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0.00000016 BTC
Market Cap (Rank#328)
2,688 BTC
Vol 24h
124.128 BTC
Circulating Supply
Max Supply
5 days agocryptodaily
Gnox (GNOX) Presale Expected To Be Sold Out By Mid-August. Ethereum (ETH), And Cardano (ADA) Spike In Price
ETH and ADA Price Spiking On Upcoming Renovations Both Ethereum (ETH) and Cardano (ADA) have been spiking as of late as crypto investors anticipate milestones such as Ethereum's “merge” which will finally take the blockchain off of proof-of-work and onto a proof-of-stake accounting mechanism. The merge is expected to reduce the amount of energy needed to run the blockchain by 99% while speeding up transactions. It won’t however, have much of an effect on the gas prices as they are solely based on network usage which is expected to only go up. ETH is currently priced at over $1500 and has risen more than 60% in the past couple of weeks. Cardano is on the verge of launching Vasil on its mainnet — the most important milestone in 2022. According to developers IOG, Vasil will offer Cardano platforms “significant performance and capability upgrades” and a better experience overall. ADA is selling at around 50 cents at the time of writing and has recently seen a 30% surge in price. Gnox (GNOX) Presale Is On Fire Gnox Token (GNOX) is now in Round 3 of its private, pre-launch token offering. The presale was divided into three phases with a certain amount of tokens allotted to each phase. At the end of each round, all unsold tokens are burned, thus raising the price for the next round. However, things didn’t go as expected. Round 2 actually sold out with days. The third phase runs until August 12th and is also expected to sell out. So if you want in on GNOX, now is the time. But what is the Gnox platform and why is it on fire before the platform has even launched. GNOX is the first DeFi token to have a real shot at mass adoption. Right now, if crypto investors want to build a diversified portfolio of assets, they have to go to do all of the research and then open an account on an exchange and buy the assets piecemeal. Furthermore, if you want to earn any passive income on the assets you have to learn the ropes of DeFi platforms that offer staking, lending, and pooling opportunities. It’s a lot of work and most people end up not getting the results they’re hoping for. GNOX changes all that. All you have to do to be invested in a diversified portfolio of crypto assets is buy and hold the GNOX token. Done. A team of professionals does all of the heavy lifting. You can think of GNOX as you might think of an ETF that gives you exposure to a basket of stocks. However, GNOX takes it a step further and offers ongoing passive income to all holders. The GNOX treasury (which is funded by a royalty on token sales) will be invested in top cryptocurrencies that offer passive income opportunities across several platforms and blockchains. The revenue will then be used to buy back and burn GNOX tokens on a monthly basis thus constantly reducing the supply. Moreover, a 1% royalty on all aftermarket sales will be airdropped back to all GNOX holders every hour. This means you can sit back and watch your stack grow throughout the day. This, on top of a constantly growing treasury that produces more and more passive income provides great incentive to get in as early as possible and hold for the long haul in order to create generational wealth. You can get in on the presale and learn more about GNOX on the website. Learn more about Gnox: Join Presale: https://gnox.ioTelegram: 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 agocryptopotato
Zetly Introduces an Exciting All-in-One Platform for Sports
The world is going digital, and there are no two ways around it. With the advance of concepts such as the metaverse, many industries are on the verge of colossal changes, and the sports industry is no exception. Zetly is a Polish-Estonian tech startup, and its primary goal is to build the world’s leading digital […]
13 days agocoindesk
Ethereum After the Merge: What Comes Next?
Post Merge, the Surge, the Verge, the Purge and the Splurge will continue to make Ethereum's proof-of-stake blockchain more scalable and secure.
17 days agocointelegraph
Lido DAO: Ethereum's biggest 'Merge' staker soars 400% in July — but technicals flash warning
LDO has recently witnessed a growing bearish divergence between its price and key momentum oscillator.
19 days agocointelegraph
This little-known DeFi crypto token has rallied over 800% in a month
While an ongoing technical divergence between BOND's price and volumes suggests upside exhaustion.
19 days agocryptodaily
U.S. Senators Propose Tax Exemption on Small Crypto Transactions
Lawmakers from both the Democratic and Republican parties have today introduced a crypto tax bill to U.S. Senate that would exempt transactions under $50 or less. Senators Pat Toomey and Kyrsten Sinema are trying to push their Virtual Currency Tax Fairness Act to exempt crypto users from tax requirements on small investments or purchases. According to CoinDesk, a de minimis crypto tax bill has been introduced to Congress geared toward providing capital gains tax relief for crypto transactions worth $50 or less. The exemption has been introduced to nullify otherwise mandatory capital gains tax for such small transactions. The bill would also avoid applying to trades between crypto and a fiat currency, as well as “all sales or exchanges which are part of the same transaction (or a series of related transactions) shall be treated as one sale of exchange,” per a report by The Block. This is not the first time an idea such as this has been purported, with a more comprehensive bill introduced earlier this year by senators Cynthia Lummis and Kirsten Gillibrand. Senator Toomey has sought to help the crypto industry on multiple occasions before he retires from Senate at the end of this session. He says, While digital currencies have the potential to become an ordinary part of Americans’ everyday lives, our current tax code stands in the way. Adding that the latest bill will let people “use cryptocurrencies more easily as an everyday method of payment by exempting from taxes small personal transactions like buying a cup of coffee.” The U.S Internal Revenue Service long has held a firm policy on cryptocurrencies stating on its website, When you sell virtual currency, you must recognize any capital gain or loss on the sale. Industry advocates have argued that the current standard has been among the roadblocks standing in the way of crypto’s use in the U.S. as an alternative way to pay for things. According to Jerry Brito, executive director of Coin Center, a crypto policy think tank in Washington, This would foster the use of crypto for retail payments, subscription services, and micro transactions. Adding, More importantly, it would foster the development of decentralized blockchain infrastructure generally because networks depend on small transaction fees that today saddle users with compliance friction. It is unlikely that there will be any movement in terms of passing new legislation this year as Congress is on the verge of a lengthy August recess before the midterm elections in November. The Senate calendar is already full with non-cryptocurrency-related issues, and Senator Toomey is not expected to run for re-election following this session. 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.
19 days agocryptodaily
IoTeX's MachineFi Lab challenges Big Tech by democratizing IoT to benefit users and businesses
Ankr and IoTeX meet on Twitter Spaces to discuss the future of IoT and how with blockchain technology, IoTeX can enable "all of us" to own our machines and data We all produce data constantly, even unsuspectingly, as all smart devices and machines are built to gather data for profit. A Domo report states each person generated 1.7 MB every second in 2020. The amount of data we as individuals generate could be worth about $3,000 a year. What's more, a 2018 article by Penta Security said that by 2021, automakers would profit more from connected vehicle data than actual car sales. In the US, an average person spends 17,600 minutes driving annually, generating anywhere from 380 TB to 5,100 TB of data, according to a Tuxera report. Google, Amazon, Microsoft, Apple, Facebook, and others have built empires worth up to trillions of dollars off of commercializing our data. So, yes, "data is the new oil," as British mathematician and data scientist Clive Humby said in 2006. Was he wrong? Of course not. In 2021, Techdirt published an article entitled "Smart TV Makers Will Soon Make More Money Off Your Viewing Habits Than The TV Itself." This is true of all intelligent devices and machines, which is why the Ankr and IoTeX Twitter Space conversation is so relevant to people worldwide, particularly as we head toward 2030, when 125 billion IoT devices could exist. That is over ten per person, considering that the global population is estimated to reach 8.6 billion by that year, according to a recent United Nations forecast. 'The Internet of Things Meets Blockchain' Ankr and IoTeX spoke about the future of the Internet of Things (IoT) movement and how both projects are empowering development and bridging web3 with the IoT industry that is growing in value daily, wrote Ankr's blog writer Kevin Dwyer. "MachineFi is a new category of applications that connect all smart devices and machines to blockchains like IoTeX," he added. "These 'trusted devices' will likely become one of the largest users of the blockchain as they have an incredible amount of data to record and share." The Ankr blog points out that "IoTeX allows developers to create new applications that leverage the enormous amount of data that internet-connected machines provide. This data can be used to inform nearly every kind of software, dApp, and metaverse that may need to adapt based on real-world happenings like weather, traffic, package statuses, locations, etc." Dwyer points out only a few use cases of the many possibilities with MachineFi and more so, thanks to the cutting-edge technology developed by IoTeX's core developer, MachineFi Lab. The X-to-earn potential "You may have heard of new crypto projects surrounding move-to-earn, interact-to-earn, etc. In short, you prove your activity (from a trusted device) in the real world to earn token rewards," the blog reads. "This is similar to the idea of 'safe driver discounts' from insurance companies." And continues: "You plug in your camera to collect data on your driving and earn rewards for being safe — there are almost limitless opportunities to apply similar ideas with blockchain tech. Your data has value, and for the first time, you will be able to own your data and benefit from the rewards." Rewards from pooling your data "Governments, cloud companies, social media companies, and all corporations harvest an enormous amount of data from everyday people to use for their purposes," Dwyer wrote. "A combination of blockchain and IoT has the potential to reform society, allowing a more bottom-up approach to data. If you contribute data to the pool with thousands of others, this is an extremely valuable dataset for the above parties — but they will need to reward you for access to it this time." A DAO of Machines "Automated machines are set to replace an ever-increasing amount of jobs and tasks," he adds. "These machines will drive us around, deliver our groceries, manufacture our goods, sort and ship our packages, and many other things. "But who will own the machines that do the work? A handful of corporations, or all of us?" he so pointedly asks. "IoTeX allows a future for the latter by creating tools that enable developers to build applications and let everyone contribute their machines to work and earn rewards." How to achieve mass IoT network mass adoption Dwyer wrote that the "main blocker for mass adoption when it came to a convergence of blockchain and IoT was the absence of a gateway between real machine data and the blockchain." However, he added, "IoTeX allows us to connect this real data to the blockchain while providing a full suite of developer tools and SDKs (Software Development Kits) that let anyone build new use cases. Ankr is instrumental in this path to mass adoption as, without web3 developers, nothing is possible." Last week, we sat down to talk with the amazing folks from @iotex_io about all things web3 and IoT.Here is a recap: — Ankr (@ankr) July 20, 2022 In summary IoTeX connects real-world data to the blockchain, while Ankr connects web3 developers and dApps to the IoTeX network. "The internet of things will require a gateway to relay a vast amount of information to and from blockchains — this is where Ankr comes in. Ankr currently serves around 200–400 requests per second to the IoTeX blockchain from developers and dApps interacting with the IoTeX chain. Ankr empowers all devs who want to get involved with the IoTeX ecosystem," the blog concludes. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
20 days agocryptodaily
Ethereum Roadmap: Vitalik Buterin Updates Community
The Ethereum founder addressed the upcoming Ethereum Merge and talked about all the other network upgrades that would follow The Merge at a conference on Wednesday. Co-founder Talks Benefits At the annual Ethereum Community Conference (EthCC) held in Paris on July 19 through 21, Ethereum co-founder Vitalik Buterin spoke at length about the next steps in the Ethereum network roadmap, including the Merge, the Surge, the Verge, the Purge, and the Splurge. The Merge, which refers to the completion of the Ethereum mainnet merging with the Beacon Chain proof-of-stake consensus, is the first big upgrade in the roadmap. The team has been working on this upgrade for years now, and it is finally in the last leg. According to the current plan, the Merge is in its final round of testing and will be implemented on the main network by the end of this year. In fact, both Vitalik and Ethereum’s core developers have set a September 2022 deadline for the upgrade. Vitalik also counted the many benefits that the PoS system would bring to the Ethereum mainnet after the Merge. He commented, “Ethereum today can process about 15-20 transactions a second. This Ethereum including the rollups, including the sharding […] it’s going to be able to process 100,000 transactions a second.” What Happens After The Merge? Buterin also listed the upgrades planned down the road after the Merge has been implemented on the mainnet. In the next upgrade phase, the Surge will enhance scalability for rollups through sharding. Basically, the network will be divided across multiple nodes (or shards) to process multiple transactions simultaneously. Following this phase, in the Verge, three network goals will be implemented, which include deploying the Verkle tree data structure using the hexary Patricia tree. It will also optimize Ethereum storage and reduce node size, thus enhancing scalability. Consumers can become network validators without having to store chunks of data on their systems. The fourth phase, or the Purge, Vitalik said, would be focused on further reducing hard drive loads for validators by eliminating historical data and bad debt. Finally, in the Splurge phase, Vitalik revealed that the network will focus on “all of the other fun stuff.” This final stage will target constant improvements on the Ethereum blockchain to smooth out all operational bumps. Other Plans Vitalik also spoke about the network planning to upgrade with a Single secret leader election (SSLE) capability to withstand denial-of-service attacks (DoS attacks). He said, “With an SSLE, you’re not going to be able to tell who is going to create the next block until they actually release the block, which is really amazing. It gives us really nice security property.” He also discussed other possible upgrades for the Ethereum network to integrate for its efficient operations and settlements, including Single Slot Finality. 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.
22 days agozycrypto
Divergent Views Over Digital Asset Mining Call For Closer Stakeholder Engagement
The Bitcoin Mining Council (BMC) has released the Global Bitcoin Mining Data Review Q2 2022 report. The report has interesting findings on digital asset mining that will certainly add to the debate on the impact of crypto mining on the environment. According to the BMC report, Bitcoin mining uses an inconsequential amount of global energy, […]
24 days agocryptodaily
Ethereum (ETH) Chain's Newest Project Uniglo (GLO) Starts Its Presale In July, ApeCoin (APE) Holders Gear Up
No matter how much the industry or individual investors grow to love or hate cryptocurrencies, there’s always an undeniable excitement that comes with new projects in the space. The promise of new technology, new use cases, and, of course, new money always manages to stoke the fires of interest. For better or worse, this excitement surrounding new cryptocurrency projects has been a major driving force behind the industry’s growth over the past few years. Billions of dollars have been poured into new projects through initial coin offerings (ICOs) and other fundraising methods, hoping to catch the next big thing. Supporting promising ICOs can lead to greater profits once the projects are launched to the public. One of the most thrilling ICOs entering the industry is Uniglo (GLO). Meanwhile, ApeCoin (APE) holders are gearing up for bulls. What do we know about GLO, and what’s the fuzz about APE? What Makes Uniglo (GLO) Unique? Uniglo's sudden rise in fame is attributed to the key factors that define how this token will succeed in the future of cryptocurrencies. Incorporating rarity through the unique ultra-burn mechanism, Uniglo is a community-based social currency asset-backed by digital currencies and rare NFTs. Uniglo’s native token is GLO which is trying to balance protecting wealth and investing in future growth. Uniglo (GLO) Presale Ethereum Chain's newest project, Uniglo, will begin its presale on July 15 and will run for a month. During this period, Uniglo will offer a Presale bonus of 5% for every token purchase. The presale proceeds will be utilized to create the Uniglo platform. The team has already created an early version of the Ultra-Deflationary Burn mechanism, and the introduction of this novel token-burning method is planned for 2023. Uniglo is the first project focused on developing a unique burn technique that will enable Uniglo to raise the rarity of GLO and, as a result, the coin's value. The platform will enable the growth of a new economy based on digital commodities, according to the firm vision of the Uniglo team. Developers and business professionals with extensive experience serving as the Uniglo team's leaders, with a demonstrated track record in the banking sector and rare/unique high-end investments. ApeCoin (APE) Holders Are Preparing For Massive Breakout ApeCoin holders are gearing up, sending positive signals for the price increase. ApeCoin's price was driven higher by bulls, indicating a further bullish revival. What happened? Three important elements are responsible for the reversal. Snoop Dogg and Eminem, two of America's most well-known rappers, debuted a new music video at Ape Fest '22. The song, which includes NFTs from the Bored Ape Yacht Club (BAYC), quickly became well-liked in the Web3 and NFT communities. The famous rappers believe this to be the start of a brand-new media trend that will allow token owners to use the image of their Bored Apes for personal or professional projects. The ApeCoin's main plan was to simplify BAYC holders’ participation in exclusive activities. This has made the NFT token more appealing to those who haven't yet invested in the collection. It becomes evident that bears no longer have a grip over the NFT token as the ApeCoin price breaks out of its two-month downturn. The price chart for ApeCoin has a bullish divergence, and the NFT token is projected to increase by 30%. Bottom Line If you’re a fan of APE NFT token and searching for broader profit opportunities, Uniglo (GLO) might be worth checking out. Find Out More Here: Join Presale: Website: Telegram: Discord: Twitter: Disclaimer: This is a sponsored pressrelease andis 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.
27 days agocryptodaily
Can Blockify- Topple Facebook, Twitter and Coin Market Cap?
Decentralized social network Blockify creates communities for cryptocurrency and NFT projects and allows blockchain-based online social media. The evolution of the internet has led to Web 2.0, which is the current web system that we are all using. It is dominated by social media platforms where users can interact, comment, share and create content. But in the current web system, users generally have no control over the data and it is stored with third parties. There are also genuine concerns around how Big Tech companies such as Google, Facebook control most of the data and the chances of potential misuse. Ushering in a more decentralised internet, Web 3.0 is being built on multiple blockchain networks to reduce the need for intermediaries or eliminate threats of censorships and outages. In essence, it is designed to give control to users where the data is stored in multiple blockchains and thus being owned by users themselves. It’s becoming more and more evident that the social media model is broken. Successive scandals continue to underline that social media platforms put shareholder profits and advertiser interests above consumer protection and security. You do this in banking you're threatened with a jail sentence, or at minimum a whopping fine and censure from the regulator. Decentralized social media is in the limelight, but what needs to happen for it to gain the necessary momentum to compete with the size and scale of the centralized social behemoths? David versus Goliath? It is evident that the established social media companies have a Goliath-sized edge on new entrants when it comes to user numbers. The same will have been said about banking before challenger banks, bitcoin, and DeFi arrived, where big fintechs are overtaking banking and the rise the £2 trillion cryptocurrency market has been created by the people, without the traditional financial system and governments - all of this in the last decade. Facebook and Twitter have vast, ready-made audiences, on which to test new features and integrations, however, user sentiment isn’t necessarily on their side. It’s become apparent recently that Facebook in particular, is struggling to attract younger users. Moreover, decentralized platforms have an edge that could prove to be a killer – financial incentives. Blockchain’s peer-to-peer payments, combined with DeFi and gamification, offer endless opportunities for users to generate income for their content while also earning for other activities like watching ads. Could this be the incentive that attracts people away from traditional social media platforms? Social Media Turns DeFi It’s early days for Web 3.0 but there are a few projects that are innovating at the convergence of social media, decentralization, and digital assets. Enter Blockify. Blockifyis built using blockchain technology, allowing them to tap into the decentralized nature that blockchain ecosystems hold. Blockify allows anyone to permissionlessly create their own page and follow their favorite projects. Users can engage and interact with other users along with projects. Project owners/creators can manage and govern their respective pages effortlessly. Compared to centralized platforms, it’s completely censorship-resistant, so projects and users can choose how to govern their own pages. The Blockifyecosystem’s flexibility is what makes the project stand out as a blockchain social media platform, along with its customization potential. Once up and running, the platform will integrate with other applications and features currently being built on the network, allowing more monetization opportunities than competitor platforms. “Money and finance are ingrained into blockchain technology, so this gives us some great options for reshaping the intersection of money and social networking. Web2 platforms for content monetization often have fees for all parties involved, but with Web3, we can remove these.” D.C- Blockify Founder Stacking the DeFi journey into one experience Blockchain can address two essential shortcomings of the centralized social media network including transparency and data security. With Blockify, users can truly be free online and capture the full value of their work while also getting rewarded for sharing it. Whether you’re a DeFi native, finally making the jump from centralized crypto exchanges, or transferring directly from traditional finance, Blockify is now the one place that supports all of these actions: Exploring new assets Single-transaction investments Accurate portfolio tracking Decentralised social media interactions Verifiable communication between projects and communities & Much more Closing Thoughts on Blockify Privacy and data security are becoming a significant concern in social media platforms. Blockchain Social Media projects like Blockify offer many benefits other than just privacy and security. Social media applications have serious privacy flaws exposing users to cybercriminals, such as Facebook, WhatsApp, and other social media companies that have been known to be selling users’ private information to advertising companies for targeted advertising. On traditional social media platforms, some of the major privacy concerns are account hacking, impersonation, staking, harassment, and being forced to turn over passwords. Blockchain technology in the Blockify platform ensures that all projects are verified, preventing the creation of fake accounts inclined towards spreading fake news or FUD. Integrating with blockchain technology allows projects to disseminate communications between official project representatives and their communities in a verifiable manner. Blockifyaccomplishes this due to the verification process that the platform incorporates. In addition, Blockify is one of the most exciting projects I’m tracking for 2022. For updates regarding Blockify please check: Website: Twitter:
31 day agocoindesk
Kevin Rose’s Proof Acquires Divergence Engineering Team
The NFT powerhouse responsible for the Moonbirds collection is gearing up for a “social universe” launch later this summer.
32 days agocryptopotato
Ripple Price Analysis: XRP On the Verge of Breaking Below a Critical Support
The bulls have so far managed to keep XRP above crucial support. The cryptocurrency experienced a 15% correction following a rejection at the 50-day moving average. Technical Analysis By Grizzly The Daily Chart The mid-term chart structure for XRP has become relatively unpredictable. Multiple supports have failed to hold the price, which are now acting […]
40 days agocryptopotato
Ripple Price Analysis: XRP Sheds 10% Weekly but Potential Bullish Divergence Appears
The sideways trend for XRP has continued for the last three weeks. The price fluctuates between $0.3 and $0.4. Meanwhile, some technical indicators signal a possible bullish divergence. Technical Analysis By Grizzly The Daily Chart Looking at the MACD on the daily chart reveals that during previous drawdowns, the bearish momentum decreased in the short […]
41 day agocryptopotato
Circle CEO Refutes Rumor of USDC Collapse Due to Exposure to Troubled Firms
The Circle CEO refuted the latest rumor of USDC being on the verge of a financial breakdown, saying the company is in the strongest financial position ever.
43 days agocryptosrus
Crypto Likely To Rally in Coming Months As Traditional Assets Fall, Says CEO of $5,100,000,000 Hedge Fund
Covered: Pantera Capital CEO Predicts Rally Fundamentals of Crypto Pantera Capital CEO Predicts Rally Pantera Capital CEO Dan Morehead believes crypto assets will diverge from traditional assets such as stocks, bonds and real estate. In a CNBC interview, the crypto hedge fund CEO says the prices of digital assets will likely be going up in […] The post Crypto Likely To Rally in Coming Months As Traditional Assets Fall, Says CEO of $5,100,000,000 Hedge Fund appeared first on CryptosRus.
43 days agocryptodaily
Can Mehracki Token (MKI) Revive the Bull Market Like Dogecoin (DOGE) Did?
The cryptocurrency market is not very healthy for buyers and traders as volatility is at its peak, and no one is sure about the market's direction. The only certain thing, for now, is we are in a bear market rally as the whole market has been on a downtrend if you zoom out on the price charts since everything peaked in November 2021. It's not a great time for new projects to launch only for a few exceptions that can exhibit strength despite the market condition or those fitting the market narrative. Happenings and narratives drive the cryptocurrency market. For example, the Luna crypto crash would go down as one of the most devastating events in cryptocurrency, and after it took place, it was clear there were still some downsides for the market. The market usually needs a saviour, which is usually in the form of a project with a good run, enough to restore confidence in the market. The last bull run was kickstarted by Dogecoin (DOGE), Shiba Inu (SHIB) and some other meme coins. The market narrative seems like one that a meme coin could save, and Mehracki Token, a new cryptocurrency project with meme potential, is showing strength. The token is pushing a narrative of "feeling meh," which looks like a fit for the current market situation. Despite the Luna crypto crash and several other centralised platforms collapsing, we could have a saviour in MKI. Mehracki Token (MKI) The Mehracki Token (MKI) is a new cryptocurrency to reflect on how most crypto users feel, described as "feeling meh." This narrative is so good that it fits every situation and looks like the perfect market condition to have something like this. As described by the project, MKI is a community-driven feel-good meme token built on Solana that was created to alleviate user anxiety by generating wealth for token holders and championing feel-good moments and activities for people all over the world. Meraki (pronounced may-rah-kee) is an adjective that refers to putting one's soul, creativity and love into whatever one does. Mehracki's real-world applications will revolve around cheap, fast, and borderless transactions, primarily focusing on feel-good industries like hospitality and tourism. We believe that providing services solely to the sectors above will promote communism, understanding and belief convergence. Users can make transactions with MKI tokens right away, run customer loyalty tokens, avoid costly intermediaries, gain firsthand access to consumer behaviour data for improved services, set up a referral and feedback system and other similar activities. Beyond the internet memes, Mehracki Token (MKI) will power feel-good NFTs, DAO and DeFi platforms, including staking and yield farming, a market, and a real-life tourism and hospitality business. Dogecoin (DOGE) Dogecoin (DOGE) is a first-generation cryptocurrency that can be used to transfer value around the world securely. Dogecoin famously features the Shiba Inu, a Japanese dog breed from popular internet memes. The developer's desire to keep the project lighthearted prompted the use of this character. The primary goal of this coin, like Bitcoin and Litecoin, is to enable censorship-resistant peer-to-peer transactions. Like every first-generation cryptocurrency, DOGE was only concerned with basic functionalities supporting peer-to-peer transactions and a secure network. As the blockchain developer later explained, the network was created without much thought and was a meme to the market situation at the time. The growth Dogecoin eventually amassed was not anticipated Dogecoin grew massively in 2021 and was further fueled by rumours that Elon Musk, a strong supporter of the cryptocurrency, plans to incorporate the token into his corporate expansion plans that would involve Tesla. Today, Dogecoin is accepted by a few companies, and it is the largest meme coin in the cryptocurrency market with about an $8 billion market cap as of June 20, 2022. The token peaked at an $88 billion market cap and sent the whole market into a bull run. Mehracki Token (MKI) is a new cryptocurrency creating a template of such and is looking good enough to take everyone out of the bear market rally. You can join the presale here. Presale: Website: Telegram: Disclaimer: This is a sponsored pressrelease, andis 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 agocointelegraph
FTX on the verge of purchasing BlockFi in $25M fire sale: Report
The cryptocurrency derivatives exchange could potentially buy out the troubled lender for pennies on the dollar.
51 day agocryptodaily
Crypto Crash Coming, Continue to Buy the Dip: BNB Coin (BNB), Ethereum Classic (ETC), and FIREPIN (FRPN)
Another crypto crash may be coming as central banks are still going to raise interest rates in the fight against inflation. This was echoed by Bitmex co-founder and former CEO Arthur Hayes who said altcoins will likely plunge more than 50% in the next few weeks. The majority of crypto assets have already lost more than 50% of their value since the start of the year and the whole market has lost around $2 trillion since its peak in November 2021. The coming crypto crash should not stop investors from buying the dip and dollar cost average on their crypto investments. Some assets that have previously endured the bear market have what it takes to survive this downturn. BNB Coin (BNB) and Ethereum Classic (ETC) are good examples while FIREPIN (FRPN), still in the presale stage, could be the gem of the next bull run. Is a Crypto Crash Coming in 2022? Bitcoin reached an 18-month-low after its price plunged to around $20,407 and Ethereum (ETH) is on the verge of trading lower than $1,000. Experts have warned that the global macroeconomic conditions are spooking investors to sell off their risk assets. The 2022 crypto winter has been a pain for investors as there are fears of a recession. Analysts are predicting that the crypto winter may last more than 2 years as was the case in 2018. The 2022 crypto crash has been caused by many factors. Within the crypto sector, the collapse of Terra Luna was an unfortunate event that put more pressure on a market already bleeding from the effects of the coronavirus pandemic, the instability in Eastern Europe, and interest rate hikes by the U.S. Federal Reserve. While many people may not have seen the crypto crash coming, they should strategically buy the dip in preparation for the next bull run. Should I buy the Dip? Buying the dip has the potential to increase your return on investment, but only if you do it right. The first and most important thing is to go over your portfolio and make sure that you are holding solid projects with good financial models. This is to ensure that you are holding crypto assets that will survive the bear market. There is no use in buying and holding a cryptocurrency that might collapse at any time. The Terra Luna crash should serve as an example of what can happen to projects that may seem strong during a bull market. You don’t have to go all-in at once. Buy the dip periodically and don’t use all your money in one purchase. Monitor the market closely and only invest in cryptocurrencies that you are willing to hold for a long time. There are good projects that are still starting. Study them and only invest if they seem to have a practical use case. FIREPIN (FRPN) FIREPIN is a community-powered ecosystem. The FRPN token is the governance and utility token of the decentralized platform. All holders of the FRPN governance token are automatic members of the FIREPIN DAO. The FIREPIN DAO is an autonomous organization that gives governance control of the ecosystem to the community through proposals and voting. The FIREPIN ecosystem is broad and includes the metaverse, NFTs, DeFi, rewards and incentives, and blockchain gaming. Investors can benefit from buying FIREPIN in the presale stage and another bonus is that it is building during the bear market. BNB Coin and Ethereum Classic Investors holding BNB and Ethereum Classic (ETC) can buy the dip and continue to do so because these cryptocurrencies have previously survived bear markets. BNB is the native token of the Binance, an exchange founded in 2017. Binance made progress through the 2018 bear market and is now one of the largest exchanges in the world. Investors can be assured that BNB Coin will still be around on the other side of the bear market. The most important skill for investors right now is to avoid projects that can lead to outcomes similar to the Terra Luna crash. BNB, ETC, and FRPN are good cryptocurrencies to buy and hold. Find out more: Website: Presale: Telegram: Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
58 days agocryptodaily
Three Arrows Capital Liquidated For Millions, Fails To Meet Margin Calls
A new report has revealed that venture firm Three Arrows Capital (3AC) has reportedly failed to meet margin calls from lenders. The developments have once again brought up the risk of insolvency following the brutal collapse of crypto markets earlier in the week. The report stated that crypto lender BlockFi was one of several companies that liquidated some of 3AC’s positions. Is Insolvency On The Cards? Well-placed sources have revealed in a report that Three Arrows Capital could potentially be facing insolvency after going through several liquidations. The sources revealed that the hedge fund’s liquidations totaled around $400 million, with the hedge fund’s founder Su Zhu tweeting that they are in touch with relevant parties. “Well-Placed Sources’ Say Three Arrows Capital Was Liquidated for at Least $400 Million, Hedge Fund Allegedly Maintains ‘Limited Contact With Its Counter-Parties.” There are growing fears that the hedge fund founded by Zhu and Kyle Davies back in 2012 could be on the verge of insolvency, stated the report. The sources also revealed that 3AC maintained only limited contact with counter-parties after the wave of liquidations. A Falling Portfolio Data from Dune Analytics has revealed that Three Arrows Capital’s current portfolio is around $372.47 million and has seen a change of nearly $139.12 million in the last 24 hours. The hedge fund’s portfolio is relatively diverse, consisting of tokens including AAVE, BAT, CEL, FTT, GUSD, LIDO, and LINK. Currently, $166 million is locked in USD coin (USDC), with the second-largest allocation held in serum (SRM), with the allocation standing at around $46 million. 3AC was also heavily invested in the Terra ecosystem and faced a significant loss of capital thanks to the collapse of the LUNA and UST. 3AC has so far not commented directly on the reports emerging about its possible insolvency, with founder Su Zhu making only a vague statement about the developments. He stated, “We are in the process of communicating with relevant parties and fully committed to working this out.” Su Zhu has not tweeted since the 7th of June, with the founder’s silence making investors jittery since Zhu has also not responded to any questions from them. Crypto’s Problems Continue To Mount The liquidations faced by Three Arrows Capital and its potential insolvency come at a time when the crypto space is already facing several issues. Developments around Celsius, Justin Sun’s Tron facing issues with its USDD stablecoin, and Microstrategy’s losses have made markets extremely jittery. Add to this the fact that the global economy is also facing a recession, with inflation wreaking havoc. 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.
65 days agocointelegraph
Price analysis 6/10: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, AVAX, SHIB
BTC and altcoins are on the verge of falling below critical support levels, and June 10’s higher-than-expected CPI report isn’t helping.
68 days agocryptodaily
Monaco and Vegas enter the Metaverse
Online real money gaming is far from a new concept, however, the metaverse is only just starting to gain traction. Earlier this year, JPMorgan Chase commented that the metaverse "will likely infiltrate every sector in some way in the coming years with the market opportunity estimated at over $1 trillion in yearly revenues”. In a nutshell, the metaverse is a shared world where real-life and digital experiences crossover, and users can engage in a vast number of activities—from buying virtual goods and property to meeting new people and attending events, whether that’s going to a concert, restaurant, or art exhibit. Online bettors have been logging on for decades to play poker, however, for those without a good poker face, the metaverse offers the option of donning an avatar. Metaverse casinos are basically extensions of regular online casinos, except transactions are completed in cryptocurrency. Decentralized play-2-earn games have a lot of benefits for its users, foremost blockchain technology’s ability to ensure that a higher level of transparency, security, and privacy are reached. Specifically, winnings and bets will be recorded on the blockchain, meaning bets cannot be rigged. With real-life casinos closing down across the globe during the pandemic, enthusiasts have jumped onto the online play-2-earn bandwagon more than ever over the past two years. Players are already making millions in virtual world casinos, with ICE Poker reporting revenue of $7.5 million in the first three months of 2022. Another metaverse casino that is taking off is Planet Maya, the world's first collaborative open source virtual reality casino, powered by ChampionGames. Through its economy and community of game developers, odds-makers, and players, the platform’s aim is to change the perception of online skill based gaming by building global play-to-earn experiences that converge sports, technology, and entertainment. Planet Maya will give users the experience of being at a casino with all the ambience that real-life casinos have to offer, while also providing aspiring casino owners with an opportunity to own and build a virtual casino. From betting on their favorite Esports and Formula 1 game, to roulette, slot machines, poker, and blackjack, users will have the option to bet on over 8 categories of games and 100 casino games. Customers (bettors) simply enter into direct deals with smart contracts, which coordinate with the network of game developers and service providers, whether that’s cloud hosting services, data API’s, or other service providers. By distributing rewards amongst creators of games, customers, and members of the community that support them, Planet Maya users can not only earn but also engage as well as build communities. The dawn of the metaverse has created an abundance of unforeseen opportunities across a plethora of different industries that benefit from the blockchain’s increased security and transparency. Online real money making games are already an incredibly lucrative industry, but by merging metaverse technology with skill based gaming, metaverse casinos have the opportunity to bring more regulation and transparency to the online betting world. 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.
70 days agocryptopotato
Bitcoin at $30K Heading for First Green Week After 9 in Red (Market Watch)
Bitcoin is on the verge of marking its first weekly green candle in roughly two months, thus breaking its longest negative streak.
72 days agocryptopotato
What Does the Bitcoin Mining Moratorium Means for New York?
The fossil-fuel resurgence has triggered significant backlash putting New York on the verge of becoming the first state to institute a moratorium on Bitcoin mining.

About Verge

The live price of Verge (XVG) today is 0.003924 USD, and with the current circulating supply of Verge at 16,509,772,212.82 XVG, its market capitalization stands at 64,791,030 USD. In the last 24 hours XVG price has moved 0.000126 USD or 0.03% while 2,089,476 USD worth of XVG has been traded on various exchanges. The current valuation of XVG puts it at #328 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
Verge Price0.003924 USD
Market Rank#328
Market Cap64,791,030 USD
24h Volume2,992,489 USD
Circulating Supply16,509,772,212.82 XVG
Max Supply16,555,000,000 XVG
Yesterday's Market Cap66,511,310 USD
Yesterday's Open / Close0.003903 USD / 0.004029 USD
Yesterday's High / Low0.004188 USD / 0.003903 USD
Yesterday's Change
0.03% ( 0.000126 USD )
Yesterday's Volume2,089,475.90 USD
Mining Info
Hashing algorithmScrypt
Pools (known)10
Pools Hashrate5.17 GH/s
Network Hashrate16.25 GH/s
By MiningPoolStats
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