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Cryptocurrencies/Coins/Synapse (SYN)
Synapse price, market cap on Coin360 heatmap

Synapse(SYN)

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$0.673631
(0.7%)
0.00003959 BTC
Market Cap (Rank#203)
$94,155,636
5,533 BTC
Vol 24h
$413,163
24.2808 BTC
Circulating Supply
139,773,376
Max Supply
250,000,000
19h agocointelegraph
Central bank plans to make CBDC 'only legal digital tender' in Indonesia, says gov
“Collaboration and synergy on national and international level is critical to the development of Digital Rupiah,” said Perry Warjiyo.
6 days agocointelegraph
Digital identity platform integrates with zkSync for on-chain KYC
RNS.ID’s on-chain KYC solution is designed on a “privacy engine” to encrypt users' data.
8 days agocointelegraph
TON Telegram integration highlights synergy of blockchain community
Independent developers from The Open Network community developed a Telegram bot for trading and transferring cryptocurrency.
14 days agocryptodaily
FTX Hacker Dumps ETH On Markets, Price Plummets
Users affected by the FTX collapse now have another major problem to deal with, as it emerged the hacker responsible for the subsequent hack has begun manipulating the price of ETH. As a result of the hacker dumping ETH on the market, the price of the asset fell by over 7% in just a few hours. Hacker Moving Funds The hacker behind the attack on the FTX exchange has started offloading millions of dollars worth of ETH, resulting in a dramatic drop in the price of the cryptocurrency. The hacker had gotten away with nearly $300 million worth of crypto and, at the time of writing, was the 35th largest holder of ETH in the world. Chainalysis broke the news of the stolen funds being on the move again and urged exchanges to be alert in case the hacker tried to cash out. “Funds stolen from FTX are on the move, and exchanges should be on high alert to freeze them if the hacker attempts to cash out.” On Sunday, the hacker moved 50,000 ETH, worth over $59 million, to a new address. The receiving address swapped the ETH for renBTC, a type of BTC that can run on the Ethereum blockchain. After this, the address made separate transfers totaling around $59 million, according to data from Etherscan. According to on-chain researcher ZachXBT, the hacker is using the Ren Bridge to move the renBTC to the Bitcoin blockchain. This is the latest development stemming from the fallout of the FTX exchange that has gripped the cryptocurrency markets. ETH Plummets With the hacker dumping ETH on the market, the cryptocurrency price dropped by nearly 3% in the past 24 hours. On the other hand, Bitcoin was down only by 0.6%. Currently, the price of ETH is down by 3.09%, with the asset trading at $1099. According to available data, the hacker still possesses around 200,735 ETH, worth nearly $236 million at current prices. The hacker’s wallet was first identified by crypto sleuth ZachXBT on the 11th of November. FTX Issues Statement FTX issued a statement urging cryptocurrency exchanges to be on high alert and secure any funds they can, which can be traced back to the hacker. Any funds recovered could be used in the bankruptcy proceedings. FTX tweeted, “Exchanges should be aware that certain funds transferred from FTX Global and related debtors without authorization on 11/11/22 are being transferred to them through intermediate wallets. Exchanges should take all measures to secure these funds to be returned to the bankruptcy estate.” The trades in question came after the hacker sold a host of crypto assets, such as the DAI stablecoin, Synthetix’s SNX, Aave’s AAVE, LINK, and several other assets for ETH on the CowSwap exchange. The largest of these trades was a $48 million swap of DAI for ETH. The Securities and Exchange Commission of the Bahamas also issued a statement on the 12th of November, stating that it was facilitating the withdrawal of Bahamian funds. This led to significant speculation that the flow of funds from FTX on the 11th of November was the handiwork of the Securities and Exchange Commission of the Bahamas. However, this was refuted by ZachXBT, who tweeted, “The first clue that 0x59 was a blackhat and neither Bahamian officials nor FTX team was when 0x59 began selling tokens for ETH, DAI, and BNB and using a variety of bridges so crypto couldn’t be frozen on 11/12.” Ethereum Users Appeal For Help Some Ethereum users have started sending coded messages to the hacker, asking for a share of the stolen funds. One user appealed to the hacker, stating they had lost a significant sum due to the FTX collapse, asking the hacker to reimburse them. The user in question sent multiple small transactions to the hacker’s address in an attempt to catch their attention. Several other Ethereum users tried the same trick to get the hacker’s attention. Whether they were successful or not remains to be seen. 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
Crypto Weekly Roundup: Silvergate Stumbles, CZ’s Fund, And More
The market is still fumbling in the aftermath of the FTX debacle. However, CZ’s recovery fund announcement boosted morale on the pricing charts. Let’s find out more. Bitcoin According to recent data, an estimated 190,000 BTC have been withdrawn from exchanges in the week following the news of FTX’s liquidity crisis. Ethereum Regulators are scrutinizing the crypto space with even more of a keen eye after the FTX bankruptcy, and experts are claiming that Ethereum’s switch to proof-of-stake had “put a huge target” on Ethereum’s back. DeFi Liquidity hub Serum had to be forked as it was compromised when a hack targeted the crypto exchange FTX. Altcoins Binance CEO Changpeng Zhao said in an AMA that most people should not invest in the crypto market now but should continue to hold. Technology Changpeng Zhao has revealed that his crypto exchange Binance will act as the ‘guinea pig’ for Vitalik Buterin’s Proof-of-Reserves protocol. Business In a sign that the FTX collapse continues to spook investors, shares of crypto bank Silvergate Capital fell significantly on Friday. Liquidator presiding over the FTX Chapter 11 bankruptcy claims that it was worse than the Enron liquidation process. The Securities Commission of The Bahamas announced that it directed that all digital assets of FTX Digital Markets Ltd (FDM) be transferred to a digital wallet controlled by the Commission for safekeeping. Crypto lender Genesis was seeking a $1 billion emergency loan just before suspending customer withdrawals on Wednesday. Matter Labs has raised $200 million in its latest Series C funding round to develop the platform’s zkSync V2 rollup network. With the pull-out of FTX from the purchase of Voyager following its own bankruptcy, Binance has gained a pole position in the new sale of the crypto lending platform. A third-party audit has revealed that the Luna Foundation Guard spent $2.8 billion to defend the peg of the algorithmic stablecoin TerraUSD (UST). Lawsuits hit a string of high-profile celebrities, like Tom Brady, Stephen Curry, Gisele Bundchen, Larry David, and Naomi Osaka, for endorsing and promoting the now-bankrupt FTX cryptocurrency exchange. Crypto lender BlockFi is preparing for a potential bankruptcy filing in the wake of the collapse of the FTX crypto exchange last week. FTX-owned crypto exchange Liquid Global has announced that it is suspending all crypto and fiat withdrawals as the FTX collapse continues to affect the markets. Ikigai founder Travis Kling disclosed the company’s exposure to FTX on Twitter and stated that it could not retrieve most of its funds. As per crypto compliance firm Argus, Alameda Research amassed hordes of tokens that were supposed to be listed on FTX. Crypto prices shot up on November 14 after CZ declared on the news that he wants to put together an “Industry Recovery Fund” to support promising projects undergoing a liquidity crisis. Regulation Amid its ongoing battle with the SEC, Ripple has announced that it is seeking to expand its presence in the European Union (EU). Coinbase CFO, Alicia Haas, says that fraud issues are with some centralized exchanges and not with crypto. NFT Football superstar Cristiano Ronaldo has launched his first-ever NFT collection in partnership with crypto exchange Binance. 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.
18 days agocryptodaily
Matter Labs Raises $200M For Its zkSync Mission
The raised funds would be pushed into the development of the platform’s zkSync V2 rollup network to reduce fees and increase transaction speeds on Ethereum. $200 Million Raised In Series C The Ethereum development firm Matter Labs raised $200 million in its latest Series C funding round, which was co-led by Blockchain Capital and Dragonfly Capital. Other participating investors in this funding round include Variant, Lightspeed Venture Partners, and Andreessen Horowitz (a16z). The funds will be channeled toward the platform’s zkSync mission, bringing the total funding to $458 million. In addition, this total funding amount for the project includes a separate $200 million dedicated ecosystem fund. The team had previously raised $8 million in its Series A and Seed Round and $50 million in its Series B, which was led by (a16z). What Is zkSync? Rollups help lower Ethereum’s high fees and increase transaction timings. High gas fees have been a major pain point for the network as it has lost users to other networks that provide more competitive pricing and faster speeds. zkSync is gaining traction as a zero-knowledge roll-up platform that processes transactions on a separate layer (Layer 2) from the Ethereum network, groups them up, and pushes them back to the main Ethereum network, allowing them to be recorded on the ledger for a much lower cost than normal. The funds from Series C will also be used to fund third-party ecosystem projects built by other teams and develop Matter University to focus on spreading knowledge and education on such topics. zkSync 2.0 To Be Made Open Sourced The $458 million will be spent on the launch of the zkSync Ethereum scaling platform. The team announced the latest funding through a blog post, where it also pledged to file its core software under an MIT Open Source license. The team revealed that zkSync 2.0 would be made fully open source at the company’s next milestone point, Fair Onboarding Alpha. This will allow third parties to view, use, and augment the zkSync code. The statement reads, “We believe open sourcing our technology will supercharge the adoption of our ZK-rollup and cement its core innovation — the zero-knowledge prover — as the gold standard for the ecosystem. This will be the first time a general-purpose ZK-rollup has been fully open sourced.” The team also announced a strategic partnership with smart contract auditing firm OpenZeppelin which will be leading a full security audit on the code prior to the launches. 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 agocoindesk
Matter Labs Nets $200M to Build zkSync Ethereum Scaling Platform
A week after zkSync V2’s “baby alpha” launch, Matter Labs said it would open-source its code and push for improved standards around rollup development.
20 days agocointelegraph
zkSync developer Matter Labs raises $200M, commits to open-sourcing platform
Over 150 projects, including Chainlink, Uniswap and Aave, have signaled their intent to deploy on the layer-2 blockchain.
20 days agocoindesk
Cryptocurrencies Trade in Sync After FTX Collapse – Just Not With Stocks
A new analysis shows how correlations have increased on various sectors of the 162-asset CoinDesk Market Index (CMI) amid widespread crypto distress following the collapse of Sam Bankman-Fried's FTX exchange. U.S. stocks, meanwhile, look unfazed by it all.
26 days agocoindesk
US Sanctions Several Individuals, Dozens of Bitcoin, Ether and Bitcoin Cash Addresses on Opioid Allegations
The U.S. Treasury Department's sanctions watchdog added three people to its blacklist, alleging they used crypto to facilitate the supply of illegal and synthetic drugs to the U.S.

About Synapse

The live price of Synapse (SYN) today is 0.673631 USD, and with the current circulating supply of Synapse at 139,773,376 SYN, its market capitalization stands at 94,155,636 USD. In the last 24 hours SYN price has moved -0.01879 USD or -0.03% while 286,576 USD worth of SYN has been traded on various exchanges. The current valuation of SYN puts it at #203 in cryptocurrency rankings based on market capitalization.

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

Synapse Price0.673631 USD
Market Rank#203
Market Cap94,155,636 USD
24h Volume413,163 USD
Circulating Supply139,773,376 SYN
Max Supply250,000,000 SYN
Yesterday's Market Cap90,350,330 USD
Yesterday's Open / Close0.665196 USD / 0.646406 USD
Yesterday's High / Low0.678558 USD / 0.644915 USD
Yesterday's Change
-0.03% ( 0.01879 USD )
Yesterday's Volume286,575.62 USD
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