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JUST(JST)

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$0.033019
(4.86%)
0.00000140 BTC
Market Cap (Rank#136)
$293,939,074
12,419 BTC
Vol 24h
$22,361,798
944.781 BTC
Circulating Supply
8,902,080,000
Max Supply
9,900,000,000
1h agocryptodaily
German Crypto Bank Nuri Files for Insolvency
Nuri, a cryptocurrency-focused digital banking platform announced it has filed for insolvency in Germany on Tuesday, citing the prolonged crypto winter. The company has assured that customers' access to the platform’s services and their funds have not been affected. The 2022 bear market has claimed yet another victim. On August 9, the German crypto exchange Nuri filed for insolvency before a Berlin court citing the prolonged bearish cycle the crypto market has undergone since the beginning of the year, saying the move was “necessary to ensure the safest path forward for all our customers.” Although insolvency often leads to bankruptcy, according to Reuters, unlike other crypto firms to have declared insolvency this year, Nuri has not halted customer withdrawals to their euro accounts and crypto wallets. Users are still able to move their funds. The company was forced to make this decision following unsuccessful attempts to secure a new funding round. The company said in a statement, All funds in your Nuri accounts are safe due to our partnership with Solarisbank AG. The temporary insolvency proceedings do not affect your deposits, cryptocurrency funds, and Nuri Pot investments which have been done with us. Nuri, formerly known as Bitwala, has been operating since 2015, offering users the convenience of a regular bank account combined with Bitcoin and Ethereum wallets. The platform also offers saving plans via recurring Bitcoin purchases, as well as its recently launched Nuri Pots, a collection of different exchange-traded funds and other investment products. Explaining the reasoning behind the decision to file for insolvency, Nuri said it has been facing a “lasting strain” on its business liquidity in 2022 due to “significant macroeconomic headwinds” including the COVID pandemic and Russia’s invasion of Ukraine along with “the cooling down of public and private capital markets.” The company said, Additionally, various negative developments in the crypto markets earlier this year, including major cryptocurrency sell-offs, the implosion of the Luna/Terra protocol, the insolvency of Celsius and other major Crypto funds have led to a crypto bear market. The insolvency filing comes just two months after CEO Kristina Walcker-Mayer, announced the company was letting go of 20% of its employees “to shift our strategic plans towards earlier profitability to adapt to the new reality in the financial markets.” “All Funds Are Safe” On the FAQ page regarding the insolvency, Nuri said it will work out the next steps in the process with the help of an insolvency administrator, but stressed that “all funds are safe.” The company said that assets in crypto wallets and vaults remain available and may be withdrawn and traded at any time, indicating that it “does not have access to the coins and/or the private keys in users’ vaults.” Nuri also made it clear that custodial wallets are operated by Solaris Digital Assets GmbH (SDA), meaning that it does not handle customers’ crypto funds and fiat. The platform’s mobile application remains available allowing users access to their bank accounts via the app. Nuri users are however still unavailable to withdraw funds from their Bitcoin interest accounts as they were launched in partnership with the now-defunct cryptocurrency lending platform Celsius. The platform says, The Celsius withdrawal freeze remains unchanged, and the withdrawal function remains inactive. 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 agonulltx
PIXXTASY Project – Don’t use. Just own it.
Introduction to PIXXTASY PIXXTASY is the brainchild of Zoltán Egri, a man who overcame two-year drug addiction and has since become a serious anti-drug advocate. His dedication to the anti-drug cause and cryptocurrency and blockchain technology formed this project to help fund drug recovery programs and NGOs by selling NFTs. PIXXTASY has two main taglines: […] The post PIXXTASY Project – Don’t use. Just own it. appeared first on NullTX.
3h agocryptodaily
Anonymous Tornado Cash User Dusts Celebs
An anonymous user has been sending small amounts of Ethereum via Tornado Cash to hundreds of public wallets in the U.S., including popular celebrities. Flouting Tornado Ban An act of rebellion or just random trolling - the antics of the anonymous user have wrongfully implicated celebrities like Jimmy Fallon, Logan Paul, and Steve Aoki in a regulatory mess. These are just a few of the many celebrities who were sent ETH via the now-banned Tornado Cash by this anonymous troll. The user seems to be blatantly flaunting the transactions in the face of the government’s decision to ban the crypto mixer. Some other wallets that have received ETH from this user via Tornado are that of Coinbase CEO Brian Armstrong, clothing brand Puma, Ukraine crypto donation fund, artist Beeple, and comedian Dave Chappelle. Treasury Sanctions Tornado Cash On Monday, the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) imposed a ban on Tornado Cash for its role in money laundering. The mixer protocol allows users to pool funds and obfuscate the origin of any transaction, making it the ideal tool for illicit activities. The Tornado Cash mixer has been implicated in several major hacks, allowing the perpetrators to muddle the wallet trail. It has been the mixer of choice for the infamous North Korean hacker group, Lazarus, which has siphoned away billions of dollars worth of crypto over 2021. The ban imposed by the Treasury department decrees that all U.S. persons and entities are prohibited from interacting or conducting any transactions with Tornado Cash. Imposed Sanction Is Pointless The word around the block is that this ploy intends to point out the absurdity of imposing a sanction on a mixer tool, as users cannot decline incoming funds from such tools. By sanctioning Tornado Cash, U.S. citizens are now legally required to block incoming transactions from their wallets. However, it is impossible to block an incoming transfer on-chain. Therefore, they would have to block addresses that have already sent them these funds through the mixer tool, a process only viable for exchanges or similar businesses. As the matter stands right now, because of these transactions, all these celebrities and popular brands have now interacted with Tornado Cash, thus flouting the Treasury’s sanction. It remains to be seen if the government will take action against these public figures due to something outside their control. 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 agocryptodaily
Vitalik Buterin Defends Tornado Cash Use Cases Amid U.S. Sanctions
Days after the U.S. government announced sanctions against crypto mixing platform Tornado Cash, Ethereum co-founder and alpha developer Vitalik Buterin opined on the matter, defending the platform's use case for legitimate contexts. According to Buterin, Tornado Cash is an example of a platform that can be used for legitimate use cases, such as donating to causes that are politically contentious. Buterin, for one, admitted that he has used the platform to donate to Ukraine, which has been needing aid from the international community due to its present geopolitical conflict with Russia. I'll out myself as someone who has used TC to donate to this exact cause. — vitalik.eth (@VitalikButerin) August 9, 2022 Donations in solidarity with Ukraine's predicament have poured in from around the world, and the concern with regards to the privacy measures in place for doing so have abound since then. Crypto mixing platform Tornado Cash has been identified as one of the key services used for this purpose. In recent weeks, the U.S. Department of Justice (DoJ) has been scrutinizing crypto mixer services such as Tornado Cash for possible links to criminal activity, leading to the U.S. Treasury instituting a ban for alleged laundering of "proceeds of cybercrimes," among other reasons. The U.S. Treasury's Office of Foreign Assets Control (OFAC) has placed Tornado Cash on its sanctions list, meaning that any crypto addresses associated with the platform are now blocked from receiving crypto from U.S.-based wallet services or exchanges. The OFAC has also warned that Americans who transact with sanctioned entities could face civil or criminal penalties. Despite this, Buterin argued that crypto mixers like Tornado Cash can still be used for legitimate purpose. This move by the U.S. government is seen by the crypto community as yet another attack on crypto privacy and consumer privacy rights in general, with some even going so far as to call it a declaration of war against crypto users who value their privacy rights. "Wanting to donate to Ukraine is a great example of a valid need for financial privacy. On this note, curious if there are documented examples of TC having been used for this," shares Jeff Coleman, co-founder of Counterfactual. As a smart contract mixer built on Ethereum, Tornado Cash was built with privacy and security as its first principles, with its code fully open sourced and community-controlled. No single entity can manipulate the platform and decide on its evolution. The Tornado Cash platform relies solely on a decentralized decision process to forward upgrades to its protocol, ensuring that the protocol lives on without interference from bad actors. According to the U.S. Treasury alleges that the platform “has been used to launder more than $7 billion worth of virtual currency since its creation in 2019,” including some $455 million stolen by the infamous Lazarus Group, a group of threat actors involved in recent DeFi heists. Sources from the U.S. state intelligence service also point to the DPRK (Democratic People's Republic of Korea) as the state sponsoring this said group. Tornado Cash has disclosed that its operations have also been affected since the ban, despite the sanctions only going for the U.S. jurisdiction. According to its co-founder, Roman Semenov, his GitHub account has been suspended, with resources for the platform also being suspended. This includes the platform's smart contract addresses linked to Circle (for stablecoins) and for the Infura RPC (for its Web3 gateways). These sanctions have sent shockwaves across the industry, prompting discussion among policy and lobbying groups. Jerry Brito, executive director at Coin Center, says that the sanctions were implemented on a tool that was designed to be neutral in character. Coin Center is a non-profit that works for the benefit of pushing policy issues in the crypto sector. Blockchain Association's Head of Policy, Jake Chervinsky, opined that despite their association's support for the U.S. Treasury's rationale for the sanctions, they reserve some concern over the fact that the ban "crosses a line that the US government has always respected [and] should continue to uphold as a matter of good policy." According to Chervinsky, the decision "to sanction a decentralized protocol, threatens that smart [and] balanced approach to crypto," referring to the Treasury's previous decisions which have largely been supportive of the crypto sector. 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.
6h agocryptodaily
Is Play-To-Earn Dead?
With around $300 Billion floating in the market, gaming stands as one of the most significant industries and with GameFi averaging $175M, lots of potential for expansion! The rise and fall of notable titles like Axie and more have resulted in the emergence of dominant ‘play-to-earn’ and ‘play-and-earn’ models. But with the emergence of dilemmas, which of them is better? Which of them is sustainable? Feasible? Or even valid anymore? Most play-to-earn games known so far revolve around the idea of players grinding with repetitive actions to make profits, something that doesn’t portray the essence of fun and entertainment, the core values of a gamer. Play-and-earn, on the other hand, accentuates more engaging and entertaining games as in-game time is monetised. Gamers can also have a real-life impact on character development and more by implementing DAOs. Some examples of P2E or P&E - and how it doesn’t focus on the actual gameplay, value add or anything like that, but rather just hours of grinding for little money with no good game experience. The Pains and Problems Beyond prepositions and conjunctions, the paradigm explains not just the semantics but also the business models and core values behind the famous terms. GameFi at the moment is not designed for gamers - which is the underlying problem, and no systems can host a genuine grade AAA on the blockchain. Being nothing more than a “gig” or a “nuisance” to earn some extra cash is not the narrative GameFi would like to see itself in. Traditional games offer stimulated economies for players driven by stories and characteristics controlled by the publishers. These games do not provide a market to trade or liquidate assets within the said economies, while the Play-to-Earn titles lack the elements that would make them fun, engaging and compelling. The two sides to a coin can identify both sectors with a set of drawbacks and improvement areas. “There is no ownership if you can’t sell it - and it’s not worth owning if it isn’t appealing enough, and that’s a pressing issue. Bridging the gaps between Web2 and Web3 primarily comes from asset ownership, mechanics and usability”, says Adria Mir, Gaming & Blockchain Expert at G4AL and Elemental Raiders. Traditional ‘free-to-play’ or ‘pay-to-play’ models only provide entertainment and experience out of the games or assets purchased and consider the investment a sunk cost. Because of the centralised nature of traditional games, the assets can be changed or taken away anytime by the operator or game publisher. In a worst-case scenario, if the publishers or studios go out of business, players can lose all their assets before getting the entertainment value out of it. The most recent example was Telltale Games’ shutdown which left The Walking Dead’s final season incomplete. Web3 or ‘play-to-earn’ games, on the other hand, do provide the ownership as opposed to traditional games, with no threat of players losing their assets even if publishers go out of business. However, given recent history, it is easy to imagine the extreme inflation and fleeting deflation of play-to-earn or play-and-earn games when the core value of gamers and their communities are taken out of the equation. Where Does the Future Lie? With all that in hand, are play-to-earn, play-and-earn and most other models dead? There is a need for a model that focuses on the best of both worlds. Many Web3 scholars accelerate different terms daily, but one has been prominent and has had a substantial impact. ‘Play-to-Own’ focuses on decentralisation, control and ownership first and foremost, which is one of the essential factors and foundations of blockchain and web3. But is that enough to convince the hardcore fans of Elden Rings, Call of Dutys’ and Web2 gamers alike? You’re right! - Probably not! Said differently, the “ownership revolution” stays at the heart of what GameFi and the so-called ‘AAA blockchain games’ are trying to achieve, but so should the increasing need to host and build a game that serves the mechanics, gameplay and UI/UX of a console-quality title. It raises the question of platforms built on blockchain being capable enough to host a game of that stature, Former First VP of King Studios thinks yes: “We’re building G4AL as a game studio to host the quality of games that first and foremost suits what Web2 gamers are used to, giving ownership to what they play, low entry barriers, and the ability and a monetary exit button which allows them to ‘play-to-own’ or ‘play-and-earn’.” Play-to-Own has the potential to be applied to any game, may they be Web2 or Web3, which in turn can increase the customer lifetime values, engagement ratios and retention rates. Instead of forcing users to buy-in set NFTs or assets to the game, it can potentially open up a plethora of in-game revenue streams. Creating higher value in games that allow ownership and low entry risk can enable players to choose these games over traditional models or P2E models as they get both ownership and security as well as long-term retention. 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.
6h agocryptopotato
Metaverse Memecoin Tamadoge Raises $1 Million Midway Through Its Beta Sale
[PRESS RELEASE – London, UK, 10th August 2022] Tamadoge, the P2E metaverse meme coin, has raised $1 million after just 12 days of its beta sale. The beta sale began on July 25 and is scheduled to run until August 31, but will finish before then when the $2 million hard cap is reached. Once […]
6h agocryptodaily
Blockchain Network Platform Capabilities for Businesses, Applications and Enterprises
Enterprise-grade blockchain networks were born out of a necessity to provide solutions to the numerous challenges facing both consumers and enterprises amid a rapidly changing technological landscape. The rate of growth in the FinTech space has the dangerous potential to leave projects behind if they don’t keep pace with innovation, and that’s why developers are busy anticipating future developments, and implementing solutions to their problems in the here and now. Building the Future of Web3 Smart-contract usage revolutionized the blockchain space, and introduced us to the concept of DeFi and GameFi, but the utility of smart-contract transactions may soon be past its peak. Some projects are building a comprehensive, service-oriented architecture that allows network users to interact and transact directly. By building second-level protocols atop dedicated enterprise services like these can allow projects to side-step the common reliance on smart-contracts thanks to built-in payment systems and private shard chains. These services deliver all the features and functionality that users expect from a public blockchain network while cutting down on smart contract usage by around 90%, and retaining the security and privacy of enterprise-specific infrastructure. This results in cheaper transactions for users, and a greatly simplified development path for developers. What’s more, by removing the reliance on smart contracts, such services effectively cut out a major attack-vector which has plagued numerous popular blockchains to date. Blockchain-in-a-box solutions give enterprises a plug-and-play entry to the blockchain space - one prepared to handle applications spanning the finance, gaming, and information technology industries, and more. Thanks to the use of quantum-secure cryptography tools, enterprises get the assurance they need to launch long-lasting projects which stand the test of time.Simplicity and Composability Simplicity is key to onboarding new users and enterprises to a technology that has the potential to revolutionize a plethora of industries. In search of simplicity, many projects are foregoing complex network infrastructures and programming languages in favor of building from the ground up using common code like C, without any reliance on third-party protocols or services. Low-level architecture makes blockchain easy for other operating systems to interact with. One can easily envisage such networks being used in tandem with the simplest of consumer hardware - smart fridges, for example - because the technology is built on simple foundational principles and code. Software Development Kits (SDK) like the Cellframe SDK allows developers to build applications dedicated to a range of emerging industries - not least the gaming industry. Developers can use SDKs to easily create fair game worlds that encompass PvP (Player vs Player) and PvE (Player vs Environment) game modes, while ensuring that cheaters are exposed and removed from the network thanks to in-built security measures. Ultimately, Cellframe enables the construction of safe, secure, lightning speed blockchain networks that support the creation of distributed networks like VPN, CDN, cloud computing and video streaming platforms. Whereas most blockchain protocols which rely on a network of nodes to upload external data to the blockchain, Cellframe requires no such external or third-party service. Interoperability and Gaming Future-proofing technology involves helping projects build as close to the hardware layer as possible, removing all that is unnecessary, and simplifying the process for the end user. Since Cellframe acts as a zero-layer protocol made with compatibility and interoperability as prime objectives, Cellframe will eventually have full compatibility with WASM (Web Assembly) and EVM (Ethereum Virtual Machines), creating true interoperability between Cellframe and a range of internet and blockchain apps, services and networks. This will prove particularly relevant to the GameFi (gaming finance) space, as the end user will be able to traverse various disparate gaming worlds without having to create new sign-ups for each one. Bespoke governance solutions also make Cellframe ready for enterprise adoption, as it sidesteps many of the problems commonly encountered by blockchain projects. The Cellframe token (CELL) is emitted based on the votes of its community of DAO participants, meaning the community gets to decide on the most appropriate issuance rate for CELL. This means the protocol can’t be changed on a whim by developers. Furthermore, truly decentralized dApps (known as t-dApps) don’t allow for a single address to be in control of large CELL holdings at any one time. Rather, wealth is distributed among network participants to ensure network security, while removing any potential single points of failure. Enterprise tools are not lacking in the blockchain space; they are just waiting to be applied creatively. 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.
7h agocryptodaily
Metaverse Memecoin Tamadoge Raises $1 Million Midway Through Its Beta Sale
London, UK, 10th August, 2022, ChainwireTamadoge, the P2E metaverse meme coin, has raised $1 million after just 12 days of its beta sale. The beta sale began on July 25 and is scheduled to run until August 31, but will finish before then when the $2 million hard cap is reached. Once the presale has concluded, the TAMA token will be listed on LBank exchange. Unlike most so-called memecoins, Tamadoge has been designed to have real utility. It serves as the native currency of a games platform populated by virtual Tamadoge pets. Owners can mint, breed, and battle Tamadoges to level up. A mobile “battle” beta version of the app is scheduled for release in Q4 2022. Tamadoge ultimately aims to raise $10 million to build out its play-to-earn GameFi ecosystem, with $2 million coming from the ongoing beta sale in which 1 TAMA can be bought for 0.01 USDT. ETH and fiat currency are also accepted for the beta sale. From September, the token price will rise by 25% as the second phase of the public sale commences. The current beta sale is effectively an open private sale, sometimes referred to as a “fair sale” because ordinary investors can take part with a minimum purchase of just $10 and no maximum. Half of the total supply of 2 billion TAMA tokens is available for purchase in the presale. Adding to Tamadoge’s fairness credentials, there is no vesting period for presale buyers and there is no private sale. Tamadoge utilizes NFTs, each of which represents a virtual pet. Owners are tasked with nurturing their pets from birth to adulthood. As the Tamadoge grows, it develops greater strength and skills and as it moves up the leaderboard it can participate in battles with other pets. In the Tamadoge Store players can buy food, clothing, and cosmetic items for their pets. The more they look after their pet the more Dogepoint rewards they’ll earn. Because of the use of NFTs, in-game assets are easily tradable as uniquely valued assets. Transaction fees from store sales go towards funding the Dogepoint rewards system. In addition, TAMA is deflationary which supports token price and the rewards pool is not dependent on speculation. Tamadoge has been designed to make Play-to-Earn fun, having drawn lessons from the mistakes of early P2E games. Many of these were criticized for tedious and skill-less gameplay, which made earning rewards arduous and boring. Early next year Tamadoge will be looking to explore partnerships with existing metaverse platforms with a view to onboarding its virtual reality vision. It is envisaged that each pet will have a 3D avatar version that can be plugged into virtual worlds on a variety of existing platforms. Tamadoge believes that interoperability and extensibility are essential for metaverse success and the team is therefore developing an ecosystem that is platform-agnostic. TAMA buyers can connect their wallet at https://bitesly.io/box_5a66b923931a8851e48a252348c79bc5 to participate in the beta sale. The TamaDoge contract address is: 0x12b6893cE26Ea6341919FE289212ef77e51688c8 For more information, visit: Website: Tamadoge.io/ Whitepaper: Whitepaper Social Channels: https://t.co/bAE0la22Rx Security audited: https://tamadoge.io/wp-content/uploads/2022/07/SolidProof-TamaDoge.pdf Not for general publication, press only – for more information contact Gary McFarlane at 07472 703 288 ContactsHead of [email protected]
7h agocryptodaily
Dusk Network releases 2022 Report - Secure development through the coming years
Dusk Network has just released its fourth transparency report in which it underlines the strong financials that will enable the company to continue its cutting-edge development in fully compliant, private and decentralised finance. Despite a crushing bear market, Dusk Network has forged ahead on a road to long-term growth, all the while adapting to the fast-changing regulatory environment for cryptocurrencies. Fast becoming one of the leaders for developing a privacy-focused blockchain for financial assets, Dusk Network’s breakthrough Zero-Knowledge Proof technology is set to revolutionise financial markets into the 21st century. Daybreak Public Testnet launches successfully With the launch of the Daybreak testnet, the public can now interact with and learn more about the technology in place. Those who are tech-savvy can install the CLI wallet and start executing transactions. The testnet includes three major technical break-throughs in the form of PlonK, the lightning-fast zero-knowledge technology, Succinct Attestation, which delivers settlement finality through a unique proof-of-stake consensus mechanism, and the RUSK Confidential Smart Contract platform which enables anyone to program privacy-enabled smart contracts. Focus on business development and marketing Given Dusk Network’s aim of scaling up to support its growth, the team is looking to make new hires in the areas of business development and marketing. The whole team has been working remotely since the onset of the pandemic, and now get-togethers are planned for four times per year. Roadmap Daybreak As already mentioned, the Dusk Network Daybreak foundation phase of the roadmap is currently being implemented and tested. Daylight Daylight is the next phase of development. Here the focus is on decentralisation, and a gradual move towards a more community-run network that has less and less dependence on Dusk Network. The team expects a lot of bugs as the network transitions to far greater decentralisation. This is welcomed, given that the more patches and fixes that are made as more issues come to light, the stronger and more secure the network will become. Alba After Daylight comes Alba, with the power of smart contracts. The Confidential Token Standard (XC) will come into play, and a development toolkit will be released that will enable developers to easily deploy confidential tokens. Aurora The final phase for the time being on the Dusk Network roadmap is the Aurora security tokens and applications stage. Aurora will harness the power of Zedger, a cutting edge model for security token transactions. Zedger will allow the development of regulated financial products that include both privacy and regulatory compliance features. Download the full Dusk Network Report 2022 here. 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.
7h agocryptodaily
What Is Revolutux (RVLT)?
There would hardly be a day where the blockchain industry won’t have a form of advancement. There’s also a new thing or project to learn about and each one seeks to solve a problem that people have complained about. For those whose major interest has been a massive increase in the accessibility of cryptocurrencies, Revolutux (RVLT) says it’s your lucky day. Introducing A New Binance Smart Chain Project Revolutux (RVLT) is a new deflationary token with plans to create a low-risk, strategic, frictionless, and decentralized environment where everyone can trade in digital assets across the world with cheap fees. They will offer transparency which we can all agree is a major ingredient for the long-term success of decentralization and the blockchain industry. Their plan is for everyone to be more connected and empowered financially while they provide everyone with the ability to stake and trade and also expose them to NFTs and incentives all on one platform. Revolutux (RVLT) has three major functions that happen in every trade; Reflection Liquidity Pool (LP) Acquisition and; Burn The protocol ensures that the assets of token holders are automatically collected and deposited securely in the liquidity pool through its Automatic Liquidity Pool (ALP) mechanism. Token holders can also use the reflection mechanism to hold their tokens depending on percentages completed and total tokens owned. What Are Revolutux (RVLT) Ecosystem Offerings? The Revolutux (RVLT) ecosystem is poised to offer four major attributes which will be broken down in this section. They include; Revolutux Swap: This will allow users to swap their money for other currencies of their choice. The swap services will be connected to the biggest DEXs (decentralized exchanges) in the world and so users can search for and choose the ones that offer the lowest fees. Revolutux Staking: Customers will benefit from rewards as a result of staking their tokens and the system is developed in a way that will help people who do not have a technical grasp of cryptocurrency to stake. This feature will be great for token holders that are interested in holding their assets for a long period and earning passively. Revolutux NFTs: These NFTs will be one-of-a-kind assets that will be generated on the blockchain and will be tradeable. The platform intends to revolutionize the market by disseminating its NFTs. Revolutux DAO: To ensure that the power belongs to the people, they would establish a decentralized autonomous organization (DAO) that will make sure that users and developers contribute to the project’s development and growth. The RVLT token will be disbursed among active network members and will be used as a governance token which will allow them to vote on different proposals and modifications. Why Should You Consider Revolutux (RVLT)? It’s a valid question, and here are some aspects the project has given as reasons to sign up. Utility The Revolutux (RVLT) ecosystem is about to make available certain services like the liquidity pool (LP) acquisition that will make the DeFi industry undergo an innovation. They will create a token that will be useful to users and help them earn money passively. Longevity The platform is dedicated to supporting the long-term evolution of the ecosystem which they believe will lead to decentralized apps (DApps) that can be used in the real world as well as additional incentives. Ease Of Use Revolutux (RVLT) is easy to use and this should contribute to its success. Interested parties can buy into it with nothing more than a phone and an internet service. All in all, it is important to remember that in cryptocurrency just like with any other forms of virtual assets like stocks, doing your research is vital. With the market being so volatile, it is smart to worry and be extra careful. However, I feel like this project has great prospects and I’m excited to see how it fares when it launches officially. 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.
7h agocryptodaily
Klangaverse: This New Cryptocurrency is Music to Our Ears
Klangaverse is using blockchain technology to revolutionise the music industry. On this platform, artists can build an intimate fanbase, sell their music in the form of NFTs, and reap the rewards of community engagement. Through activities, events, weekly hangouts, and collaborative projects, artists can closely engage with their listeners. Music is about the connection between the creator and listener. Klangaverse builds a mutually beneficial community around this connection, for both artists and fans. Fully decentralised and built on the Binance smart chain, Klangaverse empowers the community to come together, enjoy music, and gain profits. Based on Web3 and decentralised finance properties, Klangaverse aims to put together a cooperative music movement, dedicated to supporting and promoting all involved. Klangaverse Payment Process Klangaverse has its own crypto token $KLG for the payment of artists and fans. It is passionate about keeping financial control in the hands of the artists, differentiating from other music platforms. This is a decentralised community, where musicians can decide on how revenues raised from their minted songs are split among the teams that made them. The Klangaverse ecosystem is not interested in controlling the musical finances of its users, instead, it is fair and considerate. $KLG will be distributed on the Binance Smart Chain with a max supply of 10,000,000,000 tokens. Their presale will consist of 3,000,000,000 tokens and there will be a 2 month vesting period to maintain integrity, security, and value stability. Game With Klangaspel! Klangaspel is Klangaverse’s exciting simulation-P2E adventure game where you can make fun revenue and play your favourite instruments! To enter, just purchase your instruments and lessons. You can pick from a wide range of instruments, from guitars to amps, drums, and violins. Make your musical dreams a reality. The Klangaverse Soundmap This is a coin with drive and dedication to its community. After completing its audit, Klangaverse aims to be listed on Coinmarketcap and Coingecko. Focussing on the musical aspect, Klangaverse plans to collaborate with 1000 musicians for initial NFT releases before launching on decentralised exchanges. The platform will then mint free music NFTs to all of the presale investors and launch the NFT marketplace. To maintain and promote the platform, Klangaverse will begin work on podcasts, radio, and streaming services, elevating its reach. This will include metaverse integration so that musicians can play concerts for their fans and NFT holders. These virtual performances connect with the ethos of the platform - the importance of the relationship between musician and listener. The community aspect of Klangaverse enables artists to easily collaborate, merchandise to be released for fans, and weekly events with games and rewards to take place. Community connection is at the heart of this platform. To reward early users there are several bonuses in place: In Stage 1 of the presale, receive an extra 9% of $KLG tokens every time you purchase In Stage 2, receive an extra 6% of $KLG tokens every time you purchase In Stage 3, receive an extra 3% of $KLG tokens every time you purchase This new cryptocurrency undoubtedly has the music community at its heart. 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.
7h agocryptodaily
As DeFi Hacks Soar, This Startup Wants To Radically Overhaul Smart Contracts To Prevent Them
Over the past couple of years, hundreds of new decentralized finance applications and protocols have flooded onto the Ethereum network and other blockchains. In November 2021, the total value locked in all DeFi apps reached a staggering $290 billion. DeFi, in theory, is designed to democratize access to finance by enabling people from all over the world, from any background, no matter who they are, to participate. There are no financial or geographical restrictions or centralized intermediaries - everything is decentralized, trustless, and peer-to-peer. It’s a vision that has proven popular, with DeFi growing faster than anyone could have imagined. However, its rise has been clouded by numerous critical security threats that make it seem like a very risky venture to anyone who’s not extremely knowledgeable about how crypto works. While 2021 was a big year for DeFi, it was arguably even bigger for hackers, with a recent report from Chainalaysis finding that they stole a combined $3.2 billion worth of cryptocurrency that year. This year is likely to be just as profitable for hackers. According to CertiK’s latest report, DeFi and Web3 together lost more than $2 billion to hackers in the first six months of the year. Chainalysis said hackers in the crypto sphere have migrated away from wallets and other targets, and are almost exclusively targeting DeFi protocols today. In the first three months of 2022, almost 97% of all funds stolen by hackers came from DeFi, up from 72% in 2021 and just 30% in 2020. A quick look at some of the biggest hacks of this year explains why DeFi has become such a popular target for attackers. The amounts they can steal are tremendous. The most expensive hack so far this year was the Ronin Validator Security Breach. On March 23, the person or persons responsible for the attack were able to compromise Sky NMavis’s Ronin and Axie DAO validator nodes, hack the private keys and make illicit withdrawals. They stole an incredible 173,600 ETH and 25.5 million USDC, amounting to $615.5 million in total, via just two transactions. Unfortunately, the Ronin hack was not just an isolated event. In February hackers exploited a security vulnerability in Wormhole’s signature verification, enabling them to make off with 120,000 wETH on Solana, an amount that was worth $326 million at the time of the attack. Similarly, in April, the Beanstalk protocol fell victim to a one-day delay inside a $BEAN governance proposal contract to complete a flash loan. The attacker was able to steal 70% of the total seeds, getting away with $181 million in total. Spotting Smart Contract Vulnerabilities The vast majority of DeFi hacks occur due to vulnerabilities in the smart contracts that power the protocols. Smart contracts are self-executing bits of code that automatically process transactions when certain conditions are met. They’re one of the core elements of DeFi as they make the requirement for a trusted intermediary redundant. The good news is that the community is aware that smart contracts are a glaring weakness in DeFi security and is taking steps to address them. The most reliable DeFi protocols today are sure to carry out a comprehensive smart contract audit to identify if any vulnerabilities exist. Audits are carried out by reliable firms such as CertiK and Hacken, and assess the recorded transactions within a blockchain ledger to try and spot any bugs. Other ways of identifying vulnerabilities include penetration tests by teams of security experts, who attempt to hack DeFi protocols so they can inform the developers how they did it, allowing them to close whatever loopholes are discovered. In addition, protocols can also offer “bug bounties”, where they essentially crowdsource security. Dozens of “white hat” hackers compete for a monetary prize to identify vulnerabilities within a protocol. Bug bounties can be especially beneficial because they incentivize participants to act like real cybercriminals, meaning they will likely attempt to hack the protocol using similar methods as the real bad guys do. The idea being that the good guys will discover any obvious exploits before they’re exposed in the real world. Smart contract code audits and bug bounties can help to protect DeFi protocols against common hacks around unhandled exceptions and transaction order dependency. However, audits are unfortunately not infallible - the Chainalaysis study found that 30% of exploits this year occurred on platforms that had been audited within the past 12 months. So while code audits and bug bounties can be helpful, they do not provide any guarantees. As such, DeFi protocols that are managing billions of dollars in user’s funds ought to adopt a more robust approach to security. Reinventing Smart Contracts One of the most exciting solutions to emerge is the Scrypto programming language developed by Radix, which is a layer-1 blockchain protocol that has been built specifically for DeFi. The Scrypto language is based on the popular Rust programming language and retains most of its features. However, it notably adds a number of specific functions based on the Radix Engine. It can be thought of as a collection of libraries and extensions to Rust that provides asset-oriented features, enabling Rust-style logic to interact with assets as a native, first-class citizen. The most important distinction of Scrypto is that it effectively does away with smart contracts. Instead of smart contracts, it uses blueprints and components to process transactions. Blueprints are compiled source code that lives on the blockchain, where they can be used by anyone. Their role is to provide “constructor functions” for DeFi transactions, with flexible parameters that others can instantiate. They’re generally quite specialized in terms of functionality, though they can support multiple different use cases depending on exactly how they’re instantiated. Blueprints can sometimes work with other blueprints, deployed together as a “package”. To activate a blueprint, it must be instantiated by calling one of its constructor functions in order to obtain the address of a newly created instance, known as a “component”. Components are used to manage state and can gather, hold and distribute resources according to the logic associated within the blueprint that created it. In other words, components in Scrypto resemble smart contracts, however, they derive from the logic defined within the blueprint that gave birth to it. Scrypto’s unique architecture allows it to carry out transactions in a very different way to regular smart contracts written in Solidity or another language. Instead of sending a number or reference to some tokens, Radix Engine transfers ownership of tokens from the caller to a component. Once that component receives a bucket of resources or multiple buckets, it can take those resources and deposit them into a vault it holds, or else a different bucket. Then, the Radix Engine ensures that the caller can no longer access the bucket or vault. The end result is that dApps built on Radix have a much simpler and safer way of transacting. To better understand how it works, Radix offers us the example of a gumball machine that accepts USD tokens in exchange for a token held within its vault. In this example, the user passes a bucket of 0.25 USD to the insertCoins method of the MyMachine component. The blueprint’s logic sees that the correct price has been paid, adds those tokens to a vault, then takes 1 gumball from its gumball vault and passes it back to the caller. It can even send back some change if the caller passed too much USD. With Ethereum’s Solidity-based smart contracts it’s much more complex and risky. In the same machine, the user would call a smart contract to give the machine permission to withdraw from their wallet on their behalf. They would tell the machine they wish to input 0.25 USD. The machine would then call the USD contract to make the withdrawal, then call a gumball smart contract to send the gumball to the user. Finally, it would probably also update an internal cache of the number of remaining gumballs to check for eros. Each one of these processes uses a smart contract, and each one is therefore at risk of being hacked due to a smart contract vulnerability. That’s just a simple example. With DeFi, transactions can be many times more complex, meaning they’re exposed to multiple times the risk. All it takes is one vulnerability somewhere, in any one of numerous smart contracts involved in a transaction, for an attacker to pull off an attack. Conclusion As DeFi grows and its total value locked increases, the risk of exploitation will only increase. If there’s one takeaway we can gather from the stunning amount of crypto that’s been stolen by DeFi hacks, it’s that the need for smart contract security has never been greater. While code audits and bug bounties can help to spot the most obvious vulnerabilities in DeFi, it’s clear that the industry could benefit immeasurably from a radical overhaul based on an infrastructure that’s designed to minimize the number of potential exploits from the get-go. 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
16h agonulltx
Traffic Summit – Be One Step Ahead of the Digital Marketing Industry
Turkey is one of the most appealing business hubs. Thousands of attendees and the world’s top experts in 10+ professional fields, including performance, affiliate, and crypto marketing. And this is just the “tip of an iceberg” of the Traffic Summit conference. The two-day event program of Traffic Summit is tailored to maintain the perfect balance […] The post Traffic Summit – Be One Step Ahead of the Digital Marketing Industry appeared first on NullTX.
1 day agocoindesk
First Mover Asia: BTC Holds Near $24K; Why Do We Need Ethereum PoW When We Have Ethereum Classic?
Crypto mega-entrepreneurs Vitalik Buterin and Justin Sun are clashing over Ethereum’s future; ether hovers over $1.7K.
1 day agocoindesk
Justin Sun Says Proof-of-Work 'Essential' Part of Ethereum
Tron founder Justin Sun joined CoinDesk TV’s “First Mover,” to discuss his support for an Ethereum fork.
3 days agocryptopotato
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4 days agocoindesk
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4 days agocryptosrus
This Crypto Billionaire Doesn’t Support The Ethereum Merge — Here’s Why
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DeFi Protocol Voltz Could Bring 150% Interest Rate on Ether Deposits
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Justin Sun Backs Ethereum Hard Fork as Merge Approaches
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About JUST

The live price of JUST (JST) today is 0.033019 USD, and with the current circulating supply of JUST at 8,902,080,000 JST, its market capitalization stands at 293,939,074 USD. In the last 24 hours JST price has moved -0.001589 USD or -0.05% while 18,706,904 USD worth of JST has been traded on various exchanges. The current valuation of JST puts it at #136 in cryptocurrency rankings based on market capitalization.

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

JUST Price0.033019 USD
Market Rank#136
Market Cap293,939,074 USD
24h Volume22,361,798 USD
Circulating Supply8,902,080,000 JST
Max Supply9,900,000,000 JST
Yesterday's Market Cap280,227,040 USD
Yesterday's Open / Close0.033068 USD / 0.031479 USD
Yesterday's High / Low0.0333 USD / 0.031114 USD
Yesterday's Change
-0.05% ( 0.001589 USD )
Yesterday's Volume18,706,904 USD
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