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Nigerian Entrepreneurs and Developers to Gain Exposure to Cardano (ADA) 

Lele Jima
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Nigerian Entrepreneurs and Developers to Gain Exposure to Cardano (ADA) 

Cardano enthusiasts are preparing to foster widespread adoption of the network among Nigerian entrepreneurs. 

Following its successful launch this year in Lagos, Nigeria, the team behind the Cardano Blockchain Founders Hangout (BFH) announced that it would be holding its third conference in the country’s capital, Abuja.  

According to a report by Business Today, the event is scheduled to be held on September 25, 2022, and it will drive Cardano awareness among entrepreneurs and web3 developers in the country. 

Details of BFH3

Notably, Vincent Li and Chuta Chimezie, both partners of Cardano accelerator Adaverse will be attending the event tomorrow. The meeting will focus on the challenges Web 3.0 startups have faced, and the possible solutions to address these problems. 

“The event will highlight ground-breaking Web3 projects in Africa, Adaverse portfolio companies, EMURGO Africa’s investment goals, and how young entrepreneurs can get support for startup growth,” Business Today noted. 

Cardano Blockchain Founders Hangout was launched in Lagos Nigeria this year. The event recorded huge success, with over 200 people in attendance, including policy experts, web2 and web3 startup founders, as well as cryptocurrency enthusiasts. BFH was launched in Nigeria by EMURGO Africa in collaboration with Adaverse, and plans are being made to also host the event across other African countries.  

 

Shiba Inu Team Shares Details About $5,000 Trailer Contest for Shiba Eternity

Mark Brennan
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Shiba Inu Team Shares Details About $5,000 Trailer Contest for Shiba Eternity

The team has released more details about the Shiba Eternity trailer contest.


As reported, the Shiba Inu community will be allowed to download the long-awaited Play-to-Earn (P2E) game, Shiba Eternity, on their Android and iOS devices on October 1, 2022.

With the general public set to download Shiba Eternity on October 1, 2022, the team behind the game’s development has shared more details about the trailer contest for the game.

Shiba Eternity Contest Requirements

In a tweet today, the Shiba Eternity team said all trailers must be exactly 30 seconds long, adding that contestants are allowed to add voice, audio, graphics, videos, screenshots, and other creative concepts to the video. 

However, contestants must add “TM” at the end of all “Shiba Eternity” wordings or photos used in the trailer. After production, contestants are requested to submit the trailers to the official Shiba Eternity Discord group on or before September 27, 2022, at 9 PM EST.

The contest winner will be paid $5,000 in SHIB and required to grant the Shiba Eternity team the right to showcase the video on mobile app stores and social media platforms.

 

The judges for the contest include lead developer Shytoshi Kusama, Shiba Eternity consultant William Volk, and Shib Queenie, a member of Shiba Inu Growth Breed.

Dogecoin May Set For A Breakout, Says Santiment

Albert Brown
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Dogecoin May Set For A Breakout, Says Santiment

 

Dogecoin is among the leading crypto assets faced with increasingly negative sentiment.



On-chain and social sentiment analysis platform Santiment Feed, in a tweet on Friday, revealed that Dogecoin is facing increasing levels of fear, uncertainty, and doubt (FUD), indicating that the popular meme coin could be primed for a breakout.

“The majority of crypto assets are seeing major negativity from the trading community right now. But keep your eye on BTC, BNB, DOGE, and LINK. These top caps are showing particularly high levels of FUD that can lead to eventual breakouts,” tweeted Santiment.

 

It bears mentioning that DOGE is no stranger to making unexpected rallies, especially as it continues to retain the support of key influential figures like Tesla chief Elon Musk. The token exploded to highs of $0.73 in May last year, riding on nothing but the hype from evangelists like Musk and Mark Cuban.

Notably, Dogecoin users may soon be able to access Ethereum smart contracts. The Crypto Basic reported in August that the Dogecoin bridge with Ethereum has entered the final stages of development, with the launch expected later this year.

It is now the second largest proof-of-work (PoW) network and has received increased attention from whales in the past week. Notably, within the period, Doge attracted six new whales who accumulated over 620 million DOGE in total.

Dogecoin is trading at the $0.06549 price point, 7.32% higher in the last 24 hours, leading market gains among the top 10 crypto assets by market cap.

395 Million XRP Moved By Ripple Whales As XRP Becomes Week’s Top Gainer

Lele Jima
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0
395 Million XRP Moved By Ripple Whales As XRP Becomes Week’s Top Gainer

Ripple whales transferred another large volume of XRP coins.


As the price of Ripple (XRP) continues to rally, whale investors have been transferring large volumes of XRP. Whale Alert, a crypto whale tracking service, observed these large XRP transactions in 24 hours. 

According to the whale tracking platform, high net worth XRP investors have moved a combined 395,223,746 (395.2million) XRP in the past 24 hours. The 395.2 million Ripple coins moved are worth $197.61 million at the current exchange rates.

Details of the Transaction

Six hours ago, an anonymous whale transferred 54.1 million XRP worth around $24.56 million from a Bitso address to an unknown wallet.

In a similar development, another anonymous Ripple whale transferred 30 million XRP ($14.76 million) to an unknown wallet from Bitstamp.

Twenty-five million XRP worth $12.33 million were deposited to Bitstamp by an unknown Ripple whale, while 54,123,746 were withdrawn from the exchange by another anonymous user.

Furthermore, 60 million XRP ($29.64 million) were deposited to Bitstamp by another anonymous Ripple whale a few hours later.

In this latest round of XRP transfers, 40 million XRP coins were deposited to Bitso, an official partner of Ripple’s ODL service, by an unknown whale.

The largest XRP transfer occurred was between two unknown whales in the last 24 hours. According to Whale Alert, 132 million XRP, valued at around $61.93 million at the time of the transaction, were sent from one unknown wallet to another.

Week’s Top Gainer:

According to Coinmarketcap, XRP started the week at $0.36 and is now trading at $0.49, becoming the week’s top gainer with 41% returns.

XRP top gainer of the week
XRP top gainer of the week

XRP return on investment is 8295.65%, up 17497.62% from the all-time low price of $0.002802.

Ripple General Counsel Sees Digital Assets As the Future, Says Crypto Is Here to Stay

Albert Brown
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0
Ripple General Counsel Sees Digital Assets As the Future, Says Crypto Is Here to Stay

Alderoty solidly throws his weight behind crypto’s future success.


In a recent Politico Live interview, Stuart Alderoty, the General Counsel at Ripple, was asked to give his prediction on the future of crypto.

Responding to the question, Alderoty said at this early stage; it is difficult to tell how things will be for crypto in the future. He added that the question was similar to asking people in 1995 to comment on the future of the internet. However, Alderoty is confident that cryptocurrency is here to stay and would play an integral role in different sectors globally.

Alderoty’s Comment

“What I do know is that crypto is here to stay. It is the future. If you don’t understand it, you’re not alone,” Alderoty was quoted as saying, adding: “You probably didn’t understand the internet to the extent that you’re alive in 1995, and you probably can explain the internet today that you know it is something you cannot live without.”

Ripple’s general counsel sees cryptocurrency and blockchain as tools that will go on to improve people’s lives on a personal level. However, he believes the responsibility of making crypto and blockchain a force to reckon with on a global scale is on developers and entrepreneurs.

“How [does] that manifest itself? I think it’s really up to the geniuses and the entrepreneurs, engineers, and the coders who know the inner workings of this technology function,” he concluded.

Alderoty Also Calls for Clear Crypto Regulations

While Alderoty is confident that technology experts will contribute immensely to the future of crypto, he has not failed to call for clearer crypto regulation to enable the industry to thrive.

This has prompted him to slam the SEC on different occasions for seeking to self-appoint itself as the cop on the beat for crypto. As reported by TheCryptoBasic, Alderoty said the Securities and Exchange Commission is prioritizing protecting its turf at the expense of U.S. citizens, following its regulatory approach in the crypto sector.

MEXC Global Resumes 1.2% Terra LUNA Classic (LUNC) Tax Burn On Spot Trading

Mark Brennan
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MEXC Global Resumes 1.2% Terra LUNA Classic (LUNC) Tax Burn On Spot Trading

 

MEXC once again throws its hat in the ring for the LUNC community.



In a tweet today, popular Terra Rebel, Vegas revealed that leading crypto exchange MEXC Global appears to have resumed the tax burn on spot trading activities, sharing an excerpt from their blog post indicating that they would share the transaction ID proof for burns made from today till October 1 as part of a weekly update system.

“So it seems that Mexc is once again supporting tax/burn on spot trading. Well played MEXC_Global,” tweeted Vegas.

 

It bears mentioning that MEXC Global was one of the first crypto exchanges to indicate support for the 1.2% LUNC tax burn proposal. The exchange launched a 2-week LUNC burn event for spot trading activity even before the community concluded voting on the proposal. MEXC burned over 466 million LUNC within the period.

The latest move by the exchange makes it the first major crypto exchange to pledge support for off-chain LUNC burns following the implementation of the on-chain tax parameter. It currently hosts a combined $7 million in LUNC trading volume in the last 24 hours, a little over 1% of the total LUNC trading volume across all exchanges.

The move comes on the heels of top crypto exchange Binance indicating interest to charge and burn the 1.2% tax from off-chain activities if certain conditions are met. Notably, Binance chief CZ proposed an opt-in system to allow users to choose to be charged the tax in a Twitter Ask Me Anything (AMA) session yesterday.

LUNC is currently trading at the $0.0002523 price point, down 8.51% in the last 24 hours. While the price has been on a steady decline recently, it may be for the best as it allows users to carry out transactions with greater LUNC volume, which allows for greater burning. Over 950 million LUNC has been burnt since the tax parameter change.

Binance Becoming Serious To Implement Terra Classic 1.2% Tax Burn on Trading, Proposes Three New Steps To Burn LUNC

Mark Brennan
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Binance Becoming Serious To Implement Terra Classic 1.2% Tax Burn on Trading, Proposes Three New Steps To Burn LUNC

Binance’s Changpeng Zhao, CZ, Says LUNC 1.2% Burn Will Be Implemented On Spot Trading After These 3 Steps.


CZ expands on Binance’s roadmap to implement the 1.2% burn on all LUNA Classic (LUNC) spot trading activity.

In a blog post released Friday following an Ask Me Anything (AMA) session on Twitter where the Binance chief proposed a compromise to implementing the 1.2% burn on spot trading activity, CZ reveals how the exchange plans to implement it.

As per the blog post, it will be a 3 step process. In the first step, Binance will create an opt-in button to allow users to opt in to pay the 1.2% tax on their LUNC trading activity.

Secondly, once the users who opt-in account for 25% of the LUNC held on the exchange, the tax will kick in for users who opted to pay.

Finally, in step 3, once the opt-in accounts make up 50% of the total trading volume, the exchange will implement the tax on all trading activity.

However, it bears mentioning that there are conditions. 

“If the threshold for Step 2 cannot be reached within a month of the completion of Step 1, or falls back below the threshold in the future, we will remove the opt-in feature to keep to a simpler user-experience,” reads the blog post.

Notably, CZ’s proposal yesterday has been hailed by many in the Terra community as equitable and, if successful, could prove a big step forward for the community on its path to reducing LUNC supply. Binance continues to host the largest volume in terms of LUNC trading activity, with nearly $370 million in LUNC volume in the last 24 hours.

Wu blockchian the popular crypto media news source, writes:

“According to Binance, When the opt-in accounts reach a holding of 25% of the total LUNC held on Binance, we start to charge 1.2% tax for all opt-in traders when they trade LUNC. When reaching 50%, we will roll out the 1.2% trading tax for all LUNC trading.”

Since the community implemented the 1.2% LUNC tax burn proposal on Wednesday, over 950 million LUNC have been burnt. The supply remains at about 6.9 trillion, a long way from the 10 billion supply target. However, burns have increased as the days go by, with over 455 million burnt yesterday alone.

Famous YouTuber Ben Armstrong (Bitboy) Says XRP Is Rallying As SEC Gave Up Its Quest to Prove XRP A Security 

Lele Jima
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0
Famous YouTuber Ben Armstrong (Bitboy) Says XRP Is Rallying As SEC Gave Up Its Quest to Prove XRP A Security 

Armstrong says the SEC has given up in trying to prove the XRP is a security.


Holders of Ripple (XRP) had a good reason to smile in the past few days after the token’s value had a tremendous rally. XRP recorded huge gains in the past few days, rallying more than 50% in one week.

Prominent YouTuber Ben Armstrong, who goes by the brand name Bitboy Crypto commented on what is fueling the value of XRP. Armstrong took to Twitter yesterday to say that XRP is on the rise for multiple reasons.

However, he believes XRP has soared over 50% in the past week because the Securities and Exchange Commission (SEC) has given up on its quest to prove that the coin is a security.

Armstrong added that Ripple enthusiasts are now confident that the worst-case scenario Ripple could face if it loses the lawsuit is a fine instead of a blanket ban from operating in the United States.

“XRP is pumping for multiple reasons. But if I were to pinpoint one… the SEC basically gave up this week trying to prove XRP is a security. People in the Ripple community can be pretty confident now the worst-case scenario is fine,” he said. 

Attorney Deaton Reacts

The famous YouTuber’s tweet attracted reactions from various members of the Ripple community, including attorney John Deaton, the founder of Crypto Law.

Reacting to the post, Deaton said the SEC stopped relying on one of its experts, who wanted to prove XRP investors counted on making a profit when acquiring the asset class. He added that the SEC gave up this quest after they acted.

Proving what investors relied on when purchasing XRP was “the only Hail Mary” the SEC had at proving that XRP on secondary markets is security, Deaton said. This also boosted investors’ confidence that the judgment could favor Ripple.  

It is noteworthy that XRP has been rallying after Ripple and the Securities and Exchange Commission filed their motions for summary judgment, thus suggesting the end of the lawsuit is closer than expected. 

More so, several cryptocurrency legal practitioners who have been following the lawsuit went through the recent filings to find out which of the parties is capable of winning the lawsuit. 

In a lengthy Twitter thread, attorney Deaton summarized the SEC’s motion and hinted that the commission could fail to prove XRP is a security.

Veteran Trader Shares Worrying Cardano (ADA) Chart Pattern, Charles Hoskinson Responds

Mark Brennan
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Veteran Trader Shares Worrying Cardano (ADA) Chart Pattern, Charles Hoskinson Responds

Cardano (ADA) looks set for more downside.



In a tweet on Friday, veteran trader Peter Brandt with a history of making very accurate calls in the crypto market, refusing to allow comments shared his ADA chart showing that the asset remained in a descending triangle chart pattern.

 

It bears mentioning that Brandt first shared the chart pattern over a week ago, asserting that if the asset remained in the descending triangle, it is likely to have one more significant decline.

 

Brandt’s most recent tweet comes just after Cardano successfully executed a significant upgrade two days ago. The long-anticipated Vasil hard fork that promised improved scalability and smart contract functionality went live on Thursday after months of delay.

Unsurprisingly, Brandt’s tweet did not go well with the Cardano faithful, who resorted to using quote tweets to call out the veteran trader for choosing to disable comments, asserting that the technical analyst lacked confidence in his analysis. In addition, Cardano founder Charles Hoskinson using the same medium, faulted Brandt for not factoring macroeconomic conditions in his analysis.

“Chart people once again forget to remember that there is apparently an entire world out there,” said Hoskinson. “It has like central banks, nations, economies, supply chains, and even wars. Amazing right? And all of those factors actually have an impact on markets. I’m also super surprised.”

Notably, Hoskinson had previously asserted that the current state of the crypto markets does not accurately reflect the strength of crypto projects, expressing his belief that Cardano is stronger than ever. Hours before the Vasil hard fork, some Cardano stats shared by Hoskinson revealed that over 25 billion ADA had been staked, representing over 70% of the total supply, reflecting strong long-term investor conviction. Additionally, the asset has seen increased social interest, as reported by Santiment.

ADA is currently trading at the $0.4653 price point, 1.08% lower in the last 24 hours.

Shib Holders Can Now Buy Instant Coffee With Shiba Inu

Zabi
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0
Shib Holders Can Now Buy Instant Coffee With Shiba Inu

Waka Coffe and tea now allow users to buy Coffe with Shiba Inu.


California-based Waka Coffee & Tea recently entered into a partnership with a leading cryptocurrency exchange Crypto.com to use its payment service to accept Shiba Inu (SHIB) along with 28 other major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Ripple (XRP) as a payment method.

The partnership also allows Waka to introduce its products to millions of potential consumers using the Crypto.com App and target a younger consumer base – especially those who are interested in paying with cryptocurrencies.

Founded in 2018, Waka is a California-based direct-to-consumer coffee and tea company. The company aims to provide its consumer with an effortless solution for making delicious drinks at home or on the go with their quality instant products. The company is famous for using only 100% Arabica coffee beans. Besides this, Waka is committed to helping create a better environment and the sustainability of the coffee industry while using a portion of the proceeds of each sale to sponsor clean water projects around the globe.

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