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0.00000483 BTC
Market Cap (Rank#212)
5,352 BTC
Vol 24h
159.47 BTC
Circulating Supply
Max Supply
33 days agocryptopotato
Hard Fork: MultiDAG 2.0 to Arrive on COTI’s Mainnet
COTI Network will undergo a hard fork that will see the deployment of MultiDAG 2.0 on its mainnet in approximately a month and a half.
70 days agocryptodaily
After Ripple, Binance BNB In SEC Crosshairs
The U.S. Securities and Exchanges Commission (SEC) has been investigating Binance over allegations of violations during the launch of the Binance Coin (BNB). BNB ICO In Trouble After 5 Years The Binance Coin is the official crypto of the Binance ecosystem and was launched in an initial coin offering (ICO) back in 2017. Now, five years later, the SEC has accused the crypto exchange of breaking securities rules during the ICO and is investigating the same. The SEC, which believes that most cryptocurrencies are securities, has filed charges of securities rule violation against many ICO projects. In addition, there have been claims that at least one U.S. resident had participated in the BNB ICO in 2017, which has given the SEC a reason to investigate the exchange for securities violation. However, Binance CEO Changpeng Zhao (CZ) wrote and published a blog in 2020, addressing some concerns over the wording in the coin’s whitepaper, which could be alluding to it being a security. He wrote, “In January 2019, we changed the wording around “buy-backs” and the association with “20% profits.” This was done based on a third-party legal counsel advice indicating the potential for being misunderstood as a security is higher in certain regions, and it was not accurately describing the fact that we don’t need to “buy-back.” We hold BNB.” Reuters Reports Binance Behind-The-Scenes There has been a bit of a spotlight on Binance’s activities, not just from the SEC. A report from an extensive investigation into the exchange’s role in fraudulent activities was published by Reuters on May 6. The report claimed that the exchange had processed at least $2.35 billion worth of transactions from hacks, investment frauds, and narcotics sales between 2017 and 2021. It also claimed that Binance’s Know Your Customer (KYC) and Anti-Money Laundering (AML) checks were not upto the mark during that period. The report specifically mentions the involvement of the North Korean hacker group Lazarus in some of these hacks, along with Binance’s surreptitious connections with Russian drug mart Hydra. The claims were all disputed by a Binance spokesperson, who stated, “[The report is a] woefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations. The fact is that Binance has some of the strictest AML policies in the fintech industry and plays a significant leadership role in helping law enforcement deal with cyber and financial crime. Since the article ran, we have received an outpouring of support from partners in law enforcement across the globe.” 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.
75 days agocoindesk
Bitcoin se estabiliza en un rango estrecho de trading con resistencia en $33K
BTC continúa cotizando alrededor de un punto medio de $30.000, mientras los indicadores se mantienen neutrales.
113 days agocoindesk
Bitcoin se recupera por encima de los $40.000 después de caer a su mínimo de seis semanas
Bitcoin cotiza en torno a los $40.100 tras caer casi hasta los $38.200.
123 days agocryptodaily
Ronin Hack Traced To Infamous North Korean Hacker Group
Recent investigations have revealed that North Korea’s Lazarus group is responsible for the Ronin Validator Hack on Axie Infinity. US Treasury Identifies Hacker Wallet The United States Treasury Department believes that the North Korean hacking group Lazarus is behind the massive crypto theft from Axie Infinity’s Ronin bridge. The government body has recently imposed sanctions on an Ethereum address, which it believes belongs to the Lazarus group. A government spokesperson has addressed the queries about the investigation, which was conducted in collaboration with the FBI. They said, "Identification of the wallet will make clear to other VC actors, that by transacting with it, they risk exposure to US sanctions…There may be mandatory secondary sanctions requirements on persons who knowingly, directly or indirectly, engage in money laundering, the counterfeiting of goods or currency, bulk cash smuggling, or narcotics trafficking that supports the Government of North Korea or any senior official or person acting for or on behalf of that Government." Multiple sources, like crypto news firm CoinDesk, crypto analytics company Chainalysis, and wallet profiler Nansen, have investigated and confirmed the connection between the sanctioned wallet and the Ronin attack. Crypto and financial tracing firm Elliptic studied the funds lost in the hack and concluded that 14% of them have already been laundered successfully. Ronin Focuses On Security Measures Commenting on the discovery, Ronin Network updated its community via a newsletter on Substack, “Today, the FBI attributed North Korea-based Lazarus Group to the Ronin Validator Security Breach…We are still in the process of adding additional security measures before redeploying the Ronin Bridge to mitigate future risk. Expect the bridge to be deployed by end of month. Security comes first. The timeline is subject to change based on the implementation time of several security measures.” The news of the hack first broke towards the end of last month, when the Ronin Network Twitter handle announcedthat the Ronin Sidechain had been exploited, resulting in the loss of 173,600 ETH and 25.5M USDC, or roughly $625 million based on current prices. Thankfully, the team got support from the community when crypto giant Binance and other investors led a $150 million round to raise funds to reimburse the users affected by the hack. Sky Mavis, the parent company behind Axie Infinity, had already had to dip into its balance sheet funds to accumulate sufficient funds for reimbursement. Sky Mavis COO, Aleksander Leonard Larsen, acknowledged that the process to recover funds could be a lengthy one. However, the team has decided to go forward with it, hoping that they will be able to gain more information about the hack in the time being. 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.
125 days agocointelegraph
Indicators flash bullish on COTI ahead of its mainnet and Djed stablecoin launch
COTI turns bullish after increased integration with the Cardano ecosystem and the upcoming launch of MultiDAG 2.0 and the Djed stablecoin reflect strengthening fundamentals.
147 days agocryptopotato
COTI Launches a $10 Million Fund for Ecosystem Development
The blockchain payment project has introduced COTI Ventures to invest and capitalize on business opportunities in its ecosystem.
160 days agocryptopotato
COTI Releases 2022 Roadmap: Plans to Focus on Becoming a Robust Payments Layer One
COTI Network, the blockchain-based payments network, has released its roadmap for 2022.
167 days agocryptodaily
Cardano-based AdaSwap successfully raises $2.6 million to create a gamified DEX 
Cardano-based decentralized finance (DeFi) platform, AdaSwap raises $2.6 million in a star-studded funding round including top crypto VCs and angel investors including Wonder Woman actress, Gal Gadot. In a statement this Wednesday, AdaSwap, a decentralized DeFi ecosystem builder, announced a successful $2.6 million funding round led by iAngels, an Israel-based VC and angel investment platform for accredited investors. The funding round also welcomed other VCs including Shima Capital, Pluto Digital, GBV, Stardust, Efficient Frontier, Finova, Banter Capital, and Coti. The round also saw Hollywood stars, Gal Gadot, and producer Jaron Varsano participate in the round. According to the statement, the funding will be used to build the best possible decentralized exchange (DEX) on the Cardano blockchain. The AdaSwap DEX aims to allow users to swap and stake tokens on Cardano, leveraging the recently introduced smart contracts on the blockchain. Apart from the DEX, AdaSwap also plans to launch a host of protocols including “the first-of-its-kind exclusive NFT marketplace” that will be home to curated collections and famous artists in the space. According to Itay Levy, AdaSwap co-founder, the latest funding round will open up the gates to future developments and upgrades in Cardano’s DeFi ecosystem, “creating a great impact in the crypto space”. “The AdaSwap team is really excited to move forward with our project backed by the best investors from both technical and commercial backgrounds,” Levy added. “We would like to thank all our partners and advisors for supporting us to this point and we can not wait to show the world what we have done.” The main aim for the funding is to create a unique, simple, and gamified DEX to allow users to easily swap cryptocurrency tokens, create, buy and sell NFTs, launch new projects, and stake funds in liquidity pools to earn fees on the Cardano blockchain. The NFT marketplace will also include DeFi properties such as staking and fixed, long-term, and high-yield liquidity pools. Speaking on the latest investment in AdaSwap, iAngels, the lead investor released a statement: "We invested in Adaswap because we believe in the team, its mission, and its tech roadmap. The future of finance is digital and projects like Adaswap will facilitate financial freedom and democratization for the masses. We're excited to join this journey and look forward to a future of innovation with the Adaswap team.” Creating a better Cardano-based DeFi ecosystem Cardano has survived as a top ten blockchain for the past few years. With the recent introduction of composable smart contracts, the blockchain still has an opportunity for “a massive upside in its ecosystem”, Yida Gao, General Partner at Shima Capital said. “We at Shima Capital believe Aaron and the Adaswap team are well-positioned to create core building blocks of the ADA ecosystem starting with a native DEX that can handle trades, swaps, and bridges. We are excited to support Adaswap on its journey to tap into the massive liquidity currently locked in the Cardano protocol," Gao added. AdaSwap also plans to launch its native cryptocurrency, $ASW, which will power the platform and perform various functions within the Cardano ecosystem. As a Cardano-native token, traders and users can swap the token with $ADA (Cardano’s native currency) or any Cardano-based tokens. Holders will be able to swap these tokens freely on AdaSwap DEX, leveraging arbitrage opportunities in real-time while benefiting from its Free Financial Model, where no transaction fees are charged on ASW based transactions. In the future, Adaswap aims to create a micro-ecosystem for its users in an aim to boost the adoption of Cardano’s smart contracts and help it to realize its game-changing potential. “This is an exciting investment opportunity for us in the crypto space," Gal Gadot and Jaron Varsano added in a joint statement. 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.
172 days agocryptopotato
COTI in 2022, The Relationship With Cardano, NFTs & BTC: Interview with CEO Shahaf Bar-Geffen
In this episode, we sit with COTI's CEO, Shahaf Bar-Geffen, to discuss the future of the industry, the metaverse, NFTs, Bitcoin, COTI's partnership with Cardano, and much more.
196 days agocryptodaily
COTI Enters A New Era With Treasury Launch, Bringing More Staking Options To The Community
COTI ecosystem participants have more advanced staking options now with the launch of the long-awaited COTI Treasury. With today’s launch, it is now possible to stake any amount of $COTI tokens into the COTI Treasury and earn rewards with an extremely generous annual percentage yield, though doing so is not always without risk. The launch of the COTI Treasury is a big step on the road towards COTI’s goal of becoming a fully-fledged financial ecosystem, giving community members much greater flexibility over the way they can participate and earn rewards. Users will be able to decide, for example, exactly how much $COTI they wish to stake, how long they want to stake those tokens for, and the level of risk they’re willing to accept. This is performed using options not available with the previous Staking 3.0 system, such as an APY multiplier, compounding rewards mechanism and more. The COTI Treasury is an algorithmic and decentralized pool that allows users to stake $COTI to validate transactions on COTI’s network and earn rewards for participating. The pool is expected to grow over time as fees are paid by network users to validate their transactions. Each user who deposits $COTI into the Treasury is entitled to a share of those fees. Users who deposit any amount of $COTI into the Treasury will first be required to select a multiplier, which is used to calculate their APY, and lock period, or the minimum period of time their tokens will be locked up for. Once that’s done, an individual APY for each deposit will be calculated, based on the deposit’s risk factor. Users can opt for zero risk with a X1 multiplier, or else they can go all for nothing with a X4 multiplier that will generate massive APY but also high risk that the entire deposit will be liquidated. Whether or not a user’s deposit is liquidated depends on their “health factor”, which is calculated by factors including the deposit multiplier, plus the deposit’s original value and current value. For those who select the lowest X1 multiplier, the health score is not applicable. Choose a 2X multiplier for higher APY though, and the health score is set at 3.0. For a 3X multiplier the health score drops further to just 1.5. What’s key to remember though, is that the health score changes constantly as the value of $COTI ebbs and flows - and if the health score falls below 1.0, the entire Treasury deposit will be liquidated, meaning it’s gone forever (though the user will still be able to claim whatever rewards they earned during that time). There is no pain without gain though, and the COTI Treasury is flexible enough to satisfy every investor’s risk appetite, with potentially very generous returns available to those who’re willing to accept higher levels of risk. Other advantages of COTI Treasury include being able to claim rewards at any time, and the ability to earn additional rewards based on APY that equals the unlocked deposit with a 1X multiplier. Users can also top up their deposits at any time and withdraw them whenever they wish, though fees will be applied in the event they withdraw their tokens while still in the active lock period. COTI Chief Executive Shahaf Bar Geffen said the launch of COTI Treasury marks the beginning of a new era for COTI as it bids to become the “currency of the internet”. “The Treasury binds everything that we do at COTI into one coherent system,” he said. “Our commitment is to continue to grow the ecosystem in terms of services, volume, and partnerships to enable lucrative rewards for our users”. COTI said the launch of the Treasury is just the start, with more features planned to be added later in the year, including calculators and automatic processes that aim to make it more seamless and user-friendly. COTI is also working on a cross-chain fee mechanism so fees earned from other COTI products will also go to the Treasury, increasing rewards for everyone. 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.
218 days agocryptodaily
How Decentralization Is Fundamentally Transforming Our Use Of Technology
While centralization has been at the core of our technological evolution, it has also curbed the actual benefits of technology to a large extent. For instance, most of the existing internet infrastructure, also known as Web 2.0, is dominated by a handful of big tech companies. They exert full control over your online data and behavior, which has led to several problems like identity theft, unsolicited advertising, and other unwanted practices. Other problems with centralization include (but aren’t limited to) uptime, censorship, data security and privacy, and the ability to participate in the future development of the technology. On the other hand, decentralization ensures no single source or point of failure for the network. That means that even if one node goes down, the network stays up and running, substantially increasing the difficulty for an attack to take down an entire network. Decentralization also means that you own your data and can control how it's shared with other people or entities on the internet without needing anyone’s permission (not even Google’s, Facebook’s, or Amazon’s). In this digital age, people are getting more and more privacy-concerned. Accordingly, the coming migration from Web 2.0 to Web 3.0 is inevitable. Blockchain-based projects are playing a key role in this movement. By offering a multitude of decentralized products and services, be it web hosting, data storage, identity management, finance, gaming, and almost every other mainstream activity, decentralization is gradually making its way into the big leagues. With that in mind, here are four decentralized projects that stand out for spearheading this generation’s most significant technological disruption. A Decentralized Network Powered By Smartphones Even though blockchain technology is all about decentralization, the increased adoption of cryptocurrencies has ultimately resulted in the involvement of deep-pocketed players. As tokens like BTC became more and more popular (and valuable), the underlying ecosystem that enabled these tokens to thrive has also become centralized. Third-generation blockchain project Minima aims to solve this with its ultra-lean blockchain protocol that works seamlessly on any mobile device. This means that users can finally run full nodes on their mobile phones and tablets. The general idea is to allow every user to become a node participant while enabling the underlying network to work at a level of decentralization that is impossible to achieve in legacy blockchain networks. By design, Minima is a base-layer protocol that can operate globally atop existing infrastructure. It addresses the rising concerns of energy consumption and sustainability clouding major networks like Bitcoin and Ethereum. What sets Minima apart from others is that it is a blockchain designed for mobility with users at the heart of the network. No matter where you are, you can start mining and taking part in the maintenance of Minima without any geographic constraints. The platform has already onboarded over 5,000 node contributors across 94 countries. Fully Decentralized Data Integrity SaaS Platform Data plays a key role in decision-making and is the driving force behind global economies, big corporations, and almost everything. While several Web 2.0 solutions help maintain quality, integrity, and reliability, they are inherently limited by their centralized nature. Authtrail unlocks a new frontier by leveraging blockchain technology, bridging existing data with Web 3.0, thus taking data management to a whole new level. The platform has positioned itself as an on-chain data integrity service provider by supporting an end-to-end solution for data trust and traceability of transactions, effectively balancing user-friendliness and affordability. Authtrail simplifies linking virtually unlimited amounts of data with a single transaction on a blockchain, ensuring fast and affordable data transactions. Data anchoring and verification at an enterprise scale are made possible through Authtrail’s affordable and easy-to-use SaaS service. The platform is backed by a consortium of angels and venture capital funds, helping Authtrail collect $3.6 million from a recent funding round. A Promising Alternative To Ethereum DeFi (decentralized finance) ranks among the fastest-growing blockchain-based ecosystems over the last couple of years. While Ethereum still dominates the bulk of the DeFi market, the overall DeFi ecosystem is fragmented, leading to a liquidity shortage. At the same time, Ethereum’s rising gas costs and slow throughput has forced users and service providers to look for other alternatives. Leveraging this opportunity to the fullest, AdaSwap aims to build an inclusive DeFi ecosystem on the Cardano blockchain. AdaSwap will serve as an end-to-end ecosystem builder for Cardano and facilitate a diverse range of use cases. At its core, AdaSwap will offer a trustless DEX (decentralized exchange) alongside a super-fast gasless AMM (automated market maker). Through these features, AdaSwap will unlock DeFi use cases such as staking, farming, launchpad, marketplace, and much more on Cardano, one of the most formidable competitors of the Ethereum-killer race. The platform already has the first-mover’s advantage as it is the first project on Cardano to take the DeFi direction. Its recent token sale on Cardstarter was oversubscribed, thanks to the underlying hype followed by a discussion on leading channels like Banter Capital and VoskCoin. To further expand its range of offerings, the AdaSwap team is also exploring the possibilities of Djed, a Cardano-based algorithmic stablecoin by the COTI Network. KILT Protocol Embraces Decentralization As the number of online businesses continues rising, the amount of user-generated data and personally identifiable data has also increased dramatically. Almost every other website or app requires users to provide multiple details when signing up for the first time. Since all the data is stored in centralized servers, they become easy targets for cybercriminals. KILT Protocol offers a promising alternative to this problem. Launched in 2018, the KILT Protocol is an open-source blockchain protocol for issuing verifiable, revocable, anonymous, and claims-based credentials in Web 3.0. The KILT Protocol serves both users and developers by delivering a permissionless trust infrastructure for real-world business cases. Anyone can use the platform to represent their identity online without revealing unnecessary or irrelevant details. To further its mission of making Web 3.0 the epitome of inclusiveness, fairness, and transparency, the KILT team transitioned the entire network into a fully decentralized blockchain, handing over the control of the project to its community members. Following this, the KILT Protocol will be managed via governance voting where every KILT token holder will have their say - showcasing yet another example of blockchain democracy in action. 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.
232 days agocryptodaily
ADA Pay 2021: A Year In Review
The previous 12 months have proven themselves to be the most transformational year for Cardano and its native cryptocurrency $ADA to date. With the long-awaited launch of ADA Pay wallet on Cardano’s Shelley Mainnet, $ADA holders finally have a seamless way to pay for goods and services with supported merchants using their favorite crypto. ADA Pay was the result of many months of research, development and hard work by COTI finance-on-the-blockchain ecosystem developers, and its launch in April represented a huge leap forward for Cardano. It has since witnessed a massive surge in demand by consumers and institutions looking to pay and donate using $ADA. One of the unique features of ADA Pay is it enables more than just payments, giving merchants who accept $ADA a way to immediately stake the tokens they receive to earn token rewards and create a positive feedback loop in the $ADA ecosystem. COTI was far from done though, and rather than sit back and rest on its laurels the team has worked hard to bring additional capabilities to ADA Pay, including support for NFT auctions. Wolfram Alpha partnered with COTI and the Cardano Foundation to enable the first ever NFT auction on ADA Pay in June following the introduction of key new capabilities including $ADA payments for NFTs, bidding and auction mechanisms, custody for auctioneers, rapid balance analysis and the new APIs needed for participants to connect. The partnership with Wolfram Alpha was a key moment for the entire Cardano ecosystem, which previously had to host all Cardano NFT auctions in Discord. By adding this native support, ADA Pay has streamlined the entire process of buying and selling Cardano NFTs for the entire community. COTI has big ambitions in the DeFi space that stretch well beyond NFTs though, as became evident with its announcement of another key partnership with in September that aims to explore ways to bring $ADA payments to the OccamRazer launchpad. Later that month, COTI followed up with a second partnership with the Ardana decentralized exchange stable asset liquidity pool, which made stablecoin crypto-to-fiat payments a reality within the Cardano community for the first time. Through the alliance with Ardana, ADA Pay users can now purchase goods using their favorite stablecoins anywhere ADA Pay is accepted. COTI’s developers kept up their relentless drive forward with a key update to ADA Pay in October. The latest release of ADA Pay added numerous important capabilities that will help it to fulfill its ambition of playing a key role in the Cardano ecosystem. The highlight of the release was the new “Infrastructure for scale” feature that allows COTI to monitor millions of wallet addresses more efficiently and with that, support thousands of new merchants that are interested in accepting $ADA. The October update further boosted ADA Pay’s capabilities with improvements to its customization settings, enabling merchants to include or exclude fees from withdrawals, for example. It also makes the withdrawal system faster and more efficient through new functionality such as bulk withdrawals to help merchants save fees. Still, COTI wasn’t done and it ended the year with two more key partnerships that aim to increase the capabilities and usefulness of ADA Pay. First up was the integration with Lovelace, a DeFi-Enabled NFT marketplace for Cardano, that made it easier for its community members to pay with $ADA. Lovelace also agreed to work with COTI to incorporate the Djed stablecoin into the Lovelace marketplace as the default stablecoin currency on Cardano in a move that should help to boost demand and increase its value. Last but not least, COTI teamed up with the NFT and smart contract platform Centaurify in November, making it possible for ADA Pay users to purchase NFT event tickets, digital collectibles and more through the wallet. All in all it’s been an extremely successful year for COTI and the ADA Pay team, and with yet more key developments on Cardano’s roadmap expected to materialize in the coming months, there’s every reason to think 2022 holds just as much promise. 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.
246 days agocryptopotato
Nuvei and Visa to Launch Crypto-Friendly Debit Cards
After COTI, Nuvei is joining forces with Visa to roll out branded Visa debit cards through its subsidiary Simplex.
284 days agocryptodaily
U.S. Department of State Offers $10m Bounty To Pursue DarkSide Hacking Group
DarkSide, the ransomware group responsible for the Colonial Pipeline hack which saw 75 Bitcoin, worth some $4.4 million worth at the time, being paid by the oil pipeline firm, is now the subject of a bounty promoted by the U.S. Department of State. According to a press release by the Department, a reward of up to $10,000,000 for “information leading to the identification or location of any individual(s) who hold(s) a key leadership position” from DarkSide, which it further described as a “ransomware variant transnational organized crime group.” Further, the Department is also offering half of the initial bounty: $5,000,000 for information leading to the arrest of individuals or groups “conspiring to participate in or attempting to participate in a DarkSide variant ransomware incident.” The Colonial Pipeline hack was a ransomware incident that transpired sometime in May 2021, leading to the oil pipeline firm shutting down its 5,500-mile pipeline which serviced 45% of the fuel used for the East Coast region of the U.S. The Department says that its initiative to catch and arrest those responsible for the incident was a gesture of its “commitment to protecting ransomware victims around the world from exploitation by cyber criminals.”The use of cryptocurrency in such incidents has created a negative perception of the crypto industry, showcasing how crypto can be utilized for cybercriminal activity. Such incidents have been used as precedents to support tighter regulation from governments, especially on the matter of anti-money laundering and KYC (Know-Your-Customer) policies. This, however, clashes with the ideals of crypto in terms of user privacy and anonymity. DarkSide’s affiliation with its supposed clientele does not directly link it as a proper threat actor, though, given its operative secrecy. According to Brian Krebs, an information security analyst, the group first surfaced on Russian language hacking forums sometime in August 2020, and operates as a ransomware-as-a-service platform that even vetted cybercriminals may use to infect companies with ransomware. “DarkSide says it targets only big companies, and forbids affiliates from dropping ransomware on organizations in several industries, including healthcare, funeral services, education, public sector and non-profits.” adds Krebs. In response to the Colonial Pipeline hack, the DarkSide group claims that it does not “participate in geopolitics” hence there was no “need to tie us with a defined government and look for other motives.” “Our goal is to make money, and not creating problems for society. From today we introduce moderation and check each company that our partners want to encrypt to avoid social consequences in the future.” DarkSide explained. Despite these claims, the U.S. Department of State appears resolute in its decision to pursue the hacking group. The reward for the information leading to the arrest of any key persons from the group will be managed under the Department of State’s Transnational Organized Crime Rewards Program (TOCRP), which has, to date, indicted over 75 transnational criminals and major narcotics traffickers since its inception in 1986, with over $135 million in rewards disbursed. 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. Opinions stated herein are solely of the author’s, and do not represent or reflect CryptoDaily’s position on the matter.
292 days agocryptopotato
COTI to Launch Its Mainnet 2.0 on November 2, 2021
COTI has announced that it is finally prepared to launch its mainnet 2.0 after more than a year of development.
310 days agocryptodaily
The Crypto Volatility Index (CVI) Integrates Chainlink’s Automation Service for Rebasing of its Volatility Tokens
Image source: The Crypto Volatility Index (CVI), a VIX for cryptocurrencies, has integrated Chainlink Keepers — a decentralized transaction automation service for smart contracts — in order to automate the maintenance of tokens pegged to the Volatility indices. Chainlink Keepers will basically trigger a supply rebase of the Volatility tokens automatically every day at midnight UTC. It will ensure that the tokens continue to maintain their peg without any manual input or centralized processes. Created by the COTI team and Prof. Dan Galai, the creator of the original VIX, as a “market fear index” for the cryptocurrency market, this Index tracks the 30-day implied volatility of Bitcoin and Ethereum. The index ranges between 0 and 200 and is based on a Black-Scholes option pricing model that combines the implied volatility and market expectation of future volatility of crypto option prices together. By providing an insight into the volatility of the market, CVI allows traders to develop strategies for short-term gains and hedge their portfolio against intense price fluctuations, which is inherent to the crypto market and is much heightened than the traditional market. Decentralizing The Index The team has launched its first volatility token called ETHVOL, which is pegged to the Ethereum Volatility Index. To maintain ETHVOL’s peg, the Crypto Volatility Index uses a rebasing mechanism, where every time a rebase is triggered, users receive ETHVOL tokens directly in their wallet based on the latest change in the Ethereum Volatility Index. Another Volatility token called CVIVOL is soon to be launched as well. It will be pegged to the CVI index. CVIVOL token will be tradeable on Polygon-supported decentralized exchanges (DEXs) such as QuickSwap. Polygon is a fast-growing Ethereum scaling solution that has $4.54 billion in total value locked (TVL) and supports more than 70 projects, according to DeFi Llama. “Rebases are paid for by funding fees that then get redistributed to users based on them having a long or short position during the rebase,” as per the project. Every time a rebase is needed to maintain the peg, an entity needs to call CVIV’s smart contract on-chain to trigger the rebase function to run. To decentralize CVIV, it has opted to outsource the process to Chainlink Keepers, which perform the off-chain computation to check for predefined conditions, which when encountered, calls on-chain functions. A Natural Next Step The CVI team has chosen the popular oracle solution Chainlink because it is a decentralized network run by the time-tested and professional DevOps teams powering Chainlink Price Feeds. Chainlink’s decentralized oracle networks are the most popular solution used in the crypto market which is helping secure tens of billions of dollars in value across hundreds of applications and across multiple blockchains. “Integrating Chainlink Keepers was a natural next step after using Chainlink Price Feeds to access high-quality options data used in the CVI volatility index calculation,” said Shahaf Bar-Geffen, CEO of COTI. COTI is a “finance on the blockchain” ecosystem designed to solve the challenges of centralized finance in terms of fees, latency, global inclusion, and risk along with the issues of clogging, complexity, and fees faced by decentralized finance (DeFi). The protocol solves these issues by introducing a new type of DAG-based infrastructure that is fast, private, inclusive, scalable, has low cost, and is optimized for finance. With a market cap of $464 million, the cryptocurrency COTI is trading at $0.534, as of writing, up 1663% in the past year. The token hit a new peak just less than ten days back at $0.67. Popular DeFi Oracle Solution COTI’s CEO Ben-Geffen, too, recognizes the high potential of Chainlink Keepers. He has said, “Chainlink Keepers are reliable, decentralized, and seamless to integrate, ultimately offloading manual labor from our developers while still providing strong assurances that our volatility tokens stay pegged to the underlying CVI index.” Optimized for low costs and decentralized security to avoid single points of failure makes Chainlink Keepers an ideal trust-minimized solution to keep the Volatility tokens reflective of current market volatility. By performing off-chain computations and generating calldata verifiable by smart contracts, it also allows developers to build advanced, trust-minimized dApps at lower costs. Additionally, Chainlink Keepers boats of high uptime even during extreme network congestion and market volatility. Chainlink’s native token LINK is a $12.5 billion cryptocurrency trading at $27.24, up over 130% YTD but down over 28% from its early May all-time high of about $53. DeFi blue-chips like Aave, Sushi, Synthetix, Compound, 1Inch Network, Ampleforth, and many others like, Paxos, Fantom, Swipe, Bancor, dYdX, Perpetual Protocol, Flexa, and PancakeSwap are among its users. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
320 days agocryptopotato
COTI to Release Bank Accounts and Visa Debit Cards
COTI joined forces with Simplex to launch Visa debit cards and bank accounts to clients.
322 days agocointelegraph
Stablecoin launch and NFT integration back COTI’s rise to a new all-time high
COTI price rallied to a new high after a series of partnerships, exchange listings and a pivot toward NFTs lure new investors to the project.
322 days agozycrypto
Cardano To Change The Way Alcoholic Industry Fights Counterfeit Products
The ongoing Cardano Summit as earlier reported has been a hub of activities, from an array of partnership deals with DISH, Chainlink, COTI & Ardana among others to product unveils. One of the most significant developments is that Australian spirits luxury brand Strait Brands has entered into a partnership with Cardano which will see the […]
323 days agocryptodaily
Crypto Daily's More Sideways Action And Exciting Annoucements
While Bitcoin (BTC/ETH) was 8 percent down and Ethereum (ETH/USD) was 9% also in the red compared to last week’s close - Cardano native token ADA (ADA/USD) was trading 4% lower than last week and only a touch above its strong support levels of $2.20-$2.25 at the weekly close Last Sunday, so essentially around levels similar to those that were witnessed during the week leading up to ‘The Greatest Cardano Event’ this year and arguably one of the biggest virtual events in the history of the whole crypto-industry. There were also 38 in-person, community-led meetups happening across six continents during the Cardano Summit, and a few dozen hours of speeches from 7 different categories including: Adoption, Community, Utility, Governance, Impact, Cardano World and Catalyst).We enjoyed a local peak of $2.45 (another lower high in this downtrend unfortunately) just when Charles Hoskinson was giving his opening Keynote Speech. So, what did we hear, what did the Cardano crowd get, and was it all up to the over inflated expectations that I happened to observe especially in some Cardano online groups of enthusiants/investors? In one word: Yes, the Cardano Summit 2021 has absolutely delivered some great content and a host of information and announcements to give us a clue about the future direction of Development of Cardano.The most obvious and logical partnership, that finally materialized this last weekend, was in my humble opinion the one with Chainlink (LINK/USD). Founders of Cardano are going to be more than happy to snap up some of that hot Centralised and Decentralised Finance Cake.For this purpose the Cardano token is going to need a dependable provider of real-world data to be transferred and integrated on the Cardano blockchain in order to be able to run stable services on their native network. Needless to say Chainlink is the industry leader in exactly this side of the blockchains’ functionality. Their own ecosystem boasts over 800 integrations with different projects, institutions, apps, dapps, etc and nearly half of these are DeFi). Chainlink is currently 15th biggest crypto by marketcap (LINK’s Marketcap: $10.7 billion), and it certainly is uplifting to see two of the biggest alts collaborating. Another big announcement turned out to be one that will potentially involve 8 million subscribers of one of the top Fortune 250 corporations- DISH (DISH in 2020 announced acquisition of Boost mobile network with 8million active clients. The company itself has collaborated with none-other than the Almighty Amazon (plans for 5g integration between the companies), so the recently circulating gossips about the allegedly imminent partnership with Amazon might have been less than accurate, but also not completely ungrounded. All these announcements and more, including the stablecoin COTI just couldn’t push the price out and above the $2.5 mark. On the daily ADA (ADA/USD) has evidently been stuck inside of this nearly four-weeks-old Descending Triangle. The descending path has originated from the ATH on 2nd Sep 21, through so-called ‘Buy the Rumour - Sell The News’ situation, where the selling pressure on the day when the smart contracts were introduced (12th Sep 21) managed to drop the price towards the last and most significant abundance of support in the range between $2.10 all the way down to $1.95. Below this mark there is a steep cliff and lots of bad bad news if this is the scenario that ends up occurring.My best advice and an idea to consider for all the swing traders like myself would possibly be to wait for the price to close a few 4-hr candles below $1.95 and short the thing all the way down to $1.50-$1.55 range. If on the other hand, ADA’s upcoming inevitable hype during the week is enough to push the price upwards in order to break above the upper trendline and also above the 50-day Moving Average (currently around $2.46) and ultimately the psychologically important level of $2.50- then we could just see continuation of the wild price discovery phase that had just over three weeks ago catapulted the Cardano ADA’s price action well above the $3 mark (2nd Sep 21 - $3.10). The levels between $2.5 and the ATH have not been traded much, so in my eyes at the moment at least, any price above $3 does not seem as distant any more when you consider the exciting inflow of partnerships with industry leader companies: both real-world and blockchain getting on board.Price-wise, if the price insists on being stuck inside the Triangle all the way down to the apex, we will continue to see more kind of a sideways trading action with decreasing volatility for the next up to 10 days (or until 8thOct 21), but in all likelihood there will be a solution of this pattern sooner than this, it could frankly happen any day. And there should be fireworks too with at least a 25% move expected by many TA traders. If the break was to happen to the downside, there possibly could be an accumulation window open around $1.5-$1.55 (between -20% and -30% correction worst scenario). Only my thoughts and ideas, never financial advice. 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.
323 days agozycrypto
Cardano Unveils ‘Djed’ – An Innovative Stablecoin For The Fast-Growing Ecosystem Issued By COTI
Cardano’s new stablecoin, Djed, will now be issued by the COTI platform according to a partnership announcement on Sunday at the Cardano summit in Wyoming. Djed, a product of efforts between IOG, Cardano’s Emurgo, and Ergo Blockchain is based on an algorithmic design that uses smart contracts to ensure price stabilization improving usability in decentralized […]
323 days agocryptodaily
Cardano Summit Highlights: A New AI And Announcing The Official Issuer Of The Djed Stablecoin
The Cardano 2021 summit saw several important announcements made during the conference. Chief among those were the announcements that Awakening Health has chosen Cardano to ensure that Grace, the AI robot, meets the guidelines set by HIPAA. The second announcement was made by Charles Hoskinson, who confirmed that the COTI platform had been selected as the official issuer of the Djed Stablecoin. AI Comes To The Cardano Blockchain Cardano has announced that it is welcoming Grace, the AI robot that has been designed to revolutionize global healthcare. Grace has been developed by Awakening Health, which is a joint venture between SingularityNET and Hanson Robotics. The creators have selected Cardano, meaning the blockchain will become a private and secure environment for Grace’s AI modules. Cardano has also been chosen to ensure that Grace will meet the stringent requirements set by the Health Insurance Portability and Accountability Act (HIPAA) and the General Data Protection Regulation (GDPR) framework. Security, Privacy, And Performance Improvements The move to Cardano will provide enhanced security and privacy to Grace and her modules. It will also ensure the dramatic improvement to Grace’s performance, which in turn would lead to predictable, lower, and more stable costs. Moving to Cardano also tackles the scalability problem, allowing Grace to operate at her highest level and ensure the quick processing of biodata. Key Functions Of Grace Awakening Health has designed the AI robot to interact with the elderly and with people isolated from others for one reason or another. Designed to look like a healthcare worker, Grace can speak Korean and English and take a patient’s temperature using a thermal camera. She is also designed to measure a patient’s responsiveness and mirror their emotions. This helps Grace come up with a better diagnosis but also allows her to respond emphatically to her patients. CEO of SingularityNET and the creator of the AI technology for Grace, Ben Goertzel, commented on the announcement, stating, “While Covid-19 has had a huge impact on physical health, the mental health impacts will echo long after the lockdowns lift. This is why solutions like Grace are so important, to combat loneliness and ease the burden on frontline workers. And with Cardano’s market-leading capabilities, she will be able to scale to meet this global challenge. As we gradually ramp up Grace’s general-intelligence capabilities over the next few years, she will be able to serve more and more valuable functions in the elder-care and medical space – learning more and more about humanity and absorbing human values as she goes.” COTI Platform To Become The Official Issuer Of Djed The Cardano Summit 2021 also saw the announcement that the COTI platform would be the official issuer of the Djed stablecoin. Djed is a new stablecoin for Cardano based on an algorithmic design that ensures price stability through smart contracts. The smart contract programmability will also ensure that the stablecoin will work for decentralized finance transactions. Specifically Designed For Transaction Fees On Cardano The Djed stablecoin maintains a reserve of base coins while burning and minting other stable assets and reserve coins. It can be used to pay transaction fees on Cardano, making transaction costs more predictable for users on Cardano and ensuring that users are protected from high gas fees. A Significant Improvement To Settlements On Cardano Chief Executive of the COTI Group, Shahaf Bar-Geffen, commented on how Djed could help Cardano, stating, “The stablecoin ecosystem has matured tremendously over the past few years. Blockchain participants are using stablecoins to engage in everyday transactions because they allow monetary value to be exchanged seamlessly, regardless of the sender and recipient’s location. ‘I believe that adding the Djed stablecoin to the Cardano blockchain will significantly improve how transactions are settled on the platform.” Meanwhile, Input-Output Chief Executive Charles Hoskinson stated, “The Djed stablecoin could be a game-changer in the crypto space, appealing to an entirely new audience at a time when the industry is already experiencing astronomical growth. Djed shares our commitment to formal verification, proving a robust method of combating the price volatility of crypto markets. COTI has been a long-time partner of the Cardano ecosystem. It’s great to have them on board with this new venture.” 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.
323 days agocryptonomist
Cardano Summit 2021: Chainlink, COTI, SingularityNET & more
The event that took place this past weekend was full of announcements and partnerships The post Cardano Summit 2021: Chainlink, COTI, SingularityNET & more appeared first on The Cryptonomist.

About COTI

The live price of COTI (COTI) today is 0.116918 USD, and with the current circulating supply of COTI at 1,108,643,952.08 COTI, its market capitalization stands at 129,619,932 USD. In the last 24 hours COTI price has moved -0.000549 USD or -0.00% while 3,009,321 USD worth of COTI has been traded on various exchanges. The current valuation of COTI puts it at #212 in cryptocurrency rankings based on market capitalization.

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

COTI Price0.116918 USD
Market Rank#212
Market Cap129,619,932 USD
24h Volume3,862,228 USD
Circulating Supply1,108,643,952.08 COTI
Max Supply2,000,000,000 COTI
Yesterday's Market Cap126,073,250 USD
Yesterday's Open / Close0.114267 USD / 0.113718 USD
Yesterday's High / Low0.116639 USD / 0.112401 USD
Yesterday's Change
0.00% ( 0.000549 USD )
Yesterday's Volume3,009,321 USD
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