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Dai(DAI)

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$0.999232
(-0.08%)
0.00003513 BTC
Market Cap (Rank#17)
$5,311,982,949
186,741 BTC
Vol 24h
$51,959,570
1,827 BTC
Circulating Supply
5,316,066,812.44
Max Supply
1,583,173,993
1h ago cryptodaily
Beat The Bear Market With Solana (SOL), Ethereum (ETH) And Collateral Network (COLT)
The decentralized finance (DeFi) market is one of the fastest growing markets in the world. In less than two decades a whole new industry has been created with new opportunities for investors every day. Three great investment opportunities are Solana (SOL), Ethereum (ETH), and Collateral Network (COLT). Each project brings innovative new ideas to the market and could significantly influence the future of DeFi, with Collateral Network (COLT) set to completely revolutionize the lending industry alongside 35x gains. >>BUY COLT TOKENS NOW>BUY COLT TOKENS NOW<< Collateral Network (COLT) Applies DeFi To Crowdfunding Collateral Network (COLT) is a new decentralized crowdlending platform in the market that's caught the attention of investors world wide. Using Collateral Networks (COLT) cross-chain network, borrowers will be able to unlock cash from physical off-chain assets using NFTs. Here&rsquo;s how it works. If a borrower on Collateral Network (COLT) holds an expensive physical asset and wants a short term loan, they can create an NFT backed 1:1 by that asset. This NFT is then fractionalized, meaning that lenders can collectively fund the loan by offering fractions of the required capital. This increases the number of investors who can become lenders. Once loaned, lenders will generate a passive income from their loan based on a fixed interest rate, enabling users on the COLT platform to become their own banks. This process is significantly faster than traditional crowdlending processes, and allows borrowers to hold onto their physical assets. To give early investors peace of mind, Collateral Network (COLT)&rsquo;s smart contract has been successfully audited, and its liquidity pool will be locked for 33 years to prevent a rug pull. COLT, the native token of Collateral Network, can be purchased for $0.01 during phase one of the project's presale, with COLT holders earning access to a VIP members club, as well as staking, governance rights, and more. Analysts forecast that due to its immense potential and real-world use cases, COLT is highly likely to surge by up to 3500% over the coming months! With this projection in mind, Collateral Network (COLT) is easily one of the most promising presales on the market today. Find out more about the Collateral Network presale here: Website: https://www.collateralnetwork.io/ Presale: https://app.collateralnetwork.io/register Telegram: https://t.me/collateralnwk Twitter: https://twitter.com/Collateralnwk 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.
1h ago cryptodaily
Bitcoin Price Analysis: Bulls Eyeing 30127 - 30 March 2023
BTC/USD Bulls Eyeing 30127: Sally Ho&rsquo;s Technical Analysis &ndash; 30 March 2023 Bitcoin (BTC/USD) extended its recent glide higher early in the Asian session as the pair once again tested the 28605.40 level, an important technical level associated with selling pressure that commenced at the all-time high of 69000. Stops were elected above the 27955, 28293, and 28344 levels during the appreciation, retracement levels linked to the depreciating range from 28939.68 to 26525. Technical trading activity recently emerged when BTC/USD was supported around the 26678.16 level during the depreciation, a test of the 23.6% retracement of the recent appreciating range from 19568.52 to 28937.73. As BTC/USD approaches a recent high around the 28937.73 level, bulls are increasingly eyeing the 30127.80 area, an upside price objective linked with buying pressure around the 15460 and 19568.52 levels. Following the recent appreciation, upside price objectives include the 29244.66, 29639.37, 30127.80, 30275.12, 30763.09, and 31477.37 levels. Following the ongoing appreciation, retracement levels and areas of potential technical support include the 25948, 25756, 25358, 24253, 24099, 23789, 23147, 22605, and 22198 levels. Below current price activity, downside price objectives include the 19266, 19132, 19106, 19006, 18981, 18919, 18822, 18116, 17720, 17523, 17457, 17230, and 17196 areas. Traders areobservingthat the50-bar MA (4-hourly)isbullishly indicating above the 100-bar MA (4-hourly)andabove the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 27768.01 and the200-bar MA(Hourly) at 27766.21 Technical Supportis expected around25256.83/ 24224.60/ 21753.70 withStopsexpected below. Technical Resistanceis expected around29244.66/ 29639.37/ 30127.80 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bullishly above MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: Sally Ho&rsquo;s Technical Analysis is provided by a third party, and 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.
1h ago cryptopotato
Is $30K Next For BTC Following the Most Recent Recovery? (Bitcoin Price Analysis)
Bitcoin’s price has been consolidating following the recent recovery. While the market structure has shifted bullish in the short term, there is still a key level for the price to take out to begin a new bull market. Technical Analysis By: Edris The Daily Chart: On the daily chart, it can be seen that the […]
3h ago coindesk
First Mover Americas: Bitcoin, Up 70% This Year, Rebounds Past $28K
The latest price moves in bitcoin (BTC) and crypto markets in context for March 29, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
4h ago cryptodaily
Binance BUSD Suffers $500M Outflow, Crypto Daily TV 29/3/2023
In Todays Headline TV CryptoDaily News: EU Lawmakers vote in favor of payment limits on anonymous crypto wallets. Lawmakers on two key committees in the European Parliament have voted in favor of imposing limits on payments by unverified crypto users, as part of a large scale overhaul of money laundering laws. The plans, considered alongside measures to forbid businesses from accepting large cash payments and create a new European Union Anti-Money Laundering Agency. CFTC could force Binance to cease U.S. operations. The U.S. Commodity Futures Trading Commission could require Binance to cease operations in the U.S. as part of a potential settlement. The regulator sued the crypto exchange and its founder Changpeng Zhao for allowing U.S. citizens to trade derivatives and for willful evasion of the country&rsquo;s laws. Binance's BUSD stablecoin suffers $500M outflow. Binance USD, a stablecoin pegged to the U.S. dollar, endured over $500 million in outflows in the roughly 24 hours since a U.S. lawsuit was filed against Binance and CEO Changpeng Zhao, data shows. BTC/USD gained 0.5% in the last session. The Bitcoin gained 0.5% against the Dollar in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 25747.6667 and resistance at 28717.6667. The Ultimate Oscillator is currently in the positive zone. ETH/USD skyrocketed 3.4% in the last session. The Ethereum-Dollar pair skyrocketed 3.4% in the last session. The MACD is giving a negative signal, going against our overall technical analysis. Support is at 1640.0567 and resistance at 1817.3367. The MACD is currently in the negative zone. XRP/USD exploded 9.9% in the last session. The Ripple-Dollar pair rose 9.9% in the last session after gaining as much as 10.8% during the session. The MACD is giving a positive signal, which matches our overall technical analysis. Support is at 0.4237 and resistance at 0.5164. The MACD is currently in the positive zone. LTC dropped 0.8% against USD in the last session. The Litecoin fell 0.8% against the Dollar in the last trading session. The ROC is giving a negative signal. Support is at 84.3267 and resistance at 96.1667. The ROC is giving a negative signal. Daily Economic Calendar: US MBA Mortgage Applications The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered as a leading indicator of the U.S Housing Market. The US MBA Mortgage Applications will be released at 11:00 GMT, the US EIA Crude Oil Stocks Change at 14:30 GMT, Germany's Gfk Consumer Confidence Survey at 06:00 GMT. US EIA Crude Oil Stocks Change The EIA Crude Oil stockpiles report is a weekly measure of the change in the number of barrels in stock of crude oil and its derivates, released by the Energy Information Administration. DE Gfk Consumer Confidence Survey The GfK Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity, making it an indicator of consumer spending. FR Consumer Confidence The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. The French Consumer Confidence will be released at 06:45 GMT, Japan's Foreign Bond Investment at 23:50 GMT, Japan's Foreign Investment in Japan Stocks at 23:50 GMT. JP Foreign Bond Investment The Foreign Bond Investment refers to bonds issued in a domestic market by a foreign entity in the domestic market&rsquo;s currency. JP Foreign Investment in Japanese Stocks Securities investment referrers to bonds issued in a domestic market by a foreign entity in the domestic market&rsquo;s currency. 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.
23h ago cointelegraph
How Irish farmers turn cow dung into digital gold (Bitcoin)
Tom Campbell, an Irish dairy farmer who runs a farm in County Armagh, is using excess energy from his farm to mine Bitcoin.
1 day ago cryptodaily
Cryptos Expected To Pump In 2023 - Ethereum (ETH), Orbeon Protocol (ORBN), And EOS (EOS)
The crypto industry is now seeing a considerable increase. While Ethereum (ETH) and EOS (EOS) are two unique tokens right now, analysts are more enamored by Orbeon Protocol (ORBN). This Stage 12 presale project has the potential to become a fan-favorite platform for millions of investors! Below, we'll examine each of these coins in more detail and see how they stack up against one another. Let's begin! >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< EOS (EOS) Now that the EVM is almost operational, some fascinating projects will start debuting on EOS (EOS). Cross-chain swaps will be added to the EOS (EOS) EVM thanks to the cooperation that the EOS (EOS) and Multichain revealed earlier this week. Currently, EOS (EOS) has a value of $1.12, a fall of 1% in the last day alone. Furthermore, the trading volume for EOS (EOS) has also taken a hit as it has decreased by 19% and sits at $99,743,515. With EOS (EOS) currently displaying a bearish sentiment, it could see a short-term price fall. However, bullish analysts believe EOS (EOS) will likely rise to $1.84 as soon as its technical indicators and moving averages show green. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Telegram: https://t.me/OrbeonProtocol 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 ago cryptodaily
Bitcoin Price Analysis: Bears Eyeing 26139 - 29 March 2023
BTC/USD Bears Eyeing 26139: Sally Ho&rsquo;s Technical Analysis &ndash; 29 March 2023 Bitcoin (BTC/USD) awaited fresh technical guidance early in the Asian session as the pair traded around the 27000 figure after trading as low as the 26640 area before once again testing the 27182 area, a downside price objective associated with selling pressure around the 28555 level. If recent selling pressure continues and the recent low of 26525 is absorbed, BTC/USD may test additional downside price objectives including the 26139, 25478, 24661, and 23340 levels. During the ongoing pullback, Stops were elected below the 27252.39 area, a downside price objective related to selling pressure around the 28839.68 and 28500 levels. Technical trading activity was also evident when BTC/USD was recently supported around the 26678.16 level during the depreciation, a test of the 23.6% retracement of the recent appreciating range from 19568.52 to 28937.73. Following the recent appreciation, upside price objectives include the 29244.66, 29639.37, 30127.80, 30275.12, 30763.09, and 31477.37 levels. Following the ongoing appreciation, retracement levels and areas of potential technical support include the 25948, 25756, 25358, 24253, 24099, 23789, 23147, 22605, and 22198 levels. Below current price activity, downside price objectives include the 19266, 19132, 19106, 19006, 18981, 18919, 18822, 18116, 17720, 17523, 17457, 17230, and 17196 areas. Traders areobservingthat the50-bar MA (4-hourly)isbullishly indicating above the 100-bar MA (4-hourly)andabove the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the100-bar MA(4-hourly) at 26015.26 and the50-bar MA(Hourly) at 27466.73. Technical Supportis expected around25256.83/ 24224.60/ 21753.70 withStopsexpected below. Technical Resistanceis expected around29244.66/ 29639.37/ 30127.80 withStopsexpected above. On4-Hourlychart,SlowKis Bearishly below SlowDwhileMACDis Bearishly below MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: Sally Ho&rsquo;s Technical Analysis is provided by a third party, and 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 ago cryptodaily
Top 8 ERC20 Tokens to Buy Now in 2023 - Ethereum Network Best Gems
ERC20 tokens are tokens built on the Ethereum blockchain and are standardized to ensure they are compatible with the Ethereum network. This means they can be easily integrated with other Ethereum-based applications, making them highly versatile and easy to use. But why do so many projects choose to release their tokens on the Ethereum blockchain? Well, Ethereum is one of the most popular blockchain platforms in the world, offering developers a wide range of benefits. For starters, it allows for creating smart contracts, self-executing contracts that can automate complex business processes. Additionally, Ethereum has a large and active developer community, so new tools and features are constantly added to the platform. If you're looking to invest in ERC20 tokens in 2023, then you'll want to keep an eye on some of the top projects in the space. In this article, we'll take a look at the top 8 ERC20 tokens to invest in this year. From DigiToads to Calvaria, each of these projects has something unique and is definitely worth considering for your portfolio. 1. DigiToads DigiToads is a new play-to-earn token with a toad-themed ecosystem designed to increase the passive income-earning potential of token holders. Developing a Web3 game where players can purchase, collect, and train toad NFTs as pets is one of the most exciting aspects of DigiToads. These toads can be used in battle and to climb the leaderboard rankings in exchange for the game's native currency, TOADS. At the end of each gaming season, half of the total prize pool, collected from in-game item sales, is distributed proportionally to the top 25 percent of players. Even if players don't finish in the top 25%, they still get 10% of the total prize pool. Additionally, 2% of each TOADS sale is dedicated to the staking pool, implying that players who stake their NFTs are eligible for large payouts. Notably, DigiToads are automatically burned at a rate of 2% of all TOADS transactions, resulting in a decreasing supply and increased potential for long-term appreciation for those who hold it. DigiToads presale has already raised over $340K in two weeks, so the project is truly about to make a revolution in the blockchain gaming industry. For More Information on DigiToads: Visit The Website: https://digitoads.world Join The Community: Linktr.ee/digitoads 2. ApeCoin ApeCoin is a relatively new ERC20 token developed by Yuga Labs, the creator of the Bored Ape Yacht Club and Mutant Ape Yacht Club non-fungible token (NFT) collections. APE is a governance and utility token used as the primary token in Web3 for art, gaming, entertainment, and events. Bored Apes, a collection of 10,000 unique digital artworks, has become a trademark of ApeCoin. ApeCoin is a decentralized autonomous organization (DAO) whose governance and management are handled by token holders. Therefore, all ApeCoin holders have the opportunity to join the ApeCoin DAO and have a say in how the Ecosystem Fund is distributed, as well as other governance rules, projects, and partnerships. The Ape Improvement Proposal (AIP) Process provides a methodical framework for community members to submit proposals in one of three broad categories: Core, Process, or Informational. 3. Decentraland Decentraland is a widely used metaverse platform that allows for digital advertising for blockchain-friendly brands and play-to-earn crypto games like ICE poker, virtual concerts, and more. Users can buy, sell, and manage virtual reality applications on this platform, encouraging more developers and operators to join the project's global network. The platform's original token, MANA, can be used to purchase LAND. LAND is a non-fungible digital asset stored in an Ethereum smart contract. The MANA currency serves many purposes beyond just facilitating avatar comparisons. In this online environment, users can buy land to construct, explore, and run their own businesses. 4. Uniswap Uniswap is an Ethereum-based protocol for executing decentralized exchanges. It allows users to trade any ERC-20 token without a central intermediary. Launched in November 2018, Uniswapis based on the Ethereum platform and takes advantage of its smart contracts, which carry out actions automatically once certain criteria are met. Since the protocol is freely available, anyone can use it to start new markets or participate in existing ones. The Uniswap protocol relies fundamentally on an AMM structure to facilitate trades. Instead of an order book, this model uses a mathematical algorithm to establish the value of tokens. Traders who contribute liquidity to the protocol do so by placing an equal number of two tokens into a liquidity pool, from which they receive liquidity pool tokens representing a proportional allocation of the pool's total value. In exchange for trading or holding these tokens, users gain access to a proportion of the protocol's transaction fees. 5. Maker Using the Ethereum blockchain, Maker (MKR) operates as a DAO to oversee the Maker Protocol. Dai is a stablecoin whose value is pegged to the US dollar, and it can be created on the Maker protocol, a decentralized lending platform. Using the Maker Protocol, borrowers can secure Ethereum as collateral and borrow Dai at a predetermined collateralization ratio. The system is set up to keep the value of a Dai at 1 USD at all times. MKR is the Maker protocol's token of governance. Holders of MKR can vote on proposed amendments to the protocol, such as the addition or deletion of collateral types and adjustments to the risk parameters. When the collateral value drops below the required collateralization ratio, auctions of unsecured debt are triggered, and MKR holders must participate in keeping the system stable. One of its most notable features is the Maker protocol's flexibility in accepting cryptocurrency, fiat currency, and even other stablecoins as collateral. This ensures that there are no central points of failure in the protocol and that it can continue to operate independently. All transactions and balances in Maker are public and auditable via the blockchain, adding to the protocol's credibility. 6. Yearn Finance Yearn Finance is a DeFi yield farming platform focused on helping its users maximize their cryptocurrency investment returns. Yearn Finance allows owners of ERC20 tokens to either lend out their tokens at potentially high-interest rates or stake them on the blockchain of a given project in exchange for rewards. The Yearn Finance token (YFI) is an ERC20 token unique to the platform. Its primary function is a governance token that entitles token holders to a say in which future projects the platform will support. YFI token holders are also eligible for a cut of the company's profits. A portion of the fees paid by Yean Finance users is allocated to managing the investments delivered to YFI token holders. 7. Dash 2 Trade Dash2Trade, a novel social trading and analytics tool, is another ERC20 token that deserves your attention. Its goal is to arm users with all the data they need to make educated decisions in the cryptocurrency market. Social trading, listing alerts, market news, on-chain analytics, and automated trading tools are just some of the platform's many features. Dash2Trade's native D2T token is what makes the platform work. D2T uses the Ethereum blockchain and has a maximum supply of 1 billion coins. 8. Calvaria Last but not least, we have Calvaria, an innovative crypto-card game. It is the traditional play-to-earn that allows users to earn money by competing against other users. The goal is to create a game that can bridge the gap between the "real world" and the crypto world, making it fun and approachable, and accessible on iPhone, Android, and PC. $RIA will be utilized to support the entire gaming ecosystem and awarded to tournament winners. The tokens are tradable on marketplaces and can be used to purchase virtual goods such as NFT cards. Players will also be rewarded with $eRIA (earned ria) tokens for their time and effort in the game. The $eRIA token will have utility and value in and out of the crypto community. Final Takeaway Investing in ERC20 tokens can be smart for those looking to diversify their cryptocurrency portfolios. With the wide range of benefits, the Ethereum blockchain offers, it's no surprise that many projects choose to release their tokens on this platform. The top 8 ERC20 tokens mentioned in the article offer unique features and growth potential, so diversify your portfolio and maximize your returns in the long term. To purchase DigiToads visit: https://digitoads.worldTo purchase the other tokens on this list head over to eToro or any major crypto exchange 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 ago cryptodaily
Best Cryptocurrencies For 2023: Collateral Network (COLT), Helium (HNT), And Tron (TRX)
Investors are on the hunt for the best cryptocurrencies to invest in for 2023, and three standouts are Collateral Network (COLT), Helium (HNT), and Tron (TRX). Among them, Collateral Network (COLT) is a game-changer in the world of crowd-lending. Collateral Network (COLT) facilitates lending against assets like real estate and luxury goods, offering investors a unique opportunity to diversify their portfolio. Industry experts predict that the value of Collateral Network (COLT) tokens will surge by more than 3500% over the next six months, reaching $0.35, making Collateral Network (COLT) a highly attractive investment prospect for those seeking impressive returns. >>BUY COLT TOKENS NOW>BUY COLT TOKENS NOW<< Tron (TRX) Tron (TRX) is a decentralized virtual machine that allows developers of decentralized apps (dApps) to construct and use complicated protocols using smart contracts in the native blockchain. Tron (TRX) is a trailblazer and pacesetter of the decentralized internet and is also noted for its lightning-fast transaction rates. Tron (TRX) turned into a fully decentralized DAO in December 2021. Its goal is to make the internet available to everyone. The decentralized network and encryption of Tron (TRX) make it one of the safest public chain systems. Even though the cryptocurrency market has been crazy lately, the ecosystem of Tron (TRX) had 46.6 million transactions and more than 1 million new accounts in a week. After a drop caused by the USDC de-pegging news, the total value of smart contracts went back up to $11 billion. Find out more about the Collateral Network presale here: Website: https://www.collateralnetwork.io/ Presale: https://app.collateralnetwork.io/register Telegram: https://t.me/collateralnwk Twitter: https://twitter.com/Collateralnwk 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 ago cryptopotato
XRP Continues Ripping Despite the Market Downturn, is $0.55 Coming? (Ripple Price Analysis)
After a prolonged period of consolidation, XRP has finally surged and surpassed the significant resistance level of $0.42. The overall outlook seems bullish. However, the cryptocurrency is currently facing a resistance level at its prior major swing high. Technical Analysis By Shayan The Daily Chart XRP spent an extended period of time consolidating within a […]
1 day ago cryptodaily
Nvidia Thinks Crypto Has No Social Impact
Nvidia, the computing software and hardware design firm behind what some have touted to be the cutting edge in terms of processors, has long been a key player in the world of technology. Its silicon substrate designs laid the foundation for technological innovation for over the past three decades, driving progress in various industries. Nvidia CTO Michael Kagan, however, recently expressed his belief that cryptocurrencies do not "bring anything useful for society," in an interview from The Guardian. "All this crypto stuff, it needed parallel processing, and [Nvidia] is the best so people just programmed it to use for this purpose. They bought a lot of stuff, and then eventually it collapsed, because it doesn&rsquo;t bring anything useful for society. AI does." Kagan shares. Kagan also compared crypto to AI, claiming that the uses of processing power for artificial intelligence engines were somehow more "worthwhile" than mining or computing for proof-of-work blockchains. Despite this assertion, it's essential to examine Nvidia's history and its role in supporting the development of blockchain and distributed ledger technologies, which are shaping a decentralized future. Nvidia's Silicon Legacy As a silicon manufacturer, Nvidia has been at the forefront of the tech revolution. Silicon, the second most abundant element on Earth (seventh, if we include the entire known universe), is the primary component in semiconductor materials. Its unique properties have enabled the production of integrated circuits, microprocessors, and memory chips, all of which have played a pivotal role in the digital age. The growth of silicon-based technology has spurred advancements in computing, communications, and various other industries, impacting every aspect of our lives. This also extends to how blockchain technologies were first developed from the mid-80s until the threshold moment in January 2009, which was when the genesis block for Bitcoin was mined. As technology evolves, the salient prospects of creating cohesively interlinked ecosystems and stacks is increasingly shifting toward decentralization. Blockchain and distributed ledger technologies (DLT) are key to this development, enabling greater security, transparency, and efficiency in various sectors. The rise of Bitcoin and other cryptocurrencies is just one example of how these technologies are reshaping our world. Considering the legacy of companies like Nvidia, it is vital that they continue to support and nurture the growth of decentralized technologies. While the initial software behind Bitcoin relied heavily on proof-of-work, future implementations of blockchain and DLT may require less computing power as the shift to proof-of-stake becomes more apparent in the case of Ethereum. As a leading computer hardware manufacturer, Nvidia has the potential to contribute significantly to this decentralized future. Indeed, Nvidia's mixed relationship with cryptocurrencies highlights the need for tech giants to adapt and embrace the changes driven by blockchain and DLT. Roughly two years ago, its competitors such as AMD have also begun their own initiatives into the crypto space. While their GPUs were in high demand for mining cryptocurrencies, the firm has also faced challenges, such as the enforced hashrate limitations and regulatory prompts and warnings for not disclosing the impact of crypto mining on their gaming GPUs. Crypto's Social Impact Technology pushes the boundaries of what's possible in the human imagination. It's a bit disheartening to hear of technologists such as Kagan offer a negative prospect about crypto and blockchain, which may be considered as one of the greatest innovations in recent history. While it's true that there have been challenges and inconsistencies in the crypto industry which have led to global market instability, the core technology and the ideals of freedom and financial inclusion it represents is what's important, not the individual aberrations or the prices driving people unto irrational heights. Cryptocurrencies and blockchain technology have garnered significant attention in recent years, not only for their potential to disrupt traditional financial systems but also for their wide-ranging social implications. The crypto industry is rapidly reshaping the legacy ecosystems that we've all been mired in: from banking to finance, crypto is changing the paradigm, opening its use to unbanked and underbanked demographics. With a borderless and decentralized financial ecosystem, crypto enables people without access to (or even those who prefer not to) traditional banking services to become active participants in the global economy. This fosters individual freedom and opens opportunities, especially in developing nations. In the same way, crypto and blockchain tech have also revolutionized philanthropy and social initiatives. With the use of transparent smart contracts, crypto helps ensure funds are used effectively and reach their intended recipients. Tokenization and smart contracts can also be used to facilitate innovative funding models, such as decentralized autonomous organizations (DAOs) focused on social causes. While cryptocurrencies like Bitcoin have faced harsh criticism for their energy consumption and impact, many projects in the crypto space are actively working on more sustainable solutions. It can also be leveraged to promote environmental stewardship, such as by tracking carbon emissions, enabling peer-to-peer renewable energy trading, and ensuring sustainable land management practices. It's crucial for companies like Nvidia to recognize the potential of blockchain and DLT in shaping our shared, decentralized future. By supporting and fostering these advancements, tech giants can help usher in a new era of innovation, driving progress across industries and improving the lives of people worldwide. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Opinions stated herein are solely of the author's, and hence do not represent or reflect CryptoDaily's position on the matter. The author has no influential stakes in any of the digital assets and securities mentioned, and does not have any significant hold of or own any cryptocurrency or token discussed.
1 day ago coindesk
First Mover Americas: Bitcoin Drops on CFTC’s Suit vs. Binance
The latest price moves in bitcoin (BTC) and crypto markets in context for March 28, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
1 day ago cryptodaily
Gambulls NFT Collection Set To launch In Less Than 1 Week
Gambulls, the online full licensed Web3 casino platform, is set to introduce its highly-anticipated NFT collection, Gambulls NFT Collection, on March 31st, 2023. This unique NFT collection will be available on Magic Eden, the cross-chain NFT marketplace, and the Gambulls collection will feature 6,673 different Bulls, with only seven of them being Legendaries, all based on the Polygon network. Have you secured your wishlist spot yet to get your hands on one of these exclusive NFTs? If not, you must secure a spot on Gambulls' rapidly filling whitelist on their Discord channel. Additionally, Gambulls regularly offers giveaways and updates on the minting process on their Twitter and Discord channels, both of which have seen tremendous growth leading up to the release date. The release of the NFTs aims to build a more extensive ecosystem for Gambulls and offer exclusive rewards and utilities for its users. Those rewards and utilities will be accessible through Gambulls&rsquo; sports betting arm (rakebacks, bonuses, promotions), better wagering limits (increasing the current $50 limit on spins and bonus buys), and the Turnkey process (empowering the community and their role in the decision-making aspect). Gambulls NFT owners can win weekly cash prizes in online gaming, access the engage-to-earn program, rakeback bonuses, and promotions for the Sports Betting feature that will soon be launched on the platform. The 3D Gambulls NFT collection has a limited number of 6,673 minted NFTs, including 7 Legendaries, each with varying rarities assigned to them. The value of these NFTs can be determined by how likely they are to possess certain traits, making them more collectible and desirable. Furthermore, the minted 3D Gambulls offer additional rakeback on Sports Book bets. In addition, they provide access to the upcoming engage-to-earn program that spans the entire Gambulls platform. A preview of the 2D Gambulls collection was recently shared with the community. Everyone who mints a 3D Gambulls NFT will receive a 2D Gambulls as a bonus. The 2D collection&rsquo;s artwork is very different from the 3D collection and will provide future utility to holders. The Gambulls NFT collection is a part of Gambulls' larger roadmap to create a Metaverse ecosystem that will revolutionize the online gaming experience. By utilizing NFTs, Gambulls will continually raise capital to develop its ecosystem and reinvest these funds into the community and holders by offering them incentives. The Gambulls NFT Marketplace will be developed in the future, employing three major blockchains - Ethereum, Polygon, and Solana. This marketplace will allow users to seamlessly switch between networks, explore a wide range of NFTs, and make purchases with their preferred cryptocurrencies that are network-compatible.| To achieve its vision, Gambulls intends to continually build strong relationships with its community through trust, transparency, and community support. With your MATIC tokens, grab your exclusive Gambulls NFTs and join the Gambulls Metaverse. To stay updated with the Gambulls NFT collection and other projects, join any of their channels, including Discord, Gambulls NFT page, Twitter, or Instagram. 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 ago cryptodaily
Maximize Your Profits With ProfitScraper's Advanced Algorithms
ProfitScraper is an investment platform that offers investors a steady stream of income through AI-powered algorithms that track prices of different assets across multiple CEXs and DEXs. The platform identifies price discrepancies and executes many instant transactions before the market corrects itself, thereby ensuring profitability. Investors on ProfitScraper enjoy automatic arbitrage, increased profitability, and advanced risk management. ProfitScraper offers a range of bonus programs that offer users additional earnings. The platform offers a guaranteed daily reward of 5.10% for every ProfitScraper user, and the smart contract calculates profitability from when you replenish the deposit, topping up your balance daily. Users can earn an additional 0.1% for every 100 BNB in their smart contract balance, making it a great opportunity for higher rewards. The longer you keep funds in the account without withdrawing, the more your daily earnings increase by 0.05% per day. For every 10+ BNB that users keep in their balance, they receive an additional 0.5% per day. This makes it an attractive proposition for investors who are looking to maximize their earnings. ProfitScraper also offers a referral program that allows users to earn a commission for every person they refer to the platform. The more people that users refer, the more they can earn. For every level-1 referral that refers directly to the platform, users will receive 6% of their deposit amount. For every level-2 referral that is made by level 1 referrals, users receive 3% of their deposit amount. To encourage users to refer more people to the platform, ProfitScraper introduced a weekly referral competition called the PrizePool. The top 10 referrers for the week win a share of the PrizePool, which is made up of 2% of all investments made on the platform in the previous week. Referring more people increases the chances of winning, and users can earn more every week by spreading the word and getting ready to win. In conclusion, ProfitScraper is an investment platform that offers users various opportunities to maximize their earnings. With AI-powered algorithms that facilitate automatic arbitrage, increased profitability, and advanced risk management, investors can enjoy a steady stream of income. The platform also offers bonus programs and a referral system that allow users to earn more by inviting others to join. With a user-friendly interface and 24/7 support, ProfitScraper is an excellent choice for investors of all experience levels. How to Join ProfitScraper App Register a BNB walletWe recommend creating a Metamask wallet or Trust Wallet and adding the Binance Smart Chain network to the wallet. If you already have a wallet, you can move on to Step 2! Connect your wallet to our platformYou must have BNB on the BEP-20 network to start earning on our platform. You can purchase BNB using the Binance exchange. Kindly note that the minimum deposit amount is 0.18 BNB. Once everything is ready, go to the Dashboard page. Top up your deposit and start earning from 5,1% per dayOn the Dashboard page click the Connect Wallet button. Enter the amount of funds you want to invest and click the Top up Balance button.Keep track of your bonus system to take advantage of the opportunity to earn extra money. Increase your income with the referral systemYou will find your referral link on the Dashboard page, which you can send to your friends or distribute to your community to receive 6% per referral level-1 & 3% per referral level-2.You can withdraw your daily earnings anytime or reinvest for more profit! Join our social media channels: Site: https://profit-scraper.com Support: https://t.me/profitscraper_support Whitepaper: https://profitscraper.gitbook.io/profitscraper-whitepaper/ Twitter: https://twitter.com/proffit_scraper Discord: https://discord.gg/qzzQfKjAgJ Telegram Channel: https://t.me/ProfitScraper Telegram Chat: https://t.me/ProfitScraperChat Medium: https://medium.com/@ProfitScraper 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 ago coindesk
Hacker Behind $200M Euler Attack Apologizes, Returns Millions in Ether, Dai to Protocol
The attacker sent over 7,000 ether to Euler Tuesday and seemingly apologized for their actions in a transaction message.
1 day ago cointelegraph
Euler Finance exploiter returns another $37.1M worth of ETH and DAI
The exploiter originally drained $195 million worth of ETH and tokens from the protocol but has now returned around $138 million.
2 days ago coindesk
Illia Polosukhin: Building Near's Blockchain, Embedding AI
NEAR's cofounder, a speaker at CoinDesk’s Consensus festival, is taking on Ethereum and he already boasts 25 million accounts and 446,000 daily transactions.
2 days ago coindesk
First Mover Americas: First Citizens Scoops Up Big Chunks of Silicon Valley Bank
The latest price moves in bitcoin (BTC) and crypto markets in context for March 27, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
2 days ago coindesk
Bitcoin Has Benefited From U.S. Dollar Liquidity to Support Banks: Morgan Stanley
Traders on Binance now set the daily price for BTC with the crypto exchange’s share of trading volume reaching 80%, the report said.

About Dai?

The live price of Dai (DAI) today is 0.999232 USD, and with the current circulating supply of Dai at 5,316,066,812.44 DAI, its market capitalization stands at 5,311,982,949 USD. In the last 24 hours DAI price has moved 0.035318 USD or 0.04% while 40,326,855 USD worth of DAI has been traded on various exchanges. The current valuation of DAI puts it at #17 in cryptocurrency rankings based on market capitalization.

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

Dai (DAI) is a crypto-collateralized stablecoin that claims to be the world’s first unbiased, decentralized and stable currency that can be used by any business/individual. It is soft-pegged to the US Dollar at a 1:1 ratio and is issued by MakerDAO, a Decentralized Autonomous Organization (DAO) through its Ethereum-based application called Maker Protocol.

The DAI coin was launched in 2019 by MakerDAO, and is modeled on Ethereum’s ERC-20 token standard. Since it’s pegged to the USD, DAI remains shielded by the general volatility of the crypto market. Unlike other well-known stablecoins like USDT, USDC and BUSD which are fairly centralized and backed by traditional assets like cash, corporate bonds, US treasuries and commercial papers, DAI is a truly decentralized stablecoin, entirely backed by crypto assets. 

The fact that it’s managed by a DAO through its governance token (MKR), brings a lot of uniqueness to DAI. The continuous development of DAI is overseen collectively by MakerDAO and Maker Protocol, both of which are democratically governed by participants of the Maker ecosystem through their MKR coin holdings. The stablecoin has grown by leaps and bounds since launch to feature among the top stablecoins by market cap.

DAI price

As DAI coin is pegged to the USD, DAI price has mostly stayed in the vicinity of $1 since its launch. That said, it has occasionally drifted away from that level owing to changes in demand and supply. When DAI coin’s demand is high and supply is low, DAI price has a tendency to hover above the $1 mark, and vice versa. As DAI is issued on-demand, it doesn’t have a fixed maximum supply. Hence, DAI’s fully diluted valuation also keeps changing from time to time.

According to our DAI live price chart, DAI price reached an all-time low of $0.90 on Nov 25, 2019. Since DAI price has an inverse relationship with the broader crypto market, it peaked at an all-time high of $1.22 on March 13, 2020, when the market was reeling under bearish pressure and people were moving their investments to more stable assets. It has since stabilized and has been range-bound within $0.99 and $1.01.  

How DAI works

DAI coins are minted by depositing Ethereum-based crypto assets as collateral into the Maker Vaults (Ethereum-based smart contracts), managed by the Maker Protocol application. The collateralization ratio varies depending upon the deposited asset. For example, it’s 175% for MANA tokens (of Decentraland), while only 101% for GUSD (Gemini Dollar). Although this is the main way of acquiring the DAI coins and bringing them into circulation, a large number of people simply buy DAI from crypto brokerage and exchange platforms or receive them as payment from others. 

DAI issuance through Maker Protocol works quite like a loan. The minted DAI coins are burnt and removed from the circulating supply whenever anyone repays their loan. Only a tiny percentage of DAI which is collected as interest makes its way back into the market.

Once you have DAI coins in your possession, you can use them like any other cryptocurrency, or more specifically any ‘stablecoin’: as a storage medium to hedge against the crypto market’s volatility, to pay for goods and services, to earn interest and/or use as a standardized measurement of value. 

Being an ERC-20 token, DAI coin inherits all the security features of the Ethereum blockchain. According to MakerDAO’s official website, more than 400 apps and services, including DeFi platforms, games, wallets and more, have already integrated DAI into their offerings.

DAI news, updates and highlights

In Dec 2021, Coinbase, the largest cryptocurrency exchange in the US, announced via a blog post that it had opened DeFi (Decentralized Finance) services for customers interested in earning high yields from their DAI coin deposits. Coinbase collaborated with Compound protocol in this regard, and facilitated easy DeFi lending with DAI, allowing DAI coin holders to earn handsome yields without any fees, set-up hassles or lockup restrictions.

In another noteworthy DAI news, in April 2022, MakerDAO successfully deployed on a Layer-2 zero-knowledge Ethereum scaling blockchain called StarkNet. The integration is intended to help improve DAI stablecoin’s multi-chain capabilities by increasing its transactional throughput and reducing transaction costs.

Frequently asked questions about DAI

  • Can you mine DAI coins?

It’s not possible to mine DAI coins. You can borrow them in exchange for crypto deposits (on MakerDAO portal) or buy them in the market. 

  • What are some of the best DAI wallets?

DAI can be stored in any ERC-20 compatible crypto wallet, including Ledger, Trezor, Trust Wallet and Atomic Wallet.

  • What can I do with DAI coins?

You can use your DAI coins as a store of value or means of payment. They can be lent as well, through popular DeFi services, to earn interest.

  • How can you buy DAI?

You can buy DAI coins from established crypto exchanges, either with fiat currency, or with crypto, using trading pairs like DAI/BTC, DAI/USDT, DAI/ETH or DAI/USDC.

Dai Price0.999232 USD
Market Rank#17
Market Cap5,311,982,949 USD
24h Volume51,959,570 USD
Circulating Supply5,316,066,812.44 DAI
Max Supply1,583,173,993 DAI
Yesterday's Market Cap5,317,221,098.60 USD
Yesterday's Open / Close0.964397 USD / 0.999715 USD
Yesterday's High / Low1.0012 USD / 0.96271 USD
Yesterday's Change
0.04% ( 0.035318 USD )
Yesterday's Volume40,326,855.07 USD
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