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Is Cardano Founder Charles Hoskinson Meeting With Elon Musk to Make Twitter Decentralized?

Lele Jima
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Is Cardano Founder Charles Hoskinson Meeting With Elon Musk to Make Twitter Decentralized?

New Tweet Suggests Cardano Boss Might Meet With Elon Musk to Discuss the Role He Would Play in Making Twitter Decentralized.


I can’t confirm or deny, Charles Hoskinson said in response to comments that he will meet with Elon Musk to discuss how to make Twitter a decentralized social media platform.

A new Twitter post made by Charles Hoskinson, the CEO and founder of Input-Output Global (IOG), the organization responsible for the research and development of Cardano, hints that the Cardano boss may be working with Elon Musk to make Twitter a decentralized social media platform.

A user on the microblogging platform with the username @cryptnlyz noted that the Cardano boss had traveled to California, the city where Twitter is headquartered.

The user suggested that the reason Hoskinson traveled to California could not be far from a possible meeting with Musk, who recently got the approval to purchase the social media company within the week.

Reacting to the user’s post, Hoskinson tweeted that he “can’t confirm or deny” any claims.

It is worth noting that Musk is poised to create a decentralized social media platform where free speech within the ambit of the law would be permitted.

Last week, Hoskinson declared his interest in collaborating with the Tesla CEO and founder to create a decentralized social media platform if, by chance, Musk’s $43 billion Twitter bid gets rejected.

The Cardano CEO also supported Musk’s plans to eliminate Twitter bots used by illicit actors to create scam cryptocurrency posts to defraud unsuspecting victims.

New: SEC Still Fighting to Keep Hinman’s Documents Away From Ripple, Says Speech Is Protected by Attorney-Client Privilege

Mark Brennan
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New: SEC Still Fighting to Keep Hinman’s Documents Away From Ripple, Says Speech Is Protected by Attorney-Client Privilege

The Securities and Exchange Commission has made a new argument for why it should not surrender Hinman’s documents to Ripple.


The Securities and Exchange Commission (SEC) is not relenting in its quest to protect internal documents related to the June 14, 2018, speech that was made by the agency’s former Director of Finance, William Hinman.

Despite all plans to protect the documents, which have failed to yield positive results, the SEC has launched another effort aimed at keeping Hinman’s 2018 speech from being used in its lawsuit against Ripple to determine whether the XRP is indeed a security.

Recall that on April 12, Judge Sarah Netburn denied the Securities and Exchange Commission’s motion for partial reconsideration of the January 2022 ruling.

Judge Netburn, in her ruling this month, ordered the SEC to surrender Hinman’s emails to Ripple, with the securities agency being given 14 days to file an objection to the verdict. The SEC also requested an additional four-day extension to file a request for Judge Netburn’s ruling.

SEC’s New Argument

The Securities and Exchange Commission asserts that attorney-client privilege protects internal documents related to Hinman’s 2018 speech in its most recent letter.

 

According to the SEC, the attorney-client privilege applies to Hinman’s 2018 speech because the documents reflect communications between Director Hinman and SEC attorneys.

The confidential communication between Hinman and SEC attorneys was made in a bid to request and provide legal advice about the matter under the SEC’s purview, the Securities and Exchange Commission asserted in its letter.

“The attorney-client privilege protects in their entirety those speech drafts reflecting legal advice that Director Hinman sought and attorneys in Corporation finance and other departments,” the SEC concluded.

Meanwhile, the SEC noted in a letter that it would take advantage of this month’s order to redact two additional comments in some of its internal documents, which the securities regulator believes could implicate other agencies.

It is worth noting that the SEC had argued in its previous motions that the Hinman 2018 speech reflects the personal views of the former Director of Finance and not the entire agency and, as such, cannot be used as a fact in the Ripple case.

Mixed Reaction

The new development did not seem to go down well with XRP enthusiasts, who took to various social media platforms to condemn the SEC’s recent assertion.

“Really?! Really!!!! Now Hinman has been delegated to “acting as client” because he, as primary official, met with SEC attorneys when drafting a speech,” a Twitter user with the username @SheriV4399 said.

Another Twitter user, who goes by the username @GSL24236982, said he believes the SEC’s former Director of Finance lied in his affidavit that the speech was his personal views and not that of the entire agency.

 Meanwhile, the document is a significant determinant in the case, which would confirm whether XRP was deemed a security by the SEC or not.

IamUkraine Studio announces Zelenskiy’s NFT Collection to support Ukraine

Esra Zuhal
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IamUkraine Studio announces Zelenskiy’s NFT Collection to support Ukraine

IamUkraine studio announces the launch of its NFT collection to pave the way towards an iconic artform to aid Ukraine. Focused on improving the domestic humanitarian landscape, the collection is expected to provide support to the struggling population.

IamUkraine is proud to announce its initiative to support the Ukrainian cause with the introduction of Zelenskiy’s NFT collection. The company is launching the paramount collection to provide humanitarian support and assistance to domestic causes in Ukraine. Recognizing the dire humanitarian situation on the ground, the company has paved the way to provide effective support to struggling citizens in Ukraine. IamUkraine has a history of creating iconic digital art to support global initiatives.

More information about the upcoming launch can be found at zelenskiynft.com.

Talking more about the upcoming launch, Project Director Volodymyr Samoilenko said, “We want the world to come together to provide humanitarian support to the Ukrainian cause by supporting this project. Zelenskiy’s NFT collection is centered around showcasing unique art forms to celebrate the bravery shown by the Ukrainian people and President Volodymyr Zelenskyy in recent months. The spirit of the leader has been an inspiration for people around the world. We realized how impactful it was to show global support to the country, and this is a significant step in that direction.”

According to the lead artist Mariya Makarenko, “The project will serve as a historical reminder of the global support received by Zelenskyy through this turbulent period. The artistic direction is focused on representing the bravery and fortitude shown by the national leadership through this challenging time. By presenting these art pieces to the world, we’re hoping to present a unifying image of the world. The representation of the country’s national identity is a hallmark element of the project, and we hope to convey our support through this launch.”

Global insiders have welcomed the launch by showing massive support for the initial public offering. The launch follows through on IamUkraine’s philosophy to make an impact through expressive art forms. The company has showcased an inclination to stay firm and serve as a unifying force. IamUkraine is becoming the most promising support project for Ukraine, thanks to the unifying focus of the project. The creative project is also paired with an advanced utility to deliver a historic value proposition to customers and followers. In these challenging times, art is emerging as a key source of strength and support.

Further details about the utility and elements of the launch can be found on the website.

Zelenskiy’s NFT

A collection of 10,000 unique Zelenskiy’s NFT was created to eternalize the historic efforts and courage showcased by the Ukrainian people and  President Zelensky. Purpose-built collection to aid Ukrainian refugees and humanitarian causes with expansive community benefits. Unique artform and generative representation to show worldwide support towards Ukraine. Curated to go beyond the NFT space and present a lasting historic insight into the insurmountable courage of Ukraine.

IamUkraine

IamUkraine studio is a blockchain initiative launched to provide supportive assistance to global communities through digital art. The project brings together artistic representation with a strong social cause to empower struggling communities and help them overcome adversity. The IamUkraine will launch the Zelenskiy’s NFT Collection on 12 May 2022.

Bombur Just Buys 50.8B Shiba Inu, ‘BlueWhale0073’ Buys 57B Shib, While Mysterious Wallet Accumulates 138B Shib

Zabi
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Bombur Just Buys 50.8B Shiba Inu, ‘BlueWhale0073’ Buys 57B Shib, While Mysterious Wallet Accumulates 138B Shib

 

Shiba Inu (SHIB) Accumulation Saga Continues.



Bombur: Bombur whales Just buy 50B shib.

Mysterious Whale

Shiba Inu (SHIB) Accumulation Saga Continues. Another Big Chunk of Over 138.89 Billion SHIB, Worth $3.21 Million Gobbled Up by the Mysterious Wallet within Less Than 48 Hours Period

The Mysterious whale accumulated a whopping total of 138,897,720,717 (138.89B) SHIB, worth $3,210,371 ($3.21M) within less than 48 hours. This aggressive accumulation makes her the second biggest holder of Shiba Inu (SHIB), following the Biggest ETH Whale labeled “Light”.

The mysterious whale, discovered exclusively by TheCryptoBasic on April 20, continues to fill up her bags with the world’s 15th biggest cryptocurrency, SHIB.

During the last 48 hours, the mysterious whale is seen interacting with a total of 3 different wallet addresses including the 5th biggest ETH wallet labeled “BlueWhale0073”. The other two wallet addresses belong to Binance Exchange.

The mysterious whale has purchased a total of 40,003,164,539 (40B) SHIB, worth $919,191 through three separate transactions from one of the wallets associated with the Binance exchange labeled “Binance 15”.

She accumulated another 44,757,503,499 (44.75B) SHIB, worth $1,050,049 ($1.05M) through one significant transaction while interacting with one another Binance Exchange wallet labeled “Binance 16”.

While the remaining 54,137,052,679(54.13B) SHIB, worth $1,241,362 ($1.24M) has been transferred to the mysterious whale by the 5th biggest ETH wallet labeled “BlueWhale0073”.

“BlueWhale0073”

As of today, the blockchain data tracking website reports that the “BlueWhale0073” investor has made another massive purchase of 57,979,293,909 (57.97B) SHIB, worth $1,334,683 ($1.33M) through one transaction.

Etherscan.io data reveals that within 4 minutes of her purchase, she has once again transferred 99% of her total accumulated SHIB tokens i.e., 54,137,052,679 (54.13B), worth $1,242,986 ($1.24M) to the mysterious wallet address.

In doing so, within less than 48 hours, the mysterious whale has gobbled up a whopping total of 138,897,720,717 (138.89B) SHIB, worth $3,210,371 ($3.21M), through 5 separate transactions. The data is retrieved from etherscan.io.

This mysterious and suspicious whale emerged right after Robinhood listed Shiba Inu on its platform for trading purposes. The wallet is buying trillions of SHIB tokens worth millions of dollars at every given transaction.

The mysterious wallet now becomes the second biggest holder of Shiba Inu, following the Biggest ETH Whale labeled “Light”, as per data provided by etherscan.io.

At the time of writing, the biggest ETH whale “Light” now holds 5.7% of the total supply of SHIB i.e., 33,747,011,412,782 (33.74T) SHIB, worth $769,769,330 ($769.76M).

Whereas, the newly emerged mysterious whale now holds a whopping total of 6,349,730,331,983(6.34T) SHIB, worth $144,837,348 ($144.83M).

The Token Worth GOLD! Gold Mining

Albert Brown
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The Token Worth GOLD! Gold Mining

GOLD has been used as a medium of exchange, store of value and symbol of wealth since before biblical times. It is a hybrid metal and a coin. In addition to its ideal properties for various industrial uses, gold is the ultimate currency.

Central banks, governments and monetary authorities around the world validate the role of gold in the financial system, as they hold the metal as an integral part of their foreign exchange reserves. With the pandemic, gold reached a historic price in August 2020, at $2,021 an ounce, used in weighing precious metals.

Thus, the metal appreciated by 56% in the year. SEE THE IMPORTANCE OF GOLD MINING

we are the first Startup specialized in leasing of productive gold mining areas, which
saw a great business opportunity in helping small and medium GOLD miners to improve
their mining performance. We saw the difficulty of mining companies with the legal
structuring and formatting of their metal extraction processes to have a significant
result in mining. With this, GOLD MINING built methods to implement in small and
medium miners, providing equipment suitable for the processes.

In this great idea, it is possible to expand throughout the territory with mobile plants, facilitating the procedure. Distributing own washing plant franchises using high-level technology and management to bring efficiency making the business more profitable and accessible, quickly and safely, adopting disruptive technologies such as blockchain, IOT and tokenization. Remote activation our machine has an integrated system for tablets and cell phones where the employee controls the plant remotely.

Data Tracking All data collected will be tracked via blockchain and IOT, to ensure more efficiency and transparency. Infrared State-of-the-art technology used to facilitate and detect any productive material.

When you choose to invest your money in Gold Mining currency, you are not only buying a fraction of the mining company, which will be accounted for every month, paying in staking. But you are investing in the GMC fund, for the development of the extraction and improvement of the gold mines, consequently increasing more and more the profitability of the asset.

The GMC Fund will finance the extraction of AU (GOLD) ore The GMC GOLD MINING TOKEN fund was backed by the entire ecosystem of real gold mining; only 18,000,000 million coins were created, 77% of which was blocked for 2 years , bringing more shortages in the GMC token. And a percentage of the gold will be made available to the GOLD Fund, about 10%. For the creation of our second GOLD COIN. (1 gram of gold-1 Gold Coin) international exchange price.

Visit our website: https://goldmining.co/en
Join the official telegram: https://t.me/goldminingglobal
Join our twitter: https://twitter.com/GoldMiningCO

CZ Apologizes On Behalf of Binance-Owned CoinMarketCap’s Swipe At Ripple (XRP)

Mark Brennan
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CZ Apologizes On Behalf of Binance-Owned CoinMarketCap’s Swipe At Ripple (XRP)

Binance CZ has apologized to the Ripple community on behalf of CoinMarketCap’s negative comments against Ripple.


Changpeng Zhao (CZ), the CEO and founder of the world’s largest exchange Binance, has apologized to the Ripple community, following degrading comments made by cryptocurrency aggregator platform CoinMarketCap against Ripple (XRP) coin.

According to CZ, he made an inquiry into what prompted such degrading comments aimed at Ripple from the Binance-owned CoinMarketCap Twitter handle and was told the post was made by an employee who recently joined the company.

He tendered an apology to the XRP community and promised that such an unfortunate incident will not happen again.

“I asked. Mistake by a new joiner. All his managers know too now. Shouldn’t happen again. [I’m] sorry about that. As platforms, we should remain neutral, to the extent possible,” CZ said while responding to a Ripple enthusiast’s post about the incident.

 

The genesis of the Issue

Recall that CoinMarketCap, which took to Twitter yesterday, asked its followers to select the “imposter” out of nine cryptocurrencies, which included assets like Bitcoin, Ethereum, Binance Coin, and Ripple, ChainLink, etc.

The cryptocurrency aggregator platform adopted the popular “Among Us” and called on its followers to make their pick.

After the cryptocurrency community made their choices mainly based on malice and personal sentiments, CMC shocked everyone when it noted that Ripple is the imposter among the nine selected cryptocurrencies.

Is Ripple (XRP) Centralized?

CMC, which was acquired by Binance in 2020, selected XRP as the imposter because it considers the seventh-largest cryptocurrency as a centralized token, while the other digital currencies on the list are decentralized.

For CMC, Ripple is centralized because the project’s founders and developers own a large percentage of the cryptocurrency’s total supply, which accounts for over 50%.

With the Ripple board controlling over 50% of the XRP token supply, the blockchain company’s executives will have the upper hand when important decisions about the firm’s future are being made, CMC noted.

Why Ripple Board Holds More XRP

Truly, the Ripple board is in control of a large percentage of the XRP’s total supply. The company, which minted 100 billion units of XRP at the time of its launch, decided to hold over 50% of the coin in an escrow account.

The idea is to prevent the board from releasing the entire 100 billion XRP total supply into the market, a move that could crash the price of the token.

As part of measures to relinquish control of the asset class to the community, Ripple noted that it would release one billion units of the cryptocurrency from escrow on a monthly basis.

Meanwhile, Ripple has not been consistent in the release of the tokens as promised and it is mainly due to its ongoing lawsuit with the Securities and Exchange Commission (SEC).

BabyDoge Surpasses 1.3M Twitter Followers Amid DEX and NFTs Launch

Albert Brown
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BabyDoge Surpasses 1.3M Twitter Followers Amid DEX and NFTs Launch

 

BabyDoge’s popularity keeps growing; it now has 1.3 million Twitter followers. BabyDoge had the largest wallet holders among all three dog-themed cryptos.


 

Dog-themed and Binance-smart-chain-built digital currency, BabyDoge, is celebrating today. The token’s Twitter followers just crossed 1.3 million. While this massive number of followers is a significant accomplishment for BabyDoge, its followers are still way off fellow dog-themed cryptos – Shiba Inu and Dogecoin.

Shiba Inu and Dogecoin have 3.2 million followers each. While Shiba Inu has successfully equaled Dogecoin’s Twitter followers, it is still close to overtaking its market cap. This means that BabyDoge ranks third in the number of Twitter followers since the other dog-themed cryptos have more Twitter followers.

However, it is remarkable that SHIB and DOGE were launched way before BabyDoge. As of February this year, Etherscan data showed that BabyDoge has the largest holders among the three dog-themed cryptos. Hence, it is still a significant accomplishment to have amassed many such followers within a short period. It is proof of investor confidence in the long-term potential of this cryptocurrency.

Babydoge also reached a major milestone of 1.50 Million holders. This milestone makes BabyDoge, the favorite token for retail investors compared to DOGE and SHIB. As per BscScan.com data, 619,670 unique wallet addresses are holding DOGE, while the holder count for Shiba Inu currently stands at 1,127,347 (1.12 Million), as per Etherscan.io data.

BabyDoge is gradually becoming a fully-fledged cryptocurrency following its DEX and NFT platform launch. An outstanding feature of its dex is the burn feature and increased utility. Also, BabyDoge DEX known as BabyDoge Swap, won’t require user registration, and users can trade smoothly once they connect their wallets to Binance Smart Chain.

The newly launched baby dogecoin digital artwork (NFTs) is available to mint on OpenSea. The collection comprises 10,000 unique Baby Doges with over 200 possible traits ranging from ‘Sailor BabyDoge’ to ‘Holidaying BabyDoge.’ BabyDoge NFTs are stored as ERC-721 tokens on the Ethereum blockchain, and the floor price for one mint is set at 0.14 ETH.

Brazilian Soccer Legend Ronaldinho recently Announced Partnership With BabyDoge to Launch Exclusive NFTs.

Binance Temporarily Suspends Solana Withdrawals Due to Multiple Withdrawal Requests with Blank Transaction IDs

Mark Brennan
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Binance Temporarily Suspends Solana Withdrawals Due to Multiple Withdrawal Requests with Blank Transaction IDs

The world’s largest cryptocurrency exchange by trade volume Binance has suspended Solana’s withdrawal for the second time this month. 


Binance, the world’s largest exchange by trade volume, has halted withdrawals for Solana (SOL) due to technical issues associated with users’ withdrawal requests.

Popular Twitter crypto news outlet Wu Blockchain reported today that the exchange had to suspend Solana’s withdrawal after multiple withdrawal requests were included in blank transaction IDs.

“Once it is confirmed that the on-chain transactions failed, the withdrawal requests [get] rejected,” Wu Blockchain adds.

Binance writes:

“This is due to the high withdrawal volume generated with blank transaction IDs. Once it is confirmed that the on-chain transactions failed, the corresponding withdrawal requests would be rejected. The entire process takes at least four hours.”

At the time of writing, it is not clear whether the issue is from Solana or Binance, but the exchange’s technical team seems to be doing everything possible to ensure the withdrawal service for the sixth-largest cryptocurrency by market capitalization is back online.

Not New

The recent development marks the second time Binance will be halting withdrawals for Solana this month. On April 7, 2022, Binance announced that it would suspend withdrawal for Solana because of a network glitch experienced at the time.

”Updates on $SOL withdrawals: We would like to inform you that we are aware of the current issues regarding withdrawals on the @solana network. #Binance is working with the project team to resolve these issues as soon as possible,” the exchange tweeted.

Polkadex Closes In on a Polkadot Parachain Slot

Albert Brown
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Polkadex Closes In on a Polkadot Parachain Slot

As the Polkadot parachain auctions enter auction number 16, Polkadex is closer than ever before securing a parachain spot once and for all. Auction #16 strating today (April 29) and will last for one week (May 6), will pit the Polkadex Crowdloan against late newcomer, Bifrost Finance. Within that time, the project that spends the most time leading with the highest amount of DOT loaned will get the highest chance to win the auction on May 6th.

With over 1,203 and a total of over 304 126 DOT contributed (at the time of writing), the Polkadex Crowdloan has garnered widespread support and has proven to be a crowd favorite. Partnerships with fellow Polkadot DeFi platforms like Parallel Finance and Equilibrium and centralized exchanges like KuCoin and Kraken have also made it easier for more people to contribute to the Polkadex Crowdloan. In fact, 47% of contributions have been made via Parallel Finance, while 6.5%, 4.5%, and 3.9% have been made via Kraken, Equilibrium, and KuCoin respectively.

“Securing a parachain slot will go a long way towards fulfilling Polkadex’s mission of becoming the trading engine of the whole DeFi and Web 3” said Gautham J, Polkadex’s CEO and Co-founder.

For Polkadex, securing a slot to the Polkadot network ensures Polkadex Orderbook and other Polkadex products are able to support Polkadot-based tokens from across parachains. In other words, Polkadot ecosystem tokens will soon be available on the first ever cross-chain, non-custodial, orderbook-based exchange featuring high frequency trading.

“We’re incredibly honored by the support for Polkadex and the Polkadex Crowdloan. We could not be more excited for Polkadex to support liquidity and assets from across the Polkadot ecosystem and its other parachains” said Polkadex COO and Co-Founder Deepansh Singh.”For that to happen smoothy, we need to win a parachain slot in one of the upcoming auctions.”

In order to incentivize Polkadex community members to participate in the Polkadex Crowdloan, Polkadex has introduced some of the best parachain rewards to date.

With an auction cap of 1 million DOT and a rewards pool of 2 million PDEX (10% of total supply), Polkadex Crowdloan contributors will take home at least 2 PDEX for each DOT token contributed. That makes the minimum rewards ratio for Polkadex in this batch of auctions over 10 times higher than what was offered in batch 2 back in January.

That’s not all though. The top 1,000 DOT contributors will also win an exclusive utility based-NFT which will grant them access to discounts on trading fees on the Polkadex Orderbook.

With auction 16 starting this Friday April 29th, the Polkadex team is aiming to take back the lead going into the auction and decisively secure its parachain slot. With almost unbeatable rewards, a purpose-driven mission, and a community-led total contribution, Polkadex is confident in its chances. “Let’s get it,” said Singh.

For more information and to access contribution channels please visit Polkadex Crowdloan website.

Polkadex Is A Fully Decentralized Peer-To-Peer Orderbook-Based Cryptocurrency Exchange For The DeFi Ecosystem Built On Substrate. The Main Idea Behind Polkadex Is To Create A Platform That Combines The Benefits Of Centralized And Decentralized Exchanges Into One Cutting-Edge Solution. Polkadex Caters To All Crypto Traders.

Binance Blocks Accounts Linked to Sanctioned Russian Officials Amid Ongoing Invasion in Ukraine

Mark Brennan
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Binance Blocks Accounts Linked to Sanctioned Russian Officials Amid Ongoing Invasion in Ukraine

Binance said it has blocked the accounts of some of its users who are affiliated with sanctioned officials.


The world’s largest cryptocurrency exchange by trade volume, Binance, said in a recent Bloomberg report that it had blocked the accounts of users linked to senior Kremlin officials.

This, according to Binance, is part of widespread international sanctions on Russia for its continuous invasion of Ukraine.

Users Affected by the Ban

According to the popular cryptocurrency trading platform, some of its users affected by the stringent measures include Elizabeta Peskova, daughter of President Vladimir Putin’s spokesman Dmitry Peskov, and Polina Kovaleva, the stepdaughter of Foreign minister Sergei Lavrov.

Binance, which noted that it blocked these accounts over the past two months, said it also placed a blanket ban on Kirill Malofeev, the son of Konstantin Malofeev, one of the business tycoons accused by the U.S. Treasury of financing Russia’s separatism in Crimea.

Binance Proactive in Handling Issues

Chagri Poyraz, Binance’s Global Head of sanctions noted that even though it has blocked several users affiliated with sanctioned Russian officials over the past two months, it is still running checks to identify more of these users.

“What’s different is that our compliance screen operations are proactive, aiming to detect and deter financial crime risk before any regulatory or legal action towards these individuals or entities,” Poyraz said.

Describing how proactive Binance has been in banning users believed to be supporting the ongoing invasion of Ukraine, Poyraz noted that Binance banned the Garantex trading platform on March 11, 2022, which happened some weeks earlier than when U.S. authorities announced sanctions on the entity.

Poyraz also added that Peskova was banned on March 3, 2022, after which she was later sanctioned by U.S. authorities the following week.

Efforts to get comments from Kovaleva, Peskova, and Malofeev did not yield any result at the time of writing.

Binance Not Planning to Ban Russian Residents

Meanwhile, Binance had earlier refused calls to block its Russia-based clients from using the trading platform, as it noted that implementing such stringent measures will only defeat the objective of cryptocurrencies, which focus on providing economic and financial freedom.

However, last week, Binance announced that it would limit its services to Russia following widespread European Union sanctions on the country.

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