cryptocurrency widget, price, heatmap
Search icon
Search icon
Telegram iconTwitter icon
Share icon
Share page
Cryptocurrencies/Coins/Insolar (INS)
Insolar price, market cap on Coin360 heatmap

Insolar(INS)

Arrow icon
Add to Watchlist
?
? SAT
Market Cap (Rank#355)
?
? BTC
Vol 24h
?
? BTC
Circulating Supply
32,500,000
Max Supply
50,000,000
1h ago zycrypto
How High Is The Crypto Fear? New Survey Shows That 72% Of Institutional Traders Are Skeptical Of Digital Assets In 2023
A new survey carried out by JPMorgan reveals that nearly three-quarters of institutional traders will not mingle with digital assets this year.
2h ago cryptodaily
FinTech Firm tZERO Announces Exchange Shutdown
tZERO, a financial technology firm funded and majority-owned by Overstock, has announced that it will be shutting down all operations for its tZERO Crypto exchange platform by March 6th, 2022. The firm made the announcement through Twitter, citing, among other reasons, a lack of liquidity and trading activity as factors that led to their decision. The amount of time remaining for operation was intended, according to the exchange, to allow for an orderly withdrawal of assets from its customer base. The firm, however, has not issued a formal clarification on whether the security tokens that were offered on its exchange would likewise be affected once it shuts down. “We believe that many digital assets would be treated as securities and trade in a regulated ecosystem." the firm said. Another reason for the exchange's shutdown is a shift in priorities. An official statement from the company has detailed that it will instead focusing on regulated securities products post-shutdown. This decision was likely reached due to the brewing regulatory climate in the U.S., with the Securities and Exchange Commission (SEC) still scrambling to clarify the exact status of digital assets, which scopes out both cryptocurrencies and non-fungible tokens. tZERO's exchange platform, launched in 2019, was once well known in the crypto space for facilitating securities offerings, with a specific market for private companies transitioning to a public status. Tokenized shares of digital securities are sold to these private companies, either to gain exposure to crypto, or for said companies to establish a crypto portfolio on their own books. Overstock, an online retailer also based in the U.S., owns roughly 55% of tZERO shares. The move to pull the plug on its exchange is not completely unexpected, as other large digital asset companies have made similar decisions given the regulatory climate, in particular within the jurisdiction of U.S. authorities. At this point, there is no indication that tZERO's other offerings and services will be affected by the closure of their exchange platform. The firm’s web-based platform, a digital securities trading venue and crowdfunding portal, appear to remain unchanged. tZERO also operates as an over-the-counter blockchain-based brokerage, while also providing insights and analytics for capital markets. 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.
3h ago cryptodaily
Indonesia To Launch National Crypto Exchange in June 2023
Indonesia has finally set a date for its long-awaited national cryptocurrency exchange. Trade Minister Zulkifli Hasan announced that the exchange would launch in June later this year after it was initially set to launch by the end of 2022. Zulkifli Hasan, the Indonesian trade minister, announced that the country's national cryptocurrency exchange would launch in June 2023. Initially set to launch by December 2022, but was delayed due to preparations as the government tries to ensure that all requirements, procedures, and steps moving forward go according to plan. According to the Minister, the government is currently reviewing companies to assess which meet the criteria for joining the exchange. Nat’l Exchange Will Serve as Custodian and Mediator for Private Exchanges Minister Hasan noted that five exchanges have already been registered in the country but will now operate under Indonesia's national crypto exchange, the Nat’l Exchange. The Minister clarified that the exchange would act as a mediator, or go-between, between buyers and sellers. As a custodian, Nat’l will manage the flow of assets while protecting the interests of buyers and sellers. Hasan further added that the platform would serve as a custodian and mediator for the cryptocurrency market in Indonesia, ensuring that the trades and activities of the five other private exchanges are conducted without any issues. Crypto Oversight Set to Change Along with the Launch of the Nat’l Exchange Supervision and control over cryptoassets in Indonesia currently fall under the purview of the Indonesian Commodity Futures Trading Regulatory Agency, also known as Bappebti. Reports indicate that crypto oversight will be handed over to the Financial Services Authority following the exchange's launch. The change of regulatory oversight comes after Indonesia's crypto regulations were modified in December 2022. According to the revised rules, cryptocurrencies and other digital assets are classed as Regulated Financial Securities, meaning they no longer fall under the jurisdiction of Bappebti. Suminto Sastrisuwito, the National Finance Ministry's head of Financing and Risk Management, said that cryptoassets had become a financial instrument and investment, hence the reason for the change in supervision. Sastrosuwito explained that cryptoassets necessitate oversight as investments and financial instruments, which Bappebti is not equipped to oversee. 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.
4h ago cointelegraph
Bitcoin, Ethereum and select altcoins set to resume rally despite February slump
Bitcoin and select altcoins such as ETH, OKB, ALGO, and THETA may extend their up-move after a brief correction.
11h ago cryptodaily
Crypto Weekly Roundup: EU Stablecoin, Binance Card, And More
The crypto market appears to be recovering, and the gradual upward movement has increased investors' hopes. Let’s find out more. Bitcoin In a recent SEC filing, the electric vehicle manufacturing company reported a loss of $140 million on its net Bitcoin holdings. Bitcoin-based payments network and financial application Strike has announced that it is expanding its Bitcoin Lightning Network-powered money transfer services to the Philippines. As Bitcoin looked to be running out of puff after a 44% pump since the first of January, many investors may have been taking profits in BTC. Ethereum Ethereum Layer-2 scaling solution Optimism has announced plans to issue a major upgrade to enhance network performance, which is scheduled for March. Ethereum's scheduled Shanghai hard fork is going forward, and details for a public testnet dubbed Zhejiang have been released. Altcoins The Cardano-based Djed stablecoin (DJED) has attracted over 27 million ADA tokens as reserves less than a day after its launch. Binance’s BUSD stablecoin has seen a sharp fall in market capitalization, as its circulating supply dropped to $15.4 billion on Wednesday. Technology Helsinki-based fintech company Membrane Finance launched Europe’s first fully-reserved, EU-regulated stablecoin, and payments network, EUROe. The Kin Foundation announced the launch of Kinetic, its flagship middleware (integration ramp/tool) built off of the Solana ecosystem. Business The bankrupt cryptocurrency lender BlockFi has obtained approval to sell its crypto mining equipment as it tries to repay its creditors. The prepaid Binance Card is currently in beta testing and is being launched in Brazil by a Binance-Mastercard partnership. Regulation Federal Reserve Chairman Jerome Powell announced the possibility of another couple of rate rises before pausing for the rest of 2023. The United States Department of Justice has launched a probe into Silvergate Capital Corp. and its dealings with bankrupt crypto firm FTX and its sister concern Alameda Research. A lawsuit against Coinbase and its CEO, Brian Armstrong, was dismissed on Wednesday as the judge exposed a flaw in the plaintiffs’ claim. The Independent Community Bankers of America (ICBA) are calling for lawmakers and regulators to rein in the cryptocurrency industry. Hong Kong remains steadfast in its pursuit of becoming Asia’s digital-asset hub despite the catastrophic fallout from the collapsed crypto exchange FTX. The judge presiding over the SEC’s case against the decentralized publishing platform LBRY has ruled that the secondary sales of LBC do not qualify as the sale of securities. The United Kingdom has opened a consultation on new rules for regulating the crypto sector, similar to traditional finance (TradFi). India’s annual Economic Survey has been published, and crypto concerns have been extensively discussed. NFT YouTuber Logan Paul has been named in a class-action lawsuit against his project CryptoZoo, which has been accused of fraudulently stealing millions from investors. Mastercard’s former NFT product lead alleged workplace mistreatment and sold his resignation letter as an NFT. Despite the market downturn, the Premier League has finalized a deal with French fantasy sports platform Sorare to launch NFT collections. 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.
12h ago cryptopotato
Memecoins Explode Weekly: BabyDoge Soars 150%, SHIB Up 28% (Weekend Watch)
Today's top performers are two of the most popular memecoins.
15h ago cointelegraph
Shiba Inu price rebounds 100% after record lows against Dogecoin — More upside ahead?
SHIB price technicals hint at another possible 40% rally for Shiba Inu versus Dogecoin as Shibarium comes into focus.
20h ago cointelegraph
New Jersey enforces cease and desist orders against three ‘pig butcher’ scammers
These cybercriminals reach out to romance-seekers from dating apps like Tinder before convincing them to invest in their fraudulent cryptocurrency investment schemes.
1 day ago zycrypto
Cardano Smart Contracts Hit Record High, Positioning ADA For Resilience Against Market Turbulence
The number of smart contracts on Cardano is rising, with the latest on-chain data from Blockchain Insights showing that the figure was at...
1 day ago cryptopotato
Here’s the Next Support for XRP if $0.40 Fails (Ripple Price Analysis)
XRP’s price has not yet shown any significant strength as it continues its struggle to surpass a critical resistance level over recent weeks. Things are not looking much better against BTC, with a major support level getting broken to the downside. Technical Analysis By: Edris XRP/USDT Daily Chart On the daily chart, the price has […]
1 day ago cryptodaily
Apecoin (APE) Set to Explode as the APE Ecosystem Grows, Orbeon Protocol (ORBN) is an Investor Favorite as it Enters the Sixth Stage of Presale
2022 was harsh on many crypto projects, leaving many high-flying projects in the clutches of the bear market. However, the same can&rsquo;t be said for Apecoin (APE), the native token of the Bored Ape Yacht Club NFT collection. This token had a great year, despite being launched just last year. Another rising star analysts have predicted to go all the way is the Orbeon Protocol (ORBN). ORBN just moved into the sixth stage of its presale and it has been forecasted by analysts to surge by 6000% during its presale following an initial price of $0.004 to $0.24. It is expected to do even better when listed. Any investor looking to make profits on tokens this year needs to look critically at these two tokens. This short piece will walk you through everything you need to know about both tokens. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Orbeon Protocol (ORBN) Orbeon protocol (ORBN) is one project whose price action is purely fueled by its use case. The innovation behind the crowdfunding investment platform makes it one that will benefit investors for a long term. The Orbeon Protocol (ORBN) allows everyday investors to invest in companies they believe in, which helps startups raise funds faster. This is possible through the use of equity-backed fractionalized NFTs, available to everyday investors for as little as $1 as a form of investment. This democratizes access to the venture capital industry allowing anyone to get involved with comparatively low capital. Apart from its solid use case, ORBN is an investor favorite due to its bridges to various established blockchains. Its availability on these blockchains means it can be easily accessed and traded when it is finally listed. ORBN is approaching the final stages of its presale and will launch on Uniswap once the presale is over. Analysts are confident that ORBN will surge by up to 6000% once the presale concludes, with these predictions stemming from the fact that Orbeon Protocol has seen a 1400% price increase in presale so far. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Telegram: https://t.me/OrbeonProtocol 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.
1 day ago cointelegraph
FTX-tied townhouse in Washington DC unlisted: Report
A few blocks from the U.S. Capitol, the townhouse belongs to Guarding Against Pandemics, a nonprofit organization founded by Gabriel Bankman-Fried, SBF's brother.
1 day ago cryptodaily
Reentrancy Exploit Siphons $3m Off Orion Protocol
Orion Protocol, a decentralized protocol enabling liquidity pools to get reliable access and exposure between centralized and decentralized exchanges, was subjected to an exploit due to vulnerabilities from third-party libraries. The exploit was executed as a reentrancy attack, allowing yet unidentified threat actors to siphon over $3 million off the crypto exchange. The precise nature of the attack has yet to be confirmed, but it is believed that a malicious actor was able to take advantage of information security vulnerabilities within third-party libraries integrated to the protocol. A reentrancy exploit is a type of attack vector that exploits a vulnerability from within a protocol's smart contract code to repeatedly access and manipulate functions by repetitive calling. This is deployed by threat actors with the intent of draining funds off of a contract, right before it could update its internal state. Lock functions on smart contracts are not readily available, but can be hardcoded during the execution of its balancer. This is similar to the type of vulnerability reported on UniSwap by Dedaub, a Paris-based blockchain security firm. An investigation into the matter has been initiated by the protocol's developers, while its management has promised that they have been taking proactive steps to secure the protocol further. "We have reasons to believe that the issue was not a result of any shortcomings in our core protocol code, but rather might have been caused by a vulnerability in mixing third-party libraries in one of the smart contracts used by our experimental and private brokers,"said Alexey Koloskov, CEO of Orion Protocol, while also assuring users of the protocol that their funds are safe. Blockchain security firm Peckshield, which first identified and disclosed the vulnerability has confirmed further details on the matter, and said that the protocol has been paused, with the root cause already being addressed by Orion Protocol's team. This particular incident, alongside other instances of reentrancy attacks across the decentralized web, serves as a reminder of the importance of information security in the crypto sector, especially given the massive implications that smart contract vulnerabilities can play out. The integration of third-party libraries may either be pre-audited or be based off of deals to expand a project's reach, but compromise in these cases cannot be decided over with the prospect of mere profit or an increase in valuation: user security and peace of mind must come first. 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.
1 day ago cointelegraph
How to protect against crime in the metaverse
To protect against crime in the metaverse, take precautions, such as using secure passwords, and report suspected criminal activities to law enforcement.
1 day ago cryptodaily
Bitcoin, Ethereum Gain Massively; Big Eyes Coin Rakes In $22M as Crypto Skyrockets
On Thursday, the cryptocurrency market had a major upward surge, helping the weekend get off to a good start. A 100% increase in trade volume helped the global crypto market valuation rise by more than 3%. In spite of expectations for a recovery in the upcoming weeks, Bitcoin and Ethereum ultimately continued their week-long bullish run and even made it a little better. Here are the main causes behind the cryptocurrency market's remarkable turnarounds. Bitcoin: Bullish Run Continues Following Fed Action The price of Bitcoin (BTC) momentarily recovered the 24,000 mark on Wednesday night after several days of extreme volatility, soaring to levels last seen during its 2022 highs. However, despite falling to $23,800 on Thursday, statistics from CoinGecko reveal that the largest cryptocurrency is up 3.6% for the day and as high as 42% for the past 30 days. The largest cryptocurrency in the world soared when the Federal Reserve increased interest rates by 4.5% to 4.75% and 25 basis points. It also comes after the positive month of January, when Bitcoin's value increased by about 40%, marking the greatest outcome since 2013. Due to a number of changes in the cryptocurrency industry, including an increase in institutional investors and improvements in crypto regulation, Bitcoin has become more and more popular. Ethereum Sets Eyes On USD 1,800 The fact that Ethereum (ETH) crossed the $1,600 threshold early on Thursday morning has encouraged investors. Ethereum's price is now above $1,670 after rising by 5% during the previous day. According to CoinMarketCap, it now ranks second with a live market cap of $204 billion and a 24-hour trading volume expected to be over $9.6 billion. Technically speaking, Ethereum has broken through an ascending triangle pattern that was acting as resistance close to the $1,660 mark. The ETH price may rise to $1,725 as an initial objective if there is a bullish breakout over this level. Big Eyes Coin: From &lsquo;Underkitten&rsquo; To Industry Giant? Meme coin Big Eyes Coin (BIG) has risen to stardom, shrugging off the &ldquo;newcomer&rdquo; status to an unbelievable prominence in a short while. It is fast becoming a household name in the cryptocurrency market, with incredible performance at presale! The cat-themed token is breaking new grounds, raising an astonishing $22 million even before the market officially opens. Cat enthusiasts, often referred to as the organisationthat controls the Big Eyes Coin domain, have given their approval to the features and functionalities of the widely talked-about coin. People from all around the world may interact and learn everything there is to know about cryptocurrency, cats, and adorable content thanks to the community-led meme token's usage of decentralised technology. BIG's solid team, wide range of offerings, and well-rounded investing ethos make it a safe and reputable option in the cryptocurrency market. Big Eyes Coin has been named by analysts as an upcoming market leader in cryptocurrency. Investors are now advised to take advantage of the 200% launch bonus and get more value for their investments as the currency is set to go live in the shortest amount of time. Wait no more! Purchase the BIG token now to take advantage of the little time left and get three times the value of your investment. Use the promo code: &rdquo;LAUNCHBIGEYES200 Find out more about Big Eyes Coin (BIG): Presale: https://buy.bigeyes.space/ Website: https://bigeyes.space/ Telegram: https://t.me/BIGEYESOFFICIAL 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.
1 day ago cryptodaily
5 Bottlenecks for Growth of Big Eyes Coin, Bitcoin and Ethereum in 2023
The crypto world has come of age as it has now become a global village of thousands of cryptocurrencies and decentralized applications. While established crypto brands like Bitcoin and Ethereum are still relevant, an influx of new and innovative cryptocurrencies like Big Eyes Coin have already made their presence felt. Big Eyes Coin, a cat-themed meme coin, is raising the bar high for its peers as it has attracted massive interest by raising almost $21 million in its presale, which has entered Stage 10. Despite the establishment of a niche market for cryptocurrencies, it is yet far from reaching its true potential. Many bottlenecks have blocked the way for consistent and sustainable growth for the crypto world over the years. Some of such leading challenges include lack of regulation, emerging security threats, scalability, user adoption, and the absence of a unified trading system. In this article, we will discuss some of the other issues and challenges which are keeping the crypto world from living up to expectations and joining the mainstream financial system. 1. Find a Solution to Liquidity Constraints 2. Move Towards Centralized Solutions 3. Deal with Energy Consumption Issues 4. Offer Better Privacy to Holders 5. Integration with Legacy Systems 1. Find a Solution to Liquidity Constraints Liquidity has always been a core challenge for the crypto world. Since their emergence half a decade ago, liquidity has always clipped the wings of cryptocurrencies and crippled their endeavor to be available to a major chunk of global traders, businesses, and investors. The liquidity limitation makes it difficult for investors and traders to buy and sell cryptocurrencies. It is not only rampant in the crypto world but is also a major concern in the mainstream financial system, especially in stock markets. The crypto world is an alternative to the existing financial system but it would have to resolve the liquidity issues if it is to stay relevant for the long term. 2. Move Towards Centralized Solutions One of the major differences between the crypto world and the traditional financial system is the fact that cryptocurrencies are decentralized. It is indeed a key advantage for the crypto industry. However, at times this advantage also turns into their biggest nightmare because it prevents them from coordinating and collaborating on important challenges like regulation, security, and scalability. Almost all cryptocurrencies have their own exclusive network which stops their ability to act in unison like an industry. It eclipses their ability to present users with one platform that entertains all cryptocurrencies for selling and buying tokens. 3. Deal with Energy Consumption Issues Is the crypto world a friend to our beloved planet? People have divided opinions on this matter. There has been a hue and cry in international media about extensive energy consumption by cryptocurrencies. The truth of the matter is that Big Eyes Coin, Ethereum, Dogecoin, and all other cryptocurrencies use intricate and complex mathematical computations or calculations, which consume massive energy. This energy consumption has long been a part of a debate. However, the crypto world will have to come up with a solution to address the energy consumption challenge for its sustainable survival. Also, greater interaction with environmentalists is required to change the bad perception of the crypto world&rsquo;s energy consumption. 4. Offer Better Privacy to Holders It goes without saying that decentralized applications and cryptocurrencies are more secure and private than the mainstream financial system. However, there are real concerns about the lack of privacy in the crypto world that stops its way from a larger user adoption worldwide. For example, Bitcoin is not truly anonymous, and one can easily track the transaction data of its users. 5. Integration with Legacy Systems As cryptocurrencies operate outside of traditional financial systems, they are not fully integrated with legacy systems. Legacy systems, such as banks, payment processors, and government institutions, are responsible for a major chunk of interaction worldwide. In order to become widely adopted globally, the crypto world must launch measures to integrate with the existing financial systems and infrastructure. This challenge calls for a bigger collaboration between the crypto world and mainstream financial institutions. It&rsquo;s Time to Cash in on an Incredible 200% Bonus Big Eyes Coin&rsquo;s presale shopping spree has entered Stage 10 where the cat-themed meme coin has raised almost $21 million. You can&rsquo;t afford to stay aloof. Use the promotional code LAUNCHBIGEYES200 to gain access to a remarkable 200% bonus. Time is short as it is the last-ever bonus code. So, act now and be a cryptocurrency investor with the odds in your favor. Find out more about Big Eyes Coin (BIG): Presale: https://buy.bigeyes.space/ Website: https://bigeyes.space/ Telegram: https://t.me/BIGEYESOFFICIAL 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.
1 day ago cointelegraph
Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch
Central bank Governor Nandalal Weerasinghe believes that adopting decentralized cryptocurrencies would worsen the country’s economic situation.
1 day ago cryptodaily
Decentralized Social Media App Damus Gets Banned In China
Damus, a newly-launched decentralized social media platform just got banned in China. Designed as a Twitter alternative and backed by Jack Dorsey, the app has been blocked in the country due to its decentralized nature, which goes against China's policies. China's stance on censorship has been well-known, with the country clamping down on social media platforms in the past. Damus was launched as an alternative to Twitter and other existing social media networks, but due to its decentralized nature, it violated the Chinese government's regulations surrounding the use of social networks. The platform only operated for roughly 48 hours before it was blocked by Chinese authorities, led by the Cyberspace Administration of China (CAC). According to Damus, the authorities demanded the app&rsquo;s removal due to an alleged violation of national speech laws. Given how the app was launched on the country's AppleApp Store equivalent, the Palo Alto-based tech giant immediately complied with the takedown request. There are, of course, decentralized security measures in place that are built into the Damus app, given how it's built on top of Nostr, an open protocol for censorship-resistant social networks. Over Nostr, Damus is run from a client, whether as a native client or as a web client. For publications of any major type of media file, keys are signed and sent to multiple relays. For updates, a user requests from these relays and server instances, while signatures are verified on the client end. This operative framework forms the secure model for the creation of a decentralized social platform such as Damus, which Nostr devs envisioned as a proof of concept for the open protocol. Jack Dorsey's involvement in the project began in 2022 when he donated 14 BTC (roughly equivalent to $320k as of press time) to support the development of Nostr. At the time, Nostr was already building integrations for the Bitcoin Lightning Network, which Dorsey passionately advocated during his time at Twitter. China has been known for its censorship of activists, journalists, and critics of its nominally socialist government. As a largely authoritarian state, policy dictates the way social media platforms are used and accessed in the country. In this case, the policy stance of China appears to have been an obstacle for Damus ever since it registered for release in the country. Current tensions between China and Taiwan may also be a contributing factor in the tightening of restrictions across the country's social media space. China is one of the most censored countries in the world. The Chinese government has a long history of attacking free speech and censoring information that it deems as a threat to its power. In recent years, the Chinese government has implemented various methods of censorship, ranging from blocking certain websites, limiting access to certain topics on social media, and even punishing people who express dissenting opinions. This censorship extends beyond media and journalism &ndash; it also applies to art, literature, and education. China also has a strict regulatory policy over cryptocurrencies in general, ruling crypto and digital assets as property despite a trading ban in place. As an open-source protocol based on cryptographic keypairs, Nostr is censorship-resistant by design. The banning of Damus showcases how policy restrictions can pose a challenge to innovation, particularly when it comes to decentralized technology. This incident serves as a stark reminder of the difficulties of launching decentralized social media applications in countries with strict policy stances.It's unclear if or when Damus will be able to re-enter the Chinese market, but at least for the unforeseen future, potential users in the country are blocked from using 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.
1 day ago cryptodaily
Russia’s Sberbank Planning To Launch DeFi Platform On Ethereum
Sberbank, Russia&rsquo;s largest bank, has announced it is going ahead with its plan to launch its decentralized finance (DeFi) platform on Ethereum. According to the bank, there are plans to launch open trials for the platform as early as March 2023. A New DeFi Platform Russia&rsquo;s largest bank has announced that it is moving forward with the launch of its decentralized finance (DeFi) platform. According to officials at Sberbank, the bank plans to launch the open trials of the new platform by May 2023, according to Konstantin Klimenko, the product director of Sberbank&rsquo;s blockchain lab, who believes that DeFi systems will displace the traditional banking services. Sberbank&rsquo;s upcoming DeFi platform is currently being tested in private beta and should be fully open by the end of April or the beginning of May, allowing users to conduct commercial transactions via the platform. Klimenko stated, &ldquo;We have set ourselves a big goal &ndash; to make the Russian DeFi ecosystem number one (decentralized finance system &ndash; IF). Our network is now operating in the format of closed beta testing. (&hellip;) From March 1, we will move to the next phase; it will no longer be beta testing, but open testing. t the end of April, the platform will be fully open, and then it will be possible to make some commercial operations on it.&rdquo; Compatibility With Ethereum And Metamask Klimenko also stated that the platform would be compatible with the Ethereum blockchain, ensuring compatibility with major wallets such as MetaMask, and move their assets around seamlessly, and moving crypto from existing platforms to newer ones. According to executives, Sberbank is hoping to make its DeFi platform a prime DeFi ecosystem in Russian finance and also expressed confidence in disrupting the traditional financial and banking system in the country. Sberbank has been quite vocal about its plan to develop a link between its blockchain platform and its growing decentralized finance ecosystem on Ethereum. However, it has faced roadblocks, with the shortcomings and dangers of decentralized finance catching the eye of Russia&rsquo;s central bank and its Ministry of Finance. In Line With Previous Announcements The latest move by Sberbank is in line with its plan to enable DeFi and DeFi applications on its existing infrastructure. Back in November 2022, the Russian banking giant had announced a slew of new features for its proprietary blockchain platform. These included compatibility with smart contracts and applications based on the Ethereum blockchain. Clarity Around Regulation Needed However, despite the optimism around the announcement, it remains to be seen how Sberbank&rsquo;s upcoming decentralized finance platform will be regulated by the authorities. This is because Russia has still not come up with regulations for digital assets and currencies. However, according to the head of the Duma&rsquo;s Committee on Financial Markets, Russia is on track to adopt crypto regulations in 2023. Sberbank had previously struggled to launch its DeFi ecosystem and blockchain tools over the past few years, primarily due to multiple delays when it came to registration by Russia&rsquo;s central bank. Sberbank had originally expected to launch its digital asset issuance platform in 2021. However, it was able to receive the Bank of Russia&rsquo;s approval only in 2022. It is also important to remember that the Russian government is a majority shareholder in Sberbank, holding a 51% stake. Recently, the country&rsquo;s fourth largest private bank, Alfa bank, became the fourth financial institution in the country to be granted permission to issue digital assets, joining Sberbank, state-backed tokenization platform Atomyze, and Lighthouse, a fintech company. 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.
1 day ago cryptodaily
Centrifuge Faces Debt Crisis, Registers $5.8m in Unpaid Loans
Centrifuge, a decentralized protocol operating as a lender, is reportedly facing a liquidity crunch, with collateralized loans amounting to roughly $5.8 million being tracked off as the platform's debt. While Centrifuge describes itself as an on-chain ecosystem for structured credit with direct collateralization from real-world assets, data from blockchain credit analytics platform Real-World Assets Dashboard (RWA.xyz) reveals a rather distressing signal: the debts on Centrifuge's platform have piled up, with assets including consumer loans, invoices, and trade receivables financing. Centrifuge's own dashboard details this, and the protocol's maintainers have also confirmed the crisis. However, given how Centrifuge is built as a decentralized autonomous organization (DAO), its representatives have no hierarchy and are not directly involved in any deals between investors and any asset's originator. The platform itself operates as a credit marketplace for lenders and borrowers, executing transactions through a smart contract. Interested asset originators are enabled to execute traditional assets such as mortgages, invoices, or consumer credit into NFTs, allowing users to place these as collateral for financing from accredited investors. There's a catch though: it's not for free, and an interest payment is set according to the market's overall liquidity condition. Since its inception, Centrifuge has become a popular DeFi platform with over $130 million recorded for its TVL (total value locked), ranking as one of the highest alongside its sector competitors for blockchain-based real-world asset lending. These unpaid loans could act as a major headwind for DeFi, and Centrifuge may need to go back to its DeFi roots if it wants to maintain the liquidity of its platform. The DeFi space needs to stay vigilant in order to ensure that their protocols remain transparent and secure, especially when considering how much financial value is locked up within them. Centrifuge's main competitors, Maple Protocol and TrueFi, are also in debt, partly due to exposure and correlation to the now-defunct FTX exchange, as well as correlated borrowing in connection with Three Arrows Capital. Several high-profile borrowers in the DeFi sector have since declared insolvency and defaulted on their loans. The loans on Centrifuge are distinct from other lending protocols in debt crisis due to the platform's promise of immunity from crypto market volatility. However, as these reports suggest, this may no longer be the case. 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 ago coindesk
Legal Expert Says Mango Markets Exploit Case Is Wake-Up Call For DAOs
Benjamin Bathgate, partner at Canadian-based law firm McMillan LLP, says the lawsuit against Avraham Eisenberg, the alleged Mango Markets exploiter, could impact how DAOs implement their legal and governing structures in the future.
2 days ago coindesk
Why Crypto Is Not an 'Industry'
What term should we use to describe the collective of individuals and projects working to further the use cases of blockchain technology? Are we an industry, a sector or something else? Noelle Acheson explains why this matters more than we might realize.
2 days ago cointelegraph
Price analysis 2/3: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Strong U.S. jobs data for January could not pull Bitcoin and select altcoins lower, indicating a strong bullish undercurrent.
2 days ago cryptopotato
Craig Wright’s Case Against Bitcoin Developers Headed to Full Trial
Tulip Trading’s allegations present a “serious issue to be tried,” according to the UK Court of Appeals.

About Insolar?

The live price of Insolar (INS) today is ? USD, and with the current circulating supply of Insolar at 32,500,000 INS, its market capitalization stands at ? USD. In the last 24 hours INS price has moved ? USD or 0.00% while ? USD worth of INS has been traded on various exchanges. The current valuation of INS puts it at #355 in cryptocurrency rankings based on market capitalization.

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

Insolar (INS) is the ERC20 token of the Insolar blockchain platform. The project is building an open source enterprise-grade platform that will facilitate business interactions between companies. The Insolar coin is designed to meet business needs; it is used as a payment unit in the Insolar network and as a means for clients to purchase services, applications and more within the platform. Investors can buy INS coin on Binance, Bithumb, OKEx, and KuCoin. Find Insolar's price, market cap, trading volume and other market data on COIN360.
Insolar Price? USD
Market Rank#355
Market Cap? USD
24h Volume? USD
Circulating Supply32,500,000 INS
Max Supply50,000,000 INS
Select...
/
Select...
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
Explorers
Community
facebook icontwitter iconmedium icontelegram icon
Source Code
Related Coins
cryptocurrency widget, price, heatmap
v 5.4.1
© 2017 - 2023 COIN360.com. All Rights Reserved.
Arrow icon