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Request Network(REQ)

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$0.131673
(-0.64%)
0.00000568 BTC
Market Cap (Rank#208)
$131,650,465
5,682 BTC
Vol 24h
$1,603,799
69.2147 BTC
Circulating Supply
999,830,316.04
Max Supply
999,877,117
1h agocryptodaily
As DeFi Hacks Soar, This Startup Wants To Radically Overhaul Smart Contracts To Prevent Them
Over the past couple of years, hundreds of new decentralized finance applications and protocols have flooded onto the Ethereum network and other blockchains. In November 2021, the total value locked in all DeFi apps reached a staggering $290 billion. DeFi, in theory, is designed to democratize access to finance by enabling people from all over the world, from any background, no matter who they are, to participate. There are no financial or geographical restrictions or centralized intermediaries - everything is decentralized, trustless, and peer-to-peer. It’s a vision that has proven popular, with DeFi growing faster than anyone could have imagined. However, its rise has been clouded by numerous critical security threats that make it seem like a very risky venture to anyone who’s not extremely knowledgeable about how crypto works. While 2021 was a big year for DeFi, it was arguably even bigger for hackers, with a recent report from Chainalaysis finding that they stole a combined $3.2 billion worth of cryptocurrency that year. This year is likely to be just as profitable for hackers. According to CertiK’s latest report, DeFi and Web3 together lost more than $2 billion to hackers in the first six months of the year. Chainalysis said hackers in the crypto sphere have migrated away from wallets and other targets, and are almost exclusively targeting DeFi protocols today. In the first three months of 2022, almost 97% of all funds stolen by hackers came from DeFi, up from 72% in 2021 and just 30% in 2020. A quick look at some of the biggest hacks of this year explains why DeFi has become such a popular target for attackers. The amounts they can steal are tremendous. The most expensive hack so far this year was the Ronin Validator Security Breach. On March 23, the person or persons responsible for the attack were able to compromise Sky NMavis’s Ronin and Axie DAO validator nodes, hack the private keys and make illicit withdrawals. They stole an incredible 173,600 ETH and 25.5 million USDC, amounting to $615.5 million in total, via just two transactions. Unfortunately, the Ronin hack was not just an isolated event. In February hackers exploited a security vulnerability in Wormhole’s signature verification, enabling them to make off with 120,000 wETH on Solana, an amount that was worth $326 million at the time of the attack. Similarly, in April, the Beanstalk protocol fell victim to a one-day delay inside a $BEAN governance proposal contract to complete a flash loan. The attacker was able to steal 70% of the total seeds, getting away with $181 million in total. Spotting Smart Contract Vulnerabilities The vast majority of DeFi hacks occur due to vulnerabilities in the smart contracts that power the protocols. Smart contracts are self-executing bits of code that automatically process transactions when certain conditions are met. They’re one of the core elements of DeFi as they make the requirement for a trusted intermediary redundant. The good news is that the community is aware that smart contracts are a glaring weakness in DeFi security and is taking steps to address them. The most reliable DeFi protocols today are sure to carry out a comprehensive smart contract audit to identify if any vulnerabilities exist. Audits are carried out by reliable firms such as CertiK and Hacken, and assess the recorded transactions within a blockchain ledger to try and spot any bugs. Other ways of identifying vulnerabilities include penetration tests by teams of security experts, who attempt to hack DeFi protocols so they can inform the developers how they did it, allowing them to close whatever loopholes are discovered. In addition, protocols can also offer “bug bounties”, where they essentially crowdsource security. Dozens of “white hat” hackers compete for a monetary prize to identify vulnerabilities within a protocol. Bug bounties can be especially beneficial because they incentivize participants to act like real cybercriminals, meaning they will likely attempt to hack the protocol using similar methods as the real bad guys do. The idea being that the good guys will discover any obvious exploits before they’re exposed in the real world. Smart contract code audits and bug bounties can help to protect DeFi protocols against common hacks around unhandled exceptions and transaction order dependency. However, audits are unfortunately not infallible - the Chainalaysis study found that 30% of exploits this year occurred on platforms that had been audited within the past 12 months. So while code audits and bug bounties can be helpful, they do not provide any guarantees. As such, DeFi protocols that are managing billions of dollars in user’s funds ought to adopt a more robust approach to security. Reinventing Smart Contracts One of the most exciting solutions to emerge is the Scrypto programming language developed by Radix, which is a layer-1 blockchain protocol that has been built specifically for DeFi. The Scrypto language is based on the popular Rust programming language and retains most of its features. However, it notably adds a number of specific functions based on the Radix Engine. It can be thought of as a collection of libraries and extensions to Rust that provides asset-oriented features, enabling Rust-style logic to interact with assets as a native, first-class citizen. The most important distinction of Scrypto is that it effectively does away with smart contracts. Instead of smart contracts, it uses blueprints and components to process transactions. Blueprints are compiled source code that lives on the blockchain, where they can be used by anyone. Their role is to provide “constructor functions” for DeFi transactions, with flexible parameters that others can instantiate. They’re generally quite specialized in terms of functionality, though they can support multiple different use cases depending on exactly how they’re instantiated. Blueprints can sometimes work with other blueprints, deployed together as a “package”. To activate a blueprint, it must be instantiated by calling one of its constructor functions in order to obtain the address of a newly created instance, known as a “component”. Components are used to manage state and can gather, hold and distribute resources according to the logic associated within the blueprint that created it. In other words, components in Scrypto resemble smart contracts, however, they derive from the logic defined within the blueprint that gave birth to it. Scrypto’s unique architecture allows it to carry out transactions in a very different way to regular smart contracts written in Solidity or another language. Instead of sending a number or reference to some tokens, Radix Engine transfers ownership of tokens from the caller to a component. Once that component receives a bucket of resources or multiple buckets, it can take those resources and deposit them into a vault it holds, or else a different bucket. Then, the Radix Engine ensures that the caller can no longer access the bucket or vault. The end result is that dApps built on Radix have a much simpler and safer way of transacting. To better understand how it works, Radix offers us the example of a gumball machine that accepts USD tokens in exchange for a token held within its vault. In this example, the user passes a bucket of 0.25 USD to the insertCoins method of the MyMachine component. The blueprint’s logic sees that the correct price has been paid, adds those tokens to a vault, then takes 1 gumball from its gumball vault and passes it back to the caller. It can even send back some change if the caller passed too much USD. With Ethereum’s Solidity-based smart contracts it’s much more complex and risky. In the same machine, the user would call a smart contract to give the machine permission to withdraw from their wallet on their behalf. They would tell the machine they wish to input 0.25 USD. The machine would then call the USD contract to make the withdrawal, then call a gumball smart contract to send the gumball to the user. Finally, it would probably also update an internal cache of the number of remaining gumballs to check for eros. Each one of these processes uses a smart contract, and each one is therefore at risk of being hacked due to a smart contract vulnerability. That’s just a simple example. With DeFi, transactions can be many times more complex, meaning they’re exposed to multiple times the risk. All it takes is one vulnerability somewhere, in any one of numerous smart contracts involved in a transaction, for an attacker to pull off an attack. Conclusion As DeFi grows and its total value locked increases, the risk of exploitation will only increase. If there’s one takeaway we can gather from the stunning amount of crypto that’s been stolen by DeFi hacks, it’s that the need for smart contract security has never been greater. While code audits and bug bounties can help to spot the most obvious vulnerabilities in DeFi, it’s clear that the industry could benefit immeasurably from a radical overhaul based on an infrastructure that’s designed to minimize the number of potential exploits from the get-go. 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
3h agocryptodaily
10x During Inflation? Only In DeFi: Uniglo (GLO), Shiba Inu (SHIB), Binance Coin (BNB) Explained

Double-digit inflation currently ravages most economically developed countries and has dominated headlines globally. People have seen their purchasing power drastically reduced, and if they have not seen wage increases in line with inflation, they have taken a significant pay decrease. In this troubled economic time, one sphere continues to develop and grow increasingly fertile: DeFi (decentralised finance). This nascent economic sphere is continuously evolving and increasing its value proposition as it becomes a viable opponent of TradFi (traditional finance) and ushers in a new age of transparent and more equitable finance. The potential for growth in DeFi is incredible, and many investors see huge gains on their investments. Uniglo (GLO), Shiba Inu (SHIB), and Binance Coin (BNB) have been earmarked by several crypto analysts to enjoy serious gains in the coming months. Uniglo (GLO)Uniglo represents a new approach to currency. With inflation destroying the actual value of fiat and market volatility making crypto a highly unstable store of value, the need for a new store of value became glaringly apparent. GLO is a community-owned currency that builds on the strategy employed by the rich to preserve their wealth; asset ownership. Uniglo features buy and sell taxes, 5% goes to the treasury fund to acquire a blend of digital, real-world, and NFT assets to give GLO a stable value-backed floor price, and 2% of each transaction is burnt. This hyper-deflationary token backed by tangible assets is a perfect hedge against inflation. The Uniglo vault will hold stablecoins to protect against volatility, large-cap cryptos to benefit from long-term price appreciation and a selection of high-end physical investments that ordinary investors typically cannot access due to capital requirements. In the prevailing market conditions, the potential for Uniglo to grow is colossal, and this crypto is one of the most exciting prospects for 2022. Shiba Inu (SHIB)Shiba Inu’s native DEX (decentralised exchange) Shibaswap continues to attract increasing amounts of capital, and the other ecosystem tokens, BONE & LEASH, are being used to generate revenue. The SHIB Army are busy earning yields. With promises of a new decentralised stablecoin and a collectable card game soon to be released, this DeFi ecosystem is flourishing. SHIB is undergoing a massive burn event with more than 400 trillion tokens burnt and counting. With a drastically reduced supply, the token’s price is being pushed up and is an excellent choice for investors who want to partake in the lucrative realm of DeFi. Binance Coin (BNB)BNB is the utility token of Binance, the world’s leading exchange ranked by volume, and the native token of the BSC (Binance Smart Chain), the second largest ecosystem within DeFi. This token sits fifth ranked by market cap and is what many analysts call a ‘blue chip’ crypto project. With Binance holding a quarterly burn, the total supply of BNB is decreasing. This token opens the door for the investor to participate in the BSC ecosystem, which hosts PancakeSwap, the most popular DEX by visitor count. Here investors can earn yield with their digital assets, and BNB, trading at $284, will meet its next critical resistance at $336. The bulls are in control, and the next bull market cycle promises incredible gains for BNB holders. Find Out More Here Join Presale: https://presale.uniglo.io/register Website: https://uniglo.io Telegram: https://t.me/GloFoundation Discord: https://discord.gg/a38KRnjQvW Twitter: https://twitter.com/GloFoundation1 Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
3h agocryptodaily
Curve Finance Asks Users To Revoke Recent Contracts After DNS Hack
Curve Finance became the latest target in a long list of exploits that have decimated the crypto space in 2022. The protocol reported that an exploit on the site’s nameserver and front end resulted in a loss of over $573,000. The protocol has since reported that the problem has been found and fixed. $570,000 Stolen From Curve Finance Automated Market Maker Curve Finance took to Twitter on Tuesday, warning users of an exploit on its site. The Curve team acknowledged the issue affecting the site’s front-end and nameserver, which appeared to be orchestrated by a malicious actor. The protocol stated on Twitter, “We are becoming aware of a potential front-end issue that is approving a bad contract,” the Telegram announcement read. “For now, please do not perform any approvals or swaps. We’re trying to locate the issue, but for now, for your safety, do not use Curve.fi or curve.exchange.” The team made a second announcement shortly after the initial one, stating they had found the source of the problem and addressed the issue. However, the protocol has asked users to revoke any contract approvals they may have conducted over the past few hours when the protocol’s front end and nameserver were compromised. “If you have approved any contracts on Curve in the past few hours, please revoke immediately.” The attack on Curve comes hot on the heels of another exploit, suffered by Nomad, leading the protocol to lose $190 million. Exchange Unaffected Curve stated in a follow-up that its exchange, which is a separate product, was unaffected by the hack. This is because the exchange uses a different domain name system (DNS) provider. The protocol added that users should continue to use the Curve.exchange until Curve.fi reverts to normal. “The issue has been found and reverted. If you have approved any contracts on Curve in the past few hours, please revoke them immediately. Please use http://curve.exchange for now until the propagation for http://curve.fi reverts to normal.” According to Curve, the hacker appeared to have changed the domain name system entry for Curve Finance. This forwarded users to a fake clone, which approved a malicious contract. However, the program’s contract was not compromised by the hack. Alarm Bells On Twitter While the attack on Curve Finance was ongoing, Twitter users speculated on the source of the attack. User LefterisJP speculated the attacker had used DNS spoofing to execute the attack on Curve. “It’s DNS spoofing. Cloned the site, made the DNS point to their IP where the cloned site is deployed, and added approval requests to a malicious contract.” Other users on Twitter were quick to warn fellow users about the ongoing exploit, stating that the protocol’s front-end had been compromised, while others noted that the hacker had stolen over $573,000. A Significant Impact On Curve The timing of the exploit could not have been worse for Curve.finance, which was winning favor with analysts, who had stated in July that despite the recent market downturn, Curve remained a viable option in the space. Researchers have several reasons for their bullishness around the protocol, specifically pointing out the growing demand for Curve DAO token deposits, the protocol’s yield opportunities, and its revenue generation thanks to stablecoin liquidity. This observation came after the protocol launched a new algorithm that allowed the exchange of volatile assets, promising to allow low-slippage swaps between any volatile assets. The pools use internal oracles and a bonding curve model, previously deployed by market makers such as Uniswap. 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
CoinLoan announces high customer satisfaction even as industry growth slows
9th August 2022, Tallinn: CoinLoan is proud to announce the outstanding results of its 2022 customer satisfaction survey. The survey results show that despite investor interest in the crypto market being tested in recent months, the reality continues to be positive for the future of the crypto sector. This survey, sent out to all customers, allowed CoinLoan users to rate their level of satisfaction with the company’s various services, including its lending system, interest accounts, security standards, and customer support. After collecting the responses and collating the data, CoinLoan can now report the following: 74% satisfaction with the company’s lending system. 83% satisfaction with CoinLoan’s interest accounts. 92% satisfaction with CoinLoan’s security standards. 78% satisfaction with CoinLoan’s customer support. Further, it was found that CoinLoan customers, when asked what aspect of the company’s lending is the most attractive, were almost equally split between instant loan processing and the ability to repay loans with different assets — two offerings which serve to differentiate CoinLoan from a number of their competitors. Taken together, this overwhelmingly positive feedback from customers demonstrates the ongoing trust CoinLoan clients have for the company, even in the face of this market downturn. Alex Faliushin, CEO of CoinLoan, said: “We are always looking for ways in which we can improve the user experience of our customers, and these survey results are a fantastic indication that our hard work is paying off. Even as this industry suffers some growing pains, CoinLoan stands as an example of what sustainable growth in the right direction can look like.” As this crypto sector continues to evolve and develop, it is up to crypto companies to do everything in their power to maintain the trust of their customers. In the past few months alone, CoinLoan has announced partnerships with Elliptic, the global leader in cryptoasset risk management, and the well-known financial cybersecurity firm, Blaze Information Security. These partnerships are indicative of CoinLoan’s ongoing commitment to their clients, and their willingness to go above and beyond to protect the investments of their customers. Looking to the future, the company plans to expand their offerings and continue to develop in-line with their client needs. Editorial contacts: John Norris / Emma Dodds Moonlight IQ Email: [email protected] Tel: +44 (0) 20 7250 4770 About CoinLoan CoinLoan is an EU-licensed crypto business that started as a project in 2017. Its platform offers Instant Loans against cryptoassets, Interest Account in crypto, and Crypto Exchange. These services are rendered both to individuals and corporate entities with the exceptions as required by the applicable laws. We provide our clients with the highest security standards and insurance on assets, allowing both corporate and private customers to benefit from the highest levels of protection. Its highly-competitive loan and APY rates, transparent pricing, and 24/7 human customer support service have resulted in high customer retention and satisfaction. CoinLoan’s platform allows swapping and managing a comprehensive and growing range of cryptocurrencies, including its native token and fiat currencies. The company is focused on continuous innovation through state-of-the-art technology and partnerships, bringing customers constant improvements and possibilities within the crypto world. For more information, please visit us athttps://coinloan.io/. 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
Circle Freezes All Blacklisted Tornado Cash Addresses As Sanctions Take Hold
The USD coin (USDC) issuer, Circle, has frozen around 75,000 USDC worth of funds linked to 44 Tornado Cash addresses listed in the US Treasury Department’s sanctions against the protocol. The issue was highlighted by a Twitter bot, USDC blacklist, which scrapes the blockchain for USDC blocklists. Over 75,000 USDC Worth Of Funds Frozen Crypto data aggregator Dune Analytics announced the news of the freezing, which stated that the issuer of the USDC stablecoin had frozen over 75,000 USDC worth of funds that were linked to 44 Tornado Cash addresses that were sanctioned by the US Office of Foreign Asset Control’s Specially Designated Nationals and Blocked Persons (SDN) list. Tornado Cash is a decentralized application that individuals use to obfuscate any trail of crypto transactions on the Ethereum blockchain. Interactions With Sanctioned Addresses Prohibited US entities and individuals are prohibited from interacting with the virtual currency mixer’s USDC and Ethereum smart contract addresses on the SDN list. Any entity or individual that interacts with Tornado Cash’s Ethereum smart contract addresses and USDC could potentially attract a fine ranging from $50,000 to $10,000,000 and imprisonment ranging from 10-30 years. It is estimated that Tornado Cash’s smart contract addresses hold around $437 million worth of assets. These assets consist of Ethereum, Wrapped BTC, and a host of stablecoins. With the blacklist in place, issuers will now have to take steps to prevent transactions or redemptions of the assets in question. Circle’s Blacklist Policy Jeremy Allaire, Circle CEO, confirmed in June that USDC does feature a blacklist function to block addresses as and when legally required. USDC’s blacklist policy states that once an address is blacklisted, it can no longer receive any USDC into the address, and any funds held in that address cannot be transferred to any on-chain address. This means any funds held at the blacklisted address are effectively frozen indefinitely. Tornado Cash co-founder Roman Semenov revealed that his Github account was also suspended following the announcements of the sanctions. Potential Impact At present, the impact of Tornado Cash and its inability to operate is not known. However, California-based BitGo would have to make some adjustments to restrict access to Tornado Cash to comply with the sanctions. BitGo could suspend the redeeming of Tornado Cash-linked WBTC to abide by the sanctions. Pseudo Anonymous DeFi educator BowTiedIguan stated that the sanctions on Tornado Cash apply across the board. Even interactions such as Gitcoin donations, working for the project, visiting its website, downloading and running its client, and depositing/withdrawing from associated smart contracts could be deemed a violation. 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
VisionsDao Exits Stealth Mode and Presents a Modular Stack for GameFi That Enables Sustainable Economies
Toronto, Canada, 8th August, 2022, ChainwireAn up-and-coming GameFi infrastructure startup, VisionsDAO has been building for more than a year what could become a foundational primitive for game developers looking to implement sound crypto economic designs and plug-and-play modules that will power a new wave of sustainable on-chain Web3 games to come to market and thrive. VisionsDAO aims to enable engaging gameplay and circular game economies through high-quality crypto-economic modules that accelerate time-to-market while reducing development costs and risks for Web3 game builders and legacy game studios who want to make the leap into blockchain-powered games. VisionsDAO wants to challenge the current “Play-to-Earn” gaming format. “When earning became the main design focus for players, guilds and project teams, games felt more like jobs than sources of joy, and the end result was higher acquisition costs, and lower retention rates.” - said VisionsDAO co-founder Nico Rodriguez. One of the issues faced by many games was related to hyper-inflationary token designs that were not sustainable, requiring a growing number of new players to buy an ever-growing supply of tokens flooding the market. Due to that, token prices tanked, and failure rates at first-wave GameFi companies became a scary topic for gamers, investors and founders alike. In order to solve that, VisionsDAO developed a stack of 5 modules that can be selectively or entirely included by game developers, ultimately adding up to creating a fully on-chain business simulation game. The Visions-SDK allows anybody to instantiate their own simulation game, by configuring the parameters of the modules to function exactly as they want them to. Nico Rodriguez, who also leads the technical development of the project, talked about his desired impact on the entire Web3 Ecosystem: “We’re making the development of on-chain business simulation & economy games so streamlined that we also believe that not only legacy gaming studios and Web3 game builders will benefit from our stack, but also that we will enable the emergence of DAO Social Games as a new community building tool, increasing their size and engagement, while also helping DAOs and Protocols to expand their treasury via novel mechanisms such as crafting items through forging fungible and non-fungible digital assets.” Builders using the VisionsDAO SDK can launch games that operate on-chain, with interoperable capabilities across EVM compatible blockchains, taking advantage of circular economic features and reducing hyperinflation risks. The modules are built with the same mindset that enables rigorous DeFi protocols to succeed. “We’re building innovative GameFi infrastructure and tooling so that devs and artists can do more together. Through our first modular stack, we aim to jumpstart the unfolding of an ever-expanding universe of interoperable ecosystems, not only within gaming but also within other thriving and nascent sectors of Web3. GameFi can be integrated into every segment, from DeFi to ReFi, accelerating the adoption of new decentralized technologies, and also new values.” Added co-founder and ecosystem development lead, Phil Lewandowski. VisionsDAO has raised $2.2m in their seed round from industry giants Animoca Brands, Spartan, trailblazing founders and angels like Trent McConaughy, Bruce Pon and John Lilic, in addition to receiving tremendous support from accelerators and strategic partners such as Alliance DAO and Kilonova Ventures. The founders invite all game builders, hardcore gamers, DAO members, investors and GameFi enthusiasts to get in contact for learning more about the protocol and for future partnership opportunities through their website. About VisionsDAO VisionsDAO is a decentralized and open-sourced infrastructure provider bringing business simulation games on-chain. It merges the resilience of token engineering into gaming to unlock new streams for value creation. VisionsDAO’s circular economic models and gamified dividend pools empower developers to gamify the entire ecosystem. Learn more: https://www.visionsdao.io/ContactsVisionsDAO [email protected]
1 day agocryptodaily
Bware Labs Announces The Blast Incentivized Testnet, Code-Named Houston
Working towards their stated goal to build the highest-performing, most reliable, blockchain API platform, Bware Labs, the company behind Blast, is launching the Houston Incentivized Testnet. The purpose of the testnet mainly revolves around verifying all the technical aspects involved in the decentralization of the Blast API Platform, from the proprietary Node Integrity Protocol to the Staking Mechanism. At the same time, it aims at preparing future Node Providers for the mainnet launch while giving them the option to obtain enough funds to join the platform in its production state. In terms of rewards, the total amount reserved for the entire Houston Testnet is 1M BWR tokens, which makes for 1% of the total token supply. The tokens received during the testnet will be sufficient for each participant to be able to run at least one node when the mainnet is live. Bware Labs claims that, thanks to their integrity protocol and incentivization mechanism, the Blast API platform will be able to keep the highest level of performance in the industry even after the decentralization takes place. This means that no change in the quality of the service would be visible to their constantly growing number of adopters and customers, among which we can already enumerate Coingecko, DIA, Connext, Moonwell, Subscan, DappRadar and many others. The first phase of the Houston Testnet (The Launch Phase), will be restricted to the companies’ closest partners from the infrastructure and node-operating segment. The list includes reputable companies with vast experience in running blockchain infrastructure such as: Dokia Capital, Stakin, P2P, Hashquark, Hypersphere and Woodstock. Once this preliminary stage is completed, Bware Labs will welcome independent node runners to onboard the testnet in Phase 2 (The Orbit Phase) and earn rewards, while helping the company achieve its mission of providing quality-driven, decentralized services. The Houston Incentivized Testnet will end with a third phase (The Landing Phase), where the creativity of participants is required in finding improvements, corner cases, or any feedback that will help the platform become more robust and easier to use by both API consumers and Node Providers. All the details for the Houston Testnet, as well as the schedule and missions for those interested in becoming Blast partners as Node Providers, are available on the Houston Testnet landing page https://houston.blastapi.io/houston-testnet. About Bware Labs The mission of Bware Labs is to create an infrastructure and development ecosystem that can help Web3 builders throughout their entire blockchain journey. The company aims to play a decisive role in worldwide blockchain adoption. Proving its commitment to bringing true reliability and quality to Web3, Bware Labs has partnered with some of the greatest names in the industry such as Polygon, Avalanche, Elrond, Moonbeam and Fantom. This will further support blockchain development efforts by providing the highest quality infrastructure services in the crypto space. Bware Labs also supports Blockchain projects from a validator role. Capitalizing on its engineering team’s vast blockchain experience, the company is trusted by more than 15 Blockchain Networks to run validators for their projects. Website: https://bwarelabs.com/ About Blast, the blockchain API platform powered by Bware Labs As the first and primary product developed under the Bware Labs umbrella, Blast is a blockchain API platform that provides easy blockchain access to the most relevant networks in the space. Using Blast, developers are able to get RPC and Websocket access to an ever-growing number of blockchain networks in just a couple of simple steps. Providing unparalleled quality, performance and ease of use for API consumers like dApp developers, exchanges, and other crypto projects, Blast innovates on the provider side as well. It does this by being the first to adopt a reward model for node runners, incentivizing them in order to increase the decentralization of the platform and ultimately improve access to the supported blockchains. Website: https://blastapi.io/ 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.
2 days agocryptodaily
Crypto.com procures regulatory access to South Korea
Giant crypto exchange Crypto.com has secured access to the South Korean crypto market after acquiring two local companies which will provide it with EFTA and VASP registration in the country. It was announced on Monday on its website that Crypto.com had secured very important regulatory compliance by procuring payment service provider PnLink Co., Ltd., and virtual asset service provider OK-BIT Co., Ltd. Kris Marszalek, Co-Founder and CEO of Crypto.com said of the acquisitions: “This is an exciting next step for Crypto.com in an important market. We are committed to working with regulators to continue to bring our products and services to market, particularly in countries like South Korea where consumers have shown strong interest and adoption of digital currencies.” Patrick Yoon, General Manager of Crypto.com in S. Korea added: “We believe our services can not only help further evolve and empower commerce in Korea, but also support the greater creation and development of our Web3 ecosystem. Korea is a tremendously important market for Crypto.com in advancing blockchain technology.” It has not been disclosed by Crypto.com whether it can now offer full crypto trading services in South Korea, or whether it still needs to complete further requirements. In spite of confidence in crypto being shaken quite dramatically in South Korea after the TerraUSD meltdown, obtaining regulatory compliance in the country is a major step for a platform like Crypto.com, given the high levels of crypto adoption in this dynamic Asian market. 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.
3 days agocryptodaily
Crypto Weekly Roundup: Nomad Hacked, Solana Wallets Hacked, ZB Exchange Hacked, Saylor Steps Down, SEC Steps Up, And More
It is been a hectic week that saw a handful of multi-million hacks and one of Bitcoin’s biggest evangelists step down from his post. Also, crypto regulations in the US have gone up another notch. Let’s take a look. Bitcoin Michael Saylor, who was serving as the CEO of business intelligence company MicroStrategy, has shifted to the role of Chairman after serving 30 years at the helm. Ethereum As the ethereum inspired rally continues, the image of the long-dreamt of flippening is beginning to be talked about again. The eth merger is also just on the horizon, and should it go well and the sell-the-news event done with, why shouldn’t a newly high-powered ethereum overtake bitcoin in market cap? Coinbase announced in a blog post published on Monday that Coinbase Prime was adding Ethereum to its growing list of staking options for US domestic institutional clients. DeFi The cross-chain token bridge Nomad suffered an exploit on Monday, August 1, with attackers draining the protocol of nearly all its funds. The total value of cryptocurrencies lost to the attack has totaled nearly $200 million. Nomad has announced that it has recovered $22 million. Data from Etherscan showed that Nomad had recovered around $22.4 million (11.4%) of the $190 million that was drained during the hack after the team announced a reward. Post the attacks on Solana, Near Protocol has issued an official disclosure of details into a similar issue, which it claimed was addressed and resolved earlier in June. Altcoins News has emerged that several hackers have targeted the Solana ecosystem, and losses are nearing the billion-dollar mark. The multimillion-dollar Solana Wallet hack has been traced back to a private key exploit tied to the Slope mobile wallet app. Technology Web3 platform Alchemy has marked its entry into the Polkadot ecosystem, announcing a critical partnership with Astar Network, a parachain of the Polkadot network. Once the deal is finalized and implemented, Astar can utilize Alchemy’s node infrastructure. Business The ZB cryptocurrency exchange advertises itself as one of the most secure exchanges in the crypto space. However, despite robust security measures in place, the exchange has become the latest entity in the crypto space to fall victim to the ongoing spate of hackings. According to the latest details available from PeckShield, the exchange has lost around $4.8 million in a coordinated attack. Fashion brand Gucci has announced that it is adding ApeCoin to its list of accepted cryptocurrencies. Beleaguered crypto lender Voyager Digital has been cleared to return some of the customer funds locked up at the Metropolitan Commercial Bank (MCB) by the judge presiding over the company’s bankruptcy proceedings underway in New York. The ruling clears the path for Voyager Digital to return around $270 million of frozen customer funds. Regulations According to a staffer from the office of United States Senator Cynthia Lummis, every exchange in the country, as well as Binance, is reportedly being investigated by the U.S. Securities and Exchange Commission (SEC). Japan’s central bank has put its CBDC pilot on hold, claiming that it requires further exploration and understanding of the market. NFT CEO Zuckerberg announced that Meta is expanding its NFT support for Instagram across international borders to reach users in over 100 countries. Jewelry brand Tiffany & Co. has unveiled its collection of diamond-encrusted and NFT-backed CryptoPunk pendants. 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.
4 days agocoindesk
Popular Election-Betting Site PredictIt Throttled by US Regulator
Election betting platform PredictIt has to shut down for U.S. users by February, according to a Commodity Futures Trading Commission decision that says the operators haven’t complied with the agency’s requirements for running the popular site.
4 days agocointelegraph
US lawmakers request crypto firms provide info on diversity and inclusion
“There is a concerning lack of publicly available data to effectively evaluate the diversity among America’s largest digital assets companies," said the letter.
4 days agocryptodaily
Crypto Daily - Daily Crypto And Financial News 05/08/2022, Ethereum Fundamentals Shine
In Todays Headline TV CryptoDaily News: Asdasdas Binance and Mastercard to launch Bitcoin rewards card in Argentina. Binance, one of the leading cryptocurrency exchanges, has partnered with Mastercard to launch a rewards card powered by bitcoin and other cryptocurrencies in Argentina, according to a press release. Ethereum fundamentals shine as bottom likely in, before merge With a more accommodating macro backdrop, Ethereum appears to have bottomed, solidified by improved activity resilience than the previous bear cycle, and broadening use cases. Despite industry setbacks, Bitcoin maximalists see a bright future ahead. After frequent calls from mainstream press agencies worldwide that Bitcoin was “finished” because of the recent price drawdown, data shows that a committed core of maximalists are confident in the success of the world’s first decentralized internet currency as it stands apart from various altcoins. BTC/USD plummeted 1.5% in the last session. The Bitcoin-Dollar pair dove 1.5% in the last session. The Ultimate Oscillator's negative signal aligns with the overall technical analysis. Support is at 22098.8837 and resistance at 23984.1057. The Ultimate Oscillator is currently in negative territory. ETH/USD plummeted 1.6% in the last session. The Ethereum-Dollar pair dove 1.6% in the last session. The ROC is giving a negative signal. Support is at 1539.921 and resistance at 1721.341. The ROC is currently in negative territory. The last session saw XRP drop 0.8% against USD. The Ripple-Dollar pair fell 0.8% in the last session after gaining as much as 1.4% during the session. The Stochastic-RSI is giving a negative signal. Support is at 0.3559 and resistance at 0.3841. The Stochastic-RSI is giving a negative signal. LTC/USD skyrocketed 1.8% in the last session. The Litecoin-Dollar pair skyrocketed 1.8% in the last session. The MACD is giving a negative signal. Support is at 54.7833 and resistance at 61.6033. The MACD is currently in the negative zone. Daily Economic Calendar: UK CFTC GBP NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. The UK's CFTC GBP NC Net Positions will be released at 19:30 GMT, the US Average Hourly Earnings at 12:30 GMT, and Germany's Industrial Production at 06:00 GMT. US Average Hourly Earnings The Average Hourly Earnings are a significant indicator of labor cost inflation and of the tightness of labor markets. DE Industrial Production “Industry” is a basic category of business activity. Changes in the volume of the physical output of the nation's factories, mines, and utilities are measured by the index of industrial production. US Nonfarm Payrolls The Nonfarm Payrolls presents the number of new jobs created during the previous month, excluding the agricultural sector. The US Nonfarm Payrolls will be released at 12:30 GMT, Japan's Leading Economic Index at 05:00 GMT, and Japan's Coincident Index at 05:00 GMT. JP Leading Economic Index The Leading Economic Index is an economic indicator comprising 12 indices such as account inventory ratios, machinery orders, stock prices, and other leading economic indicators. JP Coincident Index The Coincident Index released by the Cabinet Office is a single summary statistic that tracks the current state of the Japanese economy. 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.
5 days agocoindesk
BTC-e Operator Alexander Vinnik has Been Extradited to the US: Report
The report comes weeks after U.S. authorities called off their previous extradition request, thereby paving the way for Vinnik to be brought to the U.S.
5 days agocoindesk
Paraguay’s Electricity Authority Requests Higher Rates for Crypto Miners, Partial Veto of Mining Legislation
The legislature this month approved a bill regulating crypto mining and trading in the country.
6 days agocoindesk
Coinbase Asks US Supreme Court to Halt Lawsuits Connected to Scams and Dogecoin
The company seeks to send the cases to arbitration after Federal trial judges earlier rejected such requests.
6 days agocointelegraph
Senators Stabenow, Boozman introduce crypto bill that extends CFTC's regulatory powers
The bill defines digital commodities and requires registration of digital commodities platforms by the CFTC, with language that needs tightening.
6 days agocryptopotato
Galoy Launches “Stablesats” Bringing US Dollar Balances to Lightning Network
The firm's new "Stablesats" feature requires neither stablecoins nor fiat currency to facilitate dollar-based transactions.
6 days agocointelegraph
GitHub faces widespread malware attacks affecting projects, including crypto
The developer who found the vulnerability requested developers to sign their revisions with the GPG key to ensure all their revisions on the project can be verified.
7 days agocoindesk
Lending Platform Vires.Finance Gets Go-Ahead to Implement Repayment Plan Amid Liquidity Crisis
Waves governance token holders have voted to give investors a choice between moving forward with withdrawal requests or waiting until market conditions improve.
12 days agozycrypto
Ripple Scores Yet Another Win As Court Deals Blow To SEC’s Bid To Remove 67,000 XRP Holders From Suit
A U.S. judge has quashed the Securities and Exchange Commission’s (SEC) request to block XRP holders from aiding in Ripple's defence...
12 days agonulltx
Binance Coin Price Prediction and Analysis for July 28th – BNB to End Year at $274
Binance Coin remains a significant player in crypto as one of the highest-utility cryptocurrencies. As the fifth-largest crypto asset by market cap, BNB provides the best alternative to Ethereum’s high gas fees, perfect for projects requiring a high amount of on-chain interaction such as NFT, Metaverse, DeFi, Web3, and other decentralized applications. With the current […] The post Binance Coin Price Prediction and Analysis for July 28th – BNB to End Year at $274 appeared first on NullTX.
13 days agocointelegraph
Ethereum dev confirms Goerli merger date, the final update before the Merge
The Goerli merger requires node operators to update both their consensus layer and execution layer clients in tandem, rather than just one of the two.
13 days agocryptopotato
Is Another $19K Retest Inbound for BTC? (Bitcoin Price Analysis)
Market movements are frequently consisting of two phases – an expansion phase where the price changes sharply in either direction, followed by a correction phase in which the price forms continuation patterns. This analysis aims to examine this structure throughout the ongoing bear market. Technical Analysis By Shayan The Weekly Chart Bitcoin has been descending […]
14 days agocointelegraph
UPenn’s Wharton School rolls out online certificate course on business in the Metaverse
The Ivy League business school will charge $3,800 for a six-week course with over 50 lectures, including guest speakers, that will require 8-10 hours of studying per week.

About Request Network

The live price of Request Network (REQ) today is 0.131673 USD, and with the current circulating supply of Request Network at 999,830,316.04 REQ, its market capitalization stands at 131,650,465 USD. In the last 24 hours REQ price has moved -0.001654 USD or -0.01% while 1,852,729 USD worth of REQ has been traded on various exchanges. The current valuation of REQ puts it at #208 in cryptocurrency rankings based on market capitalization.

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

Request Network Price0.131673 USD
Market Rank#208
Market Cap131,650,465 USD
24h Volume1,603,799 USD
Circulating Supply999,830,316.04 REQ
Max Supply999,877,117 REQ
Yesterday's Market Cap133,355,050 USD
Yesterday's Open / Close0.135032 USD / 0.133378 USD
Yesterday's High / Low0.136425 USD / 0.131631 USD
Yesterday's Change
-0.01% ( 0.001654 USD )
Yesterday's Volume1,852,728.50 USD
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