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About UFI

What is PureFi Protocol (UFI)PureFi Protocol allows dApps to fully comply with local and global regulations while preserving decentralization and user anonymity.Developed by AMLBot in partnership with Hacken Foundation to provide a full-cycle solution for crypto asset analytics and AML/KYC procedures for the Web3 infrastructure.

PureFi Protocol (UFI) is a cryptocurrency launched in 2021. UFI has a current supply of 100.00M with 58.42M in circulation. The last known price of UFI is 0.061287977693 USD and is -0.013625896168 over the last 24 hours. It is currently trading on active market(s) with $116,537.07 traded over the last 24 hours. More information can be found at https://purefi.io.

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UFI Price Statistics
UFI’s Price Today
24h Price Change
-$0.01362589616818.19%
24h Volume
$116,537.07111.85%
24h Low / 24h High
$0 / $0
Volume / Market Cap
0.03254664418
Market Dominance
0.00%
Market Rank
#1737
UFI Market Cap
Market Cap
$3.58M
Fully Diluted Market Cap
$6.13M
UFI Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
UFI Supply
Circulating Supply
58.42M
Total Supply
100.00M
Max Supply
100.00M
Updated Dec 08, 2024 8:36 am
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UFI
PureFi Protocol
$0.061287977693
$0.013625896168(-18.19%)
Mkt Cap $3.58M
There's nothing here for now
Former Silvergate CTO says bank was 'stabbed in the back' by regulators in 2023
Former Silvergate CTO says bank was 'stabbed in the back' by regulators in 2023
Chris Lane, former CTO of Silvergate Bank, published a “personal view” on the bank’s closure on X, accusing regulators of “baiting and switching” on a bank that was once favored by many in the crypto industry. Silvergate Bank voluntarily closed and liquidated in March 2023 as part of a regional banking crisis sweeping the United States, which led to the collapse of three mid-sized banks (Silvergate, Silicon Valley Bank, and Signature Bank) in just five days. In a filing with the U.S. SEC at the time, the company stated: “Given recent industry and regulatory developments, Silvergate believes that an orderly closure of banking operations and voluntary liquidation of the bank is the best path forward.” However, since the bank’s closure, multiple executives have explicitly blamed regulators for a sudden shift that ultimately prevented Silvergate Bank from continuing its digital asset-centric business model. “Silvergate became the object of its services to cryptocurrency clients, a strategic vertical we had focused on since 2013,” Lane wrote. “Regulators stepped in sometime in the spring of 2023 and severely limited the amount of USD deposits we could hold for digital asset clients, directly impacting our entire business model.” Several influential figures in Washington blamed the turmoil in the cryptocurrency industry, especially after the collapse of FTX, for sparking the collapse of Silvergate, which had provided some banking services to the exchange, which filed for bankruptcy in November 2022. “As the go-to bank for cryptocurrency, the collapse of Silvergate Bank is disappointing, but predictable,” U.S. Senator Elizabeth Warren wrote on X when Silvergate collapsed. “I warned that Silvergate’s behavior was dangerous and even illegal, and found serious due diligence lapses. Now, customers must be compensated for their losses, and regulators should strengthen their oversight of cryptocurrency risks.” However, Lane defended Silvergate’s solvency after the collapse of FTX in his post, “Our business was not perfect, and we did provide banking services to FTX, as did many other banks. But Silvergate was solvent, and Liquid (I believe) was stabbed in the back by our regulators.” Some figures in the crypto space claim that the coordinated actions taken by regulators to restrict the digital asset industry’s access to U.S. banks can be considered “Operation Choke Point 2.0,” an evolution of a 2013 Department of Justice initiative to investigate banks that provided services to certain high-risk or suspicious financial businesses, such as payday loan companies. (The Block) Yesterday, David Sacks, the incoming AI and "crypto czar" of the Trump administration, said that "there are too many stories about people being harmed by Operation Choke Point 2.0" and said the so-called move "needs to be reviewed."
Dec 08, 2024 8:19 am

Frequently Asked Questions

  • What is the all-time high price of PureFi Protocol (UFI)?

    The all-time high of UFI was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of PureFi Protocol (UFI) is 0. The current price of UFI is down 0% from its all-time high.

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  • How much PureFi Protocol (UFI) is there in circulation?

    As of , there is currently 58.42M UFI in circulation. UFI has a maximum supply of 100.00M.

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  • What is the market cap of PureFi Protocol (UFI)?

    The current market cap of UFI is 3.58M. It is calculated by multiplying the current supply of UFI by its real-time market price of 0.061287977693.

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  • What is the all-time low price of PureFi Protocol (UFI)?

    The all-time low of UFI was 0 , from which the coin is now up 0%. The all-time low price of PureFi Protocol (UFI) is 0. The current price of UFI is up 0% from its all-time low.

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  • Is PureFi Protocol (UFI) a good investment?

    PureFi Protocol (UFI) has a market capitalization of $3.58M and is ranked #1737 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze PureFi Protocol (UFI) price trends and patterns to find the best time to purchase UFI.

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