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Shiba Inu: Bold Shib Army Advocate Sparks Crypto Revolution

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In the ever-evolving landscape of cryptocurrency, the Shiba Inu community stands out as a vibrant and dedicated collective, fueled by the mantra “We are all Ryoshi.” This ethos, coined by the enigmatic creator of Shiba Inu, underscores the collective responsibility of every member in the community towards the project’s success.

Recently, DaVinci, the pseudonymous administrator of Shibarium Tech’s Discord and Telegram channels, reiterated this sentiment in a bold statement addressing concerns within the Shib Army. Amidst questions surrounding the implementation of the promised auto-burn feature, DaVinci admonished critics for their shortsightedness and emphasized the importance of community engagement.

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Highlighting the substantial burns already achieved, DaVinci urged the community to consider the context behind unfulfilled expectations. He pointed out that significant burns occurred during periods of heightened community engagement with Shibarium activities, emphasizing the interconnectedness of the ecosystem.

Furthermore, DaVinci took a critical stance against influencers disseminating misinformation, urging the community to focus on promoting Shibarium and its initiatives. His remarks underscored the necessity for informed engagement within the community and dismissed misguided calls for changes outside the Shib ecosystem, such as urging Vitalik Buterin to adopt SHIB as Ethereum’s gas fee token.

Echoing DaVinci’s sentiments, another prominent member of the Shib Army, @NoOneHasSpoken, emphasized the importance of positive actions within the community. Rejecting futile demands directed at external figures, @NoOneHasSpoken emphasized the significance of increasing demand and reducing supply within the Shiba Inu ecosystem for sustainable growth.

Embracing Shiba Inu Ethos for Project Progress

The overarching message from these community leaders resonates with Ryoshi’s mantra, emphasizing the collective responsibility of every member towards the project’s advancement. It underscores the notion that each individual, regardless of their influence or role, plays a vital part in shaping the future of Shibarium and the Shib token.

As the Shib Army continues to navigate challenges and opportunities in the cryptocurrency landscape, the emphasis on community engagement, informed action, and collective responsibility remains paramount. In adhering to these principles, the Shiba Inu community paves the way for sustained growth and innovation within the Shiba Inu ecosystem.

Bitcoin Crosses 1B Transactions: What’s Next?

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For the first time in its 15-year history, the Bitcoin network has completed its billionth transaction, a significant milestone for the pioneering blockchain. Data from Clark Moody showed that on May 5 at 9:34 pm UTC, BTC hit 1,000,000,000 transactions. An average of 178,475 daily transactions have been performed on Bitcoin in its 5,603 days.

While Bitcoin’s billionth transaction is certainly cause for celebration, it’s worth noting that Ethereum, its main competitor, has already surpassed this milestone. Since its launch in July 2015, the second-largest decentralized network has processed more than 2 billion transactions, demonstrating its widespread utility and popularity among users and developers alike.

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Bitcoin Crosses 1B Transactions: What's Next? 3

Reflecting on the journey of Bitcoin, it’s remarkable to consider how far the dominant cryptocurrency has come since its inception. Fifteen years, four months, and four days have passed since the mysterious figure known as Satoshi Nakamoto mined the genesis block on January 3, 2009, heralding the birth of BTC and the blockchain revolution.

Despite facing skepticism and challenges along the way, Bitcoin has evolved into a globally recognized digital asset with a growing ecosystem of supporters, developers, and enthusiasts. Its decentralized nature, security features, and limited supply have cemented its status as a store of value and a hedge against traditional financial systems.

StarkWare’s ZK-Proofs Solve Bitcoin’s Blockchain Trilemma

As Bitcoin continues to mature and innovate, its billionth transaction serves as a testament to its resilience and staying power in an ever-changing landscape. Not long ago, the BTC network was bolstered by the launch of Ethereum scaling solution StarkWare’s zero-knowledge proofs [ZK-proofs/ZKPs]. With these, individual blocks and eventually the entire blockchain can be verified faster by users.

ZeroSync, the non-profit entity, was tasked with building tools to validate the state of the BTC network without having to download the blockchain or trust a third party for verification. In a paper published by StarkWare on August 20, 2022, the software firm first proposed the method for effectively verifying ECDSA from within the STARK ecosystem, potentially overcoming the blockchain trilemma for Bitcoin—i.e., attaining scalability, security, and decentralization concurrently.

With ongoing developments in scalability, privacy, and usability, the future of Bitcoin looks promising, paving the way for further adoption and integration into mainstream finance and beyond.

Bitcoin’s Unmatched Soaring Trajectory: 50 Years of Trading Wisdom Revealed

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Bitcoin takes center stage as veteran commodities trader Peter Brandt celebrates his 50th trading anniversary. In a recent blog post, Brandt reflects on his journey spanning half a century in trading, observing the evolution of markets since 1971.

For Brandt, whose initial trade involved futures contracts of pre-1964 Silver quarters and dimes, BTC represents a seismic shift in the financial world. While his career has spanned a myriad of commodities, from Corn to Gold, he reserves particular reverence for the world’s flagship cryptocurrency. Despite branching into other cryptocurrencies like Ethereum, Brandt remains steadfast in his belief that BTC stands alone as a viable asset, often criticizing alternative coins and meme cryptos as mere derivatives of its pioneering concept.

In his recent missive, Brandt articulates the distinctive qualities that set Bitcoin apart, emphasizing its incorruptible nature, finite supply, global acceptance, and swift transactional capabilities. He views BTC not merely as a digital currency, but as a revolutionary force challenging the traditional financial order.

$125K Target Driven by Bitcoin’s History

Brandt’s assessment is not just theoretical; it’s rooted in the observable patterns of Bitcoin’s price behavior. Pointing to a chart shared in his post, he highlights the cryptocurrency’s consistent upward trajectory, punctuated by periodic corrections that have ultimately served to reinforce its long-term ascent. With the current bullish trend showing no signs of abating, Brandt forecasts a potential price target of $125,000, buoyed by Bitcoin’s history of parabolic surges.

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As the 53rd anniversary of the first futures market trade unfolds, Brandt’s reflections serve as a poignant reminder of the transformative power of innovation in finance. For him, Bitcoin encapsulates the essence of this revolution—a testament to the enduring relevance of decentralization, security, and scarcity in an increasingly digitized world.

In Brandt’s eyes, Bitcoin is not just another asset; it’s a symbol of defiance against the status quo—an audacious attempt to reshape the very foundations of the global monetary system. And as he celebrates five decades of trading prowess, his bullish outlook on Bitcoin reaffirms its status as the trade of a lifetime.

Shiba Inu Purchases with PayPal Now Possible via MoonPay

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The buying experience for Shiba Inu enthusiasts has elevated after PayPal teamed up with leading fintech firm MoonPay to allow direct purchases of SHIB and other crypto currencies. This integration is aimed at simplifying digital asset transactions for users across the United States. As per the official blog post, current PayPal users can take advantage of funding options such as PayPal Balance, direct bank withdrawals, or debit cards to initiate crypto transactions.

US PayPal users can now purchase the following cryptocurrencies through MoonPay: • SHIB • and some other crypto

The collaboration eliminates the need for customers to create additional accounts or manually enter payment information, thus streamlining the process and enhancing user experience. Importantly, the partnership also ensures that users’ financial information remains secure, as PayPal does not share full financial data during transactions.

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Shiba Inu Purchases with PayPal Now Possible via MoonPay 6

Expressing enthusiasm about the partnership Ivan Soto-Wright, Co-founder and CEO of MoonPay, stated, “PayPal has always been at the forefront of revolutionizing commerce globally. Now more than ever, consumers are exploring different avenues of financial systems—whether that be crypto, retail investing, or digital banking—and this partnership underscores our deep commitment to collaborating with trusted partners in the ecosystem to expand their access.” He added, “By integrating PayPal, we are enabling consumers to transact with crypto in an already familiar environment, and significantly lower the barrier to entry for new users.”

Shiba Inu Expands: Discover New Features of Shibarium on ShibaSwap

Besides Shiba Inu, the partnership enables MoonPay users to access over 110 tokens and fund purchases using their linked PayPal accounts. Existing PayPal users can easily make their first purchase with MoonPay, allowing for seamless onboarding. However, this new service is currently available to MoonPay consumers in the United States and is expected to be accessible through MoonPay’s partner networks by mid-2024.

Overall, Shiba Inu is still growing in the meme coin space with its decentralized exchange, ShibaSwap, entering layer-2 Shibarium. According to TronWeekly, this step is intended to improve features and lower transaction costs in the L-2 ecosystem. In general, the goal is to reshape dexes’ operational structure while maintaining the Ethereum blockchain foundation.

Jack Dorsey’s Block Scandal: 100 Pages of Secrets Exposed

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In a shocking revelation, Jack Dorsey’s Block is facing serious compliance issues after a disgruntled former employee submitted about 100 pages of documents revealing alleged yearslong lapses in the company’s major divisions, Square and Cash App. The documents also outlined details on how the lack of vigilance led to processing thousands of transactions involving countries subject to U.S. sanctions, including Cuba, Iran, Russia, and Venezuela.

Federal prosecutors are investigating the fintech giant founded by Twitter co-founder Jack Dorsey for allegedly facilitating multiple cryptocurrency transactions linked to terrorist organizations. These transactions, which included credit card payments, dollar transfers, and Bitcoin exchanges, were not reported to the government as mandated by law, according to sources familiar with the matter.

As per NBC News report, many transactions involved small dollar amounts but were significant enough to raise alarms about Block’s compliance protocols. The former employee criticized the company’s compliance framework bluntly: “From the ground up, everything in the compliance section was flawed,” they said, adding that it was “led by people who should not be in charge of a regulated compliance program.”

A second insider, also familiar with Block’s monitoring strategies and speaking on condition of anonymity to NBC News, supported these claims, highlighting severe deficiencies within the company’s oversight mechanisms.

Block’s Alleged Missteps Mirror Binance’s Troubles

In the wake of recent allegations against Block, the fintech powerhouse behind Square and Cash App, crypto parallels are being drawn to CZ and Binance. Industry experts are speculating about Dorsey’s untouched status, theorizing that his previous cooperation with federal investigations during his tenure at Twitter may be providing him with some form of shield against prosecution. The details revealed indicate that numerous transactions involving credit cards, dollar transfers, and Bitcoin slipped through without being reported to the government as mandated by regulations.

This oversight raises significant concerns about Block’s compliance systems and their ability to adhere to international financial laws. The implications of these allegations could be profound for Block, potentially impacting its operational integrity and leading to increased scrutiny from regulators. As the investigation unfolds, the financial community and regulators will be closely monitoring the situation, waiting to see if any legal actions will be taken against Dorsey or his companies.

Shiba Inu’s BONE Set To Soar After ShibaSwap Integration

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Shiba Inu continues to expand its presence in the meme coin ecosystem as its decentralized exchange, ShibaSwap, starts its venture into layer-2 Shibarium. This strategic integration aims to enhance functionality and reduce the transaction costs troubling the L-2 ecosystem. Overall, the move aims to redefine the operational framework of dexes while keeping the foundational Ethereum blockchain roots intact.

Amidst these promising developments in the Shiba Inu space, BONE, the native gas token of Shibarium, is likely to see a spike in token utility and, potentially, its market value. This is because ShibaSwap’s integration into Shibarium will likely increase the demand for BONE as it becomes essential for transactions and liquidity activities on the new platform, possibly leading to a decrease in its overall supply. Hence, both seasoned traders and newcomers in the cryptocurrency world are poised to experience a new era of digital finance driven by efficiency and reduced overhead.

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Shiba Inu's BONE Set To Soar After ShibaSwap Integration 8

Beyond just a technical upgrade, seasoned moderator at Shibarium Tech, Maximous, stated that “ShibaSwap will now operate on both Ethereum and Shibarium chains, maintaining its core functionalities while expanding its capabilities to support the Shibarium chain as well.”

He also highlighted the dual-chain nature of the new ShibaSwap, noting that it allows for a significant reduction in transaction costs. “Users can now enjoy trading with drastically lower gas fees, making high-frequency trading more feasible,” he explained.

Shiba Inu: Unlocking BONE’s Potential

Regarding BONE, Maximous stated, “Both builders and users will need some BONE to use Shibarium, while projects will acquire BONE to add liquidity for their tokens and lock this liquidity, or even burn the liquidity tokens, locking BONE forever. This reduction in circulation is expected to boost BONE’s value over time.”

The integration also promises a more user-friendly experience, which is crucial for fostering wider adoption among those new to cryptocurrencies. The Shib Army, Shiba Inu’s dedicated community, stands to benefit significantly as they continue to support and adopt ShibaSwap’s enhanced functionalities.

Coal Mining Giant Generates $7.3 Million from Bitcoin Mining Amid Industry Shift

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The recent foray by Alliance Resource Partners (ARLP), a publicly traded coal miner, into Bitcoin mining has sparked a wave of interest. While the company’s pilot project appears successful, generating 425 Bitcoins worth $30 million by utilizing excess power, lingering concerns about long-term profitability and environmental impact cast a shadow.

In a strategic move, ARLP began mining Bitcoin in 2020 to capitalize on underutilized electricity at its River View mine. This initiative, as CFO Cary Marshall highlighted during an earnings call, demonstrates ARLP’s ability to adapt and generate revenue from existing resources. Marshall further emphasized that ARLP isn’t actively buying Bitcoin, focusing solely on mining with their existing equipment.

The success of ARLP’s pilot project is undeniable. However, questions regarding long-term profitability remain. While the current market value of their Bitcoin holdings sits at $30 million, factoring in operational costs reduces that figure to $7.3 million. The recent Bitcoin halving event, which halved the block rewards for miners, further complicates the picture.

Challenges and Opportunities in Bitcoin Mining

Cryptocurrency analytics platform Cryptoquant has identified a significant transfer of Bitcoin from miners to exchanges, potentially indicating a selling spree. This trend aligns with the reduced profitability faced by miners post-halving. Selling Bitcoin helps miners cover operational costs, but it could also create a market imbalance, impacting the overall price.

ARLP’s foray into Bitcoin mining represents a fascinating intersection of traditional industries and emerging technologies. While the pilot’s success is encouraging, the long-term viability of this model depends on factors like Bitcoin’s price trajectory and the company’s ability to optimize its efficiency. Additionally, the environmental impact of coal-powered Bitcoin mining cannot be ignored. ARLP will need to address these concerns to ensure a sustainable future for its Bitcoin mining endeavors.

The success of ARLP’s Bitcoin mining experiment hinges on its ability to navigate a complex landscape. Balancing profitability with environmental considerations and adapting to market fluctuations will be crucial. As the industry evolves, ARLP’s experience serves as a valuable case study, highlighting the potential and challenges faced by traditional companies venturing into the digital asset space.

Related Reading | Ethereum’s Bullish Momentum Faces Hurdles: Analyst Points Out Critical Levels

Coinbase’s QCAD Integration Expands Stablecoin Portfolio

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Coinbase, the renowned cryptocurrency exchange headquartered in the United States, has recently made waves in the digital currency market with its decision to incorporate QCAD into its platform. This strategic move underscores Coinbase’s commitment to expanding its asset offerings, providing its users with a wider array of trading options.

What sets QCAD apart from the plethora of altcoins already listed on the exchange is its unique proposition as a stablecoin pegged to the Canadian dollar. Unlike its volatile counterparts, QCAD offers users a stable and secure digital representation of the Canadian dollar, making it an attractive option for those seeking stability in their cryptocurrency investments.

The issuance model adopted by QCAD’s parent company is equally noteworthy, as it operates on an authorized dealer framework. This means that large corporate entities can directly engage with the issuing entity to purchase and sell QCAD tokens at a fixed rate of one Canadian dollar, simplifying the process for institutional investors and ensuring price stability.

Coinbase’s Multi-Network Support

While the exchange’s official statement confirms QCAD’s support on the Ethereum network, it’s important to note that transactions can also take place on the Stellar and Algorand networks under normal circumstances. This multi-network approach enhances accessibility and flexibility for users, allowing them to transact with QCAD across different blockchain ecosystems.

In addition to QCAD, Coinbase has also announced the inclusion of the Neon EVM (NEON) token on its platform. Operating on the Solana network, NEON has garnered significant attention within the cryptocurrency community. Since the announcement of its impending listing on Coinbase, NEON’s price has surged by over 9% in the last 24 hours, reaching a current trading price of $1.13.

The addition of both QCAD and NEON to Coinbase’s roster of tradable cryptocurrencies underscores the platform’s commitment to providing its users with diverse investment opportunities. As the cryptocurrency market continues to evolve, Coinbase remains at the forefront, continuously expanding its offerings to meet the needs of its growing user base. With QCAD and NEON now part of its repertoire, Coinbase reaffirms its position as a leading player in the digital asset space.

Shiba Inu’s Shytoshi Kusama Teases Big Surprise For ShibaSwap 2.0

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The Shiba Inu community is buzzing with anticipation after the lead developer unveiled exciting plans for a revamped ShibaSwap, the project’s decentralized exchange [DEX]. In a recent Twitter announcement, Shytoshi Kusama envisioned the new ShibaSwap as a bustling hub for both innovators and “Shibizens” [Shiba Inu community members]. He also pledged that the platform would operate as a dynamic marketplace where community tokens can thrive, creating an environment brimming with unique projects, causes, and passionate members of the SHIBARMY.

“The new ShibaSwap is a hub for innovators and Shibizens alike. It’s where community tokens thrive, creating a dynamic marketplace filled with unique projects, causes, and SHIBARMY members,” Kusama wrote.

To further engage the Shiba Inu community, the anonymous project lead announced an exciting giveaway. He invited SHIBARMY members to post screenshots of their wallets on the highly-anticipated Shibarium, a layer-2 solution designed to enhance the Shiba Inu ecosystem’s scalability and efficiency. Kusama promised to send a surprise gift to three randomly selected individuals who participated in this initiative.

Shiba Inu is gearing up for an upcoming hard fork scheduled to launch on May 2nd, which will change its layer-2 blockchain, Shibarium. As reported by TronWeekly, the team would be launching a range of new features aiming at improving the user experience and supporting our community of innovators and developers. This isn’t just any upgrade; it aims to unlock advanced capabilities to provide added value and streamline interaction, the post claimed.

Shiba Inu: Hard Fork on the Horizon

Under the official announcement, the hard fork aims to turbocharge block processing speed and iron out transaction fees, addressing community suggestions to enhance platform usability and efficiency. Additionally, it aims to stabilize transaction fees during peak traffic periods, ensuring fair and predictable costs for all users. These efforts are geared towards maintaining an affordable and inclusive platform.

The revamped ShibaSwap and the imminent hard fork of Shibarium are expected to be significant milestones for the Shiba Inu project. The new DEX aims to provide a seamless and user-friendly experience for trading and swapping tokens, while Shibarium is anticipated to address the scalability challenges faced by the Ethereum network, upon which Shiba Inu is built.

Bitcoin’s Next Leap: Analyst Predicts New Highs Ahead

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The well-known crypto analyst Egrag Crypto has shared an analysis of Bitcoin’s (BTC) historical growth and concluded that new historical maximums are possible in a few months. By focusing on Bitcoin’s previous cycles, the analyst demonstrates BTC’s differing periods within which it manages to surpass its previous all-time highs (ATHs) and create new records.

In the first cycle of BTC’s market history, it took only two weeks for the cryptocurrency to overcome its Fib 1.0 level, which is a popular technical indicator that forecasts future price movements. The second cycle of BTC took it eight weeks to surpass its previous ATH, which got even higher with the third cycle taking three weeks and the fourth nine weeks.

Bitcoin Poised For Bullish Surge, Eyes $100K Milestone

The current analysis of Egrag Crypto matches the market’s ongoing behavior of Bitcoins and its second cycle. This analogy implies that BTC is possibly entering a major bull run. The analyst expects that Bitcoin will have a continued weekly candle closure above the monthly level of $73,000 during the next 4-8 months. This move is expected to shoot BTC to a six-digit price territory and possible hit or exceed the $100,000 level.

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Source: Chart by Egrag Crypto

The analyst’s bullishness is based on historical data and chart patterns, which have been dependable barometers of Bitcoin’s previous price actions. Nevertheless, Egrag Crypto, there is also a warning for the investors about the peculiar nature of each cycle, that if the expected rising does not happen it should tell us about the deviation from the historical trends and that is “This Time is Different!”

With these ideas in mind, the crypto community and investors closely watch the performance of Bitcoin. Given the digital currency’s long record of dramatic ups and downs and unpredictable surprises, what was predicted by the analyst is a hopeful tale but told with a lot of reservation. If Bitcoin sticks to the expected trajectory, it would move to new tops and validate the everlasting significance of historical data in predicting its behavior.

While the timeline approaches, stakeholders in the cryptocurrency market are gearing up for possible changes. The question of whether Bitcoin will repeat the previous scenarios still holds as a subject of high interest and speculation which promises to be one of the most important cryptocurrency stories of our time.