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0.00002681 BTC
Market Cap (Rank#164)
5,813 BTC
Vol 24h
818.582 BTC
Circulating Supply
Max Supply
5 days ago cryptopotato
PayPal Ventures Leads $52M Funding Round for Web3 Firm Magic
The new round brings the total raised to more than $80 million.
5 days ago cryptodaily
Crypto Weekly Roundup: Draft Bill Defines SEC-CFTC Roles And More
A recently proposed draft bill could set clearly defined roles for the SEC and the CFTC, giving much-needed clarity to the U.S. crypto industry. Let’s find out more. Bitcoin USDT stablecoin issuer Tether has announced its plans to set up Bitcoin mining operations in Uruguay using renewable energy. DeFi The Uniswap DAO has voted against a proposal to turn on protocol fees for liquidity providers. The poll saw 45% opposed to turning on proposal fees, while support for two fee plans was divided. The Multichain team has been unable to reach the protocol’s CEO and gain the necessary server access for maintenance works. Altcoins Stablecoin Tether has fought through the challenging stablecoin market and propelled its market cap to reach an all-time high of $83.2 billion. Circle has announced that it will be launching the USDC stablecoin natively on Arbitrum on the 8th of June, 2023. In an impressive milestone for the Avalanche (AVAX) ecosystem, the platform has successfully surpassed the coveted one million monthly active users (MAUs) mark. Business Hong Kong-based First Digital Group has announced the introduction of a new stablecoin that will be pegged to the United States Dollar but regulated in Asia. A report by independent journalist Colin Wu claimed that Binance, the world’s largest crypto exchange by trading volume, may have cut its staff by as much as 20%. The world’s leading social trading platform, BingX, announced the launch of a peer-to-peer trading feature that allows users to buy and sell crypto directly with P2P merchants. In a move to streamline operations and reduce expenses, blockchain analytics firm Nansen has announced a significant reduction in its workforce. Gulf Binance, a partnership between crypto exchange Binance and Gulf Energy’s innovation division, Gulf Innova, received approval in Thailand for a digital asset operator license. Balinese authorities said they would crack down on foreign tourists who pay for products and services using cryptocurrencies. Regulation Republican lawmakers Patrick McHenry and Glen Thompson have introduced a draft bill proposing clear roles and delineation of authority between the SEC and CFTC regarding crypto. The Central Bank of UAE has set forth comprehensive guidelines for digital asset KYC, to be implemented next month. Crypto exchange announced it had been granted a Major Payment Institution license for Digital Payment Token services from Singapore’s central banking institution. The European Union (EU) has formally signed new legislation on crypto licensing (MiCA) and money laundering rules into law. An Indonesian rental car owner was arrested by Bali police at his business premises after it was alleged he accepted crypto for payments. ByBit has become the latest cryptocurrency exchange to exit Canada and plans to shutter all services and products offered in the country. Republican congressman Warren Davidson has stated that a tentative deal aimed at stopping the US government from defaulting on its debts potentially scuppers a proposed 30% crypto mining tax. The Bank of Japan has announced the completion of the second stage of its CBDC program and is now moving ahead with its pilot project. NFT Reddit NFTs have seen staggering success since their launch, with the platform registering 10 million NFT holders and hitting $32 million in sales. Web3 Wallet-as-a-service provider Magic has successfully raised $52 million in a strategic funding round led by PayPal Ventures. Germany's Deutsche Telekom has joined Polygon as a validator, signaling its support for the Ethereum layer-2 scaling protocol and expanding its involvement in the blockchain technology space. Security Jimbos Protocol has contacted the Department of Homeland Security in an effort to reclaim the funds that were stolen via a flash loan exploit on the 28th of May. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
8 days ago cryptodaily
Magic Web3 Wallet Raises $52m In Strategic Funding
Wallet-as-a-service provider Magic has successfully raised $52 million in a strategic funding round led by PayPal Ventures. The investment will support Magic's expansion plans within the European Union and Asia-Pacific region, as well as the development of additional use cases. Magic offers non-custodial wallet infrastructure to enterprise clients, enabling them to securely onboard customers into the Web3 ecosystem. Participants in the funding round inccluded Cherubic, Synchrony, KX, Northzone, and Volt Capital. With this latest funding, Magic's total raised capital now exceeds $80 million. The San Francisco-based company, founded in 2018, provides enterprise-grade solutions that simplify the adoption of Web3 technology for large enterprises in various sectors. Magic's non-custodial wallet creation infrastructure utilizes a software development kit (SDK), allowing companies to seamlessly integrate wallet creation into their applications. Users can create wallets instantly using existing email, social media accounts, or SMS. To date, Magic has generated over 20 million unique wallets, and its SDK is widely used by more than 130,000 developers. Notable clients of Magic include Mattel, Macy's, Xsolla, and Immutable. Alan Du, a partner at PayPal Ventures, expressed his confidence in Magic's wallet creation service, highlighting its ability to onboard new users to Web3 and enable global brands to explore diverse use cases within the growing Web3 landscape. Magic's CEO, Sean Li, stated that the company has observed a steady increase in Web3 adoption among large enterprises, with global brands leveraging blockchain technology to engage customers and monetize their experiences in innovative ways. "Our vision is to ignite new economic opportunities by enabling authentic digital ownership for everyone - starting with building the necessary infrastructure to onboard the next billion users to web3." Li shares. The strategic funding will allow Magic to further expand its functionality and provide increased value to its customers. The company aims to deepen its integration within the European Union and Asia-Pacific markets. Magic's vision is to enable widespread economic opportunities by creating the necessary infrastructure to onboard billions of users into the Web3 ecosystem. Magic's solutions are designed to simplify the migration to Web3, providing enterprise-grade, low-effort solutions for various applications such as customer loyalty programs, digital collectibles, employee recognition, ticketing, and memberships. The company's success lies in its commitment to secure and seamless non-custodial wallet creation, offering users complete control over their assets. Magic's scalability and compliance with industry standards differentiate it from other wallet-as-a-service providers. The partnership between Magic and PayPal Ventures reflects the increasing interest and recognition of the potential of blockchain technology by established companies. While Magic continues to facilitate the onboarding of users into Web3, the funding and expansion plans will position the company to bridge the gap between traditional businesses and the evolving Web3 ecosystem. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
9 days ago cointelegraph
Web3 developer Magic raises $52M in funding led by PayPal Ventures
The company has raised $80 million for wallet development since its inception in 2020.
9 days ago coindesk
PayPal Ventures Leads $52M Round for Crypto Firm Magic
The startup offers non-custodial wallet infrastructure for an enterprise client list that includes Macy’s and Mattel.
20 days ago cryptodaily
Embark on Crypto Odyssey: DogeMiyagi, Ethereum and Cardano's Epic Quest for Free Crypto Treasures!
Welcome to the exciting world of free cryptocurrency, crypto fans! You've come to the correct place if you're a seasoned investor trying to diversify your portfolio or a finance enthusiast looking for the next great thing. In this exciting article, we will go across the realms of DogeMiyagi ($MIYAGI), Ethereum (ETH), and Cardano (ADA)—three crypto powerhouses that provide tremendous chances to acquire free cryptocurrency. So get ready and prepare for the trip of your digital life! DogeMiyagi: The Epic Crypto Adventure with Free Rewards and Referral Bonuses DogeMiyagi, the market's stunning new meme currency, is unlike any other! While other meme currencies appear and vanish like shooting stars, DogeMiyagi is here to stay. Get ready for a crazy adventure of fun and utility! What distinguishes this coin is its persistent dedication to community participation and openness. It's like having a front-row ticket to the town's most thrilling performance! The magic does not end there. DogeMiyagi welcomes the community to join the party early and reap the benefits of its exceptional growth, with a staggering 60% allocation devoted to the presale. That's right; you get to be a part of this incredible adventure right from the start! But hold on; there's more! As the story progresses, we learn that 24% of the tokens are earmarked for exchanges. It's like getting a front-row seat to the trendiest exchanges, where you can trade and improve your crypto game. Prepare for the explosion of trading abilities and grasp the possibilities. Oh, and the cherry on top! What's even more remarkable is the opportunity to get free cryptocurrency via DogeMiyagi's Referral scheme. You can earn a whopping 10% commission by spreading the news and inviting people to join. That's right, tribe—free cryptocurrency for spreading the DogeMiyagi love! Ethereum Staking: Enter the Crypto Universe and Discover the Magical Rewards! Now, strap in for a thrilling voyage into the beautiful domain of Ethereum, the unstoppable behemoth that has established itself as one of the top players in the crypto industry. But hold onto your hats, my fellow enthusiasts, for Ethereum has a special gift for you. Prepare to be awestruck by the magical world at stake! So, what precisely is staking, you may wonder? It is a game changer. When you stake your Ethereum holdings, you contribute significantly to the network's security and efficiency. It's like being a crypto universe guardian, watching over the Ethereum ecosystem's integrity and stability. But wait, there's more to this captivating story! When you contribute Ethereum to the network, you gain access to a hidden treasure trove of rewards—free crypto, dear ones! It's like discovering a secret treasure box deep below the dunes of a desolate island—your money multiplies with each passing second, as if by some mysterious power. These tokens are given out as a reward for securing the underlying blockchain network. Stake Your ADA Tokens and Reap the Rewards of Decentralization! Now get ready for another unforgettable journey as we explore the thrilling world of Cardano, a real jewel among the top 25 cryptocurrencies, which runs on Proof-of-Stake technology. Prepare for the power of staking and watch the magic unfold! You have the excellent opportunity to stake your ADA tokens and become a courageous network defender with Cardano. It's like entering a virtual fortress and being tasked with preserving the network's security and integrity. You join a revolutionary movement and actively contribute to the growth of decentralisation. But this is when the real fun begins! A fascinating transition occurs as you contribute your ADA tokens through staking. Like a magician conjuring up surprises, Cardano rewards your devotion and loyalty with free cryptocurrency—yes, that's right. It's as if you've been showered with gold coins from the crypto sky, a joyful deluge of riches. Then you can sit back and relax, enjoying the excitement of the crypto world as Cardano is hard at work. By staking the tokens, you contribute to the strength and durability and receive additional ADA tokens as a bonus. It's like having your money-making machine that works in the background, continuously expanding your crypto riches. Final Thoughts Bravo! You've travelled this far across the magnificent landscapes of DogeMiyagi, Ethereum, and Cardano, learning the glories of free cryptocurrency. The possibilities are boundless, whether you're harnessing the power of referrals with DogeMiyagi or staking your way to crypto heaven with Ethereum and Cardano. DogeMiyagi: Website: Twitter: 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.
21 day ago cryptodaily
Horizon's Sequence Web3 Platform To Launch on Polygon Supernets
Horizon Blockchain Games and Polygon Labs have announced a strategic partnership designed to revolutionize web3 infrastructure with an integration of Sequence, Horizon's comprehensive web3 developer platform, into Polygon Supernets. The collaboration is aimed at promoting scalability, security, and improved user experience within the platform. The introduction of Horizon's Sequence product into Polygon Supernets is poised to respond to and take care of the specific requirements and needs on an enterprise level, alongside providing tooling for decentralized application developers. Sequence operates a web3 wallet and infrastructure stack, encouraging accelerated development on Polygon Supernets. The alliance offers credits to incentivize projects, which includes a toolkit composed of the Sequence Wallet, Token & NFT APIs, Indexer, Relayer, Node Gateway, Marketplaces, and SDKs for projects aligning with Polygon Supernets, Polygon zkEVM, and Polygon PoS. The partnership builds upon previous successes of Horizon and Polygon Labs collaborations. Past notable collaborations include SuperGaming’s Tower Conquest, Cool Cats, BoomLand, Magic Eden, Sunflower Land, among others. Through this strategic alliance, developers and brands are being presented with a wide array of web3 tools with Sequence's all-in-one stack, aiming to augment the web3 development experience within the Polygon ecosystem. Adding to the portfolio of successful collaborations, Horizon and Polygon have already seen success with their web3 trading card game, Skyweaver. Developed on Polygon PoS for its scalability, environmental sustainability, and transaction speed, it was designed to provide an intuitive experience for its players, many of whom were new to web3. "Horizon is a long-standing collaborator in the Polygon ecosystem, and integrating their Sequence Wallet and developer stack into Polygon Supernets marks another significant stride in building web3 infrastructure on Polygon," shares Sandeep Nailwal, co-founder of Polygon Labs. Polygon Supernets Polygon Supernets, currently at its test version v0.9, represents a crucial development phase for the Polygon community. This version is a significant step towards the finasl release v1.0, reflecting the maturation of the product suite. It's important to bear in mind that this is a test release and may come with certain limitations, including breaking changes and lack of backward compatibility. While users are encouraged to familiarize themselves with the new features, they should approach this version strictly as a test iteration. Some of the key features in v0.9 are expanded allowlists and transaction blocklists, staking and token separation support, NFT bridge support, and enhanced transaction fee management. These additions bring the "Super networks" vision of Polygon Supernets a step closer to realization, introducing new core contracts and consensus client primitives. The MVP stage of the protocol now boasts expanded bridge transaction allowances, the introduction of MATIC staking, and support for different ERC tokens, among others. Given the inherent risks associated with a test release, the Polygon team has undertaken a comprehensive source code audit to ensure the product's reliability and security. However, the final release version will undoubtedly carry more stability and an array of new features, bringing us one step closer to a more scalable, secure, and user-friendly blockchain ecosystem. Notably, Horizon and Polygon Labs are also offering more support routes for brands and developers to penetrate the Web3 ecosystem. The provision of credits for projects developed on Polygon Supernets with Sequence further helps out aspiring developers who may just be starting out in the ecosystem. Horizon's all-in-one Sequence stack simplifies web3 development and content creation while enhancing user experience, making web3 technology more accessible. On a wider scale, Polygon Labs, renowned for developing Ethereum scaling solutions for the Polygon protocols, has achieved notable milestones since its inception. As a testament to its impact, it has seen over 261 million unique addresses, 1.4 million smart contracts created, and 2.7 billion total transactions. Major web3 projects and corporations, such as Aave, Uniswap, Robinhood, Stripe, and Adobe, have found a home in the existing Polygon network. 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.
22 days ago cointelegraph
Hyperbitcoinization coming, says Bitcoin OG as 'wholecoiners' hit 1 million
1 million Bitcoin wallets now have a balance of 1 BTC or more, but the real magic is yet to come, says Adam Back.
23 days ago cryptodaily
Revolutionizing Crypto Market with TMS Network, DogeMiyagi, and TRON!
As the cryptocurrency market continues to evolve, all eyes are on DogeMiyagi (MIYAGI) and its potential to replicate the success of TMS Network, while updates on ChainLink (LINK) and TRON (TRX) keep investors engaged. Launched in May 2023, DogeMiyagi has swiftly gained momentum, drawing inspiration from "The Karate Kid" and the iconic Doge meme. With a growing market cap, this meme coin is on the verge of virality, joining the ranks of DOGE and PEPE. But what sets DogeMiyagi apart is its strategic alignment with the Ethereum staking trend and its commitment to community and decentralization. Will MIYAGI unleash its meme coin magic and become the next big sensation in the crypto world? Updates on Chainlink and TRON TRX Sets the Stage for Higher Liquidity: Tron Stake 2.0 is on the horizon, offering increased staking flexibility and durations. This upgrade could attract more users, leading to higher rewards and liquidity. However, TRX's price action remains limited, consolidating around $0.065. On the other hand, Chainlink (LINK) establishes a solid support level, hinting at potential growth with a golden cross formation in sight. However, it's TMS Network (TMSN) that steals the spotlight with its record-breaking presale. Trading Reinvented TMS Network (TMSN) has gained momentous levels of popularity as it revolutionizes the trading experience with its decentralized platform, which allows users to trade cryptocurrencies, stocks, CFDs, and Forex seamlessly, all backed by secure and transparent blockchain technology. No middlemen mean lower costs and faster transactions. With an intuitive interface and educational resources, TMSN empowers traders of all levels. Users can say goodbye to high fees and welcome instant deposits and withdrawals. From Karate Chops to Crypto Swaps DogeMiyagi (MIYAGI) enters the bullish market with a meme coin karate chop! Inspired by "The Karate Kid" and the legendary Doge meme, DogeMiyagi has swiftly gained momentum since its recent launch. With a growing market cap, this coin is on the path to virality, joining the meme coin season rally with SHIB and PEPE! Nonetheless, what really makes DogeMiyagi stand out is its perfect timing with the Ethereum staking trend. As Ethereum transitions to Proof-of-Stake, staking rewards have reached all-time highs, attracting investors to Ethereum-based projects, including meme coins like DogeMiyagi. Drawing inspiration from the iconic character Mr. Miyagi, DogeMiyagi embodies profound life lessons and has even earned the prestigious Medal of Blockchain. It's not just about the memes but also about embracing a community that believes in decentralization and shared ownership. DogeMiyagi's vibrant ecosystem offers NFTs, crypto discussions flow, and fun side-splitting memes. The meme coin lets holders seamlessly interact with other wallets, all while staying true to sustainability principles. In conclusion, the cryptocurrency market is undergoing continuous evolution, presenting great potential for DogeMiyagi as it rapidly gains momentum. Furthermore, with TMSN revolutionizing the trading experience, the world of crypto offers traders fresh opportunities. This dynamic and ever-changing realm of finance makes it an exhilarating time to be actively involved! For more info on DogeMiyagi (MIYAGI): Website: Twitter: 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.
25 days ago cryptodaily
LOVESNOOPY' Token Lists on MEXC Exchange
Seattle, USA, May 15th, 2023, ChainwireThe recent surge of meme coins in the cryptocurrency market is nothing short of a phenomena, as meme coins have taken center stage in the world of cryptocurrencies. Amidst the impressive performance of PEPE, a coin that took the center of the meme coin ecosystem, is a new protagonist -the beloved original dog character, Snoopy, who has garnered worldwide affection over a long period of time.Today, the LOVESNOOPY project ($LOVESNOOPY) has announced the token will be listed on the MEXC exchange on May 16th of 10:00 UTC.Right from its launch, $LOVESNOOPY expressed its ambitious goal of worldwide expansion through multilingual support on its website. Next, the $LOVESNOOPY team hired CERTIK to conduct an audit, according to their Twitter. In addition, the team will be burning 10% of its total token supply.With its ambitious goal of world expansion through the power of memes, $LOVESNOOPY aspires to capture the hearts of individuals worldwide, infusing their lives with joy, warmth, and a renewed appreciation for the enduring magic of Snoopy.About LOVESNOOPYThe main utility of $LOVESNOOPY is to establish a vibrant and impassioned meme community that we can embrace with all our hearts. LOVESNOOPY’s path to global domination is simple! Just enjoy and ‘LOVE SNOOPY’! The more people enjoy and LOVE SNOOPY, the more indelible his legacy as a beloved meme will become.LOVESNOOPY is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.ContactI LOVE SNOOPY [email protected]
29 days ago cointelegraph
New wallet uses Amazon hardware security modules to eliminate seed words
The newly launched crypto wallet by Kresus requires users to sign in with “magic links,” meaning password hashes don’t need to be stored.
29 days ago cryptodaily
Web3 Mental Health Collective Launches 'JOMO' NFT Collection
Peace Inside Live, a Web3 mental health collective, has launched an NFT collection to promote the joy of missing out (JOMO) over the fear of missing out (FOMO). The collection, called the JOMO Effect, features a series of digital art pieces that represent various aspects of mental health and well-being. The JOMO Effect NFT collection is available for minting on the Magic Eden marketplace on the Polygon network. Primary sale profits from the NFTs will be donated to five mental health charities, such as the American Foundation for Suicide Prevention. By participating in this initiative, collectors can access various resources and benefits like Chopra's Soul of Leadership course, Peace Inside Live's mindfulness materials, and discounts for Unstoppable Domains. "We believe that the Web3 space can be a powerful tool for promoting mental health," said Shira Lazar, Emmy nominated host and co-founder of Peace Inside Live. "By focusing on JOMO, we can help people to find balance, take breaks, and focus on their own well-being." The launch of the JOMO Effect NFT collection is a timely response to the increasing focus on mental health in society. Efforts like these can help foster a healthier and more balanced approach to the digital world. The Web3 space is a rapidly growing and evolving ecosystem. With its potential to disrupt many industries, it's also equally important to consider the toll that Web3 could have on mental health. This writer, for instance, has struggled with the same issues on a personal level. In an effort to maintain journalistic integrity in the Web3 space, this writer has not held any amount in crypto beyond the what they are compensated for. One of the potential challenges of Web3 is the fear of missing out (FOMO). In the Web3 space, there is always something new and exciting happening. It can be easy to feel like you are missing out if you are not constantly connected and updated. This can lead to anxiety, stress, and even depression over financial opportunities missed. "We hope that the JOMO Effect NFT collection will spark conversations about mental health in the Web3 space," said Lazar. "We believe that by integrating mental health into the core foundation of the industry, we can bring about a disruptive change." The JOMO Effect NFT collection is a positive step towards addressing the potential mental health challenges of Web3. By focusing on the joy of missing out (JOMO), the collection encourages individuals to find balance, take breaks, and focus on their mental well-being. Here are some additional tips for promoting mental health in the Web3 space: Set boundaries. It is important to set boundaries between your work and your personal life. This means taking breaks, disconnecting from social media, and spending time with loved ones. Take care of yourself. Make sure to eat healthy, exercise regularly, and get enough sleep. These are all important for your physical and mental health. Seek help if you need it. If you are struggling with your mental health, please reach out for help. 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.
30 days ago cryptodaily
Binance Prepares NFT Marketplace Support For Bitcoin Ordinals
Binance has announced plans to support Bitcoin Ordinals inscriptions on its NFT marketplace later this month. This move marks Binance's entry into the rapidly growing Bitcoin-based parallel NFT market. The update to Binance's NFT marketplace will be rolled out in the coming weeks, allowing users to buy and trade Ordinals inscriptions using their Binance accounts. In March, the NFT marketplace expanded its range of supported networks by adding select NFT collections from Polygon to the platform. Binance's Head of Product, Mayur Kamat, sees the prepared listing to be a significant development. Kamat commented: "Bitcoin is the OG of crypto. We believe things are just getting started here and can't wait to see what the future holds in this space." Several inscriptions marketplaces have emerged as a result of Ordinals' initial surge in popularity, including Ordswap, Ordinals Market, and Ordinals Wallet. Magic Eden, the largest Solana NFT marketplace, was the first among established platforms to enter the Ordinals market, launching an inscriptions marketplace in March. Binance's NFT marketplace announcement comes just days after the exchange temporarily paused Bitcoin withdrawals due to network congestion, while its competitors remained fully operational. The pause occurred when Bitcoin transaction fees were at a high, and the network's mempool—where transactions wait to be verified—was heavily backlogged. Many in crypto Twitter (CT) believe that transactions related to BRC-20 tokens were contributing to the network congestion. BRC-20 tokens, which are built and traded using Ordinals, use text-based inscriptions instead of image-based ones, just like Bitcoin NFTs. Currently, Binance's Bitcoin NFT marketplace does not support BRC-20 tokens. In recent weeks, image-based inscriptions have been eclipsed by Bitcoin-based tokens and text-based inscriptions. On Sunday, 99.7% of inscriptions made through Ordinals were text-based, according to a Dune dashboard. Simultaneously, 65% of all Bitcoin transactions were related to BRC-20 tokens, as reported by another Dune dashboard. The excitement surrounding BRC-20 tokens intensified on Monday as Ordi, the first BRC-20 token launched as an experiment in March, was listed on cryptocurrency exchanges and Binance's support for Ordinals inscriptions signals its commitment to staying at the forefront of the ever-evolving cryptocurrency landscape. The addition of Ordinals inscriptions to Binance's NFT marketplace represents a significant milestone in the expansion of digital assets on the Bitcoin blockchain. As we dive deeper into the world of Ordinals and the underlying technology, it's important to understand how this development will impact Binance users and the broader cryptocurrency ecosystem. Ordinals inscriptions on the Bitcoin blockchain are often referred to as "digital artifacts," and they represent a different approach to NFTs compared to the more familiar Ethereum-based NFTs. Ordinals are created by inscribing satoshis, the atomic units of a Bitcoin, with digital artifacts or machine-readable language. This process aligns with the immutable nature of the Bitcoin blockchain. The Bitcoin Ordinals project, initiated by Casey Rodarmor, a former blockchain developer at Chaincode Labs for Bitcoin Core, offers a new perspective on the concept of NFTs. The project documentation states, "Digital artifacts are permissionless. An NFT which cannot be sold without paying a royalty is not permissionless, and thus not a digital artifact." This distinction highlights the unique characteristics of Ordinals as opposed to traditional NFTs. As Binance adds support for Ordinals inscriptions to its NFT marketplace, users will have access to a new type of digital asset that is more closely tied to the Bitcoin blockchain. Unlike Ethereum-based NFTs, which often rely on off-chain data from the Interplanetary File System (IPFS), Bitcoin Ordinals do not require off-chain connections. This development represents a significant technical advancement within the digital asset space, addressing a previously unresolved (or, to some extent, unrealized) challenge in the Bitcoin blockchain. The process of creating Ordinals inscriptions involves inscribing satoshis with arbitrary content, resulting in bitcoin-native digital artifacts without the need for a sidechain or separate token. These inscribed satoshis can be transferred using bitcoin transactions, sent to bitcoin addresses, and held in bitcoin UTXOs. The transactions, addresses, and UTXOs are treated as normal bitcoin entities, with the exception that transactions must control the order and value of inputs and outputs according to ordinal theory. Binance's decision to support Ordinals inscriptions on its NFT marketplace is a testament to the growing interest and excitement surrounding this new form of digital asset. As Yuga Labs, the creator of the popular Bored Ape Yacht Club NFT collection, said, "Stepping into the Ordinals Discord a month ago felt like getting a glimpse of the 2017-era Ethereum NFT ecosystem. It’s the type of energy and excitement we love." With the addition of Ordinals inscriptions to Binance's NFT marketplace, users can expect a more diverse range of digital assets available for trading and collecting. The integration of this innovative Bitcoin-based technology also signals the exchange's commitment to staying at the forefront of the rapidly evolving digital asset landscape. The support for Bitcoin Ordinals could be a harbinger of even more groundbreaking developments in the space. 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.
36 days ago zycrypto
Solana’s Fierce NFT Battle Deepens As Tensor Knocks Down Magic Eden For Top Spot
Non-fungible tokens (NFT) remain in the driving seat of the Solana (SOL) as the network continues its development amid tight competition with other smart contract blockchains.
41 day ago cryptodaily
Sparklo (SPRK) Takes The Shine Away From Shiba Inu (SHIB) And Axie Infinity (AXS)
Shiba Inu (SHIB) and Axie Infinity were among the top cryptocurrencies making headlines in 2020/21. Quite logical, given that Shiba Inu (SHIB) and Axie Infinity (AXS) were among the best performers at the time, doing thousands of percentages in gains. But will Shiba Inu (SHIB) and Axie Infinity (AXS) repeat the magic of 2021? Analysts believe that the best days of these two high-profile cryptocurrencies are over. Instead, analysts believe new cryptocurrencies that still have a tiny market cap will explode next. One cryptocurrency that analysts are particularly bullish on is Sparklo (SPRK), which is still in the presale stage. With the attention that Sparklo (SPRK) is getting from investors, it could easily make it to the top 100 cryptos by market cap. Shiba Inu (SHIB) Best Days Behind It Shiba Inu (SHIB) is a perfect example that timing matters when investing. Those who got into Shiba Inu (SHIB) in 2020 or early 2021 made good money. Some early Shiba Inu (SHIB) investors became millionaires from investments as low as $500. However, the Shiba Inu (SHIB) of today is far from that of 2020. Today, Shiba Inu (SHIB) is a large-cap cryptocurrency. Expecting Shiba Inu (SHIB) to give another 1 million percent in gains would be expecting a bigger market cap than Bitcoin. That’s simply unrealistic for Shiba Inu(SHIB). Analysts also believe that even a few thousand percent gains for Shiba Inu (SHIB) may be unrealistic. That’s because, unlike in 2020, hundreds of Shiba Inu (SHIB) competitors are coming to the market today. Since many have lower market caps, they stand to gain more than Shiba Inu (SHIB) in another crypto bull rally. While Shiba Inu (SHIB) is now in the past, analysts believe Sparklo (SPRK) has the potential to repeat what Shiba Inu (SHIB). Sparklo (SPRK) has the hype, and it's still a low-cap crypto, just like SHIB in 2020. Axie Infinity (AXS) Best Days Are Behind It Analysts increasingly agree that Axie Infinity (AXS) has seen better days. Firstly, all the hype around P2E gaming that propelled Axie Infinity (AXS) to the limelight is long gone. Most gamers have realized that the quality of games and rewards on Axie Infinity (AXS) and most P2E platforms does not match what you get in conventional gaming environments. At the same time, even within the P2E gaming world, Axie Infinity (AXS) has lost its edge to newer cryptocurrencies with more games. This is compounded by the fact that Axie Infinity (AXS) today has a large market cap. This means that even if the broader market rises again, Axie Infinity (AXS) will likely do something 3X. That’s pretty small compared to Sparklo (SPRK), which analysts predict could do 100X or more. Sparklo All Set To Rally As Investors Seek 100X-Plus Gains Sparklo (SPRK) is getting much attention from investors seeking 100X or more gains. Can Sparklo (SPRK) deliver that? Analysts believe it can do so because it is still low-cap crypto, so there is room for growth. Sparklo (SPRK) is still in the presale stage and currently going for only $0.015. This is a pretty affordable price for all levels of investors and could drive FOMO around Sparklo (SPRK). At the same time, investors are attracted to Sparklo (SPRK) for its high transparency. With Sparklo (SPRK), investors buy crypto whose smart contract is fully audited by InterFi Network. Sparklo (SPRK) also has a KYC audit to ensure everything is above board. Buy Presale: Website: Twitter: 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.
44 days ago cryptodaily
Sparklo’s Presale Set to Move Uptrend Ahead of Conflux (CFX) and Immutable (IMX)
With Conflux (CFX) and Immutable (IMX) currently on a downtrend, investors have their gaze fixed on the new presale on the crypto block, Sparklo. In this article, we will explain why it is a better investment than Confluc (CFX) and Immutable (IMX). Conflux’s (CFX) Recent Developments Fail to Improve its Token’s Value Conflux (CFX) is a public layer-1 blockchain designed to power decentralized applications, Web3 infrastructure, and e-commerce through its decentralized, secure, and scalable protocol. Conflux (CFX), dubbed China’s Polygon (MATIC), is the country's only regulatory-compliant blockchain. Recent developments show that the blockchain has proposed to deploy Uniswap v3 on its network alongside offshore Chinese Yuan (CNH). In addition, the network also plans to join Curve Wars with its token (CFX) bridged to the Ethereum (ETH) mainnet. This proposal happened in the wake of Binance’s announcement that it will now support Conflux (CFX) mainnet integration. These moves by Conflux (CFX) are intended to attract more investors and provide more liquidity pools, which ultimately will increase the network’s usage, worth, and value of its token, Conflux (CFX). Nevertheless, so far, the token has been beset by a downtrend in price movement. Currently valued at $0.28, its value has decreased by over 20% in the past 7 days. Conflux's (CFX) current price movement has made investors consider Sparklo’s presale, which comes with hopes of an uptrend price movement. Immutable’s (IMX) Downtrend Worries Investors Immutable (IMX) is the first layer-two scaling solution for non-fungible tokens on Ethereum (ETH). The blockchain was designed to be an improvement on Ethereum, thereby making it more scalable, having a better user experience, and having a zero gas fee for minting and trading NFTs. Gadget-Bot, a production company rumored to be developing “Kadairo,” a sci-fi universe, for over a decade, is bringing the game to Web3 on Immutable (IMX), which is slated for launch sometime this year. The game’s setting is a post-apocalyptic world with battles against powerful magic users, playable in a combination of player-vs-environment and player-vs-player, and teams of three players. This recent news is exciting to gamers and ultimately aims to tap into the gaming sector. However, this news currently has little to no effect on the token’s current price, which trades at $0.95 at the time of writing after a drawback of 15% in the past 7 days. Sparklo’s (SPRK): A Better Investment Than Conflux (CFX) and Immutable (IMX) Sparklo presale is currently believed to have better growth potential than Immutable (IMX) and Conflux (CFX) due to its unique investment model. Sparklo is a precious metals investment platform committed to offering opportunities for investment in rare metals such as gold, silver, and platinum. Investors can invest in fractionalized NFTs backed by these precious metals and not fiat or other tokens. The project has been predicted to rise in value by over 2,000% in the next year, fueling investors' enthusiasm to be early adopters. With a cheap presale price of just $0.015, Sparklo is one of the better investments of 2023. Lastly, and more importantly, the team has concluded its smart contract audit with the InterFi Network, is currently working on its KYC audit, and liquidity is locked for 100 years. This guarantees investment, thereby improving investors’ commitment. Poised for its bull ride, Sparklo is bound for the moon, and investors are in for all of the excitement. Find out more about the presale: Buy Presale: Website: Twitter: 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.
53 days ago coindesk
NFT.NYC Was Calm, but Side Events Stirred Drama
While the annual conference saw fewer attendees in a chilly NFT winter, the real “magic” – and drama – of the Web3 gathering happened outside the main convention.
64 days ago coindesk
Magic Eden Rolls Out Bitcoin Ordinals NFT Creator Launchpad
After releasing a Bitcoin NFT marketplace in March, the company is expanding its resources for creators to securely mint their inscriptions before selling to collectors.

About MAGIC?

The live price of MAGIC (MAGIC) today is 0.695674 USD, and with the current circulating supply of MAGIC at 216,839,016.28 MAGIC, its market capitalization stands at 150,849,355 USD. In the last 24 hours MAGIC price has moved -0.007545 USD or -0.01% while 11,728,033 USD worth of MAGIC has been traded on various exchanges. The current valuation of MAGIC puts it at #164 in cryptocurrency rankings based on market capitalization.

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

MAGIC Price0.695674 USD
Market Rank#164
Market Cap150,849,355 USD
24h Volume21,240,914 USD
Circulating Supply216,839,016.28 MAGIC
Max Supply347,714,007 MAGIC
Yesterday's Market Cap184,860,376.18 USD
Yesterday's Open / Close0.860069 USD / 0.852524 USD
Yesterday's High / Low0.873249 USD / 0.839545 USD
Yesterday's Change
-0.01% ( 0.007545 USD )
Yesterday's Volume11,728,032.68 USD
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