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NKN(NKN)

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$0.110642
(-2.31%)
0.00000479 BTC
Market Cap (Rank#290)
$77,449,131
3,351 BTC
Vol 24h
$1,725,251
74.6359 BTC
Circulating Supply
700,000,000
Max Supply
1,000,000,000
7 days agocoindesk
SOL Token Holds Price Support After Million-Dollar Hack Brings Bad Optics for Solana
Early Wednesday, an unknown attacker drained at least $5 million worth of SOL and other tokens from Solana digital wallets.
7 days agocryptodaily
Solana Wallets Compromised In Multimillion-Dollar Hack
2022 looks set to be one of the worst years for the crypto markets, which were already dealing with significant bear market sentiment. Now news has emerged that several hackers have targeted the Solana ecosystem, and losses are nearing the billion-dollar mark. Thousands of users have reported that their funds have been drained from their hot wallets without their knowledge. An Unprecedented Attack Thousands of users took to Twitter to report their SOL being stolen from connected hot wallets such as Phantom, Slope, and TrustWallet. With the attack still ongoing, details remain sketchy, but over 8000 wallets have been compromised, according to data sourced from blockchain auditors OtterSec. Several Solana addresses have been linked to the ongoing attack, with the wallets in question amassing millions worth of SOL, SPL, and other Solana-based tokens drained from unsuspecting wallets. “UPDATE: Over 8,000 #Solana wallets have fallen victim to the ongoing hack, with more increasing by the minute.” Details Remain Sketchy The exact cause of the attack remains unknown at present, although community members are scrambling to trace the source of the attack. However, what is clear is that the attack seems to have impacted mobile wallet users the most, with the attacker somehow managing to sign transactions on behalf of users and wallet owners. This suggests that there could be a third-party service that could have been compromised in a supply-chain attack. The private-key exploit resulted in the hacker stealing native SOL and SPL tokens from hot wallets, most of which had been inactive for more than six months, with Phantom and Slope wallet users being hit the hardest. Twitter user foobar shed some light on the methodology used by the attackers, stating that while the cause of the exploit was unknown, it could be the result of an upstream dependency supply chain attack. He also stated that revoking prior approvals would not help ensure the security of the funds, adding that the only viable option was moving funds to an offline wallet. However, if a hardware wallet is not an option, users can also shift their assets to a reliable centralized exchange for the time being. Solana Community Reacts The attack will undoubtedly reignite the debate around hot wallets and their security. Hot wallets are connected to the internet at all times, and while this does ensure some convenience, allowing users to send, receive, and store crypto with ease, it is also susceptible to attacks. Cold wallets, which are offline and must be connected to a device to carry out transactions, are considered much more secure. While the concerned parties are looking into the exploit, worried users reached out to wallet providers for an update and clarity on the source of the attack. Phantom did provide users an update on Twitter, stating that it was working to figure out the cause of the attack. “We are working closely with other teams to get to the bottom of a reported vulnerability in the Solana ecosystem. At this time, the team does not believe this is a Phantom-specific issue. As soon as we gather more information, we will issue an update.” Other community members speculated that the exploit could be related to Magic Eden’s Solana-based NFT marketplace, although this link remained doubtful as the attack continued. So far, Magic Eden has not commented on the situation but did tweet out a warning, advising users to revoke permissions from the wallet and move assets to a cold wallet. “There seems to be a widespread SOL exploit at play that’s draining wallets throughout the ecosystem Here’s what you can do right now to best protect yourself 1. Go to >Settings on your @phantom wallet 2. >Trusted Apps 3. >Revoke Permissions for any suspicious links.” In a later tweet, it added that it was looking into the exploit to determine its cause. Solana Price Feels The Pressure Currently, the primary discourse across crypto Twitter remains around mitigating the damage from the exploit, with experts urging users to transfer their assets to a cold wallet. Solana’s price has also dropped significantly over the past few hours and is down considerably. While the price has recovered from its initial slump, it could drop again as the attack plays out. A History Of Outages The Solana ecosystem has had a torrid 2022, with regular outages plaguing the “Ethereum Killer.” In January, Solana crashed for a staggering 48 hours, forcing users to liquidate their holdings and fulfill their loan obligations. The outage was caused due to bots spamming the network, leading to significant congestion on the network, which led to the outage. As a result, DeFi users were unable to top up their loan collateral, forcing them to liquidate their holdings. 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.
7 days agocoindesk
Solana Wallets Targeted in Latest Multimillion Dollar Hack
Non-custodial Solana wallet Phantom appears to be the latest victim of an exploit, with users reporting that their funds have been drained unknowingly.
9 days agocryptodaily
The Top 4 Channels For Learning More About Bitcoin
Being educated on Bitcoin is a concept more people may want to explore over the coming years. Thankfully, there are more resources than ever before to learn new things about the world's leading cryptocurrency. There is something for everyone, regardless of being tech-savvy or willing to dedicate a lot of time in one go. Stacker Chats The Trust Machines team, CEO Muneeb Ali and Gina Abrams, have created a new initiative for people to learn more about the technical side and intricacies surrounding Bitcoin. Through Stacker Chats, people can learn more about the Stacks ecosystem - a layer designed to fuel the development of decentralized apps on the Bitcoin network - and how it affects the future of Bitcoin itself. All Stacker Chats are accessible on YouTube and feature bite-sized episodes ranging from five to fifteen minutes each. The Stacker Chats touch upon various topics, including the difference between building on Bitcoin and Ethereum, how to survive bearish market conditions, and what the future may hold for Web3 on Bitcoin. There's a lot to check out, with more content regularly added. Zero Authority DAO The YouTube videos created by the founders of the Zero Authority community are certainly interesting and intriguing for the Bitcoin-curious crowd. The team consists of diehard believers in open-source technology and permissionless systems. Moreover, Zero Authority is a big fan of the Bitcoin and Stacks ecosystem and how they will shape the future of permissionless systems. Although the YouTube channel is still relatively unknown, there is a tremendous amount of content to check out. Users can engage in content ranging from mobile SDK for Bitcoin Dapp development to content creation tips, carbon-based initiatives, and various live chats conducted with other developer teams. Jake Blockchain People who have familiarized themselves with the "Built on Bitcoin" initiative may know the name Jake Blockchain. He has a dedicated podcast, newsletter, and Youtube videos to help educate people on Bitcoin and everything the broader ecosystem entails. Moreover, Jake showcases the top-tier applications built on the Stacks ecosystem and secured by Bitcoin's network and consensus algorithm. The Built on Bitcoin podcast is a weekly show and features various Stacks-based developments, updates, and interviews with the people building on this layer. There are over 75 episodes to catch up on, with most episodes taking up under half an hour. A good length to learn something about Bitcoin while going for a walk, jog, or workout! The Advisor BTC For those who prefer their content in written form, it is well worth checking out The Advisor BTC. Their top-tier quality Stacks ecosystem Twitter threads offer tremendous value and knowledge. Moreover, it is an excellent resource to look up information later on and learn new things about Bitcoin-related applications, products, and services made possible through the Stacks layer. The Twitter threads are only the beginning, as the initiative recently received a dedicated YouTube channel and a new project is still in the works. Twitter is a viable platform for educating people on Bitcoin, even if it is not the primary use case for social media. Moreover, Twitter Threads often contain succinct information and details one might not come across elsewhere. 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
14 days agocoindesk
Bitmain Partner Antalpha Unveils Lending Products for Miners
A relatively unknown company and Bitmain strategic partner unveiled some novel financial products for miners in Miami.
15 days agocryptodaily
Bipartisan US Stablecoin Regulation Bill Delayed As Negotiations Continue
The United States House of Representatives has pushed back the timeline for a bipartisan bill to regulate stablecoins. The delay comes as lawmakers continue to negotiate over the finer details of the bill. While the bill has been delayed until September, lawmakers could put out initial language to encourage discussion around the bill. Voting On Bill Delayed Until September Us lawmakers have delayed considering a bipartisan bill addressing risks posed by stablecoins. Sources close to the matter have revealed that a vote has been deferred by at least a few weeks. The delay was proposed after house members could not complete a draft in time for Wednesday’s committee meeting. There is also speculation that there are some unresolved issues in the bill related to provisions on custodial wallets from the Treasury Department and several concerns from the Securities and Exchange Commission (SEC). The delay means that the effort of the United States to establish regulations for stablecoins is expected to be delayed until at least September, once lawmakers return from the summer break. Lawmakers had worked over the weekend to try and hammer out policy issues with the proposed legislation, which has been pushed for by the Biden administration. However, this was not enough to address all pending roadblocks. Despite the roadblock, the committee is working on issuing a draft that would include legislative language, which could come out sooner. The draft would also spur discussion around the bill. Regulatory Oversight For Stablecoins The bill aims to establish an oversight regime for stablecoins used by the crypto markets to counter the volatility of cryptocurrencies and other speculative assets. Passage of the bill would clear a path for nonbank firms to issue stablecoins. However, they would have to meet new liquidity and capital standards defined in the bill. According to sources, the bill also seeks to ban commercial companies from becoming issuers. The Treasury Department’s efforts to expand the bill into another area of consumer protection resulted in negotiations slowing down considerably. The Reason For The Delay Stablecoins represent a relatively small slice in the crypto market cap, but trade at high volumes since investors use them to move in or out of cryptocurrencies such as BTC and ETH. Secretary Janet Yellen and other Treasury Department officials have also been involved in discussions, and an administrative push for further investor protection seems to have caused a rift in talks over the weekend. The Democrats and the Treasury Department requested that the bill include safeguards for customer wallets and that customer assets be walled off from assets of platforms hosting the wallets. The administration has shown concern about this particular point since Coinbase disclosed that customer assets and funds could be vulnerable in a hypothetical bankruptcy scenario or if other crypto firms froze customer accounts if the platform was about to fail or go bankrupt. No Common Ground Yet Lawmakers need to find common ground by September, after which Chairwoman Maxine Water (D-Calif) can schedule a markup. A markup is an open session where the details of the legislation can be debated before it gets voted in the committee. Chairwoman Water has been negotiating with the panel’s ranking Republican, Patrick McHenry. However, Republicans have pushed back on widening the bill’s scope, instead arguing for state-based standards for wallets. However, Treasury officials are expected to stick to their guns that the department would not accept a bill without federal protections. If the bill gets through the house, the next challenge would be the Senate Banking Committee and its chairman, Senator Sherrod Brown. While Senator Brown is highly skeptical and distrustful of the crypto space, his views on the legislative effort are unknown thus far. 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.
18 days agocryptodaily
FIFA Applies For Metaverse Trademark Ahead Of World Cup
The Federation Internationale de Football Association (FIFA) has reportedly filed trademark applications to take experiences that will be created in the 2026 World Cup into the metaverse. FIFA Planning Ahead On Wednesday, a trademark attorney, Mike Kondoudis, revealed on Twitter that on July 14, FIFA applied to trademark several aspects of World Cup 2026 to digitize them in the metaverse. This is worth noting as the organization has already made serious headway for the upcoming 2022 World Cup, scheduled to be held in November in Qatar, through several partnerships with blockchain and crypto firms. The fact that FIFA is planning so far ahead for the next world cup tournament, which is happening four years later, indicates that the football organization is highly driven towards its Web3 expansion efforts. Virtual Retail Stores For World Cup 2026 According to the application filed, the organization is planning on retailing the digital versions of these items through virtual retail stores. These items include virtual clothing and accessories like headwear, eyewear, and sports gear. As of now, the exact plans of the organization with these products are unknown. Besides virtual retail stores, the application also seeks to trademark virtual stock trading, crypto and virtual crypto exchanges, financial and monetary services, and more. These further emphasize FIFA’s intention to incorporate its core financial services into the metaverse. The inclusion of the different payment management services, virtual stock trading, exchanges, and their respective management could also indicate that the company is keen to continue its expansion into the blockchain ecosystem. FIFA’s Web3 Efforts FIFA has been working on its web3 expansion centered around the 2022 World Cup. It has entered into several partnerships with crypto and blockchain companies to firmly establish itself as a major player in the digital asset space. One of the first sponsorship deals it signed was with the leading crypto exchange, Crypto.com. In March 2022, FIFA signed on Crypto.com as an official sponsor for the 2022 World Cup tournament happening in Qatar. In another deal, FIFA has signed on blockchain network Algorand to be the first official blockchain partner of the 2022 tournament. Furthermore, the blockchain company will also be the official sponsor of the 2023 FIFA Women’s World Cup scheduled to be held in Australia and New Zealand. The contract signed by the two also dictates that FIFA will be developing its digital asset technology (as well as a blockchain-supported wallet) with help from Algorand. 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.
27 days agocointelegraph
Voyager token skyrockets as VGX pump scheme touted
Unknown crypto venture firm MetaFormLabs has initiated a campaign to pump Voyager Token (VGX) as part of a proposed Voyager rescue package.
28 days agocoindesk
Celsius Pays Off Aave Loan, Moves $418M 'stETH' Stack to Unknown Wallet
The liquidity-stricken crypto lender fully paid off its debt to decentralized finance protocol Aave freeing up $26 million in tokens as part of its latest debt restructuring maneuver.
28 days agocointelegraph
3AC co-founder returns to Twitter, blames liquidators for "baiting"
The tweet attracted wild reactions from the community with several accusing the co-founder of playing the blame game while his whereabouts are unknown.
28 days agocoindesk
Uniswap User Loses $8M Worth of Ether in Phishing Attack
An unknown entity conducted the phishing attack by using a fake Uniswap airdrop message.
29 days agocryptodaily
Whereabouts of Three Arrows Capital Founders Unknown, Offices Abandoned
The saga around Three Arrows Capital (3AC) continues as liquidators charged with the case cannot get in contact with either founder Kyle Davies or Su Zhu. According to a court document filed on Friday 8 July, both the founder’s whereabouts are currently unknown, and liquidators are yet to receive “any meaningful cooperation” from the two. According to an article published by Reuters, Russell Crumpler and Christopher Farmer, who have been appointed by a British Virgin Island court to serve as 3AC’s liquidators and wind down operations, have approached a U.S. bankruptcy court in Manhattan to seek relief, stating that the founders cannot be located and have not responded to any requests for necessary information. When the court-appointed liquidators recently visited the firm’s office in Singapore, they were met with a locked door and a pile of old mail. An emergency hearing has been convened for Tuesday 12 July to address these concerns. The court filing outlines: And while a lawyer in Singapore purporting to represent the Founders recently approached the Foreign Representatives, the Founders have not yet begun to cooperate with the Foreign Representatives in any meaningful manner. Foreign representatives referred to in the document are Farmer and Crumpler, two senior directors at the advisory firm Teneo has been appointed by a British Virgin Islands court to oversee the liquidation process. The Singapore-based 3AC filed for Chapter 15 bankruptcy earlier this month, a move that is designed to protect foreign companies’ assets from U.S. creditors. News of the hedge fund’s fate surfaced after it had defaulted on a $650 million loan provided by Voyager Digital, which has since also filed for bankruptcy. 3AC is reported to have also defaulted on a payment to crypto exchange Blockchain.com worth $270 million. Although Su and Davies's cooperation would delay the liquidation process, concerns were also raised that an “actual and imminent risk” exists that the founders could easily sell off 3AC’s cryptocurrency assets. Absent provisional relief, there is an actual and imminent risk that the Debtor’s assets may be transferred or otherwise disposed of by parties other than the court-appointed Foreign Representatives to the detriment of the Debtor, its creditors, and all other interested parties. Here, that risk is heightened because a substantial portion of the Debtor’s assets are comprised of cash and digital assets, such as cryptocurrencies and non-fungible tokens, that are readily transferrable. The liquidators are seeking immediate access to 3AC’s offices in Singapore and information regarding the company’s bank accounts and digital wallets. Farmer and Crumpler claim that they have been unable to reach Su and Davies and allege that they joined a Zoom call with “person identifying themselves as ‘Su Zhu’ and ‘Kyle,” but “their video was turned off and they were on mute at all times with neither of them speaking despite questions being posed to them directly.” For the duration of the call, the founders communicated through representatives from a Singapore-based legal agency instead. The court filing indicates that the duo stopped by 3AC’s office in Singapore, but could not gain entry. Stacks of mail lie unopened by the door, with neighbours saying that nobody had been in the offices since May or early June. 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.
29 days agocryptopotato
Su Zhu and Kyle Davis From Three Arrows Capital Do Not Cooperate: Court Filing
Su Zhu and Kyle Davies are rumored to have fled Singapore and their whereabouts are unknown.
38 days agocryptodaily
The Launch of Xchange Monster (MXCH) - Can it Reach the Heights of Dogecoin (DOGE) and Avalanche (AVAX)?
The cryptoverse is dusting itself down and assessing the damage that crypto crash 2022 has inflicted. The great news is that prices are at year-long lows in some cases, which means that this is a fantastic time to buy crypto, as prices of certain coins will certainly rise over the coming months and years. Which coin to buy into? Let's check out big leaguers Dogecoin (DOGE) and Avalanche (AVAX) to see how they are moving forward, and also examine an exciting new member of the cryptoverse, Xchange Monster (MXCH). Dogecoin (DOGE) Buyers Ask - What Crypto Crash? According to DogWhaleAlert, which is a platform that tracks the movements of Dogecoin (DOGE), 800,000,000 Dogecoins were transferred over a 24-hour period earlier this week. The surprising thing about this is that the phenomenal amount of DOGE transferred took place in just three transactions. An interesting peek into the world of the crypto elite shows that despite the recent retreat in the market, crypto is still very big business. The total value of the three transactions, that were made from three different wallets to an unknown wallet, is $57,888,800. Not bad for a day's trading. Even more eyebrow-raising are the fees for the transactions that DogWhaleAlert also tweeted, which were $0.16, $0.08, and $0.058 per transfer. Fantastically low fees for such humongous transactions show the merits of trading in crypto, as no bank in the fiat world would ever be able to match this kind of value. Xchange Monster - A Revolution in P2E Gaming One new platform that is offering lower than average transaction fees is the brilliant Xchange Monster (MXCH). A new cryptocurrency exchange platform that is focussing on the GameFi sector, Xchange Monster (MXCH) is a new project that is getting a lot of attention. The Xchange Monster wallet is already fully integrated into the crypto exchange. With this versatile multi-chain wallet, users can store cryptocurrency and fiat money, and make transactions easily and at instantaneous levels of speed. The Xchange Monster (MXCH) development team is focussing on combining the play-to-earn (P2E) gaming market with the cryptocurrency world to offer gamers a one-stop-shop to easily utilise the financial gains that they have earned while playing the game of their choice. Xchange Monster is fully doxxed and boasts a team of experienced developers who have worked in some of the top jobs in tech over the last few years. Fully monitored by recognised regulators in Switzerland, Xchange Monster also boasts water-tight security and regulation. Avalanche (AVAX) Joins Forces With Coinbase Wallet The end of May was a bearish period for the entire crypto market, including Avalanche (AVAX). However, it also coincided with the announcement from a major currency exchange platform, Coinbase Wallet, that it was now accepting token swaps on the Avalanche (AVAX) and BNB (BNB) blockchains. Great news for Avalanche (AVAX) buyers and users, as they would inevitably see a lot more traffic on their platform. Avalanche (AVAX) has remained a very popular coin with high usage since it launched in 2020, mainly thanks to its key metrics including its scalability and low costs. AVAX can boast of handling up to 4,500 transactions per second at relatively low costs. All of the crypto projects discussed above have great potential for profits in the coming months. Maybe you want to enter the surreal yet highly lucrative world of meme coins with Dogecoin (DOGE), or perhaps a more utility-rich project like Avalanche (AVAX) interests you more. However, if you want to get in on the ground floor with a new and potentially record-breaking project that is at the cutting edge of P2E gaming, then check out the links for Xchange Monster (MXCH) below. Learn more about Xchange Monster (MXCH): Presale: https://xchangemonster.boostx.finance/register Website: https://xchangemonster.com/ Discord: https://discord.gg/M5hu5HwbeJ Telegram: https://t.me/xchangemonsterofficial Twitter: https://twitter.com/Xchange_Monster Disclaimer: This is a sponsored pressrelease, andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
41 day agocryptodaily
MonkeyLeague Launches Initial $MBS Staking Support And Raffles For Highly Coveted Rewards
Tel Aviv, Israel, 29th June, 2022, ChainwireMonkeyLeague has unveiled the bonus benefits to early $MBS token stakers. The initial staking program kicked off on June 27, 2022, and marks a crucial developmental milestone for the Studio. $MBS Staking 1.0 is a crucial aspect of the MonkeyLeague ecosystem. The single-sided staking initiative will include up to total of 5 million claimable $MBS rewards, emitted daily over a fixed 90-day period started on June 27, 2022. Once users stake their $MBS, they will lock the $MBS on the smart contract (on the blockchain) for the entire duration with no option to remove it until the end of the said term. The amount of claimable $MBS rewards is based on the total number of participants, the size of their stake, and how early you entered. There is a first-mover advantage to initial $MBS Staking, as those whowill participate sooner will be able to claim higher rewards. MonkeyLeague CTO Nir Shney-Dor recently commented on the launch of Staking: "Being web3 pioneers means we are paving new paths everyday with respect to blockchain development. It involves being dynamic, flexible, and resilient in the face of many unknowns. I am beyond proud of this team of ninjas and what we built in the first version of $MBS Staking for our ecosystem." Coinciding with the daily $MBS rewards, there is also a massive rewards program for those who contribute to staking program within the first 72 hours as of June 27. Many prizes will be won, including BETA Whitelist Priority, or a whitelist spot to the much anticipated Stadium NFTs, and more. Reward raffles will be randomly organised based on the size of users' participation, ranging from 2,500 to 20,000 $MBS. Users who contribute 20,000 $MBS will be eligible for the 2,500, 5,000, 10,000, and 20,000 $MBS raffles. Additionally, users can participate in the Pioneers Gear Up claims during the staking period ends, assuming they have 1,200 $MBS or more in their wallet after participating in the staking. The launch of MonkeyLeague's initial Staking Program comes on the heels of MonkeyLeague teaming up with Buff Gaming Platform in their mission to bridge Web2 and Web3 gaming. That partnership expands the appeal of non-fungible tokens and introduces special edition Monkey NFTs for the BUFF community. About MonkeyLeague: MonkeyLeague is the next-gen web3 esports game that empowers players to Play, Compete, and Earn. MonkeyLeague combines high-production-value, multiplayer gaming with Solana blockchain, NFTs, and decentralised finance to deliver an exciting, turn-based, play-and-earn soccer game that’s easy to learn yet hard to master. Get on the MonkeyTrain: MonkeyLeague.io | Discord | Telegram | Twitter | Youtube | Twitch | Facebook | Instagram | Reddit Check out the MonkeyLeague Game Trailer & Gameplay Clip! Join Pioneers Gear Up!ContactsOren [email protected]
42 days agocryptodaily
INX And SICPA Sign A Groundbreaking Memorandum of Understanding To Establish a Joint Venture to Develop An Innovative Central Bank Digital Currency Ecosystem To Support Monetary Sovereignty
Toronto, Canada, 28th June, 2022, ChainwireThe proposed joint venture will lead the development of blockchain-based technology solutions to create a central bank digital currency ecosystem to help governments digitize their monetary systems The INX Digital Company, Inc. (INXS ATS: INX)(NEO: INXD) (“INX” or the “Company”), a broker-dealer, inter-dealer broker, and owner of a digital asset trading platform, announced today that it has signed a non-binding memorandum of understanding (“MOU”) with SICPA, a global Swiss company, leading provider of security inks and identification, traceability and authentication technologies, to help governments digitize their monetary systems. The Company believes that today, more than ever, governments and central banks around the globe are searching for a path to capitalize on digital currencies. This announcement between INX and SICPA will pave the way for the development of a new, holistic solution for all stakeholders to utilize digital currencies in a secure, scalable environment. The planned joint venture with SICPA is an integral part of INX’s vision to innovate the future of finance and pioneer the new digital economy. Under the terms of the MOU, the Company will work with SICPA to establish a blockchain solution for Central Bank Digital Currency (CBDC) and the supporting ecosystem to assist clients in bolstering monetary sovereignty and efficiently growing overall country GDP. The two companies plan to expand interoperability between different stakeholders across borders through this joint venture. A longstanding trusted partner and advisor to central banks around the world, SICPA has robust expertise in identification and security solutions, strong digital capabilities, and extensive knowledge of the use of physical cash that allow for the development of new innovative forgery-proof security features to protect monetary sovereignty. Through the joint venture, many complex and advanced security features developed by SICPA will find applications in the development of a CBDC ecosystem. The planned joint venture between INX and SICPA aims to allow governments to expand their access to payments infrastructure, facilitate cross-border payments, maintain sovereign currency control through rigorous regulation, and introduce privacy and safety measures. "We believe that the unique form of CBDC we are working toward is an ecosystem and not only a tech solution," says INX's Deputy CEO and COO, Itai Avneri. "Along with SICPA, our distinguished partner, we harness the power of blockchain (trust, efficiency, cross-border, programmability, compliance, traceability and more) to cultivate a holistic solution that addresses the key requirements for CBDC, which include privacy-preserving, security, financial inclusion, resilience, and more.” “In line with our purpose of enabling trust, our ambition is to develop with our partners a CBDC solution that is efficient, inclusive and safe, enabling trustworthy and privacy-preserving transactions for all, complementary to the use of cash,“ said Philippe Amon, CEO and Chairman of SICPA. “We look forward to collaborating with INX and leveraging our extensive experience in working with central banks to develop a relevant CBDC solution.” Shy Datika, INX’s CEO: “We are excited to collaborate with SICPA and utilize our unique solutions and unparalleled experience as pioneers of a new tokenized economy. Through every step, we have committed to working with regulators. INX is the first company in the world to launch and close on an SEC-registered IPO of a blockchain digital security. Our very own INX token is the working use case for automated KYC, whitelisting of wallets, programmable smart contracts, mass distribution, and unparalleled traceability and visibility on the blockchain. These attributes are mandatory when discussing the CBDC ecosystem and will be incorporated in the innovative solution we are now developing." About The INX Digital Company, Inc. The INX Digital Company owns INX Group (INX), which operates regulated trading platforms for digital securities and cryptocurrencies that trade 24/7/365. Founded by Shy Datika in 2017, INX’s vision is to be the preferred global regulated hub for all digital assets on the blockchain. INX is on a mission to help list companies as publicly-traded digital securities on the blockchain in a regulated environment with oversight from the SEC and FINRA. This journey started with the first-ever SEC-registered initial public offering of a security token on the blockchain – the INX Token – in which INX raised $83 million from more than 7,200 retail and institutional investors worldwide. In addition to operating two regulated trading platforms for blockchain assets, the INX Digital Company's interdealer broker - I.L.S. Brokers – will soon offer non-deliverable cryptocurrency forwards to leading global banks. For more information about INX, please visit INX.co For further information: Carrie Rubinstein Head of Content and Media Email: [email protected] The INX Digital Company, Inc. Investor Relations +1 855 657 2314 Email: [email protected] About SICPA Market leader in security inks and leading provider of secured authentication, identification, traceability and supply chain solutions, SICPA is a long-trusted partner to governments, central banks, high-security printers, and the industry. Every day, governments, companies, and millions of citizens rely on its expertise, which combines material-based covert features and digital technologies, to protect the integrity and value of their currency, personal identity, value documents, e-government services, as well as products and brands. True to its purpose of enabling trust through constant innovation, SICPA aims to further an Economy of Trust worldwide, where transactions, interactions, and products across the physical and digital worlds are based on protected, unforgeable and verifiable data. Founded in Lausanne in 1927, headquartered in Switzerland, and operating on five continents, SICPA employs about 3000 people. www.sicpa.com Cautionary Note Regarding Forward-Looking Information and Other Disclosures This press release contains statements that constitute "forward-looking information" ("forward-looking information") within the meaning of the applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to entering into a definitive agreement, and the success of the joint venture. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates, and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events, or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions, including with respect to the development of the digital asset industry. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to regulatory developments and general economic conditions. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, or changes in factors affecting such forward-looking information or otherwise. All information contained in this press release with respect to the corporate entities referenced herein was supplied, for inclusion herein, by the respective parties and each party and its directors and officers have relied on the other party for any information concerning the other party. The NEO Exchange is not responsible for the adequacy or accuracy of this press release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.ContactsHead of Content and MediaCarrie RubinsteinThe INX Digital Company, [email protected]+1 855 657 2314
47 days agocryptodaily
Meme Coins that bring the fun to Crypto: RoboApe (RBA), Shiba Inu (SHIB) and Dogelon Mars (ELON)
Meme coins have revolutionised the crypto market through their distinctive branding, community-driven characteristics and fun nature. These coins have allowed developers to take a more satirical approach when making their blockchain networks, which undoubtedly entices people to want to find out more. Although the current state of the crypto market is not entirely positive, people are still searching for ways to invest their hard-earned finances into something viable - something that meme coins could be. This article aims to discuss three meme coins that are worthy of your investment: RoboApe (RBA), Shiba Inu (SHIB) and Dogelon Mars (ELON). What can RoboApe (RBA) bring to the table? RoboApe (RBA) is a new meme coin entry to the crypto market, which plans to redefine the meme token culture by having a rewarding community. It is supported by built-in decentralised finance (DeFi) and decentralised autonomous organisation (DAO) features which permit investors to achieve goals that were previously seen as unattainable. Furthermore, RBA runs under the Ethereum network. It is a meme token that provides its users with multi-beneficial factors. For example, token holders allow investors to be rewarded for holding and taking part in minting along with trading NFTs. The blockchain network has a marketplace for NFTs, which is where users can purchase, distribute and exchange NFTs - being able to mint images and GIF memes in the form of RBA trading cards. Currently, in its presale period, RBA is priced at an initial cost of $0.0006173 for one token and plans to officially launch on 29 August 2022. If you are looking for a meme token that has low-risk factors, along with an NFT marketplace which has great potential to be fruitful, then RoboApe could be the one for you to pay attention to. How Shiba Inu (SHIB) made a name for itself Shiba Inu (SHIB) is based on the dog breed of the same name. Although they give themselves the nickname “Dogecoin Killer’, the blockchain network took inspiration from Dogecoin by including the Shiba Inu dog in the coin’s logo. Similarly to Bitcoin, SHIB came into existence in August 2020 by an anonymous creator who goes under the pseudonym “Ryoshi” - who has expressed how their identity is insignificant to the platform. From its mysterious arrival in the meme and crypto market, SHIB quickly rose in value and popularity due to its quirkiness and support from high-profile figures. One of the main people who are responsible for the success of Shiba Inu is the Canadian programmer and co-founder of Ethereum, Vitalik Buterin. Buterin made history with SHIB by conducting the largest crypto donation to India, to reverse the devastating spread of COVID-19. Not only that, but Vitalik Buterin also burned 40% of its total supply to a dead wallet, contributing to the stability and success of the meme token. Currently ranked fifteenth on CoinMarketCap - people can have trust in investing in the captivating meme coin. The Uniqueness behind Dogelon Mars (ELON) Similarly to Shiba Inu (SHIB) and Dogecoin (DOGE), Dogelon Mars (ELON) is another dog-inspired meme coin that is run on Polygon and Ethereum. The first part of the blockchain network’s name is a portmanteau of Dogecoin and entrepreneur Elon Musk - who publicly supports DOGE consistently. Furthermore, it continues to play on popular themes in crypto by including “Mars” in the second part of its name - implying that it will experience an upward movement. Yet again, this meme coin’s creator comes from an unknown individual(s) - a seemingly common occurrence amongst meme coins that sometimes makes people apprehensive to invest as it could be a scam. Although this is a possibility, ELON has been in the market for over a year now, putting to rest the idea of it being a scam. Its uniqueness continues through having a roadmap depicted through a comic-style iteration, giving ELON an edge in comparison to its meme coin counterparts. Its market capitalisation has had a consistent increase over the past couple of days as shown on CoinMarketCap, conveying a strong sign of potential when it comes to a feasible investment. More information on RoboApe (RBA): Website: https://roboape.io/en Telegram: https://t.me/ROBOAPE_OFFICIAL Presale Registration: https://ape.roboape.io/register Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
54 days agozycrypto
DeFi Lender Inverse Finance Emptied Of $1.2M In Yet Another Exploit
An unknown hacker was able to steal 53 bitcoins worth around $1.1 million and 10,000 Tether (USDT) from the Ethereum-based lending protocol Inverse Finance.
55 days agocryptodaily
Developing faster and cheaper: How Ternoa brings mass adoption of utility NFTs
In 2021, NFTs experienced a boom in the public eye as a new way to collect digital art. In 2022, they are no longer just the cultural assets that make headlines for breaking auction records. NFTs of today (and the future) incorporate utility to be used for building the next generation of decentralized applications and Web3 NFT-based projects. Challenges blockchain developers face Developers working to create utilitarian NFTs still operate in a fairly unknown space. When trying to create new properties with NFTs, they face many challenges. The need to learn a new language, high infrastructure costs, and access to information in a fairly new industry may hinder the development of new projects. These challenges are particularly prominent for NFT utility-based projects, as most blockchain rely upon complex smart contracts to build standalone use cases. How Ternoa helps developers code faster and cheaper Ternoa is a decentralized open-source layer 1 solution that provides a technological stack to build secure and scalable utility NFTs by giving developers access to independent infrastructure, nodes, developers’ community, and funding. The project just launched their Mainnet which serves as a final ready-to-use version of the product. With Mainnet, Ternoa released multiple core features to cater their multi-chain NFT network to the needs of the developers community. To begin with, Ternoa completed Core Mainnet deployment, ensuring successful implementation of the native CAPs, nodes, and governance, soon followed by the release of the dev-friendly features needed to create the next big NFT dapp. Now, blockchain developers can save time and program faster, leveraging Ternoa’s highly secure, scalable, Metaverse-ready infrastructure. They can experiment concepts in no time thanks to a JS SDK, allowing them to build upon utility NFTs with low effort. Building an ecosystem By making next generation NFTs easy to implement and natively available on their blockchain, Ternoa is poised to disrupt the NFT economy. A lot of effort has been put towards gathering a community of builders. As a result, first dapps started developing early on and will go live on Mainnet as more and more NFT features are added in the next couple of months. If you want to learn more about this fast-growing project, join their Discord, and attend Ternoa CEO Mickael Canu’s keynote at NFT.NYC 2022 for big announcements. 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
62 days agocryptopotato
20 Million Optimism Tokens (OP) Swiped After a Transfer Error
An unknown attacker managed to steal 20 million OP tokens, which were incorrectly sent to a Layer-1 ETH wallet, instead of a Layer-2 Optimism address.
76 days agocointelegraph
Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable
The discussion of FTX.US’s proposal for non-intermediated margined products clearing highlighted unknown factors and need for more regulatory framework.
77 days agocryptopotato
Crypto Investor and Influencer Arrested for Visiting Terra Founder Do Kwon’s Apartment
The unknown person visiting Terraform Labs' founder Do Kwon has been identified as a streamer called "Chancers" who lost $2.4 million in the LUNA crash.
106 days agocointelegraph
Report: Postmates founder Bastian Lehmann launches crypto startup
Although details surrounding the venture remain unknown, its website states the firm seeks to provide "consumer finance solutions for an emerging web."
116 days agocointelegraph
Fitting the bill: US Congress eyes e-cash as an alternative to CBDC
From fiat banknotes to fractional reserve banking, the notion of what constitutes money in the U.S. has changed over time. But is the time right for e-cash?

About NKN

The live price of NKN (NKN) today is 0.110642 USD, and with the current circulating supply of NKN at 700,000,000 NKN, its market capitalization stands at 77,449,131 USD. In the last 24 hours NKN price has moved -0.005792 USD or -0.05% while 1,729,087 USD worth of NKN has been traded on various exchanges. The current valuation of NKN puts it at #290 in cryptocurrency rankings based on market capitalization.

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

NKN Price0.110642 USD
Market Rank#290
Market Cap77,449,131 USD
24h Volume1,725,251 USD
Circulating Supply700,000,000 NKN
Max Supply1,000,000,000 NKN
Yesterday's Market Cap78,513,200 USD
Yesterday's Open / Close0.117954 USD / 0.112162 USD
Yesterday's High / Low0.119719 USD / 0.109094 USD
Yesterday's Change
-0.05% ( 0.005792 USD )
Yesterday's Volume1,729,086.90 USD
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