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

NEAR Protocol(NEAR)

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$5.1299
(-3.11%)
0.00021865 BTC
Market Cap (Rank#24)
$3,922,378,259
167,181 BTC
Vol 24h
$139,155,249
5,931 BTC
Circulating Supply
764,612,864
Max Supply
1,000,000,000
1h agocryptodaily
Kingdom Quest Launches Token IDO on Poolz
Panama City, Panama, 18th August, 2022, ChainwireMetaverse game Kingdom Quest is launching its Initial DEX Offering (IDO) on Poolz. The event, which commences on August 19, gives the public an opportunity to acquire the KGC token that will fuel the Kingdom Quest economy. During the course of the IDO, the KGC token will be priced at $0.0022, with 20% issued to buyers upon sale completion and the remainder linearly vested over six months. Following the Poolz IDO, the KGC token will have a market cap of $651,000. The KGC token will power an array of interactions within the growing Kingdom Quest ecosystem. KGC will play a key role in all four games operating under the Kingdom Quest title, giving it broad utility. The token will also be used in any subsequent games that are developed with the Kingdom Quest brand. Careful consideration has been applied to the tokenomic design of KGC with the goal of ensuring a robust and sustainable in-game economy. In doing so, the Kingdom Quest team is confident it can avoid the inflationary mistakes that have impaired many Play-to-Earn games. The KGC token can be used for: Exchange Purchasing in-game resources Marketplace trading for NFTs Crafting NFTs with shards (e.g. Mystery Chests, Mystery Bottles) Enhancing NFTs (e.g. Heroes) Staking for powerful privileges and rewards including early access to NFTs for upcoming games KGC will be distributed via a weekly leaderboard and its reward pool will extract a fixed amount of tokens from play-to-earn allocation to reward players. This means the maximum amount of tokens released every week is under control, despite the ever-increasing number of participants. This is a key factor to preventing inflation. In addition to a rewards pool that dynamically adjusts as the number of players changes, Kingdom Quest features Safe Gaming protection. This means that all gameplay is computed and monitored by the server's anti-cheat mechanism. Kingdom Quest’s business entails deriving revenue from in-game activities including crafting NFTs, enhancing NFTs, and buying model resources. It also accrues fees from trading activities on its native marketplace and from NFT sales. Most of this revenue is diverted back to the reward pool, with a tranche of tokens distributed as rewards for users in special events, tournaments, and seasonal activities. A final portion of tokens is reserved for ecosystem-expanding activity and development team. About Kingdom Quest Kingdom Quest is a free to play blockchain game that’s designed for casual gamers. It was conceived with the goal of onboarding people to web3 and showcasing the powerful way in which its underlying technology can be leveraged to provide entertainment and foster shared experiences. ContactsCecilliaFourla 4 Global [email protected]
15h agozycrypto
Shock Flippening: Ethereum Finally Overtakes Bitcoin — Just Not The Way You Think
As Ethereum’s much-anticipated upgrade — known as the Merge — draws nearer, the cryptocurrency’s trading activity is booming. The second-largest cryptocurrency has overtaken industry leader bitcoin in the...
17h agocryptodaily
Bitcoin Technical Analysis: Bears Hunting More Stops Below 23151
BTC/USD Bears Eyeing Stops Below 23151: Sally Ho’s Technical Analysis – 17 August 2022 Bitcoin Bitcoin (BTC/USD) resumed its downside trajectory early in the Asian session as the pair was unable to sustain a temporary break above the 24365.11 area, a level that represents the 23.6% retracement of the depreciating range from 48240 to 16690.14. Stops were elected below the 23491.23 area, representing the 23.6% retracement of the appreciating range from 3858 to 29555.94. Additional Stops are likely in place below the 23151 area. Upside retracement levels in the depreciating range from 31549.21 to 17567.45 include the 26208, 28249, and 28557 areas. Additional upside price objectives and areas of potential selling pressures include the 25552, 26323, 26411, 26901, 27126, 27455, 28426, and 29669 areas. Below recent price activity, possible technical support and areas of buying pressure include the 22582, 22141, 21596, 20446, 19852, and 19762 levels. Additional significant technical areas on the downside include the 16990.14, 14500.15, and 10432.73 areas. Traders areobservingthat the50-bar MA (4-hourly)isbullishly indicating above the 100-bar MA (4-hourly)andabove the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the100-bar MA(4-hourly) at 23619.31 and the50-bar MA(Hourly) at 23967.41. Technical Supportis expected around16990.14/ 14500.15/ 10432.73 withStopsexpected below. Technical Resistanceis expected around25256.96/ 27455.20/ 32383.96 withStopsexpected above. On4-Hourlychart,SlowKis Bearishly below SlowDwhileMACDis Bearishly below MACDAverage. On60-minutechart,SlowKis Bearishly below SlowDwhileMACDisBearishly below MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and 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.
21h agocryptodaily
DeFi Yield Protocol (DYP) Anticipates Metaverse Platform Launch with Listings on Coinbase, Huobi, and MEXC
Bucharest, Romania, 17th August, 2022, ChainwireDeFi Yield Protocol (DYP) announced listings on several industry-leading exchanges, including Coinbase, Huobi Global, and MEXC. This is just one of the many developments in the project’s fast-paced evolution, including its upcoming Metaverse platform, where users will get to interact with Cats and Watches Society (CAWS) NFTs. Moreover, DYP took center stage at Deep Forest Fest. During this prestigious music festival, DYPians had the great opportunity of meeting the team. The DeFi Yield Protocol (DYP) is enhancing the list of reputable crypto exchanges listing its DYP token. On June 21, Coinbase disclosed its listing of DYP, while trading started the next day. Later, on July 19, MEXC announced its listing of DYP. Lastly, on July 27, it was Huobi that added DYP to its platform. DYP supporters, a.k.a. DYPians, can purchase DYP tokens at these major exchanges but also on smaller platforms, including KuCoin, Gate, Poloniex, Bitrue, ZT, Hoo, CoinDCX, and Onus Finance. Usually, when an asset obtains listings on new exchanges, its price goes through considerable fluctuations. However, DYP did not experience any notable changes with its recent listings. However, its value surged on June 7 from $0.06 to over $0.20. Furthermore, it has continued to trade above that level for almost two months. Nearly a week after the price surge, DYP published a blog post explaining its Metaverse project and virtual reality (VR) play-to-earn (P2E) game. In it, players can venture with their CAWS NFTs, increase their levels, or use their DYP / iDYP tokens for game-related purposes. CAWS is an NFT collection of cats-wearing watches that come with the possibility of staking your NFT. Each asset possesses more than 200 unique attributes, including watch preferences and personalities. For the moment, CAWS owners can use their NFT to play a 2D play-to-earn game with attractive rewards for its champions. Players must own at least one CAWS NFT to participate in DYP's latest GameFi adventure platform. In the near future, the utility of this NFT collection will expand to the Metaverse platform and CAWS will be a companion for the players that own at least one cat in their V.R. adventure. Additionally, DYP is increasing its brand awareness by expanding its actions in the real world. For instance, the project sponsored two racing teams for two different events: Racebox and the Mojo Yachting Club to be more precise. Daniel Garrett, Marketing and Communications Manager at DeFi Yield Protocol, stated in an AMA on Monday that DYP’s project is unique due to its wide range of products, including its NFT collection and Metaverse game. Also, he elaborated on the project’s plans to onboard more users and reach mainstream adoption by using its Metaverse-related products and launching its IOS and Android apps. “In general, as you hear more about DeFi Yield Protocol, as you get more familiar with what we’re doing, I think the users are gonna come,” he said. “We’re focused right now, and this is a great opportunity to get in on something on the ground floor." Another significant development was DYP's sponsorship of the Deep Forest Fest. The prestigious event boosted the project's brand awareness and enabled the team to meet some fellow DYPians. Also, it aligned with the project's philosophy - "Together we can create unforgettable moments. This is what life is all about." About DYP DeFi Yield Protocol (DYP) seeks to build a decentralized ecosystem incorporating numerous DeFi products and services, including yield farming, staking, NFTs, and Metaverse gaming. The project runs on unique smart contracts using DYP’s proprietary anti-manipulation functionality. To learn more about DYP Protocol and its progress, visit: DYP Website| Twitter | Telegram | Discord| MediumContactsCrypto [email protected]
1 day agocoindesk
Dogecoin Jumps as Dogechain Gains Traction Among Retail Crypto Traders
The Polygon-based Dogechain locks nearly $5 million in liquidity and is gaining prominence among retail crypto traders.
1 day agocryptodaily
Bitcoin Technical Analysis: BTC/USD Elects Stops Below 23722
BTC/USD Stops Elected Below 23722: Sally Ho’s Technical Analysis – 16 August 2022 Bitcoin Bitcoin (BTC/USD) traded sideways early in the Asian session as the pair oscillated around the 200-hour simple moving average after being capped around the 24287.13 area, a recent relative high. Some additional selling pressure emerged around the 24152.67 area, a level that represents the 23.6% retracement of the appreciating range from 20715 to 25214.57. Stops were elected below the 23722.44 area, a level that represents the 23.6% retracement of the appreciating range from 18892 to 25214.57. Upside retracement levels in the depreciating range from 31549.21 to 17567.45 include the 26208, 28249, and 28557 areas. Additional upside price objectives and areas of potential selling pressures include the 25552, 26323, 26411, 26901, 27126, 27455, 28426, and 29669 areas. Below recent price activity, possible technical support and areas of buying pressure include the 22582, 22141, 21596, 20446, 19852, and 19762 levels. Additional significant technical areas on the downside include the 16990.14, 14500.15, and 10432.73 areas. Traders areobservingthat the50-bar MA (4-hourly)isbullishly indicating above the 100-bar MA (4-hourly)andabove the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 24054.29 and the200-bar MA(Hourly) at 24068.07. Technical Supportis expected around16990.14/ 14500.15/ 10432.73 withStopsexpected below. Technical Resistanceis expected around25256.96/ 27455.20/ 32383.96 withStopsexpected above. On4-Hourlychart,SlowKis Bearishly below SlowDwhileMACDis Bearishly below MACDAverage. On60-minutechart,SlowKis Bearishly below SlowDwhileMACDisBearishly below MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1 day agocryptodaily
Hodlnaut Files for Creditor Protection
After pausing customer withdrawals last week, Singapore-based cryptocurrency lender Hodlnaut has filed for creditor protection allowing it more time to recover from its financial woes. The crypto lender is seeking judicial management to offer it temporary protection against any legal proceedings and claims, which the firm believes would allow it “breathing space” to focus on its recovery plan. Judicial management is a law in Singapore that allows financially troubled firms to rehabilitate themselves. Hodlnaut informed its users on Tuesday via an announcement that they have applied to a Singapore-High Court for creditor protection. The application will firstly prevent the company from having to sell off assets to make up the shortfall on its books. The firm says: We are aiming to avoid a forced liquidation of our assets as it is a suboptimal solution that will require us to sell our users’ cryptocurrencies such as BTC, ETH, and WBTC at these current depressed asset prices. Instead, we believe that undergoing judicial management would provide the best chance of recovery. Secondly, the filing puts a temporary pause on any legal claims against Hodlnaut. The statement continues to say: This pause will provide us with the breathing space to focus our efforts on the recovery plan to rehabilitate the company. The statement also made a comment regarding affected users, saying: While Hodlnaut is facing a difficult financial situation at the moment, not all your assets are gone. Under judicial management, the court appoints a judicial manager for the firm that takes over the charge from the company’s director for the duration of protection. Hodlnaut has recommended Tam Chee Chong, a director of the financial consultancy firm Kairos Corporate Advisory, as the interim judicial manager. Hodlnaut says that Chong has nearly 40 years of experience in corporate finance advisory and has on multiple occasions assumed the role of judicial manager for companies undergoing restructuring. Hodlnaut’s announcement reads: With his experience and track record, we believe he will be able to execute our recovery plan and restructure the business effectively. As it stands, the application has not been heard by the court and Hodlnaut has given August 19 as the next date for further updates on the status of their filing. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
1 day agocryptodaily
Web 3 Payment Solution, PIP Launches Support For Binance Users
Web 3 payment solution, PIP launches its services in the Binance ecosystem. It will support Binance Coin (BNB) and Binance USD (BUSD) stablecoin. PIP, a Web 3 payment solution bringing crypto to the Web 2 universe, announced the launch of its services in the Binance ecosystem. The latest move will see the PIP Extension platform support $BNB and $BUSD stablecoin-based transactions for the Binance Smart Chain (BSC) users. This aims to help BSC users bridge the Web 3 ecosystem to a range of connected Web2 social media platforms. According to PIP’s CEO and Co-Founder, Jeff Baek, the latest addition to the Binance ecosystem, could be the key to unlocking the vast amount of potential that PIP and the Binance tokens hold. “We believe that PIP will help $17 billion BUSD to expand beyond a trading pair to become a means of global payment, flouring micropayment economy,” he added. The combination with the biggest centralized exchange ecosystem will open up the channels for mass adoption of the PIP payment solution by providing a value proposition for Binance’s global market base. PIP aims to reduce the complexity and transaction fees across the Web 3 stage, by building consumer-focused interfaces, which in turn improve the financial inclusivity across Web 3 technologies. To cater for all users, PIP includes a suite of products including the PIP Extension, PIP.ME, PIP Button, and social tokens. These products help the platform connect easily to social media platforms, allowing social media users to easily transact and monetize their content. The team has already onboarded over 60,000 customers with a total transaction value of $15 million (worth of cryptos) processed. The PIP Extension, as alluded to, allows users to connect their cryptos to their favourite social media platforms. Simply put, PIP Extension facilitates payments via a PIP tag. The users need to create a unique PIP tag and connect the tag to a supported social media account such as Reddit, Discord, or Twitter to start making payments. The PIP extension can also be downloaded for Chrome browsers to streamline the payment service. By sharing tags, users don’t need to remember long wallet addresses, simplifying the entire end-to-end process of sending payments, both micro and macro, affordably. The PIP Button, on the other hand, aids the monetization of online activity by helping users generate a payment button for accepting cryptocurrencies. Without any previous coding language, users only need to select their preferred crypto, customize their PIP Button, and embed it on a website via HTML code or React. The PIP Button offers a user-friendly channel for consumers to send, receive, and tip multiple cryptocurrencies and stablecoins, whether transacting for goods or services or simply rewarding their favourite content creators. Today, PIP users have a plethora of social media services that they can interact with and send payments to including Twitter, Discord, Twitch, and Reddit. On these platforms, users can select an extension to start sending power payments, tips, donations, and more or add a PIP Button to get rewarded for their social continent creation. Those users without a PIP account can even participate, accepting transactions through an escrow-based payment system. In the near future, $BNB and $BUSD payments will also be accepted on PIP.ME, a free Web3 profile that connects audiences and allows them to accept payments. The PIP.ME is also customizable and can be shared through the users' social profiles to accept payments, display or market user-owned NFTs, and also share content. Having raised its seed-round funding from top crypto VCs such as Alameda Research, Coinbase Ventures, CMS Holdings, Galaxy Digital Hong Kong, and Genesis Block Ventures, PIP is planning to introduce more products in the future including the PIP Card, PIP Commerce, PIP Connect, and PIP Widgets in the coming months. Lastly, the payment service also confirmed its intention to “add support or other blockchains, tokens, and social media platforms” in the coming quarters. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
1 day agocryptodaily
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
2 days agocryptodaily
EU Mulling New AML Regulator To Oversee The Crypto Space
Significant Implications For Financial Institutions The crypto industry has been focused on the Markets in Crypto Assets regulation and the more controversial Transfer of Funds Regulation. However, these regulations are part of a much larger package of the EU’s new anti-money laundering (AML) policy, which is set to impact all financial institutions significantly. The regulatory body for cryptocurrencies is being created by the European Council, European Commission, and Parliament, which will have complete authority over the sector. The European Commission released its proposal for the Sixth Directive AML/CFT last July, while the European Council only released its version of the proposal only last month. The European Parliament will take it up after the August break. Once it passes its bill version, it will enter into negotiations with the European Council and European Commission. A New Regulatory Body At its center, the new legislation has the creation of a new, EU-wide regulator for anti-money laundering. While the regulatory bodies still have to negotiate and reach common ground, there seems to be little disagreement between them about the need for such a regulator. There is also agreement that the new regulator should have direct and complete oversight over crypto and crypto asset providers operating in the European Union. The European Parliament has been aggressively pushing for the regulation of crypto. As a result, it is doubtful the body would oppose any future regulator or regulatory body’s complete supervision over the industry. The new regulator, called the “Anti-Money Laundering Authority” or “AMLA,” will look to monitor high-risk crypto firms. This differs from previous money laundering regulations that only provided the framework for EU nations to gather and share information. According to a parliamentary briefing, the new system has been described as follows, “EU-level supervision consisting of a hub and spoke model – i.e., supervisor at the EU level competent for direct supervision of certain financial institutions (FIs), indirect supervision/coordination of the other FIs, and a coordination role for supervising the non-financial sector as a first step.” A Strict Approach To Crypto The European Union has taken a no-nonsense approach to crypto laws. The European Parliament had recently voted in support of anti-anonymity regulations designed to significantly increase the cost and difficulty of transactions between unhosted wallets and exchanges, making them nearly impossible. Furthermore, even if a law to completely ban Proof-of-Work mining was defeated by the legislative body, the European Central Bank believes such a ban would eventually occur thanks to growing environmental concerns. For the EU, creating a global organization marks a significant change. Previous AML directives required that member countries gather and make available required data, such as details about the beneficial ownership of corporations. Implementing the new regulations will depend on the pace of negotiations between the European Parliament, Commission, and Council, and it could be years before the regulations are fully implemented. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days agocoindesk
Acala Stablecoins Near $1 Peg After Community Burns 1.2B aUSD Minted by Exploiters
Developers said trace reports were underway to identify the transactions performed by the 16 wallet addresses connected to the exploit.
2 days agocryptodaily
BTC/USD Weaker: Sally Ho's Technical Analysis 16 August 2022 BTC
Bitcoin (BTC/USD) extended its recent pullback early in the Asian session as the pair continued to remain pressured below the 100-hour simple moving average after recently encountering selling pressure around the 25214.57 area, its strongest print since early June. Stops were elected above the 25142.29 area during the move higher, representing the 23.6% retracement of the appreciating range from 3858 to 31717.02. Upside retracement levels in the depreciating range from 31549.21 to 17567.45 include the 26208, 28249, and 28557 areas. Additional upside price objectives and areas of potential selling pressures include the 25552, 26323, 26411, 26901, 27126, 27455, 28426, and 29669 areas. Below recent price activity, possible technical support and areas of buying pressure include the 22582, 22141, 21596, 20446, 19852, and 19762 levels. Additional significant technical areas on the downside include the 16990.14, 14500.15, and 10432.73 areas. Traders areobservingthat the50-bar MA (4-hourly)isbullishly indicating above the 100-bar MA (4-hourly)andabove the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 23958.94 and the200-bar MA(Hourly) at 23971.56. Technical Supportis expected around16990.14/ 14500.15/ 10432.73 withStopsexpected below. Technical Resistanceis expected around25256.96/ 27455.20/ 32383.96 withStopsexpected above. On4-Hourlychart,SlowKis Bearishly below SlowDwhileMACDis Bearishly below MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBearishly below MACDAverage. Disclaimer: This trading analysis is provided by a third party, and 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.
2 days agocryptodaily
DFG bets on crypto startups despite bear market
After the biggest VC boom in crypto history last year, venture capital funding in the industry fell38% between April and May of this year,according to Dove Metrics. This came on the heels of the Terra-induced crypto crash that spiraled the industry into a bear market. But even though this crypto crash has seen prices fall just as hard as any other crash, things are different this time around. It seems no serious observer is under any illusion that crypto or DeFi are going away any time soon. Digital Finance Group(DFG), a global blockchain and cryptocurrency investment firm, recognizes that, and is actively working to prepare blockchain and Web 3.0 startups for the next bull cycle. Founded by CEO James Wo, DFG manages more than $1 billion assets, with a particular emphasison the Polkadot ecosystem such as Astar, Acala,, Efinity, Moonbeam, Unique,and. The firm has grown to become among the largest holders of Bitcoin, Avalanche, Polkadot, and Near tokens in Asia. Out of the many proof-of-stake (POS) networks, Wo sees Polkadot as fair, secure, and resilient. Polkadot’s heterogeneous multi-chain network allows for developers to create new projects more easily and affordably, and with its cross-chain interoperability, Polkadot can communicate with external networks such as Bitcoin and Ethereum. Beyond just focusing on Polkadot as a POS ecosystem, it’s proof-of-stake that DFG is betting on as the future of blockchain. Another POS network the fund has its eye on is Cosmos, the energy-efficient blockchain enabling blockchains to transfer value with each other through IBC and Peg-Zones, while letting them retain their sovereignty. DFG maintains a diversity of investments More than just establishing the Venture Equity Fund for investing in CeFi service providers, DFG has established Crypto Fund and the Polkadot Ecosystem Fund. The idea is to support projects that are innovative enough to prosper with the adequate funding. Currently, the fund has its eye on investing in up-and-coming infrastructure providers, such as ChainSafe and CypherMod. Although cryptostartups are some of the most high risk projects in which to invest, they can also reap the highestrewards.Bitcoin plunged to a value of one pennyright after hitting $1.00 a few days prior in 2011, losing 99% of its value in a few days. Yet, Bitcoin’s price rose again to $29.60 within three months, a 2,960%increase. Throughout the bear and bull cycles of the market, Bitcoin peaked at $67,566.83in November 2021. Ethereum’s success has fluctuated over the years as well. Still, with the help of venture capital investments including those of DFG’s, Ethereum currently has over 90% of the NFT market and its native token remains the most well-known altcoin. Optimism in the crypto space remains Regardless of crypto’s exciting surges, the crashes are ever-present, and the industry's volatility remains strong. Within the past few months of 2022, Bitcoin and Ethereum have both dropped more than 50%from their all-time highs in 2021. Still, despite harsh market conditions, investors’ interest in crypto persists. DFG is optimistic about the mainstream potential of the crypto market. Especially in the Asian region, the fund hopes local authorities will soon gain adeeper understanding of the blockchain industryso that VC’s mainstream acceptance of the crypto market will be possible. The bear market won’t last forever, and DFG is building the foundation for a successful bull run in the months or years to come. 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.
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7 days agocoindesk
BofA: Coinbase Is Well Positioned to Take Market Share During This Crypto Winter
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8 days agocryptosrus
Bitcoin realized price bands form key resistance as bulls lose $24K
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About NEAR Protocol

The live price of NEAR Protocol (NEAR) today is 5.1299 USD, and with the current circulating supply of NEAR Protocol at 764,612,864 NEAR, its market capitalization stands at 3,922,378,259 USD. In the last 24 hours NEAR price has moved -0.2996 USD or -0.06% while 153,357,620 USD worth of NEAR has been traded on various exchanges. The current valuation of NEAR puts it at #24 in cryptocurrency rankings based on market capitalization.

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

NEAR protocol is a Layer-1 blockchain that aims to incentivize a network of computers through its native token NEAR in order to create a platform for developers to program and launch decentralized applications in a user-friendly environment. 

NEAR protocol was founded in 2017 by Alex Skidanov, a former director of engineering at memSQL, a database company, and Illia Polosukhin, who previously worked at Google. After almost two years of development, the network launched in April 2020 and become community-operated in September 2020.

NEAR protocol’s mission is to create the ideal environment for the development of DApps by providing better security, lower gas fees, faster transactions, and improved interoperability through its concept of sharding and delegated proof-of-stake (DPoS) consensus mechanism called ‘DoomSlug’. The platform claims that it is more performant, usable, and less expensive than ETH

NEAR price

According to our NEAR/USD live price chart, NEAR’s first local peak came in early 2021, when NEAR price went from under $1 on Dec. 15, 2020, to over $7.5 in March. 13, 2021, marking a gain of more than 780%. However, in the coming months, the price of NEAR saw a downward trend and lost most of its gains as the crypto market crashed as a whole in May 2021.

In autumn 2021, the crypto market saw the bullish trend returning as major cryptocurrencies like BTC and ETH rallied, registering significant gains and setting new records. This bull run saw NEAR protocol set an all-time high, going from $2 in Aug 2021 to around $12 on Sep. 9, 2021, an increase of 370%+. However, the token hit a minor rough patch during the coming days as it traded below $8 but quickly managed to pick up from where it fell. 

NEAR protocol's price saw another strong rally in the coming days, setting a new all-time high of nearly $18 on Dec. 15, after Terra announced that it would issue its UST stablecoins — pegged 1:1 with the U.S dollar on the NEAR network.

Q1 2022 also saw positive developments for NEAR price, especially in January 2022, when NEAR set another all-time high at over $20.

How NEAR works

NEAR protocol was conceptualized as a community-run cloud computing platform capable of smart contract development. It was built by the NEAR collective to host decentralized applications and compete with Ethereum. Its native token NEAR can be used to pay for transaction fees, and storage, while also allowing users to stake tokens to participate in network consensus as transaction validators. 

NEAR operates similarly to Amazon Web Services (AWS) — a centralized data storage system on which applications are built. However, instead of being run and operated by a single institution, NEAR is maintained by a network of distributed computers. 

Built on the delegated proof-of-stake (DPoS) consensus mechanism, NEAR lets users who don't have the coins or computer parts to setup up their own validator nodes to delegate (stake or lend) their coins to others. Their proof-of-stake protocol is called DoomSlug, and it allows achieving block finality after just 1 round of communication, unlike ETH which takes roughly 35 blocks.

To achieve high throughput, speed, and scalability, NEAR uses its own sharding mechanism called Nightshade which processes 100,000 transactions per second (TPS). Sharding splits the platform's data into smaller fragments (shards) which are stored by participating nodes on the blockchain and the main blockchain has snapshots of all of these shards. With each node only responsible for its own code on the blockchain, nodes can conduct computation in parallel with each other, increasing network scalability as the number of nodes increases.

Besides the obvious lower gas fees and faster transactions, NEAR boasts another competitive edge over Ethereum — Aurora. Aurora is a Layer-2 scaling solution built using the Ethereum Virtual Machine (EVM) which enables developers to link and deploy ETH smart contracts and decentralized applications on the NEAR network smoothly.

NEAR news, updates, and highlights

In May 2020, during a fundraiser round led by Andreessen Horowitz, NEAR protocol raised $21.6 million. Celebrating the early launch of the NEAR protocol’s MainNet Genesis, the fundraiser was attended by Pantera Capital, Distributed Global, Blockchange, and many more. The new funds were to be used to give over the network’s governance to the community while handing over tokens to incentivize developers and investors around the world.

The launch of Aurora was announced by NEAR via Twitter on May. 12, 2021. As mentioned earlier, Aurora allows Ethereum-based smart contracts to be deployed on NEAR to benefit from extremely low gas fees and faster transaction times of the NEAR protocol.

NEAR protocol raised another $350 million in April. 6 2022, in funding led by hedge fund Tiger Global. The bid was put into motion to accelerate the decentralization of the NEAR ecosystem. Crypto investors present in this funding were Republic Capital, FTX Ventures, and Dragonfly Capital among others. This was NEAR’s second nine-figure raise in 2022.

Frequently asked questions about NEAR

  • Can you mine or stake NEAR?

NEAR is a proof-of-stake (PoS) blockchain, which means it cannot be mined. However, you can stake your NEAR tokens to vote on network governance, and network security or become a validator node to earn staking rewards.

  • What are some of the best NEAR wallets?

NEAR offers its own in-house software wallet which can be used for staking to earn rewards up to 5% per year. If you are looking for more software wallet options then Trust Wallet and Guarda are worth looking at. Among hardware wallets, Ledger Nano S, and Ledger Nano S Plus will work just fine.

  • What can you do with NEAR?

Users can use NEAR tokens to pay for transaction fees on the NEAR protocol network or stake them to become validators and earn rewards. NEAR tokens can also be traded for ETH tokens.

  • How to buy NEAR?

NEAR can be bought by exchanging your BTC, ETH, and USDT through exchanges like HitBTC or by using fiat currency on exchanges like MEXC Global.

NEAR Protocol Price5.1299 USD
Market Rank#24
Market Cap3,922,378,259 USD
24h Volume139,155,249 USD
Circulating Supply764,612,864 NEAR
Max Supply1,000,000,000 NEAR
Yesterday's Market Cap3,801,427,700 USD
Yesterday's Open / Close5.2713 USD / 4.9717 USD
Yesterday's High / Low5.4958 USD / 4.9388 USD
Yesterday's Change
-0.06% ( 0.2996 USD )
Yesterday's Volume153,357,620 USD
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