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Cryptocurrencies/Coins/Ontology (ONT)
Ontology price, market cap on Coin360 heatmap

Ontology(ONT)

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$0.183166
(2.71%)
0.00001064 BTC
Market Cap (Rank#159)
$160,315,529
9,311 BTC
Vol 24h
$4,364,827
253.519 BTC
Circulating Supply
875,249,524
Max Supply
1,000,000,000
1h agocointelegraph
Bitcoin price targets stretch to $19K as BTC jumps 4% from daily lows
Bitcoin retains $17,200 after an overnight squeeze takes BTC price action to within reach of one-month highs.
9h agocryptopotato
NFT Sales Plummet to 16-Month Low After FTX Blowup
Aggregate NFT sales volume in November was less than $400 million.
9h agocoindesk
Crypto Markets Today: Record Grayscale Bitcoin Trust Discount Widens Industry Woes
The fallout from crypto exchange FTX’s implosion continued as data showed the GBTC discount rate to bitcoin hitting a record high. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.
12h agocointelegraph
Total crypto market cap falls to $840 billion, but derivatives data shows traders are neutral
Regulatory pressure continues to limit each upside breakout, but data shows some compelling reasons for an eventual crypto market rally.
14h agozycrypto
Binance.US Removes Trading Fees For Ethereum Months After Doing Same For Bitcoin
Binance.US has unveiled an early Christmas gift for users by removing trading fees for ETH while offering additional discounts for customers that pay trading fees with BNB.
15h agocointelegraph
Nomad releases bridge relaunch guide after patching contract vulnerability
The Nomad protocol will allow users to bridge back madAssets and access a pro-rata share of recovered funds.
16h agocryptodaily
Bitcoin Price Analysis: 16960 Pressure Tested - 9 December 2022
BTC/USD Tests 16960 Technical Resistance: Sally Ho’s Technical Analysis – 9 December 2022 Bitcoin (BTC/USD) looked to add to marginal gains early in the Asian session as the pair appreciated to the 16959.63 level after buying pressure emerged around the 16738 area, with the intraday high representing a test of the 23.6% retracement of the recent appreciating range from 15460 to 17424.59. Stops were elected below the 16877 and 16708 levels during the recent pullback, representing the 38.2% and 50% retracements of the recent appreciating range from 15992.64 to 17424.59. Additional downside retracement levels in these recent appreciating ranges include the 16539, 16442, 16330, 16299, 16210, 15923, and 15880 levels. If recent downside momentum accelerates, traders may test recent two-year lows around the 15460 level established after Stops were elected below the 15512 area, a previous relative low that represented an exact bearish price objective based on selling pressure that strengthened around the 21478.80 and 18495.50 areas. Associated downside price objectives below current price activity include the 13369, 8837, and 7538 levels. Technicians continue to eye the 14500.15 and 10432.73 areas as major downside targets, and additional downside price objectives include the 14613, 10727, and 9682 levels, areas that are related to selling pressure that intensified around the 20894.96 and 18495.50 areas. If BTC/USD is able to resume its upward trajectory, upside areas of potential technical resistance and selling pressure include the 17791, 18495, 19199, 20070, and 20201 levels. Traders areobservingthat the50-bar MA (4-hourly)isbearishly indicating below the 200-bar MA (4-hourly)andabove the100-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 the50-bar MA(4-hourly) at 16991.83 and the50-bar MA(Hourly) at 16887.11. Technical Supportis expected around14500.15/ 13369.11/ 10727.75 withStopsexpected below. Technical Resistanceis expected around18495.40/ 19199.48/ 20070.64 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bearishly below MACDAverage. On60-minutechart,SlowKis Bullishly above 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.
16h agocoindesk
South Korean Court Denies Injunction Against Crypto Exchanges for Delisting Metaverse Token Wemix: Report
The Wemix token is trading 90% lower than this time last month after it was delisted by several exchanges.
17h 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.
17h 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.
17h 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.
17h agocryptopotato
Bulls & Apes Project Announces New Initiative to Tokenize 1000’s of Communities
[PR – Southington, United States, 7th December, 2022, Chainwire] Bulls & Apes Project LLC (B.A.P.) introduces Community Tokenization, an industry-changing initiative. B.A.P., a web3 company with a vision to create a world of infinite opportunities, launched its inaugural collection on May 31, featuring an industry-first 6-Month ETH-Back Guarantee, and has defied bear market conditions by […]
18h 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]
18h agocointelegraph
Wemix delisting saga continues at South Korean court
Microsoft-backed video game developer Wemade plans to further continue the legal battle against South Korea's largest crypto exchanges.
18h agocoindesk
First Mover Americas: Mr. Bankman-Fried Must Go to Washington
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 8, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
18h agocryptodaily
Casinos Blockchain Provides Important Statistics About Crypto Gambling & Analyses Its Future
CasinosBlockchain.io has prepared a helpful assortment of the most recent Bitcoin casino statistics through which readers can learn how many crypto casinos are available, how much Bitcoin gamblers have already wagered, and plenty more relevant information regarding this popular industry. Moreover, Casinos Blockchain analyzes the future of crypto gambling and answers a few FAQs to make sure readers know everything there is to know about Bitcoin casinos before getting involved, including both the risks and benefits. What are some of the top Bitcoin casino statistics? Gambling has been a popular way to pass the time for many centuries, and it is no different today. However, thanks to the advent and subsequent implementation of innovative technologies like cryptocurrencies, &lsquo;Bitcoin gambling&rsquo; has become exceedingly popular to the point that since 2014, players have actually wagered over $4.5 billion in Bitcoin to date. The global casino industry itself is worth more than $231 billion as of the time of this writing. Moreover, approximately 60% of all Bitcoin transactions are related to gambling in some way, shape or form. What is even more mindblowing is that crypto gamblers place 337 bets every single second, and that these gamblers bet $3 million worth of crypto on a daily basis. The most popular cryptocurrencies for gambling purposes were observed to be Bitcoin and Ethereum, although these are not the only choices that gamblers have as using other altcoins like Litecoin may yield better results. Why does this matter? Despite the fact that land-based casinos and casino resorts suffered significant setbacks as a result of the pandemic and other factors such as inflation, the gambling sector as a whole nevertheless continued to thrive as a substantial portion of players made the shift to online gambling. Furthermore, the casino market is predicted to grow in the coming years. To that end, the revenue of brick-and-mortar casinos in the United States is expected to increase year on year from 2021 to 2024 and experts view this is a key indicator of the projected growth for the casino market. It should be mentioned that although online casinos are becoming more popular on a global scale, it will surely take some time before they become as popular in the United States, given that many states in the country have yet to legalize online casinos and a sizable portion tend to operate without a license. Nevertheless, Straits Research predicts that the global online gambling market will reach $153 billion by the end of 2030, growing at a CAGR of 11.7% during the analysis period. Outside of the United States, Europe has the biggest market share, and it is expected to grow at a 12% CAGR between 2021 and 2030. In addition, the Asia-Pacific region is expected to grow faster than Europe, with a CAGR of 12.8%, and to reach $50 billion by 2030. Where does crypto fit into all this? Crypto gambling is leading the way in the online gambling industry. Of course, Bitcoin can be used for other purposes like buying NFTs, cars, real estate, and even insurance. Still, the majority of Bitcoin transactions take place in crypto casinos. The most recent Bitcoin gambling statistics therefore indicate that interest in crypto gambling is growing as players continue to prefer cryptocurrencies such as Bitcoin, Ethereum, and Litecoin over traditional fiat currencies. Although exact figures are difficult to obtain, the global crypto gambling market is estimated to be worth a quarter of a billion dollars by Crypto Wisser. Moreover, as the amount of hybrid casinos grows, the global crypto gambling market is similarly expected to grow in value over time and as an increasing number of people and businesses adopt crypto which many big names like Microsoft, PayPal, Home Depot, and Starbucks already have. Crypto gamblers placed just about three billion crypto-based bets in the first quarter of 2021, according to the most recent Bitcoin casino statistics for 2022. During the same time period, the quantity of these bets increased by 116% to reach over six billion. In fact, within the first quarter of 2022, cryptocurrencies accounted for approximately 36% % of all bets in general. Most crypto gamblers also prefer to play on their smartphones due to the portability aspect. Is crypto gambling safe and where does it go from here? Provably fair games are available at approximately 77.6% of crypto casinos. These games enhance the transparency of crypto casinos which is in stark contrast to traditional casino games, as a provably fair game enables users to verify the outcome of each hand or round played. As a result, provably fair games are frequently preferred among crypto gamblers who value safety and transparency. Also, casino operators can use blockchain technology to access features that are not available in traditional casinos. For instance, crypto casinos could operate at lower costs, with improved security, and with faster withdrawal speeds, just to name a few advantages. The best part about crypto gambling, however, is that blockchain technology has a lot of untapped potential. With all the interest surrounding other emerging technologies nowadays such as NFTs, the metaverse, VR and AR, the sky could well and truly be the limit for this immensely popular industry. For more information and regular updates, visit CasinoBlockchain&rsquo;s official website, blog and helpful guides. 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.
19h agocryptodaily
Signature Bank Moving Away From Crypto? Crypto Daily TV 8/12/2022
In Todays Headline TV CryptoDaily News: Signature Bank to reduce crypto-tied deposits by as much as $10 billion. Signature Bank will shrink its deposits tied to cryptocurrencies by $8 billion to $10 billion, signaling a move away from the digital asset industry for the bank that until recently had been one of the most crypto-friendly companies on Wall Street. Early bitcoin pioneer Ian Freeman goes to trial in New Hampshire. Federal prosecutors say early bitcoin pioneer and Libertarian activist Ian Freeman and a group of his associates helped scammers and other criminals launder more than $10 million using bitcoin through a network of bitcoin vending machines and in-person and virtual cash-for-bitcoin trades from 2016 until their arrests in 2021. Marathon to recover less than half of the deposit from Compute North. Marathon Digital, one of the largest publicly traded bitcoin miners, expects to recover only $22 million of the $50 million it deposited with bankrupt bitcoin miner and data center provider Compute North. BTC/USD dove 1.4% in the last session. The Bitcoin-Dollar pair plummeted 1.4% in the last session. The Stochastic indicator gives a negative signal, which matches our overall technical analysis. Support is at 16848.6667, and resistance is at 17232.6667. The Stochastic indicator is giving a negative signal. ETH/USD plummeted 3.3% in the last session. The Ethereum-Dollar pair dove 3.3% in the last session. The RSI is giving a negative signal. Support is at 1232.7567, and resistance is at 1293.2367. The RSI is currently in the negative zone. XRP/USD plummeted 2.2% in the last session. The Ripple-Dollar pair plummeted 2.2% in the last session. The Stochastic indicator is giving a negative signal. Support is at 0.3766, and resistance is at 0.3997. The Stochastic indicator is giving a negative signal. LTC/USD plummeted 3.9% in the last session. The Litecoin-Dollar pair dove 3.9% in the last session. The ROC gives a negative signal. Support is at 75.9133, and resistance is at 83.6733. The ROC gives a negative signal. Daily Economic Calendar: US Continuing Jobless Claims The Counting Jobless Claims measures the number of individuals who are unemployed and are currently receiving unemployment benefits. The US Continuing Jobless Claims will be released at 13:30 GMT, Japan's Eco Watchers Survey: Outlook at 05:00 GMT, and the UK's RICS Housing Price Balance at 00:01 GMT. JP Eco Watchers Survey: Outlook The Eco Watchers Survey closely monitors regional economic trends. The survey is considered basic material for assessing short-term economic trends. UK RICS Housing Price Balance The RICS Housing Price Balance survey presents housing costs. It shows the strength of the housing market. NL Consumer Price Index The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services. The Dutch Consumer Price Index will be released at 05:30 GMT, Australia's Exports at 00:30 GMT, and Australia's Trade Balance at 00:30 GMT. AU Exports The Exports measure the local economy's total exports of goods and services. Steady demand for exports helps to support growth in the trade surplus. AU Trade Balance The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit. 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.
20h agocryptodaily
Gensler fails to protect public from FTX collapse
Congressman Ritchie Torres has written a letter to the Government Accountability Office calling for an investigation into the SEC handling of FTX. With the very public collapse and ensuing loss of investor funds, the FTX debacle is one of the biggest losses in crypto thus far. Could the Securities and Exchange Commission and its chairman Gary Gensler have done more to prevent such an occurrence? Democratic representative Ritchie Torres certainly thinks so, and he has written a letter to the Government Accountability Office asking it to look into the conduct of Gensler&rsquo;s agency in relation to FTX, stating that the crash could have been avoided had the SEC intervened in a timely manner. NEW this morning &mdash; Rep. @RitchieTorres (D-NY) calls on the Government Accountability Office (@USGAO) to investigate the SEC&rsquo;s &ldquo;failure to protect the investing public from the egregious mismanagement and malfeasance of @FTX_Official&rdquo; pic.twitter.com/BdT7ZVCM7X &mdash; Alexander Grieve (@AlexanderGrieve) December 7, 2022 In the letter, Congressman Torres highlights what he says was the failure of the SEC to protect the investing public from billions of dollars in losses from the &ldquo;egregious mismanagement and malfeasance of FTX.&rdquo; He wrote: &ldquo;Chair Gary Gensler, by the logic of his own public pronouncements, is singularly responsible for the regulatory failures surrounding the collapse of FTX, and its affiliate FTX US. Chair Gensler has said on countless occasions that there is no need for authorizing legislation from Congress: the SEC presently possesses the authority it needs to regulate cryptocurrency exchanges.&rdquo; He added: &ldquo;If the SEC has the authority Mr Gensler claims, why did he fail to uncover the largest crypto Ponzi scheme in US history?&rdquo; Congressman Torres went on to accuse the SEC of dedicating &ldquo;scarce time and resources&rdquo; in investigating Kim Kardashian rather than crypto exchanges. In this regard he charged the agency with seeking publicity at the expense of protecting the investing public. The Congressman ended the letter by referring to the &ldquo;fundamentally demoralized&rdquo; career staff at the SEC who, according to the SEC Inspector General, had suffered the &ldquo;highest attrition rate in a decade.&rdquo; Torres asked to what extent Gensler&rsquo;s demoralization of his workforce had contributed to the agency&rsquo;s duty to protect investors. 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.
21h agocryptodaily
ECB attempts to tarnish crypto before CBDC rollout
As the European Central Bank prepares to issue its digital currency, executive member Fabio Panetta gives a speech based on trying to dissuade the public from investing in cryptocurrencies. A keynote speech by Fabio Panetta, member of the Executive Board of the European Central Bank, concentrated solely on describing what in his view are the fundamental flaws to be found in cryptocurrencies. Panetta lays out what he perceives as the risks in three fundamental flaws. Unbacked crypto-assets offer no benefits to society The first perceived flaw is that crypto assets do not perform any useful function for society. Panetta states that they aren&rsquo;t used for payments, they don&rsquo;t fund consumption, they don&rsquo;t help fuel production, and they don&rsquo;t help to combat climate change. He complains that cryptocurrencies aren&rsquo;t backed, they are volatile, and they are unstable. He says that they are &ldquo;notional instruments&rdquo; and have no value for investors that buy them. Panetta states that there is no compensation for investors and highlights the significant losses from various collapses. He says that there are no insurance schemes and there is little protection from cyber risks. Stablecoins are exposed to runs Panetta posits that stablecoins are stable in name only. He says that they are supposed to provide stability by having their value tied to a portfolio of assets. There then follows a section on algorithmic stablecoins, and of course the TerraUSD algorithmic stablecoin is highlighted. Crypto markets are highly leveraged and interconnected Panetta makes the point that crypto markets can have extremely high leverage, creating &ldquo;strong procyclical effects&rdquo; where shocks aren&rsquo;t easily absorbed. He points the finger at DeFi, where he says the procyclical effects are amplified by the overcollateralization common in DeFi. He says that the flaws are magnified by inadequate governance, and insufficient transparency and disclosure. Regulation and CBDCs Panetta then goes on to basically say that crypto will only endure as long as investors are looking for a place to gamble. In order to minimise this he recommends that they are regulated and that they do not receive &ldquo;preferential treatment&rdquo;. He says that &ldquo;regulators must walk a tightrope&rdquo; and avoid allowing unsound cryptos from &ldquo;socialising the risks through bailouts&rdquo;. He welcomes the EU incoming MiCA regulations and states that it is crucial they enter into force rapidly. The rest of the review lays out the case for central bank digital currencies (CBDCs), which in his view will be the only &ldquo;anchor of stability&rdquo;. He concludes with a call for urgent global regulation in order to protect consumers, and to reduce the contagion risk of stablecoins, and signs off with the following paragraph: &ldquo;regulation will not turn risky instruments into safe money. Instead, a stable digital finance ecosystem requires well-supervised intermediaries and a risk-free and dependable digital settlement asset, which only digital central bank money can provide.&rdquo; 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.
22h agocoindesk
Centralized Crypto Exchange Bybit Integrates Decentralized Exchange ApeX Pro Onto Platform
The move had been “well under way” prior to the collapse of FTX and heightened scrutiny of centralized exchanges.
22h agocryptopotato
Bitcoin Stagnates Below $17K as Extreme Fear Returns to Crypto (Market Watch)
The cryptocurrency market returned to a state of extreme fear as Bitcoin continues to stagnate below $17K.
22h agocryptodaily
Ankr Deploys $15M to Buy Back Bad Debt Following Exploit
Blockchain infrastructure platform Ankr has announced that it would be allocating $15 million to cover the bad debt as a result of its recent exploit. Ankr To Buy Back Bad Debt Blockchain infrastructure platform Ankr has announced that it is planning on allocating $15 million to buy back the bad debt which resulted from its recent exploit and the subsequent over-circulation of HAY tokens. The HAY stablecoin, a stablecoin pegged to the US Dollar issued by the stablecoin protocol Helio, lost its peg due to the hack. Helio added that it had bought back around $3 million of bad debt in HAY from the open markets. The Ankr Exploit A series of seemingly unrelated incidents resulted in the bad debt and the subsequent de-pegging of the HAY stablecoin. On the 2nd of December, a hacker could manipulate certain vulnerabilities in the Ankr protocol&rsquo;s smart code, compromising several private keys after a technical upgrade carried out by the Ankr team. As a result of the exploit, the hacker was able to mint 20 trillion Ankr Reward Bearing Staked BNB (aBNBc), pegged to the BNB token. The hacker then dumped these tokens, leading to aBNBc&rsquo;s price crumbling from around $300 to less than $2. In an analysis of the exploit, Ankr added, &ldquo;Our analysis shows the $aBNBc token contract has an unlimited mint bug. Specifically, while mint() is protected with onlyMinter modifier, there is another function (w/ 0x3b3a5522 func. signature) that completely bypasses the caller verification to have arbitrary mint !!!&rdquo; Trader Takes Advantage After the exploit, a trader could take advantage of an alleged hard-coding of pegged prices between aBNBc and BNB on the Helio protocol. As a result, the trader was able to purchase 183,885 aBNBc using just 10 BNB. The trader then used the purchased aBNBc tokens as collateral, borrowing 16 million HAY stablecoins and then immediately swapping them for 15.5 million Binance USD (BUSD). This allowed them to earn a staggering 5209x profit on their original capital. HAY Stablecoin Loses Peg As a result, the HAY stablecoin lost its peg to the dollar, crashing to a low of $0.20. However, the stablecoin recovered most of its losses and is currently trading at $0.95, according to data from CoinMarketCap. After the incident, the Helio team issued a statement that they would be repurchasing the excess HAY tokens in circulation and sending them to a burn address. In a Twitter update, Helio stated, &ldquo;Dear Helio #Guardians, the team understands that the past few days have been extremely difficult. As the situation is changing and dynamic, we would like to provide an update on our plan to recover the peg. Firstly, the team has already started our peg recovery process for $HAY, and this process is expected to be completed by Tuesday, the 6th of December, UTC +4. We expect HAY to be re-pegged, or at the very least, be close to the $1 mark.&rdquo; Helio Begins Buyback In another update on Twitter issued on the 7th of December, Helio stated that it had already bought back $3 million worth of HAY stablecoins. &ldquo;We have already kickstarted our HAY recovery process through our first batch of buybacks. ~3M of HAY has already been bought back so far, and the buyback is still in progress. We will share the relevant addresses once our first batch of buybacks has been completed.&rdquo; 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
Metacade Presale for Web3’s First-Ever P2E Crypto Arcade Raises Over $670k in Under 2 Weeks
London, United Kingdom, 8th December, 2022, ChainwireMetacade, the first-ever community-developed play-to-earn (P2E) blockchain arcade, has announced the launch of its highly anticipated $MCADE token presale. The sale of Metacade&rsquo;s native utility token sold over an incredible $670k in under 2 weeks, with their Beta Sale stage now over 60% SOLD OUT. $MCADE is available to buy on the official Metacade website. Positioning itself as a Web3 community hub, this gaming-first platform is set to attract gamers, investors, and entrepreneurs alike by offering a multitude of ways to earn, play, and connect. It looks to be a central hangout for all of those interested in GameFi and metaverse. To ensure investor confidence, $MCADE has been audited by leading blockchain auditing firm CertiK, a security-focused platform that analyzes and monitors blockchain protocols and DeFi projects. Verification and approval from CertiK mean that the code behind Metacade is highly secure and has been scrutinized for any weak spots. Metacade harnesses the power of Web3 to take blockchain gaming to the next level. The project goes beyond play-to-earn and offers a place to discover what games are trending, view leaderboards, publish game reviews, and access the hottest and most advanced GameFi alpha. Head of Product for Metacade, Russell Bennet said: &ldquo;The crypto gaming space is crying out for a single destination where we can all go and learn, earn and play games with fellow enthusiasts without having to jump from platform to platform&rdquo;. Metacade isn&rsquo;t out to just improve the existing P2E and metaverse worlds but also to foster the future of this space. The project's hallmark feature is Metagrants, a source of funding awarded to game developers to bring new games to the Metacade. The Metacade community will vote on which projects get funded to turn the collective vision into a reality on the platform. The first game developed using the first Metagrant will be launched in 2024. By the end of 2024, the project intends to transform into a DAO, handing over key roles and responsibilities to the Metacade community and achieving a fully community-staffed business. It looks to achieve this by deploying Play2Earn, Create2Earn, and Work2Earn functionalities with each of these initiatives giving a little more control of the project over to the community in the coming years. Reflecting on the core ethos of Metacade, Russell said: &ldquo;We want to create a community that has zero barriers to entry whether you want to work in the space, launch a business or just hang, out, play, and have fun.&rdquo; $MCADE has a fixed supply of 2 Billion $MCADE tokens. Seventy percent of these (1.4 billion $MCADE tokens) are being made available during the token&rsquo;s presale event. The remaining thirty percent will be used on exchange listings, during development, providing liquidity, and funding the competition pool. $MCADE is the utility and governance token powering the project. It plays a crucial role in the platform's functionality as holders can use it to vote on the project&rsquo;s future direction and new game proposals. It will be the main tool for interacting with the Metacade ecosystem: holders can use it to enter tournaments and exclusive prize draws, purchase merchandise, and many other things as the platform develops. Token holders will have plenty of opportunities to earn rewards through the project. $MCADE holders can earn from activities such as contributing content, reviewing and testing games, and generally engaging within the ecosystem. $MCADE holders may also stake their tokens in liquidity pools to earn rewards and APYs based on the amount staked. Staked rewards are paid in a stablecoin amount rather than in $MCADE to protect the value of the funds from inflation and price swings. To further promote a deflationary attribute to the token, Metacade plans on introducing a burn mechanism or a buyback scheme. Token burning will help the ecosystem permanently erase a given percentage of supply, thereby lowering the overall supply and boosting the value of $MCADE in the long run. Right after the $MCADE presale is complete, Metacade will roll out the website and build a founding team. In Q1 2023, the goal is to list the $MCADE token on Uniswap and the top five centralized exchanges, along with popular crypto aggregators. With an ambitious road map, Metacade is on track to revolutionize how a traditional community hub is owned and operated. The Metacade Beta sale has now sold over $670,000 worth of tokens in under two weeks and at the time of publishing has under 40% remaining. To buy $MCADE, visit Metacade.co and join the presale now. About GameFi GameFi, one of the most talked about and promising sectors of Web3, creates a virtual gaming ecosystem that relies on the use of cryptocurrency, non-fungible tokens (NFTs), and blockchain technology. At the core of the GameFi ecosystem is the play-to-earn (P2E) gaming model. Unlike the traditional pay-to-play model, P2E allows gamers to earn financial rewards by participating in challenges and tasks. About Metacade Metacade is the premier destination for gaming in the metaverse. As Web3's first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3, and connect with the wider gaming community. Metacade will be the one-stop destination for users to play, earn, and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged DAO. After all, Metacade wants you to have a hand in shaping the GameFi world of tomorrow. Links Website: https://metacade.co Whitepaper: https://metacade.co/whitepaper.pdf Socials: https://linktr.ee/metacade_ CertiK Audit: https://www.certik.com/projects/metacade ContactHead of ProductRussell [email protected]
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About Ontology

The live price of Ontology (ONT) today is 0.183166 USD, and with the current circulating supply of Ontology at 875,249,524 ONT, its market capitalization stands at 160,315,529 USD. In the last 24 hours ONT price has moved 0.004433 USD or 0.02% while 4,463,190 USD worth of ONT has been traded on various exchanges. The current valuation of ONT puts it at #159 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 Price0.183166 USD
Market Rank#159
Market Cap160,315,529 USD
24h Volume4,364,827 USD
Circulating Supply875,249,524 ONT
Max Supply1,000,000,000 ONT
Yesterday's Market Cap159,503,920 USD
Yesterday's Open / Close0.177805 USD / 0.182238 USD
Yesterday's High / Low0.18233 USD / 0.175768 USD
Yesterday's Change
0.02% ( 0.004433 USD )
Yesterday's Volume4,463,190 USD
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