Schottz Tech

terça-feira, 25 de julho de 2023

Cardano Founder Reacts to Epic NFT Sale Costing 63,000 ADA

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The Cardano ecosystem is seeing remarkable demand for its non-fungible tokens (NFTs), which might have partly led to some of its NFT collections being sold at noteworthy prices.

Notably, the demand for Cardano Apes has been sustained, driving prices higher. A Twitter user drew attention to this fact, reporting that a Cardano Ape NFT just sold for 63,000 ADA, valued at nearly 20,000 U.S. dollars.

The Twitter user went on to ask for thoughts about the sale. The tweet caught the attention of Cardano founder Charles Hoskinson, who reacted with a GIF image that might suggest someone exploding with excitement.

pic.twitter.com/qLIPxmcjfn

Another interpretation of the GIF image might be to infer that the sale was an "explosive" one. Whichever it may be, the Cardano founder's intent remains unknown.

Cardano Founder Gives Update on Network Rollup Strategy

The Ape Society, Cardano's largest NFT project, saw strong user demand last December, resulting in its floor price setting highs of 10,000 ADA. Ape Society has the highest Collection Share by Volume, accounting for 24.64% over the past 24 hours, according to CNFT data.

Not only is Cardano thriving in its NFT sales, according to Messari's Layer 1 Q2, 2023, comparison report, but Cardano also dominated Q2, 2023, DeFi growth, leading in TVL, stablecoin market cap and DEX volume among the featured Layer 1 despite a 27% QoQ decrease in ADA's price.

Mithril, a stake-based signature scheme and a protocol that improves the speed and efficiency of nodes' syncing times, is nearing its mainnet release. The Mithril network is now being tested in preview and preproduction testing environments and will soon be available as a beta version on the mainnet.

Cardano Mithril Innovation Nears Final Milestones Ahead of Mainnet Debut

Mithril's roadmap contains the following releases: Mithril beta, which is a mainnet protocol launched with a group of volunteer SPOs who assist with testing and prototyping; Mithril MVP (2023) is an incentivized protocol with additional features to support basic use cases, such as fast bootstrapping and secure light wallets; and, lastly, Mithril (2024), a fully decentralized and self-sustaining Mithril ecosystem.

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.

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Ryanair to Parody Musk: Bitcoin Doesn't Fly Here

Ryanair, Europe's largest airline that is known for its unapologetic and humorous social media presence, responded to a parody account of Elon Musk, stating that they do not accept Bitcoin.

The parody account had earlier tweeted a mock offer to buy the @x Twitter account for a large sum of money following the real Elon Musk's recent renaming of Twitter to X.

Ryanair's response is in line with its established social media strategy, which, as reported by The Washington Post, aims to make the airline the "most talked about brand on social media."

The strategy, led by Michael Corcoran, the airline's head of social media, involves a mix of humor, sarcasm and a deliberate departure from the traditional corporate voice.

The airline's social media team is known for its quick-witted responses and engagement with current trends, often resulting in viral posts that garner millions of views.

SHIB, DOGE, BTC Now Accepted by Major European Low-Cost Airline

This is not the first time Ryanair has engaged with the topic of cryptocurrency on social media. Ryanair has mocked Musk and other "crypto bros" following a significant drop in cryptocurrency prices.

Last year, the airline posted a tweet comparing a picture of the "Tinder Swindler" Simon Leviev in a private jet to one edited into a Ryanair seat, with the caption "Crypto bros yesterday vs. Crypto bros today."

Ryanair's stance on Bitcoin aligns with that of its CEO Michael O'Leary, who is known for his bearish views on the cryptocurrency.

As reported by U.Today, O'Leary stated that he would never invest in Bitcoin, comparing it to a Ponzi scheme and advising people to avoid it "like a plague" back in 2020.

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.

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Burning Crypto: Basics of Deflation Concept and ElmoERC Burn Portal Role

Launched in 2023, ElmoERC Burn Portal is an impressive example of how burning crypto works and helps entrepreneurs to make the tokenomical designs of their Web3 projects healthier and more attractive.

Burning crypto is a deliberate process of permanently removing tokens from circulation. Unlike traditional banking systems that can mint new currency at will, cryptocurrencies operate on fixed and predetermined supplies.

Burning serves as a counterbalance to inflation, ensuring that the token's total supply decreases over time. As a result, the remaining tokens become scarcer, potentially driving up their value in the market.

Burning crypto can be achieved through various methods, each tailored to a project's specific goals and requirements. The process often involves sending tokens to a specific address, known as the “burn address” or “dead wallet.”

Once sent to this address, the tokens become inaccessible, effectively taken out of circulation.

The burning mechanism serves multiple purposes, each contributing to the project's overall ecosystem and potential value:

As such, token burn schemes make cryptocurrency tokenomics more efficient and protected from inflation.

ElmoERC holds the title of one of the most eccentric deflationary coins, employing both sell tax and utility mechanisms to consistently decrease its supply. This cutting-edge feature allows token holders to send their tokens to the '0000' null wallet, permanently removing them from the supply.

Unlike other projects that burn tokens to the 'dead' wallet, which only locks them without true removal, ElmoERC's Burn Portal ensures that all tokens sent to the '0000' wallet are irretrievably gone. This unique approach enhances the token's deflationary nature, fostering a safer and more sustainable long-term ecosystem.

ElmoERC's Burn Portal is just one facet of its comprehensive ecosystem, which sets it apart as a trailblazer in the meme coin space.

In conclusion, ElmoERC's Burn Portal actively reduces the token supply. Beyond the burning mechanism, ElmoERC's comprehensive ecosystem and innovative utility features contribute to a dynamic and rewarding experience for its community.

As the project continues to evolve and explore new horizons, its dedication to creating a deflationary and sustainable environment stands as a driving force behind its success in the meme coin realm.

The ElmoERC Burn Portal is designed to provide an efficient and rewarding burning experience for token holders. Users can sell their ELMO tokens on the Burn Portal against the DEX spot price. The tokens sold are then immediately sent to the '0000' null address, removing them permanently from the supply.

In return for using the Burn Portal, users receive the equivalent value in USDT, a largest stablecoin, ensuring a seamless and stable user experience. This feature not only enhances the deflationary nature of ElmoERC but also offers holders an opportunity to benefit from the project's ongoing burning mechanism.

Burning crypto has emerged as a captivating concept in the crypto space, offering projects an innovative way to create value and scarcity. By permanently removing tokens from circulation, burning fosters a deflationary ecosystem, potentially benefiting both token holders and the project's long-term sustainability.

ElmoERC's Burn Portal exemplifies the power of burning crypto done right. Through this revolutionary feature, ElmoERC actively increases its value, ensuring the safety and security of its ecosystem. As burning mechanisms continue to shape the crypto world, projects like ElmoERC pave the way for a more dynamic and sustainable future.

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.)

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.)

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XRP Ledger to Present Epic Free Web3 Collection With Ducati Tomorrow

Ducati has revealed plans for an innovative digital collectible program in collaboration with the XRP Ledger, heralding their entry into the world of Web3. The esteemed motorcycle manufacturer aims to offer enthusiasts a fresh perspective on its history, present and future through this cutting-edge initiative.

Ducati Chooses Ripple as Blockchain Partner to Launch NFT

Integrating its heritage with advanced digital technology, Ducati seeks to extend its reach to a global audience of fans, providing them a unique experience. The program will cater to motorcycle connoisseurs, racing fans and technology enthusiasts, fostering an opportunity to engage with the brand and discover the sense of belonging to its community.

Central to this captivating initiative are the digital collectibles, which will narrate the tale of the Ducati brand. These exclusive collections will be hosted on the XRP Ledger, which is described as a decentralized and energy-efficient Layer 1 blockchain backed by a global developer community.

XRP Ledger Hits Massive Milestone in Epic Network Growth

As a gesture of appreciation to its supporters, Ducati's first offering will feature a video sequence spotlighting all the brand's logos since 1946.

The inaugural free digital collectible is scheduled for release tomorrow, July 26. Interested participants are encouraged to register on a dedicated site within seven days to secure this unique token and gain access to forthcoming releases. Those who miss the initial deadline can still participate in subsequent limited edition Ducati digital collectibles by registering after Aug. 2.

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.

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.

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XRP Now Oversold, Big News May Be Coming for Shiba Inu, XRP Army Fascinated by New Twitter 'X' Logo: Crypto News Digest by U.Today

Check out the top three news stories over the past day presented to you by U.Today.

Many altcoins that had been on a roll since the beginning of the month are now falling off the wagon, with XRP being one of them. At the moment of writing, the token is trading at $0.6903, down by 1% over the past 24 hours and by almost 9% over the past seven days. XRP's trading volume is in decline as well, as it plummeted by 10.76% over the past day. With bears selling, there is a chance of a deeper fall if there is no cushion in the near future. Considering the momentum XRP picked up over the past few weeks, many analysts assume that the coin is oversold. With this perception of overselling, we can expect to see a revival after the bears have satisfied their profit-taking desires.

Ripple Lawsuit: July 25 Might Be Crucial If This Fact Turns out to Be True

In a recent tweet, Lucie, Shiba Inu ecosystem official, hinted at something exciting coming for the meme coin project. Her tweet reads: "We are cooking something…Follow on YouTube." Major releases are indeed scheduled for the Shiba Inu ecosystem, ranging from the release of the "Worldpaper" to the big event: the Shibarium mainnet launch. Previously, Shiba Inu lead Shytoshi Kusama teased the unveiling of the "Worldpaper" alongside the release of Shibarium, or right before. As explained in a blog post, the "Worldpaper" will provide a deep dive into all the aspects of SHIB, including the ecosystem of tokens, products, platforms and services, including but not limited to SHIB, BONE, LEASH and TREAT.

Dogecoin (DOGE) and Shiba Inu (SHIB) Eye Explosive Dynamics Right From Start of Week

Over the weekend, all the Twitter users around the globe were presented with the platform's new logo that replaced the good old "blue bird" with a "minimalist art deco" X. The change has raised discussion among users, with some supporting the new design and others asking to go back to the previous logo. The XRP community has jumped on the bandwagon as well, as many of its members highlighted the resemblance of the new Twitter "X" logo to the logo of their favorite coin. Among them was Twitter influencer "XRPcryptowolf"; in response to Twitter CEO Linda Yaccarino's message presenting the new logo, he posted the XRP logo on a black background, asking his followers, "Anyone else agree that the XRP logo looks way better?"

Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news in the world of crypto and blockchain.

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Shytoshi Kusama Remains Silent, SHIB Army Expresses Concern

The lead developer of Shiba Inu who is believed to have co-created it together with Ryoshi, Shytoshi Kusama, has not left any message on the official Shibarium channel on Telegram for a long while already.

His last tweet that would contain any text, except emojis, was spotted last week. Now many SHIB users on Telegram seem to be concerned about their leader’s absence and some are wondering if there will be any more Shibarium-themed articles in the SHIB blog before the Canadian blockchain conference in August.

The last actual tweet with a text message was published by Shytoshi Kusama last week – there he warned SHIB users to buy cold wallets only directly from manufacturers. On Saturday, he tweeted a “party face” emoji, commenting on a recent Shibarium milestone, in which the total amount of transactions rose to over 31 million.

Since then, there have been only a couple of retweets. As for the “Shibarium Tech” Telegram channel, there have been no messages from the lead SHIB developer for a while already.

Some SHIB fans on Telegram are also urging Shytoshi to release another article about Shibarium before the ETH Toronto conference takes place in Canada on August 15-16.

Many expect the Layer-2 blockchain for Shiba Inu to be launched in August, despite the warning from the marketing expert of the SHIB team named Lucie that there is no any precise date for the Shibarium release. In a recent tweet, she only stated that the developers are really close to finishing the Shibarium mainnet and launching it.

Whales Shift 49 Billion SHIB as Shibarium Hits New All-Time High

So far, since March 11, a Shibarium beta titled Puppynet has been running, reaching 32,355,623 transactions in total by today and having 17,062,580 wallet addresses connected to it. So far, a total of 1,840,983 blocks have been created on Puppynet.

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.

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DOGE and SHIB Price Analysis for July 25

The rates of most of the coins have recovered, according to the CoinMarketCap ranking.

Top coins by CoinMarketCap

The rate of DOGE keeps rising, going up by 2.66% over the last 24 hours.

DOGE/USD chart byTradingView

Image by TradingView

On the daily chart, the price of DOGE is about to fix above yesterday's peak. If it happens, growth may continue to the test of the $0.08 zone shortly. Such a scenario is relevant until the end of the month.

DOGE is trading at $0.07699 at press time.

Meanwhile, the rate of SHIB is unchanged since yesterday.

SHIB/USD chart by TradingView

Image by TradingView

From the technical point of view, the price of SHIB is on its way to testing the support level of $0.00000758. If buyers cannot seize the initiative soon, the breakout may be a prerequisite for a bearish midterm trend that can lead to a further downward move to the $0.00000720-$0.00000740 area.

SHIB is trading at $0.00000770 at press time.

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

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