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Cryptocurrencies/Coins/Status (SNT)
Status price, market cap on Coin360 heatmap

Status(SNT)

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$0.022281
(-1.08%)
0.00000132 BTC
Market Cap (Rank#236)
$77,327,539
4,598 BTC
Vol 24h
$971,871
57.7855 BTC
Circulating Supply
3,470,483,788
Max Supply
6,804,870,174
3h agonulltx
Change Your Financial Status with ICOs Like Oryen Network, Which Is Predicted to Mimic the Gains of Avalanche and Fantom
Initial Coin Offerings (ICOs) are rewarding ways for users to invest in crypto projects. Some projects grow over 1000X at full launch, rewarding the earliest backers. Clearly, such gains would quickly turn you into a millionaire. Today’s leading ICO, Oryen, has already gained 300% in two months. The highly secure project mimics ICO performance trends […]
4h agocryptopotato
Senator Lummis Now Believes Ether is a Security
Both Lummis and CFTC chair Rostin Benham have flipped stances on Ether's status as a commodity.
16h agocryptodaily
Analysts favor Orbeon Protocol (ORBN), Ethereum (ETH) and Algorand (ALGO) for 2023
Cryptocurrencies are experiencing unprecedented volatility as of late, with Ethereum (ETH) and Algorand (ALGO) both seeing notable price fluctuations. With so much invested in these digital assets, it&rsquo;s crucial to have a solid understanding of the current volatility, and what tokens like Orbeon Protocol (ORBN) have to offer, and what might make it a better investment option, such as ORBN&rsquo;s forecasted 6000% growth. In this article, we will discuss the status of Algorand (ALGO), Ethereum (ETH), and Orbeon Protocol (ORBN), and what their future might look like. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Orbeon Protocol (ORBN): A profitable investment for long-term and short-term A growing number of people are getting in on the rising popularity of Orbeon Protocol (ORBN). Orbeon Protocol (ORBN) is a new entrant to the world of cryptocurrencies and NFTs. With Orbeon Protocol (ORBN), even a $1 can be used to make an investment in a promising startup. As a decentralized investment platform, Orbeon Protocol allows startups to mint and issue fractionalized, equity-backed NFTs for as little as $1. Everyday investors can purchase these as a form of investment in the growing startup. This allows anyone to access the previously-gated venture capital industry. At the time of writing, ORBN can be purchased for $0.021. Investors of Orbeon Protocol (ORBN) can anticipate a return of around 6000% if the token's price reaches $0.24 by the time of launch. Those looking for high returns, both short-term and long-term, should invest in Orbeon Protocol (ORBN) to make the most out of their investments. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Telegram: https://t.me/OrbeonProtocol Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
20h agocointelegraph
Japan recommends against algorithmic backing in stablecoins
The potential legal status of the Japanese Financial Service Agency’s recommendation is not clear as the current legislation is silent on algorithmic stablecoins.
3 days agocryptodaily
Crypto Weekly Roundup: BlockFi Goes Bankrupt And More
President Vladimir Putin and the Russian central bank are discovering the many benefits of cryptocurrency and blockchain-based payment systems in light of the many sanctions weighing down the country&rsquo;s economy. Let&rsquo;s find out more. Bitcoin The European Central Bank (ECB) published a report criticizing Bitcoin and stating that it was n the road to irrelevance. Binance transferred $2 billion worth of BTC as a part of its proof-of-reserve audit, causing panic that it was the next exchange to go the FTX route. Ethereum Russian banking giant Sber, formerly Sberbank, has announced that it is integrating MetaMask and Ethereum on its proprietary blockchain. The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has changed his stance and refused to acknowledge Ethereum as a commodity. DeFi BNB-based DeFi protocol, Ankr has confirmed that hackers exploited an unlimited minting bug, resulting in losses worth millions of dollars. MakerDAO has announced that it has passed a governance vote which will remove Alameda Research-linked renBTC from its stablecoin collateral vaults. Altcoins Apecoin staking website Apestake.io has added the United States to its list of geoblocked locations. Users from the U.S. will not be able to access the platform directly. Technology Messaging app Telegram has announced plans to build a decentralized exchange and non-custodial wallets in the wake of the FTX collapse. Russia&rsquo;s President Vladimir Putin has criticized the number of sanctions imposed upon the country by the west and has called for a global payment system independent from external interference. Business Ex-CEO Sam Bankman-Fried has given the odd interview post the FTX crash, in which he has always maintained that he didn&rsquo;t set out to commit fraud. The second largest crypto exchange in the U.S., Kraken, has announced that it is laying off around 30% of its staff, which is approximately 1100 employees. California-based cryptocurrency exchange Bitfront has announced that it will close for business and will focus instead on the LINE blockchain ecosystem. Binance has again opened up the Japanese market to its services by acquiring Sakura Exchange BitCoin (SEBC). Billionaire crypto entrepreneur Tiantian Kullander died in his sleep Sunday at the age of 30. The company he co-founded was reportedly raising around US$100 million. Beleaguered cryptocurrency exchange FTX and affiliated companies have announced the resumption of employee salary payments and benefits after weeks of uncertainty. Crypto lender BlockFi filed for Chapter 11 bankruptcy protection in the United States on Monday, just days after suspending withdrawals amid the fallout from FTX. Regulation A leaked EU proposal to restrict privacy-enhancing coins could be a serious worry for this crypto niche. Brazil&rsquo;s lower house of Congress has passed a bill granting limited legal status to crypto payments and establishing a regulatory framework for the industry. The Texas Securities Board has summoned Sam Bankman-Fried to a hearing to investigate whether FTX and Sam Bankman-Fried violated any Texas securities laws. NFT Uniswap finally launched its NFT aggregator platform, where users will be able to conduct NFT trading from across multiple marketplaces. Coinbase pointed fingers at Apple, claiming its app store policies forced the crypto firm to remove NFT transfers from the Wallet app on iOS. Web3 Luxury car manufacturer Porsche has become the latest brand to enter the Web3 space by launching its own NFT collection. Cybersecurity company Kaspersky recently published a report which indicated that cyberattacks could increase on the metaverse in 2023. 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 agocryptodaily
UnUniFi Protocol raises $1.5M in Seed Round to build the first Decentralized Cross-Chain NFTFi Platform with Auto DeFi Yield
New York, New York, 1st December, 2022, ChainwireUnUniFi is very proud to announce the completion of a $1,500,000 strategic fundraise led by gumi Cryptos Capital, with participation from Coincheck, Hyperithm, MZ Web3fund, Arriba Studio and gC Incubation. &ldquo;The true utility of UnUniFi is NFTFi functionality with a proprietary valuation algorithm, combined with our interchain yield aggregator.&rdquo; -Yu Kimura, Founder UnUniFi is a Layer1 blockchain protocol for providing efficient NFT lending through an internal NFT marketplace on the Cosmos ecosystem. UnUniFi protocol started development in Q4 2021, and launched its mainnet in May 2022. This strategic fundraise marks the conclusion of our seed funding round, with the support of venture capital funds and investors from around the world. UnUniFi will use the funding from this seed round for continued development and scalability in line with the Roadmap, with an immediate focus on delivering the product releases and product-market fit (PMF). We are very grateful for such great support so early in our development, and we look forward to realizing our mission &ldquo;to give every NFT the opportunity to DeFi&rdquo;. Why is UnUniFi Special? UnUniFi will be the first NFTFi platform to create a proprietary NFT valuation algorithm calculated using real demand data, while allowing its users to generate automatic DeFi yield on borrowed assets. While other NFTFi platforms employ a peer-to-peer or liquidity-pool lending model, UnUniFi combines real demand for the NFT itself with the intrinsic demand for liquidity generation, giving NFT holders faster and more flexible access to lending. This technology is scalable for institutional users and can be implemented externally by other platforms as an NFT valuation oracle. Additionally, UnUniFi's API, client library, Bubble plugin, and frontend incentive module all combine to allow the project to become the first successful ecosystem with a truly &ldquo;decentralized frontend&rdquo;. Learn more: How does UnUniFi work? &ldquo;Many projects have tried to build a financing ecosystem around NFTs, since NFTs have become a significant asset class. However, due to the unique nature of NFTs, low liquidity causes situations where it is hard to recover financing capital. During distressed markets, this becomes a bottleneck. UnUniFi comprises of a marketplace infrastructure with built-in price discovery functionality; this allows liquidity to be secured from the beginning. We believe UnUniFi will be able to create opportunities for the huge market of NFTFi&rdquo; said Rui Zhang, Managing Partner of gumi Cryptos Capital. What Comes Next? While the completion of the seed funding round represents a huge milestone for our team, UnUniFi's immediate focus is on realizing its Q4 product releases and PMF. These objectives include: bringing to market NFTFi functionality with the ability to collateralize NFTs; the Interchain Yield Aggregator for automatic DeFi yield; enabling of Cosmos IBC (Inter-Blockchain Communication) and more. These core functionalities will help realize the foundations of a truly decentralized NFTFi platform. Through staggered updates and announcements the goal is to continue creating rapid public awareness about the status and availability of our upcoming releases. In order to expand the UnUniFi ecosystem, the team is actively seeking and negotiating with NFT projects (an NFT is not limited to art or pfp. &mdash; there are many potential applications in real estate or securities domains, etc.), dApps, and other potential partners to identify strategic partnerships. UnUniFi continues to accept inquiries from external collaborators for consideration, where applicable, and welcome other projects to contact us and join the UnUniFi ecosystem. In the meantime, we continue working on our deliverables and pushing forward in our mission to encourage the widespread adoption of NFTs as a legitimate asset class through practical and usable DeFi technologies. About UnUniFi: UnUniFi is a Layer1 blockchain protocol for providing efficient NFT lending services through an internal NFT marketplace with Auto DeFi Yield, all built on the Cosmos ecosystem. UnUniFi will be the first NFTFi platform to create a proprietary NFT valuation algorithm calculated using real demand data, while allowing its users to generate automatic DeFi yield on borrowed assets through an interchain yield aggregator. UnUniFi aims to be a dApps platform with NFT price information at its core; the internal NFT marketplace provides valuable data for the NFT price discovery function, scalable for usage by external platforms and Cosmos IBC integration. Follow Us: Website | Twitter | Discord | GithubContactChristopher [email protected]
6 days agocryptodaily
Diversify Your Portfolio With Bitcoin (BTC), Dogecoin (DOGE), And The Hideaways (HDWY)
Bitcoin (BTC), Dogecoin (DOGE), and The Hideaways (HDWY) are three cryptocurrencies that can help you diversify your holdings and lower your overall cryptocurrency-related risk. Given the extraordinary volatility of the cryptocurrency market, every investor needs to employ sound risk management strategies to protect their investment capital. That's where the idea of diversifying your portfolio comes in. By purchasing a wide variety of cryptos and periodically revising your asset allocation, diversification greatly lowers portfolio risk, improving your chances of protecting your holdings and making a profit. Start with researching The Hideaways. Speculators on Bitcoin (BTC) Never Lose Their Optimism Bitcoin (BTC) has had a turbulent beginning to the year, with its price dropping by as much as 70 percent from its peak. As crypto winter descends over the industry, the market decline has wiped off almost $2 trillion in cryptocurrency market value. Bitcoin (BTC) investors have reason to be nervous, but this does not change the cryptocurrency's status as the market leader. As the "king of crypto" Bitcoin (BTC) is an ideal starting point for investors looking to diversify their holdings away from traditional financial products and into cryptocurrency. The continued domination of Bitcoin (BTC) is all but certain now that major financial institutions like JP Morgan, Goldman Sachs, and Morgan Stanley have joined the fray. Dogecoin (DOGE) Sees a Double Digits Price Increase The first meme coin is skyrocketing today as the remainder of the cryptocurrency market is sleeping off its Thanksgiving feasts. According to CoinMarketCap, the value of the original meme coin, which has a market worth of $12.3 billion, has increased by about 15% in the past 24 hours, trading at $0.0937. That's a long way from May 2021, when Elon Musk presented Saturday Night Live and Dogecoin soared to an all-time high of $0.7376. Even though it was founded as a joke, Elon Musk has come to like Dogecoin (DOGE) and has outperformed all other major cryptocurrencies over the past day. Aside from rumors that Elon Musk may implement Twitter payments using Dogecoin (DOGE), it's unclear why Dogecoin (DOGE) is seeing a Black Friday rise. The Hideaways (HDWY): Highest Quality Investment With Outstanding Returns With over 10,000 individuals showing interest in The Hideaways presale, it's safe to say that it will be a huge success. Some things that set The Hideaways apart from other coins are as follows: The fractionalized NFTs created by The Hideaways will be backed by the actual luxury real estate they represent. Rents and staking will provide passive revenue for investors, which will be distributed in ETH and USDT. Smart contract audited by Soildproof means The Hideaways is a safe and legit investment. For those willing to put up as little as $100, The Hideaways offer a once-in-a-lifetime opportunity to buy a piece of luxury real estate anywhere in the globe. Because each investment property has its own unique NFT, you can rest assured that your portfolio's guaranteed minimum value will always track the market value of the underlying real estate. Coins are moving quickly in the presale, which began only a month ago. As a result, The Hideaways (HDWY) is currently priced at $0.08, but crypto analysts forecast a massive price increase of 10,000% by 2023. A purchase today will position you to gain from the project's anticipated expansion in 2022 and 2023 at a price that makes sense. If you're interested in participating in the pre-sale for The Hideaways, click on the links below. Website: https://www.thehideaways.io/ Presale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto 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.
7 days agocryptodaily
Brazilian Congress Passes Crypto Bill
Brazil&rsquo;s lower house of Congress has passed a bill granting limited legal status to crypto payments and establishing a regulatory framework for the industry. Chamber Of Deputies Approve Crypto Bill On Tuesday, Brazil&rsquo;s Chamber of Deputies approved a bill to establish a regulatory framework for the country&rsquo;s crypto industry. The bill was previously approved by the Senate in April and was awaiting the decision of the Chamber of Deputies. The bill has passed into law and only requires the signature of the President to be enacted. However, the most noteworthy angle of the law is that it grants legal status to crypto payments for goods and services without granting crypto the status of legal tender. What&rsquo;s Next For Crypto Bill? The bill was authored by deputy Aureo Ribeiro and sought to establish a &ldquo;virtual service provider&rdquo; license to be made mandatory for crypto exchanges and other crypto firms. Over the next 180 days, crypto companies based in Brazil will be required to follow the rules of registration, after which the law will be enforced. Once the law is in effect, the executive branch of the government, which includes the president and the ministers, will need to determine the government department responsible for supervising the legislature. It is most likely that the Central Bank of Brazil will be chosen for this task. As of now, the Brazilian counterpart of the SEC, the Comiss&atilde;o de Valores Mobili&aacute;rios (CVM), is responsible for overseeing only the tokens that are categorized as securities. Increasing Oversight For Crypto The law has also recognized that digital currencies offer more opportunities for criminal activities of a massive scale due to their pseudonymous nature and has called for a &ldquo;closer monitoring&rdquo; of the industry. Accordingly, it establishes a new crime of fraud involving virtual assets, with penalties that include imprisonment and fines. Furthermore, the legislation did not approve an amendment to grant tax benefits to crypto miners and is also seeking to prevent another FTX-esque catastrophe; hence it directs crypto service providers to separate operational funds from those of the clients. Brazil&rsquo;s Burgeoning Crypto Industry Brazil has been making significant moves in its crypto industry, taking strides instead of steps when it comes to establishing a regulatory framework to build on. For example, most recently, the country&rsquo;s largest digital bank, Nubank, launched a program allowing its citizens to buy Bitcoin through its platform. Earlier this year, the mayor of Rio De Janeiro announced his plans to develop the city as the next global crypto hub. KuCoin&rsquo;s &ldquo;Into the Cryptoverse&rdquo; report has also revealed that over 34 million Brazilians have invested in cryptocurrency. Therefore, this rapidly growing industry urgently needed a regulatory framework, which the Crypto Bill will now provide. 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.
11 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: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
13 days agocryptodaily
SBF To Be Interviewed At NYT Event
The FTX founder will be talking with New York Times columnist Andrew Sorkin at the DealBook Summit on Wednesday. SBF Announces Interview Sam Bankman-Fried (SBF) will be making his first virtual appearance at a public event since the collapse of his FTX ecosystem. On Wednesday, the disgraced founder announced on Twitter that he would be appearing at the DealBook Summit organized by the New York Times on November 30. He disclosed that he would be sitting down for a chat with Andrew Sorkin, who is the founder and editor-at-large of DealBook at the New York Times, He tweeted, &ldquo;I&rsquo;ll be speaking with Andrew Sorkin at the Dealbook summit next Wednesday (11/30).&rdquo; &ldquo;Nothing Is Off Limits&rdquo; SBF, who is currently under investigation by law enforcement agencies and financial regulators, is still holed up in the Bahamas, where his now-defunct crypto exchange is headquartered. Although he will not be physically present in New York during the event, a spokesperson with the New York Times disclosed that Bankman-Fried would be participating in the interview virtually from the Bahamas. Sorkin has also confirmed that he will be interviewing with SBF and has even insinuated that he will be bringing up several difficult yet pertinent topics. He tweeted, &ldquo;A lot of folks have been asking if I would still be interviewing SBF at the New York Times DealBook Summit on Nov 30&hellip;The answer is yes. There are a lot of important questions to be asked and answered. Nothing is off limits.&rdquo; The Downfall Of The Crypto Poster Boy Bankman-Fried had long positioned himself as the poster child of responsible crypto investing. He had been buying out undervalued assets, loaning money for bailouts, and exhibiting fiscal restraint. He has even lobbied US regulators and Congress members and advocated for a bipartisan crypto bill. However, this image collapsed when news broke of discrepancies in FTX&rsquo;s balance sheets. The exchange&rsquo;s native FTT token started plummeting in value. This tanked Bankman-Fried&rsquo;s personal valuation as well, as most of his wealth was held in FTT. He lost his billionaire status almost overnight, with a 95% drop in net worth from $16 billion to $995 million. Soon after, the company applied for Chapter 11 bankruptcy filing, and SBF stepped down from his position as CEO of FTX. Although he has been quite vocal on Twitter, the DealBook interview will be the first one he will voluntarily attend, albeit virtually, since the collapse. 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.
13 days agocryptodaily
VIDT DAO enables instant verification technology for all
NFT time stamping and verification technology is throwing up use case after use case as individuals and businesses become aware of the boundless possibilities. The VIDT DAO technology A leader in the field of timestamping and authentication verification is VIDT DAO. This project has been using its own backed NFT and timestamping technology to verify the data and physical items of a wide range of clients. From masterpieces of art, to oil documentation, to luxury timepieces, the VIDT DAO technology is providing verification solutions for many business sectors. In fact, the total addressable market for this technology is in the hundreds of billions of dollars. It&rsquo;s for this reason that the original VIDT team decided to make the project into a DAO and open source the technology to anyone. Use case example The luxury watch market is one such use case. This market has historically been one for the more mature person. Time pieces such as Rolex have been sought after, not just for their beauty and collectibility, but as status symbols that exude good taste and success. The luxury watch industry is now beginning to appeal to Gen-Z, and younger people are demanding, and are more comfortable with, cutting edge technology. Source: 11-fifteen.com 11:15 is an online watch store that is targeting Gen-Z digital natives for its exclusive collection of curated vintage Rolex grails. Rachel, the creative director at the store, understands her target market: &ldquo;Watch collectors are getting younger by the day, and we have to do a better job of communicating to a wider extent about artistry, the watchmakers, the limited quantities and the fact that everything is done by hand. 11:15 has done its research on Web3 blockchain technology and has embedded the VIDT DAO validation technology into its online platform. This enables those that purchase any of the watches a means of proving ownership and of verifying the authenticity of their timepiece. How the technology is used How this works is that first experts at 11:15 check and confirm the authenticity of the watch. Then a certificate of authenticity is issued, which contains detailed descriptions of the piece together with macro photographs. A hash (digital fingerprint) of the certificate is then anchored to several blockchains. Source: 11-fifteen.com When the watch is purchased, it comes with the corresponding certificate. This enables the owner, or indeed anyone, to verify the certificate in a matter of seconds, just by using an internet browser. The future for VIDT DAO technology By making its technology open to anyone, the VIDT DAO has ensured that there will be no limit on the future use cases for the verification of just about anything, whether it be data or just about any physical item. Proving the undisputed ownership of a luxury timepiece addresses a market that is expected to be worth $9.3 billion by 2025. This is just a segment of the luxury goods market worldwide. Many other luxury goods are still waiting to be exploited by this technology. With its fully functioning DAO making decisions on business, marketing and technical developments, the VIDT verification technology is open sourced to be used and built upon. Those wishing to do so should visit the following links: VIDT DAO Website: https://www.vidt-dao.com/ VIDT DAO Awareness Team: Twitter.com/VIDT_Datalink VIDT DAO Snapshot space: snapshot.org/#/vidt-dao.eth 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.
13 days agocryptodaily
Ethereum Developers Begin Testing Staking Withdrawals On Devnet
Ethereum developers have finally begun testing the withdrawal of staked ETH with the launch of a new developer network. The development is significant, marking the first steps towards enabling Beacon Chain withdrawals for ETH stakers. The devnet will prepare client teams to enable validator staking withdrawals as early as next year. Testing Of Staked ETH Withdrawals To Begin Developers on Ethereum announced the release of a new developer testnet to test validator staking withdrawals. Staked ETH withdrawals are a feature that still needs to be implemented on the network. According to Ethereum developer Marius Van Der Wijden, the new devnet will help set the stage for validator staking withdrawals, which could be implemented as early as next year with the launch of a planned upgrade Shanghai. Van Der Wijden stated, &ldquo;It&rsquo;s the first devnet that enabled withdrawals on all of these implementations and is a big step forward. It also helps other clients to test their implementations by joining the network.&rdquo; According to Wijden, several Ethereum clients that build validator software are already testing staking withdrawals in preparation for the Shanghai upgrade, looking for any potential bugs. He also clarified that the devnet will only be focusing on staked ETH withdrawals, with Shanghai features yet to be tested. Timeline On Shanghai Not Clear Ethereum began its transition to a Proof-of-Stake consensus mechanism in December 2020 when it launched the Beacon Chain. The launch allowed ETH holders to stake their ETH. However, the catch was that they could not withdraw their ETH from the Beacon Chain until its next major upgrade, the Shanghai upgrade, which is scheduled for next year. However, the Ethereum website has removed an estimated timeframe. Originally, the timeline for the Shanghai upgrade to enable withdrawals was set between six-twelve months after the Merge. However, Tim Beiko stated that this initial estimate was based on the average time between past Ethereum upgrades. He stated at the time that he saw no reason why this upgrade would take longer than previous upgrades. A Community On Edge The potential change in timeline has not gone down well with the larger Ethereum community, and in particular, ETH stakers. ETH stakers have repeatedly stated when they would be able to withdraw their funds, and the lack of a clear timeline has made some of them nervous. The organizer of the Tampa Bay Bitcoin conference, Gabe Higgens, stated that Ethereum could not be trustless since participants were relying on others to enable withdrawals. &ldquo;The biggest concern I see is the fact that *someone* has the control to enable this. Without a date or trustless mechanism to turn on baked into the SC means, there is a trusted party involved. This is a huge blunder & security risk.&rdquo; Others criticized the timelines, calling them meaningless, such as the founder of DeFi Dojo, who stated, &ldquo;Most people complaining have already staked due to soft-promised timelines that appear to be meaningless. &ldquo;I agree that ETH will eventually be unshakeable, but I also agree it&rsquo;s absurd to hold staked ETH hostage indefinitely.&rdquo; Beiko Assures Community Tim Beiko quickly assured fans that there was no change in the withdrawal status, and all timelines remained valid. &ldquo;I don&rsquo;t track daily changes to Ethereum.org, but there hasn&rsquo;t been any change to Withdrawals&rsquo; status: They are included in the next network upgrade, as can be seen in the specs for both the execution and consensus layer.&rdquo; Ethereum developers have also stated that they are committed to making withdrawals a priority for the Shanghai update. A DevOps engineer at the Ethereum Foundation, Parithosh Jayanthi, stated, &ldquo;There&rsquo;s always discussions about timelines and moving things around, but I don&rsquo;t think there&rsquo;s ever been more consensus among core devs to move withdrawals back. It has and will always be included in the next fork. I don&rsquo;t see a scenario in which withdrawals don&rsquo;t get shipped in the next fork.&rdquo; Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
15 days agocryptodaily
Why this NFT could be worth over £50,000
When we think of blue-chip NFT projects, a few big names come to mind: BAYC, CryptoPunks, Beeple. These projects often attract new investors and artists into the crypto space, confident that all they must do to succeed is create a collection of cool apes and start a new Discord community. In reality, most projects that mint on any blockchain come nowhere near blue-chip status, even when their artwork is worthy of it. There are many reasons for this, but a big one is the lack of meaningful utility. An NFT that has utility is one that has an application beyond the artwork within a defined ecosystem. Common utility NFTs relate to real estate, metaverses and fine art, but what constitutes &lsquo;utility&rsquo; is constantly changing. One NFT project that&rsquo;s redefining what it means to be a utility NFT is Drunken Monkey Members Club. Built on Ethereum and founded by serial investor and entrepreneur Gavin Berry, Drunken Monkey offers its holders lifetime access to a real-life concierge network through NFT ownership. Concierge meets crypto A Drunken Monkey concierge membership is managed through a mobile application that gives members access to exclusive or sold-out events, assistance with travel and transport, personalised dining and destination guides, and more. While traditional concierge memberships require regular renewal fees, a Drunken Monkey membership is lifetime access, and it can be flipped on the secondary market. The project launched their first round of 1,000 NFTs eight months ago, and their floor price has increased month-on-month since. As BAYC and other blue-chips struggle to retain their floor price amidst the crypto winter, it&rsquo;s an unexpected achievement. This growing floor price has less to do with crypto, and more to do with the concierge industry. Demand for concierge memberships is rising, and a market report by Spherical Insights & Consulting forecasts a CAGR of 6.10% during the period of 2021-2030. Mid-level luxury concierge memberships in the UK easily can easily set back members &pound;25,000 per year, while other high-end memberships can cost an eye-watering lump-sum of &pound;400,000 for lifetime access. There is reason to assume that the floor price will continue to increase as members trade their memberships on the secondary market. After all, if high net-worth concierge users are willing to fork out &pound;25,000 per year for an annual membership, and &pound;400,000 for a lifetime membership, where does that value a lifetime membership that can also be traded on the secondary market? There are 5,995 NFTs in the DMMC collection corresponding to 5,995 individual concierge memberships. One thing this crypto winter has taught us is that nothing can be truly predicted or expected, but DMMC demonstrates that demand for real-life utilities will always be high, regardless of the crypto market. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
27 days agocoindesk
Washington D.C.’s Buddy Sam Bankman-Fried Has Some Explaining to Do
The genial, mysterious “billionaire” from the digital assets world, who said he wanted his industry to be regulated as soon as possible, had become the leading voice for crypto in Washington. But in a single turbulent Tuesday, Sam Bankman-Fried's status evaporated.

About Status

The live price of Status (SNT) today is 0.022281 USD, and with the current circulating supply of Status at 3,470,483,788 SNT, its market capitalization stands at 77,327,539 USD. In the last 24 hours SNT price has moved -0.000722 USD or -0.03% while 1,004,358 USD worth of SNT has been traded on various exchanges. The current valuation of SNT puts it at #236 in cryptocurrency rankings based on market capitalization.

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

Status is based on the Ethereum platform. Status coin is an open source messaging platform and mobile interface to cooperate with decentralized applications that run on the Ethereum Network. This document presents a utility network token for Status, the first mobile Ethereum client formed entirely on peer-to-peer technologies. You can check out the latest Status price on Coin360. Find SNT price graphs, market capitalization and the latest news about the SNT coin on Coin360.com.
Status Price0.022281 USD
Market Rank#236
Market Cap77,327,539 USD
24h Volume971,871 USD
Circulating Supply3,470,483,788 SNT
Max Supply6,804,870,174 SNT
Yesterday's Market Cap77,082,216 USD
Yesterday's Open / Close0.022933 USD / 0.022211 USD
Yesterday's High / Low0.02294 USD / 0.021921 USD
Yesterday's Change
-0.03% ( 0.000722 USD )
Yesterday's Volume1,004,358.06 USD
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