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cVault.finance price, market cap on Coin360 heatmap

cVault.finance(CORE)

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$6,663.74
(2.64%)
0.27023079 BTC
Market Cap (Rank#332)
$66,637,407
2,702 BTC
Vol 24h
$14,649
0.594048 BTC
Circulating Supply
10,000
Max Supply
?
1h agocryptodaily
CALDANCE to Revolutionize the Fitness2Earn Landscape
Singapore, Singapore, 11th August, 2022, Chainwire CALDANCE, a blockchain-based fitness project, just completed the first pre-sale of its hardware and sold 500 units for $400,000. Their fitness-to-earn model aims to reward fitness freaks for burning calories. The GameFi and Social Fi platforms will allow players to earn NFTs for fitness equipment, virtual athlete characters, and sports equipment. CALDANCE is backed by the founder of Bobcat Miner, Yiming Wang. Founded in 2021, Bobcat Miner produces high-efficiency Helium LongFi compatible miner hotspots. It is the largest manufacturer of miner hotspots in the Helium blockchain project and has already sold more than 270,000 units worth over $100 million. Wang’s involvement in the CALDANCE project has increased their awareness in the Web 3.0 domain. The idea behind the project is relatively simple: interested users need to participate in the pre-sales of fitness and sports equipment, and NFT vouchers in order to obtain the CALDANCE Crypto Exercise bike which they have to link with the CALDANCE app slated to launch in less than a couple of months. Once linked, players can simply work out on the CALDANCE bike and start earning tokens. Players can even level up on the platform, and trade NFT characters and accessories. The first hardware pre-sale round was well received by private equity investors, hardware agents, and community users. The second round is due later in the month when more investors can get their hands on the CALDANCE fitness hardware. The CALDANCE Crypto Exercise bike is powered by a high-performance ARM Dual Core processor clocked at 1.5 Ghz. It also has 2 GB memory, 8 GB storage, Bluetooth 5.0, and WiFi. Moreover, it can be externally powered via a 24V/2A adapter. Apart from that, the bike is quite sturdy and can support weights up to 120 kg. The bike has been mass-produced and pre-sale participants can expect to receive the same by late October 2022. The first round of hardware pre-sale was very well-received by investors who swept it within minutes. This clearly indicates that CALDANCE’s fitness2earn idea is about to take the blockchain industry by storm. Interested users can participate in the second round of hardware pre-sale which will occur in late August 2022 and grab the CALDANCE Crypto Exercise bike. The CALDANCE app is currently in the internal testing phase but users might be able to test the app by September 2022. Once the app goes live officially in October 2022, players will just have to link their CALDANCE fitness equipment with the app in order to earn rewards. The project has been on point with its roadmap so far and they have already started selling their crypto exercise bike and NFT vouchers to the market. CALDANCE’s IDO/IEO fundraising is scheduled for the fourth quarter of 2022. Around the same time, the project is aiming to take their governance token, CDT (Calorie Dance Token), online. Future plans include partnerships with third-party fitness equipment brands, sports equipment catalog enhancements, and fitness content integration with virtual reality via Google Maps. While the initial response to the project has been favorable, it is expected to gain more attention with the second pre-sale campaign, app launch, and equipment deliveries to users. Overall, CALDANCE has been on a solid start to take the fitness2earn, GameFi, and SocialFi spaces by storm. About CALDANCE CALDANCE (Calorie Dance) is a blockchain-based fitness project which offers Web 2.0, Web 3.0, and fitness2earn products. Their aim is to reward fitness enthusiasts with crypto for exercising and burning calories. Users of the CALDANCE app can track their stats in real-time and progress towards their rewards as well as fitness goals. Also, the app allows users to withdraw their rewards to their crypto wallets. The GameFi and SocialFi platform also allows users to participate in community events like competing with friends, daily quests, and tournaments to earn prizes. Their crypto exercise bike allows users to stay on top of their fitness game and provides real-time data to the CALDANCE app. The platform allows users to earn crypto rewards in the form of NFTs for fitness equipment vouchers, sports equipment, as well as virtual athlete characters. For media and press-related inquiries, please contact [email protected] For more information, please visit https://caldance.io/ Get the latest updates from CALDANCE by following their social media handles on Discord, Instagram, and Twitter.ContactsCEOJames [email protected]
4h agocryptodaily
Ethereum Final Step Towards Mainnet PoS As Goerli Testnet Merge Goes Live
Ethereum has successfully pulled off one of the most critical tests in crypto history, as it completed the final scheduled test before the merge, moving it closer to the adoption of the Proof-of-Stake model, an upgrade that it has been working towards for years. The upgrade has been touted as one of the most critical events in crypto history. A Final Dress Rehearsal Since its creation nearly a decade ago, Ethereum has been using the much-criticized Proof-of-Work consensus mechanism, involving miners competing with one another to solve complex problems and validate transactions. The problem with this approach is that it is highly energy-intensive, significantly impacting the environment. However, the smart contract platform has been working towards the Proof-of-Stake consensus mechanism, which would see the phasing out of energy-intensive mining. Instead, the new method would see validators stake their ETH and earn the right to validate transactions. Proof-of-Stake requires far less energy and is expected to significantly scale up transactions on Ethereum significantly. According to reports, the final test took place on Wednesday, 9:45 PM ET. a researcher with the Ethereum Foundation, Ansgar Dietrichs, described the test as successful, stating in a tweet that the most relevant metric for success in a dry run such as this is looking at the time to finalization. Another associate from Galaxy Digital stated that while the participation rate after the merge dropped, it could have been down to an issue with one of the clients. However, overall, the merge was a success. “A successful Merge = chain finalizes. Sure, the participation rate dropped, and it looks like there may have been an issue with one of the clients, but the Merge worked. We’ll likely see minor issues like this with the upgrade on mainnet too, but the point is, the Merge worked.” Merge To Go Live In September? While the timing of the merge will be discussed at length at a meeting of core Ethereum developers slated for Thursday. However, previous meetings and guidance have indicated that the Merge could go live as early as mid-September. Ethereum’s transition to Proof-of-Stake has seen repeated delays over the past few years. Core developers have admitted that progress has been slow to allow sufficient development, research, and implementation time. A Successful Test The Georli testnet, on Wednesday, simulated a process identical to what the main network will execute when it transitions into Proof-of-Stake. Testnets such as Georli allow developers on Ethereum to test out new upgrades and make any changes needed before implementing them on the main blockchain. Wednesday’s test showed that moving to Proof-of-Stake and its validation process significantly reduces energy consumption and also proves that the merge process is working. Josef Je, a developer who has previously worked with the Ethereum Foundation and now runs a permissionless peer-to-peer lending platform, stated that the Proof-of-Stake running on Georli will be identical to how Proof-of-Stake would run on the blockchain. The Ethereum Foundation shared the same sentiment, stating that Georli is the closest iteration to the mainnet and will play a critical role in smart contract interactions. Looking For Potential Bugs Tim Beiko stated that during tests, they know almost instantly if a trial run is successful or not. However, in this case, the developers at Ethereum will continue to keep an eye out for any potential issues that could crop up in the days ahead. Beiko stated, “We want to see the network finalizing and having a high participation rate amongst validators and also make sure we don’t hit any unexpected bugs or issues.” According to Beiko, tracking the participation rate is the easiest metric to gauge success. If the developer numbers dwindle during the test, it could signal an issue. He also stated that they could also look at Ethereum transactions and gauge the success of a test, stating that if the blocks have actual transactions in them, then the test is considered a success. The last major check, according to Beiko, is to check if the network is finalizing. “If those three things look good, then there’s a long list of secondary stuff to check, but at that point, things are going well.” A New Proof-of-Stake Proposal Developers at Ethereum have been testing Proof-of-Stake on a parallel chain called the Beacon Chain. According to Beiko, the original proposal required validators to stake 1500 ETH to use the system. However, the new Proof-of-Stake proposal sees this number drastically reduced to just 32 ETH. Beiko stated that while this isn’t a small sum, it is a much more accessible figure for 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.
20h agocryptodaily
Layer-1 Blockchain ‘Injective’ Raises $40M in Funding Round Led by Jump Crypto
Injective has managed to raise $40 million in a private token sale led by Jump Crypto according to reports from Tech Crunch. Brevan Howard Digital, the cryptocurrency arm of British billionaire hedge fund manager Alan Howard, also took part in the funding round. The capital was raised by Injective and Injective Labs, a software development firm that supports the blockchain, to add new stockholders to the ecosystem. The platform aims to optimize and build decentralised finance applications such as exchanges, derivatives, prediction markets, and options. The platform also produces financial decentralised applications (dApps). Through Injective, founder Eric Chen aims to create an Ethereum virtual machine-compatible blockchain specialized in decentralised finance use cases. Chen said, This is a fundamental piece of innovation and a fundamental paradigm shift that no one wants to be excluded from or too late on adopting. This is why we’re so excited – those who are making large efforts and commitments are innovating forward. Chen added that the new funds will be used to support incoming Injective developers as well as build critical toolkits, support software, and core upgrades to expand its ecosystem. The capitals will also allow Injective to increase utility for its native token, INJ, and will provide liquidity and support to dApps on its blockchain. The raise will also support a broader effort to bring on more institutions and provide greater liquidity to DeFi according to Chen. He added, The ecosystem is institution-ready and excited for sophisticated liquidity coming in as well. It’s a synergetic effort for broader adoption. According to Chen, in recent times there has been greater interest in DeFi and activity from traditional institutions and the traditional finance sphere, noting, This is definitely shown with financial service providers like investment banks, brokerage firms and asset managers regardless of market conditions. Despite the crypto market still finding itself in troubled waters, the price of Bitcoin remaining below $25,000, and start-up valuations are down across the board, Chen thinks now is the optimal time to raise capital, saying, We want to go against what the current trend is. We want to be in the best position possible during a bear market to build and support new incoming developers and capture those opportunities. 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.
21h agocoindesk
First Mover Americas: Bitcoin Jumps After Core CPI for July Comes In Lower Than Expected
The latest price moves in bitcoin (BTC) and crypto markets in context for August 10, 2022.
23h agocryptodaily
Is Play-To-Earn Dead?
With around $300 Billion floating in the market, gaming stands as one of the most significant industries and with GameFi averaging $175M, lots of potential for expansion! The rise and fall of notable titles like Axie and more have resulted in the emergence of dominant ‘play-to-earn’ and ‘play-and-earn’ models. But with the emergence of dilemmas, which of them is better? Which of them is sustainable? Feasible? Or even valid anymore? Most play-to-earn games known so far revolve around the idea of players grinding with repetitive actions to make profits, something that doesn’t portray the essence of fun and entertainment, the core values of a gamer. Play-and-earn, on the other hand, accentuates more engaging and entertaining games as in-game time is monetised. Gamers can also have a real-life impact on character development and more by implementing DAOs. Some examples of P2E or P&E - and how it doesn’t focus on the actual gameplay, value add or anything like that, but rather just hours of grinding for little money with no good game experience. The Pains and Problems Beyond prepositions and conjunctions, the paradigm explains not just the semantics but also the business models and core values behind the famous terms. GameFi at the moment is not designed for gamers - which is the underlying problem, and no systems can host a genuine grade AAA on the blockchain. Being nothing more than a “gig” or a “nuisance” to earn some extra cash is not the narrative GameFi would like to see itself in. Traditional games offer stimulated economies for players driven by stories and characteristics controlled by the publishers. These games do not provide a market to trade or liquidate assets within the said economies, while the Play-to-Earn titles lack the elements that would make them fun, engaging and compelling. The two sides to a coin can identify both sectors with a set of drawbacks and improvement areas. “There is no ownership if you can’t sell it - and it’s not worth owning if it isn’t appealing enough, and that’s a pressing issue. Bridging the gaps between Web2 and Web3 primarily comes from asset ownership, mechanics and usability”, says Adria Mir, Gaming & Blockchain Expert at G4AL and Elemental Raiders. Traditional ‘free-to-play’ or ‘pay-to-play’ models only provide entertainment and experience out of the games or assets purchased and consider the investment a sunk cost. Because of the centralised nature of traditional games, the assets can be changed or taken away anytime by the operator or game publisher. In a worst-case scenario, if the publishers or studios go out of business, players can lose all their assets before getting the entertainment value out of it. The most recent example was Telltale Games’ shutdown which left The Walking Dead’s final season incomplete. Web3 or ‘play-to-earn’ games, on the other hand, do provide the ownership as opposed to traditional games, with no threat of players losing their assets even if publishers go out of business. However, given recent history, it is easy to imagine the extreme inflation and fleeting deflation of play-to-earn or play-and-earn games when the core value of gamers and their communities are taken out of the equation. Where Does the Future Lie? With all that in hand, are play-to-earn, play-and-earn and most other models dead? There is a need for a model that focuses on the best of both worlds. Many Web3 scholars accelerate different terms daily, but one has been prominent and has had a substantial impact. ‘Play-to-Own’ focuses on decentralisation, control and ownership first and foremost, which is one of the essential factors and foundations of blockchain and web3. But is that enough to convince the hardcore fans of Elden Rings, Call of Dutys’ and Web2 gamers alike? You’re right! - Probably not! Said differently, the “ownership revolution” stays at the heart of what GameFi and the so-called ‘AAA blockchain games’ are trying to achieve, but so should the increasing need to host and build a game that serves the mechanics, gameplay and UI/UX of a console-quality title. It raises the question of platforms built on blockchain being capable enough to host a game of that stature, Former First VP of King Studios thinks yes: “We’re building G4AL as a game studio to host the quality of games that first and foremost suits what Web2 gamers are used to, giving ownership to what they play, low entry barriers, and the ability and a monetary exit button which allows them to ‘play-to-own’ or ‘play-and-earn’.” Play-to-Own has the potential to be applied to any game, may they be Web2 or Web3, which in turn can increase the customer lifetime values, engagement ratios and retention rates. Instead of forcing users to buy-in set NFTs or assets to the game, it can potentially open up a plethora of in-game revenue streams. Creating higher value in games that allow ownership and low entry risk can enable players to choose these games over traditional models or P2E models as they get both ownership and security as well as long-term retention. 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
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
1 day 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]
1 day agocryptodaily
Raullen Chai says IoTeX and MachineFi Lab support the Ethereum merge
Citi Group calls the merge the most significant in crypto history since bitcoin launched JP Morgan analyst say that thanks to the merge, crypto has found its floor The news comes ahead of MachineFi Lab’s historic W3bstream launch IoTeX and its core developer MachineFi Lab have announced they are prepared to fully support the Ethereum Merge, which could happen as soon as 19 September 2022. IoTeX is among several other blockchain projects that have come forward, announcing its solidarity with Ethereum's Proof-of-Work (PoW) to Proof-of-Stake (PoS) switch. "The Ethereum merge is one of the most long-awaiting events recently in the crypto and blockchain space," said IoTeX CEO and Co-Founder Raullen Chai. "The entire IoTeX team and I are very excited about Ethereum's transition to a Proof-of-Stake protocol and have ensured we are technically, completely ready ahead of time to support the merge." Chainlink announced it would not support any PoW Ethereum forks and would only support the Ethereum PoS. It called for caution, warning that PoW-deployed smart contracts could behave unexpectedly during the merge. Tim Beiko, the Ethereum developer, leading the software development for merging the current Ethereum blockchain with the Beacon chain, a new proof-of-stake consensus layer, said Ethereum users would unlikely notice any differences in the network's operation. Kraken Intelligence's most recent Monthly Market Recap and Outlook says investor confidence in Ethereum is rising. At the same time, ETH volatility has decreased ahead of the merge, an upgrade that makes Ethereum more environmentally friendly. Chandler Guo, a prominent Chinese Ethereum miner, has expressed opposition to the merge announcing plans to hard fork, a move that Tron's Justin Sun has backed. New York-based banking giant Citi Group also commented on the merge, one of the most significant events in crypto history since Bitcoin launched. The financial institution said that ETH would transition into a deflationary asset among the consequences of the merge and set it on a potential road map to greater scalability through sharding. CoinShares released a report saying, "institutions are flocking to Ethereum for seven straight weeks as the merge nears."Ethereum saw inflows totaling US$16m and is enjoying a near seven-consecutive-week run of inflows totaling US$159 million," the report adds. "We believe this turn-around in investor sentiment is due to greater clarity on the timing of The Merge where Ethereum shifts from proof-of-work to proof-of-stake." According to a Business Insider article, JPMorgan analysts believe cryptocurrency has "found a floor." They argue that the "real driver has been the Ethereum merge and positive data following the launch of the Sapolia testnet in early July and Ropsten testnet in June, indicating the merge is viable in 2022." Investors highly anticipate the upcoming event, it added. The news comes ahead of MachineFi's impending W3bstream release. Launching the world's most advanced data oracle is another milestone in the crypto space that will disrupt the IoT sector by providing a decentralized alternative for the internet connectivity of billions of intelligent devices. As stated by Samsung Next, Draper Dragon, and Escape Velocity Ventures, MachineFi Lab investor, this new digital asset category will undoubtedly shake the Web3 reward economy. It will give back control to billions of people of their data and empower them with revenues of up to $3,000 annually, a figure that will significantly increase over time. 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 agozycrypto
Diversity and Inclusion Accountability Shifts To The Crypto Industry
The desire to harness the potential of diversity and inclusion has remained a top priority and a critical strategic agenda for many organisations around the world. The same goes for the Committee on Financial Services in the United States House of Representatives, which has diversity and inclusion as a core pillar of the US financial […]
2 days agocryptopotato
Early BTC Core Developer Has Some Advice for Bitcoin Maximalists
Bitcoin maximalists should respect the alternative coins since some of those have significant use-cases, too, claimed Matt Corallo.
2 days agocryptodaily
VisionsDao Exits Stealth Mode and Presents a Modular Stack for GameFi That Enables Sustainable Economies
Toronto, Canada, 8th August, 2022, ChainwireAn up-and-coming GameFi infrastructure startup, VisionsDAO has been building for more than a year what could become a foundational primitive for game developers looking to implement sound crypto economic designs and plug-and-play modules that will power a new wave of sustainable on-chain Web3 games to come to market and thrive. VisionsDAO aims to enable engaging gameplay and circular game economies through high-quality crypto-economic modules that accelerate time-to-market while reducing development costs and risks for Web3 game builders and legacy game studios who want to make the leap into blockchain-powered games. VisionsDAO wants to challenge the current “Play-to-Earn” gaming format. “When earning became the main design focus for players, guilds and project teams, games felt more like jobs than sources of joy, and the end result was higher acquisition costs, and lower retention rates.” - said VisionsDAO co-founder Nico Rodriguez. One of the issues faced by many games was related to hyper-inflationary token designs that were not sustainable, requiring a growing number of new players to buy an ever-growing supply of tokens flooding the market. Due to that, token prices tanked, and failure rates at first-wave GameFi companies became a scary topic for gamers, investors and founders alike. In order to solve that, VisionsDAO developed a stack of 5 modules that can be selectively or entirely included by game developers, ultimately adding up to creating a fully on-chain business simulation game. The Visions-SDK allows anybody to instantiate their own simulation game, by configuring the parameters of the modules to function exactly as they want them to. Nico Rodriguez, who also leads the technical development of the project, talked about his desired impact on the entire Web3 Ecosystem: “We’re making the development of on-chain business simulation & economy games so streamlined that we also believe that not only legacy gaming studios and Web3 game builders will benefit from our stack, but also that we will enable the emergence of DAO Social Games as a new community building tool, increasing their size and engagement, while also helping DAOs and Protocols to expand their treasury via novel mechanisms such as crafting items through forging fungible and non-fungible digital assets.” Builders using the VisionsDAO SDK can launch games that operate on-chain, with interoperable capabilities across EVM compatible blockchains, taking advantage of circular economic features and reducing hyperinflation risks. The modules are built with the same mindset that enables rigorous DeFi protocols to succeed. “We’re building innovative GameFi infrastructure and tooling so that devs and artists can do more together. Through our first modular stack, we aim to jumpstart the unfolding of an ever-expanding universe of interoperable ecosystems, not only within gaming but also within other thriving and nascent sectors of Web3. GameFi can be integrated into every segment, from DeFi to ReFi, accelerating the adoption of new decentralized technologies, and also new values.” Added co-founder and ecosystem development lead, Phil Lewandowski. VisionsDAO has raised $2.2m in their seed round from industry giants Animoca Brands, Spartan, trailblazing founders and angels like Trent McConaughy, Bruce Pon and John Lilic, in addition to receiving tremendous support from accelerators and strategic partners such as Alliance DAO and Kilonova Ventures. The founders invite all game builders, hardcore gamers, DAO members, investors and GameFi enthusiasts to get in contact for learning more about the protocol and for future partnership opportunities through their website. About VisionsDAO VisionsDAO is a decentralized and open-sourced infrastructure provider bringing business simulation games on-chain. It merges the resilience of token engineering into gaming to unlock new streams for value creation. VisionsDAO’s circular economic models and gamified dividend pools empower developers to gamify the entire ecosystem. Learn more: https://www.visionsdao.io/ContactsVisionsDAO [email protected]
2 days agocoindesk
CoinDesk 20’s Latest Change Is the Biggest Yet
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3 days agocryptodaily
Democratising NFT Whitelisting Puts Web3 Closer To Advancing The Creator Economy
The current state of decentralised markets and the global Web3 community is more complex than ever before, and it has not been getting any easier to grasp. The reason for this complexity is the different levels of innovation and market capture of NFT & crypto projects in the space. For one, there are legacy ecosystems showing little visible innovation, such as the BTC ecosystem; on the other hand there are networks like Avalanche which have nothing but performance and efficiency in mind when orchestrating their operations. Exponential innovation that many strive towards happens in the labs of such projects. A contrast in Web3 projects of this kind, just like in most other industries, can create quite a disorder in the communities surrounding this space. Problems With The Current NFT Whitelisting Practices As most of us are aware, communities, especially in Web3, are the gears powering advancement and progress, because the existence of lightning-fast feedback loops can help a given project excel and fix problems quickly. However, there is not much one can do to decrease the aforementioned innovation and engagement contrast seen in today's decentralised environment - what is possible, however, is being able to adapt to it and turn smaller niches within Web3 toward stability, which communities need today. Whitelisting of NFTs has come a long way since the first baby-steps of these unique on-chain items in 2017, when projects like CryptoKitties came to market, but the characteristics of the average NFT whitelist haven't been improved a whole lot. In a conversation with a dedicated NFT enthusiast, you may find out how difficult and often unfair NFT launches can be - you might start hearing complaints about front-running bots, whales, and similar malicious parties ruling the releases of NFTs, or how projects themselves pay little attention to how well-distributed the allocations really are. Reportedly, seas of NFT newcomers have experienced similar issues. NFT markets have been flooded with lottery-based lunches that don't provide the right incentives, projects that can't manage to communicate honestly and efficiently with their audience or those that use the outdated first-come-first-served model, and, of course, those who rug-pull. Preventing Further Downsides Such projects and methods of whitelisting are doing nothing but dragging the reputation of NFT initiatives that do meaningful work and have some level of underlying value behind them. So far, there has not been a clear pathway to stopping this. NFT & crypto communities are demanding more from projects by the day, but the flawed inner mechanics of NFT collection whitelists prevent advancements that could change the space for the better. Simply speaking, the obvious solution might be to try and solve the foundation on which the standard way of launching NFTs is built, and enable fairer and more accessible drops from there. A new foundation could potentially be built with new motivations and incentives offered to different kinds of participants. For example, the first-come-first-served and lottery-based models could be replaced with certain competitions or prediction events that would create a challenge and reward participants putting in the most effort with allocations. Instead of continuing the operation of mechanics that can damage inexperienced or easily-persuaded individuals, a given NFT project may search for alternatives for launching NFTs in a fair manner - in ways that do not clash with the key values of decentralisation. Only recently new and unique projects started paying attention to the NFT whitelisting fairness issue, and some progress has already been made. SparkWorld* & Fair NFT Distribution One of the most influential projects in this largely untapped niche is SparkWorld*, a UK-based upcoming inventive NFT launchpad with its core built on prediction events on the AVAX blockchain. The goal of SparkWorld* is one that resonates deeply with this article's topic - igniting fairness, proper rewards, and fun within the NFT market. One of the key highlights of SparkWorld* is its invention of an entirely new set of on-chain mechanisms - Fair Prediction Launches - created for reducing the overall dependence on the aforementioned first-come-first-served model, providing access to all enthusiasts, helping prevent market manipulation, and creating never-before seen levels of transparency through its due diligence processes. Some of the most troubling aspects of NFT launches today are poor distribution methods - members have no choice but to trust some third-party to handle transactions, especially in lottery-based launches, which tends to create imbalance in distribution and favour some parties better than others. Benefits of Unique Gamified Markets SparkWorld*'s on-chain prediction events will store the data of NFT launches on the public ledger, providing full transparency to every member or passer-by. Moreover, many enthusiasts and innovators in the field have noticed a curious pattern in the decentralised markets - projects that add some gamification elements to their ecosystem tend to perform better in terms of fair distribution and longer-lasting members' engagement. Therefore, like many others, the SparkWorld* team has started putting effort into gamifying its already robust prediction events-based ecosystem to increase the chances of higher engagement on its NFT launchpad. The way the SparkWorld* operation flow is structured forces the team to think about achieving an equilibrium in the number of different types of users - both members and NFT projects. For regular members, SparkWorld* will have to provide meaningful motivations through the NFT prediction launches, and for the NFT projects themselves. Whitelisting With A Peace Of Mind NFT projects that get onboarded in the SparkWorld* ecosystem will go through a due diligence process that involves a bit of team-doxing for transparency, as well as a careful infrastructure review of each project. Verification and due diligence processes can invite more centralization to a project, but in this case, it is done to ensure fairness and member equality within the ecosystem. In a modern economy, even a decentralised one, being anonymous when making a transaction or providing a service, is not very beneficial considering every internal and external party involved. After an NFT project is approved and onboarded by SparkWorld*, prediction campaigns can begin: all a member will have to do to get involved is set the prediction stake, set a few parameters, and make the prediction - depending on the prediction's accuracy, rewards get distributed. Members on such a platform will be able to enjoy a level playing field created with Fair Prediction Launches, an engaging community where rewarding events are hosted regularly, and an ecosystem that has significantly less malicious front-running bots involved - courtesy of Fair Prediction Launches as well. Conclusion With unfairness and the greed of whales decreasing across different NFT projects, there is hope for the creator economy to accelerate even further. It is quite a challenge to programmatically force members, NFT projects, and creators to be fair to each other, but when the process is gamified and made even more rewarding, there is simply no place for malicious actors. Projects have already started implementing SparkWorld* technology in their ecosystems to ensure participant equality in NFT launches, and despite the SparkWorld* Mainnet not being released just yet, interest is building by the day. Find out more about NFT launch fairness by visiting SparkWorld.io, follow the project's Twitter feed, and prepare for the upcoming release of their Mainnet! 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 agocointelegraph
Nigeria becomes the most crypto-obsessed nation after April crash: Report
The Google trends data for the popular search terms in 15 countries showed that “Ethereum” searches outscored "Bitcoin" in 14 of them.
3 days agocointelegraph
Bitcoin core contributor urges maximalists to take a different route
Matt Corallo urged the Bitcoin community to drop the us-versus-them culture, which leads to attacking projects other than BTC.
4 days agocointelegraph
Amid miner capitulation, Hut 8 maintained BTC ‘HODL strategy’ in July
Other Bitcoin miners such as Core Scientific, Argo Blockchain and Riot Blockchain have reduced their BTC holdings during the bear market.
5 days agocointelegraph
Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts
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5 days agocoindesk
Core Scientific Sold More Bitcoin in July Than It Mined
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5 days agocryptodaily
Crypto Daily - Daily Crypto And Financial News 05/08/2022, Ethereum Fundamentals Shine
In Todays Headline TV CryptoDaily News: Asdasdas Binance and Mastercard to launch Bitcoin rewards card in Argentina. Binance, one of the leading cryptocurrency exchanges, has partnered with Mastercard to launch a rewards card powered by bitcoin and other cryptocurrencies in Argentina, according to a press release. Ethereum fundamentals shine as bottom likely in, before merge With a more accommodating macro backdrop, Ethereum appears to have bottomed, solidified by improved activity resilience than the previous bear cycle, and broadening use cases. Despite industry setbacks, Bitcoin maximalists see a bright future ahead. After frequent calls from mainstream press agencies worldwide that Bitcoin was “finished” because of the recent price drawdown, data shows that a committed core of maximalists are confident in the success of the world’s first decentralized internet currency as it stands apart from various altcoins. BTC/USD plummeted 1.5% in the last session. The Bitcoin-Dollar pair dove 1.5% in the last session. The Ultimate Oscillator's negative signal aligns with the overall technical analysis. Support is at 22098.8837 and resistance at 23984.1057. The Ultimate Oscillator is currently in negative territory. ETH/USD plummeted 1.6% in the last session. The Ethereum-Dollar pair dove 1.6% in the last session. The ROC is giving a negative signal. Support is at 1539.921 and resistance at 1721.341. The ROC is currently in negative territory. The last session saw XRP drop 0.8% against USD. The Ripple-Dollar pair fell 0.8% in the last session after gaining as much as 1.4% during the session. The Stochastic-RSI is giving a negative signal. Support is at 0.3559 and resistance at 0.3841. The Stochastic-RSI is giving a negative signal. LTC/USD skyrocketed 1.8% in the last session. The Litecoin-Dollar pair skyrocketed 1.8% in the last session. The MACD is giving a negative signal. Support is at 54.7833 and resistance at 61.6033. The MACD is currently in the negative zone. Daily Economic Calendar: 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. The UK's CFTC GBP NC Net Positions will be released at 19:30 GMT, the US Average Hourly Earnings at 12:30 GMT, and Germany's Industrial Production at 06:00 GMT. US Average Hourly Earnings The Average Hourly Earnings are a significant indicator of labor cost inflation and of the tightness of labor markets. DE Industrial Production “Industry” is a basic category of business activity. Changes in the volume of the physical output of the nation's factories, mines, and utilities are measured by the index of industrial production. US Nonfarm Payrolls The Nonfarm Payrolls presents the number of new jobs created during the previous month, excluding the agricultural sector. The US Nonfarm Payrolls will be released at 12:30 GMT, Japan's Leading Economic Index at 05:00 GMT, and Japan's Coincident Index at 05:00 GMT. JP Leading Economic Index The Leading Economic Index is an economic indicator comprising 12 indices such as account inventory ratios, machinery orders, stock prices, and other leading economic indicators. JP Coincident Index The Coincident Index released by the Cabinet Office is a single summary statistic that tracks the current state of the Japanese economy. 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.
7 days agocointelegraph
Starbucks teases Web3 rewards program to attract new customers
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7 days agocointelegraph
Hackers might be responsible for removing $4.8M from crypto exchange ZB.com: PeckShield
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7 days agocryptosrus
BREAKING: Likely Solana Wallet Hack Culprit Revealed
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12 days agocoindesk
Crypto Exchange CoinFLEX Slashes Team Amid Cost-Cutting Push
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13 days agozycrypto
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About cVault.finance

The live price of cVault.finance (CORE) today is 6,663.74 USD, and with the current circulating supply of cVault.finance at 10,000 CORE, its market capitalization stands at 66,637,407 USD. In the last 24 hours CORE price has moved -86.78 USD or -0.01% while 11,946 USD worth of CORE has been traded on various exchanges. The current valuation of CORE puts it at #332 in cryptocurrency rankings based on market capitalization.

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

cVault.finance Price6,663.74 USD
Market Rank#332
Market Cap66,637,407 USD
24h Volume14,649 USD
Circulating Supply10,000 CORE
Max SupplyNo Data
Yesterday's Market Cap65,291,040 USD
Yesterday's Open / Close6,615.88 USD / 6,529.10 USD
Yesterday's High / Low6,630.24 USD / 6,460.70 USD
Yesterday's Change
-0.01% ( 86.78 USD )
Yesterday's Volume11,945.65 USD
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