Schottz Tech

sábado, 3 de fevereiro de 2024

Important SHIB Burn Clarification Made by Shiba Inu Member

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In a recently published tweet, the admin of the “Shibarium Tech” channel on Telegram @RagnarShiba clarified the misunderstanding that arose among some parts of the global Shiba Inu army regarding the new Shibarium burn mechanism and the “New Era” in SHIB burns.

Some SHIB army members apparently misunderstood the article about this published in the recent Shiba Magazine edition, Ragnar believes.

Addressing this issue, the Shibarium admin quoted the article from the Shiba Magazine. It said that the new mechanism of SHIB burns began to be tested in January on Puppynet (the Shibarium testnet). Only after that will it be implemented on the mainnet, Ragnar emphasized.

Some clarification about the Shibarium Burn Mechanism. Many think it was going to be ready in January. Maybe there was a misunderstanding. It was explained at @TheShibmagazine .
In January the system began to be tested in our PuppyNet and it will be deployed in Mainnet once…

He shared an extract from that article so that the SHIB army could take a look at it once again in the tweet. The extract clearly states: “Starting in January, the mechanism will evolve into an automated system on Puppynet for testing purposes.” This is a transformative token-burning mechanism, the article explains, and its goal is to drastically reduce the circulating supply of SHIB tokens with the aim of increasing SHIB’s value and benefiting its ecosystem. In January, the burn mechanism will “evolve into an automated system” on Puppynet.

Automated SHIB burns will “operate based on predefined rules” and will make the whole process “more efficient and transparent.” Along with the tests of the new burn mechanism, the Shiba Inu developer team has transferred Shibarium (its testnet so far) from Ethereum’s Goerli network to Sepolia based on the same, the second largest blockchain platform.

'Rich Dad Poor Dad' Author Bitcoiner Predicts Stock Market Crash, Hold Tight

The Shibburn tracking platform has shared an update about the weekly burns conducted by the Shiba Inu community. Over the past seven days, the amount of Shiba Inu meme coins transferred to unspendable blockchain wallets and out of circulation for good totaled 230,000,431 SHIB. The increase in the burn rate itself, however, was minimal compared to the previous week — 12.18%.

HOURLY SHIB UPDATE$SHIB Price: $0.00000909 (1hr -0.38% ▼ | 24hr 0.32% ▲ )
Market Cap: $5,355,496,662 (0.20% ▲)
Total Supply: 589,291,739,506,789

TOKENS BURNT
Past 24Hrs: 8,933,042 (-92.28% ▼)
Past 7 Days: 230,000,431 (12.18% ▲)

Over the past 24 hours, the SHIB army disposed of 13,933,042 SHIB, with the burn rate plummeting by 87.96%. Shibburn has also reported that over the past month of January, the SHIB community succeeded in burning close to 10 billion SHIB meme coins.

Shiba Inu (SHIB) Surges 99% in Interesting Whale Activity Pickup

Dog-themed cryptocurrency Shiba Inu (SHIB) has skyrocketed 99% in an indicator that tracks whale activity.

Per IntoTheBlock data, SHIB is reporting a 99% increase in large transaction volume, an indicator that gives an idea of the total amount traded by whales on a given day.

A surge in large transaction volumes usually indicates high activity among whales, whether buying or selling. The large transaction volume reported in the last 24 hours was 973.25 billion SHIB, which is equivalent to $8.77 million in monetary terms.

Shiba Inu (SHIB) Skyrockets 1,173% as Whales Make Intriguing Move

Shiba Inu had seen a steep plunge in large transaction volume after reaching 20.2 billion SHIB on Jan. 24.

Failing to recover, Shiba Inu has sustained an unusually low whale transaction volume since this date, save for occasional spikes. One such was recorded in the last 24 hours, when the large transaction volume almost doubled.

Shiba Inu's large transaction volume grew from 490.5 billion SHIB on Feb. 1 to 973.25 billion SHIB on Feb. 2.

Shiba Inu temporarily jumped to a high of $0.00000967 on Jan. 30; however, bulls could not sustain the advance, and SHIB fell to a low of $0.00000878 days later.

In another attempt, bulls have picked up a rebound at the lows of $0.00000878, which is progressing steadily even until press time.

Shiba Inu is currently trading at $0.000009, up 0.38% in the past 24 hours. If SHIB closes higher today, it will have gained for the third day in a row. If bulls maintain their current momentum, the first sign of a breakout would be a sustained close above the daily MA 50 at $0.00000987.

Shiba Inu: Two Key Moves Might Delete Zero From SHIB Price

Meanwhile, Shiba Inu Layer 2 Shibarium continues to grow in its measures, presently hitting 330 million in total transactions.

According to the Shibariumscan explorer, Shibarium is seeing a mild uptick in daily transactions at 2.59 million, while total transactions are now at 330,618,267.

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.

Ripple Predicts Biggest 2024 Breakthrough for Decentralized Finance

In a recent insights report, Ripple highlights what might be the biggest breakthrough for decentralized finance (DeFi) in 2024: compliance.

Ripple and TRM Labs recently co-hosted a public-private roundtable with an exceptional mix of regulators and industry representatives at the Elevandi Insights Forum as part of the Singapore Fintech Festival.

Regulators and global finance leaders see a link between innovation and regulatory clarity.

Explore the benefits of a compliance-first crypto industry and learn how global collaboration and clear regulations drive innovation.https://t.co/9ralffwOMN

Participants suggested that decentralized finance may benefit from a common definition, increased data exchange across regulatory regimes and embedded compliance protocols through smart contracts.

Participants in the roundtable also agreed that the borderless nature of decentralized finance introduces the potential for regulatory arbitrage. Also, they agreed on the importance of practicing "compliance by design."

Ripple: Epic 2024 Forecast After SEC Lawsuit

Many experts foresee a breakout year for decentralized finance, fueled in part by the continuous tokenization of real-world assets and the mainstream adoption of blockchain and cryptocurrency.

Ripple highlighted that major governing bodies, such as the International Organization of Securities Commissions (IOSCO) and the Monetary Authority of Singapore (MAS), have already initiated preliminary discussions about decentralized finance.

Jurisdictions lacking cryptocurrency regulatory frameworks, such as the United States, are making headway, as seen in the Commodity Futures Trading Commission's (CFTC) Decentralized Finance report.

This auspicious start, according to Ripple President Monica Long, is one of the reasons why pioneering compliance for decentralized finance might be the largest breakthrough of 2024, extending blockchain applications in finance.

Ripple President Makes Big Statement on Crypto: Details

During the week, the AMM amendment, which adds automated market maker (AMM) capabilities to XRP Ledger, achieved a majority, a big DeFi milestone for the Layer 1 platform.

Cardano Records Four Million Transactions in Just Two Months

The Cardano blockchain has registered an impressive four million transactions over the past two months. The surge in transactions underscores the increasing activity and interest in the burgeoning network.

The Cardano ecosystem has experienced substantial growth recently, according to the recent data shared by IOHK.

In December and January alone, eight new projects were launched on the Cardano platform, with seventeen additional projects currently in development. This brings the total to 157 projects that have been launched and 1,320 in the pipeline.

Ripple Faces Major Bug in AMM Update; What You Need to Know

Technological progress is a critical driver of Cardano's growing traction. The number of token policies on Cardano increased by 13,109, with 480,000 new native tokens minted.

Moreover, the development of Plutus scripts, which enable smart contracts on Cardano, saw significant increases. Plutus V1 scripts grew by 81, totaling 6,332, while Plutus V2 scripts expanded by 13,091, reaching a new total of 17,718.

Cardano's infrastructure continues to strengthen with various performance improvements and the introduction of new features such as integerToByteString and byteStringToInteger bitwise operations, set to be included in the upcoming Plutus V3 after the Conway upgrade.

The Voltaire phase of Cardano's roadmap, which focuses on decentralized governance, is gaining momentum.

Meanwhile, Project Catalyst has transitioned into a new phase with the initiation of Fund11 voting.

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

Cardano (ADA) or Solana (SOL)? Analyst Dan Gambardello Shares His Take

Seasoned cryptocurrency entrepreneur and investor Dan Gambardello provides his followers with a fresh perspective on how mainstream altcoins can be compared to each other. While typically, the rivalry between "armies" on X is savage, he invites crypto enthusiasts to ditch tribalism.

Cardano (ADA), the second largest proof-of-stake (PoS) network, is superior to Solana (SOL) in terms of both security and decentralization. At the same time, the Cardano (ADA) ecosystem might be "a little slower in delivering things" compared to other L1s.

Cardano & Solana...here are my thoughts after using Solana.

I want to start by saying the key here is to find what really interests you and where you feel comfortable and just roll with that.

Ditch the tribalism and you 10x your chance of success in crypto.

Don’t hate on…

Such statements Gambardello shared with his 250,000 followers on X (formerly Twitter) after experimenting with the Solana (SOL) blockchain.

He added that "more hype" and bigger trading volume he witnessed on Solana (SOL) cannot change his opinion about Cardano (ADA) as a more advanced blockchain.

At the same time, he stressed that he might be supporting some projects within the Solana (SOL) ecosystem in the coming rally:

I have zero negativity against Solana. I'm always rooting for SOL holders, and I’m sure I’ll be hopping into some plays over there during the bull run

Finally, Gambardello slammed crypto tribalism, i.e., the concept of considering this or that cryptocurrency the only promising one. He highlighted that long-term holders of Bitcoin (BTC) and major altcoins "will win," so enthusiasts should just "root for each other" and have fun.

Solana (SOL) is the best performer out of all large-cap altcoins in 2023. In November-December, it witnessed a meme coin frenzy and airdrop farmers' euphoria.

On Dec. 15, 2023, Solana's (SOL) largest meme coin Bonk (BONK) saw its capitalization jump to almost $1.6 billion.

The Solana (SOL) price added 6.7% in the last 24 hours. Its market cap needs less than a 10% increase to surpass that of Binance Coin (BNB), the third-largest asset excluding USDT.

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Meme Coin BITCOIN Price Skyrockets After Vitalik Buterin Apologizes

In a surprising turn of events today, the price of meme cryptocurrency BITCOIN experienced an extraordinary surge, reaching almost 50%, following Ethereum founder Vitalik Buterin's public apology. The unprecedented rise came after Buterin admitted to a misunderstanding in one of his essays, where he had previously referred to the meme coin as a scam attempting to impersonate the real Bitcoin.

Ethereum’s Vitalik Buterin Makes Hilarious AI Joke

The controversy surrounding Buterin's remarks took an unexpected twist when a passionate crypto enthusiast reached out to him, shedding light on the true nature of the meme coin. Contrary to Buterin's initial assessment, the enthusiast clarified that BITCOIN is not a scam but a legitimate asset with its own dedicated community. As a testament to their commitment, the BITCOIN community shared heartwarming stories of their charitable endeavors, including the construction of wells in Nigeria and the provision of uniforms and equipment to children's soccer teams.

Fixed! pic.twitter.com/zMCmhYNRMf

The community's efforts caught Buterin's attention, prompting him to reevaluate his stance on the meme coin. In a subsequent post, Buterin not only corrected his earlier comments but also issued a formal apology for any confusion caused.

BITCOIN, which first appeared on the crypto scene in May 2023, distinguishes itself by its lack of underlying technology, instead relying on the strength and unity of its community.

Despite its lengthy name, the meme coin aims to democratize ownership of a full-fledged BITCOIN, making it accessible to individuals during times when the original Bitcoin's price is prohibitively high for the average person.

Bitcoin (BTC) Price Just Recorded This Bullish Pattern

As the crypto market continues to witness unexpected twists and turns, the BITCOIN community's resilience and Buterin's public reversal have undoubtedly fueled the remarkable surge in the meme coin's price.

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.

Ancient Ethereum Whale Suddenly Awakens After 9 Years

A mysterious Ethereum wallet that had been inactive for nearly nine years has suddenly come back to life. Crypto data tracker Whale Alert reported in recent hours that a dormant premine address containing 492 ETH, currently worth $1,139,052, has just been activated after 8.5 years.

Its owner most likely purchased the tokens during Ethereum's ICO, when each ETH was worth approximately 31 cents.

💤 A dormant pre-mine address containing 492 #ETH (1,139,052 USD) has just been activated after 8.5 years!https://t.co/QI9hYG7GbD

However, the wallet remained dormant for the next eight and a half years, never sending or receiving any transactions. This prompts interest and conjecture as it brings up the question of who held the wallet and why it was never used.

Dormant Ethereum (ETH) Address Wakes up From Eight Years of Inactivity

Dormant wallets containing significant amounts of cryptocurrency can awaken for a variety of reasons. Sometimes, dormant wallets resurface after being hacked. Other times, it is just because the owner forgot about it and, upon reawakening, felt that the present moment could be a good time to sell.

According to CoinMarketCap data, ETH has increased by 2.03% in the last 24 hours to $2,314.

In the weeks preceding the spot Bitcoin ETF approval, Ether pricing reached fresh highs above $2,700 but then fell along with the rest of the market. In a stunning reversal, the Ethereum price intends to kickstart a rebound that might be powered by increasing network activity.

Ethereum (ETH) Network Explodes With 484,000 Interacting Addresses

As previously reported, Ethereum is experiencing a large increase in network activity. According to data from on-chain analytics firm Santiment, Ethereum is seeing 101,000 new ETH addresses created per day, with 484,000 unique addresses interacting with the blockchain, and network activity is roughly 30% higher than it was 90 days ago.

This means that more people are transacting on the network, utilizing smart contracts and developing decentralized apps (dApps).