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0.00000111 BTC
Market Cap (Rank#35)
80,159 BTC
Vol 24h
2,466 BTC
Circulating Supply
Max Supply
3 days 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
3 days 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 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
4 days agocryptodaily
LongHash Ventures Launches Its $100 Million Web3 Venture Fund II with Successful First Close
Singapore, Singapore, 10th August, 2022, ChainwireLongHash Ventures, Asia’s first Web3 Accelerator and one of Asia’s leading Web3 venture funds, officially announces the launch of its $100 million LongHash Ventures Fund II. LongHash Ventures has received strong support from global investors and industry veterans for its successful first close. It has raised capital from well-known Web3 VCs, single family offices, and Web3 founders such as Hashkey Capital, NGC Ventures, Protocol Labs, Gnosis Safe, MEXC, Synthetix founders Kain and Jordan Warwick, Qiming VC founding partner Duane Kuang, and Astar founder Sota Watanabe, amongst others. The fund will continue to take in capital until the end of the year. Meanwhile, its accelerator arm LongHashX has recently obtained funding at an undisclosed valuation from Superscrypt, a Web3 investment firm founded by Temasek, as well as few large fund LPs including NGC. LongHash Ventures has earmarked its second fund for multi-chain Web3 infrastructure projects that support key verticals such as DeFi, NFT, GameFi, and the Metaverse. It will be investing in projects and teams from pre-seed to Series A. Thus far, LongHash Ventures has backed more than 60 projects, including Polkadot, Astar, Dodo, Coinshift, Acala, Zapper, Gnosis Safe and Balancer. LongHash Ventures Fund II will also be investing in the pipeline of projects graduating from its accelerator arm LongHashX. Since its inception in 2018, the LongHashX Accelerator has emerged as Asia’s leading Web3 accelerator. It is the go-to partner for protocols like Polkadot, Filecoin, Algorand, and others looking to accelerate the growth of their respective ecosystems. Accelerator alumni include well known projects such as Astar, Xanpool, and Lit Protocol. “By running both an accelerator and an early stage fund that provides hands-on support, our unique value lies in leveraging LongHashX to bootstrap the Asia ecosystem for the protocols that we invested in, as well as in identifying founders and projects with massive potential very early on, and using our crypto-native knowledge and resources to help the teams achieve their potential and succeed. The second fund will enable us to support more founders and through subsequent rounds,” said Emma Cui, Founding Partner and CEO of LongHash Ventures. “In addition, being geographically headquartered in Singapore with team members distributed across Asia, including China, Malaysia, and India, we are uniquely positioned to help projects scale faster across the Asian region.” About LongHash Ventures LongHash Ventures is a leading Web3 investment fund and accelerator collaborating closely with founders to build their Web3 model and tap into the vast potential of Asia. We have invested in more than 60 projects including Polkadot, Instadapp, Zapper, Astar, and Balancer. We collaborated with their founders to develop their projects’ tokenomics, governance, and communities. As Asia's first and leading Web 3 accelerator, LongHashX Accelerator has partnered with Polkadot, Algorand, Filecoin and others to build more than 50 global Web3 projects which have raised more than $150m in the past 4 years. We are committed to realizing our mission of catalyzing growth for the next generation of the Web. LongHash Ventures is licensed by the Monetary Authority of Singapore. ContactsSay [email protected]
5 days agocryptodaily
X Open Hub Adds 30 New Cryptocurrencies and 2 Emerging Market Indices to its Vast Asset List
Global provider of cutting-edge liquidity and technology solutions for financial institutions, X Open Hub has announced additions to its vast multi-asset offerings. The company has introduced 30 new cryptocurrencies and two emerging market indices, CH50cash and IND50cash, to the 5000+ global instruments it already offers. With 12+ years experience offering world-class technology and transparent liquidity solutions for banks and brokers, X Open Hub is committed to supporting financial firms. The company aims to help them achieve cost-optimized business models through improved operational efficiency and increased profitability. The Crypto Winter Is Ending Say AnalystsDespite the ongoing cryptocurrency winter, millennials and Gen Zs are increasingly looking at digital assets for investment purposes. A rise in awareness and education regarding this class of assets, along with their low correlation with price moves in traditional investment instruments, has been driving this interest. Increasing regulatory oversight across numerous countries is expected to lend stability to the digital asset class. Additionally, the rise of DeFi projects is also likely to drive interest in cryptocurrencies. Moreover, the decline in crypto prices in recent months has many investors wondering whether to buy the dip before the crypto winter ends. Historically, there have been four such crypto winters, including the current one. Each time, the market has reversed within around a year. So, investors might be looking at acquiring digital currencies while the prices are still low and before the market begins to rise once again. X Open Hub Adds 30 New CryptosBrokers are increasingly looking at offering their clients opportunities to trade the most popular and promising digital currencies. X Open Hub has added 30 new cryptocurrencies to its already long list of crypto offerings. The new crypto offerings available through X Open Hub’s liquidity solution are extensive and include: AAVE, ALGORAND, APECOIN, CHILIZ, COSMOS, CRONOS, CURVEDAO, DECENTRALAND, DYDX, ELROND, FANTOM, FILECOIN, FTX, GALA, GRAPH, INTERCOMP, IOTA, KILOSHIB, KYBER, MAKER, METAL, NEO, SANDBOX, STEPN, SUSHI, TRON, VECHAIN, WAVES, ZCASH and ZILLIQA. “We believe brokers need to stay abreast of trends and should perceive a wide range of cryptocurrencies as an additional tool to attract new customers or manage their retention. In the last quarter, we devoted a lot of attention to developing our asset class offering and equipping our partners with all the tools necessary to remain competitive in the market,” stated Michael Copiuk, CEO of X Open Hub. IND50cash and CH50cash X Open Hub has also added the IND50cash and CH50cash indices to its liquidity offerings. The IND50cash is based on the Nifty 50, the benchmark index that includes 50 of the most profitable companies across 12 sectors listed on the Indian stock markets. This makes it a well-diversified index. Alternatively, the CH50cash, is based on the China A50, a pan-China benchmark index that includes the top 50 companies, based on market cap, listed on the Shanghai and Shenzhen stock exchanges. A Global Leader Established in 2010, X Open Hub is the institutional arm of the XTB, which is listed on WSA and licensed across multiple jurisdictions, including the UK FCA, CySEC, IFSC, FSCA, and more. XOH has created a niche by providing complete front- and back-end technology and responsive support to propel growth for financial firms. X Open Hub’s solutions include deep institutional liquidity on more than 5,000 global instruments, including indices, shares, forex, cryptocurrencies, commodities, and ETFs, and a powerful white label platform that can be fully customised and branded for each brokerage. X Open Hub also offers multiple integration options to ease operations for brokers, such as FIX protocol, xAPI, MT4/MT5 Bridge or Gateway, and integration with Prime XM, Gold-I, oneZero, and more. This has helped the company gain over 100 clients across more than 30 countries within a decade of being launched. Speak to the X Open Hub Team about cryptocurrencies and emerging market indices. 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
9 days agocryptodaily
Game On for Bybit-Backed GameFi Platform, Yeeha Games
SINGAPORE, August 5, 2022 — Yeeha Games, a $50 million-funded GameFi platform, has announced its entry into the world of web3 gaming. To bridge the gap between traditional gaming and GameFi, Yeeha Games will be releasing a number of blockchain games over the next 18 months. It currently has 11 games in the pipeline, with subsequent game releases planned in the future. Backed by Bybit, Yeeha Games provides an ecosystem that offers a wide range of quality games, as well as a marketplace where users can trade in-game assets. The global team behind the platform is 90+ people strong and consists of industry veterans from the blockchain, GameFi, and traditional gaming sectors — including Bybit, Tencent, NetEase, IGG, Animoca Brands, Unity, and TapTap. “The GameFi industry saw incredible growth in 2021,” said Choy Wai Cheong (Choy), co-founder and COO of Yeeha Games. “But when compared to the traditional gaming market, we still see a massive untapped potential. To attract traditional gamers to web3, we must have games that appeal to them. Blockchain or not, games have to be fun to attract and retain players in the long run. Integrating blockchain elements into game genres with proven success in the traditional gaming market is a good starting point — and that’s where Yeeha Games is positioned.” “We are excited about the future of GameFi, and how it could realize the promise of the metaverse and internet through gaming,” said Ben Zhou, co-founder and CEO of Bybit. “Other than creating a level playing field, GameFi has the potential to connect people across global communities to build up our digital and virtual worlds. Additionally, it promotes the ideology of putting power back in the hands of the people with a player-owned economy. Through this partnership, we want to demonstrate our commitment to driving technology innovations to the wider society.” With a focus on high-quality, free-to-play games that deliver on all aspects, Yeeha Games is set to raise the bar and shape the future of blockchain gaming. Its free-to-play games serve as a bridge for players in the traditional gaming space to enter web3 gaming without the need to purchase cryptocurrencies from the get-go, allowing them to fully experience the game before purchasing their first digital assets. Pushing boundaries of the current GameFi space, Yeeha Games seeks to introduce a broad range of game genres to the ecosystem, including but not limited to MMORPG, SLG, open world, simulation, and idle RPG card games to cater to different users. To help players transition smoothly into web3 gaming, the Yeeha Games marketplace has a built-in wallet that supports both fiat and crypto deposits. To top it off, players would also be able to make transactions gas-free across all of its platform’s game titles. Midgard Saga, the first game in Yeeha Game’s ecosystem, is slated for release in September 2022. Midgard Saga is a casual card-based RPG that follows the adventures of a prince to save his fallen kingdom. Players will encounter heroes of various backgrounds, which they can then recruit and deploy in battles. Its idle gameplay makes it perfect for players who enjoy a real-time combat strategy game that’s light on battle mechanics. Interested parties may find out more about upcoming game offerings on the official Yeeha Games website. About Bybit Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance,, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka. For media inquiries, please contact: [email protected] For more information please visit: For updates, please follow Bybit's social media platforms on Discord, Facebook, Instagram, LinkedIn, Reddit, Telegram, TikTok, Twitter, and YouTube About Yeeha Games Yeeha Games is a GameFi platform that aims to introduce traditional gamers to the expansive world of web3. Backed by Bybit, Yeeha Games brings world-class titles to players worldwide, offering a gaming experience that truly embodies the web3 values — interoperability, compatibility, and ownership. The $50 million-funded platform has a variety of high-quality, free-to-play games lined up for release in the next 18 months. The first game, titled Midgard Saga, would be released in September 2022. For media inquiries, please contact: [email protected] For more information please visit: For updates, please follow Yeeha’s social media platforms on Twitter, Discord, Telegram and LinkedIn 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.
10 days agocoindesk
Paraguay’s Electricity Authority Requests Higher Rates for Crypto Miners, Partial Veto of Mining Legislation
The legislature this month approved a bill regulating crypto mining and trading in the country.
10 days agocryptodaily
TRON Grand Hackathon Season 2 Closes out Submission with over 1800 Participants
Geneva, Switzerland, 4th August, 2022, Chainwire–Season 2 of The TRON Grand Hackathon 2022 has seen a wave of submissions receiving over 1800 participants since it kicked off on May 16, a staggering increase from Season 1 of the Grand Hackathon earlier this year. Similar to the first season, TRON DAO and BitTorrent Chain (BTTC) aim to inspire developers to achieve their project goals. The second season of the TRON Grand Hackathon consisted of over 30 major partners, nearly 40 different judges, and a community voting system. TRON DAO participants could take part in helping move the needle for their favorite projects building on TRON and BTTC across all four tracks: DeFi, Web3, GameFi, and NFT. Within these four tracks, there are 74 submissions for Web3, 48 for DeFi, 50 for NFT, and 30 for GameFi. Project submissions came across 64 different countries, and total participants from 104 countries. The diversity in participant submissions further highlights the growth of TRON’s global audience. The increase in applicants is not the only area of growth in the TRON Grand Hackathon. The prize pool has also doubled from $500,000 in Season1 to $1,000,000 in Season 2, this increase in the prize pool is due to the increasing number of successful projects being built on the TRON and BTTC networks. The number of winners has also increased from five per track, to eight. The prize pool for each track is as follows: 1st Prize - $60,000 2nd Prize - $40,000 3rd Prize - $30,000 4th Prize - $25,000 5th Prize - $20,000 1st Runner Up - $5,000 2nd Runner Up - $5,000 3rd Runner Up - $5,000 What Are Judges Looking For? The judges have already started the vetting process to find the next big project. Across the four tracks, there are different qualities that judges are looking for. In the Web3 track, TRON DAO is looking for projects that are helping provide sustainable solutions that Web2 products could not create efficiently. In the NFT track, we are looking to find projects that take advantage of blockchain technology in order to help grow the creator economy. In the DeFi track, a big goal is to find projects focused on democratizing finance. Lastly, GameFi projects are aimed at creating enjoyable video games with native utility given to gamers. Judging Timeline: The judging began on August 1 at 9 a.m. EDT and will end on August 11 at 5 p.m. EDT. As mentioned earlier, TRON DAO users can take part in the voting process to help award the community favorite prize. Check out TRON DAO Forum to learn more about how to vote. The forum Hackathon poll is also live for everyone to view here. Future Hackathons: With the growing demand and success of our Hackathons, we intend on creating many more in the near future. An increase in applicants, prizes, partners, and judges are all a major goal for TRON DAO. TRON believes in creating incentives for projects to attain, as that inspires future pioneers to utilize our trusted network. TRON also believes in a virtuous cycle of supporting developers and projects to innovate on our blockchain as it helps onboard more users to the ever expanding TRON ecosystem. For eligibility, rules, criteria, and further details, please visit, the TRON DAO Forum, and About TRON DAO TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of July 2022, it has over 104 million total user accounts on the blockchain, more than 3.6 billion total transactions, and over $11 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum ContactsFeroz [email protected]
11 days agocryptodaily bridges the gap between CeFi and DeFi
With the idea to create “a marketplace where everything is money,”, a cryptocurrency and NFT exchange platform, is developing products and marketplaces that provide utility and liquidity for blockchain-based digital assets linked across multiple chains and protocols. Recently having launched the public sale of its native token, $CHA, the platform offers users considerable benefits within the Chains ecosystem, such as staking-based fee reductions, rewards, early access Launchpad privileges, and more. The idea is to allow users to earn, trade, invest and spend with a simple, single-account multi-product without having to learn the mechanics of the underlying technology. Prior to announcing the public token sale, Chains’s private sale showed tremendous success, raising over $2 million and amassing more than 500,000 registered users in over 100 countries, with more than 60 thousand users applying to the $CHA token whitelist during the presale phase. Led by veteran crypto investors and seasoned economists, Chains aims to reduce the learning curve and the need for setting up multiple disconnected products to have access to the basic functions of cryptocurrency. Chains also offers businesses to apply to its Sunrise Program, geared towards Marketplace early adopters, with over 800 businesses already applying. Anderson McCutcheon, CEO and Founder of Chains, affirmed that the company is “building a platform that bridges this divide for the next generation of users. We intend to connect Web3 and centralized finance, forever changing the way cryptocurrencies are commonly used.” Chains aims to release some intriguing products down the line, such as the “Prism,” a self-developed analytics service allowing users to track and measure any crypto asset, represented by any commodity. Another fascinating feature planned for the future is the “Earned Income Credits” system that provides financial support for businesses and freelancers during trying times. The company works in association with some of the biggest names, such as NVIDIA, as part of their Inception Program, Amazon through AWS Activate, the Microsoft for Startups program, and more. 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.
11 days agocryptodaily
Next-Gen Multimedia Blockchain Platform, CRETA, Enters the Japanese Market With a New Establishment of Creta Inc.
CRETA, a global game/content creators' metaverse platform, has announced establishing a local corporation in Shibuya, Tokyo that is poised to boost the company’s presence in the global video games industry. By incorporating the metaverse platform in Japan, the company aims to leverage the opportunities present in the local market, employing vetted game development talent and facilitating the growth of the tight-knit blockchain community. CRETA, built off on the next-generation L1 blockchain technology Locus Chain, is seeking to exclusively release a new version of the acclaimed video game title "Kingdom Under Fire" and one of the most popular games in Asia, "Fortress". Through the establishment of Japanese local branch, the company aims to expand its lineup of high-quality games and bring together a large number of industry-renowned game creators and companies to get a foothold into the evolving metaverse market. To celebrate the CRETA’s new establishment in Japan, its kick-off event was privately held on July 11th, 2022, with video games connoisseurs getting together to laud the incorporation of the entity. Some of the guests attending the event were Mr. Shuji Utsumi, Vice Chairman of SEGA, Mr. Yoji Ishii, producer of the "Sonic" series, Mr. Naoto Ohshima, graphic & game designer of the “Sonic” series, Mr. Masamitsu Shiino, COO of Yield Gaming Guild (YGG), Mr. Oji Hiroi, the original comic book author and game creator of "Sakura Wars" and "Skura Taisen", an executive from Okakichi Corporation, founded by Yoshiki Okamoto, the original creator of the record-breaking games "Street Fighter" and "Monster Strike", and other executives from Disney Japan, Bandai Namco, and Microsoft Japan. Ray Nakazato, CEO of Creta Inc. Japan and Chief Creative Officer for the entire platform, commented, "I am positively amazed that the CRETA project even at its early stage has been apple to generate so much buzz and engaged so many forward-thinking veterans of the gaming industry under one roof. Apparently, it is a solid signal that the Japanese industry leaders are also thinking very positively about the effects that the nexus of blockchain technology and video games can bring. Through the synergy of Locus Chain's leading blockchain technology and building a pipeline of high-quality games, CRETA will no doubt get the largest stake in this nascent metaverse market within a short period of time." 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
How DAO Web3 Platforms Can Make Venture Capital More Accessible
Venture capital (VC) investors make a lot of money as they invest a lot of it in the early stages of a company’s life. They can invest before projects are fully developed and before they reach the public. Naturally, this is a significant advantage over regular people who want to invest. However, DAOs and Web3 technology can change this and make VC more accessible to the general public. That’s precisely what we are here to discuss today, but first, we need to explain how VC works. What Is Venture Capital (VC) and How Does It Work? Venture capital, or VC for short, is two things — financing assistance from investors to startups and a form of private equity. This type of equity typically comes from affluent investors, large financial institutions, and investment banks. They use VC funds to offer financial or sometimes technical and managerial assistance to startups and small companies looking to grow. Naturally, VC is always risky as its goal is to fund businesses of enormous potential — startups offering a unique service or technology and companies that have the potential to become truly massive. In most cases, VC funds provide financial assistance in the early stages of a company’s development, but they can also come in later stages. The important thing to know about VC is that it has a crucial role in stimulating innovation in the modern world, and it’s often the only way for small startups and entrepreneurs to bring their innovative and potentially revolutionary ideas to fruition. The way venture capital works is relatively simple. A typical VC deal means the company receiving the funding is divided into significant ownership parts sold to specific investors. This is usually achieved by venture capital firms creating independent limited partnerships (LPs) that are used to sell these ownership chunks to investors. Venture Capital Isn’t Accessible to the Public Regular people are increasingly interested in investing, just like private equities and venture capital firms. However, this is not generally accessible to the public, especially when it comes to venture capital. As we’ve already discussed, VC firms and investors get to fund startups at the early stage when the company has not yet gone public. Others can only start investing when the startup enters the public sphere, but at that point, the best opportunities are already gone. This is one of the biggest problems with venture capital today, at least in the eyes of regular investors. That’s mainly because the modern world is different, and novel technologies, services, and products are entering the market more often than before. People want the chance to invest in them, but they usually get it when it’s already too late, and their investment won’t be nearly as worthwhile as that of VCs. One of the best ways to solve this is to turn to DAOs (decentralized autonomous organizations) and Web3 platforms. Role of DAO and Web3 in VC DAOs are increasingly entering the market due to the improvements and overall benefits of Web3 and other decentralized technologies. The good thing about this is that they are bringing some previously inaccessible things closer to the public. The same thing can be said for venture capital. DAOs and Web3 technologies can make it easier for regular people to start investing in startups. This is possible through DAO-generated venture capital funds that everyone can use. Thanks to decentralization and blockchain technology, such funds make investing more accessible to the masses as they make smaller investments possible. On top of that, they can also make it safer as such funds can be better insured against failed investments. If you were to invest in a risky crypto project on your own, you’d face high uncertainty, as the investment could go wrong quickly. However, thanks to the expertise of VC firms and investors, a DAO-generated VC would make sure the funds always go to projects that have the best chance of panning out. The good news is that we already have that in the form of a project called Hectagon Finance. It’s the world’s first DAO-generated Web3 VC funding platform. It was made for everyone and built by crypto veterans who wanted to provide regular people with access to experienced VC networks. Hectagon is also planning its token generation event on the 8th of August, so you can be confident that the project is moving forward. With the added security of DApp solutions like Serenity Shield, which uses smart contracts to offer unprecedented levels of security online, a VC funding network can also benefit from robust security features for every user’s digital assets. 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About VeChain

The live price of VeChain (VET) today is 0.026321 USD, and with the current circulating supply of VeChain at 72,511,146,418 VET, its market capitalization stands at 1,908,534,360 USD. In the last 24 hours VET price has moved 0.001855 USD or 0.08% while 38,875,376 USD worth of VET has been traded on various exchanges. The current valuation of VET puts it at #35 in cryptocurrency rankings based on market capitalization.

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

VeChain is the name of a supply chain-focused blockchain platform founded in 2015 by Sunny Lu, former chief information officer (CIO) of Louis Vuitton China, and Jay Zhang.

Powered by the VeChainThor blockchain, VET coin is the VeChain ecosystem's native coin or cryptocurrency. VET initially existed as the ERC-20 VEN token on Ethereum, and the VEN to VET swap was done in 2018 when the platform transitioned to its own public blockchain network.

VeChain's mission is to make supply chain management and the tracking of other business processes more transparent and efficient using blockchain technology. With support for smart contracts, VeChain also intends to facilitate the creation of decentralized applications (DApps) along with IoT integrations.

Some of the key areas in which VeChain aims to excel are the improved traceability and anti-counterfeiting of luxury items.

The network actually relies on two native cryptocurrencies, VET coin, which is used to vote on changes to the protocol, and VTHO, or VeChainThor Energy, used for transactions on the blockchain.

VET price

According to our VET USD live price chart, VET coin saw a significant price increase in 2020 when it went from almost $0.009 to $0.022 between June. 24 to July. 8, registering a 150%+ increase in just 14 days. VET price then went on to set an all-time high of over $0.023 on Aug. 9, 2020.

However, VET coin price in USD terms saw the most success in 2021, where it started at just above $0.02 on Jan. 1 before going to $0.06 by Feb. 12 — a gain of over 200%.

The price of VET coin continued this upward trend for the next few months, with another major spike coming in April when the VeChain cryptocurrency hit a new all-time high, going from around $0.04 on Feb. 28, 2021, to nearly $0.28 on April. 17, 2021 — a price surge of more than 670%. This high put VET’s fully diluted valuation at around $24 billion.

However, the price of VET cryptocurrency subsequently dropped and it traded as low as $0.04 in Q1, 2022.

How VET works

The VeChain platform operates on the VechainThor blockchain, a blockchain intended to provide businesses with better security, scalability, and most importantly affordability. It has two tokens, VET and VTHO. VET is used for voting on network protocols alongside storing and transferring value. VTHO, on the other hand, serves as gas used to confirm transactions on the blockchain, much like Ether on the Ethereum network.

The VeChainThor blockchain uses the proof-of-authority (PoA) consensus protocol. Users who are responsible for validating and adding new blocks on the blockchain are known as master nodes. To run master nodes, users are asked to stake 25 million VET and undergo a complete KYC/identity disclosure process.

While the way VeChainThor works allows for faster processing of transactions, it does end up receiving criticism on account of lack of decentralization.

VET news, updates, and highlights

In January 2018, Vechain announced that DNV GL, a Norwegian audit company, would be providing its customers with VeChain's blockchain services. They also announced the development of "My Story" in collaboration with VeChain, a blockchain-powered assurance solution, allowing brands to share enhanced tracking information with customers.

On June. 25, 2019, the VeChain Foundation announced that Walmart China, with the help of the VeChainThor blockchain, will launch the Walmart China Blockchain Traceability Platform. The platform aims to ensure that customers can confidently purchase products with the knowledge that they are authentic and safe.

On Nov. 16, 2021, VeChain announced its upgrade to PoA (proof-of-authority) 2.0 consensus mechanism, with the goal to improve the network's security alongside making block verification more environmentally friendly.

Frequently asked questions about VET

  • Can you mine or stake VET coin?

While you cannot mine VET because it uses PoA consensus, you can stake your VET tokens to earn VTHO tokens which are distributed on a monthly basis. Remember VeChain uses a two-token model.

  • What are some of the best VET wallets?

Since VeChain has its own native blockchain, it is not supported by most wallets. However, VeChain offers wallets for both iOS and Android users. You can also use Atomic wallet for desktop and mobile, whereas the Ledger Nano S is a compatible hard wallet that supports VET.

  • What can you do with VET?

VET tokens can be used for staking which grants users the power to vote on network upgrades and earn VTHO tokens in return for every block.

  • How to buy VET coin?

VeChain (VET) tokens can be bought by exchanging them for BTC, ETH, and USDT on exchanges like HitBTC and MEXC Global. You can also use fiat currency to buy VET tokens on exchanges like Changelly.

VeChain Price0.026321 USD
Market Rank#35
Market Cap1,908,534,360 USD
24h Volume58,707,581 USD
Circulating Supply72,511,146,418 VET
Max Supply86,712,634,466 VET
Yesterday's Market Cap1,823,365,900 USD
Yesterday's Open / Close0.023291 USD / 0.025146 USD
Yesterday's High / Low0.025146 USD / 0.022909 USD
Yesterday's Change
0.08% ( 0.001855 USD )
Yesterday's Volume38,875,376 USD
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