Home Blog Page 2390

Dogecoin Founder Reacts to MicroStrategy Michael Saylor’s Bitcoin Comment, Asks If He Has a Life Outside BTC 

Lele Jima
-
0
Dogecoin Founder Reacts to MicroStrategy Michael Saylor’s Bitcoin Comment, Asks If He Has a Life Outside BTC 

Dogecoin pseudonymous founder wants to know whether MicroStrategy CEO has a life outside Bitcoin.

Michael Saylor, the CEO and founder of leading business intelligence company MicroStrategy, has not failed to promote the world’s largest cryptocurrency by market capitalization Bitcoin (BTC). 

On multiple occasions, the Bitcoin proponent has taken to popular microblogging platform Twitter to profess his undying love for the top asset class, while advocating for its widespread adoption. 

A quick glance at Saylor’s Twitter profile would tell anyone how committed the MicroStrategy CEO is in promoting the global adoption of Bitcoin. 

Dogecoin Founder Questions Saylor’s Bitcoin Dedication

While these comments have been applauded by Bitcoin enthusiasts, supporters of other cryptocurrencies no longer seem comfortable anymore with Saylor’s BTC calls. 

In a recent tweet, Saylor stated that people who understand Bitcoin are buying the asset class, while people who lack knowledge about the cryptocurrency only talk about it. 

“People who understand #bitcoin buy it. People who don’t understand #bitcoin talk about it,” Saylor tweeted recently. 

The post has so far amassed over 17,000 likes and nearly 2,000 comments from cryptocurrency enthusiasts, including Dogecoin’s pseudonymous founder, Shibetoshi Nakamoto. 

In response to Saylor’s post, Dogecoin’s pseudonymous creator asked the MicroStrategy boss if he ever engaged in other activities or interests aside from Bitcoin. 

“Michael Saylor do you have any interests or activities or do anything at all other than #Bitcoin,” Shibetoshi Nakamoto quizzed. Saylor responded by sharing a gif of himself with lightning in his eyes. 

The MicroStrategy boss is not ashamed of professing his undying love for the world’s largest cryptocurrency, especially as the company is considered the world’s largest publicly traded corporate Bitcoin owner, with a holding of over 129,200 BTC. 

Saylor Not Interested in Dogecoin 

Meanwhile, last year, Saylor disclosed that he is not interested in investing in two of the world’s biggest memecoin Dogecoin (DOGE) and Shiba Inu (SHIB). 

“I have no opinions about one dog coin vs. another dog coin. I stay in my lane, Emily,” said in an interview. 

Mysterious Wallet Continues Shiba Inu (SHIB) Accumulation, Purchases Nearly 685 Billion SHIB

Zabi
-
0
Mysterious Wallet Continues Shiba Inu (SHIB) Accumulation, Purchases Nearly 685 Billion SHIB

The Mysterious Wallet Address Purchased 684.99 Billion Shiba Inu (SHIB), worth $14.19 Million within Less Than 48 hours; “BlueWhale0073” Transfers 372.48 Billion SHIB, Worth $7.71 Million To The Mysterious Wallet

A mysterious whale added a whopping 684.99 billion Shiba Inu (SHIB), worth $14.19 million through six transactions to her portfolio in less than 48 hours.

During the period, the mysterious whale interacted with a total of 3 different wallet addresses, including the fifth-biggest ETH wallet known as “BlueWhale0073.” 

The other two wallet addresses are from the world’s largest cryptocurrency exchange by trade volume Binance.

Breakdown of the Transactions:

The mysterious whale purchased a total of 312.50 billion SHIB, worth $6.47 million through four significant transactions while interacting with two of the Binance Exchange wallets described as “Binance 14” and “Binance 15”.

While the remaining 372.48 billion SHIB, worth $7.71 million, was transferred to the mysterious whale by BlueWhale0073 in two significant transactions.

BlueWhale0073 Transferring SHIB to the Mysterious Wallet Since Robinhood Listing

Recently, WhaleStats revealed that BlueWhale0073 accumulated 70.60 billion SHIB, worth over $1.44M through her second significant transaction, within less than 48 hours.

As reported earlier by TheCryptoBasic, the same whale has added 300,997,019,465 (300.99B) SHIB, worth $6,149,369 ($6.14M) to her portfolio through one transaction.

While investigating both transactions, Etherscan.io data shows the following interesting fact:

BlueWhale0073 has transferred 372.48 billion SHIB, worth $7.71M out of her total balance of 372.59 billion SHIB, to the mysterious wallet address through two separate transactions.

In doing so, “BlueWhale0073” now holds only 244.15M SHIB, worth $5,078 USD in her wallet.

Whereas, the newly emerged mysterious whale, exclusively discovered by TheCryptoBasic on April 20, now holds a whopping total of 7.23 trillion SHIB, worth $150.38 million in her wallet.

SHIB Flips FTT to Become the Biggest USD Holding Among Ethereum Whales

This massive accumulation has also helped SHIB to flip FTX Token (FTT) to become the biggest holding position by dollar value among the top 100 ETH whales.

As per data provided by the blockchain data tracking website, WhaleStats, the top 100 ETH wallets are now holding $972.46 million worth of SHIB.

New York Customers Can Now Pay for Equinox Fitness Services Using Dogecoin (DOGE) and Shiba Inu (SHIB)

Lele Jima
-
0
New York Customers Can Now Pay for Equinox Fitness Services Using Dogecoin (DOGE) and Shiba Inu (SHIB)

The adoption of Shiba Inu and Dogecoin payments have continued to be on the increase. 

Popular American fitness company Equinox Group is among the latest U.S. businesses to allow its customers to make payments for its services using Shiba Inu (SHIB) and Dogecoin (DOGE).

The company noted in a recent article on its website dubbed “New York: Pay With Crypto,” that it has partnered with popular cryptocurrency payment provider BitPay for the initiative.

According to the announcement, all New York-based members of Equinox Group are eligible to pay for different services offered by the fitness company using both Dogecoin and SHIB.

Equinox Supports Other Cryptocurrencies

Meanwhile, the two memecoins are not the only cryptocurrency Equinox Group members are allowed to use as digital currency payment methods.

Clients can also use other BitPay supported cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Wrapped Bitcoin (WBTC), and five different stablecoins.

Requirements of the Service

It is worth noting that before a client is allowed to pay for fitness services at Equinox Group in the city of New York, the customer must obtain a pre-approved BitPay ID, which can be obtained from the BitPay official website.

Equinox Group disclosed that customers who opt for the service should know that the exchange rate between selected cryptocurrencies and the United States Dollars is locked for a period of 15 minutes.

“Equinox and BitPay are not responsible for any exchange rate changes when payment is not completed within the initial 15-minute period or in connection with any refund permitted by the terms of your Equinox membership agreement,” the company said.

However, customers who, after making payments using memecoins and demanding a refund, will be reimbursed the U.S. value that was locked in at the time of their purchase.

Rising Adoption of Shiba Inu and Dogecoin Payments

The latest development marks a growth in the widespread adoption of Shiba Inu and Dogecoin in payments.

As reported, at least ten publicly-listed companies, including Tesla and Dallas Mavericks, accept Dogecoin as a payment method.

Similarly, Shiba Inu enthusiasts can now purchase burgers and sandwiches from Naples-based restaurant Welly.

You Can Now Mint Land on SHIB: The Metaverse Using Shiba Inu Token

Zabi
-
0
You Can Now Mint Land on SHIB: The Metaverse Using Shiba Inu Token

The development team has announced that the Shiba Inu community can now pay with SHIB in order to mint lands on SHIB: The Metaverse.

As the public sale of land for SHIB: The Metaverse continues at shib.io, Shiba Inu (SHIB) has recently declared via tweet that they have released a new minting option on shib.io.

This option will enable the community to mint lands using SHIB.

The announcement comes up with pricing details. As per the details, the Shiba Inu community can now mint land for as low as 0.2 ETH equivalent in SHIB, and as high as 1 ETH equivalent in SHIB.

The announcement comes following the community’s feedback as they have expressed their desire to mint lands with SHIB, instead of using ETH.

Before this announcement, the land can only be minted using Ethereum.

SHIB: The Metaverse has successfully completed the two phases: the first early access “BID EVENT” and the “HOLDER EVENT”, and is currently undergoing its third phase named “PUBLIC SALE”.

In order to participate in the first two events, one has to lock their LEASH or SHIBOSHI utilizing the locking system, while the “PUBLIC SALE of LANDS” doesn’t require any type of locking.

Since the launch of SHIB: The Metaverse, the team behind SHIB has implanted two key features: “MULTIBID” and “Mint Lands with SHIB”, following the community’s feedback. The formerly implanted feature MULTIBID has made things even easier for the community as one was able to place bids on multiple selections with only a single transaction, which has proven to be cost-effective.

SEC v. Ripple: Ripple Kicks Against SEC’s Incessant Delay Tactics in New Motion

Lele Jima
-
0
SEC v. Ripple: Ripple Kicks Against SEC’s Incessant Delay Tactics in New Motion

Ripple and Individual Defendants were not happy with the SEC’s delay tactics as they urged the court to deny the agency’s request to file support for its new claim. 

The Securities and Exchange Commission (SEC) has been heavily criticized for the way it has conducted itself throughout its lawsuit against Ripple and the blockchain company’s executives Brad Garlinghouse and Chris Larsen.

SEC’s Bent on Protecting Hinman’s Documents

The major case that has brought the attention of the public to the SEC’s misconduct is the agency’s determination to protect its internal documents, especially the 2018 speech made by its former finance director William Hinman, from being used as evidence that XRP is not a security.

After Judge Sarah Netburn ordered the SEC surrender Hinman’s documents, the agency fought relentlessly to protect them from Ripple.

The SEC raised a new assertion in its objection to the court’s ruling that the documents are protected by attorney-client privilege.

However, while Ripple’s reply to the SEC’s attorney-client privilege claims over Hinman’s 2018 document is due on May 13, 2022, the agency once again requested that it be granted approval to file a brief in support of its assertions over the internal documents by May 20, 2022.

Ripple Slams SEC’s Delay Tactics

This recent action by the SEC did not go down well with Ripple and the Individual Defendants as they were quick to object to the agency’s request.

According to Ripple’s newly filed motion, the SEC’s request to support its attorney-client privilege claims over Hinman’s documents if granted, will be the sixth time the agency is opposing the Defendant’s August 10, 2021 motion to compel the Plaintiff to surrender the documents.

Ripple noted that the SEC’s planned reply should be regarded as a sur-reply since the court had earlier overruled the agency’s deliberative process privilege objection against providing the documents.

“The SEC now claims that the last year of briefing, oral argument, the Court’s decisions, and their motion for reconsideration were all an academic exercise because it turns out that the documents (every single one of them) are privileged attorney-client communications,” Ripple attorney said.

Ripple argued that any further delay would be prejudicial to the company since discovery closed months ago and that all parties are currently filing motions for summary judgment.

“At a minimum, the SEC should be required to justify its demands for further briefing after it reviews Defendants’ responsive filing. Defendants respectfully submit that the court should deny the SEC’s request,” Ripple concluded.

Ripple Community Reacts

The development has attracted the attention of the entire Ripple community who have given their views on the issue.

Attorney Jeremy Hogan, a partner at Hogan & Hogan law firm, commented on the development, saying:

“FINALLY. I feel like Ripple has taken the gloves off and is talking about how ridiculous the SEC’s litigation tactics surrounding the “Hinman emails” are. The judge may still allow the sur-reply but at least Ripple is calling out the delay tactics strongly.”

Court Approves Ripple’s Time Extension Request to Respond to the SEC’s Motion to Protect Hinman’s Documents 

Lele Jima
-
0
Court Approves Ripple’s Time Extension Request to Respond to the SEC’s Motion to Protect Hinman’s Documents 

Ripple’s response to the SEC’s bid to protect Hinman’s documents is now due on May 13, 2022 

The court has granted Ripple’s request for an extension of time to file a response to the Security and Exchange Commission’s assertions that William Hinman’s documents are protected by attorney-client privilege.

This comes less than 24 hours after the blockchain company and its Individual Defendants, Brad Garlinghouse and Chris Larsen filed the request.

Following recent developments, Ripple and the Individual Defendants are expected to file a response to the SEC’s recent motion on or before May 13, 2022.

The approval, which came through a text-only order, was shared by attorney James K. Filan, a former U.S. federal prosecutor who has been vocal about the SEC v. Ripple lawsuit.

“The Court has granted the Ripple Defendants’ request for an extension of time to respond to the SEC’s claim that the Hinman documents are protected by the attorney-client privilege. The response is due by May 13, 2022,” attorney Filan wrote on the popular microblogging platform Twitter today.

 

SEC’s Determination to Protect Hinman’s Documents

Recall that the SEC has been bent on protecting Hinman’s documents from being used as part of evidence in its lawsuit against Ripple.

The documents contain comments made by Hinman in 2018, when he stated that Ethereum, which was Ripple’s closest rival at the time, is not a security.

Ripple has argued that there is a chance that Hinman, who was the former SEC’s finance director at the time, had also commented about the regulatory status of XRP.

However, all efforts to get the complete documents since the beginning of the lawsuit have not yielded positive results, with the securities regulator still poised to keep Hinman’s 2018 comments away from Ripple’s reach.

The SEC has previously asserted that the document reflects Hinman’s personal views and does not represent that of the entire organization.

However, the court ruled last month that the SEC should surrender the documents to Ripple, while granting the agency a 14-day period to file an objection if they do not agree with the decision.

In a bid to object to the court’s ruling, the SEC noted that the 2018 Hinman documents contain conversations between the former SEC finance director and attorneys from the agency, and as such should be protected from Ripple.

757,000 Addresses Purchasing 37.4 Billion ADA at Higher Prices Could Keep Cardano From Further Dip

Lele Jima
-
0
757,000 Addresses Purchasing 37.4 Billion ADA at Higher Prices Could Keep Cardano From Further Dip

Cardano addresses in this category will have no choice but to hold the cryptocurrency until they break even. 

Fresh IntoTheBlock data shared by Ali Martinez, a popular cryptocurrency analyst, shows a large amount of ADA purchases made by Cardano addresses in the past few weeks when price was around $1.

Per the data, a total of 757,000 addresses purchased a combined 37.4 billion ADA coins at an average price of $0.91. The minimum price that traders were opportune to purchase ADA was around $0.799 while $1.04 was recorded as the maximum price that these tokens were bought.

With a single unit of ADA currently worth $0.795 in the hour leading up to press time, it is evident that the 757,000 Cardano addresses that racked up the 37.4 billion ADA are currently in loss, thus may be forced to continue to hold onto the cryptocurrency to eventually break even.

This action will contribute to keeping ADA’s price afloat in the meantime.

“#Cardano | On-chain data shows that more than 757,000 addresses purchased nearly 37.4 billion $ADA at an average price of $0.91. These market participants may try to break even in the event of a bullish impulse, keeping #ADA at bay,” Martinez tweeted.

Many Cardano Holders in Loss

Meanwhile, it is not only addresses in this category that are currently in losses. The data suggests that of all Cardano holders, 87.3% (84.24 billion ADA) are currently in losses, while 12.42%, which represents 11.98 billion ADA, are in profit.

Similarly, only about 0.29% Cardano addresses are at break even at the current price of $0.799.

Cardano Whales Take Advantage

Cardano has not really brought smiles to the faces of many following its massive decline in price, but that has not deterred whale traders from increasing their position in the ninth-largest cryptocurrency.

As reported, Cardano addresses holdings of between 1 and 10 million ADA successfully purchased a combined 196 million ADA in the past five weeks as the price of the cryptocurrency suffered a major dip.

Floki Opens Valhalla Alpha Battle Arena to the Public; Full Game Release Expected This Year 2022

Zabi
-
0
Floki Opens Valhalla Alpha Battle Arena to the Public; Full Game Release Expected This Year 2022

Floki Inu (FLOKI) reaches a major milestone toward the launch of the hottest play-to-earn project in crypto: Valhalla.

The team via tweet declared that as of May 2nd, 2022, the Alpha Battle Arena portion of the game is now officially available to the public.

As per the details shared by the team via an official medium blog post, the exciting portion of the game is now available to everyone. The community can contribute to the development of Valhalla by reporting bugs and giving feedback to the Valhalla Team.

The team has also reportedly added a new playable Vera to this recent update, i.e., the enigmatic and powerful Hushroom.

Moreover, the team made it clear that this is not the full game release, and further Valhalla patches are yet to come. The full game release is expected this year 2022. Whereas, in the coming few days or weeks, the Valhalla team might release the guild system, which is reported to bring an exciting and much-anticipated social element to Valhalla.

The current version of the game still doesn’t support Play to earn, as that of an Alpha release of the battle arena portion of Valhalla launched two months back, on February 28th, 2022.

Following the news, the Floki Inu price spikes a bit, up over 1.18% to $0.00001582, with a 24-hour trading volume of $10,250,644.46 ($10.25M).

SEC v. Ripple: SEC Recruits More Cryptocurrency Police to Bring Enforcement Action Against Fraudulent and Unregistered Digital Currency Offerings

Lele Jima
-
0
SEC v. Ripple: SEC Recruits More Cryptocurrency Police to Bring Enforcement Action Against Fraudulent and Unregistered Digital Currency Offerings

The U.S. SEC is not prepared to share crypto regulatory oversight with the CFTC amid calls from Ripple enthusiasts as the agency increases the number of digital currency enforcement staff. 

The Securities and Exchange Commission (SEC) does not seem like it is prepared to share its control over the cryptocurrency industry with the Commodity Futures Trading Commission (CFTC), as the securities regulator announced that it has added 20 positions to its enforcement unit responsible for protecting investors.

According to a press release today, the SEC renamed the division from Cyber Unit to Crypto Assets and Cyber Unit, and the department will be responsible for protecting investors from cryptocurrency-related threats.

SEC More Focused on the Crypto Market

Gary Gensler, the chairman of the SEC, said it had become imperative that the agency increase the number of staff in the revamped unit following the growth of the cryptocurrency industry and the widespread adoption of these asset classes, adding:

“By nearly doubling the size of this key unit, the SEC will be better equipped to police wrongdoing in the crypto markets while continuing to identify disclosure and control issues with respect to cybersecurity.”

Per the announcement, the SEC’s Crypto Assets and Cyber Unit will focus on preventing fraudulent activities that utilize crypto asset offerings, exchanges, non-fungible tokens (NFTs), and stablecoins.

While the SEC has doubled the size of the revamped unit, the securities regulator noted that its plan is for the unit to have a total of 50 employees.

Originally named the SEC Cyber Unit, the revamped department has so far brought over 80 enforcement actions against fraudulent and unregistered securities offerings in the United States, including against popular blockchain company Ripple.

SEC Under Heavy Scrutiny for Improper Conduct in Ripple Lawsuit

Recall that the SEC charged Ripple and two of its executives, Brad Garlinghouse and Chris Larsen, for conducting an unregistered securities offering that saw the company raise $1.3 billion.

The case has continued to linger for over a year, with no guarantee that the lawsuit will end anytime this year.

Meanwhile, the SEC has come under heavy fire from the Ripple community for the way it has conducted itself throughout the lawsuit, which prompted the court to impose a fine on the agency.

With many people not in support of the SEC’s way of conduct, several calls have been made to lawmakers to grant the CFTC more regulatory powers to oversee the cryptocurrency market.

The argument about which regulatory authority is supposed to oversee the crypto market has been ongoing for weeks, with many suspecting that the SEC’s recent move is just a tactic to keep CFTC away from the nascent industry.

 As reported, Garlinghouse, who is Ripple’s founder and CEO, disclosed in a recent interview that he would prefer that the cryptocurrency market is regulated by the CFTC.

ALGO Soars 23% After FIFA Announced Partnership Deal With Algorand Foundation

Lele Jima
-
0
ALGO Soars 23% After FIFA Announced Partnership Deal With Algorand Foundation

World football organization FIFA has announced that it has teamed up with popular blockchain project Algorand in a technical and sponsorship deal. 

Following the agreement, Algorand will become the official blockchain of FIFA and the official wallet blockchain wallet solution.

Details of the Partnership

Under the partnership, Algorand will become a FIFA 2022 World Cup regional supporter in Europe and North America, as well as the Women’s FIFA World Cup 2023 supporter in Australia and New Zealand.

According to the announcement, Algorand will provide technical assistance to enable the world football governing body to develop its digital asset strategy, while FIFA will reciprocate this gesture by providing mouth watering opportunities like widespread promotion and adverts for sponsorship assets.

Romy Gai, FIFA Chief Business Officer, noted that the partnership marks an exciting moment in the organization’s history, as the collaboration creates the perfect opportunity for the world football governing body to delve into the world of cryptocurrencies and to explore the opportunities associated with the asset class.

“At FIFA, we must constantly strive to identify and explore the most cutting-edge, sustainable and transparent means of increasing revenues to continue to support global football development. Algorand is clearly a forward looking, innovative partner that can help us achieve these goals,”  Gai added.

Commenting on the development, Silvio Micali, founder of Algorand, noted that the team behind the popular blockchain has been focused on developing technologies that promote transparency, inclusivity, and opportunities for all, adding:

“This partnership with FIFA, the most globally recognized and distinguished organization in sports, will showcase the potential that the Algorand blockchain has to transform the way we all experience the world’s game.”

ALGO Up Over 20%

Meanwhile, the development had a major impact on the price of the Algorand native cryptocurrency dubbed ALGO.

The coin, which traded at a low of $0.58 yesterday, is currently trading around $0.73 at press time, representing a 23% surge in the last 24 hours.

Algorand Dominance Since Inception

Launched in 2019, Algorand has earned quite a reputation in the blockchain space within this short period, thus prompting notable projects to enter into strategic partnerships with it.

Algorand has over the years become a favorite blockchain for more than 200 global organizations, which have continued to tap the network’s technical prowess for different initiatives.

As reported, the Canadian SailGP team announced that it has partnered with the Algorand Foundation to foster a brighter future through sports activities.

In March, the Algorand Foundation reported stunning feats in terms of adoption and increased activity on the blockchain following zero downtime recorded by the network over the last three years.

1...2,3892,3902,391...2,634Page 2,390 of 2,634