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14h ago cryptodaily
Venezuelan Crypto Authority Removed and Arrested
Venezuela’s top authority on crypto policies, Joselit Ramirez, has been removed from his position and arrested for suspicion of participating in a scheme to steal from Venezuela’s oil operations. Venezuela has overhauled its national crypto department after Joselit Ramirez, who spearheaded the department since it was established in 2018, was arrested on March 17 on charges of corruption. Venezuelan president Nicolas Madura removed Ramirez from his position for allegedly participating in a plan to steal from the country’s oil operations. Decrypt reports Ramirez’s removal does not affect only him but also a large portion of the department. The Venezuelan government has called for a comprehensive restructuring of the Superintendency of Crypto Assets and Related Activities (SUNACRIP). According to the SUNACRIP Restructuring Decree, the board will plan the next steps for the department. President Madura’s administration claims the move to restructure is aimed at protecting Venezuelans from the adverse effects of economic sanctions. President Madura declared: That it is the duty of the State to take all measures at its disposal to protect the Venezuelan people from the negative effects of the multiform aggression that is taking place against the country and, especially, against its economy. The restructuring will be coordinated by a mixed commission comprising a president and four directors endorsed by Madura. The Ministry of Economy, Finance, and Commerce will supervise the operation. A new board headed by Anabel Pereira Fernández will lead the organization going forward. Among the board’s new directors are Héctor Andrés Obregón Pérez, Luis Alberto Pérez González and Julio César Mora Sánchez. President Madura has not yet issued an official statement on the matter, and the government has not yet provided reasons for Ramirez’s removal. Still, the overwhelming theory is that Ramirez was involved in acts of corruption. Local media publication Últimas Noticias broke the story about Ramirez’s arrest by the National Anticorruption Police after a request was issued for judicial proceedings against “a series of citizens who could be involved in serious acts of administrative corruption and embezzlement of funds.” The report states that Venezuelan authorities are investigating a case of corruption in which $3 billion from Venezuelan oil sales were diverted so as not to appear in the government’s official accounts. 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.
19h ago cointelegraph
Over 80 crypto firms eyeing presence in Hong Kong: Financial Secretary
Since October, more than 80 virtual asset companies have expressed interest in establishing in the city, while 23 have indicated actual plans of doing so.
1 day ago cryptopotato
21Shares Halts Several Crypto Products Citing Decreased Interest (Report)
The firm will supposedly close down five crypto ETPs and delist the 21Shares Terra Classic ETP (LUNA).
3 days ago coindesk
Former Belgian Finance Minister Calls for Crypto Ban in Wake of Banking Crisis
Johan van Overtveldt, economic spokesperson for the right-wing ECR political party in the European Parliament, compared crypto to drugs.
3 days ago cointelegraph
Intern for Gensler? SEC's college traineeships start at $15 an hour
The SEC is recruiting for college traineeships starting at $15.09 an hour, which is less than the minimum wage in Washington D.C. where the regulator is headquartered.
3 days ago nulltx
Avalanche Price Analysis & Prediction (Mar 16th) – AVAX Drops 8% to Support but Bulls Hope to Step Back
Avalanche’s price decreases significantly in the past hours after retesting last month’s support area as resistance on Tuesday. It encountered a rejection there and rolled over with an 8% loss. The tussle for dominance between the bulls and bears has caused a quick swing of high and low since the start of the week. Their […]
5 days ago cryptodaily
EU Parliament Passes Data Act That Affects Smart Contracts
The European Parliament has voted in favor of proposed legislation that will challenge the immutability of smart contracts. The European Parliament on Tuesday adopted legislation under the Data Act which includes provisions on smart contracts and the internet of things (IoT). The legislation was passed with 500 votes in favour and 23 against. Although the proposed legislation, which is not law yet, does not take specific aim at crypto, it could affect decentralized finance (DeFi), according to reports by Blockworks. The proposed legislation addresses smart contracts under Article 30. It includes provisions such as “rigorous access control mechanisms at the governance and smart contract layers” and protections of trade secrets integrated into the design of smart contracts. The Block reports that smart contracts would have to be designed under the new provisions with the possibility to terminate or interrupt transaction mechanisms. Under the new rules, smart contracts will be subject to “harmonized standards” defined in the Act. The new version of the bill also reintroduces strict compliance measures for smart contract developers that were previously removed. The bill reads: The vendor of a smart contract or, in the absence thereof, the person whose trade, business or profession involves the deployment of smart contracts for others in the context of an agreement to make data available shall perform a conformity assessment with a view to fulfilling the essential requirements. Confusion and Uncertainty Over the Data Act The revised version of the bill has drawn criticism from the DeFi community. Curve Finance, a major decentralized exchange, said it would be “impossible to comply” with the new regulations: > Smart contract developers may need to design reset possibilities to allow termination or interruption of transactions.> The European Parliament adopted legislation under the Data Act on Tuesday, with 500 votes in favor and 23 against.Fire them all. Impossible to comply here — Curve Finance (@CurveFinance) March 14, 2023 Thibault Schrepel, an associated professor at the VU University Amsterdam, said the new bill “endangers smart contracts to an extent that no one can predict.” He tweeted saying: Article 30 does not provide clarity as to who should be able to ‘terminate the continued execution of transactions.’ Adding, “Is it the creator of the smart contract? Public authorities? Courts?” 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.
5 days ago cryptodaily
Coins To Keep On Your Radar In 2023 - Polkadot (DOT), Orbeon Protocol (ORBN), And VeChain (VET)
The crypto market has been steadily on the rise, with plenty of coins showing an increase in value and trading volume. Analysts slowly reveal more confidence in coins such as Polkadot(DOT) and VeChain (VET). However, one project has full attention due to its real-world utility and growth potential - Orbeon Protocol (ORBN)! Currently, in Stage 10 of its presale, Orbeon Protocol (ORBN) is viewed by many as the next significant crypto asset. Let&rsquo;s see why! >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< VeChain (VET) VeChain (VET) uses blockchain technology to trace the flow of goods and their validity to increase supply chain accountability and effectiveness. Holding the VeChain (VET) token can bring you governance and be used to pay transaction fees on the network. Recently, VeChain (VET) issued a new whitepaper for VET 3.0 with a particular focus on sustainability. The whitepaper states that VeChain (VET) would launch programs to give people the knowledge they need to get involved in the sustainability journey. Currently, VeChain (VET) is valued at $0.02002, a decrease of 9% in the past day alone. On a positive note, the VeChain (VET) trading volume increased by 69% in that same period. With VeChain (VET) having a good roadmap for its future, some analysts believe it will see a short-term price increase, but a $1 valuation may not come anytime soon. Find Out More About The Orbeon Protocol Presale Website: Presale: 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.
5 days ago cryptodaily
Euler Finance Hack Postmortem Reveals 8-Month-Old Vulnerability
A postmortem of Euler Finance&rsquo;s flash loan exploit has revealed that the vulnerability at the root of the exploit remained on-chain for 8 months. As a result of the vulnerability, Euler Finance lost $200 million earlier this week. An Eight-Month-Old Vulnerability Euler Finance&rsquo;s auditing partner, Omniscia, has released a detailed postmortem report analyzing the vulnerability that hackers exploited earlier in the week. According to the postmortem report, the vulnerability occurred from the decentralized finance protocol&rsquo;s incorrect donation mechanism, which permitted for donations to be performed without a proper health check. The code was introduced in eIP-14, a protocol that introduced an array of changes in the Euler Finance ecosystem. Euler Finance allows users to create artificial leverage by minting and depositing assets in the same transaction. This mechanism enabled users to mint more tokens than the collateral held by Euler Finance itself. The new mechanism allowed users to donate their balance to the reserve balance of the token they transacted with. However, it failed to perform any type of health check on the account performing the donation. How The Vulnerability Was Exploited The donation would have caused the user&rsquo;s debt (DToken) to remain unchanged. However, their equity (EToken) balance would see a decrease. At this point, a liquidation of the user&rsquo;s account would lead to a portion of the Dtokens remaining, leading to the creation of bad debt. This flaw allowed the attacker to create an over-leveraged position and then liquidate it themselves in the same block by artificially causing it to go &ldquo;under water.&rdquo; When the hacker liquidates themselves, a percentage-based discount is applied, causing the liquidator to incur a significant portion of EToken units at a discount and guarantee that they would be &ldquo;above water,&rdquo; incurring the debt that would match the collateral acquired. This would result in a violator with bad debt (DTokens) and a liquidator that has an over-collateralization of their debt. Omniscia stated that the feature that lay at the heart of the vulnerability was not in the scope of any audits conducted by the firm. According to the analysis, a third-party audit was responsible for the review of the code in question, which was then approved. The donateToReserves function was audited in July 2022 by the Sherlock Team. Euler and Sherlock also confirmed that the former had an active coverage policy with Sherlock when the exploit occurred. Euler Finance Working With Security Groups Following the exploit, Euler Finance stated that the protocol was working with other security groups to perform further audits. Additionally, it stated that it had also contacted law enforcement officials and agencies in an effort to recover the stolen funds. &ldquo;We are devastated by the effect of this attack on Euler protocol users and will continue to work with our security partners, law enforcement, and the broader community to resolve this as best we can. Thank you so much for your support and encouragement.&rdquo; 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.
6 days ago coindesk
U.S. Treasury Poised to Release View on How DeFi Used in Illicit Finance
The U.S. Treasury Department is close to releasing a risk assessment analyzing criminal use of decentralized finance (DeFi), according to Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg.
6 days ago cointelegraph
Bitcoin’s 2023 price action driven by the desire to regain losses, according to professional trader
Crypto trader Zoran Kole joined Cointelegraph’s Crypto Trading Secrets podcast for an interview for the show’s seventh episode.
6 days ago cryptodaily
Fog Works Launches Foggie Max, World’s First Personal Web3 Server
Sunnyvale, United States, 14th March, 2023, ChainwireRevolutionary Device Helps Consumers Escape from Big Tech, Monetize their Hardware & Data and Protect their Digital Assets Fog Works, a Web3 software company focused on developing solutions on the Datamall Chain, today announced Foggie Max, the world&rsquo;s first personal Web3 server. Foggie Max is a consumer device that uses cutting-edge Web3 technology to deliver tangible benefits for everyday consumers and promises to be an essential on-ramp to Web3. Foggie Max can be purchased at a launch discount via crowdfunding website Indiegogo over the next 30 days here. Online consumers are overly reliant on Big Tech, leaving them vulnerable to service disruptions, price hikes, changes in terms and conditions, and occasional censorship. Additionally, Big Tech collects massive amounts of data from consumers, resulting in massive data breaches, privacy violations, and billions in oligopolistic profits. This all starts to change with Foggie Max, the world&rsquo;s first personal Web3 server. "Today marks a new beginning of a new era,&rdquo; said Xinglu Lin, CEO of Fog Works. &ldquo;Foggie Max is the first consumer device to truly put the power of decentralization and Web3 into the hands of everyday consumers, so they can start freeing themselves from the clutches of Big Tech. It all starts now.&rdquo; Foggie Max shifts power from Big Tech to individual consumers in multiple ways. Access to Ultra-Private dApps Owners of Foggie Max will be able to purchase and download decentralized apps &ndash; or dApps &ndash; to their Foggie Max, just like users might download apps from Google Play or Apple App Store. Once downloaded, these dApps belong to the user forever &ndash; they can never be remotely deactivated or discontinued. These dApps will also not have any monthly fees associated with them. Any data generated by these dApps will only be stored in the user&rsquo;s Foggie Max, greatly enhancing the user&rsquo;s privacy. Fog Works will develop some core dApps and encourage the development of third-party dApps. dApps already under consideration are a dApp that backs up all your smartphone photos; a private search engine; a private email server; a blog server; clubrooms with membership-only content; electronic patient records; in-home health & activity monitoring; video streaming; and digital wills. Over time, these dApps will reduce consumer over-dependence on Big Tech and enables consumers to become arbiters of their own data. The Ability to Merchandise and Monetize Personal Digital Assets Every file stored in Foggie Max will have a permanent URL recorded on the blockchain. Users can manage access controls for each file: 100% public, 100% private, or semi-private by giving specific Decentralized Identifiers (DIDs) access. Users will also be permanently recorded as the creator of every unique file stored in their Foggie Max, mitigating digital piracy/misattribution. Foggie Max owners can sleep soundly, knowing that their public content will download fast via both Web2 and Web3 browsers. Furthermore, the Foggie Network will automatically edge cache popular public content, improving the download speed and availability of public content. Foggie Max owners can mint NFTs in bulk with no code from any type of file &ndash; picture, collage, audio, video, or even raw text data like your browsing history. They can then merchandise their digital assets in a fully decentralized marketplace &ndash; to accumulate likes and tips, or sell their digital assets outright -- with their Foggie Max powering their presence in the decentralized marketplace. The Ability to Monetize Personal Hardware Each Foggie Max ships with a 1 to 4-terabyte solid state drive, or SSD. Foggie Max can automatically share idle storage capacity with the Foggie Network, allowing its owner to earn crypto rewards in exchange for honoring data storage deals. All of these deals are automatically created on the Datamall Chain, a blockchain-focused on creating an efficient marketplace for decentralized storage. In addition, every Foggie Max has 2 USB 3.0 ports. Users with extra USB drives can attach those drives to Foggie Max and share that extra storage with the Foggie Network and earn crypto rewards. Disaster-Proof Data Storage which is Private, Secure and Market-Based Users can store private data on their Foggie Max, and they can make off-site backups to the Foggie Network to make their data disaster-proof. These off-site back-ups are: Completely secure: private backups to the Foggie Network are always completely encrypted. Only the original owner with the encryption key can decrypt the files. 100% private: Off-site backup deals are created on the Datamall Chain, and the Datamall Chain is completely private. The owner of the data won&rsquo;t know whose machine(s) his/her data is residing on; and the owner of the machines(s) won&rsquo;t know whose data is on their machine. Priced fairly: No one large Tech Giant sets oligopolistic pricing for these off-site data back-ups (and the price of data egress). The price of these off-site data stores is entirely market-driven, because the Datamall Chain is a fully decentralized marketplace that measures the fair market value of decentralized storage. Foggie Max is the only consumer device on the market to give its owners unprecedented access to dApps, the power to monetize both their data and hardware, and help them protect their data. Foggie Max achieves this by leveraging both the Datamall Chain (as desdcribed above) and CYFS, a next-generation Web3 protocol that enables the complete decentralization of applications and completely replaces HTTP, TCP/IP, and DNS. About Fog Works Fog Works, formerly known as W3 Storage Lab, is a Web3 software company headquartered in Sunnyvale, CA with operations around the world. Its mission is to leverage the power of Web3 to help people manage, protect, and control their own data. Fog Works 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 ContactCMOThi ThumasathitFog Works, [email protected]
7 days ago cryptodaily
Discover the Excitement of Crypto Trading with This Bitcoin's Competitor
It's no surprise that more people are getting hooked on cryptocurrency trading. With its low entry threshold and high volatility, it's an easy and accessible way to increase the level of life. But it&rsquo;s a real surprise that many investors prefer not Bitcoin but rather its competitors. Accessibility made cryptocurrency trading available to a wide range of users, from seasoned investors to those just starting out. The volatility of cryptocurrencies may seem daunting to some investors, but for others, it's part of the thrill. After all, as Mark Zuckerberg once said, "the biggest risk is not taking a risk; in a world that's changing really quickly, the only strategy that is guaranteed to fail is not taking risks." That means that in a world that's changing quickly, taking risks can be the key to success. For many investors, the potential rewards of cryptocurrency trading are worth the risk. Is Bitcoin the Only One? At first, cryptocurrency traders tasted the potential of trading digital assets with Bitcoin. But a dozen years after its launch, Bitcoin is no longer the only one in town. In fact, there are thousands of different digital assets out there, each with its own unique features and potential for growth. That's why many cryptocurrency traders are constantly on the lookout for the next big thing &ndash; a new cryptocurrency that could repeat the success of Bitcoin. One of the main reasons traders are looking for new cryptocurrencies is that Bitcoin's volatility decreased over the years. While it's still a popular choice for many investors, some traders want something with more potential for price swings. That's where new cryptocurrencies come in. By investing in a relatively new digital asset, traders can take advantage of the potential for rapid growth &ndash; or, of course, the risk of rapid decline. It's a game, but for those who are willing to take the risk, the potential rewards can be huge. So whether you're a seasoned investor or just starting out, keep an eye out for the next big cryptocurrency &ndash; it could be the key to your success. But how can we figure out where the next big boom is gonna hit? Well, from what we've seen, crypto is pretty sensitive to new tech and all the buzz that comes with it. Lately, everyone's been hyped up about web3 projects thanks to all the talk about the future of the internet. And let's not forget about the demand for ChatGPT, which has sent the rates of AI-associated cryptos soaring. With all that in mind, who knows what could be next? Maybe e-commerce will be the next hot spot since it's the industry that could finally bring crypto to the masses. Towards the end of 2022, PLCU - the native coin of the comprehensive PLC Ultima blockchain ecosystem - broke into the top 10 list of most popular cryptocurrencies in India. As you may recall, India is a rapidly developing country with a vast population that's showing keen interest in crypto assets. What the sluggish advanced economies might catch up to someday, is already happening in emerging markets like India. The PLC Ultima ecosystem, run by Alex Reinhardt - a prominent investor, blockchain guru, and entrepreneur - is all about making blockchain and cryptocurrencies available for everyone and breaking down barriers that hold people back from this stunning world. The ecosystem's energy-efficient blockchain houses a ton of services, from simple payment systems to crowdfunding and marketplace platforms. PlatinDealmarketplace, for example, helps new merchants and brands expand quickly and easily into new markets. It's not just good for business owners, though - customers get access to classifieds, digital stores, and the ability to use crypto to buy stuff. By March, almost 2,000,000 people from over 120 countries worldwide have already joined the ecosystem. Since the community is the real governor of the decentralized ecosystem, anyone with a smartphone and internet can get in on the action. There are two coins in the ecosystem, PLCU and PLCUX, and they're joined at the hip. PLCU is used for payment and trading, while PLCUX is used for minting (i.e. generating) new coins. To join the community, just sign up for an account and download the Ultima Farm and Ultima Wallet apps. If you freeze your PLCUX coins, you'll get rewarded each month based on how many coins you froze. It's way cheaper and more efficient than mining, and you don't need fancy equipment to do it. 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 ago cryptodaily
BinaryX Releases Trailer and Opens Beta Test For Futuristic Space Game Project Matthew
Singapore, Singapore, 13th March, 2023, ChainwireBinaryX announced today the upcoming release of a space-building simulation game, Project Matthew. The team just released the trailer video which gives a first look at the game, and is also opening registration for their Closed Beta Test happening soon. Introducing Project Matthew: The Exciting New Space-Building Game Project Matthew is an upcoming space-building simulation game developed and published by developer BinaryX. The game takes place in outer space, where players have taken over as landlords of a distant land called Matthew. The goal of the game is for players to build their own extraterrestrial cities, by setting up industrial production lines that produce resources for further development. Develop A City The adventure begins as players are given an NFT plot to start their city. Players can build different types of helper robots that will contribute different skills to scavenge, battle, or explore new territories to develop the city. Lead A Virtual Army Players can recruit a robot army with different skills and abilities, and challenge enemies on the battlefield to earn massive rewards. The battlefield is divided into different levels of difficulties. The more difficult the level, the greater the rewards. Explore Space Exploration is one of the primary ways to obtain rewards and resources in Project Matthew. The gameplay features a collection of neighboring and faraway planets waiting to be explored. &ldquo;Project Matthew is our biggest project for the first half of 2023. We wanted to bring in new genres of games into the BinaryX ecosystem, and this game is the first ever simulation game that we will have on our platform. We want our players to immerse themselves in space as landowners and explorers. We&rsquo;re really excited to welcome a whole new group of space enthusiasts and simulation gamers into our expanding community&rdquo;, said Rudy S., Global Head of Business Operations and Development of BinaryX. Watch the official trailer: Closed Beta Test Opens For Registration BinaryX is kicking off the launch of Project Matthew with a Closed Beta Test. Registration starts on 13 Mar, 9 PM UTC+8, and closes on 20 Mar 6 PM UTC+8. The Closed Beta Test will be available to Windows users only, with more details to be revealed on their registration page and social media channels. Register for the closed beta test here. About BinaryX BinaryX is the GameFi platform behind play-to-earn games CyberDragon and CyberChess, both of which run on the BNB chain. BinaryX began as a decentralised derivative trading system. The team gradually evolved into developing decentralised video games, and is now a GameFi platform offering IGO services to bridge Web2 developers to Web3. As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 17K monthly active wallets. It is also one of the largest metaverse projects by trading volume on the BNB chain, with more than 200 million in market cap. BinaryX also has a token, $BNX, that has consistently demonstrated strong performance despite the bear market. For more details and information about BinaryX, please visit About BinaryX deck Find us on social media: BinaryX | Twitter | Discord | Telegram | YouTube | Medium ContactCommunications LeadKora [email protected]
7 days ago cryptodaily
Regulators Shutter Signature Bank Days After SVB Collapse $BTC
According to an announcement by the Federal Reserve, New York-based Signature Bank, which had several clients in the cryptocurrency space, was shut down by state regulators. Signature Bank Shut Down New York State financial regulators on Sunday shut down Signature Bank. The move comes as the fallout from the implosion of SVB Financial Group&rsquo;s Silicon Valley Bank threatens to start a domino effect. According to regulatory authorities, depositors of the New York-based banks would be able to access their funds under a &ldquo;very similar systemic risk exception&rdquo; to that of Silicon Valley Bank, according to a joint statement by the Treasury Department, the Federal Reserve, and the Federal Insurance Deposit Corp. The statement stated, &ldquo;We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority. All depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer.&rdquo; The joint statement also outlined several actions that federal regulators would be undertaking to ensure the protection of depositors in SVB. &ldquo;Signature Bank is a New York state-chartered commercial bank and is FDIC-insured, with total assets of approximately $110.36 billion and total deposits of approximately $88.59 billion as of December 31, 2022. DFS is in close contact with all regulated entities in light of market events, monitoring market trends and collaborating closely with other state and federal regulators to protect consumers, ensure the health of the entities we regulate, and preserve the stability of the global financial system.&rdquo; An Unexpected Decision The decision by regulatory authorities to put Signature Bank into receivership came as a surprise to many, most of all to its managers, who, according to sources, found out about the decision just before the public announcement. As a result of the announcement, the bank faced a barrage of deposit outflows on Friday. However, the situation seemed to stabilize over the weekend, according to a person familiar with the matter. Silicon Valley Bank Contagion Spreading? Silicon Valley Bank&rsquo;s abrupt failure on Friday saw the bank unravel in less than 48 hours after announcing a plan to shore up capital in its support. SVB had taken a significant loss on the sale of its securities against the backdrop of soaring interest rates. As a result, worried depositors began pulling their money from the bank, with $42 billion withdrawn on Thursday alone. As a result, regulators are struggling to find a way to stop the SVB contagion from spreading to other lenders. Treasury Secretary Janet Yellen stated that she had approved a resolution for SVB that would protect all depositors. As the concern for the health of smaller banks focused on the startup and venture capital communities grows, regulators are considering extraordinary measures to protect depositors and financial institutions. Signature Was Looking To Reduce Crypto Exposure Signature Bank first came under scrutiny during the collapse of the FTX exchange, as it emerged that the exchange held accounts with the bank. Signature Bank stated at the time that these accounts represented less than 0.1% of its overall deposits. The bank also stated that it was planning to shed around $10 billion in deposits from digital assets clients. This would bring down its crypto-related deposits to around 15-20% of its total. Another bank hit by the FTX debacle was Silvergate, which as a result, lost all its depositors and business partners. As a result, the bank announced that it was shutting down its operations just days before the seizure of Silicon Valley Bank. 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.
10 days ago cryptodaily
Rutherford Atayobo Throws Light Upon the Web3 Gaming Platoform SinVerse
Exclusive live discussion with Rutherford Atayobo, the accomplished Chief Operating Officer of SinVerse - a revolutionary blockchain-based metaverse game that boasts a cutting-edge R-Rated Mafia theme. SinVerse has rapidly emerged as one of the most popular and engaging metaverse games in the dynamic Web3 space, delivering an unmatched immersive and interactive gaming experience. During this insightful conversation, Rutherford will share his perspectives and expertise on the development and success of SinVerse, including the challenges and opportunities that arise in building a metaverse game on the blockchain. Gain valuable insights into the future of gaming and blockchain technology from one of the most innovative leaders in the industry. Hello, I am Efe Rutherford Atayobo, co-founder and COO of Sinverse, the first R-Rated Mafia Metaverse built on Web3. As an entrepreneur, innovator, and blockchain ecosystem developer, I have been actively involved in the Web3 ecosystem since 2015 . Since then, I have also founded Manilla Finance, Vanilla Network and Cabbie, three highly innovative and scalable web3 projects. 1. Where do you see the future of Web3 gaming, and how big do you think it is going to be? The future of Web3 gaming is incredibly promising as it combines the benefits of blockchain technology with online gaming to create an entirely new gaming experience. With the ability for players to own and control their in-game assets, a new economy is created within the game, where players can earn real-world value from their virtual items. Additionally, Web3 gaming provides a new revenue model for developers, which incentivizes them to create high-quality games that attract and retain players. The potential for Web3 gaming is enormous, and we expect it to become a major part of the gaming industry as more people become familiar with blockchain technology and its benefits. 2. Would you consider partnerships with other existing Web3 games, and do you have any lined up already? Sinverse has already established partnerships with many Web3 gaming projects, such as SugarBounce and Vulcan Forged. We are excited to collaborate with other innovative and creative projects in the space to create new and exciting experiences for our users. However, we also prioritize partnerships with other A-list institutions within the blockchain space, such as Kucoin and Caasha, to offer our users more opportunities to engage in the Sinverse ecosystem. 3. Is Sinverse a web-based game, and is a mobile version in the works? Sinverse is currently a web-based game that can be played on Windows computers. However, we are actively developing an Android version of the game to make it accessible to a wider audience. The mobile version should be playable in a few months from now. 4. What are the plans for the native token of Sinverse, and how does it integrate into the Sinverse ecosystem? The SIN token is the backbone of the Sinverse ecosystem. It is used to purchase land, build businesses, buy weapons, and recruit teams, among other things. The game features a player-run economy where the SIN token actively moves from one holder's hand to the other. It is essential for players to hold SIN to achieve anything meaningful in Sinverse. 5. When would Sinverse be fully playable? We have developed 8 out of the 17 districts that Sinverse features, and the alpha version is currently being played by users. We are actively developing both the Android and Windows PC versions, and we are focused on delivering a high-quality experience to our users. While we cannot give an exact date for when the game will be fully playable, we are making significant progress, and we are excited about the future of Sinverse. 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.
12 days ago cryptodaily
MEXC Global Reports Record Volume Since Slashing Trading Fees
Singapore, Singapore, 8th March, 2023, ChainwireCryptocurrency exchange MEXC Global has reported significantly increased trading volume since cutting its platform fees. The decision to cut trading fees arrived at a time when interest in the crypto market has been increasing, further amplifying demand for digital assets. Since MEXC Global announced it was slashing maker and taker fees on the platform, the exchange has seen renewed growth, mirroring the positive turnaround seen in the wider cryptocurrency market. The fees to trade spot and futures markets on MEXC Global have both dropped to zero for maker fees, and 0.02% for futures taker fees, representing some of the lowest and most competitive rates for crypto traders. Andrew Weiner, VP of MEXC Global, said: &ldquo;Lower rates mean people are much more likely to participate. This is a boost for individual traders, and more widely for the whole market. MEXC Global is one of the simplest to use and most customer-friendly cryptocurrency exchanges available. As a leader in the space we believe lowering fees is a simple way to boost engagement and grow total volume.&rdquo; MEXC Global trades around $2.1bn per day in futures volume. Much of its recent growth has been attributed to new investors who are drawn to MEXC&rsquo;s low fees and extremely user-friendly interface that makes the exchange accessible to mainstream users and maximizes return on investment. MEXC is dedicated to continuously upgrading its technology and optimizing its products. As of March 3, MEXC's perpetual futures liquidity is ranked No.1 in the market, supporting over 160 mainstream trading pairs in futures and 60 trading pairs in spots, with smaller price differences and lower trading costs. In an environment where retail investors are looking to save as much money as possible, low fees provide an attractive option, and offer a strong route to wider recovery for everyone. For more information, visit: About MEXC MEXC is the world's leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, and more. MEXC currently serves more than 10 million users worldwide and embraces the philosophy of "Users first, MEXC's Changing for you". Visit the website and blog for more information, and follow MEXC Global and M-Ventures.ContactPR in chargeAntonio WuMEXC [email protected]
14 days ago coindesk
White House Is 'Aware of' Silvergate Situation, Spokeswoman Says
White House Press Secretary Karine Jean-Pierre said the presidential administration is monitoring Silvergate Bank's situation, and said Congress must act.
14 days ago cointelegraph
Bitcoin ATM firm profited from crypto scams via unlicensed kiosks: Secret Service
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About EcoVerse?

The live price of EcoVerse (ECR) today is ? USD, and with the current circulating supply of EcoVerse at ? ECR, its market capitalization stands at ? USD. In the last 24 hours ECR price has moved ? USD or 0.00% while ? USD worth of ECR has been traded on various exchanges. The current valuation of ECR puts it at #0 in cryptocurrency rankings based on market capitalization.

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

EcoVerse Price? USD
Market Rank#0
Market Cap? USD
24h Volume? USD
Circulating Supply? ECR
Max Supply2,500,000,000 ECR
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
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