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0.00004058 BTC
Market Cap (Rank#114)
17,247 BTC
Vol 24h
5.096143 BTC
Circulating Supply
Max Supply
9 days agocointelegraph
Winnipeg police get provincial funding to beef blockchain forensics unit
The Winnipeg police service received money from the Criminal Property Forfeiture Fund to provide training through the Cryptocurrency Tracing Certified Examiner course.
38 days agocryptodaily
10,000 Aurora Cats To be Airdropped to STRMNFT, Lady Apes Users
STRMNFT registrants and fans of LAC will be given Aurora Cats NFTs via airdrop. According to StreamCoin’s press release, 10,000 Aurora Cats will be awarded to STRMNFT’s first 10,000 users. The collection’s airdrop will coincide with the upcoming public mint of TNC Art Team’s Lady Ape Club (LAC) on STRMNFT and OpenSea. STRMNFT registrants and fans of the Lady Ape Club (LAC) NFT collection will be given Aurora Cats NFTs via airdrop, sources say. According to StreamCoin’s press release, 10,000 Aurora Cats will be awarded to STRMNFT’s first 10,000 users to register on the platform and join the ‘Allow List’. To become eligible, users should first register on STRMNFT, StreamCoin’s dedicated NFT marketplace. They should also follow the social media accounts of the NFT platform and Lady Ape Club. The STRM team revealed that skipping any of the eligibility criteria will forfeit the chance to get an airdrop. Notably, StreamCoin describes Aurora cats as “an artistically-crafted NFT collection” consisting of “fantastic, chic, individualistic cat artworks.” The collection’s airdrop will coincide with the upcoming public mint of TNC Art Team’s Lady Apes Club on STRMNFT and OpenSea on July 6 and 7, respectively. Last week, STRMNFT reported a spurt of more than 5,000 users on its platform since its launch earlier this year. Their listing of LAC was said to be the NFT marketplace’s largest minting campaign. In related news, it was previously reported that LAC chose to mint on STRMNFT given the partnership between TNC and StreamCoin. More than that, an LAC spokesperson admitted that their decision was mainly attributed to STRMNFT having a “promising” NFT ecosystem. 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.
64 days agocryptodaily
Secure Peer-To-Peer Communication Based On Blockchain
From hand-written letters transported by horse-drawn carriages to a few taps on a screen, the ways in which people communicate change as technology evolves. Blockchain, the defining technology of the decade, is the next leap forward. The Power Of Blockchain Effectively, blockchains are long lists of transactions that are maintained and added to by groups of people connected over the internet. These groups are typically called networks, and they ensure that the data stored in blockchains is accurate using automatic processes called consensus mechanisms. Consensus mechanisms settle disputes in the case that attackers were to add counterfeit transactions to a blockchain. In this case, network members compare their blockchain records with the counterfeit transactions, and reject them. Consensus mechanisms enable cryptocurrency networks to settle transactions without central authorities like banks and payment processors, making fraud virtually impossible, and enabling people to save on fees. Blockchain’s Role In Communicatio A new secure messaging app, TokLok, is supporting its development with blockchain. TokLok uses two-layer encryption and advanced privacy techniques to ensure that all message contents, including attachments, are completely private. All communications are contained within private rooms that hosts have full control over. Users can only join these rooms if they are invited, ensuring that prying eyes never catch a glimpse of information that isn’t intended for them. TokLok works well for individuals that need to discuss sensitive topics, or simply don’t want others snooping through their private lives. Businesses and institutions, too, benefit from the level of privacy and security that TokLok provides – trade secrets and mission-critical plans are totally safe. Though these features already make TokLok the most secure and private messenger in the world, TokLok’s leading team of industry experts is pushing the envelope even further. TokLok’s next phase of development involves a secure bluetooth mesh network. Enabling users to send messages directly between phones, this mesh network will entirely remove the need for cellular networks, SIM cards, GMS, WiFi, or ISPs. To support the development of their secure mesh, along with future features and security updates, TokLok is going public via an ICO, or Initial Coin Offering. According to Investopedia, ICOs are the cryptocurrency industry’s equivalent of an IPO, or Initial Public Offering, which is the process by which companies traditionally go public. ICOs utilize blockchain technology and smart contracts to safely and efficiently distribute tokens, saving on processing times and costs. During TokLok’s ICO, the company is selling TOL tokens. Holders with any amount of TOL tokens may see their investments grow as more users sign up for TokLok’s service. Holders with 1000 or more TOL tokens gain lifetime free access to the app, and holders with 5000 or more TOL tokens are entitled to a share of TokLok’s total revenue. After making their purchase, investors will receive tokens via the blockchain. TOL is an ERC-20 token, so all distribution will be efficiently and safely handled by the Ethereum network. By holding TOL tokens, investors are playing a key role in creating a future where people can have truly private and secure conversations, free of censorship, surveillance, and hackers. 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.
65 days agocryptodaily
Three Cryptocurrencies That Will Give You A High ROI In 2022: Uniswap (UNI), Binance Coin (BNB) and Chronoly (CRNO)
ROI, or return on investment, is a performance metric used to assess an investment's efficiency or profitability as well as used to compare the efficiency of many investments. The return on investment aims to directly evaluate the amount of profit made on any given investment in relation to its cost. In this post, we’re looking at three cryptocurrencies that are likely to give you a high ROI, Uniswap (UNI), Binance Coin (BNB) and Chronoly (CRNO). Uniswap (UNI) shows its benefits Just under four years after launching V1, Uniswap has established itself as the world's foremost decentralized crypto trading platform. Uniswap still considers being just at the beginning. Uniswap is confident in its ability to compete with the likes of Binance and Coinbase. In contrast to the other two platforms, Uniswap relies on decentralized protocols, which provides it more flexibility and freedom than the other two. For the same reason that using private keys would boost the cost of user transactions in central systems, using Uniswap is a less expensive alternative. As a result, large-scale trading can be done at a lower cost because of the decentralized platform's advantages. A centralized system's danger of asset loss is non-existent as well. Binance Coin (BNB) has a new path ahead BNB Chain (BNB) has released a new technological roadmap, with the goal of making the network quicker and more decentralized by 2022. Months after Binance Chain and Binance Smart Chain united to become the BNB Chain where the announcement was made at the BNB Chain Revelation Summit. With the deployment of BEP-131, the network will witness increasing decentralization, according to the roadmap. The BNB Smart Chain's increased number of validators is expected to improve security and stability. The BNB Beacon Chain will also open-source the Binance decentralized exchange (DEX) by the second quarter of this year to promote transparency and multi-chain cooperation, according to the document. "Developers can expect to obtain access to the DEX matching engine code, which will be available for free use and development." Users can also expect faster transaction speeds thanks to features that the BEP-126 will deploy by the third quarter of this year. Chronoly (CRNO) going places Chronoly (CRNO) provides crypto investors with an investment alternative that can survive the market's volatility while also providing a solution that has always plagued the luxury watch market. The NFTs Chronoly (CRNO) offers are backed by real-life watches. Since NFTs can be purchased in fractional amounts from as little as $10, investors can diversify their portfolios by acquiring fractions of different rare and exclusive timepieces. Counterfeits have always been a serious problem in the luxury watch industry, costing investors millions of dollars. Chronoly's BlockChain technology avoids such problems by requiring all of its timepieces to be authenticated by a third-party expert. They also cross-reference the watches with lost and stolen records from around the world and locally. Chronoly (CRNO) is one of the most popular cryptos now selling for under $1. Prices have already increased drastically only being in the presale phase. The price per CRNO has gone from $0.01 to $0.04 in less than three weeks and analysts worldwide are predicting a further increase of over 1,000% before the end of the presale on July the 27th. This is a real gem not to be missed, reporters who have covered and studied hundreds of different crypto projects see this placing near the very top. Presale: Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
78 days agocryptodaily
Binance Joins the Neo Council, Initiates Tighter Integration With N3 Infrastructure
Binance Staking, the crypto exchange's staking-focused program, has officially joined the Neo Council. To date, Neo N3's on-chain governance collective has 21 members working to maintain Neo's health and diversity as a network. Neo is an open-source community-driven blockchain platform that boasts the industry's most feature-complete blockchain platform for decentralized applications. From digitization to automation, the management of assets through smart contracts is rendered through Neo's native blockchain infrastructure which includes decentralized storage, blockchain oracles, and an active domain name service. Binance Staking will now take part in the on-chain governance of NEO tokens staked on the contract across a 5-13% APY for a minimum of 0.01 to 0.1 NEO staked, with variable yield based on a vault's lock duration. NEO tokens have previously been traded on Binance but the exchange has neither dealt with nor participated for N3's on-chain governance. As such, the token holders have largely been left out of the GAS rewards which have been distributed to NEO token holders for every added block. With this latest update, NEO holders on Binance Staking will now be able to receive passive rewards with GAS and gain voting power for on-chain governance parameters on N3. In effect, such a democratization of the protocol's on-chain governance will also result in better on-chain security and stability. “We are thrilled that Binance Staking believes in and sees the potential of Neo’s N3. Neo Council members play a key role in driving forward the future of both Neo community and the blockchain sector at large. Binance Staking’s new membership in the Neo Council is expected to bring new diversity to the Neo community and more cross-platform user engagement to both parties," shares Da Hongfei, the founder of Neo. The staking platform had already integrated with Ontology (ONT), Neblio (NEBL), and Qtum (QTUM) before this latest update. It remains to be seen if Binance will stake any other NEO-based assets in the near future. According to Neo, this integration will result in increased seamlessness and an improved symbiotic relationship between their smart token economy and Binance's network and product suite. In effect, this will also increase engagement across their staking channels, as well as for cross-chain transactions utilizing N3's interoperability and token utility. 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.
78 days agocryptodaily
Filecoin (FIL) Presale Investors Made Millions, Could Chronoly (CRNO) Token Holders Be Next?
The Chronoly (CRNO) native token is currently in the first phase of its presale and has the crypto community anticipating a successful presale reminiscent of Filecoin (FIL) back in 2017. The crypto community is bullish on the Chronoly token because the cryptocurrency is backed up by physical value in the form of luxury watches, and investors are scrambling to partake in this opportunity. With the unique and innovative features of this newest arrival, could it be the next Filecoin (FIL) of Presales? A Little Background Filecoin Protocol, a Decentralised Storage Network conducted a private Presale in 2021 and raised $52 million. Afterward, they went public, raising another $205.8 million, making it $257 million in total. It was the highest figure ever made in an Initial Coin Offering (ICO). Filecoin (FIL) has not looked back since then as it is currently trading at $8.35 down from its all time high of $191. Filecoin (FIL) recently announced their plans to make an open-source blockchain network accessible in space, this potential collaboration with Lockhead Martin could spell good news for Filecoin token holders and since a potential uplift in its price. Can Chronoly achieve the same presale success as Filecoin (FIL)? First of all, What is Chronoly (CRNO)? The first foray of luxury watches onto the Blockchain and the world of Crypto. Chronoly is minting NFTs which represent fragments of the value of real-life luxury timepieces like Rolexes, Audemars Piguets and Patek Philippe's etc. This innovative approach is providing a few things that the world of watch sales is in dire need of including: Fractional ownership: makes it possible for anyone to invest. Liquidity: people can easily borrow against their NFTs Digital Authenticity: solves the long-standing problem of counterfeits in the market. An Alternative asset: to stand behind the digital NFTs as a potential stable coin to guard against the unstable crypto market. Currently, the world market of Luxury watches is valued at $64 billion, and its secondary market value is around $18 billion. These are numbers that are expected to grow considerably over the next 3 years. Not only that, the pre-owned segment of the market is currently growing at a tremendous rate and will reach up to $32 billion by 2025.. A lucrative market for investors. However, because of its luxurious nature, it has been unavailable except to a select few. Chronoly (CRNO) is changing that by democratizing and digitizing the market through Non-Fungible Tokens. Let's Take a Closer Look at (CRNO) The process is simple: A vendor produces and sends a physical watch to Chronoly They receive and authenticate it with a third-party expert authenticator and check against past local and international stolen records. These authenticated watches are stored away in safety depositary vaults in different countries. Then Chronoly mints NFT tokens carrying the exact details of the watches and fractionalizes them so that they are accessible to the average investor. This information is stored on a Blockchain so they are easily trackable throughout their lifespan. Investors can now buy, trade in, and lend against their NFTs on the Chronoly marketplace. If they want to redeem the luxury watch out of the vault, they simply have to buy 100% of the NFTs and Chronoly will send the real version of the watch straight to them. Utility Tokens And Other Benefits. So far, the Chronoly CRNO token rallied 100% during their presale last week and is currently trading at $0.02. It has already caught the attention of many crypto investors with experts expecting the price to rise significantly before the presale ends over the next 9 days. In the Post-Terra LUNA crash world, a digital asset backed by a physical one is an attractive investment for anyone in the crypto space and Chronoly offers stability, affordability, and bragging rights, and seems to be the complete package. For information about the Chronoly presale: Website: Presale: Telegram: Twitter:
86 days agocryptopotato
Terra Co-Founders Face Lawsuit from Korean UST and LUNA Investors
Do Kwon is being charged with both fraud and illegal fundraising and may be forced to forfeit his property.
93 days agocryptodaily
UK's State Opening of Parliament highlights crypto
In the UK’s State Opening of Parliament, the UK government outlined the legislative agenda for the next parliamentary year, with Prince Charles highlighting a bill that promised legislation on economic crime and financial services, including cryptocurrency reform. Prince Charles noted that the UK government’s top priority is to “grow and strengthen the economy and help ease the cost of living for families”. Out of the 38 new bills proposed, one new law- the Economic Crime and Corporate Transparency Bill promises to “crack down on the kleptocrats, criminals, and terrorists who abuse [The UK’s] open economy, ensuring we drive out dirty money from the UK”. A further bill that highlighted cryptocurrency was the Financial Services and Markets Bill, which aims to promote the UK as an attractive place to conduct business and invest. One of the key benefits of the bill, as stated in the official government briefing, is outlined as the following: “Harnessing the opportunities of innovative technologies in financial services, including supporting the safe adoption of cryptocurrencies and resilient outsourcing to technology providers.” The briefing note accompanying the speech noted that “the creation of a civil forfeiture power will mitigate the risk posed by those who cannot be criminally prosecuted but use their funds to further criminality”. William Je Founder of Himalaya Exchange commented on how the proposed bills will affect investors, noting: “It seems as though there is now a mounting pressure on investors. For UK tax purposes, crypto assets are usually subject to capital gains tax for individuals who hold them as personal investments on any profit realised. He added: “Investors also need to be aware that there are also instances if an individual is seen to be ‘trading’, ‘mining’ or as part of an employment remuneration package then any profit could be open to income tax. As with any asset if there has been no disposal of the cryptocurrencies there is not usually any tax due as you only pay taxes in the UK on realised profits.” 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.
93 days agocryptodaily
Introduction Many crypto beginners are unaware that cryptocurrencies also offer the potential for passive income. As cryptocurrencies become more and more popular, they create new opportunities for creating money. The goal behind generating passive income with cryptocurrencies is to create money without actively participating in the process. Very few people knew about this concept, and only limited cryptocurrencies are currently utilising this concept. We'll discuss 3 such cryptocurrencies that are supporting this brilliant idea of passive income. This concept enables these cryptocurrencies to provide their investors with added benefits. There are well-known cryptocurrencies like Cardano (ADA), and Solana (SOL) that support this idea of generating passive income through cryptocurrencies, but not many people are aware of it. New cryptocurrency projects like Parody Coin (PARO) can also enable its investors to earn passive income with little or no work. Parody Coin (PARO) Parody Coin (PARO) facilitates the creation, sale, purchase, and access to popular NFTs. It may be a deflationary utility coin that runs on the Binance Smart Chain (BNB). The investor also benefits from the user-friendly interface provided by this project. Its ecosystem includes its decentralised application (dApp) store. The long-term goal of the project is to permit third-party developers to make and launch applications within the ecosystem. These dApps offer a spread of services that facilitate platform development. These include assistance in mimicking the creation, trading, and use of NFTs. Its ecosystem aims to integrate the foremost advantageous features of the NFT market. Users are ready to sell and buy counterfeit NFTs through the platform's NFT Marketplace. The most prominent goal of Parody Coin (PARO) is to resolve the low NFT market access rate caused by excessive charges and costs and to supply features not found within the existing NFT market. The ultimate purpose of Parody Coin (PARO) is to produce all users with a spread of passive income options. It is also possible to join the Parody ecosystem without creating and selling counterfeit NFTs using its revenue sources. Through the Parody Rewards Program, parody currency holders can earn BEP-20 tokens. This solution is meant to lend money through the BNB chain network in exchange for market returns. It enables holders to profit from the investment, furthermore, it also implies that the whole number of coins in circulation will decrease, not increase, over time. Because a large portion of the fees paid by users end up in the burning wallet, where they are wiped and not returned to circulation. Cardano (ADA) Cardano (ADA) is one of the world's largest cryptocurrencies with a market capitalization of $25 billion. The platform has been working on the Proof of Stake Protocol since 2017 to ensure that societies around the world are treated fairly, safely, and transparently. Native American Charles Hoskinson has founded Cardano, a democratic platform where all owners of Native ADA tokens can participate in and vote on network operations and decisions and encourage software changes. This layered blockchain, which promises modular smart contracts for DeFi applications, can be a very solid investment at this time. Solana (SOL) Solana (SOL) is another well-known cryptocurrency that fully supports passive income generation. It is currently ranked as the 7th largest cryptocurrency globally, just ahead of Cardano (ADA), with a market cap of more than $25 billion. It's a decentralised finance DeFi solution that claims to be the fastest blockchain and fastest-growing crypto ecosystem. Additionally, it offers an exciting low cost per transaction price lock and is actively handling thousands of projects related to DeFi, NFT, and Web 3.0 domains. Solana (SOL) is a solid censorship-resistant investment with a solid background, a clear vision, and a guarantee that transactions never stop. For more Parody Coin (PARO) information visit: Presale: Website: 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
95 days agocryptodaily
How Blockchain Will Revolutionize E-Commerce in 2022
Being one of the most talked-about technologies in business, blockchain has the potential to influence major change and create new opportunities for businesses around the world. Its implementation in e-commerce will help businesses save costs, improve efficiency, and boost performance. Bitcoin may be the most well-known example of blockchain technology, but mainstream businesses are increasingly becoming adopters of the technology themselves. Spotify, for example, has acquired Brooklyn-based blockchain startup, Mediachain Labs, whose team will be working on developing better technology for connecting artists and other rights holders with the tracks hosted on Spotify’s service. Just this month, Strike partnered up with Shopify to provide merchants on the platform with a cheaper and faster way to accept U.S. dollars using Bitcoin technology. But blockchain goes beyond crypto payments; the technology is complex, but the idea is simple. Blockchain is a vast, global distributed ledger running on several devices and open to all, and it’s where not just information but anything of value - money, deeds, music, scientific discoveries, votes, etc. - can be stored securely. Consider the music industry as an example - companies like Mycelia have developed songs with smart contracts that enable artists to sell directly to their consumers without the need of the middleman, a.k.a, the label. There is, therefore, strong evidence that blockchain could transform business, government, and of course, e-commerce. It’s no wonder that so many are adopting it at an ever-growing, rapid pace. Given this, blockchain technology revenues will experience massive growth in the coming years, with the market expected to climb to over 39 billion U.S. dollars in size by 2025. This might just accelerate thanks to e-commerce or “c-commerce” marketplaces like exeno making the transition to cryptocurrency easier and more user-friendly. How Blockchain is disrupting the e-commerce space As blockchain technology now gains traction in the global economy, businesses are beginning to realize how its features can solve some of the biggest problems the e-commerce industry is facing. Growth & Scaling Decentralized transactions, with their borderless feature, allow merchants to expand their reach and grow their businesses to heights previously restricted by central authorities. Blockchain technology also allows third-world countries to trade online, as consumers and merchants will no longer need an intermediary to process their payment requests thanks to Bitcoin's peer-to-peer technology. This will lead to a boom in online merchants and massive growth for existing online stores, thanks to their increased reach. Security The nature of a decentralized ecosystem is such that it is impossible to alter the data, thus removing the possibility of any fraudulent transactions. Additionally, due to self-executed smart contracts, business partnerships strengthen and efficiency increases. It creates a trustless environment where users need not know or trust each other to enter into an agreement since any manipulation of the data will be rejected by other members in the network. Counterfeit Products Companies like Amazon are facing a huge problem of counterfeit and substandard products due to difficulty in regulation and selection of vendors, leading to increased returns and customer dissatisfaction. Blockchain technology enables the verification of all information and claims associated with a product. This would help consumers check the purity and quality of the products and thus build trust and loyalty. How will blockchain enhance customer experience? Payment There are several processes and players involved in payment to the vendor; blockchain eliminates the role of the central authorizing body and simplifies the whole process of payment. As a result, the transaction can take place in almost real-time, lowering the operational cost. Exchange Rates The emergence of cryptocurrency has brought about the possibility of a universal currency, allowing consumers and businesses to transact all over the globe without needing to worry about exchange rates. Digital Identity Passwords and authentication requests are proving to be limited in their effectiveness in protecting data, which means it's easy for anyone to login into a website like Amazon or Etsy and steal a user’s credit card information. Blockchain technology can easily replace this system with a digital identity that is safer and easier to manage. In such a case, digital identities will be based on a uniquely random set of numbers assigned to each user on a blockchain network. Modern, Up-to-date Shopping Experience Customer loyalty programs require an upgrade; e-commerce sites across the board are seeing low redemption rates, few customer incentives, and data breaches. With blockchain, however, users can receive loyalty tokens that are interoperable across many programs, and they never expire or lose value, unlike traditional reward points. The switch to c-commerce also opens up greater access for global customers and potential for growth for small businesses. Growing use-cases of blockchain in e-commerce As established, blockchain technology use cases go beyond finance, aiding in solving many of the pressing issues e-commerce has been facing lately. Along with providing added security, fixing the issue of exchange rates, and protecting against counterfeit goods, among others, blockchain can help with inventory control and supply management too. When operators use the blockchain to monitor the supply chain, they can prevent suppliers from replacing certain items while also fostering openness throughout the process. Additionally, blockchain technology allows online businesses and their consumers to save product invoices and warranties. Often, the point of frustration for consumers is when they can’t find their paper receipt to substantiate the warranty coverage for their device, but with blockchain technology, buyers and sellers will be able to conveniently obtain receipts and warranty data and authenticate evidence of ownership. The blockchain revolution is a substantial one, and it is perhaps not something everyone is ready to jump on board with. Some companies in the blockchain space, like exeno, however, are making the transition easier. Their wide assortment of products, worldwide delivery, and simple user interface are already enough to entice online shoppers to make the switch to cryptocurrency. Their established payment gateways and acceptance of several different cryptocurrencies as payment just make the transition for new users even easier. The soon-to-come EXN coin will only tie the entire ecosystem together and provide users the opportunity to buy the local coin and make purchases using it. All this while their personal information and user data are kept protected thanks to blockchain technology. Conclusion There is no end to the possibilities when blockchain technology is combined with a powerful industry like e-commerce. The opportunities to grow and scale businesses, provide customers with added security in the registration and checkout process, and the ability to filter out counterfeit products already make it an attractive option for consumers concerned about privacy and a great shopping experience. It is worth it to learn about this technology and invest so users may start enjoying the benefits, but no such platform exists that actively encourages people to start educating themselves on the possibilities. Luckily, exeno, with its marketplace and offerings, gives customers the opportunity to learn how incredible this technology can be. As more people join the platform, a c-commerce revolution will emerge and affect widespread change, disrupting the traditional giants in this space. 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
102 days agocointelegraph
Bitcoin miners rebut claims made by US Democratic legislators to EPA administrator
In a note authored by Michael Saylor, Nic Carter and Darin Feinstein, the Bitcoin Mining Council alleges that lawmakers can't tell the difference between a data center and a power plant.
104 days agocointelegraph
Rari Fuze hacker offered $10M bounty by Fei Protocol to return $80M loot
DeFi investigator BlockSec’s monitoring system detected a loss of more than $80 million — citing the root cause as a typical reentrancy vulnerability.
106 days agocointelegraph
Internet Computer's ORIGYN is watching the watches using NFT authentication
ICP-powered ORIGYN is leveraging blockchain and biometric technology to tackle the issue of counterfeit watches.
108 days agocryptodaily
Why preventing NFT theft is key
When something with intrinsic value is produced, there will always be somebody who wants it. Theft has plagued history and various industries, and unfortunately (obviously) it also found its way to the NFT scene. NFT artists would often browse their favorite NFT marketplace, only to be surprised to find hundreds of copies of their art put up for sale unbeknownst to them. Commonly an anonymous user will mint an NFT counterfeit that is a screenshot or recording of the real thing. An NFT connoisseur may not fall for such tactics like a newer NFT investor could, but nonetheless producing counterfeits is as easy as a right-click and save, and always permits a prolific issue to the thief with no possibility of money-back. On another note, forcibly stealing NFTs is nearly impossible without a user being hacked, phished, accessing a malicious contract or giving away their password, and more generally theft is much more difficult on a blockchain. Blockchain provides a tool that could benefit any artist transitioning into ownership - if inauthenticity and NFT theft is solved. History of music theft While the immutability of the blockchain offers a certain level of control and protection of assets - real life does not. Music theft is exceedingly common anywhere from producers to music labels, to illegal resellers and counterfeit goods. One of the oldest form of theft for example is stealing CDs by taking data from discs to resell them, or illegally share them on P2P platforms like Limewire or eMule. However, music as a physical medium has dwindled recently as digital media has taken over, but theft is still present and even easier through computer recording or even something as simple as mp3 downloaders. Even streaming, the most commonly used listening medium, was not left aside from this human nature as unverified artists can post songs of other artists very easily. Another theft example we can cite is where a composer found his track on a Spotify profile that wasn’t his, and where the thief could stay anonymous through a certain distributor while benefiting from the tracks payouts. Less common forms of theft also plague the industry as music labels and producers take advantage of their ownership. Kesha wasn’t allowed to leave her contract when she claimed sexual abuse (link). Johnny Cash was removed from his contract when he wasn’t gaining desired revenue (link). An unprecedented legal battle happened to John Foggerty when his record label sued him for plagiarizing his songs (link). Record labels control revenue, as Dr Dre discovered when he got denied a large amount of his digital song revenue (link). The examples of centralized companies stealing and controlling artist revenue are numerous… The artists do not control their music distribution and payouts, digital and physical tracks are still prone to theft to this day, and recovering rights and money from wrongdoing is a very arduous task at hand, necessitating a lot of resources and time. Meteora - music is yours Meteora is an innovative Music NFT platform that is created to solve the music industry's failures. It also provides countless tools to aspiring and professional artists for music production and exploitation, as well as a legal and technical structure for producing NFTs and distributing them. Artists can upload their music to Meteora, and the system takes in charge everything that is needed for distribution: copyright generation, audio treatment… Then all of the data is encapsulated into an NFT that is then sent back to the owner’s wallet. After creating a musical NFT a creator can use it to make sellable NFT copies, make the music available for streaming, or even sell the master as is on the Marketplace. Meteora also features a dual streaming platform that can be accessed through global subscription in the likes of Spotify and Deezer, or via artist subscription that allows listeners to support and pay the artist directly. No centralized company dictating prices, stealing funds, or owning the assets. Meteora offers an open and expansive ecosystem for artists to control their livelihood. In METEORA, in order to be able to upload music independently, artists and music owners need to be identified in order to ensure music ownership in the first place. For this, a KYC verification system is put into place. Once identified, artists and music owners also need to sign an agreement to legally state that they are the true creators/owners of the pieces they will upload in the system. Only then, the upload and minting authorization will be granted to them. Artists are in the center stage at all times, they dictate the prices, how they distribute their music, and are granted all the tools to manage their creation without third parties. In order to participate in this journey and get your Meteora MRA Tokens, the system’s native currency, at the best price possible, we present you the Meteora ICO (Initial Coin Offering), a public MRA sale that will be managed by Lunaris Inc. on METEORA’s website. The ICO will be conducted in three rounds, increasing each time the price of the token. Each round lasts one month. The start date of the ICO is May 5th. These benefits will ensure that Meteora is the perfect place to distribute, trade and create content. By solving issues in the traditional music industry (inauthenticity, label control and theft), Meteora constructs an innovative platform, primed to be the center stage for everything music. With secure verification, a marketplace, a streaming service, creation tools, and pricing options - Meteora is the revolution that the music industry sorely requires. Links Website: Twitter: Telegram: Linkedin: Medium: 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
119 days agocryptodaily
Ronin Hack Traced To Infamous North Korean Hacker Group
Recent investigations have revealed that North Korea’s Lazarus group is responsible for the Ronin Validator Hack on Axie Infinity. US Treasury Identifies Hacker Wallet The United States Treasury Department believes that the North Korean hacking group Lazarus is behind the massive crypto theft from Axie Infinity’s Ronin bridge. The government body has recently imposed sanctions on an Ethereum address, which it believes belongs to the Lazarus group. A government spokesperson has addressed the queries about the investigation, which was conducted in collaboration with the FBI. They said, "Identification of the wallet will make clear to other VC actors, that by transacting with it, they risk exposure to US sanctions…There may be mandatory secondary sanctions requirements on persons who knowingly, directly or indirectly, engage in money laundering, the counterfeiting of goods or currency, bulk cash smuggling, or narcotics trafficking that supports the Government of North Korea or any senior official or person acting for or on behalf of that Government." Multiple sources, like crypto news firm CoinDesk, crypto analytics company Chainalysis, and wallet profiler Nansen, have investigated and confirmed the connection between the sanctioned wallet and the Ronin attack. Crypto and financial tracing firm Elliptic studied the funds lost in the hack and concluded that 14% of them have already been laundered successfully. Ronin Focuses On Security Measures Commenting on the discovery, Ronin Network updated its community via a newsletter on Substack, “Today, the FBI attributed North Korea-based Lazarus Group to the Ronin Validator Security Breach…We are still in the process of adding additional security measures before redeploying the Ronin Bridge to mitigate future risk. Expect the bridge to be deployed by end of month. Security comes first. The timeline is subject to change based on the implementation time of several security measures.” The news of the hack first broke towards the end of last month, when the Ronin Network Twitter handle announcedthat the Ronin Sidechain had been exploited, resulting in the loss of 173,600 ETH and 25.5M USDC, or roughly $625 million based on current prices. Thankfully, the team got support from the community when crypto giant Binance and other investors led a $150 million round to raise funds to reimburse the users affected by the hack. Sky Mavis, the parent company behind Axie Infinity, had already had to dip into its balance sheet funds to accumulate sufficient funds for reimbursement. Sky Mavis COO, Aleksander Leonard Larsen, acknowledged that the process to recover funds could be a lengthy one. However, the team has decided to go forward with it, hoping that they will be able to gain more information about the hack in the time being. 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.
129 days agocryptopotato
DOJ Confiscates $34M Worth of Crypto From Dark Web Hacker
One of the largest cryptocurrency civil forfeiture filings in US history resulted in $34 million being confiscated from a criminal operating on the Dark Web.
178 days agocointelegraph
'Keep Your Coins' bill introduced to restrict government control of crypto
“Been working on that since 2016. Unbelievable that Congress won’t unite to end the unjust, immoral, and unconstitutional practice of civil asset forfeiture,” said congressman Warren Davidson.
179 days agocointelegraph
Counterfeit NFTs result in marketplace shutdown: Experts weigh in
The NFT Platform famous for minting Jack Dorsey’s first tweet has halted NFT operations amidst counterfeiting and illicit activity calls.
194 days agocointelegraph
Singapore firm uses blockchain to battle counterfeit COVID-19 jabs
Zuellig Pharma’s eZTracker platform is using the SAP blockchain to track and verify COVID-19 vaccinations.
200 days agocryptopotato
Crypto is Happening Despite the Crash, Says Former Goldman Sachs CEO
Even though the digital asset market has plunged significantly, Blankfein stated that "crypto is happening."
216 days agocryptopotato
Yarloo: Feisty Pirate Adventures Coming to the Blockchain
Blockchain-based gaming has quickly become one of the most popular topics of discussion and investment in the field of cryptocurrencies. This has to do a lot with the rise of play-to-earn games that took the industry by a storm, especially as the concept of the metaverse became the talk everyone seems to be concerned about. […]
233 days agocryptopotato
Partisia Partners with OriginAll to Tackle Counterfeit Medicine Fraud in Africa
[PR – Zug, Switzerland, 21st December 2021] Partisia Blockchain is joining forces with OriginAll, a Swiss-born technology company, to tackle the massive humanitarian issue of counterfeit medicine and lack of accountability for remittances and charitable donations. The problem of counterfeit medicine pervades across African countries where up to 70% of medicines are fake according to […]
233 days agozycrypto
The US To Return $154 Million Embezzled By Sony Employee And Converted To Bitcoin
The saga that started in May this year with the high-profile embezzlement of $154 million purportedly stolen from Sony by one of its employees who immediately converted it to Bitcoin, is almost coming to an end. The Department of Justice has filed a civil forfeiture complaint to return the embezzled funds. Follow The Money Rei […]
247 days agocryptonomist
Italy and cryptocurrencies, progress of the law on fraud and counterfeiting of means of payment
This is a law with criminal implications The post Italy and cryptocurrencies, progress of the law on fraud and counterfeiting of means of payment appeared first on The Cryptonomist.

About Fei USD

The live price of Fei USD (FEI) today is 0.992366 USD, and with the current circulating supply of Fei USD at 424,996,177.79 FEI, its market capitalization stands at 421,751,930 USD. In the last 24 hours FEI price has moved 0.00591 USD or 0.01% while 118,313 USD worth of FEI has been traded on various exchanges. The current valuation of FEI puts it at #114 in cryptocurrency rankings based on market capitalization.

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

Fei USD Price0.992366 USD
Market Rank#114
Market Cap421,751,930 USD
24h Volume124,619 USD
Circulating Supply424,996,177.79 FEI
Max SupplyNo Data
Yesterday's Market Cap423,273,730 USD
Yesterday's Open / Close0.990037 USD / 0.995947 USD
Yesterday's High / Low0.999886 USD / 0.983737 USD
Yesterday's Change
0.01% ( 0.00591 USD )
Yesterday's Volume118,312.51 USD
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Sorry, no liquidity for this pair
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