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eCash(XEC)

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$0.000039
(-10.84%)
0.1787 SAT
Market Cap (Rank#68)
$746,823,607
34,220 BTC
Vol 24h
$2,606,117
119.414 BTC
Circulating Supply
19,145,823,423,303
Max Supply
21,000,000,000,000
22h agocryptodaily
W3 Storage Lab Raises $3m in Pre-seed Round
Sunnyvale, CA, 18th August, 2022, ChainwireSoftware Developer to Create a Suite of Killer dApps that Leverage Next-Generation Protocol and Marketplace for Decentralized Storage W3 Storage Lab, a Web3 decentralized application company, announced that it closed a pre-seed financing round of $3M. The round was co-led by Draper Dragon and OKX Blockdream Ventures with major participation from Lingfeng Capital and participation from other investors. Proceeds from the round will be used to grow its global team and fund operations. W3 Storage Lab has co-developed a next-generation distributed storage ecosystem that is based on the public blockchain and cyfs:/. cyfs:// is a next-generation protocol that re-invents basic Web protocols – TCP/IP, DNS, and HTTP – to create the infrastructure necessary for the complete decentralization of Web3. It has been in development for over 7 years, practically eliminates latency in file retrieval – a huge problem with current decentralized storage solutions – and has infinite scalability. cyfs:// has recently been open sourced and is now available to the public. To facilitate a more efficient market for decentralized storage, W3 Storage Lab has also worked closely with the DMC Foundation as a major developer of the Datamall Coin ecology. The Datamall Coin is a cryptocurrency that has been carefully designed to accurately reflect the true value of decentralized storage, properly incentivize suppliers of decentralized data, stimulate demand for storing real data in a decentralized manner, and create a highly efficient market for buyers and sellers of decentralized storage. The DMC token is already on Testnet and will be released to Mainnet in the near future. W3 Storage Lab is developing a series of killer applications for both consumers and enterprises that will make heavy use of decentralized storage. These applications will leverage the unique capabilities of cyfs://, and will be announced in the coming weeks. “Web3 has a ton of promise. But other than speculative trading – of both coins and NFTs – very few Web3 applications have delivered meaningful value to everyday consumers,” said Xinglu Lin, CEO of W3 Storage Lab. “We’re going to change that. The cyfs:// protocol gives us a ton of power to design a series of applications that will deliver compelling and lasting value to online consumers around the world.” “We’re very excited to partner with W3 Storage Lab," said Richard Wang, Managing Director of Draper Dragon. “They’ve assembled a top-notch team with a clear vision on how they want to positively impact the internet and the world. They’re developing some real break-through technology, and the market desperately needs their solutions. Look for some more ground-breaking announcements from W3 Storage Lab soon.” “An effective and efficient decentralized storage system is a core infrastructure to sustain the next stage of growth and user adoption for the Web3,” says Dr. Ming Shu, partner at Lingfeng Capital. “We are thrilled by the prospect that W3 Storage Lab will be the player to deliver a series of products that take the user experiences to a new level.” The W3 Storage Lab team has developed technology that accounted for more than 50% of all global P2P traffic and has issued a combined total of over 15 blockchain tokens. Xinglu Lin, CEO and Co-Founder, was the co-founder of 2 highly successful start-ups in China and is a prominent name in the Chinese internet sector. Zhicong Liu, Founding Engineer, architected cyfs://. Victor Chen, COO and DMC Foundation Chair, was CTO of Unisplendour, an internet infrastructure provider, and previously worked in IBM Networking. Thi Thumasathit, VP Marketing, is an experienced builder of early-stage Silicon Valley start-ups with experience in B2C, enterprise SaaS, cybersecurity, and ad:tech, as well as consulting experience at McKinsey & Company. About W3 Storage Lab W3 Storage Lab is a Web3 decentralized application company headquartered in Sunnyvale, CA with operations around the world. Its mission is to leverage the power of Web3 to help people manage, control and protect their own data. W3 Storage Lab is led by an executive team with a highly unique blend of P2P networking experience, blockchain expertise, and entrepreneurship. It is funded by Draper Dragon Fund, OKX Blockdream Ventures, Lingfeng Capital, and other investors. For more information, visit https://w3storagelab.com. About Draper Dragon Fund Founded by Larry Li, Andy Tang, Bobby Chao, and Tim Draper in 2006, Draper Dragon is a cross-border venture fund that connects Silicon Valley and Asia. Draper Dragon has offices in Silicon Valley, Toronto, Shanghai, Hong Kong, Singapore, and Bangalore and has RMB, USD, and digital assets funds. Draper Dragon looks for early-stage companies that would disrupt and transform their industry landscape, and the fund and its partners have seeded and invested in many technology unicorns such as Microport Medical (HKSE: 0853.HK), Ledger, Yeepay, Coinbase (Nasdaq: COIN), Otter, 1047 Games, VeChain ($VET), Jing Jin Electric (SHA: 688280), IOTEX ($IOTX), QTUM ($QTUM), Oasis ($ROSE) among others. Draper Dragon is an active investor in the digital assets, IT, and healthcare space, and a core member of Draper Venture Network. Draper Dragon draws upon the substantial resources and capabilities developed over two decades of venture capital investing, and startup company building. About OKX Blockdream Ventures OKX Blockdream Ventures is an investment institution under the worldwide top trading platform OKX.com, which focuses on exploring the best blockchain projects on a global scale, supporting the most cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and focusing on long-term structural value investment. For more information, visit https://www.okx.com/blockdream-ventures. About Lingfeng Capital Founded in 2015, Lingfeng Capital is a leading venture capital investor focusing on global technologies that empower digital finance and digital transformation of the economy, primarily in Greater China, with targeted exposure in the UK/EU/ASEAN. Lingfeng Capital invests in high-impact applications of industrial Internet/IoT space and enabling technologies that drive the trend of industrial digital transformation, such as AI, blockchain, cloud, data, security, and high-performing computing. In May 2022, Lingfeng Capital launched Lingfeng Innovation Fund (“LIF”), a new fund dedicated to investing in global early-stage Web 3.0 ventures, and enabling Web2.0 elites with Web3.0 expertise, collaborating with Web2.0 and 3.0/Crypto leaders and reputable VCs. LIF is a thesis-driven fund run by the industry’s most frontlined investors and provides first-hand support to accelerate project growth.ContactsVP MarketingThi ThumasathitW3 Storage [email protected]
22h agocryptodaily
Valour provides crypto ETPs to clients of major German banks
German banks Comdirect and Onvista will use crypto products provided by Valour for their retail clients. Both banks will have access to the Valour zero management fee Bitcoin and Ethereum ETPs. Valour, a tech company that bridges the gap between traditional markets, Web3, and DeFi, has announced an agreement with major German banks, Comdirect and Onvista, to allow their clients to integrate Valour ETPs into their investment portfolios. Both banks will have access to the full range of Valour crypto ETPs. Marco Infuso, Chief Sales Officer of Valour said of the agreement: "By integrating Valour's low to zero-fee ETPs, Comdirect and Onvista will be able to provide their customers access to safe and regulated exposure to the crypto ecosystem. Especially during 'crypto winter' times, costs are a foremost priority for investors. Offering zero-cost investment options in Bitcoin and Ethereum is a substantial advantage for our investors and is another milestone in the democratisation of this young and growing asset class." Valour’s recent partnership with justTRADE helps to cement its place as a premier and fully regulated provider of crypto products for the big brokers and banks wishing to acquire fully compliant exposure to crypto. Russell Starr, CEO of Valour, summed up the recent developments for his company: "Valour's recent partnership with justTRADE and this new agreement with Comdirect and Onvista represents the first of what we believe will be many relationships with major broker platforms and banks. Our recent hires have already added tremendous value to our team and will continue to execute at a high level, despite market conditions." The valour fully-hedged crypto ETPs include Bitcoin Zero and Ethereum Zero passive investment products that carry zero management fees. In addition, Valour has further crypto ETP offerings of most of the major cryptocurrencies which include Uniswap, Cardano, Polkadot, Solana, Avalanche, Cosmos, and Engin. 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 agocryptodaily
Optimism Under Fire After Unannounced $450 Million Fund Transfer
Layer-2 scaling solution Optimism came under heavy criticism after the platform made an unannounced movement of funds, leading to rumors that its multisignature wallet had been compromised and the funds were drained from it, causing significant panic among investors. Token Value Registers Significant Drop As rumors about the hacking of Optimism’s multisignature wallet spread, the OP token, which is the protocol’s native token, registered a brief but significant crash, falling by 10% in a matter of minutes, according to available data. However, it was able to make a quick rebound. The drop was a result of the panic amongst investors, as the token dropped to $1.25. Optimism Issues Statement The transaction that led to the panic and the resulting drop in token value was made at 20:45 TSI, with tokens worth $450 million transferred to a set of different wallets. Hours after the transfer, the Optimism team issued a clarification on Discord, stating that the fund movements were pre-planned Coinbase Study-related transfers to designated investor wallets. Data from Etherscan confirmed that the value of the data transferred was around $450 million. The team later took to Twitter to issue a clarification in an attempt to dispel the confusion that had built up while also stating that the team would announce large transfers in the future to avoid a repeat. “We’re seeing some confusion about recent transfers of OP out of a multisig. This is expected—today, we executed a series of planned standard transfers to the Coinbase Custody wallets of various investors in OP Labs PBC. We will announce large planned transfers ahead of time to avoid further confusion going forward. To further clarify: this was not a token unlock or a change in the circulating supply--just the first L2 supported by @coinbase custody. Apologies for not communicating about this transfer beforehand.” After the statement, the price of the OP token rebounded, rising to $1.34, only slightly below its pre-crash levels. Users Slam Protocol Optimism understandably came under considerable flak on Twitter, thanks to their unannounced operations, which spread panic among the community. The rumors of the hack only exasperated an already volatile situation, as users scrambled to understand if the protocol was indeed under attack. Founder of Rotkiapp, @LefterisJP, stated on Twitter, “You are transferring $450m of tokens in a public blockchain without any notice. Guys, please make an announcement well in advance. We were all scrambling to figure out if something was wrong.” Chris Blec also took to Twitter to criticize the protocol, commenting, “Who is providing oversight on these massive transfers? How do OP holders know that Optimism multisig isn’t screwing them by misappropriating tokens? They just have to “trust the team”?” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocointelegraph
Celebrities called out for shilling NFTs: Nifty Newsletter, Aug 10–16
A Polygon executive highlighted that NFT games have an advantage over traditional "money in, no money out" gaming business models.
1 day agocointelegraph
Economic design changes will affect ETH's value post-Merge, says ConsenSys exec
Lex Sokolin said that post-Merge, DeFi projects will have to compete with the returns offered by the core ETH protocol.
1 day agocointelegraph
Another crypto CEO steps down as Genesis Trading restructures leadership
Ignite CEO Peng Zhong, MicroStrategy CEO Michael Saylor, and now Genesis Trading CEO Michael Moro — top executives have departed crypto firms or stepped into advisory positions.
1 day agocryptodaily
Genesis Cuts 20% of Staff, CEO Steps Down
Crypto broker Genesis has announced that it is cutting back staff by 20% and chief executive officer Michael Moro steps down. According to reports by Bloomberg, the New York-based cryptocurrency broker Genesis is cutting back its staff by 20% as it battles the ongoing crypto winter. It was also announced that Genesis CEO Michael Moro is stepping down on Wednesday following major losses tied to the collapse of Three Arrows Capital (3AC). The company which is owned by Digital Currency Group (DCG), filed a $1.2 billion claim against the embattled 3AC in July. Genesis has however been able to mitigate losses after 3AC failed to meet a margin call according to Moro, adding that DCG has assumed some of the company’s liabilities. Genesis is the latest in the crypto world to be affected by the market downturn that has forced a number of high-profile firms to cut down on their workforce. Moro is being replaced by current chief operating officer Derar Islim, who joined the company in 2020, on an interim basis as the company searches for Moro’s permanent replacement. The broker has also brought on former SAC Capital and Point72 Asset Manager President, Tom Coheeney, as a senior adviser and board member. In a statement, Islim said: The changes and investments we’re announcing today affirm our commitment to operational excellence as we continue to expand our services to meet the needs of our clients today and into the future. Moro will continue to advise Genesis through the transition adding that the search for a full-time CEO has begun. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days agocointelegraph
Former JPMorgan, Barclays execs on why crypto jobs attractive even in bear market
Former traditional finance veterans are debuting a crypto career at the crypto ETF issuer 21Shares despite the bear market.
2 days agocoindesk
Crypto Investment Firm Digital Currency Group Registers Executive as Lobbyist
The move suggests DCG will be getting more involved in lobbying efforts in the future.
2 days agocoindesk
Tornado Cash US Ban Is ‘Bad Precedent,’ but Monero Was ‘Made for This’: Cake Wallet Exec
Justin Ehrenhofer, vice president of operations at Cake Wallet, joined CoinDesk TV’s “First Mover,” to discuss the implications of the government regulation when it comes to privacy coins.
2 days agocryptodaily
Hodlnaut Files for Creditor Protection
After pausing customer withdrawals last week, Singapore-based cryptocurrency lender Hodlnaut has filed for creditor protection allowing it more time to recover from its financial woes. The crypto lender is seeking judicial management to offer it temporary protection against any legal proceedings and claims, which the firm believes would allow it “breathing space” to focus on its recovery plan. Judicial management is a law in Singapore that allows financially troubled firms to rehabilitate themselves. Hodlnaut informed its users on Tuesday via an announcement that they have applied to a Singapore-High Court for creditor protection. The application will firstly prevent the company from having to sell off assets to make up the shortfall on its books. The firm says: We are aiming to avoid a forced liquidation of our assets as it is a suboptimal solution that will require us to sell our users’ cryptocurrencies such as BTC, ETH, and WBTC at these current depressed asset prices. Instead, we believe that undergoing judicial management would provide the best chance of recovery. Secondly, the filing puts a temporary pause on any legal claims against Hodlnaut. The statement continues to say: This pause will provide us with the breathing space to focus our efforts on the recovery plan to rehabilitate the company. The statement also made a comment regarding affected users, saying: While Hodlnaut is facing a difficult financial situation at the moment, not all your assets are gone. Under judicial management, the court appoints a judicial manager for the firm that takes over the charge from the company’s director for the duration of protection. Hodlnaut has recommended Tam Chee Chong, a director of the financial consultancy firm Kairos Corporate Advisory, as the interim judicial manager. Hodlnaut says that Chong has nearly 40 years of experience in corporate finance advisory and has on multiple occasions assumed the role of judicial manager for companies undergoing restructuring. Hodlnaut’s announcement reads: With his experience and track record, we believe he will be able to execute our recovery plan and restructure the business effectively. As it stands, the application has not been heard by the court and Hodlnaut has given August 19 as the next date for further updates on the status of their filing. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
2 days agocryptodaily
Former Navy SEAL and Author Willard Chesney Joins CBS SEAL Team Actor Justin Melnick With NFT Collection Release On The ReserveBlock RBX Network Proceeds To Benefit The Boot Campaign
Miami, United States, 16th August, 2022, ChainwireFormer Navy SEAL Operator and Author Willard Chesney, the dog handler on the historic raid on the Osama Bin Laden compound, along with Justin Melnick, who plays Navy SEAL dog handler ‘Brock Reynolds’ on the CBS hit television series SEAL TEAM, are banding together to release an exclusive NFT collection utilizing the ReserveBlock RBX Network (reserveblock.io) protocol with a portion of the proceeds benefiting The Boot Campaign. This exclusive NFT series will each come with special unique digital and physical mementos as well as digitally paired with personal experiences with both Chesney and Melnick and will be directly offered from their digital wallets to anyone who wishes to participate. Chesney, served as a SEAL Team Operator and handler for Military Working Dog (MWD) Cairo, the only dog on the team that executed Operation Neptune Spear. This infamous operation resulted in the elimination of Osama Bin Laden and ended an eight-year campaign to capture or terminate the renowned terrorist. Chesney, who served as both an Assaulter and Dog Handler at NSW DEVGRU (SEAL Team Six) is also the recipient of the Silver Star and Purple Heart, as well as the author of the best-selling book “No Ordinary Dog”, published through St. Martin’s Press. While this gripping and emotional memoir details Chesney’s working relationship with Cairo through multiple deployments, it also memorializes how he saved Chesney’s life in more ways than one. Will now works to help veterans who have suffered from traumatic brain injury. “I always knew I wanted to serve and serving in the SEAL Teams was my life’s goal. I never dreamt I’d be lucky enough to become a dog handler in the Teams. My dog Cairo was a special animal with a special soul – he truly was part of our team just like any other operator. To be able to continue to tell his story in a variety of ways and help others is the best way I know how to honor his life. While NFTs are new to me, it clearly provides a platform for me to do just that: help others and continue Cairo’s legacy,” said Chesney. Partnering with Will is CBS SEAL Team actor Justin Melnick, who has also served his community as a police officer prior to his career in television. On the show, Justin plays the role of ‘Brock’ the Team’s dog handler, alongside his Belgian Malinois named Dita. Justin has spent many of his recent years contributing time and personal resources to several veteran causes and has also worked closely with Chesney on different training exercises with their Malinois. “Playing Brock on SEAL Team has given me an even deeper perspective of our incredible heroes. My admiration for what they do, is beyond measure”, said Melnick. “They’ve given so much to this country, and I’m proud to play one of these heroes on TV. I can’t be more excited to launch this NFT series with Will, and look forward to connecting with like-minded people who also want to show their support for our heroes.” Launch details on this exclusive NFT Hero series will be forthcoming in September along with the series release date. About the ReserveBlock RBX Network RBX is the first open-source decentralized NFT Centric Blockchain that enables true peer-to-peer operability for the minting and trading of NFTs with or without the need for a centralized authority. With an ecosystem that provides a full suite of on-chain tools, RBX reduces common frictions and burdens by providing an environment for anyone and everyone to participate with transparent trustless features all through a core wallet or web wallet by either validating on the network and/or writing a smart contract without the need-to-know code whatsoever. The RBX network is currently in mainnet beta. For Willard Chesney, Justin Melnick, and RBX Further Inquiries: Website: reserveblock.io Discord: discord.com/invite/PnS2HRETDh Twitter: twitter.com/ReserveBlockIO Instagram: instagram.com/reserveblockio Github: github.com/ReserveBlockIO Willard Chesney: Instagram: @willcheeese & @noordinarydogbook Justin Melnick: Instagram: @justinmelnick & @ditathehairmissle ContactsChelsea [email protected]
2 days agocryptosrus
Do Kwon breaking silence triggers responses from the community
Covered: Do Kwon Breaks Silence Criticism Of Interview Do Kwon Breaks Silence As the Terra (LUNA) co-founder and CEO Do Kwon breaks his silence about the collapse of the algorithmic stablecoin Terra USD (UST) and LUNA, the community responded with various sentiments against the Terra executive. Despite Kwon’s attempts to clear his name in an […] The post Do Kwon breaking silence triggers responses from the community appeared first on CryptosRus.
3 days agocryptodaily
LandX Achieves Carbon Neutrality with KlimaDAO
Belgrade, Serbia, 15th August, 2022, ChainwireLandX, an upcoming DeFi protocol on Ethereum, is announcing a new partnership with KlimaDAO. LandX is joining the Klima Infinity program, which enables organizations to retire tokenized carbon credits and verifiably demonstrate that they have offset their carbon footprint. LandX is an agricultural commodity bond protocol bringing real-world production and yield to DeFi markets. Synergies between the two protocols extend beyond leveraging tokenized real-world assets, whether they be agricultural farmland or carbon credits. Their visions are aligned with the need to take action today to create a sustainable future. Through regenerative finance (ReFi) and modern financial systems such as blockchain, the blockchain industry can create more efficient and eco-friendly capital markets. As fintech evolves there is an opportunity to do things better and in a more fair, open, and sustainable way. LandX through LandX Choice is able to execute this vision through practical programs. The first of these is the purchase and retirement of 400 tones of carbon credits through the KlimaDAO platform. Carbon offsetting compensates for the production of greenhouse gasses through emissions reductions elsewhere. Executing this initiative on-chain means the protocol's efforts are transparent and verifiable. Through this initiative, LandX intends to be carbon neutral in 2022 and will continue to implement a carbon-neutral strategy into the future. LandX and KlimaDAO encourage every organization working in Web3 and beyond to follow our lead and target carbon neutrality. "We can work together as an industry to ensure our innovations make positive change." - LandX spokesperson LandX offers two products: cTokens - on-chain commodities representing 1kg of agricultural products such as wheat, soy, rice, and corn. xTokens - perpetual commodity bonds paying out 1 cToken per year in yield. They offer investors an inflation-hedged diversification in an uncorrelated asset class. Yield is backed by crop-share agreements known as liens, which provide farmers with more streamlined, flexible, efficient, and fair financing than what is currently available. About LandX LandX is a perpetual commodity bonds protocol, providing investors inflation hedged return backed by a legal contract secured on underlying farmland. LandX makes perpetual bonds available as a liquid digital asset - xToken, offering uncorrelated, inflation-hedged diversification. Learn more and get early access to LandX at: https://landx.fi Follow LandX on Twitter and join the LandX Discord About KlimaDAO KlimaDAO is the center of a new green economy. Built on the energy-efficient Polygon network, KlimaDAO uses a stack of technologies to reduce market fragmentation and accelerate the delivery of climate finance to sustainability projects globally. For more information about KlimaDAO and their carbon offsetting products, visit their website and TwitterContactsLazar [email protected]
3 days agocointelegraph
Samsung Next exec argues Web3 projects must face the challenge of utility
Raymond Liao believes 2022 is a good time for product builders and investors to focus on the Web3 space.
3 days agocryptopotato
Nomiswap: A DEX with Team Farming and Zero Swap Fees
Decentralized exchanges (DEXs) have become quite popular over the past few years. These platforms allow users to swap cryptocurrencies and make other transactions quickly without giving up control of their funds. These transactions are processed through self-executing codes known as smart contracts, eliminating the need for an intermediary or custodian. Aside from facilitating the seamless […]
3 days agocryptopotato
Volare Network Released Volare Business White Paper 1.0 With Volare Public Sale Announcement
[PRESS RELEASE – Singapore – August 13, 2022] Volare Project is a project to construct a vast ecosystem based on blockchain network (“Volare Network”) that proves the commercial viability of the new Equilibrium technology. Volare Network has released its first white paper 1.0 on August 1, 2022 (please see here). Current blockchain platforms execute transactions […]
4 days agocryptopotato
Monero Executes Hard Fork To Improve Security and Privacy Features
Monero executed a hard fork to be more secure and private, despite the governments' attack on anonymity tools.
4 days agocryptodaily
Can Crypto Coins Such As Persystic Token And Ethereum Help Revive The Bear Market?
This summer has been a difficult time for the crypto market. Crypto users would have seen the rapid decline in prominent cryptocurrencies such as Bitcoin (BTC), Solana (SOL) and Terra (LUNA) - a daunting time for buyers. Despite the bearish market, the enthusiasm and interest in cryptocurrencies have maintained and with the decline of upper-echelon cryptocurrencies, users would be looking to purchase cryptocurrencies that have lower risk factors. Persystic (PSYS) is an upcoming blockchain network that is built on the Binance Smart Chain - a reputable decentralised ecosystem. Along with this newcomer to the market comes Ethereum (ETH), the second most successful blockchain network in the crypto realm. This editorial will explore if both Persystic (PSYS) and Ethereum (ETH) can contribute to the revival of the crypto market. The Social Network Token - Persystic Token (PSYS) As previously mentioned, Persystic (PSYS) is based on the Binance Smart Chain - an open source and decentralised ecosystem. It is best described as a tokenized mixed social network that enables individuals to interact with each other while giving them the ability to form communities based on democratic principles. Persystic aims to solve the issues that traditional social media networks face such as poor monetisation, government censorship, security and fake content. PSYS permits the creators to take ownership of their work, where they can decide to store or delete their content when they please. Additionally, the Persystic project wants to enable peer-to-peer (P2P) sharing of content by using decentralised nodes. Users are also able to tip other creators, purchase content and perform other transactions within the network. The past decade has seen prominent social media platforms such as Twitter, Instagram and Facebook transcend outside of the entertainment sphere and have instead become an integral part of a daily routine for many active internet users. By targeting a market which has an approximate revenue of $42.39 billion in 2022, Persystic are capitalising on creating an innovative platform that aims to enhance the social media experience. It is currently in its presale stage, so if you are a buyer looking for a crypto coin that is low risk, then PSYS is a viable option. The Smart Contracts Pioneer - Ethereum (ETH) Ethereum (ETH) is primarily known for being the second most successful cryptocurrency behind Bitcoin. It quickly rose in popularity due to pioneering the smart contract mechanism - computer programs that automatically execute the necessary actions to fulfil an agreement between parties online. Smart contracts were designed to eliminate the need for an intermediary’s involvement between contractors, reducing transaction costs while also increasing transaction reliability. intermediary for contractors, reducing the transaction costs while also increasing reliability. The year of 2022 has seen Ethereum mention its plan to move from a proof-of-work consensus to a proof-of-stake algorithm, to improve scalability and sustainability. This transition will be known as Ethereum 2.0 and is scheduled to come to fruition in August 2022. Ethereum has continued to advance with the power of blockchain technology, which has made it one of the most dominant cryptocurrencies on the market. Its large ecosystem and consistent development is what users can have trust in when purchasing the ETH coin. If you would like to read more on the Persystic Token (PSYS) Article, Read Here: What Is The Persystic Token? What to find out more about Persystic (PSYS): Presale: http://join.persystic.io/ Website: http://persystic.io/ Telegram: https://t.me/PersysticTokenOfficial 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
6 days agocointelegraph
FTX partners with Paradigm for 'one-click' futures spread trading
The global exchange will provide “guaranteed atomic execution and clearing of both legs” for the futures trades on eight cryptocurrencies.
6 days agocryptodaily
Ethereum Merge Inches Closer As Developer Agree On Tentative Date
Anticipation and excitement are building in the Ethereum community as more clarity around the merge emerges. Ethereum developers have now agreed to a tentative date for the mainnet merge, which could be sooner than expected, seeing the Ethereum blockchain finally transition to Proof-of-Stake. Tentative Date Announced Ethereum core developers have locked in the 15th of September, 2022, as the tentative date on which the blockchain will transition to Proof-of-Stake. This means that the merge will happen sooner than expected as a result of the successful test on the Georli testnet, completed on Wednesday. Core Ethereum developers confirmed the date, including Tim Beiko and Terence Tsao, Co-founder of Prysmatic Labs, who agreed in an 11th August developer call that it (merge) would be when Total Terminal Difficulty (TTD) hits 58750000000000000000000. This was later confirmed in a post on Github titled tentative mainnet TTD. Date Could Still Change The possibility that the exact date and TTD could be changed still remains, the success of the testnet merges carried out so far are a good indication that Ethereum’s mainnet is finally ready to transition to the Proof-of-Stake consensus mechanism without any significant hurdles. The new timeline is three days earlier than the initially planned date of the 19th of September, which core developer Tim Beiko promised. “Tentative Mainnet TTD 58750000000000000000000 Note: nothing is final until it’s in client release, so do expect changes last minute due to unforeseen circumstances.” Bellatrix: Setting The Stage For The End Of Proof-of-Work Once the Total Terminal Difficulty hits 58750000000000000000000, it will mark the end of Proof-of-Work on the Ethereum blockchain and signal the official introduction of Proof-of-Stake. The TTD refers to the total difficulty required to mine the final block before the transition to PoS. However, before the merge is executed and completed, Ethereum developers will need to perform the Bellatrix hard fork, which will implement the necessary software updates required for clients to run the new consensus layer. The hard fork is scheduled for the 6th of September, just under ten days before the official merge. The journey to the merge has been long for Ethereum and its developers, with the Georli testnet becoming the final testnet to switch to the Proof-of-Stake consensus mechanism successfully. The Georli testnet merge followed the successful transitions of the Sepolia merge and the Ropsten testnet merge. Rumblings Of Discontent? However, there are some seeds of discord with Ethereum miners who rely on Proof-of-Work and its income. These Proof-of-Work miners are determined to continue using the Proof-of-Work consensus mechanism for Ethereum and maintain their flow of income. Chandler Guo, BTC, and ETH miner, a proponent of Proof-of-work and a crypto angel investor, is at the forefront of the movement and is leading the charge for PoW miners to initiate a hard fork of Ethereum and create a Proof-of-Work chain. Guo is a proponent of the theory that the crypto space is big enough for two Ethereums to exist and has tweeted several opinions on Twitter in support of his views. Guo is determined to release the necessary code to perform a hard fork that would bypass the difficulty bomb. This mechanism significantly reduces block rewards for miners in an effort to prevent them from producing new blocks. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
7 days agocryptodaily
Jito Labs Raises $10M from Multicoin Capital and Framework Ventures to Build Performant MEV Infrastructure For Solana
Austin, TX, United States, 11th August, 2022, Chainwire Jito Labs, an MEV infrastructure company building performant systems to scale Solana, has completed a $10M Series A. The round was led by Multicoin Capital and Framework Ventures with participation from Alameda Research, Solana Ventures, Delphi Digital, MGNR, Robot Ventures, and 18decimal. Notable angels Anatoly Yakovenko, Brian Long, Armani Ferrante, Austin Federa, Edgar Pavlovsky, and Nitesh Nath also participated. The Series A brings the company's total financing to $12.1M. Jito Labs will use the capital for recruitment and product development and to support the first third-party validator client for Solana, Jito-Solana. This is expected to open source later this month pending the completion of a Neodyme audit. Jito Labs is developing a suite of trading and validator tools that make MEV more democratic and accessible to traders and validators on the Solana network. Jito-Solana helps node operators earn more revenue and better utilize their hardware. It also features the first native spam-mitigation system for Solana, which helps improve network reliability. Jito-Solana also interfaces with Jito’s Block Engine, a proprietary system designed to build the most profitable and efficient blocks for the network. “Solana is built by the most talented team in the space, but trading bots spamming transactions has resulted in a degraded experience for users and traders. The tooling we’re building at Jito will help Solana scale to support millions of users,” said Lucas, co-founder of Jito Labs. “We are backed by some of the most strategic investors in the Solana ecosystem and are thankful for their support, and the warm welcome from the Solana community.” “Jito is a very capable, super technical team that is putting their efforts into optimizing a Solana validator client for MEV, which is a critical use-case for the long-term health of the network," said Anatoly Yakovenko, CEO, Solana Labs. In addition to validator software, Jito Labs develops tools for traders that are symbiotic with its infrastructure. Jito Bundles, which are similar to Flashbot Bundles on Ethereum, represent groups of transactions that are bundled together and executed in the order they are submitted by traders. Bundles improve liquidity, trading execution and network stability by circumventing expensive priority fee auctions and guaranteeing sequential, all-or-nothing execution. Applications on Solana can leverage Jito’s Bundles to improve the UX around sending multiple transactions. Jito Labs also makes two additional trading tools: a priority mempool, which enables traders to see transactions at the speed they arrive on the network, and ShredStream, which provides low-latency access to shreds from leaders running the Jito-Solana client. Collectively, these tools give searchers and traders the ability to capture arbitrage opportunities and execute trades more efficiently without degrading network performance. “Jito Labs is one of the most important companies in the Solana ecosystem. They are building critical infrastructure that improves network performance and decentralization while maximizing profits for validators around the world. Jito-Solana is a competitive advantage for validators, and an important decentralization milestone for the network,” said Tushar Jain, Managing Partner, Multicoin Capital. Validators that run Jito-Solana are eligible to earn tips from searchers and traders using Jito Bundles to submit transactions to the network. They can also access MEV insights through the Jito MEV Dashboard. About Jito Labs Jito Labs is an MEV infrastructure company that is building high-performance systems to scale Solana and maximize validator rewards. Jito-Solana, the first fully open-source, third-party validator client developed for the Solana blockchain, is a better way to earn more revenue and utilize hardware. Jito Labs’s trading tools are free for use by traders and validators. Learn more: https://jito.wtf/ContactsLucasJito Labs [email protected]
8 days agocointelegraph
Wealth managers and VCs are helping drive institutional crypto adoption — Wave Financial execs
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8 days agocointelegraph
SBI Group reports investee getting CFTC approval for OTC derivatives trading in US
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About eCash

The live price of eCash (XEC) today is 0.000039 USD, and with the current circulating supply of eCash at 19,145,823,423,303 XEC, its market capitalization stands at 746,823,607 USD. In the last 24 hours XEC price has moved -0.0000005 USD or -0.01% while 2,057,502 USD worth of XEC has been traded on various exchanges. The current valuation of XEC puts it at #68 in cryptocurrency rankings based on market capitalization.

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

eCash Price0.000039 USD
Market Rank#68
Market Cap746,823,607 USD
24h Volume2,606,117 USD
Circulating Supply19,145,823,423,303 XEC
Max Supply21,000,000,000,000 XEC
Yesterday's Market Cap819,699,700 USD
Yesterday's Open / Close0.000043 USD / 0.000043 USD
Yesterday's High / Low0.000044 USD / 0.000042 USD
Yesterday's Change
-0.01% ( 0.0000005 USD )
Yesterday's Volume2,057,501.60 USD
Mining Info
Hashing algorithmSHA-256
Pools (known)10
Pools Hashrate227.94 PH/s
Network Hashrate311.01 PH/s
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