The Block • Mar 18, 24
Dogwifhat memecoin’s iconic photo sold as NFT for $4.3 million
Crypto trader Gigantic Rebirth Ventures (GCR) made the winning bid of 1,210.8 ETH on the Foundation platform.
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Energy Web Token is not supported by Coinbase.
$70.1M
$1.9M
30.1M EWT
$22.22
-0.94%
-3.21%
-17.43%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Energy Web Token (EWT) is the operational token of the Energy Web Chain, a blockchain-based virtual machine that aims to support and further application development for the energy sector. Launched in June 2019 by the Energy Web Foundation, a non-profit enterprise, EWT strives to diversify the energy sector by enabling developers to create decentralized applications (DApps). The virtual machine aims to benefit various actors in the energy sector, including grid operators, software developers, and vendors. EWT is a joint project between Rocky Mountain Institute (RMI) and Grid Singularity (GSy), combining RMI's involvement in energy sector research and development with GSy's blockchain development skills.
Energy Web Token operates on a proof-of-authority (PoA) consensus, which relies on trusted validators for the creation of new blocks. This consensus method aims to allow for faster processing times compared to the proof-of-work (PoW) consensus. EWT aims to offer enterprises the opportunity to create completely customized decentralized apps. While other blockchains like Ethereum also provide this diversity, Energy Web Chain is specifically designed for the energy sector. The Energy Web Chain aims to support scalability and data privacy, and it has released a tech solution called Energy Web Decentralized Operating System (EW-DOS), which aims to allow users to control and manage their electrical systems online.
Energy Web Token seeks to bring a wide range of applications to the energy sector. One of its main use cases is to offer enterprises the opportunity to create completely customized decentralized apps. These apps aim to manage and control electrical systems online, providing a versatile solution for a wide range of applications in the energy sector. Another potential use case for EWT is enhancing traceability in the energy sector, giving market participants the ability to purchase a variety of digitalized, attribute-based green commodities. It also aims to unlock deep demand-side flexibility, enabling grid operators to tap into the vast technical potential of customer-owned distributed energy resources in a trustworthy, low-cost, scalable way.
Energy Web Token was launched in June 2019 by the Energy Web Foundation, a non-profit enterprise. The project is a joint venture between Rocky Mountain Institute (RMI) and Grid Singularity (GSy). RMI, a participant in research and development in the energy sector, has been involved in many projects in the energy sector and has sought to employ blockchain technology’s decentralized power to allow actors from the energy sector to develop new decentralized solutions. GSy, a blockchain developer, brought blockchain expertise to the project and was the powerhouse behind the creation of the Energy Web Chain. The Energy Web Foundation plans to release a maximum supply of 100,000,000 EWT tokens over ten years after the initial release date.
The Block • Mar 18, 24
Dogwifhat memecoin’s iconic photo sold as NFT for $4.3 million
Crypto trader Gigantic Rebirth Ventures (GCR) made the winning bid of 1,210.8 ETH on the Foundation platform.
Read more
DL News • Mar 18, 24
Solana volume leapfrogs Ethereum as memecoin frenzy seen sending price to $415
Another memecoin frenzy has pushed Solana's overnight trading volumes higher than those of rival cryptocurrency Ethereum.
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The Block • Mar 18, 24
Standard Chartered raises Bitcoin price target to $150,000 by year-end
Standard Chartered Bank has raised its bitcoin price prediction target to $150,000 from its previous estimate of $100,000.
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The Block • Mar 18, 24
Figure launches new blockchain-focused entity after raising $60 million in Series A
Figure Technologies announced that it is launching a company named Figure Markets, focused on developing a blockchain-native exchange.
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BeInCrypto • Mar 18, 24
Solana Skyrockets Past $200: Unveiling 3 Key Growth Drivers
Solana breaks the $200 mark, driven by its expanding DeFi ecosystem, record DEX volumes, and robust staking growth, signaling a strong market position and future potential.The post Solana Skyrockets Past $200: Unveiling 3 Key Growth Drivers appeared first on BeInCrypto.
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The Block • Mar 18, 24
Spot bitcoin ETFs reach record highs for weekly inflows and trading volume
Weekly net inflows into U.S. spot bitcoin ETFs reached a record $2.57 billion last week. Trading volume also hit a record $35.1 billion.
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EWT/CAD (Canadian Dollar)
CA$3.16
EWT/JPY (Japanese Yen)
¥347.92
EWT/INR (Indian Rupee)
₹193.31
EWT/BRL (Real)
R$11.72
EWT/EUR (Euro)
€2.14
EWT/NGN (Nigerian Naira)
NGN 3,652.67
EWT/KRW (South Korean Won)
₩3,118.78