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Cryptocurrencies/Coins/Covesting (COV)
Covesting price, market cap on Coin360 heatmap

Covesting(COV)

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$0.168103
(2.94%)
0.00000993 BTC
Market Cap (Rank#929)
$2,822,085
166.697 BTC
Vol 24h
$96,188
5.681701 BTC
Circulating Supply
16,787,851.21
Max Supply
?
1h agocryptodaily
DappRadar: Blockchain Gaming Activity Hardly Impacted by FTX Crypto Blast
Kaunas, Lithuania, 1st December, 2022, ChainwireDappRadar, the global dapp store, said today in a report the blockchain gaming sector showed strong resilience throughout the month of November, despite negative pressure on the wider crypto industry that resulted from the collapse of the once-popular FTX cryptocurrency exchange. Blockchain games brought almost half of the blockchain activity DappRadar's latest Blockchain Games Report shows that blockchain gaming activity largely managed to brush off the events at FTX. The number of daily unique active wallets (UAW) averaged 800,875 in November, down slightly from just over 900,000 UAWs in the previous two months. All told, blockchain games accounted for a healthy 46% of all blockchain activity, ensuring it remains the biggest segment in the overall crypto space, ahead of decentralized finance. The most popular blockchain for gaming was, once again, Wax, which actually saw an increase in daily activity with an average of 344,284 daily UAWs in November, up more than 4% from October. BNB Chain was the second-most popular gaming protocol in October with an average of 171,269 dUAW but took a big hit in November and that number decreased by 35%. Taking BNB Chain’s spot as the second-most popular gaming protocol in November was Hive, which also declined from the previous month by 8%, but maintained an average of 156,369 dUAW this month. There were a number of blockchains that suffered as a result of the fallout from the FTX collapse, though. In particular, gaming on the Solana blockchain - which was closely linked to FTX - appears to have taken a big hit.In November, it saw its gaming activity fall by a stunning 89.42% to just 2,326 daily UAWs, the lowest number it has registered thus far. Top-ranking games pick up speed while metaverses take a hit in sales Most of the games ranking in the top ten in terms of users put in a strong showing throughout the month. For instance, the Wax-based Alien Worlds managed to grow its user base by an impressive 25% to emerge as the most-played game of all, with 212,000 dUAWs. Splinterlands came in at number two with 169,000 dUAWs, up 5% from the previous month, November was a busy month for metaverse gamers too, with The Sandbox completing one of its most hyped events thus far, Alpha Season 3, with more than 353,000 unique users across 98 brand-generated experiences. While The Sandbox saw its NFT trading volume fall by around 33% last month to just over $1 million, it ended the month by announcing another big land sale. The upcoming sale promises to be a big event, with The Sandbox poised to auction off 1,967 LANDs, including 50 estates, 695 regular LANDs, 134 premium LANDs and 19 one-of-one LANDs. Both standard and premium LAND sales will be allocated via a blind ballot system. The sales actually kicked off on Nov. 24 and will continue until early in the New Year, so don't be surprised to see a significant uptick in The Sandbox's trading volume next month. Another popular metaverse, Decentraland, also witnessed a decline in November, with trading volume down 54% and sales down more than 23%. The decline in metaverse land sales is almost certainly a consequence of the goings on at FTX, which helped to accelerate a decline in land trading volume that began in July. It'll be interesting to see if the new LAND sale at The Sandbox can help to arrest the slide or not. Despite the decline in metaverse sales, the health of the blockchain gaming space looks positive overall, especially if the amount of cash being thrown at it from investors is anything to go by. The report notes that blockchain games and metaverse projects raised a combined $534 million in new funding throughout November. The highlight of the month was Web3 games publisher Fenix Games, which raised a hefty $150 million in the month to acquire, invest and distribute its portfolio of blockchain games. About DappRadar Founded in 2018, DappRadar is the The World's Dapp Store: a global decentralized applications (dapps) store, which makes it easy for its base of more than 1 million users per month to track, analyze, and discover dapp activity via its online platform. The platform currently hosts more than 12,000 dapps across 49 protocols and offers a plethora of consumer-friendly tools, including comprehensive NFT valuation, portfolio management, and daily industry-leading, actionable insight. Socials: Twitter - Discord - Reddit - Telegram - FacebookContactDan [email protected]
4h agocryptodaily
The Hideaways (HDWY) Enjoys Rapid Growth As Ethereum (ETH) And Ripple (XRP) Prices Stagnates
The Hideaways (HDWY) is one of the few cryptocurrencies that looks promising to grow tremendously in 2023, especially in light of the current economic scenario when others like Ethereum (ETH) and Ripple (XRP) are struggling to stay afloat. Each and every one of us who is thinking about investing wants to find a way to get rich quickly and easily. Keep reading to find out more about The Hideaways (HDWY), a token that could turn out to be a surefire moneymaker. Ethereum (ETH) Shows Little Sign of Recovery Although Ethereum's (ETH) price has dropped below the $1,500 mark again in recent days, the crypto community as a whole still appears to be optimistic about the cryptocurrency's long-term prospects. The cryptocurrency community as a whole is becoming increasingly bullish as the year progresses, with the average price of Ethereum predicted to be $1,600 by the conclusion of the year. If this prediction turns out to be accurate, the price would increase by $384, or 31%, from the time of publishing. On the other hand, the news that the FTX "hacker" transferred an astonishing 15,000 ETH valued at $16 million into BTC, which is based on the on-chain data from Etherscan, could have an influence that will cause the price of Ethereum to decrease even lower. Challenges Persist For Ripple (XRP) Since the fall on June 18th, XRP's price has been rather stable around $0.288. Although it broke through the $0.381 barrier on September 20 with a vengeance, it was unable to maintain its momentum. Worsening market conditions and dwindling buying power conspired to send Ripple tumbling down below the $0.381 support level. According to indicators over longer time frames, the bottom is at the $0.288 level. As long as the Ripple (XRP) price stays over $0.381, there is no reason to worry about how low the coin can fall. As a first objective, bulls have set their sights on the $0.441 mark, which is around 10% above the current price. This is a challenging obstacle, the same as the $0.381 one. A successful reversal of this resistance, though, would allow XRP's price to once again approach the $0.509 mark. The Hideaways (HDWY) To Lead The Market In 2023 The Hideaways are going to be the first company to combine the $240 trillion real estate market with bitcoin on a single alternative investing platform. There has been so much buzz about The Hideaways recently that even Ethereum (ETH) and Ripple (XRP) investors are considering buying in. And its novel business model is a big reason why. The Hideaways (HDWY) users will have the option to invest in a NFT backed by real-world, high-end real estate. The developers of The Hideaways (HDWY) ensure that there will be no "rug-pull" panic. First off, Solid Proof's audit of it was successful and gave it high scores. After that two-year period, a vesting period will begin for team tokens that were frozen during that time by the HDWY developers. The Hideaways (HDWY) tokens are currently being sold in a presale at a price of $0.08. Investors who buy them now may see returns of up to 60x. Website: https://www.thehideaways.io/ Presale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto 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.
6h agocryptopotato
Bitcoin Sentiment in US Recovering After the FTX Meltdown (Analysis)
Is BTC coming out of the woods as the Coinbase premium has turned green for the first time in weeks?
21h agocointelegraph
Total crypto market-cap hits $850M as Bitcoin and altcoins recover from FTX’s collapse
The total crypto market recovers some lost ground as the contagion risks associated with FTX’s collapse begin to look resolvable.
1 day agocryptodaily
Why is it just about crypto? - Credit Suisse first bank to fall?
Crypto is a tiny asset class of around $850 billion. Failures here will not impact the financial system. Collapsing banks will. Mainstream media would have you believe that the only malaise in world finance is crypto. World financial leaders such as Janet Yellen, Secretary of the US Treasury, and Christine Lagarde, President of the European Central Bank, have spoken of crypto failures possibly affecting the financial system at some future point. However, neither of them, or indeed no other leaders of banks or other financial institutions make anywhere near as much reference to failing banks. Depositor insurance might not be enough Of course, it might be mentioned that even if a bank did go down, there is always insurance for the depositors, such as the FDIC in the US, or the FCA in the UK. Be that as it may, if just one bank went down, the contagion would very probably spread to others, just like in the case of centralised crypto exchanges. In such a situation the deposit insurance would very likely not be able to cover the depositor’s losses to the extent at which they are currently guaranteed. Bail-ins Then there is also the possibility (allowed for by law) that the banks could choose to bail in those who hold deposit accounts, thereby obliging their customers to shoulder and partake in the banks losses. This situation already occurred in Cyprus back in 2013. In a Forbes report on the event, the process of bailing in was explained, and the outcome was declared as: “Financial institutions (e.g. German banks, and central banks including the Bundesbank) get full repayment, along with government entities, while everyone else gets to eat sand.” Investors doubt Credit Suisse can repay debts Credit Suisse could be that first bank domino to fall. The bank warned on November 23 that it would post a heavy loss for the fourth quarter. This was following on from Federal Reserve banks extending $6.3 billion to the Swiss bank through a dollar liquidity swap line in October. A further $3.1 billion was already swapped previous to this. In spite of this, investors are still not convinced of Credit Suisse’s long-term solvency, and its short-term liquidity crisis is certainly not helping. Repeated scandals It remains to be seen just how bad the fraud and mismanagement of funds will turn out to be in the case of the crypto exchange FTX. However, with Credit Suisse, the repeated scandals that have dogged the bank for many years do mostly appear to be in the public domain. A report by the UK-based Guardian details many of these scandals that take in a wide gamut of the most serious crimes. “A massive leak from one of the world’s biggest private banks, Credit Suisse, has exposed the hidden wealth of clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes.” Financial reports do not highlight banking failures So when the world’s leading financial organisations publish reports that focus on the maladies of the crypto sector it has to be wondered why they don’t also wish to highlight what is going on in the banking sector? It might be argued that it just isn’t in their interest to do so. Financial organisations such as the IMF, the World Bank, FATF, and the BIS among others, are all deeply embedded in the traditional financial system and therefore why would they wish to shine a spotlight on any of its failures? The awful truth When crypto companies go down they cause losses for those who have invested in them. If banks are in danger of going down, the central banks just print money to bail them out, all to be taken care of by the taxpayers. There is a very opaque curtain across the entire banking system. Since gold was completely removed from the backing of the fiat currency system in 1971, the dollar has lost most of its purchasing power. In fact, in 2020 alone, 20% of the entire supply of dollars in all history were printed, amounting to $3.4 trillion. With central bank digital currencies (CBDCs) about to be rolled out across the planet, with their utility enabling the central banks to completely strip away individual privacy and freedoms, crypto is the most welcome scapegoat to take the public eye off what is happening. 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
Crypto Stories: John McAfee tells the story of how he first found out about Bitcoin
British-American businessman John McAfee talks about his crypto story and how he discovered BTC.
1 day agocoindesk
EU Crypto, NFT Providers Must Report Tax Details Under Leaked EU Plan
A draft bill seen by CoinDesk also covers stablecoins, crypto derivatives and companies outside the bloc.
1 day agonulltx
Litecoin Price Analysis & Prediction (Nov 30th) – LTC Consolidates After Insane Gains, Holding $74 Level to Refuel Bullish Momentum
After an interesting two-week recovery above the $74 level, Litecoin fell and remained in consolidation for days. The bulls are now trying to defend this level to fuel another rally. How well they can hold it is yet uncertain. Litecoin appeared to be taking a break after it insanely returned roughly 80% in the past […] The post Litecoin Price Analysis & Prediction (Nov 30th) – LTC Consolidates After Insane Gains, Holding $74 Level to Refuel Bullish Momentum appeared first on NullTX.
1 day agonulltx
Dogelon Mars Price Analysis & Prediction (Nov 29th) – ELON Poised for Gains but No Volatility Yet
Following this week’s dip, Dogelon Mars found support and recovered slightly as the price slowly build-up. The bulls are showing interest in meme coins, but it appeared not strong enough to change the trend. The price went up by 5% today. ELON continued to trade sideways after the price fell to a yearly low of […] The post Dogelon Mars Price Analysis & Prediction (Nov 29th) – ELON Poised for Gains but No Volatility Yet appeared first on NullTX.
1 day agonulltx
Polygon Price Analysis & Prediction (Nov 29th) – MATIC Remains Bullish, Likely to Drop to a Six-Month Low if This Demand Zone Flips
After MATIC skyrocketed to $1.3 this month, it rolled back near a demand zone and bounced back to $0.1.16. The price fell to a low of $0.765 this week and recovered again to $0.89. It’s down by 1.1% over the past 24 hours. The recent positive sentiment around MATIC is still much valid. However, it […] The post Polygon Price Analysis & Prediction (Nov 29th) – MATIC Remains Bullish, Likely to Drop to a Six-Month Low if This Demand Zone Flips appeared first on NullTX.
2 days agocoindesk
Firm Behind FTSE 100 Unveils Crypto Index Series
FTSE Russell, the company behind the benchmark index of the U.K. stock market, has rolled out a set of eight indices covering the digital asset market.
2 days agocryptosrus
Web3 Game Discovery and Wallet App Glip Hits 7M Downloads, Raises $2.5M
Glip, an India-based startup with a global web3 game discovery and wallet app, has secured $2.5m in a funding round led by Hashed Emergent with participation from Beenext and existing investor Prime Venture Partners with the goal of bringing millions of gamers to web3. Glip has secured $6 million in funding through various rounds so […] The post Web3 Game Discovery and Wallet App Glip Hits 7M Downloads, Raises $2.5M appeared first on CryptosRus.
2 days agocryptodaily
Kraken To Pay Settlement For Violating Sanctions
The crypto exchange has agreed to pay a penalty amount of $362,000 to U.S. regulators in the alleged sanctions violations case. Kraken Settles With U.S. Regulator Kraken has entered into a settlement agreement, which includes paying a hefty fine to United States regulators. The crypto exchange was accused of allegedly serving customers from sanctioned countries. In July 2022, allegations were brought against the exchange by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), where the latter accused Kraken of serving Iranian customers. The company had been embroiled in a civil liability case till now. However, the OFAC and Kraken have come to an agreement of settling the case of the alleged violations, where the latter will be paying a penalty amount of $362,000 with a specific $100,000 add-on. The additional $100K will be spent on sanctions compliance controls, invested explicitly in training and technical measures to facilitate sanctions screening. Investigation Revealed Sanctions Violation According to the OFAC’s investigations, which began back in 2019, the exchange had allowed Iranian users to conduct transactions on its platform. These transactions amount to over $1.68 million between October 2015 and June 2019. The OFAC considered this a sanctions violation as U.S. goods, technology, and services are restricted from export to Iran under a broad set of sanctions. According to OFAC, the Kraken exchange platform did not have the appropriate tools necessary to geolocate users’ IP addresses and then subsequently block the ones from sanctioned countries like Iran. The regulatory body’s investigation revealed that over 1500 users based in Iran had Kraken accounts till June 2022. Furthermore, the investigation also unveiled 149 users in Syria and 83 users in Cuba, both countries also on the U.S. sanctions list. Regulators Vs. Exchanges - Other Crypto Firms In Trouble The U.S. Treasury is aggressively cracking down on the cryptocurrency industry by tightening regulations and ensuring that the regulations are properly implemented. Yet, despite these crackdowns, Kraken’s new CEO refused to register the company with the SEC as a market intermediary. Regulators have also recently come down hard on the crypto exchange Bittrex Inc. for violating sanctions and anti-money laundering laws. The U.S. Department of Justice has also discovered other crypto exchanges violating international sanctions. The most prominent example is Binance, which allegedly processed transactions worth over $8 billion that were of Iranian origin since 2018. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days agocryptodaily
The Solution To Crypto Private Key Management Has Arrived
Anyone who knows anything about crypto safety and security will have heard of the mantra “not your keys, not your coins”. For those who really care about securing their crypto, it’s imperative to maintain control of your private key - a randomly generated string of letters and numbers that provides access to your crypto wallet. Those who don’t control the keys do not control their funds, as customers of the popular crypto exchange FTX recently found out. Anyone who leaves their crypto in an exchange account is essentially trusting that platform to hold onto their funds for them - and that clearly isn’t a good idea. But as foolish as it is, people continue to trust cryptocurrency exchanges. That’s because so-called non-custodial wallets have indirectly caused the loss of an estimated $100 billion worth of Bitcoin alone, due to people losing their private key and being unable to access their funds. It’s no joke, as Briton James Howells discovered back in 2013 when he accidentally threw away a hard drive containing Bitcoin that is now estimated to be worth $200 million. The private keys were saved on the same hard drive that is now buried in a landfill site, meaning that he has no way to recover his lost fortune. It’s a dilemma that’s bad for crypto. With no easy system in place for people to retain control of their funds, the industry will probably never be able to achieve its goal of onboarding billions of people around the world into an alternative financial system. However, it doesn’t have to be this way. There’s a misnomer in crypto that users have a straightforward choice between using a centralized exchange, which means entrusting their funds with a third-party, or a non-custodial wallet, where they retain the private key. Leaving your funds in a crypto exchange means giving up your control and freedom in return for the peace of mind that, if you somehow lose your password, you’ll still be able to recover it through email and access your funds. It’s a trade off though, because exchanges have shown time and time again that they can’t be trusted to manage their customer’s funds. The only alternative is to manage your private keys yourself, and run the risk of one day misplacing them and losing access to your funds forever. Introducing the MPC Wallet: A Safer Option What few people realize is that there’s actually a third option, which offers a much better way. It’s a relatively unknown solution called the Multi-Party Computation wallet and can be thought of as a kind of hybrid between the two above options. MPC wallets are a viable solution that have already been adopted by institutional investors for some time already. Services such as Fireblocks, for instance, have been helping big-bucks investors retain safe custody of millions of dollars worth of crypto assets for years, and it’s about time that this technology has the same impact in the consumer space. What is an MPC Wallet? MPC wallets use some cryptographic wizardry to create a secure key management system that allows multiple parties to generate a new key, sign and verify transactions, securely and without any single point of failure. The way they work is quite technical, but essentially what happens is that the private key is split into multiple pieces that are linked using cryptographic techniques. As such, the task of verifying a transaction is split into smaller parts that are completed by multiple, different parties. Once all of these individual parts have been completed, they can be combined to verify the final result. It’s an approach that provides greater security and anonymity to users. The advantages of MPC wallets is that the user never has to deal with the private key. It means they can always access their wallet and the funds within it, and there’s no single point of failure that would enable hackers to access it. What MPC Wallets Are There? MPC wallets were traditionally only been available to institutions through a provider called Fireblocks. Its MPC wallet service essentially breaks up the private keys into multiple shards that are distributed between various parties, who must each verify a transaction before it can be confirmed. The requirement for multiple parties to be involved meant that it was difficult to provide this kind of service to consumers, but that has changed with the availability of MPC wallets from Coinbase and ZenGo. Coinbase introduced its MPC wallet earlier this year, allowing users to access a range of third-party dApps directly within the Coinbase applications. ZenGo, meanwhile, has actually been around for several years. In both cases, the way it works is that the user retains a part of their private key, with Coinbase or ZenGo storing the other part and helping the user to verify transactions. In this way, the wallet provider is unable to access the user’s funds. The main benefit for users is that they don’t have to worry about losing their private key as they never actually see it. Coinbase promises users that, even if they lose access to their device, the key to their wallet will remain safe and can be accessed with the company’s assistance through its live support channels. In the case of ZenGo, it relies on an encrypted biometric scan, email authorization and recovery software that’s installed on the user’s smartphone or laptop. By combining these technologies, ZenGo provides a simple way for users to access their wallet, without them ever having to worry about the private key. Recoverability Encourages Adoption The harsh reality is that it’s impossible to recover a traditional non-custodial wallet if you lose the private key. On the other hand, MPC wallets provide a familiar recovery experience, similar to the process of restoring access to a social media account. This kind of recoverability capability is likely to be crucial going forward. With episodes like FTX, users have become acutely aware of the dangers of keeping their funds on an exchange. Yet the alternative of trying to securely store a private key somewhere and never losing it is not appealing. It’s fair to say that many people simply do not trust themselves to look after something that’s so important. If the crypto industry is to onboard billions of users around the world, a safe and secure recovery method is absolutely a must-have. By providing a way for new users to hold assets without worrying about losing their private key, MPC is opening the door to crypto for millions of new 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
2 days agonulltx
Bitcoin Price Analysis & Prediction (Nov 29th) – BTC Remains Calm, Trading Flat for Next Shockwave
While Litecoin, Binance coin, Dogecoin, and other top coins have jumped to a new weekly high, Bitcoin has remained calm as the price continues to trade flat. The continuous drop in its dominance has transitional enhanced volatility flow into altcoins. This week, Bitcoin quickly recovered from the low of $15476 following a 7% price cut. […] The post Bitcoin Price Analysis & Prediction (Nov 29th) – BTC Remains Calm, Trading Flat for Next Shockwave appeared first on NullTX.
2 days agocointelegraph
LBRY alleges Apple forced it to censor certain terms during COVID-19
After Elon Musk lamented the winding back of Apple's Twitter advertising, crypto company LBRY replied about its own troubles with Apple and censorship.
2 days agonulltx
Ethereum Price Analysis & Prediction (Nov 28th) – ETH Rejects $1200 After a Retest, Potential Sell Underway
Following market sentiment, Ethereum continued to trade convincingly below the crucial $1200 level since the price declined heavily over the past several weeks. It has tried to recover above this level, but the pressure was not enough to increase the price. Over the past few days, Ethereum saw an increase of about 7% after establishing […] The post Ethereum Price Analysis & Prediction (Nov 28th) – ETH Rejects $1200 After a Retest, Potential Sell Underway appeared first on NullTX.
2 days agocryptopotato
Kraken Settles With The SEC And Pays $362k For Violating U.S Sanctions on Iran
Kraken agreed to pay a fine after the SEC discovered that it had poor oversight of its customers' geolocation, allowing Iranians to avoid US sanctions.
2 days agocointelegraph
GK8 increases insurance cap on digital assets to $1B
Institutional customers storing Bitcoin and other digital assets in GK8’s cold vault will receive up to $1 billion in insurance coverage.
3 days agocryptopotato
Andre Cronje on What’s it Like to be a Crypto Company
Fantom was forced to become extremely frugal during the 2018 bear market, but later recovered using decentralized finance.
3 days agocryptodaily
Crypto Lender BlockFi Files for Chapter 11 Bankruptcy
Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection in the United States on Monday, just days after suspending withdrawals amid the fallout from FTX. The FTX contagion has claimed another victim. Crypto lender and financial services firm BlockFi filed for Chapter 11 bankruptcy on Monday, making it the latest firm in the crypto industry to have suffered under the implosion of Sam Bankman-Fried’s crypto empire. In an official announcement, the New Jersey-based company said it “will focus on recovering all obligations owed to BlockFi,” but that “recoveries from FTX will be delayed” due to the ongoing bankruptcy proceeding at the exchange. Mark Renzi of Berkeley Research Group, the company’s financial advisor, said: With the collapse of FTX, the BlockFi management team and board of directors immediately took action to protect clients and the Company. Adding, “From inception, BlockFi has worked to positively shape the cryptocurrency industry and advance the sector. BlockFi looks forward to a transparent process that achieves the best outcome for all clients and other stakeholders.” BlockFi became financially entangled with FTX in June when the exchange agreed to provide the company with a $400 million credit line, which BlockFi’s CEO, Zac Prince, said would provide “access to capital that further bolsters our balance sheet. The credit line also meant that FTX go the option the buy BlockFi. The company made the decision to extend the line of credit roughly a week after it had cut staff by around 20% citing “the dramatic shift in macroeconomic conditions worldwide.” FTX also bailed out the Liquid Group in August 2021 with a $120 million loan after it was hacked to the tune of $90 million. FTX in May 2022 proceeded to acquire Liquid which also suspended withdrawals on November 15 and has yet to reopen them. The agreement however meant that the two firms became financially involved and the fall of FTX cast uncertainty over the future of all those involved with it. Revelations have been coming to pass after the exchange declared bankruptcy and CEO Sam Bankman-Fried resigned from his position. Allegations of corporate missteps and suspicious management of customers' funds have been purported. After only a couple of days of FTX’s collapse, BlockFi suspended withdrawals, saying that it had “significant exposure” to FTX, including undrawn amounts from the credit line and assets held on the FTX platform. 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.
3 days agocryptodaily
Turkey Seizes "Suspicious" FTX Assets, Crypto Daily TV 28/11/2022
In Todays Headline TV CryptoDaily News: Major Canadian crypto exchange Coinsquare says client data breached. Coinsquare, one of Canada’s largest cryptocurrency exchanges, may have been breached, but the company claims customer assets are “secure in cold storage and are not at risk.” Binance allocates another $1B for its crypto recovery fund. Crypto exchange Binance has allocated another $1 billion for its industry recovery fund, effectively increasing the size of the fund to over $2 billion. The additional allocation was announced by Binance CEO Changpeng "CZ" Zhao. Turkish authorities order seizure of 'suspicious' FTX assets. Authorities in Turkey are looking to seize "suspicious assets" associated with collapsed crypto exchange FTX and are investigating the platform's founder Sam Bankman-Fried. BTC/USD rose 0.8% in the last session. The last session saw Bitcoin rise 0.8% against the Dollar. The CCI is giving a positive signal. Support is at 16208.3333 and resistance is at 16822.3333. The CCI is giving a positive signal. ETH/USD rose 0.9% in the last session. The Ethereum-Dollar pair gained 0.9% in the last session after rising as much as 1.4% during the session. The CCI is giving a positive signal.ETH/USD rose 0.9% in the last session. The CCI is giving a positive signal. The CCI is giving a positive signal. XRP/USD exploded 1.7% in the last session. The Ripple-Dollar pair skyrocketed 1.7% in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 0.3795 and resistance is at 0.4226. The Ultimate Oscillator gives a positive signal. LTC fell 0.3% against USD in the last session. The last session saw Litecoin drop 0.3% against the Dollar. The ROC is giving a positive signal. Support is at 71.0333 and resistance is at 82.2133. The ROC is currently in positive territory. Daily Economic Calendar: IE Retail Sales Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. The Irish Retail Sales will be released at 11:00 GMT, Finland's Consumer Confidence at 06:00 GMT, and the UK's CFTC GBP NC Net Positions at 20:30 GMT. FI Consumer Confidence Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. UK CFTC GBP NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. AU Retail Sales Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. Australia's Retail Sales will be released at 00:30 GMT, the US Dallas Fed Manufacturing Business Index at 15:30 GMT, and the US 3-Month Bill Auction at 16:30 GMT. US Dallas Fed Manufacturing Business Index The Dallas Fed conducts the Texas Manufacturing Outlook Survey monthly to obtain a timely assessment of the state's factory activity. US 3-Month Bill Auction Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive by holding the bond until maturity. 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.
3 days agocryptosrus
Cardano’s [ADA] development update is sure to leave you spellbound
Several promising developments happened in the Cardano ecosystem last week  However, metrics were not supporting ADA’s price recovery Input Output Global recently posted weekly statistics of the Cardano [ADA] ecosystem, which revealed quite a few interesting updates. The tweet mentioned that the total number of transactions on the blockchain reached 55.3 million, which was […] The post Cardano’s [ADA] development update is sure to leave you spellbound appeared first on CryptosRus.
3 days agocoindesk
Centralized Crypto Exchanges Will Remain Dominant Despite FTX Collapse: JPMorgan
DeFi protocols rely heavily on centralized exchanges to be able to function and it would likely take a long time until price discovery shifts from centralized to decentralized exchanges, JPMorgan said.

About Covesting

The live price of Covesting (COV) today is 0.168103 USD, and with the current circulating supply of Covesting at 16,787,851.21 COV, its market capitalization stands at 2,822,085 USD. In the last 24 hours COV price has moved 0.002889 USD or 0.02% while 109,908 USD worth of COV has been traded on various exchanges. The current valuation of COV puts it at #929 in cryptocurrency rankings based on market capitalization.

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

Covesting Price0.168103 USD
Market Rank#929
Market Cap2,822,085 USD
24h Volume96,188 USD
Circulating Supply16,787,851.21 COV
Max SupplyNo Data
Yesterday's Market Cap2,755,043.50 USD
Yesterday's Open / Close0.16122 USD / 0.164109 USD
Yesterday's High / Low0.165201 USD / 0.160853 USD
Yesterday's Change
0.02% ( 0.002889 USD )
Yesterday's Volume109,908.35 USD
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Sorry, no liquidity for this pair
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