Home Blog Page 2374

Dogecoin Proponent Elon Musk Says He Is Not Focused on Twitter Takeover

Lele Jima
-
0
Dogecoin Proponent Elon Musk Says He Is Not Focused on Twitter Takeover

Elon Musk, the CEO and founder of popular American company Tesla, has disclosed that he is not focused on acquiring Twitter. 

The Dogecoin proponent noted that less than 5% of his time is dedicated to the Twitter deal because acquiring the social media company is not a difficult task for him. He noted that he has been focused on his electric car company Tesla at all times.

“To be clear, I’m spending <5% (but actually) of my time on Twitter acquisition. It ain’t rocket science! Yesterday was Giga Texas, today is Starbase. Tesla is on my mind 24/7,” Musk said on Twitter.

The Tesla boss proceeded to share a photo of a man with his partner, who got distracted by another lady that walked past him. The man in the photo was labeled Elon, his partner is Tesla, while the lady causing the distraction was tagged Twitter.

Commenting on the photo, Musk said: “So may seem like below, but not true.”

Musk Moves Slowly to Acquire Twitter 

Since the Twitter board agreed to sell the social media company to Musk, the world has been anticipating interesting news from the Tesla exec.

However, aside from investments made by a few companies, including Binance, to finance the deal, not much progress has been made.

Musk shocked his followers on Tuesday this week when he disclosed that the Twitter deal will not move forward until the company’s CEO shows the extent of bot activities on the microblogging platform.

According to the Tesla exec, contrary to claims by the Twitter CEO that bots control only 5% of all accounts on the social media platform, there are actually 20% bots-owned Twitter accounts.

He added that renegotiating the Twitter deal from the previously agreed $44 billion to a lower amount was not out of the question.

His recent allegations that bots own 20% of Twitter accounts plunged the price of the company’s shares by 19% a few hours after the comment was made.

Musk Against Twitter Bots

It is worth noting that Musk has frowned against bots’ activities on social media platforms, as he revealed earlier that one of the reasons he wants to take over Twitter was to eliminate bots and their actors.

He disclosed that he would eliminate Twitter spam bots or die trying.

How To Mine Cryptocurrency In 2022

Mark Brennan
-
0
How To Mine Cryptocurrency In 2022

The opportunity to make money quickly has always been the number one issue, today the extraction of digital currency interests many people. Those who want to earn money have a huge number of opportunities. In particular, you can mine cryptocurrency and earn good money.

Mining-what is it?

The word mining originates from the concept of extract, obtain, and get. The essence of the process is to create crypto money using a special algorithm. A unique data block is generated on a home computer to verify the validity of transactions. As a rule, a block contains a hash, the title of the previous block, a random number, and a hash of transactions. At the same time, the chain with all transactions is called a blockchain.

Every blog discovered is rewarded in a certain way. They vary depending on the currency. The reward for Bitcoin will be reduced by 2 times every four years as a rule. So, since 2016, a reward of 12.5 bitcoins has been given, and this amount will be slashed to 6 bitcoins in 2020.

The Ethereum block is encouraged by 5 ETH.

The mining efficiency is entirely determined by the PC’s computing capability. The most effective approach is to keep some of the funds that have been mined rather than selling them all. That is, you can cover the cost of electricity, as well as service. However, most of it should still be postponed. And the longer the cryptocurrency is stored, the better. With the growth of the exchange rate, the miner will receive a good profit. It is worth noting that every novice miner should not forget about the possibility of using such technical assets as bots and robots, for example, DCA trading bot and etc.

What is needed for mining?

This is a question that many people have when they first start working with cryptocurrency. However, there are several demands that must be addressed, the most important of which will be discussed below. The expense of this equipment depends on the miner.

Equipment

  • GPU graphics card – powerful, not budget, modern one. The latest generation NVIDIA, and AMD cards are suitable. For example, AMD Fx is characterized by high performance in mining. It is preferable to utilize several video cards.
  • The farm is a computer equipped with an excellent cooling system. There should also be a motherboard with a huge number of available slots in which it will be possible to install video cards. It is worth noting that you can take any processor. It is only important that it works stably. The RAM must be over 4 GB.
  • As for the OS, in this case, it is recommended to use Microsoft Windows 10 Pro 64-bit. In addition, an operating system designed directly for the extraction of a certain type of currency is presented: ethOS for Ethereum and so on.
  • Internet with excellent ping.

How to mine without investments?

Many new miners are interested in how to mine without spending money. You may even get bitcoin on a laptop. To do so, you’ll need the following:

  • get a wallet for cryptocurrency;
  • choose the optimal mining method;
  • pick up generous taps with interesting working conditions, where profits will drip automatically;
  • timely withdraw Satoshi to your wallet;
  • using exchanges, change the cryptocurrency to rubles.
  • It is recommended to use licensed software from well-known manufacturers. It is good that signature databases are updated frequently.

How to assess profitability?

There are web resources that provide calculators of the profitability of mining on the network. When using them, it is enough to enter such data:

  • hashing speed;
  • cost of equipment;
  • energy consumption indicator;
  • the current value of bitcoins (other cryptocurrencies).
  • Profitability calculators can be found on such sites as BitcoinWisdom, ASIC Trade, BTCInvest, and more.

It is also realistic to use the Telegram WhatToMineBot bot, which allows you to calculate what is the benefit of mining under initial conditions. It is important to take into account that different resources and means can give different results. It is also worth devoting time to studying the theory of mining, to highlight for yourself the optimal ways and methods available for technical capabilities.

Prospects and risks

Bitcoin is a promising currency, which is due to its constant rise in price. According to experts, cryptocurrencies are presently profitable, especially when compared to the pace of growth.

Advisers recommend that newcomers to this market act with caution and avoid reacting to various speculative offers. It is suggested that they begin today by learning about investing. It’s critical to understand the market and be wary of all enticing deals. Currently, there are many scammers working in this field who are ready to tell a novice miner a lot of fairy tales just to get his money. Therefore, you should not give money to anyone. You should keep them at home. At the same time, only the miner is responsible for the safety of his financial savings. There is no need to shift responsibility to other people, otherwise, you can lose all investments.

Report: CoinShares’ Ripple (XRP) Holding Valuation Surged By $3.8 Million Between December 2021 and March 2022

Lele Jima
-
0
Report: CoinShares’ Ripple (XRP) Holding Valuation Surged By $3.8 Million Between December 2021 and March 2022

The value of CoinShares’ XRP holdings skyrocketed by over $3.83 million within a space of three months despite the ongoing legal battle between Ripple and SEC.  

Leading digital asset management firm CoinShares disclosed in its 2022 first quarter financial report that the value of its Ripple (XRP) holdings surged tremendously between December 2021 and March 2022.

Image

CoinShares, whose XRP holding was valued around £2,668,536 (approximately $3.4 million) at the end of Q4 2021, recorded an increase of $3.83 million in its Ripple holding in the first quarter of 2022.

According to the financial report, CoinShares reported that at the end of Q1 2022, its XRP holdings were worth a total of £5,738,972 ($7.17 million), suggesting an increase of $3.83 million between Q4 2021 and Q1 2022.

CoinShares Increased Its XRP Holdings By 4 Million

Although CoinShares did not disclose whether it added more XRP tokens to its holdings between the end of Q4 2021 and Q1 2022, looking at the prices of the asset class within the period, it is clear that more XRP were added to the firm’s Ripple portfolio.

At the end of Q4 2021, XRP traded around $0.84 while the cryptocurrency also traded around $0.86 at the end of Q1 2022.

Given the price differences in both quarters and CoinShares XRP valuation in dollar reported in Q1 2022, it is evident that the digital asset management firm increased its XRP holdings by over 4 million.

CoinShares’ Confidence in Ripple-Related Products

Aside from increasing its XRP holdings, CoinShares also bolstered its investment in Swiss online banking platform FlowBank to 29.3% in the first quarter of 2022.

According to reports, CoinShares boosted its investment in the company in a bid to promote “increased digital asset exposure for FlowBank’s clients using its platform.”

It is worth noting that FlowBank uses Ripple’s payment partner Temenos to power its platform. Although it is not clear whether CoinShares also uses Temenos’ capabilities to facilitate transactions, its investment in FlowBank draws it closer to Ripple.

CoinShares Unbothered by Ripple v. SEC Lawsuit

Meanwhile, the U.K.-based digital asset management company appears to be bullish on XRP despite Ripple’s ongoing lawsuit with the United States Securities and Exchange Commission (SEC) that has caused the coin’s price to decline by a large margin.

The lawsuit is far from over as new developments continue to unfold on a weekly basis. At the moment, there is no guarantee that the lawsuit will end this year.

However, investors are hoping that the outcome of the lawsuit should be in Ripple’s favor in order to push the price of XRP back to its all-time high of over $3 recorded on January 4, 2018.

CoinShares does not seem deterred by the lawsuit, as it has steadily increased its position in the sixth-largest cryptocurrency by market capitalization.

SHIB x Redbull: Redbull Seems Ready To Fly With SHIB Army

Zabi
-
0
SHIB x Redbull: Redbull Seems Ready To Fly With SHIB Army

SHIB Army is once again being teased by Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem with the upcoming partnership. (Shiba Inu x Red Bull)

Shytoshi Kusama and official SHIB Growth Breed members hint at a possible upcoming partnership with Redbull as they revealed via a tweet that they had just finished a successful meeting with the brand.

This partnership would be marked as the third biggest partnership in the in-real-life (IRL) business industry for SHIB, following John Richmond and Welly.

SHIB x Redbull:

Soon after the meeting ends, Shytoshi Kusama thanked Redbull to chat with the Shiba Inu team and posted the following tweet:

“Thanks for the chat about everything #SHIB. @redbull! Looking forward to speaking more in the future!”

Official SHIB Growth Breed member, MILKSHAKE also confirms that she was also in the meeting. MILKSHAKE is supposed to be the first SHIB Growth Breed member who has led this campaign from the front and made the meeting possible. She was the first to ask Redbull for collaboration with Shiba Inu via her tweet posted on 18th April 2022.

Later, on April 27, she reportedly sent an email to the energy drink brand. To which, she got some positive responses as she noted in her another tweet:

“Got a reply today, let’s see where this goes. Not getting excited yet, but it’s a great step forward.”

Following this, Shiba Inu Community also become active and began impressing the most popular energy drink brand with their power by tagging it to their tweets, giving shoutouts, and much more. Finally, Redbull embraces the power of the SHIB Army and gets in touch with the Shiba Inu team.

The details about the partnership are not disclosed publicly yet, but the tweet from the lead SHIB developer hints that the partnership is open to happening in the future.

Redbull, the most popular energy drink brand is no stranger to crypto as Red Bull has already signed two back-to-back sponsorship deals in the month of February.

February 9, 2022: Red Bull Racing reportedly signed a five-year deal with technology firm Oracle in February. The partnership sees Oracle join as title partner, renaming the team to Oracle Red Bull Racing.

February 16, 2022: Red Bull signed a $150 million sponsorship deal with crypto exchange Bybit.

Dogecoin (DOGE) Founder Says He Is No Longer Working On the Memecoin Project 

Lele Jima
-
0
Dogecoin (DOGE) Founder Says He Is No Longer Working On the Memecoin Project 

Billy Markus drops another shocking revelation as he reveals that he is no longer working on the Dogecoin project. 

In what came as a shock to many enthusiasts, Billy Markus, the co-founder of Dogecoin (DOGE), has disclosed that he is no longer on the team developing the world’s largest memecoin.

Markus made the revelation today on microblogging platform Twitter in a bid to inform his new followers, whom he believes are prompted to follow his account because they are under the notion that he is one of the lead developers of the memecoin.

The outspoken Dogecoin founder said he has not worked on the project for nearly eight years as he has been focused on helping people see the entire cryptocurrency market in its real nature.

“Since a lot of new people follow me, I wanna make some things clear:

– I don’t work on dogecoin anymore, i haven’t for 7.5 years, and i won’t ever again

– One goal here is just to help people see the crypto market for what it is. doing so in an amusing way is a bonus,” Markus noted on Twitter.

Markus Focuses on the Entire Crypto Market

With Markus not working on the Dogecoin project for seven and a half years, he said he has channeled his energy to helping people see the cryptocurrency market for what it really is, in order to have the perfect understanding.

His tutoring of the cryptocurrency market is focused on “why [the market is] a blend of hopium, [fear of missing out], panic, scams, hype, irrationality, gambling, and silliness, with a small dash of utility sprinkled around.”

This comes less than a week after Markus said 95% of cryptocurrency projects in the market are garbage and scams with no real utility. The statement sparked a heated debate on Twitter, with members of the cryptocurrency community weighing in on the topic.

Markus Still Committed to Dogecoin Despite Recent Statement

Despite not working on Dogecoin for nearly eight years, Markus said the memecoin is in a better and healthier place than it was a few years back.

He applauded developers who have continued to release significant projects to the Dogecoin’s ecosystem as part of efforts to promote widespread adoption of the coin.

Although Markus may not be working on Dogecoin as claimed, he has not stopped defending the cryptocurrency from illicit actors as well as promoting its widespread adoption.

Markus is one of the pioneers pushing for Dogecoin to be added to Twitter’s Tipping Jar service, which he believes will bolster adoption of the coin.

Amazon CEO Jeff Bezos Admires The Dogecoin Founder

Mark Brennan
-
0
Amazon CEO Jeff Bezos Admires The Dogecoin Founder

 

Jeff Bezos Admires The Dogecoin Creator On Twitter.



To some people, Dogecoin is still just a funny memecoin that was created as a joke. That’s despite the fact that DOGE has gained ground and is currently being accepted as payment in various enterprises across the world. Going by this theory, it would make sense for some people to think that the memecoin’s creator is also a joker.

For one, Billy Markus is no joker when it comes to contributing to the crypto industry as well as other social issues. It’s for this reason that Amazon’s founder Jeff Bezos thinks Billy Markus is a great and thoughtful guy.

Sibetoshi Tweet Politricks

In a recent tweet, Billy Markus opined that the craftiest way to turn moderates into either Democrats or Republics, is for either side to act ill-mannered towards the moderates. Billy didn’t share his personal opinion about whichever political divide he leans towards, but the tweet appeared as a clever post by someone who may be otherwise ignored by the big wigs as a shitposter. But Amazon’s Jeff Bezos didn’t miss the point.

Jeff Bezos Likes Billy

Bezos noticed Billy’s tweet and sent out a response, confessing that although Billy often calls himself a shitposter, it doesn’t appear so when he tweets wise stuff. Jeff went ahead to coin his reference to Billy Markus, calling him a “wiseposter.”

 

From an optimistic point of view, this newfound “bromance” between Bezos and DOGE’s creator could mean something. If Bezos is referring to Billy as wise, and Billy is the creator of Dogecoin, does it mean that Jeff Bezos is a fan of DOGE? Time will tell if the two will continue talking and if the conversation will touch on DOGE.

Floki Inu Surge 10% as Memecoin Gets Listed On Top Canadian Exchange With $4.4 Billion Daily Volume

Albert Brown
-
0
Floki Inu Surge 10% as Memecoin Gets Listed On Top Canadian Exchange With $4.4 Billion Daily Volume

Floki Inu Listed On Top Canadian Exchange.



It’s a good day for the Floki ecosystem as news of its latest exchange listing makes the headlines across the crypto information base.

According to a Twitter update sent out by Floki’s official handle, the crypto has just scored a listing on the Biconomy exchange. Biconomy is one of the top crypto exchanges based in Canada.

 

FLOKI INU Exposed To Over 300,000 Users

The listing will bring good tidings to the Floki Inu ecosystem since the crypto will now be exposed to a new expansive Canadian crypto user base totaling over 300,000 users. Coupled with a daily transaction volume of over $4.4 billion, Biconomy is surely the ace that has been missing to take Floki Inu mainstream. Indeed, the Floki Inu community aims to make the coin a household name across the world. The listing by Biconomy will be a great push to this effect.

Coin Will Enter Key Markets

For crypto like Floki, being exposed to a new market spanning hundreds of thousands of new users is a sure way to enter various new markets. According to the Twitter update referred to above, the listing will put Floki in a better position to “build and prepare for world domination.”

The exchanges also sent out a tweet announcing Floki’s listing on the trading platform, saying that this new development will help the Floki ecosystem merge the power of memes with charitability and real utility. It’s a fact that of late, a lot of meme coins, including Dogecoin and Shiba Inu, have had their communities making efforts to transform them into utility coins.

Floki Price Gaining

A look at the current market standings for Floki Inu indicates a clear impact in terms of price gain. At the time of this writing, FLOKI is trading at $0.0000096 and recording a 10% price upsurge in the last 24 hours. As news of the listing spread, this upswing may hold or even increase. Historically, every cryptocurrency tends to experience a price spike when listed on a major exchange.

Critics Blast Do Kwon, Saying Terra Could Have Saved LUNA By Burning 6.5T Coins With $1.3 Billion Reserves

Mark Brennan
-
0
Critics Blast Do Kwon, Saying Terra Could Have Saved LUNA By Burning 6.5T Coins With $1.3 Billion Reserves

 

Do Kwon And Terra Could Have Saved LUNA With The $1.3 Billion Reserve But They Did Everything Wrong.



The troubles facing Terra Luna and UST continue to spark heated debates and conversations within the crypto community. LUNA was once a great project that has now turned into dust.

Some are already pointing fingers at Terraform Labs and Do Kwon, claiming that the two entities, with Do Kwon being the company’s leader and de facto owner, had played a part in fleecing investors of billions of dollars that were turned into pennies when Luna and UST crashed.

A Reddit post has now surfaced, with the Critic detailing what they think could have been the ultimate steps taken that could have saved LUNA and UST from the current predicament.

Apparently, the Luna Foundation Guard (LFG) held around $1.3 billion in reserves meant to keep the Luna and UST market stable. At prices estimated at $0.0002, this fund could have bought roughly 6.5 Trillion Luna to be burned and possibly sparked a price upswing to reverse the damage.

“Victims Of Their Own Stupidity”

However, according to the poster, Do Kwon and his team didn’t do that. Instead, they resolved to buy UST at high costs, and this didn’t work. Eventually, UST had to be de-pegged from the USD as it capitulated to very low-price levels. In essence, it seems that Terra just threw $1.3 billion away with no notable effects on what it was meant to accomplish. In this case, the Terra team deployed the LFG incorrectly, and that amounts to incompetence.

The Reddit post read:

“…So if they had not deployed their reserve stupidly buying UST at high prices (as they claim), they could have EASILY recovered the project by deploying their reserves by buying the excess LUNA now. Over time, they could have replenished their reserve.

They are victims of their own stupidity and incompetence for not deploying the LFG reserve correctly. They bought the wrong token at the wrong time.”

Did They Steal The LFG Reserves?

A section of the crypto community has been up in arms accusing Do Kwon and Terraform Labs of stealing the LFG funds. Another Reddit post by different poster details the money flow of funds, especially the reserve BTC held in the LFG during the crash.

It Could Have Been A Bad Idea

Still, there are those that feel that using the LFG to buy off LUNA and burn it would have been a bad idea and wouldn’t have solved the problem. However, the current state of affairs indicates that the Terra community wants an amount of LUNA tokens to be burned out of the ecosystem, suggesting that it could work to shore up the price. Whether Do Kwon and his Terra team will adopt this proposal is still a subject of speculation.

Ripple Commits $100 Million Towards the Development of Carbon Removal Solutions 

Lele Jima
-
0
Ripple Commits $100 Million Towards the Development of Carbon Removal Solutions 

The popular blockchain company is still in the business of sponsoring carbon removal solutions. 


Following its mission to achieve carbon net zero by 2030, popular fintech company Ripple has made a $100 million commitment to aid and support the development of carbon removal solutions.

Ripple noted in a press release today that the fund will be invested in companies developing carbon removal solutions, in a bid to facilitate carbon removal activities while modernizing the global carbon market.

How Ripple Plans to Use the Funds

Notably, the popular blockchain company plans to use part of the fund to develop a portfolio of natural and science-based carbon credits as part of efforts to meet its net zero 2030 goal.

The funding will also come in handy to support new functionalities and tools that aid carbon credit non-fungible tokens on Ripple’s XRP Ledger (XRPL), the announcement adds.

According to the press release, the $100 million commitment made by Ripple will help achieve the global climate goal, which tends to reduce the world’s temperature rise to at least 1.5 degrees celsius.

What Prompted the Investment

Ripple noted that it made the $100 million commitment because the global carbon market is struggling to meet up with the skyrocketing demand for carbon credit solutions.

The fintech company noted that before the world’s carbon markets can reach climate goals, it would require improved infrastructure for both buyers and sellers.

Commenting on the development, Brad Garlinghouse, Ripple’s CEO and founder, said the firm’s $100 million commitment to the carbon market is in response to widespread calls for companies to address global climate change by channeling resources, including monetary and talent, to tackle the issue.

“Blockchain and crypto can play a catalytic role in allowing carbon markets to reach their full potential, bringing more liquidity and traceability to a fragmented, complex market,” Garlinghouse added.

Ripple Focus on Developing Carbon Credit Solutions

Despite its ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC) that has plunged the price of XRP, the cryptocurrency linked to the company, Ripple has been devoted to supporting the development of carbon credit solutions.

Last month, Ripple announced a partnership with Invert Inc., a carbon offsetting company, in a bid to develop carbon solutions.

In March, Ripple’s chairman Chris Larsen also announced a $5 million pledge to sponsor a campaign that will force the world’s largest cryptocurrency Bitcoin (BTC) to transition from its Proof-of-Work (PoW) algorithm to a Proof-of-Stake (PoS).

Whale Buys 110 Billion Shiba Inu, Top 500 ETH Whales Now Holds $674M Worth Of SHIB

Zabi
-
0
Whale Buys 110 Billion Shiba Inu, Top 500 ETH Whales Now Holds $674M Worth Of SHIB

 

Shiba Inu (SHIB) among Top 10 Purchased Tokens as giant ETH Whale Adds $1.31 Million Worth of SHIB.



Shiba Inu (SHIB) becomes one of the top 10 purchased tokens among the 500 biggest ETH Whales in the last 24 hours as a major ETH Whale has just added 110.65 Billion SHIB to her wallet in one transaction.

As per WhaleStats’ recent report, the 302nd biggest ETH Whale named “BlueWhale0073” has just accumulated a whopping total of 110,654,459,259 (110.65B) SHIB, worth $1,313,468 ($1.31M) in one significant transaction.

Etherscan.io reveals some interesting information about the aforementioned transaction.

Within 16 minutes of the purchase, the Whale has reportedly made one “OUT” transaction and transferred a total of 116,728,251,707 (116.72B), worth $1,348,754 ($1.34M) to one of the mysterious SHIB whales,  leaving her total SHIB balance with 7,215,260,528 (7.21B) SHIB, worth $83,336, Etherscan.io reports.

This is not the first time BlueWhale0073 has sent this much SHIB to the mysterious wallet. Formerly on Monday (16th May), the whale scooped up 375,977,961,547 (375.97B) SHIB, worth $4,522,488 ($4.52M) through one significant transaction, and then transferred 376,305,151,637 (376.30B) of SHIB, worth $4,526,524 ($4.52M) to the same mysterious wallet address.

This mysterious activity from the Top ETH Whale has continued since Robinhood listed SHIB. Since then, she has transferred a whopping total of 4.50 trillion SHIB, worth $51.78 million (as of current price), to the mysterious wallet.

Besides all this, the recent accumulation from the ETH whale makes SHIB one of the top 10 purchased tokens among the 500 biggest ETH Whales in the last 24 hours.

WhaleStats data further confirms that the Shiba Inu token keeps on enjoying the 2nd biggest holding position by dollar value among the top 500 ETH Whales. These top wallets now hold $674,259,545 ($674.25M) worth of SHIB.

1...2,3732,3742,375...2,634Page 2,374 of 2,634