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Dai(DAI)

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$0.999755
(-0.04%)
0.00005826 BTC
Market Cap (Rank#12)
$5,871,661,101
342,142 BTC
Vol 24h
$42,045,485
2,450 BTC
Circulating Supply
5,873,102,009.78
Max Supply
1,583,173,993
2h agocryptodaily
Sweply Announces a New Strategy with Multiple Industry Sector Focus and Its Token's Sale Seed Round Now Live
Sweply, an innovative and revolutionary Web 3.0 technology company, plans to be a cut above the competition and quickly grow within digital marketing, fintech, blockchain technology, and the metaverse. The company offers a centralized system and automated processes enabling a smooth and seamless user experience. Sweply will deliver users a complete experience at the top of the charts in 2023. By using a new strategy, the company will provide users with high-level products and low costs. And through the new user-centric approach, the platform will allow individuals to simultaneously build, manage and expand their advertising campaigns across several platforms. Yet another surprise Sweply comes with is the seed round sale for the $SWPLY token, which is currently taking place. The Sweply strategy and ecosystem Sweply’s strategy for 2023 focuses on four major industries: digital marketing, fintech, blockchain technology, and the metaverse. The four-pronged approach with the ecosystem consisting of Sweply Ads, Sweply Dash, Sweply Pay, and Sweply Pad provides better functionality. It represents a versatility to the project that no other company has. The Sweply ecosystem brings together: Sweply Ads is a system geared to assist everyone from small and medium-sized businesses (SMEs) to e-commerce companies and crypto projects. The first version is already live, offering API integration with the advertising platforms on Google, Twitter, Snapchat, Meta, and Tiktok. Sweply Dash is designed to be a marketplace for real estate & Metaverse working on a global scale, thus giving renters a wide choice of properties to choose from. The simple and effective interface is designed to ensure that all renters looking for their ideal property will find exactly what they’re looking for. Sweply Pay was created based on the need for payments and cryptocurrency transfers to be swift and secure. Individuals will be able to make payments and exchange cryptocurrencies quickly and securely. Sweply Pad is the launchpad that allows new projects to raise the necessary capital to grow while also giving early-stage investors safety and security. Moreover, Sweply includes its token, $SWPLY, created to “fight” the abundance of fly-by-night meme tokens. The team at Sweply is focusing on building long-term growth and providing genuine value in the marketplace. It has a Max supply of 300,000,000 and is built on the Ethereum ERC20 blockchain. Meet the company Sweply is a web 3.0 technology company that focuses on educating and fully supporting its users, allowing them to unlock opportunities while maximizing results. The platform is built to serve all types of users, such as business owners, e-commerce companies, small & medium businesses, and cryptocurrency projects. The transparency that is given in both Sweply along with its various products is second to none. The team at Sweply believe people deserve to know the company's ins and outs and any projects they are involved in. They are keen to build a strong community around the project, so they are organizing a $37,500 giveaway competition. Contact More information is available on the official Sweply website and their social media profiles, Twitter, or Telegram. 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.
2h agocryptodaily
Coinbase Expects 50% Drop In Revenue, Crypto Daily TV 9/12/2022
In Todays Headline TV CryptoDaily News: Coinbase CEO confirms 50% decline expectations in revenue. Coinbase Global CEO Brian Armstong said the company’s revenue would be half or less what it was last year as the crypto exchange struggles amid stark price drops in cryptocurrency prices and continuing ripple effects from multiple bankruptcies this year, including the recent collapse of rival exchange FTX. Slowing crypto startup funding may still surpass 2021 record. Research firm Pitchbook said that total funding at crypto startups this year is set to exceed investments in 2021. However, the pace of capital deployment is slowing as a series of crypto blowups sapped private equity investment appetite. Celsius bankruptcy judge orders return of some crypto assets to customers. A U.S. bankruptcy judge ruled that some crypto lender Celsius Network customers should receive their deposits back, giving relief to a relatively small group of customers whose deposits were never commingled with other Celsius funds. BTC/USD exploded 2.1% in the last session. The Bitcoin-Dollar pair skyrocketed 2.1% in the last session. The Stochastic-RSI indicates an overbought market. Support is at 16483.3333 and resistance at 17317.3333. The Stochastic-RSI is signalling an overbought market. ETH/USD skyrocketed 3.8% in the last session. The Ethereum-Dollar pair rose 3.8% in the last session after gaining as much as 4.7% during the session. The Stochastic indicator is giving a negative signal. Support is at 1188.3567 and resistance is at 1296.5167. The Stochastic indicator is currently in the negative zone. XRP/USD skyrocketed 2.4% in the last session. The Ripple-Dollar pair skyrocketed 2.4% in the last session. The Ultimate Oscillator gives a positive signal. Support is at 0.3656 and resistance at 0.4011. The Ultimate Oscillator is currently in positive territory. LTC/USD skyrocketed 1.1% in the last session. The Litecoin-Dollar pair skyrocketed 1.1% in the last session. The Stochastic indicator is giving a negative signal. Support is at 73.351 and resistance at 82.131. The Stochastic indicator is currently in the negative zone. Daily Economic Calendar: FI Industrial Output The Industrial Output shows the production volume of industries, i.e., factories and manufacturing. Finland's Industrial Output will be released at 06:00 GMT, the Austrian Industrial Production at 08:00 GMT, and the US Producer Price Index at 13:30 GMT. AT 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 Producer Price Index The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all states of processing. US Michigan Consumer Sentiment Index The Michigan Consumer Sentiment Index is a survey of consumer confidence in economic activity, making it an indicator of consumer spending. The US Michigan Consumer Sentiment Index will be released at 15:00 GMT, the UK's Consumer Inflation Expectations at 09:30 GMT, and the UK's CFTC GBP NC Net Positions at 20:30 GMT. UK Consumer Inflation Expectations The Consumer Inflation Expectation presents the consumer expectations of future inflation for the next 12 months, which may influence rate decisions. 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. 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.
3h agocryptodaily
DeFi and Web3 are Broken. Developers Can Fix it Using Blockchain 
Web2 and Web3 are similar technologies, but developers approach challenges differently. Web2 focuses on reading and writing content, whereas Web3 focuses on creating content. The latter utilizes blockchain technology to facilitate user information exchange and enhance security. Around 20,000 smart contract developers work full-time in DeFi and Web3, but it's a small number of the 27 million developers globally. At the same time, the number of Unique Active Wallets interacting with blockchain applications reached an average of two million per day. Still, compared to Web2 app Instagram’s 500 million daily active users and 4.2 billion likes per day - blockchain apps fight to onboard users. Ethereum and its Solidity programming language have long been the go-to choice for DeFi developers building financial services on the blockchain. However, DeFi on Ethereum has seen over $285m in hacks; the rewards could be more fairly shared, and Ethereum continues to be congested and expensive. These issues cause developers to hurry to alternatives like NEAR, Avalanche, and Solana to offer financial services. But unfortunately, they also spend countless hours ensuring their decentralized application is secure, only to wake up and realize bad actors drained millions of dollars of users' funds. At the same time, business leaders search the earth for people with the skills needed to build smart contracts and do whatever it takes to find users prepared to put up with the inferior user experiences presented by DeFi apps. Only to be further capped by network congestion and fees. As we rapidly enter the Web3 era, where value and data quickly move across decentralized platforms with distributed ownership and authority, entrepreneurs and developers need the tools to craft ideas and build quickly, easily, and safely. Moreover, if DeFi is to ever scale beyond crypto natives, developers in Web3 need standardized tools to build applications with user experience at the core. The argument for better DeFi Consumer saving and spending arguably power the world. As a result, we, the little guys, control the most critical parts of the global economy and financial system. The internet was all about information, but DeFi is about money - and in a world where cash is power, DeFi flips the model on its head. Most people these days spend and save using a bank, limited by regulatory compliance and further legacy issues. Web3 gives rise to a new way of doing things. New financial products built using smart contracts allow consumers to move between providers in seconds, all from the comfort of a mobile device. DeFi also creates more competition for building financial products by lowering the barrier to entry, sharing a user base between applications, and letting money move instantly and seamlessly between opportunities. The argument is that decentralized financial programs like Aave, Uniswap, and MakerDAO can directly control assets and allow financial products to operate 24/7, all year round, with 100% uptime and no staff, which will be appealing to end-users if presented in the right way. Sticky points Arguably the end-user experience of most decentralized apps leaves much to be desired. Blockchain wallets and asset custody, alongside a complex web of transactions and signatures, await beginners, while hardened veterans navigate the space with caution, often making mistakes. At the same time, according to DeFi Lama’s hack rankings, more than $700m was siphoned out of the crypto space in malicious attacks from the start of October 2022 to date. So if DeFi is to succeed, users must be able to trust and use the services offered in an intuitive, familiar, almost Web2 way. For that to happen, blockchain platforms must provide more incentives for Web2 developers and pioneers to leave a familiar world and embrace Web3. These incentives don't need to be financial but provide builders with the tools to deliver stunning products. Executives at tech giants like Google, Facebook, and Amazon will likely lead the way, leaving high-profile jobs at market-leading brands to take positions in the promising blockchain space. Polygon and Circle have hired top talent from tech firms, enticing them with the angle of working on the next big thing in Web3. Further Silicon Valley talent heading for crypto includes Sherice Torres, the former Chief Marketing Officer of Facebook’s crypto and payments team, Novi. At the same time, Amazon Cloud executive Pravjit Tiwana joined Gemini as its Chief Technical Officer. Add to this a series of mass layoffs in the tech sector, including Twitter, Amazon, and Meta’s dismissal of thousands of workers amidst the highest rates of global inflation seen for decades. This creates an incredible opportunity for businesses that previously wanted to expand their tech and payment capabilities but couldn’t because of the shortage of talent available. As a result, blockchain firms can now compete with recruiters from Silicon Valley for the brightest minds with a track record of taking products to market. Arguably, there has never been a better time to think about leaping into Web3 and DeFi development as more powerful tools, and no code solutions come online for those with a solid programming foundation. Playing around proves useful Gaming, and more importantly, the Unity game engine, led the way regarding the standardization of tools needed to build games. It gave game developers rendering and basic physics engines from which to build—altogether simplifying the process, lowering the barrier to entry, and making way for innovation and healthy competition. As a result, games got more complex while libraries of reusable art and in-game items became available for other developers to use creatively. As a result, developers, entrepreneurs, and users rushed in. With this straightforward invention of an engine and powerful tools, gaming grew bigger than music, TV, and film combined to become a billion-dollar industry. Ethereum has by far the most developers in the space, and according to DappRadar, more than 3500 dapps currently run from its smart contracts. The network is also the layer for many cryptocurrencies and blue-chip NFTs. However, as discussed earlier, Ethereum is no longer the sole player in smart contracts and Web3 development. Moreover, Ethereum doesn't offer developers plug-and-play solutions to build dapps. Instead, developers tend to fork existing applications, as was the case for Sushiswap, a fork of Uniswap. In this scenario, developers often take the bad UX from the forked application, choosing not to improve it. Ethereum is simply an industry-standard choice. However, as MySpace fell from its once high perch, and as competition increases and developers focus on end-users, other networks deliver solutions that entice Web2 builders to leap. There are solutions One blockchain stack applying the plug-and-play model outlined by Unity to decentralized finance and Web3 is Radix. The company, with its roots in the United Kingdom, has been working to deliver seamless DeFi for a decade and showcased its Radix Engine, which promises to be the Unity engine of DeFi, at an event called RadFi, where CEO Piers Ridyard laid bare the inefficiencies of DeFi. “Right now, crypto, DeFi, and Web3 are just one big glorified tech demo. For everyday people to use it, we've got to improve it radically.” Piers Ridyard, CEO of Radix At the virtual Keynote event, CEO Piers Ridyard also said what differentiates Radix is the fundamental shift in how the platform is built. The network features the world’s first programmable DeFi engine that takes concepts such as tokens and vaults and makes them native and fully interoperable. In addition, there’s a catalog of tools and pre-made solutions where Web2 developers can find helpful building blocks. The Radix engine promises to remove all the complex, low-level work that Web3 and DeFi developers spend 80% of their time on other platforms. Creating a programming language specifically for Web3 and DeFi called Scrypto, Radix hopes to tempt millions of Web2 developers into Web3. But, more importantly, provide them with a soft landing and the ability to build scalable DeFi products. Radix also claims they studied how bad actors were hacking applications built on public networks like Ethereum. For example, events such as reentrancy attacks, spend approval attacks, or signature manipulation attacks have cost the Ethereum ecosystem millions. The Radix Engine makes many of these attacks impossible, prioritizing asset security as a primary network operation, not an afterthought. Another Layer-1 blockchain trying to simplify the developer building process is Fuse Network, with its Charge product and Fuse Cash wallet. Charge takes a drag-and-drop approach to DeFi and payment infrastructure, partnering with ecosystem allies and matching them to build on their no-code platform. With a close focus on everyday payments and DeFi, Fuse and Radix are just a few of many teams out there trying to entice Web2 developers to embrace crypto and DeFi by helping them provide an experience similar to that of Web2 without investing years of study. Focus where it matters User experience in DeFi and decentralized apps has arguably suffered as brilliant people worked on the wrong problems. Successful Web3 developers may focus on pushing the boundaries of blockchain technology and the inner workings of finance and tokenomics. Still, it comes at the expense of genuinely usable applications that the mainstream user could adopt and feel safe using. Solutions like the Radix Engine could profoundly affect the industry and attract Web2 developers to build mobile-first, user-friendly applications delivering DeFi and crypto solutions. In addition, Web2 developers bring a wealth of user onboarding and knowledge that could hold the key to the mass adoption of decentralized applications. With tools becoming available Web2 developers can tap into battle-hardened code, spend less time on day-to-day app maintenance and security, and allocate resources to building beautiful applications that work, gain traction, and deliver a smooth user experience. In addition, web2 developers can join and complement the work already done by leading blockchain teams while not having to risk learning complex new programming languages. Another thing that attracts Web2 developer talent from big tech companies to Web3 is money. According to data from Blind, a social network for professionals, Coinbase offers as much as $900,000 a year for software engineers. At the same time, the average salary for Web3 developers ranges between $75,000 and $200,000. 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
6h agocryptopotato
Bitcoin Tops $17K as Crypto Market Cap Eyes $900 Billion (Market Watch)
Crypto markets bounce in today's trading session as BTC charts a 3.5% increase from daily lows to local highs.
8h agocointelegraph
Bitcoin price targets stretch to $19K as BTC jumps 4% from daily lows
Bitcoin retains $17,200 after an overnight squeeze takes BTC price action to within reach of one-month highs.
16h agocoindesk
Crypto Markets Today: Record Grayscale Bitcoin Trust Discount Widens Industry Woes
The fallout from crypto exchange FTX’s implosion continued as data showed the GBTC discount rate to bitcoin hitting a record high. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.
23h agocryptodaily
Bitcoin Price Analysis: 16960 Pressure Tested - 9 December 2022
BTC/USD Tests 16960 Technical Resistance: Sally Ho’s Technical Analysis – 9 December 2022 Bitcoin (BTC/USD) looked to add to marginal gains early in the Asian session as the pair appreciated to the 16959.63 level after buying pressure emerged around the 16738 area, with the intraday high representing a test of the 23.6% retracement of the recent appreciating range from 15460 to 17424.59. Stops were elected below the 16877 and 16708 levels during the recent pullback, representing the 38.2% and 50% retracements of the recent appreciating range from 15992.64 to 17424.59. Additional downside retracement levels in these recent appreciating ranges include the 16539, 16442, 16330, 16299, 16210, 15923, and 15880 levels. If recent downside momentum accelerates, traders may test recent two-year lows around the 15460 level established after Stops were elected below the 15512 area, a previous relative low that represented an exact bearish price objective based on selling pressure that strengthened around the 21478.80 and 18495.50 areas. Associated downside price objectives below current price activity include the 13369, 8837, and 7538 levels. Technicians continue to eye the 14500.15 and 10432.73 areas as major downside targets, and additional downside price objectives include the 14613, 10727, and 9682 levels, areas that are related to selling pressure that intensified around the 20894.96 and 18495.50 areas. If BTC/USD is able to resume its upward trajectory, upside areas of potential technical resistance and selling pressure include the 17791, 18495, 19199, 20070, and 20201 levels. Traders areobservingthat the50-bar MA (4-hourly)isbearishly indicating below the 200-bar MA (4-hourly)andabove the100-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 16991.83 and the50-bar MA(Hourly) at 16887.11. Technical Supportis expected around14500.15/ 13369.11/ 10727.75 withStopsexpected below. Technical Resistanceis expected around18495.40/ 19199.48/ 20070.64 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bearishly below MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: Sally Ho’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 agocryptodaily
Three Cryptos To Trigger the Next Bullrun: Orbeon Protocol (ORBN), Litecoin (LTC), and Ethereum (ETH)
It's no secret that the cryptocurrency market is in a bear run. However, this doesn't mean that all cryptocurrencies are doomed. In fact, there are three specific cryptos that have the potential to trigger the next bull run: Orbeon Protocol (ORBN), Litecoin (LTC), and Ethereum (ETH).Orbeon Protocol (ORBN) is already seeing a surge in prices during phase 2 of the public presale and prices are currently up 525% since its initial release. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Ethereum (ETH) Ethereum (ETH) is a cryptocurrency that completely changed the game. Ethereum (ETH) was not just a currency, but a platform for building decentralized applications and smart contracts. This enabled developers to create new protocols to transact their digital assets without the need for middlemen or third-party gateways. Ethereum (ETH) has experienced strong growth since its inception in 2015, with its current market capitalization surpassing $150 billion. This growth can be attributed to the increasing number of decentralized applications being built on top of Ethereum (ETH). But with such a larger market cap, how can Ethereum (ETH) possibly trigger a bull run? The answer lies in the upcoming Ethereum 2.0 upgrade, which is expected to reduce transaction fees and speed up transaction times. As companies shift their focus to blockchain technology, Ethereum (ETH) could see a surge in prices as the demand for its blockchain technology rises. This could be the spark that sets off a bull run across the entire crypto market. 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 agocoindesk
First Mover Americas: Mr. Bankman-Fried Must Go to Washington
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 8, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
1 day agocryptodaily
Casinos Blockchain Provides Important Statistics About Crypto Gambling & Analyses Its Future
CasinosBlockchain.io has prepared a helpful assortment of the most recent Bitcoin casino statistics through which readers can learn how many crypto casinos are available, how much Bitcoin gamblers have already wagered, and plenty more relevant information regarding this popular industry. Moreover, Casinos Blockchain analyzes the future of crypto gambling and answers a few FAQs to make sure readers know everything there is to know about Bitcoin casinos before getting involved, including both the risks and benefits. What are some of the top Bitcoin casino statistics? Gambling has been a popular way to pass the time for many centuries, and it is no different today. However, thanks to the advent and subsequent implementation of innovative technologies like cryptocurrencies, &lsquo;Bitcoin gambling&rsquo; has become exceedingly popular to the point that since 2014, players have actually wagered over $4.5 billion in Bitcoin to date. The global casino industry itself is worth more than $231 billion as of the time of this writing. Moreover, approximately 60% of all Bitcoin transactions are related to gambling in some way, shape or form. What is even more mindblowing is that crypto gamblers place 337 bets every single second, and that these gamblers bet $3 million worth of crypto on a daily basis. The most popular cryptocurrencies for gambling purposes were observed to be Bitcoin and Ethereum, although these are not the only choices that gamblers have as using other altcoins like Litecoin may yield better results. Why does this matter? Despite the fact that land-based casinos and casino resorts suffered significant setbacks as a result of the pandemic and other factors such as inflation, the gambling sector as a whole nevertheless continued to thrive as a substantial portion of players made the shift to online gambling. Furthermore, the casino market is predicted to grow in the coming years. To that end, the revenue of brick-and-mortar casinos in the United States is expected to increase year on year from 2021 to 2024 and experts view this is a key indicator of the projected growth for the casino market. It should be mentioned that although online casinos are becoming more popular on a global scale, it will surely take some time before they become as popular in the United States, given that many states in the country have yet to legalize online casinos and a sizable portion tend to operate without a license. Nevertheless, Straits Research predicts that the global online gambling market will reach $153 billion by the end of 2030, growing at a CAGR of 11.7% during the analysis period. Outside of the United States, Europe has the biggest market share, and it is expected to grow at a 12% CAGR between 2021 and 2030. In addition, the Asia-Pacific region is expected to grow faster than Europe, with a CAGR of 12.8%, and to reach $50 billion by 2030. Where does crypto fit into all this? Crypto gambling is leading the way in the online gambling industry. Of course, Bitcoin can be used for other purposes like buying NFTs, cars, real estate, and even insurance. Still, the majority of Bitcoin transactions take place in crypto casinos. The most recent Bitcoin gambling statistics therefore indicate that interest in crypto gambling is growing as players continue to prefer cryptocurrencies such as Bitcoin, Ethereum, and Litecoin over traditional fiat currencies. Although exact figures are difficult to obtain, the global crypto gambling market is estimated to be worth a quarter of a billion dollars by Crypto Wisser. Moreover, as the amount of hybrid casinos grows, the global crypto gambling market is similarly expected to grow in value over time and as an increasing number of people and businesses adopt crypto which many big names like Microsoft, PayPal, Home Depot, and Starbucks already have. Crypto gamblers placed just about three billion crypto-based bets in the first quarter of 2021, according to the most recent Bitcoin casino statistics for 2022. During the same time period, the quantity of these bets increased by 116% to reach over six billion. In fact, within the first quarter of 2022, cryptocurrencies accounted for approximately 36% % of all bets in general. Most crypto gamblers also prefer to play on their smartphones due to the portability aspect. Is crypto gambling safe and where does it go from here? Provably fair games are available at approximately 77.6% of crypto casinos. These games enhance the transparency of crypto casinos which is in stark contrast to traditional casino games, as a provably fair game enables users to verify the outcome of each hand or round played. As a result, provably fair games are frequently preferred among crypto gamblers who value safety and transparency. Also, casino operators can use blockchain technology to access features that are not available in traditional casinos. For instance, crypto casinos could operate at lower costs, with improved security, and with faster withdrawal speeds, just to name a few advantages. The best part about crypto gambling, however, is that blockchain technology has a lot of untapped potential. With all the interest surrounding other emerging technologies nowadays such as NFTs, the metaverse, VR and AR, the sky could well and truly be the limit for this immensely popular industry. For more information and regular updates, visit CasinoBlockchain&rsquo;s official website, blog and helpful guides. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1 day agocryptodaily
Signature Bank Moving Away From Crypto? Crypto Daily TV 8/12/2022
In Todays Headline TV CryptoDaily News: Signature Bank to reduce crypto-tied deposits by as much as $10 billion. Signature Bank will shrink its deposits tied to cryptocurrencies by $8 billion to $10 billion, signaling a move away from the digital asset industry for the bank that until recently had been one of the most crypto-friendly companies on Wall Street. Early bitcoin pioneer Ian Freeman goes to trial in New Hampshire. Federal prosecutors say early bitcoin pioneer and Libertarian activist Ian Freeman and a group of his associates helped scammers and other criminals launder more than $10 million using bitcoin through a network of bitcoin vending machines and in-person and virtual cash-for-bitcoin trades from 2016 until their arrests in 2021. Marathon to recover less than half of the deposit from Compute North. Marathon Digital, one of the largest publicly traded bitcoin miners, expects to recover only $22 million of the $50 million it deposited with bankrupt bitcoin miner and data center provider Compute North. BTC/USD dove 1.4% in the last session. The Bitcoin-Dollar pair plummeted 1.4% in the last session. The Stochastic indicator gives a negative signal, which matches our overall technical analysis. Support is at 16848.6667, and resistance is at 17232.6667. The Stochastic indicator is giving a negative signal. ETH/USD plummeted 3.3% in the last session. The Ethereum-Dollar pair dove 3.3% in the last session. The RSI is giving a negative signal. Support is at 1232.7567, and resistance is at 1293.2367. The RSI is currently in the negative zone. XRP/USD plummeted 2.2% in the last session. The Ripple-Dollar pair plummeted 2.2% in the last session. The Stochastic indicator is giving a negative signal. Support is at 0.3766, and resistance is at 0.3997. The Stochastic indicator is giving a negative signal. LTC/USD plummeted 3.9% in the last session. The Litecoin-Dollar pair dove 3.9% in the last session. The ROC gives a negative signal. Support is at 75.9133, and resistance is at 83.6733. The ROC gives a negative signal. Daily Economic Calendar: US Continuing Jobless Claims The Counting Jobless Claims measures the number of individuals who are unemployed and are currently receiving unemployment benefits. The US Continuing Jobless Claims will be released at 13:30 GMT, Japan's Eco Watchers Survey: Outlook at 05:00 GMT, and the UK's RICS Housing Price Balance at 00:01 GMT. JP Eco Watchers Survey: Outlook The Eco Watchers Survey closely monitors regional economic trends. The survey is considered basic material for assessing short-term economic trends. UK RICS Housing Price Balance The RICS Housing Price Balance survey presents housing costs. It shows the strength of the housing market. NL Consumer Price Index The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services. The Dutch Consumer Price Index will be released at 05:30 GMT, Australia's Exports at 00:30 GMT, and Australia's Trade Balance at 00:30 GMT. AU Exports The Exports measure the local economy's total exports of goods and services. Steady demand for exports helps to support growth in the trade surplus. AU Trade Balance The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit. 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 agocoindesk
Crypto Markets Today: Gensler Restates SEC’s Crypto Authority
The chairman said the agency has the basic disclosure and governance requirements to hold digital-asset firms accountable, although he did not address the fallout from crypto exchange FTX’s collapse. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.
1 day agozycrypto
Axie Infinity Tops Gainers as Metaverse, P2E Tokens Lead Crypto Recovery
Axie Infinity (AXS), an NFT online video game and cryptocurrency, has gained 21% in the last seven days to become the top gainer, trading at $8.49 at press time. The uptrend has pushed the market cap of the play-to-earn crypto to $853 billion. Currently, the daily trading volumes stand at $389 million (an increase of […]
1 day agocryptodaily
Bitcoin Price Analysis: 16708 Support Tested - 8 December 2022
BTC/USD Tests 16708 Technical Support: Sally Ho&rsquo;s Technical Analysis &ndash; 8 December 2022 Bitcoin (BTC/USD) continued to moderate early in the Asian session as the pair moved higher after trading as low as the 16679.52 level, representing a test of the 38.2% retracement of the recent appreciating range from 15460 to 17424.59. Stops were elected below the 16877 and 16708 levels during the pullback, representing the 38.2% and 50% retracements of the recent appreciating range from 15992.64 to 17424.59. Additional downside retracement levels in these recent appreciating ranges include the 16539, 16442, 16330, 16299, 16210, 15923, and 15880 levels. If recent downside momentum accelerates, traders may test recent two-year lows around the 15460 level established after Stops were elected below the 15512 area, a previous relative low that represented an exact bearish price objective based on selling pressure that strengthened around the 21478.80 and 18495.50 areas. Associated downside price objectives below current price activity include the 13369, 8837, and 7538 levels. Technicians continue to eye the 14500.15 and 10432.73 areas as major downside targets, and additional downside price objectives include the 14613, 10727, and 9682 levels, areas that are related to selling pressure that intensified around the 20894.96 and 18495.50 areas. If BTC/USD is able to resume its upward trajectory, upside areas of potential technical resistance and selling pressure include the 17791, 18495, 19199, 20070, and 20201 levels. Traders areobservingthat the50-bar MA (4-hourly)isbearishly indicating below the 200-bar MA (4-hourly)andabove the100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the100-bar MA(4-hourly) at 16651.77 and the200-bar MA(Hourly) at 16909.81. Technical Supportis expected around14500.15/ 13369.11/ 10727.75 withStopsexpected below. Technical Resistanceis expected around18495.40/ 19199.48/ 20070.64 withStopsexpected above. On4-Hourlychart,SlowKis Bearishly below SlowDwhileMACDis Bearishly below MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBearishly below 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.
2 days agocryptodaily
Analysts favor Orbeon Protocol (ORBN), Ethereum (ETH) and Algorand (ALGO) for 2023
Cryptocurrencies are experiencing unprecedented volatility as of late, with Ethereum (ETH) and Algorand (ALGO) both seeing notable price fluctuations. With so much invested in these digital assets, it&rsquo;s crucial to have a solid understanding of the current volatility, and what tokens like Orbeon Protocol (ORBN) have to offer, and what might make it a better investment option, such as ORBN&rsquo;s forecasted 6000% growth. In this article, we will discuss the status of Algorand (ALGO), Ethereum (ETH), and Orbeon Protocol (ORBN), and what their future might look like. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Orbeon Protocol (ORBN): A profitable investment for long-term and short-term A growing number of people are getting in on the rising popularity of Orbeon Protocol (ORBN). Orbeon Protocol (ORBN) is a new entrant to the world of cryptocurrencies and NFTs. With Orbeon Protocol (ORBN), even a $1 can be used to make an investment in a promising startup. As a decentralized investment platform, Orbeon Protocol allows startups to mint and issue fractionalized, equity-backed NFTs for as little as $1. Everyday investors can purchase these as a form of investment in the growing startup. This allows anyone to access the previously-gated venture capital industry. At the time of writing, ORBN can be purchased for $0.021. Investors of Orbeon Protocol (ORBN) can anticipate a return of around 6000% if the token's price reaches $0.24 by the time of launch. Those looking for high returns, both short-term and long-term, should invest in Orbeon Protocol (ORBN) to make the most out of their investments. 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.
2 days agocoindesk
First Mover Americas: Grayscale in Investor's Crosshairs
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 7, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
2 days agocryptodaily
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About Dai

The live price of Dai (DAI) today is 0.999755 USD, and with the current circulating supply of Dai at 5,873,102,009.78 DAI, its market capitalization stands at 5,871,661,101 USD. In the last 24 hours DAI price has moved -0.000344 USD or -0.00% while 44,244,600 USD worth of DAI has been traded on various exchanges. The current valuation of DAI puts it at #12 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 Price0.999755 USD
Market Rank#12
Market Cap5,871,661,101 USD
24h Volume42,045,485 USD
Circulating Supply5,873,102,009.78 DAI
Max Supply1,583,173,993 DAI
Yesterday's Market Cap5,862,805,000 USD
Yesterday's Open / Close0.999799 USD / 0.999455 USD
Yesterday's High / Low1.003 USD / 0.997671 USD
Yesterday's Change
0.00% ( 0.000344 USD )
Yesterday's Volume44,244,600 USD
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