Shiba Inu

Nov 19 2021

DAY LONG NEWS ROUNDUP: LATEST NEWS 19/11/21

We cover the crazy world of blockchain and cryptocurrencies and bring you the latest updates from 19/11/2021 to help you stay informed of the insane things that are shaping the future of finance and business around the world.

Decentraland about to surpass top Metaverse project as price rises 25%

Decentraland is a virtual metaverse that is built on a blockchain. In this virtual space, users can purchase virtual plots of lands and customize those lands the way they want while interacting with other users in the metaverse in the form of avatars.

Decentraland recently announced their partnership with the government of Barbados, and gradually established the first metaverse embassy in the world. This is the first time in the world when a metaverse has invited the government of a nation to join a virtual world. Creating an official embassy in a virtual reality world attracts a lot of attention in the world of cryptocurrencies and Decentraland in particular.

Decentraland has a market capitalization of $7.4 billion dollars and with a 25% hike in their prices, the metaverse is about to overtake Axie Infinity, which holds the top position in the metaverse market, with a $7 billion market cap.

Decentraland has a completely operational application that was launched back in February, 2020. With the latest hike in the prices, it is a clear indication that even the traders are in agreement with the fact that it is, in fact, the best metaverse project running in the market now.

Major team in Australian Baseball League to pay players in Bitcoin and hold it on balance sheet

The Perth Heat is one of the most iconic teams playing in the Australian Baseball League and has recently announced that they are willing to operate and function on Bitcoin standards.

As one of the most successful teams in Australian Baseball history, they have entered into a partnership with Opennode, a bitcoin payment processing company. According to the terms, Opennode will allow sending and receiving payments made in bitcoin with the help of the Lightning Network.

The team announced that Perth Heat, in collaboration with Opennode, is willing to establish bitcoin as the new standard for payouts and payments. Steven Nelkovski, the CEO of the iconic baseball team, has announced that their aim is to bring great value to their fans and the community at large in the bitcoin age. He believes that adopting bitcoin will eventually establish that spirit of innovation among the players, the coaches and even the fans who have been supporting the team for all this time.

He further added that this collaboration does not mean that the club will be involved only in a one time purchase that can be kept as a hedge. Their aim is for the long term as he clearly understands that the future of money will be rooted on the blockchain of bitcoin.

Coingate started allowing 500 customers to allow accepting Shiba Inu

Just after the popular AMC Theatres in the United States declared that they are ready to start accepting payments made with the increasingly popular memecoin, Shiba Inu, Coingate has also joined the bandwagon.

The famous crypto payments processor has declared that they are adding support for Shiba Inu while allowing almost 500 merchants to accept the cryptocurrency as a payment method. A recent announcement from the company stated that users will be able to buy, trade, receive or even spend Shiba Inu on the Coingate platform.

Coingate was founded in 2014 and is a crypto payment processor based in Lithuania. They have a team of around 50 people who mostly focus on medium and small sized businesses. They have more than 280,000 registered users as the firm claims they have processed more than 1.65 trillion transactions over time. It seems that Shiba Inu is gearing up for a brighter tomorrow as the rate of acceptance rises.

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Blockchain Weekly Source

Nov 17 2021

DAY LONG NEWS ROUNDUP: LATEST NEWS 17/11/21

We cover the crazy world of blockchain and cryptocurrencies and bring you the latest updates from 17/11/2021 to help you stay informed of the insane things that are shaping the future of finance and business around the world.

AMC Theatres to accept Shiba Inu via Bitpay in the upcoming two to three months

Adam Aron, the CEO of the famed AMC Theatres in the United States, announced on a Twitter post yesterday that the company is willing to incorporate Shiba Inu for their online payment services. It was declared that the feature will be available for use in the upcoming two to three months only.

According to the Twitter post, the integration plan was created when BitPay stated that they are about to provide support for the memecoin on their payment platform. BitPay is a renowned payment service provider in the cryptocurrency domain. They have been operational since 2011 and are quite adept in managing transactions with really high volumes.

The news was previously reported by the VR Soldier but the Tweet coming from the CEO himself has given the news a lot of traction. For those who are wondering why they did not see a major jump in the price of the cryptocurrency today, this is because the news was already out during the previous week itself. The saying in crypto goes that it is always wise to buy the rumour, and sell the news instead. Therefore it is understandable that the Shiba Inu prices may undergo a bearish trend today.

Polygon launches scaling solution for deploying DApps

Polygon is a globally popular layer two scaling solution for blockchains compatible with Ethereum. They have recently launched their own Midden Virtual Machine powered by the zk-STARK for developing DApps or better known as Decentralized Applications.

zk-STARK is basically an abbreviation for zero knowledge Scalable Transparent Argument of Knowledge. In simpler terms, this technology allows an individual to prove that they are capable of storing private data, such as passwords, without making sure that they do not leak anyhow. STARK is one of the methods or ways in which one can prove, obfuscate or even verify this data.The Polygon blockchain has invested over an amount of $1 billion in order to develop the zk technology.

A zk-STAR application is being widely used in complex Decentralized Finance (DeFi), healthcare products and decentralized car insurance services for the purpose of identity verification. This technology can redact critical information from digitized assets and even manipulate their size for quicker verification, for instance passport or driver’s license.

Sandeep Nailwal, the co-founder of the Polygon Blockchain network, stated that this technology would help overcome privacy issues and establish trust in products related to DeFi.

Deloitte and Avalanche Blockchain together forms a strategic alliance

Deloitte is undoubtedly one the biggest accounting firms in the world securing a place among the “big fours”. They are working in collaboration with some of the best companies around the world.

At present Deloitte is working in close association with the Federal Emergency Management Agency which is popularly known as FEMA. They are working on the execution of applications concerning disaster reimbursement for local and state government agencies. In order to carry out this task, they take the help of a tool known as CAYG or Close As You Go.

It is a cloud oriented tool that serves as a cost efficient, decentralized and transparent solution for the government partners. The Avalanche blockchain will help add efficiency, speed and authentication measures to the system, thereby enhancing it. Deloitte stated that the reason why they chose Avalanche is because of their eco-friendly advantages as a technology.

The Ava Labs will now focus their attention on the CAYG system and enhance it for better document retention, risk mitigation, cost effectiveness, reducing administrative hassles and most importantly, developing a resilient system on the whole.

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Blockchain Weekly Source

Oct 22 2021

DAY LONG NEWS ROUNDUP: LATEST NEWS 22/10/21

We are bringing you the top headlines from 22/10/21 that are making the biggest impacts in the world of blockchain and crypto so that you can stay ahead of the curve!

McDonald’s China Tasked With The Expansion Of Digital Yuan Trial

McDonald’s China Tasked With The Expansion Of Digital Yuan Trial

According to the Financial Times, officials in China are urging McDonald’s to aid in the expansion of the trials of the widely talked about Digital Yuan, China’s own version of the Central Bank Digital Currency, commonly known as the CBDC.

Currently more than 270 outlets of the fast food giant in Shanghai are testing out the central bank digital currency but the officials in Shanghai are in favour of expanding the test case so that it is more widely available to the public.

According to reports from the FT, other prominent American companies that are operating in the mainland, such as Visa and Nike, are also being urged by the government officials to start accepting the digital Yuan.

Beijing has been equally determined to make sure that the digital Yuan is widely available across the nation ahead of the Winter Olympics which is scheduled to begin in February 2022. However speculations suggest that the pandemic has probably caused a hindrance to these ambitions resulting in curtailment.

What is important to remember is that China is increasingly advanced when it comes to rolling out plans for CBDC, way ahead of the United States. But there are concerns that the CBDC offered by Beijing could tamper with privacy as the officials sharing their vision entails a picture of the digital asset offering “controllable anonymity.”

DeFi Surpasses $100 Billion Mark As The Surge In Crypto Continues

DeFi Surpasses $100 Billion Mark As The Surge In Crypto Continues

Recently the Decentralized Finance (DeFi) market has surpassed the mark of $100 billion. According to the reports gathered by DeFi Pulse, the historic rise of the globally popular Bitcoin has contributed significantly to help lift the value of assets that were utilized for decentralized financing, well over $100 billion for the first time in the history of DeFi.

The figure was achieved after multiplying the amount of Ethereum and other related assets that are owned in smart contracts and processed on Ethereum network, by their value in American dollars. Only during the previous week, borrowing on crypto networks witnessed a sharp increase of 14.9% which amounted to about 50.7 billion dollars. Even on the DeFi networks, cryptocurrency exchange trades saw a rapid increase of 8.6%.

Decentralized Finance or DeFi is a subset of the cryptocurrency market that embraces a wide range of buying, selling, loaning and wagering activities which are mostly conducted using public blockchains. These activities are made with the help of tokens used as secured loans and proceeds. Estimates from Coingecko suggest that it has an estimated market cap of almost 128 billion dollars.

In A Heated Crypto Market, Shiba Inu Continues To Expand Through ATMs And Robinhood-imresizer

In A Heated Crypto Market, Shiba Inu Continues To Expand Through ATMs And Robinhood

The world of Finance is transforming at a rapid pace as people need faster and reliable transactions these days. That is exactly where Blockchain and cryptocurrencies come in. When we talk about crypto, the basic names that come to mind are that of Bitcoin and Ethereum which are still too expensive for many people to own even a single coin. However this is where the meme coins come in marking the ascent of Shiba Inu, a coin built for the people, by the people.

The Shiba coin is gaining immense popularity in the crypto community. The coin can now be purchased through ATMs as well. A coin that was not even on the radar a few years back, is not being allowed in some countries to purchase real estate with.

The next big thing on the list of activities for Shiba Inu is the profile on Robinhood. Insiders working in Robinhood are speculating that the platform is developing an infrastructure upgrade in the system that would result in acquiring Shiba coins.

As of now, Robinhood does not list many cryptocurrencies for exchange availability. Dogecoin is the only meme coin that can be seen listed on the platform. It is important to remember that Robinhood was the only platform that allowed individuals to invest in stocks using modest amounts. Shiba Inu will undoubtedly see new heights with the listing on yet another popular exchange platform. The coin has over 750,000 shareholders and an impressive market capitalization of over 28 billion dollars.

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Blockchain Weekly Source