cryptocurrency widget, price, heatmap
Search icon
Search icon
Telegram iconTwitter icon
Share icon
Share page
Cryptocurrencies/Coins/Ontology Gas (ONG)
Ontology Gas price, market cap on Coin360 heatmap

Ontology Gas(ONG)

Arrow icon
Add to watchlist
$0.259654
(3.02%)
0.00001511 BTC
Market Cap (Rank#227)
$84,828,114
4,937 BTC
Vol 24h
$646,909
37.6539 BTC
Circulating Supply
326,696,892.91
Max Supply
1,000,000,000
1h agozycrypto
Ripple Counsel Gives Strong Argument About XRP As Landmark Lawsuit Nears End
Ripple’s top lawyer Stuart Alderoty has again taken to Twitter to meticulously counter the allegations made by the United States Securities and Exchange Commission (SEC) in the...
1h agocryptodaily
Ren Warns Of Potential Losses As Upgrade Looms On The Horizon
Alameda Research-backed Ren Protocol has warned users of a potential risk of losses as it winds down its current Ren Version 1.0. The Ren team stated that once version 1.0 is retired, users may not be able to recover their assets. Potential Losses As Version 1.0 Shuts Down Alameda Research-backed Ren Protocol, which issues the wrapped bitcoin asset RenBTC, warned users that they risk losing their assets once it shuts down its existing Ren 1.0 version. The project team encouraged users to redeem their tokens before the current version shuts down and the tokens lose all their value. The primary reason behind the shuttering of version 1.0 is the lack of funding after the collapse of Alameda Research. The developers added that users could unwrap their tokens and bridge them back to their native chains. The Ren team plans to disable mints on Ren shortly, meaning it would be impossible to deposit assets on the platform to bridge to other networks. Additionally, burns will also be disabled within 30 days. Compatibility Issues Once Ren’s version 1.0 is shut down, it will be replaced by Ren 2.0, a new, community-run version. However, the Ren team warned that the two projects might not be compatible. “As announced previously, the Ren 1.0 network is shutting down due to the events surrounding Alameda. As compatibility between Ren 1.0 and 2.0 cannot be guaranteed, holders of Ren assets should bridge back to native chains ASAP, or risk losing them!” Ren announced on the 18th of November that it was releasing a new protocol version. The announcement stated that the new protocol would be launched in parallel with the shutdown of the current version. This implied to users that current bridged assets may still be usable. However, the announcement has made it clear that current assets would not be usable on the new version of the platform and may be lost forever. RenVM, the company behind the protocol, was acquired by Alameda Research in 2021. However, the collapse of Alameda necessitated the speeding up of the move to the new version of Ren. “Marking this event as the end of Alameda’s involvement in the project by sunsetting Ren 1.0 safeguards the reputation, integrity, and hence long-term prospects of the Ren ecosystem. According to available data, there are currently 1130 renBTC currently on Ethereum. Users Are Confused And Angry The announcement from the Ren team has created considerable confusion and anger in the community as users woke up to the possibility of losing their assets in their entirety. Users also wondered if the Ren token itself was in any type of danger following recent events. One frustrated user vented, “If we hold tokens on a CEX, do we need to do something?” Other users were confused, asking for clarification about their REN tokens and if the current update would impact those as well. Several users asked the Ren team to issue a clarification, adding that the announcement had led to panic selling. So far, the Ren team has not responded to these tweets. However, it did issue instructions on how users could check if they have bridged assets that need withdrawing. 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.
2h agocointelegraph
NFTs, Nonprofits and Longevity Intersect at Art Basel Miami
NFT artist Nikita Replyanski on the future of NFTs, his work with the Longevity Science Foundation, and art as community building.
2h agocryptodaily
Sweply Announces a New Strategy with Multiple Industry Sector Focus and Its Token's Sale Seed Round Now Live
Sweply, an innovative and revolutionary Web 3.0 technology company, plans to be a cut above the competition and quickly grow within digital marketing, fintech, blockchain technology, and the metaverse. The company offers a centralized system and automated processes enabling a smooth and seamless user experience. Sweply will deliver users a complete experience at the top of the charts in 2023. By using a new strategy, the company will provide users with high-level products and low costs. And through the new user-centric approach, the platform will allow individuals to simultaneously build, manage and expand their advertising campaigns across several platforms. Yet another surprise Sweply comes with is the seed round sale for the $SWPLY token, which is currently taking place. The Sweply strategy and ecosystem Sweply’s strategy for 2023 focuses on four major industries: digital marketing, fintech, blockchain technology, and the metaverse. The four-pronged approach with the ecosystem consisting of Sweply Ads, Sweply Dash, Sweply Pay, and Sweply Pad provides better functionality. It represents a versatility to the project that no other company has. The Sweply ecosystem brings together: Sweply Ads is a system geared to assist everyone from small and medium-sized businesses (SMEs) to e-commerce companies and crypto projects. The first version is already live, offering API integration with the advertising platforms on Google, Twitter, Snapchat, Meta, and Tiktok. Sweply Dash is designed to be a marketplace for real estate & Metaverse working on a global scale, thus giving renters a wide choice of properties to choose from. The simple and effective interface is designed to ensure that all renters looking for their ideal property will find exactly what they’re looking for. Sweply Pay was created based on the need for payments and cryptocurrency transfers to be swift and secure. Individuals will be able to make payments and exchange cryptocurrencies quickly and securely. Sweply Pad is the launchpad that allows new projects to raise the necessary capital to grow while also giving early-stage investors safety and security. Moreover, Sweply includes its token, $SWPLY, created to “fight” the abundance of fly-by-night meme tokens. The team at Sweply is focusing on building long-term growth and providing genuine value in the marketplace. It has a Max supply of 300,000,000 and is built on the Ethereum ERC20 blockchain. Meet the company Sweply is a web 3.0 technology company that focuses on educating and fully supporting its users, allowing them to unlock opportunities while maximizing results. The platform is built to serve all types of users, such as business owners, e-commerce companies, small & medium businesses, and cryptocurrency projects. The transparency that is given in both Sweply along with its various products is second to none. The team at Sweply believe people deserve to know the company's ins and outs and any projects they are involved in. They are keen to build a strong community around the project, so they are organizing a $37,500 giveaway competition. Contact More information is available on the official Sweply website and their social media profiles, Twitter, or Telegram. 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.
3h agocryptodaily
Coinbase Expects 50% Drop In Revenue, Crypto Daily TV 9/12/2022
In Todays Headline TV CryptoDaily News: Coinbase CEO confirms 50% decline expectations in revenue. Coinbase Global CEO Brian Armstong said the company’s revenue would be half or less what it was last year as the crypto exchange struggles amid stark price drops in cryptocurrency prices and continuing ripple effects from multiple bankruptcies this year, including the recent collapse of rival exchange FTX. Slowing crypto startup funding may still surpass 2021 record. Research firm Pitchbook said that total funding at crypto startups this year is set to exceed investments in 2021. However, the pace of capital deployment is slowing as a series of crypto blowups sapped private equity investment appetite. Celsius bankruptcy judge orders return of some crypto assets to customers. A U.S. bankruptcy judge ruled that some crypto lender Celsius Network customers should receive their deposits back, giving relief to a relatively small group of customers whose deposits were never commingled with other Celsius funds. BTC/USD exploded 2.1% in the last session. The Bitcoin-Dollar pair skyrocketed 2.1% in the last session. The Stochastic-RSI indicates an overbought market. Support is at 16483.3333 and resistance at 17317.3333. The Stochastic-RSI is signalling an overbought market. ETH/USD skyrocketed 3.8% in the last session. The Ethereum-Dollar pair rose 3.8% in the last session after gaining as much as 4.7% during the session. The Stochastic indicator is giving a negative signal. Support is at 1188.3567 and resistance is at 1296.5167. The Stochastic indicator is currently in the negative zone. XRP/USD skyrocketed 2.4% in the last session. The Ripple-Dollar pair skyrocketed 2.4% in the last session. The Ultimate Oscillator gives a positive signal. Support is at 0.3656 and resistance at 0.4011. The Ultimate Oscillator is currently in positive territory. LTC/USD skyrocketed 1.1% in the last session. The Litecoin-Dollar pair skyrocketed 1.1% in the last session. The Stochastic indicator is giving a negative signal. Support is at 73.351 and resistance at 82.131. The Stochastic indicator is currently in the negative zone. Daily Economic Calendar: FI Industrial Output The Industrial Output shows the production volume of industries, i.e., factories and manufacturing. Finland's Industrial Output will be released at 06:00 GMT, the Austrian Industrial Production at 08:00 GMT, and the US Producer Price Index at 13:30 GMT. AT Industrial Production Industry is a basic category of business activity. Changes in the volume of the physical output of the nation's factories, mines, and utilities are measured by the index of industrial production. US Producer Price Index The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all states of processing. US Michigan Consumer Sentiment Index The Michigan Consumer Sentiment Index is a survey of consumer confidence in economic activity, making it an indicator of consumer spending. The US Michigan Consumer Sentiment Index will be released at 15:00 GMT, the UK's Consumer Inflation Expectations at 09:30 GMT, and the UK's CFTC GBP NC Net Positions at 20:30 GMT. UK Consumer Inflation Expectations The Consumer Inflation Expectation presents the consumer expectations of future inflation for the next 12 months, which may influence rate decisions. UK CFTC GBP NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. 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.
4h agocryptodaily
Leading crypto trading and lending firm ends Chelsea sponsorship
Amber Group has terminated a sponsorship deal with Chelsea football club and has also cut its workforce again in order to survive the crypto winter. Amber Group, one of the leading trading and lending platforms in Asia, has terminated a partnership with the London-based Chelsea football club. The partnership only began last May and had the Chelsea players wearing the Amber WhaleFin logo on their shirts. As reported by an article on Bloomberg, the sponsorship deal was said to be worth $25 million a year. Amber is now following a legal process which will enable it to end the deal. On top of the scrapping of the sponsorship deal Amber Group has also cut its workforce again. The latest cuts will see the workforce slashed from 700 to less than 400. At the peak of operations the trading and lending platform employed around 1,100. In order to further cut costs Amber plans to move to cheaper offices in Hong Kong. Offices in other regions will likely close, with the employees there given the opportunity to work from home. All of these moves are part of a major strategy to cut costs in what is a very difficult time for the crypto sector following the collapse and ensuing fall out from Sam Bankman-Fried’s FTX platform. Amber Group will now move its focus away from retail customers and will instead target larger institutions such as family offices and high-net-worth individuals. The Asian digital asset platform has also suffered bereavement in recent times. Its co-founder Tiantian Kullander died in his sleep at the age of only 30. 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.
4h agocryptodaily
DeFi and Web3 are Broken. Developers Can Fix it Using Blockchain 
Web2 and Web3 are similar technologies, but developers approach challenges differently. Web2 focuses on reading and writing content, whereas Web3 focuses on creating content. The latter utilizes blockchain technology to facilitate user information exchange and enhance security. Around 20,000 smart contract developers work full-time in DeFi and Web3, but it's a small number of the 27 million developers globally. At the same time, the number of Unique Active Wallets interacting with blockchain applications reached an average of two million per day. Still, compared to Web2 app Instagram’s 500 million daily active users and 4.2 billion likes per day - blockchain apps fight to onboard users. Ethereum and its Solidity programming language have long been the go-to choice for DeFi developers building financial services on the blockchain. However, DeFi on Ethereum has seen over $285m in hacks; the rewards could be more fairly shared, and Ethereum continues to be congested and expensive. These issues cause developers to hurry to alternatives like NEAR, Avalanche, and Solana to offer financial services. But unfortunately, they also spend countless hours ensuring their decentralized application is secure, only to wake up and realize bad actors drained millions of dollars of users' funds. At the same time, business leaders search the earth for people with the skills needed to build smart contracts and do whatever it takes to find users prepared to put up with the inferior user experiences presented by DeFi apps. Only to be further capped by network congestion and fees. As we rapidly enter the Web3 era, where value and data quickly move across decentralized platforms with distributed ownership and authority, entrepreneurs and developers need the tools to craft ideas and build quickly, easily, and safely. Moreover, if DeFi is to ever scale beyond crypto natives, developers in Web3 need standardized tools to build applications with user experience at the core. The argument for better DeFi Consumer saving and spending arguably power the world. As a result, we, the little guys, control the most critical parts of the global economy and financial system. The internet was all about information, but DeFi is about money - and in a world where cash is power, DeFi flips the model on its head. Most people these days spend and save using a bank, limited by regulatory compliance and further legacy issues. Web3 gives rise to a new way of doing things. New financial products built using smart contracts allow consumers to move between providers in seconds, all from the comfort of a mobile device. DeFi also creates more competition for building financial products by lowering the barrier to entry, sharing a user base between applications, and letting money move instantly and seamlessly between opportunities. The argument is that decentralized financial programs like Aave, Uniswap, and MakerDAO can directly control assets and allow financial products to operate 24/7, all year round, with 100% uptime and no staff, which will be appealing to end-users if presented in the right way. Sticky points Arguably the end-user experience of most decentralized apps leaves much to be desired. Blockchain wallets and asset custody, alongside a complex web of transactions and signatures, await beginners, while hardened veterans navigate the space with caution, often making mistakes. At the same time, according to DeFi Lama’s hack rankings, more than $700m was siphoned out of the crypto space in malicious attacks from the start of October 2022 to date. So if DeFi is to succeed, users must be able to trust and use the services offered in an intuitive, familiar, almost Web2 way. For that to happen, blockchain platforms must provide more incentives for Web2 developers and pioneers to leave a familiar world and embrace Web3. These incentives don't need to be financial but provide builders with the tools to deliver stunning products. Executives at tech giants like Google, Facebook, and Amazon will likely lead the way, leaving high-profile jobs at market-leading brands to take positions in the promising blockchain space. Polygon and Circle have hired top talent from tech firms, enticing them with the angle of working on the next big thing in Web3. Further Silicon Valley talent heading for crypto includes Sherice Torres, the former Chief Marketing Officer of Facebook’s crypto and payments team, Novi. At the same time, Amazon Cloud executive Pravjit Tiwana joined Gemini as its Chief Technical Officer. Add to this a series of mass layoffs in the tech sector, including Twitter, Amazon, and Meta’s dismissal of thousands of workers amidst the highest rates of global inflation seen for decades. This creates an incredible opportunity for businesses that previously wanted to expand their tech and payment capabilities but couldn’t because of the shortage of talent available. As a result, blockchain firms can now compete with recruiters from Silicon Valley for the brightest minds with a track record of taking products to market. Arguably, there has never been a better time to think about leaping into Web3 and DeFi development as more powerful tools, and no code solutions come online for those with a solid programming foundation. Playing around proves useful Gaming, and more importantly, the Unity game engine, led the way regarding the standardization of tools needed to build games. It gave game developers rendering and basic physics engines from which to build—altogether simplifying the process, lowering the barrier to entry, and making way for innovation and healthy competition. As a result, games got more complex while libraries of reusable art and in-game items became available for other developers to use creatively. As a result, developers, entrepreneurs, and users rushed in. With this straightforward invention of an engine and powerful tools, gaming grew bigger than music, TV, and film combined to become a billion-dollar industry. Ethereum has by far the most developers in the space, and according to DappRadar, more than 3500 dapps currently run from its smart contracts. The network is also the layer for many cryptocurrencies and blue-chip NFTs. However, as discussed earlier, Ethereum is no longer the sole player in smart contracts and Web3 development. Moreover, Ethereum doesn't offer developers plug-and-play solutions to build dapps. Instead, developers tend to fork existing applications, as was the case for Sushiswap, a fork of Uniswap. In this scenario, developers often take the bad UX from the forked application, choosing not to improve it. Ethereum is simply an industry-standard choice. However, as MySpace fell from its once high perch, and as competition increases and developers focus on end-users, other networks deliver solutions that entice Web2 builders to leap. There are solutions One blockchain stack applying the plug-and-play model outlined by Unity to decentralized finance and Web3 is Radix. The company, with its roots in the United Kingdom, has been working to deliver seamless DeFi for a decade and showcased its Radix Engine, which promises to be the Unity engine of DeFi, at an event called RadFi, where CEO Piers Ridyard laid bare the inefficiencies of DeFi. “Right now, crypto, DeFi, and Web3 are just one big glorified tech demo. For everyday people to use it, we've got to improve it radically.” Piers Ridyard, CEO of Radix At the virtual Keynote event, CEO Piers Ridyard also said what differentiates Radix is the fundamental shift in how the platform is built. The network features the world’s first programmable DeFi engine that takes concepts such as tokens and vaults and makes them native and fully interoperable. In addition, there’s a catalog of tools and pre-made solutions where Web2 developers can find helpful building blocks. The Radix engine promises to remove all the complex, low-level work that Web3 and DeFi developers spend 80% of their time on other platforms. Creating a programming language specifically for Web3 and DeFi called Scrypto, Radix hopes to tempt millions of Web2 developers into Web3. But, more importantly, provide them with a soft landing and the ability to build scalable DeFi products. Radix also claims they studied how bad actors were hacking applications built on public networks like Ethereum. For example, events such as reentrancy attacks, spend approval attacks, or signature manipulation attacks have cost the Ethereum ecosystem millions. The Radix Engine makes many of these attacks impossible, prioritizing asset security as a primary network operation, not an afterthought. Another Layer-1 blockchain trying to simplify the developer building process is Fuse Network, with its Charge product and Fuse Cash wallet. Charge takes a drag-and-drop approach to DeFi and payment infrastructure, partnering with ecosystem allies and matching them to build on their no-code platform. With a close focus on everyday payments and DeFi, Fuse and Radix are just a few of many teams out there trying to entice Web2 developers to embrace crypto and DeFi by helping them provide an experience similar to that of Web2 without investing years of study. Focus where it matters User experience in DeFi and decentralized apps has arguably suffered as brilliant people worked on the wrong problems. Successful Web3 developers may focus on pushing the boundaries of blockchain technology and the inner workings of finance and tokenomics. Still, it comes at the expense of genuinely usable applications that the mainstream user could adopt and feel safe using. Solutions like the Radix Engine could profoundly affect the industry and attract Web2 developers to build mobile-first, user-friendly applications delivering DeFi and crypto solutions. In addition, Web2 developers bring a wealth of user onboarding and knowledge that could hold the key to the mass adoption of decentralized applications. With tools becoming available Web2 developers can tap into battle-hardened code, spend less time on day-to-day app maintenance and security, and allocate resources to building beautiful applications that work, gain traction, and deliver a smooth user experience. In addition, web2 developers can join and complement the work already done by leading blockchain teams while not having to risk learning complex new programming languages. Another thing that attracts Web2 developer talent from big tech companies to Web3 is money. According to data from Blind, a social network for professionals, Coinbase offers as much as $900,000 a year for software engineers. At the same time, the average salary for Web3 developers ranges between $75,000 and $200,000. 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
6h agocoindesk
Crypto Trading Firm Amber Group Ditches $25M Chelsea Sponsorship Deal Amid Layoffs: Report
Hong Kong-based cryptocurrency trading firm Amber Group is terminating a $25 million sponsorship deal with football club Chelsea FC, according to a Bloomberg report.
7h agocryptodaily
SILK Is Now Available for Trading on LBank Exchange
INTERNET CITY, DUBAI, 9th December, 2022, ChainwireLBank Exchange, a global digital asset trading platform, has listed SILK on December 9, 2022. For all users of LBank Exchange, the SILK/USDT trading pair is now officially available for trading. As the first web3 esports with earnings, Spider Tanks enables players to earn for their play through its complex and brilliantly designed reward economy. Its native token SILK was listed on LBank Exchange at 13:00 UTC on December 9, 2022, to further expand its global reach and help it achieve its vision. Introducing Spider Tanks Spider Tanks is a blockchain-based PVP brawler created by award-winning Netherlands based GAMEDIA and brought to players by Gala Games. Players choose between a number of Tank Bodies and Weapons in the garage, then battle it out in one of the many Spider Tanks arena maps. And since all tank parts are owned as NFTs, they can be upgraded, then sold on the secondary market at any time the player chooses. Different game modes of Spider Tanks present different strategic and team-based challenges to always keep gameplay fresh. TEAM DEATHMATCH is an all-out brawl style match where the team with the most kills gets the victory. Players need to create killer destructive combinations with their teams, and let the chaos ensure. CAPTURE THE CHICKEN is a mode where the player’s team's goal is to capture as many moving chickens as possible and become a Spider Tanks chicken master. And in CAPTURE THE FLAG, the team who holds the only one flag in their possession the longest will be victorious in the match. Spider Tanks is free to play, but also incorporates a variety of play-to-earn mechanics, centering around skill-based competition, resource collection, and a player-driven upgrade cycle. It builds an ecosystem where a web of participants including NFT holders, players, and game developers revolves around playing Spider Tanks matches and receiving Victory Points that can be submitted for game token reward distribution. Whether the player wants to play with a small group of close friends, or tests their skills in high-stakes competition, Spider Tanks will be the worldwide play-to-earn esports for them. Players can enjoy the free to play game or compete with other players by purchasing fully tradable Weapons, Tanks and Bodies in the Spider Tanks store for advantages to the upgrade cycle, rarity head starts and more. About SILK Token Based on ERC-20, SILK is the game token of Spider Tanks ecosystem. It can be acquired by involving oneself in the Spider Tanks ecosystem through playing and winning games, as well as by operating nodes and other ecosystem products. SILK can also be spent in a number of ways, the chief of which is purchasing upgrades for a Tank Item NFT. SILK will always be the only currency of the Spider Tanks ecosystem, and as that ecosystem grows in size, supply will not increase in-kind. With a soft cap of 100 million (i.e., 100,000,000) tokens, SILK's economy is tied to the amount of players, SILK being generated, and SILK being spent and adjusting emission rates automatically. The SILK token was listed on LBank Exchange at 13:00 UTC on December 9, 2022, investors who are interested in the Spider Tanks investment can easily buy and sell SILK token on LBank Exchange now. The listing of SILK token on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market. Learn More about SILK Token: Official Website: https://www.spidertanks.game/ Discord: http://galagames.chat Twitter: https://twitter.com/GoGalaGames and https://twitter.com/spider_tanks YouTube: https://www.youtube.com/c/GalaGames Facebook: https://galagames.chat/ Reddit: https://www.instagram.com/spidertanks/ Instagram: https://www.instagram.com/spidertanks/ Medium: https://medium.com/@spidertanks About LBank LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute the global adoption of cryptocurrencies. Start Trading Now: lbank.com Community & Social Media: l Telegram l Twitter l Facebook l LinkedIn l Instagram l YouTubeContactLBK Blockchain Co. [email protected]
7h agocryptodaily
Nomad To Restart Bridge After Crippling $190 Million Hack
Cross-chain bridge Nomad has announced that it is preparing to relaunch its bridge and offer partial refunds to users impacted by the hack. Nomad suffered a crippling hack in August when malicious actors discovered and exploited a loophole in Nomad’s smart contracts. Relaunch And Reimburse The Nomad cross-chain bridge has announced that it is preparing to relaunch its bridge and reimburse users that lost funds during the $190 million exploit that took place earlier in the year. The Nomad team announced the launch of its relaunch guide after it fixed the smart contract vulnerability that hackers exploited to orchestrate the August hack. In a Medium post, the team stated, “Since the Nomad Token Bridge hack, the team has been working hard on recovering funds and making the necessary updates to safely relaunch the Nomad Token Bridge.” According to Nomad, the protocol would allow users to bridge back their madAssets, and access a pro-rata share of the recovered funds. The company also implemented a redesign for the token bridge, without which, according to the company, the “first people to bridge back their madAssets would receive canonical tokens on a one-to-one basis until there were no canonical tokens left.” In an attempt to avoid this first-come, first-serve approach, Nomad implemented several changes in the protocol and gave users the ability to bridge back, access a portion of the recovered funds, and ensure that the tokens accessed are in the original token, providing impacted users with a mechanism to access any funds recovered in future. Nomad added, “Given the scope of these changes, a full audit of the smart contracts was completed along with an additional re-review of any remediations with our auditors.” Verification Process Open Nomad also asked its users to go through and comply with all Know Your Customer (KYC) regulations through CoinList, a centralized exchange and launchpad, to receive their reimbursed funds. The team stated that KYC was essential to ensure that all payments were in line with compliance norms. Once the verification process is completed, users will receive a special NFT that will grant them access to a proportional share of the recovered funds on the Ethereum blockchain. The NFTs will be non-transferable and allow holders to receive any other funds that are recovered in the future. The Nomad Bridge Hack Nomad’s cross-chain bridge allows users to move assets across Ethereum, Avalanche, Moonbeam, and Evmos blockchains. In August, malicious actors discovered a security vulnerability in Nomad’s smart contracts, which enabled them to steal funds through dubious transactions. An analysis of the hack revealed that the original hackers were joined by hundreds of copycat hackers, using the same vulnerability, but modifying the recipient address, token amount, and target tokens. The hack resulted from a faulty software update initiated by the Nomad developers, which allowed anyone to drain funds from the protocol. The hack resulted in $190 million being stolen from Nomad, making it one of the biggest crypto hacks of 2022. As of August, Nomad had managed to recover almost $37 million from the stolen funds with help from ethical hackers, with the company still asking hackers to return the stolen tokens. 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.
14h agocointelegraph
FEC probe demanded after SBF 'admitted' to making dark money donations
Sam Bankman-Fried previously told crypto vlogger Tiffany Fong in an interview that all his republican donations "were dark."
15h agocointelegraph
What Paul Krugman gets wrong about crypto
Cryptocurrency has evolved over the last decade, but Krugman is still hung up on Bitcoin's 2008 white paper.
19h agocryptopotato
Hong Kong Includes Licensing Regime for Crypto Exchanges in New Legislation
The government is also working on a separate regulatory groundwork aligning with international consensus on stablecoin regulation.
20h agocointelegraph
BlockFi employees were discouraged from describing risks in internal communications: Report
According to a former employee, an internal team at BlockFi raised concerns about the borrower pool being too concentrated among crypto whales, such as Three Arrows Capital and Alameda.
23h agocryptosrus
Inside South Korea’s wild plan to dominate the metaverse
“Many years ago, it was AI. Now, it’s metaverse,” he says. “From the government’s perspective, […] as long as you don’t have a coin itself, they’re willing to support a lot of these new technologies” — Doo Wan Nam from StableNode South Korea: The land of the metaverse If you had to pick the one […] The post Inside South Korea’s wild plan to dominate the metaverse appeared first on CryptosRus.
23h agocoindesk
Crypto Hedge Fund BKCoin Fired Co-Founder Kang Over Misappropriated Investor Funds
An ongoing case in a Florida district court alleges Kang misused $12 million in investor assets.
1 day agocryptosrus
Hong Kong to subject crypto exchanges to the same laws governing TradFi
The legislative council of Hong Kong has amended its anti-money laundering (AML) and counter-terrorist financing (CFT) financing system to include virtual/crypto asset service providers. The legislation will create a new licensing regime for crypto asset service providers, which will go into effect on 1 June 2023. The new amendment will subject crypto exchange service providers to […] The post Hong Kong to subject crypto exchanges to the same laws governing TradFi appeared first on CryptosRus.
1 day agocointelegraph
Many Koinly staff point to poor communication, CEO in global layoffs
Uncertainty and a lack of communication were among the complaints of Koinly employees laid off in recent months before the company made an official announcement.
1 day agocryptodaily
Three Cryptos To Trigger the Next Bullrun: Orbeon Protocol (ORBN), Litecoin (LTC), and Ethereum (ETH)
It's no secret that the cryptocurrency market is in a bear run. However, this doesn't mean that all cryptocurrencies are doomed. In fact, there are three specific cryptos that have the potential to trigger the next bull run: Orbeon Protocol (ORBN), Litecoin (LTC), and Ethereum (ETH).Orbeon Protocol (ORBN) is already seeing a surge in prices during phase 2 of the public presale and prices are currently up 525% since its initial release. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Ethereum (ETH) Ethereum (ETH) is a cryptocurrency that completely changed the game. Ethereum (ETH) was not just a currency, but a platform for building decentralized applications and smart contracts. This enabled developers to create new protocols to transact their digital assets without the need for middlemen or third-party gateways. Ethereum (ETH) has experienced strong growth since its inception in 2015, with its current market capitalization surpassing $150 billion. This growth can be attributed to the increasing number of decentralized applications being built on top of Ethereum (ETH). But with such a larger market cap, how can Ethereum (ETH) possibly trigger a bull run? The answer lies in the upcoming Ethereum 2.0 upgrade, which is expected to reduce transaction fees and speed up transaction times. As companies shift their focus to blockchain technology, Ethereum (ETH) could see a surge in prices as the demand for its blockchain technology rises. This could be the spark that sets off a bull run across the entire crypto market. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Telegram: https://t.me/OrbeonProtocol 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.
1 day agocryptodaily
Celsius Ordered To Return $44M To Users
A United States court has ordered the bankrupt crypto company Celsius to refund its customers with crypto assets worth $44 million. Judge Orders Crypto Returns The crypto lender, which announced its bankruptcy in July 2022, has been ordered by the Chief Bankruptcy Judge Martin Glenn to return millions of dollars of crypto funds to its users. The firm has been directed to refund its users the crypto assets worth $44 dollars in September. During the ruling, Judge Glenn reportedly stated, &ldquo;I want this case to move forward. I want creditors to recover as much as they possibly can as soon as they possibly can.&rdquo; In other news, the company has successfully appealed to the court to extend its exclusivity period till February 15, 2023, by which it has the monopoly to submit the company reorganization plans under the Chapter 11 guidelines. At the time of bankruptcy filing, the Celsius team had announced that its liabilities were between $1 billion and $10 billion, with over 100,000 creditors. Escrow Funds Belong To Customers A report claimed that Celsius held over $200 million in assets in escrow. However, the firm reportedly moved most of these funds (around $200,000) from interest-bearing to escrow accounts shortly before the bankruptcy filing. According to the preferential transfer rules, this could have given them the option to claim ownership of the funds in the custody accounts. However, now according to the court order, the funds held in escrow accounts must also be returned to the customers, even if they did not enter the company&rsquo;s interest-bearing accounts. The court order came after Celsius advisors and stakeholders determined that the funds held in the custody accounts belonged to the customers, not Celsius. Executives More Eager To Fill Own Pockets There has been quite some uncertainty regarding the funds held by Celsius, even after its bankruptcy filing. Several high-level executives were accused of filling their pockets instead of thinking about the community. Ex-CEO Alex Mashinsky has been a chief target of these allegations. In early October, reports broke that Mashinsky had withdrawn $10 million from the platform. Immediately after, Celsius froze all user accounts and transactions while still claiming that user funds were safe. Two other top executives were accused of allegedly stealing user funds a couple of days after this news broke. Former CSO Daniel Leon and CTO Nuke Goldstein reportedly withdrew $56 million along with Mashinsky just before the company filed for bankruptcy. The fact that all three top executives had put their own interests before the community has been a point of contention for the community and has led to a general feeling of ill will, especially towards the disgraced former CEO himself. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptodaily
DeFiChain’s Much Anticipated ‘Grand Central’ Hard Fork Goes Live
Singapore, Singapore, 8th December, 2022, ChainwireDeFiChain, the world&rsquo;s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications to everyone, has officially activated the much-anticipated Grand Central hard fork on its network at 01 AM EST on Thursday, December 8th on Block Height 2,479,000. The Grand Central hard fork is one of the biggest and most monumental updates for DeFiChain in 2022. It marks the rollout of four main features: On-chain governance Token consortium framework Support for masternode parameter updates (owner, operator, reward address) Pool commission and reward fixes This hard fork addresses some of the long-awaited product debt and prepares the DeFiChain community for an accelerated growth in 2023. U-Zyn Chua, Co-Founder of DeFiChain, said, &ldquo;Grand Central marks a major step in DeFiChain&rsquo;s governance structure since it is implementing on-chain governance. This makes the voting processes perfectly transparent, easier and strengthens the governance structure of DeFiChain. A major step for the whole ecosystem.&rdquo; On-chain governance To make changes in the DeFiChain ecosystem, community members can submit three types of proposals to be voted on by masternode owners: Community development fund request proposal (also known as Community Fund Proposal; CFP) Vote of confidence (also known as DeFiChain Improvement Proposal; DFIP) Block reward reallocation proposal Currently, the process of creating a proposal and voting is largely done off-chain. With On-Chain Governance (OCG), any proposal which requires voting by community can be conducted directly on the blockchain. It will strengthen DeFiChain&rsquo;s governance structure and ensure that there is complete transparency in the entire voting process for the DeFiChain community. The voting results will now be available real-time on a dashboard on defiscan.live, which makes tracking the results much easier. For masternode owners, they will be able to generate a script to vote for each proposal via the dashboard, reducing the effort required for voting. Overall, this would result in higher levels of participation in the voting of proposals. DeFiChain Consortium In DeFiChain, tokenized digital assets are meant to be backed 1:1 by the actual asset in its respective ecosystem (e.g. one dBTC being backed by one BTC). However, this backing is currently not enforceable via the blockchain. The DeFiChain Consortium will give a proper structure to the backing of dAssets to ensure that all digital assets are backed. Members of the Consortium (e.g Cake DeFi) will have their own dedicated key for the minting and burning of tokenized digital assets. Each member is required to back any digital assets they mint, regardless of whether they are minting for themselves or on behalf of users of their platform. The Consortium members will also be required to pledge two days worth of collateral, in DFI or DUSD, that will be locked up in a smart contract. It is required on top of the backing of the tokenized digital assets. This collateral will determine how many digital assets a member can mint each day. This additional collateral is meant to deter members from engaging in activities that are contrary to the interests of the community, and to pay for damages in the event where a member overmints digital assets or is unable to provide backing for tokenized digital assets. The formation of the Consortium will enhance the governance structure and transparency in the DeFiChain community. It also provides a mechanism for the community to monitor the backing of tokenized digital assets, which deters overminting. About DeFiChain DeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the Bitcoin network to enable advanced DeFi applications. It is dedicated to enabling fast, intelligent, and transparent decentralized financial services. DeFiChain offers liquidity mining, staking, decentralized assets, and decentralized loans. The DeFiChain Foundation's mission is to bring DeFi to the Bitcoin ecosystem. For more information, visit: Website | Twitter | Discord | GitHubContactBenjamin [email protected]
1 day agocoindesk
Hong Kong Amends Finance Law to Incorporate Crypto Firms
Virtual asset service providers will be covered by terror financing and anti-money laundering rules as of June next year.
1 day agocointelegraph
Hong Kong to subject crypto exchanges to the same laws governing TradFi
The new legislation will bring a licensing regime for the virtual asset service providers requiring them to pass strict AML and money laundering guidelines.
1 day agocoindesk
First Mover Asia: Here’s What Might Happen to Sino Global’s Liquid Value Fund During FTX’s Bankruptcy Protection Proceedings
Crypto Twitter wanted to know the potential consequences of having Alameda and Sam Bankman-Fried as partners in a fund. So we asked a Hong Kong-based lawyer who specializes in asset tracing and recovery; bitcoin dips but not much.

About Ontology Gas

The live price of Ontology Gas (ONG) today is 0.259654 USD, and with the current circulating supply of Ontology Gas at 326,696,892.91 ONG, its market capitalization stands at 84,828,114 USD. In the last 24 hours ONG price has moved 0.005572 USD or 0.02% while 708,816 USD worth of ONG has been traded on various exchanges. The current valuation of ONG puts it at #227 in cryptocurrency rankings based on market capitalization.

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

Ontology Gas Price0.259654 USD
Market Rank#227
Market Cap84,828,114 USD
24h Volume646,909 USD
Circulating Supply326,696,892.91 ONG
Max Supply1,000,000,000 ONG
Yesterday's Market Cap84,582,780 USD
Yesterday's Open / Close0.253331 USD / 0.258903 USD
Yesterday's High / Low0.259447 USD / 0.250293 USD
Yesterday's Change
0.02% ( 0.005572 USD )
Yesterday's Volume708,815.80 USD
Select...
/
Select...
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
Website
Community
Arrow icon