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Nervos Network(CKB)

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$0.01975
(25.98%)
0.00000029 BTC
Market Cap (Rank#113)
$862,415,986
12,795 BTC
Vol 24h
$202,728,622
3,008 BTC
Circulating Supply
43,666,503,275.98
Max Supply
?
13 days agocoindesk
U.S. Bans Crypto Addresses Tied to LockBit Ransomware Group From Financial System
The U.S. government tagged a number of bitcoin and ether addresses as being tied to the LockBit ransomware group, which was taken down on Monday.
28 days agocryptodaily
These Cryptos Could Lead Their Holders to Success in 2024
024 is shaping up to be a blockbuster year for crypto investors! Discover 5 low-cost altcoins that are set to lead their holders to massive success. Don't miss out on the explosive growth potential these cryptos offer in the midst of a market comeback and bull vibes!
89 days agocryptopotato
ProBit Global Unlocks Access to AI-Powered Web3 Projects With ChainGPT Listing
[PRESS RELEASE – Vilnius, Lithuania, December 6th, 2023] ProBit Global is excited to announce that CGPT, the utility token of ChainGPT, has been listed on the exchange. ChainGPT is a leading AI infrastructure project focused on developing AI-powered solutions for Web3. The CGPT token is the backbone of the ChainGPT ecosystem, powering AI tools, DAO […]
108 days agocryptopotato
Nervos Community Gears Up for First CKB Halving
[PRESS RELEASE – Tulum, Mexico, November 17th, 2023] CKB, the blockchain of the Nervos Network, is set to mark a significant milestone with its first halving on November 19th. This event will cut CKB’s hard-capped base issuance rate in half, bringing real inflation down from 7.92% to 3.77%, among the lowest across major Layer 1 […]
108 days agocryptodaily
Nervos Community Gears Up for First CKB Halving
Nervos Community Gears Up for First CKB Halving
151 day agocoindesk
Blackbird, Crypto Restaurant App, Raises $24M in Funding Led by A16z
The target audience is restaurant users, but the blockchain-based project comes with its own "Flypaper" and fungible FLY tokens.
174 days agocryptopotato
Octav Raises $2.65 Million to Help Label DeFi Transactions
[PRESS RELEASE – Montreal, Canada, September 12th, 2023] Octav, a DeFi labeling and tax reconciliation platform, raised a $2.65 million seed to help label the DeFi ecosystem and be the “Quickbooks of crypto.” “There hasn’t been a systematic way where the DeFi community can decipher all their transactions from block explorers and get their data […]
187 days agocryptodaily
The King of All Markets: Liquidity
Introduction If financial markets are an ocean, then liquidity is the water. Although definitions of liquidity vary between the availability of cash and the cash itself, one thing is for certain; just as an ocean cannot exist without water, a market cannot function without liquidity. Meanwhile, the flow of liquidity between markets can make or break them. Furthermore, the liquidity of a particular asset, cryptocurrency for example, is an important indicator of their viability as well as an essential element of their tradability. Thus, in financial markets, liquidity truly is king! Understanding Markets: Why Liquidity is King Before jumping into its importance, let us define the concept. Liquidity, in its most fundamental sense, refers to the ease with which an asset can be bought or sold in the market. This tradability often correlates with the availability of the asset and is therefore conflated with the relative quantity of the asset itself. Accordingly, liquidity is discussed in relation to an individual or group allocating their funds to an opportunity in addition to the liquidity of an asset or market itself. Nevertheless, liquidity in both forms is critical, with its importance having been recognised by numerous economists and financial theorists throughout history. For instance, Nobel laureate Eugene Fama highlighted liquidity's role in ensuring that asset prices fully reflect all available information, as stated in his Efficient Market Hypothesis. The concept of liquidity is multifaceted, encompassing aspects such as market depth, immediacy, and tightness. Market depth refers to the exchange’s ability to handle large orders without significant price changes that occur following a trade, known as slippage. Immediacy is the speed at which orders can be executed. Finally, tightness refers to the spread between the bid (purchase) and ask (sale) prices. A market is considered highly liquid if it possesses depth, immediacy, and tight spreads in the order book, allowing for efficient price discovery and minimal transaction costs. In the burgeoning world of decentralised finance (DeFi), liquidity takes on a newfound importance. Liquidity in these markets is often provided by liquidity providers (LPs) who pool their assets in smart contracts. These liquidity pools are used to facilitate trading activities on decentralised exchanges (DEXs), with LPs earning fees in return. The concept of Automated Market Makers (AMMs), pioneered by platforms like Uniswap, hinges on this principle of liquidity provision. The importance of liquidity in these markets cannot be overstated. It is the cornerstone upon which the promise of DeFi - a truly open, inclusive, and efficient financial system - is built. The Role of Liquidity in Driving DeFi Innovation The management of liquidity and the maximisation of capital efficiency have been pivotal in driving the continued innovation of DEXs in the DeFi landscape. As the backbone of DeFi, DEXs have had to constantly evolve and adapt to the challenges posed by the unique characteristics of the crypto market, particularly its volatility and the fragmentation of liquidity. The quest for efficient liquidity management and capital utilisation has led to the development of novel mechanisms and protocols. Uniswap, one of the pioneers of the AMM model, serves as a prime example of this liquidity-driven innovation In its initial iteration, Uniswap V1, the platform introduced the concept of liquidity pools, where users could deposit equal values of ETH and any Ethereum Request for Comment 20 standard token (ERC-20) to create a market. While this model was revolutionary, it had its limitations, particularly in terms of capital efficiency. The 50/50 liquidity provision requirement meant that capital was often underutilised, especially for pairs with significant price disparity. In response to this, Uniswap V2 introduced several improvements, including the ability to create direct pairs between any two ERC-20 tokens, thereby improving capital efficiency. However, the most significant leap came with Uniswap V3, which introduced concentrated liquidity. This feature allows liquidity providers to specify price ranges for their liquidity, thereby maximising capital efficiency. Using this model, LPs can provide liquidity only at price levels where they anticipate trading activity, ensuring they are constantly making use of the liquidity in pools. This innovation has not only improved capital efficiency but reduced slippage, benefiting traders. The evolution of Uniswap and the broader DeFi landscape underscores the critical role of liquidity management and capital efficiency in driving innovation. As the DeFi space continues to mature, the quest for improved liquidity and capital utilisation will undoubtedly continue to shape its trajectory. From the development of more sophisticated AMM models to the integration of cross-chain and layer 2 solutions, the pursuit of liquidity and capital efficiency will remain at the forefront of DeFi innovation. The role of liquidity in driving DeFi innovation is not only significant yet concurrently transformative, shaping the future of finance in profound and novel ways. Taking the Next Step with Elektrik Despite the progress made by protocols such as Uniswap V3, liquidity in web3 is still critically underutilised. While DeFi boasts a number of protocols that offer high levels of capital efficiency, the relatively small amount of liquidity present in the market often causes issues, particularly as it pertains to the cold start problem. At its core, the cold start problem refers to the challenge of launching a new product or service in a market where network effects are prevalent. In such markets, the value of the product or service increases with the number of users, creating a virtuous cycle of growth. However, this also means that when a product or service is first launched, it has little to no value as there are no users yet. Subsequently, at a fundamental level, the cold-start problem can be understood through a question - in an environment where users extract value from the existence of other users, why would the initial wave of users remain in the environment? This problem is faced not only by newly minted protocols aiming to facilitate the liquidity of their own token, but also newly created DEXs looking to establish a base of liquidity providers for trading. Without this base, tokens would be untradable and the DEX would subsequently be rendered ineffective. Hence, the importance of implementing effective measures to foster the highest level of capital efficiency possible becomes clear, DEXs are seeking to overcome the cold-start problem with as little liquidity as possible whereby traders always face a positive experience. Elektrik is one such DEX looking to solve this problem, implementing effective capital efficiency measures to facilitate high volume trading from its inception. Incidentally, this necessitates the adoption of novel and creative mechanisms to attract LPs and manipulate liquidity so that it is always available where needed. While traditional DEXs, such as Uniswap, have taken strides in this regard, Elektrik represents a new wave of DeFi protocols that can achieve more with less liquidity. How Does Elektrik Work? Elektrik is a DEX protocol built on the Lightlink Network. In its first iteration, Elektrik V1, the DEX plans to implement itself as a fork of the revolutionary Uniswap V3 architecture. As a fork of Uniswap V3, Elektrik carries forward the proven AMM model, enhancing it with the unique capabilities and features of the Lightlink network. This AMM model allows users to trade directly with the smart contract on the platform. Users can also become LPs by depositing assets into the liquidity pools and earn fees from the trading activity. This design is intended to provide efficient and flexible trading opportunities for all users. The protocol is built on Lightlink, a layer 2 blockchain secured by Ethereum, purposefully built for Metaverse, NFT, and Gaming applications. By harnessing the power of the Lightlink network, Elektrik is able to offer an efficient and seamless trading experience for its users. Most importantly, Lightlink offers a unique feature referred to as ‘enterprise mode’ which allows organisations to pay a monthly fee, covering its users’ gas costs, to simplify users' experiences when transacting with ERC20 and ERC721 smart contracts, effectively bypassing native gas costs. This feature, combined with Lightlink's low transaction fees and high speed, provides Elektrik with a significant advantage over other DEXs built on more traditional blockchains. Elektrik's design as a Uniswap V3 fork also brings with it a number of benefits. For instance, Elektrik, like Uniswap V3, provides higher capital efficiency compared to its predecessors by allowing liquidity providers to provide liquidity in concentrated price ranges, which, for sophisticated and active LPs, can potentially lead to higher returns. Furthermore, Elektrik supports single-sided liquidity provisioning, enabling LPs to deposit only one type of asset in a trading pair, reducing the risks associated with price fluctuations. In terms of fee structure, Elektrik implements an adaptive fee structure that dynamically adjusts fees based on market conditions and liquidity utilisation. This is achieved through the introduction of multiple fee tiers for each pair: 0.05%, 0.30%, and 1.00%. These options allow LPs to adjust their margins based on the expected volatility of the pair. For example, LPs can choose to take on more risk with non-correlated pairs like ETH/DAI, or minimal risk with correlated pairs like USDC/DAI, and select the fee tier that best compensates them for this risk. This ensures competitive fees for users while maintaining incentives for liquidity providers. By adapting fees to market conditions, Elektrik aims to promote efficient market participation and attract liquidity. Moreover, Elektrik introduces enhanced capital efficiency by utilising multiple fee tiers within liquidity pools. Liquidity providers can allocate their funds to different fee tiers, optimising their capital allocation and earning potential. This feature encourages efficient capital deployment and enables liquidity providers to maximise their returns. Understanding Elektrik V2’s Liquidity Model Although Elektrik is initially being released via the aforementioned Uniswap V3 model, Elektrik V2 plans to implement an innovative AMM. The Elektrik V2 platform represents a significant advancement in the realm of decentralised exchanges, distinguished by its incorporation of abstracted AMM, Artificial Intelligence (AI), Reinforced Learning (RL), and dynamic smart contracts. Central to Elektrik's proposition is its commitment to capital efficiency, ensuring that liquidity is not merely present but is deployed judiciously for optimal trading outcomes. The Dynamic Liquidity Provision (DLP) mechanism is pivotal in this regard, meticulously adjusting liquidity with each block on the LightLink network to meet the precise requirements of liquidity providers. While Elektrik V1 allows for LPs to add liquidity to particular price ranges, Elektrik V2 harnesses the power of AI to anticipate and modulate liquidity in the inherently unpredictable cryptocurrency market. While conventional AI models may falter in such volatile environments, Elektrik's model is characterised by its dynamic adaptability. It undergoes continuous training on a diverse array of data, both internal to Elektrik and from external sources, ensuring its models remain contemporaneous and pertinent. This perpetual refinement is instrumental in ensuring that liquidity is judiciously allocated, responding adeptly to market fluctuations and safeguarding optimal trading conditions. The decision-making prowess of this AI is further enhanced by the principles of Reinforcement Learning (RL). To elaborate, RL operates on a paradigm wherein the system discerns optimal actions through a process of iterative trial and error. Within Elektrik's operational framework, RL assists in determining the most efficacious deployment of liquidity, harmonising the dual objectives of return maximisation and risk minimization. By synergizing dynamic AI with RL, Elektrik underscores its commitment to the judicious management of liquidity, thereby promising an unparalleled trading experience driven by precision and efficiency. Comparing Elektrik to the Competition Since 2021, the DEX landscape has been dominated by Uniswap V2-style DEXs, with many implementing the tried-and-tested x * y = k algorithm and spreading liquidity evenly across all price ranges. This can lead to inefficiencies, especially those associated with use of capital. If liquidity is dispersed across all price ranges, each pool will require a larger amount of liquidity to facilitate the same amount of volume. Consequently, more trading fees are dispersed to a greater number of parties and traders must be charged higher fees in order to provide LPs with the same level of yield. With the advent of Uniswap V3 in 2022, the DEX landscape has likewise undergone a subsequent evolution, with concentrated liquidity models becoming increasingly prevalent in DeFi. Nevertheless, these types of models often require manual rebalancing of liquidity or custom automated strategies by LPs, which can be relatively inefficient. Thus, even the relatively recent AMM models possess inherent flaws with regards to their management of idle liquidity that make them ineffective solutions when compared to next generation AMMs such as that implemented by Elektrik V2. Elektrik V2 and similar DEXs will offer far greater flexibility than their contemporaries. The greater capital efficiency facilitated by the continuous rebalancing and concentration of liquidity will allow protocols to handle high volume trading with relatively insignificant liquidity. Thus trading fees for users can be reduced and those which are earned can be dispersed between fewer LPs, providing incentives for the participation of users and LPs alike. Another key advantage of an automatic liquidity rebalancing model is the potential reduction in impermanent loss. Impermanent loss is a risk faced by LPs in traditional AMMs when the price of the assets in a pool diverges. By automatically adjusting liquidity to follow price movements, a DEX implementing this model can ensure that a LP’s liquidity is never concentrated in one side of a pool, mitigating the effects of impermanent loss. This means LPs are less likely to be holding the wrong asset when prices change, which can lead to more stable and predictable returns. Notably, this model does possess some inherent challenges, particularly associated with the potential incorporation of machine learning for liquidity rebalancing. After all, if the AI makes an incorrect judgment, then the actual price range will have less liquidity than if the prediction were correct. However it is important to note that any particular price range would never be completely devoid of liquidity due to the use of a price weighting model by the AI, which allocates liquidity to certain price ranges depending on the likelihood that the price will be achieved. Furthermore, the learning curve for LPs in actually understanding and grasping this system may pose some challenges to adoption. Nevertheless, these challenges can be solved via frequent rebalancing and user interface abstraction for a more seamless user experience. Conclusion The very definition of liquidity as the ability to quickly and effortlessly buy or sell assets, is the essence of a functional market, be it the financial markets at large or the intricate DeFi space. Its influence extends throughout history, where liquidity has ruled the dynamic and ever-evolving landscape of markets and as we have found, continues to influence the modern financial system - even in the context of DeFi. Therefore, it's evident that DeFi markets, such as Elektrik, which foster liquidity and allocate it efficiently, are likely to remain at the forefront of their respective industries. Therefore, it's evident that DeFi markets, such as Elektrik, which foster liquidity and allocate it efficiently, are likely to remain at the forefront of their respective industries. Consequently, as one of the principal determinants of market and asset success, liquidity, as championed by platforms such as Elektrik, will continue to drive innovation, incentivize adoption, and remain paramount in financial markets. 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.
189 days agocryptodaily
Staynex Announces Exclusive Partnership with Miss Grand International in Vietnam
HCMC, Vietnam, August 28th, 2023, Chainwire Staynex has officially announced its collaboration with the highly-acclaimed Miss Grand International in Vietnam. Spanning across major cities, this event promises to be an exhilarating fusion of culture, beauty, and hospitality. "Established based on the goal of 'elevating the travel-resort experience', Staynex hopes that collaborating with a global ambassador will quickly spread the unique and different experiences brought by the platform to customers worldwide." says Tim Duong, COO at Staynex. Highlights of the Partnership: - Pan-Country Presence: The beauty pageant, renowned globally, will be hosted in major cities across Vietnam. Staynex's platform will serve as the hospitality backbone, with its affiliated hotels providing premium accommodations for pageants and organizers. - Global Representation: The event boasts of participation from many countries, celebrating the diverse tapestry of beauty and culture from every corner of the globe. - Innovative Engagement: Upping the ante in audience engagement, each contestant will be provided with a unique referral code. Their followers can utilize these codes to register for a Staynex subscription. This not only offers the followers a 12-month subscription at the price of 10 months ($10 a year or $1 a month), but they also get 2 additional months absolutely free. - Empowering Votes: Staynex is weaving its user acquisition drive seamlessly into the pageant process. Every successful referral and subscription through the contestant's code will be counted as one vote. This adds a fresh dynamic to the traditional voting mechanism, allowing fans to directly influence the competition's outcome while benefiting from Staynex's offerings. "We are excited to provide a platform where fans can actively participate in the success of their favorite contestants. This initiative is not just about crowning a winner, but also about expanding the Staynex community in a meaningful and engaging manner," adds Tim Duong, COO at Staynex. With beauty, talent, and hospitality coming together under one banner, the Miss Grand International in Vietnam promises to be a truly grand spectacle. Staynex's partnership further cements its commitment to promoting exceptional experiences and forging community ties on a global scale. --- About Staynex™ Staynex™, operating as part of the Labs Group Ecosystem, is a global vacation club platform aiming to reshape the travel and hospitality industry. It utilizes advanced technologies like artificial intelligence and Web3 to improve individual travel experiences and streamline corporate travel bookings. Staynex™ is committed to continuous service enhancement and global expansion, fostering a vision of making travel more accessible, efficient, and enjoyable for everyone. --- About Miss Grand International Miss Grand International (MGI) Pageant is a world-class center of creativity and entertainment, raising the level of the world’s beauty pageant industry, creating Soft Power to be the leader in the international beauty pageant arena, and expanding branding to all over the world. Miss Grand International (MGI) is regarded as an international beauty pageant with an increasing number of followers and popularity on social media and the fastest growing beauty pageant. Miss Grand International (MGI) has now become the world’s leading international beauty pageant and one of the 5 Gland Slam Beauty Pageants along with Miss Universe, Miss World, Miss International and Miss Supranational. For Partnerships & Investing: [email protected] Contact CEO of Staynex™Bernard [email protected]
189 days agocryptodaily
Staynex Announces Exclusive Partnership with Miss Grand International in Vietnam
HCMC, Vietnam, August 28th, 2023, Chainwire Staynex has officially announced its collaboration with the highly-acclaimed Miss Grand International in Vietnam. Spanning across major cities, this event promises to be an exhilarating fusion of culture, beauty, and hospitality. "Established based on the goal of 'elevating the travel-resort experience', Staynex hopes that collaborating with a global ambassador will quickly spread the unique and different experiences brought by the platform to customers worldwide." says Tim Duong, COO at Staynex. Highlights of the Partnership: - Pan-Country Presence: The beauty pageant, renowned globally, will be hosted in major cities across Vietnam. Staynex's platform will serve as the hospitality backbone, with its affiliated hotels providing premium accommodations for pageants and organizers. - Global Representation: The event boasts of participation from many countries, celebrating the diverse tapestry of beauty and culture from every corner of the globe. - Innovative Engagement: Upping the ante in audience engagement, each contestant will be provided with a unique referral code. Their followers can utilize these codes to register for a Staynex subscription. This not only offers the followers a 12-month subscription at the price of 10 months ($10 a year or $1 a month), but they also get 2 additional months absolutely free. - Empowering Votes: Staynex is weaving its user acquisition drive seamlessly into the pageant process. Every successful referral and subscription through the contestant's code will be counted as one vote. This adds a fresh dynamic to the traditional voting mechanism, allowing fans to directly influence the competition's outcome while benefiting from Staynex's offerings. "We are excited to provide a platform where fans can actively participate in the success of their favorite contestants. This initiative is not just about crowning a winner, but also about expanding the Staynex community in a meaningful and engaging manner," adds Tim Duong, COO at Staynex. With beauty, talent, and hospitality coming together under one banner, the Miss Grand International in Vietnam promises to be a truly grand spectacle. Staynex's partnership further cements its commitment to promoting exceptional experiences and forging community ties on a global scale. --- About Staynex™ Staynex™, operating as part of the Labs Group Ecosystem, is a global vacation club platform aiming to reshape the travel and hospitality industry. It utilizes advanced technologies like artificial intelligence and Web3 to improve individual travel experiences and streamline corporate travel bookings. Staynex™ is committed to continuous service enhancement and global expansion, fostering a vision of making travel more accessible, efficient, and enjoyable for everyone. --- About Miss Grand International Miss Grand International (MGI) Pageant is a world-class center of creativity and entertainment, raising the level of the world’s beauty pageant industry, creating Soft Power to be the leader in the international beauty pageant arena, and expanding branding to all over the world. Miss Grand International (MGI) is regarded as an international beauty pageant with an increasing number of followers and popularity on social media and the fastest growing beauty pageant. Miss Grand International (MGI) has now become the world’s leading international beauty pageant and one of the 5 Gland Slam Beauty Pageants along with Miss Universe, Miss World, Miss International and Miss Supranational. For Partnerships & Investing: [email protected] Contact CEO of Staynex™Bernard [email protected]
199 days agocryptodaily
Launching Rangers Protocol Node Management Platform 2.0: Empowering Node Operators
Singapore, Singapore, August 18th, 2023, ChainwireRangers Protocol is excited to unveil its Node Management Platform 2.0, an innovative multi-functional tool designed to provide comprehensive support in node hosting. This major update not only streamlines the process for users to become verification nodes but also introduces powerful features such as the Delegated Staking System. This upgrade is a testament to Rangers Protocol's commitment to fostering an efficient and inclusive blockchain ecosystem.BackgroundRangers Protocol has consistently enabled users to access a high-performing Mainnet blockchain, a secure Connector for cross-chain transport and public chain interconnection, an optimized Sub-Chain for gaming AppChains, and a fully Ethereum-compatible REVM. Its comprehensive infrastructure has made it an essential tool for the Web3 ecosystem.A recent highlight of Rangers Protocol's capability was its support for MetaCene, a post-apocalyptic MMORPG. Successfully deployed on Rangers Protocol’s Robin Testnet, MetaCene showcased the performance and scalability of Rangers Protocol's blockchain technology. This application, among others, illustrates the potential of Rangers Protocol in fostering an efficient and decentralized Web3 ecosystem.Introducing Node Management Platform 2.0Rangers Protocol's Node Management Platform 2.0 is a one-stop solution for all user needs in node services and portfolio management. It offers features that cater to a wide range of users, from expert miners and investors to blockchain enthusiasts.Main FeaturesWallet Account Management & Top Up: Users can easily register or log in using their email address, top up their hot wallets, and review top-up history.Aggregated Application Processes: Node server purchasing, validator application, and mine owner application are now consolidated under one dashboard, offering users greater flexibility and ease of navigation.Validator Center for Delegated Staking: Users can view, add, and look up all active validator nodes under the Validator Center, and review information about delegators, stakings, and rewards.Delegated Staking System: This integrated system enables ecosystem nodes to open for delegations and benefit from customized commissions, while mass investors can delegate their RPG tokens to preferred nodes and enjoy distributed rewards.Node Hosting Management: Users can review and modify their nodes and delegate under the Portfolio tab, including real-time node data on the Rangers Protocol decentralized network.Data Interface: Users can view ecosystem nodes, monitor earnings, and gain quantitative insight on node performances with the Calculator feature.Redefining the Node Management Experience:The release of Node Management Platform 2.0 represents more than just an update — it is a transformative shift towards a more cohesive and intuitive experience for node operators. Rangers Protocol has consolidated essential features under a single dashboard, streamlining the process and simplifying navigation to make it easier for even those new to the blockchain industry to join the RP verification network. Furthermore, the addition of the Calculator feature provides miners with insights into their income and earnings, making monitoring straightforward and transparent. This new platform is not only accessible and user-friendly but also affordable, allowing users to join for free and rent a node at an industry-competitive price of 300 $USDT per month. By doing so, they can tap into the vast potential of the decentralized ecosystem and gain steady $RPG rewards. This comprehensive approach ensures that node hosting is more accessible, efficient, and rewarding than ever before, setting a new standard in the field of node management."Rangers Protocol is revolutionizing node hosting and management with the launch of Node Management Platform 2.0. With its advanced features and user-friendly interface, we are empowering node operators and setting new standards in the blockchain industry." – Nicolas Zhu, CBO, Rangers ProtocolRangers Protocol's Node Management Platform 2.0 reaffirms the company's commitment to fostering an efficient and inclusive blockchain ecosystem. With its comprehensive features and user-centered design, it offers unprecedented value to node operators, setting a new benchmark for node hosting and management. As the blockchain industry continues to grow, Rangers Protocol's cutting-edge solutions are poised to play a pivotal role in shaping the future of this technology.About Rangers ProtocolRangers Protocol is the backbone of a Web3 engine for creating immersive Web3 applications. It minimizes the development difficulty for Web3 developers and maximizes the user experience of its Web3 applications. Rangers Protocol provides comprehensive infrastructures for efficient complex-app development, successful cross-chain and mass distribution, diverse in-app NFT and DeFi features, and more. Through its full EVM compatibility, strategic industry partnerships, and curated all-in-one IDE, Rangers Protocol supports AAA and indie developers to succeed in the Web3 world.ContactCBONicolas ZhuRangers [email protected]
199 days agocryptodaily
Launching Rangers Protocol Node Management Platform 2.0: Empowering Node Operators
Singapore, Singapore, August 18th, 2023, ChainwireRangers Protocol is excited to unveil its Node Management Platform 2.0, an innovative multi-functional tool designed to provide comprehensive support in node hosting. This major update not only streamlines the process for users to become verification nodes but also introduces powerful features such as the Delegated Staking System. This upgrade is a testament to Rangers Protocol's commitment to fostering an efficient and inclusive blockchain ecosystem.BackgroundRangers Protocol has consistently enabled users to access a high-performing Mainnet blockchain, a secure Connector for cross-chain transport and public chain interconnection, an optimized Sub-Chain for gaming AppChains, and a fully Ethereum-compatible REVM. Its comprehensive infrastructure has made it an essential tool for the Web3 ecosystem.A recent highlight of Rangers Protocol's capability was its support for MetaCene, a post-apocalyptic MMORPG. Successfully deployed on Rangers Protocol’s Robin Testnet, MetaCene showcased the performance and scalability of Rangers Protocol's blockchain technology. This application, among others, illustrates the potential of Rangers Protocol in fostering an efficient and decentralized Web3 ecosystem.Introducing Node Management Platform 2.0Rangers Protocol's Node Management Platform 2.0 is a one-stop solution for all user needs in node services and portfolio management. It offers features that cater to a wide range of users, from expert miners and investors to blockchain enthusiasts.Main FeaturesWallet Account Management & Top Up: Users can easily register or log in using their email address, top up their hot wallets, and review top-up history.Aggregated Application Processes: Node server purchasing, validator application, and mine owner application are now consolidated under one dashboard, offering users greater flexibility and ease of navigation.Validator Center for Delegated Staking: Users can view, add, and look up all active validator nodes under the Validator Center, and review information about delegators, stakings, and rewards.Delegated Staking System: This integrated system enables ecosystem nodes to open for delegations and benefit from customized commissions, while mass investors can delegate their RPG tokens to preferred nodes and enjoy distributed rewards.Node Hosting Management: Users can review and modify their nodes and delegate under the Portfolio tab, including real-time node data on the Rangers Protocol decentralized network.Data Interface: Users can view ecosystem nodes, monitor earnings, and gain quantitative insight on node performances with the Calculator feature.Redefining the Node Management Experience:The release of Node Management Platform 2.0 represents more than just an update — it is a transformative shift towards a more cohesive and intuitive experience for node operators. Rangers Protocol has consolidated essential features under a single dashboard, streamlining the process and simplifying navigation to make it easier for even those new to the blockchain industry to join the RP verification network. Furthermore, the addition of the Calculator feature provides miners with insights into their income and earnings, making monitoring straightforward and transparent. This new platform is not only accessible and user-friendly but also affordable, allowing users to join for free and rent a node at an industry-competitive price of 300 $USDT per month. By doing so, they can tap into the vast potential of the decentralized ecosystem and gain steady $RPG rewards. This comprehensive approach ensures that node hosting is more accessible, efficient, and rewarding than ever before, setting a new standard in the field of node management."Rangers Protocol is revolutionizing node hosting and management with the launch of Node Management Platform 2.0. With its advanced features and user-friendly interface, we are empowering node operators and setting new standards in the blockchain industry." – Nicolas Zhu, CBO, Rangers ProtocolRangers Protocol's Node Management Platform 2.0 reaffirms the company's commitment to fostering an efficient and inclusive blockchain ecosystem. With its comprehensive features and user-centered design, it offers unprecedented value to node operators, setting a new benchmark for node hosting and management. As the blockchain industry continues to grow, Rangers Protocol's cutting-edge solutions are poised to play a pivotal role in shaping the future of this technology.About Rangers ProtocolRangers Protocol is the backbone of a Web3 engine for creating immersive Web3 applications. It minimizes the development difficulty for Web3 developers and maximizes the user experience of its Web3 applications. Rangers Protocol provides comprehensive infrastructures for efficient complex-app development, successful cross-chain and mass distribution, diverse in-app NFT and DeFi features, and more. Through its full EVM compatibility, strategic industry partnerships, and curated all-in-one IDE, Rangers Protocol supports AAA and indie developers to succeed in the Web3 world.ContactCBONicolas ZhuRangers [email protected]
211 days agocryptodaily
Crypto Weekly Roundup: Curve Exploit, BALD Drama, And More
The Curve Finance exploit has hit the crypto markets hard, with several stablecoin pools on the platform being drained and unsettling the pricing and liquidity of numerous DeFi services. Let’s find out more. Bitcoin Miami Mayor Francis Suarez announced that he is officially accepting Bitcoin for his presidential campaign donations. Ilya Lichtenstein admitted to laundering the $4.5B worth of Bitcoin stolen during the 2016 Bitfinex attack; his wife, Heather Morgan, also pleaded guilty. Michael Saylor, CEO of Microstrategy, recently said that his company will keep buying more Bitcoin. The company’s latest purchase of 467 BTCs has pushed its Q2 profits significantly higher. A currency swap with the PBoC and a loan from the Development Bank of Latin America helped the Argentine central bank meet its $3.7 billion obligation to the IMF. The Bitcoin bull market is going through the same three steps it has taken in its previous bull markets. Ethereum ProShares has become the eleventh to apply to the U.S. Securities and Exchange Commission (SEC) to register an Ether exchange-traded fund (ETF). DeFi DeFi platforms Curve Finance, Alchemix, and Metronome have announced a joint initiative to recover the stolen funds in the wake of the recent exploits that hit Curve’s pools. Curve Finance and CEO Michael Egorov have received support from prominent names in the crypto space, including Justin Sun and DCF God. After the Curve exploits, Upbit, the largest cryptocurrency exchange in South Korea, has temporarily suspended CRV withdrawals and deposits. Altcoins As bitcoin moves sideways and downward, the altcoins are hit harder as usual, with around $40 billion having been wiped off of the combined market cap of all altcoins. As Bitcoin approaches its own halving next year, Litecoin’s halving has already arrived, as miner block rewards go from 12.5 to 6.25 LTC per block. Arkham Intel Exchange’s first bounty has unearthed evidence of undisclosed wallets containing $160 million worth of digital assets tied to Do Kwon and Terraform Labs. Technology Identity and financial public network, Worldcoin has revealed plans to allow companies and governments everywhere to use its ID system. Business Bankrupt cryptocurrency lending platform BlockFi's restructuring plan has taken a step closer to fruition, as the firm announced that its disclosure statement had received conditional approval from the U.S. Bankruptcy Court in New Jersey. Genesis Global Holdco LLC, and FTX Trading Ltd., two crypto companies navigating bankruptcy, have announced an in-principle agreement to resolve a dispute central to their respective Chapter 11 cases. Ozzy entrepreneur Russell Ty Wilson has taken his crypto exchange Coinspot to incredible heights despite a huge scam by tracking down perpetrators. Regulation SEC Chair Gary Gensler has expressed serious concern for AI technology, calling it a serious threat to financial markets. Laura Swain, the Chief Judge of the U.S. District Court for the Southern District Of New York, has dismissed a class action lawsuit against USDT issuer Tether and its sister company Bitfinex. In light of the evolving regulatory landscape surrounding digital currencies in the US, Revolut has decided to shut down its crypto offerings in the country. Hong Kong's Hashkey Exchange has become the first cryptocurrency platform in the city-state to upgrade its type 1 and type 7 licenses, thus obtaining approval to serve retail customers. An Australian financial regulator has sued the eToro crypto trading platform over “volatile” trading products. Prominent lawmakers have urged the Biden administration to initiate a crackdown on crypto tax evaders and enforce tax reporting guidelines for users in the crypto space. In a nightmare scenario, a report has claimed that DoJ officials are contemplating bringing fraud charges against Binance, the world’s largest cryptocurrency exchange. A congressional committee in the United States is currently investigating asset management firm BlackRock for its role in facilitating investments into Chinese companies that the U.S. government has blacklisted. Bankrupt crypto platform, Voyager Digital Holdings Inc., may have been a victim of a hacking attack during the court-supervised process of liquidating assets to repay its customers. Dubai's financial landscape has witnessed a significant development with the awarding of a full crypto license to Laser Digital Middle East FZE, a subsidiary of Nomura Holdings Inc. An unsettling rumor is suggesting a potential link between the liquidity pull on the BALD meme coin to the already embattled ex-CEO of FTX, Sam Bankman-Fried. Coinbase CEO Brian Armstrong has revealed that the SEC had asked Coinbase to halt all cryptocurrency trading, except that of Bitcoin. NFT Gaming giant GameStop Corp is set to discontinue its digital wallets owing to the "regulatory uncertainty of the crypto space," the company announced in a notice posted on its website. Web3 Leading web3 company Yuga Labs has announced its agreement to acquire tech innovator Roar Studios to bolster its ambitions Otherside project. Japan’s Blockchain Association (JBA) reportedly urged the government to revise tax rules imposed on virtual assets. Former smartphone giant BlackBerry’s cybersecurity division has identified notorious malware families exclusively targeting cryptocurrencies and the crypto ecosystem. A scammer stole $20 million worth of Tether (USDT) on the 1st of August, using a zero transfer phishing attack. Decentralized exchange LeetSwap, built on Coinbase’s Layer 2 blockchain Base, recently suspended trading due to fears of a potential exploit. The Curve Finance exploit has put more than $100 million in cryptocurrency at risk, intensifying security concerns in Ethereum's DeFi ecosystem. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
212 days agocryptopotato
Crypto Industry Ripe for Fradusters, BlackBerry Stops 1.5 Million Attacks in 2 Months: Report
BlackBerry found that threat actors are increasingly diversifying tooling to hijack devices to mine or steal crypto.
213 days agocryptodaily
BlackBerry Identifies Notorious Malware Targeting Crypto
Former smartphone giant BlackBerry’s cybersecurity division has identified notorious malware families that are exclusively targeting cryptocurrencies and the crypto ecosystem. Prominent malware includes the likes of RaccoonStealer, SmokeLoader, and Vidar, which hijack computers belonging to unsuspecting users for crypto mining or theft. BlackBerry Identifies Significant Threats The findings were published in a “Global Threat Intelligence Report” published on Thursday. In the report, the former smartphone giant states that they successfully averted over 1.5 million cyberattacks between the months of March and May. The company added that the primary target of these attacks was the healthcare, financial, and government sectors. BlackBerry published the report on X, stating, “Think only enterprises get hacked? If you’re a mid-market or small business, you still have a big target on your small or mid-size back. BlackBerry’s@aboutsecurity shares why cybercriminals select targets based on impact & how much they’re willing to pay.” One of the most significant threats identified during this period was RedLine, a commodity malware that can harvest information such as saved credentials, crypto, and credit card information. RedLine was used to breach Hatch Bank, a fintech banking platform, leading to the loss of significant banking data and crypto. BlackBerry noted in its report, “During this reporting period, BlackBerry telemetry observed a continuous trend in the use of commodity malware such as RedLine, which can harvest information including saved credentials, credit card information, and cryptocurrency.” Malware Targeting Crypto The company also identified several other malware families specifically designed to hijack and use computers for mining purposes. These include RaccoonStealer, Vidar, and SmokeLoader. SmokeLoader, a rogue financial tool, is of particular concern and has been used by Russian hackers and threat actors for rogue crypto mining. RaccoonStealer, a malware that can be sourced from the dark web, has been designed to specifically target crypto wallets and steal information. The malware is capable of obtaining passwords, cookies, web browser data, and cryptocurrency wallet data. Another malware, Vidar, targets Linux users and extracts information from crypto wallets and exchanges. Hackers routinely target Linux systems because they are vulnerable to mining attacks. BlackBerry has advised companies to apply security patches to secure themselves from attacks orchestrated by the malware families in question. “Vidar harvests banking information, browser credentials, and cryptocurrency wallets, as well as standard files.” The report also highlighted the Clop ransomware, which was used to target banking and financial institutions. This particular ransomware was also responsible for a data breach at Hatch Bank. The report also highlighted the growing threat to critical sectors from hackers and such malware, emphasizing the importance and urgency for companies to bolster their cybersecurity practices to counter these threats. Hackers have also introduced the Promotei botnet to target Linux-based servers to mine cryptocurrencies such as Monero. Given the botnet’s advanced features, tracing and stopping it has been notoriously difficult. The Crypto Space And Cybersecurity SonicWall, a cybersecurity firm, has, in a recent report, stated that crypto-jacking incidents have risen a staggering 399% year-on-year. Most of the entities behind these attempts are based in regions where mining bans and sanctions are in force. An estimate by Statista projects the cybersecurity market to reach $162 billion in 2023 on the back of increasing threats to the crypto ecosystem. The most recent hack targeting an exchange occurred on the 22nd of July when North Korean hackers from the notorious Lazarus Group targeted the Coinspaid exchange and stole around $37 million. 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.
214 days agocointelegraph
BlackBerry reveals top crypto-focused malware amid rising cyberthreats
When it comes to Blackberry’s list of the most prevalent malware families, SmokeLoader, RaccoonStealer (also known as RecordBreaker) and Vidar top the charts.
215 days agocoindesk
Why You Should Care About Litecoin: It's the Backbone of Dogecoin
Litecoin, a blockchain cloned from Bitcoin in 2011 that underwent a key milestone on Wednesday known as a “halving,” provides network security to Dogecoin via a process called “merged mining.”
284 days agocoindesk
Nvidia's Blockbuster Outlook Reminds Bitcoin Miners to Give AI a Look
Bitcoin miners might find non-mining AI applications too tantalizing to pass up.
336 days agocryptopotato
Dfinity Unveils ckBTC for Faster and Affordable Bitcoin Transactions
The developers compared the token to a liquid form of bitcoin that dramatically slashes confirmation times and fees.
336 days agocoindesk
Internet Computer Issues ‘Liquid Bitcoin,’ for Faster and Affordable BTC Transactions
ckBTC brings layer-2 capabilities to Bitcoin, providing faster and cheaper transactions on the Internet Computer while also ensuring greater security and decentralization than other BTC-pegged tokens.
1812 days agocryptodaily
Why I Blockgasmed After Coming Across The Crypto Movie Trailer
According to my meticulous calculations, we are about 3,542 to-be-mined Bitcoin blocks away from the lifting of the red, velvet curtain at the Crypto movie premiere on 12 April. That means approximately 44,280 Bitcoin will be rewarded between now and the premiere, and at current market prices, that cryptocurrency cornucopia could be worth some USD 175.3 million – a not-so-paltry sum that would actually be a nice global box office rake for this fintech flick. Lionsgate Home Entertainment might agree with me. You see, a closer examination of Crypto’s production team reveals that Lionsgate is the big name distributing the movie to US theatres. Yes – that Lionsgate! With thematic thespian thrillers including American Psycho, Crash, The Bank Job, Divergent, and Robin Hood as titles in their hallowed Hollywood history, Crypto could logically be the next blockbuster-to-be in that series. Perhaps Patrick Bateman checks his digital wallet every morning after doing 1,000 crunches, or maybe Jason Statham’s Terry Leather character is now drilling into safety deposit boxes looking for crypto enthusiasts’ 24 seed words. It’s a damn good thing US Treasury Secretary Steven Mnuchin occupies his present position in a building adjacent to Donald Trump’s White House. In a not-so-distant past, Mnuchin founded Dune Entertainment which financed the X-Men franchise and Avatar. He also served as Executive Producer of The Lego Movie, American Sniper, Entourage, and Wonder Woman, among many notable others. Had he not taken the road less taken, Mnuchin could be the one producing Crypto, rather than advocating cryptocurrency regulations at the Group of Twenty. The irony is almost too thick to contemplate and appreciate. While we’re on the subject of the glowing New Yorker who inhabits the building next to Mnuchin’s office, is it my imagination or does the 2-minute, 17-seconds trailer for Crypto resemble certain aspects of the slow motion train crash-of-a-movie at 1600 Pennsylvania Avenue that the entire world is tuned into every day? Let’s start with the obvious and see what we can easily glean from this trailer. In the opening scene of the trailer, Kurt Russell – looking like a withered scarecrow – solicits help in a farm field from a sharply-dressed mystery man with a lipworm who seconds later appears to be sitting behind a monitor and evaluating an ICO called Delta Coin. Incidentally, a quick review of Etherscan suggests there actually is a token called Delta Coin with a total supply of 5,000,000,000 DTC that is held by a mere six addresses. With the most recent transaction some 176 days ago, we may have to wait for the full movie to learn if the token was created for the movie. Alas, I digress. We soon learn that the Wall Street wunderkind was at the top of his class at – ahem – Wharton, before engaging in crypto due diligence and that Mr Lipworm prevented his firm from transacting business with a large counterparty, leading to pre-release speculation that Mr Lipworm might be infiltrating financial institutions as an undercover investigator. Moments later, our protagonist gets reassigned to a role in Albany, New York, that oft-forgotten, upstate New York micropolitan-of-a-state-capital where BitLicense was created by the New York State Department of Financial Services, much to the recent satisfaction of Robinhood Crypto and Libertyx. Donald Trump’s ongoing feud with policymakers in Albany and prosecutors in the Southern District of New York is not lost upon those of us on the other side of the Atlantic Ocean either. We soon learn that Mr Lipworm is indeed an Anti-Money Laundering Officer and after bro-hugging it out with a childhood friend, Mr Lipworm is next browsing a digital wallet where he encounters USD 10,463,502 million(!!!) in cryptocurrency. Assuming principal photography for Crypto took place in 2018, many of us might consider USD 10 million to be a slow week of ICO deal-making, practically a blip on the radar that even the flimsiest of unicorns-to-be or tenbaggers could relegate to “Chump Change” in the Use of Proceeds sections of their white papers. My, how times have changed! Mr Lipworm next apprises his AMLO apprentice that there is – gasp – no KYC or AML associated with the digital wallet they are scrutinising. A few bad Brooklyn accents later (is there such as thing as a good Brooklyn accent?), our hero is video conferencing with the Office of Foreign Assets Control and informing them of a “serious problem” involving money laundering by the Russian mafia. While we don’t see the action in the short clip, it is quite possible that the agent on the other end of the video conference marched right into Mnuchin’s Treasury office and informed our resident movie buff-cum-Treasury Secretary that Russia was evading US sanctions – in Albany, New York of all places. Crypto’s trailer doesn’t reveal whether the laundered money was to be used to purchase a penthouse in Trump’s scuttled Trump Tower Moscow project. In life-imitating-art creative liberty, many readers and viewers may be hoping that Special Counsel Robert Mueller’s investigation might arrive at that exact conclusion. Again, I digress. A couple of hayseeds soon find a napkin with a threatening note about an upcoming meeting and are forewarned that “COPS = RIP.” We can only guess that the good law enforcement agents of New York State are not loading up on XRP (Ripple) in their public pensions. Some sort of kidnapping – it’s a bit unclear if Kurt Russell himself is being used as cryptobait – soon transpires and we next see a couple of gangsters working their magic on someone’s neck with a stun gun. Whilst we do not hear their accents in the trailer, the credits to the movie list an Olga N. Bogdanova as a Russian dialect coach, so one can only assume that Mr Goldie Hawn was jacked from his upstate farm and shanghaied to Grozny or Siberia – or maybe that was Poughkeepsie. A few opaque plot twists later do little to reveal the denouement, so we can wrap this trailer analysis without a spoiler alert. Back when Donald Trump was just getting started in giving New York City’s skyline a facelift, Gordon Gekko taught us that “Greed is Good.” A bit underwhelming by comparison Crypto’s tagline is that “Fear is the Ultimate Currency.” The motion picture’s rating forewarns us that there are violence, sexuality, and drug use. Naturally there is! How else could a cryptocurrency trader make it through a 7-day trading week without some fisticuffs, a gratuitous orgy or three, and some booger sugar? While we likely won’t see cameos by Don Jr, Ivanka, or Kushner, Trumpgate may not be too far from moviegoers’ minds at times. Maybe Mr Lipworm is the OFAC stable pony who manages to find collusion with the Russians after all. Let’s just hope Goldie remembers where Kurt keeps his seed words.

About Nervos Network?

The live price of Nervos Network (CKB) today is 0.01975 USD, and with the current circulating supply of Nervos Network at 43,666,503,275.98 CKB, its market capitalization stands at 862,415,986 USD. In the last 24 hours CKB price has moved ? USD or 0.00% while ? USD worth of CKB has been traded on various exchanges. The current valuation of CKB puts it at #113 in cryptocurrency rankings based on market capitalization.

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

Introduction

Nervos Network (CKB) is a multi-layered, open-source blockchain platform designed to provide a secure, scalable, and universally adaptable infrastructure. The network's unique design allows it to balance the often conflicting demands of scalability, security, and decentralization. Nervos Network aims to redefine the value of the blockchain and establish a solid foundation for the decentralized economy.

Technology & Mechanism

Consensus Mechanism

Nervos Network uses a Proof-of-Work (PoW) consensus mechanism, similar to Bitcoin, ensuring a high level of security and decentralization.

Blockchain Technology

Nervos operates on a unique multi-layered blockchain architecture, consisting of a verification layer (Layer 1) and a generation layer (Layer 2). This design allows for better scalability and efficiency while maintaining a high level of security.

Key Features

Scalability

Nervos Network's layered architecture allows for high scalability, accommodating a large number of transactions per second without compromising security or decentralization.

Security

With its PoW consensus mechanism and layered architecture, Nervos Network provides robust security against potential attacks.

Privacy

Nervos Network respects user privacy, with features designed to protect user data and transactions.

Decentralization

Nervos Network is committed to decentralization, ensuring that no single entity has control over the network.

Development Team & Governance

The Nervos Network project is spearheaded by a team of experienced developers and blockchain experts. The network operates on a decentralized governance model, with decisions made collectively by the community.

Use Cases & Potential Impact

Nervos Network has a wide range of potential use cases, including decentralized finance (DeFi), gaming, and more. Its unique architecture could disrupt traditional blockchain models and enhance various industries.

Purchase & Storage

How to Buy

Nervos Network (CKB) can be purchased on various cryptocurrency exchanges, including Binance and Huobi.

Wallets & Storage

CKB can be securely stored in various wallets that support the Nervos Network, including Neuron Wallet and CKB Wallet.

Partnerships & Collaborations

Nervos Network has formed partnerships with various organizations and projects in the blockchain space, further enhancing its ecosystem.

Roadmap

Nervos Network has a clear roadmap for future development, with plans to further enhance its scalability, security, and adaptability.

Risks & Challenges

Like any blockchain project, Nervos Network faces potential risks and challenges, including regulatory hurdles and technological obstacles.

Community & Regulatory Compliance

Community

Nervos Network has a vibrant and active community of developers, users, and supporters.

Regulatory Compliance

Nervos Network is committed to complying with all relevant regulations and laws in the jurisdictions it operates in.

In conclusion, Nervos Network is a unique and innovative blockchain platform that balances scalability, security, and decentralization. Its unique architecture and robust features make it a promising project in the blockchain space.

Nervos Network Price0.01975 USD
Market Rank#113
Market Cap862,415,986 USD
24h Volume202,728,622 USD
Circulating Supply43,666,503,275.98 CKB
Max SupplyNo data
Mining Info
Hashing algorithmEaglesong
Pools (known)9
Pools Hashrate217.23 PH/s
Network Hashrate219.34 PH/s
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