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SIX Price   

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SIX

SIX  

#SIX

SIX Price:
$0.029
Volume:
$119.8 K
All Time High:
$0.58
Market Cap:
$7.8 M


Circulating Supply:
273,776,596
Exchanges:
5
Total Supply:
273,776,596
Markets:
5
Max Supply:
999,999,970
Pairs:
4



  SIX PRICE


The price of #SIX today is $0.029 USD.

The lowest SIX price for this period was $0, the highest was $0.029, and the current live price for one SIX coin is $0.02856.

The all-time high SIX coin price was $0.58.

Use our custom price calculator to see the hypothetical price of SIX with market cap of ETH or other crypto coins.


  SIX OVERVIEW


The code for SIX crypto currency is also #SIX.

SIX is 5.7 years old.


  SIX MARKET CAP


The current market capitalization for SIX is $7,818,155.

SIX is ranked #723 out of all coins, by market cap (and other factors).


  SIX VOLUME


The trading volume is medium today for #SIX.

Today's 24-hour trading volume across all exchanges for SIX is $119,822.


  SIX SUPPLY


The circulating supply of SIX is 273,776,596 coins, which is 27% of the maximum coin supply.


  SIX EXCHANGES


SIX has limited pairings with other cryptocurrencies, but has at least 4 pairings and is listed on at least 5 crypto exchanges.

View #SIX trading pairs and crypto exchanges that currently support #SIX purchase.


  SIX RESOURCES


Websitesix.network
Whitepapersixnetwork.gitbook.io/six-protocol/six-protocol/in...
TwittertheSIXnetwork
Redditr/sixnetwork
TelegramSIXnetwork
Discordsixnetwork
Mediumsixnetwork


  SIX DEVELOPER NEWS



식스네트워크, 바이프로스트와 파트너십…노드 벨리데이터 수행

식스네트워크는 멀티체인 미들웨어 플랫폼 바이프로스트와 전략적 파트너십을 체결해 상호 노드 벨리데이터로 협업하기로 합의했다. 노드 벨리데이터는 블록체인 네트워크의 무결성과 보안을 보장하고 트랜잭션을 검증하는 역할을 수행한다. 식스네트워크와 바이프로스트는 이번 협약이 양사의 사업 확장에 중요한 이정표가 될 뿐만 아니라, 전반적인 블록체인 산업 발전에도 기여할 수 있을 것이라고 한 목소리를 냈다. 바이프로스트는 개발자들이 여러 프로토콜 상에서 디앱(DApp)을 만들 수 있도록 이더리움 가상 머신(EVM) 호환 블록체인 솔루션을 제공하는 멀티체인 미들웨어 플랫폼이다. 바이프로스트는 이더리움, 클레이튼, BNB체인, 아발란체 네트워크와 호환이 가능한 메인넷 ‘바이프로스트 네트워크’를 개발했으며, 유저 경험 향상을 위해 바이파이(BiFi), 바이파이 X(BiFi X), 체인러너(ChainRunner), 바이포트(Biport) 등 여러 디파이 제품도 출시해왔다. 검증된 기술력을 바탕으로 바이프로스트는 국내 주요 기업들로부터 투자 유치에 성공했다. 지난 2019년 약 40억 원 규모의 시드 투자를 받은 데 이어 지난해에는 한국투자파트너스, 스틱벤처스 등으로부터 100억 원 규모의 시리즈A 투자를...




SIX Network และ BIFROST พาร์ทเนอร์กันในฐานะ Node Validator

SIX Network และ BIFROST สองผู้ให้บริการเครือข่ายบล็อกเชนชั้นนำในประเทศไทยและเกาหลี ได้พาร์ทเนอร์กันในฐานะ Node Validator ซึ่งทั้งสองบริษัทจะรับผิดชอบในการตรวจสอบธุรกรรม รับรองความถูกต้องและความปลอดภัยในเครือข่ายของกันและกัน โดยการพาร์ทเนอร์ครั้งนี้เป็นก้าวสำคัญที่แสดงให้เห็นถึงความมุ่งมั่นในการพัฒนาและยกระดับอุตสาหกรรมบล็อกเชน SIX Network เป็นบริษัทเทคโนโลยีบล็อกเชนซึ่งมีจุดมุ่งหมายเพื่อนำธุรกิจทั่วไปเข้าสู่โลก Web3 โดยบริษัทได้เปิดตัว SIX Protocol ซึ่งเป็นบล็อกเชนสำหรับธุรกิจ และได้พัฒนา NFT Gen 2 ซึ่งเป็น On-chain data layer เพื่อทำให้ NFT ใช้ประโยช...




SIX Network and BIFROST Have Partnered as Node Validators for Each Other.

SIX Network and BIFROST, two leading blockchain network service providers in Thailand and Korea, are in partnership as each other’s Node Validators. This means that both companies will be responsible for verifying and validating transactions, ensuring the integrity and security of each other’s networks. This collaboration is a significant milestone for both companies and demonstrates their commitment to developing and advancing the blockchain industry. SIX Network is a blockchain technology-based company that aims to bring businesses to the Web3 space. The company launched SIX Protocol, the blockchain layer built with toolkits conveniently made for business adoption of the blockchain. SIX Network aims to make NFTs more useful in real life by providing an on-chain data layer (NFT Gen2), which is a solution for businesses to apply utilities to NFTs. BIFROST is the flagship brand of PiLab Technology, a South Korean VC specializing in various blockchain services. With the recent launch of the BIFROST Network, an EVM-compatible layer one blockchain that enables cross-chain communication, BIFROST seeks to foster a unique blockchain ecosystem that leverages its multichain technology. The BIFROST Network provides the ultimate environment to build multichain decentralized applications (DApps) by focusing on interoperability between blockchains. Aimed at enhancing the multichain user experience, Pilab Technology has also developed ...




SIX Network สรุปไตรมาสที่ 1 ของปี 2023

Tables of Content - เปิดตัว “Six Roadmap Journey Update” บนเว็บไซต์, เข้าร่วม Huobi PrimeVote รอบที่ 3 และทำ Airdrop Campaign, ประกาศความร่วมมือเชิงกลยุทธ์และเป็นพาร์ทเนอร์กับ DWF Labs, จัดกิจกรรมที่งาน Block Mountain CNX 2023 และจัดอีเว้นท์ ‘SIX and Sip: A Crypto Cocktail with CEOs’, อัปเดต SIX Bridge ให้สามารถ Bridge มายัง SIX Protocol Chain, เปิดตัว NFT Tickets ในงาน Ultra Abu Dhabi จากเทคโนโลยี NFT Gen2, เปิดให้ Staking SIX Individual Node รอบที่ 1 และ 2, ประกาศความร่วมมือ SIX Protocol Validator Node กับ Singh Ekasingh International Investment Group (SIIG), ประกาศความร่วมมือกับ Wirtual Thailand, ยินดีต้อนรับสู่บทสรุปไตรมาสที่ 1ในปี 2566 ของ SIX Network ที่เราจะมาแชร์ความคืบหน้าที่เราได้ทำในช่วงเดือนที่ผ่านมา ตั้งแต่ประกาศความร่วมมือเชิงกลย...




SIX Network Q1 2023 Summary

Tables of Content - Launched ‘Six Roadmap Journey Update’, Participated in the 3rd Round of Huobi PrimeVote and Launched Airdrop Campaign, Signed a strategic investment and partnership with DWF Labs, Block Mountain CNX 2023 and Hosted ‘SIX and Sip: A Crypto Cocktail with CEOs’ Side Event, Upgraded Bridge Feature to SIX Protocol Chain, NFT Tickets at Ultra Abu Dhabi Powered by NFT Gen 2, Opened Individual Node Program Rounds 1 and 2, Node Validator Partnership with Singh Ekasingh International Investment Group (SIIG), Partnership Announcement with WIRTUAL, Welcome to the Q1 2023 summary of SIX Network, where we will be closely examining the major milestones achieved by the company in the first quarter. SIX Network has made significant progress by announcing strategic partnerships, participating in crypto events, and launching exciting new features on its platform. Let’s take a closer look at these exciting developments and the progress made by SIX Network. — Launched ‘Six Roadmap Journey Update’ on the Website - SIX Network updated its “Six Roadmap Journey Update” page on the official website, providing an overview of the progress made by the company. The website is divided into six main sections: Intro, Roadmap, SIX Protocol, SIX Product Progress, SIX Product Update, and the SIX Network 2022. The benefits of this page include staying informed about the company’s progress and advancements...




Definix จ่ายเงินคืนผู้ใช้ที่ได้รับผลกระทบ ด้วยกองทุนชดเชยรอบที่ 2 และอัปเดตกระบวนการคืนเงิน

เราได้ดำเนินการคืนเงินค่าชดเชยรอบที่ 2 ให้กับผู้ใช้ที่ได้รับผลกระทบ หลังจากตรวจสอบรายละเอียดสำหรับผู้ที่ส่งแบบฟอร์มเมื่อสัปดาห์ที่แล้วเรียบร้อย หากท่านกรอกแบบฟอร์มไว้ ท่านสามารถเข้าไปตรวจสอบกระเป๋าเงินของท่านเพื่อให้แน่ใจว่าได้รับเงินคืน และเราขอแจ้งให้ทราบว่า Definix จะต้องตรวจสอบความถูกต้องของธุรกรรมก่อนที่จะทำรายการโอน เมื่อเราตรวจสอบเสร็จ ก็จะทำการโอนเงินไปยังกระเป๋าเงินของผู้ใช้ สำหรับผู้ที่ได้รับผลกระทบ แต่ยังไม่ได้กรอกแบบฟอร์ม ใน Batch ที่ 1 และ 2 สามารถกรอกได้ท่ีนี่ — สรุปการจ่ายเงินชดเชยรอบที...




Definix Compensates Batch 2 Affected Users with Recovery Funds and Refund Update

We are glad to inform you that we have successfully refunded compensation to those who submitted the form last week and had their applications reviewed by Definix. If you filled out the form, please check your wallet to confirm that you have received your refund. It is important to note that Definix must verify the transaction before transferring the funds. Once the verification is complete, the amount will be transferred to your wallet. If you have been affected by the incident, you can apply for the Recovery Fund by filling out the application form available here: — Batch 1 Definix Compensation Summary - Definix paid compensation to affected users on March 30, 2023, for those who had filled out the form between March 22 and March 29, 2023. Users can now check their wallets to see the amount of compensation they received. Regarding the refund process, the refund rate is calculated based on the amount of the affected asset during the first transaction of the incident. Definix will refund the difference between the amount of assets during the first transaction and the amount at the time of the refund. Read more about our Batch 1 Definix Compensation here — Batch 2 Definix Compensation Summary - On April 7, 2023, Definix compensated users affected by the incident who had submitted the form between March 30 and April 5, 2023. Affected users can now view the compensation amount they received by checking their wallet...




SIX Name Service (SNS) — A Decentralized Naming System on SIX Protocol

SIX Name Service (SNS) — A Decentralized Naming System on SIX Protocol - SIX Network launched the SIX Individual Node program for the first round on March 10, 2023, and the second round on March 14, 2023. One of the key benefits of participating in this program is getting a free one-year subscription to SIX Name Service (SNS), which is a decentralized naming system. This service allows you to register a unique name of 6–25 characters with the “.six” extension. Today, we’ll deep dive into what SIX Name Service (SNS) is and why it’s important for the users. — What is SIX Name Service (SNS)? - SIX Name Service (SNS) is a decentralized naming system that enables users to register human-readable names to their wallet addresses or public keys on the SIX Protocol blockchain. In simpler terms, SIX Name Service (SNS) provides a way for users to easily associate a unique name with their wallet address, which brings simplicity to the blockchain experience and makes it easier to make a transaction on the blockchain. Traditionally, sending cryptocurrency involved copying and pasting a long, complex wallet address, which could be prone to errors. With SIX Name Service (SNS), users can instead register a name that is easy to remember and share, making the process of sending and receiving cryptocurrency much simpler and more user-friendly. With SIX Name Service (SNS), users can register a unique name with 6–25 chara...




Definix จ่ายเงินคืนผู้ใช้ที่ได้รับผลกระทบ ด้วยกองทุนชดเชย และอัปเดตกระบวนการคืนเงิน

เราขอแจ้งให้ทุกท่านทราบว่า หลังจากตรวจสอบรายละเอียดสำหรับผู้ที่ส่งแบบฟอร์มเมื่อสัปดาห์ที่แล้วเรียบร้อย เราได้ดำเนินการคืนเงินค่าชดเชยให้กับท่านที่แจ้งความประสงค์แล้ว หากท่านกรอกแบบฟอร์มไว้ สามารถเข้าไปตรวจสอบกระเป๋าเงินเพื่อให้แน่ใจว่าได้รับเงินคืน และโปรดทราบว่า Definix จะต้องตรวจสอบความถูกต้องของธุรกรรมก่อนที่จะทำรายการโอน เมื่อเราตรวจสอบเสร็จ ก็จะทำการโอนเงินไปยังกระเป๋าเงินของผู้ใช้ สำหรับผู้ที่ได้รับผลกระทบสามารถกรอกแบบฟอร์มขอรับทุนชดเชยได้ที่นี่ forms.gle สำหรับการคำนวณเงินชดเชย การคืนเงินจะ...




Definix Compensates Affected Users with Recovery Fund and Refund Process Update

We are pleased to inform you that we have successfully refunded the compensation for those who submitted the form last week and had their applications reviewed by Definix. If you have filled out the form, please check your wallet to ensure that you have received your refund. It’s important to note that Definix must verify the transaction before transferring the funds. Once the verification is complete, we will transfer the amount to your wallet. For those, who have been affected by the incident can fill out the Recovery Fund application form here: forms.gle As for the refund calculation process, the refund rate is calculated based on the amount of the affected asset at the time of the first transaction in the incident. Definix will refund the difference between the number of assets at the time of the first transaction and the amount at the time of refund. *Please note that Definix will only refund the difference in the amount of the asset, not the full amount that users deposit, and if you want to receive the full amount you have to withdraw your assets from the rebalancing farm* If you need any help or have any questions, don’t hesitate to contact our support team on Discord by opening a support ticket. Thank you for your understanding and support during this time. We are committed to maintaining our users’ trust and ensuring the safety and security of our platform. Definix Compensates Affected Users with Recovery Fun...




  SIX NEWS


SimpleSwap Exchange Marks Six Years of Evolution in the Cryptocurrency S...

    [PRESS RELEASE - George Town, Cayman Islands, May 9th, 2024] Since its creation in 2018, SimpleSwap has been committed to providing its customers with straightforward, swift, and secure cryptocurrency exchange services. Celebrating its six-year anniversary in the market, this platform takes pride in its achievements and the changes it has undergone during this time. SimpleSwap’s Growth Over the course of six years, SimpleSwap has made significant steps in its development. Its client base has grown greatly, with customer loyalty emerging as a key factor in the platform's success. Offering over 1800 cryptocurrency assets for exchange, including widely recognized options like BTC and ETH, as well as lesser-known coins such as TAO, TON, SOL, CASPA, SimpleSwap empowers users to explore different investment opportunities. Buying Cryptocurrency with Fiat At SimpleSwap, users have the option to buy and sell cryptocurrencies using fiat. Platform offers 30+ crypto that can be bought with a debit or credit card. After completing a transaction customers will receive their cryptocurrency directly on their wallets. Loyalty Program Loyalty Program is one of the most demanded features of SimpleSwap. The platform enables its customers to take full advantage of the benefits offered by their completed swaps. That’s why participants get BTC cashback for every finished transaction. In order to take part in Loyalty Program, customers can create an account and they’ll become parti... read More



Expert Analysis: Six Factors Suggest Bitcoin Price Won't Drop Below $37,...

    In the past month, the Bitcoin price has experienced a significant decline after reaching a 22-month high of $49,000. Currently, the largest cryptocurrency has fallen below the crucial $40,000 mark, raising concerns about the prospects of the ongoing bull run and the overall bullish market structure.  However, there are indications that the bottom of the current downtrend may be near, potentially setting the stage for a potential price reversal. Bitcoin Price To Avoid Plummeting To Low $30,000s Market analyst Marco Johanning sheds light on the situation, offering insights into the Bitcoin price movement. Johanning suggests that it won't be long until Bitcoin reclaims the $41,500 level or potentially rises from a lower level if a specific scenario unfolds.  According to Johanning, Bitcoin will finally encounter significant liquidity on the downside. Notably, the price has touched around below $39,000 multiple times, indicating the presence of substantial liquidity at these lows.  Moreover, Johanning addresses the skepticism surrounding the price of around $37,800, arguing against widespread expectations of a drop into the low $30,000 range.  Johanning emphasizes that the primary liquidity lies below $40,000 and is not in the low $30,000 range. Traders profited from the low $30,000 range have likely adjusted their stop orders to protect their gains, creating a layer of support below the recent equal lows.  As the price starts hitting these stop orders,... read More



This Hasn't Happened to Bitcoin (BTC) in Six Years

    TL;DR Bitcoin (BTC) has risen above $38,000 as BTC's supply on exchanges drops to 5.38%, the lowest since December 2017, amid declining trust in exchanges following events like FTX's collapse and Binance's legal troubles. The trend towards BTC self-custody is seen as bullish, contributing to Bitcoin's significant rally of 130% since the year's start. Analyst PlanB forecasts Bitcoin reaching $65,000 after the 2024 halving and soaring to $524,000 by 2027, anticipating a more robust bull cycle than in 2021. BTC Self-Custody on the Rise Bitcoin's recent price uptrend above the $38,000 level has coincided with another interesting development surrounding the primary cryptocurrency. According to Sentiment, BTC's supply on exchanges has plunged to 5.38%. Such a low mark was last observed in December 2017. The aforementioned trend might be a result of the undermined reputation of cryptocurrency exchanges. Recall that several marketplaces have collapsed in the past few years, with FTX being the brightest example. The trading venue, formerly spearheaded by the notorious Sam Bankman-Fried, filed for bankruptcy in 2022, prompting multi-billion dollar losses for investors. Most recently, the world's largest cryptocurrency exchange - Binance - was also shaken after settling money-laundering charges against the US DOJ and agreeing to pay a whopping $4.3 billion fine. On top of that, its former CEO, Changpeng Zhao (CZ), departed from his position and was replaced by Richard Teng. Switching ... read More



Six Important Considerations for the Ethereum Price Going in Q4 2023

    Ethereum is the longstanding second-largest cryptocurrency by market capitalization. Its market cap is in the $180 billion as we head into the second half of October 2023. (Meanwhile, Bitcoin's market cap is around $530 billion). Ether price has been stuck in the doldrums since March. Sliding to the $1,550 handle last week, ETH is now on par with its March exchange rate to the US dollar. Ether Up +30% Over Jan, But Down -25% Since Apr After a steep but short-lived rally in the first half of April, achieving a YTD high price of $2,120, Ether is now trading at a 7-month low price with two weeks left until November. As a result of Ethereum launching out of 2022 with a hot bull run to thaw out the crypto winter frost this January, ETH is up 30% YTD. It started the year off trading at $1,200. But on the 6-month chart, Ether's price is down 25%, with a 4.72% decline in the last 30 days. Investors are keen to know the next moves on major crypto exchanges. Here are 6 key factors to consider for the near, medium, and long term: 1. Low Fees Driving Ether Inflation (Mixed) The rapid development of the Ethereum platform has made it theoretically better than ever. The Merge and a number of Layer-2 scalability chains have made the platform faster and cheaper than ever. But lower fees are a mixed bag. Lower gas fees could attract more users and developers to Ethereum. But they are driving Ether inflation by burning fewer tokens than new ETH issuance by stakers. In the trailing 30 days, Eth... read More



A Long Con: CoinsPaid Says Systems Were Under Attack For Six Months

    In a new report, Estonia’s preeminent crypto payment and personal wallet provider, CoinsPaid, has revealed the intricate workings of a hacking incident that led to a colossal loss of $37 million. This audacious breach was reportedly the culmination of a six-month saga marked by calculated maneuvers and sophisticated tactics, orchestrated by none other than the notorious Lazarus Group.  Collaborating with Match Systems, CoinsPaid embarked on a comprehensive inquiry, unearthing the modus operandi of the hacking group and exposing the subsequent laundering of pilfered assets in a post. Elaborate 6-Month Operation By Lazarus Group The ploy, characterized by an extraordinary level of meticulousness, spanned half a year, revealing the calculated and relentless nature of the hack. Employing a blend of social engineering and technical strategies, the hackers engaged in a series of Distributed Denial-of-Service and brute-force attacks.  Their calculated approach culminated in a July 22 breach with the manipulation of a CoinsPaid employee, ensnaring them through a falsified job proposition. The ordeal began innocently enough, as a CoinsPaid employee embarked on a video interview for what appeared to be an enticing career prospect, facilitated via LinkedIn.  Little did they know that the seemingly innocuous task of downloading a technical assessment was part of an elaborate ruse orchestrated by the hackers. This single act granted the hackers access to CoinsPa... read More



Lazarus Group Spent Six Months Trying to Penetrate CoinsPaid Systems for...

    Estonian crypto-payments service provider CoinsPaid found that the notorious hacking group Lazarus spent six months tracking and studying the platform before finally attacking on July 22nd. ConsPaid collaborated with cybersecurity firm Match Systems to track the perpetrators' steps minute by minute, as well as identify what services and platforms were used to launder the funds. In a press release shared with CryptoPotato, the platform said that Lazarus Group spent half a year trying to infiltrate the CoinsPaid systems and find vulnerabilities. Orchestrating $37.3M Theft Since March, CoinsPaid revealed having been hit by constant unsuccessful attacks of various kinds, ranging from social engineering to DDos and BruteForce. During the same period, key engineers of the company were approached by an entity purporting to be a Ukrainian crypto-processing startup presenting a set of technical infrastructure-related inquiries. This interaction was corroborated by three key developers within CoinsPaid. In April and May, CoinsPaid encountered four significant assaults targeting its systems which sought unauthorized access to the accounts belonging to both the company's employees as well as its clients. The spam and phishing activities against the team members were constant and highly aggressive, the press release stated. The following month of June and July witnessed the orchestration of a malicious campaign that involved a combination of bribing and fictitious employment offers, all d... read More



Binance Celebrates Significant Milestone After Six Years In Operation

    Binance, the world's largest crypto exchange by trading volume, has achieved another significant milestone. The firm, which recently turned six, keeps racking up several achievements despite the FUD that has surrounded it in recent times.  A Worthy Feat For Binance The world’s largest crypto exchange by daily trading volume has recently disclosed that its registered users now stand at a whopping 150 million. This was revealed in a tweet by its CEO, Changpeng “CZ” Zhao, on Thursday.  In the tweet, CZ noted his company’s milestone amidst growing regulatory scrutiny of its operations the world over. However, despite navigating through different challenges, Binance has managed to captivate the interest of several millions of users around the globe. So this is a testament to the platform’s quality service delivery and amazing features.  Just over a year ago, in July 2022, the exchange’s user base stood at about 120 million. The astonishing growth of 30 million users within the span of just 12 months tells of Binance’s undeniable hold in the constantly evolving cryptocurrency ecosystem.  A cursory look at the platform's traffic data for the last three months shows that the top five nations contributing to this spike are Vietnam, India, Russia, Turkey, and Argentina. The increased expansion across various diverse geographies demonstrates the heightened acceptance and penetration of digital currencies.  Navigatin... read More



Ethereum ETFs Heat Up As Filings With SEC Climbs To Six

    The latest sign of crypto going mainstream among traditional investors is the race heating up to launch the first exchange-traded fund (ETF) tied to Ethereum futures. In recent weeks, six companies have filed proposals with the Securities and Exchange Commission (SEC) to launch Ethereum futures ETFs.  The Race To Launch An Ethereum Futures ETF Cryptocurrency ETFs track the price of the digital currencies they are tied to and they are not a new thing in the crypto industry. Bitcoin futures have gained popularity in recent years and are already being offered by popular investment companies.  However, with bitcoin futures ETFs now established, it is only natural for the next hot product to be an Ethereum futures ETF. So far, more than 10 Ethereum futures ETFs have been filed in the past, but none have been approved by the SEC. Volatility Shares Ether Strategy ETF was the first to be filed on July 28. Since then, Bitwise Ethereum Strategy ETF, Roundhill Ether Strategy ETF, VanEck's Ethereum Strategy ETF, and Proshares Short Ether Strategy ETF have been filed and are awaiting clearance, as reported by Bloomberg Intelligence.  Now, Grayscale Investments is also looking to join the pack with its new Ethereum Futures ETF filing. After withdrawing its filing earlier due to SEC concerns, the digital currency asset management company is now back with a better application. Bitwise, another crypto index fund manager, also withdrew its previous filing at the same time. ... read More



Study: Six Countries Account for Over 90% of Africa's Crypto Interest in...

    Between Jan. 1 and July 4, the Nigerian share of Africa's overall interest in cryptocurrency stood at 66.8%, a figure nearly eight times that of second-ranked South Africa's share, according to the latest Coingecko report. South Africa, along with Morocco, Ghana, Egypt, and the Ivory Coast, accounted for 23.8% of the continent's interest in cryptocurrency year-to-date (YTD).High Inflation and Currency Woes Fuel Nigerian Interest in Crypto According to the latest Coingecko Africa crypto report, Nigeria had 'the highest level of crypto interest' on the continent with a share of 66.8%. The West African nation’s share of the continent’s crypto interest is nearly 8 times that of the next highest-ranked country South Africa. The data in the Coingecko report is the latest to reaffirm Nigeria’s status as Africa’s number crypto nation both in terms of user curiosity and traded volumes. According to the report, poor traditional finance infrastructure, high inflation, and currency depreciation are some of the factors which explain Nigerian residents’ unparalleled fondness for crypto. Top Six Countries Account for Over 90% of Africa's Overall Crypto Interest Meanwhile, the data also shows that in the period between Jan. 1 and June. 4, no other African country had a level of interest in crypto which surpassed 10%. In South Africa, the level of interest in crypto stood at 8.36% during the same period. Morocco, which jailed a crypto trader in 2021, is ranked t... read More



Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem

    While the co-founder of Terraform Labs has been sentenced to four months in jail in Montenegro, a team of six anonymous developers have been attempting to revive the Terra Classic ecosystem after its collapse in May 2022. The six programmers, known as the 'Six Samurai,' wholeheartedly believe that luna classic (LUNC) has 'limitless upside potential.'Developers Rally to Breathe Life Into Terra Classic Following the collapse of the Terra ecosystem in May 2022, a new blockchain called Phoenix was formed, and the network issued new luna (LUNA) tokens. However, the old blockchain, now referred to as the 'Classic' network, continues to exist and has a market valuation of approximately $531 million as of Monday, June 26, 2023. The native token of the Terra Classic chain, now known as luna classic (LUNC), currently trades at around $0.00009140 per unit. A group of developers, self-identified as the 'Six Samurai,' now aims to revive the struggling network and infuse new life into the Terra Classic blockchain ecosystem. The Six Samurai released a proposal outlining their idea, which was submitted by two developers named Bilbo Baggins and Solid Snake. “If this proposal passes the whole team will dedicate themselves to performing their duties for the entire quarter, so the community doesn't have to worry about anyone leaving partway through it,” the developers Bilbo Baggins and Solid Snake detail. Although LUNC has experienced a 0.6% increase since the proposal, it pales in c... read More



Bitcoin Difficulty Increases for Third Time in Six Weeks, Miners Remain ...

    On March 23, 2023, bitcoin experienced another difficulty increase, following two previous rises in the last month, jumping 7.56% higher. Currently, bitcoin miners have not been deterred by the increases, as the network hashrate has been coasting along at 346 exahash per second (EH/s).Bitcoin Hashrate Remains High Despite Recent 7.56% Difficulty Rise As of writing, there are more than 1,700 blocks left until the next difficulty retarget on April 5, 2023. Despite the difficulty increase on March 23 at block height 782,208, the hashrate remains high, and block intervals are still faster than the 10-minute average. The April 5 change is expected to be about 6.9% higher, as block times have been between nine minutes and 21 seconds and nine minutes and 14 seconds. The increase at block height 782,208 was 7.56% higher than the difficulty over the previous two weeks. Prior to that, on Feb. 24, 2023, at block height 778,176, the difficulty rose 9.95%, and on March 10, 2023, at block height 780,192, the difficulty jumped by 1.16%. This means that over the last six weeks, bitcoin miners have dealt with three consecutive difficulty increases that amount to a total of 18.67%. Currently, the difficulty is 46.84 trillion and is only 3.16 trillion hashes away from reaching the 50 trillion mark for the first time. If the current estimated 6.9% increase comes to fruition, by April 5, 2023, the difficulty could reach 53.74 trillion. Statistics show that March bitcoin mining revenue may end up... read More



Digital Asset Inflows Hit $117M Last Week, Largest in Six Months

    Digital-asset products saw inflows totaling $117 million last week, according to the crypto investment firm CoinShares. This marks the largest inflow recorded since July 2022. Subsequently, the total asset under management (AuM) increased to $28 billion, recovering by 43% since the lows of November. Bitcoin-tied investment funds alone recorded $116 million in inflows last week. Minor inflows into short-bitcoin of $4.4 million were also noted during the same time frame. Strong inflows came as Bitcoin climbed above $23,000 after surging by well over 40% year-to-date. Despite the market recovery in the past few weeks, investors are still cautious, preferring select investments. This trend was indicated by the continued outflows for the 9th consecutive week in multi-asset investment products that added up to $6.4 million. Altcoins such as Solana, Cardano, and Polygon recorded inflows, while Bitcoin Cash, Stellar, and Uniswap saw minor outflows. The report also found that inflows associated with blockchain equities stood at $2.4 million. However, gauging across providers demonstrated a 'polarized sentiment.' The report further said that investment product volumes were up by 17% compared to the YTD average and are improving. Data shows that $1.3 billion were traded for the week. A similar trend was seen by the broader digital asset market, which witnessed average weekly volumes surge by 11%. Germany dominated with the largest inflows in terms of geography, recording $46 million. T... read More



Bitcoin Miner Sell Pressure Reaches Six Year High

    Bitcoin miners are selling their coins at a record pace after the top cryptocurrency by market cap fell to its lowest price in 2022 this month.  According to Charles Edwards – founder of Capriole fund – Bitcoin miner sell pressure has skyrocketed by 400% within 3 weeks alone.  His data is backed up by a similar finding from Glassnode, which showed total miner balances plummeting to a 10-month low this week. Their holdings are now worth roughly $30.4 billion, representing almost 10% of Bitcoin’s supply. It's a Bitcoin miner bloodbath. Most aggressive miner selling in almost 7 years now.Up 400% in just 3 weeks! If price doesn't go up soon, we are going to see a lot of Bitcoin miners out of business. pic.twitter.com/4ePh0TIPmZ — Charles Edwards (@caprioleio) November 21, 2022 “If price doesn't go up soon, we are going to see a lot of Bitcoin miners out of business,” said Edwards. Mining companies depend on Bitcoin’s fixed 6.25 BTC block reward as their source of revenue. A block is mined approximately once every ten minutes using computational power.  As mining becomes a more competitive industry and network difficulty rises over time, participants must seek out more energy-efficient mining resources to stay profitable.  This task becomes more difficult during a bear market when the Bitcoin produced by each block is worth significantly less in dollar terms.  As such, multiple major mining firms ha... read More



Binance Shares Six Commitments and Principles for Centralized Exchanges

    Industry leader Binance has shared its principles on how the fiasco can be avoided in the future. On Nov. 15, Binance CEO Changpeng ‘CZ’ Zhao tweeted the most important requirements that his and every other centralized exchange should adopt in order to ensure user trust. He also said he is working with industry partners to create an all-out recovery fund. This would go towards supporting otherwise healthy businesses that have been “unfairly impacted by FTX’s apparent fraud,” he added. Binance was entwined in the imbroglio that led to the demise of Sam Bankman-Fried’s crypto empire last week. The company started offloading FTX exchange tokens (FTT) and then pulled out of an offer to help FTX with its liquidity issues. In light of what happened last week, I felt compelled to define the six most important requirements that #Binance and every other centralized exchange should adopt in order to ensure trust with our users.https://t.co/BmZsNraNs5 — CZ Binance (@cz_binance) November 15, 2022 The Binance Six Principles The first of the Binance big six was being risk averse with user funds. This was the big mistake that FTX made, using user funds as collateral elsewhere. This leads to the second principle that exchanges should never use their own native token as collateral. Native tokens provide the foundations of the exchange blockchain ecosystem, so shouldn’t be deployed elsewhere. It was concern over the FTT token that catalyzed th... read More



Chainlink Sharks and Whales Add $313M Worth of LINK in Six Months

    Chainlink has been witnessing strong whale accumulation and address activity this year. Sharks and whale addresses, holding 10,000-1 million LINK, have continued to pile up tokens as the bear market set in. According to the latest data from the crypto-analytic platform, Santiment, this cohort of investors has collectively added over $312 million worth of LINK tokens to their wallets since March 3rd. 'Chainlink's shark & whale addresses (holding 10k to 1m $LINK) have been busy accumulating during the 2022 bear market. Since March 3rd, these addresses have added 47.31M LINK to their wallets, collectively. This translates to $312.7M more invested.' The whales and sharks are currently holding 17.61% of the total circulating supply of LINK, increasing their holdings by a decent 4.73% during the period of six months. Typically, an accumulation trend precedes price swings on the upsides, but that has not been the case for Chainlink. On the price front, LINK is yet to see a breakthrough after erasing much of the gains established during brief rallies last month. The most recent sell pressure can be attributed to offloading of tokens by another category of LINK addresses holding more than 10 million LINK, which controls around 54% of the total circulating supply. Outflows were also observed in whales holding between 10,000 and 100,000 LINK, which further prompted a sell-off resulting in a nearly 9% loss over the week. Yet another cohort accumulating are LINK addresses holding between... read More



XRPL to Provide Tech Basis for at Least Six Stablecoins

    Stablecoins are among the core focus areas for applications on XRP Ledger. As of Q4, 2022, development teams in various regions across the globe are building stable cryptocurrencies using it as a technical platform. Stably, Stasis, Novatti, who else? Anonymous cryptocurrency expert who goes by @WKahneman on Twitter shares the digest of the most promising stablecoin project on XRP Ledger. Recently there have been a number of stablecoins announced on the #XRPL. Any others of note? Stably (USDS)https://t.co/if42mckwZw Stasis (EURS)https://t.co/xx6EXjkBpZ Xago (XUS)https://t.co/ow1X7Osi9I Palau (USD?)https://t.co/RvewlKBrcC Novatti (AUDC)https://t.co/Zd5kiqN0Ld — WrathofKahneman (@WKahneman) October 8, 2022 Most of them are not only using XRP Ledger for its software but are also actively collaborating with Ripple Inc. in engineering and marketing. For instance, Stably USD (USDS) is being developed by Seattle-based Web3 project Stably. As covered by U.Today previously, they decided to expand its product to XRPL in early September. Euro-pegged stablecoin EURS by Stasis can be unveiled in mainnet as soon as Q4, 2022, per the previous statements of its team and Ripple. XUS stablecoin by South African platform Xago is already on its way to XRP Ledger's mainnet. Palau rolls out its CBDC together with Ripple Besides that, XRPL-based products are building stablecoins with unusual assets. For instance, Germany-based Novatti Group Limited is going ... read More



Analyst Says BTC Is Angling For Six Digit Rally In Next Year

    A popular crypto analyst has predicted that Bitcoin (BTC) is on a bullish path to reach six figures in 2023. Known pseudonymously as Credible, the analyst made the prediction on his Twitter handle while addressing his over 300k followers.  The recent bear market began in late 2021, with Bitcoin dropping over 60% from its previous high. Many analysts attributed the high interest to excess money in circulation. However, the market has declined since the start of 2022 due to many macroeconomic factors.  Bitcoin fell over 60% from its all-time high of $68,000, with altcoins following the trend. Inflation statistics and lending rate hikes are major causes of the market’s volatility.  However, the market seems to be stabilizing in the past few weeks. BTC remained sturdy after the Feds announced another rate hike last Wednesday, seeing a minor price decrease. While it has enjoyed some short wins and nose-dives, it has remained in the $19,000 range. Why Is Credible Bullish On BTC's Growth Next Year? Given the current market situation, some analysts believe the market could get worse before getting better. However, Credible believes that Bitcoin just completed a lengthy correction and is ready to spark a parabolic rally to hit $150k. Momentum. Which is why estimates must be within a range- it can vary. I am expecting at least 100k, not 300k+, likely somewhere around 150k-ish. But will know more as PA develops and the move actually starts. - Credible. BTC is curren... read More



Report: Reddit Co-Founder Alexis Ohanian's Seven Seven Six Targets $177M...

    According to a recent report, the venture capital firm founded by Alexis Ohanian, Seven Seven Six, is planning to raise $177 million for a new crypto-centric fund. The new Seven Seven Six fund called Kryptós will concentrate on investing in cryptocurrencies like bitcoin and ethereum.Seven Seven Six Launches Cryptocurrency Fund Kryptós - Plans to Go Live in October On August 29, 2022, The Information reporter Kate Clark published a report that noted Reddit co-founder Alexis Ohanian's Seven Seven Six is raising money for a new crypto-focused fund called Kryptós. The company has been behind a number of investments tethered to the crypto and Web3 industry. For instance, Seven Seven Six led the Ethereum Web3 wallet platform Rainbow's $18 million funding round. In mid-December 2021, Seven Seven Six teamed up with Polygon to launch a $200 million social media Web3 fund. On Monday, The Information's report says the fund Kryptós is looking to raise $177 million and it will invest in crypto assets. Last April, Seven Seven Six was approved to operate as a registered investment advisor (RIA), and Clark reports that her publication read the Kryptós fund marketing paperwork. The Kryptós fund paperwork notes that there's 'potentially a unique opportunity' to obtain crypto investment vehicles 'at a discount.' Now that Seven Seven Six is a registered investment advisor, it can invest in digital assets and manage the fund for a fee. Clark's report further cites on... read More



Ethereum (ETH) Market Cap Falls More Than $124 Billion In Six Weeks

    Ethereum, the second-largest cryptocurrency by market capitalization, is currently in freefall. Over $124 billion in capital vanished from the Ethereum (ETH) decentralized finance (DeFi) in six weeks. Seven months ago, ETH reached its highest value ever at $4,891.70 on November 16, 2021. However, the larger crypto market continues to fall due to macroeconomic uncertainty fueled by an unstable stock market, interest rate hikes, and the fear of crisis. The Ethereum DeFi Market Is Deleveraging Dramatically Glassnode, a blockchain analytics firm, released a report on June 17. The report was titled 'The Great DeFi Deleveraging.' The report stated that over $124 billion in the capital had been drained out in only six weeks from the Ethereum DeFi market. As a result, its market value is deleveraging rapidly. According to their statement, many reasons have sparked a wide range of margin calls, liquidations, and deleveraging. These reasons include worldwide monetary policy tightening, the growing strength of the US dollar, and decreasing values of risk assets. Their analysis looks at some early warning signs that predict a drop in ETH usage and community demand after the November 2021 all-time high of ETH value. They claimed that on-chain activity and Ethereum gas prices had decreased over six months. This indicates a drop in overall Ethereum network activity. ETH is currently trading below $1,100 on the daily chart | ETH/USD chart from Tradingview.com  As stated in the report: ... read More



Switzerland's SIX Digital Exchange Postpones Crypto Services Launc...

    Due to prevailing market conditions, SIX Swiss Exchange has postponed the launch of its crypto services arm, SIX Digital Exchange (SDX). Of note, the stock exchange is Switzerland’s main and the 3rd largest of its kind in Europe. In September last year, the nation’s regulator gave it the green light to launch crypto-related services exclusively to regulated institutions. More specifically, SDX planned on providing custody and staking services to banks, hedge funds, and other licensed financial firms. SIX Swiss Exchange Puts off Launch of Crypto Services Now, due to “current market conditions,” the exchange’s crypto services launch has been put off indefinitely, The Wall Street Journal reported. In the past year, several of Switzerland’s traditional financial players have gotten in on the cryptocurrency industry. Other than the SIX Swiss Exchange, others are Arab Bank Switzerland, BBVA bank, and the nation’s largest online bank Swissquote. The stock exchange expected to tap into the nation’s wealthy class to make cryptocurrencies a part of their portfolio. Recently, however, the crypto market has seen billions of dollars wiped out, as its overall market cap plummeted below $1 trillion. Bitcoin (BTC) fell below the $25K mark, trading at $22,000 as of writing time, while its market dominance shrunk. MicroStrategy, the biggest institutional holder of Bitcoin, now has over $1.26 billion in unrealized losses. Tesla’s Bitcoi... read More



Six Years of Relentless Efforts: ViaBTC is Always on the Way

    BTC mining has evolved from CPU to GPU and finally to ASIC, setting off a hardware “arms race”. Since more advanced mining chips are introduced, the hashrate of mining rigs has been on the rise, making mining extremely difficult. Meanwhile, hashrates are centralized by big mining farms and large institutions, and retail miners now struggle to gain the right of block updating solely relying on their own hashrates. To stay in the game, more and more miners choose to join a mining pool for stable mining revenue. Before choosing one from many mining pools out there, miners should think about the following factors. First, brand recognition. In general, famous pools are more reliable because they are often highly recognized by the miner community. Second, user experience in both the products and the services the pool provided. A pool with a full range of products, in most cases, enables efficient and convenient mining experiences. All in all, brand recognition, and user experience in products and services are all backed by the tech capacity of the team behind the pool. Strong tech capacity allows a pool to offer a sound mining environment, so as to better safeguard the interests of miners. 6 years of solid steps: ViaBTC is reliable and trustworthy In March 2016, Haipo Yang, the founder of ViaBTC, developed and deployed ViaBTC Pool on his own. Only two months later, ViaBTC Pool was officially launched. In June of that year, the BTC pool was introduced. To improve the min... read More



World's First ETP With Combined Bitcoin, Gold Exposure Launches on...

    The first exchange-traded product (ETP) that combines Bitcoin (BTC) and gold exposure has been listed on Europe's 3rd biggest stock exchange - SIX. The new product has been unveiled by Zug-based ETP issuer 21shares in partnership with investment adviser ByteTree Asset Management. Best of Old and New World According to the official post, the physically backed index product, known as 21Shares ByteTree BOLD ETP (ticker BOLD), is designed to track an index comprising Bitcoin and gold, which rebalances monthly as per the comparative volatility of the two assets. The fund will rebalance on the basis of 360-day historical volatility. The asset with less volatility will achieve higher weightage in a bid to maximize risk-weighted returns. Due to its lower volatility, gold has been assigned with a higher weighting of 81.5% at launch. Bitcoin, on the other hand, has an 18.5% share. Its objective is to 'deliver inflation protection by tracking an index that gives optimal risk-adjusted exposure to bitcoin and gold.' The announcement also read, 'Gold and bitcoin provide diversification to a balanced portfolio. BOLD offers investors a convenient way to invest in gold and bitcoin, in a structure that prudently manages risk. Rebalancing transactions are carried out within a tax-efficient structure.' Charlie Erith, a chief investment officer of ByteTree Asset Management, said the idea is to make Bitcoin an acceptable asset to hold while bringing gold into the 21st century. Both assets have att... read More



LMAX Partners With Financial Services Group SIX to Launch Crypto Futures...

    Institutional cryptocurrency exchange LMAX has announced a partnership with Swiss financial services group SIX to launch cash-settled, centrally cleared crypto-asset futures. With the increasing institutional adoption of crypto trading, LMAX Group CEO David Mercer reveals that the company will complete its offering by adding digital asset futures to its portfolio through the latest partnership. LMAX-SIX's New Crypto Product Offering Based on regulatory approval, LMAX said the launch is expected in Q3 2022. As per the official press release, the product will initially include centrally cleared USD settled Bitcoin and Ethereum futures. It will trade for 23 hours, five days a week. However, the fintech firm plans to eventually extend the roll-out to 24/7 trading. LMAX stated, 'The partnership, which leverages the expertise of two leading market players, is set to deliver a superior crypto offering and is expected to receive immediate uptake from existing LMAX Group clients as the digital asset ecosystem continues to institutionalize and demand robust trading infrastructure grows.' According to Mercer, LMAX's institutional client base, which includes 35 top-tier banks that are already trading with the company, will benefit from the strength of the exchange trading technology, in addition to the 'secure clearing connectivity of SIX.' The exec also said the partnership will help bridge the gap in facilitating round-the-clock crypto futures trading seven days/week while catering to ... read More



Ripple: 21Shares Launches $XRP Exchange-Traded Product (in CHF) on SIX S...

    Switzerland-based 21Shares AG, considered one of the pioneers when it comes to the issuance of cryptocurrency exchange-traded products (ETPs), has announced the launch of an $XRP ETP in Swiss francs (CHF) on the SIX Swiss Exchange. The SIX Swiss Exchange is based in Zurich and is Switzerland’s main stock exchange. It trades other securities such as Swiss government bonds and derivatives such as stock options. The exchange is owned by the SIX Group, an “unlisted public limited company itself controlled by 122 banks or financial institutions.” New Listings From today, seven @21Shares ETPs are available in CHF on the SIX Swiss Exchange Single Assets: #Cardano, #Polkadot, #Ripple & #Solana Indexes: HODL, HODLV, HODLX BONUS: Our #Bitcoin ETP is now also available in JPY Learn more here: https://t.co/2UqJJoDAm7pic.twitter.com/24PRyKZ81x— 21Shares (@21Shares) March 10, 2022 21Shares’ physically-backed XRP ETP, the 21Shares Ripple XRP ETP, is touted as the “world’s first Ripple ETP” and trades under the ticker AXRP. It aims to track the investment results of XRP minus fees, with each share of the ETP having 30.11650072 XRP in it. The product has a 2.5% management fee and is already listed on a number of other exchanges, including the Boerse Stuttgart and Euronext Amsterdam, and Euronext Paris. According to CryptoCompare’s February 2022 Asset Report, it held 76.7 ... read More



Ethereum Web3 Wallet Rainbow Raises $18 Million From Alexis Ohanian&rsqu...

    The team behind the Ethereum wallet Rainbow announced the project has raised $18 million in a Series A funding round led by Alexis Ohanian's venture capital firm Seven Seven Six. The new financing that follows the startup's $1.5 million seed round will allow Rainbow to focus on 'onboarding the next 100 million users to Web3.'Ethereum-Based Rainbow Wallet Raises $18 Million Rainbow, a non-custodial Ethereum (ETH) wallet that's available for iOS and Android devices has announced the team has raised $18 million in a Series A investment round. The announcement notes that the financing was led by Alexis Ohanian's venture capital firm Seven Seven Six. Ohanian's Seven Seven Six has been giving a lot of attention to blockchain and Web3 startups during the last year. In mid-December 2021, Seven Seven Six and Polygon announced a $200 million fund dedicated to advancing Web3 social media. The tech entrepreneur Alexis Ohanian is well known for co-founding the social media and news aggregation web portal Reddit with Steve Huffman and Aaron Swartz. The same month Seven Seven Six and Polygon started the Web3 social media fund, Ohanian invested in a non-fungible token (NFT) project called Heir Inc., a platform that aims to connect loyal fans with popular athletes. The investment into the Ethereum-based wallet Rainbow follows the wallet project's $1.5 million seed round, which brings Rainbow's total fundraising to $19.5 million. According to Rainbow, the startup has hired 20 new employees and... read More



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