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Horizen price, market cap on Coin360 heatmap

Horizen(ZEN)

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$10.2917
(2.7%)
0.00059762 BTC
Market Cap (Rank#172)
$135,081,483
7,844 BTC
Vol 24h
$4,073,273
236.526 BTC
Circulating Supply
13,125,225
Max Supply
21,000,000
2 days agocryptodaily
IoTeX, First Web3 Project In One Of The World’s Largest Open Source Software Groups
IoTeX has joined the Eclipse Foundation, one of the world's largest open-source software organizations, and will contribute to the Oniro Project working group to develop a distributed open-source operating system for all consumer devices. IoTeX is not only the first Layer 1 blockchain project to join the EF but also the first one which explores how to integrate Web3 components into the operating system layer of IoT devices as additional services and modules. And by contributing to the Oniro Project, it now becomes possible for IoT devices to interact with blockchains using these advanced operating system features. "The Eclipse Foundation is thrilled to welcome IoTeX and its team of scientists, engineers, and cryptographers, and we are excited to see the Web3 open-source technology they bring to our community," said Mike Milinkovich, executive director of the Eclipse Foundation. "We will provide a vendor-neutral governance framework within the Oniro working group for open collaboration with IoTeX." The EU-based Eclipse Foundation has over 300 strategic members and dozens of associate members, including IBM, Microsoft, Google, Oracle, Bosch, Siemens, Mercedes-Benz, Toyota, Volkswagen, BMW, and many others. The Foundation provides its global community of individuals and organizations with a mature, scalable, and business-friendly environment for open-source software collaboration and innovation. "We are extremely honored to become one of the Eclipse Foundation's most recent members and bring a Web3 perspective to the EF that connects the physical world to the metaverse," said IoTeX CEO and Co-Founder Raullen Chai. "Our main focus is collaborating with the foundation's Oniro Working Group." Supercharging customer loyalty Among the infinite number of consumer-facing and industrial use cases, W3bstream enables supercharging customer engagement and loyalty with intelligent devices that range from tiny sensors to carsand large home appliances.Simply put, W3bstream integration in Oniro OS turns any IoT sensor into a blockchain-enabled device, making it benefiting instantaneously from all web3 technologies such as data ownership, data monetization, automated transactions through smart contracts, and X-to-earn models. Bosch, for example, manufactures smart washing machines and refrigerators. This year's global smart refrigerator market was worth just over $5.2 billion and is expected to reach nearly $7 billion by 2025, according to a Report Linker report. In the US, large, intelligent appliances such as refrigerators and washing machines are present in 13% of households, Statista reported. Smart refrigerators have cameras and sensors that gather loads of data, namely all of their users' consumer habits, including where and how often they shop for groceries. All that data has tremendous marketing value and could also have social and medical research applications. With W3bstream, Bosch could quickly and inexpensively develop a Web3 application integrated into each smart refrigerator to reward users for their data which could be enough to pay back the appliance over time. At the same time,Bosch would also generate revenue from transactional costs derived from the users' data sharing.. Car knows you better than you believe Car data could already be worth more than the vehicle itself, according to a 2017 report. Mashable wrote that newer cars are similar to smartphones, only they have wheels. Many are WiFi-enabled, come with over a hundred CPUs, and have Bluetooth embedded. It knows, just like your smartphone, whether you are a churchgoer, attend AA or visit Planned Parenthood. Because of nearly 200 or so sensors throughout the vehicles, it has data points that can build a complete profile of you and your passengers. According to a McKinsey report, car data monetization will be worth $750 billion by 2030. In 2021, there were about 230 million connected cars globally and 84 million on the roads in the United States, according to a Statista report. By 2030, that number is expected to triple to 630 million worldwide and 235 million in the United States, meaning the data of each car is worth at least $1,000 annually. So again, what if Mercedes-Benz, Toyota, BMW, and Volkswagen, members of the Eclipse Foundation, built their Web3 dApp on W3bstream, allowing their consumers to earn at least $1,000 back each year from their cars to enhance consumer experience and loyalty. On average gaining a new customer costs five times more than holding onto a current customer. Improving customer loyalty is one of the main battles for marketing departments. Being able to offer customers rewards for their data is a powerful weapon in their customer loyalty armory. These are just two examples out of thousands that IoTeX's open-source technology makes possible for businesses seeking new ways to increase customer engagement and generate new revenue streams. Collaboration toward innovation The Canada-based Eclipse Foundation has over 300 members and dozens of associate members. It provides its global community of individuals and organizations with a mature, scalable, and business-friendly environment for open-source software collaboration and innovation. IoTeX is an open-source platform at the intersection of blockchain and the Internet of Things. Coining its vision MachineFi, it is on a mission to enable the future decentralized machine economy. It seeks to build a connected world where machines, humans, businesses, and decentralized applications (dApps) can interact with trust and privacy. IoTeX combines blockchain, its off-chain compute infrastructure called W3bstream, and open hardware to connect billions of devices and dApps across the physical and digital world. The Oniro Group and IoTeX are a perfect match as they are both IoT agnostic and are keen on building a global community of developers. Designed with modularity, Oniro offers more significant levels of flexibility and application portability across the broad spectrum of consumer and IoT devices — from tiny embedded sensors and actuators to feature-rich smart appliances and mobile companions. By enabling any Oniro-powered device to interact and transact on the blockchain, IoT and device manufacturers, OEMs and integrators, and any IoT-related project are reaching a new frontier where disruptive business models such as Sensor as a service, pay per use, data monetization are now easily accessible and implementable seamlessly. With this membership, IoTeX expands its collaboration to new spheres as it heads into 2023. More remarkable development and growth are expected as it achieves and delivers massive technological advancements in Web3. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days agocryptodaily
Code is the answer - not more regulation and intermediaries
Heavy regulation is on the horizon for the crypto industry. However, is this going to help the innovations that can change everything for finance? Crypto to zero? According to leaders from the banking industry, world financial agencies, and government watchdogs, the crypto industry is one that is just too dangerous for the financial system to tolerate, or for the average Joe to invest in. All the ‘centralised’ crypto exchanges are on the verge of collapse if they haven’t already done so, and the ensuing contagion is likely to cause most cryptocurrencies to go to zero, and for Bitcoin to head well under $10,000. Heavy regulation and intermediaries That will then be that. Or will it? Surely it cannot be argued that the financial system we have in place is fit for service? Inflation is rampant, debt is at the highest level it has ever been in monetary history, and it will probably only take the odd bank or two to go down to bring the rest of the pack of cards down as well - just like the legacy finance leaders are saying about crypto. Gary Gensler is the chairman of the Securities and Exchange Commission (SEC). He says that he wants to insert intermediaries in between every DeFi platform and those who want to transact with them. The MiCA regulation that is about to be passed into law in Europe would inflict onerous requirements upon all crypto platforms that would probably see them leaving European shores in droves. It all seems to be about regulation aimed at squashing the life out of crypto. It could be asked though, has regulation, no matter how heavy and demanding, done a great deal to stop banks carrying out nefarious activities that have done massive harm to the economy and investors alike? Crypto vs CBDCs We are at a junction. The road favoured by governments, banks, and the major world financial agencies is one where the legacy, fiat-backed monetary system persists, and where within a couple of years or so, central bank digital currencies (CBDCs) are phased in in order to assert total monetary power over citizens. The other road is being prepared by entrepreneurs, builders and thinkers from around the world. On this road the way forward is not about onerous regulation, harsh enforcement, and total control, it is about code. The code is all about doing away with intermediaries in any shape or form. All regulations and requirements can be built in at the beginning so there just isn’t any need for huge government watchdog agencies. Bitcoin is built on code. It doesn’t need entities like the Federal Reserve with its teams of economists to ease or tighten monetary policy, it just does what the code tells it to do, and therefore it provides a system which has the strongest network the world has ever seen, totally secure, and allowing anyone to interact with anyone else in the world without any intermediary saying yay or nay. Governments and banks do not like this. It eats into their power and control because it has no political leanings, no racial prejudices, and isn’t controlled by anyone. When CBDCs come into being and the world’s population finally understands what is at stake, code will be the answer. A trustless system is what the human race needs, and out of the innovation in crypto will come such a system. Bitcoin is already here, we just need that fair and trustless monetary exchange system to go with it. 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.
2 days agocryptodaily
Web3 Aims To Foster Creator-Fan Economies Driven By Real Value
Sparked by millions of content creators and their legions of fans, the Web2 ecosystem laid the foundation for a creator-focused economy. As smartphone penetration continued to rise and the internet became easily accessible to billions of users across the globe, this fledgling ecosystem of creators has positioned itself at the epicenter of Web2. However, Web2, due to its overly centralized nature, hasn’t been able to deliver on its promises of a creator-focused ecosystem fully. As of now, dominant Web2 platforms like YouTube, Facebook, Twitter, TikTok, and dozens more effectively control both user-generated content (UGC) and the means of monetization. Web2 Platforms Don’t Really Care About Creators and Fans The hype centered around the creator economy has gradually eroded across the Web2 spectrum, primarily because of the shortcomings of the Web2 model. Historically, most Web2 platforms have forever opted for a more “hands-off” approach toward creator monetization. Creators spend thousands of hours and put in unlimited efforts to create content that they use to build an audience. Unfortunately, existing content-sharing platforms offer little to no support for creators who wish to monetize their content. A few scenarios, such as YouTube’s ad revenue program or TikTok’s billion-dollar creator fund, are exceptions, but they, too, come with several caveats. Meanwhile, mainstream platforms like Instagram, Facebook, and Twitter have forever ignored opportunities to facilitate transactions between creators and their audiences or between creators and brands. The problem here is that most platforms either want to be directly involved in the process, meaning they want to control the entire monetization spectrum, or they want to create models where content creators become fully dependent on their Web2 gatekeepers. For now, content creators only have a handful of options to monetize their content. One option is to strike brand deals and sponsorships. Another potential option is to embed third-party solutions (external links) like Patreon to raise funds. Most social platforms don’t encourage embedding third-party links and sometimes even block such accounts or restrict the reach of their content. This leaves the majority of content creators at the mercy of the platform itself. For example, YouTube content creators have become overly dependent on the platform’s ad revenue model. After all the work and meeting stringent qualifications, creators only receive roughly 45% of the ad revenue. While this sounds enticing, it also means that YouTube essentially controls the content. If content doesn’t meet community standards defined by a handful of executives, creators can be demonetized or lose their channels. And in this tug-of-war between content creators and content-sharing platforms, the fans are generally overlooked. These fans who spend countless hours across platforms, consuming content from their favorite creators, receive nothing in return. Shifting The Web2 Paradigm With Novel Incentivization Models This is where Web3 initiatives come to the rescue. Driven by new-age technologies like blockchain, digital currencies, and NFTs, these platforms are gradually transforming the Web2 approach by granting more power, control, and ownership to both content creators and fans. These initiatives aim to remove centralized authorities and intermediaries from the process, thereby unlocking novel monetization models for creators and their fans. Take, for instance, the community-first approach of Snapmuse. As a full-fledged Web3 ecosystem, Snapmuse overcomes the shortcomings of Web2 platforms by empowering content creators and fans to build (and foster) communities supported by genuine value. The platform takes an uncanny approach towards monetization by allowing content creators to mint NFTs of their content and embed a portion of their ad revenue in these NFTs. This approach works in favor of both content creators and their fans. On the one hand, fans can purchase the NFTs from their favorite content creators, which allows the content creators to unlock an additional revenue stream. This means that creators no longer have to depend on one single monetization source but can instead generate passive revenue streams by both direct NFT sales and subsequent sales across secondary marketplaces. Simultaneously, this approach unlocks potential revenue streams for fans. In the Web2 model, content consumers are largely overlooked. Via Snapmuse’s Web3 model, fans gain their fair share of passive income by supporting content creators they like. Every time a fan purchases an NFT, they unlock a share of the creator’s ad revenue directly embedded in the NFTs. This means fans receive a share of the creator’s ad revenue as well. Snapmuse’s approach lays the foundation for redefining Web2 standards by allowing creators and fans to come together and forge communities driven that are value-added while also revolutionizing the social media experience for millions of creators and fans. 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
3 days agocryptodaily
CBDC track record far inferior to crypto so far
Central bank digital currencies are touted by central banks as the solution to the world’s monetary problems, but they are poorly taken up by populations. As the world’s debt-based monetary system struggles to keep going, the central planners are trying to lay the foundations for a planet-wide roll out of central bank digital currencies. The Bank of International Settlements (BIS), the central bank of central banks, has published an edict that obliges all central banks to issue a CBDC within the next 2 to 3 years. However, as many countries are developing their CBDCs, some countries have already implemented them, and it appears that they haven’t been particularly successful so far, except in the case of China, where a piloting phase is still in operation. e-Naira, JAM-DEX, and DCash The Nigerian iteration of a CBDC is called the e-Naira, and it’s been in circulation since October of 2021. According to Tech Monitor, only 200,000 transactions of the e-Naira, worth around $9.5 million, have been recorded. As of May this year only 80 retail merchants had signed up to use the e-Naira, while downloads of the app had only been made by a mere 0.25% of the population. In the Caribbean it was a similar story. The Jamaican JAM-DEX and DCash were issued in the Eastern Caribbean, though only 3.4% of Jamaicans downloaded the Lynk app for the JAM-DEX, and only 1.72% downloaded the app for DCash. Problems so far have included onboarding merchants, which the Tech Monitor article described as “embarrassingly difficult”. Also, DCash went offline for two months after the certificate for the network that hosts it expired. Crypto vs CBDCs in India India is the fourth largest adopter of cryptocurrencies worldwide. Perhaps this is due to a heavy use of remittances in the country. This particular market was valued at $100 billion this year by the World Bank. However, be that as it may, the Indian government has cracked down heavily on the crypto industry, imposing a 30% tax on crypto trading, and even trying to ban it outright, although this was overturned by India’s Supreme court. It has been posited that CBDCs could theoretically make faster remittance payments, but then that still leaves the not so small matter of Indian citizens completely losing their monetary independence with CBDCs. Bitcoin is a way out Crypto may have gone through the mill over the last few months with all the turmoil from collapsing centralised exchanges, but Bitcoin is still there, and still provides a door out of a future where citizens are beholden to the central bank to be able to spend their money. It could be that CBDCs might not be successful, or citizens could outright refuse to use them. If this should happen, then Bitcoin will be waiting patiently in the wings to provide a sovereign form of real money that holders can spend when and to who they like. 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.
3 days agocoindesk
The Artist and Technology Behind 36 AI Portraits
How to generate three dozen portraits for the Most Influential 2022 in about a week? Meet Will Ess and Pixelmind.ai, the app that saved this CoinDesk feature from visual ennui.
3 days agocoindesk
The Organizer of the Freedom Convoy Who Got Its Crypto Assets Frozen
Canada’s trucker protest organizers unwittingly taught us that a private citizen in that country can successfully petition a judge to freeze someone else’s crypto. That's why Tamara Lich is one of CoinDesk’s Most Influential 2022.
6 days agocointelegraph
Thai VC fund acquires troubled exchange Zipmex for $100M: Report
Zipmex reportedly plans to use crypto assets received from the acquisition to unlock frozen customer accounts on the platform by April 2023.
7 days agocryptodaily
The Hideaways (HDWY) Enjoys Rapid Growth As Ethereum (ETH) And Ripple (XRP) Prices Stagnates
The Hideaways (HDWY) is one of the few cryptocurrencies that looks promising to grow tremendously in 2023, especially in light of the current economic scenario when others like Ethereum (ETH) and Ripple (XRP) are struggling to stay afloat. Each and every one of us who is thinking about investing wants to find a way to get rich quickly and easily. Keep reading to find out more about The Hideaways (HDWY), a token that could turn out to be a surefire moneymaker. Ethereum (ETH) Shows Little Sign of Recovery Although Ethereum's (ETH) price has dropped below the $1,500 mark again in recent days, the crypto community as a whole still appears to be optimistic about the cryptocurrency's long-term prospects. The cryptocurrency community as a whole is becoming increasingly bullish as the year progresses, with the average price of Ethereum predicted to be $1,600 by the conclusion of the year. If this prediction turns out to be accurate, the price would increase by $384, or 31%, from the time of publishing. On the other hand, the news that the FTX "hacker" transferred an astonishing 15,000 ETH valued at $16 million into BTC, which is based on the on-chain data from Etherscan, could have an influence that will cause the price of Ethereum to decrease even lower. Challenges Persist For Ripple (XRP) Since the fall on June 18th, XRP's price has been rather stable around $0.288. Although it broke through the $0.381 barrier on September 20 with a vengeance, it was unable to maintain its momentum. Worsening market conditions and dwindling buying power conspired to send Ripple tumbling down below the $0.381 support level. According to indicators over longer time frames, the bottom is at the $0.288 level. As long as the Ripple (XRP) price stays over $0.381, there is no reason to worry about how low the coin can fall. As a first objective, bulls have set their sights on the $0.441 mark, which is around 10% above the current price. This is a challenging obstacle, the same as the $0.381 one. A successful reversal of this resistance, though, would allow XRP's price to once again approach the $0.509 mark. The Hideaways (HDWY) To Lead The Market In 2023 The Hideaways are going to be the first company to combine the $240 trillion real estate market with bitcoin on a single alternative investing platform. There has been so much buzz about The Hideaways recently that even Ethereum (ETH) and Ripple (XRP) investors are considering buying in. And its novel business model is a big reason why. The Hideaways (HDWY) users will have the option to invest in a NFT backed by real-world, high-end real estate. The developers of The Hideaways (HDWY) ensure that there will be no "rug-pull" panic. First off, Solid Proof's audit of it was successful and gave it high scores. After that two-year period, a vesting period will begin for team tokens that were frozen during that time by the HDWY developers. The Hideaways (HDWY) tokens are currently being sold in a presale at a price of $0.08. Investors who buy them now may see returns of up to 60x. Website: https://www.thehideaways.io/ Presale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
7 days agocryptodaily
Metaverse Accessibility Via a Metaverse-as-a-Service Model
Experts claim that the metaverse is the new frontier - a virtual playground for brands and individuals to dive into hyper-realistic experiences. But how do brands enter this vast expanse? For starters, building in the metaverse using state-of-the-art technologies like AR, VR, and 3D modeling isn’t everyone’s cup of tea. On top of that, the existing stack of metaverse-focused technologies is largely limited to gamified virtual worlds ridden with limited engagement and integration features. Hence, it isn’t an overstatement to say that the metaverse - at least in its present state - is nothing more than a blank canvas for early adopters to continue with their tests and experimentation. MaaS: The Catalyst for Metaverse Adoption The “as-a-service” model has become the staple of the Web2 ecosystem. These days, no one wants to procure costly hardware and software or install dozens of programs on their devices. From data storage to video editing, the growth of the Software-as-a-Service (SaaS) model is among the many reasons Web2 brands have achieved such immense success. Accordingly, if metaverse wants to succeed, it needs a similar “as-a-service” model. In this context, the metaverse-as-a-service (MaaS) model can be best described as an enterprise-level solution that allows brands and organizations to build, customize, and expand their virtual presence using new-age technologies. MaaS can potentially drive the mainstream expansion and adoption of the metaverse simply because it isn’t just limited to helping big brands build equivalents that compete with established platforms. Instead, it works similarly to the SaaS or pay-as-you-use (PAYU) model, meaning organizations that don’t have extensive technical expertise can quickly build, customize, and expand their own metaverses with the click of a few buttons for a small fee. Even small and medium-sized businesses can leverage the metaverse without formidable capital expenditures. Providing the Building Blocks of Personalized Metaverses To understand how a standard MaaS platform works, let’s consider the example of MetaMetaverse. This platform allows anyone to create a personalized metaverse with built-in games, governance mechanisms, token economics, interactive and gamified experiences, and much more. The platform offers an array of features for users who wish to build their own metaverses without dealing with complex technologies and code. Put simply, MetaMetaverse is what Shopify is for eCommerce businesses. There is no learning curve. All features are easily accessible, including built-in WYSIWYG (what you see is what you get) and drag-and-drop tools. The platform features an extensive catalog of objects, tools, and textures that users can simply select and add to their metaverses. Unlike many MaaS platforms, MetaMetaverse also supports 2D and 3D assets import, meaning creators, be they DAOs, organizations, or individuals, can seamlessly upload assets from outside the platform to further customize and build according to their needs. The platform provides the building blocks needed to build full-fledged virtual economies of scale, including but not limited to eCommerce, decentralized governance, and policies, among other things. From an organizational perspective, every brand wants to create its unique identity - which is difficult to achieve when limited tools are available. Unfortunately, the existing MaaS platforms mainly revolve around solutions allowing organizations to build gated ecosystems that directly compete with existing metaverses. This results in a striking absence of creative and customizable options. By contrast, MetaMetaverse’s infrastructure empowers organizations to create multiple sub-metaverses within their metaverse. They can then resell these sub-metaverses to generate additional revenue. On top of that, organizations can customize the properties of each metaverse they build, including the capability to add preferred names, descriptions, and URLs for each. Then there’s the problem of gamification and interactivity, which directly influence user engagement, user retention, and brand growth. Creating gamified experiences featuring in-game tokens and rewards is complex. MetaMetaverse overcomes this dilemma by enabling organizations to use its existing game mechanics and assets to build highly-functional P2E games. For brands that want to develop personalized games and experiences, the platform supports the option to build custom games using its large asset library, list NFTs that will be displayed in their metaverses and sub-metaverses, and tweak the default settings to their liking. The Way Ahead The only way to achieve widespread acceptance of the metaverse is for MaaS to make it possible for users, especially those not native to blockchain and other emerging technologies, to build their own metaverses. Metaverse-as-a-service (MaaS) makes this possible without requiring any coding, empowering brands and organizations to tailor the features and functionality of their products to their target consumers' specific needs and preferences. When one peers into the future, it is not difficult to foresee that the path of the metaverse will be similar to the road that enabled the SaaS model to go mainstream. Accordingly, once the concept of MaaS becomes the norm, we will witness the true potential of the metaverse. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
8 days agocointelegraph
Legal professionals astonished as SBF admits failures, apologizes 12 times in interview
The former FTX CEO has offered multiple apologies and admitted failings at least a dozen times during the one-hour interview.
8 days agocoindesk
US Prosecutors Charge 21 Alleged ‘Money Mules’ With Using Crypto to Launder Proceeds of Cybercrimes
Prosecutors in Texas have slapped 21 U.S. citizens with an assortment of criminal charges for allegedly helping various transnational criminal rings launder their ill-gotten gains using cryptocurrency
8 days agocryptodaily
Brazilian Congress Passes Crypto Bill
Brazil’s lower house of Congress has passed a bill granting limited legal status to crypto payments and establishing a regulatory framework for the industry. Chamber Of Deputies Approve Crypto Bill On Tuesday, Brazil’s Chamber of Deputies approved a bill to establish a regulatory framework for the country’s crypto industry. The bill was previously approved by the Senate in April and was awaiting the decision of the Chamber of Deputies. The bill has passed into law and only requires the signature of the President to be enacted. However, the most noteworthy angle of the law is that it grants legal status to crypto payments for goods and services without granting crypto the status of legal tender. What’s Next For Crypto Bill? The bill was authored by deputy Aureo Ribeiro and sought to establish a “virtual service provider” license to be made mandatory for crypto exchanges and other crypto firms. Over the next 180 days, crypto companies based in Brazil will be required to follow the rules of registration, after which the law will be enforced. Once the law is in effect, the executive branch of the government, which includes the president and the ministers, will need to determine the government department responsible for supervising the legislature. It is most likely that the Central Bank of Brazil will be chosen for this task. As of now, the Brazilian counterpart of the SEC, the Comissão de Valores Mobiliários (CVM), is responsible for overseeing only the tokens that are categorized as securities. Increasing Oversight For Crypto The law has also recognized that digital currencies offer more opportunities for criminal activities of a massive scale due to their pseudonymous nature and has called for a “closer monitoring” of the industry. Accordingly, it establishes a new crime of fraud involving virtual assets, with penalties that include imprisonment and fines. Furthermore, the legislation did not approve an amendment to grant tax benefits to crypto miners and is also seeking to prevent another FTX-esque catastrophe; hence it directs crypto service providers to separate operational funds from those of the clients. Brazil’s Burgeoning Crypto Industry Brazil has been making significant moves in its crypto industry, taking strides instead of steps when it comes to establishing a regulatory framework to build on. For example, most recently, the country’s largest digital bank, Nubank, launched a program allowing its citizens to buy Bitcoin through its platform. Earlier this year, the mayor of Rio De Janeiro announced his plans to develop the city as the next global crypto hub. KuCoin’s “Into the Cryptoverse” report has also revealed that over 34 million Brazilians have invested in cryptocurrency. Therefore, this rapidly growing industry urgently needed a regulatory framework, which the Crypto Bill will now provide. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
9 days agocointelegraph
SBF reveals what was behind FTX's reopening of Bahamian withdrawals
The former FTX CEO has explained why the exchange only reopened withdrawals for Bahamian citizens shortly before filing for bankruptcy.
9 days agocoindesk
BlockFi Has $355M in Crypto Frozen on FTX, Attorney Confirms
Crypto lender BlockFi has about $355 million in cryptocurrencies currently frozen on crypto exchange FTX, attorney Joshua Sussberg told a bankruptcy court in New Jersey on Tuesday.
9 days agocryptodaily
The Solution To Crypto Private Key Management Has Arrived
Anyone who knows anything about crypto safety and security will have heard of the mantra “not your keys, not your coins”. For those who really care about securing their crypto, it’s imperative to maintain control of your private key - a randomly generated string of letters and numbers that provides access to your crypto wallet. Those who don’t control the keys do not control their funds, as customers of the popular crypto exchange FTX recently found out. Anyone who leaves their crypto in an exchange account is essentially trusting that platform to hold onto their funds for them - and that clearly isn’t a good idea. But as foolish as it is, people continue to trust cryptocurrency exchanges. That’s because so-called non-custodial wallets have indirectly caused the loss of an estimated $100 billion worth of Bitcoin alone, due to people losing their private key and being unable to access their funds. It’s no joke, as Briton James Howells discovered back in 2013 when he accidentally threw away a hard drive containing Bitcoin that is now estimated to be worth $200 million. The private keys were saved on the same hard drive that is now buried in a landfill site, meaning that he has no way to recover his lost fortune. It’s a dilemma that’s bad for crypto. With no easy system in place for people to retain control of their funds, the industry will probably never be able to achieve its goal of onboarding billions of people around the world into an alternative financial system. However, it doesn’t have to be this way. There’s a misnomer in crypto that users have a straightforward choice between using a centralized exchange, which means entrusting their funds with a third-party, or a non-custodial wallet, where they retain the private key. Leaving your funds in a crypto exchange means giving up your control and freedom in return for the peace of mind that, if you somehow lose your password, you’ll still be able to recover it through email and access your funds. It’s a trade off though, because exchanges have shown time and time again that they can’t be trusted to manage their customer’s funds. The only alternative is to manage your private keys yourself, and run the risk of one day misplacing them and losing access to your funds forever. Introducing the MPC Wallet: A Safer Option What few people realize is that there’s actually a third option, which offers a much better way. It’s a relatively unknown solution called the Multi-Party Computation wallet and can be thought of as a kind of hybrid between the two above options. MPC wallets are a viable solution that have already been adopted by institutional investors for some time already. Services such as Fireblocks, for instance, have been helping big-bucks investors retain safe custody of millions of dollars worth of crypto assets for years, and it’s about time that this technology has the same impact in the consumer space. What is an MPC Wallet? MPC wallets use some cryptographic wizardry to create a secure key management system that allows multiple parties to generate a new key, sign and verify transactions, securely and without any single point of failure. The way they work is quite technical, but essentially what happens is that the private key is split into multiple pieces that are linked using cryptographic techniques. As such, the task of verifying a transaction is split into smaller parts that are completed by multiple, different parties. Once all of these individual parts have been completed, they can be combined to verify the final result. It’s an approach that provides greater security and anonymity to users. The advantages of MPC wallets is that the user never has to deal with the private key. It means they can always access their wallet and the funds within it, and there’s no single point of failure that would enable hackers to access it. What MPC Wallets Are There? MPC wallets were traditionally only been available to institutions through a provider called Fireblocks. Its MPC wallet service essentially breaks up the private keys into multiple shards that are distributed between various parties, who must each verify a transaction before it can be confirmed. The requirement for multiple parties to be involved meant that it was difficult to provide this kind of service to consumers, but that has changed with the availability of MPC wallets from Coinbase and ZenGo. Coinbase introduced its MPC wallet earlier this year, allowing users to access a range of third-party dApps directly within the Coinbase applications. ZenGo, meanwhile, has actually been around for several years. In both cases, the way it works is that the user retains a part of their private key, with Coinbase or ZenGo storing the other part and helping the user to verify transactions. In this way, the wallet provider is unable to access the user’s funds. The main benefit for users is that they don’t have to worry about losing their private key as they never actually see it. Coinbase promises users that, even if they lose access to their device, the key to their wallet will remain safe and can be accessed with the company’s assistance through its live support channels. In the case of ZenGo, it relies on an encrypted biometric scan, email authorization and recovery software that’s installed on the user’s smartphone or laptop. By combining these technologies, ZenGo provides a simple way for users to access their wallet, without them ever having to worry about the private key. Recoverability Encourages Adoption The harsh reality is that it’s impossible to recover a traditional non-custodial wallet if you lose the private key. On the other hand, MPC wallets provide a familiar recovery experience, similar to the process of restoring access to a social media account. This kind of recoverability capability is likely to be crucial going forward. With episodes like FTX, users have become acutely aware of the dangers of keeping their funds on an exchange. Yet the alternative of trying to securely store a private key somewhere and never losing it is not appealing. It’s fair to say that many people simply do not trust themselves to look after something that’s so important. If the crypto industry is to onboard billions of users around the world, a safe and secure recovery method is absolutely a must-have. By providing a way for new users to hold assets without worrying about losing their private key, MPC is opening the door to crypto for millions of new users. 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
10 days agocointelegraph
Aave temporarily freezes lending markets to fend off further attacks
The temporarily frozen lending markets include twelve Ethereum-based tokens and five stablecoins.
11 days agocryptodaily
Cutting Down On Pool Fees Becomes a Necessity For Bitcoin Miners
Ongoing bearish market conditions continue to drive crypto prices down further. For Bitcoin miners, that means a fine line between breaking even or turning a loss. Finding any advantages, including reduced pool fees, can make a tremendous difference. Crunch Time For Bitcoin Miners When the price of bitcoin continues to decline, it triggers a ripple effect throughout the crypto industry. There is still some unease following the FTX bankruptcy filing. If anything, the next sell-off is around the corner, which will likely drive prices down even further. That is a problem for investors, but it also impacts the future of bitcoin mining. As Bitcoin block rewards are cut by 50% every four years, the BTC value tends to increase accordingly. For Bitcoin miners, it ensures their operation continues to either break even or become profitable. However, it creates an issue when the BTC value plummets - from $69,000 in 2021 to barely above $16,100 today. Miners must recuperate their hardware investment and operational costs as quickly as possible. Of course, that is easier said than done when the mined asset loses value. In addition, the overall Bitcoin mining difficulty has increased enormously in the past few years. As a result, significant companies and mining operators have pointed their hardware at the network to mine BTC and provide security. More mining hardware results in greater mining difficulty, impacting the revenue of all Bitcoin miners. Combined with dwindling BTC prices, it can force many operations out of business. Whether Bitcoin mining is profitable or not is a tough question to answer. There has been an increase in miner outflows - the amount of BTC sent to exchanges from known miners' wallets - indicating many are forced to liquidate every scrap of mining rewards. As a result, it will be paramount for miners to explore every advantage they can. That may lead to various miners switching mining pools, depending on where they can get the most bang for the buck. Reduced Pool Fees Are Beneficial Those who engage in Bitcoin mining have over a dozen pool options. Depending on which option they choose, the payouts will occur through PPLNS, PPS, FPPS, or other systems. In addition, Bitcoin miners must remember there is often a fee to be paid. That fee can be as high as 4%, although the industry average is closer to 2.5%. Cutting down that fee will benefit all Bitcoin miners. However, to do so, they may need to explore alternative mining pools, including PEGA Pool. The upcoming mining pool - launching in early 2023 - focuses on renewable energy mining to reduce the industry's carbon footprint. In addition, users joining the early access waitlist will get a lifetime 50% reduction on pool fees, allowing them to pocket more money from their activities. Mining fees can differentiate between keeping an operation going or being forced to shut down. PEGA Pool provides an attractive incentive to existing and future miners by slashing those fees for the lifetime of one's account. In addition, its focus on renewable energy sources aligns with a broader industry push to reduce reliance on fossil fuels. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
13 days agocryptodaily
ApeCoin Geoblocks North American Stakers
The United States was added to the list of regions geo-blocked from using an upcoming Apecoin staking service. Geo-Blocking Implemented Across North America Apecoin holders based in the United States would lose an opportunity of winning staking rewards due to the geo-block imposed on North America by the website. The site is being built by the blockchain infrastructure company Horizen Labs, which disclosed information about the geo-blocking in a Twitter update. The site ApeStake.io is being developed on behalf of the ApeCoin DAO (decentralized autonomous organization) and, according to the update from Horizen Labs, will be geo-blocked from the North American countries of the United States and Canada. The other countries and regions also on the list are North Korea, Syria, Iran, Cuba, Russia and Russia-controlled regions of Ukraine, Crimea, Donetsk, and Luhansk. A section of the update reads, “We are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today’s regulatory environment, we had no good alternative.” SEC Investigating Yuga Labs Crypto staking refers to the process of locking up one’s crypto assets or digital coins to secure a certain blockchain network and, in turn, receiving rewards in terms of network fees and subsidies or a periodic yield. However, securities regulators in the United States have been targeting such products and have come down hard on other crypto lending platforms providing simar services. The decision by ApeCoin to implement geo-blocking across the U.S. came soon after the Securities and Exchanges Commission (SEC) launched a probe into ApeCoin creator Yuga Labs in October. As with Ripple and XRP, the SEC is investigating if the popular NFTs under the Yuga Labs banner act more like securities and are subsequently flouting federal laws. Loopholes To Access APE Staking Although the website will act as an interface to interact with the Ethereum-based open-source smart contract, there will be other ways to work around the geo-block. Several other exchanges and DeFi platforms are also designing similar interfaces to allow users from geo-blocked locations to stake APE. Another alternative for users from geo-blocked locations is to interact directly with the smart contract. According to the ApeCoin team, “We want to remind the community that one of the benefits of decentralized finance is that anybody can interact with a smart contract, or develop clients and interfaces that allow users to interact with smart contracts.” Furthermore, the use of VPN is also quite popular among the crypto community and can be used in this instance to hide their IP addresses. 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 agocointelegraph
Uzbekistan issues first crypto licenses to two local ‘crypto stores’
Starting from January 2023, only licensed cryptocurrency firms will be allowed to provide cryptocurrency trading services to Uzbek citizens.
15 days agocointelegraph
FTX miniseries gets go ahead, covering the ‘most brazen frauds ever committed’
The Russo’s are reported to have said that FTX “is one of the most brazen frauds ever committed” in their reasoning for wanting to create the show.
16 days agocointelegraph
New York AG pushes prohibition of crypto purchases via retirement funds
The NYAG clarified that digital assets differ from blockchain technology, and it has no issues with citizens purchasing stakes in publicly traded blockchain-based businesses in retirement accounts.
16 days agocryptopotato
Two Estonians Arrested for Allegedly Running a $575 Million Crypto Fraud
The Estonian citizens Potapenko and Turõgin could go behind bars for 20 years for draining around $575 million worth of crypto.
17 days agocoindesk
Two Estonians Charged With Running a Series of Crypto Scams Totaling $575M
Federal prosecutors in Washington state have charged two Estonian citizens with running a series of crypto scams that allegedly defrauded hundreds of thousands of investors around the world of a combined $575 million.
22 days agocointelegraph
Terra Labs, Luna Guard commission audit to defend against allegations of misusing funds
The audit tracked efforts to defend the UST peg May 8-12 and no found wrongdoing. LFG used the data to draw conclusions about frozen funds.

About Horizen

The live price of Horizen (ZEN) today is 10.2917 USD, and with the current circulating supply of Horizen at 13,125,225 ZEN, its market capitalization stands at 135,081,483 USD. In the last 24 hours ZEN price has moved 0.1934 USD or 0.02% while 3,996,690 USD worth of ZEN has been traded on various exchanges. The current valuation of ZEN puts it at #172 in cryptocurrency rankings based on market capitalization.

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

ZenCash aims to be a secure and useful privacy coin, offering users zero-knowledge proof shielded transactions over an end-to-end encrypted network provided by compensated secure nodes. The project launched as a fork of Zcash technology using zk-SNARKs, but is building out in a direction focusing on usability, grassroots community involvement, and a self-funding treasury model that compensates stakeholders for continued network improvements and growth.


Horizen Price10.2917 USD
Market Rank#172
Market Cap135,081,483 USD
24h Volume4,073,273 USD
Circulating Supply13,125,225 ZEN
Max Supply21,000,000 ZEN
Yesterday's Market Cap134,097,520 USD
Yesterday's Open / Close10.0234 USD / 10.2168 USD
Yesterday's High / Low10.2463 USD / 9.8697 USD
Yesterday's Change
0.02% ( 0.1934 USD )
Yesterday's Volume3,996,689.80 USD
Mining Info
Hashing algorithmEquihash
Pools (known)16
Pools Hashrate957.96 MSol/s
Network Hashrate1.70 GSol/s
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