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MovieBloc price, market cap on Coin360 heatmap


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0.00000020 BTC
Market Cap (Rank#312)
2,816 BTC
Vol 24h
32.4158 BTC
Circulating Supply
Max Supply
3h agocryptodaily
W3 Storage Lab Raises $3m in Pre-seed Round
Sunnyvale, CA, 18th August, 2022, ChainwireSoftware Developer to Create a Suite of Killer dApps that Leverage Next-Generation Protocol and Marketplace for Decentralized Storage W3 Storage Lab, a Web3 decentralized application company, announced that it closed a pre-seed financing round of $3M. The round was co-led by Draper Dragon and OKX Blockdream Ventures with major participation from Lingfeng Capital and participation from other investors. Proceeds from the round will be used to grow its global team and fund operations. W3 Storage Lab has co-developed a next-generation distributed storage ecosystem that is based on the public blockchain and cyfs:/. cyfs:// is a next-generation protocol that re-invents basic Web protocols – TCP/IP, DNS, and HTTP – to create the infrastructure necessary for the complete decentralization of Web3. It has been in development for over 7 years, practically eliminates latency in file retrieval – a huge problem with current decentralized storage solutions – and has infinite scalability. cyfs:// has recently been open sourced and is now available to the public. To facilitate a more efficient market for decentralized storage, W3 Storage Lab has also worked closely with the DMC Foundation as a major developer of the Datamall Coin ecology. The Datamall Coin is a cryptocurrency that has been carefully designed to accurately reflect the true value of decentralized storage, properly incentivize suppliers of decentralized data, stimulate demand for storing real data in a decentralized manner, and create a highly efficient market for buyers and sellers of decentralized storage. The DMC token is already on Testnet and will be released to Mainnet in the near future. W3 Storage Lab is developing a series of killer applications for both consumers and enterprises that will make heavy use of decentralized storage. These applications will leverage the unique capabilities of cyfs://, and will be announced in the coming weeks. “Web3 has a ton of promise. But other than speculative trading – of both coins and NFTs – very few Web3 applications have delivered meaningful value to everyday consumers,” said Xinglu Lin, CEO of W3 Storage Lab. “We’re going to change that. The cyfs:// protocol gives us a ton of power to design a series of applications that will deliver compelling and lasting value to online consumers around the world.” “We’re very excited to partner with W3 Storage Lab," said Richard Wang, Managing Director of Draper Dragon. “They’ve assembled a top-notch team with a clear vision on how they want to positively impact the internet and the world. They’re developing some real break-through technology, and the market desperately needs their solutions. Look for some more ground-breaking announcements from W3 Storage Lab soon.” “An effective and efficient decentralized storage system is a core infrastructure to sustain the next stage of growth and user adoption for the Web3,” says Dr. Ming Shu, partner at Lingfeng Capital. “We are thrilled by the prospect that W3 Storage Lab will be the player to deliver a series of products that take the user experiences to a new level.” The W3 Storage Lab team has developed technology that accounted for more than 50% of all global P2P traffic and has issued a combined total of over 15 blockchain tokens. Xinglu Lin, CEO and Co-Founder, was the co-founder of 2 highly successful start-ups in China and is a prominent name in the Chinese internet sector. Zhicong Liu, Founding Engineer, architected cyfs://. Victor Chen, COO and DMC Foundation Chair, was CTO of Unisplendour, an internet infrastructure provider, and previously worked in IBM Networking. Thi Thumasathit, VP Marketing, is an experienced builder of early-stage Silicon Valley start-ups with experience in B2C, enterprise SaaS, cybersecurity, and ad:tech, as well as consulting experience at McKinsey & Company. About W3 Storage Lab W3 Storage Lab is a Web3 decentralized application company headquartered in Sunnyvale, CA with operations around the world. Its mission is to leverage the power of Web3 to help people manage, control and protect their own data. W3 Storage Lab is led by an executive team with a highly unique blend of P2P networking experience, blockchain expertise, and entrepreneurship. It is funded by Draper Dragon Fund, OKX Blockdream Ventures, Lingfeng Capital, and other investors. For more information, visit About Draper Dragon Fund Founded by Larry Li, Andy Tang, Bobby Chao, and Tim Draper in 2006, Draper Dragon is a cross-border venture fund that connects Silicon Valley and Asia. Draper Dragon has offices in Silicon Valley, Toronto, Shanghai, Hong Kong, Singapore, and Bangalore and has RMB, USD, and digital assets funds. Draper Dragon looks for early-stage companies that would disrupt and transform their industry landscape, and the fund and its partners have seeded and invested in many technology unicorns such as Microport Medical (HKSE: 0853.HK), Ledger, Yeepay, Coinbase (Nasdaq: COIN), Otter, 1047 Games, VeChain ($VET), Jing Jin Electric (SHA: 688280), IOTEX ($IOTX), QTUM ($QTUM), Oasis ($ROSE) among others. Draper Dragon is an active investor in the digital assets, IT, and healthcare space, and a core member of Draper Venture Network. Draper Dragon draws upon the substantial resources and capabilities developed over two decades of venture capital investing, and startup company building. About OKX Blockdream Ventures OKX Blockdream Ventures is an investment institution under the worldwide top trading platform, which focuses on exploring the best blockchain projects on a global scale, supporting the most cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and focusing on long-term structural value investment. For more information, visit About Lingfeng Capital Founded in 2015, Lingfeng Capital is a leading venture capital investor focusing on global technologies that empower digital finance and digital transformation of the economy, primarily in Greater China, with targeted exposure in the UK/EU/ASEAN. Lingfeng Capital invests in high-impact applications of industrial Internet/IoT space and enabling technologies that drive the trend of industrial digital transformation, such as AI, blockchain, cloud, data, security, and high-performing computing. In May 2022, Lingfeng Capital launched Lingfeng Innovation Fund (“LIF”), a new fund dedicated to investing in global early-stage Web 3.0 ventures, and enabling Web2.0 elites with Web3.0 expertise, collaborating with Web2.0 and 3.0/Crypto leaders and reputable VCs. LIF is a thesis-driven fund run by the industry’s most frontlined investors and provides first-hand support to accelerate project growth.ContactsVP MarketingThi ThumasathitW3 Storage [email protected]
4h agocryptodaily
Optimism Under Fire After Unannounced $450 Million Fund Transfer
Layer-2 scaling solution Optimism came under heavy criticism after the platform made an unannounced movement of funds, leading to rumors that its multisignature wallet had been compromised and the funds were drained from it, causing significant panic among investors. Token Value Registers Significant Drop As rumors about the hacking of Optimism’s multisignature wallet spread, the OP token, which is the protocol’s native token, registered a brief but significant crash, falling by 10% in a matter of minutes, according to available data. However, it was able to make a quick rebound. The drop was a result of the panic amongst investors, as the token dropped to $1.25. Optimism Issues Statement The transaction that led to the panic and the resulting drop in token value was made at 20:45 TSI, with tokens worth $450 million transferred to a set of different wallets. Hours after the transfer, the Optimism team issued a clarification on Discord, stating that the fund movements were pre-planned Coinbase Study-related transfers to designated investor wallets. Data from Etherscan confirmed that the value of the data transferred was around $450 million. The team later took to Twitter to issue a clarification in an attempt to dispel the confusion that had built up while also stating that the team would announce large transfers in the future to avoid a repeat. “We’re seeing some confusion about recent transfers of OP out of a multisig. This is expected—today, we executed a series of planned standard transfers to the Coinbase Custody wallets of various investors in OP Labs PBC. We will announce large planned transfers ahead of time to avoid further confusion going forward. To further clarify: this was not a token unlock or a change in the circulating supply--just the first L2 supported by @coinbase custody. Apologies for not communicating about this transfer beforehand.” After the statement, the price of the OP token rebounded, rising to $1.34, only slightly below its pre-crash levels. Users Slam Protocol Optimism understandably came under considerable flak on Twitter, thanks to their unannounced operations, which spread panic among the community. The rumors of the hack only exasperated an already volatile situation, as users scrambled to understand if the protocol was indeed under attack. Founder of Rotkiapp, @LefterisJP, stated on Twitter, “You are transferring $450m of tokens in a public blockchain without any notice. Guys, please make an announcement well in advance. We were all scrambling to figure out if something was wrong.” Chris Blec also took to Twitter to criticize the protocol, commenting, “Who is providing oversight on these massive transfers? How do OP holders know that Optimism multisig isn’t screwing them by misappropriating tokens? They just have to “trust the team”?” 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.
15h agocoindesk
Market Wrap: Bitcoin, Ether Prices Slide for Fourth Consecutive Day
BTC prices continued to trade down but within a narrow trading range. Bitcoin (BTC) fell 2% on Tuesday, its fourth consecutive daily decline.The largest cryptocurrency by market capitalization has dropped 6% since crossing $25,000 briefly on Aug. 14.Ether’s (ETH) price also tumbled for a fourth consecutive day, dropping 1.2% over the past 24 hours. The second-largest cryptocurrency by market capitalization behind bitcoin is now down 8% from the psychologically important $2,000 level it last cracked on Aug. 15. Ether has flirted with $2,000 for much of the past week after dropping below $1,000 earlier this summer.
1 day agozycrypto
“I Bet Big, And I Think I Lost,” Do Kwon Speaks On Terra’s Crash
Do Kwon now admits to his losses, maintaining that Terra was a big gamble that failed.
1 day agocryptodaily
400% Growth in Bear Market, MDB Launch Xenia with Superb Results
There has been a degree of uncertainty within the cryptocurrency realm as of late, with the current bear market seeing Bitcoin tumble from over $68,000 in November 2021 to lows below $20,000 this summer during this crypto winter. The market overall has been a difficult one, with many cryptocurrencies taking a hit. This is mirrored in the general markets too, with ‘fear’ by far outweighing ‘greed’. The sensational crash of Terra Luna saw many moving away from top 10 cryptocurrencies and finding new places to invest their assets. That hasn’t stopped MDB, or Make DeFi Better, however. Currently outperforming ‘fiat’ investments strategies such as the DOW, NASDAQ and the S&P 500, along with top cryptocurrencies such as Bitcoin, Ethereum and Polkadot, MDB has seen a huge price boom in the last couple of months, with a 400% rise in the last month. MDB has been the top performer during this bear market. As of today, the price has hit an all-time high for several consecutive days in a row. Following the current trend, predictions suggest MDB will continue sky rocketing, up 200% again in the coming weeks. When you compare the chart of BTC to MDB, the bucking of the trend is both staggering and completely clear. MDB have just launched Xenia, their dApp and staking/farming platform, and have also announced that they are due to launch the newest token in their ecosystem, Infinity, next month. So far we know that Infinity will operate on the Binance Smart Chain, and there are two confirmed key industry partners so far. More information is due to be released in the coming days. MDB operates in a relatively similar fashion to a more traditional hedge fund, with an investment (currently sitting at over $2million - up $500,000 in just 3 months) backing the project, of which the yields are directly used to grow the fund and benefit holders. The method is working, with the price appreciation significant, particularly in the so-called ‘crypto winter’. Buying MDB offers exposure to a wide range of cryptocurrency investment strategies, currently managed by experts within the field, with less risk. Cryptocurrency experts have praised MDB for the strategy, adding that the proof is clear in the performance of the token itself. MDB also offers the option to earn additional passive income by staking or farming tokens, as well as a BUSD backed stable token offering currently offering over 50% APY, on a token that cannot go down in value. There’s something available for all investment and risk appetites - from 400% growth to 50% APY on stable coins. With a relatively low market cap that’s sitting around $9million, experts feel the current price is still low and predict the huge growth curve of MDB to continue throughout 2022 and into 2023. Website: Twitter: Discord: Telegram:
1 day agocryptodaily
Huh Network To Join Cardano, Polygon As EVM-Compatible Blockchain
Regarding interoperability, EVM compatibility is a blockchain function that most protocols should consider integrating into their system. The primary role of the EVM in the Blockchain network is to introduce several additional functionalities to ensure that the user experience is improved. Better experiences in terms of faster transactions, higher capacity, lower gas fees, and more. With new and existing protocols integrating EVM, we might be closer to a better scalable network than we thought. Cardano(ADA) recently launched a layer two solution, an EVM sidechain, to increase scalability for projects building on the network. A customized scaling solution for Ethereum was also made available by Polygon(MATIC) under the name zkEVM. Through this new scaling solution, programmers can easily deploy Ethereum smart contracts that scale infinitely and reduce fees. The HUH Network(HUH) is a brand-new cryptocurrency with an EVM-compatible base layer blockchain that quickens the network's adoption rate and makes it simple for developers and creators to join from other networks. Build It And They Will Come – Cardano(ADA) Cardano (ADA)is a decentralized system that processes transactions securely and efficiently. As one of the fastest growing communities in the blockchain ecosystem, more dApps and DeFi products are expected to build Cardano. With this comes an intense need for better scaling solutions. The Cardano(ADA) project launched a layer two solution or EVM sidechain to increase the ease of having developers build on the network. With the EVM sidechain, the Solidity developer community can create DApps on a less expensive, more energy-efficient platform than proof-of-work blockchains. The EVM sidechain is a permissionless, secure, efficient network for users. Today, Cardano’s(ADA) price is $0.47, with a 24hr trading volume of $683 million and a market cap of $15.9 billion. Multiple Sides To This Platform – Polygon(MATIC) Polygon(MATIC) is a decentralized Ethereum scaling platform that believes in web3 for all. It is the first user-friendly platform for scaling Ethereum and creating infrastructure. The network's primary component is the Polygon SDK, a modular, adaptable framework that facilitates the creation of various applications. The network introduced zkEVM, a proprietary scaling solution compatible with Ethereum, which will enable developers to implement better Ethereum smart contracts. Most networks in the blockchain ecosystem are focused on better-decentralized user experience and optimization. The zkEVM, according to Polygon, is "the future of scaling Ethereum." zkEVM is a Layer-2 protocol that collects a large batch of transactions and "proves" them all to Ethereum with a single ZK validity proof. Putting The ‘Hu’ In Humble Brag – HUH Network(HUH) The HUH network(HUH) is an interconnected metaverse that is community-driven and decentralized. It is a social blockchain in which innovators can create and build unique and functional applications that scale and are secure. The scalability of current blockchain solutions makes them expensive, slow, and inefficient. HUH network(HUH) will adopt the Proof of Stake consensus solution, the newest and most cutting-edge available, to address scalability issues. This will make it possible for users to have faster and more secure transactions within the ecosystem. Creators, users, and innovators won't have to worry about the present cryptocurrency gas fees, thanks to the network's minimal transaction expense. The HUH network(HUH) will also introduce a base layer blockchain compatible with EVM. With this, any project currently running on other EVM-compatible blockchains can be seamlessly integrated, making more dApps and smart contracts compatible with the system. This design strategy accelerates the network's adoption rate, and developers from other networks can easily join. The presale will start soon, and users can buy at discount prices. When you buy your HUH token with BND, you'll get a 15% discount and an additional 8% discount at the first stage of the presale. Find out more about the HUH network using the links below: HUH Exchange Presale: Website: Telegram: Twitter: 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
1 day agocointelegraph
Worried about inflation's impact on your retirement savings? Invest in cryptocurrency
The global economy is tumbling, but we might be able to find some hope in cryptocurrencies.
2 days agocryptodaily
Understanding P2E Gaming on Solana Blockchain With Oren Langberg
Over the past couple of years, the gaming space on the blockchain has grown exceptionally as the world became aware of the power of non-fungible tokens (NFTs) and the rise of play-to-earn games. MonkeyLeague is one of the rising blockchain games in the space, providing an AAA-quality web3 soccer game that allows users to have fun while earning passive income. Today, we are joined by Oren Langberg, Uncaged Studios Head of Marketing & Partnerships, to discuss the game, the Solana blockchain, the current state of the market and much more. Hello Oren Langberg, welcome and thank you for joining us today. First off, could you tell us about yourself, MonkeyLeague, and a little background on how and why your team started the project? Thank you for having me and sure! I am a lifelong gamer who has worked in various startups and listed companies over the last 15 years and as employee #2 at MonkeyLeague, have been here for nearly a year. Simply, MonkeyLeague is an AAA-quality web3 soccer game that’s easy to learn yet hard to master. Build your dream team of MonkeyPlayer digital assets, play matches against real people, win tournaments, and climb the ranks! First, our founders saw the unprecedented utility and benefits blockchain provides gaming as it enables a more decentralized approach to games that empowers players. This means, instead of sole ownership of assets, content, and revenues lying with the game developers, blockchain gaming allows players to own their game assets, improve them, trade or sell them because they hold value outside of the game. In addition, blockchain allows for an in-game digital currency that also holds value outside of the game to be used for transactions inside the game ecosystem and claimed as earnings for winning matches and tournaments. Having said that, the rise of play-to-earn gaming led to a lot of low-production value games that relied solely on earning as the primary incentive to play and strayed away from the core purpose of gaming, fun-first entertainment. What separates MonkeyLeague from its competition in NFT esports gaming? What separates us is our team, partners, backers, and vision, the production value, the development of sustainable game economies, our franchise of fun-first sports games that will leverage the same game assets, the use of soul-bound tokens, and much more. MonkeyLeague, and our studio UnCaged, is leading the pack with high production value and fun-first gaming. Currently, with 45 people, our studio team is one of the deepest in web3 gaming with over 100 years of combined experience designing and developing top-quality gaming experiences. The launch of MonkeyLeague was a big deal in the Web3 gaming industry at launch. The connection to football opens the blockchain gaming world to over 3 billion soccer (football) fans. Is this the market that MonkeyLeague targets and how will the game compete with current console-based football games such as FIFA and eFootball? We aim to develop high production value, super fun games that have mass adoption potential that also fill a huge void in the market. In the end, our games are casual - they won’t compete with games like FIFA or NBA Live. MonkeyLeague has been a part of OpenSea’s Beta on Solana, a thrilling aspect admittedly. Could you explain why launching your NFTs on Solana was a crucial part of your team? And how does this impact the gamers? With MonkeyLeague being the most anticipated web3 sports game on the planet, there’s no doubt that MonkeyLeague MonkeyPlayers are one of the most popular NFTs on Solana from both a collectible and utility perspective.Solana is a powerful blockchain with a top-tier team that represents the foundation of the future of web3 gaming. Their infrastructure, speed and flexibility for developers, not to mention their ecosystem made it a clear choice for us. The long-term plan is, of course, to be chain agnostic because in the end with MonkeyLeague you have the game off-chain and the economy, game assets, and other infrastructure on the chain. What are your thoughts on the Solana-based NFTs, could the blockchain challenge Ethereum’s dominance in the near future? We definitely believe in Solana and where it’s headed. They have the team, product, and vision to really take blockchain infrastructure and technology to the next level and beyond. We are proud to work closely with them. If yes, how long do you think it will take Solana to outshine Ethereum? It’s hard to say but what I do know is that they have a deep team, deep philosophy and vision for web3, and are super proactive about being innovative and delivering. There have been several Solana blockchain outages in the past. How does this affect MonkeyLeague, and is it a trigger for concern? Being pioneers comes with its risks but I have full faith in the Solana network. In addition, we have a separation between the game itself and the web3 components which alleviates any potential issues. Away from MonkeyLeague for a bit. A rising number of gamers, especially among the millennials and Gen Z, are favouring esports as a career and play-to-earn games over traditional gaming. Do you see P2E esports gaming as the gateway to massive crypto adoption? I think the key to massive crypto adoption is high production value and fun first games. For web3 gaming to go mainstream it needs to build on top of the best of web2 games and then add blockchain components. In addition, it's a pretty substantial transition to expect web2 gamers to make just like that, i.e. trusting crypto and the volatility, opening a wallet, buying the digital currency and so on. Part of our strategy is to have a free-to-play version for people to play before they invest in digital game assets. And this speaks to the player trajectory within MonkeyLeague which lays out multiple ways to play MonkeyLeague. Players can play the free-to-play version but do not have the opportunity to earn or improve their NFT players. Owning at least one MonkeyPlayer asset opens the opportunity to earn and improve. Owning a full team brings extended benefits and so on. So, based on how serious or competitive they are, a player can follow multiple paths within MonkeyLeague. When it comes to opening the doors for esports, current web2 esports is typically for hardcore games like NFL Madden or League of Legends. As MonkeyLeague is a casual mid-core web3 sports game, it does open up the potential down the road for everyday people to become esports stars and reap tons of benefits and rewards from that including potential sponsorships. I’m yet to purchase any Monkey NFTs but have interacted with several Solana-based NFT communities, which were quite impressive. Could you explain to our readers how the MonkeyLeague communities and neighbourhood is? So first of all, with all the mistrust and lack of transparency in crypto, we made it a point from the beginning to create a super warm, transparent and communicative community. And we definitely accomplished that. The MonkeyTrain as we like to call it includes some of the most passionate people on the planet. People that see the vision, love the game and are with us for the journey 200%. It's a beautiful thing actually because our Discord community alone has over 80k people in it. People from across the globe, with different backgrounds, and cultures, speak different languages yet we are all united on this MonkeyTrain. Our community serves as the crux or the foundation of MonkeyLeague and we are humbled to have them. We have been in a bear market for months now and it seems to stay this way in the protracted future. How do you suppose NFTs, and MonkeyLeague in particular, will navigate the current bear market? Although many solid web3 projects suffered in the worst way from this crypto winter, in the grand scheme it's advancing the development of web3 much more quickly. Survivors will need to evolve and adapt. Gone are the days when a few people in their mom’s garage can create a low-quality 2D game and attach a simple earning mechanism and succeed. The future of web3 gaming will be high production value fun-first gaming with a balanced, skill-based rewards system. Same for NFTs, actually. Gone are the days when a random person can draw a stick figure, mint it as an NFT and sell it for millions. If it's a collectible art piece NFT, its value will derive more from the creator and its utility. For example, owning this awesome NFT piece also gives me access to x. When it comes to gaming, NFTs will have much more utility and while technically they will still be NFTs will be referred to more as digital assets. The key is utility. For MonkeyLeague, we are continuously providing more utility for our digital game assets, MonkeyPlayers, up until the game launch. What are the future targets for MonkeyLeague and what new development should gamers expect in the coming months? We have some really exciting milestones and features coming out over the next several months up until the game launch. We have Monkey Breeding season coming up towards the end of September, a Closed Alpha immediately after that, and a Closed Beta, all leading up to the full public game launch. During this time we have some crazy sports and brand partnerships we will release along the way. Any final words for the MonkeyLeague community? This is only the beginning… Oren Langberg is a graduate of business operations and has an MBA in strategic management from Bar Ilan University. He has previously worked as a Partner & Head of Marketing at M.E Care in Canada before transitioning to the tech world in 2012. Oren also spent time as the Co-Founder & Head of Marketing at ellee before becoming the head of marketing and partnership at Uncaged Studios, the developer of MonkeyLeague. 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
6 days agocryptodaily
Ethereum Merge Inches Closer As Developer Agree On Tentative Date
Anticipation and excitement are building in the Ethereum community as more clarity around the merge emerges. Ethereum developers have now agreed to a tentative date for the mainnet merge, which could be sooner than expected, seeing the Ethereum blockchain finally transition to Proof-of-Stake. Tentative Date Announced Ethereum core developers have locked in the 15th of September, 2022, as the tentative date on which the blockchain will transition to Proof-of-Stake. This means that the merge will happen sooner than expected as a result of the successful test on the Georli testnet, completed on Wednesday. Core Ethereum developers confirmed the date, including Tim Beiko and Terence Tsao, Co-founder of Prysmatic Labs, who agreed in an 11th August developer call that it (merge) would be when Total Terminal Difficulty (TTD) hits 58750000000000000000000. This was later confirmed in a post on Github titled tentative mainnet TTD. Date Could Still Change The possibility that the exact date and TTD could be changed still remains, the success of the testnet merges carried out so far are a good indication that Ethereum’s mainnet is finally ready to transition to the Proof-of-Stake consensus mechanism without any significant hurdles. The new timeline is three days earlier than the initially planned date of the 19th of September, which core developer Tim Beiko promised. “Tentative Mainnet TTD 58750000000000000000000 Note: nothing is final until it’s in client release, so do expect changes last minute due to unforeseen circumstances.” Bellatrix: Setting The Stage For The End Of Proof-of-Work Once the Total Terminal Difficulty hits 58750000000000000000000, it will mark the end of Proof-of-Work on the Ethereum blockchain and signal the official introduction of Proof-of-Stake. The TTD refers to the total difficulty required to mine the final block before the transition to PoS. However, before the merge is executed and completed, Ethereum developers will need to perform the Bellatrix hard fork, which will implement the necessary software updates required for clients to run the new consensus layer. The hard fork is scheduled for the 6th of September, just under ten days before the official merge. The journey to the merge has been long for Ethereum and its developers, with the Georli testnet becoming the final testnet to switch to the Proof-of-Stake consensus mechanism successfully. The Georli testnet merge followed the successful transitions of the Sepolia merge and the Ropsten testnet merge. Rumblings Of Discontent? However, there are some seeds of discord with Ethereum miners who rely on Proof-of-Work and its income. These Proof-of-Work miners are determined to continue using the Proof-of-Work consensus mechanism for Ethereum and maintain their flow of income. Chandler Guo, BTC, and ETH miner, a proponent of Proof-of-work and a crypto angel investor, is at the forefront of the movement and is leading the charge for PoW miners to initiate a hard fork of Ethereum and create a Proof-of-Work chain. Guo is a proponent of the theory that the crypto space is big enough for two Ethereums to exist and has tweeted several opinions on Twitter in support of his views. Guo is determined to release the necessary code to perform a hard fork that would bypass the difficulty bomb. This mechanism significantly reduces block rewards for miners in an effort to prevent them from producing new blocks. 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.
6 days agocointelegraph
Interlay launches trustless BTC stablecoin bridge on Polkadot
InterBTC operates as a BTC-backed stablecoin, secured by a decentralized network of overcollateralized vaults, which according to Interlay, resembles MakerDAO’s DAI token.
8 days agocryptodaily
Blockchain Network Platform Capabilities for Businesses, Applications and Enterprises
Enterprise-grade blockchain networks were born out of a necessity to provide solutions to the numerous challenges facing both consumers and enterprises amid a rapidly changing technological landscape. The rate of growth in the FinTech space has the dangerous potential to leave projects behind if they don’t keep pace with innovation, and that’s why developers are busy anticipating future developments, and implementing solutions to their problems in the here and now. Building the Future of Web3 Smart-contract usage revolutionized the blockchain space, and introduced us to the concept of DeFi and GameFi, but the utility of smart-contract transactions may soon be past its peak. Some projects are building a comprehensive, service-oriented architecture that allows network users to interact and transact directly. By building second-level protocols atop dedicated enterprise services like these can allow projects to side-step the common reliance on smart-contracts thanks to built-in payment systems and private shard chains. These services deliver all the features and functionality that users expect from a public blockchain network while cutting down on smart contract usage by around 90%, and retaining the security and privacy of enterprise-specific infrastructure. This results in cheaper transactions for users, and a greatly simplified development path for developers. What’s more, by removing the reliance on smart contracts, such services effectively cut out a major attack-vector which has plagued numerous popular blockchains to date. Blockchain-in-a-box solutions give enterprises a plug-and-play entry to the blockchain space - one prepared to handle applications spanning the finance, gaming, and information technology industries, and more. Thanks to the use of quantum-secure cryptography tools, enterprises get the assurance they need to launch long-lasting projects which stand the test of time.Simplicity and Composability Simplicity is key to onboarding new users and enterprises to a technology that has the potential to revolutionize a plethora of industries. In search of simplicity, many projects are foregoing complex network infrastructures and programming languages in favor of building from the ground up using common code like C, without any reliance on third-party protocols or services. Low-level architecture makes blockchain easy for other operating systems to interact with. One can easily envisage such networks being used in tandem with the simplest of consumer hardware - smart fridges, for example - because the technology is built on simple foundational principles and code. Software Development Kits (SDK) like the Cellframe SDK allows developers to build applications dedicated to a range of emerging industries - not least the gaming industry. Developers can use SDKs to easily create fair game worlds that encompass PvP (Player vs Player) and PvE (Player vs Environment) game modes, while ensuring that cheaters are exposed and removed from the network thanks to in-built security measures. Ultimately, Cellframe enables the construction of safe, secure, lightning speed blockchain networks that support the creation of distributed networks like VPN, CDN, cloud computing and video streaming platforms. Whereas most blockchain protocols which rely on a network of nodes to upload external data to the blockchain, Cellframe requires no such external or third-party service. Interoperability and Gaming Future-proofing technology involves helping projects build as close to the hardware layer as possible, removing all that is unnecessary, and simplifying the process for the end user. Since Cellframe acts as a zero-layer protocol made with compatibility and interoperability as prime objectives, Cellframe will eventually have full compatibility with WASM (Web Assembly) and EVM (Ethereum Virtual Machines), creating true interoperability between Cellframe and a range of internet and blockchain apps, services and networks. This will prove particularly relevant to the GameFi (gaming finance) space, as the end user will be able to traverse various disparate gaming worlds without having to create new sign-ups for each one. Bespoke governance solutions also make Cellframe ready for enterprise adoption, as it sidesteps many of the problems commonly encountered by blockchain projects. The Cellframe token (CELL) is emitted based on the votes of its community of DAO participants, meaning the community gets to decide on the most appropriate issuance rate for CELL. This means the protocol can’t be changed on a whim by developers. Furthermore, truly decentralized dApps (known as t-dApps) don’t allow for a single address to be in control of large CELL holdings at any one time. Rather, wealth is distributed among network participants to ensure network security, while removing any potential single points of failure. Enterprise tools are not lacking in the blockchain space; they are just waiting to be applied creatively. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
8 days agocryptodaily
As DeFi Hacks Soar, This Startup Wants To Radically Overhaul Smart Contracts To Prevent Them
Over the past couple of years, hundreds of new decentralized finance applications and protocols have flooded onto the Ethereum network and other blockchains. In November 2021, the total value locked in all DeFi apps reached a staggering $290 billion. DeFi, in theory, is designed to democratize access to finance by enabling people from all over the world, from any background, no matter who they are, to participate. There are no financial or geographical restrictions or centralized intermediaries - everything is decentralized, trustless, and peer-to-peer. It’s a vision that has proven popular, with DeFi growing faster than anyone could have imagined. However, its rise has been clouded by numerous critical security threats that make it seem like a very risky venture to anyone who’s not extremely knowledgeable about how crypto works. While 2021 was a big year for DeFi, it was arguably even bigger for hackers, with a recent report from Chainalaysis finding that they stole a combined $3.2 billion worth of cryptocurrency that year. This year is likely to be just as profitable for hackers. According to CertiK’s latest report, DeFi and Web3 together lost more than $2 billion to hackers in the first six months of the year. Chainalysis said hackers in the crypto sphere have migrated away from wallets and other targets, and are almost exclusively targeting DeFi protocols today. In the first three months of 2022, almost 97% of all funds stolen by hackers came from DeFi, up from 72% in 2021 and just 30% in 2020. A quick look at some of the biggest hacks of this year explains why DeFi has become such a popular target for attackers. The amounts they can steal are tremendous. The most expensive hack so far this year was the Ronin Validator Security Breach. On March 23, the person or persons responsible for the attack were able to compromise Sky NMavis’s Ronin and Axie DAO validator nodes, hack the private keys and make illicit withdrawals. They stole an incredible 173,600 ETH and 25.5 million USDC, amounting to $615.5 million in total, via just two transactions. Unfortunately, the Ronin hack was not just an isolated event. In February hackers exploited a security vulnerability in Wormhole’s signature verification, enabling them to make off with 120,000 wETH on Solana, an amount that was worth $326 million at the time of the attack. Similarly, in April, the Beanstalk protocol fell victim to a one-day delay inside a $BEAN governance proposal contract to complete a flash loan. The attacker was able to steal 70% of the total seeds, getting away with $181 million in total. Spotting Smart Contract Vulnerabilities The vast majority of DeFi hacks occur due to vulnerabilities in the smart contracts that power the protocols. Smart contracts are self-executing bits of code that automatically process transactions when certain conditions are met. They’re one of the core elements of DeFi as they make the requirement for a trusted intermediary redundant. The good news is that the community is aware that smart contracts are a glaring weakness in DeFi security and is taking steps to address them. The most reliable DeFi protocols today are sure to carry out a comprehensive smart contract audit to identify if any vulnerabilities exist. Audits are carried out by reliable firms such as CertiK and Hacken, and assess the recorded transactions within a blockchain ledger to try and spot any bugs. Other ways of identifying vulnerabilities include penetration tests by teams of security experts, who attempt to hack DeFi protocols so they can inform the developers how they did it, allowing them to close whatever loopholes are discovered. In addition, protocols can also offer “bug bounties”, where they essentially crowdsource security. Dozens of “white hat” hackers compete for a monetary prize to identify vulnerabilities within a protocol. Bug bounties can be especially beneficial because they incentivize participants to act like real cybercriminals, meaning they will likely attempt to hack the protocol using similar methods as the real bad guys do. The idea being that the good guys will discover any obvious exploits before they’re exposed in the real world. Smart contract code audits and bug bounties can help to protect DeFi protocols against common hacks around unhandled exceptions and transaction order dependency. However, audits are unfortunately not infallible - the Chainalaysis study found that 30% of exploits this year occurred on platforms that had been audited within the past 12 months. So while code audits and bug bounties can be helpful, they do not provide any guarantees. As such, DeFi protocols that are managing billions of dollars in user’s funds ought to adopt a more robust approach to security. Reinventing Smart Contracts One of the most exciting solutions to emerge is the Scrypto programming language developed by Radix, which is a layer-1 blockchain protocol that has been built specifically for DeFi. The Scrypto language is based on the popular Rust programming language and retains most of its features. However, it notably adds a number of specific functions based on the Radix Engine. It can be thought of as a collection of libraries and extensions to Rust that provides asset-oriented features, enabling Rust-style logic to interact with assets as a native, first-class citizen. The most important distinction of Scrypto is that it effectively does away with smart contracts. Instead of smart contracts, it uses blueprints and components to process transactions. Blueprints are compiled source code that lives on the blockchain, where they can be used by anyone. Their role is to provide “constructor functions” for DeFi transactions, with flexible parameters that others can instantiate. They’re generally quite specialized in terms of functionality, though they can support multiple different use cases depending on exactly how they’re instantiated. Blueprints can sometimes work with other blueprints, deployed together as a “package”. To activate a blueprint, it must be instantiated by calling one of its constructor functions in order to obtain the address of a newly created instance, known as a “component”. Components are used to manage state and can gather, hold and distribute resources according to the logic associated within the blueprint that created it. In other words, components in Scrypto resemble smart contracts, however, they derive from the logic defined within the blueprint that gave birth to it. Scrypto’s unique architecture allows it to carry out transactions in a very different way to regular smart contracts written in Solidity or another language. Instead of sending a number or reference to some tokens, Radix Engine transfers ownership of tokens from the caller to a component. Once that component receives a bucket of resources or multiple buckets, it can take those resources and deposit them into a vault it holds, or else a different bucket. Then, the Radix Engine ensures that the caller can no longer access the bucket or vault. The end result is that dApps built on Radix have a much simpler and safer way of transacting. To better understand how it works, Radix offers us the example of a gumball machine that accepts USD tokens in exchange for a token held within its vault. In this example, the user passes a bucket of 0.25 USD to the insertCoins method of the MyMachine component. The blueprint’s logic sees that the correct price has been paid, adds those tokens to a vault, then takes 1 gumball from its gumball vault and passes it back to the caller. It can even send back some change if the caller passed too much USD. With Ethereum’s Solidity-based smart contracts it’s much more complex and risky. In the same machine, the user would call a smart contract to give the machine permission to withdraw from their wallet on their behalf. They would tell the machine they wish to input 0.25 USD. The machine would then call the USD contract to make the withdrawal, then call a gumball smart contract to send the gumball to the user. Finally, it would probably also update an internal cache of the number of remaining gumballs to check for eros. Each one of these processes uses a smart contract, and each one is therefore at risk of being hacked due to a smart contract vulnerability. That’s just a simple example. With DeFi, transactions can be many times more complex, meaning they’re exposed to multiple times the risk. All it takes is one vulnerability somewhere, in any one of numerous smart contracts involved in a transaction, for an attacker to pull off an attack. Conclusion As DeFi grows and its total value locked increases, the risk of exploitation will only increase. If there’s one takeaway we can gather from the stunning amount of crypto that’s been stolen by DeFi hacks, it’s that the need for smart contract security has never been greater. While code audits and bug bounties can help to spot the most obvious vulnerabilities in DeFi, it’s clear that the industry could benefit immeasurably from a radical overhaul based on an infrastructure that’s designed to minimize the number of potential exploits from the get-go. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
8 days agonulltx
POSS TOKEN to Be Listed on BitMart Exchange
The Posschain team is both humbled and delighted to announce that the Poss token will be listed on BitMart Exchange. The POSS token will permit users to transact with others on the blockchain and pay for all utility fees in the ecosystem. The platform can use the token for governance, staking, transactions, smart contracts, and […] The post POSS TOKEN to Be Listed on BitMart Exchange appeared first on NullTX.
9 days agocryptopotato
BitMEX to Offer Leverage Trading for Potential Ethereum POW Fork
Rumblings within the Chinese Ethereum mining community could mean that a proof of work-based Ethereum could live on after the merge.
11 days agozycrypto
CZ Sounds Warning To Market As Volatility Tumbles Another Leading Exchange
Changpeng “CZ” Zhao, co-founder and CEO of Binance, has sounded a warning to investors within the crypto space amidst the persistent pattern of paused withdrawals several crypto entities have resorted to, as the sharp volatility that characterizes the current Crypto Winter hit harder than the space can bear. CZ advised investors against choosing exchanges that […]
12 days agocryptodaily
Hackers Return $22 Million To Nomad After $190 Million Exploit
Nomad has announced that it has recovered $22 million after it suffered a $190 million hack. Data from Etherscan showed that Nomad had recovered around $22.4 million (11.4%) of the $190 million that was drained during the hack after the team announced a reward. The amount recovered by Nomad is now over double the $9 million that ethical hackers returned to Nomad. Nomad saw more of the stolen funds return after the protocol announced a 10% bounty. A $200 Million Exploit Nomad suffered a serious hack on the 1st of August, as hackers exploited a vulnerability that made it possible to drain nearly all of the protocol’s funds, which totaled around $200 million. Hundreds of hackers, including white hat hackers who intend to return the funds to the protocol, orchestrated the attack. The attack once again brought into focus the security of cross-chain bridges. The team at Nomad confirmed the exploit, stating, “An investigation is ongoing, and leading firms for blockchain intelligence and forensics have been retained. We have notified law enforcement and are working around the clock to address the situation and provide timely updates. Our goal is to identify the accounts involved and to trace and recover the funds.” Source Of The Vulnerability The cross-chain bridge had a critical vulnerability that made its way into the public domain, attracting the attention of would-be hackers. Sources have stated that Nomad developers introduced the vulnerabilityduring a routine smart contract update. Following the exploit, the Nomad team announced that it would pay a 10% bounty reward to any hacker that returned the funds to a designated return address. The team also assured the hackers that no legal action would be taken against any hacker that returned the funds. On its part, Nomad is collaborating with law enforcement officials and agencies to investigate the hacking. It has also announced a partnership with an on-chain analytics firm, TRM Labs, to track the funds across all addresses involved in the attack. Spate Of Crypto Hackings Continue The Nomad exploit registered itself as the 8th-largest crypto hack of all time, as the wave of recent crypto exploits continues to rumble on. According to security firm Chain Analysis, the hack brings the amount stolen from cross-chain bridges to a staggering $2 billion. There were a total of 13 exploits related to cross-chain bridges, out of which the largest was the Ronin attack which saw $615 million stolen. Ronin is linked to the hugely popular game Axie Infinity. In another recent hack, $5.2 million worth of cryptocurrencies were stolen from around 8000 wallets connected to Solana. 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.
12 days agozycrypto
MicroStrategy Takes A $917 Million Impairment Loss On Its Bitcoin Stash As Crypto Prices Tumble
MicroStrategy, the largest bitcoin holding-publicly-traded company in the world, took a non-cash digital asset impairment charge in the third quarter, up from $424 million in the second quarter, the latest filings have shown.
13 days agozycrypto
Solana Struggles As Investors Lose Confidence In The ‘ETH Killer’ Following Latest Wallet Hack
Nevertheless, such a widespread hack puts an ugly stain on the network’s crumbling reputation.
13 days agocryptodaily
Alchemy Expands Into Polkadot Ecosystem Via Astar Partnership
Web3 platform Alchemy has marked its entry into the Polkadot ecosystem, announcing a critical partnership with Astar Network, a parachain of the Polkadot network. Once the deal is finalized and implemented, Astar can utilize Alchemy’s node infrastructure. Web3 Projects On The Astar Network According to product manager Mike Garland, integrating Alchemy and Astar will allow developers to create Web3 projects on Astar’s network through the Alchemy application programming interface (API). Alchemy is a powerful blockchain platform that could help advance decentralized application development on Astar through reliable infrastructure and developer tooling. “Alchemy infrastructure makes it easier for developers to build any dApp with infinite scalability, consistency, and reliability. We’re thrilled to combine forces with Astar to foster the importance of building for today and tomorrow, which marks a significant milestone for both companies, and especially the community.” Astar also offers a smart contract service that supports dApps based on WebAssembly and the Ethereum Virtual Machine. It also offers interoperability with other Polkadot parachains and hosts several dApps, including Starlay Finance, ArthSwap, AstridDAO, Sirius Finance, Algem, and Zenlink. Reinforcing The Astar Network The partnership also allows developers on the Astar network to access several features, including Alchemy’s flagship offering, SuperNode, to help meet infrastructure requirements. SuperNode would function as a middleware platform for decentralized applications on Astar, allowing them to stay connected and prevent downtime. Additionally, developers will also be able to access other features such as Alchemy’s Explorer and Mempool Visualizer, which would help developers find any bugs quickly and optimize dApp performance. Alchemy SDK would allow developers to connect an application to the blockchain easily, while Alchemy Notify would provide webhook access to alert users to different events such as mined transactions, dropped transactions, and address activity. These features would make dApp development quick and easy and reinforce Astar Network’s position as the platform to build and create the future of smart contracts for multichain. The partnership will also enable developers to participate in dApp staking, a feature that is native to Astar. The feature allows users to vote for their favorite Astar dApps using the native ASTR token and earn rewards. According to product manager Mike Garland, this feature would allow developers to build applications on the protocol. “Built-In” Support Alchemy underlined its enthusiasm to support Astar because it offers built-in support for developers who are looking to build on the chain, with Garland stating, “Jumping in and helping bootstrap that ecosystem with our product as well, I think, is going to go a long way.” CEO and Founder of Astar Networks, Sota Watanabe, also underlined the importance of the partnership to support developers and the developer ecosystem, stating, “Supporting the developer ecosystem is Astar’s driving motivation. By partnering with Alchemy and making their blockchain engine available to Astar developers, we will bring even more innovation and growth to the builder community.” 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 agozycrypto
Erik Voorhees Predicts Crypto Uprising as Financial Systems Crumble
The crypto industry has grown massively in the past years, with increasing mass adoption being fueled by the global economic downturn brought on by the pandemic. The effects of the pandemic have eased up a bit, but the crypto adoption rate has surged nonetheless, as fresh concerns about financial systems surface. A notable American entrepreneur […]
19 days agocryptopotato
Bitcoin Tests $24K but Is The Rally Getting Overheated? (BTC Price Analysis)
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Coinbase stock (COIN) in danger of another 60% crash by September — here's why
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About MovieBloc

The live price of MovieBloc (MBL) today is 0.004593 USD, and with the current circulating supply of MovieBloc at 14,429,101,268 MBL, its market capitalization stands at 66,277,012 USD. In the last 24 hours MBL price has moved -0.000134 USD or -0.03% while 1,024,051 USD worth of MBL has been traded on various exchanges. The current valuation of MBL puts it at #312 in cryptocurrency rankings based on market capitalization.

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

MovieBloc Price0.004593 USD
Market Rank#312
Market Cap66,277,012 USD
24h Volume762,969 USD
Circulating Supply14,429,101,268 MBL
Max Supply30,000,000,000 MBL
Yesterday's Market Cap65,564,224 USD
Yesterday's Open / Close0.004678 USD / 0.004544 USD
Yesterday's High / Low0.004728 USD / 0.004504 USD
Yesterday's Change
-0.03% ( 0.000134 USD )
Yesterday's Volume1,024,051.30 USD
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