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Cryptocurrencies/Coins/Gnosis (GNO)
Gnosis price, market cap on Coin360 heatmap


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0.00544979 BTC
Market Cap (Rank#126)
14,058 BTC
Vol 24h
50.2772 BTC
Circulating Supply
Max Supply
3 days agocryptodaily
Binance’s $2B BTC Outflow Triggers Alarm Bells
The $2 billion of Bitcoin funds moved by Binance was a part of a proof-of-reserve audit conducted by the crypto exchange. FUD Spikes With BTC Outflow A significant outflow of crypto funds from the Binance exchange was reported on Twitter on Monday. The account called Whale Alerts reported that 127,351 BTCs were pulled out of the exchange in a single transaction and deposited in an anonymous wallet address. The value of the funds moved amounts to just over $2 billion. Understandably, this triggered community-wide fear and panic as everybody jumped to the conclusion that Binance was either hacked or was on the verge of shutting down. As a result, the market catapulted, with a sharp drop of 5% of the BNB token. CZ Explains Funds Transfer However, Binance CEO Changpeng Zhao (CZ) tweeted out a clarification that the funds moved were part of Binance’s proof-of-reserve audit. He claimed that the auditor needed to receive a certain amount of BTC to demonstrate how the Binance wallets were controlled. CZ tweeted, “This is part of the Proof-of-Reserve Audit. The auditor require us to send a specific amount to ourselves to show we control the wallet. And the rest goes to a Change Address, which is a new address. In this case, the Input tx is big, and so is the Change. Ignore FUD!” FUD refers to Fear, Uncertainty, and Doubt, a phenomenon that has increased, especially in the 2022 crypto market, due to the many hits taken by the industry. CZ’s comments cleared up the confusion faced by the community and put a pause on the steeply dropping value of the Binance Coin. CZ Under Fire? However, CZ’s explanation of a PoR audit shines a spotlight on another rather contrasting comment he made on the subject just a few weeks ago.On November 13, he tweeted, “If an exchange have to move large amounts of crypto before or after they demonstrate their wallet addresses, it is a clear sign of problems. Stay away.” He has claimed that the audit required funds to be transferred to demonstrate that it did not affect the operability of the exchange and has appealed to the masses to not buy into the FUD. However, his previous tweet contradicts his statement. Naturally, even VC-level investors are not convinced by the explanation and are seeking further details. One such example is VC investor and billion-dollar equities fund manager, Mira Christanto, who claimed that the methodology used by most auditors does not include making any kind of transaction on the network. CZ has also been criticized by former Kraken CEO Jesse Powell, who said that the exchange had failed to implement proper external audits and include liabilities in its Proof-of-Reserve reports. 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 agocointelegraph
Crypto Twitter calls for calm after wETH insolvency joke goes viral
Ethereum bull Anthony Sassano and Gnosis co-founder Martin Köppelmann were among those explaining later that the Wrapped Ethereum (wETH) FUD was part of an inside joke.
6 days agocryptodaily
2023 Investment Guide: Decentraland (MANA) vs. Flasko (FLSK) vs. The Sandbox (SAND)
The crypto sector has a dynamic environment. Currency favoritism is a result of developments in the digital industry. A few weeks ago, FTX, the second most popular crypto exchange, went bankrupt. As a result, coins like Decentraland (MANA) and The Sandbox (SAND) had a massive decline in value. But do not panic; crypto analysts say there is a light at the end of the tunnel. Flasko is currently in presale, but predictions are that it may be the best investment in the coming months. As Metaverse Loses Appeal, The Sandbox (SAND) Does Too The Sandbox (SAND) is a game at its heart where individuals purchase virtual plots of land (referred to as LAND) and build activities atop them to distribute to other players. The "LAND" depicted by an NFT can be owned by users of The Sandbox (SAND). In contrast to Flasko, where tangible assets underpin NFTs, LAND in The Sandbox (SAND) is only imaginary assets. At the time of this writing, The Sandbox (SAND) is down nearly 40% in the last month while trading at $0.3994. Decentraland (MANA) With The Same Narrative Decentraland (MANA), another Metaverse token, has been slowly losing value over the past month, and analysts believe this trend will persist. With the Decentraland (MANA) coin, individuals may buy, create, and exchange land in a decentralized fashion. Utilizing the buzz around the currency, Decentraland (MANA) rose to its price peak of $5.85 in 2021. Since then, the coin has been showing a red chart, currently trading at $0.4002. Nowadays, investing in the Decentraland (MANA) currency is not a good investment since the Metaverse has yet to gain widespread adoption. Flasko (FLSK) Predicted To Achieve Blue-Chip Status In 2023 While Decentraland (MANA) and The Sandbox (SAND) eagerly wait for the Metaverse to grow, Flasko gains more positive attention. Over the past five years, the whiskey, wine, and champagne industries have witnessed tremendous growth. We can see why Flasko wants to enter this market, given this sector's yearly 28% investment returns. To combine the trillion-dollar alternative investing market with cryptocurrencies, Flasko will launch a brand-new alternative investment platform. On this platform, anyone can buy a fractionalized NFT backed by real-life bottle of whiskey, champagne, or wine. With an entire purchase, Flasko will go above and beyond to deliver the asset like a luxurious Dom Perignon Brut to your front door. The presale price of only $0.085 is expected to rise as crypto experts project eventual growth of almost 4,000% in 2023. You may participate in the Flasko presale by clicking the links below: Website: Presale: Telegram: Twitter: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
9 days agocryptodaily
CZ Casts Doubts On Coinbase, Then Backtracks
Binance CEO Changpeng Zhao, in a now-deleted tweet, seemed to have cast serious aspersions about Coinbase and Grayscale. However, as Coinbase CEO responded, CZ seemed to backtrack and quickly deleted the tweet in question. CZ Spooks Markets With the crypto markets in chaos, CZ released a tweet stating that Coinbase could be in a spot of bother regarding its finances. Zhao seemed to add fuel to one of the biggest fears of the crypto market at present, which is that Grayscale, the operator of the biggest bitcoin trust, doesn’t actually hold all the BTC that it claims it does. On its part, Grayscale moved to allay fears, stating that the concerns and comments around its financials are unwarranted. Grayscale has found support in Coinbase, the exchange that maintains Grayscale’s BTC reserves. Zhao’s tweet sought to draw attention to two separate claims around the number of Bitcoin held. The first statement referred to a statement from Coinbase Custody CEO Aaron Schnarch, which stated that the company held 635,000 BTC on behalf of the Grayscale Bitcoin Trust. The second referred to a four-month-old headline referring to the Coinbase exchange holding less than 600,000 BTC. “Just stating news reports, not making any claims. Glassnode probably has more up-to-date data.” Concerns around Grayscale and Coinbase first surfaced over the weekend after Grayscale reportedly refused to implement on-chain proof-of-reserves for all of its crypto holdings. Coinbase CEO Responds Soon after the tweets emerged, Coinbase’s CEO responded on Twitter, assuring users and followers that its Bitcoin reserves were fully backed. “If you see FUD out there – remember, our financials are public (we’re a public company).” Following the response from Armstrong, Zhao seemed to backtrack, deleting the tweet and stating, “Brian Armstrong just told me” the numbers “are wrong. Let’s work together to improve transparency in the industry.” Crypto Twitter Reacts Twitter’s crypto community called out CZ’s tweet, describing it to be ignorant and uncalled for. Ryan Selkis, the founder of Messari, brought Zhao’s attention to the fact that Coinbase had already audited its financials, showing it held around 2 million BTC. The co-founder of the digital asset research firm, Reflexivity Research, stated on Twitter, “That latest tweet CZ made about Coinbase’s Bitcoin holdings that he just deleted wasn’t a great look. I get the argument that he’s trying to protect the industry, but CZ is more than smart enough to know that exchange and custody wallets are separate.” However, others did not hold back in their criticism of CZ, with analyst, trader, and investor @360_Trader tweeting, “CZ just proved today he’s all about one thing… his empire. He IS NOT here to look out for the industry … he deleted the tweet… But now … as I already expected … He’s exposed himself as a villain.” Another trader and investor, @BobLoukas, was also critical of CZ, stating, “CZ ‘Let’s work together to improve transparency in the industry.’ Also, CZ - Let me tweet to millions some random FUD in the middle of a bear market major liquidity event before maybe just reaching out to confirm.” A Deliberate Attempt To Take Down Competition? CZ’s tweets about Grayscale and Coinbase come just over two weeks after his tweets sparked a bank run on FTX, which contributed to its spectacular collapse. Many have interpreted the latest tweets as a deliberate attempt to take out another rival and competitor, although CZ has vehemently denied these claims. During the week of the FTX collapse, Coinbase CEO Brian Armstrong explained that Coinbase’s audits and 1:1 backing of all customer assets would prevent the exchange from meeting a fate similar to that of FTX. Additionally, Armstrong stated that the exchange held no exposure to FTX, FTT, or its sister company, Alameda Research. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
12 days agocryptodaily
FTX Collapse Is Yet Another Nail In The Coffin For Centralization
The volatility of the crypto industry was laid bare for all to see earlier this month when FTX went from being one of the top three cryptocurrency exchanges to filing for bankruptcy within the space of just 7 days. The rapid downfall of FTX came as the company found itself embroiled in a liquidity crisis and pleaded for help from its industry rivals. It agreed to sell itself to its rival Binance - the world’s biggest crypto exchange - only for that deal to fall through within less than 24 hours. Binance said FTX’s problems were just too big to fix, leading to customers fleeing the exchange while they still could. FTX CEO Sam Bankman-Fried warned investors earlier in the week that, unless the company received a cash infusion of $8 billion, he would have no choice but to file for bankruptcy. The cash never materialized, and Bankman-Fried promptly followed through. So how did FTX go from being one of the biggest and most successful crypto firms to bust in such a short space of time? FTX was established by Bankman-Fried in 2019 as a Bahamas-based cryptocurrency exchange, and it very quickly became one of the biggest in the business. Through its exchange, customers could buy, sell and trade Bitcoin, Ethereum, and other digital assets. The company reported earning more than $388 million in net income in 2021 at a time when interest in crypto was surging and the price of assets like Bitcoin hit new all-time highs. Around that time, Bankman-Fried became one of the most prominent names in crypto, spending millions of dollars to lobby for crypto-friendly regulations in the U.S. For a time, he was hailed as the J.P. Morgan of the crypto business, as he made deals to buy out rivals and grow FTX s presence. Meanwhile, his net worth reportedly soared above ten billion dollars. FTX’s and Bankman-Fried’s downfall followed what, at the time, seemed like a fairly innocuous report from the crypto-centric news website Coindesk on Nov. 2. The report revealed how an FTX affiliate - Alameda Research - held a significant portion of its assets in FTT, which is the native token of FTX. The main benefit of FTT was that holders were able to receive a discount on trading fees with FTX. While most ignored the report at first, for those in the know it suggested that FTX was simply manipulating the prices of FTT. Nic Carter, a partner at startup funding firm Castle Island Ventures, told Inside Bitcoin that FTX essentially “created this token out of thin air, gave it some value, and then Alameda utilized it as collateral.” Speculation mounted and pressure quickly began to bear. In light of the report, investors in FTT - notably Binance - began selling off their FTT holdings, causing the token’s price to fall to an unsustainable level. In turn, that led to fears that FTX may not have sufficient assets to pay out to all of its users. What followed was a bank-style run as more people learned of FTX’s potential troubles, and the exchange’s users began racing to withdraw their assets from the platform while they still could. FTX was forced to put a halt to withdrawals on Nov 9. One day prior, it announced that it had agreed on a non-binding deal for Binance to acquire it. However, shortly after FTX halted withdrawals, Binance announced it was pulling out of the deal - saying it did so amid concerns that FTX had mishandled customers’ funds. Bankman-Fried’s last-ditch attempts to secure a rescue deal with other crypto exchanges, such as Kraken, came to nothing, and he was forced to file for chapter 11 bankruptcy on Nov. 11. Shortly afterward, Bankman-Fried announced he was resigning his position as FTX’s CEO. Centralization Caused This Mess At present, it’s still not clear as to how FTX managed to find itself in this position, but one thing we do know is the why - because FTX was a centralized exchange (CEX), it was able to keep its business dealings under the table, away from the scrutiny of its users. There was no way for anyone to sound the alarm in the event it mishandled its customer’s funds. FTX is just the latest in a long line of CEXs that have bitten the dust. Names like Celsius Finance, BlockFi, Voyager Digital and Mt. Gox - they were all CEXs and their business models were as old as those of the banks they say they’re trying to displace. CEXs are money-making businesses and like many of the banks that collapsed in 2008, they have an economic incentive to under-collateralize and take risks with their user’s funds. In the case of FTX, it’s alleged that it used customers' money to make all kinds of dodgy investments. The dodgy practices of CEXs like FTX goes against the very ethos of cryptocurrency. When Satoshi Nakamoto created Bitcoin, he inscribed the words “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” within its genesis block, sending a powerful message around his intentions. With Bitcoin, people would finally be able to participate in an alternative, permissionless financial system governed by code rather than profit-hungry bankers, where the rules are transparent and public, and apply to everyone equally. Bitcoin was later followed by Ethereum and smart contracts, which gave rise to the idea of decentralized finance, or DeFi, which provides an array of modern banking services without the need for banks. The latest debacle around FTX and CEXs shows us that DeFi and decentralized exchanges may finally be ready for prime time. With DeFi, every single transaction is transparent and publicly viewable on the blockchain. The middleman is made redundant, thereby eliminating the opportunity for mischief and under-the-table deals that seek to speculate with customers’ funds. The collapse of FTX is bad news for its many customers, who will surely lose most, if not all of their funds. But at the same time, it may well serve as the catalyst DeFi needs to finally take off. The industry is evolving fast. Today, we no longer need to rely on outdated and buggy platforms like Ethereum, which suffer from network congestion, high fees, and constant hacks. The next-generation DeFi platform Radix enables low-cost transactions in real-time while eliminating the risk of vulnerabilities creeping into its code through its novel use of components and blueprints, which act like Lego building blocks for all manner of DeFi applications. DeFi’s advantage is already clear. Despite the mass selloffs of crypto and the declining value of Bitcoin and other cryptocurrencies, it has been business as usual at DEXs like Uniswap, Balancer, and Curv. With those platforms, users remain free to enter and exit positions as normal and cash out at any time. There’s no danger of investors one day waking up and being unable to access their funds. No single entity controls these DEXs, so no one can arbitrarily put a stop to customers’ withdrawals. In this way, these DEXs are the epitome of consumer protection. Modern DeFi platforms like Radix come with all of the benefits first introduced by Bitcoin - they’re permissionless, transparent, censorship-resistant, and enable self-custody of user’s assets. For anyone who’s determined to remain in control of their finances, DeFi should be the new focus of their economic activity. It’s the only true way for someone to be able to safeguard their assets. The dangers of CEXs were highlighted by Bankman-Fried’s attempts to lavishly court U.S. government regulators. He was notably one of the main backers behind the proposed Digital Commodities Consumer Protection Act (DCCP), which is a piece of legislation that aims to legitimize CEXs at the expense of DeFi. Bankman-Fried even went on record to say that DeFi needed greater consumer protections while he continued to play loose with his customer’s funds. A CEX like FTX of course sees DeFi as a major competitor to its own interests. What Bankman-Fried wanted was not so much consumer protection, but rather an opportunity to entrench his own interests by making it more difficult for DeFi to prosper. So if there is a silver lining to the FTX debacle, it’s that it serves as yet another reminder as to why we should embrace decentralization. FTX’s failure was a failure of centralization, and the smart investors, developers, and users will do well to take notice of that and instead look to a fully decentralized future. 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
14 days agocoindesk
First Mover Asia: Bitcoin Won't Budge. Cryptos Ignore the FTX Chaos for Another Day
Sam Reynolds writes that venture capitalists’ failure to scrutinize crypto exchange FTS parallels oversights that led to energy giant Enron’s notorious bankruptcy two decades ago. New FTX CEO should know because he helped oversee Enron’s filing.
15 days agocryptodaily
Candy Club Integrates with OKC (OKX Chain) Ecosystem
Hong Kong, Hong Kong, 17th November, 2022, ChainwireCandy Club has successfully integrated into the OKC ecosystem and added a use case for the OKC token and community. OKC is an EVM-compatible L1 built on Cosmos with a focus on true interoperability (IBC) and maximized performance. At high scalability, developers can build and scale with low gas fees. The OKC ecosystem and infrastructure, including the all-in-one multi-chain Web3 interface, enables a seamless experience for both developers and users. Since Candy Club's launch at Token2049 Singapore, the social cypto gaming club has been working with Ethereum layer 1s, Polygon, Binance Smart Chain & Tron projects to increase their token utility and demand despite the bearish sentiments. “Candy Club’s chain agnostic token utility driver offers all projects an equal and fair access to elevating their token demand. We are proud to see Candy Club integrate with OKC to offer our ecosystem and community not only increased use cases tokens within our ecosystem, but also through a fun and social way to use them" Nicholas Soong, Director of OKC Ecosystem Development, Asia Pacific In 5 weeks since launch, 25 token projects are in the process of onboarding onto Candy Club’s social crypto gaming platform and in turn offer their communities to experience over 600+ live casino, slots and sports wagering games using a derivative of each project’s native ERC20 or BEP20 token. Through a tech and cost-free integration with Candy Club, the added capacity for any ERC20, BEP20 or TRC20 token to be used as an in-game coin in all Candy Club games increases the project’s token utility, improves token demand in crypto winter and re-engages otherwise stagnant communities in a bear market. Furthermore, Candy Club’s Bonus Partner Program provides token projects a monthly reward of up to 1% in the cryptocurrency used by their community. This in turn translates into a healthier token treasury that can be used to accelerate token burn, allocate much-needed funds to ensure projects reach their roadmap milestones and give projects the financial flexibility to thrive this crypto winter. “The last twelve months have been a tough bear market for the crypto Industry, many project tokens have not traded in months. Candy Club was born with the mission to not only bring crypto space together, but offer Token projects the ability to provide their communities with additional utility for their tokens. This allows projects to increase members' engagement and improve their treasuries to weather this crypto winter and continue to build new updates to their projects.“ David Barrantes, President Candy Club About Candy Club Candy Club is the world’s first social crypto gaming platform that accepts all Ethereum and Binance Smart Chain projects with a ERC20 or BEP20 utility token. Legally compliant and security-focused, Candy Club opens the social gaming experience to over 14,000 cryptocurrency projects and over 73 million wallets. Website | Twitter | Telegram | Youtube | About OKC OKC is an EVM-compatible L1 built on Cosmos with a focus on true interoperability (IBC) and maximized performance. At high scalability, developers can build and scale with low gas fees. The OKC ecosystem and infrastructure, including the all-in-one multi-chain Web3 interface, enables a seamless experience for both developers and users. Website | Twitter | Discord| Telegram | Youtube | Reddit| DevCommunityContactVP MarketingRyan [email protected]
15 days agocryptodaily
How to use CEX trading features on a non-custodial wallet?
How smart contract wallets like Ambire open-up web3 and DeFi without compromising security. With the recent collapse of FTX and BlockFi, as well as other centralized entities like Celsius and 3AC earlier this year, the crypto community seems even more committed to enabling self-custody to everyone and educating the public on its benefits. There are already many public accounts of how the FTX/Alameda scandal and financial predicament came to be, and the ensuing debate has already pointed towards why it happened and how self-custody mitigates such risks. As the DeFi space is doubling-down on efforts to "convert" more and more people to self-custody, we see questions such as: ‘How to use DeFi like a CEX?’ or ‘What are the DeFi alternatives to FTX?’ and ‘How to switch from FTX to a non-custodial wallet?’ raised by the concerned public. In this article we explore how a self-custodial smart wallet can be used instead of centralized exchanges (like Binance, FTX,, Huobi, Kraken, KuCoin etc. ) without sacrificing features. DeFi and Web3 safely, from a smart wallet dashboard Smart contract wallets are at the moment in the spotlight, as many claim them to be both the safest way to crypto security (assets are protected by code and bound to the algorithm of the contract) and the tools to create processes and organizations for a future decentralized society. Smart wallet accounts are in fact smart contracts deployed directly on the blockchain, making them immutable. And the account keys — i.e. the custody of the account— are permanently held by the account user, while the danger of losing seed phrases (common in EOAs like MetaMask or hardware wallets) is abstracted away using sophisticated and hybrid forms of protection such as multisig and social recovery. Our weapon of choice for the day is Ambire, an open-source self-custodial smart contract wallet that focuses on security and UX, while also delivering easy web3 and DeFi engagement. Designed for the EVM space, their recent ‘Own Your Money’ campaign captures the crypto ethos as we’re moving forward from the FTX scandal. Although comparable results can be achieved with other smart contract wallets like Argent or [Gnosis] Safe, Ambire distinguishes itself through its easy on-boarding and overall UX, offering features like email & password sign-up, informative UI or its curated dApp catalog . Registering a self-custodial account with email only One unique feature to Ambire Wallet is that users can securely use email/password to register, so they don't make any UX compromises compared to a CEX; this approach also excludes the need to manage a seed phrase. Pro tip: Use a Trezor or Ledger hardware wallet with Ambire for additional security Another advantage when opening a self-custodial account with smart contract wallets is that users don't need to pass a KYC ("Know your customer") procedure. In Ambire’s case, the sign-up process takes less than 30 seconds, similar to web2 platforms: Buying crypto Users don't need to own crypto to start using smart contract wallets: just like on any centralized exchange, they can top up their account through different methods, such as: Bank wire Credit card Debit card With Ambire Wallet, top-ups are available in EUR, USD, CAD and more currencies, and are supported through 3rd party on- and off-ramp partners. Spot Trading - How to trade with smart contract wallets Users can trade-spot on decentralized exchanges (DEXes) instead of centralized ones (CEXes): funds always remain in their custody, while activity is recorded on-chain and protected against fraud by smart contracts. For a simple market order, users can navigate to the Ambire Wallet Swap tab and choose between thousands of tokens to exchange: How to execute a limit order with smart contract wallets? To execute limit orders on DEXes with smart wallets, users can simply go to the desired platform and connect their wallet through its WalletConnet feature —below the 1inch protocol DEX connected to Ambire Wallet: Pro tip: Users can even engage in P2P trading on 1inch with Ambire Wallet How to trade perpetuals with smart contract wallets? Crypto-savvy users also engage with perpetuals on DeFi, and that’s also possible with smart contract wallets. Similar to the limit order procedure, users need to navigate to the desired trading platform and connect using the WalletConnect feature. With Ambire Wallet, users can use GMX and long or short tokens on the Arbitrum network with up to 30x leverage. Alternatively, they can also try Mycelium or dydx. How to stake ETH with smart contract wallets? CEXes usually offer exposure to staking in DeFi protocols at the cost of staking fees. A preferable alternative for users is to directly connect to staking protocols. With Ambire Wallet, users you can engage in ETH "liquid staking" via Lido Finance Engaging DeFi protocols with Ambire Wallet Ambire offers a curated web3 dApp Catalog, available straight from the user dashboard on the twelve L1 and L2 supported networks. The dApps vary from exchanges to vaults to DEX aggregators, voting and signing solutions or 3D virtual worlds (e.g. Decentraland) and are integrated after security and compatibility validation by the wallet’s team. The dApp Catalog features ParaSwap, CowSwap, Hop Protocol, Sudoswap, AAVE, Balancer, DeFi Saver, Stakewise and many others. How to withdraw crypto to FIAT Some smart contract wallets also have cash-out solutions for crypto. Ambire Wallet allows users to withdraw funds just like any centralized exchange, with the rassuring exception that it cannot freeze user assets. Cashing out is done via 3rd party off-ramp solution Guardarian, with fees starting from 2% (depending on geography and applicable legislation) and limits of up to 15k EUR/monthly. Available currencies include EUR, USD, GBP. Could Smart Contract Wallets be the future? Even though less known than MetaMask or, smart contract wallets are now being recognized as a superior technology from a security standpoint. At the same time, it is clear these types of wallets have already developed tools, features and capabilities able to deliver what users need: apart from guaranteed security, a way to engage, organize processes and social interaction, trade and earn on web3. With so much to be offered to a public in need of security and stability, it remains to be seen if smart contract wallets can become the dominant technology of the decade. Disclaimer As with any type of trading or financial enterprise, users are encouraged to do their own research (DYOR). This article does not constitute financial advice. Using DeFi protocols instead of trading on CEXes comes with inherent risks, although none of them connected to smart contract wallets: Protocol risks Protocol hacks Understanding how protocols work 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.
23 days agocryptodaily
CZ shares note to team on FTX situation
The CEO of Binance has just publicly shared his thoughts on FTX and crypto in general in a note to the globally based Binance team. In a bid for full transparency in his dealings with Sam Bankman-Fried, the CEO of FTX, and to share his thoughts on the current situation for cryptocurrency, CZ has tweeted out a note that he shared with his team a few hours previously. The note begins with CZ stating that the FTX meltdown was nothing to do with him, or anything that he was following in some kind of “master plan”. In fact, he said that he had little knowledge of the internal goings on at FTX. He said that when Bankman-Fried approached him he thought it would be for an OTC deal, but then said “But here we are”, obviously alluding to the deal whereby Binance will buy FTX outright. CZ followed this by warning his team not to trade the $FTT token. He said that individuals at Binance might “have a bag”, but that they should just keep it and not buy or sell $FTT. He added: “We need to hold ourselves to a higher standard than even in banks”. The CEO at Binance went on to say that the demise of FTX was not good for anyone in the crypto industry and that it should not be viewed as a “win for us”, given that the fall out had led to much confidence being lost in the sector. CZ continued by stating his belief that Binance will be scrutinised even more by regulators now, and given that the exchange would undoubtedly be the biggest, it would probably be the focus of attacks by people. He said that this was “OK” given that we (Binance) are used to this. “We are used to being open and leaning into headwinds. In fact, we embrace scrutiny. We must significantly increase our transparency, proof-of-reserves, insurance funds, etc. We have a lot of tough work ahead of us. Not to mention prices swinging wildly.” CZ’s advice in the note on prices was to ignore them, instead stating we need to “keep our heads down and focus on building products people use”. The Binance boss ended the note by stating that he was “proud” of the whole team and all its “hard work”. He affirmed: “Let’s continue to push ahead and help increase the freedom of money all around the world, steadily and consistently.” 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.
24 days agocointelegraph
Countries ignoring crypto AML rules risk placement on FATF’s ‘grey list:’ Report
Reports suggest the Financial Action Task Force will conduct annual checks to ensure countries are enforcing Anti-Money Laundering rules for crypto providers.

About Gnosis

The live price of Gnosis (GNO) today is 92.3933 USD, and with the current circulating supply of Gnosis at 2,579,588 GNO, its market capitalization stands at 238,336,611 USD. In the last 24 hours GNO price has moved -0.6624 USD or -0.01% while 694,896 USD worth of GNO has been traded on various exchanges. The current valuation of GNO puts it at #126 in cryptocurrency rankings based on market capitalization.

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

Gnosis (GNO) is an ERC20 token from the Gnosis platform. The total supply of the coin is limited to 10,000,000 GNO. The project has positioned itself as a prediction market platform and includes a multisignature wallet and in-place framework upon which users can build their market prediction applications. Gnosis coins are generators of OWL tokens which are used to pay transaction fees. The team held their Gnosis ICO on April, 24 2017, collecting their hoped for amount of $12.5 million in just 10 minutes. Find GNO's price, charts, market cap and other data on COIN360.

Gnosis Price92.3933 USD
Market Rank#126
Market Cap238,336,611 USD
24h Volume852,378 USD
Circulating Supply2,579,588 GNO
Max Supply3,000,000 GNO
Yesterday's Market Cap234,319,790 USD
Yesterday's Open / Close91.4985 USD / 90.8361 USD
Yesterday's High / Low91.8295 USD / 90.0387 USD
Yesterday's Change
-0.01% ( 0.6624 USD )
Yesterday's Volume694,895.80 USD
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