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Ontology price, market cap on Coin360 heatmap

Ontology(ONT)

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$0.253597
(-9.44%)
0.00001120 BTC
Market Cap (Rank#154)
$221,960,651
9,803 BTC
Vol 24h
$14,458,654
638.588 BTC
Circulating Supply
875,249,524
Max Supply
1,000,000,000
4h agocoindesk
First Mover Asia: Bitcoin Sinks Below $23K; South Korea's Bumpy Crypto Path Forward
The prices of the largest cryptocurrency in market value and ether both continued recent losing streaks after late-in-the-day declines.
8h agocryptopotato
Tether Hires New Auditor BDO Italia For Monthly USDT Reserves Report
The new accounting firm will help Tether conduct monthly attestations for USDT reserves.
11h agocryptodaily
Korean Police to Accept Cryptocurrencies For Traffic Fines
The South Korean police have just completed a successful trial program that allows it to take crypto from individuals to pay their traffic fines. Gunpo, a small city in the northwestern Gyeonggi province with a population of 275,000, has completed a pilot program that allows police to seize cryptocurrencies from the exchange accounts of persons with delinquent traffic fines. A report from news agency JoongBoo Ilbo, said that the program is a way to collect funds in a contactless way. So far, the program has proved very successful with the Gunpo police achieving an 88% collection rate on traffic fines totaling $668,000. The funds collected so far puts the city on track to exceed its goal of collecting $759,000 in fines by the end of the year. The news agency reported however that the amount generated in delinquent fines was around $759 in cryptocurrencies. According to the program, crypto seizures were not compulsory, unless an individual’s account balance could not cover the whole amount of the fine. Due to the success of the program, the amount collected this year has topped the total amount generated over the past three years. The report does not state which cryptocurrencies would be seized and sold to pay fines. Korea Cracks Down on Enforcement South Korea’s crypto market is burgeoning, growing to $45.9 billion in 2021. As the digital asset market continues to grow, the South Korean government is cracking down on its enforcement thereof. On Thursday, it was announced that the country’s anti-money laundering authority is acting against 16 foreign crypto exchanges that have operated without proper registration. The Korea Financial Intelligence Unit (KoFIU), part of the country’s Financial Services Commission announced that as many as 16 virtual asset providers have been offering services to its citizens without obtaining the necessary licenses. The KoFIU said that it notified the country’s investigative authority and requested that access to their websites be blocked. Credit card-based crypto purchases and transfers of digital assets to and from unregistered firms will also be blocked to disable their use in the domestic market. The unregistered exchanges include KuCoin, MEXC, Phemex, XT.com, Bitrue, ZB.com, Bitglobal, CoinW, CoinEX, AAX, ZoomEX, Poloniex, BTCEX, BTCC, DigiFinex, and Poloniex. 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.
12h agocryptodaily
Ronin Adds New Validators As Security Measure
The Ronin sidechain has added three new validators to the project, increasing the total number of validators to 17. Ronin Adds Three Validators The Ronin development team recently announced in a blog post that they had increased the number of validators securing the chain from 14 to 17. The addition of the three extra validators is a part of the security measures being adopted by the developers to ensure higher levels of verification following the $600 million hack in March. Furthermore, the team has revealed that it will not stop at 17 and plans to establish a total of 21 independent validators. Plans Of 21 Validators The Ronin sidechain is an Ethereum-powered platform that hosts the Axie Infinity game and is funded by the blockchain gaming company Sky Mavis. The new validators will add an additional layer of verification for transactions occurring on the sidechain. According to the team, the new validators are Efficient Frontier, Community Gaming, and Nansen. The first validator, Efficient Frontier, is a digital asset algorithmic trading firm that has worked with the Ronin Network as a market maker and to ensure token liquidity. The second validator is the global earnings platform and competitive organizer Community Gaming, which has recently partnered with Sky Mavis as an official operations partner. Finally, the third validator is the blockchain analytics platform Nansen.ai, which already provides in-depth information about Ronin Network data. Security Measures By Ronin The addition of the new validators is promising for the sidechain, as the massive exploit in March happened when the North Korean hacker group Lazarus took control over five of the nine validator nodes on Ronin and siphoned away 173,600 ETH and 25.5 million USDC, amounting to over $600 million in crypto assets. The Ronin team had to scramble in the aftermath of the attack, somehow raising $150 million from investors like Binance, a16z, and Paradigm, to reimburse lost user funds. However, soon after the hack, in April, the team decided to impose higher levels of verifications by increasing the number of validators. Since the Ronin sidechain is based on a proof-of-stake algorithm, transaction verifications happen based on the majority consensus or agreement of the validators. Therefore, the more validators that are on the system, the more secure the network is. As of today, the network requires 70% of the current validators to approve a proposal. 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.
13h agocryptodaily
MAXUSDT Limited - Forerunner in cloud mining and DeFi hardware.
In a nutshell, cloud mining is the process of mining Bitcoin or alternative cryptocurrencies by making use of the computing power provided by a remote data center. To make cryptocurrency, you won't need to invest in any expensive equipment. Additionally, specific technical expertise in areas such as information technology and cryptocurrency is not required. Because of this technology, users are able to earn cryptocurrency without having to spend money on specialized hardware or software and without having to manage it. A cloud mining provider company is responsible for the maintenance of all ofthe equipment, also known as mining rigs. To start earning cryptocurrency, all you need to do is select and purchase a cloud mining contract that is appropriate for your needs. Customers are required to pay certain fees in order to participate in cloud mining due to the fact that it is a type of service (similar to residential broadband, for example). The most significant advantage offered by cloud mining technology is the low-cost availability of Bitcoin mining from any location in the world and on any device. It is not necessary for you to make an expensive equipment purchase or use the software that goes along with it. Simply purchase a cloud mining contract to rent a miner and begin making cryptocurrency while taking advantage of the provider's power capacities. Everyone who wants to invest in cryptocurrencies can participate in the process, even complete novices. You can generate cryptocurrency while taking only a small amount of risk if you use a reputable cloud mining provider. Choosing a legitimate cloud mining website that gives you access to options and tools that are safe and sound is all that is required of you at this point. MAXUSDT was founded in 2020 as a new initiative to increase mining's accessibility to international clients. After seven years of private mining experience, MAXUSDT was among the first companies in the world to develop the idea of cloud hosting. MAXUSDT has worked diligently over the past two years to enhance both the product and the customer experience. MAXUSDT now offers a comprehensive mining platform with a variety of mining options to meet the diverse needs of its customers. Mining is made more accessible than ever before by MAXUSDT. MAXusdt(TRX) enables users to rent electricity (its machines) and generate a consistent income. The company deposits the payments daily into the accounts of the investors. MAXusdt(TRX) aims to bring cloud mining to the masses and enable cryptocurrency mining. Even those with no knowledge of the process can get things up and running quickly and should begin receiving returns within the first twenty-four hours. Signing up for an account on the MAXusdt(TRX) website and selecting a contract is all that's required to begin earning money through cloud mining. Each contract differs in capacity, duration, and level of referral. Do not overlook the significance of investigating the referral program; you can earn bonuses by forwarding helpful information to your friends. You have the opportunity to earn up to 80 TRX for each new user who joins as a result of your invitation. The maximum rebate percentage for trades is 18 percent, while the maximum rebate percentage for deposits is 15 percent. MAXusdt(TRX) offers generous referral incentives for users who share their referral code with their social network to earn a significant amount of TRX. Reward structures for referrals include invitation rebates, trade rebates, and deposit rebates. Moreover, the recent implementation of a brand-new Mining Cycle Model has enabled users to generate high returns in a relatively short period of time. This is due to the fact that users now have access to the most recent model version. If users' promotional accounts contain TRX tokens, they can participate in the subsequent mining cycle. Users who invest in the new mining cycle are eligible for a daily return between 2.5% and 11% as long as their investment is maintained. This return is only available to those who maintain their initial investment. After the allotted time, users will be able to transfer the total mining returns from the promotion account to their own wallets. MAXUSDT LIMITED is also pleased to announce the launch of MAXDeFi(USDT), their new project. The MAXDeFi(USDT)project is a blockchain-based decentralized finance platform. MAXDeFi's liquidity stacking is extremely unique and takes advantage of the blockchain's decentralized nature. To get started, all you need is a wallet; no initial deposits on the platform are required. It is a joint effort by the Ether and Tether Foundations to address the issue of ERC/TRC chain node congestion and high gas fees while also encouraging more people to purchase USDT. A straightforward strategy is to begin withdrawing your ETH/USDT/TRX stack every day. Users who join the node can begin earning 0.50 percent to 1.50 percent stacking revenue every 6 hours. Following the validation of your membership, the MaxDeFi(USDT) blockchain network will immediately begin to compute your funds through the node and stack the revenue. Follow it on Telegram, Facebook and Twitter to learn about new product launches and recent developments. MAXusdt(TRX) | MAXDeFi(USDT) | Official Website | White Paper | License & Certificate 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.
14h agocryptodaily
Draper Dragon: Bullish on Web3 projects like IoTeX and MachineFi
Kavan Canekeratne, Draper Dragon Senior Associate, whose company is significantly bullish on Web3 projects like IoTeX and its MachineFi vision, said his investment firm believes many projects have failed tokenomics and should focus on making them sustainable. Web3 is here to stay. We've heard this phrase before, mainly when crypto advocates speak of the future of blockchain and digital assets. And there is evidence to support that it is true. Eleven months ago, a Bitcoinist report revealed that institutional investors owned 8% of the total supply of bitcoin. Late last year, according to a Reuters report, the International Monetary Fund (IMF) conceded that "crypto assets are potentially changing the international monetary and final system in profound ways." On 26 April this year, Bitstamp published a survey showing that 80% of institutional investors believe crypto as an asset class will surpass traditional investment tools in the next decade. The same study, covered by Euronews in an 11 May 2022 article, indicates that 88% of the 28,000 institutional investors interviewed believe crypto will go mainstream within the next decade. Draper Dragon launched in 2006, a couple of years before the bitcoin genesis. Its founders, Larry Li, Andy Tang, Bobby Chao, and multi-billionaire Tim Draper, initially invested in traditional tech firms from Silicon Valley, Toronto, Shanghai, Hong Kong, Singapore, and Bangalore. However, today, “we only invest in Web3 and companies that will bring the next wave of people into crypto,”said Kavan Canekeratne, Senior Draper Dragon Associate. He also said crypto projects should focus more on sustainable tokenomics. “Currently, very few products have this figured out but should focus more on this issue.” The Draper Dragon portfolio includes "unicorns" such as Microport Medical, Coinbase, Otter, VeChcain, IoTeX, and Ledger, a crypto hardware wallet provider, which just recently closed a $100 million funding round at a $1.5 billion valuation. Video insert: IoTeX to Enable Widespread Web3 Use: In Conversation with Kavan Canekeratne The next wave of people into crypto Draper Dragon has a dedicated digital asset fund that focuses on all things web3, explained the California-based company's Senior Associate Kavan Canekeratne. "We have four main tracks, which are infrastructure, where IoTeX and its MachineFi vision fits in, and NFTs, DeFi, and metaverse-gaming," he added." So, it's a pretty broad thesis within web3, but that's all in which we invest." He said that on the infrastructure side," we also invested in Ledger, which is one of the best selling cryptocurrency hardware wallets." "What we look for are companies that will help bring the next wave of people into the crypto economy," said Canekeratne. "And what I mean by that is that (web3) right now it's been built by developers for developers. So, how do we make it an ecosystem that's usable by everybody? And I think those will be the next great companies." In that sense, said Canekeratne, "IoTeX fits really well into what we are looking for but also just like an actual concrete use case for web3 and crypto because data is super important. Everybody is trying to figure out more ways to collect data. And then what we can do with that data and the insights are typically very powerful." Video insert: IoTeX Models Sustainable Demand & Tokenomics: Problem: Very few control consumer data "But today we're in a world where very, very few people control that data, whether it's consumer data, like our user behavior, or also for machines and how we're using them, and how they are used," the investment expert pointed out. And this is where IoTeX's MachineFi is significantly relevant. It is about empowering users and enabling their access to the data economy. "That's only going to grow in importance in the coming years," he said. In Canekeratne's opinion, IoTeX's MachineFi is a powerful proposition. "There is always going to be somebody looking for what you guys (IoTeX) are supplying," which is data. "And I believe that is a powerful ecosystem for users to get involved in," he said. The Draper Dragon Senior Associate spoke of one example where users could monetize weather sensors in their spare time thanks to IoTeX's technology and its MachineFi platform. "The weather data flow is fascinating because it is a pretty capital-intensive thing to do," he said. "Weather flow is a weather collecting sensor that could bring more users into the IoTeX ecosystem." How does MachineFi benefit users? MachineFi Lab is IoTeX's core developer. It has built the most cutting-edge technology to power all kinds of intelligent devices and machine networks and create the most groundbreaking web3 reward economy for the benefit of users. As Canekeratne said, currently, only tech firms benefit and profit from the billions of smart devices and machines connected to the internet. But with MachineFi technology, that will no longer be true as it decentralizes the intelligent machine connectivity with blockchain. It gives the user back control over their devices and their data. Today's data economy could mean up to $3,000 in extra cash each year for users, and currently, there are only about 20 billion devices connected to the internet. That value is expected to increase significantly by 2030, when IHS Markit estimates that people will have 125 billion IoT smart devices and machines. "For any MachineFi network to exist, you need adapters to grab the data, computing resources to process that data, a trusted way to serve the data, and a machine-friendly blockchain to power assets," he said. "And, of course, decentralized identities are indispensable." IoTeX has built the blockchain to decentralize the IoT, to democratize it so that users can profit from their data instead of the big corporations as is now the case. "We have built a fast, extremely low-cost, secure, and scalable multichain," Guo added. "IoTeX supports IoT-friendly crypto curves, SDKs, and bridges to connect other blockchain and blockchain assets. We are also close to releasing W3bstream for data streaming, gathering, and serving." W3bstream is poised to be one of the most advanced technologies to deal with machine data, Guo added. The conclusion in IoTeX's CEO's words "Web3 represents a significant paradigm shift that could fundamentally change how people interact with smart devices and machines and how IoT businesses work," said Chai. "MachineFi technology decentralizes the IoT and gives people and businesses back ownership. It returns data ownership to users unlocking rewards and benefits never seen before." Web3 comes with many challenges, and it is still at its early stages, but those who decide to get involved with it and, particularly with MachineFi, will reap the benefits it brings, Chai concluded.
14h agocryptodaily
Bitcoin Technical Analysis: BTC Tests 23151 Technical Support
BTC/USD Tests 23151 Technical Support: Sally Ho’s Technical Analysis – 18 August 2022 Bitcoin Bitcoin (BTC/USD) notched relatively slight gains early in the Asian session as the pair traded as high as the 23600 level after trading as low as the 23180.14 area during yesterday’s North American session. Price activity continues to orbit the 23409.85 area, representing the 23.6% retracement of the appreciating range from 17567.45 to 25214.57. Additional downside price objectives in this appreciating range include the 22293, 21391, 20488, 19372, and 19203 levels. Stops are likely in place below the 23151 area. Upside retracement levels in the depreciating range from 31549.21 to 17567.45 include the 26208, 28249, and 28557 areas. Additional upside price objectives and areas of potential selling pressures include the 25552, 26323, 26411, 26901, 27126, 27455, 28426, and 29669 areas. Below recent price activity, possible technical support and areas of buying pressure include the 22582, 22141, 21596, 20446, 19852, and 19762 levels. Additional significant technical areas on the downside include the 16990.14, 14500.15, and 10432.73 areas. Traders areobservingthat the50-bar MA (4-hourly)isbullishly indicating above the 100-bar MA (4-hourly)andabove the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the100-bar MA(4-hourly) at 23628.98 and the50-bar MA(Hourly) at 23669.64. Technical Supportis expected around16990.14/ 14500.15/ 10432.73 withStopsexpected below. Technical Resistanceis expected around25256.96/ 27455.20/ 32383.96 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bearishly below MACDAverage. On60-minutechart,SlowKis Bearishly below SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
14h agocryptodaily
ENS Crosses 2M Domain Names
After a record-breaking performance in July, over 2 million domain names have been registered on the Ethereum Name Service (ENS). Record-Breaking July Numbers Ethereum Name Service has achieved a record-breaking performance of over 2 million domain name signups in just a little over five years of existence. Furthermore, a significant portion of these domain names was created in the month of July 2022, when the project witnessed the largest monthly rise in revenue. The 2 million domain names are significant because the first million names were registered over five years, and the second million took just 3.5 months to be registered. According to Dune Analytics, out of the 2 million addresses, a significant 378,804 registrations happened in July, when protocol revenue also climbed above $6.8 million. The July numbers are the highest monthly registration so far, the closest being May (around 365K registration), almost 124% higher than that of April (approximately 163K registrations). The Terra LUNA-related market turmoil had affected the numbers in June, which only witnessed 122K ENS registration. However, the July numbers indicate that the market is recovering. Domain Renewals Also Increases Experts believe that the sudden spike in adoption of the ENS is due to the upcoming Merge upgrade when the Ethereum network will transition to a Proof-of-Stake (PoS) protocol and thus lower the network’s gas fees significantly. Furthermore, many celebrities have also bought ENS domains, choosing to flaunt it on Twitter and other social media platforms, inspiring the masses to do the same. However, it is not just domain name registration that has seen a boost in recent months. The data suggests that more users are choosing to stay within the ENS ecosystem as the number of renewals has also increased. The one-year period from May 2021 through April 2022 witnessed monthly renewals in the four-figure range. However, May 2022 saw around 16.6K ENS domain renewals, with another record-breaking number in July, with 25.8K renewals. What Is ENS? The Ethereum-powered naming system allows users to secure ENS domain names, which function as non-fungible tokens (NFTs) and can be bought and sold on NFT marketplaces like OpenSea. ENS is basically a decentralized Web3 protocol that assigns complex strings of alphanumeric machine-generated character-based information to human-friendly names. The system allows users to create simple usernames for complex wallet addresses and decentralized websites. For example, it can map machine-readable wallet addresses like ‘7g978dn39ji9sx’ to a human-readable name such as 'ABC.eth.' Essentially, ENS is an NFT that can act as an ETH wallet address, a cryptographic hash, or a website URL. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
15h agocryptodaily
ENS Crosses 2M Domain Names
After a record-breaking performance in July, over 2 million domain names have been registered on the Ethereum Name Service (ENS). Record-Breaking July Numbers Ethereum Name Service has achieved a record-breaking performance of over 2 million domain name signups in just a little over five years of existence. Furthermore, a significant portion of these domain names was created in the month of July 2022, when the project witnessed the largest monthly rise in revenue. The 2 million domain names are significant because the first million names were registered over five years, and the second million took just 3.5 months to be registered. According to Dune Analytics, out of the 2 million addresses, a significant 378,804 registrations happened in July, when protocol revenue also climbed above $6.8 million. The July numbers are the highest monthly registration so far, the closest being May (around 365K registration), almost 124% higher than that of April (approximately 163K registrations). The Terra LUNA-related market turmoil had affected the numbers in June, which only witnessed 122K ENS registration. However, the July numbers indicate that the market is recovering. Domain Renewals Also Increases Experts believe that the sudden spike in adoption of the ENS is due to the upcoming Merge upgrade when the Ethereum network will transition to a Proof-of-Stake (PoS) protocol and thus lower the network’s gas fees significantly. Furthermore, many celebrities have also bought ENS domains, choosing to flaunt it on Twitter and other social media platforms, inspiring the masses to do the same. However, it is not just domain name registration that has seen a boost in recent months. The data suggests that more users are choosing to stay within the ENS ecosystem as the number of renewals has also increased. The one-year period from May 2021 through April 2022 witnessed monthly renewals in the four-figure range. However, May 2022 saw around 16.6K ENS domain renewals, with another record-breaking number in July, with 25.8K renewals. What Is ENS? The Ethereum-powered naming system allows users to secure ENS domain names, which function as non-fungible tokens (NFTs) and can be bought and sold on NFT marketplaces like OpenSea. ENS is basically a decentralized Web3 protocol that assigns complex strings of alphanumeric machine-generated character-based information to human-friendly names. The system allows users to create simple usernames for complex wallet addresses and decentralized websites. For example, it can map machine-readable wallet addresses like ‘7g978dn39ji9sx’ to a human-readable name such as 'ABC.eth.' Essentially, ENS is an NFT that can act as an ETH wallet address, a cryptographic hash, or a website URL. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
15h agocryptodaily
LBank Exchange To Join GYMSTREET Metaverse
LBank, the popular crypto currency exchange, decided tobecome a partner and open up an official branch inGYMSTREET, the Metaverse counterpart of Wall Street. LBank will have its own uniquely designed building not onlyto represent their brand, but to actually offer their services toreal world customers via the virtual world. GYMSTREET will become the Wall Street of the Metaversewith its own design, a place where innovative companies canoffer their financial services to real customers in the virtualworld. It doesn’t matter whether you offer DeFi, CeFi, banking, exchange, or whichever financial services. If youwould love to be among the big players at Wall Street, youcan soon do so in the Metaverse with GYMSTREET. GYMSTREET has thus brought another strong partner onboard alongside Gym Network, which has already establishedan official partnership with Alpaca Finance, the biggest DeFiprotocol on Binance Smart Chain. Gym Network is aninnovative DeFi platform that allows its users to earn rewardsvia the usage of their products, which currently consist of theVault, Farm, and Single Pool, with a total value locked of $34 Million. What makes Gym Network stand out among similarplatforms is its unique smart contract based affiliate systemthat lets users share in the profits of their sponsored partners. Gym Network has grown to 25,000 investors, many of whomare taking advantage of the built-in smart contract basedaffiliate system, and is aiming to grow past 100,000 investorsby the end of 2022. All these people may add to LBank’scustomer base as they may use LBank to trade their earnedGYMNET, Gym Network’s rewards token. It’s a win-win for everyone! The listing of GYMNET onLBank will also expose Gym Network together with theGYMSTREET Metaverse to their audience. The popularcrypto currency exchange that is#15 on CoinMarketCap’s Top Cryptocurrency Spot Exchanges list has more than 1.8 Millionmonthly visits and a daily trading volume close to $1.5 Billion. GYMSTREET gives companies not only the opportunity tooffer their services in the metaverse, but also to connect themto an affiliate system where users have the chance to receiverewards for using and promoting these services. Frank Röhrig, CEO of GYMSTREET, has a long-term vision to become thelargest affiliate and investors platform for innovativecompanies offering their services in the metaverse and ispleased to welcome LBank as the first provider to takeadvantage of this opportunity. Especially for this purpose, GYMSTREET and LBank have worked a special affiliate dealto make trading even more attractive for both theircommunities. GYMSTREET will be like the Wall Street Metaverse thatprovides innovative companies to offer their financial servicesto real customers in the virtual world. Users will be able toaccess these services and also get the chance to earn rewards. LBank is a popular crypto currency exchange that’s growingfast and is already on position #15 on CoinMarketCap’s Top Cryptocurrency Spot Exchanges list. LBank has more than 1.8 Million monthly visits and a daily trading volume close to$1.5 Billion. The listing of GYMNET on LBank is set for 1 September2022. Media Contacts: TG: https://t.me/gymnetwork_english Website: https://gymnetwork.io Twitter: https://twitter.com/GymNet_Official Youtube: https://www.youtube.com/c/GYMNETWORK_OFFICIAL 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.
16h agocryptodaily
MAXUSDT(TRX) – Most reliable financial service in 2022.
Back in the day, every major software and computer company would stock their basements with rooms full of computers that would work around the clock to process numbers. There would be rooms dedicated to the servers that keep the lights on, and they would be the size of gymnasiums. Since the advent of cloud computing, all of that has changed. Instead of giving up valuable underground real estate, software companies started renting computing power from warehouses full of powerful machines hosted elsewhere. This allowed them to avoid giving up the valuable underground real estate. The process of running powerful computers in order to mine cryptocurrencies such as Bitcoin, Ethereum, and Tron is known as "cloud mining." Cloud mining applies the same concept as outsourcing computational work to the mining of cryptocurrencies. Instead of purchasing expensive computers to mine these coins on your own, you can rent the computing power of a specialized miner from a cloud mining company located anywhere in the world. This saves you the expense of purchasing an expensive computer. In addition to this, when you pay for cloud mining services, you are actually renting a portion of a pool that contains a significant amount of computational power. This means that you have a greater chance of beating other bitcoin miners that are less powerful than you and who are competing to generate a winning hash that will earn them bitcoin. However, cloud mining frequently requires paying someone else to mine on your behalf, effectively renting their rig for a predetermined period of time. You will earn less than you would if you mined the same amount yourself, but you won't need to purchase a mining rig. As a result, many individuals search for ways to earn the same amount of money without having to deal with the setup, maintenance, and repair of their business. MAXusdt(TRX) is one of the most reliable companies that makes cloud mining possible. MAXusdt(TRX) is an expert and prestigious crypto-mining platform that was established in 2020 and provides amazing investment opportunities to anybody interested in USDT and TRON. MAXusdt(TRX) is announcing its latest cryptocurrency development, which not only decreases risk but also facilitates investment activities and the transfer of cryptocurrency. MAXusdt(TRX) has over two years of professional experience in cryptocurrency and capital investment. It offers a private and confidential fund that strives to provide investors with a high investment return, decreased risk, and an easy way to allocate their funds into cryptocurrencies. MAXusdt(TRX) provides numerous investment choices while removing the restrictions and complications associated with engaging in the crypto market, analogous to the reputation of mutual funds for offering convenient investment opportunities. MAXusdt(TRX) carries the necessary operating certifications from the relevant authorities, making it a trustworthy platform. There may be more cloud mining platforms, but not all of them are registered and have the necessary paperwork. This makes it risky to invest in them. It offers complete confidentiality and security. MAXusdt(TRX) seeks from its users just the information required for regulatory purposes. MAXusdt(TRX), unlike other platforms, does not demand a substantial amount of personal information. The daily distribution of profits eliminates the necessity for waiting. This is also very important for people who are just starting out and want to mine cryptocurrencies for money but don't yet understand how complicated it is. On the MAXusdt(TRX) platform, there are several reward schemes in place, and you can earn up to 80 TRX by simply introducing new users. There are also up to 15% deposit rebates and 18% trade rebates available. Furthermore, a VIP level system allows users to increase their daily mining revenue by up to 12%. MAXusdt(TRX) is an excellent alternative for crypto miners who want to transition to cloud mining or those who want to start mining cryptocurrencies. Register immediately and take advantage of this wonderful opportunity. Follow MAXusdt(TRX) on all of your preferred social media channels to remain updated of the most recent news, product releases, and promotions. Registration | Telegram | Facebook | Twitter | White Paper | Certificate | Official Website 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.
16h agocryptodaily
Synapse Network backs users against fraud with a profit or refund
With more than $48 billionlocked into DeFi protocols, the decentralized finance market is actively building financial use cases for blockchain technology. But with a reported 79 percentincrease in crypto-related crimes from 2020 to 2021 and a record 14 billion in losses, investors have learned to be more cautious. Especially in an industry that often considers government regulation and protections to be an intrusion, it’s up to crypto companies themselves to protect investors and users of their products. This is why Synapse Network, a platform building software forDeFi projects that offers launchpad and other services, introduced a new protection program for investors. The program helpsinvestors feel more secure knowing the quality of projects they are investing in by building concrete safeguards to prevent bad actors from taking advantage of the system and shorting investors. The platform actively penalizes projects that skirt around the rules or don’t follow regulations by requiring them to return part of their project's investment when foul play is detected. “As an experienced investor, I know how hard it can be to do your own research and analyze pillars of every project that catches your interest,” says Michal Domarecki, Co-Founder of Synapse Network. “We’re taking that responsibility off the shoulders of investors, and going the extra mile to demand specific guidelines from projects to prevent unnecessary financial loss for our investors.” For example, Synapse Network requires all projects to maintain its token price above the IDO price until 41 percent of tokens from the IDO sale have been distributed or for seven days from the listing. This is just in case the project releases more than 41 percent of its total tokens on a listing day. So when one of the project tokens fell drastically below the IDO price, Synapse Network refunded 90% of allocated investor’s funds (the other 10% was previously distributed to users). It was the only way to secure investors’ funds and it was also aligned with the Investor Protection Program, which the project approved during talks with the Synapse Network launchpad. Sometimes the refunds are also based on a good will of both sides. An example would be SpaceY, while Synapse, after talks and agreement with the project, offered a return of the capital invested in SpaceY in exchange for the waiver of the right to $SPAYtokens. In this case, both Synapse Network launchpad and SpaceY came to the conclusion that the communication on the release of tokens along with the listing on tier 1 exchange could be insufficient. Synapse Network also limits the span of time between the IDO, public round, and listing date. If the listing is significantly delayed or postponed, the funds are returned to the investors, and the IDO and public round are repeated on a date closer to the listing one. In addition to the Investor Protection Program, Synapse Network expands access to the DeFi services by providing businesses with end-to-end customizable solutions for their projects through Synapse Technology Labs, including actually building tokens for projects. The DeFi platform also creates smart contracts for token staking and other DeFi services, as well as anti-bot filters preventing interference from malicious automated scripts. Its cross-chain launchpad integrates with 16 chains and incorporates a fiat payment gateway. The company also has a VC fund, which has invested a total of $10 million for 200 of the most promising DeFi projects. 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.
16h agocryptosrus
Ripple CTO lashes back at Vitalik Buterin for his dig on XRP
Covered: Ripple CTO Responds To Vitalik Ripple CTO Responds To Vitalik David Schwartz, the chief technical officer of Ripple, didn’t take Ethereum co-founder Vitalik Buterin’s dig on XRP very kindly. In a discussion that started around the recent $30,000 limit imposed by the Ontario crypto exchange on altcoins purchases barring Ether (ETH), Litecoin (LTC) and […] The post Ripple CTO lashes back at Vitalik Buterin for his dig on XRP appeared first on CryptosRus.
16h agocoindesk
First Mover Americas: Fifth Day of Declining Bitcoin Price Has Some Traders Looking Out Below
The latest price moves in bitcoin (BTC) and crypto markets in context for August 18, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
17h agonulltx
Top 5 Web3 Tokens Below $0.5 to Add to Your Portfolio in August 2022
Web3 has lately been a popular subject in cryptocurrency as many people are clamoring toward an actual decentralized system. Among other popular crypto trends like Move to Earn, DeFi, Metaverse crypto coins, and NFTs, Web3 remains a highly sought-after trend that’s at the forefront of the financial and technological revolution. The Web3 ecosystem has grown […] The post Top 5 Web3 Tokens Below $0.5 to Add to Your Portfolio in August 2022 appeared first on NullTX.
18h agocointelegraph
Ukraine has shown the value cryptocurrency offers to real people
Ukrainian refugees have used cryptocurrency to survive. And contrary to what critics believe, sanctions have prevented Russia from finding much use for crypto.
18h agocoindesk
Tether Swaps Accounting Firms, Says It Will Publish Monthly Attestation on Stablecoin Backing
Stablecoin issuer Tether Holdings has tapped BDO Italia, the Italian branch of accounting firm Binder Dijker Otte, to provide attestation reports.
18h agocointelegraph
Tether reserve attestations to be conducted by major European accounting firm
BDO Italia, a member of the BDO Global accounting organization, will begin producing monthly attestations of Tether’s USDT backing.
20h agocryptopotato
An Estimated 128 ETH Lost in the Celer Protocol DNS Attack
The stolen funds were moved to the controversial crypto mixer, Tornado Cash.
20h agocointelegraph
Celer Network shuts down bridge over potential DNS hijacking
The platform asked users to revoke token approvals for smart contracts in several blockchains, including Ethereum and BSC.
1 day agocointelegraph
Crypto ad spending may be down, but awareness remains critical: Experts
Though crypto television ad spending is down, crypto firms continue to see ad spending as important to keep their brands relevant during a down market.
1 day agocointelegraph
CBDCs only solution to 'smooth continuation' of the monetary system: ECB
The European Central Bank working paper sought to identify issues and consensus regarding CBDCs, as well as to identify gaps in the research — such as what users want.
1 day agocointelegraph
Ontario crypto exchanges impose $30K annual limit on altcoin buys
The new buy limits are intended to better “protect crypto investors” and make them “more aware of the risks” associated with crypto assets, according to one of the exchanges.
1 day agocoindesk
Market Wrap: Bitcoin, Ether Prices Slide for Fourth Consecutive Day
BTC prices continued to trade down but within a narrow trading range. Bitcoin (BTC) fell 2% on Tuesday, its fourth consecutive daily decline.The largest cryptocurrency by market capitalization has dropped 6% since crossing $25,000 briefly on Aug. 14.Ether’s (ETH) price also tumbled for a fourth consecutive day, dropping 1.2% over the past 24 hours. The second-largest cryptocurrency by market capitalization behind bitcoin is now down 8% from the psychologically important $2,000 level it last cracked on Aug. 15. Ether has flirted with $2,000 for much of the past week after dropping below $1,000 earlier this summer.

About Ontology

The live price of Ontology (ONT) today is 0.253597 USD, and with the current circulating supply of Ontology at 875,249,524 ONT, its market capitalization stands at 221,960,651 USD. In the last 24 hours ONT price has moved -0.017853 USD or -0.06% while 14,707,317 USD worth of ONT has been traded on various exchanges. The current valuation of ONT puts it at #154 in cryptocurrency rankings based on market capitalization.

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

Ontology is a blockchain project that seeks to provide a platform with high efficiency and secure network to provide distributed trust collaboration. Ontology blockchain offers both high-speed network and efficient smart contracts to develop sustainable dapps and exchange technologies. Additionally, Ontology supports cross-dapps communication to build the so-called “ONT blockchain networks”. The main features of the Ontology blockchain platform are its customizability and a large number of various modules and protocols for developers. The Ontology coin (ONT) is one of the biggest cryptocurrencies in terms of market capitalization with more than 302 million USD of market cap at press time.
Ontology Price0.253597 USD
Market Rank#154
Market Cap221,960,651 USD
24h Volume14,458,654 USD
Circulating Supply875,249,524 ONT
Max Supply1,000,000,000 ONT
Yesterday's Market Cap236,931,980 USD
Yesterday's Open / Close0.288555 USD / 0.270702 USD
Yesterday's High / Low0.288555 USD / 0.266883 USD
Yesterday's Change
-0.06% ( 0.017853 USD )
Yesterday's Volume14,707,317 USD
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