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Ethereum Classic price, market cap on Coin360 heatmap

Ethereum Classic(ETC)

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0.00159091 BTC
Market Cap (Rank#20)
216,786 BTC
Vol 24h
17,546 BTC
Circulating Supply
Max Supply
18h agocryptodaily
Invisible College and Nas Academy Leverage NFTs As An Admission Pass To Web3 Courses
Non-fungible tokens can provide tremendous utility to those owning these assets. Nas Academy and Invisible College take this concept further into the mainstream. Its new set of courses can be unlocked with an NFT collection, providing access to over $2,000 in educational material. Accessing Courses With An NFT Collection Enrollment in courses and educational content has become normal, even if technical issues may arise from time to time. Sometimes, users and students might not be able to access the content due to login issues, the system not deeming one eligible for access, etc. Those concerns can be circumvented by tokenizing access to courses through non-fungible tokens. More specifically, Nas Academy, the creator tech platform, will conduct an interesting test on that front. With the help of Invisible College, the team will let Decentraliens NFT collection holders access over $2,000 worth of course material. The educational tools will span various topics, including NFT investing, video editing, and crypto fundamentals. It is another solid example of how NFTs can unlock utility and offer quality of life improvements. Nas Academy CEO Nuseir Yassin explains: “Web3 is more than just a compelling topic for courses. We believe NFTs can reinvent the way students consume online education and allow people to own a piece of the internet. That’s why we wanted to partner with a visionary community in the form of Invisible College. We are excited to build together to help educate and bring the next wave of users into web3.” Such a hands-on experience with web3 technology will put non-fungible tokens at the center of attention. Although the idea of using NFTs as a standard for content ownership and accessibility isn't new, it has yet to be implemented on a large scale. Invisible College members with a Decentralien NFT will explore this new frontier spanning nearly two dozen web3 and creator courses accessible through Nas Academy. Web3 And Education Make A Powerful Combo As the hype and enthusiasm surrounding web3 continue to reach peak levels, it is an excellent time to focus on the educational side of the spectrum. An exciting technology stack is always interesting, but ample use cases must exist. The partnership between Invisible College and Nas Academy confirms those use cases will come to market. Invisible College Co-founder Nick deWilde adds: “Lately, there’s been lots of debate about web3 use cases. The way we see it, combining a catalog of high-quality courses with an NFT collection is a fundamentally new way to empower students to own their education. And there’s no way we could have pulled it off without web3 technology. We also needed a forward-thinking partner who was willing to innovate with us. Fortunately, the Nas Academy team are just the type of crazy dreamers who could help us expand our vision and make it a reality." Both parties will deepen their collaboration by onboarding leading web3 instructors to create additional educational content for the platform. Ultimately, Invisible College wants to position itself as the biggest web3 learning library on the world wide web, across both the web2 and web3 iterations. Using NFTs as an "admission pass" for education is a very exciting frontier and the opportunities are virtually limitless. 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
First Mover Asia: BTC Holds Near $24K; Why Do We Need Ethereum PoW When We Have Ethereum Classic?
Crypto mega-entrepreneurs Vitalik Buterin and Justin Sun are clashing over Ethereum’s future; ether hovers over $1.7K.
3 days agonulltx
LATOKEN Cryptocurrency Exchange Review (2022)
Suppose you’ve been exploring cryptocurrencies on popular platforms like CoinMarketCap or CoinGecko, and have been looking at various exchanges for niche digital assets like coins for Metaverse crypto games, Web3 tokens, NFTs, and DeFi projects. In that case, one exchange you’ve likely come across is LATOKEN. As one of the most popular exchanges on the […] The post LATOKEN Cryptocurrency Exchange Review (2022) appeared first on NullTX.
5 days agocryptopotato
Crypto Price Analysis August-5: Ethereum, Ripple, Cardano, Solana, and Ethereum Classic
This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Ethereum Classic. Ethereum (ETH) After a significant rally, Ethereum seems to have found a local top above $1700, which has so far acted as strong resistance. The price did not manage to move beyond this level and fell by 3.4% in the […]
5 days agocryptodaily
Crypto Daily - Daily Crypto And Financial News 04/08/2022, Nomad Gets Hacked For $190M
In Todays Headline TV CryptoDaily News: Riot Blockchain's Bitcoin mining productivity dropped 28%. Crypto mining firm Riot Blockchain reported it produced fewer Bitcoin in July 2022 than that in July 2021 after scaling down operations at its Texas facility. Riot said its miners had produced 318 Bitcoin in July, compared to 443 BTC the firm reported generating in July 2021. Ethereum Classic is not Ethereum so a Merge-fueled rally won't last. Crypto miners have been showing increasing interest in Ethereum Classic because the Ethereum blockchain is in the process of moving from an energy-intensive proof-of-work system to proof-of-stake, which removes miner incentives. Another crypto bridge attack: Nomad loses $190 million in 'chaotic' hack. Heists continue to plague the crypto world, with news of large sums stolen from digital currency firms seemingly every month. But while crypto exchanges were once the main point of attack, hackers now appear to have a new target: blockchain bridges. BTC/USD exploded 1.8% in the last session. The Bitcoin-Dollar pair skyrocketed 1.8% in the last session. The Stochastic indicator is giving a positive signal. Support is at 22270.0807 and resistance at 23795.8387. The Stochastic indicator is currently in the positive zone. ETH/USD skyrocketed 1.8% in the last session. The Ethereum-Dollar pair gained 1.8% in the last session after rising as much as 3.1% during the session. The Stochastic-RSI is giving a negative signal. Support is at 1506.2067 and resistance at 1738.1067. The Stochastic-RSI is currently in negative territory. XRP/USD rose 0.8% in the last session. The Ripple-Dollar pair rose 0.8% in the last session after gaining as much as 1.2% during the session. The CCI is giving a negative signal. Support is at 0.3501 and resistance at 0.4048. The CCI is giving a negative signal. LTC/USD exploded 2.8% in the last session. The Litecoin-Dollar pair skyrocketed 2.8% in the last session. The Stochastic indicator is giving a positive signal. Support is at 55.0333 and resistance at 61.3333. The Stochastic indicator is currently in the positive zone. Daily Economic Calendar: JP Overall Household Spending The Overall Household Spending is an indicator that measures the total expenditures of households. The level of spending can be used as an indicator of consumer optimism. Japan's Overall Household Spending will be released at 23:30 GMT, Australia's Trade Balance at 01:30 GMT, Germany's Factory Orders at 06:00 GMT. 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. DE Factory Orders The Factory Orders measure the total orders of durable and nondurable goods, which can offer insight into inflation and growth in the manufacturing sector. UK Monetary Policy Summary The Monetary Policy Summary contains the outcome of the vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced the vote. The UK's Monetary Policy Summary will be released at 11:00 GMT, the Dutch Consumer Price Index at 04:30 GMT, the US Continuing Jobless Claims at 12:30 GMT. 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. US Continuing Jobless Claims The Counting Jobless Claims measures the number of unemployed individuals who are currently receiving unemployment benefits. 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 agocoindesk
Ethereum Classic Is Not Ethereum so a Merge-Fueled Rally Won't Last: Messari
“Based on the fundamentals, it's unlikely Ethereum Classic has any long-term viability,” Messari wrote in a report.
7 days agocryptodaily
Solana Wallets Compromised In Multimillion-Dollar Hack
2022 looks set to be one of the worst years for the crypto markets, which were already dealing with significant bear market sentiment. Now news has emerged that several hackers have targeted the Solana ecosystem, and losses are nearing the billion-dollar mark. Thousands of users have reported that their funds have been drained from their hot wallets without their knowledge. An Unprecedented Attack Thousands of users took to Twitter to report their SOL being stolen from connected hot wallets such as Phantom, Slope, and TrustWallet. With the attack still ongoing, details remain sketchy, but over 8000 wallets have been compromised, according to data sourced from blockchain auditors OtterSec. Several Solana addresses have been linked to the ongoing attack, with the wallets in question amassing millions worth of SOL, SPL, and other Solana-based tokens drained from unsuspecting wallets. “UPDATE: Over 8,000 #Solana wallets have fallen victim to the ongoing hack, with more increasing by the minute.” Details Remain Sketchy The exact cause of the attack remains unknown at present, although community members are scrambling to trace the source of the attack. However, what is clear is that the attack seems to have impacted mobile wallet users the most, with the attacker somehow managing to sign transactions on behalf of users and wallet owners. This suggests that there could be a third-party service that could have been compromised in a supply-chain attack. The private-key exploit resulted in the hacker stealing native SOL and SPL tokens from hot wallets, most of which had been inactive for more than six months, with Phantom and Slope wallet users being hit the hardest. Twitter user foobar shed some light on the methodology used by the attackers, stating that while the cause of the exploit was unknown, it could be the result of an upstream dependency supply chain attack. He also stated that revoking prior approvals would not help ensure the security of the funds, adding that the only viable option was moving funds to an offline wallet. However, if a hardware wallet is not an option, users can also shift their assets to a reliable centralized exchange for the time being. Solana Community Reacts The attack will undoubtedly reignite the debate around hot wallets and their security. Hot wallets are connected to the internet at all times, and while this does ensure some convenience, allowing users to send, receive, and store crypto with ease, it is also susceptible to attacks. Cold wallets, which are offline and must be connected to a device to carry out transactions, are considered much more secure. While the concerned parties are looking into the exploit, worried users reached out to wallet providers for an update and clarity on the source of the attack. Phantom did provide users an update on Twitter, stating that it was working to figure out the cause of the attack. “We are working closely with other teams to get to the bottom of a reported vulnerability in the Solana ecosystem. At this time, the team does not believe this is a Phantom-specific issue. As soon as we gather more information, we will issue an update.” Other community members speculated that the exploit could be related to Magic Eden’s Solana-based NFT marketplace, although this link remained doubtful as the attack continued. So far, Magic Eden has not commented on the situation but did tweet out a warning, advising users to revoke permissions from the wallet and move assets to a cold wallet. “There seems to be a widespread SOL exploit at play that’s draining wallets throughout the ecosystem Here’s what you can do right now to best protect yourself 1. Go to >Settings on your @phantom wallet 2. >Trusted Apps 3. >Revoke Permissions for any suspicious links.” In a later tweet, it added that it was looking into the exploit to determine its cause. Solana Price Feels The Pressure Currently, the primary discourse across crypto Twitter remains around mitigating the damage from the exploit, with experts urging users to transfer their assets to a cold wallet. Solana’s price has also dropped significantly over the past few hours and is down considerably. While the price has recovered from its initial slump, it could drop again as the attack plays out. A History Of Outages The Solana ecosystem has had a torrid 2022, with regular outages plaguing the “Ethereum Killer.” In January, Solana crashed for a staggering 48 hours, forcing users to liquidate their holdings and fulfill their loan obligations. The outage was caused due to bots spamming the network, leading to significant congestion on the network, which led to the outage. As a result, DeFi users were unable to top up their loan collateral, forcing them to liquidate their holdings. 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.
8 days agocryptodaily
BinaryX Releases RhinoX Whitepaper Detailing New Key Features of its Ecosystem
Singapore, Singapore, 2nd August, 2022, ChainwireBinaryX, a leading P2E game development company, has released the official whitepaper for Rh!noX, a collection of 10,000 NFTs enabling holders to use their assets as avatars on various GameFi and DeFi applications on the BNB Chain. The Rh!noX NFT series gets its inspiration from Soulbound items in the World of Warcraft game and aims to be the first-ever Soulbound Token on the BNB chain. Moreover, the collection links the holders' NFTs to their interactions, thus developing them into unique assets. Above all, it provides them with numerous perks, such as access to beta tests for games, NFT whitelists, projects, new tokens on BNB Chain, and more. The team spent several months improving the project’s vision and roadmap, now available in a new and enhanced whitepaper. For the first time, readers can explore the full functionality of Web3.0 and understand the underlying mechanisms, possibilities, and features of Rh!noX. Here’s a short summary: The Rh!noX Soulbound Token Analytic System This feature will calculate the credit score of a wallet depending on its owned amounts and trading history. It works similarly to a credit card company’s standard credit calculation system. Simply put, it determines the perks a user is eligible for, depending on his creditworthiness. The system will categorize Rh!noX owners into different tiers with distinct benefits. For example, members of the highest tier will enjoy more perks than those in the levels below, with the number and quality of perks decreasing with each tier. A good credit score will reward NFT holders with numerous advantages, such as: ● VIP treatment ● Exclusive Airdrops ● Airdrops from different projects ● Closed-beta entry/Early access to DeFi project/Whitelist Slot ● Discounts on processing fee ● Unsecured Loan ($RUSD) The latter is a loan that doesn't require collateral. Also, the maximum amount a user can request depends on their credit rating. The initial fund for the unsecured loan will come from Rh!noX Treasury and represents the income from selling Rh!noX NFTs. Lastly, the loan amount will affect the interest rate and will be collected in $RUSD. Trading Rh!noX NFTs will not impact the credit rating of their respective owners. Furthermore, the accumulated credit score is connected to an Rh!noX NFT and could be transferred to another user. Multidimensional Behavior Analysis Model The system has an in-built cohesive analysis model studying the NFT owner's characteristics, personality, and reliability. To reach this conclusion, the system will consider the wallet’s address and interactions, such as: ● Trading History ● On-chain Behavior ● Project Preferences ● Asset Portfolio ● Liability Status ● Attended Campaigns & Events ● Airdrops History Ultimately, this list will expand to include more factors without sacrificing the anonymity of web3.0 technology. Here is a use case of this analysis model. Rh!Drop With Rh!Drop, developers can target on-chain users depending on asset values, interests, trading styles, credit ratings, etc. This feature will be an on-chain airdrop targeting service and the primary tool for on-chain project developers. For example, they can use it to deliver airdrops to target receivers matching specific criteria. To better understand the idea, think about Google Ads. Google Ads distributes customized advertisements to selected users based on their past behaviors on the internet. The suitable ads will be served to the right target audience. Rh!noX works similarly. In simple terms, this does not only benefit project owners but also every user on Web3. Project owners & developers could improve their project awareness and expand their communities easily after identifying the right audience for their projects. At the same time, common users would enjoy the airdrops from different projects or even early information without having to do any additional tasks as long as their overall credibility and ‘personal profile’ are good. Sociality of Rh!noX NFT The project also comes with various social features, such as: Social Identity Rh!noX Official will verify the individuals’ background. Also, it will allow users to identify the other person's trustability depending on the data the Soulbound Token collects. This way, future Web3.0 users can visit the profile of a wallet address and identify essential details, such as capital level, project preferences, active areas, trading style, etc. This tool also eliminates fake IDs, false claims over assets, and more. Its level of transparency will be accessible to everyone. For instance, if a user has more than 10,000 $BTC in a wallet, it will receive the "BTC Whale" title, which should tell developers everything they need to know about this individual. Rh!neT This feature will operate like a web3.0 networking platform, enabling users to check someone’s profile, social status, social network, send instant messages, etc. Its main goal is to help users connect and build a community on transparency, credibility, and high-quality identity. About Rh!noX Team Rh!noX has extensive experience in the blockchain industry, traditional game development, and game publishing (learn more about BinaryX). The core team members are from Silicon Valley and participated in the development of the early BNB Chain and Polkadot chain and have made outstanding contributions to the development of the industry. One thing worth mentioning is that before entering the blockchain industry, the team worked in the financial services industry, that's providing loans, mortgages, and wealth management services for many years. Backed by this unique experience, Team Rh!noX fully understands every financial feature of NFT and lays a good foundation for the real-life application of Rh!noX NFT. Team Rh!noX holds a firm conviction that there is a huge and undiscovered space for what NFTs could become and that NFTs should have more than just showing artistic value and signaling wealth. It was when the team couldn’t stop questioning themselves: What if NFTs could work as certificates? What if NFTs could represent one’s credibility? What if NFTs could work like a Digital Mastercard? What if Rh!noX could build the foundation of social relationships of trust? By solving these questions and putting these ideas together, a wider door will be opened to blockchains, and the ecosystem will become more than just about money, but trustable and fun to stay in. Despite the bearish market, the team believes it is the right time to develop and expand the project to benefit its users. To this end, they added new members and planned future collaborations with other projects to increase the practicality of the Rh!noX ecosystem and beyond. As a result, Rh!noX stands out from the growing crowd of NFT projects, which often lack utility and long-term sustainability. Rh!noX’s utilities aim to cover the entire Web3.0 in the future, not just on the BNB Chain, as it’s the only way to maximize the functionality of Soulbound NFT. Up to this day, Rh!noX has achieved the following achievements after its first auction sale: Rh!nox: Sold out in Dutch Auction Sold out 10000 units at 9BNX in 4 hours Rh!nox: Most-traded NFT Collections On Binance NFT Marketplace Listed in June and achieved $1.5m trade volume in the last 7D For more information about Rh!noX visit: Website | Twitter | Medium | Discord ContactsChun [email protected]
8 days agocryptodaily
How the Octopus Network is Driving the Internet into a more Open, Fair, and Secure Era
You don't hear about the earnest blockchain protocols because they’re busy building solutions It would be easy to forget that blockchain technology is more than the growing pains of DeFi, considering the plethora of disquieting news coming out of the crypto space recently. But it's important to remember that blockchain is a tool, a tool that can be used to solve a swash of contemporary issues. And, like all tools, its use is defined by human intent — You can use rocks to bash in someone's head or build functional civic structures. Web3 has the potential to hand data sovereignty and content ownership back to internet users. So, where are the protocols committed to creating solutions with blockchain tools? They are out there, building. And that is probably why you don't hear much about them in the headlines, which tend to favor catastrophe over progress. Earnest blockchain protocols are driven by ideology rather than speculation Serious blockchain technicians are often driven by ideology rather than speculation — the intent is embedded in the building. This is why they tend to survive severe crypto market downturns. Solid projects with a mission of driving towards a fairer internet also generally have foundations that help scaffold and fund web3 development because they know that only mass adoption can complete the transformation from User-as-Product to User-as-Owner. Imagine all the business conducted across all of the niches on the Internet today. Until Web3 solutions are accessible for at least a majority of these verticals, Web3 will remain an elusive target. Presently, at least three significant barriers to developing Web3 must be addressed and solved by the blockchain industry itself for mass adoption to become feasible. The blockchain industry must eradicate its own barriers Startup cost is one of the most formidable barriers to realizing a broader selection of viable Web3 solutions. Building an application-specific blockchain is both capital and labor-intensive. In addition, blockchain development requires blockchain developers. Unfortunately, there is a shortage of developers fluent in novel programming languages such as Rust. Finally, it takes more than technology to launch a successful Web3 project. Founders need to be familiar with critical concepts in tokenomics, product design, UX, community building, governance, and more to successfully launch a Web3 project. These three bottlenecks to Web3 development are precisely what the Octopus Network was designed to disrupt. The Octopus Network lowers the barrier to Web3 adoption To accelerate adoption, the Octopus Network's primary mission is to lower the barrier to Web3 innovation. This is not only apparent in its support of the application-specific blockchains that choose to launch on its platform but also in its open and free Global Substrate Training and Accelerator Programs funded by the Octopus Foundation. The Octopus Network is a multichain, interoperable cryptonetwork for launching and running Substrate-based, EVM compatible, application-specific blockchains, aka appchains. The design of the Octopus Network's security leasing mechanism lowers the cost of launching a Substrate-based blockchain by an estimated factor of 100X. Web3 teams who wish to develop their concept using Substrate will find an incredible support base in the Octopus Development Team and Core Community— in addition to enjoying appchain customizability, infrastructure support, crosschain interoperability, and unlimited scalability. The Octopus Global Substrate Developer Training program increases Web3 resources A few years ago, Octopus Network launched the first Substrate Developer Training courses in China, which are now operated by Parity. Since then, Octopus has been on a mission to spread its courses globally, with current offerings in Vietnam, Malaysia, India, Nigeria, and Mexico. Substrate is an open-source tech stack, built using Rust programming language and created by Parity, that simplifies building a blockchain customized for a specific application. The full stack of an appchain, including networking, consensus protocol, node configuration, etc., can be thoroughly optimized for its particular use case. An appchain enjoys its transaction processing capacity exclusively without competing for gas price with other applications, ensuring lower transaction costs and faster response times for its users. And a Substrate appchain has self-sovereignty —it’s governed by its community. There are already hundreds of Web3 projects built on Substrate, and more appchain projects are expected to emerge. The Octopus Accelerator awards Web3 entrepreneurs The Octopus Accelerator Program is a global Web3 startup community of entrepreneurs launched by Octopus Network and funded by the Octopus Foundation to help Web3 entrepreneurs bring utility to Web3 by realizing their concepts as appchain testnets. The Accelerator program conducts four open Global Web3 Entrepreneurship Camps providing $1 million in funding to 20 outstanding Web3 application chain entrepreneurial teams annually. Each quarterly course awards a total of 250k in funding to its top five projects. Mentored by industry experts while engaging in course workshops, participants study critical topics such as Product Design, Token Engineering, Regulation, Fundraising, and more. The month-long program concludes with a Showcase Day, allowing the top 10 teams to demo their project in a competition to win one of five Octopus Star Prizes and 50k in funding. Accelerator Program courses are free and open to any Web3 founder, team, or developer interested in developing their project from concept to testnet. The Fall 2022 Accelerator program offering 50k in funding to five top projects currently accepts applicants until its August 13th deadline. The Octopus Network sets the stage for Web3 innovation Octopus Network's unique Leased Proof of Stake security coupled with Substrate makes building a Web3 application much more accessible and affordable for the world's problem solvers, thereby setting the stage for Web3 innovation. Any Substrate-based blockchain can register to become an Octopus Network appchain. Any Web3 project can apply to the Accelerator to learn how to build a Substrate appchain testnet and win funding, and any developer can gain exposure to Rust programming language and the Substrate framework through Global Substrate Training courses—all compliments of Octopus Network. While DeFi growing pains may stir up one-sided skepticism toward blockchain technology as a whole, the other side of the equation, those seeking solutions, just keep building. The Octopus Network was conceptualized, designed, and realized because of the underlying philosophical tenets of its core team, which is committed to driving the Internet into a more open, fair, and secure era, aka Web3. 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.
9 days agocryptodaily
Why Solana (SOL), Fantom (FTM), and Degrain (DGRN) Are the Best Coins to Buy in This Bear Market
The current state of the crypto market has dealt severely with the price of many tokens and dampened the morale of investors so that the general sentiment has become one of extreme caution. Nevertheless, true traders and investors know that the fortune that comes during the bull market is usually a result of actions taken in the bear cycle. This is why many have their eyes on Solana (SOL), Fantom (FTM), and Degrain (DGRN); three coins with the potential to make investors more than a 100x gain. Solana (SOL): Has a lot of potential for growth Solana (SOL) has grown in popularity over the past couple of years, and for good reason. The Solana (SOL) network offers a high TPS, great speed, and adequate scalability, which encourages builders to set down roots on the blockchain. Solana hit its all-time high in November 2021, and despite the vicious bear market, it has continued to perform excellently compared to some other coins. Investors see a lot of leg space for growth in both the DEFI and NFT sectors on the blockchain and have been betting on Solana (SOL) climbing back to $260 and then surpassing it in a few months or years. Fantom (FTM): A defi-friendly network Fantom (FTM) is a smart contract platform that provides decentralized finance services to builders using its customized algorithm. With its native token FTM, Fantom aims to eliminate issues linked with smart contract platforms, especially speed. It currently has a daily trading volume of $256,381,602. Fantom (FTM) is ranked #58 on CoinMarketCap but remains a popular and viable choice among developers, and many believe that the Fantom (FTM) token value will rally upwards as soon as the bull cycle begins. Degrain (DGRN): Can its token 80x? Compared to Fantom (FTM) and Solana (SOL), Degrain (DGRN) is very young. The platform aims to be the first cross-chain NFT marketplace in the world and promises investors to share platform revenue. Degrain (DGRN) is on that path, and investors are bullish - having completed its audit with flying colors. The DGRN token’s first presale phase began on July 7th, with 11 million sales in the first 60 seconds, and since then, the value has been moving upwards despite the bear market. The second presale phase started two weeks early, and the price of the Degrain (DGRN) token has increased to $0.06, experts believe that it could see an increase of 8,000%. We certainly think it could be the best investment in 2022. Website: Presale: Telegram: Twitter: 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.
9 days agocryptodaily
Solana (SOL) and Cardano (ADA) holders rush to buy presale tokens for Degrain (DGRN)
Despite the multiple ups and downs in the market, cryptocurrencies have shown to be excellent investments over the years. It's also true that overflowing assets can obliterate your funds in hours. What criteria do you use to identify cryptocurrencies worth investing in? We'll talk about three cryptocurrencies that will be great investments for investors in 2022 with one of them being predicted by top analysts to be the best investment in 2022. Solana (SOL) holders rush to buy into Degrain (DGRN) presale Solana (SOL) is a decentralized open-source network in the cryptocurrency space created to make it easier to develop sustainable, user-friendly apps for everyone. Solana (SOL) has claimed to be the world's quickest blockchain and an ecosystem that is expanding the fastest. The blockchain is extraordinarily quick, with around 65,000 transactions per second (TPS) and meager transaction fees. Additionally, it is working on initiatives related to Defi, Web 3.0, and NFTs. With a market cap of more than $15 billion, Solana (SOL) is among the most valued NFT tokens. The promising concept may be a great addition to someone's portfolio. Solana (SOL) is not expected to produce any significant gains anytime soon. Solana (SOL) investors rushed over the weekend to buy into the Degrain presale. Cardano (ADA) a long way to go to reach all time highs again Cardano (ADA) solves the shortcomings of earlier blockchain platforms by utilizing peer-reviewed research. For people without a sense of economic identity, it is an open platform that provides dApps to govern identity, value, and administration. The platform's functionality depends on the native token of Cardano, called ADA, a top 10 cryptocurrency on CoinMarketCap. One of its applications is for Cardano transaction payments. The token can be traded and used for other financial transactions on cryptocurrency exchanges. Cardano (ADA) uses a Proof of Stake (PoS) consensus method, which consumes less power than the Proof of Work (PoW) approach, to validate transactions. A consensus mechanism based on staking makes blockchain platforms more secure while significantly reducing power consumption and carbon footprint. Degrain (DGRN) predicted to be the best investment in 2022 The first NFT network to support trading across many blockchain networks in the community is Degrain (DGRN). By combining essential elements of a significant NFT protocol and token, Degrain (DGRN) sets itself apart from the competition. It is reasonable to predict that Degrain (DGRN), which is currently on analysts' radar screens, will soon surpass other NFT protocols and displace them as the industry leader. According to cryptocurrency experts, Degrain (DGRN), at its current market price of $0.06, will result in large profits for investors. By the end of the year, it is anticipated the price will increase by more than 8,000 percent. Investors can benefit from this project and increase their long-term profits by investing in this currency right away. To join the presale use the links below. Degrain (DGRN) could be the best investment of 2022. Website: Presale: Telegram: Twitter: 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.
10 days agocryptopotato
Weekend Watch: BTC Recorded 6-Week High, ETC Up 45% Weekly Following Vitalik Buterin’s Talk
Ever since Vitalik Buterin's suggestion about miners perhaps switching to Ethereum Classic, ETC has soared by almost 50%.
11 days agocryptodaily
Classic Projects May Struggle As Newcomers Like Gnox (GNOX) Look To Challenge Chainlink (LINK) And Ethereum Classic (ETC)
While much of the economy is still struggling, not every token is doing badly. There are still great projects out there, and there are ones that look to challenge big players like Chainlink and Ethereum Classic. Gnox, for example, is one of the few coins in the crypto world to have made huge gains in recent weeks and has an incredibly bullish outlook. It is up over 63% in just a month or so, so it is definitely one to challenge big names in the industry such as Chainlink and Ethereum Classic. Gnox is a hugely important project that could mean big things for the DeFi investment space, not just in the short term. Its one-of-a-kind, the simplified platform makes it simple for regular investors to enjoy genuine passive income returns. And this set of features could be critical in propelling digital finance into the mainstream. Challenging Chainlink (LINK) and Ethereum Classic (ETC) With Gnox's impressive presale performance, classic platforms like Chainlink and Ethereum Classic may struggle to get market share from crypto investors. ChainLink's primary value proposition is to bring blockchain interoperability to the industry. Chainlink is the leading oracle that provides critical services to the growing number of smart contracts. It's one of the least risky bets in the larger cryptocurrency market. Chainlink discovered how to feed into and obtain data from decentralized, dependable, and tamper-resistant blockchain networks. It also created a network of nodes to exchange information between blockchains, which eventually became a significant smart contract innovation. On the other hand, Ethereum Classic became the obvious replacement for Ethereum miners that sought new ways of working in the cryptocurrency industry. A short-lived but explosive rally that resulted in a 105 percent price increase for the token was sparked by investors seeking more exposure to ETC as more hash rates entered the coin. Sadly, the rally's speculative nature led to a swift 12 percent reversal. Investors nevertheless believe that Ethereum Classic will increase in value after The Merge launches and massive migration of mining power starts, despite the recent cooling off. Learn more about Gnox: Join Presale: Website: Telegram: Discord: Twitter: Instagram: Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
11 days agocointelegraph
Ethereum chain split is possible after the Merge, survey finds — but will ETC price keep climbing?
Ethereum Classic is a relatively smaller PoW chain compared to Ethereum in terms of usage and hash rate.
11 days agocryptodaily
Crypto Daily - Daily Crypto And Financial News 29/07/2022, El Salvador FinMin Says That Bitcoin Bet Is Working
In Todays Headline TV CryptoDaily News: El Salvador’s bitcoin bet is working, finance minister says. El Salvador’s finance minister defended the country’s strategy to adopt Bitcoin as legal tender even as critics urge the nation to ditch the experiment as the cryptocurrency world suffers through a bear market. Why Ethereum Classic (ETC) Is Up Over 100% This Month Ethereum Classic (ETC) -- also known as the "original" Ethereum -- is on a roll. Ethereum Classic has been up over 60% in the past seven days and over 150% in the past month, according to CoinMarketCap data. Ripple signs a partnership deal with FomoPay to aid treasury management. Leading crypto solutions provider, Ripple, recently signed a partnership deal with a Singapore-based payment platform FOMOPay. As revealed, the partnership will enable FOMOPay to explore the On-Demand Liquidity technology of Ripple in carrying out its operation. BTC/USD skyrocketed 3.7% in the last session. The Bitcoin-Dollar pair exploded by 3.7% in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 20326.3333 and resistance at 24410.3333. The Ultimate Oscillator is giving a positive signal. ETH/USD skyrocketed 5.2% in the last session. The Ethereum-Dollar pair skyrocketed 5.2% in the last session. According to the Williams indicator, we are in an overbought market. Support is at 1344.2333 and resistance at 1789.7733. The Williams indicator is signaling an overbought market. XRP/USD skyrocketed 2.9% in the last session. The Ripple-Dollar pair skyrocketed 2.9% in the last session. The ROC is giving a negative signal. Support is at 0.3207 and resistance at 0.3791. The ROC is currently in the negative zone. LTC/USD exploded 6.2% in the last session. The Litecoin-Dollar pair rose 6.2% in the last session after gaining as much as 8.6% during the session. The CCI indicates an overbought market. Support is at 51 and resistance at 63.041. The CCI points to an overbought market. Daily Economic Calendar: FR Gross Domestic Product The Gross Domestic Product measures the total value of all goods and services produced by a country. The GDP is considered a broad measure of economic activity and health. The French Gross Domestic Product will be released at 05:30 GMT, Australia's Producer Price Index at 01:30 GMT, and the UK's CFTC GBP NC Net Positions at 19:30 GMT. AU Producer Price Index The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all processing states. 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. JP Annualized Housing Starts The Annualized Housing Starts capture how many new single-family homes or buildings were constructed annually. It is a key indicator of the housing market. Japan's Annualized Housing Starts will be released at 05:00 GMT, Japan's Construction Orders at 05:00 GMT, and the US Personal Income at 12:30 GMT. JP Construction Orders The Construction Orders released by the Ministry of Land, Infrastructure, Transport, and Tourism show the number of orders received by construction companies. US Personal Income Personal Income measures the total income received by individuals, from all sources, including wages and salaries, interest, dividends, rent, workers' compensation, proprietors' earnings, and transfer payments. 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 agocoindesk
Ethereum Classic Almost Triples, MATIC and UNI Surge as July Brings Relief to Crypto Market
Ethereum classic's rally is consistent with its record of rallying around major Ethereum upgrades, one observer said.
12 days agocointelegraph
CoinGecko open to acquisition but now is ‘too early,’ co-founder says
While CoinMarketCap was acquired by Binance during post-2017 crypto winter, the current bear market is not the right time to sell CoinGecko, its COO said.
13 days agocryptodaily
Banks and regulators unable to keep up with speed of crypto
The cryptocurrency sector is moving at breakneck speed compared with banks and regulators in the traditional financial sector. Even hiring crypto experts is a major obstacle, as the best talent is in high demand industry wide. Crypto is too fast to keep up with Whether the traditional banks, regulators and other infrastructure like it or not, crypto is changing finance, and business in general at a crazy rate and the sedate pace of trad finance and its watchdog regulators means that they are just not able to keep up. Admittedly, the wild rollercoaster ride of crypto is coming up against snags here and there, and the odd company has disappeared overnight given such things as code hacks and lack of liquidity among other issues. New tech is moving traditional finance aside However, this industry will likely throw up the game-changing technologies that will make banks and their ilk completely redundant. The fact is, that is already happening now. Bitcoin itself is looking like it will move gold aside as the preferred store of wealth. It just needs to grow enough so that volatility plays less and less of a role in its price swings. The fact that it can’t be manipulated as much as gold also plays in its favour. Insufficient staff to regulate crypto The Securities and Exchange Commission (SEC) was said to be going on a hiring spree this year as the sheer amount of crypto companies, and the variety of technologies that they employ, are taxing the regulators to the max. Also, just recently, the chairman of the European Banking Authority (EBA), which is the regulator for the European banks, has voiced his concerns over sourcing the experts necessary to oversee crypto and enforce regulations. The EBA’s Jose Manuel Campa is worried that by the end of the next 3 years, crypto will have developed and extended into so many areas that cannot be anticipated, that he will not have the crypto talent at his disposal in order to lay down and enforce the new regulations to cover everything. Regulators just too far behind Regulations for the industry are nowhere near ready, and if truth be told, asking regulatory agencies steeped in old laws, to define a new set of rules to regulate game-changing technologies, is a bit of a stretch. SEC chairman Gary Gensler just keeps harping back to securities laws that were put in place in the early part of the last century. Given his way, he would put the entire crypto industry into a strait jacket that would make it just as bogged down and slow-moving as existing finance. The cost of doing business As the larger crypto exchanges and lending platforms are finding out, doing business within the current regulatory environment is costing them millions when you take into account the amount of specialised staff needed to navigate the treacherous waters of regulatory minutia contained in the many financial jurisdictions across the world. Banks and financial institutions in the traditional world move like they are wading through treacle. Is this how we want our future financial system to be? The institutions that rule us would have it so. Therefore it is to be hoped that a parallel financial system can grow fast enough to evade the octopus-like tentacles of what is in place now. 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.
13 days agocointelegraph
Ethereum Classic gets 'endorsement' from Vitalik Buterin, but ETC price still risks 50% crash
ETC's ongoing price rebound looks eerily similar to a bull trap event from 2021.
14 days agocoindesk
AntPool Supports Ethereum Classic Ecosystem With $10M Investment
The mining pool is throwing its weight behind the Ethereum-offshoot alternative that will continue to mine using proof-of-work.
14 days agocointelegraph
A step-by-step framework to evaluating crypto projects
Understanding the project's vision, tokenomics, white paper, use cases, roadmap, etc., is essential prior to making an informed investment decision.
16 days agonulltx
Ethereum Price Continues to Trade Sideways at $1,600, Ethereum Classic Outperforms ETH
After last week’s excellent performance, Ethereum continues to trade sideways this weekend at the $1,600 level. The cryptocurrency is trading within the $1,400 – $1,600 range, with a 3.87% decrease in 24-hour trading volume, currently at $16.2 billion. While the market is losing some momentum this Sunday, will Bitcoin and Ethereum manage to stay within […] The post Ethereum Price Continues to Trade Sideways at $1,600, Ethereum Classic Outperforms ETH appeared first on NullTX.
18 days agocryptopotato
Ethereum Classic Soars 55% Weekly, Bitcoin Stalls at $23K (Weekend Watch)
Ethereum Classic is among the few altcoins in the green on a daily scale, while bitcoin stands still just under $23,000.
18 days agocointelegraph
Ethereum Classic soars 100% in nine days outperforming ETH as 'the Merge' approaches
Ethereum's transition to proof-of-stake could be a boon for the price of Ethereum Classic.

About Ethereum Classic

The live price of Ethereum Classic (ETC) today is 36.7232 USD, and with the current circulating supply of Ethereum Classic at 136,265,383.61 ETC, its market capitalization stands at 5,004,103,857 USD. In the last 24 hours ETC price has moved -1.5526 USD or -0.04% while 286,223,700 USD worth of ETC has been traded on various exchanges. The current valuation of ETC puts it at #20 in cryptocurrency rankings based on market capitalization.

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

The widely-recognized Ethereum blockchain launched by Vitalik Buterin and Gavin Wood in July 2015, raised $150 million through an Initial Coin Offering (ICO) conducted by ‘The DAO’, in April 2016. However, a hacker stole $3.6 million three months later, by exploiting a bug in one of The DAO’s smart contracts.

The Ethereum blockchain as we know it today rolled back the chain and reverted it to its original unhacked status in July 2016. However, a section of the Ethereum community which believed in immutability as one of the core ethos of crypto networks, kept propagating the original Ethereum blockchain, with no ledger rewrites, calling it Ethereum Classic.

Ethereum Classic is committed to staying as a Proof of Work (PoW) network, in pursuit of decentralization maximalism, quite unlike its sibling which is soon transitioning to Proof of Stake. Its community lays great emphasis on two core principles – immutability and censorship resistance – with ‘Code is Law’ being the governance motto. 

Ethereum Classic further distanced itself from Ethereum over time, as it put a hard cap on ETC’s maximum supply (210,700,000 coins) and adopted a Bitcoin-like deflationary monetary policy by introducing a regular reduction in block rewards. It aims to be the go-to platform for smart contract development which helps developers create unstoppable applications.

ETC price

When the Ethereum hard fork happened in July 2016, all investors who held ETH in their wallets were given the same amount of ETC coins for free. The ETC price kept fluctuating mostly between $1 to $2 from the time of its launch, until March 2017, when after introducing a Bitcoin-like deflationary monetary policy and the announcement of Grayscale ETCG Investment Fund, ETC price started climbing upwards and breached $20 for the first time in June 2017. Its next noteworthy surge came during the crypto boom of 2018, when ETC price reached $43.76 on Jan. 13, 2018. However, it retraced to under $20 within a month and continued its fall further after a brief spike in February, trading well under $10 by Q3, 2018. It closed that year at around $5. 

The ETC price remained mostly below $10 for a little over two years, and showed some signs of revival only around February 2021, amid a market-wide bull run. It went on to record its all-time high of nearly $180 on May 6, 2021. A corrective phase followed and ETC coin was trading in the vicinity of $50 within a month. It stayed within the range of $40 to $70 for the remainder of the year, closing 2021 at a market value of $35. ETC price carried its poor form into 2022, trading mostly under $30 until the end of Q1, when it briefly surged yet again, to breach $50 towards the end of March 2022, but only to lose its ground amidst bearish pressure, and crashing to below $20 in June, 2022.

How ETC works

After the Ethereum hard fork, Ethereum Classic retained most of Ethereum’s original architecture and technical features and continued using the Ethereum Virtual Machine (EVM). Its blockchain is still account-based, comprising ‘contract accounts’ operated through a code (for automatic transaction executions), and ‘external accounts’ which are managed through private keys. The former are referred to as smart contracts, which allow for the creation of decentralized applications (DApps). One of the main aims of Ethereum Classic is to always enable censorship-free execution of such smart contracts. 

Ethereum Classic works based on Proof-of-Work consensus mechanism and uses an upgraded version of ETHash algorithm, called ETCHash. In 2020, after Ethereum’s DAG (Directed Acyclic Graph) exceeded 4GB, Ethereum Classic tweaked the ETHash algorithm to make sure that even GPUs with 4GB memory could continue mining ETC, at least until around mid-2025. Ethereum Classic’s block generation time is 15 seconds and miners are given a block reward of 2.56 ETC per block.

ETC, the native coin of Ethereum Classic, is used to pay for using its computational resources. As in Ethereum, one needs to pay gas fees for the execution of smart contract functions and coin transactions. However, in this case, these fees are paid in ETC coins. This payment goes to miners who validate transactions, perform smart contract computations and add new blocks to the chain. Besides being a payment mechanism for blockchain transactions, ETC, owing to its deflationary nature, is also used as a store of value.

ETC news, updates and highlights

The biggest ETC news to date remains how Ethereum Classic came into being in July 2016. The DAO attack and the entire episode led to the creation of two factions amongst Ethereum followers, with purists siding with the idea of retaining the original chain, thus birthing Ethereum Classic; and the other section going on to create what is popularly known as Ethereum today.

In more recent ETC news, Ethereum Classic integrated with Multichain, widely considered the leader in cross-chain routing protocols. The bridging solution will enable interoperability for the Ethereum Classic network. As a result, projects belonging to other networks will be able to offer support for and migrate easily to Ethereum Classic. 

Frequently asked questions about ETC

  • Can you mine ETC cryptocurrency?

Yes, since Ethereum Classic is a Proof-of-Work blockchain, you can mine ETC coins using computers and specialized hardware including GPUs.

  • Which are some of the best ETC wallets?

Some of the popular ETC wallets are MetaMask, MyEtherWallet, HTC Exodus, Bitski and Atomic Wallet. You can learn more on this page.

  • What can you do with ETC coins?

You can hold your ETC coins and use them as a long-term store of value. It’s also possible to trade them against other crypto coins on popular exchanges.

  • How can you buy Ethereum Classic coins?

You can buy ETC from various reputed crypto exchanges, by paying in a fiat currency, or with other cryptocurrencies, through trading pairs like ETC/USDT, ETC/XRP, ETC/BTC and ETC/ADA.

Ethereum Classic Price36.7232 USD
Market Rank#20
Market Cap5,004,103,857 USD
24h Volume405,025,517 USD
Circulating Supply136,265,383.61 ETC
Max Supply210,700,000 ETC
Yesterday's Market Cap4,964,373,000 USD
Yesterday's Open / Close37.9861 USD / 36.4335 USD
Yesterday's High / Low38.1693 USD / 35.6945 USD
Yesterday's Change
-0.04% ( 1.5526 USD )
Yesterday's Volume286,223,700 USD
Mining Info
Hashing algorithmEtchash
Pools (known)83
Pools Hashrate32.54 TH/s
Network Hashrate27.77 TH/s
By MiningPoolStats
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