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Cryptocurrencies/Coins/Mirror Protocol (MIR)
Mirror Protocol price, market cap on Coin360 heatmap

Mirror Protocol(MIR)

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$0.224186
(-7.54%)
0.00000971 BTC
Market Cap (Rank#165)
$197,424,275
8,553 BTC
Vol 24h
$5,450,980
236.154 BTC
Circulating Supply
880,627,470
Max Supply
1,300,000,000
17h agocryptodaily
3 Cryptos To Buy During The Dip Season: Dogeliens, Cardano, And Synthetix
Blockchain-based assets like cryptocurrencies have paved the way for seismic shifts in the investment and financial services sector globally. As per Deloitte's 2021 Global Blockchain Survey, around 76% of the respondents claimed that digital assets like cryptocurrencies are likely to either replace or evolve as an alternative for fiat currencies globally over the next 5-10 years. The sentiment is mirrored by the rally in cryptocurrency prices and the launch of new products. Promising benefits like high returns that are immune to external factors, data privacy, and low transaction fees, these assets are disrupting the financial markets with global applications. For rookie investors who are looking for cryptocurrencies that could yield good returns even when crypto prices are going down, Dogeliens (DOGET), Cardano (ADA), and Synthetix (SNX) are good options. Here's a brief description of their key features. Dogeliens combines meme community power with utility In an effort to replicate the success stories of digital goods derived from dog memes, Dogeliens aims to catalyse the cryptocurrency universe with its niche features. Users can look forward to accessing cool DeFi features on the peer-to-peer platform without any interference from third parties. The open-source platform is built on Binance Smart Chain. The decentralized platform also has its own native token, DOGET, that can be used for a host of transactional purposes like staking and yield farming and also to earn rewards and voting rights. Users will be able to purchase it on presale. The platform's unique feature is that it takes a playful and engaging approach to users' experiences, right from amusing names of features to witty references to dogs, the platform is fun galore. For instance, the platform will offer free educational resources and courses to its users on blockchain technology, decentralized finance, and cryptocurrencies via its two initiatives, University of Barkington and Dogeliens Academy. At the University of Barkington, users could enroll themselves in a diverse program to learn everything under the sun about NFTs, DeFi, and blockchain technology. Meanwhile, at the Dogeliens Academy, users will be able to access a well-managed virtual classroom to educate them about cryptocurrencies, their scope and the course content would include informational videos and articles. A few areas of the facility would only be accessible by paying a fee or by token holders, but the majority of the facility would be free to use. The platform aims to donate 3% of the earnings made on each transaction to its charity wallet. At the end of each month, the Dogeliens community members would vote on the charities to which the assets would be sent. Cardano: Empowering developers with high-performance dApps The Cardano platform uses a proof-of-stake consensus protocol to enable its users to deploy scalable dApps. The network has its own native token, ADA, that can be used for staking, yield farming, and a host of other transactional purposes on the platform. Token holders also get to decide on key proposals concerning the platform's future development and how the treasury funds are utilised. ADA Token holders can earn rewards by participation either through their own stake pool or by delegating the task of staking to a third party. The quantum of rewards earned by a user depends on the number of tokens that are staked. Synthetix: Permissionless futures trading The platform enables its users to create synthetic assets with decentralized features and grants them exposure to real-world assets on a blockchain system. This way, investors can look forward to permissionless and hassle-free derivatives trading on blockchains. Users can also leverage Synthetix's liquidity and debt pools to get optimal prices with little scope for slippage. Synthetix members can use its native token, SNX, for any transactional purpose that they might encounter on the platform. Investors can earn weekly rewards and collateral with their staking activities. Dogeliens (DOGET) Presale: http://ufo.dogeliens.io/ Website: http://dogeliens.io/ Telegram: https://t.me/DogeliensOfficial 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
4 days agocoindesk
North Korea's Lazarus Hackers Blamed in DeBridge Finance Cyberattack
Company co-founder Alex Smirnov warns all Web3 teams that the phishing campaign is likely widespread.
4 days agocoindesk
Why Bit Digital Is Expanding Into Canada
Bit Digital Chief Strategy Officer Samir Tabar joined CoinDesk TV’s “All About Bitcoin,” to discuss the mining company’s bid to increase hosting capacity in Canada.
13 days agocoindesk
Komainu Receives Provisional Virtual Assets License in Dubai
Komainu joins prominent crypto companies including exchanges FTX and Binance in securing a license to operate in the emirate.
16 days agozycrypto
New Bullish Metric Positions Bitcoin For A Massive Run, Mirroring 2020’s Bull Run
Notwithstanding, the rallies have persisted, and, most recently, a notable analyst has disclosed a bullish metric that is likely to see Bitcoin surge further.
18 days agocryptodaily
Three Arrows Capital Founders Break Their Silence, Reportedly Look to Move to Dubai
The founders of the now insolvent Three Arrows Capital (3AC) Su Zhu and Kyle Davies have broken the silence in an interview with Bloomberg. After almost five weeks in hiding, the disgraced founders gave an extensive interview about the implosion of their once very successful hedge fund, saying “their bungled crypto speculation unleashed cascading margin calls on loans that should have never been made.” Zhu and Davies To Settle in Dubai Per the report, the pair has described the collapse of 3AC as “regrettable,” but has vehemently denied any claims that they pulled money from the fund prior to its collapse. On the face of it, 3AC’s collapse was triggered by the fall of the Terra ecosystems that sent shock waves through the entire crypto market, and investors are claiming that the fund still owes them a whopping $2.8 billion. On Monday, the 18th of July, a court report revealed the full extent of 3AC’s debt following its collapse, with individual claims worth over $1 billion. The founders are still mum on the exact whereabouts, saying that they have received numerous death threats, but one attorney on the call said their ultimate destination is the United Arab Emirates. Zu added, Given that we had planned to move the business to Dubai, we have to go there soon to assess whether we move there as originally planned or if the future holds something different for us. Confluence Of Interrelated One-Way Bets And Borrowing Arrangements Blew Up At Once In the report, Zhu said the reason for the fund’s demise was making leveraged trades with the hope that the crypto market would rebound to its former upside after many years of a bull run. Zhu said, We positioned ourselves for a kind of market that didn’t end up happening. Davies added, We believed in everything to the fullest. We had all of our, almost all of our assets in there. And then in the good times we did the best. And then in the bad times we lost the most. The due say that at the same time, they aren’t outliers. They describe a confluence of interrelated one-way bets and borrowing arrangements that all blew up at once, leading to only their demise, but to the bankruptcy, distress, and bailouts at firms like Celsius, Voyager Digital, and BlockFi. Zhu said, It’s not a surprise that Celsius, ourselves, these kind of firms, all have problems at the same time. We have our own capital, we have our own balance sheet, but then we also take in deposits from these lenders and then we generate yield on them. So if we’re in the business of taking in deposits and then generating yield, then that, you know, means we end up doing similar trades. The pair insist they are cooperating with the relevant authorities while at the same time trying to maintain a low profile. For Kyle and I, there’s so many crazy people in crypto that kind of made death threats or all this kind of noise. We feel that it’s just the interest for everyone if we can be physically secured and keep a low profile. 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.
19 days agocoindesk
Bitcoin Non-Profit ₿trust Launches Africa Open Source Cohort; Names First Developer
Jack Dorsey and Jay-Z funded Bitcoin non-profit welcomes its founding member Vladimir Fomene. He will contribute to the Bitcoin Development Kit and the Swahili Wordlist.
20 days agocryptodaily
Fellaz Paves the Way for Web3 Entertainment Platform for Major K-pop Artists, Influencers, and Fans
Singapore, Singapore, 19th July, 2022, ChainwireFellaz, a multi-chain Web3 entertainment ecosystem, announces the upcoming launch of its social media platform for artists and their fanbases. Through months of preparation, the Fellaz team has onboarded notable entertainers and pop stars from Korea, Japan, Southeast Asia, and the rest of the world. In preparation for their launch, the Fellaz team held an exclusive opening event, ‘Fellaz by the bay’ on July 14th at Sentosa Island, Singapore. The platform’s Chief Producer, Felix (BAYC#8169) hosted the event and many notable investors and companies including Binance, Warner Music Group, Rakuten, GS Ventures, IDEG, JAB Consumer Fund, Norge’s Bank, Krust, Republik, Le Freeport, Coin Hakko and more were in attendance. The event revealed several famous K-pop stars, whose combined fanbases top several million. The event also showcased ‘Uptown Boy’, an original song co-produced by Fantagio and performed by Miu, Fellaz’s first metaverse-native K-pop idol. Lastly, the event coordinators held an auction for exclusive Fellaz merch to support a local cause in Singapore. Fellaz has the ambitious mission of defining and paving the way for a Web3 entertainment ecosystem. The project will help users from the entertainment industry transition from Web2 to Web3 through a Web3-native infrastructure. Fellaz hopes to empower influencers, artists, and fans by providing them the tools to monetize their potential instead of using traditional Web2 platforms that rely on (and sometimes exploit) these fan communities for revenue. In this new environment, artists and users will have shared ownership over their creations and derivations in the form of immutable NFTs stored on the blockchain. The platform will use a metrics-based compensation system to determine fan participation and contribution. This will lead to an incentivized and sustained fanbase, furthering the artist's reputation. Fellaz’s decentralized social media platform will feature individual feeds where artists can post images, videos, and audio recordings for their fanbases. Fans can comment, like, mirror (repost), and interact with their favorite artists. They can also purchase subscriptions, which give them access to premium content and platform-native NFTs called Lightsticks. Fans can gain experience points or XP, and level up their collection of Lightsticks by engaging in a set of actions that show their support. Since Fellaz is an S2E or support-to-earn platform, fans who level up their lightsticks will earn more $FLZ as they interact with their favorite artists. Fellaz is also a C2E or create-to-earn platform allowing artists to earn $FLZ by engaging their fanbase and subscribers with original and premium content. Fellaz also plans on expanding its platform through a proprietary blockchain ticketing solution for both IRL and metaverse concerts, fan meetings, and other related events in entertainment and sports. In addition, Fellaz will be launching priority minting access to NFTs of their metaverse-native stars, limited-edition goods, exclusive airdrops from partners, a live chat feature, personalized NFTs for fanbases, and a leaderboard to rank artists much like Billboard does with music artists. Bobby Bhatia, CEO of Fellaz, commented, “We look forward to starting our journey in the Web3 entertainment space and will do our best to nurture and cultivate a vibrant community of artists, influencers, and fans.” About Fellaz Based in Singapore, Fellaz is a multi-chain Web3 entertainment ecosystem providing content production and distribution for the metaverse, an NFT solution for artists, and a decentralized fandom community infrastructure. Alongside its network of global partners, Fellaz is a one-stop solution and ecosystem designed to help businesses, creators, and fans transition into the Web3 entertainment space by taking the best from the metaverse, decentralization, and NFT blockchain technology and integrating them with original content and Web3 diversification. About Bobby Bhatia Fellaz CEO, Bobby Bhatia, is a seasoned finance and technology professional, mentor, and entrepreneur with over 25 years of public and private investment experience. From FinTech to EdTech to financial services and blockchain technology, Bobby is a pioneer in digitally transforming and disrupting industries to create a more equitable world. After graduating from Duke and completing a Young Scholars program at Stanford, Bobby has worked in private equity throughout Asia since 1995. He also was the principal head investor at AIG, and Principal and Founding Member at JP Morgan Partners Asia. Moreover, Bobby is a board member at Palma Capital (Dubai), Bharat Light & Power (India), Livesports (Singapore), and Sentinel Capital (Singapore). For more information about Fellaz: Website | Twitter | Telegram | Medium| Discord| LinkedInContactsBobby [email protected]
20 days agocryptodaily
Asia-focused multi-currency stablecoin protocol, Bluejay Finance, raises $2.9M in funding
Singapore, Singapore, 20th July, 2022, ChainwireBluejay Finance, a capital-eff icient decentralized stablecoin protocol for issuing stablecoins pegged to real-world currencies, has raised $2.9M in funding from Zee Prime Capital, C2 Ventures, Stake Capital Group, RNR Capital, Daedalus Angels, Moonlanding Ventures, Oval Ventures, and more, with operator-angels including DeFi projects like Ribbon Finance, Flux, Voltz, and Alpha Venture Dao. Founded in 2021, Bluejay Finance aims to build an avenue for investors to have more stablecoin solutions centered around currencies other than USD in the DeFi space. It plans to use its funds for team development and stablecoin deployment, focusing on Asian stablecoins, such as the Singapore Dollar and the Philippine Peso, and will distribute them through partners like DeFi protocols, decentralized exchanges, centralized exchanges, and fintech companies. In doing so, this will allow investors to have a more inclusive, locally-familiar medium of exchange that limits foreign exchange risk and exchange fees. Highlighting financial inclusion in Asia With 60 percent of Southeast Asians being underbanked or unbanked, and 70 percent of Southeast Asian workforce lacking in bank accounts, there’s a clear need to prioritize financial inclusion. Often, there’s been a lack of formal credit history hindering access to capital for MSMEs, and a general lack of urgency and awareness around possessing a personal savings account. Fortunately, there have been recent opportunities for Asia, thanks to the region’s strong mobile penetration driving a variety of financial services and payment gateways for both individuals and businesses. Improving financial inclusion with Asia-focused stablecoins Stablecoins can play a meaningful role in the future of financial services in Asia. However, most stablecoin solutions are centered around USD and are not suitable for real world usage where transactions are denominated in local currencies; this means that users do not have a choice of having exposure to currencies other than USD in the DeFi space, which exposes users to extra costs, forcing them to use unfamiliar currency. By having stablecoins of different currencies around the world on the blockchain, Bluejay Finance lowers the barrier for businesses and individuals in these countries to transact and minimizes currency exchange risk, making payments and access to capital easier and more efficient. “DeFi summer was the first wave of innovation, driven by yield farming. Despite the current state of the markets right now, we are incredibly bullish that the next cycle will be driven by sustainable, real use cases that solve a true need. Therefore, Bluejay remains focused on building products and partnerships that will enable these sustainable use cases of stablecoins and bring in the next billion users into DeFi,” says Sherry Jiang, founder of Bluejay Finance. Julien Bouteloup, founder of Stake Capital Group, comments, “Over the course of the past few years, stablecoins have proven to be a fundamental primitive within DeFi. However, most stablecoins have revolved around the US dollar. For crypto to branch into use cases like real world payments and money markets, it needs to have stablecoins that people in local economies can seamlessly transact with, such as the Euro and Singapore Dollar. Bluejay is positioned to address this need, which will only continue to grow as DeFi matures.” Recently, Bluejay Finance announced its partnership with Silta Finance, a protocol focused on sustainable real world assets, and plans to announce more partnerships in the coming weeks on both its Twitter and Discord communities. About Bluejay Finance Bluejay Finance is building an Asia-focused capital-efficient protocol for multi-currency stablecoins. The aim is to mirror the foreign exchange market in the fiat world onto the blockchain, in order to accelerate financial inclusion and access to DeFi for all users and businesses. Pre-seed investors include Entrepreneur First and Global Founders Capital.ContactsGeoff [email protected]
21 day agocryptodaily
New Blockchain-Based Gaming IP ‘Emboldn’ Promises Gameplay-First Experience
Toronto, Canada, 20th July, 2022, ChainwireNirvana Interactive Inc., a promising new Blockchain game development company, with a presence in Singapore, Dubai, and Canada, has raised a total of US $2.5 million from industry-leading investors in its seed round. The investments were co-led by Megala Ventures, Momentum 6, Polygon Studios, Unix Guild, Vendetta Capital, ABA, WTMC, and a few individual investors. The Nirvana Interactive team is made up of game developers from AAA Gaming heavyweights Ubisoft and Electronic Arts, who have worked on lasting titles such as Assassin’s Creed, Far Cry, Just Dance, FIFA, Need for Speed, Ghost Recon, and Skull and Bones, among others. Centered on the belief that storytelling is at its most powerful in a fun, collaborative, digital ecosystem, – Nirvana Interactive has created a new IP, presenting a new universe for a diverse, global gaming community.Nirvana Interactive’s flagship IP ‘Emboldn’, promises to be an exciting new step in the Blockchain Gaming arena, where a new IP with a rich story, a gameplay-first experience, and a well-balanced game economy is yet to be seen. Unlike a lot of other players in this space, what also sets the Emboldn IP apart is the fact that it tips its hat to significant Crypto communities worldwide – where each character in the game embodies the core values that each Cryptocurrency community possesses. There is a character named Biito who represents maximalists in the BTC community, and another character called Faith who represents the Doge community, among many others. Their unique roles and story in the Emboldn universe mirror the unjust polarities found in societies around the world – and bring us tales of rebellion against corrupt, hollow systems and injustices. All the characters in Emboldn will be part of a grander narrative that will be told through different mediums. “Nirvana Interactive and their Emboldn IP seems to be bringing something new to Blockchain gaming and the AAA fighting games genre. Their focus on creating a narrative-rich universe should appeal to players globally and it’s something we’re proud to support.”said Quyet Huynh, Co-founder of Megala Ventures. On 30th June 2022, Nirvana Interactive released ‘Emboldn – The Awakening Vol. I’ – a comic book that marks the beginning of the Emboldn IP, evolving into a series of comic books, a web-game, and a AAA fighting game - all within the Emboldn universe. This first issue of the Emboldn comic book is free to read at Emboldn.io and will introduce you to an exciting new universe that’s all yours to step into. Join their community on Discord and Telegram to stay updated on the project’s development. About Nirvana Interactive Nirvana Interactive is an interactive entertainment company committed to creating immersive digital experiences for an ever-growing community of players. They are gamers, developers, dreamers, fans, and creators all rolled into one. For more information about the company and the project visit: Twitter | Facebook | Discord | Telegram | Reddit | YouTube | TikTok | Instagram | Medium | LinkedInContactsNirvana [email protected]
21 day agocryptodaily
Crypto Daily - Daily Crypto And Financial News 19/07/2022, Ethereum Merge Happening On September 19
Russia bans paying for things with crypto or NFTs. Last week, Russian President Vladimir Putin signed into law a ban on all digital payments in the country, a far-reaching move that heralds a shift in how cryptocurrencies and blockchain-based payments are carried out in the country. Will it be worth it? The lawsuit between the SEC and Ripple has been active for over 2 years now. The CEO, Garlinghouse, recently shared that Ripple will have spent more than $100M on the lawsuit with SEC till it gets over. Ethereum targets Sept. 19 for GPU-based mining switch. "The developers behind Ethereum remain confident the cryptocurrency will phase out GPU-based mining soon,but it won’t occur next month as originally thought. Instead, the Ethereum community is targeting the week of Sept. 19 as a “potential” date to kick off The Merge." BTC/USD skyrocketed 5.5% in the last session. The Bitcoin-Dollar pair exploded 5.5% in the last session. The MACD is giving a positive signal. Support is at 20151 and resistance at 21981 The MACD is giving a positive signal. ETH/USD exploded 10.2% in the last session. The Ethereum-Dollar pair gained 10.2% in the last session after rising as much as 14.1% during the session. The Stochastic-RSI indicates an overbought market. Support is at 1286.6667 and resistance at 1410.9067. The Stochastic-RSI is signalling an overbought market. XRP/USD exploded 4.4% in the last session. The Ripple-Dollar pair exploded 4.4% in the last session. The Stochastic indicator gives a positive signal. Support is at 0.3303 and resistance at 0.3678. The Stochastic indicator is currently in positive territory. LTC/USD skyrocketed 2.4% in the last session The Litecoin-Dollar pair gained 2.4% in the last session after rising as much as 6.3% during the session. The RSI is giving a positive signal. Support is at 53.1867 and resistance at 58.2667. The RSI is currently in positive territory. Daily Economic Calendar: UK Claimant Count Change The Claimant Count Change presents the change in the number of unemployed people in the UK. The UK's Claimant Count Change will be released at 06:00 GMT, the UK's ILO Unemployment Rate at 06:00 GMT, the Eurozone's Construction Output at 09:00 GMT. UK ILO Unemployment Rate The ILO Unemployment Rate is the number of unemployed workers divided by the total civilian labor force. EMU Construction Output The Construction Output report captures the construction industry's output, in both the private and public sectors. US Redbook Index The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers. The US Redbook Index will be released at 12:55 GMT, Australia's RBA Meeting Minutes at 01:30 GMT, the US Housing Starts at 12:30 GMT. AU RBA Meeting Minutes The minutes of the Reserve Bank of Australia meetings give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. US Housing Starts The Housing Starts captures how many new single-family homes or buildings were constructed. It is a key indicator of the housing market. 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 agocointelegraph
Dubai to ramp up metaverse efforts with 40,000 new jobs
The emirate launches its Dubai Metaverse Strategy to create more than 40,000 virtual jobs by 2030.
24 days agocryptodaily
Unique "Ultra-Deflationary" Project, Uniglo (GLO) Begins to Gain Momentum Alongside Bitcoin (BTC), Cronos (CRO), and Chainlink (LINK)
The price of Bitcoin (BTC) has yet to show signs of a full recovery. However, the weekly timeframes for the crypto king demonstrate a possibly weakening bearish sentiment. A few known cryptos like Cronos (CRO) and Chainlink (LINK) are also gaining momentum, including a newcomer that shows promise of price gains and long-term asset appreciation. Uniglo (GLO) Uniglo is a new social currency project and a decentralized autonomous organization (DAO) protocol designed to empower its community. Its tokenization involves an ultra-deflationary model with two parts–a standard burning model and an Ultra-Burn Mechanism. The Uniglo protocol has a digital asset vault that will contain digital currencies, NFTs, digitized gold, and real-world collectibles. As such, it is attracting prospective investors who want their portfolio to consist of tokens and assets that help counter volatility and can hold their position in a bear market The first presale period of Uniglo runs from the 15th of July until the 15th of August. Bitcoin (BTC) As the most ubiquitous crypto in the world, Bitcoin has been severely affected by the general economy and external environmental factors. It has struggled for many weeks, with its price falling below $20,000. During the previous week, however, the price of BTC went over $21,000, which could be a sign that the bearish momentum is waning. While the price could still fall further in the coming weeks, CoinShares Chief Strategy Officer Meltem Demirors says BTC could reach new all-time highs within the next two years. Cronos (CRO) Developed by Crypto.com, Cronos (CRO) is an Ethermint-based blockchain that supports smart contracts and decentralized applications. The price of its utility token, CRO, entered an all-time low in June, which equated to a drop of 89% from an all-time high price. However, Cronos offers a lot to the market. Staking, crypto buying and selling, and financial trading tools are just some of its applications. As such, it has a growing community that will support the growth of its token. Chainlink (LINK) Chainlink is an oracle network that powers hybrid smart contracts. It notably supports the transfer of tamper-proof data from outside sources. Similar to Bitcoin and Cronos, the price of Chainlink’s token, LINK, is also struggling in the bearish market. During the past weeks, its token price decreased by 84% from its November all-time high. The network’s total value secured (TVL) also dropped from $60 billion to $14.3 billion. But because of its market position as a Web3 oracle services provider, Chainlink’s user count continues to grow and shows promise of recovery. Final takeaway The prices of major coins and tokens continue to suffer as the general economy faces a possible recession. Though there is hope that the bearish momentum is slowing down, investors should look to new crypto gems that could bring more gains in the coming months than established cryptos. Find Out More Here: Join Presale: https://presale.uniglo.io/register Website: https://uniglo.io Telegram: https://t.me/GloFoundation Discord: https://discord.gg/a38KRnjQvW Twitter: https://twitter.com/GloFoundation1 Disclaimer: This is a sponsored pressrelease andis 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 agocryptodaily
Finding Gnox (GNOX) Now Could Be Your Ticket To Millionaire Status, Like Solana (SOL) And Shiba Inu (SHIB) Of Last Year
The crypto asset class continues to advance at a breathtaking speed, with new projects constantly pushing the boundaries of what is possible. With this constant development and growth, the potential to find projects that go on to 100X is genuine. And two notable examples of cryptos that made staggering runs throughout 2021 are SOL and SHIB. These cryptos made plenty of millionaires, and this article features a new crypto project that has the potential to make a fresh wave of millionaires. Gnox (GNOX)Gnox is a protocol coming to the BSC (Binance Smart Chain) set to democratise DeFi (decentralised finance) earnings. Participating in DeFi is a complicated process fraught with dangers due to the number of bad actors within the sphere; simultaneously, it is the best way to earn passive income with crypto holdings. Gnox brings the ability to earn within DeFi to a broader audience by introducing its single investment vehicle, GNOX. The Millionaire PotentialGnox is currently heavily underpriced. The market has not factored in the token's residual income, which makes Gnox a crypto gem. The protocol provides monthly stablecoin payouts to its investors by deploying the protocol’s treasury within battle-tested DeFi protocols; the treasury is funded via buy and sell taxes and is set to accumulate with time, meaning greater and greater payouts. When the market understands this project's passive income opportunity, the value of GNOX will skyrocket. Solana (SOL)The Solana network went live in March 2020, and the initial price of SOL was $0.22 during its public auction in the same month. Solana is a network built with one purpose: to be the fastest. Solana’s developers have risen to meet his goal admirably, and the Solana network is undoubtedly one of the fastest networks within the crypto sphere, if not the fastest. Solana is a real competitor for tomorrow's blockchain due to its scalability and the ability to handle millions more participants on the network. SOL went on a rampage throughout 2021, reaching a peak of $260 in November 2021. Just an $850 investment during the public auction would have yielded more than $1,000,000 if sold at the peak. Shiba Inu (SHIB)Shiba Inu, often referred to as the ‘Dogecoin Killer’, differentiates itself from its predecessor with its utility. Due to Shiba Inu being built on the Ethereum network, it has smart contract capability and thus can run decentralised applications, making it much more versatile than Dogecoin. It features its own exchange known as ShibaSwap. And SHIB was hands down one of the best investments of 2021. SHIB gained more than 46,000,000% throughout 2021 and created plenty of millionaires. Final Thoughts Finding a project with the potential to make millionaires is all about timing, and those who see the most bountiful rewards are always those who invest early on. Timing is everything and finding tokens before they reach the open market is challenging but well worth the labour. Will Gnox go on to create another batch of millionaires? Only time will tell. Find Out More Here:Join Presale: https://presale.gnox.io/registerWebsite: https://Gnox.ioTelegram: https://t.me/gnoxfinancialDiscord: https://discord.com/invite/mnWbweQRJBTwitter: https://twitter.com/gnox_io Disclaimer: This is a sponsored pressrelease andis 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 agozycrypto
It’s Official — President Vladimir Putin Signs Law Outlawing Crypto Payments In Russia
Russian President Vladimir Putin signed a bill that makes crypto payments illegal, which will be a blow to the $940 billion asset class in the world’s 11th-largest economy.
25 days agocryptosrus
Vladimir Putin signs bill banning digital assets as payments into law
Covered: Putin Signs Bill Into Law Previous Russian Crypto Announcements Putin Signs Bill Into Law Russian President Vladimir Putin has signed a bill into law prohibiting digital financial assets as payments more than a month after it was introduced to the country’s lower chamber of parliament. In a Thursday update, the Russian State Duma noted […] The post Vladimir Putin signs bill banning digital assets as payments into law appeared first on CryptosRus.
25 days agocoindesk
Vladimir Putin prohíbe pagos digitales en Rusia
Firmó un decreto que agrega esta medida a la previa prohibición de pagos con criptomonedas en el país.
25 days agocointelegraph
Vladimir Putin signs bill banning digital assets as payments into law
Russia’s Parliament is also considering two other bills related to digital assets: regulating miners’ activities, and requirements for firms handling crypto transactions.
25 days agocoindesk
Vladimir Putin Bans Digital Payments in Russia
Russia president Vladimir Putin has signed a bill that adds to a previous prohibition against cryptocurrency payments in the country.
26 days agocryptodaily
Crypterium Becomes Choise.com, the MetaFi Ecosystem Connecting CeFi and DeFi
London, UK, 15th July, 2022, ChainwirePopular crypto wallet Crypterium has rebranded to Choise.com and declared its intent to connect the worlds of centralised and decentralised finance. Its new mandate will see Choise.com evolve into a MetaFi ecosystem that gives users exposure to the best elements of CeFi and DeFi. Since its launch in 2017, the company has grown rapidly, expanding its ecosystem with new products and services. In the process, Crypterium has evolved into much more than a mere cryptocurrency wallet. The rebrand marks the greatest milestone in the project's history. Choise.com represents a massive leap forward, transforming Crypterium into an innovative digital asset ecosystem that will give its users greater choice and financial freedom than ever before. Choise.com's maiden mission is to create the industry’s first MetaFi ecosystem. By combining centralised and decentralised finance products and services, its platform gives users the choice to earn more on their coins through yield farming, DEXs, liquidity pools, and lending protocols. The new-look platform promises an intuitive user experience, state-of-the-art security and customer support, and a single marketplace to suit the needs of everyone from newcomers to veterans. "When I launched Crypterium back in 2017, one of the main challenges was to connect traditional banking with the then-new and unexplored blockchain technology. At the time, our goal was to create a neobank for crypto and make digital assets simpler for users. As we have developed alongside the cryptocurrency market, our mission has broadened. Now, we do not only want to simplify access to crypto but also to provide users with new ways to earn more. To achieve that, we are building the Choise.com MetaFi ecosystem that seamlessly connects CeFi and DeFi across multiple blockchains, protocols, wallets, and liquidity pools with the same convenience as our clients have already been enjoying on Crypterium," - Vladimir Gorbunov, Founder and CEO of Choise.com, shared more about the company's vision in a founder's letter. Choise.com will aggregate crypto solutions under one roof, making it possible for newbies and pros to generate revenue on their digital assets. Its battle-tested CeFi services provide a convenient way for clients to store, exchange, invest, and spend their digital assets with the Crypterium Debit Card, bank transfers, and seamless fiat on- and off-ramps. This will be complemented by the Charism protocol that gives users access to decentralised finance tools, protocols, and dApps to generate revenue above current market rates without facing the complexity of DeFi. Users can also leverage CHO, Choise.com's native token, to maximise their profits with yield farming and staking by receiving additional APY from intelligent wealth management and CHO airdrops. Furthermore, Choise.com's crypto price insurance product allows customers to fix a guaranteed minimum price when purchasing digital assets (currently, the service is only available for BTC and ETH). This way, if the price of a given cryptocurrency appears to be less than the insurance price at expiry, the user's losses will be covered by the insurance. At the same time, users can leverage dual-currency interest accounts to earn high returns through an income-generation yield strategy. After purchasing the short-term investment product with BTC or ETH, Choise.com will assess how the settlement price (the price of BTC or ETH at the time of the settlement) compares with the linked price at expiry. If the prior is higher than the latter, the user receives his return in the investment currency (BTC or ETH). On the other hand, when the settlement price is lower than the linked price, the platform will distribute yield in the USDC stablecoin. About Choise.com Choise.com is the first-ever MetaFi ecosystem that combines the best of the CeFi and DeFi worlds under a single, user-friendly platform. Choise.com is the evolution of Crypterium, serving over 700,000 registered users and with a €230 million turnover in 2021. With the recent rebrand, the company seeks to offer its clients the most profitable and exciting opportunities to earn crypto via centralised and decentralised finance solutions alike. Learn more: https://choise.com/ContactsAlyona [email protected]
28 days agocointelegraph
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29 days agocryptopotato
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The massive reduction of liquidity in the crypto market lately has also led to the declined demand for borrowing, resulting in yield compression, Demirors said.

About Mirror Protocol

The live price of Mirror Protocol (MIR) today is 0.224186 USD, and with the current circulating supply of Mirror Protocol at 880,627,470 MIR, its market capitalization stands at 197,424,275 USD. In the last 24 hours MIR price has moved -0.009978 USD or -0.04% while 7,780,530 USD worth of MIR has been traded on various exchanges. The current valuation of MIR puts it at #165 in cryptocurrency rankings based on market capitalization.

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

Launched by Terraform Labs (TFL) in December 2020, Mirror Protocol is a DeFi (Decentralized Finance) protocol powered by smart contracts deployed on the Terra blockchain. It facilitates the easy creation of synthetic assets referred to as mAssets (Mirrored Assets), which mimic the price action of their corresponding assets in the real-world. This gives traders located anywhere in the world seamless access to an asset’s price action, without having to actually own or transact it. Furthermore, traders can obtain instant fractional ownership of real-world assets, and trade them globally and freely, in a censorship-resistant environment, just like any other cryptocurrency.

mAssets created using Mirror Protocol are meant to be portable and composable across multiple blockchains, including BNB Smart Chain, Ethereum and Terra. Mirror Protocol’s development and roadmap is overseen by its community, with its markets maintained by the protocol’s users, through MIR incentives. The protocol has been continuously evolving owing to new ideas generated and implemented through its democratic governance.

MIR price

While MIR price action is greatly influenced by the broader crypto market sentiment, it’s also affected by the market outlook for its parent blockchain, Terra, as well as crypto coins belonging to the Terra ecosystem. 

MIR coin traded well under $2 after its launch in December 2020, and continued that way until late January 2021, when it broke out of $2 resistance for the first time. Around this time, the wider crypto market was preparing for a major bull run. An upswing followed, which catapulted MIR price to an all-time high of $12.90 on Apr 10, 2021. MIR’s fully diluted valuation stood at close to $4.8 billion that day.

A corrective phase followed, with Mirror protocol price retracing to a little over $3 by late May 2021, and further down to $2.5 in late July that year. Unlike other cryptocurrencies which registered noteworthy highs during 2021’s second bull run in November that year, MIR coin continued its lean phase, trading mostly in the vicinity of $3. It closed the year 2021 at a valuation of a little under $2.5. The turn of the year didn’t help MIR coin, as it maintained its downward trend, plummeting under $1 in late February 2022. However, the death blow came post the stablecoin UST’s crash in May 2022, which sent MIR coin’s price tumbling down to an all-time low of $0.19, on May 13, 2022.

How MIR works

Mirror Protocol’s mAssets are minted in a decentralized environment, with the network’s users opening a position (CDP – Collateralized Debt Position) and depositing a certain amount of collateral in return. Mirror Protocol makes sure that the deposited collateral is always sufficient for covering the concerned mAsset, while also managing the mAsset markets by listing them against UST (TerraClassic USD) on TerraSwap.

Price oracles play a crucial role in the minting of mAssets. They help ascertain the exact amount of collateral needed for minting an mAsset, and also continuously check if there’s sufficient collateral backing the concerned mAsset or not, at any given point of time. 

MIR, the governance token of Mirror Protocol, must be deposited/staked by the users in order to obtain the right to float and vote on governance proposals. These MIR stakers are rewarded with MIR fees paid by the users who withdraw collateral from their CDP positions. The token is also used to incentivize Mirror LP token stakers.

Having been built on Terra blockchain, Mirror Protocol inherits all of Terra’s security features, including its Proof-of-Stake consensus mechanism.

MIR news, updates and highlights

In January 2021, Terraform Labs raised $25 million from some big names, including Coinbase Ventures, Pantera Capital, Galaxy Digital and others. TFL’s co-founder Do Kwon stated that they’d use the funds for developing Mirror Protocol’s infrastructure for synthetic assets, as well for their other DeFi products.


In more recent MIR news, the coin’s price faced a major setback post the crash of stablecoin TerraUSD (UST), as well as LUNA, the native coin of Mirror Protocol’s parent blockchain. On May 7, 2022, UST, the third-largest stablecoin at one time (by market cap), started wobbling and lost its $1 peg, trading at a mere $0.35 by May 9. LUNA, the Terra blockchain’s native coin which was meant to stabilize the UST price, also lost significant ground, and plummeted down from $80 to a few cents by May 12. This development sent MIR price crashing to an all-time low of $0.19 on May 13, 2022.

Frequently asked questions about MIR

  • Can I stake MIR cryptocurrency?

Yes, you can stake MIR tokens to earn staking rewards as well as governance rights for Mirror Protocol.

  • Which are the best wallets for MIR?

Some of the top MIR wallets include Mirror Wallet, MetaMask, Terra Station and Ledger. 

  • What can I do with MIR?

You can stake your MIR tokens to earn staking rewards and participate in Mirror Protocol’s governance. MIR can also be traded against other coins on established crypto exchanges.

  • How do I purchase MIR?

The ideal way to buy MIR is from well-known crypto exchanges, using popular trading pairs like MIR/USDT, MIR/XRP, MIR/ETH, MIR/BTC and others.

Mirror Protocol Price0.224186 USD
Market Rank#165
Market Cap197,424,275 USD
24h Volume5,450,980 USD
Circulating Supply880,627,470 MIR
Max Supply1,300,000,000 MIR
Yesterday's Market Cap199,879,900 USD
Yesterday's Open / Close0.236952 USD / 0.226974 USD
Yesterday's High / Low0.257159 USD / 0.223387 USD
Yesterday's Change
-0.04% ( 0.009978 USD )
Yesterday's Volume7,780,530 USD
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