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0.00000132 BTC
Market Cap (Rank#137)
11,795 BTC
Vol 24h
1,487 BTC
Circulating Supply
Max Supply
3h agocryptodaily
DeFi and Web3 are Broken. Developers Can Fix it Using Blockchain 
Web2 and Web3 are similar technologies, but developers approach challenges differently. Web2 focuses on reading and writing content, whereas Web3 focuses on creating content. The latter utilizes blockchain technology to facilitate user information exchange and enhance security. Around 20,000 smart contract developers work full-time in DeFi and Web3, but it's a small number of the 27 million developers globally. At the same time, the number of Unique Active Wallets interacting with blockchain applications reached an average of two million per day. Still, compared to Web2 app Instagram’s 500 million daily active users and 4.2 billion likes per day - blockchain apps fight to onboard users. Ethereum and its Solidity programming language have long been the go-to choice for DeFi developers building financial services on the blockchain. However, DeFi on Ethereum has seen over $285m in hacks; the rewards could be more fairly shared, and Ethereum continues to be congested and expensive. These issues cause developers to hurry to alternatives like NEAR, Avalanche, and Solana to offer financial services. But unfortunately, they also spend countless hours ensuring their decentralized application is secure, only to wake up and realize bad actors drained millions of dollars of users' funds. At the same time, business leaders search the earth for people with the skills needed to build smart contracts and do whatever it takes to find users prepared to put up with the inferior user experiences presented by DeFi apps. Only to be further capped by network congestion and fees. As we rapidly enter the Web3 era, where value and data quickly move across decentralized platforms with distributed ownership and authority, entrepreneurs and developers need the tools to craft ideas and build quickly, easily, and safely. Moreover, if DeFi is to ever scale beyond crypto natives, developers in Web3 need standardized tools to build applications with user experience at the core. The argument for better DeFi Consumer saving and spending arguably power the world. As a result, we, the little guys, control the most critical parts of the global economy and financial system. The internet was all about information, but DeFi is about money - and in a world where cash is power, DeFi flips the model on its head. Most people these days spend and save using a bank, limited by regulatory compliance and further legacy issues. Web3 gives rise to a new way of doing things. New financial products built using smart contracts allow consumers to move between providers in seconds, all from the comfort of a mobile device. DeFi also creates more competition for building financial products by lowering the barrier to entry, sharing a user base between applications, and letting money move instantly and seamlessly between opportunities. The argument is that decentralized financial programs like Aave, Uniswap, and MakerDAO can directly control assets and allow financial products to operate 24/7, all year round, with 100% uptime and no staff, which will be appealing to end-users if presented in the right way. Sticky points Arguably the end-user experience of most decentralized apps leaves much to be desired. Blockchain wallets and asset custody, alongside a complex web of transactions and signatures, await beginners, while hardened veterans navigate the space with caution, often making mistakes. At the same time, according to DeFi Lama’s hack rankings, more than $700m was siphoned out of the crypto space in malicious attacks from the start of October 2022 to date. So if DeFi is to succeed, users must be able to trust and use the services offered in an intuitive, familiar, almost Web2 way. For that to happen, blockchain platforms must provide more incentives for Web2 developers and pioneers to leave a familiar world and embrace Web3. These incentives don't need to be financial but provide builders with the tools to deliver stunning products. Executives at tech giants like Google, Facebook, and Amazon will likely lead the way, leaving high-profile jobs at market-leading brands to take positions in the promising blockchain space. Polygon and Circle have hired top talent from tech firms, enticing them with the angle of working on the next big thing in Web3. Further Silicon Valley talent heading for crypto includes Sherice Torres, the former Chief Marketing Officer of Facebook’s crypto and payments team, Novi. At the same time, Amazon Cloud executive Pravjit Tiwana joined Gemini as its Chief Technical Officer. Add to this a series of mass layoffs in the tech sector, including Twitter, Amazon, and Meta’s dismissal of thousands of workers amidst the highest rates of global inflation seen for decades. This creates an incredible opportunity for businesses that previously wanted to expand their tech and payment capabilities but couldn’t because of the shortage of talent available. As a result, blockchain firms can now compete with recruiters from Silicon Valley for the brightest minds with a track record of taking products to market. Arguably, there has never been a better time to think about leaping into Web3 and DeFi development as more powerful tools, and no code solutions come online for those with a solid programming foundation. Playing around proves useful Gaming, and more importantly, the Unity game engine, led the way regarding the standardization of tools needed to build games. It gave game developers rendering and basic physics engines from which to build—altogether simplifying the process, lowering the barrier to entry, and making way for innovation and healthy competition. As a result, games got more complex while libraries of reusable art and in-game items became available for other developers to use creatively. As a result, developers, entrepreneurs, and users rushed in. With this straightforward invention of an engine and powerful tools, gaming grew bigger than music, TV, and film combined to become a billion-dollar industry. Ethereum has by far the most developers in the space, and according to DappRadar, more than 3500 dapps currently run from its smart contracts. The network is also the layer for many cryptocurrencies and blue-chip NFTs. However, as discussed earlier, Ethereum is no longer the sole player in smart contracts and Web3 development. Moreover, Ethereum doesn't offer developers plug-and-play solutions to build dapps. Instead, developers tend to fork existing applications, as was the case for Sushiswap, a fork of Uniswap. In this scenario, developers often take the bad UX from the forked application, choosing not to improve it. Ethereum is simply an industry-standard choice. However, as MySpace fell from its once high perch, and as competition increases and developers focus on end-users, other networks deliver solutions that entice Web2 builders to leap. There are solutions One blockchain stack applying the plug-and-play model outlined by Unity to decentralized finance and Web3 is Radix. The company, with its roots in the United Kingdom, has been working to deliver seamless DeFi for a decade and showcased its Radix Engine, which promises to be the Unity engine of DeFi, at an event called RadFi, where CEO Piers Ridyard laid bare the inefficiencies of DeFi. “Right now, crypto, DeFi, and Web3 are just one big glorified tech demo. For everyday people to use it, we've got to improve it radically.” Piers Ridyard, CEO of Radix At the virtual Keynote event, CEO Piers Ridyard also said what differentiates Radix is the fundamental shift in how the platform is built. The network features the world’s first programmable DeFi engine that takes concepts such as tokens and vaults and makes them native and fully interoperable. In addition, there’s a catalog of tools and pre-made solutions where Web2 developers can find helpful building blocks. The Radix engine promises to remove all the complex, low-level work that Web3 and DeFi developers spend 80% of their time on other platforms. Creating a programming language specifically for Web3 and DeFi called Scrypto, Radix hopes to tempt millions of Web2 developers into Web3. But, more importantly, provide them with a soft landing and the ability to build scalable DeFi products. Radix also claims they studied how bad actors were hacking applications built on public networks like Ethereum. For example, events such as reentrancy attacks, spend approval attacks, or signature manipulation attacks have cost the Ethereum ecosystem millions. The Radix Engine makes many of these attacks impossible, prioritizing asset security as a primary network operation, not an afterthought. Another Layer-1 blockchain trying to simplify the developer building process is Fuse Network, with its Charge product and Fuse Cash wallet. Charge takes a drag-and-drop approach to DeFi and payment infrastructure, partnering with ecosystem allies and matching them to build on their no-code platform. With a close focus on everyday payments and DeFi, Fuse and Radix are just a few of many teams out there trying to entice Web2 developers to embrace crypto and DeFi by helping them provide an experience similar to that of Web2 without investing years of study. Focus where it matters User experience in DeFi and decentralized apps has arguably suffered as brilliant people worked on the wrong problems. Successful Web3 developers may focus on pushing the boundaries of blockchain technology and the inner workings of finance and tokenomics. Still, it comes at the expense of genuinely usable applications that the mainstream user could adopt and feel safe using. Solutions like the Radix Engine could profoundly affect the industry and attract Web2 developers to build mobile-first, user-friendly applications delivering DeFi and crypto solutions. In addition, Web2 developers bring a wealth of user onboarding and knowledge that could hold the key to the mass adoption of decentralized applications. With tools becoming available Web2 developers can tap into battle-hardened code, spend less time on day-to-day app maintenance and security, and allocate resources to building beautiful applications that work, gain traction, and deliver a smooth user experience. In addition, web2 developers can join and complement the work already done by leading blockchain teams while not having to risk learning complex new programming languages. Another thing that attracts Web2 developer talent from big tech companies to Web3 is money. According to data from Blind, a social network for professionals, Coinbase offers as much as $900,000 a year for software engineers. At the same time, the average salary for Web3 developers ranges between $75,000 and $200,000. 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
5h agocointelegraph
Coinbase takes a shot at Tether, encourages users to switch to USDC
Coinbase’s request comes just a couple of months after Binance ceased support for USDC.
7h agocryptodaily
SILK Is Now Available for Trading on LBank Exchange
INTERNET CITY, DUBAI, 9th December, 2022, ChainwireLBank Exchange, a global digital asset trading platform, has listed SILK on December 9, 2022. For all users of LBank Exchange, the SILK/USDT trading pair is now officially available for trading. As the first web3 esports with earnings, Spider Tanks enables players to earn for their play through its complex and brilliantly designed reward economy. Its native token SILK was listed on LBank Exchange at 13:00 UTC on December 9, 2022, to further expand its global reach and help it achieve its vision. Introducing Spider Tanks Spider Tanks is a blockchain-based PVP brawler created by award-winning Netherlands based GAMEDIA and brought to players by Gala Games. Players choose between a number of Tank Bodies and Weapons in the garage, then battle it out in one of the many Spider Tanks arena maps. And since all tank parts are owned as NFTs, they can be upgraded, then sold on the secondary market at any time the player chooses. Different game modes of Spider Tanks present different strategic and team-based challenges to always keep gameplay fresh. TEAM DEATHMATCH is an all-out brawl style match where the team with the most kills gets the victory. Players need to create killer destructive combinations with their teams, and let the chaos ensure. CAPTURE THE CHICKEN is a mode where the player’s team's goal is to capture as many moving chickens as possible and become a Spider Tanks chicken master. And in CAPTURE THE FLAG, the team who holds the only one flag in their possession the longest will be victorious in the match. Spider Tanks is free to play, but also incorporates a variety of play-to-earn mechanics, centering around skill-based competition, resource collection, and a player-driven upgrade cycle. It builds an ecosystem where a web of participants including NFT holders, players, and game developers revolves around playing Spider Tanks matches and receiving Victory Points that can be submitted for game token reward distribution. Whether the player wants to play with a small group of close friends, or tests their skills in high-stakes competition, Spider Tanks will be the worldwide play-to-earn esports for them. Players can enjoy the free to play game or compete with other players by purchasing fully tradable Weapons, Tanks and Bodies in the Spider Tanks store for advantages to the upgrade cycle, rarity head starts and more. About SILK Token Based on ERC-20, SILK is the game token of Spider Tanks ecosystem. It can be acquired by involving oneself in the Spider Tanks ecosystem through playing and winning games, as well as by operating nodes and other ecosystem products. SILK can also be spent in a number of ways, the chief of which is purchasing upgrades for a Tank Item NFT. SILK will always be the only currency of the Spider Tanks ecosystem, and as that ecosystem grows in size, supply will not increase in-kind. With a soft cap of 100 million (i.e., 100,000,000) tokens, SILK's economy is tied to the amount of players, SILK being generated, and SILK being spent and adjusting emission rates automatically. The SILK token was listed on LBank Exchange at 13:00 UTC on December 9, 2022, investors who are interested in the Spider Tanks investment can easily buy and sell SILK token on LBank Exchange now. The listing of SILK token on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market. Learn More about SILK Token: Official Website: Discord: Twitter: and YouTube: Facebook: Reddit: Instagram: Medium: About LBank LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute the global adoption of cryptocurrencies. Start Trading Now: Community & Social Media: l Telegram l Twitter l Facebook l LinkedIn l Instagram l YouTubeContactLBK Blockchain Co. [email protected]
8h agonulltx
Here’s Why Justin Bieber Should Have Bought Ganja Guruz NFT Instead of Bored Ape Yacht Club NFT
In 2021, Collins Dictionary announced NFT, aka non-fungible token, as its ‘Word of the Year’ According to the Collins Dictionary team, online searches for the term rose by over 11,000% during the year. NFTs have replicated the success of cryptocurrencies and have been a preferred option for celebrities and artists looking to monetize their audience […]
23h agocoindesk
Leader of Suspected Russian Ponzi Scheme Is Arrested in UAE: Report
Edvard Sabirov's arrest leaves just one of the four known leaders of Finiko at large.
1 day agocryptodaily
Three Cryptos To Trigger the Next Bullrun: Orbeon Protocol (ORBN), Litecoin (LTC), and Ethereum (ETH)
It's no secret that the cryptocurrency market is in a bear run. However, this doesn't mean that all cryptocurrencies are doomed. In fact, there are three specific cryptos that have the potential to trigger the next bull run: Orbeon Protocol (ORBN), Litecoin (LTC), and Ethereum (ETH).Orbeon Protocol (ORBN) is already seeing a surge in prices during phase 2 of the public presale and prices are currently up 525% since its initial release. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Ethereum (ETH) Ethereum (ETH) is a cryptocurrency that completely changed the game. Ethereum (ETH) was not just a currency, but a platform for building decentralized applications and smart contracts. This enabled developers to create new protocols to transact their digital assets without the need for middlemen or third-party gateways. Ethereum (ETH) has experienced strong growth since its inception in 2015, with its current market capitalization surpassing $150 billion. This growth can be attributed to the increasing number of decentralized applications being built on top of Ethereum (ETH). But with such a larger market cap, how can Ethereum (ETH) possibly trigger a bull run? The answer lies in the upcoming Ethereum 2.0 upgrade, which is expected to reduce transaction fees and speed up transaction times. As companies shift their focus to blockchain technology, Ethereum (ETH) could see a surge in prices as the demand for its blockchain technology rises. This could be the spark that sets off a bull run across the entire crypto market. Find Out More About The Orbeon Protocol Presale Website: Presale: Telegram: 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 agocryptodaily
Celsius Ordered To Return $44M To Users
A United States court has ordered the bankrupt crypto company Celsius to refund its customers with crypto assets worth $44 million. Judge Orders Crypto Returns The crypto lender, which announced its bankruptcy in July 2022, has been ordered by the Chief Bankruptcy Judge Martin Glenn to return millions of dollars of crypto funds to its users. The firm has been directed to refund its users the crypto assets worth $44 dollars in September. During the ruling, Judge Glenn reportedly stated, &ldquo;I want this case to move forward. I want creditors to recover as much as they possibly can as soon as they possibly can.&rdquo; In other news, the company has successfully appealed to the court to extend its exclusivity period till February 15, 2023, by which it has the monopoly to submit the company reorganization plans under the Chapter 11 guidelines. At the time of bankruptcy filing, the Celsius team had announced that its liabilities were between $1 billion and $10 billion, with over 100,000 creditors. Escrow Funds Belong To Customers A report claimed that Celsius held over $200 million in assets in escrow. However, the firm reportedly moved most of these funds (around $200,000) from interest-bearing to escrow accounts shortly before the bankruptcy filing. According to the preferential transfer rules, this could have given them the option to claim ownership of the funds in the custody accounts. However, now according to the court order, the funds held in escrow accounts must also be returned to the customers, even if they did not enter the company&rsquo;s interest-bearing accounts. The court order came after Celsius advisors and stakeholders determined that the funds held in the custody accounts belonged to the customers, not Celsius. Executives More Eager To Fill Own Pockets There has been quite some uncertainty regarding the funds held by Celsius, even after its bankruptcy filing. Several high-level executives were accused of filling their pockets instead of thinking about the community. Ex-CEO Alex Mashinsky has been a chief target of these allegations. In early October, reports broke that Mashinsky had withdrawn $10 million from the platform. Immediately after, Celsius froze all user accounts and transactions while still claiming that user funds were safe. Two other top executives were accused of allegedly stealing user funds a couple of days after this news broke. Former CSO Daniel Leon and CTO Nuke Goldstein reportedly withdrew $56 million along with Mashinsky just before the company filed for bankruptcy. The fact that all three top executives had put their own interests before the community has been a point of contention for the community and has led to a general feeling of ill will, especially towards the disgraced former CEO himself. 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 agocryptodaily
Casinos Blockchain Provides Important Statistics About Crypto Gambling & Analyses Its Future has prepared a helpful assortment of the most recent Bitcoin casino statistics through which readers can learn how many crypto casinos are available, how much Bitcoin gamblers have already wagered, and plenty more relevant information regarding this popular industry. Moreover, Casinos Blockchain analyzes the future of crypto gambling and answers a few FAQs to make sure readers know everything there is to know about Bitcoin casinos before getting involved, including both the risks and benefits. What are some of the top Bitcoin casino statistics? Gambling has been a popular way to pass the time for many centuries, and it is no different today. However, thanks to the advent and subsequent implementation of innovative technologies like cryptocurrencies, &lsquo;Bitcoin gambling&rsquo; has become exceedingly popular to the point that since 2014, players have actually wagered over $4.5 billion in Bitcoin to date. The global casino industry itself is worth more than $231 billion as of the time of this writing. Moreover, approximately 60% of all Bitcoin transactions are related to gambling in some way, shape or form. What is even more mindblowing is that crypto gamblers place 337 bets every single second, and that these gamblers bet $3 million worth of crypto on a daily basis. The most popular cryptocurrencies for gambling purposes were observed to be Bitcoin and Ethereum, although these are not the only choices that gamblers have as using other altcoins like Litecoin may yield better results. Why does this matter? Despite the fact that land-based casinos and casino resorts suffered significant setbacks as a result of the pandemic and other factors such as inflation, the gambling sector as a whole nevertheless continued to thrive as a substantial portion of players made the shift to online gambling. Furthermore, the casino market is predicted to grow in the coming years. To that end, the revenue of brick-and-mortar casinos in the United States is expected to increase year on year from 2021 to 2024 and experts view this is a key indicator of the projected growth for the casino market. It should be mentioned that although online casinos are becoming more popular on a global scale, it will surely take some time before they become as popular in the United States, given that many states in the country have yet to legalize online casinos and a sizable portion tend to operate without a license. Nevertheless, Straits Research predicts that the global online gambling market will reach $153 billion by the end of 2030, growing at a CAGR of 11.7% during the analysis period. Outside of the United States, Europe has the biggest market share, and it is expected to grow at a 12% CAGR between 2021 and 2030. In addition, the Asia-Pacific region is expected to grow faster than Europe, with a CAGR of 12.8%, and to reach $50 billion by 2030. Where does crypto fit into all this? Crypto gambling is leading the way in the online gambling industry. Of course, Bitcoin can be used for other purposes like buying NFTs, cars, real estate, and even insurance. Still, the majority of Bitcoin transactions take place in crypto casinos. The most recent Bitcoin gambling statistics therefore indicate that interest in crypto gambling is growing as players continue to prefer cryptocurrencies such as Bitcoin, Ethereum, and Litecoin over traditional fiat currencies. Although exact figures are difficult to obtain, the global crypto gambling market is estimated to be worth a quarter of a billion dollars by Crypto Wisser. Moreover, as the amount of hybrid casinos grows, the global crypto gambling market is similarly expected to grow in value over time and as an increasing number of people and businesses adopt crypto which many big names like Microsoft, PayPal, Home Depot, and Starbucks already have. Crypto gamblers placed just about three billion crypto-based bets in the first quarter of 2021, according to the most recent Bitcoin casino statistics for 2022. During the same time period, the quantity of these bets increased by 116% to reach over six billion. In fact, within the first quarter of 2022, cryptocurrencies accounted for approximately 36% % of all bets in general. Most crypto gamblers also prefer to play on their smartphones due to the portability aspect. Is crypto gambling safe and where does it go from here? Provably fair games are available at approximately 77.6% of crypto casinos. These games enhance the transparency of crypto casinos which is in stark contrast to traditional casino games, as a provably fair game enables users to verify the outcome of each hand or round played. As a result, provably fair games are frequently preferred among crypto gamblers who value safety and transparency. Also, casino operators can use blockchain technology to access features that are not available in traditional casinos. For instance, crypto casinos could operate at lower costs, with improved security, and with faster withdrawal speeds, just to name a few advantages. The best part about crypto gambling, however, is that blockchain technology has a lot of untapped potential. With all the interest surrounding other emerging technologies nowadays such as NFTs, the metaverse, VR and AR, the sky could well and truly be the limit for this immensely popular industry. For more information and regular updates, visit CasinoBlockchain&rsquo;s official website, blog and helpful guides. 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 agocryptodaily
Ankr Deploys $15M to Buy Back Bad Debt Following Exploit
Blockchain infrastructure platform Ankr has announced that it would be allocating $15 million to cover the bad debt as a result of its recent exploit. Ankr To Buy Back Bad Debt Blockchain infrastructure platform Ankr has announced that it is planning on allocating $15 million to buy back the bad debt which resulted from its recent exploit and the subsequent over-circulation of HAY tokens. The HAY stablecoin, a stablecoin pegged to the US Dollar issued by the stablecoin protocol Helio, lost its peg due to the hack. Helio added that it had bought back around $3 million of bad debt in HAY from the open markets. The Ankr Exploit A series of seemingly unrelated incidents resulted in the bad debt and the subsequent de-pegging of the HAY stablecoin. On the 2nd of December, a hacker could manipulate certain vulnerabilities in the Ankr protocol&rsquo;s smart code, compromising several private keys after a technical upgrade carried out by the Ankr team. As a result of the exploit, the hacker was able to mint 20 trillion Ankr Reward Bearing Staked BNB (aBNBc), pegged to the BNB token. The hacker then dumped these tokens, leading to aBNBc&rsquo;s price crumbling from around $300 to less than $2. In an analysis of the exploit, Ankr added, &ldquo;Our analysis shows the $aBNBc token contract has an unlimited mint bug. Specifically, while mint() is protected with onlyMinter modifier, there is another function (w/ 0x3b3a5522 func. signature) that completely bypasses the caller verification to have arbitrary mint !!!&rdquo; Trader Takes Advantage After the exploit, a trader could take advantage of an alleged hard-coding of pegged prices between aBNBc and BNB on the Helio protocol. As a result, the trader was able to purchase 183,885 aBNBc using just 10 BNB. The trader then used the purchased aBNBc tokens as collateral, borrowing 16 million HAY stablecoins and then immediately swapping them for 15.5 million Binance USD (BUSD). This allowed them to earn a staggering 5209x profit on their original capital. HAY Stablecoin Loses Peg As a result, the HAY stablecoin lost its peg to the dollar, crashing to a low of $0.20. However, the stablecoin recovered most of its losses and is currently trading at $0.95, according to data from CoinMarketCap. After the incident, the Helio team issued a statement that they would be repurchasing the excess HAY tokens in circulation and sending them to a burn address. In a Twitter update, Helio stated, &ldquo;Dear Helio #Guardians, the team understands that the past few days have been extremely difficult. As the situation is changing and dynamic, we would like to provide an update on our plan to recover the peg. Firstly, the team has already started our peg recovery process for $HAY, and this process is expected to be completed by Tuesday, the 6th of December, UTC +4. We expect HAY to be re-pegged, or at the very least, be close to the $1 mark.&rdquo; Helio Begins Buyback In another update on Twitter issued on the 7th of December, Helio stated that it had already bought back $3 million worth of HAY stablecoins. &ldquo;We have already kickstarted our HAY recovery process through our first batch of buybacks. ~3M of HAY has already been bought back so far, and the buyback is still in progress. We will share the relevant addresses once our first batch of buybacks has been completed.&rdquo; 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 agocryptodaily
Metacade Presale for Web3’s First-Ever P2E Crypto Arcade Raises Over $670k in Under 2 Weeks
London, United Kingdom, 8th December, 2022, ChainwireMetacade, the first-ever community-developed play-to-earn (P2E) blockchain arcade, has announced the launch of its highly anticipated $MCADE token presale. The sale of Metacade&rsquo;s native utility token sold over an incredible $670k in under 2 weeks, with their Beta Sale stage now over 60% SOLD OUT. $MCADE is available to buy on the official Metacade website. Positioning itself as a Web3 community hub, this gaming-first platform is set to attract gamers, investors, and entrepreneurs alike by offering a multitude of ways to earn, play, and connect. It looks to be a central hangout for all of those interested in GameFi and metaverse. To ensure investor confidence, $MCADE has been audited by leading blockchain auditing firm CertiK, a security-focused platform that analyzes and monitors blockchain protocols and DeFi projects. Verification and approval from CertiK mean that the code behind Metacade is highly secure and has been scrutinized for any weak spots. Metacade harnesses the power of Web3 to take blockchain gaming to the next level. The project goes beyond play-to-earn and offers a place to discover what games are trending, view leaderboards, publish game reviews, and access the hottest and most advanced GameFi alpha. Head of Product for Metacade, Russell Bennet said: &ldquo;The crypto gaming space is crying out for a single destination where we can all go and learn, earn and play games with fellow enthusiasts without having to jump from platform to platform&rdquo;. Metacade isn&rsquo;t out to just improve the existing P2E and metaverse worlds but also to foster the future of this space. The project's hallmark feature is Metagrants, a source of funding awarded to game developers to bring new games to the Metacade. The Metacade community will vote on which projects get funded to turn the collective vision into a reality on the platform. The first game developed using the first Metagrant will be launched in 2024. By the end of 2024, the project intends to transform into a DAO, handing over key roles and responsibilities to the Metacade community and achieving a fully community-staffed business. It looks to achieve this by deploying Play2Earn, Create2Earn, and Work2Earn functionalities with each of these initiatives giving a little more control of the project over to the community in the coming years. Reflecting on the core ethos of Metacade, Russell said: &ldquo;We want to create a community that has zero barriers to entry whether you want to work in the space, launch a business or just hang, out, play, and have fun.&rdquo; $MCADE has a fixed supply of 2 Billion $MCADE tokens. Seventy percent of these (1.4 billion $MCADE tokens) are being made available during the token&rsquo;s presale event. The remaining thirty percent will be used on exchange listings, during development, providing liquidity, and funding the competition pool. $MCADE is the utility and governance token powering the project. It plays a crucial role in the platform's functionality as holders can use it to vote on the project&rsquo;s future direction and new game proposals. It will be the main tool for interacting with the Metacade ecosystem: holders can use it to enter tournaments and exclusive prize draws, purchase merchandise, and many other things as the platform develops. Token holders will have plenty of opportunities to earn rewards through the project. $MCADE holders can earn from activities such as contributing content, reviewing and testing games, and generally engaging within the ecosystem. $MCADE holders may also stake their tokens in liquidity pools to earn rewards and APYs based on the amount staked. Staked rewards are paid in a stablecoin amount rather than in $MCADE to protect the value of the funds from inflation and price swings. To further promote a deflationary attribute to the token, Metacade plans on introducing a burn mechanism or a buyback scheme. Token burning will help the ecosystem permanently erase a given percentage of supply, thereby lowering the overall supply and boosting the value of $MCADE in the long run. Right after the $MCADE presale is complete, Metacade will roll out the website and build a founding team. In Q1 2023, the goal is to list the $MCADE token on Uniswap and the top five centralized exchanges, along with popular crypto aggregators. With an ambitious road map, Metacade is on track to revolutionize how a traditional community hub is owned and operated. The Metacade Beta sale has now sold over $670,000 worth of tokens in under two weeks and at the time of publishing has under 40% remaining. To buy $MCADE, visit and join the presale now. About GameFi GameFi, one of the most talked about and promising sectors of Web3, creates a virtual gaming ecosystem that relies on the use of cryptocurrency, non-fungible tokens (NFTs), and blockchain technology. At the core of the GameFi ecosystem is the play-to-earn (P2E) gaming model. Unlike the traditional pay-to-play model, P2E allows gamers to earn financial rewards by participating in challenges and tasks. About Metacade Metacade is the premier destination for gaming in the metaverse. As Web3's first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3, and connect with the wider gaming community. Metacade will be the one-stop destination for users to play, earn, and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged DAO. After all, Metacade wants you to have a hand in shaping the GameFi world of tomorrow. Links Website: Whitepaper: Socials: CertiK Audit: ContactHead of ProductRussell [email protected]
1 day agocryptodaily
Subpoenas An Option If SBF Fails To Testify Voluntarily
A game of hide and seek is playing out between Sam Bankman-Fried, the Financial Services Committee, and the Senate Banking Committee. Both committees will be holding hearings to look into the FTX collapse and have asked Bankman-Fried to appear before them. Cat And Mouse The United States Financial Services Committee Chair Maxine Waters has requested that FTX founder Sam Bankman-Fried appear before the Financial Services Committee hearing, set to take place on the 13th of December. The former FTX CEO is being requested to testify at two separate congressional hearings. Waters first requested Bankman-Fried to appear before the committee for the inquiry through a Twitter post on the 3rd of December. However, Sam Bankman-Fried rejected Waters&rsquo;s invitation, stating that he would only appear before the committee once he had finished learning, understanding, and reviewing how the events leading up to the FTX collapse played out. He added that he was not sure this process would be completed before next week&rsquo;s hearing. &ldquo;Rep. Waters and the House Committee on Financial Services: Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain. I&rsquo;m not sure that will happen by the 13th. But when it does, I will testify.&rdquo; This was despite SBF appearing in multiple interviews and discussions on several media channels. Financial Services Committee Chair Pushes Back Waters pushed back against Bankman-Fried and his excuses citing his media reports, stating that the knowledge he has shown in these interviews is &ldquo;sufficient for testimony.&rdquo; Waters added that he needed to appear for the hearing, stating that the committee was willing to schedule continued hearings if there was more information he could share later. The Subpoena Option Waters refuted news reports suggesting that she was unwilling to subpoena Bankman-Fried at the upcoming December 13th hearing because she wanted him to testify voluntarily. The Financial Services Committee Chair called these reports lies and confirmed that a subpoena was an option to force Bankman-Fried to testify before the committee. &ldquo;Lies are circulating @CNBC that I am not willing to subpoena @SBF_FTX. He has been requested to testify at the 13th of December hearing. A subpoena is definitely on the table. Stay tuned.&rdquo; If a subpoena is issued, Bankman-Fried will be compelled to appear and testify at the hearing. Failure to comply with the subpoena would result in him being held in contempt of Congress, a criminal offense that carries a punishment of 12 months in prison and a fine of $100,000. The 13th of December hearing, titled &ldquo;Investigating the Collapse of FTX,&rdquo; is just one of a series of similar hearings that will be held to probe the collapse of the FTX. The hearings will see companies and individuals involved with FTX, Alameda Research, and Binance appear before it. A Second Subpoena? Apart from the Financial Services Committee, The Senate Banking Committee also wants Sam Bankman-Fried to appear before it to discuss the FTX collapse. The committee is firm that it would be issuing SBF a subpoena if he does not appear before it voluntarily. Senators Sherrod Brown (D-Ohio) and Pat Toomey (R-Pa) had written a public letter to Bankman-Fried, who had resigned from the exchange after it filed for bankruptcy. The committee will be holding a hearing on the 14th of December, just a day after the House Financial Services Committee&rsquo;s hearing. In a prepared statement, Senator Brown and Senator Toomey stated, &ldquo;FTX&rsquo;s collapse has caused real financial harm to consumers, and effects have spilled over into other parts of the crypto industry. The American people need answers about Sam Bankman-Fried&rsquo;s misconduct at FTX. The Committee has requested that he testify at our upcoming hearing on FTX&rsquo;s collapse and will consider further action if he does not comply. You must answer for the failure of both entities that was caused, at least in part, by the clear misuse of client funds and wiped out billions of dollars owed to over a million creditors.&rdquo; Crypto Community Calls Out SBF Many in the community called out , stating that his actions contradicted his recent conduct. He has been conducting multiple interviews and tweeting furiously about what led to the FTX debacle. Head of policy for Blockchain Association and US Attorney Jake Chervinsky suggested that Bankman-Fried was reluctant to participate in the hearings because &ldquo;lying to Congress under oath is less appealing.&rdquo; &ldquo;Translation: he doesn&rsquo;t mind lying to Andrew Ross Sorkin or George Stephanopoulos, but lying to Congress under oath is less appealing.&rdquo; Coinbase CEO Brian Armstrong echoed similar sentiments, stating, &ldquo;I don&rsquo;t care how messy your accounting is (or how rich you are) - you&rsquo;re definitely going to notice if you find an extra $8B to spend. Even the most gullible person should not believe Sam&rsquo;s claim that this was an accounting error.&rdquo; 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 agocointelegraph
Just 8% of Americans have a positive view of crypto: CNBC survey
CNBC’s All-America Economic Survey was conducted towards the end of November, just a few weeks after the collapse of crypto exchange FTX.
1 day agocryptosrus
U.S. lawmakers want State Department to disclose and justify crypto rewards
An amendment proposed by lawmakers in the United States indicates that they want to be kept in the loop when it comes to crypto rewards and payouts facilitated by the U.S. Department of State. The Department of State is an executive branch of the U.S. federal government responsible for the country’s foreign policy and relations. […] The post U.S. lawmakers want State Department to disclose and justify crypto rewards appeared first on CryptosRus.
2 days agocryptodaily
SushiSwap Head Chef Proposes Upping Treasury’s xSUSHI Revenue
Head Chef Jared Grey has proposed that the 100% of xSUSHI revenue be allocated to the treasury wallet for the next 12 months. Head Chef Calls For Immediate Remedy The decentralized exchange is discussing this proposal to provide financing for its operations and extend its runway beyond the next year and a half. It proposes directing all the fees paid to the xSushi holders into the treasury wallet for the next year. The exchange has been facing a severe funding crisis and other indications of declining fortunes. Newly appointed Head chef, Jared Grey, is attempting to turn the company&rsquo;s fortunes around and extend its lifespan, which according to him, has been reduced to just 1.5 years. His proposal states, &ldquo;I propose setting Kanpai to 100% of fees diverted to the Treasury multisig, for one year or until new tokenomics are implemented, helping return Sushi&rsquo;s fiscal resources to a competitive level.&rdquo; According to Grey, the company needs $5 million to remain operational in the bear market. While putting his plan forward, he stated that the significant deficit in the Treasury was the biggest threat to SushiSwap&rsquo;s operational viability and needed an immediate remedy to ensure proper funding. No Rewards For xSUSHI Holders The crux of the plan is to take all the funds generated by trading fees on the exchange. Now let&rsquo;s understand how that would work. One of the methods of earning rewards on the SushiSwap platform is by staking the sushi token and receiving the xSushi in return. For each swap, xSushi holders receive 0.05% of the transaction fees, 10% of which is directed to the SushiSwap treasury wallet. Now according to Grey&rsquo;s proposal, the percentage of funds allocated to the treasury should be increased from 10% to 100%. This would mean no more token rewards for the xSushi holders. A core developer at SushiSwap, Matthew Lilley, believes this could be a temporary solution to help the exchange. He said, &ldquo;The timeline is 12 months, if nothing has changed after 12 months it will default back to the original model. Hopefully it can be ended early if tokenomics revamp is concluded before.&rdquo; SushiSwap Community Not Pleased The proposal has been put up for voting in front of the DAO. 75% of the 28 members who voted at the time of writing supported the proposal. However, there has been some pushback from the community otherwise. Many users believe that if the reward fee for xSushi holders is taken away, they will not have any incentive to hold on to the SUSHI tokens. Some users have claimed that the reward fee was one of the reasons to hold on to the SUSHI tokens even in a bear market. Without the incentive to do so, many users might just dump the token. These speculations might have some value, as the SUSHI token had dropped by 6% in the 24 hours following the news. 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 agocryptopotato
Just Like Bitcoin, Binance US Drops All Ethereum-USD Trading Fees
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2 days agocryptodaily
Ledger Unveils New Hardware Wallet
The new hardware wallet, Ledger Stax, comes at a time when trust in centralized exchanges is at an all-time low in the aftermath of the FTX crash. FTX Crash Pushes Wallet Demand French crypto security firm Ledger unveiled its latest hardware wallet, the Ledger Stax, at the company&rsquo;s annual Ledger Op3n event on Tuesday. The gadget resembles a smartphone but is much smaller and lighter. It is roughly the size of a credit card and weighs lighter than a regular iPhone. Ledger CEO Pascal Gauthier spoke about the company&rsquo;s previous crypto security devices, saying, &ldquo;With the Ledger Nano&trade; series, we created the most successful digital asset security hardware of all time&mdash;with over 5 million sold and none ever hacked. Digital assets are increasingly about identity and digital ownership, not just crypto like Bitcoin. The time is now for a device for more mainstream users. We must not compromise on security.&rdquo; The crash of the FTX exchange and the attacks on multiple crypto firms during October have disillusioned investors about centralized platforms. As a result, there has been an increase in demand for hardware wallets where funds can be stored safely away from external threats. iPod Of Crypto In order to design the new device, the Ledger team partnered with Tony Fadell, the original creator of the iPod. This is another reason why the Ledger Stax is being dubbed the iPod of crypto. Fadell spoke about designing the Ledger Stax and his thought process behind it, &ldquo;Digging into Ledger&rsquo;s proven security technology and trying all the &lsquo;best&rsquo; hardware wallets out there convinced me to build a next-gen device with Pascal, Ian and the amazing Ledger team. We need a user-friendly&hellip;no! A &lsquo;user-delightful&rsquo; tool, to bring digital asset security to the rest of us, not just the geeks.&rdquo; Ledger Stax Product Design Users will be able to deposit most crypto tokens on the Ledger Stax, including Bitcoin, Ether, Cardano, and Solana. The wallet even supports NFTs. The device has a high-resolution E-ink screen that allows users to manage and monitor their funds and display digital art. Additionally, because of its magnetic nature, users can easily stack multiple devices on top of each other, which is a reference to the product name &ldquo;Stax.&rdquo; This stackable feature would come in handy for users who prefer to own multiple devices in order to maintain separation between their digital assets. Chief Experience Officer at Ledger, Ian Rogers, spoke about the product design, &ldquo;We have fused the uncompromising security and self-custody culture of Ledger, with the equally uncompromising user-experience-focused culture of Tony and his team. The result is the first true, secure consumer hardware device for the revolution of value brought by blockchain technology.&rdquo; 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 agocointelegraph
US lawmakers want State Department to justify crypto rewards and disclose payouts
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About JUST

The live price of JUST (JST) today is 0.022768 USD, and with the current circulating supply of JUST at 8,902,080,000 JST, its market capitalization stands at 202,685,961 USD. In the last 24 hours JST price has moved 0.000878 USD or 0.04% while 12,947,948 USD worth of JST has been traded on various exchanges. The current valuation of JST puts it at #137 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 Price0.022768 USD
Market Rank#137
Market Cap202,685,961 USD
24h Volume25,560,089 USD
Circulating Supply8,902,080,000 JST
Max Supply9,900,000,000 JST
Yesterday's Market Cap203,791,890 USD
Yesterday's Open / Close0.022015 USD / 0.022893 USD
Yesterday's High / Low0.023088 USD / 0.021879 USD
Yesterday's Change
0.04% ( 0.000878 USD )
Yesterday's Volume12,947,948 USD
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Sorry, no liquidity for this pair
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