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Ethereum Classic price, market cap on Coin360 heatmap

Ethereum Classic(ETC)

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$19.3052
(-3.55%)
0.00113813 BTC
Market Cap (Rank#24)
$2,665,345,238
157,134 BTC
Vol 24h
$44,320,961
2,613 BTC
Circulating Supply
138,063,286.48
Max Supply
210,700,000
21h agocryptopotato
Multi-Chain Wallet BitKeep Officially Connects to WalletConnect 2.0
[PRESS RELEASE – Please Read Disclaimer] The BitKeep mobile terminal is now compatible with WalletConnect 1.0 and 2.0 versions. The Web 3.0 communication protocol WalletConnect has connected to the multi-chain wallet BitKeep, regarding BitKeep as a vital part of the “Wallet + DApp” ecosystem. Users can smoothly experience BitKeep wallet with WalletConnect by scanning the […]
3 days agocryptodaily
What is the future for privacy coins?
A leaked EU proposal to restrict privacy enhancing coins could be a serious worry for this crypto niche. With regulators seemingly on the warpath against any form of monetary privacy, things do not look good for privacy projects. TornadoCash is one example of harsh law enforcement whereby a developer for the project has ended up facing jail time just for writing some of the code. Why privacy-enhancing coins? The blockchain is by definition completely public and transparent. Every transaction that is made is stored forever and anybody can see which wallet it is sent from and which wallet received it. However, in spite of the advantages of transparency, these come with the disadvantage that every single transaction made by someone can be transparently viewed - no matter how private or potentially embarrassing it might be. Those viewing your transactions could be anyone, including your boss who knows your salary history to the exact dollar - pretty disadvantageous for your next salary negotiation. Or how about nefarious actors? Fraudsters, thieves and any other criminals would be able to see how much you are worth and if it’s worthwhile kidnapping you in order to extract your private keys to the wallets you own. The long and short of it is that blockchain technology is not going to be used if this means that people’s financial history is made public. Therefore, this is where privacy-enhancing coins come in. There are various ways in which these work. Some utilise mixers that jumble transactions in order to conceal the wallet identities of the senders and receivers. Cryptographic technologies such as zero-knowledge proofs, homomorphic encryption, and multiparty computation are used to obfuscate the data and make it impossible for any third party to unravel. Why the EU would want to ban privacy-enhancing coins Privacy-enhancing technology is extremely complex and it could easily be imagined that regulators just wouldn’t have the technical know-how with which to grasp and fully understand everything, let alone be able to competently lay out regulations that can keep up with such a fast-moving technological space. The EU view will likely be that privacy-enhancing coins will make it far more difficult to uncover their potential use for money laundering and other illegal activities. The leaked EU proposal The part of the leaked draft that is causing some consternation in crypto circles is the following: “Credit institutions, financial institutions, and crypto-asset service providers shall be prohibited from keeping …anonymity-enhancing coins” This is suggesting that centralised exchanges etc. will not be able to list privacy-enhancing coins. The leaked draft also includes that no transaction over 1000 EUR can remain private. KYC would even be required for amounts under 1000 EUR. This would appear to open the door to a complete restriction on user privacy, and would potentially leave their details open to being doxxed. Dusk Network - privacy with full regulatory compliance The goal for Dusk Network is user privacy for transactions while simultaneously remaining compliant with regulations. Dusk highlights that “privacy is an inalienable right, formally enshrined in the Charter of Fundamental Rights here in the EU”. Dusk also posits that in order to comply with EU GDPR rules, all user data stored on the blockchain must have a proper level of privacy built in, which Dusk provides. The Dusk zero-knowledge proof technology builds in compliance at the core level. The protocol is being developed with KYC for DeFi as an absolute requirement, meaning that users remain compliant as they transact. For example, if the user tries to transact, knowingly or unknowingly, with persons in a sanctioned country, the code will not allow the transaction. Dusk Network is well aware that the regulatory environment is constantly shifting, and for that reason it is constantly monitoring the situation. However, it believes that it has the solution to the problem as explained in a Dusk blog post on the matter: “Auditors are able to ensure that what is happening on our network complies to the regulations, in addition to compliance being built in from the core. If you’re not allowed to turn left, there is simply no option to turn left. You don’t need to monitor that people aren’t turning left, as it were. Institutions are able to use our technology without fears of being penalized as we are compliant with the rules, and users are able to have a system that gives them control over their assets, the chance to use them outside of the crypto sandbox, without having to air their dirty laundry for all to see.” Dusk Network is optimistic for a privacy future that includes regulated DeFi. It also holds the belief that traditional finance needs to merge with blockchain and decentralisation in order to bring a better, faster and more innovative system that can adapt to the modern world that we live in. 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.
4 days agocryptodaily
UnUniFi Protocol raises $1.5M in Seed Round to build the first Decentralized Cross-Chain NFTFi Platform with Auto DeFi Yield
New York, New York, 1st December, 2022, ChainwireUnUniFi is very proud to announce the completion of a $1,500,000 strategic fundraise led by gumi Cryptos Capital, with participation from Coincheck, Hyperithm, MZ Web3fund, Arriba Studio and gC Incubation. “The true utility of UnUniFi is NFTFi functionality with a proprietary valuation algorithm, combined with our interchain yield aggregator.” -Yu Kimura, Founder UnUniFi is a Layer1 blockchain protocol for providing efficient NFT lending through an internal NFT marketplace on the Cosmos ecosystem. UnUniFi protocol started development in Q4 2021, and launched its mainnet in May 2022. This strategic fundraise marks the conclusion of our seed funding round, with the support of venture capital funds and investors from around the world. UnUniFi will use the funding from this seed round for continued development and scalability in line with the Roadmap, with an immediate focus on delivering the product releases and product-market fit (PMF). We are very grateful for such great support so early in our development, and we look forward to realizing our mission “to give every NFT the opportunity to DeFi”. Why is UnUniFi Special? UnUniFi will be the first NFTFi platform to create a proprietary NFT valuation algorithm calculated using real demand data, while allowing its users to generate automatic DeFi yield on borrowed assets. While other NFTFi platforms employ a peer-to-peer or liquidity-pool lending model, UnUniFi combines real demand for the NFT itself with the intrinsic demand for liquidity generation, giving NFT holders faster and more flexible access to lending. This technology is scalable for institutional users and can be implemented externally by other platforms as an NFT valuation oracle. Additionally, UnUniFi's API, client library, Bubble plugin, and frontend incentive module all combine to allow the project to become the first successful ecosystem with a truly “decentralized frontend”. Learn more: How does UnUniFi work? “Many projects have tried to build a financing ecosystem around NFTs, since NFTs have become a significant asset class. However, due to the unique nature of NFTs, low liquidity causes situations where it is hard to recover financing capital. During distressed markets, this becomes a bottleneck. UnUniFi comprises of a marketplace infrastructure with built-in price discovery functionality; this allows liquidity to be secured from the beginning. We believe UnUniFi will be able to create opportunities for the huge market of NFTFi” said Rui Zhang, Managing Partner of gumi Cryptos Capital. What Comes Next? While the completion of the seed funding round represents a huge milestone for our team, UnUniFi's immediate focus is on realizing its Q4 product releases and PMF. These objectives include: bringing to market NFTFi functionality with the ability to collateralize NFTs; the Interchain Yield Aggregator for automatic DeFi yield; enabling of Cosmos IBC (Inter-Blockchain Communication) and more. These core functionalities will help realize the foundations of a truly decentralized NFTFi platform. Through staggered updates and announcements the goal is to continue creating rapid public awareness about the status and availability of our upcoming releases. In order to expand the UnUniFi ecosystem, the team is actively seeking and negotiating with NFT projects (an NFT is not limited to art or pfp. — there are many potential applications in real estate or securities domains, etc.), dApps, and other potential partners to identify strategic partnerships. UnUniFi continues to accept inquiries from external collaborators for consideration, where applicable, and welcome other projects to contact us and join the UnUniFi ecosystem. In the meantime, we continue working on our deliverables and pushing forward in our mission to encourage the widespread adoption of NFTs as a legitimate asset class through practical and usable DeFi technologies. About UnUniFi: UnUniFi is a Layer1 blockchain protocol for providing efficient NFT lending services through an internal NFT marketplace with Auto DeFi Yield, all built on the Cosmos ecosystem. UnUniFi will be the first NFTFi platform to create a proprietary NFT valuation algorithm calculated using real demand data, while allowing its users to generate automatic DeFi yield on borrowed assets through an interchain yield aggregator. UnUniFi aims to be a dApps platform with NFT price information at its core; the internal NFT marketplace provides valuable data for the NFT price discovery function, scalable for usage by external platforms and Cosmos IBC integration. Follow Us: Website | Twitter | Discord | GithubContactChristopher [email protected]
4 days agocryptodaily
Porsche Rolls Out First NFT Drop
Luxury car manufacturer Porsche has become the latest brand to enter the Web3 space by launching its own NFT collection. Porsche’s Customizable NFTs Porsche has announced the launch of its first-ever NFT collection to be dropped in January 2023. The collection will include 7,500 pieces of exclusive digital collectibles designed around the classic Porsche 911 model. The Porsche team collaborated with Hamburg-based designer and 3D artist Patrick Vogel, who will craft each NFT. The unique feature of this collection is that buyers will be able to dictate the design of their individual NFTs by selecting a particular ‘route’ from Performance, Lifestyle, or Heritage. Each of these routes will highlight a specific component of Porsche’s brand identity, which will be reflected through the design and character of the NFT. After a user purchases an NFT, Vogel will work on their input and design each NFT as a special 3D asset in Unreal Engine 5. Other than having a say in how their NFTs will look, owners will also get exclusive access to virtual and real-life events. Executive board member for Sales and Marketing, Detlev von Platen said, “The NFT artworks enable us to take our understanding of modern luxury and the unique brand positioning of Porsche into the digital world.” Porsche’s Big Move Into Web3 Although Porsche had previously auctioned a car sketch as NFT, this new 7500-piece collection will mark its big move into the web3 space. The company is also seeking to incorporate blockchain technology into its business and operations. More specifically, the company is considering shifting the Porsche purchasing experience and supply chain management onto the blockchain. The team is also exploring matters of sustainability through the web3 lens. Lutz Meschke, Deputy Chairman and Member of the Executive Board for Finance and IT said, “We’ve made our commitment for the long haul and our Web3 team has the autonomy to develop innovations in this dimension as well. Innovation management at Porsche also sees potential in the purchasing experience, the metaverse and the supply chain. Vehicle and sustainability issues are also being considered” Porsche Participating In Web3 Event One of the advertising avenues adopted by the brand to promote its NFT drop is organizing a panel on November 30 at The Gateway: A Web3 Metropolis, a five-day festival taking place during Art Basel Miami 2022. During the panel, Porsche team member and visual artist Vexx will discuss the brand’s entry into the Web3 space. Furthermore, the team will also be unveiling an exclusive art installation at the event to launch Porsche’s The Art of Dreams campaign. ​​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.
4 days agocryptodaily
Diversify Your Portfolio With Bitcoin (BTC), Dogecoin (DOGE), And The Hideaways (HDWY)
Bitcoin (BTC), Dogecoin (DOGE), and The Hideaways (HDWY) are three cryptocurrencies that can help you diversify your holdings and lower your overall cryptocurrency-related risk. Given the extraordinary volatility of the cryptocurrency market, every investor needs to employ sound risk management strategies to protect their investment capital. That's where the idea of diversifying your portfolio comes in. By purchasing a wide variety of cryptos and periodically revising your asset allocation, diversification greatly lowers portfolio risk, improving your chances of protecting your holdings and making a profit. Start with researching The Hideaways. Speculators on Bitcoin (BTC) Never Lose Their Optimism Bitcoin (BTC) has had a turbulent beginning to the year, with its price dropping by as much as 70 percent from its peak. As crypto winter descends over the industry, the market decline has wiped off almost $2 trillion in cryptocurrency market value. Bitcoin (BTC) investors have reason to be nervous, but this does not change the cryptocurrency's status as the market leader. As the "king of crypto" Bitcoin (BTC) is an ideal starting point for investors looking to diversify their holdings away from traditional financial products and into cryptocurrency. The continued domination of Bitcoin (BTC) is all but certain now that major financial institutions like JP Morgan, Goldman Sachs, and Morgan Stanley have joined the fray. Dogecoin (DOGE) Sees a Double Digits Price Increase The first meme coin is skyrocketing today as the remainder of the cryptocurrency market is sleeping off its Thanksgiving feasts. According to CoinMarketCap, the value of the original meme coin, which has a market worth of $12.3 billion, has increased by about 15% in the past 24 hours, trading at $0.0937. That's a long way from May 2021, when Elon Musk presented Saturday Night Live and Dogecoin soared to an all-time high of $0.7376. Even though it was founded as a joke, Elon Musk has come to like Dogecoin (DOGE) and has outperformed all other major cryptocurrencies over the past day. Aside from rumors that Elon Musk may implement Twitter payments using Dogecoin (DOGE), it's unclear why Dogecoin (DOGE) is seeing a Black Friday rise. The Hideaways (HDWY): Highest Quality Investment With Outstanding Returns With over 10,000 individuals showing interest in The Hideaways presale, it's safe to say that it will be a huge success. Some things that set The Hideaways apart from other coins are as follows: The fractionalized NFTs created by The Hideaways will be backed by the actual luxury real estate they represent. Rents and staking will provide passive revenue for investors, which will be distributed in ETH and USDT. Smart contract audited by Soildproof means The Hideaways is a safe and legit investment. For those willing to put up as little as $100, The Hideaways offer a once-in-a-lifetime opportunity to buy a piece of luxury real estate anywhere in the globe. Because each investment property has its own unique NFT, you can rest assured that your portfolio's guaranteed minimum value will always track the market value of the underlying real estate. Coins are moving quickly in the presale, which began only a month ago. As a result, The Hideaways (HDWY) is currently priced at $0.08, but crypto analysts forecast a massive price increase of 10,000% by 2023. A purchase today will position you to gain from the project's anticipated expansion in 2022 and 2023 at a price that makes sense. If you're interested in participating in the pre-sale for The Hideaways, click on the links below. Website: https://www.thehideaways.io/ Presale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto 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.
4 days agocryptodaily
Price Forecast: Buy Or Sell Polkadot (DOT) And Ethereum Classic (ETC)
Even though the overall market valuation for cryptocurrencies has fallen below $800 billion, data reveals a few reasons why some crypto are bullish. Polkadot (DOT) and Ethereum Classic (ETC) are hitting new peaks, signaling a sellout or buyout. If you’re a DOT, ETC holder, now is the time to double your profit! But, you should be looking for new coins like The Hideaways if you want potential 100x’s! Polkadot Hit New Peaks Overall time frames, Polkadot's (DOT) value has plummeted noticeably over all time frames, but it has bounced back by 5.1%. The coin is trading at $5.41, which is a record high. The RSI values for DOT are rising, and the indicator is overbought. Polkadot might be the next to reach $6. The cryptocurrency was on an uptrend, opening the door for more increases. Most cryptocurrencies were down, showing how seriously the FTX meltdown affected public opinion. DOT, however, continues to hold its position as the 11th coin with the biggest market capitalization. Should You Sell Ethereum Classic This Week? The price of Ethereum Classic (ETC) has increased 6.6% to $19.26 in the last day. This contrasts with its recent downward trajectory, which lost 6.9% and rose from $20.61 to its current price. ETC's trading volume climbed by 18.0% over the last week, while its total circulating supply increased by 0.23% to reach over 138 million, or approximately 65.49% of its maximum supply of 210.70 million. The $20 barrier level is barely out of reach for the Ethereum Classic. Since resistance is not far from the current price, selling ETC is advisable. The RSI indicators also support the bearish momentum since their moving lines are trending toward the oversold region. Own Your Dreamhouse; Buy The Hideaways Now! Crypto owners are excited to get their hands on premium blockchain prospects. One of the most anticipated projects is The Hideaways (HDWY), which combines fractionalized NFTs with high-end real estate properties. If you buy HDWY tokens, you can invest in fractionalized NFTs. The team issues liquidity by locking team tokens for two years to reap higher returns. Investors can benefit from the $226 trillion market in real estate with a $100 minimum deposit thanks to NFT fractionalization. As an HDWY owner, you can generate income from events, short-term vacation rentals, and property discounts; they offer a higher return on investment than traditional real estate holdings. So what’s stopping you from buying HDWY tokens? Get them now while they still have a $0.072 presale discount! Website: https://www.thehideaways.io/ Presale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto 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.
4 days agocryptodaily
ECB reports Bitcoin’s last stand
The European Central Bank put out a blog yesterday heavily maligning Bitcoin. Rarely being used for legal transactions was one its allegations. The European Central Bank (ECB) published a blog on Wednesday where it said that the number one cryptocurrency was on the “road to irrelevance”. The report pulled no punches and was scathing of Bitcoin. Bitcoin is rarely used for legal transactions Authors Ulrich Bindseil and Jürgen Schaaf included the above subtitle in their report but then made absolutely no reference at all to it within. There was no on-chain data or links to it in the text so it was left to the reader to believe the claim or not. According to blockchain analytics firm Chainalysis, illegal activity on the Bitcoin blockchain made up only 0.15% of the total transaction volume for the year 2021, which is the lowest it has ever been. Therefore the ECB author’s use of such a subtitle might be taken as misleading in the extreme. The illegal transactions section of the ECB blog article was mainly filled with making the case that in the author’s view, the value of Bitcoin was based purely on speculation, and that speculative bubbles were caused by new waves of investors coming in. Regulation can be misunderstood as approval The blog authors wanted to leave no doubt that regulation, when it arrives, does not give crypto any more legitimacy. They deplored the fact that large investors were funding lobbyists, who were in their turn trying to influence lawmakers. The fact that this is how the legislative process works for every single new piece of legislation, crypto or not, did not appear to make a difference. The slow speed of regulation, and the inability for all jurisdictions to agree on it was another area that the ECB complained about. That Bitcoin was perceived by the ECB to be an “unprecedented polluter”, was also shoe-horned into the regulation section. The claim was made that Bitcoin “consumes energy on the scale of entire economies”. However, the comparisons did not include the banking industry. In an article from 2021, Bitcoin Magazine estimated that Bitcoin emitted 70 million Mt of CO2 annually, while bank branches and ATMs produced 400 million Mt each year. Promoting Bitcoin is a reputational risk for banks To end its blog article the ECB posited that Bitcoin was not suitable for payments nor as an investment, and therefore should not be seen as legitimised by regulation. Those in the financial industry were warned as to the reputational damage they could incur by promoting Bitcoin investments for short-term profits. It was felt that as Bitcoin will make further losses, the negative impact on banks that supported cryptocurrency might tarnish the whole banking industry. Of course, it might be wondered just how much more negativity could even be inflicted on the banking industry, given that it has been riddled with fraud and manipulation over many decades. Just for the year 2020 many hundreds of millions of dollars were paid in fines for misconduct by some of the biggest banks and financial institutions. In that year Wells Fargo alone had to pay $3 billion in fines for “historic account fraud stretching back years.” 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.
4 days agocryptodaily
Coinbase Wallet Delists Four Tokens, Crypto Daily TV 1/12/2022
In Todays Headline TV CryptoDaily News: Coinbase wallet ends support to certain tokens. Coinbase Wallet will no longer support the native tokens associated with Bitcoin Cash, Ethereum Classic, Ripple's XRP, and Stellar, effective December 5th, according to an update on the crypto exchange's website. Brazil legalizes crypto as a method of payment. Brazil has not designated Bitcoin as legal tender, but it did the next best thing: it passed a law legalizing cryptocurrencies as means of payment throughout the country, giving a regulatory boost to the adoption of digital currencies and the expansion of the ecosystem. Binance enters Japanese market. Binance has bought Sakura Exchange BitCoin, a Japanese crypto exchange regulated by the country's Financial Services Agency, for an undisclosed sum. With the acquisition, the world's largest crypto exchange entered the Japanese market, adding it to the now substantial list of countries with some degree of regulatory authorization. BTC/USD exploded 4.1% in the last session. The Bitcoin-Dollar pair exploded by 4.1% in the last session. The CCI indicates an overbought market. Support is at 15928.6667 and resistance is at 16798.6667. The CCI points to an overbought market. ETH/USD exploded 6.6% in the last session. The Ethereum-Dollar pair exploded 6.6% in the last session. The CCI indicates an overbought market. Support is at 1134.21 and resistance is at 1267.661. The CCI is signalling an overbought market. XRP/USD skyrocketed 2.8% in the last session. The Ripple-Dollar pair gained 2.8% in the last session after rising as much as 3.2% during the session. The ROC gives a positive signal. Support is at 0.3748 and resistance is at 0.415. The ROC is currently in the positive zone. LTC/USD exploded 3.3% in the last session. The Litecoin-Dollar pair exploded 3.3% in the last session. The MACD is giving a positive signal. Support is at 71.551 and resistance is at 79.731. The MACD is currently in the positive zone. Daily Economic Calendar: JP 10-y Bond Auction The auction sets the average yield on the bonds auctioned off. Yields are set by bond market investors, and therefore they can be used to estimate investors' outlook on future interest rates. Japan's 10-y Bond Auction will be released at 03:35 GMT, the US Initial Jobless Claims at 13:30 GMT, and Germany's Retail Sales at 07:00 GMT. US Initial Jobless Claims The Initial Jobless Claims measure the number of people filing first-time claims for state unemployment insurance. DE Retail Sales Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. NL Markit Manufacturing PMI The Manufacturing Purchasing Managers Index (PMI) captures the business conditions in the manufacturing sector. The Dutch Markit Manufacturing PMI will be released at 08:00 GMT, the UK's 30-y Bond Auction at 10:30 GMT, and Japan's Jibun Bank Manufacturing PMI at 00:30 GMT. UK 30-y Bond Auction The auction sets the average yield on the bonds auctioned off. Yields are set by bond market investors, and therefore they can be used to estimate investors' outlook on future interest rates. JP Jibun Bank Manufacturing PMI The Jibun Bank Manufacturing PMI gives an early snapshot of the health of the Japanese manufacturing sector. 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 agocryptodaily
Solana (SOL) and Polkadot (DOT) Will Look To Improve After Plona (PLON) Raises $500 Thousand.
Why is the blockchain industry important? Before the release of Bitcoin in 2009, people had to manage their finances using banks, financial organisations, and other third-party companies. However, now with cryptocurrencies on the blockchain, we can eliminate these institutions. The recently launched Plona (PLON) token is leading the change in the finance sector. Solana (SOL) struggles after a 5% decrease. The developers of Solana (SOL) created this cryptocurrency to improve the Ethereum blockchain. Launched only in 2020, Solana (SOL) quickly gained popularity and rose to the top 10 of CoinMarketCap. The Solana (SOL) platform is known for its reliable smart contract function and for supporting developers worldwide who create crypto apps. The platform was designed to host scalable apps functioning in the decentralised finance ecosystem (DeFi). A year after its launch, Solana (SOL) scaled by 12,000% in 2021. However, this year saw its market capitalisation fall by a whopping $11.71 billion. Furthermore, Solana (SOL) dropped by another 5% this week. Polkadot (DOT) might lose its investors. Polkadot is a unique protocol that securely connects unrelated blockchains to talk and work with one another. This connection allows the data or value to flow without interruption between cryptocurrencies like Bitcoin (BIT) or Ethereum (ETH). The Polkadot (DOT) platform allows for apps and services running a compatible decentralised web by securely communicating across various chains. Polkadot (POL) can be bought or sold through a decentralised protocol or exchanges like Coinbase and allows users to send value and data to networks that were once incompatible. Polkadot (DOT) would like to forget last week after its value dropped by 4.65%. Now worth $5.91, Polkadot (DOT) sits in 12th place on the CoinMarketCap. If you are looking for a cheaper option, Plona (PLON) might be the right investment for you. Plona (PLON) to $500 thousand in its first two weeks of the presale. Developed by a team of blockchain experts and exotic car enthusiasts, Plona (PLON) is a cryptocurrency blockchain. As an Ethereum-based non-fungible token (NFT), Plona (PLON) functions on the decentralised finance (DeFi) platform. Plona (PLON) is bringing the car industry into the blockchain space by allowing investors to purchase a fraction of some of the world's most luxurious cars for $29. Plona (PLON) platform is locking up liquidity for five years and donating 2% of its tokens to a charity chosen by the community. Furthermore, Plona (PLON) investors will benefit from a 2.5% transaction fee from all network transactions. Plona (PLON) phase one presale has begun, and after only two weeks, the platform has raised $500 thousand. Blockchain experts and crypto analysts have predicted Plona (PLON) to have a 3,000% gain by the end of January 2023. Find out more about Plona (PLONA) and enter the presale using the links below. Presale: https://buy.plona.io Website: https://plona.io Twitter: https://twitter.com/plonatoken Telegram: https://t.me/plonatoken Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
6 days agocryptopotato
Coinbase Wallet Is Dropping Support For XRP, BCH, XLM And ETC
Coinbase is dropping support for Bitcoin Cash, XRP, Stellar Lumens, and Ethereum Classic after reporting a major drop in interest and use from its clients.
6 days agocoindesk
Coinbase Wallet to End Support for Bitcoin Cash, Ethereum Classic, Ripple's XRP and Stellar's XLM
Coinbase will end support for the tokens associated with Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple (XRP) and Stellar (XLM) from its wallet service, according to an update on the company's website.
6 days agocointelegraph
Coinbase Wallet will stop supporting BCH, ETC, XLM and XRP, citing 'low usage'
The crypto wallet plans to stop support for the four tokens on Dec. 5, but added any remaining funds would still be tied to users' existing addresses.
7 days agocryptodaily
VRJAM Announces The Initial Exchange Offering Of Its Revolutionary Metaverse Currency, Vrjam Coin
London, United kingdom, 28th November, 2022, ChainwireVRJAM, the leading platform for Web3 live events, today announced the launch of its revolutionary new digital currency VRJAM Coin will IEO on the 30th of November via exchanges Gate.io and MexC. VRJAM’s and metaverse crypto-coin is currently valued at $US40M and has attracted investment from 15 of the world's leading web3 focussed VC’s and investors. VRJAM first came to market with an ‘alpha state’ product in 2019 and then bootstrapped the business for 4 years, producing double-digit growth year after year. The founder’s tenacious approach ultimately grew the business to become a UK market leader for immersive live events, servicing hundreds of premium content creators and brands along the way. At the start of the month, VRJAM’s public content platform was released after 4 years of development and market validation, download the VRJAM platform app now and dive into the virtual world of 5th Dimension, or create an account on the VRJAM browser application to render a custom avatar and buy VRJAM NFT’s. VRJAM offers a premium content platform for high quality, immersive live events that’s been built based on years of experience servicing clients like Red Bull, Glastonbury Festival’s Shangri La, Twitch (an Amazon-owned company) and even the UK Government’s Creative Industries Council. VRJAM’s technology has also caught the attention of blue-chip tech brands including Google (VRJAM is a member of the elite Google Campus startup accelerator) and the world’s biggest game publisher Epic Games (Epic provided funding and financial support to VRJAM through the prestigious Epic Mega Grants program). The quality of VRJAM’s native currency has been firmly validated by the investments made in the currency to date which total $US2.2M in invested capital, a list of the VCs and investors who've backed VRJAM Coin to date include, NGC Ventures, Sky Vision Capital, DWF Labs, EnjFi, Gate.io Ventures, Animal Concerts, AU21, Stablenode, Axia 8, Enjin, Eight Rings Ventures, Panony, TPS Capital and Oracle Investment Group. VRJAM Coin is somewhat unique in the web3 vertical due to its focus on the consumer use case. VRJAM Coin is also intended to be used by consumers, brands, and content creators to buy and sell products, content and services inside the rich, virtual world built on the VRJAM platform. This fact means that demand for the coin is magnified by its use by consumers and brands. By way of this extra demand, the token price is somewhat insulated from the storms of the crypto markets, offering investors a safer, more stable opportunity. The VRJAM platform offers a wide array of use cases for its cryptocurrency including buying and selling tickets, avatars, backstage passes, premium content and virtual real estate. VRJAM’s virtual real estate model is also unique and offers a smart alternative to the traditional ‘metaverse land’ investment modelo, find out more about this on the VRJAM website. However the most important part, of the consumer use case that VRJAM Coin addresses, is how consumer conversion from Web2 to Web3 happens. VRJAM’s user acquisition strategy relies on collaboration with global brands and content creators, whereby consumer audiences are offered free access to magical experiences on the VRJAM platform. By cooperating with top creators and brands to offer premium content fans can't get anywhere else, VRJAM gains access to a powerful user acquisition strategy that turns the consumer audiences into account owners and coin holders on the VRJAM platform. A few brands and creators VRJAM already works with to activate live events and content on the platform are Animal Concerts, Polygon Studios, Snoop Dogg, Billy Ray Cyrus & Avilla Brothers ‘Hardworking Man’ metaverse project, Roger Sanchez, Umek, DJ Craze, Jay Worra and Stanton Warriors. This strategy is enhanced and accelerated by VRJAM’s play-to-earn rewards program, whereby over $US20M in cryptocurrency will be distributed as consumer rewards and incentives to drive adoption of VRAM's technology. On the 30th of November, a number of key events will combine to create a successful market entry for VRJAM Coin including; the activation of VRJAM’s NFT marketplace via the offering of a range of super rare NFTs from top-tier music artists. The launch of VRJAM’s native.staking pools including farming pools and traditional, time-locked pools to give the VRJAM community opportunities to grow their investment and the launch of VRJAM Coin on 2 of the world’s leading crypto exchanges, MexC and Gate.io. The VRJAM Coin initial DEX offering is live now on 3 of the world’s leading IDO launchpads, Trustpad, Kommunitas and Erax. Head to one of VRJAM’s IDO launchpads to invest and join the VRJAM Community About VRJAM VRJAM is an award-winning real-time platform for premium virtual events and immersive social gaming. The VRJAM platform empowers creators and brands to offer fans inspiring immersive experiences that redefine fan engagement within the Web3 environment. Over the last 3 years, the platform has empowered some of the world’s leading brands and artists to redefine fan experience in digital space including Carl Cox, Ultra Records, Twitch, Red Bull and Fatboy Slim to name a few. These experiences are monetized using VRJAM’s native cryptocurrency, VRJAM Coin and also by way of the creation of revolutionary new types of NFT’s that are native to the virtual world of VRJAM. The live experience features of the platform combine with elegant smart contract infrastructure and crypto native feature sets to create new ways for brands and content creators to render digital content and engage with fans. VRJAM’s community of partners, advisors and investors includes some of the leading brands in the blockchain space including Polygon, and Gate.io as well as an array of top tier consumer brands including the world’s leading game publisher, Epic Games. Web Links Website | Twitter| Telegram | LinkedIn | Reddit | Discord | Instagram | Facebook | CoinmarketCap Content Links VRJAM LOGO Cinematic Trailer https://drive.google.com/file/d/1UylXGeMkQxIkO7g1J9GN1EWbqL5srOQX/view?usp=sharing In-App Gameplay Video https://vimeo.com/manage/videos/745343707/bbce7ed7bc Metaverse Live Event Video https://vimeo.com/manage/videos/750294104 In-App Images https://drive.google.com/drive/folders/1jlxbh26RNpSWXDPVwRfGV27LpSgeXKyx?usp=sharing Header Image https://drive.google.com/file/d/1nhF7CVCjIqQF1wGpiowfjWnTjByHF5F4/view?usp=sharingContactMarketing LeadAshley [email protected]
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About Ethereum Classic

The live price of Ethereum Classic (ETC) today is 19.3052 USD, and with the current circulating supply of Ethereum Classic at 138,063,286.48 ETC, its market capitalization stands at 2,665,345,238 USD. In the last 24 hours ETC price has moved -0.0317 USD or -0.00% while 63,362,164 USD worth of ETC has been traded on various exchanges. The current valuation of ETC puts it at #24 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 Price19.3052 USD
Market Rank#24
Market Cap2,665,345,238 USD
24h Volume44,320,961 USD
Circulating Supply138,063,286.48 ETC
Max Supply210,700,000 ETC
Yesterday's Market Cap2,684,092,000 USD
Yesterday's Open / Close19.4727 USD / 19.441 USD
Yesterday's High / Low20.1404 USD / 19.2304 USD
Yesterday's Change
0.00% ( 0.0317 USD )
Yesterday's Volume63,362,164 USD
Mining Info
Hashing algorithmEtchash
Pools (known)77
Pools Hashrate144.94 TH/s
Network Hashrate130.47 TH/s
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