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Breaking: Robinhood Finally Lists Shiba Inu (SHIB)

Mark Brennan
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Breaking: Robinhood Finally Lists Shiba Inu (SHIB)

A few Hours Ago Top Whales Bought 393B Shib, And Now Robinhood List Shiba Inu.


 

Popular cryptocurrency investment app Robinhood has started adding more cryptocurrencies to its offerings, as the company lists Shiba Inu (SHIB) alongside three other coins. 

According to Robinhood, aside from SHIB, they also added three new cryptocurrencies such as Polygon (MATIC), Solana (SOL), and Compound (COMP). 

The development comes months after the cryptocurrency investment app declared that it would not be adding new digital currencies to its list of offerings due to a lack of regulatory clarity. 

Aside from adding new coins to the platform, Robinhood noted that it would also not invest in the industry until the government provides regulatory clarity for the nascent asset class. 

Interestingly, the United States government made a significant effort toward cryptocurrencies last month after the Biden administration published the much-anticipated cryptocurrency executive order. 

The order mandates all relevant agencies to work together to develop regulations for the U.S. crypto industry to protect investors and foster the growth of nascent technology. 

With the U.S. committed to providing clearer regulation, Robinhood has deemed it fit to add new coins. 

Today there was massive whale buying also. Two top ETH whales seemed to know that shib Robinhood listing was coming. The two Biggest Whales, “Light” And “Bombur,” Scooped Up 393 Billion Shib a few hours before listing.

We have many times given our analysis that Robinhood will only launch SHIB once the exchange wallets go live, and the same happened. Robinhood’s crypto wallet went live to 2 million users just three days ago, and today the exchange list Shiba Inu.

As a result of the listing, shib is up almost 10%, currently trading at $0.00002477.

Whales Heavily Loading Shiba Inu: Two Biggest Whales “Light” And “Bombur” Scoop Up 393 Billion Shib

Zabi
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Whales Heavily Loading Shiba Inu: Two Biggest Whales “Light” And “Bombur” Scoop Up 393 Billion Shib

Two Biggest ETH Whales Gobble Up 393.24 Billion Shiba Inu (SHIB), Worth $8.99 Million; ETH Biggest Whale “Light” Now Holds 5.77% of Total SHIB Supply.



Top 100 Ethereum whale wallets become active and started accumulating Shiba Inu (SHIB) aggressively as the price of the most popular dog-themed cryptocurrency dipped toward the major support level i.e., $0.00002191 (previous resistance now turned support) on the daily timeframe.

The blockchain data tracking website, WhaleStats has recently reported three separate massive transactions through which a total of 393,245,019,067 (393.24B) SHIB, worth $8,994,017 ($8.99M), has been accumulated.

As per the report, the world’s biggest ETH whale, “Light,” has accumulated a whopping 331,907,311,956 (331.90B) SHIB, worth $7,597,358 ($7.59M) through two separate back to back transactions.

In her first massive transaction, the whale accumulated 287,355,928,094 (287.35M) SHIB, worth ,577,577 (.57M).

After two minutes of the first transaction, she carried another one and added 44,551,383,862 (44.55M) more SHIB, worth ,019,781 (.01M) to her portfolio.

Shiba Inu appears to be the 6th biggest holding position by dollar value for “Light.” She currently holds a whopping 34 trillion SHIB (5.77% of total SHIB supply, i.e., 589 Trillion SHIB), worth $763,484,930 ($763.48M) per data provided by WhaleStats.

Following these two massive transactions, the 21st biggest ETH whale named “Bombur” became active and gobbled up a whopping 61,337,707,111 (61.33B) SHIB, worth ,396,659 (.39M) through a single transaction.

This aggressive accumulation makes SHIB one of the top purchased tokens among the 100 biggest ETH whales in the last 24 hours, as per WhaleStats.

SHIB is currently the biggest holding position by dollar value among the top 100 ETH Whales as they hold $1,182,100,323 ($1.18B) value of SHIB tokens in their wallets.

Impact on SHIB Price:

Soon after Whales’ accumulation, SHIB’s price jumped from its daily critical support level of $0.00002191 to $0.00002295 and is seen trading at the price of $0.00002289 at the time of writing. The price is showing a decrease of over 5% for the day.

MicroStrategy CEO Says Countries, Banks, Conventional Finance Will Eventually Adopt Bitcoin, It’s Just A Matter of Time

Mark Brennan
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MicroStrategy CEO Says Countries, Banks, Conventional Finance Will Eventually Adopt Bitcoin, It’s Just A Matter of Time

Michael Saylor of MicroStrategy Says Everyone Will Eventually Adopt Bitcoin (BTC).


 

In a Fox interview yesterday, popular Bitcoin proponent and CEO of business intelligence company MicroStrategy, Michael Saylor, noted that interest in Bitcoin has gained more momentum than what was observed in the past year. 

 

Recounting his experience at the Bitcoin 2022 conference that was held in Miami last week, Saylor said:

“I’ve never seen so much passion [in one event]. We have politicians from all over the world getting interested, we have sports figures, capitalists from every industry showing up for the first time, as well as other intellectual figures.

Every single day another big bank adopts Bitcoin. The big investors just got the green light from the President of the United States, with that crypto executive order. So JPMorgan is coming around, and Bank of America, and Goldman Sachs, are all coming around. It is just a matter of time.”

Bitcoin Is the Solution to Global Financial Issues

According to Saylor, people’s reaction to the development in the global financial system indicates a lack of trust in the government as the value of fiat keeps decreasing due to rising inflation.  

He noted that there was twice as much energy as last year’s Bitcoin event, and it indicates that people are in search of solutions to store their wealth, in order to save it from the rising inflation currently affecting world economies. 

“Bitcoin is the solution [to this problem],” Saylor added, which is why interest in the world’s largest cryptocurrency has surged in recent times. 

Critics & Banks Will Adopt BTC  

Irrespective of the criticisms from several traditional financial experts like Warren Buffett and Peter Schiff, among others, Saylor believes everyone, including the critics and banks, will eventually adopt BTC. 

With the release of the cryptocurrency executive order by the Joe Biden administration, big investors and banks like JPMorgan, Bank of America, Goldman Sachs, and BlackRock are flocking into the digital currency market. 

Commenting on the current dip of the cryptocurrencies that saw the global cryptocurrency market shred over 4% of its value yesterday, Saylor said the current value of Bitcoin presents an opportunity for long-term holders to stack up to their holdings. 

“I think with the Dollar Cost Averaging (DCA) you should be grateful for this opportunity,” he said, adding that traders who hold their Bitcoins for the long-term will get better gains than the “fast money traders.” 

MicroStrategy has embarked on a Bitcoin purchase spree since August 2020, adding nearly 130,000 BTC to its vault in less than two years. 

Despite its large holdings in BTC, MicroStrategy has declared that it will continue to buy Bitcoin. 

Saylor has been a major advocate of Bitcoin, calling on people to adopt the asset class as a hedge against inflation. 

Cardano Whales Holding Most ADA in 2 Years Despite 59% Drop from All-time High

Albert Brown
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Cardano Whales Holding Most ADA in 2 Years Despite 59% Drop from All-time High

Cardano Whales Holding Most ADA in 2 Years.


 

Due to market corrections, most cryptocurrencies have dropped significantly from their all-time high prices recorded in Q4 2021. Cardano (ADA) is one such asset. After losing 59% of its all-time high price of $3.10, it now struggles to stay above $1, worsened by the major market correction seen yesterday.

Surprisingly, Cardano whales (those with 10 million or more ADA) hold the highest percentage of the cryptocurrency’s supply in two years. Specifically, they now hold 46.6% of the supply, although a good number of the whale addresses belong to exchanges. 

 

Whale holdings, a sign of optimism

The crypto market has experienced a slow price correction since January 2022. While this is usually considered to be a bad sign, whales holding onto more of the ADA than they ever did in two years show they expect the trend to change eventually. It also depicts that large investors trust Cardano. The optimism is hardly surprising as Cardano has been doing a lot of work to make the network more useful.

The project’s founder, Charles Hoskinson, has often spoken about these upgrades, some already in place. The team recently announced it had enabled smart contracts and dapps on the network. Just last month, it also announced the launch of its NFT marketplace for the network’s users to buy, sell and trade NFTs as the ecosystem continues to grow.

Cardano announced even more recently that it would be launching a decentralized autonomous organization (DAO) to champion the emergence of new ideas. The DAO will also contribute to funding ideas for the network to make it compete with other top projects. All of these are expected to make the network support a growing number of users and increase the utility of ADA, the native token.

ADA may drop to $0.91 or lower

Cardano had maintained a $1.2 price for some time until the recent market correction that made it lose the psychological $1 level. The asset seems to be under serious selling pressure even though whales are holding a significant portion of its supply.

The current price is $0.9454 but may drop to the key $0.91 support if this trend continues. Analysts expect it to even go lower until it hits the support at $0.78.if the momentum does not change soon.  Key technical indicators such as trading volume, RSI, and MACD indicate that ADA is in a bearish trend, at least in the short term and there is no hope of recovery in sight yet. 

Dogecoin Pseudonymous Founder Gives Reasons Why He Likes Non-Fungible Tokens (NFTs) 

Lele Jima
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Dogecoin Pseudonymous Founder Gives Reasons Why He Likes Non-Fungible Tokens (NFTs) 

Dogecoin Founder is in love with Non-Fungible Tokens (NFTs).


 

With a growing interest in non-fungible tokens (NFTs), Shibetoshi Nakamoto, the Dogecoin (DOGE) pseudonymous founder, has applauded the nascent asset class for bringing up new ways people can interact with the cryptocurrency market. 

According to the outspoken Dogecoin founder, before the inception of NFTs, people did not do anything positive with cryptocurrencies rather than “playing” the pump and dump game. 

“Why do I like NFTs? For years and years, no one did anything with crypto other than play the pump and dump game. At least NFTs are being used for [much better purpose],” Dogecoin’s pseudonymous founder said.  

 

Growing Interest in NFTs

Shibetoshi Nakamoto’s comment on why he likes NFTs is valid to a large extent. The inception of non-fungible tokens has attracted lots of interest from a new investor class, who has been scared of getting involved in cryptocurrencies due to the numerous alarming developments in the space, especially the pump and dump schemes. 

A cryptocurrency pump and dump scheme is a technique whereby developers of a project invest heavily in marketing the token to investors using misleading information to raise its price and then sell everything for a profit, which crashes the price. 

With security and transparency featured in NFTs, more people are now getting involved with the crypto sector. Celebrities, including musicians and sportsmen, have sold a variety of digital collectibles known as NFTs, raking in millions of dollars in different transactions. 

Snoop Dogg, a popular hip-hop star, collaborated with Cardano-based Clay Mates to launch his digital collectibles that will give holders access to unreleased songs by the musician. 

Despite the enticing opportunities associated with NFTs, Shibetoshi Nakamoto still noted that non-fungible tokens have their own set of unique problems like stolen art and fake purchases. 

“[…] Otherwise, it’s just people making and selling digital collectibles with the pointers living on blockchains. It’s a pretty simple concept and has led to many bad takes,” he concluded. 

 

Meanwhile, the Dogecoin founder recently slammed popular American hip hop star Madonna, for lying about her non-fungible token purchase. 

Over 258 Million Shiba Inu Tokens Burnt Within 24 Hours: Details

Zabi
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Over 258 Million Shiba Inu Tokens Burnt Within 24 Hours: Details

Above 258.29 Million Shiba Inu (SHIB) Burnt Within Past 24 Hours.


 

Shibburn.com recently released a 24-hour burn figure and reported that 258,294,131 (258.29M) SHIB tokens have been burned through 11 separate transactions by the community-led burning initiatives and developer built burning mechanisms during the period of last 24 hours.

Two newly emerged tokens, 1Cent and ScareCrow (SHIB Protector), contributed the largest share and appeared to be the top SHIB burner of the day.

1Cent Weekly Burn Event:

For the 5th month straight, 1Cent, a newly emerged token supporting SHIB burn, organized a Weekly Burn Event on 11th April 2022. The project claimed that they sent 145,686,435 (145.68M) SHIB to the dead wallet in one large transaction yesterday.

In total, the project “1Cent” has taken out a whopping 1,311,802,045 (1.31B) SHIB from circulation within one month and four days.

ScareCrow (SHIB Protector) Auto-Burn Mechanism:

ScareCrow (SHIB Protector), another newly emerged token using its unique auto-burn feature, burned 104,563,610 (104.56M) through 4 separate transactions, as per data provided by Shibburn.com.

 

shib burn
image source: Shib Burn

ScareCrow automatically uses the taxed amount to buy SHIB and burns whenever someone buys or sells tokens.

This unique auto-burning mechanism sent over two billion+ SHIB to the dead wallet within four weeks.

Renaming of Shiboshi:

Renaming of Shiboshi, a developer-built SHIB burning mechanism, is also held responsible for burning 3,765,784 (3.76M) SHIB through 2 separate transactions.

Current SHIB Price:

At the time of writing, the Shiba Inu is trading at the price of $0.00002278, down -6.38% over the last day. The 24-hour trading volume for the popular dog-themed cryptocurrency surged over 19% compared to the previous day and currently stands at $760,451,145.35 ($760.45M).

Coinbase Names 50 Tokens it Set to List Soon

Mark Brennan
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Coinbase Names 50 Tokens it Set to List Soon

Coinbase Names 50 Assets it is Set to List in Q2 2022.


 

Coinbase has released a list of 50 digital assets it is considering listing in Q2 2022. In a blog post, the exchange said this is the first time releasing such a list to increase transparency in its listings by “providing as much information symmetry as possible.”

The assets contained in the list will be officially listed between 1 April and 30 June. Until then, trading and transfers are not supported for any of them on the exchange.

Assets to be listed 

Tokens coming on Coinbase comprise mainly of two classes.

45 of these coins are ERC-20 tokens. They are ALEPH, Arcblock, BiFi, Big Data Protocol, Binance USD, BitDAO, Botto, TIME, Coin98, DappRadar, DEXTools, DFX Finance, Dope Wars Paper, DREP, Elastos, Gemini USD, Honey, Hopr Token, Index Cooperative, Indexed Finance, Jupiter, Kromatika, LockTrip, MATH, Monavale, Morpheus Labs, mStable Governance Token: Meta, Muse, Nest Protocol, Opacity, OpenDAO, PARSIQ, PolkaFoundry, Polkamon, RAC, SelfKey, StackOS, StaFi, Strike, Student Coin, SwftCoin, Sylo, TE-Food, UnMarshal, Wrapped Ampleforth based on the Ethereum blockchain.

Others are 5 SPL tokens, Apricot Finance, Bitspawn, Green Satoshi Token, Media Network, and Realy on the Solana blockchain. 

Coinbase’s goal is to list as many assets as possible, provided they meet their legal, compliance, and technical security standards. This is regardless of the asset’s market cap or the project’s popularity. This has been the guiding principle of Coinbase, which explains why there are assets listed on the exchange that are not found on any other exchange.

Expanding its reach 

Coinbase recently announced it would be launching its trading services in India. The country’s largest population will be given access to assets listed on Coinbase, so listing as many assets as possible is necessary.

The listing of these new assets couldn’t have come at a better time as Coinbase strives to offer its customers as many asset options as possible. 

Huge Win For Ripple: Judge Sarah Netburn Insists SEC Must Surrender Hinman’s Emails to Ripple

Mark Brennan
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Huge Win For Ripple: Judge Sarah Netburn Insists SEC Must Surrender Hinman’s Emails to Ripple

Massive Win For Ripple as SEC Must Surrender Hinman’s Emails to Ripple.


 

SEC’s motion for partial reconsideration of the DPP ruling was denied.

In what is considered a major win for Ripple, Judge Sarah Netburn has denied the Securities and Exchange Commission’s request for partial reconsideration of the Deliberative Process Privilege (DPP) ruling. 

 

According to the court’s decision, following the SEC’s request for partial reconsideration, the securities agency has not identified any intervening changes in controlling laws or decisions that were unaddressed by the court’s January 13, 2022 order. 

The SEC noted that William Hinman’s 2018 speech, which was initially intended to communicate the Finance Department’s approach toward regulating digital currency, was inconsistent with the former Director of Finance’s previous position that the speech reflected his personal views. 

“The SEC seeks to have it both ways, but the Speech was either intended to reflect agency policy or it was not. Having insisted that it reflected Hinman’s personal views, the SEC cannot now reject its own position,” an excerpt of the ruling read. 

With the latest ruling from Judge Netburn, the SEC has a period of 14 days to file an objection to Judge Analisa Torres. 

DPP Issue

Recall that the SEC was ordered in a January 13, 2022 ruling to provide Ripple an email with a draft of former director Hinman’s 2018 speech, where he talked about the regulatory status of Ethereum (ETH). 

The speech, according to the blockchain company, provides answers to the argument on whether Ripple’s XRP is a security, the main basis of the lawsuit. 

Throughout the lawsuit, Ripple has argued that there was little to no regulatory guidance to determine what offering falls under the securities regulation. 

Based on this shortcoming, the blockchain company had requested documents from the SEC containing communications from the SEC’s staff, which detail relevant securities policies. 

However, the SEC has refused to turn over the documents, saying they represent the personal opinions of its staff and cannot be used for public guidance. 

Controversial Ruling

It is worth noting that while Judge Netburn has denied the SEC’s motion for partial reconsideration, the court granted the agency’s request for clarification of the June 13, 2022 ruling. 

Attorney Jeremy Hogan, a partner at Hogan & Hogan law firm, noted that the order is “disturbing” given the fact that Judge Netburn allowed the SEC to redact parts of the documents that discussed separate agency deliberations. 

“My concern: it’s those parts of the emails that are most damaging to the SEC.  How will we know?  If the SEC appeals to Judge Torres, they are in trouble,” attorney Hogan said. 

 

Latin American Delivery App Rappi Launches Pilot Program for Bitcoin (BTC) Payments

Lele Jima
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Latin American Delivery App Rappi Launches Pilot Program for Bitcoin (BTC) Payments

Cryptocurrency payment adoption continues to soar, with Rappi’s pilot program.



Latin America delivery app Rappi is the latest business to adopt cryptocurrency, as the company announced the launch of a pilot program that accepts the nascent asset class in payments. 

Popular news outlet Reuters reported today that the delivery app, which offers on-demand deliveries of food as well as other goods in Latin America, has partnered with crypto payment providers BitPay and Bitso for the initiative. 

Following the partnership, Rappi users will be allowed to convert supported cryptocurrencies to credits inside the app and make their purchases directly from the platform. 

According to the report, the pilot program will commence in Mexico and its success will determine a full rollout in other Latin American countries. 

“It’s the first step that will allow us to learn and continue incorporating the crypto world into Rappi,” Sebastian Mejia, Rappi’s president, said in the announcement. 

At the time of writing, it is not clear what cryptocurrency will be accepted for payment, but it is expected that Bitcoin (BTC), the world’s largest cryptocurrency will be included in the list. 

Rappi’s Dominance in Latin America  

Rappi is a delivery company operating in nine major countries in Latin America, including Colombia, Mexico, Brazil, Argentina, Uruguay, etc.  

Aside from the delivery service, Rappi also offers financial-related services in Brazil, Peru, Mexico, and Chile, with plans on the way to debut digital banking services in Colombia this year. 

Rappi launched “Pay with Rappi” in Mexico last year to rival PayPal and MercadoLibre’s dominance in the online payments sector. 

More Companies Accepting Cryptocurrencies

Meanwhile, Rappi is not the only company eyeing the mouthwatering opportunities associated with digital currencies. 

With the growing adoption of cryptocurrencies, companies are left with no choice but to offer payments in the nascent asset class or risk losing a majority of their customers to competitors. 

Earlier today, New York-based myGemma became the first online luxury resale platform to accept bitcoin and Ethereum payments for its merchandise like shoes, bags, jewelry, and watches. 

As Market Tumbles, Michael Saylor Says MicroStrategy Will Not Stop Buying Bitcoin

Albert Brown
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0
As Market Tumbles, Michael Saylor Says MicroStrategy Will Not Stop Buying Bitcoin

Michael Saylor Says MicroStrategy doesn’t intend to stop buying Bitcoin.



Michael Saylor, the CEO and co-founder of leading business intelligence and software company MicroStrategy has dismissed speculation that the company embarks on its Bitcoin (BTC) accumulation spree only when the asset class price is down. 

The popular Bitcoin proponent, who has led the company on multiple Bitcoin purchases, disclosed recently that while MicroStrategy is not looking at the perfect time to add to its BTC purchases, the company will not stop buying Bitcoin. 

“I’m not trying to time the market, and I don’t intend to stop buying Bitcoin. Forever, Laura.  Forever!” Saylor said at the recently concluded Bitcoin 2022 conference held in Miami. 

MicroStrategy Bitcoin Accumulation Spree

Recall that MicroStrategy is among the pioneers of corporate investors that have embarked on a Bitcoin purchase spree. 

The publicly-traded company has amassed over 100,000 BTC since it declared interest in the world’s largest cryptocurrency, with many thinking it would take a break from adding BTC to its stash. 

While many thought the company would stop buying Bitcoin, MicroStrategy added another 4,167 Bitcoin earlier this month, further increasing its holdings in the top asset class.  

Since declaring interest in Bitcoin, MicroStrategy has purchased 129,218 BTC worth around $5.28 billion at the time of writing. 

Despite making huge gains investing in Bitcoin, MicroStrategy has reiterated that it will not sell a single satoshi as Saylor considers cryptocurrency the future currency. 

Saylor Advocates for Bitcoin

Aside from Saylor pioneering MicroStrategy’s Bitcoin purchases, the company’s co-founder has advocated for Bitcoin adoption at every opportunity he gets. 

For Saylor, Bitcoin is not only a store of value but a technically, politically, and economically sound form of money, which has attracted the attention of many people globally, as seen in its widespread adoption. 

Despite the many opportunities associated with BTC, Saylor added that Bitcoin would reimburse people robbed by inflation. 

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