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Dogecoin Foundation Receives One Million DOGE Donations to Make the Token “the People’s Currency” 

Mark Brennan
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Dogecoin Foundation Receives One Million DOGE Donations to Make the Token “the People’s Currency” 

 

DOGE proponents are still poised to make cryptocurrency the people’s currency.



MyDoge, the self-custodian Dogecoin wallet developer, recently made a whopping donation of DOGE coins to the Dogecoin Foundation. 

The Dogecoin Foundation took to the microblogging platform Twitter to announce the generous tip of one million DOGE worth around $140,000 it received from MyDoge. 

“Wow! Speechless! Thank you @MyDogeOfficial for this incredibly generous 1,000,000 Dogecoin tip! It’s been amazing to see the community re-energized this past year and projects like yours spring up. We love everything you’ve been doing!,” Dogecoin Foundation said. 

According to MyDoge, the donation was made as part of an effort to enable DOGE to become the currency of the people, which can only be possible via the implementation of significant upgrades. 

“We hope other shibes join us in helping support their mission to make $doge the people’s currency and Do Only Good Everyday. #MyDogeTip1M,” MyDoge noted in its announcement. 

Can Dogecoin Become the People’s Currency?

In recent times, Dogecoin has been tipped to become the currency of the people following its widespread adoption across various parts of the world. 

The popular memecoin, which started as an internet joke, made its debut in 2013, and has been adopted in payment and as an investment vehicle. 

The cryptocurrency has also earned the backing of popular figures, including Tesla’s Elon Musk, and Mark Cuban, the current owner of NBA team Dallas Mavericks. 

While many people are envisaging the day Dogecoin would eventually become the currency of the people, Vladimir Tenev, Robinhood’s co-founder, highlighted some important things the cryptocurrency’s developers need to improve on to make this goal a reality. 

According to Tenev, Dogecoin developers need to improve the transaction block size to up to 10 GB in order to enable DOGE to rival the top payment network Visa. 

Tenev also added that the coin’s developers need to come up with a fixed total supply for the cryptocurrency to boost the token’s value. 

Meanwhile, Tenev’s suggestion did not sit well with Jack Dorsey, the former CEO of Twitter and it resulted in an exchange of words between them. 

ETH Whale “Bombur,” Just Buys 50.9B Shiba Inu Worth $1.2M, In Total This Wallet Holds 748B Shib

Zabi
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ETH Whale “Bombur,” Just Buys 50.9B Shiba Inu Worth $1.2M, In Total This Wallet Holds 748B Shib

19th Biggest ETH Whale Gobbled Up another Big Chunk of Shib, Adds 50.99 Billion Shiba Inu (SHIB), Worth $1.26 Million.



The whale who acquired 267.91 billion SHIB since April 13, has added another 50.99 billion canine tokens to her wallet, paying over $1.26 million for this chunk.

As per data provided by WhaleStats, slightly over 1 hour ago, a whale labeled “Bombur,” acquired a total of 50,992,035,458 (50.99B) SHIB through one transaction. This is the equivalent of ,269,191 (.26M).

Looking deep into the whales’ wallet, Shiba Inu appears to be her 24th biggest holding position by dollar value. She currently holds 748 billion SHIB, worth $18,614,086 ($18.61M).

bombur holding shib

As per etherscan.io data, the whale doesn’t seem to sell even a single SHIB token since April 13 or the day when Robinhood listed Shiba Inu.

The whale previously made a purchase of 50,520,317,707 (50.52B) SHIB, worth $1,276, 499 ($1.27M) on Monday (18th April, 2022), through one significant transaction.

Cardano’s Clay Nation Partner Snoop Dogg & Son to Bring First Ever Digital Weed Farms to the Metaverse

Lele Jima
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Cardano’s Clay Nation Partner Snoop Dogg & Son to Bring First Ever Digital Weed Farms to the Metaverse

 

Popular American hip hop star turned businessman Snoop Dogg has increased his foray into the metaverse via a collaboration with MOBLAND. 



According to a press release, the American rapper and his son Cordell Broadus (aka “ChampMedici”) have teamed up with MOBLAND to launch digital weed farms with non-fungible tokens in the metaverse. 

 

The press release noted that the virtual reality weed farms NFT will feature a grow-to-earn initiative alongside other utilities for business buildings. 

The inception of NFT 3.0?

Roy Liu, the co-founder of MOBLAND, stated that the upcoming weed NFTs are part of the third generation of non-fungible tokens. 

The MOBLAND co-founder analyzed the various versions of non-fungible tokens, saying that NFT 1.0 involved mainly individual items and characters, 2.0 revolves around virtual real estate and land, while the third generation of NFTs will involve “business and utilities on these [plots] of land.” 

“We are super pumped to pioneer with the legendary Snoop Dogg by bringing digital cannabis and mass adoption to the metaverse and GameFi 2.0. We are looking for more ways to give back to the cannabis community,” Liu added. 

Notably, the NFTs will also feature exclusive content from the hip-hop star’s son ChampMedici. Meanwhile, Snoop Dogg noted that he got the inspiration to team up with MOBLAND from his son, adding:  

“There is a paradigm shift happening here and I want to be at the forefront of this.” 

MOBLAND is a celebrity-backed mafia-themed metaverse project backed by notable figures, including Animoca Brands and Doo Kwon (co-founder of Terra Labs), and Justin Kan (the co-founder of Twitch). 

People usually refer to MOBLAND as the cryptocurrency version of Mafia Wars, a game where users play the role of gangsters. 

Snoop Dogg Delves Deep Into the Crypto Space

The latest development pushes Snoop Dogg deeper into the world of cryptocurrency and non-fungible tokens. 

The American rapper has already been an established player in these spaces, which stems from his numerous partnerships with related projects. 

Snoop Dogg joined Justin Bieber and Drake alongside other artists to invest $87 million in crypto firm MoonPay. 

As reported on Crypto Basic, the rapper also partnered with Clay Nation to launch a non-fungible token on Cardano. 

Shiba Inu Ecosystem Tokens Getting Exposure As Singapore-Based BitKan Exchange List Bone

Zabi
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Shiba Inu Ecosystem Tokens Getting Exposure As Singapore-Based BitKan Exchange List Bone

 

Singapore-based BitKan Exchange Added Support For Shiba Inu Ecosystem’s Governance Token, Bone ShibaSwap (BONE).



Bone ShibaSwap (BONE), one of the tokens of the Shiba Inu ecosystem, has been officially listed on the Singapore-based BitKan Exchange.

As Shibarium talks are ramping up, cryptocurrency exchanges seem to become interested in listing the micro-cap gem BONE.

Recently, the BitKan exchange announced that they had listed the SHIB ecosystem’s governance token BONE.

The news of the listing comes after Shibarium talks ramped up. Recently, one of the screenshots has gone viral on Twitter, in which one of the community members has asked a lead developer of SHIB, Shytoshi Kusama: “Wen Shibarium.”

Shytoshi Kusama replied: “very soon.”

shibarium coming soon

The Shibarium talks have given a serious boost to BONE as it is reported to be the native token of Shiba Inu’s upcoming blockchain named “Shibarium.”

Moreover, BONE is the governance token of ShibaSwap that allows the Shiba Inu Community to vote on upcoming proposals. The weightage of the vote will be decided through the number of BONE the user holds. The more the BONE, the more the weight of the vote will be.

BitKan, the cryptocurrency exchange, was founded in 2012 and is based in Singapore and Japan. BitKan users can trade over 1000+ coins with the ‘1 BitKan’ APP, as the exchange generates aggregated liquidity across eight leading exchanges such as Binance, FTX, and Huobi.

BitKan also has strong shareholder background. The exchange has collected $2.4 million in Series A and $10 million in Series B funding from highly esteemed investors Bitmain, the leader in cryptocurrency mining, and IDG Capital, the early VC of Coinbase.

Loophole Spotted in NBA Association Non-Fungible Tokens as Attacker Exploits Code To Mint 100 NFTs

Mark Brennan
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Loophole Spotted in NBA Association Non-Fungible Tokens as Attacker Exploits Code To Mint 100 NFTs

 

The attacker exploited the loophole and minted 100 Association NFTs.



Less than 24 hours after the National Basketball Association (NBA) announced the minting of its Ethereum-based non-fungible token (NFT), a major loophole has been discovered in the Association digital collectible’s contract. 

What Happened

According to BlockSec, a firm that conducts smart contract audits for digital currencies, the Association NFT has a loophole that allows a non-whitelisted user to mint the digital collectible by copying the signature of investors given early access to the assets. 

BlockSec noted that the NBA Association NFT did not confirm the consistencies of the whitelisted signatures and the senders’ address, a glitch that grants unauthorized users access to mint the non-fungible tokens at its early launch. 

“The AssociationNFT contract has a vulnerability. The verify function does not: 

1) have a nonce so that it can only be used only once

2) bind the msg sender with the signer,” BlockSec tweeted earlier today. 

 

Following the major security loophole by the Association NFT developers, an attacker has taken advantage of the error to mint 100 units of the digital collectible. 

Moments after the attacker minted the Association NFTs, the user proceeded to sell them on the popular non-fungible token marketplace OpenSea. 

The attack transaction took place hours after NBA flagged off the minting event of its NFTs, and the user paid a fee of 2.72 ETH worth around $8,421 at the time of writing. 

It is worth noting that the recent development is one of the reasons security developers are advised to conduct adequate security audits of their projects’ contracts to unravel all loopholes and avoid unfortunate incidents. 

The NBA gave their response:

“We recognize the issues with the smart contract which caused the Allow List supply to sell out prematurely. We apologize for this situation and are currently identifying the Allow List wallets that were not able to mint as a result.”

 

 

NBA Launches Association NFTs

Meanwhile, the NBA team flagged off the minting exercise of its Association NFT, giving whitelisted users the opportunity to mint parts of the 18,000 assets. 

According to the basketball association, a unit of the NFT represents a real NBA player featured in this season’s playoffs. 

As noted on the Association website, NBA fans will not pay much in acquiring the NFT, as minting will be free. However, users will have to pay for gas costs, which could soar as high as 1 ETH ($3,077). 

Is This Robinhood? Newly Discovered Mysterious Whale Adds Another 177B Shiba Inu, Now Holds 5.57T Shib

Zabi
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0
Is This Robinhood? Newly Discovered Mysterious Whale Adds Another 177B Shiba Inu, Now Holds 5.57T Shib

 

Newly Discovered Mysterious Whale Reserves increases Further by 177.96 Billion Shiba Inu (SHIB), Worth $4.42 Million.



A newly discovered mysterious wallet has been accumulating Shiba Inu (SHIB) more aggressively within the last 24 hours.

Yesterday TheCryptoBasic discovered a new whale that is silently acquiring Shiba Inu; Her balance was 5.4T Shiba Inu, Worth $136M Yesterday. Today she added another 177.96 Billion Shiba Inu (SHIB) to her holdings.

As per etherscan.io data, the mysterious whale wallet has silently accumulated a further 177,962,672,029 (177.96B) SHIB, worth $4,427,913 (4.42M) through four separate transactions.

Within the past 24 hours, the wallet is again seen interacting with the wallet named on Binance and the 5th biggest ETH Whale Wallet, “BlueWhale0073”, as per data provided by etherscan.io.

whale doing transactions

 

In her first transaction, she interacted with Wallet named “Binance 14” and accumulated 64,449,938,629 (64.44B) SHIB, worth $1,600,936 ($1.60M).

Following this, she interacted with the 5th biggest ETH Whale Wallet named “BlueWhale0073” and gobbled up another big chunk of 60,943,968,039 (60.94B) SHIB, worth $1,513,848 ($1.51M) through one transaction.

Just after an hour, she again interacted with one of wallets named “Binance 16” and added 52,568,765,361 (52.56B) more SHIB, worth $1,313,129 ($1.31M) to her portfolio through two separate transactions. (1st transaction = 1,240,876,392 (1.24B), and 2nd transaction = 51,327,888,969 (51.3B) SHIB.

At the time of writing, the Mysterious SHIB Wallet now owns a total of 5,575,089,676,543 (5.57T) SHIB, worth $139,265,740 ($139.26M), as per data retrieved from etherscan.io.

new whale holding 5.5T shiba Inu

Readers should note that this Whale was discovered exclusively by TheCryptoBasic and has been seen accumulating SHIB since 5th April 2022. However, the whale’s buying activity became more aggressive once Robinhood officially declared the listing of the Shiba Inu token on its platform on April 12, 2022.

There are chances that this wallet may belong to Robinhood as Robinhood might be trying to gain liquidity for their recent Shib listing.

Ethereum Records 3X more Profit Taking Transactions Than Those in Loss In Single Day

Albert Brown
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0
Ethereum Records 3X more Profit Taking Transactions Than Those in Loss In Single Day

 

Ethereum Records 3X more Profit Taking Transactions than those in Loss.



Following Ethereum (ETH)’s 9% jump in the last few days, profit-taking transactions have surpassed the number of transactions in the loss. Data from Santiment shows there are 3.05X more transactions in profit than transactions in the loss today.

Santiment says if this trend continues, it will make today the highest relative profit-taking day in 6 months. The last time profit-taking occurred was on October 20, 2021. 

“There are currently 3.05x more transactions being taken in profit on the #Ethereum network today, compared to transactions taken at a loss. If this ratio holds, it would be the highest relative profit-taking day since Oct. 20, exactly six months ago,” Santiment wrote in a tweet.

 

 

The crypto market was in a correction for a few days. While Bitcoin investors were capitulating at the time as panic struck the market, it appears Ethereum investors remained calm and were waiting for the right time to make a profit. After the correction, there has been a relief rally that made Ethereum jump 9%.

The bounce provided the perfect opportunity for investors to make a profit, hence the higher number of transactions in profit. The rally seems to be slowing down already, especially for Ethereum, probably because of the profit-taking. The price still holds above the psychological $3,000 level though it is not certain how long it will hold or if the price will push further up from there.

Investors bullish 

As the price of Ethereum maintains the $3,000 level, the number of Ethereum on exchanges has dropped to levels last seen in 2018. Only 17.33% of Ethereum’s supply is currently remaining on centralized exchanges and the percentage is still dropping.

eth balance on exchanges

A trend like this indicates a bullish sentiment among investors as they withdraw their Ethereum to hold in personal wallets in anticipation of higher prices rather than selling them on exchanges.  

Cardano CEO Charles Hoskinson Teases About the “Side Effects” of SingularityNET’s ERC-20 Converter

Mark Brennan
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Cardano CEO Charles Hoskinson Teases About the “Side Effects” of SingularityNET’s ERC-20 Converter

 

SingularityNET AGIX-ETH converter bridge is already giving users a good value for their money less than two days after launch on Cardano mainnet. 



Following the launch of SingularityNET ERC-20 Converter on Cardano mainnet, users have expressed excitement using the solution. 

The ERC-20 Converter Bridge, which enables users to easily convert the SingularityNET’s native cryptocurrency $AGIX, from the Ethereum network to Cardano, seems to be an economical solution for users looking to swap the tokens. 

A Twitter user, with the username @RichardMcCrackn, disclosed how cheap it was using the AGIX converter from the Cardano end. 

@RichardMcCrackn noted that while he paid about $60 to process his AGIX tokens from the Ethereum side, he paid a significantly lower fee of $1.25 when completing the transaction from Cardano’s end. 

“I just used the ERC-20 converter and it worked perfectly and upgraded my Ethereum tokens to Cardano native assets, which cost about $60 on the ETH side to do everything but only $1.25 on the Cardano side. I love the ERC-20 converter. FU ETH hahaha. OK, I feel better now. Good night fam,” @RichardMcCrackn said in a tweet. 

 

Responding to the post, Charles Hoskinson, the CEO and founder of Input-Output Global (IOG), an organization responsible for the research and development of Cardano, made a joke out of @RichardMcCrackn’s post, But his parody reveals he is extremely happy with ERC-20 converter.

The Cardano boss, who recently expressed interest in developing a decentralized social media platform with Elon Musk, warned users to tread carefully when using the ERC-20 converter bridge because it has: 

“Known side effects, including overwhelming jubilance, hysterical laughter, and inner peace. Consult your engineer prior to the use of the ERC-20 converter.”  

 

AGIX Converter Bridge Officially Goes Live

Recall that the ERC-20 converter bridge was deployed on the Cardano mainnet after the solution completed all relevant security tests. 

The launch of the converter bridge sparked widespread jubilation among members of the Cardano community, as they stated that they will not be required to pay outrageous fees to move AGIX between wallets. 

Meanwhile, the price of AGIX across major cryptocurrency exchanges is currently down 3.60% in the last 24 hours, as it is trading around $0.151, CoinMarketCap data shows. 

Newly Discovered Mysterious Whale Holds 5.4T Shiba Inu Worth $136M, She Keeps On Adding Silently, And Not Selling Single Coin

Zabi
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0
Newly Discovered Mysterious Whale Holds 5.4T Shiba Inu Worth $136M, She Keeps On Adding Silently, And Not Selling Single Coin

 

We found some interesting findings of a mysterious wallet that is silently gathering Shiba Inu after the Robinhood listing.



5th biggest ETH Whale named “BlueWhale007” is continuously seen transferring its Shiba Inu (SHIB) assets to one Mysterious Wallet.

As per the recent report from WhaleStats, “BlueWhale0073” has made her 5th biggest transaction today. Through this transaction, she accumulated 50,296,290,794 (50.29B) SHIB, worth $1,269,981 ($1.26M).

Upon investigation, TheCryptoBasic found that the “BlueWhale0073” has transferred above purchased Shiba Inu to the new mysterious wallet address (0x2efb50e952580f4ff32d8d2122853432bbf2e204) through one transaction, as per etherscan.io data.

The wallet mentioned above holds 5.6T Shiba Inu worth $136M.

mysterious eth wallet holding 5.6T shiba inu
image source: Etherscan.io

Interestingly, this is not the first time the 5th biggest ETH Whale wallet has transferred SHIB assets to this mysterious address.

“BlueWhale0073” wallet became active soon after news that Shib is now available on Robinhood. Since then, the whale has made five significant separate transactions, including the one performed a few hours ago. Through these transactions, the whale has accumulated a whopping total of 1.40 Trillion SHIB, worth $36,932,864 ($36.93M).

Out of this 1.40 Trillion SHIB, she has transferred 1.395 Trillion popular dog-themed tokens worth $36,370,867 ($36.37M) to the mysterious wallet address.

etherscan 1

 

At the time of writing, “BlueWhale0073” only holds 480,007,118 (480M) SHIB, worth $12,129.

The mysterious address looks like some whale accumulating SHIB strategically and suspiciously. So far, the wallet has accumulated whopping total of 5,461,576,943,143 (5.46T) SHIB, worth $137,959,433 ($136.95M) within 14 days of its inception (Since April 5, 2022).

Besides the 5th biggest ETH Whale, the mysterious wallet is also seen interacting with a few Binance Exchange wallets and keeps on accumulating SHIB from time to time.

etherscan 2

Such mysterious behavior and continuous buying of Shib after the Robinhood listing undoubtedly demonstrate that the “Mysterious wallet” has some insidious information that constantly makes her accumulate Shib in the hope of some big announcement or upcoming event.

Also, note that this wallet is only gathering Shiba Inu and not selling or transferring a single coin.

It seems that the wallet in question is betting everything on Shiba Inu; $136M is an enormous amount; no one can gamble such a massive amount on a single coin unless you know something peculiar that might be coming soon.

One can also say that this wallet belongs to Elon Musk, Vitalik Buterin, or Shytoshi Kusama. Still, these are all guesses, and no one can precisely say who is accumulating such an enormous amount of Shiba Inu.

Hoskinsea Aims to Revolutionize The Music Industry and Pioneer NFT Music Sales on Cardano

Zabi
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0
Hoskinsea Aims to Revolutionize The Music Industry and Pioneer NFT Music Sales on Cardano

The music industry may have finally started taking NFTs more seriously. A number of artists have launched music NFT projects that have increased fans’ attention and generated millions of dollars in revenue. The NFT and crypto space is still in its infancy, especially in the music space, but perhaps the potential for more direct interaction between artists and fans, as well as new ways of monetizing digital works without resorting to traditional music publishers, make this a promising technological development.

What are Music NFTs?

music NFT is a certificate of ownership of a unique musical work that can be sold to another party. The owner has the exclusive right to determine how the composition is used. The term “NFT” applies to all kinds of fungible (multiple copies exist and are held by different parties) tokens secured on a blockchain that grants the owner the right to the music, album art, or videos created to accompany the music, or other exclusive access to content.

Beyond the strict definitions of what constitutes a non-fungible or fungible token, music NFTs help music composers, bands and artists connect and interact with their listeners in new ways.

Hoskinsea has set out certain measures to assist Music creators to sell works as NFTs and get their full rewards, In addition to earning income from immediate sales of music NFT, there are other certain ways in which NFTs sales on Hoskinsea can empower musicians which include:

Earning of royalties

Musicians who mints NFTs on Hoskinsea and sell them will earn on subsequent sales of their NFTs. This will alleviate the problem of musicians not making money on the sale of their work, or making only small amounts from centralized streaming services.

Create an active fan base

Music NFTs allow a musician to build an active fan base by creating a space in which fans can access unique NFTs related to the artist’s work. For example, events such as NFT airdrops allow musicians to reach an audience they may not have had access to before.

Musicians can also leverage unique experiences for their fans, such as giving them the opportunity to meet them virtually or in person. This is what musicians like Snoop Dogg did during his SandBox session, as well as Post Malone, who sold NFTs for people to play beer pong with him.

Cutting out the middleman

One of the main challenges musicians face is that they are usually under contract with a record label. On the other hand, most independent musicians make their money through streaming platforms. Music NFTs is a solution for both, as they allow musicians to make money by selling directly to their fans.

Real-world utility

Some of the biggest names in music such as Kings of Leon, Wu-Tang Clan, and Nas have had some sort of involvement with music NFTs. Kings of Leon’s NFT drop provided multiple different tiers, with the lowest providing exclusive artwork and the most expensive known as a ‘Golden Ticket’. Each of these tickets guarantees the owner four front-row seats to one show of every Kings of Leon headline tour for life! With the cheapest costing over a million dollars.

Hoskinsea is here to change the way that artists and fans interact forever, cryptocurrencies and blockchain technologies are on tour in the music industry – from digital ticketing to distribution, NFTs are taking over.

$HSK Token Sale

Early participants can purchase in HSK token private sale and become early holders of HSK tokens – https://sale.hoskinsea.io/

HSK token private sale

1 ADA = 100 HSK Token

Minimum Purchase: 200 ADA

Maximum Purchase: 20000 ADA

For More Info, Please Visit:

Website: https://www.hoskinsea.io/

News channel: https://t.me/hoskinseanews

Telegram group: http://t.me/hoskinsea

Twitter: https://twitter.com/hoskinsea_io

GitBook: https://hoskinsea.gitbook.io/docs/the-company

Mail: Support@hosakinsea.io

Reddit – https://www.reddit.com/r/Hoskinsea/

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