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TON jumped by 14% again in one day
As of September 13, 2023, Toncoin (TON) has significantly outpaced other cryptocurrencies from the Top 100 list in terms of price growth over the past 24 hours. Over the past day, the figure increased by 14.3% and reached $1.93. This allowed the virtual currency to remain in the top 11 of the rating, and the total TON supply volume was fixed at $6.61 billion.
Over the past 30 days, this value has already increased by 39.8%. Toncoin's daily trading volume amounted to $57.96 million, with the over all cryptocurrency market growth rate of only 0.4%. The total supply of digital coins and tokens has reached 1.30 trillion dollars. The Bitcoin Greed and Fear Index was recorded at 34, which means that traders are afraid.
Compound, the decentralized finance (Defi) platform's native token, has performed well overthe past 24 hours, rising 11.07% to settle at $40.2 , pushing the digital currency up 89 - 1st place in the list of the best with a market capitalization of 314 .68 million dollars. The daily trading volume carried out by traders amounted to 47.3 million dollars.
In addition, the VeChain cryptocurrency ($VET) showed good results. Its value increased by almost 8% and reached $ 0.016. The total capital of the project ammounted to $1.17 billion, and its best position in the ranking was 37th. The daily trading volume amounted to $130.54 million.
The main loser of the previous day was Stellar ($XLM). This cryptocurrency occupied the first 20 positions. At the same time its market price during the reporting period decreased by 8.05%. The digital asset was available for purchase at a price of $0.119. The total supply of coins on the market amounted to $3.92 billion with a daily trading volume of $1.37 billion.
#ContentStar# #BountyCreator# #GateioBountyCreator# #NewsMessenger# #GateLive# #contentstar# #MyFancyCreator# #HotTopicDiscussion# Sony has announced plans to create its own blockchain.
Sony, Japan's largest giant in video games, consumer technology and even banking, has invested $3.5 million in Startale Labs, a blockchain developer in Japan.
The investment is direct and there are no other backers in the round, Sota Watanabe, CEO of Startale, told Fortune. He declined to provide the company's estimated valuation.
“We are already collaborating with Startale Labs to jointly organize incubation programs aimed at promoting the development of Web3,” Sota Watanabe, president and CEO of Sony's Internet division, said in a statement.
“Through this partnership, we combine the knowledge and technical capabilities of Startale Labs at Web3 with the expertise and business areas accumulated by Sony Network Communications.”
According to the investment agreement, Sony's Sota Watanabe will also be named director of Startale.
Sony's capital injection into Web3 comes as the blockchain industry's center of gravity looks beyond Silicon Valley to Asia-Pacific markets, given ongoing regulatory uncertainty in the US amid the federal government's recent crackdown on cryptocurrencies.
Hong Kong and Singapore have emerged as crypto hubs, and even Japan's ruling party has spoken favorably of Web3 and is seeking to position the country as an industry hub.
“The US government is hesitant to make cryptocurrency available for use. Regulation is becoming increasingly stringent,” Sota Watanabe told Fortune. “China, Singapore, Japan and Korea see this as an opportunity for them to break through.”
The Astar network, “the most famous layer 1 blockchain in Japan,” says Watanabe, is a POS blockchain, like Ethereum. However, developers can be paid in the ASTR network's native token if the Astar community deems their app legitimate and useful.
Watanabe is one of the core developers of the Astar Network, a layer 1 blockchain built on top of Polkadot, a protocol connecting blockchains.
What’s interesting is that, at its core, web3 is now the main direction of Internet development, and the idea implies that control over data moves from technology corporations to each individual individual. Compared to Web1 and Web2, Web3 (or Semantic Web) pays great attention to decentralization.
But it is precisely those same world’s largest telecommunications and financial corporations who invest the largest funds in the development of applications in web3.
#GateioBountyCreator# #NewsMessenger# #HotTopicDiscussion# #ContentStar# #Gateio# #GateLive# #BountyCreator# #MyFancyCreator# #ContentMining# 
