekend as nearly $35 million worth of various tokens were stolen from Atomic Wallet, a centralized storage and wallet service. These tokens included bitcoin, ether, tether, dogecoin, litecoin, bnb coin and polygon.
Bitcoin dropped below $26,000
Cryptocurrency prices dropped after the U.S. Securities and Exchange Commission charged Binance, the largest crypto exchange in the world, with violating securities laws. Bitcoin fell more than 6% to its lowest level since March.
BTC/USD dove 5.5% in the last session.
The Bitcoin-Dollar pair plummeted 5.5% in the last session. The RSI's negative signal is in line with the overall technical analysis. Support is at 26695.3333 and Resistance is at 27661.3333.
The RSI is currently in negative territory.
ETH/USD plummeted 4.4% in the last session.
The Ethereum-Dollar pair dove 4.4% in the last session. According to the Stochastic-RSI, we are in an oversold market. Support is at 1866.6167 and Resistance is at 1925.8567.
The Stochastic-RSI points to an oversold market.
XRP/USD dove 6.1% in the last session.
The Ripple-Dollar pair dropped 6.1% in the last session after rising as much as 1.3% during the session. The MACD is giving a positive signal. Support is at 0.5017 and Resistance is at 0.5629.
The MACD is currently in positive territory.
LTC/USD plummeted 7.1% in the last session.
The Litecoin-Dollar pair dove 7.1% in the last session. The Williams indicator is giving a negative signal. Support is at 92.571 and Resistance is at 97.311.
The Williams indicator is giving a negative signal.
Daily Economic Calendar:
US API Weekly Crude Oil Stock
The API’s Weekly Statistical Bulletin reports overall U.S. and regional data relating to refinery operations and the production of the four major petroleum products. The US API Weekly Crude Oil Stock will be released at 20:30 GMT, the UK's 30-y Bond Auction at 09:30 GMT, Australia's RBA Interest Rate Decision at 04:30 GMT.
UK 30-y Bond Auction
The auction sets the average yield on the bonds auctioned off. Yields are set by bond market investors, and therefore they can be used to estimate investors' outlook on future interest rates.
AU RBA Interest Rate Decision
The RBA Interest Rate Decision is announced by the Reserve Bank of Australia. The interest rates are a key mechanism through which the central bank influences inflation.
AU RBA Rate Statement
Decisions regarding the interest rates are made by the Reserve Bank Board and are explained in a media release that announces the decision after each meeting. Australia's RBA Rate Statement will be released at 04:30 GMT, Japan's JP Foreign Reserves at 23:50 GMT, the US Redbook Index at 12:55 GMT.
JP JP Foreign Reserves
The Foreign Reserves are the total of a country's gold holdings and convertible foreign currencies held by its central bank.
US Redbook Index
The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days ago • cryptodaily
SEC Calls Solana, Cardano, Polygon Securities In Binance Lawsuit
The United States Securities and Exchange Commission (SEC) has alleged that popular cryptocurrencies such as Cardano (ADA), Polygon (MATIC), and Solana (SOL) are unregistered securities.
The regulator made the allegation in a lawsuit against Binance and its CEO, Changpeng Zhao.
Prominent Cryptocurrencies Classified As Securities
The lawsuit names an extensive list of cryptocurrencies apart from Cardano (ADA), Polygon (MATIC), and Solana (SOL). The three rank among the largest and most prominent cryptocurrencies in the market. The other cryptocurrencies mentioned include Cosmos Hub (ATOM), Filecoin (FIL), Decentraland (MANA), Algorand (ALGO), The Sandbox (SAND), Coti ( COTI), and Axie Infinity (AXS). The lawsuit has also identified the BUSD and BNB stablecoins as securities, further compounding the seriousness of the situation. Furthermore, the SEC lawsuit also alleges that Binance has listed crypto assets that have previously been the subject of enforcement action by the SEC.
These include several assets, such as TRX, UST, AMP, and REP. This, according to the Securities and Exchange Commission, indicates a reckless disregard for securities regulations by Binance and its executives. However, the lawsuit does not mention Litecoin (LTC) or Ethereum (ETH). Additionally, Securities and Exchange Commission Chair Gary Gensler has clarified that the SEC views Bitcoin as a commodity. However, he has suggested that a vast majority of other tokens in the market are securities.
Token Value Tanks
Several tokens saw a considerable drop in price following the news of the SEC lawsuit. Among the hardest hit was Solana, which saw a 6% drop, sliding to $20 in just an hour. Algorand, another asset mentioned as a security in the lawsuit, saw its value drop by 9.9% following the news. SEC Chair Gensler has previously spoken quite positively about the asset. Polygon saw a drop of 7%, while Polkadot dropped by 6.9%, according to data from CoinGecko.
The Lawsuit Against Binance And Zhao
The Securities and Exchange Commission unveiled its lawsuit against Binance on Monday. The commission had sued the world’s largest cryptocurrency exchange and its CEO, Changpeng Zhao, for alleged violation of several US securities laws. According to the SEC, Binance has been offering its users unregistered securities trading platforms and offering unregistered crypto asset securities sales.
“The Securities and Exchange Commission today charged Binance Holdings Ltd. (“Binance”), which operates the largest crypto asset trading platform in the world, Binance.com; U.S.-based affiliate, BAM Trading Services Inc. (“BAM Trading”), which, together with Binance, operates the crypto asset trading platform, Binance.US; and their founder, Changpeng Zhao, with a variety of securities law violations.”
One of the key charges against Binance involves the company’s US operations. According to the Securities and Exchange Commission, Binance and BAM Trading, the Binance.US operator, operated as exchanges in the United States of America without registering with the SEC, in addition to being clearing agencies and broker-dealers. According to the SEC, certain cryptocurrencies were offered as securities on Binance’s primary international exchange and Binance.US.
“Binance and BAM Trading have unlawfully engaged in unregistered offers and sales of crypto asset securities,” the lawsuit states. “In so doing, they have deprived investors of material information, including the risks and trends that affect the enterprise and an investment in these securities.”
The Securities and Exchange Commission also alleged that Binance secretly controlled its US operations, allowing high-value US customers to evade restrictions and divert billions of dollars worth of customer funds. Binance has refuted all allegations made by the SEC.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days ago • cointelegraph
Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic
Stolen crypto from Atomic wallets is already on the move to mixers according to Elliptic.
5 days ago • cryptopotato
Over $35 Million Reportely Stolen From Atomic Wallet Users
Atomic Wallet has not yet released the specifics of the attack.
5 days ago • cointelegraph
Atomic Wallet says hack affected 1% of active users, but investors claim otherwise
In the aftermath of the attack, Atomic Wallet — along with individual blockchain investigators — have amped up efforts to track and revert stolen funds.
5 days ago • coindesk
Atomic Wallet Users Hacked for $35M Worth of Bitcoin, Ether, Tether and Other Tokens
Atomic Wallet said Monday that “less than 1%” of its monthly active users were impacted in the weekend breach.
6 days ago • cointelegraph
Atomic Wallet hack losses top $35M, on-chain sleuth reports
Security teams are investigating the cause of the attack. Reports have surfaced of tokens being lost, transaction data being erased, and even entire crypto portfolios destroyed.
6 days ago • cryptopotato
Atomic Wallet Hacked: Largest Victim Reportedly Lost 2.8M USDT
Some users blamed the wallet provider that they had funds stolen from their accounts in the past as well.
6 days ago • cointelegraph
Atomic Wallet exploited, users report loss of entire portfolios
Several users on Twitter have reported losses of crypto assets, claiming funds held on the Atomic Wallet app vanished.
10 days ago • nulltx
Cosmos (ATOM) and Polkadot (DOT) Investors Flock to InQubeta (QUBE) Presale Amid Substantial Hype
The cryptocurrency market is abuzz with excitement as investors from the Cosmos (ATOM) and Polkadot (DOT) ecosystems flock to participate in the presale of InQubeta (QUBE). This highly anticipated event has attracted significant attention and generated substantial hype within the crypto community. InQubeta Provides A Compelling Proposition For Investors InQubeta’s presale offers a unique opportunity […]
14 days ago • cryptodaily
Crypto Currencies Set To Explode In Q3: Polkadot, Cosmos, Caged Beasts
The third quarter of this year holds great promise for the crypto market as several tokens are poised to make a significant impact. Among them, Polkadot, Cosmos, and Caged Beasts (BEASTS) stand out with their unique advantages and potential for explosive growth. Let's delve into the advantages of these tokens and why they deserve your attention.
Polkadot: Unleashing Interoperability and Scalability
Polkadot (DOT) stands out in the crypto market by offering unparalleled interoperability and scalability. Its core technology, known as the Polkadot Relay Chain, enables different blockchains to communicate and share information securely. This revolutionary feature allows for seamless interaction between chains, fostering collaboration and enabling the transfer of assets and data across various networks. With Polkadot's interoperability, developers can build decentralized applications that leverage the strengths of multiple blockchains, leading to enhanced functionality and efficiency. Additionally, Polkadot's scalable architecture ensures that as the network grows, it can handle increased transaction volumes without compromising performance.
Cosmos: Empowering A Connected Blockchain Ecosystem
Cosmos (ATOM) takes a unique approach to blockchain by creating an interconnected ecosystem. It achieves this through the Cosmos Hub, a central hub that connects multiple independent blockchains, known as zones, through the Inter-Blockchain Communication (IBC) protocol. This innovative solution allows for seamless communication and interoperability between different blockchains, enabling the transfer of assets and data across the network. Cosmos' modular architecture and developer-friendly tools make it easy for developers to create and customize their own blockchains within the ecosystem. By empowering a connected blockchain ecosystem, Cosmos opens up new possibilities for cross-chain applications, decentralized finance (DeFi), and decentralized exchanges (DEXs), driving innovation and fostering collaboration among blockchain projects.
Caged Beasts: Embracing Community, Transparency, And Growth
Caged Beasts (BEASTS) stands out in the meme coin realm with its strong focus on community, transparency, and growth.
This token prioritizes engaging its community members through various programs and initiatives. Competitions, bonuses, events, and voting opportunities are just some of the avenues that Caged Beasts provides for its community to participate and earn rewards. By fostering an immersive experience, Caged Beasts aims to create an active and vibrant community that shares a common interest in the token's success.
Transparency is another key aspect of Caged Beasts, as the project team provides access to observe locked-up funds, ensuring trust and confidence among investors. Furthermore, Caged Beasts has a clear growth strategy in place, allocating a significant portion of its funds to a marketing wallet. This allocation is aimed at expanding the coin's reach, driving adoption, and establishing a strong presence in the market. With its community-centric approach, transparency, and growth-oriented mindset, Caged Beasts seeks to differentiate itself and offer a compelling investment opportunity in the meme coin space.
Conclusion
As we enter the third quarter of the year, the crypto market is primed for explosive growth, and tokens like Polkadot, Cosmos, and Caged Beasts are leading the charge. Polkadot's interoperability, Cosmos' connected blockchain ecosystem, and Caged Beasts' community-centric approach make them compelling choices for investors and developers alike. By leveraging their unique advantages, these tokens are set to redefine the crypto landscape and open up new possibilities for innovation and financial opportunities. Keep a close eye on these tokens as they aim to make waves and shape the future of the crypto world in the coming months.
For More On Caged BeastsWebsite: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
14 days ago • nulltx
Why Chainlink (LINK), DigiToads (TOADS), and Cosmos (ATOM) Are Your Best Bets for 2023
The ongoing cryptocurrency market crisis has impacted many stable and top crypto projects, causing investors to question their cryptocurrency portfolios. The growing uncertainty of the market enables investors to eye more stable crypto coins. This article will explore the top DeFi coins with significant growth potential- DigiToads, Chainlink, and Cosmos. Chainlink (LINK), DigiToads (TOADS), and […]
21 day ago • nulltx
Chainlink (LINK) and Cosmos (ATOM) Left Battle for Second Place as TMS Network (TMSN) Soars to Massive 1700% Token Price Increase
Cryptocurrency and blockchain technology’s mainstream adoption is growing dramatically, and the battle for supremacy is getting intense. Recently, TMS Network (TMSN) has secured the top position in the crypto market with its advanced trading technology and unique features leaving Chainlink (LINK) and Cosmos (ATOM) to vie for the second place. Still in presale, TMS Network […]
24 days ago • nulltx
While Cosmos (ATOM) and Tezos (XTZ) Fail to Deliver, InQubeta (QUBE) Presale Shatters Records
The cryptocurrency market is currently experiencing unexpected shifts, with many solid tokens like Cosmos (ATOM) and Tezos (XTZ) falling short of delivering bullish pressure. While many investors temporarily criticize them as declining tokens, the cryptocurrency challenger InQubeta (QUBE) fills the void. InQubeta (QUBE) debuts with a milestone presale set to rock the cryptoverse in no […]
25 days ago • cryptodaily
Tenet and Ankr Partner to Bring Liquid Staking Derivatives (LSDs) to More Blockchains
Mahe, Seychelles, May 16th, 2023, ChainwireTenet, the first layer-1 blockchain to create a DeFi Ecosystem for Liquid Staking Derivatives (LSDs), has joined forces with Ankr, a leading blockchain infrastructure provider, to increase adoption of LSDs across all blockchains, including those where liquid staking derivatives are currently not available yet.As part of the partnership, Tenet will have discounted pricing on Ankr’s LSD integration services, which allows Proof of Stake Blockchain’s to easily set up liquid staking for their assets with Ankr. In addition, Tenet will help cover some of the integration costs for its partners in exchange for the new Blockchain’s committing a certain amount of LSD assets to Tenet’s network.Proof of Stake networks today dominate the blockchain landscape, with the vast majority of alternative layer-one chains and application specific blockchains (“appchains”) each having their own staking token. Staking is key in securing the network to protect from economic attacks, which means that DeFi use cases that generate alternate sources of yield will potentially reduce the security of the network. By adopting liquid staking derivatives, which allow using staked assets in DeFi, the conundrum is effectively solved — increasing the security of the network as it scales.Most LSD liquidity today comes from Lido, which means that smaller blockchains may need to wait some time before they see their chain integrated. Ankr, on the other hand, has created a white-label system that allows any project to quickly set up their own LSD.By working with Tenet, projects will benefit from both the cheaper LSD integration services, as well as the Tenet layer-1 LSD ecosystem, which allows users to earn maximum yield on their assets by supplying them to various DeFi protocols on its network. In exchange, Tenet partners will need to commit a certain amount of LSD total value locked to Tenet Validators, which boosts its security model.Tenet has a unique model called Diversified Proof of Stake (DiPoS), which supports staking with any LSD asset from other chains, such as ETH, BNB, ATOM, SOL and ADA. This allows Tenet to be partially secured by all its supported networks, dramatically improving security compared to standard single-token Proof of Stake."We're on a mission to bring LSDs to all the top Layer-1 blockchains and make Tenet the defacto place for them to safely earn yield and utility," said Greg Gopman, CEO of Tenet and former CMO of Ankr. “During my time at Ankr, I was inspired by all the amazing LSD products the company launched, but disappointed by their ultimate lack of use. With Tenet, we aim to change this.”As part of the deal, Tenet will commit to using Ankr for its RPC services, as well as other integrations that make sense for the network’s infrastructure. The two companies will also put together a Liquid Staking Conference (side event) at EthCC in Paris, in July 2023.Tenet is currently live on testnet and will launch Mainnet and its token generation event on May 25.About TenetTenet is a DeFi-focused Layer-1 ecosystem, providing liquidity and yield opportunities for liquid staking derivatives (LSDs). Co-founded by Greg Gopman, former CMO of Ankr, and Dan Peterson, former head of revenue operations at Blockdaemon, Tenet aims to unlock the potential of the rapidly growing LSD market, which is currently valued at over $17 billion. Tenet takes a unique approach by sharing security through Diversified Proof of Stake, which allows LSDs to stake to its network and earn yield on their liquid staking assets and participate in the platform's governance.About AnkrAnkr is an all-in-one portal built to support the growth of Web3. They provide multi-chain API connections, dApp development tools, and crypto staking solutions with a global node infrastructure powering it all over 30+ blockchains. As the pioneer of liquid staking, Ankr creates next-generation solutions for supporting validation on several proof-of-stake chains with an industry-leading node delegation system and security. With a Total Value Locked of over $500M, Ankr is the 3rd largest Ethereum staker and go-to staking infrastructure provider for ecosystems like the BNB Smart Chain, Polygon, and [email protected]
25 days ago • cryptodaily
Your Path To Free Crypto Rewards With DogeMiyagi, Avalanche, And Cosmos
In the ever-evolving world of blockchain, there's a powerful way to secure and strengthen public networks while reaping lucrative rewards. It's called staking, and it's a journey that can take you to the forefront of the crypto revolution.
Enter Avalanche (AVAX) and Comsos (ATOM), two cryptos offering staking rewards like no other. Newcomer DogeMiyagi (MIYAGI) is also offering its own rewards: a referral system that lets users indulge in the thrill of earning free crypto by enjoying a whopping 10% of the commission. The popular soundbite of “passive income” is very apt when it comes to these cryptocurrencies!
Avalanche - Unleashing An Avalanche Of Staking Rewards
Avalanche (AVAX) sets itself apart from the crowd with its unique Proof-of-Stake (PoS) consensus mechanism, offering unparalleled scalability and efficiency. Comparable to the likes of Polkadot and Cosmos, Avalanche surpasses its competitors with its remarkable throughput and lightning-quick transaction finality.
Avalanche's architecture revolves around its ingenious Proof-of-Stake consensus mechanism. This means that AVAX token holders have the exciting opportunity to earn staking rewards by pledging their holdings to secure the blockchain. Staking is the act of locking up your AVAX tokens, fortifying the Avalanche network's economic security. By incentivizing token holders to act in the network's best interests, Avalanche establishes a bond of trust and integrity that safeguards the network's value.
So, whether you're a crypto enthusiast looking to ride the Avalanche wave or a developer eager to unleash your dApp on a high-speed, tailor-made blockchain, Avalanche beckons you with open arms. Join the revolution, stake your claim, and experience a blockchain adventure like no other.
Cosmos - Revolutionises Connectivity And Collaboration
Cosmos (ATOM) has emerged as a trailblazer, smashing through the barriers that once kept different blockchains from chatting and doing business with each other. It's like watching an otherworldly dance of interconnectedness, and investors and developers are absolutely captivated. With a mind-boggling 400 projects in its vibrant ecosystem, Cosmos is a bona fide hotbed of innovation.
At the heart of staking lies the concept of economic security. By locking up your ATOM, you become a guardian of the blockchain, ensuring its protection. But here's where the adventure begins: not only do you play a vital role in securing the network, but you also get to earn crypto assets in return. Through staking Cosmos, you can earn rewards that will leave you grinning from ear to ear.
Once you complete the staking transaction, a world of crypto rewards unfolds before your eyes. As a staker, you hold the reins, deciding when the time is right to claim your accumulated rewards. With a simple transaction sent through your wallet, you unlock the treasure trove that's been patiently waiting for you.
DogeMiyagi - The Sensei Sensation
Looking to add a little extra punch to your crypto journey? Say hello to DogeMiyagi (MIYAGI), the fresh-faced contender that's turning heads with its groundbreaking approach to sustainability and ethical practices. Brace yourselves for a whirlwind of innovation and principles.
At the helm of this new innovative crypto stands none other than the charismatic Mr. Dogemiyagi. With a twinkle in his eye and a heart full of determination, this is no ordinary crypto crusader. DogeMiyagi has learned from the mistakes of other meme coins and is all about prioritizing principles before diving headfirst into the wild crypto waters.
DogeMiyagi knows how to reward its members in style. With its special referral program, DogeMiyagi enthusiasts can turn their network into a source of substantial benefits. It's simple: refer others to join the DogeMiyagi community and watch the rewards flow into your wallet. When you successfully refer someone to DogeMiyagi, you'll earn a juicy 10% commission on their investment. That's right, a sweet slice of the pie that's automatically awarded to your wallet with no fuss or hassle.
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About Cosmos?
The live price of Cosmos (ATOM) today is 8.0909 USD, and with the current circulating supply of Cosmos at 346,608,690 ATOM, its market capitalization stands at 2,804,372,631 USD. In the last 24 hours ATOM price has moved -0.2551 USD or -0.03% while 34,677,530 USD worth of ATOM has been traded on various exchanges. The current valuation of ATOM puts it at #20 in cryptocurrency rankings based on market capitalization.
Learn more about the Cosmos blockchain network and how it works or follow the price of its native cryptocurrency ATOM and the broader market with our unique COIN360 cryptocurrency heatmap.
The Cosmos (ATOM) network was launched by Jae Kwon and Ethan Buchman in 2017 with the aim to solve scalability, interoperability and usability issues faced by conventional blockchains. Today, Cosmos development is supported by a Swiss non-profit foundation called Interchain Foundation (ICF), and it is widely recognized as a continuously expanding network of interconnected and decentralized blockchains.
While the Cosmos whitepaper was released in 2016, its native cryptocurrency ATOM was released in 2017 via the most successful blockchain-based fundraiser of its time. The token sale garnered $16.8 million in funding within 30 minutes. The Cosmos Hub, a name often used interchangeably with the Cosmos network, is the economic center of Cosmos. It is a blockchain that interconnects all blockchains running on Cosmos through IBC (Inter-Blockchain Communication) protocol and is secured by ATOM, its native token.
Using Cosmos, developers are able to build absolutely autonomous app-specific blockchains which can easily connect with each other. As a result, the platform is extensively used in domains like social networks, gaming, NFTs (Non-Fungible Tokens), DeFi (Decentralized Finance), marketplaces and DAOs (Decentralized Autonomous Organizations).
The Cosmos ecosystem comprises over 265 apps and services, with more than $50 billion worth of digital assets under management. Some well-known projects built using the Cosmos infrastructure include Crypto.org, Terra, Binance Chain, Athea, Bytom, OKC or OKX Chain and Polygon.
ATOM price
As can be seen in our ATOM live price chart, the coin’s price remained well under a dollar since its ICO in 2017 till around the Cosmos Hub launch in early 2019. ATOM price quickly rallied upwards after the Cosmos Hub went live, and breached the $7 resistance in June 2019. However, the price of ATOM kept moving between $2 and $8 for the most part of 2019 and 2020, ending the latter at $6.5.
ATOM coin’s next noteworthy price action came in February 2021, soon after the Stargate upgrade. Further egged on by a market-wide bullish sentiment, ATOM price breached $25 by end of February, and continued its rise, breaking out above $30 in May 2021.
Four months later, ATOM registered its all-time high above $44.50 on Sept. 20, 2021. ATOM’s fully diluted valuation at the time can't be calculated since it has no fixed maximum supply. The coin came close to its ATH in January 2022 but retraced to under $30 by the end of Q1, 2022.
How ATOM works
Rather than multiple blockchain apps competing with each other for resources on a single layer-1 blockchain, in Cosmos, each decentralized app has its own sovereign blockchain which is connected with others.
The Cosmos Hub, with its native coin ATOM, makes up the core blockchain of this internet of blockchains. It went live on the Cosmos mainnet in 2019 and was the first of the hundreds of thousands of blockchains to launch on the Cosmos network. It has been designed with multiple services, to serve blockchains connecting to Cosmos, including a decentralized interchain exchange, shared security, secure custody of digital assets and bridges to Bitcoin and Ethereum blockchains. The connected blockchains communicate with each other through an interoperability protocol called the IBC (Inter-Blockchain Communications) protocol. It is modeled after the TCP/IP technology and ensures the secure transfer of value and data between the blockchains.
The Cosmos Hub, like most blockchains on the Cosmos network, employs a variant of the Proof-of-Stake mechanism called the Tendermint Byzantine Fault Tolerance consensus algorithm. ATOM coin holders stake or lock their coins with network validators, thus playing a part in securing the Cosmos ecosystem. They earn rewards in the form of transaction fees (split amongst stakers) as well as voting rights to participate in Cosmos' governance.
The IBC protocol and BFT consensus mechanism ensure that blockchains created on Cosmos retain their independence and can freely communicate with other blockchains. Besides these, Cosmos also offers developers pre-built modules in the form of Cosmos SDK, enabling quick deployment of super-efficient blockchains which can be modified based on specific use cases.
ATOM news, updates and highlights
In a significant development for the Cosmos network, its Stargate upgrade was implemented in February 2021, enabling, for the first time ever, seamless communication between Cosmos blockchains through the platform’s standardized IBC protocol.
More recently, in another noteworthy ATOM news, the network’s Hub Theta upgrade went live in April 2022. It added a host of features to the Cosmos platform, including giving the Cosmos ecosystem’s blockchains the ability to control accounts on other networks. With this ability, users on a specific blockchain can easily swap and/or stake tokens on a different blockchain, and conduct more account-related operations, including voting on governance proposals of the latter.
Frequently asked questions about ATOM
Can you stake or mine ATOM coins?
You cannot mine ATOM coins but you can stake your ATOM holdings to earn staking rewards.
Which are the best wallets for ATOM cryptocurrency?
Cosmos recommends around 35 crypto wallets for storing your ATOM coins. These include Guarda Wallet, Exodus, AToken, Atomic Wallet, Huobi Wallet and Trust Wallet. You can look at the list here.
What can you do with ATOM coins?
You can stake your ATOM coins to earn staking rewards and have the right to participate in Cosmos' governance. You can also trade ATOM against other crypto coins on reputed exchanges.
How can you buy ATOM coins?
The best way to buy ATOM coins is from recognized and established crypto exchanges. You can buy ATOM with fiat currency, or use crypto trading pairs like ATOM/USDT, ATOM/ETH, ATOM/BTC, ATOM/SOL, etc., to make the purchase.
| Cosmos Price | 8.0909 USD |
| Market Rank | #20 |
| Market Cap | 2,804,372,631 USD |
| 24h Volume | 121,817,080 USD |
| Circulating Supply | 346,608,690 ATOM |
| Max Supply | No data |
| Yesterday's Market Cap | 3,181,779,354.78 USD |
| Yesterday's Open / Close | 9.4348 USD / 9.1797 USD |
| Yesterday's High / Low | 9.4647 USD / 9.1634 USD |
| Yesterday's Change | -0.03% ( 0.2551 USD ) |
| Yesterday's Volume | 34,677,529.61 USD |
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