Armando Morrison

Armando Morrison

I’m a sought-after speaker in the cryptocurrency niche. I have presented at major conferences around the world, including The World Economic Forum in Davos.In addition to my writing and speaking engagements, I’m also an active investor in the space. I’m a partner at Blockchain Capital, one of the leading venture firms focused on blockchain technology.

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Smart Contracts in Finance: A Game-Changer for Investment and Lending

Smart contracts have the potential to revolutionize the finance industry by increasing efficiency, reducing costs, and improving transparency and trust. In this article, we will explore how smart contracts can be used for investment and lending purposes, and the opportunities and challenges associated with their use. Introduction to Smart Contracts in Finance Self-executing contracts that can be programmed to automatically execute when certain conditions are met are known as Smart contracts. They use blockchain technology to enforce the terms of an agreement. Smart contracts can be used for a variety of financial purposes, including investment and lending. They can eliminate intermediaries, such as banks or brokers, and automate many financial processes, such as payment processing and settlement. Opportunities of Smart Contracts in Investment Decentralization and Transparency Smart contracts use blockchain technology, which provides decentralization and transparency. Blockchain is a tamper-proof, decentralized ledger that can be used to record and verify transactions. This means that smart contracts can be transparent, secure, and tamper-proof. It can also ensure that all parties have access to the same information, which can help reduce disputes and increase trust between parties. Automated Execution As we have seen above, Smart contracts can be programmed to execute automatically if some conditions are met. This means that investments can be completed much faster than traditional investment methods. Smart contracts are also more accurate than traditional investments, as they eliminate the potential for human error. Lower Fees Smart contracts can eliminate the need for intermediaries, such as banks or brokers, which can significantly reduce transaction costs. This can result in lower fees for investors, making investing more accessible to a wider range of people. Access to New Markets Smart contracts can help investors access new markets that were previously inaccessible. For example, investors can invest in international markets without the need for intermediaries or expensive currency exchanges. Opportunities of Smart Contracts in Lending Faster Processing Smart contracts can automate many lending processes, such as credit checks and payment processing. This can significantly reduce the time it takes to process a loan application, making lending more accessible to a wider range of people. Lower Fees Smart contracts can also reduce transaction costs associated with lending, such as fees charged by intermediaries like banks or credit agencies. Increased Security Smart contracts can help reduce the risk of fraud in lending. Smart contracts are transparent and tamper-proof, making it difficult for fraudsters to manipulate data or transactions. Challenges of Smart Contracts in Finance Technical Complexity Smart contracts are complex, and require a high level of technical expertise to develop and implement. This can be a barrier to entry for businesses and individuals who do not have the necessary technical skills. Legal Uncertainty Smart contracts are still a relatively new technology, and there is still some legal uncertainty surrounding them. There is a lack of clarity around how smart contracts fit into existing legal frameworks, such as contract law and property law. This can make it difficult for businesses and individuals to navigate the legal landscape surrounding smart contracts. Security Risks Smart contracts are vulnerable to hacking and other security risks. If a smart contract is hacked, it can lead to significant financial losses for all parties involved. This can be a major concern for businesses and individuals considering the use of smart contracts. Smart Contracts for Derivatives Smart contracts can also be used for derivatives, such as options and futures. Derivatives are financial instruments that are derived from an underlying asset, such as a stock or commodity. Smart contracts can automate the process of trading derivatives, including payment processing and settlement. This can help reduce the risk of fraud and errors in the trading process. Smart Contracts for Crowdfunding Smart contracts can be used for crowdfunding, which is a method of raising capital through small contributions from a large number of people. Smart contracts can automate the process of raising and distributing funds, including payment processing and distribution. This can significantly reduce the costs associated with crowdfunding and increase the speed and efficiency of the process. Smart Contracts for Insurance Smart contracts can also be used for insurance, such as peer-to-peer insurance. Peer-to-peer insurance is a type of insurance where individuals come together to insure each other, rather than relying on traditional insurance companies. Smart contracts can automate the process of creating and managing insurance policies, including payment processing and claims management. The Future of Smart Contracts in Finance The future of smart contracts in finance is promising. As the technology continues to evolve, it is expected that smart contracts will become more widely adopted in the finance industry, improving efficiency and reducing costs. However, there are still challenges to be addressed, such as legal uncertainty and security risks. It is important for businesses and individuals to stay up-to-date with the latest developments and to ensure that their use of smart contracts complies with relevant regulations and laws. Integration with Other Technologies Smart contracts can be integrated with other technologies, such as artificial intelligence (AI) and the Internet of Things (IoT). For example, smart contracts can be used to automate the process of transferring ownership of IoT devices, such as smart appliances. AI can be used to analyze data on smart contracts and identify patterns and trends, which can help investors make more informed decisions. Impact on Traditional Financial Institutions The adoption of smart contracts in the finance industry may also have an impact on traditional financial institutions, such as banks and brokers. Smart contracts can eliminate the need for intermediaries, such as banks or brokers, which can reduce their role in the financial system. However, it is also possible that traditional financial institutions will adapt to the changing landscape and incorporate smart contracts into their operations. Regulatory and Compliance Challenges Smart contracts can also pose regulatory and compliance challenges. For example, there may be concerns around data privacy and protection. Smart contracts may also be subject to existing legal frameworks, such as data protection laws and consumer protection laws. It is…

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Blockchain Applications in Finance: Revolutionizing the Industry

Blockchain technology has the potential to revolutionize the financial industry, offering increased security, transparency, and efficiency. In this article, we will explore the various applications of blockchain in finance, its benefits, and the challenges faced by its adoption. Understanding Blockchain in Finance Blockchain technology is a decentralized ledger system that enables secure and transparent transactions without the need for intermediaries. In the financial industry, blockchain can be used for various applications, including payments, settlements, identity verification, and asset management. Blockchain in finance can enable faster and more efficient transactions while reducing costs and increasing security. It can also enable greater transparency in financial transactions, making it easier to track and monitor financial activities. Applications of Blockchain in Finance Here are some of the most significant applications of blockchain in finance: Payments and Settlements Blockchain technology can be used for payments and settlements, enabling fast and secure transactions without the need for intermediaries. This can reduce costs and increase the speed of transactions, making it an attractive option for businesses and individuals looking to conduct financial transactions. Asset Management Blockchain technology can be used for asset management, enabling the secure and transparent tracking of assets such as stocks, bonds, and real estate. This can reduce the risk of fraud and increase the efficiency of asset management processes. Identity Verification Blockchain technology can be used for identity verification, enabling secure and tamper-proof identity verification. This can help prevent identity theft and fraud, making it a more secure option for financial transactions. Supply Chain Finance Blockchain technology can be used for supply chain finance, enabling the secure and transparent tracking of goods and services throughout the supply chain. This can reduce the risk of fraud and increase the efficiency of supply chain financing processes. Benefits of Blockchain in Finance Blockchain technology offers several benefits for the financial industry, including: Increased Security Blockchain technology offers increased security through cryptographic techniques and decentralization, making it more difficult for hackers to compromise the system. Greater Efficiency Blockchain technology can enable faster and more efficient transactions, reducing the need for intermediaries and decreasing the time and cost of transactions. Increased Transparency Blockchain technology enables greater transparency in financial transactions, making it easier to track and monitor financial activities. Challenges in Adopting Blockchain in Finance While blockchain technology offers several benefits, there are also challenges that need to be addressed for its successful adoption in the financial industry. Some of the challenges include: Regulatory Framework The financial industry is heavily regulated, and there are strict guidelines that need to be followed to ensure compliance with legal and ethical standards. The lack of a clear regulatory framework for blockchain in finance can hinder its adoption. Interoperability The lack of interoperability between different blockchain networks can hinder its adoption in the financial industry, as it can create barriers to the seamless transfer of assets between different networks. Scalability The scalability of blockchain technology is still an issue, with current blockchain networks only able to process a limited number of transactions per second. This can hinder its adoption in the financial industry, which requires high transaction volumes. Decentralized Finance (DeFi) Decentralized Finance, or DeFi, is an emerging field in the financial industry that utilizes blockchain technology to provide financial services without the need for intermediaries. DeFi applications include lending, borrowing, and trading cryptocurrencies, as well as decentralized exchanges and prediction markets. Central Bank Digital Currencies (CBDCs) Central Bank Digital Currencies, or CBDCs, are digital currencies issued by central banks that utilize blockchain technology. CBDCs can offer several benefits, including faster and more efficient payments and reduced costs associated with printing physical currency. However, there are also concerns regarding the impact of CBDCs on financial stability and privacy. Smart Contracts Self-executing contracts that are coded on the blockchain are known as Smart Contracts. They can automate various financial transactions, eliminating the need for intermediaries and reducing the time and cost of transactions. Smart contracts can be used for various applications, including insurance, derivatives, and trade finance. KYC/AML Compliance Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations require financial institutions to verify the identity of their customers and monitor their financial activities for suspicious transactions. Blockchain technology can enable more efficient and secure KYC/AML compliance through the use of decentralized identity management and secure data sharing. Insurance Blockchain technology can be used for various applications in the insurance industry, including claims management, fraud detection, and risk assessment. By utilizing blockchain technology, insurance companies can increase efficiency, reduce costs, and provide greater transparency to customers. Tokenization Tokenization involves the use of blockchain technology to create digital tokens that represent real-world assets, such as stocks, bonds, and real estate. By tokenizing assets, they can be traded and transferred more efficiently and securely, reducing the need for intermediaries and increasing transparency in financial transactions. Data Management Blockchain technology can be used for secure and efficient data management in the financial industry. By utilizing blockchain technology, financial institutions can securely store and share sensitive financial data, reducing the risk of data breaches and increasing efficiency in data management processes. International Remittances Blockchain technology can be used for international remittances, enabling faster and more efficient cross-border transactions. By utilizing blockchain technology, international remittances can be processed more quickly and at a lower cost, reducing the financial burden on individuals and businesses. Challenges in Adoption While blockchain technology offers significant benefits for the financial industry, there are also challenges that need to be addressed for its successful adoption. These include regulatory frameworks, interoperability, scalability, and the need for standardization in blockchain technology. Conclusion Blockchain technology is transforming the financial industry, enabling increased security, transparency, and efficiency in financial transactions. Its applications in finance, including DeFi, CBDCs, smart contracts, KYC/AML compliance, and insurance, offer significant benefits to the financial industry. While challenges such as regulatory frameworks, interoperability, and scalability need to be addressed for its successful adoption, the continued growth and evolution of blockchain technology offer promising opportunities for the future of finance.

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Web3 Explained: A Comprehensive Guide to the Decentralized Web

Web3 is the future of the internet. It’s a decentralized ecosystem built on blockchain technology that promises to create a more secure, transparent, and user-centric internet. In this article, we will explore what Web3 is, how it works, and its potential applications. What is Web3? The next generation of the internet is known as Web 3. It is also known as the decentralized web. It’s an ecosystem that’s built on decentralized technologies, such as blockchain, and aims to create a more transparent, secure, and user-centric internet. Web3 is a network of networks, comprising various decentralized protocols, platforms, and applications that operate independently of centralized control. This decentralization enables Web3 to provide users with greater privacy, security, and control over their digital assets and data. How Does Web3 Work? Web3 is built on decentralized technologies, such as blockchain, that enable peer-to-peer transactions and interactions without the need for intermediaries. These technologies enable Web3 to provide users with greater privacy, security, and control over their digital assets and data. In Web3, users interact with decentralized applications and services through web3-enabled browsers and wallets. These applications and services are built on decentralized protocols, such as Ethereum, that enable the creation and execution of smart contracts and decentralized applications. Applications of Web3 Web3 has numerous potential applications in various industries, including finance, healthcare, supply chain management, and more. Some examples of how Web3 can be used are as follows: 1. Decentralized Finance (DeFi) Decentralized finance (DeFi) is one of the most prominent use cases of Web3. DeFi enables users to access financial services, such as lending, borrowing, and trading, without the need for intermediaries. 2. Supply Chain Management Web3 can be used to create more transparent and efficient supply chain management systems by enabling greater visibility into the movement of goods and data. 3. Identity Management Web3 can be used to create more secure and decentralized identity management systems that provide users with greater control over their personal data. Challenges of Web3 Web3 is still in its early stages of development hence there are several challenges that need to be addressed before it reaches its full potential.Some of the challenges of Web3 include: 1. Scalability Scalability is a critical challenge for Web3, as the current infrastructure is not capable of supporting mass adoption. There is a need for more efficient and scalable blockchain protocols and technologies. 2. Usability Usability is another critical challenge for Web3, as the technology is still complex and difficult to use for the average user. There is a need for more user-friendly Web3 applications and interfaces. 3. Interoperability Interoperability is a critical challenge for Web3, as the various decentralized protocols and platforms are not always compatible with each other. There is a need for more interoperability between different Web3 protocols and platforms. The Future of Web3 The future of Web3 is bright, with new developments and innovations constantly emerging in the ecosystem. Here are some of the trends and innovations that we can expect in the coming years: 1. Greater Scalability Scalability is one of the biggest challenges facing Web3, as the current infrastructure is not capable of supporting mass adoption. However, there are numerous developments and innovations underway that aim to address this challenge, such as sharding, sidechains, and layer 2 solutions. 2. Increased Usability Usability is another critical factor in the success of Web3, as the technology is still complex and difficult to use for the average user. However, there are numerous efforts underway to improve the usability of Web3, such as user-friendly wallets, interfaces, and onboarding processes. 3. New Applications and Use Cases As Web3 continues to mature, we can expect to see the emergence of new applications and use cases that leverage the unique capabilities of the decentralized web. For example, Web3 can be used to create decentralized social networks, gaming platforms, and marketplaces. 4. Greater Interoperability Interoperability is a critical factor in the success of Web3, as it enables different protocols and platforms to communicate and exchange data with each other. We can expect to see more efforts to improve interoperability between different Web3 protocols and platforms, such as the development of cross-chain bridges and interoperability standards. The Importance of Web3 Web3 represents a fundamental shift in the way we think about the internet and the way we interact with each other and the world around us. Here are some of the reasons why Web3 is important: 1. Decentralization Decentralization is one of the key features of Web3, and it’s essential for creating a more secure, transparent, and democratic internet. Decentralization enables greater control and ownership of data and digital assets, reducing the power of centralized entities and creating a more level playing field for everyone. 2. User-Centricity Web3 is designed with users in mind, prioritizing their privacy, security, and control over their digital assets and data. This user-centric approach is essential for creating a more inclusive and equitable internet, where everyone has access to the same opportunities and resources. 3. Innovation Web3 is a hotbed of innovation, with new protocols, platforms, and applications emerging all the time. This innovation is essential for driving progress and creating new solutions to the world’s most pressing problems. 4. Disruption Web3 has the potential to disrupt many industries and sectors, including finance, healthcare, supply chain management, and more. This disruption can lead to greater efficiency, transparency, and accountability, creating a more equitable and sustainable world. The Role of Developers in Web3 Developers play a critical role in the Web3 ecosystem, building the applications and platforms that power the decentralized web. Here are some of the skills and tools that developers need to thrive in the Web3 space: 1. Blockchain Development Blockchain development is a key skill for Web3 developers, as many of the protocols and platforms in the ecosystem are built on blockchain technology. 2. Smart Contract Development Smart contract development is another critical skill for Web3 developers, as smart contracts are essential for creating decentralized applications and services. 3. Web3 Development Tools Web3 development tools, such…

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How to Buy Bitcoin: A Beginner’s Guide

Bitcoin has become a buzzword in the world of finance, and for good reason. As the first and most popular cryptocurrency, Bitcoin offers a decentralized, secure, and fast way to transact value without the need for intermediaries such as banks. If you’re looking to get in on the action, you may be wondering how to buy Bitcoin. In this beginner’s guide, we’ll take you through the steps of buying Bitcoin and explain some important concepts along the way. Introduction Bitcoin has gained massive popularity in recent years, with many people investing in it as a store of value or as a means of payment. Buying Bitcoin can seem daunting at first, but it’s actually a straightforward process that can be completed in just a few steps. In this guide, we’ll take you through everything you need to know to buy Bitcoin with ease. What is Bitcoin? Bitcoin is a digital currency created in 2009 by an unknown person or group using the false name Satoshi Nakamoto. Bitcoin uses a decentralized system, which means that transactions are processed on a network of computers rather than by a single entity like a bank. Bitcoin transactions are recorded on a public ledger called the blockchain, which makes it extremely difficult for anyone to manipulate the system or counterfeit Bitcoin. Why buy Bitcoin? There are many reasons for you to buy Bitcoin. For starters, Bitcoin has been a great investment for those who got in early. Bitcoin’s value has increased by more than 200% in the past year alone, and many experts believe that it still has a lot of room to grow. Another reason to buy Bitcoin is that it offers a decentralized and secure way to transact value. Bitcoin transactions are fast, cheap, and can be completed without the need for intermediaries like banks. This makes it an attractive option for those who want to move money across borders or who want to avoid the fees associated with traditional banking. Setting up a Bitcoin wallet Before you can buy Bitcoin, you’ll need to set up a Bitcoin wallet. A Bitcoin wallet is a digital wallet that lets you store, send, and receive Bitcoin. There are many different types of Bitcoin wallets, including hardware wallets, software wallets, and paper wallets. Software wallets are the most common type of Bitcoin wallet and are available for download on your computer or mobile device. Some popular software wallets include Electrum, Mycelium, and Exodus. Hardware wallets are physical devices that allow you to store your Bitcoin offline. Examples of hardware wallets include Ledger and Trezor. Paper wallets are simply a piece of paper with your private key written on it. While paper wallets are the most secure type of wallet, they can be difficult to use and are not recommended for beginners. Choosing a Bitcoin exchange Once you’ve set up a Bitcoin wallet, the next step is to choose a Bitcoin exchange. A Bitcoin exchange is a marketplace that allows you to buy and sell Bitcoin. There are many different Bitcoin exchanges to choose from, each with its own advantages and disadvantages. Some popular Bitcoin exchanges are Binance, Coinbase, and Kraken. When choosing a Bitcoin exchange, it’s important to consider factors such as security, fees, and user experience. Verifying Your Identity Before you can buy Bitcoin on most exchanges, you’ll need to verify your identity. This is a necessary step for anti-money laundering (AML) and know-your-customer (KYC) regulations. The verification process can vary depending on the exchange, but it typically involves providing personal information such as your name, address, and government-issued ID. Some exchanges may also require additional documentation, such as a utility bill or bank statement, to verify your address. The verification process can take anywhere from a few minutes to several days, so it’s important to start the process early if you plan on buying Bitcoin soon. Funding Your Account Once you’ve verified your identity, the next step is to fund your account. Most Bitcoin exchanges allow you to fund your account using a variety of methods, including bank transfers, credit or debit cards, and even other cryptocurrencies. Bank transfers are typically the cheapest and most popular way to fund your account, but they can take several days to process. Credit or debit cards are a faster option but may come with higher fees. Some exchanges may also allow you to buy Bitcoin with cash through a peer-to-peer marketplace. Placing a Buy Order Once your account is funded, you can place a buy order for Bitcoin. This is typically done through the exchange’s trading platform, which allows you to specify how much Bitcoin you want to buy and at what price. If you’re new to trading, it’s important to understand the difference between market and limit orders. A market order will buy Bitcoin at the current market price, while a limit order will only buy Bitcoin if the price falls to a certain level. It’s also important to consider the fees associated with buying Bitcoin, which can vary depending on the exchange and the payment method used. Storing Your Bitcoin Once you’ve bought Bitcoin, it’s important to store it in a secure location. This is where your Bitcoin wallet comes in. You can store your Bitcoin in your software, hardware, or paper wallet, depending on your preference. It’s important to note that Bitcoin transactions are irreversible, which means that if you lose your private key or your wallet is hacked, your Bitcoin is gone for good. This is why it’s crucial to take steps to secure your Bitcoin, such as using a strong password, enabling two-factor authentication, and keeping your private key offline. Understanding Bitcoin Fees When buying Bitcoin, it’s important to consider the fees associated with the transaction. Bitcoin fees can vary depending on factors such as network congestion and transaction size. In general, fees are higher during times of high network activity and can range from a few cents to several dollars per transaction. It’s also important to consider the fees associated…

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Metaverse Conference Gets Attention: GIC advisor’s first participation

The advisor of GIC tech investment Lau Eng Boon participated in a collab AMA meeting at 12:30 pm UTC in November 9th that attracted plenty of financial and blockchain investors’ attention. He had an in-depth discussion with a group of industry elites, including Binance Fan Token, about the impact of WEB3 and other topics. All the guests agreed that WEB3’s unique potential will make it the future of finance and business. Mr. Lau explained in depth the latest regulations introduced by the Singapore government for the WEB3 industry and gave some informative advice for investors. Lau believes that the recent influx of capital and WEB3 companies into Singapore has added many opportunities and challenges, and the government’s introduction of regulations for this purpose is undoubtedly a positive sign of commitment to making Singapore a world center for digital industries. Apart from the two experts from GIC and Binance Fan Token, guests representing the rest of the quality WEB3 projects also added many highlights to the AMA. Among them, the guests from Koyé, Komio, and NFTSTAR’s introduction of their projects’ new features were also impressive. It is worth mentioning that the conference brought a lot of exposure to the organizer Koyé thus the release of its Mini Koyé NFT increased by more than 200% within 48 hours. As a web3 undersea adventure game from France, Koyé has won the favor of many investors with its stunning next-generation game quality, complete development schedule, and ambitious strategy. It rose to second place in Opensea’s trending list worldwide. And Koyé team has revealed that 80% of the game’s royalties will be used to buy back the Mini Koyé NFT series, which undoubtedly gives Koyé a great possibility to become a new generation of web3 players to create wealth myths.

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After The Ether Merger, a16z’s Decisive Strike Raises Industry Concerns

a16z, known as the “Rolls Royce” of the venture capital industry, has launched a pledge mining pool of Ethereum for crypto investors after the official merger (The Merge), offering millions of dollars in rewards to ensure higher returns than the hash rate. This node invitation for high returns in the market undoubtedly reveals that a16z has a favorable attitude towards the merged Ethereum. Welcome to contact a16z official customer service: Whatsapp: +852 69975935; Telegram: @a16z6;  Line: a16z-2 The wheel of history never stops, and an event that will set the future landscape of the block chain field is staged on September 15, 2022. On this day, the 8-year-old Ethereum will complete its merger (The Merge). 420,000 people will participate in the verification, more than 7,000 active nodes around the world will collaborate together, and tens of thousands of block chain teams will make their choices. This system upgrade has shaken the attention of all crypto practitioners, and major mainstream financial regulators, semiconductor magnates, and domestic and foreign Internet magnates are all focusing on this event. The uproar is inevitable, because as the world’s largest decentralized Internet platform and the most innovative block chain and Web3 ecosystem, the Ethereum merger is arguably the most complex system upgrade since its inception and is of great significance. Of course, this upgrade is not a spur of the moment, as Vitalik Buterin, the founder of Ethereum, has publicly stated: he has been preparing for this merger for six years. The merger of Ethereum means a complete upgrade of this giant decentralized system with a market value of $200 billion, which now has more than 3,000 developers and millions of users, and whose ecology runs more than 400 DeFi (decentralized finance) projects, 130,000 NFT contracts and more than 7,500 active nodes, which will witness and participate in this upgrade together. In the past two years, ethereum has been running two parallel networks underneath, one is the PoW (proof of work) block chain, which was initially available, and the other is the PoS (proof of stake) block chain which has been running only in the past two years, both of which have corresponding interest groups standing behind them respectively. And the purpose of the Ethereum merger is that it will officially run PoS fully and replace PoW completely without any downtime. This upgrade is a true demonstration of determination to realize the vision of Ethereum, that is, higher scalability, security and sustainability, and the investors around the world will also witness a $100 billion capital reshuffle and redistribution of interests. The capital magnates in the field have come out, among which the most decisive execution is undoubtedly a16z, full name Andreessen Horowitz, since the last name of the two founders, founded by Marc Andreessen and Ben Horowitz in 2009, managing a total of $19.2 billion in funds, with a keen sense of smell and decisive execution style, the company is rapidly expanding its investment landscape. As an old capital magnate in the crypto field, a16z has invested in many famous internet companies including Skype, Facebook, Twitter, Instagram, Groupon, Zynga, Foursquare, etc. during the Web2 period. In recent years, a16z has become the “top star in the crypto field.” In 2013, a16z led a $25 million Series B round in cryptocurrency exchange Coinbase and has since invested in Coinbase seven times. a16z became the biggest external winner when Coinbase’s market cap topped $100 billion when it went public in 2021. It can be said that a16z investment strategy is both early and growth stage projects, the company was able to invest in Instagram in the seed round, grab Github in the Series A competition, and lead a $150 million investment in Roblox in the Series G round. This time, a16z launched a pledged mining pool of Ethereum for investors in the crypto field and offered millions of dollars in rewards to ensure higher revenue than the hash rate and add additional subsidies (subsidized revenue can reach more than 20%). This is a display of a16z’s favorable attitude towards the Ethereum merger, and a great opportunity for crypto investors to jointly become PoS nodes after the Ethereum merger. Ethereum’s determination to break all doubts from the outside world and decisively execute the merger is invaluable, as Andreessen, one of the founders of a16z said: “A distinguished career is always different.” Media contact Contact:Jessica Company Name:A16z Address: United States  Website: https://www.eth20.cc Email:a16z.service@gmail.com

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Bowled.Io To Build A Multilateral Community In Partnership With Prominent Web3 Ecosystem Players

Gaming is the fastest-growing entertainment industry in India. The number of online gamers in India has nearly doubled to 510 million from 269 million in 2018. With the emergence of new gaming genres, Web3 games have seen an interesting bearing. Marching in the limelight of Web3 games, Bowled.io, a Singapore-based social gaming company aims to create an ecosystem of hyper casual to mid strategy games. Bowled.io’s mission is to create an exciting and rewarding experience for gamers and sports fans, giving them a voice and reason to celebrate. Bringing the vision to life, Bowled.io has extended strategic partnerships with prominent ecosystem players such as IndiGG, Glip, Metanomy, BlueLearn, while multiple others are in the pipeline. “These strategic ecosystem partnerships will enable us to reach and engage with a significantly relevant audience and build Bowled.io’s brand among this TG”, said Rahul Singh, Co-founder of Bowled.io. “Our aim is to work together with our partners and create a meaningful and enjoyable experience for our combined user base and push the boundaries on web3 adoption in India and beyond.”, he further added. Even though Web3 and metaverse technologies have not reached their full potential yet, many sectors have started exploring their use case to boost innovation, involvement and engagement with new technologies. Moreover, with communities becoming a big part of today’s marketing era, Bowled.io is seizing the day by anticipating the next move and understanding how the future promises an ‘immersive commerce’ for all. Bowled.io’s ecosystem partnerships are a step forward towards the advancement of Web3. Glip’s gamer tools app with crypto wallet allows gamers to record and stream their gameplay on social media, enabling over 5M gamers to experience exclusive Bowled.io content, rewards, and early access to new releases. Metanomy and IndiGG, two of the biggest gaming guilds, creating a vibrant gamer community space with Bowled.io, are not only a channel partner but also a strategic investor. Bowled.io is also the Web3 knowledge partner for BlueLearn, educating the next generation of students on various aspects of blockchain gaming thereby not only expanding its own footprint, but also preparing the next set of Web3 builders. The Bowled.io app recently crossed 20K installs within two weeks of its closed test release, thanks to their community of alpha testers. The highly anticipated public beta release is slated for the end of October 2022. This release will have features like a wallet where users can hold their digital assets, a marketplace to buy and trade the assets, user profile and leaderboard, along with improved versions of the current games. Large scale adoption of Web3 gaming is inevitable. The future of Web3 games looks bright especially with companies like Bowled.io, that are invested in creating a better and immersive experience for gamers. Even though Web3 is not here to dethrone Web2 anytime soon, it creates infinite possibilities to develop an ideal ecosystem for experimentation, automation and co-creation – paving the path for a new and improved experience for all! Website: https://bowled.io/ Contact Person: Rahul Singh Contact email: Hello@bowled.io Country: Singapore Telegram: https://t.me/dfxcricverse Twitter: https://twitter.com/Bowleddotio Instagram: https://www.instagram.com/bowled.io/ Medium: https://medium.com/@dfx_club Discord: https://discord.com/invite/tcSrDWQTyj

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Paxo Finance White Listing for Alpha Mainnet is Now Open

DUBAI, UAE / ACCESSWIRE / September 30, 2022 / Paxo Finance, a decentralized money market seeking to open up cryptocurrency investment, allowing users to access up to 5X of their capital, is whitelisting users ahead of their launch on the Polygon mainnet. The alpha version of the mainnet will be open to select few who register for whitelisting on the paxo website. The users that register for the whitelist and are selected will be the OGs of paxo and will be involved in building and improving paxo. Early users will have a say in new features development, adding new coins, governance, partnerships, security discussions etc. Currently the alpha mainnet version will only be available to a selected few. The users will only be able to invest upto $5000 usd worth at a given time. Alpha mainnet will have only a limited number of assets which lenders and borrowers can interact with. The assets available will be BTC, ETH and Matic. The critical milestone follows the official conclusion of the incentivized Testnet on Polygon, which saw over 19,000 users participate and over 500,000 transactions processed on the testnet. By whitelisting crypto addresses before deploying on Polygon, Paxo Finance is setting a solid base ensuring that only authorized users can access the protocol. This step is also a security step to deter malicious attacks and protect the first cohort of users trying the system on the mainnet. The Paxo Finance Incentivized Testnet on Polygon was free for all interested persons and parties. It opened its doors from May 27, 2022, to June 26, 2022, and ran for 30 days. There were 200,000 PAXO, the native token of the Paxo Finance protocol, for distribution to active participants. It was in addition to a Referral program that ran in parallel, where the platform distributed up to 3000 USDT in PAXO to winners. Participants were required to subscribe to any of our social media channels to register. Afterward, they would receive 50 test USDC. Typical of a testnet, the objective of the 30-day program was to draw as many people to the protocol, allowing them to thoroughly test every core component of the platform before submitting valuable feedback. Their feedback was used to refine the platform, allowing Paxo Finance to deliver precisely what its global pool of active users and investors are desirous of: changing the crypto investment landscape through a protocol where users can borrow with a 5X leverage and invest in top-tier crypto assets. 6,000 feedback were received from 19,600 active participants, mainly from Indonesia, East Europe, and the U.S, who experimented on all lending, borrowing, and trading components of the protocol. From the testnet, the platform allowed participants to get paid as they trial the dApp, learning how they can easily invest in crypto via an undercollateralized protocol guided by secure smart contracts. Additionally, by opting to launch on Polygon, all users, including liquidity providers whom Paxo Finance will now allow to earn passive income, would not have to pay huge on-chain transaction fees because of the network’s high throughput. Polygon was tactically selected as the testing protocol. The same chain is now being used to anchor Paxo Finance as the protocol goes live on the mainnet. PAXO Finance is building a revolutionary product allowing users to invest MORE with LESS capital regardless of prevailing crypto market conditions. Learn more about PAXO Finance from our white paper here. For more information about PAXO Finance, visit us on: Website: https://paxo.finance/Twitter: https://twitter.com/paxofinanceMedium: https://medium.com/@paxofinanceTelegram: https://t.me/paxofinanceDiscord: https://discord.gg/a9MQpH7SMr SOURCE: Paxo Finance View source version on accesswire.com:https://www.accesswire.com/718284/Paxo-Finance-White-Listing-for-Alpha-Mainnet-is-Now-Open

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OKX Lite is here to make trading and earning on crypto easier than ever before

VICTORIA, Seychelles, Sept. 23, 2022 (GLOBE NEWSWIRE) — OKX, the world’s second largest cryptocurrency exchange, today announced the launch of OKX Lite, a simplified version of its trading app that makes it easy for users to buy, sell, swap and put their crypto to work. With a more streamlined look and feel than the version aimed at experienced traders, OKX Lite aims to meet the expectations of HODLers and those new to trading by offering streamlined access to the features that matter most. These include: Buying, selling and swapping with just a few taps Making on and off-chain transfers (sending and receiving) Staking crypto to earn on assets The ability to monitor market movements while on the go Access to the $10,000 Mystery Box referral program The launch of OKX Lite comes in the immediate wake of the company launching its first global brand campaign, entitled “What is OKX?”. The launch of the campaign signaled the exchange announcing itself to the world, while OKX’s partnerships with prominent sports and entertainment institutions like Manchester City FC, McLaren Formula 1 and the Tribeca Festival have introduced both OKX and the world of crypto trading to a whole new audience. OKX Lite affords these users a safer and simpler entry into the world of crypto trading, helping them avoid getting out of their depth as they enter the space. With its launch of OKX Lite, OKX is also furthering its commitment to promoting responsible trading, broadening access to crypto and removing barriers to financial freedom. As users of OKX Lite gradually develop their crypto trading expertise, the OKX app will allow them to grow in the way they interact with it, eventually allowing them to utilize it like an experienced crypto trader. Haider Rafique, Global Chief Marketing Officer, OKX, said: “OKX Lite is our way to give traders and investors the easiest and most enjoyable way to plan, build and manage a crypto portfolio. When you look at our new UI, it may remind you of your traditional brokerage app, with upgrades that really enhance the day-to-day crypto experience. The ability to transition smoothly between Lite, Pro, and Wallet mode is designed very intentionally. We hope our customers not only enjoy the sleek new UI, but that this upgrade helps them smoothly transition between these three modes, which have been introduced very deliberately.” Those who join OKX now can also invite their friends to win Mystery Boxes worth up to $10,000. Find out more about OKX Lite here. Ready to go Lite? Get started here. For further information, please contact:Media@okx.com About OKXOKX is the second biggest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 20 million global customers, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere. As a top partner of English Premier League champions Manchester City F.C., McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3. Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens. To learn more about OKX, download our app or visit: okx.com

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Polygame: Our Future

Who We Are Polygame is the world’s first decentralized platform utilizing smart contract technology to equip eSports players and teams with tools to enhance live streaming. The first blockchain-based platform to present any gamer or streamer with new opportunities to connect and earn from content production. The platform offers users unique and original opportunities to earn from both streaming and watching. Game enthusiasts can not only play the games they adore on a single global platform, but they can also earn by doing so in the process. Early adopters have touted our attractive, transparent revenue-sharing model matched with our industry-leading streaming service and content delivery network, which offer seamless, stable, and low latency gaming content to millions of viewers. Polygame is the only platform embracing the reality of modern-day gaming: technology has changed how we find content creators, and, as such, we are providing the gaming community innovative ways to own and earn.  Opportunities  eSports is a fast-growing industry. Nowadays, eSports is as legitimate as any other in-real-life sporting event, and is growing in popularity every day. eSports competitions and game streams are viewed in over 180 countries. The global eSports market generated nearly $1 billion of revenue in 2020 and is expected to generate $4.75 billion annually by 2030. In recent years, we have seen eSports prizes continuously increase, with several competitions becoming highly lucrative; this intrinsically entices even more global interest. The total valuation of eSports collectibles is currently estimated to be more than $7.5 billion! A recent survey by eSportsinsider shows that 63% of gamers would increase their spending on eSports assets if these assets had more real-world value. Polygame has solutions to supply the liquidity to make this real for many of them. Watch-to-Earn PGEM Polygame has changed the landscape for all gamers worldwide by introducing an exceptional “watch-to-earn” system. Viewers will be able to purchase fan tokens, which is analogous to an investment in the creator’s future. This exclusive watch-to-earn method lets viewers watch their favorite content creator and earn PGEM in the process. The PGEM token powers the ecosystem and powers the community, creating a new digital currency positioned to make enormous waves in the morphing landscape of cryptocurrencies.  PGEM tokens can be utilized within the ecosystem as a currency or exchanged securely and transparently in the open market. Content creators can mint NFTs of key gameplay moments and sell them to their fans and collectors, similar to trading cards. Inspiration The concept behind Polygame is that revenue generated from streaming games and minting associated NFTs will eventually surpass yields seen in the real world. As a result, game developers, streamers, and gamers will all profit from our well-thought-out ecosystem. Polygame’s thriving local eSports and content delivery ecosystem will transform the gaming industry permanently.  We grant streamers and viewers the opportunity to interact decentrally with each other and earn. The platform also provides an opportunity for streamers to create unique experiences for their target audience and generate revenue without the constraints or impediments imposed by legacy streaming companies.  Support Polygame To support Polygame and further explore our community, please visit us at:  https://t.me/Polygamers https://www.reddit.com/r/Polygame https://polygame.io/

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Hodler’s Digest, May 30–June 5

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This Week “Largest Bitcoin event in history” kicks off in MiamiSun, sea and satoshis were on the agenda as the biggest Bitcoin event in history kicked off in Florida.Organizers were expecting a huge turnout for the sold-out event, with some predicting there would be more than 50,000 attendees.Day one saw MicroStrategy CEO Michael Saylor reveal more about his experience in the crypto space so far. He said: “I realized that I first bought Bitcoin one year ago yesterday, and so this is the end of my rookie year.”Twitter and Square CEO Jack Dorsey also declared that “Bitcoin changes absolutely everything.” He told the conference: “We don’t need the financial institutions that we have today” — and for money to be created for the world, it has to be developed internationally.One particularly eye-opening on-stage discussion came from Brian Brooks, a former regulator turned CEO of Binance.US. He said: “If you’ve never worked in a big bank, you have no idea how bad the problem is.” It’s Mati Greenspan versus the Maxis at “Shitshow” 2021For many, Bitcoin 2021 in Miami is the first physical event for many since the coronavirus pandemic began, enabling celebrities, cryptographers and CEOs to rub shoulders. Alas, you can’t please all the people, all the time.Quantum Economics founder Mati Greenspan had tweeted an innocuous comment about how Bitcoin 2021 was set to be the “Biggest crypto conference ever!”But he was quickly set straight by the likes of Bitcoin Magazine editor Pete Rizzo, who said: “It’s a Bitcoin conference, about Bitcoin. Bitcoin is the subject and hence why it’s used as an adjective.”To be fair, organizers were crystal clear that it is a Bitcoin-only event, meaning no altcoins are allowed.But as DeFi Pulse’s founder Scott Lewis pondered…is it really possible to go for two days without talking about Ethereum?  “Discounted” Bitcoin more likely to hit $100,000 than $20,000 in 2021, says Bloomberg analystAlthough the party is in full swing in Florida, the fact that Bitcoin has been struggling to break $40,000 will undoubtedly have put a dampener on proceedings.That said, Bloomberg Intelligence’s Mike McGlone says there are still plenty of reasons to be bullish.In his latest Bloomberg Galaxy Crypto Index report, he said BTC is “stronger, greener and less extended” than during the height of the rally in April.He also maintained that Bitcoin’s bull market appears to be intact, with a $100,000 price target more likely than a retrace to $20,000.Alas, not everyone agrees with McGlone’s prognosis following the worst May for Bitcoin’s price in 10 years, with JPMorgan strategist Nikolaos Panigirtzoglou writing in a research note that weakened institutional demand could drag BTC below $30,000. Feast or famine on Dogecoin as Coinbase pump triggers whales’ returnDogecoin — likened by some to “digital plastic” this week — has enjoyed quite a surge of late. The joke cryptocurrency’s price climbed 40% in a single day, driven by Coinbase announcing it would open its door to DOGE deposits on June 1.DOGE’s surge shook out more than $16 million worth of bearish leverage in a single hour, with the altcoin almost returning to a pre-crash high.One analyst, @HsakaTrades, declared that a “bored market” was gravitating to DOGE and rotating out of other altcoins. NFT sales down 90% since market peakWe’ve all become painfully familiar with the endless declarations surrounding the death of Bitcoin. Now, with the sale of nonfungible tokens sinking 90% since they peaked in early May, some are sounding the death knell for NFTs.After $102 million worth of NFTs were sold in a single day on May 3, just $19 million worth were sold in the past week. Over $170 million worth of NFTs were sold in the seven-day window on either side of the market top, equating to a near 90% decline since then.The number of NFT wallets showing any signs of activity on a daily basis is also down 70% since early May, after falling from 12,000 to 3,900. NFT sales and wallet movements were down across the entire range of token categories, spanning gaming, decentralized finance, collectibles, art, utility, metaverses and sports. Winners and Losers At the end of the week, Bitcoin is at $37,733.41, Ether at $2,787.12 and XRP at $0.99. The total market cap is at $1,710,804,430,870.Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Theta Fuel, Curve DAO Token and Siacoin. The top three altcoin losers of the week are UNUS SED LEO, Decred and Nano.For more info on crypto prices, make sure to read Cointelegraph’s market analysis.   Most Memorable Quotations “Who forgot to invite Elon to the #Bitcoin conference?”David Gokhshtein, Gokhshtein Media founder “Bitcoin is more likely to resume appreciating toward $100,000 resistance rather than sustaining below $20,000.”Bloomberg Intelligence “Right now, if you buy and sell gold, you get it taxed, they can do that. If you make a profit in Bitcoin, you read stories about people being taxed on it. You can’t tax money, you don’t tax it.”Ron Paul, former presidential candidate “Digital currencies are not substitutes for gold. If anything, they would be a substitute for copper, they are pro-risk, risk-on assets. They are a substitute for risk-on inflation hedges, not risk-off inflation hedges.”Jeff Currie, Goldman Sachs global head of commodities research “When something gets big enough, things like consumer interests and money laundering come into play. So there’s good reason to believe that [regulation] will happen.”Stefan Ingves, Sveriges Riksbank governorPrediction of the WeekBitcoin bulls give “conservative” 10-year estimate for hyperbitcoinization to hit Back to Miami now, where an eye-opening panel suggested that we may just be 10 years away from “hyperbitcoinization” — marking the moment BTC takes over global finance.Make no mistake, this would be no easy feat. It would involve billions of new users being onboarded by 2031. Then again, Bitcoin has already attracted hundreds of millions of users over the past 10 years.Unchained Capital’s Parker…

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We tracked down the original Bitcoin Lambo guy – Cointelegraph Magazine

Jay is the Bitcoin OG who created a meme by buying a Lamborghini with the cryptocurrency. He went from a poverty-level existence to enjoying a well-off lifestyle in a gated community thanks to mining Bitcoin in the early days — but not without having to worry for his family’s safety.As BTC first broke the $1,000 milestone in December 2013, former Chair of the U.S. Federal Reserve Alan Greenspan suggested that Bitcoin could not actually be used to buy anything of value.That’s when Jay (not his real name), then in his early 30s, and with the help of his wife who is also a Bitcoiner, used almost 217 BTC to purchase what is believed to be the original Bitcoin Lamborghini at the Lamborghini Newport Beach dealership. He then provided the evidence on the anonymous imageboard 4chan.This proved that Bitcoin had real value — who would accept fake money for a Lamborghini? A meme was born that launched a million other memes.“It’s kind of overwhelming as an individual — I created a meme.”An archetypal Bitcoin OG, Jay got his start around 2010. Despite being broke and supporting a family on very low earnings in Southeast Asia, he ended up setting up 20 GPUs, resulting in electricity costs that were six times his rent.  Buying a Lambo with Bitcoin in 2013. “I was really poor — I made like $8,500 per year while supporting a family, and babies cost money. I had businesses and savings before, but going to university and starting a family got me damn close to $0,” he recalls, bewildered.“It’s amazingly hard to HODL bitcoin when you eat pasta every day and make fuck-all, and spend what you do have on computers and miners. But I had that faith, I knew this was world changing.”   Today, Jay lives in a gated community within a small city of under 100,000 in Southeast Asia with his wife, three children, and three dogs — one of them a professionally trained and imposing guard dog whom I had no doubt was ready to rip my face off on command when I visited.His home actually consists of two houses on two streets, discreetly connected in the middle, creating an understated facade. Whereas the front garage contains “normal” luxury vehicles, the back holds none other than Bitcoin Lamborghini 2.0.“Sadly because I was so close to $0 and had kids, I had to sell so much BTC so early because I wanted some safety net. I could add at least one zero to my net worth if I had no family — but it’s a paradox because family is why I do it.”The Bitcoin Lambo in Texas at a CryptoWomen meetup in 2014. Supplied. Wealth worriesJay’s fortune is crowned by a loaded 1,000 BTC Casascius “physical Bitcoin” gold coin of which only a few exist. It is, in fact, the most valuable coin in the world, with a face value of approximately $60 million dollars and a collector premium of many millions more.This is how we came to meet, as I act as a broker of such rarities and wrote the Encyclopedia of Physical Bitcoins and Crypto-Currencies. For Jay, owning such coins can, however, prove stressful “if someone connects me to holding tens of millions of dollars in what are effectively bearer bonds.” Such coins hold the private key to the stated amount of Bitcoins under a tamper-proof label, making them comparable to bearer bonds, gold or cash.Such privilege is “difficult to deal with” on the family front, Jay says. Living in a country with a huge wealth disparity, he explains that money can be metaphorically used to build either a bigger wall to separate himself from the masses, or a bigger table in order to bring them to his side. “Honestly, I have to do both, but I want to build a bigger table,” he says. He feels that he faces very real threats, including the kidnapping of family members by international criminals.“I had issues with some Russian oligarchs in the past, but I don’t think I’m a target now.” A loaded 1,000 BTC Casascius coin, which Jay bought for $5,000Still, it’s hard to put worry or paranoia aside — states of mind that Jay considers natural to him. Late one night, as we enjoyed beer and burgers on the edge of town, Jay’s merriness suddenly turned to keen attention as he spied a vehicle loitering near his Lamborghini. “It’s been there over 30 seconds,” he said, appearing still nervous after the car drove off. “They were probably just admiring the car — but what if?” He was visibly uneasy.InitiationJay describes a normal childhood in an average lower-middle-class family in the U.S. midwest. Money was sometimes tight, but basic needs were covered and school was OK. He excelled in geography, which simply came naturally to him without the need to study.He started working at the age of 12, stapling large boxes together at a warehouse owned by a family friend. The work was repetitive and it was actually illegal to employ such a young child, but Jay was there willingly and feels that he gained a valuable perspective from socializing with business owners at such a young age.   After high school, Jay enrolled in a university close to home to study international relations and computer engineering. He, however, became disillusioned, believing that “a lot of what the university was teaching me was absolute bullshit” and mostly aimed at making him into “a good wage slave.” As he studied money, “it blew my mind that fiat money was based on nothing — it was debt.” He dropped out to run his own book-selling business, which he later sold to a firm that itself went on to be acquired by Amazon.“The realization of the financial system and money being bullshit helped motivate me to drop out of university in the U.S.A. and do my own thing.”Jay used the money to travel, first heading to Mongolia, which he felt might be a “missed gem” and might hold economic opportunities. Later in Kazakhstan, he spent…

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