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0.00007082 BTC
Market Cap (Rank#39)
63,958 BTC
Vol 24h
1,237 BTC
Circulating Supply
Max Supply
1 day agocryptodaily Maintains 560% Growth For Weeks, Tezos (XTZ) And Stella (XLM) Continue Downward Spiral
The cryptocurrency market remains an uncertain terrain to dive into without proper trading skills and the knowledge of how the market works. Today, the market is up with investors "cashing out" big time. The next few minutes, the same investors are counting their losses. Despite the fluctuating nature of the crypto market, there are still some tokens that have managed to sustain their growth trajectory. These tokens have an experienced developmental team that has left no stone unturned in a bid to offer their users more value. is a novel token that suits this description. While Chronoly has continued to maintain a 560% gain for weeks now, Tezos (XTZ) and Stella (XLM) appear to be on a downward trend. Read on to find out what the respective projects are doing to beat the negative market sentiment. Has Everything To Surpass Popular Tokens Chronoly (CRNO) has been predicted to be the next big thing to happen in the crypto and NFT market. Despite the prolonged bearish market that plummeted the prices of most cryptocurrencies, (CRNO) token maintains 560% growth for weeks. "Chronoly is bound to refine the NFT and cryptocurrency space," an investor who just purchased the token in the presale said. is an Ethereum-powered marketplace offering fractional investments in luxury watches on a DeFi. Chronoly's focus is to lower the financial barrier of participating in the luxury watch investment business. CRNO, the project's native token, comes with lots of real-world use-cases, including granting token holders access to club membership and earning passive income from staking. The team plans to collaborate with big influencers in the metaverse gaming space to offer more value to gamers and investors. Industry experts have predicted that the price point of CRNO might hit $1 in the coming weeks if the team continues in this trajectory. Including CRNO in your portfolio can be a game-changer, as the project is still in its early stage. Chronoly'sroadmap highlights different activities for its phrase three, including building strategic partnerships, expanding influencer outreach, and launching a lending protocol. Tezos (XTZ) Continues To Innovate To Offer Value Tezos (XTZ) has continued to suffer a price setback despite a halt in the global prices of most cryptocurrencies. The Tezosteam has promised users that it will continue to improve on its outlook to offer more value. Experts believe that improving Tezos' use-cases will further stabilize the token price point. Tezos is a smart contract platform that developers can leverage to create decentralized applications. It gained prominence as one of the leading blockchain-based projects to first implement the proof of stake consensus algorithm. Despite the fact that projects like Cardano and Solana have also implemented the proof of stake consensus algorithm, Tezos has not slowed down its innovative drive. Its native token, XTZ, has a wide range of use cases, including for the payment of goods and services on the Tezos protocol. Token holders can also use the token to participate in governance voting. Founded in August 2014 by Arthur and Kathleen Breitman, Tezos has a foundation geared towards supporting the community members. As of press time, Tezos (XTZ) trades for $1.78 USD with a 24-hour trading volume of $37,273,070 USD. Stella (XLM) Announces Smart Contract Platform “Soroban”, Plans To Extend Gains In the last 24 hours, Stellar (XLM) has been trending downward. This may not be unconnected to the global market sentiment. Popular coins like Bitcoin and Ethereum nosedived during the crypto waves, and now they are ready to enter into support. In a bid to offer more value to users and extend its gains, the Stellar (XLM) developmental team recently launched a smart contract platform known as "Soroban." The initiative to launch Soroban is part of the company's drive to encourage massive token adoption and offer more value to users globally. The announcement invited developers to jump on the bandwagon to create their own unique contracts. Once Soroban becomes active, Stellar (XLM) will provide users with a wide range of use cases, including transforming payment systems to compete with major blockchains like Ethereum. The team's focus is to provide investors and traders with an accessible, user-friendly, and scalable platform. Soroban has the potential to revolutionize the smart contract niche in the crypto industry. Soroban will be independent of the Stella (XLM) network but will be paired with XLM to provide users with equitable access and accessibility. According to Stella's (XLM) roadmap, the team plans to improve on the project in terms of participation, demand, and scalability. As of press time, Stella (XLM) trades at $0.114885 USD with a 24-hour trading volume of $126,162,543 USD. For more information about presale Website: Telegram: Presale: 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.
8 days agocointelegraph
Swiss Sygnum Bank expands crypto staking with Cardano
Sygnum debuted cryptocurrency staking about two years ago with Tezos staking, eventually expanding the service to ICP and Et2.
8 days agocryptodaily
Coinbase Prime Brings Ethereum Staking To US Institutional Clients
Coinbase announced in a blog post published on Monday that Coinbase Prime was adding Ethereum to its growing list of staking options for US domestic institutional clients. This offering allows another avenue for financial institutions who wish to enter the crypto space but are unsure how to do it. Another Option For Institutions Coinbase’s new offering gives institutions that have been eying the crypto industry’s burgeoning growth another crypto on-ramp to enter the space. The option of staking and generating yield could interest larger firms looking to park their funds and accrue interest. Apart from Ethereum, Coinbase Prime will also be offering staking tokens for other blockchains such as Polkadot, Solana, Cosmos, Tezos, and Celo. Interested clients will be able to create a wallet, decide the amount they wish to stake, and initiate staking through their Coinbase asset page on their Coinbase Prime account. Coinbase will hold the withdrawal keys in the company’s cold storage custody vault, and staking transactions would be required to reach a consensus before execution. Much Ado About Staking Staking offers passive income on assets already held in custody by allowing them to provide valuable work in the form of security to the blockchain. Ethereum rewards stakers that act in the network’s best interest and punishes those that act against the network or fail to secure the network for any reason. This makes it essential to stake with a reputable staking partner that could help to minimize risk while maximizing rewards. Staking assets can be compared to earning compound interest. However, this is different from traditional markets when dividends are reinvested. Staking rewards are paid in the form of the token that users have staked, and users will be able to reinvest these tokens, earning a significantly higher payout. The staked tokens are also typically stored in their respective wallets allowing users to earn yield without rehypothecation. Ethereum’s Shift To Proof-of-Stake With the Ethereum blockchain transitioning to the Proof-of-Stake consensus algorithm, validators who have staked ETH will replace miners in running and securing the Ethereum network. As a result, staking will be playing a significant role in the blockchain’s future, and there could be a significant increase in rewards accrued through staking. Coinbase had predicted at the beginning of the year that it expects ETH staking rewards to hit 12% APR once the merge had been completed. At the time of writing, data from StakingRewards shows that yields on staking pools had an average reward of 4.08%. 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.
12 days agocryptodaily
No More Crypto Ads At French Grand Prix
Formula 1 teams have been forced to comply with the laws of advertising in France, which prohibits displaying ads of crypto firms not registered with the AMF. Advertising Laws Cripples Crypto Advertisement With the French Grand Prix looming in the distance, Formula 1 teams have been flaunting their crypto sponsorships and brand deals by openly displaying their ads. This included decals with the logos of these crypto sponsors. However, the French authorities have dictated that the teams must comply with the country’s stringent advertising laws. In France, any crypto firm wishing to advertise itself must register as a . Therefore, many F1 teams have had to take down crypto ads and logos of crypto partners from their race cars. France has always had stringent laws about advertising. Despite being one of the most welcoming countries for crypto adoption, the law still decrees that in order to advertise their services or products in the country, all crypto firms should be registered as a Digital Assets Services Provider (DASP) with the Autorité des Marchés Financiers (AMF), the financial authority of the country. Teams And Their Crypto Sponsorships Eight of the ten teams that entered the French Grand Prix had one or multiple partnerships with crypto companies. All of them were instructed to rework the branding on their cars, the team outfits, racing gears, and other items to eliminate any mention of cryptocurrencies. For example, the Alfa Romeo F1 team has removed the branding for its partners - cryptocurrency Floki Inu and crypto lender Vauld from all displayable surfaces for the French Grand Prix. The team explained its decision to do so, saying, “The team is complying with all French regulations with regard to crypto partner advertising on the car. We have been advised that, in order to display a cryptocurrency partner logo in France, the cryptocurrency brand must be registered at the AMF, which is not the case for two of our cryptocurrency partners.” Another team participating in the race, Red Bull Racing, had partnered with Tezos to build an NFT fan experience. Due to the French advertising restrictions coming into the light, the Red Bull Racing team has also had to involve its legal team and bring the matter to the attention of its crypto partners. And F1 However, the most noteworthy of all crypto partnerships involved in the matter is the sponsorship deal between F1 and, which has been a global partner for the racing series since July 2021. The crypto exchange was also the title sponsor of the recently held Miami Grand Prix. However, the company has disclosed that it has decided not to utilize its branding rights for this leg of the competition. The spokesperson for also added, “But it remains F1’s global partner and we expect such rights to be leveraged in other ways at future races.” 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 agocryptodaily
Polygon Launches zkEVM Ethereum Layer 2 Solution
Ethereum scaling tool Polygon made a huge announcement during the Ethereum community conference (EthCC) held in Paris, announcing the launch of Polygon zkEVM. The company described the launch as a significant leap forward in zero-knowledge (ZK) technology. Polygon’s new zkEVM will feature Ethereum’s security while significantly increasing throughput and reducing fees. The First “Ethereum Equivalent Scaling Solution” Polygon issued a press release to elaborate on the launch, calling zkEVM the first Ethereum equivalent scaling solution, capable of seamlessly working with existing smart contracts, developer tools, and wallets. Ethereum can currently process around 15 transactions per second, far lower than rival blockchains such as Solana and Tezos. The blockchain also features significantly high gas fees, making it stiflingly expensive for developers and users. A Critical Cog In The Ethereum Network Rollups like the recently announced Polygon zkEVM are crucial, allowing the Ethereum community to increase the network’s capacity and enabling users to complete transactions quickly without compromising the integrity of the network and its security guarantees. There are primarily two types of rollups, Optimistic and zero-knowledge. Zero-knowledge is considered superior but is significantly complex to implement, which means the quicker-to-market Optimistic rollups have overtaken it. The Problem With ZK Rollups ZK rollups are powered by circuits or code that can prove the validity of a statement by looking at a bite-sized encrypted version of it. This allows a significant number of layer-2 transactions to be bunched up and sent to a layer-1 chain. Instead of looking at individual transactions, the ZK circuit looks at a tiny chunk of encoded data and confirms if transactions are valid or spoofed. “Generally, until now, it was only possible or feasible to build these use case-specific circuits. For example, a payment [platform], or NFT (non-fungible token) swaps – all these small individual things.” Nailwal believes that because of this, Current ZK-rollups are restricted to the kind of smart contracts they provide for. Introducing zkEVMs The concept of a ZK rollup that could accommodate any Ethereum smart contract was considered to be years away. This sentiment was echoed by Sandeep Nailwal, co-founder of Polygon, who stated, “Everybody thought [a zkEVM] was at least 12 to 18 months away. But here we are, and we are open sourcing the code and making the test net live.” Polygon has stated that the mainnet launch is expected to take place sometime in early 2023. “A zkEVM is a generic circuit on Ethereum. That means you … can write custom smart contracts the same way you can write them on Ethereum – anything and everything that you want to [program].” This simply means that developers can move any Ethereum smart contract into Polygon zkEVM without requiring any changes to the code. According to Nailwal, Polygon zkEVM will cut transaction fees by almost 90% when compared with Ethereum. He also stated that the network would be able to support around 50 transactions per second, compared to Ethereum’s 15. A Marked Improvement Over Current Options The Polygon co-founder believes that zkEVMs will be a marked improvement over Optimistic rollups such as Optimism and Arbitrum. However, Polygon zkEVMs will continue to have one major shortcoming with other rollups: a centralized sequencer. This means it utilizes a single party to bundle and order the layer-2 transactions sent to the layer-1 blockchain. However, Polygon has revealed that it is working on decentralizing this element of its process. 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.
24 days agocryptopotato
Celsius’ Bankruptcy Is Unsurprising, Says Tezos Co-Founder
The Tezos co-founder believes that Celsius' bankruptcy and other shakeouts in the industry are things that just wouldn't have worked.
26 days agocryptopotato
CoinShares Unveils Staked Algorand ETP on Deutsche Boerse
The new CoinShare's physically-backed ETP joins the list of other staked ETP offerings, including Polygon, Polkadot, Solana, Cardano, Tezos, and Cosmos.
27 days agocointelegraph
CoinShares launches staked Algorand ETP on Deutsche Boerse Xetra
The new Algorand ETP joins a family of CoinShares’s staked ETPs featuring cryptocurrencies DOT, XTZ, ADA, SOL, ATOM and MATIC.
39 days agocryptopotato
Bitcoin Stalls Below $20K, Tezos Soars 7% (Weekend Watch)
Tezos and Atom are among the few substantial price gainers on a 24-hour scale. Bitcoin stands still below $20,000.
40 days agocryptodaily
Can Logarithmic Finance (LOG) Surpass The Success Of Dogecoin (DOGE) Following Its Launch?
Finding the right asset to invest in in the cryptocurrency world can be very tricky if you have not got masses of knowledge. It is important to understand that the crypto market has been affected due to inflation in the same way the world economy has. However, there are thousands of cryptocurrencies on the market, with many more launching daily. A new token that hit the market recently you should consider is Logarithmic Finance. A coin for both investors and innovators has hit the market to revolutionise the crypto world. Where Is Logarithmic Finance At After Its Launch? If you are new to the crypto world or unfamiliar with LOG, Logarithmic Finance is a next-generation swapping protocol for early-stage innovators and investors. Its decentralised finance offers seamless connectivity and interaction unwinding the true potential of DeFi. The developers have strengthened and completely decentralised the liquidity auctions and fundraising by facilitating the cross-chain movement of tokens between heterogeneous blockchain networks while establishing interoperability. LOG is an ERC-20 token currently integrated on the Ethereum blockchain with its roadman showcasing its plan to incorporate networks such as Solana (SOL), Tezos(XTZ), Avalanche (AVAX), Polygon (MATIC) and BinanceSmart Chain (BNB). Its layer-III swapping protocol offers a secure, non-custodial and cross-chain environment with many opportunities to raise funds on any of the blockchains mentioned above. The homographic encryption eradicates the need to decrypt data packets while the computing process plays behind the scenes. Feedback is constantly collected from on-chain data to help the engineering and UI/UX team implement the changes needed to make your experience as efficient as possible. To expand the scope of innovators and investors LOGimplements cross-chain and multi-chain integration What’s so desirable about LOG is the fact it's looking to achieve 80% reduced gas fees with its robust code architecture by following a minimalistic approach, ensuring only important data is recorded on the blockchain. As NFTs have become extremely popular in the past few years, Logarithmic Finance operates the NFT Swap feature where LOG token holders are offered exclusive NFT auction functionality. LOG’s roadmap is looking very promising, with liquid staking, integration of the ERC721 token standard and LogDAO being on the cards. After its launch, the coin saw a 45% increase. You can buy LOG on Uniswap or on the Ethereum (ETH) blockchain. How Did A Meme Coin Become One Of The Largest Tokens On The Market? Known as the world’s largest meme coin, Dogecoin (DOGE)ranking 10th by market capitalisation is a coin that started as a joke. It is a decentralised open source peer-to-peer cryptocurrency based on a dog. The Inu breed dog meme which became a sensation in 2013, is now the face of Dogecoin. The coin recently skyrocketed due to Tesla’s CEO Elon Musk, also known as the ‘Dogefather’, revealing his favouritism for the coin. He tweeted that it was actually thefactory workers on the floor that had told him and asked him to support it. “I just had a lot of people who are not that wealthy, who have encouraged me to buy and support Dogecoin,” Musk said. “So I’m responding to those people. Just people that work in the factory of SpaceX or Tesla, they’ve asked me to support Dogecoin.” SpaceX has announced that it will start accepting Dogecoin in the near future, showcasing that although Dogecoin is a meme token there is nothing laughable about it. The number of whales has grown by 100% with this renewed interest, showing there is hope for meme coins. Although Logarithmic Finance is not a meme coin, it has had an incredibly successful presale making it one of the most desired tokens in the market after its launch. Learn more about Logarithmic Finance down below: Presale: Website: Telegram: 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.
42 days agocryptodaily pulls Dogecoin and Shiba Inu from Crypto Earn has revised the number of tokens that will be available on their Crypto Earn program, with Dogecoin and Shiba Inu being among the coins that will be removed from the platform’s Earn feature. The cryptocurrency exchange is one of the largest in the world, cementing their status as a key player in the industry over the past few years, and stamping their brand on the former Staples Center, now known as the Arena. However, with the past few months of instability in the cryptocurrency markets has faced some difficult times. With some major changes in the industry, and cutting around 5% of its workforce, CEO, Kris Marszalek shared the decision to cut down the workforce as part of the “difficult and necessary decisions to ensure continued and sustainable growth for the long term”. The announcement titled ‘Crypto Earn Updates: Changes to Available Tokens and Revised Rates for Select Stablecoins’, is part of a re-shuffle that included a further announcement that it has started accepting Apple Pay in its app for U.S. users. “In addition to the new tokens and revised rates, the following tokens will no longer be available on Crypto Earn: SHIB, DOGE, XTZ, MKR, EOS[...]FLOW, KNC, ICX, COMP, BIFI, ONG, GAS, STRAX, BNT. Existing fixed-term allocations for these tokens will remain unchanged and continue until the term ends. Funds from any active flexible-term allocations for the tokens listed above will be automatically returned to users’ Crypto Wallet by 28 June 2022, 10:00 UTC.” The removal of Dogecoin and Shiba Inu from resulted in a dip of Cronos (CRO), the utility token of the platform, as users criticised for the removal of the popular meme coins. 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.
43 days agocryptopotato
Bitcoin Dipped Towards $20K, Tezos (XTZ) Jumps 9%: Market Watch
Tezos is among the very crypto assets in the green with a 9% daily increase. Bitcoin now sits close to $21,000.
44 days agocryptodaily
The Key to Crypto Success: Be Lazy and Do Less
The cryptomarkets are volatile beasts at the best of times. In recent months they have been in volatility overdrive, with one bloodbath following another as basically every token with any utility crashed and burned. Those who bought in at the height of crypto’s astonishing bull run in 2021 - and there were many - have been absolutely REKT by the disaster that followed. While Bitcoin is currently down about 70% from its November all-time high of $69,044, altcoins have fared even worse, with the likes of SOL down 85% and AVAX crashing by an incredible 93% in the last few months. Some have tried to trade their way out of trouble, but even the best traders can get REKT. Smarter traders operate on the idea that every good trade helps them to survive a couple of bad ones, but when the market is in freefall it becomes tough no matter what you do. Add to that, trading is a labor-intensive occupation that’s far too absorbing to be just a side hustle. Once you get started, it becomes incredibly consuming, with every waking moment spent watching the charts, news and trends in an attempt to second-guess what will happen next. So what to do in a bear market as depressing as this one? Try as we might, it’s almost impossible to do nothing at all, and all the more so when your portfolio’s value evaporates to nothing before your eyes. Luckily for crypto fans this is a unique space that always presents opportunities to eke out a profit, no matter what the market conditions are. Even better yet, there are ways to do so that don’t involve spending countless sleepless nights watching the market crumble away to hell. Here are five of the laziest yet most profitable ways to make it big in crypto. Staking First up is taking, which is something that can only be done on a proof-of-stake blockchain. PoS, as it’s known, provides a way for network users to participate in the validation of new transactions to the blockchain and earn rewards for doing so. Staking is perhaps the simplest way to earn money from crypto because unlike miners on proof-of-work blockchains, there’s no need to invest in tons of expensive hardware. All that’s needed is to deposit tokens on a platform that supports staking. The rewards will be determined by the amount of coins staked, though bear in mind that they are paid out in the same native token, whose value constantly fluctuates. So, if the price of the token drops, so does the value of the rewards. Some of the best blockchains for direct staking include Coinbase,, Binance, eToro, Kraken and Gemini. The way staking works is that, the more tokens staked the higher the rewards will be. The exact mechanism for choosing a validator varies from network to network, but in most cases it's a randomized process that gives greater weight to those who stake more tokens. The average rewards vary from token to token, but as an indication most platforms that support Ethereum staking will pay out an APY of 6%. From the lazy investor’s point of view, the most important thing to remember is that the more coins you stake, the higher your rewards can be. Providing Liquidity Also known as yield farming, this involves depositing coins into liquidity pools on decentralized exchanges. DEXs, as they’re known, incentivize users to deposit tokens into their liquidity pools so that traders have the liquidity required to make seamless, instantaneous swaps on their platforms. This is unlike centralized exchanges, which rely on order books to pair the various buy and sell orders they receive. LPs can then receive a portion of the transaction fees generated by each pool as a reward for locking up their assets and providing this liquidity. Liquidity pools are created using smart contracts that self-execute and often require that users agree to lock their tokens in the pool for a specified amount of time. This can be risky because you never know what will happen to that token’s price during that time, but the rewards are among the highest of all in terms of passive income, with some platforms offering an APY of 30% on the best known tokens. Providing liquidity isn’t without risk though. Because most liquidity pools are dual-asset pools, participants are usually required to deposit both tokens in a pair. This puts them at risk of impermanent loss, which is a unique risk that refers to the value fluctuations of those two assets. Impermanent loss occurs when funds are deposited into an Automated Market Maker and then withdrawn at some later date. In some cases, the price movements might mean the LP has lost more money than they’d have made simply from hodling those tokens. Luckily, there are a number of DeFi protocols trying to address this risk. Balancer has created a unique approach to liquidity that makes it possible to provide liquidity to Ethereum trading pairs without exposure to the price of ETH. So they can earn passive income on the trading fees of assets such as MKR or ZRX, without any risk of impermanent loss. Users simply earn rewards from the trading fees involved in those asset swaps. Further, it provides higher returns on low demand assets by leveraging arbitrage opportunities and the desire to mitigate slippage. Lending Another opportunity to make money in crypto is with lending, the concept of which is fairly self explanatory. Lenders can earn a profit by putting their funds into a pool that other users can borrow against. There are multiple platforms that facilitate crypto lending, with some of the most popular ones being Aave, Compound and Nexo. What’s great about this model is that borrowers are still vetted by third parties and they are often required to deposit some kind of collateral, usually another kind of crypto token. What’s more, by depositing tokens into a pool with other user’s funds, the risk of a borrower defaulting on a loan is spread across multiple users. In the case of Nexo, the exact level of interest paid out depends on the token. It supports 32 tokens at present, with the highest interest generally being paid to those who loan stablecoins, as they are often the most in-demand. What’s good about Nexo is the options users have - they can either earn interest paid out in the same token they deposited, earning ETH on the ETH they deposit, for example, or earning interest in the platform’s NEXO token, which provides an additional 2% as an incentive. Another factor that affects the APY Nexo users can earn is their loyalty level. This is determined based on the percentage of NEXO tokens within a user’s portfolio, rather than the total amount they have deposited. So rich whales don’t get preferential treatment on Nexo. The higher the percentage of NEXO tokens someone has, the greater their loyalty level is, leading to higher interest payouts. Like everything else in crypto, there are risks associated with lending. In addition to borrowers defaulting, it’s also possible that the DeFI platform itself might have problems, as highlighted recently by Celsius when it announced it was temporarily pausing all “withdrawals, swaps and transfers between accounts” due to what it said was “extreme market conditions”. The announcement immediately sparked fears that Celsius likely doesn’t have the assets to back up its deposits in the event of a rush by investors to withdraw their funds. Copy Trading Copy trading is designed for people who’d still like to trade without putting any effort in whatsoever. It’s a perfect lazy way to earn a passive income that involves just replicating the trades of more experienced investors in order to enjoy the same high returns as they do on a daily, weekly and monthly basis. What’s great about copy trading is it doesn’t require big funds either, with many platforms starting at as low as $1 per trade, making it a very accessible way to grow your portfolio. One of the most popular such platforms is BingX, which allows users to follow multiple professional traders simultaneously. For copy traders, the only work they need to do is identify which traders to follow. Luckly, BingX provides lots of useful data on the best trader’s trading history, their risk-reward ratio, return-on-investment indicators and other parameters. More recently, BingX has launched a unique take on copy trading, called “Grid Trading” in order to give its users more flexibility. Grid trading is a strategy that, in simple terms, involves hedging, or placing simultaneous buy and sell orders at certain levels. The aim of this approach is to maximize the profits while the in-built hedging system ensures that the risks are minimized. What BingX has done is apply the benefits of this strategy to copy trading to help ensure traders can consistently take profits from the volatility of crypto assets. With grid trading, users can set gradual buy and sell orders within a defined range of prices. So long as the price oscillates between these ranges, users can earn a reliable profit from the price swings. Become A Validator The final option for lazy crypto profiteering is to become a network validator, which is really just a more sophisticated way of staking. Becoming a validator means taking on the responsibility of serving as an independent node on a PoS blockchain. Unlike regular staking, it requires users to stake a pretty substantial, minimum number of coins, though the exact amount will depend on the blockchain. In the case of Ethereum, one of the best known and most popular blockchains for validators, that minimum is set at 32 ETH (around $36,000 at the time of writing). You’ll also need an additional 1 ETH to pay for the gas fees. Luckily, there are plenty of blockchains with a much lower minimum staking requirement, such as Cardano, Tezos and Cosmos, to name just three. A second requirement is that you’ll require a fair amount of storage space on whatever computer you use to do the validation - with Ethereum, that’s 250GB, plus an additional 8GB of RAM. And while you don’t need to be an expert, you also need to read up on the technical specifics of how to get the node software up and running. The rewards for validating will depend on the amount of tokens you’re staking on the network. So this becomes a key decision, because most networks require that these funds are locked up for a specific period of time. The more coins you stake, the higher the potential rewards, but bear in mind you won’t be able to withdraw them and sell them, no matter what happens to the price of those tokens. Staking rewards are calculated as a percentage of the staked funds, and vary depending on the price of that asset. 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
48 days agocryptodaily
LONDON, UK, 22nd June, 2022, ChainwireAt Art Basel, world renowned performance artist Marina Abramović announced in a panel discussion that she will launch her first ever NFTs titled The Hero 25FPS on the energy-efficient Tezos blockchain July 25th, 2022. This one-of-a-kind performance on the blockchain, presented in collaboration with the Cultural Institute of Radical Contemporary Art (CIRCA), depicts the figure of a steadfast woman astride a white horse holding a white flag that is waving gracefully in the wind, over the expansive landscape of trees and sky in Spain. The Hero 25FPS (frames per second) offers an opportunity to collect time and holds a symbolic charge as it is set against today's backdrop of global instability, escalating conflict and climate breakdown. For this performance on the blockchain, Abramović is revisiting one of her most personal and autobiographical works titled The Hero (2001), which is appearing every evening this summer across the CIRCA global network of screens in London, Seoul, Milan, Berlin, Japan and New York City (Times Square). Originally filmed at 25 frames per second, never before seen footage commissioned by the Fundación NMAC showing the artist holding a white flag astride a white horse has been separated into thousands of unique single frames to create The Hero 25FPS NFTs, with each frame dramatically influenced by the changing wind. This July, Abramović will invite the public to experience time through collecting either single unique frame NFTs (.JPG) or multiple unique frame NFTs (.GIF) on the Tezos blockchain. Expanding the concept of time-based media for a Web3 audience, this collaborative performance will engage thousands of NFT collectors with the once-in-a-lifetime opportunity of owning an affordable NFT by one of the world’s most famous performance artists, whilst also supporting the wider Web3 community. The work will be part of an unprecedented three-month CIRCA presentation, and a global call for courageous heroes at a pivotal moment in our collective history. “Our planet needs uncorrupted heroes with morality, who embody courage and bring real change. Every day in this world is a shaky, uncertain, constantly changing landscape. For CIRCA 2022, we have this white horse. This white flag. This beautiful land. We need heroes that can bring new light to illuminate us. Heroes that can inspire us to be better, and to work together, not against each other. Heroes who care,” said Marina Abramović. This performance of co-creation between Marina, CIRCA and NFT collectors on the Tezos blockchain will provide thousands of people with the once-in-a-lifetime opportunity of owning accessible NFTs by one of the world’s most famous performance artists, while also supporting creators around the world. Marina has highlighted the importance that her NFTs be both accessible and environmentally friendly, which is why she chose to mint The Hero 25FPS on the Tezos blockchain: “Energy consumption is really important. I don't want it to be” said Abramović when speaking about NFTs at Art Basel. Tezos’ energy-efficient design, low costs for minting and collecting NFTs, have attracted a diverse, global community of artists, collectors, and builders. Tezos is the home of major NFT platforms such as fx(hash),,, and leading more artists to choose to create and collect on Tezos than ever before. “I didn't do NFTs for a while, because I needed to find for myself the right content that really works” said Marina. Pushing the boundaries between audience and artist, this July Abramović will invite the public to experience time through collecting either single unique frame NFTs (.JPG) or multiple unique frame NFTs (.GIF) to co-create and determine how The Hero 25FPS is minted on the Tezos blockchain. What’s more, Marina Abramović has also partnered with CIRCA to create the HERO Grant, a new initiative that aims to support and amplify the work of activists and changemakers in the Web3 community. A percentage of the funds raised from The Hero 25FPS NFTs will be circulated back into the Tezos Web3 community in the form of grants from this initiative. Candidates are invited to complete the application form here to apply. “I want to just talk about something that is so interesting about the Web3 space, and this young generation of people who work with NFTs. In the beginning, the older generation of artists likes to ridicule them and likes to think that this is nonsense, this is just bullshit. Same would happen to me in the 70s” said Marina Abramović. “Say to the young kids in Web3, just don't give up, because you're the future, you have the vision.” Expanding on the HERO Grant dedicated to heroes in the Web3 space at Art Basel, Marina Abramović said: “We need people with a vision that can bring new light, that we can really look up to and look at their morality and be inspired. We need real heroes right now”. Visit to register interest and be the first to receive news of the NFTs straight to your inbox. ### ABOUT MARINA ABRAMOVIĆ Marina Abramović is one of the first performance artists to become formally accepted by the institutional museum world with major solo shows taking place throughout Europe and the US over a period of more than 25 years. In 2023, Abramović will be the first female artist to host a major solo exhibition in the main galleries of the Royal Academy of Arts in London. Her first European retrospective ‘The Cleaner’ was presented at Moderna Museet in Stockholm, Sweden in 2017, followed by presentations at the Louisiana Museum of Modern Art in Copenhagen, Denmark, Henie Onstad, Sanvika, Norway (2017), Bundeskunsthalle, Bonn, Germany (2018), Centre of Contemporary Art, Torun (2019), and concluding at the Museum of Contemporary Art Belgrade, Serbia (2019). In 2010, Abramovic had her first major U.S. retrospective and simultaneously performed for over 700 hours in “The Artist is Present” at the Museum of Modern Art in New York. In 1997, Abramovic was awarded the Golden Lion Award for Best Artist for her performance Balkan Baroque at the Venice Biennale. In 2006, Abramovic received the U.S. Art Critics Association Award for Best Exhibition of Time Based Art for her performance Seven Easy Pieces at the Guggenheim in New York City. In 2008, Abramovic received the Austrian Decoration of Honor for Science and Art in Vienna. In 2011, she was awarded Honorary Royal Academician status by The Royal Academy in London. In 2013, Abramovic was awarded the Ordre des Arts et des Lettres Officer for her work in Bolero, Paris. In 2014, Abramovic was named one of The 100 Most Influential People by TIME Magazine. In 2021, Abramovic was awarded the Princess de Asturias Award for the Arts, in Spain. ABOUT CIRCA CIRCA is a digital art and culture platform with purpose. We stop the clock on global media spaces every evening at 20:22 and mobilise the world’s greatest creative minds to broadcast unique works that consider our world today, circa 2022. The funds we generate from artist print sales drive the #CIRCAECONOMY - a circular model that supports our free public art programme and creates life-changing opportunities for the art and culture community. Since launching in October 2020 on London’s iconic Piccadilly Lights, CIRCA has commissioned new work from rising and established artists including Ai Weiwei, Cauleen Smith, Eddie Peake, Anne Imhof, Patti Smith, Tony Cokes, Emma Talbot, Vivienne Westwood, James Barnor, David Hockney & Yoko Ono. For more information, please contact [email protected] ABOUT TEZOS Tezos, an open source, energy-efficient blockchain is helping re-imagine the digital canvas for artists. Tezos’ energy-efficient design and low costs for minting and transacting NFTs have attracted a diverse global community of artists, collectors, and builders. With Tezos home to major NFT platforms such as fx(hash),, and, more artists are choosing to create on Tezos than ever before. In the spotlight at this year’s Art Basel in Basel was the groundbreaking exhibition – Chance Encounters in New Mediums: Generative Art, Presented by Tezos. This unique interactive exhibition from Tezos, an energy-efficient blockchain, transformed generative art into a living artistic process, where the element of chance was celebrated, and etched onto the blockchain. For more information, please visit [email protected]
49 days agocryptodaily
Moonfire Ventures and Leading Web3 VCs Hosts Tezos Blockchain Pitch Day for Web3 Entrepreneurs
LONDON, UK, 21st June, 2022, Chainwire Moonfire Ventures is collaborating with the Tezos ecosystem to further accelerate some of the Tezos ecosystem's most exciting projects. Pitch Day is an opportunity for projects being built on the Tezos blockchain to engage with leading venture capitalists and Web3 advisors. Applications are open to all categories including DeFi, Gaming, NFTs, and digital identity. The deadline to apply is June 24 and final pitches will take place on July 14. Leading European Web3 ventures Moonfire, Cherry, and Fabric, have announced they are collaborating with the Tezos ecosystem for their first-ever Tezos “Pitch Day.” Pitch Day is an unique opportunity for projects being built on the Tezos blockchain to engage with potential investors and advisors. Applications are open, regardless of any previous funding or project maturity. Project categories may include DeFi, Gaming, NFTs, digital identity, and more. The official Pitch Day, to be held on Thursday, July 14th, will feature a short list of submissions. If selected to participate, participants will have access to office hours for mentorship and coaching, along with ongoing support when preparing for the pitch. The pitch will be a 3 to 4 minute virtual presentation, live with the Moonfire team and a panel of potential investors. To submit an application, click HERE. The deadline for applicants is Friday, June 24. Moonfire Ventures is a next-generation venture capital firm supporting the most innovative early-stage founders focused on global technological disruption. The firm has stated that the potential of the blockchain as a globally distributed transactional database is changing the way that the world computes and unlocking new product capabilities. The Pitch Day” collaboration between Moonfire VC and the Tezos ecosystem is a concerted effort to tap into the growing wave of new, exciting projects being built on the Tezos and equip founders with the resources they need to achieve success. Tezos is one of the pioneer Proof of Stake blockchains and allows developers and brands to build consumer friendly applications at low cost with industry leading security, speed, and energy efficiency. The Tezos ecosystem is home to a thriving community of builders and creators leveraging easy-to-use developer tools to build powerful applications for the ecosystem of decentralized applications. To learn more about Moonfire, visit and follow @Moonfire_VC To learn more about Cherry Ventures, visit To learn more about Fabric Ventures, visit For more information on Tezos, visit and follow @Tezos on Twitter. ### Moonfire Ventures: Moonfire is a “first money in'' European seed fund focused on helping founders at the very start of their journeys to create the right foundations for exponential growth. Moonfire was founded in 2020 by Mattias Ljungman, a co-founder of Atomico, one of Europe’s top venture funds with over $2bn assets under management. He has spent 20 years investing in the best European founders. His key investments include Klarna (valued at $31bn), Supercell ($5bn exit to Softbank), Viagogo (valued over $2.25bn) and Climate Corp ($1.1bn exit to Monsanto). Moonfire focuses on investing in Health & Wellbeing, Work & Knowledge, Gaming, Community & Leisure and Capital & Finance with recent investments across Europe. Cherry Ventures: Cherry Ventures is an early-stage venture capital firm led by a team of entrepreneurs with experience building fast-scaling companies such as Zalando and Spotify. The firm backs Europe's boldest founders, usually as their first institutional investor, and supports them in everything from their go-to market strategy and the scaling of their businesses. Cherry Ventures has previously invested in the seed stage of over 75+ companies across Europe, focussing on climate tech, agritech, fintech, ecommerce, software, and more. The broader 24-person team has local presence in Berlin, Stockholm, and London and features a multitude of backgrounds in fields such as computer science, health and neuroscience, law, media, organizational design, product, finance, and more. The team itself comes from the US, UK, Canada, Germany, Italy, and Sweden. Fabric Ventures: Fabric backs the founders of the Open Economy. Investing in builders, businesses, and networks from inception to scaling since 2012. About Tezos: Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow's innovations without network disruptions today. For more information, please visit [email protected]
57 days agocryptodaily
Chance Encounters in New Mediums: The Generative Art Renaissance at Art Basel in Basel 2022, Presented by Tezos
Basel, Switzerland, 14th June, 2022, Chainwire “Chance Encounters in New Mediums: Generative Art, Presented by Tezos,” will be on view from June 16-19, 2022 at Art Basel in Basel and will explore a living artistic process, where the element of chance is celebrated and etched onto the blockchain. The exhibition will be headlined by visionary early generative art pioneer and sci-fi writer Herbert W. Franke. The interactive experience lets visitors co-create a new generative artwork that is automatically minted as an NFT and gifted to attendees in real-time. The installation will feature generative algorithms from Aleksandra Jovanić, Eko33, Ryan Bell, and Sam Tsao. The Tezos NFT Speaker Series will be held in the Art Basel Auditorium in Hall 1 with the aim of raising awareness of the powerful role of NFTs in the art world, and beyond. Tezos, an energy-efficient blockchain, has gained global acclaim as a platform of choice for artists looking to mint NFTs sustainably and responsibly. The contemporary renaissance of generative art will be in the spotlight at this year’s Art Basel in Basel at the groundbreaking exhibition – Chance Encounters in New Mediums: Generative Art, Presented by Tezos. This unique interactive exhibition from Tezos, an energy-efficient blockchain, will transform generative art into a living artistic process, where the element of chance is celebrated, and etched onto the blockchain. Chance Encounters in New Mediums: Generative Art, Presented by Tezos will be headlined by generative art pioneer Herbert W. Franke with his 1979 MONDRIAN program courtesy of Herbert W. Franke and Susanne Päch. MONDRIAN is a dynamic generative program created on a TI-99/4, the first 16-bit home computer. On display will be a 21:21 minute sequence of the dynamic generative program captured at a solo exhibition in 2010 at ZKM, now minted as an NFT on Tezos. The piece will sit at the center of the exhibition space, surrounded by the work of four up-and-coming generative artists. Aleksandra Jovanić, Eko33, Ryan Bell, and Sam Tsao, will present generative algorithms which will enable visitors to co-create a new generative artwork that is automatically minted as an NFT and gifted to attendees in real-time. Blockchains such as Tezos are helping re-imagine the digital canvas for generative artists. As with technology, art is in a constant state of evolution. The exhibition explores the evolutionary intersection between art and technology, where artists everywhere are reimagining what generative art could be in this new medium. The Tezos exhibition invites attendees to step into this world and explore first-hand the role of NFTs in the art world and beyond. At the core of the exhibition is the generative art platform fx(hash). fx(hash) is a unique tool in the NFT art world, enabling collectors to engage with generative art in a whole new way through the blockchain. fx(hash) will power the interactive element of the installation where fair goers will be able to scan a QR code and set in motion the process of creating a new artwork rendered autonomously by one of the artist’s algorithms. Each interaction with the installation is a chance encounter; an opportunity to trigger the creation of a new generative artwork that is automatically minted as an NFT and gifted to visitors in real-time. In addition to the exhibition at the Tezos NFT Lounge in Hall 1, the Tezos art community will host the Tezos NFT Speaker Series in the Art Basel Auditorium. Programming curated by the community will feature representatives from institutions such as HEK Basel, Cortesi Gallery, Light Art Space Foundation, and Galerie Nagel Draxler and artists Marina Abramović, Kevin Abosch, Sasha Stiles, and Iskra Velitchkova. The speaker series will explore topics ranging from what galleries and museums need to know about Web3 to revealing the secrets of collecting art on the blockchain. The programming will run Thursday, June 16 from 10:00am - 12:00pm; Saturday, June 18 from 10:00am - 12:00pm and 5:00pm - 5:45pm; and Sunday, June 19 from 10:00am - 6:00pm CET. Tezos will host an NFT Open House for VIP ticket holders on Wednesday 2:00-4:00pm and Thursday 10:00-11:00am CET at the Tezos exhibit located across from the Art Basel Auditorium in the Unlimited Hall. The open house will provide VIP fair goers a chance to discuss NFTs and the historical relationship between art and technology. Tezos’ energy-efficient design and low costs for minting and transacting NFTs have attracted a diverse global community of artists, collectors, and builders. With Tezos home to major NFT platforms such as fx(hash),, and, more artists are choosing to create on Tezos than ever before. Sales on Tezos art marketplaces are up 70% percent in the last 30 days and sales on, the largest marketplace in the Tezos ecosystem recently eclipsed over $100m in sales in the past year. Chance Encounters in New Mediums: Generative Art, Presented by Tezos will be on view from June 16-19, 2022, at Art Basel in Basel, at Messe Basel. Please visit for more information. For more information on fx(hash), visit and follow @fx_hash_ on Twitter. ### About Tezos: Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow's innovations without network disruptions today. For more information, please visit About Art Basel: Founded in 1970 by gallerists from Basel, Art Basel today stages the world's premier art shows for Modern and contemporary art, sited in Basel, Miami Beach, Hong Kong, and Paris. Defined by its host city and region, each show is unique, which is reflected in its participating galleries, artworks presented, and the content of parallel programming produced in collaboration with local institutions for each edition. Art Basel’s engagement has expanded beyond art fairs through new digital platforms and a number of new initiatives such as the Art Basel and UBS Global Art Market Report, Intersections: The Art Basel Podcast and the BMW Art Journey. Art Basel's Global Media Partner is The Financial Times. For further information, please visit [email protected]
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About Tezos

The live price of Tezos (XTZ) today is 1.6408 USD, and with the current circulating supply of Tezos at 903,080,589.54 XTZ, its market capitalization stands at 1,481,793,672 USD. In the last 24 hours XTZ price has moved 0.0836 USD or 0.05% while 27,511,232 USD worth of XTZ has been traded on various exchanges. The current valuation of XTZ puts it at #39 in cryptocurrency rankings based on market capitalization.

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

Created by the husband-and-wife duo Arthur and Kathleen Breitman, Tezos (XTZ) is an open-source, decentralized blockchain network that facilitates easy creation and deployment of smart contracts and decentralized applications (DApps). 

Unlike its popular peers, Bitcoin and Ethereum, Tezos has a self-amending and a more advanced protocol that undergoes modifications based on an on-chain governance system. This, theoretically, allows Tezos to evolve and improve with time, freely embracing developments in the blockchain space, without facing the risk of a hard fork. 

While the Tezos whitepaper was released in 2014, and its Initial Coin Offering (ICO) — one of the more successful token offerings — took place in 2017, the Tezos mainnet went live much later, in September 2018. 

Commonly referred to as ‘Tez’, XTZ is the native coin of the Tezos blockchain which is used to - pay fees on the network, interact with the DApps running on it, secure Tezos network (via its staking mechanism) and to provide a basic accounting unit for the overall Tezos ecosystem.

XTZ price

XTZ was trading at a little under $3 in early July 2018, a month after the Tezos testnet launch. XTZ price dropped under $2 by the time its mainnet launched and the cryptocurrency ended 2018 trading around $0.5. 

While the price of Tezos surged briefly in May 2019, it continued to trade around $1 for most of 2019, ending the year at around $1.4.

According to our XTZ live price chart, 2020 proved to be a great year for Tezos price in USD terms as it touched a couple of noteworthy highs of almost $4 and $4.5 in the months of February and August, respectively. This was after the Tezos network had undergone multiple on-chain upgrades in the previous year, as well as in 2020, including Athens, Babylon, Carthage and Delphi upgrades. However, by late 2020, XTZ price had retraced to around $1.5, returning to life only a couple of months later, buoyed by a market-wide crypto boom. 

XTZ coin began its next notable ascent around February 2021, breaching the $8 mark in May 2021. It was in the same month that Tezos was announced as the official blockchain partner of Red Bull Racing Honda F1 team. However, a corrective phase followed, with XTZ plummeting down to $2 by late July 2021. Later that year, with the crypto market witnessing yet another bull run, XTZ coin registered its all-time high of $9.17 on Oct. 4, 2021. The coin’s price has since retreated to under $3.5, a range it failed to break by Q2, 2022.

How XTZ works

Tezos employs a variation of the Nakamoto-style Proof-of-Stake consensus algorithm, called Emmy+. It features two main entities:

Bakers: These are network participants responsible for block creation activity on the Tezos network. They must own at least 8,000 XTZ to quality, but the more XTZ coins a baker holds, the higher will be the probability of them getting a chance to bake the next block. Bakers earn 16 XTZ coins for adding each block to the Tezos blockchain.

Endorsers: These network participants are responsible for verifying the blocks created by the Tezos bakers, and normally earn an endorsement award of 2 XTZ per verification.

If an XTZ owner doesn’t have the required 8,000 XTZ coins to qualify for block creation activity, or simply isn’t interested in setting up the expensive computing infrastructure required, they can choose to delegate their Tezos coins to a baker. This ability to delegate is also why the Tezos consensus system, Emmy+, is also referred to as a type of Liquid Proof-of-Stake (LPoS) system.

Notably, bakers also get the right to vote on governance proposals floated for suggested changes to the Tezos blockchain. Any baker that behaves dishonestly stands to lose their deposit as a penalty. This ensures honesty among network participants and enhances its security.

In Q2 2022, Tezos had a throughput of around 200 transactions per second and positioned itself as an energy-efficient blockchain. It has witnessed rapid adoption over the years, with some of the leading brands like Red Bull Racing Honda, Ubisoft, McLaren Racing, Societe Generale and others becoming a part of its ecosystem.

XTZ news, updates and highlights

Just months after its successful ICO, Tezos was embroiled in a lawsuit by some of its investors, who alleged that the offering was an unregistered securities sale. The lawsuit was eventually settled for $25 million in 2020.

In a major Tezos news development, video game publishing giant Ubisoft selected the Tezos blockchain to launch in-game NFTs via the Ubisoft Quartz platform. The move was announced in December 2021 and was followed by a surge in XYZ price, but the gaming community criticized the use of NFTs due to various concerns, including but not limited to their perceived environmental impact.

In more recent XTZ news, it was announced in February 2022 that Tezos' year-on-year transactions and smart contract activities had surged significantly owing to the rising demand for NFTs. As per Coin Metrics’ “State of the Network” report, smart contract transactions on the network had increased to a noteworthy 50,000 per day, compared to less than 10,000 per day a year earlier, in January 2021. 

Frequently asked questions about XTZ

  • Is it possible to mine or stake XTZ?

Though you cannot mine XTZ, it’s possible to stake your XTZ holdings and earn staking rewards in the form of more XTZ coins.

  • Which are some of the best wallets for XTZ?

Some of the crypto wallets recommended by the official Tezos site include Kukai, AirGap, Guarda, Trust Wallet, Galleon Wallet, Tezos CLI, Trezor and Ledger.

  • What can you do with XTZ coins?

You can use your XTZ coins to pay transaction fees on the Tezos network, stake them for staking rewards or use them on DApps deployed on the Tezos blockchain.

  • Which is the best place to buy XTZ?

Most crypto investors and traders buy XTZ on reputed trading platforms like Binance, Coinbase, OKX and others. You can buy XTZ with fiat currencies, or exchange your BTC, XRP, SOL, ADA, MATIC and other coins for XTZ.

Tezos Price1.6408 USD
Market Rank#39
Market Cap1,481,793,672 USD
24h Volume28,657,981 USD
Circulating Supply903,080,589.54 XTZ
Max SupplyNo Data
Yesterday's Market Cap1,480,197,600 USD
Yesterday's Open / Close1.5556 USD / 1.6392 USD
Yesterday's High / Low1.6392 USD / 1.5301 USD
Yesterday's Change
0.05% ( 0.0836 USD )
Yesterday's Volume27,511,232 USD
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