USDWatchlist
Uniswap(UNI)
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$5.887
(-1.89%)
0.00020985 BTC
Market Cap (Rank#20)
$3,399,637,709
121,182 BTC
Vol 24h
$40,928,086
1,459 BTC
Circulating Supply
577,486,703
Max Supply
1,000,000,000
3h ago • cryptodaily
Litecoin (LTC) and Shiba Inu (SHIB) Price Prediction: Orbeon Protocol (ORBN) Set For a 6000% Price Increase In 2023
The cryptocurrency market is one of the most exciting and dynamic investment opportunities of our time. It's fast-paced, unpredictable and full of potential. In the last week alone, Litecoin (LTC) has surprised many crypto natives with a remarkable performance week after week. Currently priced at about $90, market watchers predict that LTC could break the $100 mark in days. Shiba Inu (SHIB) has had a rough start to the year, with more predictions pointing to an ongoing bear trend for the once-popular meme coin. However, Orbeon Protocol (ORBN), a newcomer in the crypto space, is setting up for a journey to the moon, with experts predicting a 6000% price increase by the end of the year.
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Orbeon Protocol (ORBN)
The Orbeon Protocol (ORBN) native token, ORBN, has seen an impressive 2713% gain since the start of its presale, with market analysts predicting a potential 6000% return by the end of the presale.
Orbeon Protocol (ORBN) is a platform that enables users to invest in nascent businesses through fractional means, allowing individuals to invest in their preferred brands for as little as $1. The Orbeon Protocol (ORBN) platform creates and distributes NFTs based on rewards and equity, which can be fractionated accordingly.
All investment terms are written into the smart contract of the NFT, ensuring transparency for both businesses and users of Orbeon Protocol (ORBN). Also, investors have been protected from rug-pulls thanks to a security mechanism that refunds investors in case the startup fails to fulfill its goals.
In addition to the investment platform, Orbeon Protocol (ORBN) also offers a wallet that users can use to store their NFTs and an exchange that can be used to swap the digital assets listed on the exchange.
With an 2713% price gain so far, ORBN has outperformed multiple coins in the market, including top cryptocurrencies, since its launch, and Orbeon Protocol (ORBN) has continued to gain momentum. The success of the Orbeon Protocol (ORBN) presale highlights the potential of the platform and its ability to offer a new, innovative way to invest in nascent businesses.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
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.
3h ago • cryptodaily
Collateral Network (COLT) is a new player in the blockchain-based investments space, and it's already generating a buzz among Bitcoin (BTC) and Ethereum (ETH) holders.
Collateral Network (COLT) is a new player in the blockchain-based investments space, and it's already generating a buzz among Bitcoin (BTC) and Ethereum (ETH) holders. In the presale phase, Collateral Network (COLT) is offering a unique investment opportunity that promises to deliver significant returns. Let's learn more!
>>BUY COLT TOKENS NOW>BUY COLT TOKENS NOW>BUY COLT TOKENS NOW<<
Ethereum (ETH)
In the world of blockchain-based investments, Ethereum (ETH) is one of the most popular tokens after Bitcoin (BTC). Many investors are drawn to Ethereum (ETH)'s potential as a platform for DeFi applications, with current projects in the space aiming to facilitate trustless borrowing and lending on Ethereum (ETH).
Ethereum (ETH) has been successful in this regard, with world-renowned institutions like Ubisoft, ING, and IBM all relying on Ethereum (ETH) for their operations. Today, Ethereum (ETH) has a market cap of over $200 billion, making it the world's second-largest cryptocurrency by market value.
But with such a large market cap, just how high can Ethereum (ETH)'s price go? It is unlikely that Ethereum (ETH) will see another 1000% gain — something that Collateral Network (COLT) should have no problem achieving as more investors use the platform.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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.
3h ago • cryptodaily
Gemini Planning Overseas Crypto Derivatives Service
The Gemini crypto exchange is working on launching an international crypto derivatives exchange to fill the hole left in the derivatives market by the FTX ecosystem collapse.
Gemini To Offer Risky Perpetual Futures
Gemini, the brainchild of the Winklevoss twins, could be the next big derivatives service provider. According to reports from sources close to the matter, the crypto exchange has been reaching out to trading firms to serve as market makers to launch an overseas derivatives exchange. It is interesting to note that the platform will be specifically offering perpetual futures. This type of derivative does not have an expiry date and thus can be traded with significant leverage. Therefore, it is considered a highly risky product and banned for retail trading in the United States.
Will SEC Disapprove?
It will be interesting to note how the operation pans out, as the company has already been in hot water with the U.S. Securities and Exchange Commission (SEC) for allegedly selling unregistered securities. The SEC is not going to be too happy about the company’s perpetual futures offering. Even though the matter would be outside its jurisdiction, it could irk the regulatory body enough to make matters difficult for Gemini. In January 2023, the company had to lay off 10% of its workforce after being caught up in the Genesis bankruptcy.
Regulatory Trouble For Derivatives Providers
Furthermore, other regulatory bodies are also toughening up on crypto firms, especially those offering crypto derivatives services. For example, the Commodity Futures Trading Commission (CFTC) has recently sued the Binance crypto exchange on charges of violating U.S. derivatives law. Binance Australia also had to shut down the crypto derivatives accounts of some wholesale investors who did not fit the criteria. (The exchange does not allow retail investors to participate in crypto derivatives trading on its platform.)
Gemini’s Bid For Overseas
With FTX gone and now Binance embroiled in legal troubles, there is a significant market share up for grabs in international derivatives trading. In fact, even Coinbase had indicated plans to grab a chunk of this market share by launching an overseas platform to offer perpetual futures derivatives. However, as the crypto trading platform is likely going to face enforcement action from the SEC, as indicated by the Wells notice, Gemini could beat Coinbase to the overseas derivatives race. As one of the co-founders of Gemini, Cameron Winklevoss believes that the next bull run would come from Asia, the company’s international expansion makes even more sense.
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.
5h ago • cryptodaily
Core's Revolutionary Satoshi Plus Consensus Marries Decentralization, Security, and Scalability
Singapore, Singapore, 30th March, 2023, ChainwireCore is a novel layer one blockchain that is pushing the boundaries within the crypto space. Inspired by Bitcoin and Ethereum, Core progresses beyond those blockchain behemoths by synthesizing each of their superpowers. A student of blockchain history, philosophy, and innovation, Core optimally balances decentralization, security, and scalability.Without Core’s advancements, crypto has been plagued by the “Blockchain Trilemma,” which states that decentralization, security, and scalability can never be achieved simultaneously. Tackling the Trilemma head-on, Core DAO contributors have designed a unique consensus mechanism known as Satoshi Plus, which marries the decentralization and security of Bitcoin’s Proof of Work (PoW) with the scalability of Delegated Proof of Stake (DPoS).With Satoshi Plus consensus, both Bitcoin miners and CORE token holders can participate in network security by delegating their BTC hash power and staked CORE to a decentralized set of validators. With Bitcoin’s decentralization and DPoS’ scalability, validators on Core can securely and quickly produce blocks and validate transactions. Given this ingenious synthesis of blockchain principles, Core DAO contributors must now be considered thought leaders in blockchain innovation.Continuing to leverage the best features of all blockchains, Core is also EVM-compatible, allowing for the easy implementation of smart contract applications from Ethereum-based chains. The choice of EVM-compatibility, like other Core design choices, results from years of research into the trade-offs of other chains. This student-like approach allows Core to embody the essence of blockchain philosophy centered on decentralization and freedom.Inspired by philosophy and innovation, Core’s massive and enthusiastic community constitutes over 1.7 million followers on Twitter and over 239,000 members on Discord. Carrying over to on-chain activity, the recent CORE token airdrop was received by over 1.2 million participants, making it one of the largest smart contract interactions of all time. Looking forward, Core’s recent integrations with top-tier projects like Layer Zero are sure to lead unparalleled ecosystem development as more projects continue to see the Core opportunity.With leading builders, a growing community, and a groundbreaking consensus mechanism, Core is rising to revolutionize the blockchain space.About CoreDAOCoreDAO is a new independent blockchain powered by Satoshi Plus, an innovative consensus mechanism that directly leverages the Bitcoin mining hash rate and the Ethereum Virtual Machine (EVM) to power an optimally decentralized, secure, and scalable web3. Core DAO’s genesis and inspiration come from Bitcoin and Ethereum, but its ambition travels beyond those blockchain titans.ContactPR in chargeAntonio WuMEXC [email protected]
5h ago • cryptodaily
Klaytn's Pursuit of the Mass Adoption Trifecta: Why Sustainability, Verifiability, and Collectiveness Matter
As blockchain technology continues to amass hype and interest, several problems still hinder the growth of this new innovation.
According to a 2022 CoinGecko publication, over 40% of (3,322 out of the 8,000) cryptocurrencies listed in 2021 are dead. Most blockchain-based projects struggle to create and maintain a transparent token supply/demand structure. And coupled with the cost of maintenance and increasing energy consumption levels, these projects have found environmental and physical sustainability to be almost impossible.
Another problem of mass adoption is trust. The recent FTX debacle and preceding events, the Axie Infinity failure, and the Terra/LUNA crash have dispelled trust in blockchain, a system purported to be secure and transparent.
While several “community-powered” projects have launched, a few live up to the claim. The current DAO and governance approach incorporated by most projects means wealthier users can buy more tokens to change voting outcomes, eliminating the concept of decentralization.
These problems are at the forefront of blockchain mass adoption, making it difficult to achieve. Klaytn, an open-source public blockchain for builders, workers, and players in the metaverse, has identified the ultimate trifecta for global blockchain adoption and is working to achieve it with sustainability, verifiability, and collectiveness.
Klaytn Foundation’s Vision for Mass Adoption
As part of its long-term vision to drive global adoption, Klaytn introduces a thoroughly crafted 2023 vision map for achieving the mass adoption trifecta.
Sustainability
The two profound components of a project’s sustainability are—a smart tokenomicsstructure capable of creating inherent value for the ecosystem and a well-grounded tech layer capable of supporting such an ecosystem. In line with these components, Klaytn integrates specific goals.
Klaytn’s sound tokenomics and deflationary token model aspirations are stand-out features of this project. For sustainability, this public blockchain platform will continue to reschedule token releases to maintain relevance and initiate realistic targets for the right amount of tokens needed to make $KLAY a genuinely deflationary asset. It will also support activities that will guarantee mid-to-long-term token demand and supply.
Taking into account the cost of running a blockchain-based ecosystem, Klaytnproposes an efficient specification for computer instances and data storage. This singular action will help the team manage nodes dexterously while reducing costs in the long run. Additionally, Klaytn will introduce new concepts such as permissionless network configurations, ecosystem treasury optimization, and token circulation monitoring that will effectively oversee the supply of new tokens based on specific criteria gathered from incumbent market conditions.
Klaytn will also be on the lookout for infrastructures and services where ownership of $KLAY will guarantee holders access to these features, increasing the utility and transactional value of the token. Through exchange listings and on-chain service offerings, Klaytn hopes to attract more users.
To increase the long-term sustainability of $KLAY, Klaytn will regularly burn a percentage of tokens—over 75 million $KLAY has been burned to date, and more are expected in the coming months. The Klaytn team looks to initially burn 5.28 billion (approximately 48% of the current total $KLAY supply) tokens as it seeks to keep $KLAY inherently valuable.
Verifiability
Trustlessness has proven to be a huge sticking point in the blockchain space. Ensuring verifiability in all situations is essential for improving the transparency of all components related to the operation of a blockchain network.
In the spirit of promoting transparency and inclusivity in its governance processes, Klaytn intends to conduct frequent evaluations of community sentiment and develop a robust structure to facilitate efficient decision-making. KIP-81 will be integrated into Klaytn's mainnet, enabling users to conveniently view voting agendas, and monitor voting statuses and results live via the Klaytn Square governance portal. The Klaytn team also looks to open up access to its Governance Council, creating a process for teams interested in becoming GC members to apply directly.
Collectiveness
A robust ecosystem of developers and users is essential to the success of any blockchain network. This community serves as the backbone of the technology, providing the support, innovation, and governance necessary to drive adoption and ensure the security and integrity of the network. Besides enabling seamless onboarding of developers, Klaytn is integrating new measures to encourage active participation and community involvement.
With the aim of providing a hassle-free development environment, Klaytn is set to unveil a suite of ecosystem service tools, including a trustless bridge, developer SDKs that seamlessly integrate with multiple services, and a metaverse package.
As a public blockchain for all, Klaytn promises to be a community-powered project where users and developers are essential members. With that vision in mind, Klaytnwill hold regular developer meet-ups to provide direct communication and feedback channels with the Klaytn core development team. As it seeks to build on the spirit of collectivism, Klaytn also looks to establish “Proof of Hodl” communication touchpoints on its governance portal Klaytn Square, providing participants who contribute directly to the Klaytn ecosystem with opportunities to participate in governance and more.
Through its meticulously-crafted vision map, Klaytn aims to achieve the trifecta of mass adoption —sustainability, verifiability, and collectiveness—taking a giant step towards driving global adoption and rekindling users’ trust in blockchain projects.
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.
5h ago • cryptodaily
SBF Charged with Paying a $40 Million Chinese Bribe
U.S. prosecutors have added another charge to Sam Bankman-Fried’s growing list of indictments – paying a $40 million bribe to Chinese officials to unfreeze his hedge fund’s accounts.
United States prosecutors have accused Sam Bankman-Fried of paying Chinese officials a $40 million bribe to unfreeze FTX’s accounts. The bribery conspiracy charge adds to a 13-count indictment against the former CEO of the now-collapsed crypto exchange FTX.
Reuters reports Bankman-Fried is expected to be arraigned on the charge on Thursday before U.S. District Judge Lewis Kaplan in a Manhattan federal court. In a separate report, Reuters indicates that the former CEO intends to plead not guilty to the charge, citing a person familiar with the matter.
The new indictment against SBF alleges that he ordered a $40 million crypto payment to a private wallet from FTX’s sister firm, Alameda Research’s main trading account, to persuade Chinese authorities to unfreeze Alameda’s accounts containing over $1 billion of cryptocurrency. The indictment reads:
In or about November 2021, Samuel Bankman-Fried, a/k/a ‘SBF,’ the defendant, and others directed and caused the transfer of at least approximately $40 million in cryptocurrency intended for the benefit of one or more Chinese officials in order to influence and induce them to unfreeze the Accounts.
Reuters explains Alameda accounts were frozen as part of an investigation into an Alameda counterparty. The news agency adds that SBF’s prior attempts to influence Chinese government officials to unfreeze the accounts were unsuccessful.
Judge Kaplan Approves Changes to SBF’s Bail Restrictions
Judge Kaplan on Tuesday also approved amendments to SBF’s bail restrictions. CoinDesk reports the former CEO is no longer allowed to communicate with former FTX or Alameda Research employees except when counsel is present. Bankman-Fried is also no longer allowed to use any “encrypted or ephemeral call or messaging application, including but not limited to Signal.”
SBF’s electronic use is limited to a new laptop computer or phone that only provides him access to 40 pre-approved websites necessary for his defence or personal use “and do not pose a risk of danger to the community.” He has been ordered to hand over his old laptop and smartphone to his legal counsel, who will remove them from his premises.
Any visitor meetings must also be pre-arranged with Bankman-Fried’s defence attorneys, who must ensure security personnel are present to screen for unauthorized devices.
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.
6h ago • cointelegraph
Cointelegraph Markets Pro’s 390% gain dwarves Bitcoin’s 33% rise
Cointelegraph Markets Pro alerts beat the market once again, providing seven trading opportunities based on four different asset indicators.
6h ago • cryptodaily
Up and Coming Crypto Exchanges You Need to Know About in 2023
It is no secret that exchanges have continued to play a vital role in the growth of the burgeoning cryptocurrency ecosystem, providing enthusiasts with a platform for trading digital assets seamlessly. They serve as intermediaries connecting buyers and sellers, enabling them to exchange cryptocurrencies for other digital assets or fiat currencies.
One of the main benefits of traditional crypto exchanges is their simplicity and user-friendly interfaces. These platforms typically offer a more straightforward and convenient experience compared to decentralized alternatives, making it easier for beginners to enter the world of cryptocurrencies.
Moreover, they offer a high level of liquidity, something that is essential for efficient trading, as it allows users to quickly buy or sell assets without causing significant price fluctuations.
Lastly, traditional crypto exchanges often offer higher customer support and security. Since these platforms are managed by a central authority, they can invest in dedicated customer service teams that assist users with any issues or questions they may encounter.
In this article, we will list out some of the best up-and-coming cryptocurrency exchanges. So without any further ado, let’s jump straight into the heart of the matter.
Public
One of the fastest growing, most trustworthy $0 commission platforms in the market today, Public offers a comprehensive investment platform that empowers individuals to diversify their portfolios via a range of assets, including stocks, ETFs, treasuries, cryptocurrencies, artwork, and collectibles. On a technical note, the platform offers tailored company metrics, up-to-the-minute market analyses, live shows on market trends, and much more.
Public is a fully regulated broker-dealer but provides protection of up to $500,000 for any securities contained in its users' accounts. Additionally, the platform implements bank-grade security measures such as AES 128-bit encryption, TLS for secure data transmission, and default two-factor authentication (for an additional layer of protection).
Since its inception in 2019, Public has attracted over $300 million in investments. The platform's esteemed investors include Accel, Tiger Global, Sean 'Diddy' Combs, Will Smith (Dreamers VC), Maria Sharapova, Tony Hawk, The Chainsmokers' Mantis VC, and Shari Redstone's Advancit Capital.
MaskEX
One of the fastest-growing exchanges in the market today, MaskEX is a trading platform that focuses on delivering a secure and user-friendly trading experience. Featuring an intuitive interface, it caters to both novice and experienced traders, offering a wide range of cryptocurrencies for portfolio diversification.
Moreover, it comes with advanced trading tools, including real-time charting features, various order types, and in-depth market data, enabling users to make informed decisions and execute their strategies effectively. Security is a top priority for MaskEX, as evidenced by the fact that the platform features multi-tiered security protocols to protect users' assets and personal information. These measures include utilizing cold storage for a majority of its funds, distributed storage systems, multi-signature technology, two-factor authentication (2FA), and encrypted SSL connections.
Recently, MaskEX launched several promotional campaigns aimed at enhancing its clients' profit potential. One such initiative is the "Purchase and Earn" campaign for P2P traders, where users who purchase USDT on MaskEX P2P with supported fiat currencies during the campaign period can participate in a $500 prize pool. Another campaign revolves around the MaskEX Virtual Card, where users who make purchases using the card during the promotional period stand a chance to share in a $1,000 prize pool. Both campaigns will run from April 1st to April 30th.
Pionex
Pionex.US stands out as the top choice for automated trading in the cryptocurrency sphere due to its integrated auto-trading bots, competitive fee structure, and user-friendly interface. Launched in 2019, the Singapore-based Pionex has gained significant traction online by offering an affordable fee schedule along with a suite of 16 built-in trading bots. The US counterpart, Pionex.US, provides spot trading and features 11 available bots, making it the most comprehensive automated solution for cryptocurrency trading.
The platform boasts a range of bots with diverse functionalities, such as purchasing at a dollar-cost average for a single sell-off, automatically creating and rebalancing an index, and implementing various strategies for buying low and selling high. Furthermore, Pionex.US maintains an attractive maker/taker fee structure for spot trades, similar to its global counterpart. Depending on the crypto pairing, fees range from 0.05% to 0% and apply to both manual and bot-assisted trades.
While the platform excels in offering manual and automated trading options, tutorial resources, and customer support, it does have some limitations. For example, it is unavailable in certain states across the US, lacks some key fiat withdrawal options, and has insufficient bot tutorials/explanations on the company website.
PrimeXBT
PrimeXBT is another promising cryptocurrency trading platform that offers a wide array of financial instruments and advanced trading tools to traders from over 150 countries. One of its standout features is its extensive product offering, which enables users to trade cryptocurrencies, forex, commodities, and stock indices, all from a single account.
Additionally, PrimeXBT offers a highly competitive fee structure and employs advanced trading technology to ensure a seamless experience for its clients. The platform supports leveraged trading, offering up to 100x leverage for cryptocurrencies and even higher leverage for other asset classes, enabling traders to capitalize on market opportunities with minimal initial capital. Additionally, the platform delivers an ultra-fast order execution rate (< 7.12 ms on average) and an industry-leading trade engine with real-time risk management. Lastly, all transactions taking place within the PrimeXBT ecosystem are secured using the Amazon AWS framework.
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.
7h ago • cryptodaily
U.S. and South Korea Seek Extradition of Do Kwon
The U.S. and South Korea are seeking the extradition of international crypto fugitive Do Kwon. Kwon, along with another suspect, was arrested last week in Montenegro.
The Montenegrin Justice minister Marko Kovac said on Wednesday that the United States and South Korea had requested the extradition of Do Kwon. Kwon is a South Korean national who stands accused on charges of multibillion-dollar fraud related to the collapse of the Terra ecosystem in May 2022.
The Terra co-founder was arrested in the Podgorica region of Montenegro last week. Minister Kovac said during a news conference that South Korea and the U.S. have officially requested Kwon and another suspect’s extradition.
Kovac added the two suspects were charged in Montenegro with forging documents after they attempted to board a flight to Dubai. Montenegrin authorities charged Kwon and the second suspect – identified as Hon Chang Joon, with forging official documents. Reuters reports Kwon and Joon were found in possession of doctored Costa Rican passports, a second set of Belgian passports, laptops, and other devices.
The Multiple Charges Against Do Kwon
South Korean authorities charged Kwon in September for violating its Capital Markets Acts and issued a warrant for his arrest. Following investigations by numerous law enforcement agencies and having charges filed against him, the International Criminal Police Organisation, or Interpol, issued a red notice for Kwon.
U.S. federal prosecutors indicted Kwon with two counts each of securities fraud, wire fraud, commodities fraud, and conspiracy hours after his arrest.
Who Will Get Custody of Kwon?
It is unclear who will get custody of Kwon, given that he faces criminal charges in several jurisdictions. Kovac explained that extradition proceedings would only commence after local courts have dealt with the charges against Kwon and Joon for their use of falsified documents. If Kwon and Joon are sentenced for the charges in Montenegro, they would have to serve this out before being extradited.
Since more than one country has requested extradition for Kwon, Kovac said the decision ultimately lies with the courts. He explained:
In the case when we receive several extradition requests, determining to which state they will be extradited is based on several factors like the severity of the committed criminal offense, the location and the time when the criminal offense has been committed, the order in which we have received the request for extradition and several other factors.
A local court in Podgorica placed Kwon and Joon in a 30-day pre-trial detention.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
9h ago • coindesk
Stuttgart Stock Exchange Unit Secures BaFin License for Crypto Custody
Among the institutions it expects to make use of the offering are banks, brokers, asset managers and family offices.
11h ago • cryptodaily
Binance Execs Accused of Concealing Exchange Ties to China
According to a report from the Financial Times (FT), Binance chief Changpeng "CZ" Zhao and other senior executives have been hiding the crypto exchange's connections to China for years, mired in a somewhat shady series of dealings with the country.
Despite Binance's claims of leaving China following the 2017 ban on cryptocurrencies, the Financial Times alleges that the exchange maintained significant ties to the country, including an office which was allegedly used until late 2019 and a Chinese bank utilized for employee payments.
This report lends a certain degree of credibility to the United States Commodity Futures Trading Commission's (CFTC) lawsuit filed against Binance on March 27, accusing the exchange of deliberately obscuring its executive offices' location and the entities operating the trading platform.
In response, Binance insists that it "does not operate in China nor do we have any technology, including servers or data, based in China," and that the Chinese government has no access to Binance data except through lawful law enforcement requests.
"It is unfortunate that anonymous sources are citing ancient history (in crypto terms) and dramatically mischaracterizing events. This is not an accurate picture of Binance’s operations," a spokesperson for the firm said.
The unfolding Binance controversy highlights the tension between the tacitly utopian vision of cryptocurrencies as a decentralized alternative to traditional financial systems and the current reality of powerful exchanges allegedly operating outside of the law.
These alleged links between Binance and the Chinese state further complicate the situation, revealing the intricate interplay between companies and authoritarian states, and the effect that these ties have in forming over a rapidly developing crypto landscape. The alleged concealment of Binance's ties to China can be seen as a reflection of the obfuscation and manipulation that is all too common among authoritarian entities, arguably contradicting the foundational principles of decentralization, autonomy, and freedom from coercive control that's key to the original vision of crypto.
In this instance, it is crucial for those keen to crypto's vision to address the role of the Chinese state, known for its authoritarian approach, within this context. China's heavy-handed tactics in regulating cryptocurrencies and its broader history of censorship and suppression raise concerns about the potential impact of such governance on the development and adoption of decentralized technologies. Why would Binance involved itself with such an entity? Is it purely for the sake of profit? Was Binance threatened or coerced in any way by the Chinese state? These remain as key questions on the matter as more details unfold with continuing investigations.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.
20h ago • coindesk
First Mover Asia: Bitcoin Rises Over $28.3K Despite Binance Legal Woes
ALSO: Shaurya Malwa writes that a little-known Ethereum community is rallying behind the Ethereum Goerli test network in the hope that it can help find a way to keep it going. Bitcoin, ether and other cryptos spike.
23h ago • coindesk
Stargate Members Discuss Plans for $2M Worth of Arbitrum Tokens on Community Call
The distribution of more 1.6 million ARB tokens will deepen the connection between Arbitrum and Stargate.
23h ago • cointelegraph
Optimism reigned at Paris Blockchain Week
Careful optimism was the theme at this year's Paris Blockchain Week. Builders will build and the crypto community will keep going.
1 day ago • nulltx
Here’s Why Everyone’s Talking About DigiToads (TOADS) And Hedera (HBAR)
DigiToads (TOADS) and Hedera (HBAR) have been making headlines in the world of cryptocurrency lately, with many investors and traders talking about the potential of these two projects. So what is it about these projects that have caught the attention of the crypto community? Let’s take a closer look. What Is DigiToads (TOADS)? DigiToads is […]
1 day ago • cryptodaily
Connect More, Earn More: WiFi Map Plans to Shake up Web3
The last few years have seen many companies make forays into the exciting new world of Web3, drawn to its vision of decentralization, distributed computing and permissionless architecture. The rise of retail investing and more widespread adoption now means that people can vote with their feet, helping startups and companies moving into new sectors to ‘crowdsource’ their capitalization. Web3 projects are therefore able to leverage memes and hype cycles to grab the attention of millions of people and become viable in a short space of time.
The rise of NFTs in 2021 marked a turning point for the space, with almost all digital-savvy people now aware of the technologies and how they work. By April 2022, it was revealed that 94% of Fortune 500 executives had either launched blockchain projects or were planning to. Even more striking, however, are the companies that have repositioned themselves in order to join the Web3 revolution, representing everything from food and beverages to the music industry.
One example of a company with a successful Web 2.0 model that is pivoting to Web3 is WiFiMap. Founded in 2014, the connectivity platform is based on a core idea of crowdsourcing public WiFi hotspots into a single, shared online database. It is one of the largest WiFi finder apps in the world and has been a highly successful Web 2.0 startup with a crowdsourced growth model.
In 2022, the founders announced the creation of $WIFI — a utility token that would be used to incentivize people to contribute to the growth of the platform. The idea is that these tokens can then be used to access premium services in the app, such as eSIM mobile data. According to co-founder and CTO Igor Goldenberg, “WiFi Map is not just about providing internet access, but also about creating a community of individuals who share a common goal of building a more connected world. Through their platform, users can connect with others and contribute to the growth of the network, all while earning cryptocurrency.”
One of the core features of the tokenized WiFi Map will be its connect-to-earn model. Users who add WiFi hotspots to the global map, check network credentials and run internet speed tests will receive tokens and, at the end of each month, $WIFI will be airdropped to the most active contributors.
Goldenberg is optimistic about the network effects that $WIFI will set in motion: “As the world becomes more interconnected, reliable and secure internet access is essential. WiFi Map provides a solution that not only meets these needs but also enables users to earn cryptocurrency by sharing their WiFi hotspots and running speed tests. This is a game-changer for those seeking new ways to earn passive income and participate in the Web3 ecosystem.”
Ultimately, the app is aiming to become the first genuine superapp in the emerging DeWi(decentralized wireless) space, supporting its public WiFi offering with VPN data protection, competitive eSIM mobile data packages and a full stack of lifestyle services. $WIFI is set for a March 30, 2023 launch on the TrustSwap Launchpad, in partnership with the leading Canadian DeFi platform.
With an existing community of 150 million users, and use cases set to go live immediately on the TGE date, $WIFI has the potential to shake up Web3. In fact, with a projected 4 million monthly users at launch, WiFi Map will become one of the biggest projects in the entire crypto space. Goldenberg added the following: “By leveraging the power of blockchain technology, WiFi Map is creating a decentralized network that puts control back in the hands of the people. This has the potential to disrupt the traditional model of internet service providers and bring about a new era of internet connectivity.”
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.
1 day ago • cryptopotato
Metadoro: Investors’ Fiddling While Rome Is Burning, Why Bitcoin Is Rising?
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About Uniswap?
The live price of Uniswap (UNI) today is 5.887 USD, and with the current circulating supply of Uniswap at 577,486,703 UNI, its market capitalization stands at 3,399,637,709 USD. In the last 24 hours UNI price has moved 0.1139 USD or 0.02% while 37,473,303 USD worth of UNI has been traded on various exchanges. The current valuation of UNI puts it at #20 in cryptocurrency rankings based on market capitalization.
Learn more about the Uniswap blockchain network and how it works or follow the price of its native cryptocurrency UNI and the broader market with our unique COIN360 cryptocurrency heatmap.
The Uniswap protocol is one of the most popular open-source, Decentralized Exchanges (DEX) in the crypto ecosystem. Unlike Coinbase and Binance, Uniswap allows users to buy and sell cryptocurrencies without having centralized control over the platform.
The project was created by Hayden Adams, a former mechanical engineer at Siemens with v1 of the protocol going live in November 2018. Subsequently, v2 was launched in May 2020 and v3 in May 2021, allowing direct swaps between any Ethereum ERC-20 tokens and introducing new options to allocate liquidity.
In September 2020 Uniswap created and awarded its own governance token, UNI, to past Uniswap users. The protocol airdropped 400 UNI tokens to any one who had used Uniswap even once until then, and additional tokens were awarded to users who had provided liquidity to the protocol. At the peak price of UNI, the Uniswap airdrop was worth over $17,000.
Over the years, Uniswap has become a cornerstone of the crypto trading space, accounting for the majority of the decentralized trading volume. Continued improvements to the protocol aim to lower gas fees, improve liquidity provision and enhance the user experience.
UNI price
According to our UNI live price chat, UNI price saw its first bull run in Q1 of 2021 when its price soared from $3.2 on Dec. 12, 2020 to around $48 by May. 5, 2021, marking a whopping gain of 1400%+, setting an all-time high in the process and putting the token's fully diluted valuation at $48 billion. However, this rally came to a halt as the broader crypto market crashed in May 2021, with coins like BTC and ETH witnessing a significant drop in price.
This bearish sentiment continued for the next couple of months with UNI dropping as low as $12 in May 2021, a drop of -72% from its all-time high in May, in just 18 days. Its competitor's Balancer (BAL) and Curve (CRV) witnessed similar outcomes as both followed in line with the market’s bearish sentiment.
Despite the considerable drop in price, Uniswap set in motion a new rally in Q3 of 2021 as the market sentiment turned bullish. The token climbed from $16 in June to $33 in September 2021, gaining over 100%. Nonetheless, the token failed to carry this momentum forward as the crypto market showed signs of volatility again, crashing in Q4 of 2021 and continuing to tailspin as it entered 2022.
In spite of failing to register any noteworthy pumps during the end of 2021, UNI cryptocurrency managed to close 2021 with a gain of just above 460%. UNI continues to be one of the more popular decentralized exchanges (DEX) trading tokens out there compared to PancakeSwap (CAKE) and SushiSwap (SUSHI).
How UNI works
Built on the Ethereum blockchain, the Uniswap platform uses smart contracts to facilitate the trading of digital assets like any basic exchange, but in a decentralized manner. Rather than using a central order book like traditional exchanges, Uniswap instead uses a collection of liquidity pools, where liquidity providers (LPs) contribute to the Uniswap pool by locking in two ERC-20 assets in a smart contract, for instance, DAI and ETH. Users can then trade directly against the assets in the pool by paying a fee that is distributed to all liquidity providers based on their contribution to the pool.
With high trading volumes, it is necessary for Uniswap to ensure that overall reserves in liquidity pools are in equilibrium. To keep an acceptable ratio in pools, prices are set automatically using the combination of smart contracts and the (x*y=k) market maker formula. Here x and y are the liquidity pool balances for each token, and k is the constant price.
Uniswap charges a small fee for each trade made on the network, increasing the total liquidity in a pool, while giving newly minted UNI tokens to liquidity providers, making the system ever so profitable for them. With each trade having a fee, this increases the liquidity in pools, resulting in users who make the same exact trade getting a moderately worse trade rate, keeping the system in balance.
It is worth noting that anyone can list a token on Uniswap, as long as there is a liquidity pool for traders and the listed token is on the Ethereum blockchain.
UNI news, updates, and highlights
In September 2020 Uniswap became the first decentralized exchange (DEX) to push past $1 billion in daily volume over a period of 24 hours, amid yield farming and vampire attacks. Uniswap V2 was ranked as the third-largest exchange on CoinGecko, behind Binance which had a trading volume of above $6 billion, and OKX with $1.10 billion in daily trades at that time, respectively. This sudden yield farming saw Uniswap emerge as the top decentralized finance (DeFi) protocol in the space.
The Uniswap community, in October 2020, voted on its second-ever governance proposal to distribute 5 million UNI tokens via airdrop to users who interacted with the decentralized exchange (DEX). Uniswap, one of the top DeFi platforms out there would issue 400 UNI tokens each, to 12,619 wallet addresses allocated to users of MyEtherWallet, Dharma, Nuo, Monolith, and many more, if the proposal went through. The proposal was put forward by Dharma, a Compound-based lending and savings protocol, claiming its users felt left out by the opening distribution.
Uniswap v3 was launched in May 2021, with rumors emerging of a DeFi rally as the protocol's total value locked (TVL), boomed from $13.7 million $8.5 billion at the time. Uniswap main emphasis for v3 was concentrated liquidity, flexible fees, and advanced oracles while promising new advanced features and options for yield generation.
On Sep. 3, 2021, The United States Securities and Exchange Commission (SEC) was reported to be investigating Uniswap according to The Wall Street Journal. The SEC had initiated an investigation into Uniswaps developer, Uniswap Labs, looking for information regarding the company's marketing and investor services. Since then, hype around the project has remained muted.
Frequently asked questions about UNI
Can you mine or stake UNI?
You cannot mine UNI since it is not a proof-of-work token, but you can stake UNI tokens into Uniswap’s liquidity pools to earn a passive income.
What are some of the best UNI wallets?
UNI is an ERC-20 token which means it can be stored on any Ethereum-supported wallet. Uniswap does not have its own wallets but you can use MetaMask, MyEtherWallet, and Atomic Wallet. However, if you are more interested in cold wallets then Ledger Nano S and Trezor One are fantastic options.
What can you do with UNI?
Users can use their UNI tokens to vote on governance proposals, stake their tokens in Uniswaps liquidity pools to earn a passive income or trade them against other cryptocurrencies like BTC and ETH.
How to buy UNI?
Uniswap (UNI) can be bought by exchanging your BTC, ETH, and USDT through exchanges like HitBTC and OKX or by using fiat currency with on-ramp services. You can also simply use Uniswap’s own protocol services to swap any ERC-20 tokens you might have for UNI and vice versa.
| Uniswap Price | 5.887 USD |
| Market Rank | #20 |
| Market Cap | 3,399,637,709 USD |
| 24h Volume | 40,928,086 USD |
| Circulating Supply | 577,486,703 UNI |
| Max Supply | 1,000,000,000 UNI |
| Yesterday's Market Cap | 2,801,498,729.78 USD |
| Yesterday's Open / Close | 5.8332 USD / 5.9471 USD |
| Yesterday's High / Low | 6.0279 USD / 5.8298 USD |
| Yesterday's Change | 0.02% ( 0.1139 USD ) |
| Yesterday's Volume | 37,473,303.35 USD |
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