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STEP Price   

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STEP

Step Finance  

#STEP

STEP Price:
$0.027
Volume:
$123.2 K
All Time High:
$10.67
Market Cap:
$6.7 M


Circulating Supply:
252,592,512
Exchanges:
8
Total Supply:
584,606,725
Markets:
12
Max Supply:
630,106,792
Pairs:
11



  STEP PRICE


The price of #STEP today is $0.027 USD.

The lowest STEP price for this period was $0, the highest was $0.027, and the current live price for one STEP coin is $0.02662.

The all-time high STEP coin price was $10.67.

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


  STEP OVERVIEW


The code for Step Finance crypto currency is #STEP.

Step Finance is 1.4 years old.


  STEP MARKET CAP


The current market capitalization for Step Finance is $6,723,006.

Step Finance is ranked #601, by market cap (and other factors).


  STEP VOLUME


There is a medium volume of trading today on #STEP.

Today's 24-hour trading volume across all exchanges for Step Finance is $123,230.


  STEP SUPPLY


The circulating supply of STEP is 252,592,512 coins, which is 40% of the maximum coin supply.


  STEP BLOCKCHAIN


STEP is a token on the Binance Smart Chain blockchain.


  STEP EXCHANGES


STEP is available on several crypto currency exchanges.

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


  STEP RELATED


Note that there are multiple coins that share the code #STEP, and you can view them on our STEP disambiguation page.


  STEP RESOURCES


Websitestep.finance
Whitepaperdocs.step.finance
Twitterstepfinance_
Discordk5gMJUAEJe
Mediumstepfinance


  STEP DEVELOPER NEWS



Step update #10- Solanafloor Acquisition and more

Solanafloor the home of NFT Data Analytics The last month has been a very exciting time for Step for those who have been following along our socials and discord. The most important announcement of late has been our acquisition of Solanafloor and how that plays into the future of both the Step and Solanafloor platforms. We also have deployed a number of important updates including speeding up load times on the dashboard, new swap page design and routes, many bug fixes and a few integrations like the new Star Atlas marketplace. Lets get into the latest developments and what lies ahead for Step in todays update! — Acquisition of Solanafloor. — Step was delighted to announce on the 28 July that we have completed an acquisition of Solana’s leading NFT data insights and analytics platform, Solanafloor (Coindesk article). This greatly strengthens the Step product offering and we also onboard the excellent Solanafloor team including the founder and creator of Solanafloor cryptowazza. NFTs have clearly been one of the most important growth areas for the Solana ecosystem over the last 12 months. In a time where there has been a massive drawdown in the crypto market as a whole and particularly defi, NFTs have shown strong continued growth as evidenced in the recent Step Data Insights newsletter post with a comparison of Opensea vs Magic Eden. Active Solana NFT users transact on average 7.65 a day compared to the equivalent...




Step Q3 Roadmap

Step shining bright Well its quarterly roadmap time again this time we are in the 3rd Q already and there’s only 4 Q’s in a year, how time flys... This is indeed an interesting time for the crypto market, we are solidly in a bear market with a lot of projects and companies blowing up left and right and some projects going silent or winding down their activity completely, its really in times like this that legends are made and we at Step are full steam ahead hiring and building no matter what the macro is like. If you missed our previous Q2 Roadmap its worth a quick recap on what’s been achieved so far. I’d say we have probably achieved 70% of our goals with some things just not making it over the line and others being about 80% done. Tasks like performance have been ongoing with many of our onchain calls for pricing and individual integrations being moved to the backend and reducing load when you load your Step dashboard. Coverage is another ongoing task which we have integrated several more complex protocols like lenders or PERP dees and options vaults etc. I expect we will see less new projects launching this quarter so integrating them isnt such a big priority for us at the moment. NFT pricing has been another thing which is now running smoothly with our Magic Eden and Solanafloor integrations (we are rocking both APIs). The Opportunities page has seen some updates this Q as have other areas of the app like our en...




Step Update #9 — Step 2.0

Step Update #9 — Step 2.0New Look Dashboard! Today we are introducing an app-wide refresh with our new UI we are calling Step 2.0. You’ll notice many areas of the app have been improved, consolidated and standardised on desktop and mobile breakpoints as we prep for the second half of this year and much more data focused development. But first, a little history lesson… — Humble beginnings. — Step started in February 2021 from a Solana hackathon and has since grown into one of the most well featured and detailed portfolio managers of any blockchain, well beyond what we first imagined it would be. Back when we started there was only 2 AMMs and maybe 1 or two other yield farm related projects already onchain. The initial scope then for us was “make a dashboard to show you your positions in these few apps” however as Solana caught on with mega traction in 2021 the number of new projects launching was immense with almost everyday being some new pool or protocol going live. Our job then became expanding the size and specificity of the app. We needed to expand the number of individual modules from 2 (LP positions and Token balances) to over 13 currently with close to 50 individual project integrations often spanning 1–3 modules and thousands of individual markets. With the market growing so rapidly we often needed to use the fastest ways to get the integration done and working and then move on, this was ...




Step Update #8

xSTEP is your friend gm Steppers and its time again for todays update blog. Another busy month behind the scenes here at Step HQ with work pushing ahead on our Q2 goals, there’s a few big ticket items remaining on that list including referrals and the first products for our historical data indexing work. Lets have a short recap on what’s been going on — Integrations, bug fixing and UX updates. — We recently added support for the 01.xyz perps exchange, Cykura, Crema aswell as Orca whirlpools, TULIP staking and various fixes and improvements to Transaction History and and pool support. We have a few more integrations we are considering and that should cap off coverage for a while most likely. We don’t see as many protocols launching at the ferocious pace of 6 months ago which frees up some of our team to focus on the other areas of the app to our delight. One of those areas is a UX overhaul, you’re going to really like what you see, this simplification will also make development quicker going forward as we standardise a lot of the areas we had to smash out quickly in the past and cleanup redundant blocks of code. — Sunsetting of the Step AMM and Farms. — The Step AMM was born out of a time on Solana a year ago where there were 2 AMMs- Raydium and Orca. Serum had just deprecated their xyk AMM and the goal for the Step AMM was to:Provide a liquidity sink for STEP token holdersAdd a steady re...




The Pathway to Data

Data from Star Trek approves Its been a turbulent time in cryptoland this year with major hacks happening every month coupled with big events like the Luna/UST stablecoin depeg this week. Regardless, Step has been continuing to build throughout and if you check in to our Discord or Twitter you’ll always see new updates every few days. Come checkout some of the Feature Spotlights we have been doing recently on lesser known parts of the App as it will frame a lot of the discussion below. Step is well placed to grow during a bear market. We have been constantly hiring the last few months with most recently this week placing a new job ad for an Ambassador Program Manager which, as the name suggests is a new initiative to engage new users around the world in the Solana ecosystem, but perhaps more on that at a later time. On the tokenomics side we are well placed with the lowest FDV of any Solana project, zero farm emissions for the last 9 months and Reward options being the only way circ supply increases. The token isn’t immune to market forces though, the markets will do its thing but that’s irrelevant to what we are doing at Step- our job is just continue to build the best product we can and be the one page that is indispensable to your crypto usage, if we do that then value will come. — Monetisation in DeFi. — All the necessary parts of a DeFi ecosystem are mature on Solana now- 8 AMMs, 4 order book Dexes, 5...




Step Q2 Roadmap

gm We would have got this out sooner were it not for some big Solana events like in Miami, expanding Step team rapidly (3 new hires in the same week) and some integrations we had planned that have happened in April. A very busy month thus far! Its time we look ahead and outline the general high level direction we are going in this quarter as well as a quick look at some of the amazing updates we have just launched. — Q2- A focus on Data. — We have discussed before about the balancing act we need to do at Step between 3 core areas: Increasing coverage- This means integrating new protocols for the dashboard. This is our core product and always #1 priority for us at Step to ensure we show you an accurate representation of where your money is New Features- this would include things not related to coverage or tokenomics but simply just good to have on the frontend. Things like Transaction History or NFT pricing etc, these are not revenue accruing however essential for providing users a good user experience. Tokenomics related features- these often involve new Rust contracts deployed on-chain for things involving the STEP token. This also requires a fair bit of frontend work however ensuring we have value capture mechanisms for token holders is crucial to the long term success of Step, this often involves buttons users click where a fee is paid for a useful service (e.g. compounding, swaps etc). We need to balance th...




Step Update #7

Step Up We are already ending Q1 soon and a lot has happened here at Step it feels like ancient history. Lets get into some of the recent updates and learnings at Step. New Charities Support Step was the first to pioneer charitable donations on Solana with initially launching support for the FTX Foundation mid last year. We would have loved to have added more charities early on however getting charities comfortable with accepting SPL tokens within their existing legal framework became an issue. Luckily things have moved on since then and we have added a number of new charities to the donations page (https://app.step.finance/#/charities) through a collaboration with the good folk at Getchange. DeFi on Solana We have also added a new ‘DeFi on Solana’ page where you can search any project name or token for some historical pricing, stats and explainers. Only tokens added to the token list registry will show up here. We will also be building out this page with many more analytics as time goes on. Step is good at showing you what you have, new pages like DeFi on Solana the idea is to show you what you don’t have. This helps increase exposure of the Solana ecosystem. Speed enhancements and more dynamic pools A number of integrations are loading their pools and other information dynamically, this means quicker support for new pools on step without us needing to manually add. We are still refining this and often third parties ...




Step Lending Strategies

Step Pool on Solend! We recently posted a series of tweets about the potential strategies one could use when using the new STEP/xSTEP Solend pool. These strategies all have forms of risk with some more risk than others yet its worth considering as a part of your DeFi investment portfolio. Lets get into it — Simple Unlocking Value in xSTEP/STEP. — Deposit xSTEP or STEPBorrow a token like SOL or USDCPut the borrowed tokens in a yield farm/staking platform with a higher APY than the borrow rate A simple way to maintain your price exposure to STEP (if STEP goes up you still benefit) while also earning additional yield on your borrowed amount. — The Leveraged xSTEP yield. — Deposit xSTEP (which has an intrinsic APY itself, usually around 10%)Borrow STEPStake that borrowed STEP to xSTEPRe-deposit xSTEPBorrow more STEP againRepeat This strategy is a simple way to take a leveraged xSTEP position, if you leverage your xSTEP 2x or 3x you are earning not just any supply rates on Solend but also the inbuilt APY of xSTEP. This strategy also has no price risk as the asset you are depositing and borrowing is both STEP so it makes liquidations highly unlikely. You could also play this in reverse by depositing STEP and borrowing xSTEP is the supply APY of STEP is higher than xSTEP. — Hedged Step Farm. — Deposit into a Step Farm like SOL/STEP at https://app.step.finance/#/farmsDeposit into Solend ...




Step Update #6

New Look Step. #SteppingUpStep.finance new landing page Today we are excited to be launching an updated landing page to to better facilitate the onboarding of the next billion users into Solana. Some of the new features launching today are:Updated landing page designs, this will be the click-through link for all of our future paid marketing campaignsOnce new people arrive on Step we are introducing a new educational section soon where we will host various videos and articles explaining more about Crypto, DeFi and StepWe have some upcoming changes to the Step Dashboard in colours and themes based on this new design which we will be happy to share with you all soon!Our ‘Learn’ page will soon have a fully animated video short explaining what DeFi and Step is, video currently under development We have also had a very busy last few weeks full of new collaborations, new products, new Step features and a ton of performance and coverage enhancements to the app. — New Collaborations:. — We are delighted to be getting more deeply involved in the Star Atlas ecosystem. We want Step to be the go to portfolio manager for all Star Atlas players and be a place they can uncover interesting insights in what’s happening on-chain which may influence their gameplay decisions. To this end we are sponsoring some of the best Star Atlas data providers in the ecosystem with redspatula.io and stardusteconomy.com who have been prov...




Step Q1 Roadmap Overview

xSTEP will gain increased utility A new year is upon us and the team at Step is back at it with a general action plan for Q1. We have decided on some general high level goals for Q1 which will inform the tasks and features that get built and we are happy to share some information on that today. Part of the problem of building in DeFi is a trilema of: Coverage: having timely support for new projects as they come online so user positions are available in dashboard) Features: useful features people need that may not be fee paying, often UI only) Tokenomics: (features and systems which capture value for the token holders). Assume you can only have 2 of them not all 3, what do you choose? Its a balancing act… Especially given one often impacts and can accelerate or decelerate the other At the end of the day it comes back to the core metrics we measure success by:Monthly Active usersProtocol Revenue% of STEP locked/StakedApp performanceAMM growth Everything we do at Step must fit into these broad categories and a key focus this year is exposing more trackable data to Steppers on these categories. We previously shared some of the metrics on AMM growth last month https://twitter.com/StepFinance_/status/1473947884395667460 and will be providing more monthly metrics on xSTEP distributions like we do here.Q1 PrioritiesApp PerformanceCoverage These two are baseline requirements to ensuring Step remains the largest portfolio manag...




  STEP NEWS


NYDIG CEO and President Become the Latest Crypto Execs to Step Down

    The alternative asset manager - New York Digital Investment Group (NYDIG) - announced the departure of its CEO Robert Gutmann and its President Yan Zhao. Tejas Shah and Nate Conrad will take their posts, respectively. Changes at the Top The cryptocurrency-focused company revealed that its bitcoin balances hit an all-time high during Q3, up almost 100% YOY. At the same time, NYDIG's revenue was up by 130% in Q2, followed by another increase in the next quarter. Nevertheless, it noted that the CEO and President - Robert Gutmann and Yan Zhao - have stepped down from their respective positions and will remain as key members of NYDIG's parent company - Stone Ridge Holdings Group. The company announced Tejas Shah as the new Chief Executive Officer and Nate Conrad as the new President. They will focus on doubling down the organization's investments in the crypto mining industry by serving some of the leading North American miners. Ross Stevens - Founder and Executive Chairman of the firm - argued that these structural changes should be beneficial during a time of market decline: 'When markets crumble, character emerges. A flight to quality from the most risk-aware institutional investors has relentlessly driven bitcoin, and revenue, to NYDIG over the last 12 months. The firm's balance sheet is the strongest it's ever been, and we're now investing aggressively into a capital-starved market. Robby and Yan are delivering the business to Tejas and Nate in phenomenal shape.' Prior to the... read More



Settlements With China — Russia Plans Next Step for Digital Ruble

    Russia intends to use its digital ruble, to be introduced early next year, for payments with its key ally, China. Authorities in Moscow hope other nations will be willing to adopt the Russian digital currency in trade, which will allow the country to circumvent sanctions imposed over the Ukraine war.Russian Federation Eyes Digital Ruble for Payments in Trade With China The Central Bank of Russia is gearing up to launch settlements with the digital ruble, the new incarnation of the Russian fiat currency that's now being tested, as early as 2023. According to a statement by a prominent member of the lower house of Russian parliament, the sanctioned nation wants to use it in payments with China, which has become Russia's main trading partner. Limited access to the global financial system due to financial restrictions introduced in response to its military invasion of Ukraine is forcing Russia to seek alternative means for foreign trade transactions. Alongside cryptocurrencies, the digital ruble is one of the options Moscow is considering in its efforts to bypass the sanctions. 'The topic of digital financial assets, the digital ruble and cryptocurrencies is currently intensifying in the society, as Western countries are imposing sanctions and creating problems for bank transfers, including in international settlements,' the head of the Financial Market Committee at the State Duma, Anatoly Aksakov, recently told the Parlamentskaya Gazeta newspaper. The high-ranking lawmaker elab... read More



Kraken's Jesse Powell on Why He Decided to Step Down as CEO

    The news of Jesse Powell, the CEO of Kraken, stepping down from the position at the cryptocurrency exchange he founded in 2011 is a significant shake-up. The exec recently came under fire for allegedly 'fostering a hateful workplace and damaging their mental health,' according to a New York Times feature. But Powell believes the entire fiasco was a 'blessing in disguise' and that it turned out positively for the company. Powell's Comments Post Step Down Despite the market downturn, Kraken has posted relatively stronger financial results than its competitors. But certain comments by the former boss sparked outrage. In an interview with Protocol, the often-controversial exec said his decision to step back from the CEO position has nothing to do with media outcry. 'Following that, we actually got just a surge in new job applicants, an unprecedented number of new job applicants, a lot of people saying they're tired of the woke workplaces where they're at and they would love to work in a place like Kraken with the kind of culture that we have.' Powell said the entire incident served to 'embolden and galvanize' the team. He went on to add that the controversy helped Kraken to 'get out a lot of bad fits from the company.' He now plans to focus more on product development and industry advocacy. Work Culture Controversy From questioning over women being of equal intelligence to calling American women 'brainwashed' to saying staff should not be able to choose their pronouns and questio... read More



Kraken CEO Jesse Powell to Step Down After More Than a Decade

    Jesse Powell, the chief executive officer (CEO) and co-founder of major cryptocurrency exchange Kraken, will step down from his position after leading affairs at the company for more than a decade. This is yet another leadership change in crypto-related companies in the past several months. According to a press release on Wednesday (August 21, 2022), Dave Ripley, Kraken's chief operating officer (COO), will replace Powell as the new CEO. Ripley will assume the top executive position once the firm gets a new COO. Meanwhile, Powell, the Kraken's largest shareholder, will remain chairman of the company's board. The co-founder made the decision to step down over a year ago, with the exchange searching for a suitable replacement before choosing Ripley. According to a statement by the former Kraken boss: “Dave’s proven leadership and experience give me great confidence that he’s the ideal successor and the best person to lead Kraken through its next era of growth. I look forward to spending more of my time on the company’s products, user experience and broader industry advocacy.” Back in June, Powell debated with some employees who seemed to focus on 'minor slights and first world problems' rather than prioritize the firm's mission. The Kraken boss said that unhappy employees had a choice to leave the company. Meanwhile, Powell joins the list of CEOs who have stepped down in recent times. Michael Moro of crypto brokerage firm Genesis and MicroStra... read More



CFTC Prepares to Step up Oversight of Crypto Market — Says Many Di...

    The Commodity Futures Trading Commission (CFTC) has shared with Congress its plans to regulate the crypto market with 'full oversight capabilities' if the proposed Digital Commodities Consumer Protection Act becomes law. The regulator claims to have the right experience and expertise and believes that 'Many digital assets constitute commodities.' Meanwhile, SEC Chairman Gary Gensler has insisted that the vast majority of crypto tokens are securities.CFTC Chairman's Testimony on Crypto Regulation and the Digital Commodities Consumer Protection Act The chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, discussed how his agency would regulate the crypto market in a legislative hearing Thursday before the U.S. Senate Committee on Agriculture, Nutrition, and Forestry. The purpose of the hearing was to review the Digital Commodities Consumer Protection Act (DCCPA) which seeks to empower the CFTC 'with exclusive jurisdiction over the digital commodities spot market.' The bipartisan bill was introduced in the U.S. Senate in August by Senators Debbie Stabenow (D-MI), John Boozman (R-AR), Cory Booker (D-NJ), and John Thune (R-SD). Behnam told lawmakers: Many digital assets constitute commodities … The CFTC's expertise and experience make it the right regulator for the digital asset commodity market. He explained that his agency 'facilitates customer protections through its principles-based market oversight and disclosure regime aimed at ensuring transpar... read More



US Senator Wants Congress to Step in With Crypto Guidance — Urges ...

    U.S. Senator Pat Toomey says Congress should step in and provide a regulatory framework for cryptocurrency. He stressed that the U.S. Securities and Exchange Commission (SEC) is not sharing its framework for regulating crypto with lawmakers, noting that Chairman Gary Gensler 'owes us much more clarity on how and why he intends to apply SEC regulations.' US Senator Wants Congress to Step in on Crypto Regulation U.S. Senator Pat Toomey (R-PA), a ranking member of the Senate Banking Committee, discussed cryptocurrency regulation in an interview with Bloomberg Thursday. Commenting on whether the U.S. Securities and Exchange Commission (SEC) is too slow in regulating cryptocurrency, he opined: 'I think the problem is that the SEC isn't sharing with us the framework that they are using.' The senator proceeded to reference SEC Chairman Gary Gensler stating that most crypto tokens are securities, stating: Gary Gensler famously argues that virtually all crypto tokens are securities. I think reasonable people can disagree with that. The lawmaker noted that while Gensler 'would exempt bitcoin from that classification,' he said that 'pretty much everything else … is a security.' Senator Toomey explained that the SEC chairman 'doesn't go on to say how he would apply the existing frameworks that we use to regulate securities issuance and trading to a very, very new and very different technology where some of these things don't fit - like custody rules, clearance rules - these things... read More



XRP Eyes a Drop to $0.3 if Bulls Fail to Step In Soon (Ripple Price Anal...

    Ripple seems to be struggling around the support at $0.33 for 10 days in a row. As a result, the cryptocurrency is trading within a very narrow range with little to no volatility. The sentiment remains predominantly negative. Technical Analysis By Grizzly The Daily Chart On the daily chart, the bulls tried to extend the price above the resistance zone at $0.33 (in red) on multiple occasions. Presently, it appears that there's not enough demand to propel a considerable increase. The current structure formed after registering a high near $0.4 has been bearish. If this situation continues, the cryptocurrency is more likely to revisit the horizontal support at $0.3 (in green). The ascending line (in yellow) that has become resistance is another hurdle ahead of price growth. Furthermore, this line currently overlaps with the red resistance zone, which gives more merit to bearish arguments. Until a candle closes above this area, an increase seems unlikely. Key Support Levels: $0.32 & $0.30 Key Resistance Levels: $0.33 & $0.36 Daily Moving Averages: MA20: $0.34 MA50: $0.35 MA100: $0.35 MA200: $0.51 Source: TradingView The XRP/BTC Chart The bulls failed once again to break the 200-day moving average line (in white) on their fifth attempt. This resistance is in the range of 1700 SATs to 1800 SATs. In the short term, the 50-day moving average (in yellow) acts as support. A close and break below it could send the pair to 1,500 SATs (in green). Although the bulls have the upper hand in t... read More



Bitcoin Reclaims $20K, Crypto Market Eyes $1 Trillion, Ethereum 2.0 Merg...

    The past seven days saw the total cryptocurrency market capitalization recover towards the $1 trillion mark after losing it in June. At the time of this writing, the market cap sits at $998 billion, according to data from CoinGecko. A large part in the above played the increase in Bitcoin's price. The cryptocurrency is up some 9% in the past week and has managed to recover above $20K. In fact, it currently trades at $21,300 for a 3% daily gain. BTC had even soared above $22K for a brief period this Friday, but the bears intercepted the move and pushed it back below to where it currently trades. The broader market also soared. Ethereum is up around 14% in the past seven days, followed by other major cryptocurrencies from the top 10. BNB is up 10%, the same as Solana. XRP and ADA are lagging behind with 3.9% and 2.2%, respectively. Bitcoin's dominance - the metric that tracks its share relative to that of the rest of the market - increased by roughly 1% during the week. This indicates that the primary cryptocurrency had it better compared to altcoins. Interestingly enough, the increase comes on the back of more bad news from industry participants. Genesis Trading - another cryptocurrency lender - revealed that it has exposure to bankrupt hedge fund Three Arrows Capital. On the other hand, another successful step towards the integration of Ethereum 2.0 took place this week. The protocol's public testnet - Sepolia - became the second major testnet to implement the merge, bringing... read More



Analyst Warns of Increased Bitcoin Volatility as Futures Traders Step In

    Bitcoin's price spiked above $20,000 earlier today, and even though it's currently trading below this level, the cryptocurrency charts gains of 1.4% over the past 24 hours. Now, on-chain analysts warn of enhanced incoming volatility. The cryptocurrency market added some $50 billion in the past day as Bitcoin's price is testing the critical level of $20K, which also contains the highs from the cycle in 2017-2018. At the time of this writing, the price is trading slightly below that point but is still up around 1.4% on the day. Now, analysts are warning that volatility is likely to increase as the open interest builds up and futures traders are stepping in. According to a CryptoQuant analyst, the open interest on the most recent pump increased by a whopping $615 million in just a few hours. Generally, to analyze probabilities of which direction the price might end up going, the open interest in conjunction with the funding rates is a good indicator. This time, however, it appears that funding rates are almost neutral. This means that long and short traders are almost in balance. Leverage added to both sides (long and short) and will increase volatility in the near term. Source: CryptoQuant   Speaking of leverage, it's also worth noting that the past 24 hours saw around $180 million worth of liquidated positions, 75% of which were shorts. Data from Coinglass hints that the open long positions for the past 24 hours are 51%. read More



SBF: Big Players Like FTX Should Step in and Help Crypto Recover

    The Founder and CEO of the crypto exchange FTX - Sam Bankman-Fried - thinks large companies like his should use their expertise and 'stem contagion' in the digital asset market. As such, they could aid the ecosystem to thrive again, he added. In addition, the American argued that the Federal Reserve and its controversial approach to tackling high inflation is the main reason financial markets (including crypto) have plummeted recently. The Big Players Should Not Stand Aside One of the most influential people in the crypto space - Sam Bankman-Fried - opined that crises in the sector like the ongoing situation could be solved with the help of the leading companies. In fact, he believes they need to dive into the issue even if it leads to short-term losses: 'I do feel like we have a responsibility to seriously consider stepping in, even if it is at a loss to ourselves, to stem contagion. Even if we weren't the ones who caused it or weren't involved in it. I think that's what's healthy for the ecosystem, and I want to do what can help it grow and thrive.' Bankman-Fried reminded that FTX has already provided help on similar occasions. Last year, wrongdoers hacked the Japanese exchange Liquid and stole around $100 million worth of digital assets. Shortly after, FTX provided a $120 million in financing so the company could get back on its feet: 'We, I think about 24 hours later, stepped in and gave them a pretty broad line of credit to be able to cover all of their demands, to make ... read More



Fed Views Stablecoins as a Financial Instablity, Urges Regulators to Ste...

    The Federal Reserve published the latest 'Monetary Policy Report' on Friday, categorizing the stablecoin industry - particularly the algorithmic stablecoins  - as a risk of financial instability. Meanwhile, it expressed concern regarding the concentration of fiat-backed stablecoins on Tether's USDT and Binance's BUSD. Fed's Latest Take on Stablecoins Given the rapidly growing digital asset markets, the Fed highlighted the 'structural fragilities' in the sector as embodied by 'the collapse in the value of certain stablecoins' in the Monetary Policy Report submitted to Congress. Though without directly naming the algorithmic stablecoin - UST - that dragged the broader market to plunge in May, the Fed hinted at the project as an indicator of floating fragility within the industry. However, fiat-backed stablecoins - with a much higher degree of concentration and capitalization - are more concerning to the Central Bank. Considering that USDT, USDC, and BUSD have accounted for the overwhelming majority of the stablecoin market cap, the Fed outlined a lack of transparency regarding the underlying assets that back them as well as the fundamental risk involved that may exacerbate the vulnerability of the asset meant to be pegged 1:1 to USD. 'Stablecoins that are not backed by safe and sufficiently liquid assets and are not subject to appropriate regulatory standards create risks to investors and potentially to the fi nancial system, including susceptibility to potentially destabi... read More



Arizona State University to Step Into the Metaverse

    Arizona State University (ASU) - one of the biggest public universities in the States - intends to join the Metaverse and Web3 ecosystems. It also plans to release non-fungible tokens (NFTs) for authenticating event tickets and certificates. ASU to Conduct Classes in a 'Virtual Environment' A series of trademark filings with the United States Patent and Trademark Office (USPTO) revealed that the university's future offerings might include NFTs and holding lectures in virtual reality. ASU intends to issue digital collectibles for both in-house events and such within its students' campus. NFTs depicting the university's sports highlights are also expected to see the light of day. Conducting virtual classes, meetings, and other projects in the Metaverse is another goal set before the institute. In a recent tweet, Josh Gerben - trademark attorney and Founder of Gerben Perrott - confirmed the rumors. Arizona State University has big plans for the metaverse and Web3. Per USPTO filings made on June 7th, @ASU plans to offer: 1. NFTs for event tickets and artwork of campus landmarks. 2. NFTs for video of sports highlights. 2. Classes in a 'virtual environment.'#ASU #ForksUp pic.twitter.com/PPR89Cu4B2 — Josh Gerben (@JoshGerben) June 13, 2022 With its nearly 150,000 students, ASU is among the largest universities in the USA. Its potential jump into the Metaverse space might be prompted by the fact that in 2021 (because of the healthy measures surrounding COVID-19), almost 60,0... read More



AMAZY Makes a Step Forward With Stylish NFT Sneakers, Move2Earn, and Mor...

    [PRESS RELEASE - Please Read Disclaimer] Got used to enriching with tokens while sitting indoors all alone? Forgot what the fresh air is? Can hardly remember the last time you were running? Imagine that you receive the perfect chance to manage your NFTs and earn tokens by such non-trivial things as walking or jogging. Ain’t it AMAZYng? AMAZY is a motivational fitness social application with game-fi elements. One can hold several pairs of NFT sneakers, mint them and gain tokens. There are several types of sneakers with different ways to farm tokens. AMT utility token has an unlimited supply. The AZY governance token’s (initial market cap ~$1.5M, fully diluted valuation — $25M) total supply is 1B tokens. AMAZY has already gained more than 300 participants from the number of influencers: celebrities, bloggers and crypto bloggers with a total audience of over 1B subscribers, and is definitely not going to stop! The project has the potential to achieve the widest audience level in crypto, including showbiz stars and crypto experts. Finally, what makes AMAZY unique? - Reasonable prices for NFT sneakers starting from $100 only; - Fancy 3D sneakers models to choose from; - Optimized leaderboard system; - The anti-fraud GPS is created to prevent any possibility of getting tokens in case no actions required from users are being made; - Exclusive NFT drops from bloggers and influencers, many of whom are making their first-ever steps in crypto, causing massive additions... read More



WikiLeaks' Julian Assange is ?ne Step Closer to US Extradition (Re...

    The founder of the whistleblowing platform WikiLeaks – Julian Assange – could soon be extradited to the United States since the British and the American governments are diligently working on this. Still, the Australian activist will be able to appeal the decision. How Close Is Assange to a US Prison? The creator of the media organization WikiLeaks – Julian Assange – came to international attention in 2010. Back then, his platform published a series of leaks that exposed several war crimes conducted by the US army in Iraq and Afghanistan. Specifically, the videos show how soldiers kill civilians, including a Reuters photographer and his driver. Shortly after those leaks, Assange became a top target for the US authorities. In addition, Sweden issued an international arrest warrant for him over allegations of sexual misconduct. WikiLeaks’ founder said these accusations were a pretext for his extradition from the Scandinavian country to the USA. After losing his legal battle against the Swedish authorities, Assange sook shelter in the Embassy of Ecuador in London, where he was granted asylum. Three years ago, he was dragged out of the embassy and sent to the high-security Belmarsh Prison in the British capital. Ever since then, the US has been trying to pull Assange to the States and send him to American federal prison for his whistleblowing endeavors against the army. He is wanted on 18 criminal charges and faces up to 175 years behind bars. Accordi... read More



Last Hopium NFT Project Brings Dubai A Step Closer to Becoming World&rsq...

    The United Arab Emirates (UAE) is emerging as one of the world's most crypto-friendly regimes as it launches programs to assist local crypto development and regulation. Even the Dubai World Trade Center (DWTC), a government-owned event and exposition site in Dubai, has declared that it would become a complete zone and regulator of cryptocurrencies, operators, and exchanges. Another project based out of Dubai, Last Hopium, is an NFT drop aimed to use blockchain technology to bridge digital asset holder, to big hotels like Ritz, Hilton and Waldorf. The plan is to keep up with Dubai's ongoing efforts to assist crypto development. Both Dubai and the UAE try to benefit the local economy from blockchain technology, non-fungible tokens (NFTs), and cryptocurrencies. This plan to adopt blockchain and crypto is not just restricted to improving government services. With over 100 million worldwide blockchain wallets containing over $400 billion in liquid assets, the UAE has long attempted to entice blockchain and crypto into its economy. Binance Joining Hands with Dubai World Trade Center Binance, the world's largest cryptocurrency trading platform, is among the first crypto exchanges to join the Dubai World Trade Center Authority's new crypto center (DWTCA). The company has publicly stated that it has signed a memorandum of understanding with the DWTCA for the opening of a whole crypto zone in Dubai. The crypto giant is set to assist the DWTCA in describing the objective of accelerating... read More



LBank Exchange Will List STEP on January 21, 2022

    PRESS RELEASE. INTERNET CITY, DUBAI, Jan. 21, 2022 – LBank Exchange, a global digital asset trading platform, will list STEP on January 21, 2022. For all users of LBank Exchange, the STEP/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on January 21, 2022. While being used to revolutionize the financial world, crypto can also be used to revolutionize the way for people to keep fit and healthy. As a revolutionary mobile App, Step makes it possible to get rewarded with cryptocurrency when working out and staying fit. Its native token STEP will be listed on LBank Exchange at 21:00 (UTC+8) on January 21, 2022, to further expand its global reach and help it achieve its vision. Introducing Step Step is a revolutionary mobile App that lets its users earn crypto for their fitness efforts. With Step, it's easy to get fit and earn crypto at the same time, like a gym membership that pays back for every step taken. The mobile App tracks users' steps and pay out in cryptocurrency based on how far they go each day, helping them become the best version of themselves. To use the Step to earn crypto, one can just simply download Step Tracker App from the Play Store or from App Store, buy Step tokens and store them in wallet, then the Step Tracker App will automatically measure user's daily walking or running activity and send crypto to their wallet. The Step App has an intuitive and clean design, tracks user's progress and payments balance automatically, and... read More



A Step Towards DeFi 3.0: A Sneak Peek Into Alfprotocol

    One thing that keeps the development team occupied is ensuring that the platform’s launch provides users with a bug-free, smooth, and efficient protocol that offers an intuitive interface. As a result, the user interface has been extensively revised. Alf’s goal is to make sure that the user can navigate the platform with ease and take full advantage of the platform and all of its capabilities. Today, Alf protocol unveils the first look at its user interface. Although the design is not finalized, the preview gives an extensive overview of what the team has planned. The final version of the user interface may alter somewhat in appearance but retain the same functionality. The Dashboard The dashboard for the Alf Protocol will provide a brief snapshot of the market’s performance. Users will be able to see the entire value locked, the total supply and demand, the top-performing pairs, and other information to ensure that they are always up to date on market dynamics. The Farming Panel The farming panel will provide an easy way for farming options on the given pair. The panel will allow access to leveraged and non-leveraged farming options with detailed balance information and expected APY. The panel will provide all the essential information to help investors make vital decisions before committing their funds. Alf users will have access to high leverage farming options from the same panel, with leverage up to 200x only achievable due to the protocol’s use of Solana’s li... read More



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