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Cronos(CRO)

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$0.135833
(10.62%)
0.00000571 BTC
Market Cap (Rank#24)
$3,431,551,850
144,126 BTC
Vol 24h
$16,401,952
688.886 BTC
Circulating Supply
25,263,013,692
Max Supply
30,263,013,692
1h agocryptodaily
What Is Revolutux (RVLT)?
There would hardly be a day where the blockchain industry won’t have a form of advancement. There’s also a new thing or project to learn about and each one seeks to solve a problem that people have complained about. For those whose major interest has been a massive increase in the accessibility of cryptocurrencies, Revolutux (RVLT) says it’s your lucky day. Introducing A New Binance Smart Chain Project Revolutux (RVLT) is a new deflationary token with plans to create a low-risk, strategic, frictionless, and decentralized environment where everyone can trade in digital assets across the world with cheap fees. They will offer transparency which we can all agree is a major ingredient for the long-term success of decentralization and the blockchain industry. Their plan is for everyone to be more connected and empowered financially while they provide everyone with the ability to stake and trade and also expose them to NFTs and incentives all on one platform. Revolutux (RVLT) has three major functions that happen in every trade; Reflection Liquidity Pool (LP) Acquisition and; Burn The protocol ensures that the assets of token holders are automatically collected and deposited securely in the liquidity pool through its Automatic Liquidity Pool (ALP) mechanism. Token holders can also use the reflection mechanism to hold their tokens depending on percentages completed and total tokens owned. What Are Revolutux (RVLT) Ecosystem Offerings? The Revolutux (RVLT) ecosystem is poised to offer four major attributes which will be broken down in this section. They include; Revolutux Swap: This will allow users to swap their money for other currencies of their choice. The swap services will be connected to the biggest DEXs (decentralized exchanges) in the world and so users can search for and choose the ones that offer the lowest fees. Revolutux Staking: Customers will benefit from rewards as a result of staking their tokens and the system is developed in a way that will help people who do not have a technical grasp of cryptocurrency to stake. This feature will be great for token holders that are interested in holding their assets for a long period and earning passively. Revolutux NFTs: These NFTs will be one-of-a-kind assets that will be generated on the blockchain and will be tradeable. The platform intends to revolutionize the market by disseminating its NFTs. Revolutux DAO: To ensure that the power belongs to the people, they would establish a decentralized autonomous organization (DAO) that will make sure that users and developers contribute to the project’s development and growth. The RVLT token will be disbursed among active network members and will be used as a governance token which will allow them to vote on different proposals and modifications. Why Should You Consider Revolutux (RVLT)? It’s a valid question, and here are some aspects the project has given as reasons to sign up. Utility The Revolutux (RVLT) ecosystem is about to make available certain services like the liquidity pool (LP) acquisition that will make the DeFi industry undergo an innovation. They will create a token that will be useful to users and help them earn money passively. Longevity The platform is dedicated to supporting the long-term evolution of the ecosystem which they believe will lead to decentralized apps (DApps) that can be used in the real world as well as additional incentives. Ease Of Use Revolutux (RVLT) is easy to use and this should contribute to its success. Interested parties can buy into it with nothing more than a phone and an internet service. All in all, it is important to remember that in cryptocurrency just like with any other forms of virtual assets like stocks, doing your research is vital. With the market being so volatile, it is smart to worry and be extra careful. However, I feel like this project has great prospects and I’m excited to see how it fares when it launches officially. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1h agocryptodaily
As DeFi Hacks Soar, This Startup Wants To Radically Overhaul Smart Contracts To Prevent Them
Over the past couple of years, hundreds of new decentralized finance applications and protocols have flooded onto the Ethereum network and other blockchains. In November 2021, the total value locked in all DeFi apps reached a staggering $290 billion. DeFi, in theory, is designed to democratize access to finance by enabling people from all over the world, from any background, no matter who they are, to participate. There are no financial or geographical restrictions or centralized intermediaries - everything is decentralized, trustless, and peer-to-peer. It’s a vision that has proven popular, with DeFi growing faster than anyone could have imagined. However, its rise has been clouded by numerous critical security threats that make it seem like a very risky venture to anyone who’s not extremely knowledgeable about how crypto works. While 2021 was a big year for DeFi, it was arguably even bigger for hackers, with a recent report from Chainalaysis finding that they stole a combined $3.2 billion worth of cryptocurrency that year. This year is likely to be just as profitable for hackers. According to CertiK’s latest report, DeFi and Web3 together lost more than $2 billion to hackers in the first six months of the year. Chainalysis said hackers in the crypto sphere have migrated away from wallets and other targets, and are almost exclusively targeting DeFi protocols today. In the first three months of 2022, almost 97% of all funds stolen by hackers came from DeFi, up from 72% in 2021 and just 30% in 2020. A quick look at some of the biggest hacks of this year explains why DeFi has become such a popular target for attackers. The amounts they can steal are tremendous. The most expensive hack so far this year was the Ronin Validator Security Breach. On March 23, the person or persons responsible for the attack were able to compromise Sky NMavis’s Ronin and Axie DAO validator nodes, hack the private keys and make illicit withdrawals. They stole an incredible 173,600 ETH and 25.5 million USDC, amounting to $615.5 million in total, via just two transactions. Unfortunately, the Ronin hack was not just an isolated event. In February hackers exploited a security vulnerability in Wormhole’s signature verification, enabling them to make off with 120,000 wETH on Solana, an amount that was worth $326 million at the time of the attack. Similarly, in April, the Beanstalk protocol fell victim to a one-day delay inside a $BEAN governance proposal contract to complete a flash loan. The attacker was able to steal 70% of the total seeds, getting away with $181 million in total. Spotting Smart Contract Vulnerabilities The vast majority of DeFi hacks occur due to vulnerabilities in the smart contracts that power the protocols. Smart contracts are self-executing bits of code that automatically process transactions when certain conditions are met. They’re one of the core elements of DeFi as they make the requirement for a trusted intermediary redundant. The good news is that the community is aware that smart contracts are a glaring weakness in DeFi security and is taking steps to address them. The most reliable DeFi protocols today are sure to carry out a comprehensive smart contract audit to identify if any vulnerabilities exist. Audits are carried out by reliable firms such as CertiK and Hacken, and assess the recorded transactions within a blockchain ledger to try and spot any bugs. Other ways of identifying vulnerabilities include penetration tests by teams of security experts, who attempt to hack DeFi protocols so they can inform the developers how they did it, allowing them to close whatever loopholes are discovered. In addition, protocols can also offer “bug bounties”, where they essentially crowdsource security. Dozens of “white hat” hackers compete for a monetary prize to identify vulnerabilities within a protocol. Bug bounties can be especially beneficial because they incentivize participants to act like real cybercriminals, meaning they will likely attempt to hack the protocol using similar methods as the real bad guys do. The idea being that the good guys will discover any obvious exploits before they’re exposed in the real world. Smart contract code audits and bug bounties can help to protect DeFi protocols against common hacks around unhandled exceptions and transaction order dependency. However, audits are unfortunately not infallible - the Chainalaysis study found that 30% of exploits this year occurred on platforms that had been audited within the past 12 months. So while code audits and bug bounties can be helpful, they do not provide any guarantees. As such, DeFi protocols that are managing billions of dollars in user’s funds ought to adopt a more robust approach to security. Reinventing Smart Contracts One of the most exciting solutions to emerge is the Scrypto programming language developed by Radix, which is a layer-1 blockchain protocol that has been built specifically for DeFi. The Scrypto language is based on the popular Rust programming language and retains most of its features. However, it notably adds a number of specific functions based on the Radix Engine. It can be thought of as a collection of libraries and extensions to Rust that provides asset-oriented features, enabling Rust-style logic to interact with assets as a native, first-class citizen. The most important distinction of Scrypto is that it effectively does away with smart contracts. Instead of smart contracts, it uses blueprints and components to process transactions. Blueprints are compiled source code that lives on the blockchain, where they can be used by anyone. Their role is to provide “constructor functions” for DeFi transactions, with flexible parameters that others can instantiate. They’re generally quite specialized in terms of functionality, though they can support multiple different use cases depending on exactly how they’re instantiated. Blueprints can sometimes work with other blueprints, deployed together as a “package”. To activate a blueprint, it must be instantiated by calling one of its constructor functions in order to obtain the address of a newly created instance, known as a “component”. Components are used to manage state and can gather, hold and distribute resources according to the logic associated within the blueprint that created it. In other words, components in Scrypto resemble smart contracts, however, they derive from the logic defined within the blueprint that gave birth to it. Scrypto’s unique architecture allows it to carry out transactions in a very different way to regular smart contracts written in Solidity or another language. Instead of sending a number or reference to some tokens, Radix Engine transfers ownership of tokens from the caller to a component. Once that component receives a bucket of resources or multiple buckets, it can take those resources and deposit them into a vault it holds, or else a different bucket. Then, the Radix Engine ensures that the caller can no longer access the bucket or vault. The end result is that dApps built on Radix have a much simpler and safer way of transacting. To better understand how it works, Radix offers us the example of a gumball machine that accepts USD tokens in exchange for a token held within its vault. In this example, the user passes a bucket of 0.25 USD to the insertCoins method of the MyMachine component. The blueprint’s logic sees that the correct price has been paid, adds those tokens to a vault, then takes 1 gumball from its gumball vault and passes it back to the caller. It can even send back some change if the caller passed too much USD. With Ethereum’s Solidity-based smart contracts it’s much more complex and risky. In the same machine, the user would call a smart contract to give the machine permission to withdraw from their wallet on their behalf. They would tell the machine they wish to input 0.25 USD. The machine would then call the USD contract to make the withdrawal, then call a gumball smart contract to send the gumball to the user. Finally, it would probably also update an internal cache of the number of remaining gumballs to check for eros. Each one of these processes uses a smart contract, and each one is therefore at risk of being hacked due to a smart contract vulnerability. That’s just a simple example. With DeFi, transactions can be many times more complex, meaning they’re exposed to multiple times the risk. All it takes is one vulnerability somewhere, in any one of numerous smart contracts involved in a transaction, for an attacker to pull off an attack. Conclusion As DeFi grows and its total value locked increases, the risk of exploitation will only increase. If there’s one takeaway we can gather from the stunning amount of crypto that’s been stolen by DeFi hacks, it’s that the need for smart contract security has never been greater. While code audits and bug bounties can help to spot the most obvious vulnerabilities in DeFi, it’s clear that the industry could benefit immeasurably from a radical overhaul based on an infrastructure that’s designed to minimize the number of potential exploits from the get-go. 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
2h agocoindesk
Cloning Tornado Cash Would Be Easy, But Risky
The sanctioned Ethereum mixer’s code is open source. Anyone can copy and run it. The hard part: winning user trust–and staying out of the U.S. government’s crosshairs.
2h agocryptodaily
Introducing SolMad - the hottest new project to launch on Solana
Set to develop on the Solana Chain, SolMad is an NFT collection in the Solana-verse where nomads travel in search of community, land and resources to keep themselves alive against the threat of extinction, global warming and natural disasters. SolMad will take its users on a journey of community-driven collaboration, collective building and togetherness. The Story of the SolMad It all begins in the depths of Gisana…made up of a community of tribes who are smart and handy, the SolMad face harsh weather conditions within the various ecosystems they travel through and live in. Amidst these are valuable resources and artefacts which they are able to mine and trade in various cities and towns on their travels. These communities, who move together in unity, work together to keep each other alive - which isn’t always possible. They risk their lives in harsh conditions to harvest powerful and valuable resources. Nevertheless, the SolMad tribes are a tight-knit community that always support each other. With their curious nature, the SolMad are capable of finding secret and forbidden locations thanks to their advanced navigation skills and tools. They often travel by foot or animals such as camels, horses or alpacas. They tend to travel by regular mode of transportation such as wagons, vardos or mobile homes too. SolMad are not stopped by anything; they even travel by water, often on canoes or living on barges. The SolMad often harvest or acquire valuable artefacts or resources, such as crystals or metal ores, silks, dyes and even figurines or statuettes! Depending on where they are travelling to, SolMad may even come across fruit, fish and spices too. These valuable assets are things that can be auctioned off for prizes in the universe through partnerships offline. Casinos began as a fun way to reconnect within SolMad communities, but soon talks of their fun and addictive games spread among the lands and led other travellers and tourists to leave the comfort of their cities and venture out to visit these casinos. Due to the kind and charitable nature of SolMad, the games are played fairly and for fun, though big, greedy cities oppose this largely. How it Works The SolMad is a deflationary collection of 10,000 NFTs. Like all great nomadic tribes, the SolMad is mobile. The narrative is one which is expansive, rich and will continue to grow into a wider world with unlimited capabilities for participants to not only collect and grow but also engage and have fun as a community! The SolMad are made up of four unique tribes: Panuk, Zuberi, Mira, Briar Besides that, the project will also have a maximum supply of 100,000,000 $BEADS, the currency of the SolMad communities as well as the utility currency within Gisana. The token will be quickly adopted for an endless list of use cases as the project continues to evolve. The SolMad goal is to develop a DAO focused on building and investing in the Solana Mobile ecosystem. DAO stakeholders will get early access to product testing, airdrops, and product betas. Roadmap The project’s roadmap may change over time, but the team take pride in being able to deliver a superior product in a timely and efficient manner. Their plans are as follows: Pre-Mint Community building Smart contract and project audit Build a pipeline of collaborative partnerships Mint Mint launch of the 10,000 NFTs Post Mint Secondary marketplace listing Announcement to the community about the project’s initial build priorities Community engagement (lore discovery) Treasury management begins Introducing staking incentives for future token product development The team also plans to launch future collections as well as potential token airdrops for participants. NFT Utility The SolMad team aims to begin building and investing in the Solana mobile sphere. To kickstart this mission, the SolMads collection will include the following utilities over time: Royalty deflation and LP backing A Solana mobile-focused DAO Raffle prizes IRL and auctions Casino - think gaming with USDC-dominated prizes at stake NFT asset purchasing and yield generation Resources purchases to upgrade Final Thoughts The SolMad team aims to begin building and investing in the Solana mobile sphere. The SolMads’ story is one that will be shared in the weeks to come. In the meantime, sit tight, and more secrets of the SolMads will be revealed as the mint day dawns ever closer. For more information, visit their Twitter here or join the conversation today on Discord here. 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.
2h agocryptodaily
GALA, The World-Leading Web3 Company, Spearheads A New ERA Of Entertainment With GALA FILM
Jackson, USA, 9th August, 2022, ChainwireAnnounce Partnership With Stick Figure Productions to Distribute Four Down Executive Produced by Dwayne Johnson and More Gala, one of the leading innovators in blockchain gaming and music, has announced the launch of Gala Film. This new vertical from the world-leading Web3 company continues the brand’s commitment to providing fans with unique opportunities to enrich their experiences coupled with amazing programming and exciting projects. With this announcement Gala Film also shared they will partner with Oscar-nominated and Emmy Award Winning Stick Figure Productions to present FOUR DOWN, a feature-length documentary directed by award-winning filmmaker Steven Cantor based on the New York Times best-seller NOT WITHOUT HOPE, written by Nick Schuyler and Jere Longman, and executive produced by Dwayne Johnson, Dany Garcia, and Hiram Garcia on behalf of Seven Bucks Productions, as well as Nick Schuyler. Upcoming projects/partnerships A partnership with Ai&Aiko, one of the most popular GIF lines in history was awarded GIPHY’S Number 1 Artist of the Year with over 48 billion views and holds 4 Guinness World Records. This will see Peter Draw’s simplistic and charming visual storytelling brought to life through the Gala Film platform A partnership with Filmmaker and Actor, David Bianchi (“True Story’’ Netflix, “Resident Alien” Universal / Peacock) and founder of Exertion3 (a blockchain film production company) to produce Live Action Sci-Fi Series “RAZOR” for the Exclusive Blockchain Release A partnership with Battle Island in the production of their animated series ‘Ghosts of Ruin’ (see more here) ‘Making the Chronic’ - a series of 16 short films where Snoop Dogg narrates each of the tracks on his album released through Gala Music The core benefit of Gala Film is its ability to offer a ‘Watch and Earn’ mechanic through the same blockchain technology that underpins Gala Music’s ‘Listen and Earn’ and Gala Games’ ‘Play and Earn’ ecosystem, offering fans ways to earn rewards through nodes and NFTs. With Gala Film, fans now have the power to actively participate in the content they consume, take control of their entertainment through digital ownership, and support new projects by voting on script choices or casting. Filmmakers and artists can also reclaim their creative license through a deeper connection with their audiences and the ability to distribute their content directly to the people that want to watch it. By adding film alongside its successful music and games platforms, Gala is also able to offer an interoperable ecosystem where fans can benefit from crossover content. Sarah Buxton, COO of Gala, said: “The launch of Gala Film marks the beginning of a new era in Web3 entertainment, led by Gala. Our ecosystem offers exceptional involvement and access to new launches, with fans able to enjoy unique experiences, empower creatives and get rewarded for doing so. We are committed to delivering fan-first entertainment, where technology is used to improve fan experiences without ever becoming a barrier to entry or enjoyment.” About Gala Gala is a world-leading Web3 entertainment company that uses blockchain technology to power digital ownership and rewards, creating a revolutionary new way of building and consuming entertainment. Launched in 2019 with Gala Games, Gala is the parent company of Gala Games, Gala Music, and Gala Film. The vision brings all three brands together in the shared pursuit of offering fans unique and immersive experiences powered by Web3. Gala also gives creative license back to content creators and emerging talent with a direct route to fans and the ability to offer genuine involvement in new projects. For more information visit: https://gala.com ContactsMaggie [email protected]
5h agocryptodaily
TRON DAO Reserve Appoints Wintermute as the Latest Member and Whitelisted Institution
Geneva, Switzerland, 10th August, 2022, ChainwireThe TRON DAO Reserve has announced Wintermute as the ninth Member and Whitelisted Institution to mint Decentralized USD (USDD), the over-collateralized decentralized stablecoin on TRON, Ethereum, and BNB Chain. Wintermute is a leading global algorithmic trading firm and an established player in digital asset markets. With an average daily trading volume of over $5 billion, Wintermute facilitates OTC trading and provides liquidity across both centralized and decentralized exchanges. Its mission is to enable, empower and advance a truly decentralized world for more transparent, fair, and efficient markets and products. Being the first over-collateralized decentralized stablecoin, USDD is significantly different from other stablecoins in the crypto industry. It surpasses several massive milestones with over $2.3 billion in backing and a market cap of $725 million as of July 2022. The TRON DAO Reserve (TDR), which governs the stablecoin, acknowledged USDD's elastic price against the USD amidst market turmoil but is committed to defending the stability of the ecosystem. The TDR is dedicating resources to fostering organic growth and maintaining full transparency. During recent volatile market events, USDD has stayed strong as expected and stabilized organically. The simple facts of over-collateralization of transparent reserves and steady restabilization of the token value came as a natural experiment that shows how much USDD is a force to be reckoned with, especially amid various discussions of industry-wide regulation. The appointment authorizes Wintermute to mint and burn USDD as a collaborator with the Reserve. As a Member and Whitelisted Institution, Wintermute will advise the TDR and make recommendations to enhance, develop, and supply general aid for the USDD network. The TRON DAO Reserve website is live, and historical token issuance records are published here live on the TDR website 24/7. About USDD USDD is an over-collateralized decentralized stablecoin launched collaboratively by the TRON DAO Reserve and top-tier mainstream blockchain institutions. The USDD protocol runs on the TRON network, is connected to Ethereum and BNB Chain through the BTTC cross-chain protocol, and will be accessible across more blockchains in the future. USDD is pegged to the US Dollar through TRX under a Linked Exchange Rate System (LERS) and maintains its price stability under the guidance of the TRON DAO Reserve. It enables access to a stable and decentralized digital dollar system that in turn assures financial liberty for everyone. Website | Twitter | Telegram | Discord | Medium ContactsSam [email protected]
12h agocointelegraph
German crypto bank Nuri with 500K users files for insolvency
Nuri stated that it has been facing a “lasting strain” on its business liquidity in 2022 due to “significant macroeconomic headwinds and the cooling down of public and private capital markets.”
15h agocoindesk
Bitcoin Miner Riot Blockchain Delays Earnings Report to Sort Out How Much Crypto Rout Devalued Its Assets
The miner said that macroeconomic factors have complicated its accounting more than expected.
17h agocoindesk
MicroStrategy Explored Options From Art to Real Estate Before Bitcoin Buys, New CEO Says
MicroStrategy's new CEO said Tuesday that owning bitcoin was the best treasury strategy for the company.
18h agocoindesk
Mercado Libre to Expand Crypto Trading Across Latin America
The company’s Mercado Pago digital wallet began allowing crypto buys and sells in Brazil in December, reaching 1 million users shortly thereafter.
18h agocointelegraph
'IBC is a serious alternative for secure cross-chain communication,' says Sunny Aggarwal of Osmosis
So far, Cosmos’ IBC seems to have stayed clear of troubled waters.
21h agocryptodaily
Invisible College and Nas Academy Leverage NFTs As An Admission Pass To Web3 Courses
Non-fungible tokens can provide tremendous utility to those owning these assets. Nas Academy and Invisible College take this concept further into the mainstream. Its new set of courses can be unlocked with an NFT collection, providing access to over $2,000 in educational material. Accessing Courses With An NFT Collection Enrollment in courses and educational content has become normal, even if technical issues may arise from time to time. Sometimes, users and students might not be able to access the content due to login issues, the system not deeming one eligible for access, etc. Those concerns can be circumvented by tokenizing access to courses through non-fungible tokens. More specifically, Nas Academy, the creator tech platform, will conduct an interesting test on that front. With the help of Invisible College, the team will let Decentraliens NFT collection holders access over $2,000 worth of course material. The educational tools will span various topics, including NFT investing, video editing, and crypto fundamentals. It is another solid example of how NFTs can unlock utility and offer quality of life improvements. Nas Academy CEO Nuseir Yassin explains: “Web3 is more than just a compelling topic for courses. We believe NFTs can reinvent the way students consume online education and allow people to own a piece of the internet. That’s why we wanted to partner with a visionary community in the form of Invisible College. We are excited to build together to help educate and bring the next wave of users into web3.” Such a hands-on experience with web3 technology will put non-fungible tokens at the center of attention. Although the idea of using NFTs as a standard for content ownership and accessibility isn't new, it has yet to be implemented on a large scale. Invisible College members with a Decentralien NFT will explore this new frontier spanning nearly two dozen web3 and creator courses accessible through Nas Academy. Web3 And Education Make A Powerful Combo As the hype and enthusiasm surrounding web3 continue to reach peak levels, it is an excellent time to focus on the educational side of the spectrum. An exciting technology stack is always interesting, but ample use cases must exist. The partnership between Invisible College and Nas Academy confirms those use cases will come to market. Invisible College Co-founder Nick deWilde adds: “Lately, there’s been lots of debate about web3 use cases. The way we see it, combining a catalog of high-quality courses with an NFT collection is a fundamentally new way to empower students to own their education. And there’s no way we could have pulled it off without web3 technology. We also needed a forward-thinking partner who was willing to innovate with us. Fortunately, the Nas Academy team are just the type of crazy dreamers who could help us expand our vision and make it a reality." Both parties will deepen their collaboration by onboarding leading web3 instructors to create additional educational content for the platform. Ultimately, Invisible College wants to position itself as the biggest web3 learning library on the world wide web, across both the web2 and web3 iterations. Using NFTs as an "admission pass" for education is a very exciting frontier and the opportunities are virtually limitless. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
1 day agocryptodaily
X Open Hub Adds 30 New Cryptocurrencies and 2 Emerging Market Indices to its Vast Asset List
Global provider of cutting-edge liquidity and technology solutions for financial institutions, X Open Hub has announced additions to its vast multi-asset offerings. The company has introduced 30 new cryptocurrencies and two emerging market indices, CH50cash and IND50cash, to the 5000+ global instruments it already offers. With 12+ years experience offering world-class technology and transparent liquidity solutions for banks and brokers, X Open Hub is committed to supporting financial firms. The company aims to help them achieve cost-optimized business models through improved operational efficiency and increased profitability. The Crypto Winter Is Ending Say AnalystsDespite the ongoing cryptocurrency winter, millennials and Gen Zs are increasingly looking at digital assets for investment purposes. A rise in awareness and education regarding this class of assets, along with their low correlation with price moves in traditional investment instruments, has been driving this interest. Increasing regulatory oversight across numerous countries is expected to lend stability to the digital asset class. Additionally, the rise of DeFi projects is also likely to drive interest in cryptocurrencies. Moreover, the decline in crypto prices in recent months has many investors wondering whether to buy the dip before the crypto winter ends. Historically, there have been four such crypto winters, including the current one. Each time, the market has reversed within around a year. So, investors might be looking at acquiring digital currencies while the prices are still low and before the market begins to rise once again. X Open Hub Adds 30 New CryptosBrokers are increasingly looking at offering their clients opportunities to trade the most popular and promising digital currencies. X Open Hub has added 30 new cryptocurrencies to its already long list of crypto offerings. The new crypto offerings available through X Open Hub’s liquidity solution are extensive and include: AAVE, ALGORAND, APECOIN, CHILIZ, COSMOS, CRONOS, CURVEDAO, DECENTRALAND, DYDX, ELROND, FANTOM, FILECOIN, FTX, GALA, GRAPH, INTERCOMP, IOTA, KILOSHIB, KYBER, MAKER, METAL, NEO, SANDBOX, STEPN, SUSHI, TRON, VECHAIN, WAVES, ZCASH and ZILLIQA. “We believe brokers need to stay abreast of trends and should perceive a wide range of cryptocurrencies as an additional tool to attract new customers or manage their retention. In the last quarter, we devoted a lot of attention to developing our asset class offering and equipping our partners with all the tools necessary to remain competitive in the market,” stated Michael Copiuk, CEO of X Open Hub. IND50cash and CH50cash X Open Hub has also added the IND50cash and CH50cash indices to its liquidity offerings. The IND50cash is based on the Nifty 50, the benchmark index that includes 50 of the most profitable companies across 12 sectors listed on the Indian stock markets. This makes it a well-diversified index. Alternatively, the CH50cash, is based on the China A50, a pan-China benchmark index that includes the top 50 companies, based on market cap, listed on the Shanghai and Shenzhen stock exchanges. A Global Leader Established in 2010, X Open Hub is the institutional arm of the XTB, which is listed on WSA and licensed across multiple jurisdictions, including the UK FCA, CySEC, IFSC, FSCA, and more. XOH has created a niche by providing complete front- and back-end technology and responsive support to propel growth for financial firms. X Open Hub’s solutions include deep institutional liquidity on more than 5,000 global instruments, including indices, shares, forex, cryptocurrencies, commodities, and ETFs, and a powerful white label platform that can be fully customised and branded for each brokerage. X Open Hub also offers multiple integration options to ease operations for brokers, such as FIX protocol, xAPI, MT4/MT5 Bridge or Gateway, and integration with Prime XM, Gold-I, oneZero, and more. This has helped the company gain over 100 clients across more than 30 countries within a decade of being launched. Speak to the X Open Hub Team about cryptocurrencies and emerging market indices. Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
1 day agocryptodaily
Gnox (GNOX) Presale Expected To Be Sold Out By Mid-August. Ethereum (ETH), And Cardano (ADA) Spike In Price
ETH and ADA Price Spiking On Upcoming Renovations Both Ethereum (ETH) and Cardano (ADA) have been spiking as of late as crypto investors anticipate milestones such as Ethereum's “merge” which will finally take the blockchain off of proof-of-work and onto a proof-of-stake accounting mechanism. The merge is expected to reduce the amount of energy needed to run the blockchain by 99% while speeding up transactions. It won’t however, have much of an effect on the gas prices as they are solely based on network usage which is expected to only go up. ETH is currently priced at over $1500 and has risen more than 60% in the past couple of weeks. Cardano is on the verge of launching Vasil on its mainnet — the most important milestone in 2022. According to developers IOG, Vasil will offer Cardano platforms “significant performance and capability upgrades” and a better experience overall. ADA is selling at around 50 cents at the time of writing and has recently seen a 30% surge in price. Gnox (GNOX) Presale Is On Fire Gnox Token (GNOX) is now in Round 3 of its private, pre-launch token offering. The presale was divided into three phases with a certain amount of tokens allotted to each phase. At the end of each round, all unsold tokens are burned, thus raising the price for the next round. However, things didn’t go as expected. Round 2 actually sold out with days. The third phase runs until August 12th and is also expected to sell out. So if you want in on GNOX, now is the time. But what is the Gnox platform and why is it on fire before the platform has even launched. GNOX is the first DeFi token to have a real shot at mass adoption. Right now, if crypto investors want to build a diversified portfolio of assets, they have to go to do all of the research and then open an account on an exchange and buy the assets piecemeal. Furthermore, if you want to earn any passive income on the assets you have to learn the ropes of DeFi platforms that offer staking, lending, and pooling opportunities. It’s a lot of work and most people end up not getting the results they’re hoping for. GNOX changes all that. All you have to do to be invested in a diversified portfolio of crypto assets is buy and hold the GNOX token. Done. A team of professionals does all of the heavy lifting. You can think of GNOX as you might think of an ETF that gives you exposure to a basket of stocks. However, GNOX takes it a step further and offers ongoing passive income to all holders. The GNOX treasury (which is funded by a royalty on token sales) will be invested in top cryptocurrencies that offer passive income opportunities across several platforms and blockchains. The revenue will then be used to buy back and burn GNOX tokens on a monthly basis thus constantly reducing the supply. Moreover, a 1% royalty on all aftermarket sales will be airdropped back to all GNOX holders every hour. This means you can sit back and watch your stack grow throughout the day. This, on top of a constantly growing treasury that produces more and more passive income provides great incentive to get in as early as possible and hold for the long haul in order to create generational wealth. You can get in on the presale and learn more about GNOX on the Gnox.io website. Learn more about Gnox: Join Presale: https://presale.gnox.io/registerWebsite: https://gnox.ioTelegram: https://t.me/gnoxfinancialDiscord: https://discord.com/invite/mnWbweQRJBTwitter: https://twitter.com/gnox_ioInstagram: https://www.instagram.com/gnox.io/ Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
1 day agocryptodaily
Everdome Secures US$10 million Investment Commitment from GEM Digital Limited
Dubai, UAE, 9th August, 2022, ChainwireEverdome, the most hyper-realistic metaverse, has announced that GEM Digital Limited (GEM), a Bahamian-based, digital asset investment firm, that sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally, has agreed to an investment commitment of US$10 million into the UAE-based metaverse company, through a structured token subscription agreement. The announcement comes during a period of heightened activity for Everdome, particularly in terms of its product roll-out and the company’s auction of metaverse land plots. Since June 2022, a total of 11,700 plots (97%) located throughout the Everdome metaverse were sold throughout an eight-week auction experience. In total, plots were purchased for upwards of US$18.6 million, which is equivalent to 1,531,000,000 $DOME, Everdome's own digital currency. The average price of a plot of land in Everdome was 130,000 $DOME. Everdome will control the timing and the number of drawdowns under this facility, and has no minimum drawdown obligation. At its discretion, Everdome has the ability to sell up to 200% of its average daily volume, in Tokens across multiple exchanges to GEM Digital. According to Rob Gryn, CEO and Founder of Everdome, the commitment from GEM will be used to strengthen Everdome's offering and ensure future sustainability in the business. "We're thrilled to partner with and achieve this investment commitment milestone with GEM, which confirms that we're on the right track as we seek to push new boundaries in the metaverse. This is the perfect time for us to put our foot on the gas and really grow our product, which GEM's investment commitment will help us to do. Everdome is in a very exciting place, and together with GEM we’ve taken the next step in order to build our metaverse ecosystem to the next level." GEM's investment will be focused on team growth and metaverse technological expansion and will see the game's virtual reality (VR) capabilities set on a fast track. Funds will also go towards boosting marketing efforts, partnership enablement, and investments that will aid Everdome's sustainable growth. Set to launch in three phases throughout 2022, Everdome takes users on an immersive journey from Hatta in the UAE, which is widely viewed via rocket launches, to colonize Mars in Everdome City. The metaverse platform leverages cutting-edge 3D scanning technology and Epic Games' Unreal Engine 5 to deliver state-of-the-art, photo-realistic graphics that will leave players wondering about the boundaries between gameplay and reality. Built on Unreal Engine 5, Everdome will deliver a real-world-extended experience- pulling on the talents and vision of renowned concept artists, game creators, 3D designers, Hollywood VFX specialists, urban planning professionals, a development team that has been delivering graphics and effects for more than a decade, and a marketing team that has already found bounds of success in numerous industries. To learn more about Everdome, visit everdome.io. About Everdome Everdome is creating the most hyper-realistic metaverse. Bringing brands and users together in a digital-life meets real-world experience, all with the purpose of interconnecting the digital and physical worlds seamlessly -ultimately creating the most realistic web3 experience. About GEM Digital Limited GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally. Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and the Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provides GEM and its partners with exposure to Small-Mid Cap Management Buyouts, Private Investments in Public Equities, and select venture investments.ContactsHead of PRYousef BatterWhite Label [email protected]+971559356531
1 day agocryptodaily
Uniglo (GLO) Offers An Amazing Roadmap And Whitepaper That Could Compete With Shiba Inu (SHIB) And Fantom (FTM)

Hidden crypto gems. Small cap crypto projects that go on to become giants in the sphere. Everyone knows the famous Bitcoin pizza story where one man traded 10,000 Bitcoins for two pizzas. Long-term holders of BTC have grown incredibly wealthy, specifically those who bought in prior to 2013. However, as Bitcoin has matured as an asset, its old mania phases have disappeared. The new projects with insane growth potential are all small cap altcoins, and this is where investors must search if they want to find the next hidden crypto gem. Two classic examples are Fantom (FTM), traded at $0.01 at the start of 2021 and hit a peak of $3.40 later that year in November, and Shiba Inu (SHIB), which saw gains of more than 46,000,000% in 2021.A new Ethereum-based protocol called Uniglo could be the next crypto unicorn with an impressive whitepaper and roadmap. This new social currency could outpace both Fantom and Shiba Inu; currently, in its presale, Uniglo has the potential to be a top gainer in 2022. Uniglo (GLO)Uniglo is a community-owned token backed by a treasury. This year has seen inflation soar and massive price volatility in the digital asset sphere. With a choice between fiat with its constantly eroding value or cryptocurrency with huge volatility, investors struggle to find any store of value where they can preserve their wealth. Uniglo builds on the techniques used by the ultra-wealthy for generations, storing wealth in assets, and uses blockchain technology to introduce a new form of currency. The GLO token will have a tangible asset backing with the Uniglo Vault holding a range of digital, real-world, and NFT assets. The Vault will hold stablecoins to protect against volatility, large-cap cryptos such as BTC & ETH to benefit from long-term price appreciation, digitised gold, and as asset tokenisation grows in popularity, more and more real-world collectables. The GLO token represents a treasury that allows investors to preserve their wealth and derive the benefits of asset appreciation. This new token will launch in Q4 later this year, and it could be one of the most exciting launches of 2022. Fantom (FTM)An established player in the DeFi (decentralised finance) ecosystem, Fantom’s mainnet, the Opera Network, is favoured by DeFi enthusiasts and has one of the most colourful ecosystems of any layer one project. This ultra-scalable network quickly powered its way through the rankings in 2021 as more and more investors and developers flocked to the Opera Network.FTM, the native token, currently trades at $0.32, and although the current price is still a great entry point, those lucrative early gains have already disappeared.Shiba Inu (SHIB)Shiba Inu is a token that dominated headlines across the world in 2021. It is a brilliant example of market psychology. SHIB enjoyed a meteoric rise on the back of two events, the rumour that RobinHood would list it and Elon Musk tweeting about the token.SHIB certainly still has potential, but the probability of it making another blistering run like 2021 is low. The early adopters have been rewarded; gains can still be made, but life-changing gains cannot be. Find Out More Here Join Presale: https://presale.uniglo.io/register Website: https://uniglo.io Telegram: https://t.me/GloFoundation Discord: https://discord.gg/a38KRnjQvW Twitter: https://twitter.com/GloFoundation1 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
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Trend Micro calls out vulnerabilities in metaverse security development
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About Cronos

The live price of Cronos (CRO) today is 0.135833 USD, and with the current circulating supply of Cronos at 25,263,013,692 CRO, its market capitalization stands at 3,431,551,850 USD. In the last 24 hours CRO price has moved 0.010528 USD or 0.09% while 10,505,314 USD worth of CRO has been traded on various exchanges. The current valuation of CRO puts it at #24 in cryptocurrency rankings based on market capitalization.

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

Launched in November 2021 by Singapore-based Crypto.com, Cronos is one of the two important blockchains in the Crypto.com ecosystem (the other one being the Crypto.org chain). It is an open-source, decentralized EVM-compatible blockchain created atop the Cosmos network, using the Cosmos SDK.

Cronos blockchain was created keeping the Web 3.0 creator economy in mind. Offering support for GameFi and DeFi decentralized applications, as well as non-fungible tokens (NFTs), it is intended to serve as the foundational infrastructure for metaverses. Owing to its EVM-compatibility and use of Cosmos’ Inter-Blockchain Communication (IBC) protocol, Cronos allows for easy porting of DApps, crypto assets and smart contracts from Ethereum, other EVM-compatible and IBC-enabled blockchains. 

CRO price

CRO coin went live in Nov-Dec 2018, much before the Cronos chain launch in late 2021. However, CRO price stayed mostly under $1 per token before the Cronos chain went live. Boosted by the market-wide bullish trend as well as the Cronos launch, CRO price closed in on $1 for the first time in November 2021. It registered a noteworthy upward rally that month and reached its all-time high of $0.96 on Nov. 24, 2021. At its ATH, CRO’s fully diluted valuation stood at a little over $30 billion.

While CRO price retraced to $0.33 by late January 2022, amidst broader crypto market sell-offs, it reclaimed some lost ground in the month to follow, and breached the $0.5 resistance in February 2022. As per our CRO live price chart, after sustained downward pressure in the following months, the price of CRO coin couldn’t hold support at $0.3, and receded under $0.2 in May 2022.

How CRO works

Built atop the Cosmos network, Cronos is an Ethereum Virtual Machine (EVM) compatible blockchain that runs parallel to the Crypto.com ecosystem’s other blockchain - Crypto.org. The utility token of both Cronos and Crypto.org chains, however, is CRO, a token built using the native CRC-20 or Ethereum’s ERC-20 standard. CRO is responsible for powering the overall Crypto.com ecosystem and holds utility across multiple use cases, including in the company’s trading, financial and payment services.

Cronos is powered by Etheremint, which facilitates easy DApp portability from Ethereum as well as other EVM-compatible blockchains. Being an EVM blockchain built using the Cosmos SDK, Cronos is one of the few blockchains that benefits from both Ethereum and Cosmos ecosystems.

Cronos secures its network through a Proof-of-Authority (PoA) consensus mechanism that depends on reputed and well-known validators for block production. As computational power stays concentrated this way, it leads to much faster transactions, further boosted by Tendermint’s Byzantine Fault Tolerance (BFT) algorithm. Validators in such a consensus system are bound to preserve their nodal integrity, as their reputation and identity is at stake.

CRO news, updates and highlights

In a major CRO news development, Crypto.com ceased to offer support for its earlier MCO token in November 2020. The company merged MCO coin's functions with the technology and utility of CRO, making the latter the only token of the Crypto.com ecosystem. The main intent behind this was to simplify the workings of various Crypto.com offerings. As a result, MCO holders were asked to swap MCO tokens for CRO at a 1:27 ratio.

More recently in Jan 2022, the Cronos team highlighted the CRO journey so far and discussed the roadmap for 2022. According to the Cronos Community Roadmap for the year 2022, the Cronos team aspires to propel the blockchain to the list of Top 5 blockchains by total value locked (TVL). It aims to accomplish this by providing better interoperability, enhanced infrastructure for developers and expansion of the platform’s NFT, GameFi, Metaverse and DeFi ecosystems. A $100 million fund has already been set aside to boost projects being developed on the Cronos blockchain.

Additionally, in February 2022, ‘Crypto.org Coin’, the utility token of Crypto.org and Cronos blockchains was rebranded as Cronos, reflecting the coin’s decentralization and tremendous growth witnessed in the Cronos ecosystem.

Frequently asked questions about CRO

  • Is it possible to mine or stake CRO?

While you cannot mine CRO tokens, it’s possible to stake your CRO holdings for staking rewards. Here are more details on how to stake CRO on Crypto.com exchange and Crypto.com app.

  • What are some of the best CRO wallets?

Crypto.com recommends storing your CRO tokens in its native DeFi wallet. That said, you can use third-party wallets like MetaMask, Ledger, Coinomi and Trezor too.

  • What can you do with CRO?

You can use CRO tokens to pay for various services offered across the Crypto.com ecosystem, including in Crypto.com Pay, Crypto.com App, Crypto.com Exchange and Crypto.com Earn.

  • How to buy CRO?

Buying CRO tokens is easy. You may either purchase them through the Crypto.com exchange/app, or from other reputed crypto exchange platforms. You’ll often find CRO paired with Bitcoin and top altcoins like ETH, XRP, SOL, ADA and more.

Cronos Price0.135833 USD
Market Rank#24
Market Cap3,431,551,850 USD
24h Volume16,401,952 USD
Circulating Supply25,263,013,692 CRO
Max Supply30,263,013,692 CRO
Yesterday's Market Cap3,307,067,100 USD
Yesterday's Open / Close0.120377 USD / 0.130905 USD
Yesterday's High / Low0.130905 USD / 0.119571 USD
Yesterday's Change
0.09% ( 0.010528 USD )
Yesterday's Volume10,505,314 USD
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