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SingularityNET_old price, market cap on Coin360 heatmap


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1h agocointelegraph
How stable are stablecoins in the FTX crypto market contagion?
The collapse of crypto-exchange FTX hit the crypto world like a tropical storm. It bears asking once again: How stable are stablecoins?
12h agocointelegraph
Calls for regulation get louder as FTX contagion continues to spread
The FTX saga has made some crypto executives, researchers, analysts, and politicians more aligned on regulation than ever.
17h agocoindesk
Crypto Markets Today: BlockFi Files for Bankruptcy Protection, MakerDAO Rejects $500M Proposal to Invest in Bonds and BTC Slides
Crypto prices dived amid continued market contagion triggered by the FTX collapse earlier this month. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.
19h agocoindesk
Wrapped Bitcoin Trades at Discount Amid Market Contagion
WBTC’s discount dropped as low as -1.5% as questions swirled over whether WBTC is fully backed. Custodian BitGo later clarified that it is.
21h agocryptodaily
Crypto Lender BlockFi Files for Chapter 11 Bankruptcy
Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection in the United States on Monday, just days after suspending withdrawals amid the fallout from FTX. The FTX contagion has claimed another victim. Crypto lender and financial services firm BlockFi filed for Chapter 11 bankruptcy on Monday, making it the latest firm in the crypto industry to have suffered under the implosion of Sam Bankman-Fried’s crypto empire. In an official announcement, the New Jersey-based company said it “will focus on recovering all obligations owed to BlockFi,” but that “recoveries from FTX will be delayed” due to the ongoing bankruptcy proceeding at the exchange. Mark Renzi of Berkeley Research Group, the company’s financial advisor, said: With the collapse of FTX, the BlockFi management team and board of directors immediately took action to protect clients and the Company. Adding, “From inception, BlockFi has worked to positively shape the cryptocurrency industry and advance the sector. BlockFi looks forward to a transparent process that achieves the best outcome for all clients and other stakeholders.” BlockFi became financially entangled with FTX in June when the exchange agreed to provide the company with a $400 million credit line, which BlockFi’s CEO, Zac Prince, said would provide “access to capital that further bolsters our balance sheet. The credit line also meant that FTX go the option the buy BlockFi. The company made the decision to extend the line of credit roughly a week after it had cut staff by around 20% citing “the dramatic shift in macroeconomic conditions worldwide.” FTX also bailed out the Liquid Group in August 2021 with a $120 million loan after it was hacked to the tune of $90 million. FTX in May 2022 proceeded to acquire Liquid which also suspended withdrawals on November 15 and has yet to reopen them. The agreement however meant that the two firms became financially involved and the fall of FTX cast uncertainty over the future of all those involved with it. Revelations have been coming to pass after the exchange declared bankruptcy and CEO Sam Bankman-Fried resigned from his position. Allegations of corporate missteps and suspicious management of customers' funds have been purported. After only a couple of days of FTX’s collapse, BlockFi suspended withdrawals, saying that it had “significant exposure” to FTX, including undrawn amounts from the credit line and assets held on the FTX platform. 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 agocoindesk
BlockFi Files for Bankruptcy as FTX Contagion Spreads
BlockFi filed for bankruptcy days after suspending withdrawals last week. FTX had extended a $400 million line of credit to the lender earlier this year.
1 day agocryptodaily
VRJAM Announces The Initial Exchange Offering Of Its Revolutionary Metaverse Currency, Vrjam Coin
London, United kingdom, 28th November, 2022, ChainwireVRJAM, the leading platform for Web3 live events, today announced the launch of its revolutionary new digital currency VRJAM Coin will IEO on the 30th of November via exchanges and MexC. VRJAM’s and metaverse crypto-coin is currently valued at $US40M and has attracted investment from 15 of the world's leading web3 focussed VC’s and investors. VRJAM first came to market with an ‘alpha state’ product in 2019 and then bootstrapped the business for 4 years, producing double-digit growth year after year. The founder’s tenacious approach ultimately grew the business to become a UK market leader for immersive live events, servicing hundreds of premium content creators and brands along the way. At the start of the month, VRJAM’s public content platform was released after 4 years of development and market validation, download the VRJAM platform app now and dive into the virtual world of 5th Dimension, or create an account on the VRJAM browser application to render a custom avatar and buy VRJAM NFT’s. VRJAM offers a premium content platform for high quality, immersive live events that’s been built based on years of experience servicing clients like Red Bull, Glastonbury Festival’s Shangri La, Twitch (an Amazon-owned company) and even the UK Government’s Creative Industries Council. VRJAM’s technology has also caught the attention of blue-chip tech brands including Google (VRJAM is a member of the elite Google Campus startup accelerator) and the world’s biggest game publisher Epic Games (Epic provided funding and financial support to VRJAM through the prestigious Epic Mega Grants program). The quality of VRJAM’s native currency has been firmly validated by the investments made in the currency to date which total $US2.2M in invested capital, a list of the VCs and investors who've backed VRJAM Coin to date include, NGC Ventures, Sky Vision Capital, DWF Labs, EnjFi, Ventures, Animal Concerts, AU21, Stablenode, Axia 8, Enjin, Eight Rings Ventures, Panony, TPS Capital and Oracle Investment Group. VRJAM Coin is somewhat unique in the web3 vertical due to its focus on the consumer use case. VRJAM Coin is also intended to be used by consumers, brands, and content creators to buy and sell products, content and services inside the rich, virtual world built on the VRJAM platform. This fact means that demand for the coin is magnified by its use by consumers and brands. By way of this extra demand, the token price is somewhat insulated from the storms of the crypto markets, offering investors a safer, more stable opportunity. The VRJAM platform offers a wide array of use cases for its cryptocurrency including buying and selling tickets, avatars, backstage passes, premium content and virtual real estate. VRJAM’s virtual real estate model is also unique and offers a smart alternative to the traditional ‘metaverse land’ investment modelo, find out more about this on the VRJAM website. However the most important part, of the consumer use case that VRJAM Coin addresses, is how consumer conversion from Web2 to Web3 happens. VRJAM’s user acquisition strategy relies on collaboration with global brands and content creators, whereby consumer audiences are offered free access to magical experiences on the VRJAM platform. By cooperating with top creators and brands to offer premium content fans can't get anywhere else, VRJAM gains access to a powerful user acquisition strategy that turns the consumer audiences into account owners and coin holders on the VRJAM platform. A few brands and creators VRJAM already works with to activate live events and content on the platform are Animal Concerts, Polygon Studios, Snoop Dogg, Billy Ray Cyrus & Avilla Brothers ‘Hardworking Man’ metaverse project, Roger Sanchez, Umek, DJ Craze, Jay Worra and Stanton Warriors. This strategy is enhanced and accelerated by VRJAM’s play-to-earn rewards program, whereby over $US20M in cryptocurrency will be distributed as consumer rewards and incentives to drive adoption of VRAM's technology. On the 30th of November, a number of key events will combine to create a successful market entry for VRJAM Coin including; the activation of VRJAM’s NFT marketplace via the offering of a range of super rare NFTs from top-tier music artists. The launch of VRJAM’s native.staking pools including farming pools and traditional, time-locked pools to give the VRJAM community opportunities to grow their investment and the launch of VRJAM Coin on 2 of the world’s leading crypto exchanges, MexC and The VRJAM Coin initial DEX offering is live now on 3 of the world’s leading IDO launchpads, Trustpad, Kommunitas and Erax. Head to one of VRJAM’s IDO launchpads to invest and join the VRJAM Community About VRJAM VRJAM is an award-winning real-time platform for premium virtual events and immersive social gaming. The VRJAM platform empowers creators and brands to offer fans inspiring immersive experiences that redefine fan engagement within the Web3 environment. Over the last 3 years, the platform has empowered some of the world’s leading brands and artists to redefine fan experience in digital space including Carl Cox, Ultra Records, Twitch, Red Bull and Fatboy Slim to name a few. These experiences are monetized using VRJAM’s native cryptocurrency, VRJAM Coin and also by way of the creation of revolutionary new types of NFT’s that are native to the virtual world of VRJAM. The live experience features of the platform combine with elegant smart contract infrastructure and crypto native feature sets to create new ways for brands and content creators to render digital content and engage with fans. VRJAM’s community of partners, advisors and investors includes some of the leading brands in the blockchain space including Polygon, and as well as an array of top tier consumer brands including the world’s leading game publisher, Epic Games. Web Links Website | Twitter| Telegram | LinkedIn | Reddit | Discord | Instagram | Facebook | CoinmarketCap Content Links VRJAM LOGO Cinematic Trailer In-App Gameplay Video Metaverse Live Event Video In-App Images Header Image LeadAshley [email protected]
1 day agocointelegraph
Line shuts down crypto exchange to focus on blockchain and LN token
The Japanese messaging giant will still continue to support its Line blockchain ecosystem and the Link token despite the ongoing industry challenges.
1 day agocointelegraph
FTX fall was ‘incredibly damaging,’ crypto must foster real utility: Ripple policy lead
Ripple’s APAC policy director said the collapse of FTX is exactly why crypto needs to move away from "hype cycles" and towards "real utility."
1 day agocryptodaily
Wahed Projects announces Strategic Partnership with EnterMed
Cranfield, England, 27th November, 2022, ChainwireWAHED is delighted to announce the signing of an official partnership with technology provider EnterMed. With over 20 years of experience in Dubai and Italy, EnterMed’s team of experts specializes in value-added integrated services and real-time applications. How the Partnership Between WAHED and EnterMed Will Bring Value A key driver of this partnership is WAHED Board Member and former member of the Italian Parliament Sergio Torromino. Bringing over 30 years of experience in metals, fabrication and oil extraction technology, Torromino’s storied career has given him invaluable insight into how systems can be scaled and streamlined. The combination of WAHED’s expertise in blockchain-based services with EnterMed’s specialization in bespoke technology stands to greatly benefit people all over the world. Expected to launch in the second quarter of 2023, the first of many collaborations between the two companies will be a Remote Patient Monitoring, or RPM, application. The RPM is a smart device used to measure and monitor the health of patients with chronic conditions, securely communicating vital indicators to healthcare providers. Real-time updates enable doctors to make decisions with the lowest possible delay, reducing the time needed to make life-saving decisions. When deployed at scale, this technology will provide a great deal of insight into preventing and treating illnesses. RPM’s will immediately provide benefits to those suffering from hypertension, diabetes, COPD and asthma, and the research team is working on expanding its capabilities even further. Using encrypted identification secured by the blockchain to ensure that data stays anonymous, the data collected stands to greatly increase our understanding of these conditions while ensuring that patients keep full control of their personal information. About Entermed Founded in 1998, EnterMed has been providing technology solutions across a variety of fields including aviation, security, healthcare and web applications. Specializing in creating and managing bespoke software, among EnterMed’s achievements is its presence as a mainstay in airport emergency management systems around Italy. About WAHED WAHED is a next-generation investment and philanthropy platform powered by WAHED Coin. Based in the United Kingdom and headed by Shaikh Abdulla Bin Ahmen Bin Salman AlKhalifa, WAHED has a vision of improving the world by nurturing business activities. Serving as a blockchain and investment partner, WAHED aims to bring all the advantages of the decentralized economy to businesses seeking to deliver value at a greater scale, and with improved efficiency. WAHED Coin will be available for trading on LBank on the 5th of December 2022. Join the WAHED community to get all the latest updates regarding partnerships, new features and more. Visit our official website for more information and join our Twitter, Discord, Facebook and Instagram.ContactWahed Projects teamWahed Projects Tea,[email protected]
2 days agocryptodaily
Bitcoin is the red pill that allows you to escape the Matrix
We are embedded in a monetary system that is deeply flawed. It is stealing the wealth of the people, but we need it to survive. Is there any way out? In the acclaimed Sci-Fi film The Matrix, Neo has to choose between the red and blue pills. The blue pill means staying with the relative comfort of the system he has always known, while the red pill will take him down a rabbit hole of perilous truths. In the film, Morpheus tells Neo: “You take the blue pill…the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill…you stay in Wonderland, and I show you how deep the rabbit hole goes.” Our truth We are all pretty much like Neo in his life before full realisation. However, most of us will remain in the bath of fluid where cables are attached all over the body, transporting the lie serum to every part of our being. In our case, the serum comes in the form of government edicts that break away huge chunks of our freedom. We are told that it’s for our own good, that evil terrorists will exploit these loopholes, and that for the good of society we must give up more of our freedoms. The serum is also the mainstream media, printing whatever the powerful decide should be the narrative. If the people are scared enough, then new laws can be passed with much less pushback. The serum is also the tranquilising effect of television or social media. If most of the population are glued to the life of some celebrity or other, then actually looking into how currency comes into being might appear extremely boring in comparison. Looking into Bitcoin For many, that red pill moment comes when you start looking into Bitcoin. If you aren’t just speculating on the price you want to know how this thing works. You want to find out for yourself if it is a scam or not. So when you go down the Bitcoin rabbit hole you find that it leads to unimagined depths. You find that you start questioning the system you live in. You find that our monetary system is a total lie and that governments are running Ponzi schemes that need ever-accumulating debt in order to survive. The lie Once upon a time, the fiat currency system was backed by gold, and this prevented governments from going over their spending limits. But if you need to wage war, or if you need to do all kinds of other spending, then gold backing is no good. If you don’t have to back every dollar, pound, or yen with gold, then this leaves governments free to print as much currency as they want. As more currency is printed into circulation, it is worth less in the bank accounts of the people. For example, the US dollar has lost over 96% of its value since the Federal Reserve (a privately owned bank) took over the US banking system in 1913. A dollar now would only be worth 4 cents back then. Nixon took the dollar off of its gold backing completely in 1971. It was announced by the president at the time that the move would be “temporary”. In the chart below, it can be seen how the dollar has devalued since that time. Source: Opportunity Taking that red pill allows you to realise that all of this is happening. It gives you the opportunity to put some of your wealth outside of a banking system that could collapse in a not too distant future. Mainstream media would have us believe that Bitcoin is a scam, that it is a kind of fool’s gold. Nobody knows if it will continue to work into the future, given the heavy regulations and restrictions that governments want to impose on it. Satoshi Nakamoto’s code has already been battle tested, but the coming war on crypto will test it to the absolute limit. A people’s currency is anathema to the central banks. They can only continue to operate as long as the lie continues that fiat currencies are the only safe and secure way to transact. Central bank digital currencies are currently being developed and rolled out across the world. These will strip away every last vestige of monetary freedom from the individual. Take that red pill before it’s too late. 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.
2 days agocryptodaily
2023 Investment Guide: Decentraland (MANA) vs. Flasko (FLSK) vs. The Sandbox (SAND)
The crypto sector has a dynamic environment. Currency favoritism is a result of developments in the digital industry. A few weeks ago, FTX, the second most popular crypto exchange, went bankrupt. As a result, coins like Decentraland (MANA) and The Sandbox (SAND) had a massive decline in value. But do not panic; crypto analysts say there is a light at the end of the tunnel. Flasko is currently in presale, but predictions are that it may be the best investment in the coming months. As Metaverse Loses Appeal, The Sandbox (SAND) Does Too The Sandbox (SAND) is a game at its heart where individuals purchase virtual plots of land (referred to as LAND) and build activities atop them to distribute to other players. The "LAND" depicted by an NFT can be owned by users of The Sandbox (SAND). In contrast to Flasko, where tangible assets underpin NFTs, LAND in The Sandbox (SAND) is only imaginary assets. At the time of this writing, The Sandbox (SAND) is down nearly 40% in the last month while trading at $0.3994. Decentraland (MANA) With The Same Narrative Decentraland (MANA), another Metaverse token, has been slowly losing value over the past month, and analysts believe this trend will persist. With the Decentraland (MANA) coin, individuals may buy, create, and exchange land in a decentralized fashion. Utilizing the buzz around the currency, Decentraland (MANA) rose to its price peak of $5.85 in 2021. Since then, the coin has been showing a red chart, currently trading at $0.4002. Nowadays, investing in the Decentraland (MANA) currency is not a good investment since the Metaverse has yet to gain widespread adoption. Flasko (FLSK) Predicted To Achieve Blue-Chip Status In 2023 While Decentraland (MANA) and The Sandbox (SAND) eagerly wait for the Metaverse to grow, Flasko gains more positive attention. Over the past five years, the whiskey, wine, and champagne industries have witnessed tremendous growth. We can see why Flasko wants to enter this market, given this sector's yearly 28% investment returns. To combine the trillion-dollar alternative investing market with cryptocurrencies, Flasko will launch a brand-new alternative investment platform. On this platform, anyone can buy a fractionalized NFT backed by real-life bottle of whiskey, champagne, or wine. With an entire purchase, Flasko will go above and beyond to deliver the asset like a luxurious Dom Perignon Brut to your front door. The presale price of only $0.085 is expected to rise as crypto experts project eventual growth of almost 4,000% in 2023. You may participate in the Flasko presale by clicking the links below: Website: Presale: Telegram: Twitter: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
3 days agocryptosrus
Why Bitcoin dollar-cost-averaging could be your best bet in current market
Bitcoin has continuously dropped over the last couple of weeks, largely due to the FTX crash Institutional investors like the Purpose Bitcoin ETF Holdings have not yet bought back despite the discount. The latest Bitcoin (BTC) crash has done more harm than good to investors’ sentiment. Those that have been closely watching the market […] The post Why Bitcoin dollar-cost-averaging could be your best bet in current market appeared first on CryptosRus.
3 days agocryptopotato
Binance Leads PoR Effort, Bitcoin’s Battle Above $16K and Crypto Market’s Attempt at Recovery: This Week’s Recap
The past week was somewhat positive for the entire cryptocurrency market, both in terms of pricing and overall developments. While the meltdown of FTX looms over the industry and most market participants are still afraid of contagion, the total capitalization added over $10 billion amid ongoing developments. First things first, this week’s overall increase doesn’t […]
5 days agocoindesk
No Let-Up in Demand for Bitcoin, Ether Puts After Dovish Fed Minutes
Puts tied to BTC and ETH continued to draw demand as the crypto market remained focused on the FTX contagion.
5 days agocoindesk
FTX Contagion Revives Dreaded 2022 Crypto Knell – The ‘Withdrawal Halt’
The downfall of the FTX exchange has caused a domino effect: a growing list of crypto firms, such as BlockFi and Genesis, halting withdrawals. CoinDesk counts 15 of these announcements just this year.
5 days agocryptodaily
El Salvador tables bill for Bitcoin bonds project
The El Salvadoran Minister of the Economy has introduced a bill which will enable the Bukele government to raise $1 billion in order to build out its proposed Bitcoin city. Bitcoin bonds The Bitcoin bonds project, also known as Volcano bonds, was an idea initially introduced by the Bukele government back in 2021. The plan was to use the bonds to raise around $1 billion with which to build a Bitcoin city at the foot of the Colchagua volcano. The hydrothermal energy that is emitted by the volcano would be tapped and used to supply a crypto mining farm. After some delays a 33-page bill has now been submitted by Maria Luisa Hayem Brevé, the Minister of the Economy. The bill will establish a National Digital Assets Commission that will oversee the regulation of all parties involved as well as the public offering process. According to an article on Coin Telegraph, the bill could in fact be approved before Christmas. Obstacles for El Salvador El Salvador made Bitcoin legal tender back in September of 2021, and the country has accumulated around 2,300 bitcoin at a cost of nearly $104 million. However, since that time there have been many obstacles for the Bukele government to overcome. Not least has been bitcoin’s vertiginous drop in price. It has lost around 77% in value since the top in November of last year, and given the contagion from the FTX fall-out, it might well fall even further. World financial bodies such as the IMF have called on El Salvador to reverse its Bitcoin stance, but President Bukele has resisted so far. Be that as it may, the bitcoin price will need to go up if the Central American country is not to default on its debt. 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 agocryptodaily
Post-FTX Collapse: Which Crypto Platforms Are Safe To Consider?
The FTX cryptocurrency was one of the fastest-growing in recent years, able to quickly garner political support, celebrity investment, capital infusion, and other ways to fast-track success. On their way to the top, they cut every corner and worse — having used customer funds to trade with prior to filing for bankruptcy. Making matters worse, many other companies — even other cryptocurrency platforms — had exposure to FTX or relied on FTX for funding, credit, or liquidity. The contagion is spreading all across crypto — which crypto platforms are safe to consider at this point? The Safest Crypto Platforms For 2023 Following the FTX scandal, the fallout continues to be revealed. The situation has also uncovered that many other exchanges and platforms stored funds at FTX, while even more companies relied on funding from the brand, once worth billions. The contagion keeps spreading, leaving very few platforms unscathed at this point. Here is a short list of the platforms remaining with positive reputations that can be trusted. Binance Binance is the largest crypto platform by trading volume worldwide, and with FTX out of the way, probably the most recognizable. Binance was also integral to starting the domino effect that took down FTX and, in the past, has had some other less-than-savory situations arise. But because the platform is in the center of the public eye, it has always come out the other side with customer funds safe and secure – and that is what is most important. The company has backed up its word with transparency, providing proof-of-reserve of its balance sheet. Binance is also one of the oldest on the list, giving it both brand power and longevity. Binance built a reputation on its extensive list of altcoins and has since released a large lineup of trading and investment products, including derivatives, an NFT marketplace, crypto loans, gift cards, and more. PrimeXBT PrimeXBT is one of the most awarded cryptocurrency trading platforms in the entire industry, known for its strong reputation and reliability. The company has never been involved in a hack or any type of scandal and features products in partnership with the regulated and licensed Covesting team. The list of awards includes Best Bitcoin Margin Trading, Best Crypto Trading Platform, Best Crypto Trading App, Best Crypto And Forex Broker, and most recently, the Most Trusted Crypto-Asset Trading Platform. The platform protects customer funds using a proprietary cold storage solution and is built on bank-grade security infrastructure. The trading engine is fast, boasting 99.9% uptime. The company is also known for transparency in everything it does, providing real-time data through the Covesting copy trading module. PrimeXBT also regularly released a monthly trader’s report highlighting top-performing traders to promote confidence in the community. Trading tools include up to 200x leverage on cryptocurrencies and even more on traditional assets like gold, oil, the S&P 500, and forex currencies. With access to such trading instruments, it is possible to build a diverse portfolio of uncorrelated assets and better protect capital than anywhere else. Margex The Margex trading platform is another margin trading platform like PrimeXBT, but it stops short at 100x leverage on cryptocurrencies and doesn’t offer the traditional asset exposure that PrimeXBT does. However, there are many unique features, such as a trade while staking tool that allows traders to use a staking balance as collateral. Margex also has a clean reputation and is trusted by the cryptocurrency community, but it is the newest on the list, with the least amount of time in the market. Still, customer safety and security appear to be at the forefront of the services they provide since all solutions are protected by the company’s exclusive MP Shield technology. ByBit ByBit is yet another trading platform with up to 100x leverage, but in addition to perpetual swaps, ByBit also offers options contracts trading. Only cryptocurrencies are available to trade with, but there are plenty of exotic alternatives to choose from, such as leveraged token trading. The company is trusted and actively engages with the cryptocurrency community. It also offers crypto loans, an NFT marketplace, and a Web3 wallet. Summary With the FTX implosion so visible to the public, trust is on thin ice during the already dangerous crypto winter. Only a few platforms remain that have a reputation for reliability and innovative tools; picking the right one is paramount to success. 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.
6 days agocryptodaily
Cathie Wood Buys The Dip
Cathie Wood’s ARK Invest has taken advantage of the bear market and bought over a million shares of Coinbase this month. ARK Buys Coinbase Shares Prominent investor Cathie Wood is not running scared by the recent market turmoil. With the FTX contagion spreading, many investors and firms are considering pulling out of their crypto positions. As a result, stocks have suffered significantly. For example, Coinbase shares have plummeted to an all-time low after dropping roughly 20% in just the last week. When the exchange went public in April 2021, the price of each share was $430. Last Monday, it closed out the trading session at a mere $41.23. Analysts from Bank of America and Daiwa Securities downgraded Coinbase stock this month, and the company now has its fewest 'buy' recommendations in over a year. However, for ARK Invest CEO Cathie Wood, the dropping stock values have presented a unique investment opportunity. In the month of November, Wood’s company bought over 1.3 million shares in Coinbase. The total value of these shares is around $53 million. As of now, ARK Invest holds 8.4 million shares, which is around 4.7% of Coinbase’s total outstanding shares. The company holds most of its Coinbase shares in its flagship fund, ARK Innovation ETF. Other Shares Wood has not stuck to Coinbase shares only. So far in November, ARK Invest has been purchasing shares of Grayscale’s Bitcoin ETF, Grayscale Bitcoin Trust (GBTC) and crypto bank Silvergate Capital. Both firms have suffered in the 2022 bear market. Grayscale lost around 76% of its valuation in 2022, while Silvergate has lost 80%. However, this did not deter Wood from making big purchases. Just last week, ARK Invest purchased around 315,000 GBTC shares worth $2.8 million. This latest purchase has upped ARK’s GBTC holdings to nearly 6.357 million, representing 0.4% of the firm’s total investments. Wood’s Prediction - Will BTC Hit $1M? Wood has been a strong proponent of Bitcoin. Earlier this year, before the first blow of 2022, i.e., the collapse of the Terra ecosystem, Wood had predicted that BTC price would reach a million dollars by 2030. However, the crypto’s price back then was $41,000. It has taken a severe beating since then owing to the market inflation, crypto winter, the crash of the Terra ecosystem, and the subsequent FTX debacle. Currently, it is priced at a meager $16,442, significantly lower than its all-time high of $68,789 a year back. 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.
6 days agocoindesk
Bitcoin Regains $16K, But Analysts Are Still Bearish
Bitcoin rebounds after hitting a fresh two-year low in the past 24 hours. But analysts said bitcoin could hit $13,000 amid contagion.
6 days agocryptodaily
Senators Urge Fidelity to Drop Bitcoin Retirement Offering
United States Senators on Monday issued yet another letter to Fidelity Investments, urging it to reconsider offering Bitcoin to its customers following the total collapse of cryptocurrency exchange FTX. On Monday, Senators Elizabeth Warren of Massachusetts, Tina Smith of Minnesota, and Richard Durbin of Illinois addressed a letter to CEO Abigail Johnson requesting that investment giant Fidelity Investment drop its 401(k) Bitcoin plan. The three senators cited the fall of the crypto exchange FTX as the reason for the $4.5 trillion asset management firm to revise its Bitcoin offering to retirement savers. Senators Warren and Smith in July sent a letter to Fidelity commenting that the offering was a bad idea. In the latest letter, Senator Durbin joined the request. Monday’s letter said: Once again, we strongly urge Fidelity Investments to reconsider its decision to allow 401(k) plan sponsors to expose plan participants to Bitcoin. Adding, The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems. The letter further remarked: The industry is full of charismatic wunderkinds, opportunistic fraudsters, and self-proclaimed investment advisors promoting financial products with little to no transparency. The Senators continued by saying: Since July, when we last raised concerns with you about the deeply concerning prospect of exposing workplace retirement plans to Bitcoin, its value has plummeted. While the full extent of the damage caused by FTX continues to unfold, the contagion is being felt across the broader digital asset market. Bitcoin is no exception. Adding: Since our previous letter, the digital asset industry has only grown more volatile, tumultuous, and chaotic—all features of an asset class no plan sponsor or person saving for retirement should want to go anywhere near. The Senators voiced their concerns over a retirement security crisis that already exists in the U.S. and said that Fidelity should not be exposing its customer’s retirement savings to an “unnecessary risk.” 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.
7 days agocryptodaily
Mattel Launches NFT Marketplace
The toy brand will be launching its own digital collectibles marketplace on its direct-to-consumer platform, Mattel Creations. Mattel Chooses Flow For New Marketplace After a few NFT collection drops on the WAX blockchain, Mattel has pivoted to the Flow blockchain to launch the Mattel Creations Digital Collectibles Marketplace. The move to the new blockchain comes from a desire to associate the brand with a more eco-friendly network. In addition, the Flow blockchain can also support consumer-scale decentralized applications that serve Mattel’s mainstream audience. Buyers will not need to hold cryptocurrency or even transact in crypto in order to make purchases on the Mattel Creations Digital Collectibles Marketplace. In fact, it will support a peer-to-peer trading platform so that collectors can trade collectibles with each other. Mattel Future Lab VP, Ron Friedman said, “Mattel is pioneering the future of play and constantly deepening connections with fans of all ages in both the physical and digital worlds. In launching our own marketplace, we’re able to translate iconic Mattel IP into digital art, engaging directly with our customers and providing a best-in-class user experience. This is the latest evolution of our digital endeavors, and we look forward to sharing more drops soon inspired by some of the world’s favorite Mattel brands.” Hot Wheels NFTs Move To Dedicated Platform The brand’s Hot Wheel NFTs have been quite popular among collectors and were launched on the WAX blockchain. Both WAXMarketCap and CryptoSlam have data showing that all previous Hot Wheels drops have brought in over $5 million in sales across 20,000 users on the WAX platform. In fact, the Hot Wheels collection is still maintaining its relevance on the blockchain. It is still one of the top 3 NFT sales by volume in the last month on WAX. However, the Mattel Creations NFT platform, which is formally launching in early 2023, will provide the marketplace needs for the toy brand. The iconic toy collection will be dropping its fourth series of digital collectibles, this time on the Mattel Creations NFT Marketplace on the Flow blockchain. The new marketplace indicates that the toy brand is determined to stick to its web3 efforts and reflects a reaffirmed interest in NFTs. Other Notable Marketplaces Quite a lot of major brands and companies have been launching their NFT marketplaces in 2022. Video game company GameStop launched its NFT marketplace back in July and quickly overtook the sales volume of the Coinbase marketplace. OpenSea, which has always been the number one NFT marketplace by trading volumes, was also overtaken by the Reddit NFT marketplace in October. Soon after, Meta announced that Instagram would be supporting the minting and sales of Polygon-based NFTs. 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.
7 days agocoindesk
NFT Marketplace Magic Eden Expands Support for Polygon-Based NFTs
The leading Solana NFT platform will welcome a new community of Web3 gaming developers and publishers on the Polygon network.
7 days agocoindesk
First Mover Asia: Bitcoin Falls to 2-Year Low on Renewed Contagion Fears
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About SingularityNET_old

The live price of SingularityNET_old (AGI) today is ? USD, and with the current circulating supply of SingularityNET_old at 539,673,260 AGI, its market capitalization stands at ? USD. In the last 24 hours AGI price has moved ? USD or 0.00% while ? USD worth of AGI has been traded on various exchanges. The current valuation of AGI puts it at #192 in cryptocurrency rankings based on market capitalization.

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SingularityNET (AGI) is an ERC20 token built on the Ethereum blockchain. AGI coins are based on the Proof-of-work consensus mechanism and used to gain access to the services on the SingularityNET platform, make transactions worldwide without censorship and encourage network participants. Token holders can purchase AI services. The total supply is limited to 1,000,000,000 AGI. The platform has the goal of popularizing artificial intelligence through the provision of infrastructure designed to facilitate the creation, sharing and monetization of AI services. Find AGI's latest price, news, charts and other market data on COIN360.

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