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1h agocryptodaily
Binance’s $2B BTC Outflow Triggers Alarm Bells
The $2 billion of Bitcoin funds moved by Binance was a part of a proof-of-reserve audit conducted by the crypto exchange. FUD Spikes With BTC Outflow A significant outflow of crypto funds from the Binance exchange was reported on Twitter on Monday. The account called Whale Alerts reported that 127,351 BTCs were pulled out of the exchange in a single transaction and deposited in an anonymous wallet address. The value of the funds moved amounts to just over $2 billion. Understandably, this triggered community-wide fear and panic as everybody jumped to the conclusion that Binance was either hacked or was on the verge of shutting down. As a result, the market catapulted, with a sharp drop of 5% of the BNB token. CZ Explains Funds Transfer However, Binance CEO Changpeng Zhao (CZ) tweeted out a clarification that the funds moved were part of Binance’s proof-of-reserve audit. He claimed that the auditor needed to receive a certain amount of BTC to demonstrate how the Binance wallets were controlled. CZ tweeted, “This is part of the Proof-of-Reserve Audit. The auditor require us to send a specific amount to ourselves to show we control the wallet. And the rest goes to a Change Address, which is a new address. In this case, the Input tx is big, and so is the Change. Ignore FUD!” FUD refers to Fear, Uncertainty, and Doubt, a phenomenon that has increased, especially in the 2022 crypto market, due to the many hits taken by the industry. CZ’s comments cleared up the confusion faced by the community and put a pause on the steeply dropping value of the Binance Coin. CZ Under Fire? However, CZ’s explanation of a PoR audit shines a spotlight on another rather contrasting comment he made on the subject just a few weeks ago.On November 13, he tweeted, “If an exchange have to move large amounts of crypto before or after they demonstrate their wallet addresses, it is a clear sign of problems. Stay away.” He has claimed that the audit required funds to be transferred to demonstrate that it did not affect the operability of the exchange and has appealed to the masses to not buy into the FUD. However, his previous tweet contradicts his statement. Naturally, even VC-level investors are not convinced by the explanation and are seeking further details. One such example is VC investor and billion-dollar equities fund manager, Mira Christanto, who claimed that the methodology used by most auditors does not include making any kind of transaction on the network. CZ has also been criticized by former Kraken CEO Jesse Powell, who said that the exchange had failed to implement proper external audits and include liabilities in its Proof-of-Reserve reports. 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 agocryptodaily
Bitfront crypto exchange announces that it will close down
California-based cryptocurrency exchange Bitfront has announced that it will close for business, and will focus on the LINE blockchain ecosystem. As the crypto sector edges ever further into one of its toughest ever bear markets, Bitfront has become the latest casualty on a growing list of exchanges either undergoing bankruptcy, pausing due to liquidity issues, or just closing down due to the harsh challenges they are facing. Bitfront announces its closure In an announcement on its website, the Bitfront team states that the decision to close the exchange has nothing to do with “issues” that are related to the “misconduct” of certain other exchanges. “despite our efforts to overcome the challenges in this rapidly-evolving industry, we have regretfully determined that we need to shut down BITFRONT in order to continue growing the LINE blockchain ecosystem and LINK token economy. * Please note that this decision was made for the best interest of the LINE blockchain ecosystem and is unrelated to recent issues related to certain exchanges that have been accused of misconduct. Bitcoin stated on its website that its services were closed “as of the upload of this notice”. Dates were promulgated throughout December for suspending trades, deposits, and other services, while withdrawals would be able to be made until March 31st when these should have been completed. Cryptocurrency exchanges in disarray The news about the closure of Bitfront comes just a day after BlockFi announced that it would be filing for bankruptcy. The crypto lender had run into difficulties following a $400 million loan received from FTX, which has also entered Chapter 11 bankruptcy. 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
Mysterious death of crypto billionaire Tiantian Kullander
Billionaire crypto entrepreneur Tiantian Kullander died in his sleep Sunday at the age of 30. The company he co-founded was reportedly raising around US$100 million. A widely respected thought leader The news was announced by Amber Group, the Hong Kong-based digital assets company that Tiantian Kullander co-founded. On accessing the Amber Group website a pop-up bears the inscription &ldquo;In loving memory of Tiantian Kullander&rdquo;. The young entrepreneur was in the prime of his life and was named in the Forbes 30 under 30 list in 2019. He was a father-of-one and was said to be a real family man. The statement on the Amber Group website said of him: &ldquo;TT was a respected thought leader and widely recognized as a pioneer for the industry. His depth of knowledge, his willingness to collaborate and his desire to always help others benefited countless start-ups and individuals. His insights and creativity inspired many projects, people and communities.&rdquo; FTX exposure Kullander reportedly had a net worth of around $3 billion according to the South China Morning Post, and Amber Group, which he helped found in 2017, is valued at $2.9 billion. Amber Group was reported by the New York Post to be about to land a big investment, and was also said to be in the process of raising around $100 million. The company does have exposure to FTX and it reported earlier this month that it was an &ldquo;active trading participant&rdquo; on that platform. According to an article in the UK-based Daily Mail, the company reported that it had &ldquo;significantly reduced&rdquo; its exposure. It added: &ldquo;with strict exposure limits on individual trading venues, this represents <10% of our total trading capital. It does not pose a threat to our business operations or liquidity.&rdquo; Second crypto death Kullander&rsquo;s death comes on the heels of the high-profile death of crypto millionaire Nikolai Mushegian who died, aged 29, at the end of October, victim of drowning on a beach in Puerto Rico. His death came only hours after he tweeted that Mossad and the CIA were trying to murder him. Mushegian was one of the early developers of the Maker DAO crypto protocol. 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.
8h agocointelegraph
LBRY alleges Apple forced it to censor certain terms during COVID-19
After Elon Musk lamented the winding back of Apple's Twitter advertising, crypto company LBRY replied about its own troubles with Apple and censorship.
9h agocointelegraph
Nifty News: China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more
Two collections have appeared on NFT marketplace OpenSea depicting images and art related to the rare widespread protests in China over its lockdown policies.
11h agocryptopotato
Binance Moves Over $2Bn in BTC As Part of a Proof-of-Reserves Audit
Some crypto enthusiasts feared the worst after Binance moved 127,351 BTC to an unknown wallet. It was all part of an audit.
12h agocoindesk
First Mover Asia: Ethereum Isn’t WETH or stETH. But Jokes Still Move Markets
Sam Reynolds writes that irreverent posts about lesser-known altcoins – and more significant tokens – can be destructive. Especially if people don’t get the irony. ALSO: Bitcoin drops as BlockFi files for bankruptcy protection.
14h agocoindesk
Crypto Bank Silvergate Says Its BlockFi Digital Asset Deposit Exposure Totals Less Than $20M
The bank's shares closed down 11% to $25.90 on Monday, after BlockFi bankruptcy filing.
18h agocryptodaily
KNG token IEO, historic campaign by Kanga Exchange
Kanga Exchange is a multifunctional cryptocurrency platform. The core product of the exchange is the spot market, where you can find some of the most popular cryptocurrencies, features and a launchpad. Now, Kanga is going a step further by organizing a spectacular IEO. Exchange plans to raise at least $1 million and conduct a historic buy back of KNG exchange tokens. Kanga Exchange - future of the European market (H2) Polish cryptocurrency exchange stands out on the European market by offering innovative solutions for the blockchain industry. It is a quickly expanding system of FinTech products and services with the objective of enabling the adoption of cryptocurrencies in day-to-day life. Kanga Exchange founders have a long list of accomplishments in the FinTech sector. Cryptocurrency exchange and KNG token are their newest inventions. KNG creators have scheduled a number of significant events for their token in the near future. Maximum quantity of the KNG token is 21 million units, which coincides with the supply limit of Bitcoin. KNG, like many of the well-known exchange tokens including BNB, CRO and KCS, is also a utility token, bringing many functionalities to the community. Most valuable features (H2) Without a doubt, exchange points are Kanga's most significant product. Kanga is the market leader with over 350 locations throughout Europe and beyond. Founders like to emphasize that Poland, Czech Republic, and the United Arab Emirates are just the beginning of their expansion. Kanga has also prepared Kanga Local as an additional cryptocurrency exchange option. With Kanga's peer-to-peer system, which features over 300 real people - Locals, anyone wishing to purchase cryptocurrencies may do so with ease. There are various nations where Kanga Locals can be found, including Poland, Germany, Bulgaria, Norway, Sweden, and more. Visiting this page is the simplest way to contact the nearest Locals. On Kanga Exchange you will find many functionalities. The most important of all is the Launchpad, where users can find the latest public sales, private sales and Initial NFT Offerings (INO). It is worth mentioning that KNG has a unique staking system, as it has a special autotransfer, so that the daily rewards for staking are increased by a bonus that grows every day. The second of the functionalities is staking where the community will find the opportunity to earn passive income on tokens and stablecoins. In addition to the aforementioned, Kanga also includes features such as Dust Sweep and SWAP, which make users' lives much easier. KNG token IEO (H2) Founders of Kanga have planned a lot for the end of November. These events will be monumental for the European cryptocurrency exchange sector. Special KNG token IEO will take place on November 29. Community of the project will be given a unique opportunity to purchase tokens. Developers also created the mechanism to prevent price of the token from being dumped. Important aspect of this IEO is that the funds collected will not be used by the exchange for its own goals or technological development. The amount raised will fully benefit the community that rallies around the exchange and the KNG token. What will happen to the minimum of $1 million raised? The result of this IEO will be a historic for the European cryptocurrency scene BUY BACK. KNG tokens Buy Back (H2) Kanga is the first in Europe to plan a historic buy back of its tokens worth at least $1 million. The entire buy back will be conducted openly and everyone will have the opportunity to watch it live. On the exchange's website you will find a counter of bought back tokens and ten recent transactions. Creators are very committed to carrying out the action in full transparency. Start: 01.12.2022 Duration: 100 days Staking Rewards (H2) As a thank you to the exchange's supporters, the developers of Kanga Exchange plan to distribute half of the tokens collected during the buy back as staking rewards. Holders of KNG tokens will classically receive KNG staking rewards (which are generated from all revenues of the exchange) but for a period of at least a hundred days, rewards will be higher by the daily amount of tokens bought back from the market. It is worth noting that tokens will be bought back daily and half of the purchased tokens will immediately go into the pool for staking rewards. KNG token burn (H2) Exchange wanted its token to be deflationary for a long time. They decided that the ideal option would be to burn half of the bought back tokens. In this way, the project will reduce the number of tokens in circulation, which will directly affect the value of the tokens. The amount of tokens that will be allocated for burning will depend on the market price of the KNG token at the time of the buy back. Creators plan to allocate a minimum of half a million dollars for this purpose. As in the case of staking rewards, half of the tokens collected each day will immediately be burned. KNG Priority Pass (H2) Developers have prepared one more bonus for those staking KNG. Holders have the opportunity to take part in auctions before the IEO to guarantee the purchase of tokens at favorable conditions. With this arrangement, KNG holders who are staking their tokens are rewarded for their loyalty to the project. Auctions started on 26th of November with 6 available packages and will end an hour before actual IEO. IEO details (H2) IEO date: 29.11.2022 at 12:00 p.m. UTC Max investment: 2000 KNG KNG price: 50% of the market price from 26.11. Cliff: Tokens will begin to be released after 365 days. Vesting: Tokens will be released for 100 days, transferred directly to staking accounts of the buyers. Token type: ERC20 Mainnet: Ethereum 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
20h agocryptosrus
BlockFi Files for Bankruptcy Following FTX Crash
Another former cryptocurrency giant has filed for Chapter 11 bankruptcy protection in the United States. Thus, BlockFi has followed the example of companies like Celsius and Three Arrows Capital. The cryptocurrency lender’s troubles began as the bear market intensified earlier this year, especially after the Terra collapse. There seemed to be a lifeboat thrown by […] The post BlockFi Files for Bankruptcy Following FTX Crash appeared first on CryptosRus.
21h agocryptodaily
Is crypto about to take the next stair down?
After a fairly long period of sideways movement is Bitcoin readying itself for the next leg down to $14k or perhaps even $10k? Bitcoin Beginning in March of this year, Bitcoin saw its biggest price drop, down around 63%, from $48k to just under $18k, in a period of less than 3 months. This was a fairly cataclysmic drop to follow on from the fall of 52% from Bitcoin&rsquo;s all-time-high back in November of 2021. It could be said that in this bear market so far, there have just been these two longer periods of sideways price action up to now. The longest period is the most recent. From mid-June until early November Bitcoin traded in the $18k to $24k range, a period of nearly five months, and currently, the king of the cryptocurrencies has taken another small drop to around $16k. It would seem that gravity might well take it down to possibly the strongest support at $13,700, and then even down to around the $10k area last seen around two years ago. Much below this could be Armageddon for Bitcoin. Ethereum Ethereum, the number two ranked cryptocurrency by market cap, is also currently on shaky ground. $ETH has dipped back down between the $1,200 to $1,000 range. Going below $1,000 could leave it open to retesting the local low set back in June of this year of $900. Solana If the big two cryptos are having their bad times, then it could be said that Solana is suffering badly, and then some. With the fall out from the FTX/SBF debacle Solana has had a dreadful month. The price dropped like a stone from the beginning of the month, and went down as far as $11 at one point. The price is currently sat on the support at $13, but a potential drop from here could take it all the way down to $4. Binance Coin $BNB, the exchange token for Binance, could also be facing quite some peril should the bear market continue to extend well into next year. The price is currently sat on an upwards trend line that goes all the way back to its beginnings in November of 2017. Should it go below the trend line and take out the support at $210, it could go off a cliff and potentially free fall all the way down to $32. 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 agocryptopotato
LINE’s Crypto Exchange Bitfront to Shut Down Amid Bear Market
Bitfront will halt trading services by December 30, 2022, while clients have until March 31, 2023, to withdraw their funds.
22h agocryptodaily
Bitcoin Price Analysis: Bears Eye 15746 - 29 November 2022
BTC/USD Risk Aversion Heightened: Sally Ho&rsquo;s Technical Analysis &ndash; 29 November 2022 Bitcoin (BTC/USD) was unable to sustain recent upside progress early in the Asian session as the pair was again pressured at the 100-bar, 4-hour simple moving average and absorbed technical support around the 50-bar, 4-hour simple moving average during its collapse. Stops were elected below the 16286.44 and 16128.64 areas during the pullback, representing the 38.2% and 50% retracements of the recent appreciating range from 15460 to 16797.28. Additional downside retracement levels include the 15970.84, 15775.60, and 15746.18 areas. Renewed selling pressure risks a test of recent two-year lows around the 15460 level 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. The recent depreciation intensified after Stops were elected below the 16990, 16966, and 16503 levels, areas associated with historical appreciating ranges that commenced around the 3858 and 9819 levels. Technicians continue to eye the 14500.15 and 10432.73 areas as major downside targets. 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. Following the recent move lower to two-year lows, areas of potential technical resistance include the 17791, 18495, 19199, 20070, and 20201 levels. Traders areobservingthat the50-bar MA (4-hourly)isbearishly indicating below the 100-bar MA (4-hourly)andbelow the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 16397.57 and the200-bar MA(Hourly) at 16404.11. 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 Bearishly below SlowDwhileMACDis Bearishly below MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBearishly below MACDAverage. Disclaimer: Sally Ho&rsquo;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.
23h agocryptodaily
Putin Wants Blockchain-Based International Payments System
The Russian president has criticized the number of sanctions imposed upon the country by the west and has called for a payment system independent from external interference. Putin Calls Sanctions &ldquo;Illegitimate&rdquo; According to Russian President Vladimir Putin, the global financial payment system is highly monopolized. He has criticized the west&rsquo;s decision to impose sanctions on Russia following his invasion of Ukraine, calling them &ldquo;illegitimate restrictions.&rdquo; Putin addressed the financial concerns of international settlements facing the threats of sanctions due to the tense relations between Russia and the Western superpowers. He pointed out, &ldquo;The existing system of international payments is expensive, the system of its correspondent accounts and regulation are controlled by a narrow club of states and financial groups.&rdquo; &ldquo;No Interference In International Payments&rdquo; He made the comments during his speech at the International AI Journey Conference organized by Russia&rsquo;s largest bank, Sberbank, in Moscow on November 24. In the speech, he expressed that there is a need for a global payment system powered by blockchain technology that will be immune to the interference of banks or governments. His exact words were, &ldquo;The technology of digital currencies and blockchains can be used to create a new system of international settlements that will be much more convenient, absolutely safe for its users and, most importantly, will not depend on banks or interference by third countries. I am confident that something like this will certainly be created and will develop because nobody likes the dictate of monopolists, which is harming all parties, including the monopolists themselves.&rdquo; Bank Of Russia Going Pro Crypto Other than President Putin&rsquo;s pro-crypto comments, the state of crypto in Russia has been quite interesting. Till last year, i.e., before the attack on Ukraine and the subsequent sanctions, the country&rsquo;s central bank had been very strictly anti-crypto. According to certain experts, the Bank of Russia probably considered cryptocurrency a challenge to its own ruble fiat currency. However, with the changing nature of the geopolitical climate, the central bank has done a complete 180 and pivoted to a more pro-crypto stance, assumably as a foil against the imposed sanctions. In September 2022, the Bank of Russia reached an agreement with the Finance Ministry to legalize cross-border crypto payments. In fact, the Deputy Finance Minister even acknowledged the changing approach to crypto regulation, saying, &ldquo;The Central Bank has also rethought [the approach] taking into account the fact that the situation has changed, and we are rethinking, because the infrastructure we plan to build is too rigid to use.&rdquo; Furthermore, the Russian Central Bank is also looking at incorporating blockchain tech and crypto assets into its domestic financial system by working with lawmakers trying to modify legislation to allow for a national crypto exchange. 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
Best Crypto Under 1 Cent To Buy Right Now
Many investors regard cryptocurrencies with less than one cent value as a potentially lucrative option to Bitcoin (BTC) and Ethereum (ETH). Indeed, several of these currencies are deserving of your attention and consideration. A variety of factors determine the potential of cryptocurrency. It could be due to the merit of the underlying technology or investment, the strength of the community and team, or even just the power of the marketing campaign. It&rsquo;s why getting in The Hideaways before proper marketing start is a no-brainer. When it comes to cryptocurrencies, it is feasible to acquire such forms of digital currencies whose worth is certain to improve over time because they currently have the capacity to do so. Top 3 Best Under A Penny Crypto To Invest In In this article, we will discuss some of the top coins that cost less than one penny to buy at the moment. Dent (DENT) Users of Dent (DENT) are able to utilize eSIM cards and mobile data in order to connect to the internet. Consumers are able to retain ownership of the mobile data they generate and only need to spend for the bandwidth they actually consume as a result of the blockchain technology that underpins the system. Dent has currently amassed a user base of 25 million people and has a market valuation of $69 million. Right now, a single token can be purchased for $0.0007. Holo (HOT) HOLO (HOT) is an alternative distributed ledger system that can host platforms for smart contracts. In addition to this, HOLO is not harmful to the environment. Because of Elon Musk's comments on Bitcoin's energy use, sustainability has become an increasingly important topic, which has resulted in coins like HOLO receiving more attention. In comparison to its all-time high value of $0.03157, the current price of HOLO&mdash;which can be purchased for $0.0016&mdash;represents a substantial discount. Shiba Inu (SHIB) Over the past year, the Shiba Inu (SHIBA) has seen an increase in demand. Shiba is a more valuable currency than Dogecoin despite its meme notoriety. In addition to this, its market capitalization is significantly lower than that of DOGE. Shiba Inu is an ERC-20 token that will be used on the platform, and the platform has aspirations to establish an ecosystem named ShibaSwap. Soon, ShibaSwap users can earn interest on their investments by staking their Shiba Inu tokens. The price of SHIB right now is $0.000009187. The Hideaways (HDWY) Is The Best To Get Right Now For a 90% yield in USDT and ETH, The Hideaways (HDWY) is the finest option for passive income generation. Because of HDWY's low market cap, you have a fantastic chance to profit from the token's anticipated growth in value by 2023. The HDWY token presale price will be far lower than the token's eventual listing price on an exchange, providing a fantastic opportunity for early adopters and investors. The price of one HDWY token is only $0.08. Using a cryptocurrency with minimal transaction costs can be helpful when making a minor purchase. In addition, new cryptocurrency investors are drawn to low prices because they assume this indicates the cryptocurrency is undervalued. In determining whether a crypto coin is overpriced or underpriced, market capitalization is a key metric to consider. Invest wisely! Website: Presale: Telegram: Twitter: 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
Dogecoin (DOGE) and Chainlink (LINK) Investors Are Now Focused On Flasko (FLSK)
Dogecoin (DOGE) and Chainlink (LINK) were among the most profitable cryptocurrencies for 2021. But now, they are less desirable for investors because of how they perform in the bear market. As a result, investors are searching for alternative cryptocurrencies like Flasko. Dogecoin (DOGE) Is Not The Most Excellent Investment Now Dogecoin (DOGE) is still one of the top ten cryptocurrencies. However, for investors looking for rapid profits, it is not a viable investment prospect. Dogecoin's (DOGE) value is down, and even the cryptocurrency's weekly price fluctuations demonstrate that it is not a good alternative for investors to concentrate on. Chainlink (LINK) Will Face Further Difficulties In The Future Due to the bad market circumstances, Chainlink (LINK) faces difficulties. In addition to smart contracts, Chainlink (LINK) created a platform that offers the highest level of data safety. Chainlink (LINK) was successful in attracting a lot of favorable attention in the past, making it rank among the top 20 cryptocurrencies. However, the value of Chainlink (LINK) is predicted to go down further in the next few months. Investors See Flasko (FLSK) As A Promising Investment Flasko is now occupying a prominent position among altcoins that continue to pique investor interest. It is regarded as one of the top alternative investments available now. Flasko is an alternative-investment platform that will allow investors and users to invest in rare, luxury, vintage whiskeys, wines, and champagne. The value of Flasko has now increased to $0.085 since its initial presale. This price is expected to grow in early 2023 by about 4,000%. If you want to enjoy all the benefits associated with Flasko and its future gains, it is recommended to invest now. Flasko is a safe long-term investment as it passed the Solid Proof audit, and its liquidity is locked for 33 years. Website: Presale: Telegram: Twitter: 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 agocryptosrus
Bitcoin ‘Millionaire’ wallets are going down: Is it a thing to worry about?
As the number of Bitcoin millionaires dropped by 80% annually, they are becoming an increasingly rare breed. There are currently just 23,000 BTC wallets with a balance worth $1 million or more, according to the most recent data from on-chain analytics company Glassnode. There were 23,245 BTC wallets with a balance of more than $1 […] The post Bitcoin ‘Millionaire’ wallets are going down: Is it a thing to worry about? appeared first on CryptosRus.
1 day agocryptodaily
VRJAM Announces The Initial Exchange Offering Of Its Revolutionary Metaverse Currency, Vrjam Coin
London, United kingdom, 28th November, 2022, ChainwireVRJAM, the leading platform for Web3 live events, today announced the launch of its revolutionary new digital currency VRJAM Coin will IEO on the 30th of November via exchanges and MexC. VRJAM&rsquo;s and metaverse crypto-coin is currently valued at $US40M and has attracted investment from 15 of the world's leading web3 focussed VC&rsquo;s and investors. VRJAM first came to market with an &lsquo;alpha state&rsquo; product in 2019 and then bootstrapped the business for 4 years, producing double-digit growth year after year. The founder&rsquo;s tenacious approach ultimately grew the business to become a UK market leader for immersive live events, servicing hundreds of premium content creators and brands along the way. At the start of the month, VRJAM&rsquo;s public content platform was released after 4 years of development and market validation, download the VRJAM platform app now and dive into the virtual world of 5th Dimension, or create an account on the VRJAM browser application to render a custom avatar and buy VRJAM NFT&rsquo;s. VRJAM offers a premium content platform for high quality, immersive live events that&rsquo;s been built based on years of experience servicing clients like Red Bull, Glastonbury Festival&rsquo;s Shangri La, Twitch (an Amazon-owned company) and even the UK Government&rsquo;s Creative Industries Council. VRJAM&rsquo;s technology has also caught the attention of blue-chip tech brands including Google (VRJAM is a member of the elite Google Campus startup accelerator) and the world&rsquo;s biggest game publisher Epic Games (Epic provided funding and financial support to VRJAM through the prestigious Epic Mega Grants program). The quality of VRJAM&rsquo;s native currency has been firmly validated by the investments made in the currency to date which total $US2.2M in invested capital, a list of the VCs and investors who've backed VRJAM Coin to date include, NGC Ventures, Sky Vision Capital, DWF Labs, EnjFi, Ventures, Animal Concerts, AU21, Stablenode, Axia 8, Enjin, Eight Rings Ventures, Panony, TPS Capital and Oracle Investment Group. VRJAM Coin is somewhat unique in the web3 vertical due to its focus on the consumer use case. VRJAM Coin is also intended to be used by consumers, brands, and content creators to buy and sell products, content and services inside the rich, virtual world built on the VRJAM platform. This fact means that demand for the coin is magnified by its use by consumers and brands. By way of this extra demand, the token price is somewhat insulated from the storms of the crypto markets, offering investors a safer, more stable opportunity. The VRJAM platform offers a wide array of use cases for its cryptocurrency including buying and selling tickets, avatars, backstage passes, premium content and virtual real estate. VRJAM&rsquo;s virtual real estate model is also unique and offers a smart alternative to the traditional &lsquo;metaverse land&rsquo; investment modelo, find out more about this on the VRJAM website. However the most important part, of the consumer use case that VRJAM Coin addresses, is how consumer conversion from Web2 to Web3 happens. VRJAM&rsquo;s user acquisition strategy relies on collaboration with global brands and content creators, whereby consumer audiences are offered free access to magical experiences on the VRJAM platform. By cooperating with top creators and brands to offer premium content fans can't get anywhere else, VRJAM gains access to a powerful user acquisition strategy that turns the consumer audiences into account owners and coin holders on the VRJAM platform. A few brands and creators VRJAM already works with to activate live events and content on the platform are Animal Concerts, Polygon Studios, Snoop Dogg, Billy Ray Cyrus & Avilla Brothers &lsquo;Hardworking Man&rsquo; metaverse project, Roger Sanchez, Umek, DJ Craze, Jay Worra and Stanton Warriors. This strategy is enhanced and accelerated by VRJAM&rsquo;s play-to-earn rewards program, whereby over $US20M in cryptocurrency will be distributed as consumer rewards and incentives to drive adoption of VRAM's technology. On the 30th of November, a number of key events will combine to create a successful market entry for VRJAM Coin including; the activation of VRJAM&rsquo;s NFT marketplace via the offering of a range of super rare NFTs from top-tier music artists. The launch of VRJAM&rsquo;s native.staking pools including farming pools and traditional, time-locked pools to give the VRJAM community opportunities to grow their investment and the launch of VRJAM Coin on 2 of the world&rsquo;s leading crypto exchanges, MexC and The VRJAM Coin initial DEX offering is live now on 3 of the world&rsquo;s leading IDO launchpads, Trustpad, Kommunitas and Erax. Head to one of VRJAM&rsquo;s IDO launchpads to invest and join the VRJAM Community About VRJAM VRJAM is an award-winning real-time platform for premium virtual events and immersive social gaming. The VRJAM platform empowers creators and brands to offer fans inspiring immersive experiences that redefine fan engagement within the Web3 environment. Over the last 3 years, the platform has empowered some of the world&rsquo;s leading brands and artists to redefine fan experience in digital space including Carl Cox, Ultra Records, Twitch, Red Bull and Fatboy Slim to name a few. These experiences are monetized using VRJAM&rsquo;s native cryptocurrency, VRJAM Coin and also by way of the creation of revolutionary new types of NFT&rsquo;s that are native to the virtual world of VRJAM. The live experience features of the platform combine with elegant smart contract infrastructure and crypto native feature sets to create new ways for brands and content creators to render digital content and engage with fans. VRJAM&rsquo;s community of partners, advisors and investors includes some of the leading brands in the blockchain space including Polygon, and as well as an array of top tier consumer brands including the world&rsquo;s leading game publisher, Epic Games. Web Links Website | Twitter| Telegram | LinkedIn | Reddit | Discord | Instagram | Facebook | CoinmarketCap Content Links VRJAM LOGO Cinematic Trailer In-App Gameplay Video Metaverse Live Event Video In-App Images Header Image LeadAshley [email protected]
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About Own

The live price of Own (CHX) today is ? USD, and with the current circulating supply of Own at 99,719,012 CHX, its market capitalization stands at ? USD. In the last 24 hours CHX price has moved ? USD or 0.00% while ? USD worth of CHX has been traded on various exchanges. The current valuation of CHX puts it at #279 in cryptocurrency rankings based on market capitalization.

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

Own Price? USD
Market Rank#279
Market Cap? USD
24h Volume? USD
Circulating Supply99,719,012 CHX
Max SupplyNo Data
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Sorry, no liquidity for this pair
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