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UpToken price, market cap on Coin360 heatmap

UpToken(UP)

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$1.2979
(5.67%)
0.00005418 BTC
Market Cap (Rank#174)
$190,198,275
7,939 BTC
Vol 24h
$222,657
9.294388 BTC
Circulating Supply
146,540,250
Max Supply
?
4h agocointelegraph
Maven 11 launches $30M lending pool on Maple as borrowers turn to DeFi
With liquidity drying up in the wake of CeFi contagion, borrowers are turning to decentralized finance for their credit needs.
6h agocryptodaily
Gala is announcing a partnership with Stick Figure Productions to distribute Four Down on the Blockchain
Jackson, WY, USA, 11th August, 2022, ChainwireGala, one of the leading innovators in blockchain gaming and music, has announced the launch of Gala Film. This new vertical from the world-leading Web3 company continues the brand’s commitment to providing fans with unique opportunities to enrich their experiences coupled with amazing programming and exciting projects. With this announcement Gala Film also shared they will partner with Oscar-nominated and Emmy Award Winning Stick Figure Productions to present FOUR DOWN, a feature-length documentary directed by award-winning filmmaker Steven Cantor based on the New York Times best-seller NOT WITHOUT HOPE, written by Nick Schuyler and Jere Longman. Other notable upcoming projects/partnerships include: A partnership with Ai&Aiko, one of the most popular GIF lines in history was awarded GIPHY’S Number 1 Artist of the Year with over 48 billion views and holds 4 Guinness World Records. This will see Peter Draw’s simplistic and charming visual storytelling brought to life through the Gala Film platform A partnership with Filmmaker and Actor, David Bianchi (“True Story’’ Netflix, “Resident Alien” Universal / Peacock) and founder of Exertion3 (a blockchain film production company) to produce Live Action Sci-Fi Series “RAZOR” for Exclusive Blockchain Release A partnership with Battle Island in the production of their animated series ‘Ghosts of Ruin’ (see more here) Making the Chronic’ - a series of 16 short films where Snoop Dogg narrates each of the tracks on his album released through Gala Music The core benefit of Gala Film is its ability to offer a ‘Watch and Earn’ mechanic through the same blockchain technology that underpins Gala Music’s ‘Listen and Earn’ and Gala Games’ ‘Play and Earn’ ecosystem, offering fans ways to earn rewards through nodes and NFTs. With Gala Film, fans now have the power to actively participate in the content they consume, take control of their entertainment through digital ownership and support new projects by voting on script choices or casting. Filmmakers and artists can also reclaim their creative licence through a deeper connection with their audiences and the ability to distribute their content directly to the people that want to watch it. By adding film alongside its successful music and games platforms, Gala is also able to offer an interoperable ecosystem where fans can benefit from crossover content. Sarah Buxton, COO of Gala, said: “The launch of Gala Film marks the beginning of a new era in Web3 entertainment, led by Gala. Our ecosystem offers exceptional involvement and access to new launches, with fans able to enjoy unique experiences, empower creatives and get rewarded for doing so. We are committed to delivering fan-first entertainment, where technology is used to improve fan experiences without ever becoming a barrier to entry or enjoyment.” About Gala Gala is a world-leading Web3 entertainment company that uses blockchain technology to power digital ownership and rewards, creating a revolutionary new way of building and consuming entertainment. Launched in 2019 with Gala Games, Gala is the parent company to Gala Games, Gala Music and Gala Film. The vision brings all three brands together in the shared pursuit of offering fans unique and immersive experiences powered by Web3. Gala also gives creative licence back to content creators and emerging talent with a direct route to fans and the ability to offer genuine involvement in new projects. For more information, visit: https://gala.com ContactsPublic RelationsMaggie [email protected]
7h agocryptodaily
Hackless Pioneers B2B & B2C Security Tool for DeFi, Saving Nearly $500,000 for Clients
designed a comprehensive security platform which aims to protect the decentralized finance (DeFi) world from targeted exploits, as well as safely migrate funds from individual wallets and protocols under attack. Hackless works at the infrastructure level of EVM-compatible blockchains, uniting several elements from the blockchain ecosystem in order to strengthen a DeFi protocol’s security from the lowest levels of its ecosystem. The platform has three core services which it uses to help defend against exploits and recover funds: Watchdog – A mempool monitoring tool which tracks suspicious transactions. SafeMigrate (B2B) – The first-to-market service which ensures that funds can be successfully migrated from a paused DeFi protocol that is being attacked. Conductor (B2C) – A private mining provider that ensures the safe and undetectable migration of user's funds from compromised wallets. The Hackless team believes this type of active protection is critical to the future innovation in the DeFi space given the substantial increase in the value of assets being locked up in DeFi applications. Serhii Androsiuk, co-founder and CEO of Hackless, commented: “The daunting thing about DeFi right now is that the rising tide of recent security exploits seems to out-speed the adoption and development of DeFi as such. Seven of the ten largest crypto thefts from January 2021 to March 2022 involved DeFi protocols. Frequent brutal exploits of flash loan protocols, cross-chain bridges and individual crypto wallets stress the need for a powerful security tool which is capable of boosting industry’s security level right away. We envision Hackless as a comprehensive platform that offers solutions both for DeFi protocols and individual investors. When used by all types of DeFi players it will enhance the overall protection giving a boost to industry’s growth.” Hackless In Action Earlier this year, A.I. and blockchain-powered virtual assistant services platform VAIOT was subject to a brutal exploit. Attackers tried and succeeded to take ownership of several of the platform's operational wallets, containing its native currency VAI, which are critical for the functioning of its services. This resulted in the theft and freezing of several million VAI and tens of thousands worth of ETH and BNB, belonging to both their users and VAIOT itself. The Hackless team integrated with VAIOT, contributing their expertise to the effort to safely migrate the frozen assets from the contract owned by the attacker. Using a variety of techniques and tools utilized in the Hackless product itself, the team were able to successfully help VAIOT recover $400,000 in frozen assets, whilst ensuring both the techniques and their employment remained undetected to the attacker. This successful case study was followed in quick succession by other examples of Hackless in action. The first involved a user who had their private keys stolen (a theft all too common in the crypto space) following a phishing attack. The attacker then monitored the wallet, draining all funds as soon as they appeared, leaving the user unable to access their NFTs worth ~$4,000. In this case, Hackless was able to deploy two key features of its product, the Conductor and SafeMigrate. The team were able to retrieve all the user’s NFTs to an uncompromised wallet without the attacker being aware. The second was a similar case, only the amount stolen was significantly higher at $87,000. Deploying the same features, Hackless was able to recover this amount quickly, proving again not only that there is demand for this service, but that their tools work. Consequently, both the Conductor and SafeMigrate form part of Hackless’ core offering, which is now available to the public. Securing the Future of DeFi with Hackless Hackless has demonstrated its DeFi security pedigree in the wild. Its mission to provide a robust security layer between Ethereum and its many DeFi protocols, is inspired and facilitated by the experience of its Ukraine-based team. Co-Founders Serhii Androsiuk and Pavel Radchuk have extensive experience in the blockchain space, with both having worked with various DeFi and NFT projects since 2017. Androsiuk is also a veteran of the banking sector, lending his expertise in growing projects to scale to the Hackless team. This year has seen the beginning of the architectural design for its modular platform, as well as production-ready services. The roadmap this year still has a number of exciting developments to come, including its staking program (Q3 2022), V1 Conductor (Q3 2022) and V1 SafeMigrate (Q4 2022). Combined with partnerships with leading DeFi projects such as Blaize and Zokyo, Hackless is well positioned to deliver a much needed security solution for the DeFi space. To read more about Hackless and its pioneering solution to protect DeFi assets, visit their website here. Follow Hackless on Twitter Join the Hackless community on Telegram Connect with Hackless on LinkedIn Read the Hackless blog on Medium Media Contact Details Contact Name: Nataliia Maslennykova Contact Email: [email protected] 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
7h agocryptodaily
LEAP - a new sports social media platform let’s youth athletes monetize their skills
In the U.S., home to many of the most prominent sports associations in the world as well as a high-class college and youth sports infrastructure, only one out of 16,000 high school athletes turns pro. In regions like Latin America and Africa, where sports are just as popular but resources more limited, the chances are even lower. By specifically working with young athletes from impoverished and isolated communities, LEAP brings together a digital community of both youth sports talent and talent seekers and fans to help the athletes, not only gain recognition, but also get rewarded based on their skill levels. In the newly released whitepaper, LEAP breaks down its $LEAP token, the tokenomics, as well as the distribution algorithm and many platform features including the marketplace, in-game experience, and NFT collections. LEAP, founded in 2021 and based in Israel, is a sports discovery and monetization platform empowering young athletes from across the world to develop and improve their talent through a gamified online experience. On LEAP’s platform, youth talent can create short-form videos of their real-life skills and use them to compete online with other talents worldwide in the digital arena in order to gain recognition from peers and talent seekers, while also getting rewarded. By leveraging blockchain technology, using NFTs, and a real-life in-app gaming mode, LEAP is building a digital sports community to democratize talent discovery across the globe and ensure their social inclusion. In the whitepaper LEAP’s introduces a sports economy powered by Web3.0 and Play-2-Earn elements, offering an alternative route to stardom for young athletes and a new way to monetize their skills “Our whitepaper serves as our manifesto and marks an important milestone for the LEAP community because it's paving the way for our platform launch,” says Omri Lachman, CEO and Co-Founder of LEAP. “Our platform approaches the sports industry from a completely new and different perspective. We are diligently building the framework to host a global network of sports talents as well as talent seekers, agents, and fans in a fun and interactive way that uses Web3.0 technology to help level the sports playing field for all, while delivering the Web3.0 visionary promise of individual ownership over data, content and digital assets.” The release of LEAP’s whitepaper signals the upcoming launch of its platform, detailing the token creation (ERC-20) process, partnerships with exchanges, launch of the prototype, and more. In the whitepaper, LEAP chronicles $LEAP utility token’s potential to facilitate the entire platform’s economy and support a global community connecting young athletes with talent seekers. An athlete using LEAP receives a unique digital player card, backed by an NFT after completing certain milestones as they engage with the platform. Player card NFTs upgrade as the athlete’s score and rank in LEAP’s gamified platform increases. Talent seekers, fans, pro athletes, and others who join the athlete’s “Fan Clan” can acquire his or her NFT player card and become active endorsers having a direct impact on the athlete’s growth. This offers an engaging way to reward and motivate digitally native, next-generation athletes and those who support them early on. Through LEAP, youth athletes get to showcase their skill-sets in short-form videos uploaded to the platform. By specifically working with young athletes from impoverished and isolated communities, LEAP brings together a digital community of both youth sports talent and talent seekers to help the athletes, not only gain recognition, but also get rewarded based on their skill levels and continuous engagement in sport activities. The app features a customized video creator—LEAP Studio—with specific filters, sticks, and add-ons to help talents better highlight their individual skills based on their sport. Talents can use the videos to challenge each other in LEAP DARE Battles, where the community votes for whoever they think performed the skill better, and winning will boost the value and rarity of the users NFT Player Card. For more information visit https://www.playleap.io/ and https://www.leaptoken.io/ 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.
8h agocryptodaily
Green is The New Gold: The Top 3 Blockchain Projects Saving the Planet
In recent decades, discourse around the environment has become more significant and everpresent. People are rightfully worried about how our technologies affect our global ecosystem. With the recent heatwaves and fires that spread around Europe this summer, the topic of climate change has been on everybody's lips. Blockchain tech is often a primary antagonist when the environment is discussed. Bitcoin is regularly cited as being deeply energy hungry and detrimental to the preservation of our world. However, several projects in this industry have the opposite effect, directly helping the environment. Let’s delve into three crucial blockchain projects that are making an effort to bring positive environmental change. Megatech Megatech is a project that promotes and incentivizes the use of solar power within Africa. To do this, Megatech has launched a cryptocurrency that gives token holders returns on the solar fields that the company owns. When these solar fields are used, token holders earn more money, incentivizing people to fund and promote sustainable energy sources. Megatech is already in motion to set up one of its solar fields (named Project Beta) in Hertzogville Free state, South Africa. It is a 60-megawatt plant connected to a 100-megawatt per hour (MWh) state-of-the-art storage technology unit. This allows for maximum efficiency and, therefore, maximum sustainability. The idea behind Megatech is to help solve the energy supply crisis in South Africa, where there is not enough electricity within the country to sufficiently power its national grid, causing blackouts and shortages. However, Megatech is also looking to help the global effort to bring sustainable energy, as they have teamed up with ZPN Energy, a UK energy and storage provider. Nori Nori is a blockchain-based carbon removal company aimed at helping people and organizations reduce or neutralize their carbon footprint. To do this, Nori has created a carbon removal marketplace– this is where people can choose to offset or eliminate their carbon footprint by paying other companies to remove carbon from the atmosphere. Currently, the marketplace focuses on allowing people to fund agriculture projects that store carbon within the soil. When somebody pays for carbon removal on the marketplace, their transaction is logged to the blockchain. They are subsequently given a verifiable certificate proving they have made a positive environmental change. This is especially important as the carbon credit, and removal industry is rife with fraudulent behavior, pushing companies to use traceable and publicly visible records to prevent this. Rewilder Rewilder is a crypto-based non-profit focused on purchasing land for wildlife conservation. The project asks users to donate Ethereum, which goes directly towards purchasing and preserving land worldwide. After donating, each user is issued a special NFT that provides regular updates on how their money has been used and what environmental impact they have instigated. Like Nori, Rewilder is mindful of the need for transparency regarding environmental procedures. Therefore, everything that happens within this project can be tracked and traced via the Ethereum blockchain. People can even find the specific location of the land they helped to conserve via their NFTs. Shifting Perspectives These three projects actively change the discourse around blockchain tech and the environment. They are moving the needle away from the damaging practices that projects like Bitcoin have been shown to employ and towards more eco-conscious efforts. And by doing this, they are changing people's opinions of blockchain tech and proving that this industry can act as a bastion of hope for the world. The crypto and blockchain industry is becoming a champion of the environment, with Megatech and other projects leading the charge to transform the world back to a state of ecological and climate harmony. 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.
9h agocryptodaily
BTC/USD Tests Technical Resistance at 24806: Sally Ho's Technical Analysis 12 August 2022 BTC
Bitcoin (BTC/USD) tested an important technical level early in the Asian session as the pair traded as high as the 24929.99 area before orbiting the 24806.17 area, representing the 23.6% retracement of the depreciating range from 48240 to 17567.45. Buying pressure recently emerged around the 22666.23 area, representing a test of the 50% retracement of the appreciating range from 20723.01 to 24674.01. Bulls are looking for a sustained break above the 23522.69 area, a level that represents the 78.6% retracement of the depreciating range from 24287.13 to 20715. Upside retracement levels in the depreciating range from 31549.21 to 17567.45 include the 26208, 28249, and 28557 areas. Additional upside price objectives and areas of potential selling pressures include the 25552, 26323, 26411, 26901, 27126, 27455, 28426, and 29669 areas. Below recent price activity, possible technical support and areas of buying pressure include the 22582, 22141, 21596, 20446, 19852, and 19762 levels. Additional significant technical areas on the downside include the 16990.14, 14500.15, and 10432.73 areas. 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 23367.91 and the50-bar MA(Hourly) at 23687.41. Technical Supportis expected around16990.14/ 14500.15/ 10432.73 withStopsexpected below. Technical Resistanceis expected around25256.96/ 27455.20/ 32383.96 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bullishly above MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: This trading 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.
9h agocointelegraph
Reinventing yourself in the Metaverse through digital identity
Metaverse users can reinvent themselves with a digital identity built upon avatars and digital assets, but there are challenges to consider.
9h agocryptodaily
Ripple Labs Wants To Buy Celsius Assets
The parent company behind the Ripple network has expressed interest in purchasing assets belonging to the bankrupt Celsius Network. Ripple Looking For M&A Opportunities A Ripple Labs spokesperson has expressed that the company is considering buying certain assets of the bankrupt crypto lender. However, when asked if Ripple was interested in acquiring Celsius outright, the spokesperson declined to comment. The representative stated, "We are interested in learning about Celsius and its assets, and whether any could be relevant to our business.” They have also mentioned that the payment services company is actively looking for strategic mergers and acquisitions opportunities to scale the company. Celsius’ Legal Troubles The Celsius Network has been in a lot of hot water recently, with its CEO Alex Mashinsky drawing in the most criticism. Mashinsky had continued to reassure Celsius customers that everything was okay, even on the brink of bankruptcy. He is also under investigation by a creditor committee set up by the U.S. Trustee department. The lending platform was one of the casualties of the Terra LUNA implosion and had to declare bankruptcy in July after a month of freezing withdrawals. On the other hand, Ripple Labs has been faring quite well, despite the SEC lawsuit and the bear market, primarily due to its focus on working with international clients and developing global payment networks. Ripple Interested In Celsius Case Ripple’s legal representatives applied to the bankruptcy court to be represented in the proceedings of the Celsius case, despite not being one of the lending platform’s major creditors. The filings were approved by the court earlier this week. The above comment was made in response to inquiries about the court filings. The representative declined to elaborate further on the matter. The bankruptcy filings reveal that Celsius’ assets include digital assets held in custody accounts, loans, a bitcoin mining operation, the platform’s own CEL token, and liquid cash and crypto that the company holds at the moment. Since Ripple Labs has not signed any major deals till now, it should be interesting to see if this interest in the Celsius case actually amounts to something tangible. Ripple’s Legal Troubles Ripple has been going through its own legal issues since 2020 when the Securities and Exchanges Commission sued the crypto payments provider for allegedly operating unregistered securities. The Ripple team has denied these allegations, claiming that XRP is solely traded as a digital currency and not a security. The public consensus is that the lawsuit will settle in Ripple’s favor as the case presented by the SEC is flimsy at best. 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.
9h agocointelegraph
South Korea's financial watchdog wants to 'quickly' review crypto legislation: Report
The FSC will reportedly “make institutional supplements that will take a balanced approach to blockchain development, investor protection, and market stability" on bills proposed.
10h agocryptodaily
Jito Labs Raises $10M from Multicoin Capital and Framework Ventures to Build Performant MEV Infrastructure For Solana
Austin, TX, United States, 11th August, 2022, Chainwire Jito Labs, an MEV infrastructure company building performant systems to scale Solana, has completed a $10M Series A. The round was led by Multicoin Capital and Framework Ventures with participation from Alameda Research, Solana Ventures, Delphi Digital, MGNR, Robot Ventures, and 18decimal. Notable angels Anatoly Yakovenko, Brian Long, Armani Ferrante, Austin Federa, Edgar Pavlovsky, and Nitesh Nath also participated. The Series A brings the company's total financing to $12.1M. Jito Labs will use the capital for recruitment and product development and to support the first third-party validator client for Solana, Jito-Solana. This is expected to open source later this month pending the completion of a Neodyme audit. Jito Labs is developing a suite of trading and validator tools that make MEV more democratic and accessible to traders and validators on the Solana network. Jito-Solana helps node operators earn more revenue and better utilize their hardware. It also features the first native spam-mitigation system for Solana, which helps improve network reliability. Jito-Solana also interfaces with Jito’s Block Engine, a proprietary system designed to build the most profitable and efficient blocks for the network. “Solana is built by the most talented team in the space, but trading bots spamming transactions has resulted in a degraded experience for users and traders. The tooling we’re building at Jito will help Solana scale to support millions of users,” said Lucas, co-founder of Jito Labs. “We are backed by some of the most strategic investors in the Solana ecosystem and are thankful for their support, and the warm welcome from the Solana community.” “Jito is a very capable, super technical team that is putting their efforts into optimizing a Solana validator client for MEV, which is a critical use-case for the long-term health of the network," said Anatoly Yakovenko, CEO, Solana Labs. In addition to validator software, Jito Labs develops tools for traders that are symbiotic with its infrastructure. Jito Bundles, which are similar to Flashbot Bundles on Ethereum, represent groups of transactions that are bundled together and executed in the order they are submitted by traders. Bundles improve liquidity, trading execution and network stability by circumventing expensive priority fee auctions and guaranteeing sequential, all-or-nothing execution. Applications on Solana can leverage Jito’s Bundles to improve the UX around sending multiple transactions. Jito Labs also makes two additional trading tools: a priority mempool, which enables traders to see transactions at the speed they arrive on the network, and ShredStream, which provides low-latency access to shreds from leaders running the Jito-Solana client. Collectively, these tools give searchers and traders the ability to capture arbitrage opportunities and execute trades more efficiently without degrading network performance. “Jito Labs is one of the most important companies in the Solana ecosystem. They are building critical infrastructure that improves network performance and decentralization while maximizing profits for validators around the world. Jito-Solana is a competitive advantage for validators, and an important decentralization milestone for the network,” said Tushar Jain, Managing Partner, Multicoin Capital. Validators that run Jito-Solana are eligible to earn tips from searchers and traders using Jito Bundles to submit transactions to the network. They can also access MEV insights through the Jito MEV Dashboard. About Jito Labs Jito Labs is an MEV infrastructure company that is building high-performance systems to scale Solana and maximize validator rewards. Jito-Solana, the first fully open-source, third-party validator client developed for the Solana blockchain, is a better way to earn more revenue and utilize hardware. Jito Labs’s trading tools are free for use by traders and validators. Learn more: https://jito.wtf/ContactsLucasJito Labs [email protected]
11h agocryptodaily
SEC Opens Probe Into Crypto Exchange Coinbase
Coinbase is facing yet more scrutiny from the U.S. Securities and Exchange Commission (SEC), this time over its token listing process, its staking process, and its yield-generating products. SEC Probes Into Coinbase’s Staking Products In its recent quarterly report disclosing a loss of $1 billion, Coinbase has been served with more regulatory scrutiny. The exchange has revealed that the SEC is probing into its staking product which allows investors to earn yield by locking up certain cryptocurrencies. According to the quarterly report, The Company has received investigative subpoenas and requests from the [U.S. Securities and Exchange Commission] for documents and information about certain customer programs, operations, and existing and intended future products, including the Company’s processes for listing assets, the classification of certain listed assets, its staking programs, and its stablecoin and yield-generating products. Coinbase has been under severe heat from the SEC after the regulatory body announced that it was investigating the exchange for listing nine tokens it believes to be securities and would fall under its purview. This has been a point of contention between the exchange and the regulator with Coinbase consistently stating that it does not host securities of any sort. Legal Officer for Coinbase Paul Grewal has also officially denied these allegations. Last month, the securities agency also charged a former Coinbase product manager and two associates for alleged insider trading. The SEC along with the Department of Justice has filed civil and criminal charges against former employee Ishan Wahi, his brother Nikhil Wahi and friend Sameer Ramani for sharing confidential information about pending announcements of cryptocurrencies. Coinbase To Welcome More Regulations Amid the heat of the increased regulatory scrutiny, CEO of Coinbase Brian Armstrong has welcomed more regulation saying, The more regulation there is for crypto, the better it is for Coinbase. Armstrong has said that the exchange is willing to meet with regulators worldwide as does not regard cryptocurrency regulations as bad. 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.
11h agocoindesk
Ether supera los $1.9K mientras Ethereum realiza el último ensayo de fusión
El optimismo sobre el merge ha hecho que la criptomoneda suba 60% en cuatro semanas.
11h agocryptodaily
DAM Finance Receives Strategic Investment From Arrington Capital Moonbeam Growth Fund
Miami, Florida, 11th August, 2022, ChainwiredPRIME Asset Modules Finance (”DAM Finance” or “DAM”), a protocol for creating purchasing power from cross-chain token portfolios, is pleased to share that it has received funding from the Arrington Capital Moonbeam Growth Fund . The investment in DAM Finance is the third major investment by the Arrington Capital Moonbeam Growth Fund, a recently launched $100m fund to fuel the Moonbeam ecosystem. DAM facilitates purchasing power from the broadest range of blockchain-secured collateral, including longer tail, yield generating, and real-world assets. In the protocol, borrowers deposit baskets of tokens in a single transaction to mint dPRIME, a Dotsama stablecoin on Moonbeam. DAM’s innovation provides borrowers more flexibility in dPRIME issuance and vault maintenance by mutualizing the value of deposited collateral. As part of its product roadmap, DAM will utilize Moonbeam’s infrastructure to unlock liquidity for assets native to other parachains and blockchains outside of the Dotsama ecosystem. “We believe the future is multi-chain and inclusive, a mentality that the DAM Finance team shares with us,” said Michael Arrington of Arrington Capital. “DAM is taking a thoughtful approach to DeFi in creating a new model for purchasing power and risk management. We are thrilled to be supporting them as they embark to solve a missing component in today’s environment.” “Existing cross-chain approaches suffer from poor asset utilization and liquidity fragmentation," said Derek Yoo, Founder of Moonbeam. "DAM is a great example of a new cross-chain DeFi protocol that is leveraging connected contracts on Moonbeam to reach assets from multiple blockchains. Being able to securely aggregate liquidity will allow DAM to be more efficient and offer superior user experiences.” “Moonbeam’s clear positioning as the token economy’s nucleus for cross-chain liquidity makes it the ideal ecosystem for DAM to deliver on its vision,” said Harrison Comfort, Product Lead and Co-Founder of DAM. “Arrington Capital has helped DAM from the beginning, and we’re thrilled to have the support of a highly strategic partner with an extensive track record of scaling projects in the token economy.” DAM’s initial deployment is targeted for later this year. Follow DAM on Twitter, @DAM_Finance, for additional announcements and project updates. About Arrington Capital Arrington Capital is a digital asset management firm primarily focused on blockchain-based capital markets. The firm, founded in 2017 by TechCrunch and CrunchBase founder Michael Arrington and TechCrunch CEO Heather Harde, has over $1 billion under management and has invested in hundreds of startups across the world. Arrington Capital is a seasoned, international team composed of Silicon Valley veterans and operators with deep venture capital experience and crypto native roots. Arrington Capital’s first fund was Arrington XRP Capital, and has expanded to multiple funds over time. For more information on Arrington Capital, visit http://arringtoncapital.com/. About Moonbeam Moonbeam is a smart contract platform for building cross-chain connected applications that can access users, assets, and services on any chain. By uniting functionality from Ethereum, Cosmos, Polkadot, and more into a single platform, Moonbeam solves today’s fragmented user experience — unlocking true interoperability and paving the way for the next generation of applications. The Moonbeam platform uses integrated cross-chain messaging to allow developers to create smart contracts that access services across many remote blockchains. This approach, plus Moonbeam’s developer-friendly EVM platform, vast tool support, and modern Substrate architecture, creates the ideal development environment for building connected applications. About DAM DAM is a protocol for creating purchasing power from cross-chain token portfolios through dPRIME, a Dotsama stablecoin on Moonbeam. In the protocol, borrowers are bankers, portfolios are collateral, dPRIME is the means of creating purchasing power and DAM is a risk management wrapper. DAM’s core contributors have backgrounds in enterprise and public blockchains, asset management, and data science. Follow DAM on Twitter, @DAM_Finance, for additional announcements and project updates.ContactsFounderHarrison ComfortDAM [email protected]+17867828258
11h agocoindesk
BlackRock, Fresh off Coinbase Tie-Up, Offers Direct Bitcoin Exposure
The institutional investor-focused spot bitcoin private trust will track the price of the cryptocurrency.
12h agonulltx
Ethereum Price Rises Past $1,900, Nearing 3-Month High Amid CPI Data Release
Ethereum prices rose past $1,900 today, nearing 3-month highs. After yesterday’s release of the CPI (Consumer Price Index) data for July, which revealed no change last month, cryptocurrencies like Bitcoin and Ethereum saw significant upside this Thursday. Combined with the upcoming network merge for Ethereum, ETHUSD continues to outperform Bitcoin daily, nearing the 50% market […] The post Ethereum Price Rises Past $1,900, Nearing 3-Month High Amid CPI Data Release appeared first on NullTX.
12h agocryptodaily
Tezos Is Gaining Traction In DeFI, NFTs & More
Following a busy summer that saw Tezos host its annual developer conference in Paris shortly after welcoming USDT into its fold, the blazing fast, energy friendly blockchain network is enjoying rapid traction in both the NFT and the DeFi spaces. The TEZ/DEV conference, which wrapped up on July 23, provided us with an in-depth look at the reasons why an increasing number of projects are looking to build on the Tezos blockchain. Tezos is well known for being one of the most environmentally-friendly blockchains around with an incredibly low carbon footprint, but few are aware of its blazing-fast transaction speed. Tezos can currently process an already impressive 40 transactions per second but it has ambitions to go far faster than that. At TEZ/DEV, it announced plans for a coming update due next year that will see it accelerate to an incredible 1 million transactions per second - making it by far and away the fastest decentralized network on the planet. To get an idea of how much faster that is than anyone else, Visa itself can only process around 65,000 transactions per second. This incredible speed target of Tezos is one of the reasons why some analysts believe Tezos could eventually become the gold standard for blockchain-based finance. A report by the Bank of America last year noted that Tezos is being explored by dozens of organizations that are looking at ways to make their business processes run faster and more efficiently. The report added that in terms of developer interest, Tezos is one of the most popular of all blockchains. In his keynote speech at TEZ/DEV, Tezos co-founder Arthur Breitman discussed his vision of the kinds of organizations he sees building on Tezos, highlighting his belief that it will become the platform of choice for financial services firms. DeFi on Tezos is already growing fast, thanks in part to the recent launch of Tether USD on its blockchain. With USDT now available on Tezos, it vastly simplifies the on-ramp and off-ramp into Tezos's DeFi ecosystem as it provides users with the safe-haven of a stable asset from which they can move into, and out of, positions. The DeFi community on Tezos has moved quickly to embrace USDT. Within hours of its launch, the Youves DEX voted to create USDT trading pools, and currently offers USDT holders with long-term farming rewards of up to 15% APR. Another DeFi protocol to accept USDT is Plenty, which offers incredible long-term annual yields of 40% and 34%, respectively, in its kUSD/USDt and uUSD/USDt farms. Meanwhile at QuipuSwap, users have created a tez/USDt pool with similarly enticing rewards. Moreover, the Atomex Wallet has introduced atomic swaps with USDt on Tezos. The potential of Tether USD on Tezos was not lost by major cryptocurrency exchanges either, with both Binance and Bitfinex announcing they'll support trading almost immediately after its launch. The support of Binance is interesting because it opens the door to other stablecoins potentially looking at Tezos. Bitfinex has been especially accommodating, making it possible to deposit and withdraw USDT. What's more, all types of USDTs are unified for trading purposes, meaning users have the flexibility to deposit ERC-20 USDT, trade with it, then withdraw it on Tezos. Tezos Chief Technology Officer Paolo Ardoino said at the time that Tether USD was sure to aid Tezos's future ambitions. "Tezos is coming fast onto the scene and we believe that this integration will be essential to its long-term growth," he added. Elsewhere, Tezos continues to make rapid inroads in the NFT space. NFTs have been one of the biggest success stories for Tezos, due in part to its low carbon impact. Artists tends to be more environmentally conscientious than most and the appeal of Tezos's "clean NFTs" has made a big impact. Numerous high-profile artists have launched collections on its blockchain, among them Doja Cat. More recently, there have been rumors that Spotify is looking at using Tezos for its own music NFT projects. To give you an idea of where this might be headed, check out the OneOf music NFT marketplace on Tezos, where users can trade digital assets without even realizing that everything is based on blockchain technology. There are other reasons to believe in Tezos too, with recent partnerships and sponsorships with sports teams like Manchester United, the New York Mets, Red Bull Racing and McLaren providing tons of optimism for its future. These sponsorships will ensure Tezos benefits from greater visibility beyond its immediate audience and help it to continue to expand its horizons. 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
13h agocryptopotato
SOL With Another Attempt at $44, Will The Bulls Finally Make It? (Solana Price Analysis)
After two failed attempts to break above the $44 level, Solana is back at it again. Key Support levels: $40, $35  Key Resistance levels: $44, $59 The bulls are seemingly very eager to push the price higher. The cryptocurrency rallied above the $4 key resistance level today but is now falling back down. If the […]
13h agocoindesk
JPMorgan: Ethereum Miners Face an Abrupt Change Following the Merge
Ethereum Classic miners are likely to be among the main beneficiaries of the shift to proof-of-stake validation as Ethereum miners look to offload their equipment.
15h agocointelegraph
Bitcoin battles 2-month resistance amid ‘most hated’ stocks rally
Risk assets surge higher after U.S. inflation data, but belief in a sustained uptrend emerging is hardly anywhere to be seen.
16h agocointelegraph
OpenSea introduces new stolen item policy to combat NFT theft
A Twitter user claimed that they purchased a stolen NFT and OpenSea support advised them to sell it on another marketplace.
18h agocointelegraph
3 signs Ethereum price is on track toward $2.5K by September
A slew of Ether's technical and fundamental indicators support a push toward $2,500 by September.
22h agocointelegraph
Decentralized apps on Polygon hit 37,000, rocketing 400% this year
It comes as the number of monthly active teams for the blockchain reached 11,800 in July, up from 8,000 in March.
1 day agocryptopotato
LongHash Ventures Launches a $100 Million Web 3 Investment Fund
The funds will support building DeFi, NFTs, and GameFi across numerous blockchains.
1 day agocointelegraph
SBI Group reports investee getting CFTC approval for OTC derivatives trading in US
Under the U.S. Commodity Exchange Act and CFTC regulations, derivatives exchanges must have approval to operate as a Designated Contract Market or a Swap Execution Facility.

About UpToken

The live price of UpToken (UP) today is 1.2979 USD, and with the current circulating supply of UpToken at 146,540,250 UP, its market capitalization stands at 190,198,275 USD. In the last 24 hours UP price has moved 0.0389 USD or 0.03% while 222,808 USD worth of UP has been traded on various exchanges. The current valuation of UP puts it at #174 in cryptocurrency rankings based on market capitalization.

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

UpToken Price1.2979 USD
Market Rank#174
Market Cap190,198,275 USD
24h Volume222,657 USD
Circulating Supply146,540,250 UP
Max SupplyNo Data
Yesterday's Market Cap189,795,020 USD
Yesterday's Open / Close1.2563 USD / 1.2952 USD
Yesterday's High / Low1.335 USD / 1.1837 USD
Yesterday's Change
0.03% ( 0.0389 USD )
Yesterday's Volume222,808.34 USD
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