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Verge(XVG)

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$0.003139
(2.71%)
0.00000013 BTC
Market Cap (Rank#375)
$51,839,407
2,178 BTC
Vol 24h
$1,457,982
61.2644 BTC
Circulating Supply
16,516,487,725.32
Max Supply
16,555,000,000
3 days ago cryptodaily
LBank Labs Reveals Novel Investment Strategy to Identify Promising Blockchain Startups
INTERNET CITY, DUBAI, 30th January, 2023, ChainwireVenture capital and blockchain accelerator LBank Labs has revealed the unorthodox strategy that guides its investment decisions. The investment arm of LBank Exchange was established with a 100 million USDT fund in late 2022. According to LBank Labs, its investment thesis can be summarized as “Platform, Standard, Ecosystem.” Since being spun out of LBank in October with a $100 million treasury, LBank Labs has been scouting for viable blockchain startups, entrepreneurs, and communities to finance in order to facilitate wider blockchain growth and crypto adoption. Czhang Lin, angel investor and key member of the LBank Labs board, has disclosed that the crypto VC will roll with the slogan “The Other Angle,” explaining: “It embodies our vision concerning the industry and blockchain investment. We come equipped with a different outlook for identifying promising projects and the entire ecosystem as a whole.” Labs’ unique investing thesis, also known as the “Platform, Standard, Ecosystem” proposition, diverges with traditional views on the blockchain industry. These typically divide the space into either a tech-centered paradigm (layers), supply-chain fields (mining, exchanges, financial products, media), or sectors (DeFi, GameFi, NFTs). According to Czhang Lin: “True extraction of value lies in startups that have the potential to deliver a game-changing platform and establish an industry or legal standard and that can bloom into a lively ecosystem hosting third-party applications. Such platforms should include a web3 ideology fit for open collaboration, where users and projects can interact quickly.” The crypto pioneer believes that during future bull runs, smart money will flow to startups who manage to tick these cross-sector boxes within the industry. Besides venture capitalism, LBank Labs will also commit to increasing educational awareness around blockchain tech, cryptocurrencies, and DeFi in general. On January 13, the blockchain research department of the Seoul-based Chung-Ang university signed a MoU with LBank on blockchain cooperation. Budding researchers and entrepreneurs will be able to intern at the exchange and gain access to incubation for their startups. About LBank LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute the global adoption of cryptocurrencies. Start Trading Now: lbank.com Community & Social Media: Telegram l Twitter l Facebook l LinkedIn l Instagram l YouTubeContactLBK Blockchain Co. [email protected]
8 days ago cryptopotato
Yesports and 30 Partners Announce Convergence 2023 – Digital Web3 Gaming-to-Esports Conference
[PRESS RELEASE – New York, United States of America, 23rd January 2023] Yesports.gg, the leading gateway for web3 gamers and esports fans, announced today that registration is now open for the highly-anticipated “Convergence 2023” event. The largest digital web3 gaming to esports conference, hosted by Yesports founder Sebastian Quinn, will take place over three days […]
9 days ago cryptodaily
Yesports Partners with 30+ World Class Web3 Games to Announce "Convergence 2023" — The Largest Digital Web3 Gaming to Esports Conference
New York, United States of America, 23rd January, 2023, ChainwireYesports.gg, the leading gateway for web3 gamers and esports fans, announced today that registration is now open for the highly-anticipated "Convergence 2023" event. The largest digital web3 gaming to esports conference, hosted by Yesports founder Sebastian Quinn, will take place over three days and features founders from 35 of the top web3 games, including; ZedRun, Decentral Games, Planet IX, Fabwelt | Arsenal, Exiled Racers, Undead Blocks, Metalcore, and Shatterpoint. This unique digital conference will also feature 3 leading global esports founders from The Alliance, Talon, and Infinity. "We're thrilled to announce the launch of the Convergence event and the opportunity it opens up for gamers and esports fans to engage in an exciting topic of conversation — the merging of web3 gaming and esports," said Sebastian Quinn, Founder of Yesports. “The Convergence 2023 also marks the first step towards announcing Yesports’ web3 gaming and esports Collectibles Marketplace, where we will continue to bring the Convergence vision to life.” Convergence 2023 will be split over three separate days and will consist of three main talk tracks delving deeper into innovative web2 to web3 onboarding, opportunities and challenges faced by games & esports teams, and finally — exciting web3 gaming “Mini Tank Pitches”. Attendees will also have the opportunity to hear from both leading esports and web3 gaming founders who are looked upon as pioneers in the space. "We are excited to bring this first-of-its-kind and very necessary event to the community. We can't wait to see the impact it has on driving more esports fans and web2 gamers into web3" said Sebastian Quinn, CEO of Yesports. For more information and to register for the event, visit yesports.gg/convergence | twitter.com/Yesports_gg About Yesports Yesports is the leading gateway for esports fans and gamers to onboard into web3 via its extensive esports & web3 products and partner network. The company has positioned itself as the go-to platform for more than 30+ million esports fans and gamers looking for frictionless access to a wide range of top-tier web3 titles. ContactMarketing ManagerMatt [email protected]s.gg
11 days ago cryptopotato
Ethereum on the Verge of Huge Milestone Following Bullish Start of 2023
ETH's price is not the only thing going up during the latest rally.
13 days ago cryptodaily
NFT Collection Looki Price, Stats, and Review
https://www.looki.games/, the Galaxy Forger, is one of the oldest celestial creatures in existence. His will is responsible for the creation of countless stars, constellations, and planets, including Moon and Mars, or usm.world. Total supply: ≤ 10k. The total number of owners has reached 1019. NFT Collection Looki Price and Sales The market capitalization of Looki NFT collection is 5,797.70 ETH. For all time, 2,795 collections sales were made at an average price of 1.37 ETH (~$2,106.03 at the time of writing). This created a total volume in 3,842.580 ETH. The floor price of Looki is 0.6 and the 30-day trading volume is kept at 78.24 ETH. The payment tokens of the Looki collection are ETH, WETH. Looki traits list Background Green 586 Celadon 637 Clay 523 Butter 506 Brown 591 Gold 667 Blue 578 Aqua 601 Earth 606 Ash 616 Grey 592 Caramel 598 Pink 573 Purple 553 Atlantic 553 Skin Dark order purple 82 Cyclops brown 104 Wukong red 91 Beast purple 86 Super villan purple 110 Cyber green 99 Legend blue 83 Beast yellow streak 103 Dark order yellow 80 Spiritwalker white 95 Guardian white 96 Warden green 109 Warrior black 95 Ripper red 114 Jackal lime and purple 119 Nightmare blue 99 Lord white 103 King kong purple 112 Mutant blue 71 Lynx two color 112 Master white 77 Nightmare green 88 Eternal lime 94 Galaxy forger red 101 Dragon aqua 114 Third eye yellow 82 Elite aqua 92 Mystic pink 91 Na'vi red 95 Predator green 101 Warrior lime 84 Beast green 91 Kitsune neon 95 Warden pink 85 Ghostwater blue 68 African tribe green 82 African tribe purple 114 Lynx blue 108 Jackal lime 97 Predator red 113 Galaxy forger green 108 Glorious yellow 77 Eternal aqua 88 Lucha green 91 Demon king 100 Spiritwalker orange 92 Sakura(satoshi) 50 African tribe blue 97 Ripper purple 117 Super villan green 120 Wukong teeth 111 Super villan red 99 King kong yellow 87 Tiger green 81 Kitsune white 98 Supernatural purple 108 Shaman pink 79 Journeyman green 101 Ghostwater 36 Goddess pink 66 Spiritwalker green 111 Dragon cream 96 Mystic orange 76 Mage white 96 Divergent 93 Trickster gradient 101 Prophet green 102 Mage black 105 Cyber purple 126 Tiger red 75 Eater of worlds orange 90 Na'vi blue 95 Supernatural orange 118 African tribe pink 93 Lucha purple 84 Blossom 114 Electric 102 Elite orange 105 Wukong multicolor 100 Tiger red streak 89 Cyclops blue 115 Lord black 101 King kong mint 80 Eater of worlds green 96 Shaman black 82 Third eye blue 106 Wukong blue 114 Prophet lime 100 Elite red 95 Nature 77 Quantum white 103 Quantum black 99 Clothes Green camouflage hoodie 194 Bright brown shirt 131 Black tee 98 Green checker coat 133 Vest 72 Pink striped jersey 87 Yellow dot down coat 49 Brown suede vest 33 Gray jersey 49 Looki print shirt 132 Green stripe jersey 153 Black vest 77 Fur coat red flame 193 Black white suit 35 Green down coat 160 Basketball jersey 233 Purple tee 245 Brown wide collar shirt 112 Stripe wide collar shirt 134 Red striped jersey 172 Gray down coat 182 Brown fetish 115 Red letter vest 82 Multicolour checker collar shirt 165 Brown gradient coat 89 Purple down coat 164 Blue checker kimono 130 Orange v-neck jersey 136 Blue stripe vest 102 Gray plaid shirt 90 Gold down coat 195 Roll neck sweater 45 Black jacket 76 Grey letter kimono 85 Fetish 189 Sky blue shirt 114 Light gray vest 33 Black velvet suit 152 Yellow ukiyoe kimono 45 Purple checker coat 81 Gold shirt 174 Black checker coat 119 Navy blue shirt 180 Multicolour down coat 216 Grape purple bathrobe 93 Blue ripped tee 44 Brown bathrobe 135 Black jersey 130 Bluish gray kimono 78 Gray tee 238 White collar shirt 102 Black kimono 160 Blue printed jacket 171 Gray sweater 95 Light gray jacket 90 Fur coat green flame 133 White vest 46 Black fur coat 120 White tactical vest 43 Brown marten coat 37 Black lapel jacket 54 Gellow collar racing suit 59 Purple velvet suit 148 Red tee 36 Black wave collar suit 86 Aqua patterned tee 46 Pink camouflage hoodie 125 Blue v-neck jersey 106 Khaki vest 82 Green tee 42 Navy blue tee 52 Brown lapel jacket 52 Green checker shirt collar 55 Khaki sweater 49 Red vest 45 Gray ripped t-shirt 30 Green collar racing suit 40 Blue suede vest 43 Necklace Chain 718 Emerald pendant 449 Diamond 1002 Necklace set 90 Looki chain 600 Gems 231 Sapphire pendant 324 Yinyang pendant 249 Long chain 454 Dragon ball 96 Gold pendant 493 David's deer 44 Choker 42 Looki charm 8 Blue dragon ball 49 Face Dark order purple 102 Glorious yellow 93 Shaman pink 68 Supernatural orange 91 Lucha purple 117 Wukong blue 97 Lynx blue 114 Wukong multicolor 105 Trickster gradient 138 Sakura(satoshi) 53 Wukong teeth 105 Eater of worlds green 113 Mystic orange 110 Tiger green 75 Ripper purple 125 Spiritwalker orange 95 Beast purple 101 Galaxy forger green 112 Spiritwalker green 94 Eater of worlds orange 122 Warden green 99 Eternal aqua 66 Ripper red 112 Prophet green 112 Journeyman green 73 King kong yellow 109 Nightmare blue 98 Master white 107 King kong purple 128 Goddess pink 94 Lucha green 123 Lord white 116 Wukong red 91 Warrior black 106 Predator red 100 Tiger red streak 68 King kong mint 90 Ghostwater blue 82 Warrior lime 70 African tribe blue 93 African tribe pink 91 Lynx two color 108 Mystic pink 96 Nature 108 Kitsune white 80 Mage black 116 Dragon aqua 115 Cyclops brown 117 Blossom 103 Beast yellow streak 100 Shaman black 88 Elite aqua 85 Elite red 104 African tribe green 84 Divergent 69 Tiger red 81 African tribe purple 100 Jackal lime 98 Warden pink 106 Mage white 87 Cyclops blue 107 Dragon cream 102 Jackal limeand purple 107 Supervillan purple 116 Legend blue 112 Super villan green 113 Na'vi blue 76 Spiritwalker white 82 Eternal lime 77 Nightmare green 86 Electric 76 Cyber purple 81 Lord black 110 Demon king 103 Prophet lime 85 Cyber green 77 Predator green 100 Guardian white 115 Beast green 62 Supernatural purple 98 Na'vi red 95 Third eye blue 109 Kitsune neon 81 Mutant blue 89 Dark order yellow 92 Galaxy forger red 95 Supervillan red 96 Third eye yellow 77 Ghostwater 43 Elite orange 101 Quantum black 51 Quantum white 63 Earring Metal retro 1751 Sapphire 1714 Gems 1813 Diamond 1777 Hat Headband camouflage 100 Hat blue strip gold 112 Baseball print looki 103 Bandana aqua 117 Headband reptilian 102 Bandana red 101 Headband dalmatian 90 Cap green 97 Headband white 101 Headtie blue 101 Cap blue 111 Headband two-color 99 Cowboy brown 112 Baseball print yellow 96 Headband zebra 86 Cap brown 114 Bandana green 105 Hat blue 97 Bandana blue 127 Hair red 96 Hatstrip gradient 97 Headband black 77 Hat green strip yellow 102 Bandana purple 93 Headband tricolor 94 Headband halo 78 Headband fancy 83 Headband giraffe 122 Hat aqua strip coral 97 Cap purple 109 Hair grey 96 Baseball blue 95 Cap black 108 Hatstrip yellow 95 Hat black 113 Headband blue 81 Baseball black 93 Headband grey 91 Headband red 98 Bandana cosmos 91 Eyewear Onepiece purple 100 Pantos orange 76 Butterfly 93 Frame gold 97 Goggles orange 100 Shield brown 108 Heartand starshape 105 Goggles purple 89 Sporty 91 Pantos blue 98 Futura 90 Parts gold 96 Orange chain 109 Butterfly gradient 108 Frame white 91 Shield blue 98 Shield grey 97 Black chain 113 Melting heart 103 Headphone Blue star print 19 Black 25 Retangle gold 29 Openear fluorescent green 15 Openear red 20 Pink star print 14 Triangle brown 18 Retangle lime 17 Openear purple 15 Retangle blue 24 Orange star print 22 White 22 Opeeear white 20 Retangle green 21 Triangle purple 16 Face Covering Nath gold 95 Nose tape gold 104 Gold veil 79 Mask black 103 Mask spiral pattern 105 Mask blue 116 Quality Flawless 89 Looki fees Buyer fee to dev: 0 basis points Seller fee to dev: 0 basis points Buyer fee to opensea.io: 0 basis points Seller fee to opensea.io: 250 basis points Buyer fee: 0 basis points Seller fee: 250 basis points Looki editors list The approved editor's accounts of Looki collection are 0x2650d3f41175dbbfe75f9cb8d742168a96791c36, 0x9fdda4f0a7554db9dbd97f1988f98c90e8a6f7dd. 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.
14 days ago cryptodaily
L2 Protocol Optimism Overtakes Arbitrum
Ethereum-based Layer-2 protocol, Optimism has outperformed Arbitrum in transaction volume since mid-December. Optimism Token Takes The Win The transaction volume on both protocols has undergone a distinct divergence since last month. Even though both had been on a steady upward climb since the beginning of last year, Arbitrum had always maintained its lead in transaction activity. However, this changed towards the end of the year, when Optimism outpaced Arbitrum and that too quite significantly. The reason behind this divergence and the increased transactions is the Optimism token, which has been one of the leading performing tokens across Layer 1 and Layer 2 protocols. With liquid staking derivatives such as Lido and Rocket Pool performing well, investors are looking at more ways of gaining exposure to Ethereum. Since Arbitrum does not have its own token, it got left behind in the race. Other tokens in the Optimism ecosystem have also benefited from this increased interest and experienced gains of over 200% since the beginning of the year. GMX Drops, Synthetix Grows Furthermore, another factor contributing to the increase in Optimism transaction volumes is the drop in the use of GMX. This decentralized perpetual futures exchange is built on Arbitrum and has experienced a 30% drop in use since December 10. On the other hand, there has been an increase in activity on the Synthetix perpetual exchange, which is built on Optimism, since December 20. Additional protocols like Kwenta that are built using Synthetix on Optimism have also experienced a sudden spike in transaction volume. L2 Protocols Need Reinvention Experts have opined that both the L2 protocols of Arbitrum and Optimism are some of the most important actors in the Ethereum ecosystem as they pave the way for scalability and increased throughput while maintaining the integrity of the Ethereum chain. According to Marom Yigy, the VP of Blockchain at LEAP (Web3-based sports-discovery and endorsement platform), the future of Layer-2 protocols depends on how well they reinvent themselves. She said, “Layer 2 solutions are most often workarounds to bottlenecks on the Ethereum network; they won't disappear at this step of the merge because gas prices aren't expected to drop. That will likely change once sharding is introduced, because sharding itself solves the issue L2s were created to fix. By then, L2s might be less popular—though the big ones will find new ways of reinventing themselves.” Arbitrum’s last significant upgrade took place on August 31, 2022, when the protocol launched its Nitro upgrade. Since then, Optimism has understood the challenge and raised the bar by introducing its own tokens. Arbitrum needs to step up the reinvention game if it wants to regain its former lead. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
18 days ago cointelegraph
Cointelegraph heads to Davos for World Economic Forum
Cointelegraph will be on the ground as prominent figures from the cryptocurrency and blockchain space converge on Davos during the World Economic Forum.
20 days ago cryptodaily
Evolution Of The Crypto-Sector: Shedding Light On The Relation Of Crypto And AI
Big data, AI, and cryptocurrencies have all converged in recent years to make the financial sector much more intricate and fast-moving than it ever was. With a CAGR of 11.1% from 2021 to 2028, the worldwide cryptocurrency industry is forecast to grow rapidly, reaching USD 1,902.5 mln by 2028. As stated in their research titled "Cryptocurrency Market," published by Fortune Business Insight in 2020, the market was worth USD 826.6 million. The significance of confidence in traditional institutions is reflected in differences in bitcoin valuations across countries, and new financing mechanisms make it possible for more entrepreneurs to begin enterprises. Crypto and AI, when used appropriately, can also assist in eliminating prejudice from recruiting and other crucial procedures. However, with these prospects come new obstacles that will necessitate society having tough dialogues, the consequences of which will influence the future of economics. Let's look at it with a level head. Access to Post-Virus World The sheer quantity and level of detail of the financial data that is currently available to financial institutions are believed by many to have far-reaching ramifications. In the past, for instance, "subprime" communities were all seen as relatively dangerous, which made it challenging for financial institutions to extend credit to those individuals in such populations. As a consequence of this, financial lending institutions mitigated the risk associated with their operations by offering an average rate of interest to the general populace. By combining ubiquitous access to extensive data with sophisticated algorithms, lenders may better discern "good" peers from "bad" peers in the lending industry today. Those who are regarded as having a lower credit risk are put at a disadvantage as a result of this, even as it lowers the cost of financing for those who are regarded as having a superior credit risk. A negative credit score may be a consequence of imprudent financial decisions made by a person or corporation; however, there is also the possibility that another big issue played a substantial part in the situation. A Progressive Square One For Startups Data-driven technologies produced by the fusion of crypto and AI are not only making it easier to develop groundbreaking new goods but also making it more affordable to launch a company from scratch. Many of the once-fixed expenditures associated with launching a new technology enterprise are now movable targets, thanks to the development of available-to-rent cloud-based services. Specifically, the launch of crypto and AI supporting trading bots like Bitcoin prime has further eased out the financial plans for newbies who have just stepped into the market. As all one has to do is sign up with it and take worthy financial suggestions or better investments while conducting transactions in different currencies, securely. Banking AI targeting algorithms will require clear wording from the developers. Will we now penalize people if they suffer an unlucky shock, such as being sick? The magnitude of this problem is enormous. The reduced cost of getting a company off the ground coincides with developments that make risk management easier for venture capitalists (VCs). Prior to the last five or ten years, the typical venture capitalist would spend months conducting due diligence before making an investment in a firm. Today's venture capitalists are more inclined to make multiple, smaller investments in a wide variety of firms, some of which may provide products that are identical. To further streamline the process, venture capitalists may make their initial investments in the form of "convertible notes" that are pre-set to convert in the case of a subsequent fundraising round. This method allows venture capitalists to spread their risk among a larger pool of prospective entrepreneurs operating in the same industry by allowing market data to determine which startups ultimately succeed. Potentially substantial changes may result from these alterations: Women and people of color, who historically have been denied equitable access to financial resources, will make up a sizable portion of the next wave of entrepreneurs. Seeing Global Crypto-Sector With A New Lens In 2019, Bitcoin and other digital currencies were traded by more nearly 50 million investors globally. Researches show that there are substantial variances in the value of cryptocurrencies across markets, with the discrepancies being based on the underlying institutional dynamics including public attitudes in each region. For instance, the daily average difference here between the United States with Korea was above 15% and occasionally approached 40% from December 2017 to February 2018. So why is there a "kimchi premium," exactly? Limited capital movement across countries is a major contributor to the large pricing discrepancies, as it reduces the availability of arbitrage opportunities. To put it plainly, it's not possible to make a profit by making a low purchase in NYC and a high sale in Seoul. Surveys indicate that people in nations with less developed financial markets place a higher value on Bitcoin and other cryptocurrencies. A higher level of confidence in the monetary system tends to reduce the perceived value of cryptocurrencies. Summing Up Each passing day sees the relation between crypto and AI become more dynamic and more efficient than humans at performing mundane activities; the question now is whether or not AI will eventually replace people in every industry. That is simply not the case. Technology and its human complement are not antagonistic. Though it may shake up the status quo at first, eventually it will help pave the way for whole new possibilities. Companies today need to adopt a new culture in which innovation and lifelong education are valued highly. This paves the way for more flexibility, adaptation, and development. What the fiscal tremors of 2020 will do to the crypto market, AI, plus big data is still unknown. But one thing is sure: as long as there are innovators, the velocity of change will only quicken. 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 ago cryptodaily
LBank Exchange Shares Bullish Thesis for 2023
INTERNET CITY, Dubai, 12th January, 2023, ChainwireLBank Co-Founder Johnason Chan has shared a bullish thesis for 2023, tipping the crypto industry to reach new milestones this year. Chan predicts a resurgence in the NFT market, further growth of Web3 through layer 2 solutions and the convergence of TradFi and DeFi. “Web3 will be a big opportunity for the next wave of blockchain applications, but more solid blockchain platforms are required to host them”, says Chan. The exchange boss claims that blockchains like Ethereum will continue to play a central role in the evolution of Web3, but layer 2 solutions will help new apps to blossom. “As more layer 2 technologies mature and infrastructure is built, it will bring new opportunities for the development of Web3.” Elsewhere, Chan believes NFTs will enjoy a resurgence in 2023, saying: “NFTs still provide new opportunities for underlying assets and blockchain expressions. Currently, NFTs mainly consist of assets for chain games. But they can be used to express so much more. I believe they could be an important force to kickstart the next bull run in this market.” LBank’s co-founder also expects GameFi to flourish in 2023, asserting: “The development of chain games may usher in completely new opportunities for the video game industry. As more institutions and game studios enter this new market, developers will be able to create more products in 2023.” The penultimate prediction from Johnason Chan is that decentralized finance will see a resurgence, with some of this growth coming from the traditional finance (TradFi) industry. “Traditional finance will definitely find a way to implement some of these innovations. We could even see products developed by institutional players being launched on DeFi platforms one day,” the LBank Co-Founder says. Finally, Chan tips digital identities to capture attention in 2023, saying: “Digital identity caught more attention last year but we’ve yet to see any killer applications utilizing this technology. I expect new DID use cases and apps to flourish this year, making it easier for web2 users to start experiencing Web3.” Start Trading Now. Community & Social Media: Telegram l Twitter l Facebook l LinkedIn l Instagram l YouTubeContactLBK Blockchain Co. [email protected]
21 day ago cryptopotato
Here’s the Next Target for Ethereum if $1,300 Holds (ETH Price Analysis)
Ethereum’s price is on the verge of breaking out from a significant resistance level after testing it for quite a while. However, there are still some obstacles for the price to overcome in order for a new bullish phase to begin. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price is […]
22 days ago cointelegraph
Terra accidental airdrop leads to smear campaign, community member claims
TFL claimed that the airdrop receiver refused to return the funds, while the user claimed that he was on the verge of settlement with the firm when the former decided to run a smear campaign.
26 days ago cryptodaily
Genesis Lays Off 30% Of Workforce
The crypto lending platform Genesis is considering filing for bankruptcy and has laid off around 30% of its staff. Genesis On The Verge Of Bankruptcy? Less than six months after its first round of layoffs, Genesis, has been forced to cut loose around 30% of its workforce. Moreover, the word around the blockchain is that the lending platform is considering filing for bankruptcy. A spokesperson for Genesis has confirmed the news, saying, "As we continue to navigate unprecedented industry challenges, Genesis has made the difficult decision to reduce our headcount globally." According to other sources, the company is working with investment bank Moelis & Co to evaluate its options. FTX Contagion Spreads The biggest blow to the industry this year was the utter destruction of the FTX ecosystem. Not only did the major crypto exchange crash down dramatically, but it also took with it several significant institutions and crypto firms. For example, crypto-focused bank Silvergate Capital was also affected heavily by the FTX crash and has announced that it will slash its headcount by 40%. After the year crypto has had, Genesis would not be the first crypto firm to go down the bankruptcy route. Crypto lender BlockFi was the first to follow FTX into Chapter 11 bankruptcy filing. The market downturn has forced the hands of many crypto executives to cut costs in their respective firms by trimming the workforce fat. In many cases, declaring bankruptcy is the only option left. Genesis In Trouble Genesis has been treading troubled waters lately, thanks to its association with the FTX ecosystem. The company’s interim CEO, Derar Islim, penned a client letter in which he wrote, “We believe we can arrive at a solution. As a key element in this process, we have made significant progress in refining our business plans for Genesis’ client offerings. This includes reducing costs and driving efficiencies in all our business lines.' In November 2022, the company closed down withdrawals. Just a week before this, it was seeking a billion-dollar emergency loan. Both these events have led to the most recent skirmish with one of the founders of the Gemini crypto exchange, Cameron Winklevoss. The latter has accused Genesis and the Digital Currency Group (DCG) of acting in bad faith. Winklevoss penned an open letter to DCG CEO Barry Silbert, claiming that the latter has been evading all attempts at consensual resolution since Genesis owes members of Gemini Earn around $900 million. 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.
27 days ago cryptodaily
Twenty-Two Highlights from TRON’s Historic 2022
Geneva, Switzerland, 5th January, 2023, ChainwireFor TRON DAO, 2022 was a year of historic growth. Here are 22 highlights from the fastest growing public blockchain’s record year: # 22 possibly the world’s biggest DAO On January 5, TRON announced its restructuring to become a decentralized autonomous organization (DAO). On April 11, Forbes declared that TRON DAO is probably the world’s biggest DAO, as the TRON blockchain now boasts more than 132 million user accounts. # 21 APENFT Marketplace On April 15, the APENFT Marketplace launched on the TRON blockchain. # 20 over 130 digital asset exchanges TRX is now supported, listed, and traded on over 130 digital asset exchanges, payment systems, and trading platforms, including Binance.US, Meson, Crypto Finance (member of Deutsche Börse Group), Fireblocks, Bitkub, Bitso, DMM Bitcoin, Kraken (TRX futures contracts), Plisio, BTCBOX, Wirex, OKCoin Japan, BitMEX, Blockchain.com, and Guardarian. # 19 the Enterprise Ethereum Alliance TRON joined the Enterprise Ethereum Alliance to advance interoperable blockchain integration into daily business operations, focusing mainly in two working groups: Cross-Chain Interoperability and DeFi Risk Assessment, Management, and Accounting (DRAMA). # 18 expanded collaboration with Huobi In October, the TRON founder and current ambassador H.E. Justin Sun was named to Huobi’s Global Advisory Board, and the TRON ecosystem has started more partnerships with the exchange. # 17 the Peg Stability Module On August 3, the Peg Stability Module (PSM) was rolled out, which allows users to swap between USDD and other mainstream stablecoins like USDT and USDC at a 1:1 ratio. # 16 sponsorships In 2022, TRON was the major sponsor of Consensus, NFT NYC, Mainnet by Messari, Converge by Circle, Binance Blockchain Week in Paris, Smartcon by Chainlink, Token2049, and more. TRON also hosted several VIP in-person afterparties - TRON Whale Night, at Bitcoin 2022, Consensus, and Mainnet. # 15 the Binance CMC Crypto Top 10 EWI On October 17, TRX was listed on the Binance CMC Cryptocurrency Top 10 Equal-Weighted Index, which tracks the performance of the top ten digital assets on CoinMarketCap as ranked by market capitalization. # 14 feel the burn In 2022, the total amount of TRX burned from various utilities was 11.74 billion, considerably accelerating its deflation. # 13 TRON Academy TRON Academy officially launched November 12, when 270+ students from top-tier university blockchain clubs gathered on the Harvard University campus for the "Hacker House" event. # 12 Travala.com On August 10, Travala.com, the world's leading blockchain-based travel booking platform, announced its adoption of USDD and TRX as means of payment. # 11 the 2nd largest stablecoin ecosystem TRON now has the second-largest total stablecoin circulation, next to Ethereum, with a market cap of $39.5 billion. # 10 the TRON DAO Ecosystem Fund TRON DAO launched their Ecosystem Fund with 8 unique programs for funding, including TRON DAO Ventures, which intends to invest in promising blockchain startups. # 9 the national blockchain of Dominica On October 7, the Commonwealth of Dominica announced TRON as its national blockchain and authorized seven TRON-based cryptocurrencies as legal tender for everyday use. # 8 the TRON DAO Reserve On April 21, the TRON DAO Reserve was established to safeguard the overall blockchain industry and crypto market. # 7 greater influence On August 1, Crypto Daily described H.E. Justin Sun as one of the premier leaders in the Web3 era. # 6 the stablecoin USDD In May 2022, TRON launched USDD, the first over-collateralized, decentralized stablecoin, which is now held in more than 130,000 wallets. On November 2, Messari released the report “State of USDD Q3 2022.” USDD finished the year with a circulating supply of over 725 million and a collateral ratio of greater than 200%. # 5 one of the most eco-friendly blockchains On August 24, in the report titled "Energy Efficiency and Carbon Footprint of the TRON Blockchain" released by the Crypto Carbon Ratings Institute (CCRI), TRON was rated as one of the most eco-friendly blockchains. # 4 the 4th anniversary of MainNet independence On May 31, TRON celebrated the fourth anniversary of its MainNet launch. # 3 three stellar HackaTRONs Three Seasons of the TRON Grand Hackathon, a.k.a. “HackaTRON,” took place in 2022, with over 2300 total participants and a combined total prize pool of over $2.7 million. # 2 TVL According to DefiLlama, by the end of Q3, the Total Value Locked (TVL) on TRON had reached $6.33 billion, up 61% from Q2, surpassing BSC to become the blockchain network with the second-largest TVL worldwide. Messari released its first ever TRX research report on November 5, titled the “State of TRON Q3 2022.” # 1 from 69 million total TRON user accounts to 132 million 63 million new TRON user accounts were established in 2022. TRON aims to become the primary settlement layer of the global economy. As the global trend-setter in cryptocurrency, TRON is developing an ecosystem infrastructure that will be able to serve every human on the planet. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and 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 January 2023, it has over 133 million total user accounts on the blockchain, more than 4.5 billion total transactions, and over $9.2 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. In May 2022, 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. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which is the first time a major public blockchain partnering with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | ForumContactHayward [email protected]
28 days ago zycrypto
Metrics Point To Strong Bullish Cases For XRP In 2023 As Landmark Ruling In Ripple v. SEC Lawsuit Nears
XRP, the native token of the XRP Ledger blockchain network, has notable market divergence metrics pointing to a strong bullish case, according to an...
39 days ago cryptodaily
Cardano (ADA) Strikes Red Alert, The Hideaways (HDWY) Ready For 2023 Gains
Cardano (ADA) has faced another staggering decline in the past few days, even experiencing a loss of 13.00% in the 24-hour timeline. But when ADA and other leading tokens plummeted, The Hideaways (HDWY) managed to withstand the adverse effect of the bearish market, making it the center of attention. Cardano (ADA) Prints Two-Year Low Cardano (ADA) has hit another plunge after imprinting the lowest lows in almost two years as traders run to the exit. Subsequently, ADA skidded 16.40% to $0.26 in the past seven days, issuing distress signals to the markets. The red turn of the cryptocurrencies came as investors expect the US Federal Reserve to retain its aggressive monetary policy in 2023, despite the recent modest rate increase. The downturn of major coins like Cardano (ADA) has led traders to look at alternatives with more potential in the short term. The Hideaways (HDWY) is the trending presale star who has navigated its way to the headlines, winning bullish analysts' predictions for next year. Meanwhile, investors are starting to grasp the harsh reality that a soft landing is not in the cards for Cardano. Otherwise, a snowball recession and price avalanche are in sight. Where Is Cardano (ADA) Headed Next? Recent efforts to push Cardano (ADA) have been unsuccessful as ADA approached the lower boundary support of a falling channel. At press time, Cardano’s Moving Average Convergence Divergence (MACD) indicator cites a selling signal. Thus, the overhead pressure will likely intensify, predicting more losses for the token. Moreover, ADA’s Relative Strength Index (RSI) has touched the oversold barrier. Analysts have cited that Cardano could continue the extreme bearish sentiment and slump into $0.20 next year. On the other hand, The Hideaways (HDWY) is about to wrap its presale this month, offering massive rewards of up to 100% bonus on all investments. The Hideaways (HDWY) On The Road To Surpass Cardano(ADA) Anyone currently looking for a reward-giving cryptocurrency investment must go forward with The Hideaways (HDWY). The upcoming cryptocurrency project is on its way to overtake Cardano (ADA), as analysts have highlighted the bright future ahead for HDWY. The Hideaways offers investors a new-generation investment option for luxury real estate in the form of minting nonfungible tokens. Remarkably, HDWY is a game changer and could make everyone a fortune. Moreover, The Hideaways (HDWY)’s presale is now in its final stage, selling at $0.10 per token. This affordable investment will also launch a prize draw, offering $100,000! Never waste a second and hop in with The Hideaways (HDWY)! Website: https://www.thehideaways.io Pre-Sale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto 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.
45 days ago cryptodaily
Democratic party will return over $1 million to FTX investors
The Democratic Party is set to return over $1 million of its funding to victims of the now-defunct cryptocurrency exchange FTX, according to a report. The report, which was first published by The Verge, states that three of the top Democratic campaign organisations will be setting aside funds sent to them in contributions from Sam Bankman-Fried, ex-CEO of the collapsed FTX cryptocurrency exchange. Given that SBF has now been arrested following the alleged fraudulent activities that led to FTX losing around $8 billion in investor funds, the pressure has been on the Democratic party to give back some of the funds that it received in contributions. A spokesperson for the Democratic National Committee (DNC) said: “Given the allegations around potential campaign finance violations by Bankman-Fried, we are setting aside funds in order to return the $815,000 in contributions since 2020,” They added: “We will return as soon as we receive proper direction in the legal proceedings.” Over the last two year SBF has donated large sums of money to US political parties. Around $815,000 in contributions have been paid to the Democratic Party since 2020, but what is generally known is that according to SBF, he also donated a similar amount to the Republican party. He is reported to have told crypto blogger and youtuber Tiffany Fong shortly after the FTX bankruptcy that he contributed to the Republican party but said that he did it covertly because “Reporters freak the **** out if you donate to a republican.” 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.
53 days ago nulltx
Litecoin Price Analysis & Prediction (Dec 10th) – Bullish Momentum Halts After LTC Rejects $84, Sets For a Sell
The recent decrease in Bitcoin’s price has made Litecoin lose roughly 12% of its value this week. It is on the verge of retesting last week’s low due to a crucial support breakdown. LTC may slip back to $65 if the selling pressure becomes heavy. Litecoin is finding it difficult to continue the bullish rally […]
54 days ago cryptopotato
Crypto Price Analysis Dec-9: ETH, XRP, ADA, BNB and LTC
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin. Ethereum (ETH) In the past week, Ethereum consolidated its price above the key support at $1,240 by moving sideways, which did not allow it to diverge much compared to seven days ago. However, this price action made a higher low […]
67 days ago cryptopotato
XRP on the Verge of Closing a Second Green Weekly Candle, What’s Next? (Ripple Price Analysis)
Ripple is on the verge of closing its second green weekly candle. However, there is a horizontal obstacle on the way to higher levels, which will be discussed further below. Technical Analysis By Grizzly The Daily Chart: XRP managed to recapture the 200-day moving average line (in white) on the daily chart after struggling since […]
68 days ago cointelegraph
Will Bitcoin hit $110K in 2023? 3 reasons to be bullish on BTC now
Bitcoin is printing significant bullish divergences with BTC price in line for a “massive bull run,” new analysis argues.
71 day ago cointelegraph
Litecoin hits fresh 2022 high versus Bitcoin — But will LTC price 'halve' before the halving?
Litecoin diverged from the broader crypto market downtrend in the months leading up to its halving in August 2023.
78 days ago cointelegraph
BTC losses get real as Bitcoin SOPR metric hits lowest since March 2020
Sale price versus price paid diverges the most in over two years — since the last Bitcoin "black swan" event.
87 days ago cointelegraph
Vitalik reveals a new section in the Ethereum roadmap: The Scourge
The Ethereum roadmap now consists of the Merge, Surge, the Scourge, the Verge, the Purge and the Splurge.

About Verge?

The live price of Verge (XVG) today is 0.003139 USD, and with the current circulating supply of Verge at 16,516,487,725.32 XVG, its market capitalization stands at 51,839,407 USD. In the last 24 hours XVG price has moved 0.000008 USD or 0.00% while 1,372,859 USD worth of XVG has been traded on various exchanges. The current valuation of XVG puts it at #375 in cryptocurrency rankings based on market capitalization.

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

Verge is a cryptocurrency designed as an upgrade of the original bitcoin technology. The coin seeks to become a more secure and private version of crypto, and it will additionally be more suitable for day-to-day use. The Verge (XVG) coin was initially created as the DogeCoinDark in 2014 and has been under constant development since then, changing the project's name in 2016. The primary field of growth for the Verge crypto is the advancement of payment tools in order to become an easy-to-use tool for business transactions, everyday payments, and enterprise-grade financial transactions. The Verge coin was barely noticed until the middle of May 2017, right before the boom of the cryptocurrency market. The XVG price showed incredible growth in December 2017 and it has been under gradual decline since then. You can check out the price of XVG coin on Coin360.com
Verge Price0.003139 USD
Market Rank#375
Market Cap51,839,407 USD
24h Volume1,457,982 USD
Circulating Supply16,516,487,725.32 XVG
Max Supply16,555,000,000 XVG
Yesterday's Market Cap51,494,495.66 USD
Yesterday's Open / Close0.00311 USD / 0.003118 USD
Yesterday's High / Low0.003136 USD / 0.003009 USD
Yesterday's Change
0.00% ( 0.000008 USD )
Yesterday's Volume1,372,858.69 USD
Mining Info
Hashing algorithmScrypt
Pools (known)11
Pools Hashrate10.44 GH/s
Network Hashrate234.30 GH/s
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