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Newly Discovered Mysterious Whale Accumulates Another 344 Billion Shiba Inu, Now Holds 6.1 Trillion Shib

Zabi
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Newly Discovered Mysterious Whale Accumulates Another 344 Billion Shiba Inu, Now Holds 6.1 Trillion Shib

 

Newly Discovered Mysterious Whale Accumulation Continues: Scooped Up Another Big Chunk of 344.95 Billion Shiba Inu (SHIB), Worth $8.31 Million Within 48 Hours.



5th biggest ETH Whale named “BlueWhale0073” continuously transfers Shiba Inu (SHIB) assets to one Mysterious Wallet.

Within the last 48 hours, “BlueWhale0073” has transferred a whopping total of 290,926,089,808 (290.92B) SHIB, worth $6,998,010 ($6.99M) to the mysterious wallet address through two separate significant transactions, as per data provided by etherscan.io. Following the back-to-back transfers, the 5th biggest ETH wallet, “BlueWhale0073,” now has only 2,465,374,519 (2.46B) SHIB left, worth $57,689 left in her wallet.

mysterious whale 1
image source: etherscan.io

 

As per etherscan.io, the mysterious wallet also interacted with one of the wallets labeled “Binance 15,” through which she acquired a further 54,029,597,427 (54.02B) SHIB, worth $1,318,552 ($1.31M) through one transaction.

In doing so, the mysterious whale gobbled up a total of 344,955,687,235 (344.95B), worth $8,316,562 ($8.31M) through three separate transactions, within the period last 48 hours.The mysterious whale which was exclusively discovered by TheCryptoBasic, now holds 6,108,731,572,400 (6.10T) SHIB, worth $142,944,318 ($142.94M).

image source: etherscan.io

 

Ripple (XRP) Announces Five New NFT Projects To Launch On XRP Ledger

Lele Jima
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Ripple (XRP) Announces Five New NFT Projects To Launch On XRP Ledger

Ripple has expanded the number of beneficiaries of its NFT Creator Fund by adding five new creators.


Popular blockchain company Ripple said it has selected the final creators that will benefit from the first wave of its $250 million non-fungible token (NFT) Creator Fund.

According to the fintech company, a total of five creators have been added to the list of already selected beneficiaries of the $250 million Creator Fund.

Selected Beneficiaries

The selected creators include producer of Michael Jordan’s visual autobiography For the Love of the Game Rare Air Media, contemporary artist Jessica Ragz, Netflix documentary star Zion Clark, PancakeSwap designer and artist Chef Cecy, and human rights advocacy group Women Helping Women.

 

Notably, the selected beneficiaries for the Ripple’s Creator Fund will be able to tap the XRP Ledger (XRPL) technology for fast and low-cost, and carbon-neutral transactions.

Mark Vancil, founder, and CEO of Rare Air Media, said:

“The XRP Ledger provides a platform that allows us to open our minds far wider to contemplate unique ways of communicating ideas. We are thrilled to be minting our first series.”

Ripple’s Creator Fund

It is worth noting that the $250 million Creator Fund is a commitment by the blockchain company to enable non-fungible token developers to launch their projects on the XRP Ledger.

The fund provides creators, marketplaces, entrepreneurs, and agencies with financial and technical support for their various NFT projects.

Since the Ripple’s Creator Fund was launched, over 4,000 applicants have applied for the initiative, as they hope to become the next beneficiaries of the program.

As reported, Ripple noted last month that it selected the first recipients for the NFT Creator Fund.

According to the fintech company, which is currently facing charges from the U.S. SEC for conducting an unregistered securities offering, creators like Ethernal Labs, xPunks, and NFT Pro were among the first recipients of the fund.

Popular Dubai-based Real Estate Developer Damac Announces Support For Bitcoin and Ethereum Payments

Albert Brown
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Popular Dubai-based Real Estate Developer Damac Announces Support For Bitcoin and Ethereum Payments

 

DAMAC seeks to revolutionize Dubai’s real estate and make it easy for its real estate clients to make payments. 



On April 27, a popular Dubai-based real estate firm, DAMAC, revealed that its customers can now pay for its real estate through cryptos. While it would only support crypto payments in Bitcoin and Ethereum, for now, it plans to add more cryptos before the year ends.

The company remarked that it started supporting crypto payments because it believes that crypto is the future of all industries, no matter the region, or industry including real estate. Also, potential investors now have a universally-accepted option to make payments in crypto and purchase their desired real estate.

DAMAC’s general manager and head of digital transformation, Ali Sajwani, commented that “the move for customers to hold crypto is one way we intend to enable the newer generation to access the new economy. It is also the future of our industry.”

He further said, “it is important for a renowned business like ours to remain on top of developments in the new economy. It is exciting that we can offer a new mode of transaction, and we are happy to support this technology and bring smiles to our customers’ faces.” The crypto space in UAE keeps growing rapidly, with many merchants starting to support crypto payments.

The multi-billion-dollar valued business behemoth is owned by Hussain Sajwani, a business mogul with several years of experience, publicly listed on the Dubai Financial Market. The DAMAC group is not only into real estate development; it also has diverse interests in data centers, manufacturing, capital markets, hotels & resorts, and high-end fashion.

The group rose to prominence following its acquisition of Roberto Cavalli (a popular Italy-based fashion house) and De-Grisgono (a high-end Swiss Jewellery brand). Its other notable properties include:

  • The London-located Nine Elms (a 50-story tower).
  • A high-end apartment in the Maldives.
  • Several shopping malls in the heart of Iraq.

The company’s investment subsidiary has plans to invest $3.5B in various hot markets in the US and Western Europe. Recently, the group acquired Edgenex intending to establish various data centers across several continents.

Sandbox, ApeCoin, Dogelon Mars (ELON), VeChain, and Others Now Supported on Binance Bridge 2.0

Mark Brennan
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Sandbox, ApeCoin, Dogelon Mars (ELON), VeChain, and Others Now Supported on Binance Bridge 2.0

More Ethereum tokens to be added in the near future.



The world’s largest cryptocurrency exchange, Binance, has announced that it has added the first batch of digital currencies to its Bridge 2.0 solution. 

Binance noted today that a total of nine cryptocurrencies had been added so far, with plans being made to integrate more ERC-20 tokens into the platform. 

The selected cryptocurrencies include ApeCoin (APE), The Sandbox (SAND), JasmyCoin (JASMY), Decentraland (MANA), MovieBloc (MOVIE), VeChain (VET), LooksRare (LOOK), Dogelon Mars (ELON), and ConstitutionDAO (PEOPLE). 

Following the development, users will be able to bridge the listed tokens from the Ethereum blockchain to the Binance Smart Chain (BSC). 

Binance users can deposit the selected cryptocurrencies to their existing network’s address on the exchange and withdraw the corresponding BEP-20 tokens or use it to explore BSC-based decentralized applications (dApps). 

According to the popular cryptocurrency trading platform, the fact that some assets have been added to the list of supported digital currencies on the Binance bridge does not guarantee that the token will be listed on the world’s largest exchange in the future. 

Recall that Binance introduced the Bridge 2.0 solution towards the end of last month, allowing users to use their Ethereum wrapped tokens with the Binance smart chain, and explore BSC-based decentralized finance (DeFi), metaverse, and blockchain games. 

Binance plans to integrate support for almost all ERC-20 tokens in the near future, thus granting these holders access to BSC-based decentralized applications, the exchange said. 

Bexplus Exchange Offers 100% Deposit Bonus For ADA, DOGE, BTC, ETH, USDT, XRP

Albert Brown
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Bexplus Exchange Offers 100% Deposit Bonus For ADA, DOGE, BTC, ETH, USDT, XRP

To help traders earn more cryptocurrency, leading crypto derivatives exchange Bexplus has  launched a 100% deposit bonus promotion to all traders. If you deposit 1 BTC, 2 BTC will be credited to your account. Every user can get up to 10 BTC for each deposit.

Traders now can deposit BTC, USDT, ETH, XRP, ADA, and DOGE and enjoy trading with 100x leverage.（Bexplus also cooperates with third-party purchasing cryptocurrency platforms, so if you don’t have cryptocurrency, it doesn’t matter, bexplus will guide you to quickly buy the cryptocurrency you need.）

BTC wallet: up to 21% annualized interest without any risks

If you want to take a short break from trading, the Bexplus BTC wallet can help you generate juicy profit without taking any risks. With up to 21% annualized interests, it is no doubt one of the most profitable rates in the industry. While some lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting from 0.05 BTC on Bexplus.

Why choose Bexplus?

Bexplus is a leading crypto derivatives trading platform offering 100x leverage futures trading on a variety of trading pairs – BTC, ETH, ADA, DOGE, XRP, etc. Demo account, 100% bonus, copy trading and mobile apps are available on Bexplus. Bexplus doesn’t require KYC and is trusted by over one million traders from over 200 countries/regions. Bexplus is accredited by MSB (Money Services Business).

100X Leverage & How Does 100X Leveraged Trading Work?

Assume we use 1 BTC to open a long contract when Bitcoin is trading at $45,000. Please note that with 100x leverage, 1 BTC can open a contract worth 100 BTC. 

One day later, the price of Bitcoin increased to $47,000. The profit will be ($47,000 – $45,000) * 100 BTC/$47,000 *100% = 4.25 BTC, making the ROI 425%.

Now, with Bexplus’ 100% bonus, our initial investment would be 2 BTC, and our realized profit made with these 2 BTC will be 8.5 BTC, and the ROI will also be doubled to 850%.

With leverage, it’s important to be vigilant, as returns can be outstanding, but liquidations are easier if the price moves down.

No KYC

No KYC protocol is strictly carried out throughout every process. Registration only requires email confirmation and only takes a minute. 

Demo account with 10 BTC

To help traders better familiarize themselves with leveraged trading, Bexplus has launched a trading simulator. There are 10 replenishable BTC in the demo account for traders to practice as much as they like, without taking any risks. You can also learn to analyze the market and use the tool-kit with the demo account.

Copy Trading

With copy trading provided by Bexplus, you can automatically copy other excellent traders’ trading. It can be a really valuable portfolio for those who are just starting out in trading, or those who don’t want to dedicate a huge amount of time to managing their trades.

What can I do with the bonus?

The bonus is not withdrawable, but traders can use it as margin to open bigger positions and take more profit. Profit made with the bonus is withdrawable. Besides, with a bigger margin, traders’ positions are less likely to get liquidated when there are huge price swings.

You might miss the opportunity to buy cheap Bitcoin, but you can still make handsome profits with the revival of Bitcoin. If you are prepared to accumulate more BTC.

Click here to join Bexplus and claim your bonus now!

Wanchain To Deploy Cross-chain Bridges On Cardano And Serve As Sidechain, Bringing New Platform to Drive ADA Interoperability

Mark Brennan
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Wanchain To Deploy Cross-chain Bridges On Cardano And Serve As Sidechain, Bringing New Platform to Drive ADA Interoperability

 

Wanchain And Cardano are collaborating to expand the Cardano ecosystem.


 

Wanchain and Cardano’s Input Output are collaborating on enabling interoperability between the Cardano mainnet, Cardano sidechains, and other blockchain networks. These efforts will see the teams deploy decentralised, non-custodial, bi-directional crosschain bridges connecting Cardano to other Layer 1 blockchains. Wanchain bridge nodes will also be upgraded to peg the Wanchain and Cardano networks to further secure Cardano’s crosschain bridges and transactions. In other words, Wanchain will become an EVM-compatible sidechain to Cardano.

Wanchain is both a sustainable Layer 1 PoS blockchain and a decentralised blockchain interoperability solution. The Wanchain Layer 1 PoS blockchain is a full Ethereum-like environment that works with industry standard Ethereum tools, DAPPs and protocols. Wanchain bridges are decentralised, direct, non-custodial bridges that connect both EVM and non-EVM networks without requiring any relay chains or intermediary networks. These bridges use a combination of Secure Multiparty Computation (sMPC) and Shamir’s Secret Sharing to secure crosschain assets.

Wanchain bridges currently connect more than 15 Layer 1 and Layer 2 networks. The addition of Cardano to this wide area network of blockchains connects the Cardano network to other DeFi and Web3 ecosystems, increasing both the possible use cases for ADA holders on other chains and paving the way for BTC, ETH, DOT, WAN, XRP and other coins to be used in Cardano’s own Dapp ecosystem.

By turning Wanchain into an EVM-compatible sidechain to Cardano, Cardano Dapp developers and users gain access to more coding languages, frameworks and integrated developer environments. Furthermore, not only does this novel approach maximise the security of Cardano’s interoperability solution, it also doubles as a scalability solution. Transactions can now safely be moved off of Cardano, recording only the vital information on the Layer 1 blockchain to ensure security and immutability.

The sidechain approach also heralds a new era for Cardano, which can now transition into a fully-fledged multi-chain ecosystem with greater security and scalability than other networks. This is just the beginning of collaboration between Wanchain and Input Output.

“Interoperability is one of the driving forces behind the Cardano blockchain, and as such the Cardano ecosystem will continue to grow. Crosschain bridges are one aspect of this strategy, and Wanchain’s secure infrastructure brings a valuable new contributor into the ecosystem”, said Dynal Patel, Chief Product Officer of IO Global. “Wanchain will provide added utility to the Cardano community, allowing users to interact with DeFi applications on a number of networks, and take advantage of the expanding ecosystem.” 

“We are excited to support Input Output’s work in building this Cardano interoperability solution,” said Li Ni, VP of Business Development and Operations at Wanchain. “We believe in the importance of decentralisation and have a clear vision of a future where the global blockchain landscape behaves as a beautiful, singular, interoperable network. This is another important step in that direction.”

 

Wanchain: True DeFi is interoperable — Wanchain, the Wide Area Network chain, is the world’s premier decentralised blockchain interoperability solution. Our mission is to drive blockchain adoption through interoperability by building fully decentralised bridges that connect the world’s many siloed blockchain networks. This cross-chain infrastructure empowers developers to build truly decentralised cross-chain applications to power the future of Web3.

IOHK: Founded in 2015 by Charles Hoskinson and Jeremy Wood, Input Output is one of the world’s pre-eminent blockchain infrastructure research and engineering companies. The company builds high-assurance blockchain infrastructure solutions for public, private sector and government clients. It is also the driving force behind the decentralised smart contract platform, Cardano.

Ethereum Layer-2, Optimism Officially Announced The Launch Of Its ‘OP’ Token

Mark Brennan
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Ethereum Layer-2, Optimism Officially Announced The Launch Of Its ‘OP’ Token

 

There are various criteria for addresses to be eligible for Optimism’s token airdrop as the team announces the launch of the ‘Optimism Collective’  token.



A few days ago, social media was buzzing, following rumors that the Ethereum layer-2 scaling solution is about to launch its governance token. Today, the rumors have been confirmed by Optimism; Optimism’s native token ‘Optimism Collective’ is launched with symbol OP.

The team writes on launch:

“Ethereum is ready for its next chapter. We are ready to scale not only Ethereum (the network), but also the values that thrust it onto the global stage in the first place. The Optimism Collective is here to reconstruct the incentives of the internet.”

Optimism further said that 5% of the total tokens would be allocated during the first airdrop round. The project’s team has already confirmed that about 265,00 wallet addresses are eligible for the airdrops. The Optimism announcement page revealed that 14% of the total tokens would eventually be airdropped. But the airdrops will be in various phases.

Hence, anyone who misses out on this first airdrop round can always be on the lookout for the next airdrop event. However, as stated on the announcement page, “the best way to become eligible for the airdrop is to be active in the Optimism ecosystem such as the developer team discord channel or the general discord channel.”

Eligibility criteria for OP airdrop

The team further confirmed that an address could be eligible for multiple airdrops so long such addresses meet the required criteria as stated on the airdrop eligibility section of the announcement page. In addition, Optimism said that while any addresses can be eligible for airdrops, only those making active contributions to the Optimism community will be eligible to become DAO voters. A particular eligibility criterion that stands out is the one for active users of Ethereum Dapps.

These users will be eligible for Optimism’s token airdrop because they have remained loyal to the Ethereum network when others have started bridging to other chains because of the enormous fees. As previously reported here on TheCryptobasic, the rumors of a possible token launch by this Ethereum layer-2 scaling solution caused a massive spike in the project’s TVL. However, time will tell whether the project’s TVL will continue increasing or not since the rumors are confirmed to be true.

Shib Burn Reaches Billions Per Day: 1.46B Shiba Inu Burnt in 24 Hours, 17B Since Burn Portal Launch

Zabi
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Shib Burn Reaches Billions Per Day: 1.46B Shiba Inu Burnt in 24 Hours, 17B Since Burn Portal Launch

 

1.46 Billion Shiba Inu Burnt in 24 Hours, 17.01 Billion Since Burn Portal Launch.


 

The newly launched “SHIB Burn Portal” on ShibaSwap appears to be one of the key drivers of long-term gain in value, as the daily burn rate for the popular dog-themed cryptocurrency skyrockets. The SHIB tokens are being burned in billions per day instead of millions.

Over 1.46 Billion Shiba Inu (SHIB) tokens have been removed from circulation permanently within the last 24 hours with the help of a new burn portal.

Shibburn.com, one of the authentic Shib Burn tracking websites, has recently reported that over the last 24 hours, a total of 1,461,828,101 (1.46B) SHIB has been wired to “inferno” addresses through 160 transactions and been locked up there permanently, never to use again.

“SHIB Burn Portal” came into being on April 23, 2022 (4 days ago). Since then, a total of 17,013,283,125 (17.01B) SHIB have been burned through hundreds of separate transactions.

17 b Sihb burned
image source: https://burn.shibaswap.com/

As reported by TheCryoptoBasic, Yesterday, a whopping 5 Billion Shiba Inu were burned. Two random mysterious wallets made the biggest burn till now. They had reportedly sent over 2 billion SHIB tokens to the dead wallet through two separate transactions.

On the other hand, after the Robinhood listing, ETH Whales are continuously accumulating the world’s 15th biggest cryptocurrency in large quantities since April 12, 2022. Recently, the 5th biggest ETH wallet accumulated a whopping total of 289.33 Billion Shiba Inu (SHIB), worth $7.07 million within the period of the last 24 hours through two separate transactions.

The burning of SHIB and the massive accumulation from top ETH whales indicate that Shiba Inu is undergoing its accumulation stage and may soon start a new massive “Bull Run” in the coming days, weeks, or months.

Is Cryptocurrency a Good Investment in 2022?

Mark Brennan
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Is Cryptocurrency a Good Investment in 2022?

Is cryptocurrency a good investment? This type of question has attained the status of a global debate. From experts to tech enthusiasts, everyone is having the same discussion at one point or another.

A whole school of thought considers crypto more of a temporary hype market. On the contrary, a particular school of thought labels crypto as the future of financial models. To get to an absolute result, let us take a look at the possible investment dynamics of crypto.

Possible Risks

The most significant risk of them all is the volatility of the market. There are no criteria that determine a more stable or fixed crypto evaluation. Outer trends and campaigns will always influence the market. Models like the pump and dump are also affecting the crypto evaluation.

Plus, there is still a certain class of individuals believing that it is all a scam. They simply aren’t willing to trust something they can’t practically touch or see. Transactions security is also a major debatable topic for crypto-based assets.

Market trends

The market of crypto assets is highly volatile. There is no doubt about that. But with the right strategy of investing, you can get massive profits out of a single trade deal. This shows the potential of cryptocurrencies as an investable asset. Like you can literally Trade Bitcoin by buying it from exchanges like Bitosis.

The market trends generally depend upon the pump and dump approach. When a certain amount of coins get dumped in the stream, it automatically impacts the coin valuation for the time being. This is the point where you need to make the call of holding on to the investment or letting it all go to prevent any loss.

What does the future hold?

No one is quite certain at this point. There is good news and bad news associated with the global crypto industry. The good news is that major countries like the UAE have legalized the crypto trade of some specific crypto assets. This has opened up doors for a whole new market.

The bad news is that major governments aren’t happy with the independent working model of crypto-based assets. They are in talks to impose specific regulations that somehow put crypto assets under their influence. No one knows the outcome of such an approach.

Expert opinion

If we focus on whether either cryptocurrency is good for investment, there are two major divisions among experts. The very first division believes in the supremacy of digital and tech-based assets. They refer to all of this as the revolution of the human financial systems.

On the other hand, a large division of experts believes it is more of a temporary gimmick. The assets that you can physically touch or see hold the real value. Plus, there is no specific mechanism for crypto-based assets regularization.

Some great crypto investment options

Even with all the possible cons of crypto-based assets, some investors believe in the whole idea pitched by cryptocurrencies. Up to some extent, we can already see this idea shaping. Here are some great options to pack your portfolio with for those who want to invest in cryptocurrencies.

The very first one is Bitcoin itself. This is the cryptocurrency that started this whole revolution. For quite some time now, Bitcoin has maintained the spot of the highest valued cryptocurrency of all times. We have Ethereum-based coins integrated with the dApps models right after Bitcoin.

Final note

The future of cryptocurrencies is quite promising. Countries like the UAE are finally getting lenient with the whole crypto community. This initiative has opened up new marketplaces for cryptocurrencies, fuelling the dream of replacing global financial models with crypto-based models.

Ripple CEO: CFTC Appropriate Regulator to Oversee Crypto Market Not SEC, As US Only Country On Planet To Consider XRP Security

Mark Brennan
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Ripple CEO: CFTC Appropriate Regulator to Oversee Crypto Market Not SEC, As US Only Country On Planet To Consider XRP Security

 

Garlinghouse chose which regulatory agency is best for the cryptocurrency market amid the company’s ongoing lawsuit with the SEC. 


Following the argument about which regulatory watchdog between the CFTC and the SEC should be the most appropriate to regulate cryptocurrencies, Brad Garlinghouse, the CEO and founder of Ripple has made his opinion known on the matter. 

Speaking in a Bloomberg interview today, Garlinghouse noted that the most suitable regulator for the digital currency space is the Commodity Futures and Trading Commission. 

“Time and Time again, what you find is that the CFTC is the most appropriate regulator for this industry and I think you will find that uniformity across the whole industry,” the Ripple founder was quoted as saying in the interview. 

SEC vs. Ripple Lawsuit: A Determinant of Garlinghouse’s Choice?

For many, Garlinghouse could opt for the CFTC because of the lawsuit slammed on Ripple by the Securities and Exchange Commission. 

Recall that Ripple and two of its executives, including Garlinghouse and the company’s chairman Chris Larsen, were charged by the SEC for conducting an unregistered securities offering that saw it raise $1.3 billion in 2013. 

While the SEC is adamant that Ripple’s XRP is a security, the blockchain company does not feel so, as it is determined to prove this fact in the court. 

U.S. Is the Only Country That Considers XRP a Security

Garlinghouse noted in the interview that the United States SEC is the only regulator in the world that considers XRP as security as other global regulators have classed the digital asset using different terms other than security. 

“The only country on the planet that thinks XRP is a security is the United States.”

With no other country joining the SEC to class XRP as a security, the U.S. agency is alleged to have adopted various means to frustrate Ripple into agreeing to a settlement that will ultimately put an end to the lawsuit. 

SEC’s Delay Tactics

Since the charges were announced in December 2020, the SEC has been accused of employing delay tactics to stall the judgment of the lawsuit. 

The delays have succeeded in pushing the lawsuit to next year, as an outcome is expected to be reached before the end of 2023. 

While there is no guarantee on which party will be favored, several experts have predicted that Ripple will come out victorious in the lawsuit. 

Ripple Operating Like It’s Already Lost

Meanwhile, Garlinghouse does not want to get his hopes high, as he noted that the company is already operating as if it has lost the case. 

A loss for Ripple would imply that the blockchain company will not operate in the United States and the company will have to rely on its clients across other countries to excel.  

SEC and CFTC Seek Regulatory Roles in Cryptocurrencies

For years, both the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission have been vying for the role for which of the agency will ultimately become the watchdog to oversee the regulation of the digital currency market. 

Both the CFTC and the SEC have weighed into the crypto space, making regulatory decisions on issues affecting the nascent industry. 

For instance, based on the utility of Bitcoin, the CFTC declared that the world’s largest cryptocurrency by market capitalization is a commodity and as such the asset class falls under its jurisdiction. 

Similarly, via its former director William Hinman, the SEC also declared that Ethereum is not a security and does not fall under the Securities agency’s regulatory purview. 

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