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GIGA(XG)

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3 days agocointelegraph
UNICEF Giga NFTs to connect schools in developing countries to internet
The popularity of NFTs drives fundraising experiments for UNICEF's Giga initiative to connect more schools around the world to the internet.
14 days agocointelegraph
What is PAX Gold (PAXG) and how does it work?
PAX Gold is a cryptocurrency and gold hybrid that bridges the gap between the two investment options. It offers the security and stability of cryptocurrencies.
18 days agocryptodaily
Uniglo (GLO) Vault will Back Value with Cryptos and NFTs Like Bored Ape Yacht Club
Cryptocurrencies in the decentralized finance (DeFi) space are borne out of a combination of advancements in blockchain technology and the need for alternatives to fiat. The world has long relied on fiat money as its currency. However, while fiat used to be backed by gold, today it is no longer backed by anything. One of the main problems that this created is having no limit to fiat money issuance, which could lead to hyperinflation. Today, however, cryptocurrencies are available. Cryptos can be developed with a fixed supply and managed with a disciplined approach to issuance and distribution. A special asset class within cryptos, however, wants to additionally address the volatile pricing in the market by backing their currencies with assets. Within this asset class is Uniglo(GLO), a new decentralized project that will be underpinned by digital currencies and non-fungible tokens (NFTs) same as Bored Ape Yacht Club, Pax Gold (PAXG), and Bitcoin (BTC). The Uniglo Asset Vault Underpinned by digital currencies and digitalized, real-world and rare NFTs contained in a special community vault, Uniglo’s GLO token is designed to withstand market fluctuations and price volatility. The amazing selection of assets within its vault will also drive the demand for GLO such that when the community starts to burn GLO tokens repurchased from the secondary market, the price of the token will soar. GLO essentially returns to a model that is backed by tangible assets. Rather than applying the gold standard, however, Uniglo will create and manage a Vault filled with valuable digital and digitized assets. With this kind of mixture, Uniglo can hedge against market instability but at the same time take advantage of the speculation-based growth of digital currencies. Bored Ape Yacht Club The Uniglo Vault could include Bored Ape Yacht Club, which is a collection of 10,000 unique digital collectibles on Ethereum. This collection has a very strong brand identity, which it could potentially use as a stepping stone toward building a legitimate section of the metaverse. This collection recently made headlines when big-time rappers Eminem and Snoop Dogg gave their performance of their song "From the D 2 The LBC" through a Metaverse-inspired animated video that featured Bored Ape Yacht Club NFTs. Pax Gold (PAXG) Pax Gold is also similar to Uniglo because it is asset-backed. One PAXG represents “one fine troy ounce of a London Good Delivery gold bar.” The issuers of PAXG, Paxos, essentially want to offer exposure to gold markets without relying on derivative products. PAXG is, therefore, pegged against gold assets while Uniglo’s GLO could be pegged to gold and other real-world collectibles. This means Uniglo can incorporate Pax Gold into its vault. Bitcoin (BTC) To maximize the earning potential of GLO, Uniglo will also purchase digital currencies that are speculative and not necessarily backed by real-world assets. Uniglo will purchase assets such as Bitcoin which are speculative and volatile but have a track record of price surges that could generate massive wealth for GLO holders. Final takeaway The Uniglo project is essentially an optimized approach to earning from cryptocurrency and digitized assets, hedging against crypto volatility while keeping itself stable with traditionally appreciating real-world assets. It is an ideal investment for long-term wealth accumulation and asset ownership. Find Out More Here: Join Presale:https://presale.uniglo.io/register Website:https://uniglo.io Telegram:https://t.me/GloFoundation Discord:https://discord.gg/a38KRnjQvW Twitter:https://twitter.com/GloFoundation1 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.
19 days agocryptodaily
Uniglo (GLO) Vault will Back Value with Cryptos and NFTs Like Bored Ape Yacht Club, Pax Gold (PAXG), and Bitcoin (BTC)
Cryptocurrencies in the decentralized finance (DeFi) space are borne out of a combination of advancements in blockchain technology and the need for alternatives to fiat. The world has long relied on fiat money as its currency. However, while fiat used to be backed by gold, today it is no longer backed by anything. One of the main problems that this created is having no limit to fiat money issuance, which could lead to hyperinflation. Today, however, cryptocurrencies are available. Cryptos can be developed with a fixed supply and managed with a disciplined approach to issuance and distribution. A special asset class within cryptos, however, wants to additionally address the volatile pricing in the market by backing their currencies with assets. Within this asset class is Uniglo (GLO), a new decentralized project that will be underpinned by digital currencies and non-fungible tokens (NFTs) same as Bored Ape Yacht Club, Pax Gold (PAXG), and Bitcoin (BTC). The Uniglo Asset Vault Underpinned by digital currencies and digitalized, real-world and rare NFTs contained in a special community vault, Uniglo’s GLO token is designed to withstand market fluctuations and price volatility. The amazing selection of assets within its vault will also drive the demand for GLO such that when the community starts to burn GLO tokens repurchased from the secondary market, the price of the token will soar. GLO essentially returns to a model that is backed by tangible assets. Rather than applying the gold standard, however, Uniglo will create and manage a Vault filled with valuable digital and digitized assets. With this kind of mixture, Uniglo can hedge against market instability but at the same time take advantage of the speculation-based growth of digital currencies. Bored Ape Yacht Club The Uniglo Vault could include Bored Ape Yacht Club, which is a collection of 10,000 unique digital collectibles on Ethereum. This collection has a very strong brand identity, which it could potentially use as a stepping stone toward building a legitimate section of the metaverse. This collection recently made headlines when big-time rappers Eminem and Snoop Dogg gave their performance of their song "From the D 2 The LBC" through a Metaverse-inspired animated video that featured Bored Ape Yacht Club NFTs. Pax Gold (PAXG) Pax Gold is also similar to Uniglo because it is asset-backed. One PAXG represents “one fine troy ounce of a London Good Delivery gold bar.” The issuers of PAXG, Paxos, essentially want to offer exposure to gold markets without relying on derivative products. PAXG is, therefore, pegged against gold assets while Uniglo’s GLO could be pegged to gold and other real-world collectibles. This means Uniglo can incorporate Pax Gold into its vault. Bitcoin (BTC) To maximize the earning potential of GLO, Uniglo will also purchase digital currencies that are speculative and not necessarily backed by real-world assets. Uniglo will purchase assets such as Bitcoin which are speculative and volatile but have a track record of price surges that could generate massive wealth for GLO holders. Final takeaway The Uniglo project is essentially an optimized approach to earning from cryptocurrency and digitized assets, hedging against crypto volatility while keeping itself stable with traditionally appreciating real-world assets. It is an ideal investment for long-term wealth accumulation and asset ownership. Find Out More Here: Join Presale: https://presale.uniglo.io/register Website: https://uniglo.io Telegram: https://t.me/GloFoundation Discord: https://discord.gg/a38KRnjQvW Twitter: https://twitter.com/GloFoundation1 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.
25 days agocryptodaily
What The AMD and Nvidia GPU Price Cuts Mean For Crypto
Proof of work mining for blockchains such as Bitcoin and Ethereum have gone a long way, and while the Ethereum merge is on its way, the price of GPUs and ASIC mining equipment have slowed down from its notorious spikes. According to a report by Xiao Junhui of Taiwan Economic Daily, Nvidia, one of the largest manufacturers of GPUs, is set to cut down on its GPU prices due to overstock issues. This statement was made in reference to Nvidia CEO Huang Renxun's recent disclosure of the overstock issues, hence the resulting price reduction for majority of its GPU products. Renxun also shared that the move was also influenced by the mounting pressure to cooperate with demands from Taiwan-based silicon factories and chip fabrication facilities. The value of Bitcoin, at one point, has fallen drastically from a previous all-time high of roughly $68k. This has also prompted miners to reconsider their positions and investments for the alpha cryptocurrency, as well as the actual, long-term viability of proof of work-based mining with GPUs. Nvidia itself has recently stated that its earnings, as Ethereum miners have moved away from GPU-based mining due to the forthcoming merge. Both Nvidia and its competitor, AMD, have released crypto-specific GPUs, a move that's seen as a response to the high demand between 2020 and 2021 for GPUs that cater to crypto mining needs. However, as the open market for GPUs have stabilized while the worldwide silicon shortage continued, demand for crypto mining GPUs seems to have waned off. For some time before this year, the shortage of GPUs has been reported across a range of industries, and the crypto miner market has been buying up the restricted supply of GPUs in large quantities, with scalpers then selling them off second-hand at exorbitant rates. This is in contrast with what Nvidia and AMD are now reporting and referring to as their "overstocked" inventory. According to reports, the two firms will likely set a new wave of price reductions come September. OEMs (original equipment manufacturers) such as Asus, Gigabyte, and Palit have not confirmed yet how this will affect their own pricing figures, but its good news nonetheless for gamers and content creators who also need GPUs for their daily drivers. The consequences of these news on supply shortages and GPU price slides amid a still ongoing global recession and pandemic will likely create ripples in the crypto space. The expense of sustaining GPU mining at home or even through a warehouse can be disastrous, even for experienced miners. The market might see another big dump of GPUs being sold off as people abandon GPU mining, or we could see a slight increase in GPU prices as the industry moves to adopt ASICs that have been developed by Bitmain and other firms. It's still too early to tell how these will affect GPU sales and crypto-mining in general, but these new conditions are shaping up to be another big factor in how we'll see the overall crypto market close out as the year ends. 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.
27 days agocryptodaily
EV3 is bullish IoTeX will return data control, benefits to people
The California-based venture capital firm invested in MachineFi Lab, IoTeX’s core developer, because of its potential to unlock data value for users in ways never before seen For several years now, experts around the globe have agreed that data has become the most valuable commodity worldwide. In 2017, The Economist wrote that "the world's most valuable resource is no longer oil, but data." The article also stated that "such dominance has prompted calls for the tech giants to be broken up, as Standard Oil was in the early 20th century." Reea Global agreed with The Economist. It wrote, "it is official —data is now the most valuable asset in the world, ahead of oil," and added that "97% of businesses use data to power their business opportunities, and for 76% of businesses, it serves as an integral part of forming a business strategy." And Mahesh Ramakrisnan, Escape Velocity Ventures Co-Founder, recently wrote an Op-Ed on IBTimes saying that, “giving people the ability to monetize their own data could drive the most significant social transformation since the New Deal, as crypto-economic platforms allow people to unlock hundreds of billions of dollars by enriching their own data with context.” IDC predicts the data universe will total 175 zettabytes or 1 trillion gigabytes. If you were to download this data to your computer, it would take 1.8 billion years to happen, TechCrunch said. It also said it agrees that it is the world's most valuable resource but also the most vulnerable. The convergence of the Internet of Things (IoT) and blockchain will significantly reduce the possibility of a data breach, hack, or attack, said The Digital Speaker. However, more importantly, IoTeX's blockchain technology is built to give back to users control over their data so they can benefit with rewards, revenue, and profit. Universal income worth $10,000 per person "You (IoTeX) are going to unlock data in a way the world has never seen before," Mahesh Ramakrishnan said. His firm is a thesis-driven venture capital firm focused on early-stage decentralized networks. EVV is one of the several investment firms participating in the $10 million MachineFi Lab seed round. Ramakrishnan explained that if you analyze the earning potential IoTeX's MachineFi technology is unleashing for users and put it into perspective with the trillions of dollars that Google and Facebook have generated, the benefits for the genuine owners of data are significant. "(In the US) There's $600 billion of advertising-related value from Google and Facebook alone," he indicated. "There are 300 million Americans. Each American is creating $2,000 of data value themselves." With MachineFi, that data value could increase five-fold, Ramakrishnan noted. "That's $10,000 of value that each person is creating. You could start creating universal basic incomes based on people's data," he said.l "You could really start reshaping social safety nets. Data is money. Data is information. Information is money." He reiterated: "We really see IoTeX enabling this massive unlock in partnership with MachineFi (Lab) to monetize this data at a never-before-seen scale. And we think that monetization is simply going to drive a huge amount of productivity and value that did not exist before." Helping achieve mass adoption Currently, there are nearly 20 billion IoT-connected devices and machines. That number could reach 60 billion by 2025 and 125 billion by 2030. Billions of people own smartphones and other intelligent gadgets and vehicles that at present are centralized, so off of the blockchain and not in crypto. IoTeX Head of Business Development Larry Pang told Ramakrishnan that his team views machines and devices as becoming the most significant users of blockchain. And their owners, the users, will benefit from the intelligent device and machine connectivity. "This is what will help reach a more critical mass, not just the investor base. This is really going to bring the next big wave of people into crypto," Pang said. There is an increasing understanding among people of the need to own their data, and control their smart devices and machines. This is now possible thanks to MachineFi. Ramakrishnan said, "I totally agree," and added: "That is what MachineFi can do by empowering people, not by doing anything other than just living their daily lives and carrying a bit of technology with them, creating more value for themselves." Coincidentally, Draper Dragon Senior Associate Kavan Canekeratne said that bringing in the next significant wave of people into web3 is precisely what his company seeks, which is why they invested in MachineFi Lab. "What we look for are companies that will help bring the next wave of people into the crypto economy," said Canekeratne. "And what I mean by that is that (web3) right now it's been built by developers for developers. So, how do we make it an ecosystem that's usable by everybody? And I think those will be the next great companies." Data in the right hands: the user It is crucial to understand that Escape Velocity's objective is to get involved with companies with a future-thinking approach to building the technology to enable connectivity for billions of devices. "We at Escape Velocity were trying to figure out how you could bring to blockchain the longer tail of devices that exist in the world and how you could start to get them earning," Ramakrishnan reiterated. "We were fortunate to come across IoTeX a couple of years ago." Ramakrishnan and his team see immense value in the democratization of data. They see it that way because when users control their data, they can share it where it has more value—in other words, returning data ownership to their rightful owners. "It is very clear to us that data that is in someone's hands, which are the right hands, is far more valuable," he said. He explained that MachineFi Lab has built a platform to put data in the hands of the right people. This is very valuable because now people can share their data with people who value that data more highly. "For example, if my allergist has access to my allergy data, then it's a hundred times more valuable to him than if my auto repair guy owns my allergy data," he said, highlighting that this is why he and his firm are so bullish on MachineFi. MachineFi is about to explode in unprecedented ways with the upcoming release of W3bstream, which enables developers to build an infinite variety of machine financialization use cases that will decentralize a machine-sharing economy worth up to $12.6 trillion by 2030. Soon, users worldwide will earn from their own data, which is estimated to be worth $3,000 per person yearly. 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.
27 days agocryptodaily
Bitcoin Depot plans to list in the US in a deal valued at $885 million, Crypto Daily TV 29/08/2022
In Todays Headline TV CryptoDaily News: Bitcoin Depot plans to list in the US in a deal valued at $885 million Fintech Bitcoin Depot plans to list in the United States by merging with blank check company GSR II Meteora Acquisition Corp in a deal valued at $885 million, the companies said. Post-merge changes. Antpool to stop supporting Ethereum assets after Merge. Popular bitcoin mining pool, Antpool has announced its intention to stop managing Ethereum-oriented accounts after the completion of the merge. Antpool directed every participant in its mining pool to integrate Ethereum withdrawal addresses before September 3. According to the protocol, this will enable them to receive their accumulated Ether tokens. 33 gigawatts. Texas crypto-mining rush may need as much power as entire state of New York. Enough miners have applied to connect to Texas’s power grid to use up to 33 gigawatts of electricity, the Electric Reliability Council of Texas, which runs the system, said in an email. That’s a third more than what the grid operator’s chief executive officer said in April that officials were preparing to handle over the next decade. BTC/USD saw a minor dip of 0.1% in the last session. The Bitcoin-Dollar pair saw a minor dip of 0.1% in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 19573.3333 and resistance at 20593.3333. The Ultimate Oscillator is giving a positive signal. The last session saw ETH fall 0.4% against USD. The Ethereum-Dollar pair dropped 0.4% in the last session after rising as much as 1.1% during the session. The ROC's positive signal contradicts our overall technical analysis. Support is at 1417.0933 and resistance at 1554.9533 The ROC is giving a positive signal. XRP/USD rose 0.3% in the last session. The Ripple rose 0.3% against the Dollar in the last trading session. The Stochastic-RSI indicates an oversold market. Support is at 0.3196 and resistance at 0.3524 LTC/USD exploded 3.8% in the last session. The Litecoin-Dollar pair skyrocketed 3.8% in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 51.1767 and resistance at 54.2967 The Ultimate Oscillator is giving a positive signal. Daily Economic Calendar: JP Jobs / Applicants Ratio The Jobs to Applicants Ratio released by the Japan Institute of Labour is obtained by dividing monthly active job openings by monthly active applications. Japan's Jobs / Applicants Ratio will be released at 23:30 GMT, Australia's Retail Sales at 01:30 GMT, the US Dallas Fed Manufacturing Business Index at 14:30 GMT. AU Retail Sales The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. US Dallas Fed Manufacturing Business Index The Dallas Fed conducts the Texas Manufacturing Outlook Survey monthly to obtain a timely assessment of the state's factory activity. FI Consumer Confidence The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. Finland's Consumer Confidence will be released at 05:00 GMT, Japan's Unemployment Rate at 23:30 GMT, the US 3-Month Bill Auction at 15:30 GMT. JP Unemployment Rate The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market. US 3-Month Bill Auction Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive by holding the bond until maturity. 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.
55 days agocoindesk
Compañía dueña de Socios.com invierte $100M en el desarrollo Web3 del FC Barcelona
Chiliz ha adquirido una participación de 24,5% en Barca Studios, el área de contenido digital del gigante del fútbol.
67 days agocryptodaily
Tesla Sells $936M Of Bitcoin Reserves
The car manufacturing company has sold almost all of its BTC reserves, retaining only 25% of the Bitcoin it purchased last year. Tesla Unloaded BTC in Q2 On Tuesday, Tesla’s earnings report for the second quarter of 2022 was released. The report revealed that the company had converted most of its Bitcoin holdings into fiat currency, earning around $936 million in cash for its balance sheet under “proceeds from sales of digital assets.” The sold-off assets comprised 75% of the firm’s Bitcoin holdings, as it had purchased $1.5 billion worth of Bitcoins in February 2021. However, it had sold off around $272 million of these holdings in the first quarter of 2021. After the most recent selloff, the company now holds around $218 million of Bitcoin. Musk Claims Liquidity Concerns Tesla CEO Elon Musk addressed the matter during an earnings call with analysts on Wednesday. He explained that the sell-off was not a “verdict on Bitcoin.” Instead, it resulted from liquidity concerns due to covid shutdowns in China. He is referring to the two-month-long COVID shutdown in Shanghai, where the Tesla Gigafactory was briefly closed to stop the spread of the coronavirus. On top of that, parts shortages and shipping disruptions also caused further delays in production and deliveries. As a result, Tesla’s operations fell short of their targets. However, Musk has also said that the company would be open to increasing its Bitcoin holdings in the future. Tesla CFO Explains Sale The earnings call also included Tesla CFO Zachary Kirkhorn, who revealed that the sale was for “a realized gain,” which means that the company sold the crypto at a higher price than it purchased it. However, he also pointed out that the remaining Bitcoin in its holdings is worth much less than their buying price, indicating that the drop in the crypto’s prices has been significant enough to offset the profit from the 2022 Q2 sale. According to Kirkhorn, the actual net result was a $106 million cost to the company’s balance sheet. Musk’s BTC Disillusionment In early 2021, the car manufacturing company also announced that it would accept the premier crypto payment for Tesla cars. However, later in 2021, Musk announced that the company was holding off the BTC payment option due to its energy-intensive mining process. Since the Tesla brand is all about sustainability, the high energy consumption of Bitcoin mining posed a problem. The CEO also clarified that Tesla would reconsider opening up the payment option if Bitcoin could switch to a more sustainable model. 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.
70 days agocointelegraph
Crypto recaptures $1 trillion market cap: BTC hits $22K, ETH 'giga mooning'
The total market capitalization for all of the cryptocurrencies has surged past $1 trillion in a day of big green candles.
93 days agocointelegraph
Bitcoin network power demand falls to 10.65GW as hash rate sees 14% drop
The Bitcoin network recorded the year 2022’s lowest power demand of 10.65 gigawatts (GW). At its peak, the BTC network demanded 16.09 GW of power.
95 days agocoindesk
Gigantes tecnológicos crean un foro de estándares para el metaverso con normas de software y terminología
Meta, Microsoft, Nvidia, Unity, Sony y otras 30 empresas se unen para construir la infraestructura de un metaverso interoperable.
101 day agocryptodaily
Draper Dragon says MachineFi empowers users to own the trillion-dollar machine economy
Draper Dragon, founded by Tim Draper, Andy Tang, Bobby Chao and Larry Li, said that IoTeX's new MachineFi paradigm provides an answer to the question of who is going to own the trillions of dollar value in the future machine economy. “MachineFi allows machine resources and intelligence to be financialized, delivering value and ownership to users rather than centralized corporations,” the investment firm said in a blog. The investment firm’s blog follows similar posts by Xoogler Ventures and Samsung Next. Each firm participated along with Draper Dragon in the IoTeX MachineFi Lab $10 million seed round funding. Draper Dragon said there are huge gaps in security, privacy, and interoperability that restrict the potential of the Internet of Things, and criticized that centralized corporations have controlled and profited from users' data for decades, leaving them vulnerable to hacks. MachineFi is the clear solution: Draper Dragon "IoTeX's new MachineFi paradigm provides an answer to the question of who is going to own the trillions of dollar value in the future machine economy,” Draper Dragon wrote. “MachineFi allows machine resources and intelligence to be financialized, delivering value and ownership to users rather than centralized corporations." IoT will significantly impact people's lives globally. Smart devices and machines will be present in virtually every home and workplace by the end of this decade. Smartphones today are already in the hands of 6.6 billion people, according to Statista and Ericsson. By 2025, analysts estimate 41.6 billion smart devices will form the global IoT and generate 80 trillion gigabytes of data. By 2030, IoT devices are expected to create $5.5 trillion to $12.6 trillion value, according to McKinsey. "We observe that the current Web2 infrastructure facilitates monopolized ownership of the future workforce and does not have the critical pillars necessary for a new machine economy," added Draper Dragon, a cross-border venture fund that connects Silicon Valley and Asia. IoTeX's MachineFi platform is the new engine for the growing machine economy. It allows builders to innovate collaboratively, users to own their data, and a free market for data from everyday activities, the blog adds. "We believe that devices running on the IoTeX platform have the potential to reshape the understanding of privacy and everyday life drastically," the blog says. It explains that "MachineFi accomplishes this by introducing "proof of anything.” MachineFi enables users to earn digital assets and reputations through their real-world actions, bridging together the metaverse and the physical realm in exciting ways, the investment firm said. A high-performance blockchain MachineFi Lab has built a technological platform based on a high-performance public blockchain with off-chain computing for devices and machines, cross-chain bridges, wallets, and the MachineFi marketplace. It enables developers to connect machines with Web3 infrastructure to create digital products, Draper Dragon pointed out. "We see our investments into both MachineFi and IoTeX falling into a larger pattern of traditional sectors integrating Web3 as a tool to give ownership of data back to end-users," said Draper Dragon, which has invested in Coinbase, Ledger, Oasis, VeChain, CertiK, and other leaders in the Web3 space. Draper Dragon went on to say that MachineFi's role as a decentralized network has many opportunities for shared autonomous vehicles and more. "We are excited by how MachineFi is leveraging blockchain technology to realize the full potential of Web3 and IoT," it added. "We are thrilled to partner with IoTeX's seasoned team of cryptographers and research scientists. Their prior experiences with innovation in the IoT economy support our strong belief they are the right team to execute such a bold vision." The investment firm said that "as the machine economy continues to expand, it is important the ownership and value of data remain in the hands of its users as opposed to concentrated in the hands of a single corporation." 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.
120 days agozycrypto
XRP Whales On A Gigantic Accumulation Spree As Ripple Mulls Going Public After SEC Lawsuit Ends
XRP's silver lining could also be pegged to the fact that Ripple has been doing more outside the price factor.
122 days agozycrypto
LUNA Eyes Gigantic Comeback As Crypto Exchanges Throw Their Weight Behind “Terra’s Rebirth”
Terra has stated that the new chain will support all assets, chains, bridges, and Centralized exchanges (CEXs), enabling those who receive their tokens to...
126 days agozycrypto
Terra Gains 100% Amid ‘Insane Volatility’ As Analysts Remain Split On A Gigantic LUNA Recovery
After days of showing little to no effort in its performance post-price crash, LUNA is now seeing sparks of extreme volatility in its price performance.
128 days agozycrypto
Bitcoin Price To Take Some More Pain For A Much Gigantic Gain — Bloomberg Analysts
In a May report published midweek, the senior commodity strategist at Bloomberg called for calm despite markets’ continued bleed under the reels of macroeconomic headwinds.
129 days agozycrypto
New Data Shows South Koreans Heavily Accumulating LUNA In Hopes of A Gigantic Price Rebound
South Koreans are laboriously purchasing Terra's native token undeterred by the massive crash last week.
151 day agocryptopotato
Riot Blockchain To Build a Private Electricity Station For its Bitcoin Miners
The bitcoin mining company, Riot Blockchain, will create a power station in Texas that will supply up to 1.7 gigawatts of energy.
153 days agocoindesk
Bitcoin's Correlation With Gold-Backed PAXG Token Weakens to Record Low
Bitcoin's inverse correlation with PAXG represents the leading cryptocurrency's recent behavior as a risk asset rather than a store-of-value.
174 days agocryptodaily
Intel Launches Blockscale ASIC Mining Chip
Intel, the tech industry's largest semiconductor chip manufacturer by revenue, has launched a new application specific integrated circuity (ASIC) designed for mining proof-of-work blockchains that use SHA-256 encryption such as Bitcoin and Ethereum. Officially named as Blockscale, the new mining chip is reportedly designed for energy-efficient blockchain hashing. Based on Intel's official press release for the product launch, the Blockscale ASIC mining chip has a hash rate of up to 580 gigahash per second, which when converted amounts up to 0.58 terahash per second (TH/s). The energy-efficient chip features a thermal power design that consumes up between 4.8 to 22.7 watts of power based on configuration. The energy efficiency for Blockscale is rated at 26 joules per terahash (J/TH). The Blockscale ASIC mining chip series is designed with combinatory stacking, allowing miners to stack up on the chips and daisy-chain these circuits into one mining rig. Up to 256 integrated circuits can be stacked into one chain, according to Intel. "Intel is committed to advancing blockchain technology in a responsible way, and we’re proud to collaborate with and provide solutions to companies that are creating a more sustainable cryptocurrency ecosystem globally. The Intel Blockscale ASIC is going to play a major role in helping bitcoin mining companies achieve both sustainability and hash rate scaling objectives in the years ahead," shares Jose Rios, general manager of Blockchain and Business Solutions in the Accelerated Computing Systems and Graphics Group at Intel. By comparison, the main competitor to this chip is Bitmain's recently released Antminer S19 Pro, which has 110 TH/s in hash rate, with an energy efficiency rating of 30 J/TH. If Intel's integrated circuit chaining limit of 256 of the Blockscale chip stacks up, it can produce a theoretically faster hash rate of 148.5 TH/s, with power consumption going between 1,228 to 5,811 watts. According to Intel, Blockscale mining chips are scheduled for shipment and release to the global market by Q3 2022. Intel has partnered with Argo Blockchain, Block, Hive Blockchain Technologies, and GRIID Infrastructure to be among the first crypto mining firms to receive the new chips and develop firmware based on the integrated circuits' capabilities. 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.
179 days agocryptodaily
UniX Gaming Launches World’s First Playable AAA MMO Web3 Game, Delysium
Zug, Switzerland - UniX Gaming, a leading guild in the space had recently announced the launch of their launchpad, Final Round. They are now set to launch Delysium, the world’s first playable AAA MMO web3 game, as their first game on the Final Round launchpad this year. Delysium has closed their private sale with an oversubscribed investment round, validating their AAA rating. UniX Gaming is on the road to become the virtual economy's first digital nation, leveraging its own community assets as well as a DAO token in the metaverse. UniX combines gaming talent with training, management, and support in order to help players participate in play-to-earn games to their best ability. The P2E model aims to provide opportunities for both gamers and non-gamers to earn money. Through a play-to-earn concept and a specialized scholarship framework, it blends the fun of gaming with the benefits of supporting people in underdeveloped countries. Delysium is set to be one of the biggest games in the play-to-earn space this year and has large backers, such as Galaxy Interactive, Alameda Research, Republic, Y Combinator, and Makers Fund. Delysium is set to launch its IDO in Q2 this year, with the exact date to be specified at a later time. In this AAA game, players find themselves in the year 2045 and encounter a wonderful region in the decentralized virtual world named "Delysium”, sparking a war between the physical and virtual worlds. There are digitized genuine human beings living in Delysium with MetaBeings, who are native Metaverse dwellers. It is entirely up to the player to determine Delysium's future through a series of fights and struggles over interests, power, and resources. Players in the Delysium game can earn loot boxes - such as tokens, NFTs, game resources - by participating in various game modes. Players can then sell their loot boxes or use them to upgrade their character/weapon/clothing with higher numerical values in PVE modes, craft buildings, and create weapon/cyberbodies with skins on their own, among other things. “We have been working tirelessly to make this possible for our community, and we have finally done it. We are extremely proud and excited to reach this milestone, and even more thrilled to launch our first game, Delysium, being a AAA game just shows the level of quality that we anticipate to maintain for our community, and for our ecosystem. This is only the beginning for Final Round, and there are many more milestones for UniX to hit, and we can’t wait to share them” stated the Founder and CEO of UniX Gaming, Mirko Basil Doelger. “We have been working on this game for a while now, so our team is extremely thrilled to finally launch the IDO this May. We are very grateful to the backers, supporters, and community members who have joined us along the way, and only hope to keep improving as we grow. Our roadmap consists of more developments, which we are excited to share with everyone in due time. We are especially thankful to UniX for placing us as their very first game to launch on their launchpad, and can’t wait to see what that will bring”, commented the CEO of Delysium, Yuheng Chan. The Final Round launchpad has several tiers available for users based on the number of UniX tokens they hold, the tiers fall under the following categories, in order of exclusivity (lowest to highest): Common Tier: 2,000 UniX tokens, Uncommon Tier: 5,000 UniX tokens, Rare Tier: 20,000 UniX tokens, the top two tiers, Epic Tier: 50,000 UniX tokens (this guarantees users an allocation through the launchpad), and Legendary Tier: 100,000 UniX tokens (this gives users the maximum allocation on the launchpad for Delysium tokens), are the only tiers which guarantee an allocation for the holders. About Delysium Delysium is the world’s first AAA blockchain game, where players find themselves in year 2045 and encounter a region in the decentralized virtual world, “Delysium”, sparking a war between the physical and virtual worlds. Delysium is established by a team focusing in AAA game production and Gaming AI through world-class innovation. Delysium is backed by rct.AI x Deterrence, Galaxy Interactive and Makers Fund in gaming, Alameda Research and Republic Crypto in native Web3, and Y Combinator in the ecosystem. Visit Delysium’s Website | Twitter | Medium | Discord | Telegram. About Unix Gaming UniX Gaming debuted in June 2021 as one of the early adopters in the P2E space. They are an ecosystem and a platform to onboard new GameFi projects into their own Metaverse. They are a DAO that empowers gamers to have a voice on how they want the landscape of Play-And-Earn to be. Focused on growing the Play-And-Earn space, they have multiple projects in the ecosystem that are designed to bring as much value to all of their gaming partners and passionate community.Since June 2021, UniX's scholarships have developed the world's largest gaming community, or guild, with over 200,000 members. Visit Unix's Website | Medium | Discord | Telegram | Twitter | Instagram | Twitch. Media Contact:Dina Mattar Founder & CEODVerse [email protected] Timothy Biggar Head of Marketing UniX Gaming [email protected] 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
182 days agocoindesk
First Mover Asia: Crypto Concerns Weigh on Taiwan PC Component Makers' Stocks; Bitcoin Springs to 3-Month High
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213 days agocryptodaily
hi Launches US$40 Million Reward Program
Per a recent press release, hi—a next-generation crypto banking app—has launched a 200 million $HI liquidity provider reward program, (approx. US $40 Million based on current price). Currently one of the biggest reward programs in the market, the $HI 200 million program will duly compensate liquidity providers who add liquidity to the HI/BUSD pair on PancakeSwap or the HI/USDC pair on Uniswap V2, and then stake their LP tokens on stake.hi.com. hi has introduced three pools offering high yield returns which participants of this reward program can opt for. Two recently launched “GIGA Pools,” each containing 100 million $HI in rewards respectively, high yield returns, and a 12-month lock-up period. And a third pool, the “MEGA Pool” which houses over 10 million $HI rewards and a lock-up period of 6 months. Liquidity providers will be rewarded based on their percentage share of the overall liquidity at the time. The $HI token, per the aforementioned source, is available for purchase on PancakeSwap, Uniswap, hi.com, and centralized exchanges like ZB. Furthermore, it is available as an ERC-20 token, a BEP-20 token, and acts as an exclusive membership token that entitles its holders to a plethora of lifestyle benefits offered by hi. Some of these lifestyle benefits include, but are not limited to, discounts at famous hotels, entertainment subscription services, and concierge services. $HI token holders can also earn as much as 40% APY, seamlessly send funds without fees, and make deposits/buy/sell cryptocurrencies with zero additional fees or mark-ups. The hi Platform Committed to delivering next-gen crypto exchange and mobile banking services, hi is leveraging blockchain technology to build the most functional and user-friendly crypto and fiat app. The interface is a combination of a modern exchange and that of a digital banking app, thus providing users with an all-in-one platform for all things savings, interests, and yields. With over 3.3 million users and app downloads across iOS and Android exceeding 1.5 million, the hi platform, albeit recently launched, is proving to be a revolutionary project capable of pioneering a paradigm shift. hi has introduced deposit to buy cryptocurrencies via direct bank transfers, enabling prospective investors to purchase crypto by sending USD to the hi app through a direct bank transfer. hi offers a $1 to 1 USDT ratio. Speaking to reporters about the 200 million $HI GIGA liquidity provider reward program, co-founder of hi, Sean Rach - former executive of Crypto.com - stated, unequivocally, that at 200 million $HI, the GIGA program will be the one of the most rewarding programs in the world. “At 200 Million $HI, we set out to create the world’s most rewarding liquidity program. There is massive support out there for DEXes—including among our 3+ million members—and the launch of these two new pools marks another step in our path to progressive decentralization”, the co-founder revealed. Besides the user-friendliness, functionality, and the amazing reward program, the hi platform happens to be miles ahead of its competitors in terms of APYs offered. The hi Flexible Earn feature, one that grants users as much as 11% APY for simply moving USDT to the hiapp has set this platform apart from all of the others. 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.

About GIGA

The live price of GIGA (XG) today is ? USD, and with the current circulating supply of GIGA at ? XG, its market capitalization stands at ? USD. In the last 24 hours XG price has moved 0.000025 USD or 0.50% while 0.007563 USD worth of XG has been traded on various exchanges. The current valuation of XG puts it at #0 in cryptocurrency rankings based on market capitalization.

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GIGA Price? USD
Market Rank#0
Market Cap? USD
24h Volume? USD
Circulating Supply? XG
Max Supply1,000,000,000 XG
Yesterday's Market Cap? USD
Yesterday's Open / Close0.00005 USD / 0.000076 USD
Yesterday's High / Low0.000104 USD / 0.00005 USD
Yesterday's Change
0.50% ( 0.000025 USD )
Yesterday's Volume0.007563 USD
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