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Ethereum Cofounder Vitalik Buterin: “Vladimir Putin’s Russian Government Is One Of My Enemies Now”

Lele Jima
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Ethereum Cofounder Vitalik Buterin: “Vladimir Putin’s Russian Government Is One Of My Enemies Now”

 

Ethereum (ETH) Co-Founder Buterin Slams President Putin Again Amid Russia’s Ongoing Invasion of Ukraine.


Vitalik Buterin, the co-founder of Ethereum (ETH), has once again slammed Russia for its continuous invasion of Ukraine. 

Buterin’s love for the Russian government has suddenly turned into hatred following the country’s refusal to stop its ongoing war in Ukrainian cities. 

Russia Now Buterin’s Enemy

Buterin noted in a recent interview that he used to admire the Russian government led by President Vladimir Putin. His love for president Putin prompted him to engage in a conversation with the Russian ruler five years ago. 

“I did talk to him five years ago. I believe in talking to people. I talked to Putin; I talked to the vice-premier of Taiwan at one point, I talked to people in the government of Singapore, I’ve talked to people in Canada, the U.K., and lots of places,” Buterin was quoted as saying. 

However, the feeling of love he had for President Putin and the Russian government is no longer there. The country continues its invasion of Ukraine, “killing people and destroying cities.” 

“Vladimir Putin’s lovely Russian government is one of my enemies now. At the present time, there are cities that are being bombed. There are millions of lives and peoples’ families and futures that are being potentially destroyed and cut short, and a beautiful country risks being turned into Syria,” the Ethereum co-founder added. 

While the war does not seem to be ending anytime soon, Buterin noted that the primary focus should be on helping people who are really affected by the war.

 

Buterin Angered By Russia’s Invasion 

The Ethereum co-founder has been vocal about the situation in Ukraine as his origin is linked to both countries. 

Weeks before the war, Buterin pleaded with president Putin and the government of Russia to avoid going to war with Ukraine. 

However, his plea was ignored as President Putin declared a full-scale invasion of Ukraine. After the declaration, Buterin stated that the move was a crime against the people of Russia and Ukraine, who are not in support of the war. 

Meanwhile, Buterin’s father declared support for the Ethereum co-founder following his constant criticism of the Russian government. 

Ex Twitter CEO Jack Dorsey and Coinbase CEO Praise Elon Musk’s Twitter Takeover

Mark Brennan
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Ex Twitter CEO Jack Dorsey and Coinbase CEO Praise Elon Musk’s Twitter Takeover

 

Musk’s Twitter purchase will truly enable freedom of speech – Brian Armstrong

Musk will bring decentralization to Twitter – Jack Dorsey



Brian Armstrong, Coinbase CEO, has shared his view regarding the Twitter takeover by Elon Musk. Using a tweet thread, Armstrong stated that Musk’s takeover of the social platform is a “great win for free speech.” According to him, the platform users would experience more positive and significant changes than they can ever imagine.

Armstrong noted that censorship of content on Twitter was gradually pushing the platform along a slippery slope. He added that Musk is courageous for taking the big task of turning around the social platform to what it was initially created to do.

He also hoped that Twitter would become a decentralized protocol with time. “Freedom of all kinds is worth fighting for – economic, speech, due process, etc.,” Armstrong stated in another tweet.

Dorsey also supports Musk’s Twitter acquisition

Apart from Brian Armstrong, Twitter founder, Jack Dorsey’s comments on the acquisition also showed that he is in support of the acquisition. Dorsey made a tweet thread to express his support for Twitter’s purchase by the world’s richest man. He opined that Twitter should be a decentralized protocol and not a company run by anybody.

 

Then, he added that he trusts Elon Musk to solve Twitter’s centralization problems. Part of Dorsey’s tweets showed that he has always wanted Twitter to be a decentralized platform, but he couldn’t make it happen. He said, “it has been owned by wall street and the ad model.”

 

Hence, he suggested that the first corrective step should be taking back Twitter from wall street. While Dorsey believes that the social platform will keep serving public discussion, he thanked Musk for purchasing the social platform and thanked the company’s CEO, Parag Agrawal, for making the sale happen and “getting the company out of an impossible situation.”

According TheCryptoBasic reported, Musk’s Twitter purchase was completed for $44B. This amount represents a 38% premium over Twitter’s stock price 24 hours before Musk announced his 9.3% stake in the firm.

Major ETH Whale Gobbles Up 289 Billion Shiba Inu, Making Sihb Top 100 Whales Biggest Holding Flipping FTX

Zabi
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Major ETH Whale Gobbles Up 289 Billion Shiba Inu, Making Sihb Top 100 Whales Biggest Holding Flipping FTX

 

Major ETH Wallet Labeled “BlueWhale0073” Gobbles Up 289.33 Billion Shiba Inu (SHIB), Worth $7.07 Million within 24 Hours.



The 5th biggest Ethereum (ETH) wallet doesn’t seem to miss even a single “buy the dip” opportunity.

As reported earlier, the whale accumulated 219,332,229,787 (219.33B) SHIB, worth $5,454,792 ($5.45M) through her first transaction.

According to WhaleStats, “BlueWhale0073” performed her second significant transaction just a few hours ago and bought 70,000,000,000 (70B) of Shiba Inu tokens around $1,619,800 ($1.61M).

in total, the 5th biggest ETH whale labeled “BlueWhale0073” has accumulated a whopping total of 289.33 Billion Shiba Inu (SHIB), worth $7.07 million within the last 24 hours through two separate transactions.

This massive accumulation leads Shiba Inu to flip FTX Token (FTT) and become the biggest holding position by dollar value among the top 100 Ethereum whales.

The top 1000 ETH whales are now holding $1,377,192,268 ($1.37B) worth of SHIB in their wallets, as per data provided by WhaleStats.

 

However, this move has not been reflected in SHIB’s price as its 24-hour trading volume has reduced by over -35.64%. At the time of writing, Shiba Inu is seen trading at the price of $0.0000236, down -2.84% over the last day.

Ethereum Is A 21st-Century Finance Building Block – Bloomberg Intelligence

Albert Brown
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Ethereum Is A 21st-Century Finance Building Block – Bloomberg Intelligence

 

Ethereum is performing better than equities.



A new Bloomberg intelligence report has claimed that the second-largest crypto (Ethereum) is a 21st-century finance building block. The Bloomberg intelligence report was shared on Twitter by Bloomberg intelligence’s senior commodity strategist, Mike McGlone.

The report added that Ethereum’s demand and adoption are constantly increasing while its supply keeps declining. However, Ethereum’s standing as the basis for disrupting the traditional finance industry would also contribute to its price rise.

McGlone lends credence to his claim by tweeting a chart of Bloomberg intelligence’s analysis which showed that the second-largest crypto has been performing better than equities, including the S&P 500 index, over the past five years. “… Ethereum’s position at the epicenter of the digitization of finance and money may be a foundation for further price appreciation.”

The Bloomberg report suggests that ETH will continue to outperform Equities. With time, the ETH price will increase because the supply is consistently falling because of ETH EIP 1559 upgrade, a fixed-per-block network fee that is burned reducing supply daily. The decreasing supply and increasing demand will help Ethereum to grow.

Ethereum is currently issuing new Ether at a rate of 4% per year, although this is expected to decrease to around 0.5-1% as a part of the Ethereum 2.0 upgrade. Once this occurs, many speculate that the burn rate of Ether will be greater than the token’s issuance, causing ETH to become a deflationary currency. So far 2,166,871 (2.1M) ETH worth $6,219,070,938 ($6.2B) have been burned. 

Ethereum supply decline and Ethereum revenue rise

Based on McGlone’s analysis above, it is also likely revenue on the Ethereum network is bound to keep rising. The rapid growth of the DeFi and NFT sectors caused a massive rise in Ethereum gas fees last year, with the network earning nearly $9.9B in gas fees alone. This amount was 17x more than the previous 12 months’ earnings through gas fees.

Since Ethereum was the first network that enabled the development of NFT and DeFi projects, it remains the network with the largest amount of those projects. Consequently, the $124B total volume locked (TVL) in the network makes it the network with the highest TVL among other networks.

Industry analysts predict that Ethereum’s gas fees earnings this year will likely be about $12.5B. If this estimate becomes a reality, the network’s gas fees earnings for this year would be 35% higher than last year. 

Recently Mike McGlone, a senior commodities analyst at Bloomberg, called Ethereum (ETH) the collateral of the internet following the cryptocurrency’s widespread adoption across various blockchain protocols like non-fungible tokens (NFTs) and the metaverse.

Ledger Releases New Cardano (ADA) App Update to Support Smart Contracts Functionality, Charles Hoskinson Reacts

Mark Brennan
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Ledger Releases New Cardano (ADA) App Update to Support Smart Contracts Functionality, Charles Hoskinson Reacts

A new update for the Cardano app on Ledger has gone live, and the upgrade will support smart contracts.


Popular cryptocurrency hardware provider Ledger has announced that it has released a new upgrade for the Cardano (ADA) app to support the latest features of the Cardano ecosystem.

The Cardano app has been upgraded to v.4.0.0, and the update will feature smart contract functionality.

“Attention #Cardano #ADA users! v.4.0.0 of the Cardano app is now available for download in Ledger Live. The app is compatible with smart contracts. Cardano DeFi + Ledger = Onwards!” Ledger tweeted recently.

Ledger noted on its support page that it decided to upgrade the Cardano app to version 4.0.0 in order to integrate new features from the blockchain.

The Ledger Cardano app is yet to feature smart contract functionality even though the update was added on September 12, 2021.

In a bid to grant its users the necessary exposure to the latest Cardano feature, Ledger had to update the ADA app to integrate the newest feature.

Features of the Upgrade

With the upgrade, users can sign smart contracts from the Cardano app and perform other features, Ledger noted.

However, before users can update their Ledger Cardano app to the latest version, users are required to update their Ledger wallet firmware and install the Ledger Live App on their device before proceeding.

Once users have successfully completed the Cardano app update, they will be granted access to Cardano’s decentralized applications via YoROI and AdaLite.

Cardano Founder Reacts

The development attracted the attention of Charles Hoskinson, the CEO, and founder of Input-Output Global (IOG), who took to his Twitter page to celebrate the latest feat.

“Moving the chains. Great work ledger,” Hoskinson noted.

 

Number of Decentralized Applications on Ethereum Scaling Platform Polygon Surpass 19,000 

Lele Jima
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Number of Decentralized Applications on Ethereum Scaling Platform Polygon Surpass 19,000 

Developers continue to flock to Polygon as the number of decentralized applications on the platform has been on the increase. 

Polygon, the Ethereum Layer-2 scaling platform, has announced a new milestone following the massive adoption of the network by decentralized application (dApp) developers.

Citing data published by Alchemy, a Web3 developer platform, the Polygon team noted today that the number of decentralized applications on the network has surpassed 19,000.

The current number of dApps on Polygon represents a six-fold increase from the 3,000 decentralized applications recorded on the network in October 2021.

Surge in Number of Developers on Polygon

The surge in the number of decentralized applications on the Ethereum L2 scaling platform suggests that developers now find the network as the perfect solution to build their project on.

According to Polygon, the number of developers on the network is also rising rapidly as there are now over 8,000 active developers on the platform on a monthly basis.

The value is up from the 6,000 developers building on the Ethereum Layer-2 network earlier this year.

Reason for the Rising Interest in Polygon

Mike Garland, Product Manager at Alchemy noted that one of the reasons developers are flocking to Polygon is because the network is ready to use as developers need to commence building instead of spending thousands of hours maintaining backend infrastructure as experienced on other blockchains.

“We work hand-in-hand with the Polygon team to resolve and mitigate network-level incidents, and Alchemy’s platform enables developers to build products on Polygon in ways they couldn’t before,” Garland said.

Commenting on the development, Sandeep Nailwal, Polygon co-founder, said:

“Alchemy gives Polygon developers the infrastructure they need to grow, evidenced by the unprecedented Polygon transaction volumes, with high throughput and low fees.”

It is worth noting that developers are not building insignificant projects on the Ethereum Layer-2 network, as the platform has succeeded in becoming home to some of the most popular decentralized applications, including OpenSea, Uniswap V3, Aave and Lazy.com, among others.

Other Projects Tap Polygon

DApp developers are not the only ones using Polygon for a number of developments, as other crypto-related projects have also tapped the network for a number of initiatives.

Fintech company Stripe announced last week that it had adopted Polygon to enable Twitter users to receive payments in USDC.

Similarly, PayBolt also noted that it has launched on Polygon to allow online merchants to accept cryptocurrencies that are based on the Ethereum L2 platform.

Is Jordan Belfort Now The Wolf Of Crypto? He Now Promotes Bitcoin

Albert Brown
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Is Jordan Belfort Now The Wolf Of Crypto? He Now Promotes Bitcoin

 

Belfort tells guests he is now a firm believer in cryptocurrency.



After being imprisoned for securities fraud and money laundering, popular wall street fraudster, Jordan Belfort, has recently revealed that he is a victim of digital asset fraud. Belfort revealed to a few merchants gathered at his home that hackers stole $300K worth of digital assets from his crypto wallet.

Belfort explained further to a venture-capitalist friend that the digital assets stolen were OM tokens. He also said that even though he could see the movement of the funds, he couldn’t reverse the transaction, adding that “it was a hugely frustrating thing.”

Belfort hosted a few blockchain advocates over the weekend, intending to enlighten them about investing in the crypto space. He tagged the training “an intimate financial experience with Belfort and his friends.” Belfort revealed to his attendees that he had declined multiple offers to launch wolf-themed NFTs. He said, “I regard them as worst shilling even though I could make $10M easily by launching some.”

Belfort also said he is now a firm believer in crypto and blockchain despite once shooting a youtube video where he called Bitcoin a collective delusion. He said he changed his mindset about crypto in the last few years because he calmed down to learn how it worked and discovered it is now going to be a part of our lives forever.

The acclaimed wolf of wall street claimed to have a few investments in crypto-related startups and plans to launch a pet-themed crypto project soon. It doesn’t matter whether he is telling the truth about his crypto exploits. Belfort’s experience makes him be in the best position to speak about financial fraud, a major issue plaguing the crypto space.

Even though he stated that he desires proper regulation of the crypto industry, attendees of his weekend crypto training paid 1 BTC (or a cash equivalent of $40k) to attend his crypto workshop.

How Belfort earned his popular nickname

Belfort became popular for his exploits on wall street, promptly earning the title “the wolf of wall street.” However, his high-flying finance career would soon come to an abrupt end when he was accused of being involved in some money laundering scams and securities frauds. His life on wall street was adapted into a movie in 2013, with his character played by Leonardo Di Caprio.

Algorand Foundation Awards Flare Network 7-Figure Grant to Build a Bitcoin Bridge for Algorand

Lele Jima
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0
Algorand Foundation Awards Flare Network 7-Figure Grant to Build a Bitcoin Bridge for Algorand

Crypto users can now bridge their BTC with ALGO using the Flare Network.


Flare Network, an initiative that enables interoperability between chains, has announced that it has been awarded a 7-figure SupaGrant from the Algorand Foundation to build a bridge between the Bitcoin and Algorand blockchains.

The company noted in an announcement today that the bridge, which will be developed using its native cross-chain protocols, will enable the interoperability between the world’s largest cryptocurrency by market capitalization – BTC – and ALGO.

 

“We’re excited to partner with Flare and welcome them to the Algorand ecosystem. Our grant partnership with Flare will develop key DeFi infrastructure with a bridge to Bitcoin, opening up opportunities for further collaboration and innovation,” Daniel Oon, head of the Algorand Foundation’s DeFi unit, said.

The bridge will also support the interoperability between the two cryptocurrencies and other F-Assets, including Ripple (XRP), Dogecoin (DOGE), Stellar (XLM), and Litecoin (LTC).

Interestingly, Flare stated that it would be adding Bitcoin as an F-Asset to its network.

Rising Crypto Theft Prompts Initiative 

Flare noted that one of the reasons for the development of the initiative is as a result of the rising theft that has occurred during token bridges.

According to Flare, billions of dollars have been stolen in the process of bridging tokens because these bridges are less secure than the blockchain they serve.

Commenting on the issue, Sean Rowan, CTO and co-founder of Flare, said:

“The simple fact is that existing approaches to bridging have time and again been proven unsatisfactory. Flare’s new approach is an entirely different way, built from the ground up rather than being based on existing bridging technology.”

Flare Initiatives

Flare has been developing useful projects since its launch, to establish its prowess in the cryptocurrency industry.

As reported, Flare announced a collaboration with Ola Finance to provide its clients with a customizable lending network using its supported mainstream assets, including XRP and ALGO.

7 Significant Updates That Took Place on the Cardano Ecosystem Within A Week 

Lele Jima
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0
7 Significant Updates That Took Place on the Cardano Ecosystem Within A Week 

7 Significant Updates on Cardano Ecosystem in a week.


In recent times, there has been a lot of fuss around the Cardano project since the development team announced smart contract functionality that enables developers to build on the network.

While many investors seem to be focused on the value of the cryptocurrency, which has been on a decline like other digital currencies, here are seven of the most happening within the Cardano ecosystem in the past week.

Genius X (GENXS) Utility Token

Last week, Genius X, a project that enables new startups to build on Cardano and receive support, announced the launch of the GENXS utility token, which has a max supply of 1 billion tokens. The team behind the project also announced a staking program for the token that will enable investors to earn mouthwatering rewards.

Blueshift Finance Launches Token on Coingecko

Blueshift, a Cardano-based AMM decentralized exchange, noted in an announcement last week on Twitter that its native cryptocurrency, BLUES, has been listed on cryptocurrency aggregator platform Coingecko.

Gada Completes Seed Round Sale in 24 Hours

In a groundbreaking development, Gada, a community-governed launchpad for Cardano-related projects, announced last week that it sold 150,000 units of GADA tokens in a seed sale round in 24 hours.

NFT-Maker Launches ICO on LCX

Similarly, NFT-Maker, a project committed to building a non-fungible token ecosystem on the Cardano blockchain, noted in a Twitter announcement last week that it flagged off an Initial Coin Offering (ICO) for its native token dubbed NMKR on the trading platform LCX trading platform.

Iagon Migrates to Cardano From Ethereum

As reported, popular cloud computing platform Iagon said it has moved from the Ethereum network to Cardano, due to the exciting features associated with the latter and its dedication to providing green climates. The project also noted that it has bridged 50% of its token supply from Ethereum to Cardano.

Unsigned Algorithms Joined MOCA Toronto’s Panel on NFT

Unsigned Algorithms, which makes programmatic non-fungible tokens on the Cardano network, disclosed last week that it participated in MOCA Toronto’s panel on non-fungible tokens as a medium.

Lending Pond Went Live on Cardano Mainnet

The team behind Lending Pond said it went live on the Cardano mainnet last week, an initiative that will allow Cardano enthusiasts to lend and borrow Cardano NFTs as collateral.

25,327 BONE Burnt, A First-Ever Burn Transaction Destroying Shiba Inu Ecosystem Coin ‘Bone’

Zabi
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25,327 BONE Burnt, A First-Ever Burn Transaction Destroying Shiba Inu Ecosystem Coin ‘Bone’

 

Community-Led Burn Initiative For Bone ShibaSwap, (BONE) Kickstarts; 25,327 BONE, Worth $15,118 Transferred To Dead Wallet Through First-Ever Burn Transaction.



Following the launch of the “SHIB Burn Portal,” the community rushed to get started the burn campaigns for another official token of the Shiba Inu ecosystem, Bone Shibaswap (BONE).

The first-ever burn for Bone Shibaswap, one of the tokens of the Shiba Inu ecosystem, has been officially claimed by SHIB-inspired tokens named “1CENT”.

The token has sent 25,327 BONE, worth $15,118, to a dead wallet through one transaction.

The token that came into existence about two months ago is inspired by Shiba Inu Community. The token name “1CENT” is derived from one of the famous and trending hashtags, #1CentDream, most commonly used by Shiba Inu Community members hoping and wishing Shib to reach the 1 Cent mark.

1CENT Mission Statement:

As per CoinMarketCap (CMC) data, the current circulating supply of SHIB is 549.06 trillion tokens. 1CENT token is on a mission to reduce this massive circulating supply while increasing demand for the dog-themed cryptocurrency and making it able to hit the $0.01 (1 cent) mark.

Total Number of SHIB Burned By the Project:

1CENT organizes “Burn Event for SHIB” every week. Through this event, the token utilizes 7% of the earned tax per transaction to burn SHIB. Since its birth, the token has removed a whopping 1,759,123,416 (1.75B) SHIB through 7 separate transactions from circulation forever.

Recent Weekly Burn Event:

Following its Weekly Burn Event Schedule, for the 7th week straight, 1Cent, a token supporting SHIB burn, organized a Weekly Burn Event on 25th April 2022. Through this event, the project claimed that they had sent 288,337,503 (288.33M) SHIB to the dead wallet through one significant transaction.

1CENT Ecosystem Expansion:

The project has recently expanded its ecosystem and brought up a new token named “XCent.” This token aims to reduce the current circulating supply of Bone ShibaSwap (BONE).

Bone ShibaSwap is the governance token of ShibaSwap and will be the native gas token of the upcoming blockchain named “Shibarium.”

As per data provided by CoinMarketCap, the current circulating supply for BONE stands at 6,975,299 (6.97M).  At the time of writing, BONE is trading at the price of $0.59, up 3.45% over the last day, with a 24-hour trading volume of $1,828,901 ($1.82M).

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