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Sense(SENSE)

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? SAT
Market Cap (Rank#0)
?
? BTC
Vol 24h
?
? BTC
Circulating Supply
904,883,078
Max Supply
663,636,352
32 days agocoindesk
Blast Ecosystem Sees First Apparent Scam as 'RiskOnBlast' Rug Pulls $1.3M Ether
Blast, in an X post, termed the project’s potential as “undeniable,” which may have created a sense of security among investors.
32 days agonulltx
Smart Trading Strategies And Whale Moves In The Ethereum Market
As Ethereum experienced a pullback, with its price dipping back to $2900, astute observers noted a savvy trader who capitalized on the market movement. The trader sold 7,425 ETH, amounting to $21.8 million, at $2,937 just a few hours ago, showcasing a keen sense of timing. A smart trader sold […]
35 days agocoindesk
The European Central Bank Is Either Lying About Bitcoin or Lying to Itself
ECB Director General Ulrich Bindseil and advisor Jürgen Schaaf are definitely against bitcoin, but their reasons don’t make a lot of sense.
78 days agocoindesk
Making Sense of Web3’s Burgeoning AI Ecosystem
Although the intersection of Web3 and AI has great potential, there is a lot of confusion about this emerging technology in the market today. Mapping out the GPU supply chain, layers of the tech stack, and various competitive landscapes can help investors better understand the ecosystem and make more informed investment decisions, says David Attermann, at M31 Capital.
97 days agocryptopotato
MS Drainer Hackers Thwart AdSense Safeguards, Steal Nearly $59 Million
Yet another wallet drainer has been making the rounds, this time with the help of craftily served advertisements.
127 days agocryptonomist
AI Trading System Scorecard: AlgosOne.ai Review
Another great advantage is the two week, penalty-free trial period, which is long enough to give traders a strong sense of whether AlgosOne is the right AI-based platform for them.
148 days agocryptopotato
Volatility Incoming for ETH Following Consolidation Around $1.8K? (Ethereum Price Analysis)
Technical Analysis By Shayan Ethereum’s recent market activity has introduced a sense of uncertainty, with the price consolidating within a narrow range and lacking a clear direction. The situation becomes pivotal if the price manages to surpass the 200-day moving average, indicating the potential for a significant surge. The Daily Chart Examining the daily chart, […]
150 days agocointelegraph
Terrorist fundraising: Is crypto really to blame?
The industry is reeling as governments, legislators, and even investors ask if its networks are being exploited by terrorists. A sense of proportion may be needed.
167 days agocryptopotato
Everlodge Continues Rising While Cardano (ADA) and Toncoin (TON) Face Price Corrections
Cryptocurrency investors have experienced a period of financial instability in recent times. However, the massive presale success of Everlodge has provided them with a renewed sense of optimism. Experts have also opined that this new project can trigger the next market bull run. On the other hand, cryptocurrencies like Cardano (ADA) and Toncoin (TON) have […]
181 day agocointelegraph
FTX’s $3.4B crypto liquidation: What it means for crypto markets
Bankrupt crypto exchange FTX has been approved to liquidate nearly $3.4 billion worth of crypto assets, creating a sense of panic among crypto investors, but experts say the phased liquidation schedule will ensure market stability.
182 days agocointelegraph
Google and Microsoft-backed AI firm AlphaSense raises $150M at $2.5B valuation
AlphaSense’s client list now includes most of the S&P 500 and nearly every firm listed in the Dow 50.
192 days agocointelegraph
BTC price hits $27.4K as Bitcoin open interest matches Grayscale peak
BTC price gains more than 3% as the week begins, but concerns over open interest "ramping up" almost $1 billion in hours offer a sense of Grayscale deja vu.
197 days agocointelegraph
Californian lawmaker proposes legislation to protect actors from AI clones
Californian Assembly Member Ash Kalra labeled the bill as a “common sense requirement” to help protect the work of actors, artists and entertainers.
211 days agocryptodaily
The King of All Markets: Liquidity
Introduction If financial markets are an ocean, then liquidity is the water. Although definitions of liquidity vary between the availability of cash and the cash itself, one thing is for certain; just as an ocean cannot exist without water, a market cannot function without liquidity. Meanwhile, the flow of liquidity between markets can make or break them. Furthermore, the liquidity of a particular asset, cryptocurrency for example, is an important indicator of their viability as well as an essential element of their tradability. Thus, in financial markets, liquidity truly is king! Understanding Markets: Why Liquidity is King Before jumping into its importance, let us define the concept. Liquidity, in its most fundamental sense, refers to the ease with which an asset can be bought or sold in the market. This tradability often correlates with the availability of the asset and is therefore conflated with the relative quantity of the asset itself. Accordingly, liquidity is discussed in relation to an individual or group allocating their funds to an opportunity in addition to the liquidity of an asset or market itself. Nevertheless, liquidity in both forms is critical, with its importance having been recognised by numerous economists and financial theorists throughout history. For instance, Nobel laureate Eugene Fama highlighted liquidity's role in ensuring that asset prices fully reflect all available information, as stated in his Efficient Market Hypothesis. The concept of liquidity is multifaceted, encompassing aspects such as market depth, immediacy, and tightness. Market depth refers to the exchange’s ability to handle large orders without significant price changes that occur following a trade, known as slippage. Immediacy is the speed at which orders can be executed. Finally, tightness refers to the spread between the bid (purchase) and ask (sale) prices. A market is considered highly liquid if it possesses depth, immediacy, and tight spreads in the order book, allowing for efficient price discovery and minimal transaction costs. In the burgeoning world of decentralised finance (DeFi), liquidity takes on a newfound importance. Liquidity in these markets is often provided by liquidity providers (LPs) who pool their assets in smart contracts. These liquidity pools are used to facilitate trading activities on decentralised exchanges (DEXs), with LPs earning fees in return. The concept of Automated Market Makers (AMMs), pioneered by platforms like Uniswap, hinges on this principle of liquidity provision. The importance of liquidity in these markets cannot be overstated. It is the cornerstone upon which the promise of DeFi - a truly open, inclusive, and efficient financial system - is built. The Role of Liquidity in Driving DeFi Innovation The management of liquidity and the maximisation of capital efficiency have been pivotal in driving the continued innovation of DEXs in the DeFi landscape. As the backbone of DeFi, DEXs have had to constantly evolve and adapt to the challenges posed by the unique characteristics of the crypto market, particularly its volatility and the fragmentation of liquidity. The quest for efficient liquidity management and capital utilisation has led to the development of novel mechanisms and protocols. Uniswap, one of the pioneers of the AMM model, serves as a prime example of this liquidity-driven innovation In its initial iteration, Uniswap V1, the platform introduced the concept of liquidity pools, where users could deposit equal values of ETH and any Ethereum Request for Comment 20 standard token (ERC-20) to create a market. While this model was revolutionary, it had its limitations, particularly in terms of capital efficiency. The 50/50 liquidity provision requirement meant that capital was often underutilised, especially for pairs with significant price disparity. In response to this, Uniswap V2 introduced several improvements, including the ability to create direct pairs between any two ERC-20 tokens, thereby improving capital efficiency. However, the most significant leap came with Uniswap V3, which introduced concentrated liquidity. This feature allows liquidity providers to specify price ranges for their liquidity, thereby maximising capital efficiency. Using this model, LPs can provide liquidity only at price levels where they anticipate trading activity, ensuring they are constantly making use of the liquidity in pools. This innovation has not only improved capital efficiency but reduced slippage, benefiting traders. The evolution of Uniswap and the broader DeFi landscape underscores the critical role of liquidity management and capital efficiency in driving innovation. As the DeFi space continues to mature, the quest for improved liquidity and capital utilisation will undoubtedly continue to shape its trajectory. From the development of more sophisticated AMM models to the integration of cross-chain and layer 2 solutions, the pursuit of liquidity and capital efficiency will remain at the forefront of DeFi innovation. The role of liquidity in driving DeFi innovation is not only significant yet concurrently transformative, shaping the future of finance in profound and novel ways. Taking the Next Step with Elektrik Despite the progress made by protocols such as Uniswap V3, liquidity in web3 is still critically underutilised. While DeFi boasts a number of protocols that offer high levels of capital efficiency, the relatively small amount of liquidity present in the market often causes issues, particularly as it pertains to the cold start problem. At its core, the cold start problem refers to the challenge of launching a new product or service in a market where network effects are prevalent. In such markets, the value of the product or service increases with the number of users, creating a virtuous cycle of growth. However, this also means that when a product or service is first launched, it has little to no value as there are no users yet. Subsequently, at a fundamental level, the cold-start problem can be understood through a question - in an environment where users extract value from the existence of other users, why would the initial wave of users remain in the environment? This problem is faced not only by newly minted protocols aiming to facilitate the liquidity of their own token, but also newly created DEXs looking to establish a base of liquidity providers for trading. Without this base, tokens would be untradable and the DEX would subsequently be rendered ineffective. Hence, the importance of implementing effective measures to foster the highest level of capital efficiency possible becomes clear, DEXs are seeking to overcome the cold-start problem with as little liquidity as possible whereby traders always face a positive experience. Elektrik is one such DEX looking to solve this problem, implementing effective capital efficiency measures to facilitate high volume trading from its inception. Incidentally, this necessitates the adoption of novel and creative mechanisms to attract LPs and manipulate liquidity so that it is always available where needed. While traditional DEXs, such as Uniswap, have taken strides in this regard, Elektrik represents a new wave of DeFi protocols that can achieve more with less liquidity. How Does Elektrik Work? Elektrik is a DEX protocol built on the Lightlink Network. In its first iteration, Elektrik V1, the DEX plans to implement itself as a fork of the revolutionary Uniswap V3 architecture. As a fork of Uniswap V3, Elektrik carries forward the proven AMM model, enhancing it with the unique capabilities and features of the Lightlink network. This AMM model allows users to trade directly with the smart contract on the platform. Users can also become LPs by depositing assets into the liquidity pools and earn fees from the trading activity. This design is intended to provide efficient and flexible trading opportunities for all users. The protocol is built on Lightlink, a layer 2 blockchain secured by Ethereum, purposefully built for Metaverse, NFT, and Gaming applications. By harnessing the power of the Lightlink network, Elektrik is able to offer an efficient and seamless trading experience for its users. Most importantly, Lightlink offers a unique feature referred to as ‘enterprise mode’ which allows organisations to pay a monthly fee, covering its users’ gas costs, to simplify users' experiences when transacting with ERC20 and ERC721 smart contracts, effectively bypassing native gas costs. This feature, combined with Lightlink's low transaction fees and high speed, provides Elektrik with a significant advantage over other DEXs built on more traditional blockchains. Elektrik's design as a Uniswap V3 fork also brings with it a number of benefits. For instance, Elektrik, like Uniswap V3, provides higher capital efficiency compared to its predecessors by allowing liquidity providers to provide liquidity in concentrated price ranges, which, for sophisticated and active LPs, can potentially lead to higher returns. Furthermore, Elektrik supports single-sided liquidity provisioning, enabling LPs to deposit only one type of asset in a trading pair, reducing the risks associated with price fluctuations. In terms of fee structure, Elektrik implements an adaptive fee structure that dynamically adjusts fees based on market conditions and liquidity utilisation. This is achieved through the introduction of multiple fee tiers for each pair: 0.05%, 0.30%, and 1.00%. These options allow LPs to adjust their margins based on the expected volatility of the pair. For example, LPs can choose to take on more risk with non-correlated pairs like ETH/DAI, or minimal risk with correlated pairs like USDC/DAI, and select the fee tier that best compensates them for this risk. This ensures competitive fees for users while maintaining incentives for liquidity providers. By adapting fees to market conditions, Elektrik aims to promote efficient market participation and attract liquidity. Moreover, Elektrik introduces enhanced capital efficiency by utilising multiple fee tiers within liquidity pools. Liquidity providers can allocate their funds to different fee tiers, optimising their capital allocation and earning potential. This feature encourages efficient capital deployment and enables liquidity providers to maximise their returns. Understanding Elektrik V2’s Liquidity Model Although Elektrik is initially being released via the aforementioned Uniswap V3 model, Elektrik V2 plans to implement an innovative AMM. The Elektrik V2 platform represents a significant advancement in the realm of decentralised exchanges, distinguished by its incorporation of abstracted AMM, Artificial Intelligence (AI), Reinforced Learning (RL), and dynamic smart contracts. Central to Elektrik's proposition is its commitment to capital efficiency, ensuring that liquidity is not merely present but is deployed judiciously for optimal trading outcomes. The Dynamic Liquidity Provision (DLP) mechanism is pivotal in this regard, meticulously adjusting liquidity with each block on the LightLink network to meet the precise requirements of liquidity providers. While Elektrik V1 allows for LPs to add liquidity to particular price ranges, Elektrik V2 harnesses the power of AI to anticipate and modulate liquidity in the inherently unpredictable cryptocurrency market. While conventional AI models may falter in such volatile environments, Elektrik's model is characterised by its dynamic adaptability. It undergoes continuous training on a diverse array of data, both internal to Elektrik and from external sources, ensuring its models remain contemporaneous and pertinent. This perpetual refinement is instrumental in ensuring that liquidity is judiciously allocated, responding adeptly to market fluctuations and safeguarding optimal trading conditions. The decision-making prowess of this AI is further enhanced by the principles of Reinforcement Learning (RL). To elaborate, RL operates on a paradigm wherein the system discerns optimal actions through a process of iterative trial and error. Within Elektrik's operational framework, RL assists in determining the most efficacious deployment of liquidity, harmonising the dual objectives of return maximisation and risk minimization. By synergizing dynamic AI with RL, Elektrik underscores its commitment to the judicious management of liquidity, thereby promising an unparalleled trading experience driven by precision and efficiency. Comparing Elektrik to the Competition Since 2021, the DEX landscape has been dominated by Uniswap V2-style DEXs, with many implementing the tried-and-tested x * y = k algorithm and spreading liquidity evenly across all price ranges. This can lead to inefficiencies, especially those associated with use of capital. If liquidity is dispersed across all price ranges, each pool will require a larger amount of liquidity to facilitate the same amount of volume. Consequently, more trading fees are dispersed to a greater number of parties and traders must be charged higher fees in order to provide LPs with the same level of yield. With the advent of Uniswap V3 in 2022, the DEX landscape has likewise undergone a subsequent evolution, with concentrated liquidity models becoming increasingly prevalent in DeFi. Nevertheless, these types of models often require manual rebalancing of liquidity or custom automated strategies by LPs, which can be relatively inefficient. Thus, even the relatively recent AMM models possess inherent flaws with regards to their management of idle liquidity that make them ineffective solutions when compared to next generation AMMs such as that implemented by Elektrik V2. Elektrik V2 and similar DEXs will offer far greater flexibility than their contemporaries. The greater capital efficiency facilitated by the continuous rebalancing and concentration of liquidity will allow protocols to handle high volume trading with relatively insignificant liquidity. Thus trading fees for users can be reduced and those which are earned can be dispersed between fewer LPs, providing incentives for the participation of users and LPs alike. Another key advantage of an automatic liquidity rebalancing model is the potential reduction in impermanent loss. Impermanent loss is a risk faced by LPs in traditional AMMs when the price of the assets in a pool diverges. By automatically adjusting liquidity to follow price movements, a DEX implementing this model can ensure that a LP’s liquidity is never concentrated in one side of a pool, mitigating the effects of impermanent loss. This means LPs are less likely to be holding the wrong asset when prices change, which can lead to more stable and predictable returns. Notably, this model does possess some inherent challenges, particularly associated with the potential incorporation of machine learning for liquidity rebalancing. After all, if the AI makes an incorrect judgment, then the actual price range will have less liquidity than if the prediction were correct. However it is important to note that any particular price range would never be completely devoid of liquidity due to the use of a price weighting model by the AI, which allocates liquidity to certain price ranges depending on the likelihood that the price will be achieved. Furthermore, the learning curve for LPs in actually understanding and grasping this system may pose some challenges to adoption. Nevertheless, these challenges can be solved via frequent rebalancing and user interface abstraction for a more seamless user experience. Conclusion The very definition of liquidity as the ability to quickly and effortlessly buy or sell assets, is the essence of a functional market, be it the financial markets at large or the intricate DeFi space. Its influence extends throughout history, where liquidity has ruled the dynamic and ever-evolving landscape of markets and as we have found, continues to influence the modern financial system - even in the context of DeFi. Therefore, it's evident that DeFi markets, such as Elektrik, which foster liquidity and allocate it efficiently, are likely to remain at the forefront of their respective industries. Therefore, it's evident that DeFi markets, such as Elektrik, which foster liquidity and allocate it efficiently, are likely to remain at the forefront of their respective industries. Consequently, as one of the principal determinants of market and asset success, liquidity, as championed by platforms such as Elektrik, will continue to drive innovation, incentivize adoption, and remain paramount in financial markets. 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.
211 days agocryptodaily
Poor Peter Schiff still doesn’t get bitcoin
Peter Schiff took to Twitter to assure his followers that bitcoin adoption was not imminent and that a gambling use case would not be good enough either. Schiff scathing of Grayscale success Success for Bitcoin is absolute anathema to Peter Schiff. He has staked much of his reputation on Bitcoin just being a passing fancy and whenever anything happens to the contrary he heads straight to Twitter to give his anti-bitcoin views. When CNBC talking heads made the case that the recent victory for Grayscale over the SEC would likely lead to a momentum shift in the bitcoin price, Schiff took to Twitter to give his views on the subject. Once again the #Bitcoin shills on @CNBC have it wrong. A spot Bitcoin ETF does nothing to increase adoption. All it does is make it easier for some speculators to place directional bets on price. CNBC shills don't realize that gambling doesn't count as a use case for a currency. — Peter Schiff (@PeterSchiff) August 29, 2023 Gambling Schiff really has the bit between his teeth as he accuses speculators of “gambling” on bitcoin’s price direction. Of course, he is right in some respects here, as there are also others who do not yet understand what bitcoin offers over and above short term price movements. To gamble on bitcoin moving up or down when good or bad news drops is one thing, but Schiff does not mention the 75% or so of long term holders who haven’t sold anything in the last year, in spite of bitcoin visiting its cycle lows. Entrenched views Poor Peter has dug himself into a bit of a hole now with Bitcoin. Known as quite an eminent economist and financial analyst, Schiff has always been 100% against Bitcoin. Initially treating it as a bit of a joke, and more recently becoming more vehement in his dislike of the asset. Many might wonder how Schiff is still so entrenched in his views when even the likes of multi-trillion asset management Blackrock CEO Larry Fink is extolling the virtues of the king of the cryptocurrencies. Gold, not Bitcoin The answer is probably quite straightforward. Bitcoin takes the spotlight and much of the wealth away from what is dear to Schiff’s heart, and that is gold. Schiff’s business is gold, and with an economic catastrophe looming on the horizon, he would expect many to put their wealth into this proven hedge in the very worst times in monetary history. When realisation hits Bitcoin is probably becoming an irritating distraction to Schiff, and instead of acknowledging that it is an alternative asset to gold and just buying both, Schiff is bent on propagating the somewhat silly view put out by certain bankers and heads of global financial agencies that Bitcoin has no intrinsic value. Just like a staunch, fully paid-up member of the Flat Earth Society, Schiff looks as though he is going to tough it out no matter what. When bitcoin gets to its cycle top at a potential $100k and then enters the next bear market, he will say: “I told you so”. When Schiff comes to the full realisation that he has been wrong all this time it will be very interesting to see how he reacts. He does have a good sense of humour, and will need to call on it when the time comes. 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.
213 days agocryptodaily
HashKey Exchange Set to Launch Today Amidst High Anticipation
In a significant move for the crypto community, HashKey Exchange, Hong Kong's premier licensed retail cryptocurrency platform, is all set to make its grand debut today, 28 August. Regulatory success This groundbreaking development comes as the exchange has successfully navigated the regulatory landscape, securing its position under the watchful eyes of the Securities and Futures Commission of Hong Kong (SFC). The real advantages for the HashKey Exchange is its collaboration with leading banks, and the granting of type 1 and type 7 licences, which will enable it to operate as a virtual asset trading platform, and be able to provide services to not only professional, but also retail investors. To further enhance user engagement and foster a sense of community, HashKey Group has rolled out HashKey Ecological Points (HSK). These points serve as incentives, rewarding both users and partners within the HashKey ecosystem. From accessing unique features and enjoying transaction fee discounts to availing exclusive benefits on the HashKey platform, HSK points promise a plethora of advantages. Promotional events In celebration of its launch, HashKey Exchange is running an ongoing series of promotional events. New registrants during the event period will be greeted with a mystery box, which can be unlocked after completing identity verification. Moreover, professional clients who complete their verification within the event time frame stand a chance to bag a generous 500 HSK package. But that's not all. HashKey Exchange is offering a zero trading fee policy for spot trading, ensuring all users can engage in transactions without any additional costs. For those interested in API trading, there's an enticing reward event on the horizon, with trading volumes and rankings determining the chance to win a huge 300,000 HSK grand prize. As September rolls in, newcomers to the platform can look forward to a starter pack, allowing them to earn HSK rewards by completing beginner tasks. Additionally, a trading rewards bonanza is in the pipeline, where trades equivalent to $10,000 will fetch customers 10 HSK. 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.
213 days agocryptodaily
HashKey Exchange Set to Launch Today Amidst High Anticipation
In a significant move for the crypto community, HashKey Exchange, Hong Kong's premier licensed retail cryptocurrency platform, is all set to make its grand debut today, 28 August. Regulatory success This groundbreaking development comes as the exchange has successfully navigated the regulatory landscape, securing its position under the watchful eyes of the Securities and Futures Commission of Hong Kong (SFC). The real advantages for the HashKey Exchange is its collaboration with leading banks, and the granting of type 1 and type 7 licences, which will enable it to operate as a virtual asset trading platform, and be able to provide services to not only professional, but also retail investors. To further enhance user engagement and foster a sense of community, HashKey Group has rolled out HashKey Ecological Points (HSK). These points serve as incentives, rewarding both users and partners within the HashKey ecosystem. From accessing unique features and enjoying transaction fee discounts to availing exclusive benefits on the HashKey platform, HSK points promise a plethora of advantages. Promotional events In celebration of its launch, HashKey Exchange is running an ongoing series of promotional events. New registrants during the event period will be greeted with a mystery box, which can be unlocked after completing identity verification. Moreover, professional clients who complete their verification within the event time frame stand a chance to bag a generous 500 HSK package. But that's not all. HashKey Exchange is offering a zero trading fee policy for spot trading, ensuring all users can engage in transactions without any additional costs. For those interested in API trading, there's an enticing reward event on the horizon, with trading volumes and rankings determining the chance to win a huge 300,000 HSK grand prize. As September rolls in, newcomers to the platform can look forward to a starter pack, allowing them to earn HSK rewards by completing beginner tasks. Additionally, a trading rewards bonanza is in the pipeline, where trades equivalent to $10,000 will fetch customers 10 HSK. 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.
213 days agocryptodaily
dYdX Founder: Crypto Industry Should “Give Up” On US Markets
dYdX founder Antonio Juliano has suggested that the crypto space should “give up” on the US markets for the next five to ten years and focus on other markets. Juliano argued that crypto projects could scale faster by not serving the US markets because they would not have to deal with a hostile regulatory climate. Prioritize Markets Outside The US In a thread posted on X on the 25th of August, Juliano put forward his argument that builders in the crypto space must look to prioritizing markets and customers outside of the United States. He added that doing so will ensure the project’s growth, given that developers will face fewer regulatory hurdles and will be able to focus on user adoption and platform growth. Juliano primarily addressed startup projects rather than fully established players and emphasized that they could scale faster overseas in friendlier markets. “Crypto builders should just give up serving US customers for now and try to re-enter in 5-10 years. It’s not really worth the hassle/compromises. Most of the market is overseas anyway. Innovate there, find PMF [product market fit], then come back with more leverage. The only thing that matters for all of us is crypto finding 10x stronger product market fit.” He further added, “In the grand scheme of things, barely anyone uses or cares about crypto today. I personally don’t care about any outcome except growing crypto 100x+ long term.” Lack Of Clear Rules A Major Concern Many in the crypto space have stated that the United States needs more clarity when it comes to rules and regulations around crypto. A key example of this need for more clarity is the gray area surrounding the jurisdiction of the United States Securities Exchange (SEC) and the Commodity Futures Trading Commission (CFTC) over the crypto space. The United States government has continued to drag its heels on crypto regulations, and the dYdX founder has suggested that the crypto space needs to grow further in order to have greater sway over US policy. Juliano argued that it makes more sense for startups and builders to focus on finding product market fits overseas before returning to the US with the added leverage of large user bases. “This does not mean crypto US policy work is not important. It absolutely is, as it takes a really long time (must be ready for the re-entry), and much of the world will follow the US’s lead. Crypto not yet having world-scale usage/product market fit means we don’t yet have much influence in policy. We need to have products with massive usage where users (voters) say, ‘wait, I need this.’” A Different Perspective The CEO of Coinbase, Brian Armstrong, responded to the post and offered a different perspective to the argument. Armstrong struck a much more optimistic note, stating that the situation would get better in due time. “I see your point - but I think it will be better in a much shorter time. Probably by next year, if I had to guess. The US always gets it right after exhausting every other option. It will heal from these wounds, no matter how hard a small group of people try to stop progress.” Antonio responded with similar optimism but highlighted in his reply that the situation is different for fully scaled businesses and startups. “I’m optimistic! And we’re helping our small part with policy, too. I just think it’s different for startups vs. scaled businesses. If you haven’t yet found a strong product market fit, the tradeoff to move faster & more freely seems worth the somewhat smaller market size.” Wintermute CEO Evgeny Gaevoy also chimed in, agreeing with Juliano’s view, stating things would get better in 2-3 years, or never if not. Lack Of Regulatory Clarity Hurting US The ambiguity regarding regulations only hurts the US markets as big crypto firms look at other markets with regulatory clarity. Coinbase has made several efforts to influence crypto policy in the US. However, the firm is also expanding its global footprint, establishing operations in Ireland, Germany, the Netherlands, and Italy. Additionally, it is also considering a permanent move to the UK or Dubai. Binance, the world’s largest cryptocurrency exchange, is also attempting to be regulated in the UK. This comes despite the UK regulator issuing a ban on the 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.
213 days agocryptodaily
dYdX Founder: Crypto Industry Should “Give Up” On US Markets
dYdX founder Antonio Juliano has suggested that the crypto space should “give up” on the US markets for the next five to ten years and focus on other markets. Juliano argued that crypto projects could scale faster by not serving the US markets because they would not have to deal with a hostile regulatory climate. Prioritize Markets Outside The US In a thread posted on X on the 25th of August, Juliano put forward his argument that builders in the crypto space must look to prioritizing markets and customers outside of the United States. He added that doing so will ensure the project’s growth, given that developers will face fewer regulatory hurdles and will be able to focus on user adoption and platform growth. Juliano primarily addressed startup projects rather than fully established players and emphasized that they could scale faster overseas in friendlier markets. “Crypto builders should just give up serving US customers for now and try to re-enter in 5-10 years. It’s not really worth the hassle/compromises. Most of the market is overseas anyway. Innovate there, find PMF [product market fit], then come back with more leverage. The only thing that matters for all of us is crypto finding 10x stronger product market fit.” He further added, “In the grand scheme of things, barely anyone uses or cares about crypto today. I personally don’t care about any outcome except growing crypto 100x+ long term.” Lack Of Clear Rules A Major Concern Many in the crypto space have stated that the United States needs more clarity when it comes to rules and regulations around crypto. A key example of this need for more clarity is the gray area surrounding the jurisdiction of the United States Securities Exchange (SEC) and the Commodity Futures Trading Commission (CFTC) over the crypto space. The United States government has continued to drag its heels on crypto regulations, and the dYdX founder has suggested that the crypto space needs to grow further in order to have greater sway over US policy. Juliano argued that it makes more sense for startups and builders to focus on finding product market fits overseas before returning to the US with the added leverage of large user bases. “This does not mean crypto US policy work is not important. It absolutely is, as it takes a really long time (must be ready for the re-entry), and much of the world will follow the US’s lead. Crypto not yet having world-scale usage/product market fit means we don’t yet have much influence in policy. We need to have products with massive usage where users (voters) say, ‘wait, I need this.’” A Different Perspective The CEO of Coinbase, Brian Armstrong, responded to the post and offered a different perspective to the argument. Armstrong struck a much more optimistic note, stating that the situation would get better in due time. “I see your point - but I think it will be better in a much shorter time. Probably by next year, if I had to guess. The US always gets it right after exhausting every other option. It will heal from these wounds, no matter how hard a small group of people try to stop progress.” Antonio responded with similar optimism but highlighted in his reply that the situation is different for fully scaled businesses and startups. “I’m optimistic! And we’re helping our small part with policy, too. I just think it’s different for startups vs. scaled businesses. If you haven’t yet found a strong product market fit, the tradeoff to move faster & more freely seems worth the somewhat smaller market size.” Wintermute CEO Evgeny Gaevoy also chimed in, agreeing with Juliano’s view, stating things would get better in 2-3 years, or never if not. Lack Of Regulatory Clarity Hurting US The ambiguity regarding regulations only hurts the US markets as big crypto firms look at other markets with regulatory clarity. Coinbase has made several efforts to influence crypto policy in the US. However, the firm is also expanding its global footprint, establishing operations in Ireland, Germany, the Netherlands, and Italy. Additionally, it is also considering a permanent move to the UK or Dubai. Binance, the world’s largest cryptocurrency exchange, is also attempting to be regulated in the UK. This comes despite the UK regulator issuing a ban on the 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.
216 days agocryptopotato
New Memecoin SINU Aims to Attract SHIB Whales
[PRESS RELEASE – Dubai, UAE, August 25th, 2023] Sensei Inu, a new memecoin, has launched its presale and onchain analysis suggests that SHIB whales could be claiming their share. Whales exiting SHIB may have found a new diamond in the rough whose compelling tokenomics make it one to watch. Sensei Inu (SINU) aims to challenge […]
217 days agocryptodaily
Equation Announces Its Pre-launch in September, ReDeFining Perpetual Trading with BRMM Mode
Equation, a pioneering decentralized perpetual protocol, is set to revolutionize perpetual trading with its groundbreaking BRMM model and commitment to fairness through a complete Fairlaunch approach. Founded by experienced crypto trader 0xfermat, the project aims to redefine the trading experience by prioritizing user demands and delivering a seamless, transparent, and trustless environment. With its upcoming pre-launch in September, Equation is poised to offer traders and Liquidity Providers (LPs) up to 200x leverage, access to near-unlimited liquidity, and enhanced capital efficiency on the Arbitrum network. Visionary Origins Equation's journey began with its visionary founder, known as "0xfermat" across social networks. Previously, he served as an algorithm engineer at a prominent algorithm-driven company and later founded a financial technology company offering insurance actuarial and risk management solutions for banks and enterprises. Subsequently, he ventured into the world of cryptocurrency as a professional trader. The impact of the FTX event on his life and finances led 0xfermat to make a crucial decision. He resolved to establish a fully decentralized on-chain protocol, aiming to combat the infringements on market and individual rights caused by centralized exchanges and "dictators". Undertaking the creation of Equation's underlying protocol single-handedly, 0xfermat has been instrumental in shaping the project's foundation. With a strong belief in decentralization, anonymity, and open-source architecture, 0xfermat steered Equation towards becoming a community-driven initiative. Operating as a DAO, the team consists of skilled individuals with robust technical backgrounds and superior trading expertise. Embracing the decentralized ethos, Equation's team members maintain anonymity, ensuring a level playing field for all participants. Fairlaunch Principle Equation’s token emission will strictly adhere to Fairlaunch principle, eschewing institutional investors for mining-based token generation. This approach aligns with its commitment to fairness and equal opportunities for all participants. Token holders will not only have a voice in community governance but can also stake their tokens to earn a share of the protocol's fee distribution, fostering a sense of ownership and providing long-term incentives for engagement. This community-driven approach strengthen the protocol's foundation and ensure a fair and inclusive ecosystem for all. Innovative BRMM Model Equation has pioneered the Balance Rate Market Maker (BRMM), an innovative Automated Market Maker (AMM) model, especially tailored for the perpetual contract market. Thanks to BRMM, Equation can offer traders and liquidity providers (LPs) unprecedented leverage of up to 200x. Traders can access larger positions and near-unlimited liquidity. Simultaneously, LPs benefit from enhanced capital efficiency, creating a win-win situation for all participants. Diverging from traditional spot market AMMs, BRMM adopts a unique mechanism centered around the balance rate of the liquidity pool, which results in more efficient price discovery and expanded market-making opportunities. In the BRMM model, liquidity providers (LPs) willingly accept the risk of temporary and manageable liquidity pool imbalances in exchange for the platform's generous fee income. This ingenious approach empowers LPs to participate in market-making flexibly, providing deeper capital pool depth and ensuring traders benefit from a more stable trading experience. By introducing BRMM, the perpetual contract market has witnessed heightened liquidity and improved price discovery functionalities, all while safeguarding the interests of LPs. This novel AMM model is anticipated to accelerate the perpetual contract market's growth, ushering in greater innovations and opportunities within decentralized finance (DeFi). Quote "I launch Equation because I want to redefine perpetual trading by delivering a seamless, transparent, user-friendly trading experience, prioritizing user demands and streamlining a clear interface with minimal process. Equation is committed to providing a trustless transaction environment that enables users to achieve financial freedom." — 0xfermat, Founder of Equation Closing The upcoming pre-launch for Equation in September brings anticipation and excitement, as traders and LPs gear up to experience the next level of perpetual trading on the Arbitrum network. Join Equation on its journey to redefine the trading landscape and unlock new opportunities in the crypto space. About Equation Equation is a decentralized perpetual protocol built on Arbitrum. With its innovative BRMM model, Equation provides both traders and Liquidity Providers (LPs) with up to 200x leverage, enabling traders to access larger positions and near-unlimited liquidity while enhancing capital efficiency for LPs. Being one of the pioneering trader-oriented DeFi protocols, Equation stands as a testament to the power of community-driven innovation in shaping the future of decentralized finance. It prioritizes security and transparency, providing traders with a reliable and secure environment for perpetual trading participation. Media Contact Company: EquationDAO Contact: Equation Media Team Team Email: [email protected] Website: https://www.equation.org/ Twitter: https://twitter.com/EquationDAO Medium: https://medium.com/@EquationDAO Discord:discord.gg/ywFrewsxBH Telegram:https://t.me/EquationDao 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.
217 days agocryptodaily
Former Corrections Officer Faces SEC Action For Crypto Scam
The Securities and Exchange Commission has charged a former corrections officer from New Jersey for his role in a bizarre cryptocurrency scam. The SEC has alleged that John A. DeSalvo allegedly solicited ICO money and specifically targeted police officers and first responders. A Bizarre Scam The charges were announced on the 23rd of August by the United States Securities and Exchange Commission (SEC). According to the announcement, Desalvo was allegedly able to raise an amount of $623,388 from over 220 investors by selling an unregistered token called the Blazar token between November 2021 and May 2022. Blazar told his unsuspecting investors that Blazar would be replacing traditional state pension systems for police, paramedics, and firefighters and give them staggering returns. DeSalvo allegedly told investors, “Blazar Token is the first token or coin that is able to be purchased through payroll deduction every week. It will be taken out of one’s weekly earnings pretax similar to payment into a pension, 401k, IRA, or any other retirement savings plans.” The Securities and Exchange Commission also alleged that DeSalvo falsely claimed that the Blazar token was registered and approved by the SEC despite never being registered with the regulatory body. He also told investors that there was an initial lock-up period for insiders. He then sold 41 billion Blazar tokens, which were worth around $50,000 at the time, when the token debuted on the PancakeSwap decentralized exchange in May 2022. While investors were barred from selling their tokens, DeSalvo was busy selling his. Just weeks after debuting on PancakeSwap, the Blazar token lost 99.9% of its value. The SEC explained, “DeSalvo’s massive volume of sales placed downward pressure on the Blazar Token’s trading price and drained PancakeSwap of the majority of its liquidity in the investment, resulting in its collapse and substantial investor losses.” DeSalvo Abused Position Of Trust DeSalvo ended up misusing investor funds, sending all the money to crypto wallets owned by him. He also paid for work on a home. Regulatory authorities added that DeSalvo took advantage of his position as an officer, gaining investors’ trust and promoting his fraud investment. DeSalvo now faces civil charges for violating securities laws, while prosecutors have also filed criminal charges. The chief of the Crypto Assets and Cyber Unit in the SEC’s Division of Enforcement, David Hirsch, stated, “Our complaint alleges a brazen affinity fraud that preyed on retail investors’ trust and sense of community. Too often in crypto, we see promoters perpetrate familiar frauds in shiny new wrappers by making claims that are difficult for investors to independently verify. Registering the offer and sale of securities enables critical oversight and improves disclosures to investors.” Not The First Fraud By DeSalvo An official from the Securities and Exchange Commission called the DeSalvo case particularly offensive. This is because his scheme exploited first responders who trusted DeSalvo, thanks to his law enforcement background. DeSalvo had orchestrated another scheme in 2021, where he used social media to recruit investors for a stock and crypto trading venture. DeSalvo was able to trick 17 investors during the scheme, managing to raise $95,000. DeSalvo then put the funds in a brokerage account but ended up losing $17,000, making several risky trades. He then misappropriated the remaining funds and, to cover his tracks told investors that their assets had become worthless due to prevailing market conditions. SEC’s Recent Activities The Securities and Exchange Commission, on its part, reiterated that it would continue to pursue crypto scams and those that fail to register securities. Just this week, the SEC charged Titan Global Management with securities violations. The market regulator alleged that the firm misled investors by misrepresenting performance metrics and slapped a $850,000 fine. It has also taken action against Crowe UK LLP, a London-based, pro-crypto audit firm, over its audit of music streaming service Akazoo. Nigel Bostock, CEO of the firm, along with senior auditor Matthew Stallabrassm, were also implicated for their role in the audit. However, it isn’t all doom and gloom, as it emerged earlier this month that the SEC was set to greenlight the first exchange-traded fund (ETF) based on ETH futures, marking a big win for crypto. 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
220 days agocryptodaily
Lady Pepe (LPEPE) Is Now Available for Trading on LBank Exchange
Road Town, BVI, August 21st, 2023, Chainwire LBank Exchange, a global digital asset trading platform, listed Lady Pepe (LPEPE) on August 18, 2023. For all users of LBank Exchange, the LPEPE/USDT trading pair is now officially available for trading. LPEPE is a meme coin devoid of any intrinsic value or prospects for financial gain, serving purely as a pointless and entertaining digital asset. Introducing Lady Pepe LBank Exchange is thrilled to announce the listing of Lady Pepe (LPEPE), a meme coin devoid of any intrinsic value or prospects for financial gain, serving purely as a pointless and entertaining digital asset. Lady Pepe, often symbolized as LPEPE, has swiftly captured the admiration of a passionate and engaged community. The character of Lady Pepe exudes a need for attention and affection, fostering a unique bond between the digital token and its enthusiasts. The project centers around the release of distinct card packs, which enthusiasts can collect, enhancing the interactive dimension of the Lady Pepe experience. Notably, the diverse and enthusiastic community eagerly anticipates the integration of new members into the ever-evolving Lady Pepe narrative. The journey of Lady Pepe is delineated through a well-defined roadmap spanning three pivotal phases. In the initial phase, the emphasis is on constructing a robust foundation, commencing with the creation of the project's smart contract. This phase extends to crafting an intuitive and informative website that serves as a hub for enthusiasts to gather and engage. The establishment of a strong community forms a cornerstone of this phase, exemplified by the envisioned LPEPE Airdrop Event, designed to enhance user participation and foster a sense of ownership. Transitioning to the second phase, the focus gracefully shifts towards expanding the reach of Lady Pepe. A key milestone within this phase involves securing a listing for the LPEPE coin on a prominent cryptocurrency exchange (CEX). This strategic move is poised to widen the project's visibility, making it more accessible to potential holders and users. Simultaneously, efforts will be invested in attracting and retaining LEPE holders, nurturing a loyal base of supporters. Telegram marketing campaigns will play an integral role in disseminating the project's ethos and value proposition. The crescendo of the roadmap culminates in Phase 3, characterized by a fervent celebration of community engagement. An array of Lady Pepe-focused events will invigorate the project's ecosystem, fostering camaraderie among participants. The ambitious goal of attaining 5,000 holders and an equivalent number of Telegram members signifies a collective aspiration to create a robust and thriving community. Lady PEPE emerges as more than a digital token; it's a testament to the power of shared narratives and the allure of community-driven endeavors. As the project advances through its roadmap, the fervor of the community and its penchant for storytelling propel Lady PEPE's evolution into a distinctive and endearing digital experience. About LPEPE Token Based on BEP20, LPEPE has a total supply of 9 billion (i.e. 9,000,000,000). It was listed on LBank Exchange at 7:00 UTC on August 18, 2023, investors who are interested in LPEPE can easily buy and sell it on LBank Exchange now. Learn More about LPEPE Token: Official Website | Twitter | Telegram | Contract About LBank LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute to the global adoption of cryptocurrencies. Start Trading Now: lbank.com Community & Social Media:Telegram lTwitter lFacebook lLinkedIn lInstagram lYouTube Press contact: [email protected]
220 days agocryptodaily
Shiba Memu Ignites the Crypto World: $2M Presale Surge as Meme Coin Races Towards Listing
London, United Kingdom, August 21st, 2023, Chainwire Shiba Memu, a dynamic new cryptocurrency meme coin supported by AI, is causing a stir as its presale surpasses the impressive $2 million fundraising milestone. This remarkable achievement was further spurred by the recent news it would list on BitMart, a renowned crypto exchange, all within the first month of the presale's launch. The inception of the Shiba Memu AI stems from the team's previous experiences with exorbitant marketing agency fees. This motivated Shiba Memu to develop a self-promoting AI solution capable of adapting to various practical applications. Presently at $0.021700 per token, Shiba Memu's price experiences scheduled increments every 24 hours due to the team's well-crafted smart contract. This mechanism is particularly appealing to presale supporters, as it ensures that the token purchase price remains lower than the eventual listing price on exchanges. For instance, if purchased today at $0.021700, the increase by the end of the 60-day presale would amount to 10%. Those interested can acquire SHMU tokens via the official Shiba Memu website. The Surge of Shiba Memu: Unleashing AI Potential Shiba Memu's remarkable success can be attributed to its untapped AI potential. In its nascent stages, the AI employs Natural Language Processing (NLP) and Sentiment Analysis to scour the web, primarily focusing on social platforms, for mentions of Shiba Memu. It tailors its promotions accordingly, transforming the brand from a simple cute dog meme to an amusing and engaging one, infused with a sharp sense of humor. The project's forthcoming AI dashboards scheduled for Q4 further stimulate investor interest in meme coins with tangible utility. The project's tokenomics demonstrate a robust structure, with 85% of tokens allocated to the presale, 10% to exchange listing liquidity, and 5% to development. This allocation empowers SHMU holders to actively participate in the future development of the dApp. Crypto Community Propels Shiba Memu's Soaring Engagement In the recent video shared by influencer, CryptoPRNR, Shiba Memu was featured among the top four cryptocurrencies predicted to perform well in the next bull run. Additionally, Shiba Memu was also showcased as the best meme coin to buy in 2023 on investing website Invezz.This recognition highlights the project's strategic advancements and AI-driven capabilities, solidifying its position as a competitive player in the crypto market. The inclusion of Shiba Memu in this selection also reflects the growing interest and attention directed towards AI-powered crypto projects within the broader cryptocurrency community. The Shiba Memu presale is approaching its closing date on the 1st of September. At this juncture, the price is set to reflect an increase of 119% from its launch price, moving from $0.011125 to $0.024400. About Shiba Memu Shiba Memu (SHMU) is a fresh dog-themed crypto meme coin that supports a platform utilizing AI to promote itself and generate buzz in online communities. This technology is poised to gain traction within the blockchain industry in the coming years, establishing Shiba Memu's position as an industry innovator. The innovative AI technology behind the project demonstrates true innovation in the meme coin sector, offering small and medium-sized businesses access to effective marketing solutions that could significantly cut costs and provide a competitive advantage. To learn more, or to buy SHMU, visit: Website | Whitepaper | Socials Contact Shiba Memu TeamShiba [email protected]

About Sense?

The live price of Sense (SENSE) today is ? USD, and with the current circulating supply of Sense at 904,883,078 SENSE, its market capitalization stands at ? USD. In the last 24 hours SENSE price has moved ? USD or 0.00% while ? USD worth of SENSE has been traded on various exchanges. The current valuation of SENSE puts it at #0 in cryptocurrency rankings based on market capitalization.

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

Sense Price? USD
Market Rank#0
Market Cap? USD
24h Volume? USD
Circulating Supply904,883,078 SENSE
Max Supply663,636,352 SENSE
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