Monat: Januar 2023
-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.
• Chainlink enabled $6.9 trillion in transaction value in 2022 and launched staking features for NFTs and DeFi.
• Chainlink’s Data Feeds expanded across different blockchains and Layer 2s and the oracle service provider launched NFT Floor Price Feeds and the CF #Bitcoin Interest Rate Curve.
• Chainlink’s Proof of Reserve services gained traction with leading stablecoins, blockchain bridges, and wrapped tokens for offering transparency around the reserves.
The Chainlink ecosystem had a remarkable year in 2022, driven by its BUILD and SCALE initiatives. It enabled a total of $6.9 trillion in transaction value and launched staking features for NFTs and DeFi protocols. With these advances, the oracle service provider helped to accelerate growth in early-stage Web3 blockchains and dApps.
Chainlink also expanded its Data Feeds across different blockchains and Layer 2s, including support for the non-EVM chain Solana. To further empower NFT and DeFi builders, the oracle service provider launched NFT Floor Price Feeds and the CF #Bitcoin Interest Rate Curve. This enabled builders to unlock new markets.
With the collapse of the crypto exchange FTX, the crypto industry began to demand Proof-of-Reserves. Chainlink noted that its Proof of Reserve services were popular among leading stablecoins, blockchain bridges, and wrapped tokens for offering transparency around the reserves to back new on-chain assets.
Overall, Chainlink achieved several major milestones in 2022 and is growing to meet global demand for oracle services. It is expected that Chainlink will continue to innovate in the coming year and further expand its support for various projects and developers.