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0.00000143 BTC
Market Cap (Rank#225)
4,953 BTC
Vol 24h
37.8095 BTC
Circulating Supply
Max Supply
1 day agocryptodaily
Lawrence Dallaglio Appointed Strategic Global Advisor for Caduceus to bring Sport into the Metaverse
London, United Kingdom, 8th August, 2022, ChainwireCaduceus Metaverse Protocol (CMP) today welcomes on board English World Cup Winning Rugby legend Lawrence Dallaglio in a vital new advisory role Caduceus is the world’s first Metaverse protocol with edge-rendering technology to bring developers, creators, and users on an unrivaled Metaverse experience. In their quest to introduce web3 technology to the wider public, they have now signed up Lawrence Dallaglio to work in an advisory role. Lawrence has genuine legend status in the game of rugby and has been inducted into the Hall of Fame. He played every minute of England's World Cup in 2003 and now, alongside a full calendar of presenting appointments, Lawrence is a respected businessman having founded several successful ventures and also works as a prominent pundit for BBC and BT Sports. Lawrence has a unique ability to engage with his audience alongside respect from his peers. Coupled with broad business acumen, this makes him an obvious choice to work with Caduceus on this project. Lawrence says, “I’ve been itching to find the right project to work on in the web3 space. I’ve had many approaches recently but nothing looked credible. I’m only interested in working with the best in class. The team at Caduceus stood head and shoulders above the others, this is going to be a very exciting journey.” Tim Bullman of Caduceus says, “‘It took time to find the right person for this important advisory role, we needed a good business head as well as being respected in the sports world. Lawrence is the perfect fit for us. We expect to have a lot of fun with this project, as well as being fully focused on education where possible.” About Caduceus Caduceus is the Metaverse protocol for decentralised edge rendering, an infrastructure-level open blockchain platform specifically built for the metaverse and the decentralised digital world. It’s manufactured with next-level processing power and rendering capabilities and has been formed and developed by prominent investors and blockchain specialists. For more information visit: Website | Medium | Discord | Telegram | Twitter ContactsAlex JukesJukebox [email protected]
5 days agocryptodaily
Next Generation DeFi Gnox (GNOX) Showing Early Strength Like Uniswap (UNI) And Aave (AAVE) Of Last Cycle
Every crypto market cycle features protocols that burst onto the scene and cause a massive disruption to the status quo. These protocols typically target highly practical market verticals, and the native tokens of these projects go on to see explosive gains. This article features a protocol hailed by several experts as a serious contender for the next breakthrough project of the new generation. Gnox (GNOX) Gnox offers yield farming as a service and aims at revolutionising the realm of DeFi (decentralised finance) earnings. Instead of being reserved for the select few with time and technical ability, Gnox brings DeFi investment to all crypto investors. The GNOX token represents a single investment vehicle facilitating meaningful participation in DeFi. Gnox features a treasury which is the first treasury designed for investors. Deployed in DeFi protocols to generate yield, it provides all investors with a monthly stablecoin reflection. Funded via buy and sell taxes, when GNOX launches on the open market, this capital fund will grow in value. As the capital sum of the treasury accumulates, so will its ability to deliver more significant reflections. The market has not priced in Gnox’s passive income stream, making this project undervalued. With Gnox bringing DeFi investment to a broader percentage of market participants, the potential for this protocol is colossal. Uniswap (UNI)Uniswap changed the face of DeFi forever. This DEX (decentralised exchange) became the blueprint for building a successful decentralised exchange. Uniswap introduced greater swap efficiency for traders and allowed investors to generate yield by creating LP (liquidity provider) tokens by introducing an automated market maker system. This removed the intermediaries involved in the swapping process and meant traders interacted with smart contracts. Uniswap enabled instant swaps and has become the foundation of all subsequent DEXs. Uniswap now has liquidity depth that rivals some of the largest CEXs (centralised exchanges), and UNI, the governance token of the protocol, trades at $6.92, down from its ATH (All-Time High) of $44. The rise of this token was extraordinary; at the start of 2021, it was valued at $4.70 and just five months later hit its ATH.Aave (AAVE)Aave is the largest protocol ranked by TVL (Total Value Locked) and introduced and popularised one of the most utilised functions in DeFi- permissionless lending. Lending is one of the core aspects of TradFi (traditional finance) and has driven economic growth globally. Aave delivered the ability to access funds instantly through collateralisation in a permissionless manner. This protocol provided a critical financial service to anyone with an internet connection. AAVE, the governance token, experienced explosive growth proportional to the development of the protocol. It was valued at $90 at the start of 2021 and by May and reached $632. Final ThoughtsProtocols that deliver value to the ecosystem will always grow. Uniswap pioneered the way to develop DEXs, Aave brought critical financial services to the blockchain, and Gnox makes DeFi investment equitable and accessible. Investors should always follow value, and price appreciation will naturally follow.Find Out More Here: Join Presale: Website: Telegram: Discord: 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
7 days agocryptodaily
Binance To Launch SBT For Wallet KYC
The crypto exchange has launched its first soulbound or non-transferable and non-financialized token, the Binance Account Bound (BAB). Binance’s New KYC Efforts The Binance crypto exchange will be amping up its identity verification efforts with the BAB Soulbound Token, which is built on the firm’s native build and build (BNB) chain. The token will act as a decentralized solution to the KYC requirements of the exchange. Owning a BAB token will verify a user’s status on the exchange. It would also facilitate certain third-party protocols. Therefore as of now, the BAB ownership is available for customers who want to go the SBT route for their KYC check as an opt-in feature on the Binance mobile app. Once Binance's KYC process has confirmed a user’s identity, they can directly mint the token onto their digital wallets. Customers who want to stick to the more traditional pathways of KYC can still opt to do so. As of now, owning a BAB token would simply indicate the KYC check; however, Binance might increase its functionalities and use-cases in the future. SBT As NFTs A fresh new Web3 concept introduced earlier this year, Soulbound tokens like BAB, are basically non-transferrable NFTs. Since these tokens can not be transferred, traded, or sold, they function perfectly as a wallet identifier as each is unique to the specific wallet holder on the blockchain. Furthermore, the Soulbound NFT can also store certain data about the wallet’s activities, like interacting with a dApp or smart contract. Binance CEO Changepeng Zhao (CZ) has spoken about the decision to launch the SBT, saying, “Soulbound Tokens will play a significant role in the way web3 credentials will work in a Decentralized Society… We foresee numerous use cases for the BAB token, and we will actively collaborate with the community to develop this revolutionary vision of decentralized society.” Unlocking The ‘Utility’ BAB will be the first soulbound token released on the BNB chain. The industry has been talking about pushing through all the hype over NFTs and discovering more constructive and long-term use cases. The NFT community is coming to terms with the need to uncover a true value proposition for non-fungibility. Is Soulbound Token the solution to that requirement? Looks like the Binance team believes so. The exchange has recently had a string of successes and has been delving into alternative token use in the space. 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 agocointelegraph
Bitcoin price clips $23K on Pelosi Taiwan visit as trading range persists
The status quo sees a challenge from U.S.-China tensions as key levels remain in play for bulls.
8 days agocryptodaily
BinaryX Releases RhinoX Whitepaper Detailing New Key Features of its Ecosystem
Singapore, Singapore, 2nd August, 2022, ChainwireBinaryX, a leading P2E game development company, has released the official whitepaper for Rh!noX, a collection of 10,000 NFTs enabling holders to use their assets as avatars on various GameFi and DeFi applications on the BNB Chain. The Rh!noX NFT series gets its inspiration from Soulbound items in the World of Warcraft game and aims to be the first-ever Soulbound Token on the BNB chain. Moreover, the collection links the holders' NFTs to their interactions, thus developing them into unique assets. Above all, it provides them with numerous perks, such as access to beta tests for games, NFT whitelists, projects, new tokens on BNB Chain, and more. The team spent several months improving the project’s vision and roadmap, now available in a new and enhanced whitepaper. For the first time, readers can explore the full functionality of Web3.0 and understand the underlying mechanisms, possibilities, and features of Rh!noX. Here’s a short summary: The Rh!noX Soulbound Token Analytic System This feature will calculate the credit score of a wallet depending on its owned amounts and trading history. It works similarly to a credit card company’s standard credit calculation system. Simply put, it determines the perks a user is eligible for, depending on his creditworthiness. The system will categorize Rh!noX owners into different tiers with distinct benefits. For example, members of the highest tier will enjoy more perks than those in the levels below, with the number and quality of perks decreasing with each tier. A good credit score will reward NFT holders with numerous advantages, such as: ● VIP treatment ● Exclusive Airdrops ● Airdrops from different projects ● Closed-beta entry/Early access to DeFi project/Whitelist Slot ● Discounts on processing fee ● Unsecured Loan ($RUSD) The latter is a loan that doesn't require collateral. Also, the maximum amount a user can request depends on their credit rating. The initial fund for the unsecured loan will come from Rh!noX Treasury and represents the income from selling Rh!noX NFTs. Lastly, the loan amount will affect the interest rate and will be collected in $RUSD. Trading Rh!noX NFTs will not impact the credit rating of their respective owners. Furthermore, the accumulated credit score is connected to an Rh!noX NFT and could be transferred to another user. Multidimensional Behavior Analysis Model The system has an in-built cohesive analysis model studying the NFT owner's characteristics, personality, and reliability. To reach this conclusion, the system will consider the wallet’s address and interactions, such as: ● Trading History ● On-chain Behavior ● Project Preferences ● Asset Portfolio ● Liability Status ● Attended Campaigns & Events ● Airdrops History Ultimately, this list will expand to include more factors without sacrificing the anonymity of web3.0 technology. Here is a use case of this analysis model. Rh!Drop With Rh!Drop, developers can target on-chain users depending on asset values, interests, trading styles, credit ratings, etc. This feature will be an on-chain airdrop targeting service and the primary tool for on-chain project developers. For example, they can use it to deliver airdrops to target receivers matching specific criteria. To better understand the idea, think about Google Ads. Google Ads distributes customized advertisements to selected users based on their past behaviors on the internet. The suitable ads will be served to the right target audience. Rh!noX works similarly. In simple terms, this does not only benefit project owners but also every user on Web3. Project owners & developers could improve their project awareness and expand their communities easily after identifying the right audience for their projects. At the same time, common users would enjoy the airdrops from different projects or even early information without having to do any additional tasks as long as their overall credibility and ‘personal profile’ are good. Sociality of Rh!noX NFT The project also comes with various social features, such as: Social Identity Rh!noX Official will verify the individuals’ background. Also, it will allow users to identify the other person's trustability depending on the data the Soulbound Token collects. This way, future Web3.0 users can visit the profile of a wallet address and identify essential details, such as capital level, project preferences, active areas, trading style, etc. This tool also eliminates fake IDs, false claims over assets, and more. Its level of transparency will be accessible to everyone. For instance, if a user has more than 10,000 $BTC in a wallet, it will receive the "BTC Whale" title, which should tell developers everything they need to know about this individual. Rh!neT This feature will operate like a web3.0 networking platform, enabling users to check someone’s profile, social status, social network, send instant messages, etc. Its main goal is to help users connect and build a community on transparency, credibility, and high-quality identity. About Rh!noX Team Rh!noX has extensive experience in the blockchain industry, traditional game development, and game publishing (learn more about BinaryX). The core team members are from Silicon Valley and participated in the development of the early BNB Chain and Polkadot chain and have made outstanding contributions to the development of the industry. One thing worth mentioning is that before entering the blockchain industry, the team worked in the financial services industry, that's providing loans, mortgages, and wealth management services for many years. Backed by this unique experience, Team Rh!noX fully understands every financial feature of NFT and lays a good foundation for the real-life application of Rh!noX NFT. Team Rh!noX holds a firm conviction that there is a huge and undiscovered space for what NFTs could become and that NFTs should have more than just showing artistic value and signaling wealth. It was when the team couldn’t stop questioning themselves: What if NFTs could work as certificates? What if NFTs could represent one’s credibility? What if NFTs could work like a Digital Mastercard? What if Rh!noX could build the foundation of social relationships of trust? By solving these questions and putting these ideas together, a wider door will be opened to blockchains, and the ecosystem will become more than just about money, but trustable and fun to stay in. Despite the bearish market, the team believes it is the right time to develop and expand the project to benefit its users. To this end, they added new members and planned future collaborations with other projects to increase the practicality of the Rh!noX ecosystem and beyond. As a result, Rh!noX stands out from the growing crowd of NFT projects, which often lack utility and long-term sustainability. Rh!noX’s utilities aim to cover the entire Web3.0 in the future, not just on the BNB Chain, as it’s the only way to maximize the functionality of Soulbound NFT. Up to this day, Rh!noX has achieved the following achievements after its first auction sale: Rh!nox: Sold out in Dutch Auction Sold out 10000 units at 9BNX in 4 hours Rh!nox: Most-traded NFT Collections On Binance NFT Marketplace Listed in June and achieved $1.5m trade volume in the last 7D For more information about Rh!noX visit: Website | Twitter | Medium | Discord ContactsChun [email protected]
8 days agocryptodaily
Degrain (DGRN), Solana (SOL), and Fantom (FTM): Three Cryptocurrencies that Can Make You a Crypto Whale in the Next Bull Run
Whales are not gods or men with infinite IQ; they were once regular investors who, at some point or the other, found themselves well positioned to profit from some of their financial moves. For example, a person who bought Ethereum when it was at $300 would have seen substantial gains when the token surged past the $4000 mark. And depending on how much such a person accumulated before the pump, their transactions on the chain may be able to move the market. Ethereum came a long time ago, and many missed it at the initial stages; however, we have brought you news of three coins that can help you achieve whale status in the next positive market cycle. Their names? Degrain (DGRN), Solana (SOL), and Fantom (FTM). Solana (SOL): Will its cult-like following see substantial gains again? Solana (SOL) is an open-source platform that uses blockchain technology to offer decentralized finance solutions. Work on it started in 2017 but did not launch officially until 2021. Solana (SOL) is a favorite among minor traders and institutional investors, thanks to its scalability and modelling; however, it has also suffered in the bear market. Solana (SOL) is currently at $39, which is more than 80% lower than its all-time high of $260. Despite that, analysts have said that Solana (SOL) will rally for an intense pump later this year, so we may see an increase in value even if it may not beat that all time. Fantom (FTM): To buy the dip? Like Solana (SOL), Fantom (FTM) is a smart contract platform providing decentralized finance services to developers. In 2021, Fantom (FTM) stunned investors by skyrocketing in value throughout August 2021, reaching its all-time high of $3.48 later that October. However, since then, Fantom (FTM) coin has cooled off, and with the current bear market the ecosystem is in, it has seen a considerable dip. Currently, the Fantom (FTM) token is down more than 90% from its all-time high; however, investors who still see a lot of potential are telling everyone to buy the dip as the Fantom (FTM) token is almost guaranteed to improve in the following market cycle. Degrain (DGRN): A waking giant Degrain aims to be the pioneer cross-chain NFT marketplace in the world with plans to do business with real-world companies, and also share of the platform revenue with token stakers. The project debuted their presale on July 7th, reaching 11 million sales in the first 60 seconds. Not only that, the first presale phase sold out two weeks early and it is currently in the second presale phase, and the price is $0.05 and climbing. Analysts believe that the Degrain token, DGRN, could potentially see a 8,000% price increase by the end of 2022. We certainly believe that it could be the investment of the year, if not the decade. 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.
13 days agocryptopotato
Web3 Registrar Unstoppable Domains Secures $65 Million Funding
The equity funding round has helped the firm to achieve unicorn status.
13 days agocoindesk
Unstoppable Domains Hits Unicorn Status With $65M Series A
Web3 digital identity service provider Unstoppable Domains has raised $64 million in Series A funding led by Pantera Capital with Polygon, CoinDCX and CoinGecko also contributing.
14 days agocryptopotato
Judge Denies SEC’s Motion to Revoke XRP Holders’ Amici Status
The latest decision comes a week after the US regulator asked the court to revoke the amici curiae status granted to the XRP holders last week.
14 days agocryptodaily
IoTeX's MachineFi Lab challenges Big Tech by democratizing IoT to benefit users and businesses
Ankr and IoTeX meet on Twitter Spaces to discuss the future of IoT and how with blockchain technology, IoTeX can enable "all of us" to own our machines and data We all produce data constantly, even unsuspectingly, as all smart devices and machines are built to gather data for profit. A Domo report states each person generated 1.7 MB every second in 2020. The amount of data we as individuals generate could be worth about $3,000 a year. What's more, a 2018 article by Penta Security said that by 2021, automakers would profit more from connected vehicle data than actual car sales. In the US, an average person spends 17,600 minutes driving annually, generating anywhere from 380 TB to 5,100 TB of data, according to a Tuxera report. Google, Amazon, Microsoft, Apple, Facebook, and others have built empires worth up to trillions of dollars off of commercializing our data. So, yes, "data is the new oil," as British mathematician and data scientist Clive Humby said in 2006. Was he wrong? Of course not. In 2021, Techdirt published an article entitled "Smart TV Makers Will Soon Make More Money Off Your Viewing Habits Than The TV Itself." This is true of all intelligent devices and machines, which is why the Ankr and IoTeX Twitter Space conversation is so relevant to people worldwide, particularly as we head toward 2030, when 125 billion IoT devices could exist. That is over ten per person, considering that the global population is estimated to reach 8.6 billion by that year, according to a recent United Nations forecast. 'The Internet of Things Meets Blockchain' Ankr and IoTeX spoke about the future of the Internet of Things (IoT) movement and how both projects are empowering development and bridging web3 with the IoT industry that is growing in value daily, wrote Ankr's blog writer Kevin Dwyer. "MachineFi is a new category of applications that connect all smart devices and machines to blockchains like IoTeX," he added. "These 'trusted devices' will likely become one of the largest users of the blockchain as they have an incredible amount of data to record and share." The Ankr blog points out that "IoTeX allows developers to create new applications that leverage the enormous amount of data that internet-connected machines provide. This data can be used to inform nearly every kind of software, dApp, and metaverse that may need to adapt based on real-world happenings like weather, traffic, package statuses, locations, etc." Dwyer points out only a few use cases of the many possibilities with MachineFi and more so, thanks to the cutting-edge technology developed by IoTeX's core developer, MachineFi Lab. The X-to-earn potential "You may have heard of new crypto projects surrounding move-to-earn, interact-to-earn, etc. In short, you prove your activity (from a trusted device) in the real world to earn token rewards," the blog reads. "This is similar to the idea of 'safe driver discounts' from insurance companies." And continues: "You plug in your camera to collect data on your driving and earn rewards for being safe — there are almost limitless opportunities to apply similar ideas with blockchain tech. Your data has value, and for the first time, you will be able to own your data and benefit from the rewards." Rewards from pooling your data "Governments, cloud companies, social media companies, and all corporations harvest an enormous amount of data from everyday people to use for their purposes," Dwyer wrote. "A combination of blockchain and IoT has the potential to reform society, allowing a more bottom-up approach to data. If you contribute data to the pool with thousands of others, this is an extremely valuable dataset for the above parties — but they will need to reward you for access to it this time." A DAO of Machines "Automated machines are set to replace an ever-increasing amount of jobs and tasks," he adds. "These machines will drive us around, deliver our groceries, manufacture our goods, sort and ship our packages, and many other things. "But who will own the machines that do the work? A handful of corporations, or all of us?" he so pointedly asks. "IoTeX allows a future for the latter by creating tools that enable developers to build applications and let everyone contribute their machines to work and earn rewards." How to achieve mass IoT network mass adoption Dwyer wrote that the "main blocker for mass adoption when it came to a convergence of blockchain and IoT was the absence of a gateway between real machine data and the blockchain." However, he added, "IoTeX allows us to connect this real data to the blockchain while providing a full suite of developer tools and SDKs (Software Development Kits) that let anyone build new use cases. Ankr is instrumental in this path to mass adoption as, without web3 developers, nothing is possible." Last week, we sat down to talk with the amazing folks from @iotex_io about all things web3 and IoT.Here is a recap: — Ankr (@ankr) July 20, 2022 In summary IoTeX connects real-world data to the blockchain, while Ankr connects web3 developers and dApps to the IoTeX network. "The internet of things will require a gateway to relay a vast amount of information to and from blockchains — this is where Ankr comes in. Ankr currently serves around 200–400 requests per second to the IoTeX blockchain from developers and dApps interacting with the IoTeX chain. Ankr empowers all devs who want to get involved with the IoTeX ecosystem," the blog concludes. 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
16 days agocryptodaily
Best Investment Opportunities 2022: Bitcoin Cash (BCH), Chiliz (CHZ) and Degrain (DGRN)
Despite the recent market downturn, retail and institutional investors alike are always on the hunt for potentially lucrative ventures to help them achieve their long-term financial goals. Three cryptocurrencies fit this category in July 2022: Bitcoin Cash (BCH), Chiliz (CHZ), and exciting newcomer Degrain (DGRN). Here’s how. Bitcoin Cash (BCH) could a recovery be in sight? Bitcoin Cash is one of the most established digital currencies trading on every crypto exchange. Its passionate community and status as one of the OG Bitcoin forks bode well for its recovery before 2022 ends. Despite a poor showing in June (and a bit of drama involving its CEO Roger Ver), BCH has recorded a 14.5% gain in the past two weeks as of this writing, and its uptrend has crypto analysts predicting a bullish trend likely continuing for the Bitcoin fork to recover its lost gains. Experts tip BCH to do a strong finish to close out 2022. Buy the dip. Chiliz (CHZ) investors begin to pile into Degrain presale Malta-based fintech company Chiliz (CHZ) is expanding its decentralized digital currency for sports by partnering with some of the biggest football clubs in the world, such as English champions Manchester City, Spanish giants Barcelona, and perennial French champions Paris-Saint-Germain. Through its Chilliz (CHZ) token, users can interact with their favorite teams and win prizes through the company’s Socios fan platform. Chiliz has since gone beyond football teams by collaborating with MMA promotion UFC to launch the brand’s fan token, which will benefit the Maltese company’s long-term success. Chilliz (CHZ) hit an ATH of $0.87 last March 2021 and is currently trading at the $0.10 level. With all its recent developments, experts predict a recovery to the $0.30-0.40 level in the next bull run. Chilliz (CHZ) is definitely on many investors’ watchlists. Degrain (DGRN) Is one of the most talked about cryptos One of the best investment opportunities in 2022 is Degrain ($DGRN). Degrain is building the first actual cross-chain NFT marketplace enabling users to trade and transact across various blockchains, as opposed to its competitors OpenSea and LooksRare, which only allow transactions on the Ethereum blockchain. Degrain is bucking the bear market by already having done a 300% price increase three weeks since its ongoing presale launched last July 7 with a token price of $0.01. As of this writing, its native token, DGRN, is now at $0.04, much to the delight of its early investors, who already tripled their initial investment in just two weeks. Presale phase one sold out weeks early and it looks like the same will happen for Phase Two. And it’s not too late to get in, either – DGRN is expected to do a 6,000% rise once all is said and done and its presale ends on September 30, 2022. With a certified and audited smart contract, liquidity locked for ten years, and no VC participation during its presale, it’s no wonder why Degrain is one of the most highly anticipated token presales of 2022. Here’s how to get into the ground floor of one of the year's most promising projects that wins our award for top investment in 2022. Website: Presale: Telegram: Twitter: Disclaimer: This is a sponsored pressrelease andis 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.
19 days agocryptodaily
Prove Anything Announces Strategic Partnership With Ruby Protocol To Bring Forward Private Data Management Framework For Web 3.0
London, London, 22nd July, 2022, ChainwireProve Anything aims to strengthen and reshape the existing consumer market by creating simplified tools for businesses and consumers to enter the web3.0 space with Ruby Protocol Functional Encryption. Prove Anything is the open protocol for prove and authenticity. Connecting people and brands through the products they own using Web3 technologies. The project's toolset creates prove, certification and provenance all with consumer privacy, security and data ownership at its core. Prove Anything today announces its strategic partnership with Ruby protocol, the cross-chain, privacy-first infrastructure to complement the group’s strengths and technical advantages. The partnership aims to solve existing problems within the blockchain infrastructure by creating and combining robust data management framework with enhanced user privacy features, creating a new frontier for permission based marketing, advertising and product interactions. Commenting on the recent partnership with Ruby Protocol, Glenn Shoosmith, CEO of Prove Anything said, “The strategic partnership aligns our unique strengths by combining our areas of expertise in the fields of developing a robust data management framework and consumer privacy protection. Partnering with Ruby will allow us to use their Functional Encryption layer to keep our users data private in a dynamic way, that will become a new benchmark for permission based data sharing” Prove Anything aims to strengthen and reshape the existing consumer market by creating simplified tools for businesses and consumers to enter the web3.0 space. The regulation within the digital landscape surrounding data privacy has grown complex, and it has become more challenging for businesses to manage, protect and disclose sensitive data. By redefining the way consumers control their data privacy, we can also remove a lot of that data protection responsibility away from businesses, while giving them additional channels for revenue and research. “We are super excited to partner with Prove Anything in order to provide the missing piece with the help of Functional Encryption. The ability to satisfy certain requirements/conditions will strengthen and make Prove Anything’s solution fully ready for scaling to massive audiences. Prove Anything provides a solid framework for verifiable credentials, on top of which functional encryption can play a central role in access control based on verifiable identity.” said Mindaugas Savickas, General Manager of Ruby Protocol. Prove Anything has developed a toolset that includes dynamic Certificates of Authenticity that act as digital bridges within the supply chain functions. Manufacturers, distributors, retailers, and consumers will now be able to collect, store and access relevant verifiable information such as product information, recall status, research, and marketing data in real-time. Prove Anything has started its closed alpha test with partners to validate the system infrastructure. The team will be revealing its project milestone and timeline to the public in early August. For more information, please visit Follow us on : Twitter | LinkedIn About Prove Anything Prove Anything is the open protocol for prove and authenticity. Connecting people and brands through the products they own using Web3 technologies. Our toolset creates prove, certification and provenance all with consumer privacy, security and data ownership at its core. Prove Anything is currently in closed alpha stage.ContactsAJThe pragmatic [email protected]
20 days agocryptodaily
Blockchain & Financial Inclusion in the 21st century
Recent technological progress has allowed DeFi and fintech to emerge as a way to break down barriers and positively impact the world through digital financial inclusion. Financial inclusion is defined as having access to useful and affordable financial products and services that meet the needs of business and individuals – transactions, payments, savings, credit, and insurance – delivered in a responsible and sustainable way. According to the most recent Findex figures, nearly one-third of adults — 1.7 billion – are still unbanked. Those in developing countries with a lack of infrastructure and government regulation, poor female-led households in rural areas, and people out of the labor make up about half of the unbanked. The technology behind blockchain has the potential to the change that. It allows financial services to be delivered over the internet by replacing trust, which has been a key component of the financial system for centuries, with transparency built into a decentralized network. As a result, blockchain has the potential to empower the unbanked, particularly women, lowering transaction fees, and providing an alternate source of liquidity. By offering a fairer and more transparent financial system, cryptocurrencies and blockchain pose an alternative to conventional financial services. Recognizing cryptocurrency and blockchain for financial inclusion could be critical to catering to people’s need for access to affordable financial services. A user-friendly platform has the potential to facilitate transactions for individuals and businesses. Let’s see how. The World Economic Forum describes the technology as “global, open-sourced, and accessible to all who have access to the Internet, regardless of nationality, ethnicity, race, gender, and socioeconomic class.” At its most basic level, the technology is essentially a decentralized method of organizing transactions in a database, or ledger, so that several parties may agree on the status of those transactions without the need for a mediator. All transactions are recorded in an immutable, transparent, and encrypted format. In this way, blockchain is altering the role of banks, governments, and corporations by enabling more secure, cheaper, and efficient financial transactions than previous methods. There are four clear ways where blockchain could put immediately into use to achieve financial inclusion: Payment services: With instant, cheap, traceable transactions that can hold multiple currencies, in multiple mobile networks both nationally and internationally, blockchain applications are becoming an attractive technology to use, especially for small money transfers. Savings: Different apps and companies use blockchain as an alternative platform that makes it easier (and less intimidating) for those who lack a bank account, credit, or financial fluency to save and invest. Credit: This is a more diverse area, with a multitude of projects. One excellent example is the blockchain project Grassroots Economics, based in Kenya & funded by UNICEF’s Innovation Fund. The project aims to close the credit gap in low-income communities by creating Community Inclusion Currencies, or CICs, that allows it to issue tokens backed by all the actual goods and services in a specific community, such as the town’s water, food, or the work of carpenters or babysitters. Insurance: Insurance policies tend to require IDs, proof of financial solvency, and additional paperwork that can present a barrier to entry. Blockchain insurance policies rely on other forms of securities, that reduce the barrier for the individual investor. This is only at an incipient stage of course. To reach its full potential, widespread adoption of blockchain technology becomes necessary. We need developers to make blockchain infrastructure more efficient and environmentally conscious, governments to create adequate legislation that regulates and stabilizes the market, entrepreneurs to pilot blockchain solutions and share their findings, and funders to provide capital to promising applications to move the industry forward. But it does highlight the benefits of this technological tool. Unfortunately, there is one lingering danger over the potential benefits of blockchain technology – overregulation. Over the past few years, many jurisdictions have investigated regulating cryptocurrency & blockchain-related operations. We have seen regulators take different approaches on how to go about applying regulation to blockchain-based technologies, particularly in the financial sphere. As with all industries, there is a legitimate need for standards & regulation. The ideal path would be moderate legislative suggestions for blockchain regulation to boost investment and protect consumers and investors. However, a point must be made against overregulation. Crypto-assets and, particularly, blockchain technology have recently been consolidated as secure platforms for validating transactions in an increasingly decentralized economy. Regulation should not change the nature of these technologies in any way; it should merely make them safer for their users. Overregulation is typically the result of the regulators attempting to tackle volatility and risk management – but those are factors inherent to any financial market. Regulations on asset-classes should focus on making them safer and easier to utilize, not on erecting barriers for the sake of security. Fundamentally, regulation should focus on reducing abuse, providing consumer protection to investors and stakeholders, and combating illegal activity. Overregulation would likely, in addition to countless other negative effects, limit the abilities of new blockchain-based technology to help incorporate more people into the global financial system, which would deny associated benefits to billions in the global south that many people in the developed world already take for granted. For this alone, western regulators should proceed intelligently & carefully towards establishing a regulatory framework that ensures safety while not stifling innovation, creativity or investment. 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.
20 days agozycrypto
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22 days agocryptodaily
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38 days agocointelegraph
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39 days agocointelegraph
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42 days agocryptosrus
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43 days agocointelegraph
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56 days agocryptosrus
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60 days agocointelegraph
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70 days agocointelegraph
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About Status

The live price of Status (SNT) today is 0.03301 USD, and with the current circulating supply of Status at 3,470,483,788 SNT, its market capitalization stands at 114,558,987 USD. In the last 24 hours SNT price has moved -0.001762 USD or -0.05% while 597,269 USD worth of SNT has been traded on various exchanges. The current valuation of SNT puts it at #225 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
Status Price0.03301 USD
Market Rank#225
Market Cap114,558,987 USD
24h Volume874,532 USD
Circulating Supply3,470,483,788 SNT
Max Supply6,804,870,174 SNT
Yesterday's Market Cap111,811,960 USD
Yesterday's Open / Close0.03398 USD / 0.032218 USD
Yesterday's High / Low0.03398 USD / 0.031833 USD
Yesterday's Change
-0.05% ( 0.001762 USD )
Yesterday's Volume597,268.50 USD
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
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