• Allegations of plagiarism and FUD regarding Shiba Inu (SHIB) ecosystem, including the $BONE and $LEASH tokens.
• Whale liquidated over $5 million in $BONE due to the bad review.
• SHIB price is up approximately 3.3 percent in the past 24 hours despite the FUD.
Shiba Inu Plagiarism Controversy
Yesterday’s Shiba Inu bad review resulted in a whale staking and liquidating over $5 million in $BONE, according to onchain analysis. This sparked a wave of allegations that Shibarium layer two developers copied source code from Firechain and Rinia testnet developer Krypstein (@MrDonGG). The team has since refuted these claims, noting that their code would have been open-sourced and free if they had done so.
Krypstein Addresses Allegations
KRYPSTEIN (@MrDonGG), the Firechain and Rinia testnet developer, refuted claims that Shibarium developers stole or cloned his code. „My code would’ve been open-sourced and free,“ KRYPSTEIN noted. „That wouldn’t have been a problem if they did. Everything I create or fork is open source and free to use.“
Shytoshi Kusama Responds
The FUD was also crashed by Shiba Inu’s lead developer Shytoshi Kusama who indicated that the team has been working on crucial updates to help launch the Shibarium layer 2 scaling solution on time.
BitBoy Threatens Doxxing
The recent Shiba Inu plagiarism scandal attracted famous YouTuber Ben Armstrong’s (@BitBoy) attention. Notably, BitBoy threatened to dox the real Shytoshi Kusama’s identity following the plagiarism allegations.
SHIB Price Remains Bullish
Despite all this controversy, Shiba Inu’s price is up approximately 3.3 percent in the past 24 hours to trade around $0.00001089 on Friday – signaling its resilience amidst FUD from external sources . The SHIB ecosystem continues to thrive as it looks forward to launching its mainnet with crucial updates from their development team soon enough!
• Cardano is partnering with the United Nations High Commissioner for Refugees (UNHCR) to launch a charity stake pool.
• The pool will be operated as a non-custodial program which allows ADA holders to support the commission’s efforts.
• Crypto donations like Cardano and Binance are helping UNHCR receive a continuous stream of funds for its various initiatives.
Cardano Partners With UNHCR
The Cardano Foundation has partnered with the United Nations High Commissioner for Refugees (UNHCR) to float a way for ADA holders to support the commission’s efforts. A self-sustaining charity stake pool will be created so that prospective donors can commit their ADA tokens and help in supporting the work of the agency. This move shows how crypto and digital assets can be drafted for social good.
Non Custodial Program
The pool will be operated as a non-custodial program which allows ADA holders to support the commission’s efforts without hassle. There is no limit on how much ADA can be donated, however, the Cardano Foundation alongside the Switzerland Government has delegated a total of 3.5 million ADA coins to the pool which will be operated by Taurus, a Swiss-based digital asset infrastructure provider.
Crypto Donations For Social Good
Cryptocurrencies are being used more and more often for donations, with many projects pushing for related social goods but Cardano remains one of the forerunners in this regard. When Ukraine was at war last year, hundreds of millions of crypto donations were sent including from Cardano and Binance who sent $10 million in funding plus additional funds through BUSD.
Continuous Stream Of Funds To Support Initiatives
By donating crypto, supporters are helping UNHCR receive a continuous stream of funds which can power its humanitarian effort initiatives – making it an overall win-win situation where you’re able to contribute towards something good while also receiving benefits from staking your ADA token.
Conclusion
This latest move by Cardana further highlights just how valuable cryptocurrencies are when it comes to aiding humanitarian efforts worldwide – whether it’s providing ongoing financial support or responding quickly during times of crisis or conflict..
TRON Announces Its First Official A.I. Partnership with Oraichain
- Tron network and BitTorrent have reached their first AI partnership.
- The Tron Foundation has announced its first official artificial intelligence (AI) partnership with Oraichain.
- Through the partnership, Oraichain will add TRC20 token compatibility to OraiBridge.
About the Partnership
The Tron foundation has announced its first official artificial intelligence (AI) partnership with Oraichain, a public blockchain that enables smart contracts to request data from AI APIs alongside user-created data requests. Through this partnership, TRON and Oraichain will work together to foster a community of developers, investors, and enthusiasts who are passionate about the potential of blockchain and AI. With the goal of expanding smart contract functionality and innovating new use cases, they will also provide education and support for all participants.
Benefits of the Partnership
This partnership between Tron and Oraichain brings numerous benefits to users on both networks. The most notable benefit is that it allows for simple and secure transfer of assets between two blockchains due to the addition of TRC20 token compatibility to OraiBridge by Oraichain. This means that transactions can be processed faster on the Tron network, thus expanding its global use case further. Additionally, this opens up new asset pairs on OraiDEX as well as opportunities for cross-chain DeFi projects.
Expected Outcomes
Through this collaboration between Tron and Oraichain, both parties expect an increase in usage of blockchain technology across different sectors such as finance, healthcare, logistics etc., due to increased efficiency enabled by AI integration with blockchain technology. Furthermore, this could revolutionise cryptocurrency trading industry through automated trades being executed faster on the platform than ever before.
Conclusion
The Tron Foundation’s official A.I partnership with Oraichain marks an important milestone in terms of pushing forward innovation in blockchain technology through AI integration. This collaboration brings forth numerous benefits such as allowing for simple & secure asset transfers between two blockchains as well as opening up exciting new opportunities for DeFi projects across chains . In conclusion , this partnership is expected to bring about greater adoption & usage of blockchain technology across various sectors due to increased efficiency enabled by AI integration .• SiGMA Eurasia is hosting its third supreme event in Dubai on March 13-16, 2023 at the InterContinental Festival Arena.
• The expo will feature notable speakers such as Jordan Belfort and Gary Vee and provide attendees with opportunities to network with professionals in various industries, learn about the latest technology and innovations, and connect with key decision-makers.
• There will be a Startup Village where delegates can evaluate new market players, plus three startup pitches where business owners can present their ideas to a panel of experts.
SiGMA Eurasia: Third Supreme Event
SiGMA Eurasia will be hosting its third supreme event from March 13-16, 2023 at the InterContinental Festival Arena in Dubai. This event provides attendees with ample opportunities for networking, learning about new technology and innovation, connecting with key decision-makers, gaining knowledge about new markets, and more.
Keynote Speakers
Notable keynote speakers include serial entrepreneur and investor Gary Vee as well as Jordan Belfort (also known as The Wolf of Wall Street). These speakers will address audiences on three stages throughout the event. Furthermore, there will be nightly networking drinks and dinners where people can meet each other to build professional relationships. The closing celebration is also a must-attend event that promises an amazing experience filled with fun activities.
Startup Village & Pitches
The SiGMA Eurasia Dubai expo also features a Startup Village where delegates can discover emerging businesses or evaluate new market players. Additionally, there will be three startup pitches where entrepreneurs can present their ideas to a panel of experts.
CPA Club International Forum
Prior to the commencement of the main expo event, CPA Club International forum has teamed up with SiGMA for hosting a meetup featuring Jordan Belfort himself as one of the speakers at this session. All attendees are welcome to attend this meetup for networking opportunities along with senior government officials and leading experts in their respective fields from all over the world including Gary Vee himself who will be speaking at three different stages during the course of this expo event.
Gala Awards & Support
The Gala Awards is another sought-after feature that aims to support SiGMA Foundation which further benefits educational institutions across Africa through donations made by generous sponsors who have partnered up for this special occasion at SiGMA Eurasia Expo in Dubai 20203 edition.
Cardano Price Rally and Whale Activity
• Cardano (ADA) price has increased by 45% since the beginning of 2023, currently trading at $0.3565.
• Daily whale transactions on the Cardano blockchain network have jumped from 300 transactions per day in January to 1700 per day in February.
• Sharks and whales have accumulated 659.53M ADA coins, equivalent to $235.5M, since the collapse of FTX exchange.
Dormant Coins and Decreasing Active Addresses
The total number of dormant coins on the Cardano blockchain has been increasing, with an average amount of time coins sit in an address ballooning from 267 days to 407 days over the past six months. Additionally, the total number of daily active addresses on Cardano has decreased from 85,000 in November 2022 to 62,000 addresses per day now.
COTI Network Adds Multi-Wallet Support for Djed Stablecoin
COTI Network recently announced that it is adding multi-wallet support for Djed stablecoin which will be supported by wallets such as Flint, GeroWallet, Typhon Wallet, Yeroi Wallet, and NuFi. As a result of this move by COTI Network Djed can become more widely adopted in the broader crypto landscape.
Will ADA Price Explode?
With strong whale activity and multi-wallet support for Djed stablecoin being added by COTI Network investors are wondering if ADA’s price will explode or not? While these developments appear bullish for investors they also need to keep an eye out for other on-chain metrics such as total number of dormant coins and decreasing active addresses before making any investment decisions.
Conclusion
Cardano (ADA) has seen an impressive rally in its price since January 2023 with strong whale activity fuelling it further up. On-chain metrics such as total number of dormant coins and decreasing active addresses need to be monitored closely before making any investment decisions. Meanwhile COTI Network has added multi-wallet support for Djed stablecoin which could potentially boost its adoption rate going forward into 2023.
• LBank Co-Founder Johnason Chan believes a new wave of low-cap altcoins and mid-cap cryptos signify a potential bull market.
• These tokens have seen impressive rallies in their prices, such as Aptos (APT) which increased by 380%, Floki (FLOKI) which rose by 200%, and Highstreet (HIGH) whose price rose 336%.
• Factors driving the bullish sentiment such as Jerome Powell’s indications of possible ‘disinflation’ and the upcoming Bitcoin halving may further contribute to the surge of these assets.
Emerging Bull Market
LBank Co-Founder Johnason Chan believes that a new wave of low-cap altcoins and mid-cap cryptos signals the potential for a bull market in the crypto space. The price of Aptos (APT), native token of layer 1 blockchain Aptos, increased by 380% in 30 days, while Dogecoin spin off FLOKI saw its price jump by more than 200% during this same time period. Metaverse gaming coin HIGH recorded an impressive 336% rally.
Driving Factors
The bullish sentiment is being further driven by factors such as Fed chair Jerome Powell’s indications on possible ‚disinflation‘ and the upcoming Bitcoin halving taking place in 400 days. These developments are likely to attract even more investment into crypto markets going into Q2 2023.
LBank Overview
LBank is one of top crypto exchanges established in 2015 with over 7 million users from more than 210 regions across the world. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. LBank ensures the integrity of users‘ funds and aims to contribute towards global adoption of cryptocurrencies through cutting edge growing platforms.
Star Tokens
The wealth creation stemming from these tokens has attracted attention from investors all around, who now have their eyes set on emerging stars in the altcoin market like FLOKI or HIGH that have seen tremendous performance since their listing at LBank exchange platform.
Conclusion
Johnason Chan concludes that traders should take note of these promising tokens that signal bullish sentiment returning to crypto markets: „Following hints from Jerome Powell on possible ‚disinflation,‘ we believe investors should pay close attention to these tokens as they might be indicative of a larger bull run.“
Bulletpoints:
-Lead developer Shytoshi Kusama confirms billions of SHIB coins will be burned with the release of the Layer 2 platform Shibarium.
-The Shiba Inu community eagerly awaits the launch of the Shibarium Beta.
-Whale Alert recently detected a single transfer of 3,312,307,240,798 Shiba Inu meme coins.
The Shiba Inu (SHIB) community is eagerly awaiting the launch of its Layer-2 scalability network Shibarium, with the lead developer Shytoshi Kusama recently confirming on discord that trillions of SHIB coins will be reportedly burnt with the release of the platform. As the crypto tracking platform Whale Alert recently detected a single transfer of 3,312,307,240,798 Shiba Inu meme coins, the Shiba Inu community is hopeful that the burn rate of the memecoin will increase with the release of the Shibarium.
Currently, Shiba Inu (SHIB) has been exchanging hands at $0.00001153 and is 0.43 percent down. The one thing that’s holding up Shiba Inu from performing well is the massive supply and the decline in the burn rate of the memecoin. However, with the upcoming launch of Shibarium, things are looking up for the Shiba Inu community.
The beta launch of Shibarium has been teased quite a few times recently and is expected very soon. On Thursday, the SHIB price rallied by 4 percet, however, fails to continue the momentum. The dog-themed crypto is still trading down from last week’s high of $0.00001273 when the SHIB price had jumped 20 percent in a day.
With the confirmation of the lead developer, the Shiba Inu community is expecting the burn rate to increase and the SHIB price to reach and even exceed the previous high of $0.00001273 and some even speculate that the SHIB price could reach as high as $0.01. Only time will tell how the SHIB price will behave and the Shiba Inu community is excited to see the impact of the Shibarium launch on the SHIB price.
Follow us for the latest crypto news and updates on the Shibarium launch and its effects on the SHIB price.
• FTX CEO John J. Ray III is attempting to reboot the crypto exchange after it filed for bankruptcy.
• The exchange has recovered assets worth approximately $5 billion, including over $700 million in Solana (SOL).
• There is still a hole of over $415 million caused by FTX hackers hours before filing for bankruptcy.
FTX, a cryptocurrency exchange that filed for bankruptcy in January 2023, is attempting to reboot under new CEO John J. Ray III. Ray has formed a task force to explore the matter and believes the company could gain more value by rebooting than liquidating all the assets. The exchange has recovered assets worth approximately $5 billion, including over $700 million in Solana (SOL). However, Ray is convinced several FTX wallets are missing and may never be recovered, complicating the process of reimbursing customers‘ and creditors‘ capitals.
The collapse of FTX has had a ripple effect on other crypto firms, such as BlockFi, Gemini’s Earn Program, and DCG’s Genesis Trading, which just filed for bankruptcy under chapter 11. Furthermore, FTX customers and creditors are facing nasty allegations, with SBF claiming that FTX US was solvent even before filing for bankruptcy. SBF noted in a recent post that FTX US had at least $111 million, and likely around $400 million, of excess cash on top of what was required to match customer balances.
Unfortunately, there is still a hole of over $415 million caused by FTX hackers hours before filing for bankruptcy. SBF has provided his side of the story regarding FTX assets claiming Sullivan & Cromwell (S&C) gave some misleading information. With the reputation of FTX already damaged on the international stage, creditors may not have the time to wait for the exchange to reboot, making the process of restoring customer faith and recovering lost funds an uphill battle.
• Meta Masters Guild (MEMAG) is a new mobile gaming guild developing a high-quality gaming ecosystem that rewards community members for their victories and participation.
• Investors have the opportunity to purchase $MEMAG tokens during the first stage of the presale at $0.007.
• The ecosystem aims to provide gamers with an entertaining experience while allowing them to earn rewards tokens that can be converted into other altcoins or reinvested into the ecosystem.
Meta Masters Guild is a revolutionary new mobile gaming guild that has launched an exciting presale for its native token $MEMAG. This ecosystem is designed to provide an entertaining gaming experience for players, while also allowing them to earn rewards for their participation and victories. The presale has been set up to give early investors the opportunity to purchase the tokens at $0.007.
Meta Masters Guild has a total supply of 1 billion tokens, with 35% of those tokens allocated to the presale. Only 10% of the tokens are set aside for exchange liquidity. This gives investors more access to the tokens during the presale. The tokens can be used to purchase in-game rewards, known as Gems. These Gems can be converted into $MEMAG tokens and then cashed out into the best altcoins, such as Ethereum, or reinvested into the ecosystem.
The ecosystem is designed to optimize gamers’ engagement, which is beneficial to both the gamer and the ecosystem. Gamers can earn more rewards tokens by playing the games for extended periods. This helps to create a more sustainable gaming experience for everyone. Players own all of the in-game assets that they receive as rewards. Reinvesting options include using the tokens to purchase in-game items or upgrades, or to bet on tournaments or games.
Meta Masters Guild is making it easy for gamers to earn rewards for simply playing the games that they enjoy. This innovative ecosystem is hoping to change the way people view play-to-earn games, by providing an entertaining experience that will keep gamers coming back to the platform. With the presale underway, investors have the opportunity to get involved and benefit from the value of the ecosystem.
• Javier Milei, one of Argentina’s top presidential candidates, argued that Bitcoin prevents politicians from robbing citizens through inflationary tax.
• Milei argued that Bitcoin represents the return of money to its original creator, the private sector.
• A recent poll by Synopsis shows that Milei ranks third among the leading presidential hopefuls.
Javier Milei, the eccentric economist and one of the top Argentinian presidential candidates, recently argued in an interview with local media that Bitcoin prevents politicians from robbing the citizens. He argued that the central bank is a scam, and that paper money is a private invention introduced by central banks to solve the problems in the bartering economy. He stated that paper money also solved the issue of portability as there were different currencies, such as linen, wheat, and salt.
Milei went on to explain that over time, authorities made paper money become legal tender, which allowed politicians to scam people under the guise of an inflationary tax. This is why he believes that Bitcoin is the return of money to its original creator, the private sector.
Milei’s comments come at a time when a recent presidential poll by Synopsis, a political consultancy firm, shows that he ranks third among the leading presidential hopefuls, with the Juntos Per El Cambio alliance and Frente De Todos ahead of him. Milei is confident that his stance on Bitcoin, as well as his views on other economic issues, will help him gain more support from the public in the run-up to the presidential elections.
In conclusion, Milei’s comments about Bitcoin being a way to prevent politicians from robbing citizens through inflationary tax has resonated with many Argentinians, and it will likely help him gain more support in the upcoming presidential elections. It remains to be seen if his views on Bitcoin, as well as his views on other economic issues, will be enough to secure him a win in the elections.