Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has given his take regarding the future of Bitcoin’s usage. Bankman-Fried stated he doesn’t believe that Bitcoin will work as a payments network, due to its limited capability for scaling to fulfill this task. However, he believes it might become “an asset, a commodity, and a store of value.” Sam Banksman-Fried on Bitcoin as a Payments Network FTX founder Sam Bank man-Fried has given his opinion about where bitcoin is going and the real value of its structure in the future. In an interview published by the Financial Times, Banksman-Fried criticized the implementation of Bitcoin as a payments network. To him, the Bitcoin block chain system will never work as a day-to-day payments system for several reasons. A perceived lack of scalability of the Bitcoin block chain is one of them, and the second reason presented by the executive has to do with the energy and environmental implications of this hypothetical growth compared to other alternatives. To Banksman-Fried, bitcoin for payments is akin to gold, in that it would be impractical to use. He stated: "Why don’t we go to a store and pay with physical gold bars? First of all, it would be ridiculous and absurd. It would be unbelievably expensive. And I’m sure it’d be bad for the climate." He also declared that proof-of-stake (PoS) networks would be more efficient to complete these tasks, explaining: "Things that you’re doing millions of transactions a second with (will) have to be extremely efficient and lightweight and lower energy cost. Proof of stake networks are." Banksman-Fried believes that Bitcoin has other unique properties that make it good as “an asset, a commodity, and a store of value.” Differing Opinions However, some views differ from Bankman-Fried’s opinions. The inception of the Bitcoin Lightning Network (LN), the second layer (L2) expansion protocol for Bitcoin that proposes very low transaction costs, might be a solution to the scaling problems that first-generation block chains like Bitcoin face when congested. This is the opinion of Paolo Ardoino, CTO of Bitfinex, who believes Lightning has the potential to turn Bitcoin into a feasible payment rail. He stated: "Bitcoin’s Lightning Network is quietly emerging to make manifest Satoshi Nakamoto’s prophecy of a decentralized, peer-to-peer payment network. A case in point is El Salvador where the country’s adoption of bitcoin as legal tender has made the nation a laboratory for Lightning usage with global corporations integrating the technology." David Marcus, former crypto chief at Meta, recently launched Lightspark, a VC-backed company that will explore the capabilities of the Lightning Network for payments. The protocol, which was proposed in 2015, has still not managed to gain mainstream support, and it sits at number 32 on the list of decentralized protocols with the most value locked, according to Defi Pulse, a decentralized finance index. what your opinion should bitcoin have good future as payment solution or not let us know your opinion send it here [email protected] and have chance to win some Bitcoin mining contracts
The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle involving the Terra ecosystem. The organization sold part of the bitcoins owned directly, while another part was traded on different dates to try and stabilize the value of UST. The reserve was comprised of more than 80,000 BTC. Luna Foundation Guard Clarifies Reserve Movements The Luna Foundation Guard (LFG), the organization tasked with safeguarding the dollar peg of UST, the algorithmic stablecoin of the Terra ecosystem, has broken its silence to explain the use of the assets it had under its custody. The institution had amassed more than 80K BTC, which was to be used in case of market imbalances affecting the value of terrausd (UST). According to reports on social media, the foundation spent almost all of its BTC reserves in a failed attempt to save UST. This was made in three different operations. In the first one, LFG sold 26,281,671 USDT & 23,555,590 USDC for an aggregate of 50,200,071 UST, in what was the first defensive transaction against the depeg incident. Also, the LFG stated it: Transferred 52,189 BTC to trade with a counterparty, net of an excess of 5,313 BTC that they have returned, for an aggregate of 1,515,689,462 $UST. However, the company did not identify the counterparty involved in this transaction. Last Measures Even with the intervention of the LFG, the peg was not restored. LFG declares that Terraform Labs exchanged the last of the BTC reserve on May 10, when UST’s market price had touched $0.75. This transaction involved the sale of 33,206 BTC for an aggregate of 1,164,018,521 UST. The Luna reserve is now comprised of only 313 BTC, meaning that most of the BTC owned by the organization were deployed in the defense effort. Other cryptocurrencies in the reserve, including 39,914 BNB and 1,973,554 AVAX were not used and still are in the possession of the organization. However, there is no clear answer as to how these will be used in the future. The statements from LFG help to clarify how the Terra depeg incident happened, and how these funds were used. An analysis of the transactions conducted earlier by Elliptic, a blockchain analytics and compliance company, found that the majority of the funds were sent to two exchanges: Binance and Gemini. However, the company declared that it was “not possible to trace the assets further or identify whether they were sold to support the UST price.” TAGS IN THIS STORY did you still believe in recover send to your admin your opinion at [email protected]
During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital asset dropped 97% in value against the U.S. dollar in 24 hours. Terrausd has slipped 67% lower than the $1 parity and was trading at a low of $0.299 per unit at 9:00 a.m. (ET). Terra’s Native Token LUNA Loses 97%, While UST Loses 67% in 24 Hours The Terra blockchain ecosystem has been ravaged by the events that took place over the last few days, when the network’s algorithmic stablecoin terrausd (UST) started to lose its U.S. dollar peg. Project founder Do Kwon and the Luna Foundation Guard (LFG) also explained that the team was lending $1.5 billion in bitcoin (BTC) and terrausd (UST) to help defend the peg. The effort was a fruitless endeavor and UST slipped to $0.66 per coin but then, for most of the day on Tuesday, UST managed to climb back above the $0.90 region. On Tuesday evening, UST started to plummet again and it has continued to slide to its most recent lows at $0.299 per unit. The native token LUNA suffered even more than UST, as it has lost 97% in value during the past 24 hours. LUNA has had a 24-hour price range between $33.93 per unit and $0.810 per coin. Furthermore, after Do Kwon said to stay strong and a plan was on the way, the Terra co-founder addressed the public on Twitter. “Before anything else, the only path forward will be to absorb the stablecoin supply that wants to exit before UST can start to repeg,” Kwon said. “There is no way around it. We propose several remedial measures to aid the peg mechanism to absorb supply. First, we endorse the community proposal 1164 to Increase basepool from 50M to 100M SDR *) Decrease PoolRecoveryBlock from 36 to 18 This will increase minting capacity from $293M to ~$1200M,” the Terra co-founder added. Kwon also said that Terra could rebound from the collapse and noted that the project was not going anywhere. “Terra’s return to form will be a sight to behold,” Kwon tweeted. The Terra founder added: ""We’re here to stay. And we’re gonna keep making noise."" ‘Worse Than Bitconnect’ Of course, under the circumstances of many individuals losing money and some of them losing everything, many people criticized the response from the Terra founder. The podcast host Peter McCormack asked Kwon “What % chance to you give it that the same won’t happen again?” Bitcoin supporter Hasu said the UST event was “worse than Bitconnect.” “At least Bitconnect didn’t masquerade as a stablecoin,” Hasu added. “When your ponzi targets people’s savings (not investment) portfolio, there is a special place in hell reserved for you.” In addition to the criticism, people have been trying to buy the dip because they believe a strong comeback will happen. However, while doing so, many crypto traders are getting wrecked by the price volatility. Additionally, crypto Twitter (CT) influencers are deleting tweets that discuss UST and LUNA in a positive light. Furthermore, the crypto liquidity provided Genesis explained that the company has “no direct exposure to UST and LUNA.” Individuals are also claiming that the downfall of LUNA and UST was a “coordinated attack.” “Market manipulation at its finest,” one individual tweeted. Other Terra supporters have been watching bots on Twitter and have stated they are certain Terra’s issues were the result of a blatant attack. There have been odd sightings of bots or Twitter accounts repeating the same statement, which can be found here, here, here, here, and here. While LUNA and UST have not yet plummeted to zero, people are either betting that they will or they believe Do Kwon and think a massive reversal is in the cards. By 10:45 a.m. (ET), UST was trading for $0.504 per unit. CEO of Sator Says Luna Foundation and Do Kwon May Still Hold Bitcoin Reserves Isla Perfito, the CEO of Sator, a community-first Web3 content engagement platform, said that there may be a chance the Luna Foundation Guard (LFG) still holds bitcoin. “People assume LFG already sold their BTC,” Perfito told Bitcoin.com News in a statement. “That’s why UST is pricing at .40 on the dollar. In the event that they have the BTC, their backing is better. Do Kwon should provide a balance snapshot of his BTC to save UST. The CPI numbers came in higher than expected today.” The CEO of Sator added: "In my opinion, inflation has peaked. Investors are now waiting for the stock market to bottom. With UST, 1 LUNA could be exchanged for 1 UST and vice versa. This is why we observed the Luna crash — when they decided to not keep the peg, they were selling Luna coins. With that said, there’s a chance that they have reserves to save UST." Alex Tapscott, the managing director of the digital asset group at Ninepoint Partners, explained to Bitcoin.com News on Wednesday that Terra’s issue is similar to a hedge fund exploding. “This is not unlike what happens when a large hedge fund ‘blows up’ and is forced to unwind its positions,” Tapscott explained in an email. “It becomes a price taker causing the assets its own to suffer (though often just temporarily).” Tapscott continued: "Long term the thesis on Bitcoin and crypto remains intact. Bitcoin is the first digitally native money for the internet and crypto assets as a whole represent a 2nd era of the internet – an internet of value- that will continue to transform and rethink many industries." if you need any help asking [email protected]
This is a community post written by the Celer Network team and published on BNB Chain blog. A new era for inter-chain dApps has come! We are excited to announce that the Celer Inter-chain Message (Celer IM) framework has launched on mainnet. Through Celer IM, developers can build inter-chain dApps using the Celer Inter-chain Message SDK with efficient liquidity utilization, coherent application logic, and shared states across multiple blockchains. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX from a single chain. Celer IM has been celebrated and immediately adopted by multiple dApps. Many of the envisioned use cases are being built by our community developers. For example, ChainHop, a composable inter-chain liquidity protocol built using Celer IM, has also launched on mainnet today. Using ChainHop, users and developers can easily convert token X on chain A into token Y on chain B with just a single transaction. In addition to ChainHop, we have 8 other launch partners: SynFutures, Mystiko, Swing, FutureSwap, Ooki, Rubic, Solace, and Aperture. They are building inter-chain native dApps in the spaces of cross-chain governance, cross-chain yield aggregators, cross-chain synthetic asset trading, cross-chain privacy and other innovative use cases. The Celer IM framework is very easy-to-use and allows a “plug’n’play” upgrade that often requires no modifications with already deployed code. Developers can easily try out Celer IM by going through the documentation, smart contract framework, and sample application code. If you are interested in building inter-chain dApps and participating in our upcoming ecosystem developer grant program, please reach out to us! A Wide Range Of Use Cases on Celer IM Since we announced Celer IM on testnet, we have received an overwhelming amount of interest from the developer community to build inter-chain dApps. A wide range of different use cases of the Celer IM framework is being adopted by prominent protocols to expand both their utilities and to enlarge their user bases. We want to introduce them as Celer IM’s launch partners! Click here for the Chainhop tutorial video. First of all, we want to highlight that ChainHop, a composable cross-chain liquidity protocol built on top of Celer Network, has also launched on mainnet today. ChainHop takes the complex multi-step process of swapping tokens across different chains and simplifies it into an easy single transaction user experience (UX). Using ChainHop, users can easily convert token X on chain A into token Y on chain B with just a single transaction. Additionally, ChainHop is highly composable with other dApps allowing developers to easily access the cross-chain liquidity protocol in order to build other inter-chain dApps. Similarly, Rubic, a multi-chain swap protocol, is also enabling this one-click functionality across multiple blockchains. Key cross-chain interoperability infrastructure, Swing, is simplifying the cross-chain transaction process by eliminating the need to make several manual commands on multiple networks when communicating with other Celer IM dApps with a single transaction. Celer IM is widely applicable to build inter-chain DeFi applications as well. The decentralized derivatives protocol SynFutures is using Celer’s IM framework to support multi-blockchain futures trading, allowing users to leverage liquidity from any blockchain. Ooki, a powerful and fully decentralized margin trading, borrowing, and lending platform, is leveraging Celer IM to enable fee bridging among all of Ooki’s different blockchain deployments. Aperture, a cross-chain, community-driven marketplace for DeFi strategies, is leveraging Celer IM to enable one-click access to supported strategies for users from any blockchain. Solace, a decentralized insurance protocol that allows users to insure positions for over 180 DeFi protocols with one policy, is also integrating Celer IM for cross-chain insurance functionality. Of course, Celer IM can be used in many other use cases besides DeFi applications. FutureSwap, the first decentralized, AMM-based trading protocol to offer leverage on any AMM-backed pair, is enabling cross-chain governance functionality; and to scale its non-custodial crypto margin trading. Mystiko Network, the base layer of web3 that provides both connectivity and confidentiality to all blockchain data, transactions and applications, uses Celer IM to enable privacy protection against unwanted cross-chain data tracking and exploits. With the Celer IM framework’s mainnet release, we look forward to more exciting use cases to be created by our amazing developer community such as cross-chain NFT marketplaces and omnichain NFT. How To Get Started With Celer IM Getting started with Celer IM is easy. To understand the kind of applications and design patterns made possible, you can read the Celer IM introduction or watch this presentation. To go through a hands-on integration process, you can either watch the above video tutorial or run through this integration guide with a simple batch transfer example. If you encounter any issues during integration, please feel free to go to the #celer-interchain-message channel in our discord and let our developer support team know! We will be more than happy to help! If you are interested in working on some use cases and would like to get our support, please fill out this form to get priority consideration for our upcoming developer grant program! With the Celer IM mainnet launch, we look forward to a vibrant inter-chain dApp ecosystem building on top of Celer and can’t wait to see what kinds of exciting use cases get built! What do you think is Celer Network good investment Chance let us know your opinion at [email protected]
Bitcoin’s hashrate has once again reached an all-time high (ATH) this year, as the network’s processing power reached 275.01 exahash per second (EH/s) on May 2, 2022. The recent ATH follows a significant difficulty jump on April 27, and bitcoin’s value lost 6.2% against the U.S. dollar over the last two weeks. Bitcoin Hashrate Taps 275 Exahash Just recently, Bitcoin’s mining difficulty tapped an ATH at 29.79 trillion and it’s currently the most difficult it has ever been to find a BTC block reward. On April 27, after coasting along at 28.2 trillion for two weeks prior, the network’s difficulty jumped 5.56% higher. Bitcoin miners have continued to keep the high-speed tempo going despite the difficulty rising. Moreover, over the last two weeks, BTC has shed 6.2% in value against the U.S. dollar. The price drop has also made it less profitable for bitcoin miners during the two-week downturn. At the time of writing, Bitcoin’s hashrate is coasting along at 238.22 EH/s. Two days ago, the network tapped an ATH on May 2, 2022, at block height 734,577. Despite those two setbacks, bitcoin miners have pushed the hashrate up to a new all-time high in terms of computational processing power. The hashrate reached the highest it’s ever been at 275.01 EH/s on May 2, 2022, at block height 734,577. The network previously reached an ATH 1,380 blocks prior to the 275 EH/s high at block height 733,197, on April 23. At that time, the ATH recorded was approximately 271.19 EH/s. Data shows that since block height 733,197, the overall hashrate increased 1.40% in seven days. Soon-to-Be Deployed Next-Generation Miners Seven-day statistics indicate that Foundry USA was the top mining pool after capturing 233 out of the 1,071 BTC blocks found last week. Foundry USA has 21.76% of the network hashpower with a 49.29 EH/s average over the last seven days. The second-largest mining pool this past week was Antpool, as it captured 145 block subsidy rewards last week. Antpool has held 13.54% of the global hashrate in the one-week timeframe with 30.68 EH/s. Today, 12 known pools are dedicating hashpower to the BTC network and 0.93% of the global hashrate, or 2.12 EH/s, is operated by unknown bitcoin miners. With Bitcoin’s hashrate reaching an all-time high before bitcoin mining rig manufacturers have shipped the latest next-generation machines, the hashrate could very well go much higher from here. Next-generation miners from Bitmain and Microbt, which pack a lot more hashrate, are due to ship next month. Moreover, Bitmain’s hydro bitcoin mining rig, the Antminer S19 Pro+ Hyd., commands 198 TH/s and has been released this month. Depending on lead times, miners could be deploying these high powered, next-generation miners and upping the network’s overall hashrate a great deal. Your Opinion Should BTC Close high this year or will down.
KEY POINTS A multitude of catalysts helped Shiba Inu deliver record-breaking gains last year. However, five factors could make 2022 a lot more challenging for the world's hottest cryptocurrency. Is another year of outperformance in the cards for SHIB after it gained 46,000,000% in 2021? If you think stock market gains have been impressive since the pandemic bottom of March 2020, take a closer look at cryptocurrencies. Whereas the broad-based S&P 500 doubled in value, the total market cap of all digital currencies grew more than 1,450% between March 2020 and the end of 2021. The crypto market has made investors rich in a very short amount of time. This is especially true for investors in meme coin Shiba Inu (SHIB -0.75%). SHIBA INU-THEMED COINS WERE INCREDIBLY HOT AMONG CRYPTO INVESTORS IN 2021. IMAGE SOURCE: GETTY IMAGES. The blueprint for historic gains in Shiba Inu In more than two decades of investing, I've seen some jaw-dropping single-year gains. But while five-digit percentage gains over 12 months are quite rare in the stock market, among cryptocurrencies, gains of 25,000% -- even as high as 1,200,000% -- have occurred in a relatively short time frame. But the roughly 46,000,000% that SHIB tokens gained in 2021 are astounding. The coin rose in value from $0.000000000073 to around $0.000034. An investment of just over $2 at midnight on Jan. 1, 2021 would have made a Shiba Inu investor a millionaire by year's end. Multiple factors worked in Shiba Inu's favor last year to deliver such enormous gains in a short period. Increased visibility of SHIB has certainly provided one of the biggest boosts. Even though Shiba Inu isn't yet listed on Robinhood, it's found a home on numerous other popular crypto exchanges. The launch of decentralized exchange ShibaSwap has helped too. New exchange listings and ShibaSwap have helped improve liquidity. Further, ShibaSwap has encouraged SHIB holders to stake their coins in order to earn passive income. Staking encourages holders to hang onto their tokens for a longer period of time. No discussion of Shiba Inu's historic 2021 can overlook the role the fear of missing out (FOMO) has played. At its peak in the fourth quarter, Bitcoin had gained 8,000,000,000% from its July 2010 debut price. With evidence that life-altering gains are possible, SHIB buyers haven't been scared off by the possibility of a price reversion. In fact, some have used social media as a means to hype up the prospects of Shiba Inu heading higher. Excitement over increased utility is palpable as well. Last year, Shiba Inu landed two major merchants: movie theater chain AMC Entertainment and tech-focused online retailer Newegg Commerce. Lastly, Shiba Inu investors have exhibited clear excitement about the future. In 2022, developers should deploy the layer-2 blockchain upgrade known as Shibarium, which is designed to lower transaction fees. Eventually, non-fungible token (NFT)-based gaming is expected, too. IMAGE SOURCE: GETTY IMAGES. Can Shiba Inu hit $0.001 in 2022? What's crystal clear is that Shiba Inu optimists are mostly inelastic buyers. They believe significant upside awaits, even following a 46,000,000% gain last year. But can Shiba Inu really eat up additional zeroes after its decimal point in 2022? In other words, is a price target of, say, $0.001 really achievable this year? The answer? Highly unlikely. Although Shiba Inu seemingly outpaced all expectations in 2021, there are five core reasons its chances of hitting $0.001 in 2022 are extremely low. To begin with, Shiba Inu doesn't offer any genuine competitive advantage or differentiation. It's an ERC-20 token build on the Ethereum blockchain that's subject to the same processing lags and high transaction fees that occasionally plague the Ethereum network. While Shibarium may alleviate its transaction cost disadvantage, Shiba Inu still wouldn't have any defining characteristics that would make it or its proposed ecosystem the preferred choice for merchants and persons wanting to pay with digital currencies. A second issue is that Shiba Inu is being constantly diluted in the crypto space -- not by new SHIB tokens, but rather by new blockchain-based projects. Cryptocurrencies that lack a competitive edge are constantly under attack by new projects that offer faster processing times and/or low transaction fees. Although many blockchain projects won't amount to anything, at least some will provide operating advantages over Shiba Inu. IMAGE SOURCE: GETTY IMAGES. A third persistent problem for SHIB, which I've previously touched on, is its lack of real-world utility. Having already mentioned that it lacks a competitive edge, we can also see from real-world adoption that few merchants are accepting it as a form of payment. Online business directory Cryptwerk shows that only around 600 global merchants accept SHIB as a payment, with 44 of these "merchants" being nothing more than crypto exchanges. That's only a little over 550 mostly obscure online businesses accepting SHIB, when there are over 500 million entrepreneurs worldwide. Its utility outside of a crypto exchange is almost nonexistent. A fourth reason to be highly skeptical of Shiba Inu hitting $0.001 is the role (or should I say lack thereof) coin burn will play. Last year, Ethereum co-founder Vitalik Buterin, who was gifted around half of the circulating supply of SHIB, sent more than 410 trillion tokens to a dead blockchain address. With these coins now removed from circulation (i.e., burned), each remaining token is perceived to be worth more. The issue is that 1) coin burn won't be anywhere near 410 trillion tokens in 2022, or at any point in the future, and 2) having fewer SHIB in circulation doesn't improve the effectiveness of the network in terms of transaction fees or block finality. Coin burn isn't providing any tangible positive for investors. Fifth and finally, history is simply not on Shiba Inu's side. In previous instances where payment coins and payment-network protocol tokens rallied anywhere from 24,000% to 461,000% in a relatively short time frame, they subsequently retraced by 93% to 99% over a two-year period. Given that Shiba Inu gained 46,000,000% in 12 months, history would suggest that an equally epic retracement awaits. While anything is possible in the cryptocurrency space, there's no reason to believe Shiba Inu will come anywhere close to $0.001 (a $549 billion market value) in 2022. Should you invest $1,000 in Shiba Inu right now? Before you consider Shiba Inu, you'll want to hear this. Our award-winning analyst team just revealed what they believe are the 10 best stocks for investors to buy right now... and Shiba Inu wasn't one of them. you can asking our admin at bexcrypto about SHIBA investment plan we have "[email protected]".
While Ethereum users participating in the Otherside metaverse land sale caused network fees to rise and created issues for the blockchain explorer Etherscan, it overshadowed Solana’s blockchain network outage. It seems a flood of inbound transactions on Saturday caused Solana’s mainnet to lose consensus for roughly seven hours. Solana’s Mainnet Loses Consensus for 7 Hours The Solana proof-of-stake (PoS) blockchain network suffered another outage after a significant amount of transactions flooded the network. Solana’s PoS network has had difficulties in the past, as block production stalled for hours in mid-September 2021. Solana’s network outage was confirmed on Twitter. “Block production on Solana Mainnet Beta has halted. Validator operators should prepare for a restart in mb-validators on Discord,” the Twitter account called Solana Status said. “Validator operators across the ecosystem are working to finalize restart instructions for Mainnet Beta.” The outage on Saturday follows the statements made by one of the project’s co-founders, Anatoly Yakovenko, who said Bitcoin’s consensus algorithm should change to PoS. “If [Bitcoin] eventually doesn’t switch to proof-of-stake nobody is going to use it,” the Solana co-founder explained in an interview. During the outage, Yakovenko’s recent Bitcoin PoS commentary was mocked and one individual wrote: “Eventually if Solana doesn’t have consistent uptime, nobody is going to use it.” After seven hours, Solana Status updated the public about the downtime and a network restart. “Validator operators successfully completed a cluster restart of Mainnet Beta at 3:00 AM UTC, following a roughly 7-hour outage after the network failed to reach consensus,” the Twitter account wrote. “Network operators and dapps will continue to restore client services over the next several hours.” Solana’s development team had to issue cluster restart instructions and published a document about how to start the process. During the first week of January 2022, Solana’s development team formally acknowledged that “high compute transactions” were “reducing network capacity.” While Solana has had issues with a flood of transactions and long-lasting outages, since January 3, 2009, Bitcoin (BTC) has a network uptime percentage rating of around 99.98734244113%. TAGS IN THIS STORY 7 hour outage, 7 hours, Anatoly Yakovenko, Bitcoin, Block Validators, BTC, Mainnet outage, PoS, Proof-of-Stake, September Outage, SOL, Solana, Solana consensus, Solana Outage, Solana Uptime, Transaction Spam, uptime What do you think about Solana’s blockchain losing consensus for seven hours after being flooded by a large quantity of transactions? Let us know what you think about this subject in the comments section below. so what you opinion Solana is going to lose more or what asking our [email protected]
On April 28, 2022, the crypto asset apecoin tapped an all-time high (ATH) tapping $26.70 per unit and the digital currency has taken the 25th largest market capitalization among 13,371 cryptocurrencies. The same day, the product comparison platform Finder published its prediction report that covers apecoin’s market performance and Finder’s surveyed panelists predict apecoin will end the year at $27 per unit. Finder’s Experts Predict Apecoin’s Future Value This week finder.com published a new prediction report that polled 36 financial technology (fintech) specialists in order to forecast the future price of apecoin (APE). The digital currency has made waves in recent times and has propelled itself to the 25th largest market capitalization position as of April 28. Furthermore, APE reached an ATH on Thursday, skyrocketing to $26.70 per APE. However, APE has shed roughly 15% since the price high. APE/USD chart on Friday, April 29, 2022. Finder’s poll predicts APE will reach $27.70 per coin by the end of 2022, and by the end of 2025, APE will be $25. 50% of the panel says it’s time to sell APE, 33% of the 36 fintech specialists insist people should hold apecoin, and 17% say people should buy. Three-quarters of all the panelists believe apecoin (APE) is simply another meme coin asset like DOGE or SHIB. The fintech lecturer at Swinburne University of Technology, Dimitrios Salampasis, is very bullish about APE and thinks it could reach $45 by the year’s end. Although, Salampasis believes APE will only be worth $10 by 2030. “The current hype of NFTs is impacting the price of apecoin,” Salampasis said. “I am of the opinion that all these overhyped crypto assets will gradually disappear and lose their value because their utility potentialities are trivial.” Digitalx Executive Believes Apecoin Will Be Worth Zero by 2030 Another person who is bullish about APE’s price is Thomson Reuters’ technologist and futurist Joseph Raczynski as he believes APE could reach $100 by 2030. Finder.com’s co-founder Fred Schebesta also believes APE could reach $100 by 2030, but his 2022 forecast was below the panel average. Schebesta said he expects apecoin to end the year at $20 per unit. One bearish point of view came from Matthew Harry, the head of funds at Digitalx Asset Management. The Digitalx executive thinks APE’s current value is based on hype and he thinks by the year 2030, apecoin will be worth zero. “It looks to be an obvious play on the currently hyped themes of DAOs, Web3, and BAYC/Degen,” Harry explained in the report. “Have seen a thousand iterations of hypecoins designed to bring fresh retail capital into the space and not deliver.” While 75% of the panel believes APE is just “another memecoin,” 20% think APE has a future and 5% of the panelists said they were “unsure” about apecoin. what you think it will keep up or not APECOIN send your predication to us at [email protected]
Shiba inu holders can now get rewards for burning their SHIB tokens as the project’s development team officially launched the Shibaswap burn portal. According to the team, SHIB burners generate passive income in the form of RYOSHI rewards by holding on to a new token called “burntSHIB.” SHIB Army Celebrates the Token Burn Rate as Burn Portal Goes Live Supporters of the meme-based crypto asset shiba inu (SHIB) have been discussing the launch of the official Shibaswap burn portal. While SHIB network participants have been burning tokens for quite some time, the burn portal gives any SHIB owners with a Web3 wallet the ability to burn SHIB, and obtain passive income rewards for their burn participation. On Saturday, the Twitter account @shibainuart wrote: “The SHIB burn portal is LIVE — Burn SHIB, reduce its circulating supply, and generate passive income while doing so.” A great number of other SHIB supporters discussed the official burn portal hosted on Shibaswap as well. While Bitcoin.com News reported on SHIB’s burn rate jumping 26,000% on April 9, the burn rate settled down a great deal after that point. With the burn portal in place, shibburn.com data indicates that the burn rate is rising once again. Presently, the burn rate has increased by 347.35% during the last 24 hours. According to the official burn portal, the website says 1,441,683,884.82 SHIB since this post was written. “Welcome to the SHIB Burn Portal,” the website explains. “We’re excited to see you here. This burn portal is set to make it rewarding for users to regularly burn SHIB while effectively reducing its circulating supply.” The website further adds: This portal has been built to reward SHIB burners, with a passive income acknowledgement, in the form of RYOSHI rewards. Meaning that 0.49% of all RYOSHI transactions will be distributed to owners of burntSHIB. SHIB Team believes Every Burn Will Help ‘the Wealth of the Community Grow’ According to the burn portal website, SHIB burners that obtain burntSHIB will get an estimated 43.76% annual percentage rate (APR), but the APR does fluctuate. The website explains that users need to add the token burntSHIB to their Web3 wallet like Metamask. The SHIB burn portal hosted on Shibaswap on April 23, 2022. “Our hope is that with every burn, the wealth of the community grows, but also by rewarding the effort in the long term to make shiba inu one of the best digital assets in the history of cryptocurrencies,” the official burn portal explains. Meanwhile, many SHIB fans posted proof that they had burned SHIB on Twitter or shared the current burn rate percentage increases. Did you Believe Shiba Inu will replace dogecoin let's investment and hope for this your chance still here contact us at [email protected] and give us price you believe that SHIBA INU will get and get chance to win some :).
Following the confusion that surrounded initial reports, a senior staffer in the Central African Republic (CAR)’s presidency has now confirmed that bitcoin will become the country’s reference currency. First Country in Africa to Officially Adopt Bitcoin A press statement supposedly issued by the office of the Presidency of the Central African Republic (CAR) appeared to confirm reports by multiple media outlets suggesting that the bill passed by the National Assembly not only proposes to govern cryptocurrencies but recognizes bitcoin as a reference currency. In a statement posted on Facebook, Obed Namsio, the chief of staff, said President Faustin Archange Touadera’s government will support all necessary efforts that allow the country to “carry out this approach that places the Central Africa Republic on the map of the most courageous and visionary countries in the world.” Namsio said with this move the CAR had become the first country on the African continent to adopt bitcoin as a reference currency. Lauding the move, Namsio said: ""We are going on a new path that will mark a new milestone for our country while being aware of the difficulties we will have to face to continue our mission."" The chief of staff’s statement, however, appeared to contradict an earlier report by Bloomberg suggesting the bill passed had only gone as far as to propose the creation of a cryptocurrency regulator. Conflicting Reports In the report, Hervé Ndoba, the minister in charge of finance and budget, is quoted insisting the CAR is not about to follow in the footsteps of El Salvador, which became the first country to introduce bitcoin as legal tender. Rather, the proposed legislation only seeks to establish a regulatory framework, the report quotes minister stating. While the release of the French language statement is expected to end the confusion which followed the initial report which said the country had adopted bitcoin, Useful Tulips’ peer-to-peer bitcoin volume data starting in 2020 suggests interest in the crypto had been growing. In fact, by the end of September 2021, the CAR had, according to the data, become the country with the fifth-highest P2P volumes in Africa. Bitcoin ‘Undefeated’ Meanwhile, the news and Namsio’s apparent confirmation of CAR’s decision have delighted players in the crypto community. In comments shared with Bitcoin.com News, Christos Krokides of ARK36, a crypto hedge fund, said: “Bitcoin adoption continues undefeated by any geopolitical or financial global matters. Even in such uncertain times, the Central African Republic (CAR) adopted bitcoin as a legal tender marking yet another big step toward a global digital transformation. This initiative will completely transform the CAR’s digital infrastructure, which is now considered underdeveloped, by applying the blockchain technological innovation necessary for the project’s implementation.” Ransu Salovaara, the CEO of Likvidi, said that as “bitcoin gets bigger and bigger, it will become also more stable and that will speed up the government level adaptation even more.” However, others like Anthony Oduu, the co-founder and CTO at cross-border payment platform Verto, said a wider adoption of the crypto will depend on attitudes as well as how the country improves its infrastructure, elaborating: “Country-wide adoption will be very much dependent upon the performance of infrastructure and locals’ attitudes towards the currency. The Central African Republic does not have the best standard of telecommunications and digital infrastructure. In 2021, internet penetration was around 10% and mobile connections were available to just 30% of the population.” According to Oduu, the CAR needs to invest significantly in infrastructure in order to make digital currencies accessible to the entire population. Guess with us Who Next Country will join this Race and make bitcoin Legal if you guess send to [email protected] and you may win crypto.