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TechCoin price, market cap on Coin360 heatmap

TechCoin(TECH)

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? SAT
Market Cap (Rank#1648)
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? BTC
Vol 24h
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? BTC
Circulating Supply
190,691
Max Supply
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1h ago cryptodaily
FinTech Firm tZERO Announces Exchange Shutdown
tZERO, a financial technology firm funded and majority-owned by Overstock, has announced that it will be shutting down all operations for its tZERO Crypto exchange platform by March 6th, 2022. The firm made the announcement through Twitter, citing, among other reasons, a lack of liquidity and trading activity as factors that led to their decision. The amount of time remaining for operation was intended, according to the exchange, to allow for an orderly withdrawal of assets from its customer base. The firm, however, has not issued a formal clarification on whether the security tokens that were offered on its exchange would likewise be affected once it shuts down. “We believe that many digital assets would be treated as securities and trade in a regulated ecosystem." the firm said. Another reason for the exchange's shutdown is a shift in priorities. An official statement from the company has detailed that it will instead focusing on regulated securities products post-shutdown. This decision was likely reached due to the brewing regulatory climate in the U.S., with the Securities and Exchange Commission (SEC) still scrambling to clarify the exact status of digital assets, which scopes out both cryptocurrencies and non-fungible tokens. tZERO's exchange platform, launched in 2019, was once well known in the crypto space for facilitating securities offerings, with a specific market for private companies transitioning to a public status. Tokenized shares of digital securities are sold to these private companies, either to gain exposure to crypto, or for said companies to establish a crypto portfolio on their own books. Overstock, an online retailer also based in the U.S., owns roughly 55% of tZERO shares. The move to pull the plug on its exchange is not completely unexpected, as other large digital asset companies have made similar decisions given the regulatory climate, in particular within the jurisdiction of U.S. authorities. At this point, there is no indication that tZERO's other offerings and services will be affected by the closure of their exchange platform. The firm’s web-based platform, a digital securities trading venue and crowdfunding portal, appear to remain unchanged. tZERO also operates as an over-the-counter blockchain-based brokerage, while also providing insights and analytics for capital markets. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4h ago cryptodaily
Bitcoin Price Analysis: Eyeing 6-Month Highs - 6 February 2023
BTC/USD Eyeing 6-Month Highs: Sally Ho’s Technical Analysis – 6 February 2023 Bitcoin (BTC/USD) remained within striking distance of establishing a fresh 6-month high early in the Asian session as the pair continued to orbit the 23381.09 area, representing the 50% retracement of the appreciating range from 22500 to 24262.18. The recent surge to the 24262.18 area occurred after Stops were elected above the 24224.60 level, an upside price objective related to buying pressure that emerged around the 15460 and 20370.01 areas. Additional Stops were recently elected above the 23980.62 level, an upside price objective associated with demand around the 20333.33 level. The pair’s subsequent pullback to the 23208.01 area represented a test of the 61.8% retracement of the depreciating range from 22500 to 24262.18, and traders are waiting to see if upside momentum resumes. Upside price objectives related to buying pressure around the 16326.16 area include the 25455, 25774, 27609, and 28004 levels. Upside price objectives related to buying pressure around the 15460 area include the 26612, 26931, 29244, and 29639 levels. Following the recent move higher to multi-month highs, technical support levels and areas of potential buying pressure are around the 22389, 22184, 21230, 20294, 19861, 19357, and 18822 levels. Stops are cited below the 18199, 18024, 17537, and 17343 levels. Below current price activity, technically significant areas include the 15900, 15512, 15313, 14500, 14364, 13369, 10727, 10432, 9682, 8837, and 7538 levels. Traders areobservingthat the50-bar MA (4-hourly)isbullishly indicating above the 100-bar MA (4-hourly)andabove the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 23294.29 and the100-bar MA(Hourly) at 23428.17. Technical Supportis expected around18390.99/ 16714.46/ 14500.15 withStopsexpected below. Technical Resistanceis expected around25455.06/ 25774.41/ 26612.64 withStopsexpected above. On4-Hourlychart,SlowKis Bearishly below SlowDwhileMACDis Bearishly below MACDAverage. On60-minutechart,SlowKis Bearishly below SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and 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.
5h ago cryptopotato
StarkWare to Open Source Its Ethereum Scaling Solution
StarkWare revealed plans to open source its Ethereum scaling technology stack.
8h ago cryptopotato
SBF’s Holding Company Emergent Technologies Also Files for Bankruptcy
The company owned the disputed 56 million Robinhood shares that were seized earlier this year.
8h ago coindesk
StarkWare to Open Source Its Ethereum Scaling System
The tech company was valued at $8 billion during a funding round last year.
10h ago cryptodaily
Crypto Weekly Roundup: EU Stablecoin, Binance Card, And More
The crypto market appears to be recovering, and the gradual upward movement has increased investors' hopes. Let’s find out more. Bitcoin In a recent SEC filing, the electric vehicle manufacturing company reported a loss of $140 million on its net Bitcoin holdings. Bitcoin-based payments network and financial application Strike has announced that it is expanding its Bitcoin Lightning Network-powered money transfer services to the Philippines. As Bitcoin looked to be running out of puff after a 44% pump since the first of January, many investors may have been taking profits in BTC. Ethereum Ethereum Layer-2 scaling solution Optimism has announced plans to issue a major upgrade to enhance network performance, which is scheduled for March. Ethereum's scheduled Shanghai hard fork is going forward, and details for a public testnet dubbed Zhejiang have been released. Altcoins The Cardano-based Djed stablecoin (DJED) has attracted over 27 million ADA tokens as reserves less than a day after its launch. Binance’s BUSD stablecoin has seen a sharp fall in market capitalization, as its circulating supply dropped to $15.4 billion on Wednesday. Technology Helsinki-based fintech company Membrane Finance launched Europe’s first fully-reserved, EU-regulated stablecoin, and payments network, EUROe. The Kin Foundation announced the launch of Kinetic, its flagship middleware (integration ramp/tool) built off of the Solana ecosystem. Business The bankrupt cryptocurrency lender BlockFi has obtained approval to sell its crypto mining equipment as it tries to repay its creditors. The prepaid Binance Card is currently in beta testing and is being launched in Brazil by a Binance-Mastercard partnership. Regulation Federal Reserve Chairman Jerome Powell announced the possibility of another couple of rate rises before pausing for the rest of 2023. The United States Department of Justice has launched a probe into Silvergate Capital Corp. and its dealings with bankrupt crypto firm FTX and its sister concern Alameda Research. A lawsuit against Coinbase and its CEO, Brian Armstrong, was dismissed on Wednesday as the judge exposed a flaw in the plaintiffs’ claim. The Independent Community Bankers of America (ICBA) are calling for lawmakers and regulators to rein in the cryptocurrency industry. Hong Kong remains steadfast in its pursuit of becoming Asia’s digital-asset hub despite the catastrophic fallout from the collapsed crypto exchange FTX. The judge presiding over the SEC’s case against the decentralized publishing platform LBRY has ruled that the secondary sales of LBC do not qualify as the sale of securities. The United Kingdom has opened a consultation on new rules for regulating the crypto sector, similar to traditional finance (TradFi). India’s annual Economic Survey has been published, and crypto concerns have been extensively discussed. NFT YouTuber Logan Paul has been named in a class-action lawsuit against his project CryptoZoo, which has been accused of fraudulently stealing millions from investors. Mastercard’s former NFT product lead alleged workplace mistreatment and sold his resignation letter as an NFT. Despite the market downturn, the Premier League has finalized a deal with French fantasy sports platform Sorare to launch NFT collections. 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.
12h ago cointelegraph
Fantom’s 5-week winning streak is in danger — Will FTM price lose 35%?
As per technical data, the FTM market has turned overbought after rallying 230% in five weeks, with the coin’s momentum slowing down compared to the price boom.
14h ago cointelegraph
Shiba Inu price rebounds 100% after record lows against Dogecoin — More upside ahead?
SHIB price technicals hint at another possible 40% rally for Shiba Inu versus Dogecoin as Shibarium comes into focus.
1 day ago cryptopotato
Here’s the Next Support for XRP if $0.40 Fails (Ripple Price Analysis)
XRP’s price has not yet shown any significant strength as it continues its struggle to surpass a critical resistance level over recent weeks. Things are not looking much better against BTC, with a major support level getting broken to the downside. Technical Analysis By: Edris XRP/USDT Daily Chart On the daily chart, the price has […]
1 day ago cryptopotato
ETH Battles for $1.7K But Worrying Signs Appear, What’s Next? (Ethereum Price Analysis)
As Ethereum exits its recent consolidation range and aims for the next significant resistance level, the price action leans positive. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has been consolidating in a tight range over several weeks. However, it finally seems that a bullish continuation is the most probable […]
1 day ago cryptodaily
Bitcoin Price Analysis: Optimism Above 23381 - 5 February 2023
BTC/USD Slightly Rebounds: Sally Ho’s Technical Analysis – 5 February 2023 Bitcoin (BTC/USD) rebounded slightly early in the Asian session as the pair rallied back above the 24000 figure after bottoming out around the 23257.71 area, a move lower that represented another test of the 200-hour simple moving average. The recent surge to the 24262.18 area occurred after Stops were elected above the 24224.60 level, an upside price objective related to buying pressure that emerged around the 15460 and 20370.01 areas. Additional Stops were recently elected above the 23980.62 level, an upside price objective associated with demand around the 20333.33 level. The pair’s subsequent pullback to the 23208.01 area represented a test of the 61.8% retracement of the depreciating range from 22500 to 24262.18, and traders are waiting to see if upside momentum resumes. Upside price objectives related to buying pressure around the 16326.16 area include the 25455, 25774, 27609, and 28004 levels. Upside price objectives related to buying pressure around the 15460 area include the 26612, 26931, 29244, and 29639 levels. Following the recent move higher to multi-month highs, technical support levels and areas of potential buying pressure are around the 22389, 22184, 21230, 20294, 19861, 19357, and 18822 levels. Stops are cited below the 18199, 18024, 17537, and 17343 levels. Below current price activity, technically significant areas include the 15900, 15512, 15313, 14500, 14364, 13369, 10727, 10432, 9682, 8837, and 7538 levels. Traders areobservingthat the50-bar MA (4-hourly)isbullishly indicating above the 100-bar MA (4-hourly)andabove the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 23296.19 and the50-bar MA(Hourly) at 23508.19. Technical Supportis expected around18390.99/ 16714.46/ 14500.15 withStopsexpected below. Technical Resistanceis expected around25455.06/ 25774.41/ 26612.64 withStopsexpected above. On4-Hourlychart,SlowKis Bearishly below SlowDwhileMACDis Bearishly below MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and 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.
1 day ago cryptodaily
Bitcoin, Ethereum Gain Massively; Big Eyes Coin Rakes In $22M as Crypto Skyrockets
On Thursday, the cryptocurrency market had a major upward surge, helping the weekend get off to a good start. A 100% increase in trade volume helped the global crypto market valuation rise by more than 3%. In spite of expectations for a recovery in the upcoming weeks, Bitcoin and Ethereum ultimately continued their week-long bullish run and even made it a little better. Here are the main causes behind the cryptocurrency market's remarkable turnarounds. Bitcoin: Bullish Run Continues Following Fed Action The price of Bitcoin (BTC) momentarily recovered the 24,000 mark on Wednesday night after several days of extreme volatility, soaring to levels last seen during its 2022 highs. However, despite falling to $23,800 on Thursday, statistics from CoinGecko reveal that the largest cryptocurrency is up 3.6% for the day and as high as 42% for the past 30 days. The largest cryptocurrency in the world soared when the Federal Reserve increased interest rates by 4.5% to 4.75% and 25 basis points. It also comes after the positive month of January, when Bitcoin's value increased by about 40%, marking the greatest outcome since 2013. Due to a number of changes in the cryptocurrency industry, including an increase in institutional investors and improvements in crypto regulation, Bitcoin has become more and more popular. Ethereum Sets Eyes On USD 1,800 The fact that Ethereum (ETH) crossed the $1,600 threshold early on Thursday morning has encouraged investors. Ethereum's price is now above $1,670 after rising by 5% during the previous day. According to CoinMarketCap, it now ranks second with a live market cap of $204 billion and a 24-hour trading volume expected to be over $9.6 billion. Technically speaking, Ethereum has broken through an ascending triangle pattern that was acting as resistance close to the $1,660 mark. The ETH price may rise to $1,725 as an initial objective if there is a bullish breakout over this level. Big Eyes Coin: From ‘Underkitten’ To Industry Giant? Meme coin Big Eyes Coin (BIG) has risen to stardom, shrugging off the “newcomer” status to an unbelievable prominence in a short while. It is fast becoming a household name in the cryptocurrency market, with incredible performance at presale! The cat-themed token is breaking new grounds, raising an astonishing $22 million even before the market officially opens. Cat enthusiasts, often referred to as the organisationthat controls the Big Eyes Coin domain, have given their approval to the features and functionalities of the widely talked-about coin. People from all around the world may interact and learn everything there is to know about cryptocurrency, cats, and adorable content thanks to the community-led meme token's usage of decentralised technology. BIG's solid team, wide range of offerings, and well-rounded investing ethos make it a safe and reputable option in the cryptocurrency market. Big Eyes Coin has been named by analysts as an upcoming market leader in cryptocurrency. Investors are now advised to take advantage of the 200% launch bonus and get more value for their investments as the currency is set to go live in the shortest amount of time. Wait no more! Purchase the BIG token now to take advantage of the little time left and get three times the value of your investment. Use the promo code: ”LAUNCHBIGEYES200 Find out more about Big Eyes Coin (BIG): Presale: https://buy.bigeyes.space/ Website: https://bigeyes.space/ Telegram: https://t.me/BIGEYESOFFICIAL 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.
1 day ago cryptodaily
Decentralized Social Media App Damus Gets Banned In China
Damus, a newly-launched decentralized social media platform just got banned in China. Designed as a Twitter alternative and backed by Jack Dorsey, the app has been blocked in the country due to its decentralized nature, which goes against China's policies. China's stance on censorship has been well-known, with the country clamping down on social media platforms in the past. Damus was launched as an alternative to Twitter and other existing social media networks, but due to its decentralized nature, it violated the Chinese government's regulations surrounding the use of social networks. The platform only operated for roughly 48 hours before it was blocked by Chinese authorities, led by the Cyberspace Administration of China (CAC). According to Damus, the authorities demanded the app’s removal due to an alleged violation of national speech laws. Given how the app was launched on the country's AppleApp Store equivalent, the Palo Alto-based tech giant immediately complied with the takedown request. There are, of course, decentralized security measures in place that are built into the Damus app, given how it's built on top of Nostr, an open protocol for censorship-resistant social networks. Over Nostr, Damus is run from a client, whether as a native client or as a web client. For publications of any major type of media file, keys are signed and sent to multiple relays. For updates, a user requests from these relays and server instances, while signatures are verified on the client end. This operative framework forms the secure model for the creation of a decentralized social platform such as Damus, which Nostr devs envisioned as a proof of concept for the open protocol. Jack Dorsey's involvement in the project began in 2022 when he donated 14 BTC (roughly equivalent to $320k as of press time) to support the development of Nostr. At the time, Nostr was already building integrations for the Bitcoin Lightning Network, which Dorsey passionately advocated during his time at Twitter. China has been known for its censorship of activists, journalists, and critics of its nominally socialist government. As a largely authoritarian state, policy dictates the way social media platforms are used and accessed in the country. In this case, the policy stance of China appears to have been an obstacle for Damus ever since it registered for release in the country. Current tensions between China and Taiwan may also be a contributing factor in the tightening of restrictions across the country's social media space. China is one of the most censored countries in the world. The Chinese government has a long history of attacking free speech and censoring information that it deems as a threat to its power. In recent years, the Chinese government has implemented various methods of censorship, ranging from blocking certain websites, limiting access to certain topics on social media, and even punishing people who express dissenting opinions. This censorship extends beyond media and journalism – it also applies to art, literature, and education. China also has a strict regulatory policy over cryptocurrencies in general, ruling crypto and digital assets as property despite a trading ban in place. As an open-source protocol based on cryptographic keypairs, Nostr is censorship-resistant by design. The banning of Damus showcases how policy restrictions can pose a challenge to innovation, particularly when it comes to decentralized technology. This incident serves as a stark reminder of the difficulties of launching decentralized social media applications in countries with strict policy stances.It's unclear if or when Damus will be able to re-enter the Chinese market, but at least for the unforeseen future, potential users in the country are blocked from using it. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day ago cryptodaily
Russia’s Sberbank Planning To Launch DeFi Platform On Ethereum
Sberbank, Russia’s largest bank, has announced it is going ahead with its plan to launch its decentralized finance (DeFi) platform on Ethereum. According to the bank, there are plans to launch open trials for the platform as early as March 2023. A New DeFi Platform Russia’s largest bank has announced that it is moving forward with the launch of its decentralized finance (DeFi) platform. According to officials at Sberbank, the bank plans to launch the open trials of the new platform by May 2023, according to Konstantin Klimenko, the product director of Sberbank’s blockchain lab, who believes that DeFi systems will displace the traditional banking services. Sberbank’s upcoming DeFi platform is currently being tested in private beta and should be fully open by the end of April or the beginning of May, allowing users to conduct commercial transactions via the platform. Klimenko stated, “We have set ourselves a big goal – to make the Russian DeFi ecosystem number one (decentralized finance system – IF). Our network is now operating in the format of closed beta testing. (…) From March 1, we will move to the next phase; it will no longer be beta testing, but open testing. t the end of April, the platform will be fully open, and then it will be possible to make some commercial operations on it.” Compatibility With Ethereum And Metamask Klimenko also stated that the platform would be compatible with the Ethereum blockchain, ensuring compatibility with major wallets such as MetaMask, and move their assets around seamlessly, and moving crypto from existing platforms to newer ones. According to executives, Sberbank is hoping to make its DeFi platform a prime DeFi ecosystem in Russian finance and also expressed confidence in disrupting the traditional financial and banking system in the country. Sberbank has been quite vocal about its plan to develop a link between its blockchain platform and its growing decentralized finance ecosystem on Ethereum. However, it has faced roadblocks, with the shortcomings and dangers of decentralized finance catching the eye of Russia’s central bank and its Ministry of Finance. In Line With Previous Announcements The latest move by Sberbank is in line with its plan to enable DeFi and DeFi applications on its existing infrastructure. Back in November 2022, the Russian banking giant had announced a slew of new features for its proprietary blockchain platform. These included compatibility with smart contracts and applications based on the Ethereum blockchain. Clarity Around Regulation Needed However, despite the optimism around the announcement, it remains to be seen how Sberbank’s upcoming decentralized finance platform will be regulated by the authorities. This is because Russia has still not come up with regulations for digital assets and currencies. However, according to the head of the Duma’s Committee on Financial Markets, Russia is on track to adopt crypto regulations in 2023. Sberbank had previously struggled to launch its DeFi ecosystem and blockchain tools over the past few years, primarily due to multiple delays when it came to registration by Russia’s central bank. Sberbank had originally expected to launch its digital asset issuance platform in 2021. However, it was able to receive the Bank of Russia’s approval only in 2022. It is also important to remember that the Russian government is a majority shareholder in Sberbank, holding a 51% stake. Recently, the country’s fourth largest private bank, Alfa bank, became the fourth financial institution in the country to be granted permission to issue digital assets, joining Sberbank, state-backed tokenization platform Atomyze, and Lighthouse, a fintech company. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day ago cryptodaily
LBank Exchange Will List Metaverser (MTVT) on February 7, 2023
INTERNET CITY, DUBAI, 4th February, 2023, ChainwireLBank Exchange, a global digital asset trading platform, will list Metaverser (MTVT) on February 7, 2023. For all users of LBank Exchange, the MTVT/USDT trading pair will be officially available for trading at 13:00 UTC on February 7, 2023. As the first multiplayer open-world blockchain game where users can play with a 3D character based on their features, Metaverser (MTVT) integrates various play-to-earn models in order to power the project and expertly mix the finance and gaming world. Metaverser has provided LBANK with a building inside its Crypto Valley, the pinnacle of Metaverser. Its native token MTVT will be listed on LBank Exchange at 13:00 UTC on February 7, 2023, to further expand its global reach and help it achieve its vision. Introducing Metaverser Metaverser is a virtual world that enables users to have fun while playing inside its metaverse and earn income from different play-to-earn games. The game mixes the world of finance and gaming, providing gamers with opportunities to generate income while they play. Gamers will have more control by adding real-world value to their online entertainment. Gamers can participate in the game challenges, earn MTVTs and NFTs, and sell them at the marketplace and cryptocurrency exchanges. Assets are minted as NFTs and can be often traded on platforms outside the game’s universe. In Metaverser, users can create their own avatars based on their features. Under a cooperation agreement, readyplayer.me, a prominent platform in avatar creation, provided the technical team of Metaverser with an API, and got added to the Metaverser panel. Readyplayer.me presents a 3D customizable avatar to the user by analyzing the user’s image. In addition to avatars, by having lands and houses in the Metaverser users can have access to exclusive content and the possibility to monetize their Metaverser assets. users can also have different experiences, host events, and invite friends. The magic of Metaverser is that whales are not the only winners in the game. Only the gamers with the right strategy and a certain amount of luck can get the final victory. Users can travel in the game using ports, train stations, and airports, complete missions, and earn real money alongside fulfilling their sense of curiosity in the process. Whether users are serious card players or DeFi enthusiasts, users can find their own happiness in Metaverser. About MTVT Token MTVT is the native token of Metaverser ecosystem. The presence of people in Metaverser will require its audience to have a certain minimum amount of MTVT in their wallets. And different services will get provided in Metaverser, which also requires MTVT tokens to purchase these services. By having the earned NFTs and selling them in the Marketplace, users can earn MTVT. In addition, users can also earn MTVT directly by participating in specific challenges in Metaverser. Based on BEP-20, MTVT has a total supply of 1,994,342,500 tokens, of which 15% is allocated for staking pool, 15% is allocated for mining pool, 15% is provided for in-game incentives, 10.75% is provided for the treasury, 10% will be used for marketing, 10% is provided for seed sale, 0.5% is provided for public sale, 13.75% is allocated to the team, 5% is allocated to advisors and affiliates, and the remaining 5% is provided for liquidity management. MTVT token will be listed on LBank Exchange at 13:00 UTC on February 7, 2023, investors who are interested in the Metaverser investment can easily buy and sell MTVT token on LBank Exchange by then. The listing of MTVT token on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market. Learn More about MTVT Token: Website | Telegram | Twitter | Instagram | Facebook | YouTube About LBank LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute the global adoption of cryptocurrencies. Start Trading Now: lbank.com Community & Social Media: Telegram l Twitter l Facebook l LinkedIn l Instagram l YouTube ContactLBK Blockchain Co. [email protected]
1 day ago coindesk
Sam Bankman-Fried's Emergent Fidelity Technologies Files for Bankruptcy
Emergent is owner of 56 million shares of online brokerage Robinhood.
1 day ago coindesk
Decentralized Lending Protocol Centrifuge Accrues $6M Unpaid Debt
Fintech investment firm 1754 Finance, the originator of the debt pool with the most distressed loans, said it is liquidating the assets off-chain and negotiating with borrowers for repayments.
1 day ago cointelegraph
Sam Bankman-Fried's holding company files for bankruptcy
Emergent Fidelity Technologies filed for Chapter 11 in U.S. Bankruptcy Court for the District of Delaware to pursue a “form of joint administration” between its case and FTX's.
2 days ago coindesk
Why Crypto Is Not an 'Industry'
What term should we use to describe the collective of individuals and projects working to further the use cases of blockchain technology? Are we an industry, a sector or something else? Noelle Acheson explains why this matters more than we might realize.
2 days ago cointelegraph
CFTC head looks to new Congress for action on crypto regulation
"I will continue to engage and provide technical assistance to draft legislation, as requested,” said Rostin Behnam.
2 days ago cryptodaily
Dead in the U.S. until serious changes happen
It’s no secret that Crypto has had a rough few months. With the general market turmoil, mass position liquidations, and the stability of reserves for most major exchanges coming into question, its fair to say that many have struggled recently. To top off the obvious downward feeling, the inevitable ‘nay sayers’ of crypto have arisen once more from hiding, with the sole aim of reminding us all that crypto is ‘dead’. Outside of the obvious negative market conditions, the resurgence of crypto ‘nay sayers’, and the ever so typical immigration of ‘crypto experts’ moving away from the industry, like birds who head south every winter, this time around there is something very different having an impact. Lawsuits and regulation.Anybody would have to been in hiding for the past few months to not have noticed the alarming number of companies failing. Celsius, Three Arrows, Blockfi, and FTX are just a few names which have hit the news for the same reason. They all failed and took an alarming amount of peoples funds with them. However, within the dust and turmoil of these companies collapsing into the ground all of these companies have one thing in common. They have been dragged or are being dragged, over the coals by regulators and lawsuits in the United States. To most that may seem like an obvious conclusion. Break the law, face the consequences. But for those paying attention, it signifies a much bigger more alarming issue, what is going on in the United States and should any crypto company should be operating there? The United States - Cash grab? The United States has a history of not embracing new social change when it comes to regulations. A screaming example of this is: marijuana. This isn’t even a hot topic in most of the USA but from a regulatory and enforcement prospective, its a nightmare. With State and Federal rules all different from each other. We all know other examples exist, with bigger personal issues, but political debate is parked for now. Since the start of Initial Coin Offerings the United States set itself apart from the rest of the world. Where as other countries either outright banned such activities, like China and Russia, or didn’t have any feeling on the subject, like many off shore locations the USA developed, what many called, a honey trap. The USA refused to give any guidance on if ICO’s were ok or a breach of rules. Maybe you were ok, maybe you weren’t. The worst part about this part of the story, is that things haven’t changed. The reality is that US Regulators arbitrarily enforce rules from older standards. There is little to no case law on this matter and they deliberately seem to pick on companies which do not have the financial resources to defend themselves. For example, most regulator enforcement actions would probably cost the average company millions to defend. There is no attempt nor has there been any serious attempt to work with crypto companies to develop an actual usable framework. The ever bankrupt country, seemingly more interested in issuing fines to larger firms in the space, then protecting users. (For those of you who don’t believe that, research how much the US Federal government recovered through the FBI, DOJ and SEC actions, then look at how much was paid to ‘victims’ in restitution) The legal framework - a dice roll. The United States has a complex legal framework. For those of you unfamiliar there are State and Federal laws that come into play. There is also then constitutional rights which say where the Federal government has made no laws on a subject, the states laws become the governing law. To date, there is no Federal Statute or Code which features the word ‘Cryptocurrency’. This means the US Federal government relies on a case from 1946 to determine what is a security and what isn’t. 1946. That’s the year after WW2 ended, for those of you who need context. The SEC and CFTC have both taken a tough yet random stance on enforcement in the crypto space, and companies that do not comply with regulations can face significant fines and penalties. This can create a high level of risk for crypto companies operating in the United States.One notable example is the case against Telegram, which the SEC brought in 2020. The SEC alleged that Telegram had conducted an unregistered securities offering when it sold $1.7 billion worth of its own cryptocurrency, Grams, to investors. Telegram argued that Grams were not securities and that the offering was not subject to SEC registration requirements. However, the SEC disagreed and obtained a preliminary injunction to stop the distribution of Grams to investors. Telegram ultimately decided to return the funds to investors and abandon the project. Another example is the case against Ripple Labs, the company behind the cryptocurrency XRP, in December 2020. The SEC brought a lawsuit against Ripple, alleging that the company had conducted an unregistered securities offering when it sold XRP to investors. The SEC argued that XRP is a security and that Ripple had sold it to investors without registering it with the SEC. The case is still ongoing.Most recently, even the Winklevoss twins seem to have come under attack from regulators through their company which traded crypto back in 2018/2019. The randomness of enforcement and the seemingly impressive way the regulators can twist facts to suit the needs of the legislation, is a massively worrying stand point for many who are simply trying to operate a legitimate business within a free market. The SEC also brought charges against several individuals and companies for alleged fraud, such as the case against Centra Tech, in which the SEC charged the founders with fraudulently marketing a cryptocurrency-related investment product. All of which, people have very mixed emotions about when the projects are looked at in depth. It's worth noting that the regulatory environment is constantly changing however that change seems to never make sense when it comes to crypto. The random nature of enforcement actions and the seeming willingness to ignore a number of scams and attack the legitimate projects, leaves many wondering what the purpose of these actions are. Especially when other countries have workable frameworks and laws to work with companies operating in this space. Outside the securities framework Outside of the securities framework the United States has a seemingly endless arsenal of tools that litigators can use to drag companies into the jurisdiction of the North American country. Alter Ego rules is the concept that a company is really a US Company if it is just mascaraing as a foreign firm. That’s right, during a lawsuit anyone can claim that a company based in the British Virgin Islands, Seychelles or anywhere is really a United States company for any number of reasons, the most of which is if the company has a footprint, operations, or decisions are made within the United States. Technically this means that even if a director, or subsidiary is based within the United States, someone can claim that the whole company is a US Company and so should fall under the jurisdiction of the courts. A huge worry for those who are simply trying to conduct business away from the US. Moreover, for those who know the US Court system, it would take six months and an endless supply of finances to prove you were not an alter ego company. What does all of this mean? Many people believed for a time that the US was just being slow in its management of Crypto and Digital Assets generally. However, given the time lawmakers have had to act, and the actions taken by regulators on a random basis, the consensus has now switched to a belief that the US is operating more deliberately in its methods, selecting the companies it targets at will. When we stack this approach up against countries like the UK, or even the UAE who are developing actual frameworks for not just crypto, but other types of digital asset companies, we have to now begin to accept the belief that the United States should be abandoned by all crypto companies, until they finally develop a workable framework and deploy actual balanced enforcement measures. Although it is easy to say that everyone ‘needs’ the United States, many companies find that not to be the case. Actually, millions of companies over the globe operate without any action or footprint within the USA on a daily basis. The USA only accounts for less than 5% of the worlds population, and although it boasts the worlds largest economy, in a 2023 age, many are starting to doubt the numbers produced by the US authorities, especially in light of the change of administration at the last election. The reality is for crypto companies, that the disadvantages and the risks, now outweigh the advantages. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days ago cryptodaily
Chainlink (LINK) talks about flash loans, Aave (AAVE) V3 market facilitates rETH reserve, while Orbeon Protocol (ORBN) is likely to match Shiba Inu (SHIB)
Want to know what's new in the cryptocurrency market? We have some interesting news about the popular crypto projects. Here we'll talk about how Orbeon Protocol (ORBN) has gained traction in the past few weeks. You'll also learn about flash loans through Chainlink (LINK) and explore details of new reserves on the Aave (AAVE) network. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Orbeon Protocol (ORBN) ready to surpass Shiba Inu (SHIB) with its expected success Orbeon Protocol (ORBN) has stolen the spotlight from meme token Shiba Inu (SHIB) with its recent developments. Though Orbeon Protocol (ORBN) is a new project, it has diverse utility compared to the meme token and many other existing cryptocurrencies. For example, users can employ Orbeon Protocol (ORBN) for many real-world applications, including crowdfunding. The project focuses on using its decentralized blockchain technology to enhance the startup funding market. Businesses get the opportunity to receive funds from different blockchain users through the multi-chain network of Orbeon Protocol (ORBN). The crypto project offers multiple innovative features, including Orbeon Protocol (ORBN) Launchpad or Orbeon Launchpad. The feature allows startups to request funding rounds using their NFTs. Orbeon Protocol (ORBN) allows startups to mint NFTs into fractions representing their business' equity. Thus, they can sell their NFTs directly to multiple investors on Orbeon Protocol&rsquo;s (ORBN) network, without the need to depend on a single venture capitalist. The concept of crowdlending by Orbeon Protocol (ORBN) diversifies the investment risk among all investors. Developers believe this practice will build a stronger and more loyal OrbeonProtocol (ORBN) community. It has already given over 1400% gains to date. The project is in its third presale round. So, if you haven&rsquo;t already, you must buy the token at the current price of $0.06, and obtain multiplied returns in future. 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.
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[PRESS RELEASE – Seattle, Washington, 1st February 2023] Peer today announced the hiring of a specialist team of engineers from Zenly to develop its AI-powered 3D maps. The team, known in tech circles by its codename “Wonka,” developed Zenly’s innovative 3D social maps platform that grew to more than 160 million downloads worldwide and 35 […]
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About TechCoin?

The live price of TechCoin (TECH) today is ? USD, and with the current circulating supply of TechCoin at 190,691 TECH, its market capitalization stands at ? USD. In the last 24 hours TECH price has moved ? USD or 0.00% while ? USD worth of TECH has been traded on various exchanges. The current valuation of TECH puts it at #1648 in cryptocurrency rankings based on market capitalization.

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TechCoin Price? USD
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