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Two More Businesses ‘DOCARR’ And ‘Nova Taxi’ Now Accept Shiba Inu

Zabi
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Two More Businesses ‘DOCARR’ And ‘Nova Taxi’ Now Accept Shiba Inu

Mainstream adoption of Shiba Inu (SHIB) is on the rise – especially in Spain and Venezuela. Dedicated Shib Growth Breed members and SHIB Spanish Community lead the project from the front.



One of the active SHIB Growth Breed members, Xanders Shib, recently came up with the recent update on mainstream adoption and reported that one of the local businesses involved in selling auto parts now accepts the Shiba Inu token as a form of payment on their store. The business name is “Repuestos DOCARR,” and is located in San Felix-Bolívar.

San Felix is ​​a Venezuelan community in the Caroni Municipality, one of the 11 municipalities that make up the Venezuelan state of Bolivar. The city of Guayana City is the shire town of the Caroní Municipality.

Looking into the business’s Instagram page, we found that the company specializes in dealing with Fiat and Renault spare parts.

As per Xanders Shib, this marks the 117th business establishment in the country for having accepted SHIB as payment.

On Wednesday, Xanders Shib shared the update on Shiba Zone, a food park inspired by SHIB currently under construction, with the community and said, “Usability continues to grow” for SHIB in Venezuela.

Following his tweet, Shytoshi Kusama, a lead developer of SHIB himself, responded to his tweet while expressing gratitude to him for his effort in the SHIB project.

The tweet reads:

“I love this. Big things are just starting there in Venezuela! Thank you, @ShibaXanders, for the hard work on this.”

On the other hand, the official SHIB Spanish Community reported via tweet that a new business called “Nova Taxi” now accepts SHIB as a form of payment method.

 

As per the details provided by the Spanish Community, Nova Taxi is a company that gives 24-hour service to their clients residing in Arroyomolinos and Móstoles (Community of Madrid, Spain).

Due to the hard work of SHIB Growth Breed Members, more and more businesses are now pouring into the Shiba Inu ecosystem and accepting it as a form of payment method in exchange for their services.

Why Is Shiba Inu Keeps Decreasing in Price Despite Having So Many Developments?

Even though more than 600+ businesses are now accepting SHIB as a payment method, these developments seem to impact SHIB price. Here’s Why?

There is no doubt Shiba Inu’s mainstream adoption is on the rise worldwide and is not limited to Venezuela and Spain only. But still, there is a long way to go, as there are not many people who purchase products by paying with Shiba Inu. But Why?

As per the recent stats revealed by Triple-A, there are currently over 300 million crypto users in the world. Over 18,000 businesses are already accepting cryptocurrency payments. Whereas the world’s total population is 7.9 billion, as per Worldometer. This means only 3.7% of the world’s population are crypto users and the rest of the 96% are still yet to introduce themselves to the crypto space, and this development will take a few years.

In short, when more people come to join the crypto space, the cryptocurrencies, along with Shiba Inu, will have more utility in real. More people will exchange hands with cryptocurrencies in exchange for services and products. This would be when the world might experience a sharp increase in SHIB price and many other popular ones.

At the time of writing, Shiba Inu’s price is trading at $0.00002455, showing an almost 3% decrease over the last day. The 24-hour trading volume for the token also nosedived more than 47% compared to the previous day and currently stands at $556,324,265.68 ($556.32M).

Santiment Data Shows Surge in Whale Transactions Helping Bitcoin Price To Recover

Albert Brown
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Santiment Data Shows Surge in Whale Transactions Helping Bitcoin Price To Recover

The surge in Whale Transactions Pushes Bitcoin Price Up.



Bitcoin’s price has been ranging tightly in the last several weeks, but recently, there has been a spike in whale activities on the network. Crypto analysis platform Santiment says that there have been more than 1,000 BTC transactions within 1 hour, amounting to at least $100,000 worth of Bitcoin being moved. 

Santiment writes:

“With Bitcoin‘s price still suppressed after dropping 7.4% this week, we’ve seen the largest spike in whale transactions in April. Between 4 pm & 5 pm UTC today, there were 1,146 BTC moves valued at $100k or more, and prices have inched up.”

 

This is the largest spike in Bitcoin whale transactions in April 2022. The Crypto Basic reported that Bitcoin Whales are starting to activate wallets that have been dormant for almost 13 years around this same period, making it a significant time.

Whale activity causes price surges.

A significant factor that determines Bitcoin’s price movement is the activity of whales. As a result of the substantial activity of whales recently, the price of Bitcoin, which has been down in the last 48 hours, started to inch upwards. 

Other cryptocurrencies have started to follow suit as the crypto market’s direction mostly depends on Bitcoin’s direction. In the last 24 hours, the BTC price rose to $43,860 as the peak price due to the whale transactions, although it dropped to $43,489 at the time of writing this report. 

Altcoins such as Solana, Avalanche, and Dogecoin have posed the most impressive gains, with Dogecoin leading at over a 4% increase in the last 24 hours.

Fear still dominant

Despite the whale activity and the relief rally experienced in the last few days, the sentiment for Bitcoin remains fearful. The Fear and Greed Index indicates fear at 37 currently. This clearly shows that this is just the beginning of the price rise, as fear means many have not gone bullish yet and are still waiting on the sidelines. Their entry is likely to push the price even higher eventually.

Bitcoin Supply On exchanges

Data also show that Bitcoin supply that has not moved in at least one year has reached a New All-Time High.

A new upward price trend always follows Once this metric breaks previous all-time highs.

 

Ethereum Co-founder Vitalik Buterin Receives Father’s Backing in Criticizing Putin And Russia

Mark Brennan
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Ethereum Co-founder Vitalik Buterin Receives Father’s Backing in Criticizing Putin And Russia

Ethereum Co-founder Vitalik Buterin Receives Father’s Backing in Criticizing Putin And Russia.



The Co-Founder of Ethereum, Vitalik Buterin has taken a clear political stand concerning the Russia-Ukraine war. The Russian-born Canadian citizen has written a few posts on Twitter criticizing Russia’s invasion of Ukraine.

However, he made his stand even clearer with a more recent Twitter post he wrote in Russian. Before doing that, the 28-year old sought his father’s opinion, not just on the accuracy of his written Russian but also expressing his fears about the consequences of writing the post. 

“Vitalik said, ‘Dad, I want to write this social-media post, and I am scared to write it, but I really want to do it,’” his father, who is also a vocal Putin critic, told Financial Post.

Buterin’s father has been very supportive as far as speaking out against Putin’s activities goes. He says that Vatalik’s stand is being challenged by some people in Russia who live in Putin’s “state-dominated, propaganda-saturated domestic bubble” where “white” is seen as “black” and “black” is seen as “white”.

“At the end of the day, Vitalik is Russian, he is Russian speaking, and things have changed,” his father said. “That’s what leadership is: we have to be clear about what we believe in. We have to stand up, and Vitalik has said, ‘I stand for human values, I stand for peace,’ and there are a bunch of people in the crypto space in Russia giving him flack for it,” he said.

His father further said:

“This is the first time he (Vitalik) has taken such a clear political stand.”

Criticizing Russia and supporting Ukraine

Vitalik hasn’t only criticized Russia’s invasion of Ukraine but has also contributed to making life better for the victims of the Russian attacks. So far, he has donated $2.5 million in Ethereum to Aid For Ukraine and another $2.5 million in Ethereum to UnchainFund, a charity project created by blockchain activists to support Ukraine with humanitarian aid.

“VitalikButerin donated almost $2.5M in ETH to @_AidForUkraine 2 days ago, and didn’t say a word! He’s also donated $2.5M to @Unchainfund. Thanks for your enormous help, Vitalik, and thank you for creating @ethereum! The #Ethereum community is,” a recent post on the Aid For Ukraine Twitter handle said.

 

The Ethereum Co-Founder promoted this fundraiser in which funds were raised in ETH to support Ukrainian civilians. The fundraiser has raised at least $7 million and clearly, he has contributed majorly towards the cause while challenging Russians on social media to take a side and not sit on the fence. 

Like father like son

The senior Buterin, Vitalik’s semi-retired father, is known for his open criticism of Putin. Until recently though, Vitalik was only known to tweet about Ethereum and crypto. Things changed when Putin decided to invade Ukraine, at which point he started speaking out, just like his father.

“Ethereum is neutral, but I am not.” was one of his first posts following the invasion, and he has progressively spoken out against the matter.

Before the Russian invasion of Ukraine, Vitalik urged Russia not to go to war: “An attack on Ukraine can only harm Russia, Ukraine, and humanity. Whether the situation can return to a peaceful path or a war can now be decided not by Zelensky, not by NATO, but by the Kremlin. I hope they choose wisely.” 

 

But as the war started he wrote in Russian that he is “Very upset by Putin’s decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people.”

 

 

111 Trillion Shiba Inu Token Burns Per Year Achievable in Upcoming Shib Burn Portal

Lele Jima
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111 Trillion Shiba Inu Token Burns Per Year Achievable in Upcoming Shib Burn Portal

Queenie details how the upcoming burn portal can remove 111 trillion SHIB from Shiba Inu’s circulating supply yearly.



Following the enthusiasm surrounding the need to burn a part of the supply of Shiba Inu (SHIB), a team member of the project has explained in detail how much of the cryptocurrency could be burnt yearly. 

According to a Twitter post, Queenie, a Shiba Inu Discord moderator, about 111 trillion units of SHIB could be burnt out of the dog-themed cryptocurrency’s total supply yearly “if everything goes as planned.” 

 

The Burn Metrics

Queenie noted that even though 1% of SHIB transaction fees burn is implemented on Shibarium, a Layer-2 technology, and ShibaSwap 2.0, the project’s decentralized exchange, the project could be burning trillions of Shiba Inu coins yearly. 

Explaining in detail, she said if a 1% transaction fees burn is implemented on ShibaSwap 2.0, and the decentralized exchange completes a total of $10 billion worth of trading volume monthly, 3.7 trillion Shiba Inu coins will be burnt each month, bringing the total to 44 trillion SHIBs yearly. 

Notably, the amount can be doubled to 88 trillion yearly if the same metric is implemented in Shibarium L2 technology. 

Positive Expectations

Furthermore, Queenie stated that by adding the volume to the numerous community burns currently in existence, the importance of SHIB burns for the year could surge as high as 111 trillion SHIB “in a bad year.” 

If Queenie’s analysis is realized, 20% of Shiba Inu’s 549 trillion circulating supply could be burnt forever. 

Shiba Inu Burn Calls

Recall that the Shiba Inu community has been calling on the developers to introduce a burn mechanism that will ultimately reduce the total supply of SHIB by one quadrillion. 

The community believes the move would boost the coin’s value to about $0.01. After several calls, the Shiba Inu team disclosed earlier this year that it would be introducing a burn portal for the cryptocurrency later. 

However, the developers did not give further details of the upcoming initiative, leaving enthusiasts to make wild suggestions.  

It is worth noting that the team has already commenced testing the SHIB burn portal. 

Dogecoin Founder Says There is No Reason Twitter Shouldn’t Add Dogecoin to Tipping Jar

Mark Brennan
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Dogecoin Founder Says There is No Reason Twitter Shouldn’t Add Dogecoin to Tipping Jar

There is no Reason Twitter Shouldn’t Add Dogecoin to Tipping Jar – Dogecoin Creator.



The number one meme coin, Dogecoin, has had good and bad times. With the support of Tesla’s Elon Musk, it has seen a lot of good times recently as the price reached a new all-time high of over $0.6 in 2021.

Even more recently, the CEO of Tesla also announced that DOGE could be used to pay for some Tesla merchandise. As he has come to be recognized as the “father” of Dogecoin, Musk’s appointment to the Twitter board of directors has raised questions about what he intends to do the Dogecoin through his position.

One possible thing that comes to mind is the addition of Dogecoin to Twitter’s tipping service. This will make it one of the few cryptocurrencies, such as Bitcoin and Ethereum, that are used to tip on Twitter. But are there any reasons why this should not be done?

No reason to not add Dogecoin to the tipping jar

The creator of Dogecoin, known on Twitter as Shibestoshi Nakamoto, has lent his voice to the issue. He said there is a “0” reason not to add the meme coin to the tipping service available on Twitter. He argues that Dogecoin is the ideal cryptocurrency for tipping on the internet and has always been since 2013 when it was created.

Nakamoto emphasized that dogecoin has been a tipping cryptocurrency on the internet since 2013, so there is no reason not to add doge to the Twitter tipping jar.

 

Many other Dogecoin supporters seem confident that Musk will add Dogecoin to the Twitter tipping jar, but only a few have gotten Musk’s confirmation of their bias.

Dogecoin has bounced back.

After the crypto market downturn in the last 48 hours, some cryptocurrencies have started recovering, including Dogecoin. The twelfth largest cryptocurrency has risen 5.95% when reporting this story and shows signs of strength for rapid upward movement. 

If Elon Musk adds this meme coin to Twitter’s tipping service, it may soon see another bout of price appreciation in the near future. 

Jack Dorsey and Senator Lummis Praises Strike As Walmart, McDonald’s, Starbucks Can Now Accept Bitcoin Payments

Mark Brennan
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Jack Dorsey and Senator Lummis Praises Strike As Walmart, McDonald’s, Starbucks Can Now Accept Bitcoin Payments

Bitcoin adoption rate is going parabolic, as days are passing Crypto payments and transactions are no longer only limited to the crypto industry.



In one of the biggest Bitcoin events currently being hosted in Miami, the CEO of Strike, Jack Mallers revealed that they were integrating Bitcoin into some of the largest payment processors, NCR, Blackhawk, and Shopify. Any platform that employs these processors will be able to carry out transactions using Bitcoin’s Lightning Network.

Blackhawk is a large American payments company. NCR is the largest point-of-sale provider around the globe. NCR is serving for 135 years and is the world’s enterprise technology leader for restaurants, retailers, banks, and multi-vendor ATMs. Headquartered in midtown Atlanta, Ga., NCR has over 34,000 employees in 160 countries and solutions distributed in 141 countries.

Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.

 

Place To Spend Bitcoin After New Strike Partnerships.

Speaking at Bitcoin 2022 conference, Mallers emphasized that the motivation behind the integration was to distrust banks. He plans to help merchants by avoiding hefty fees and entitling better privacy for the customers during the payments process. He added,

“This is about America. We need to protect our ability to innovate. It’s better for everybody, it grows your business, it’s a fair game… Any online merchant who uses Shopify can accept payments without the 1949 boomer network, receive it instantly, cash final, with no intermediary, and no 3% fee. Anyone can build anything… When I walk into a Whole Foods, when I walk into a Chipotle, I want to be able to use my Lightning node over Tor if I care about my privacy. ”

Below you can see a screengrab from the presentation where Mallers shows all of the different places you could use Bitcoin through these new partnerships.

companies to accept bitcoin
Live stream by Marathon digital holding



U.S. Senator Cynthia Lummis And Ex Twitter CEO Jack supports Strike partnerships

U.S. Senator Cynthia Lummis praising strike deals said:

“If America wants to remain the global financial leader, we need to foster innovation. Strike’s financial announcement is a valuable contribution toward bringing America’s financial system into the 21st century.”

Crypto Twitter has highly liked the Strike announcement, he called Mallers a motivation for expanding the adoption of Bitcoin.

 

 

Top NBA Star Michael Jordan Non-Fungible Tokens (NFT) To Launch on Ripple’s XRPL

Mark Brennan
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Top NBA Star Michael Jordan Non-Fungible Tokens (NFT) To Launch on Ripple’s XRPL

Michael Jordan Non-Fungible Tokens (NFT) to Launch on Ripple’s XRPL in Q2 2022.


 

The adoption of Ripple’s XRPL in the creation of exciting non-fungible tokens continues to surge tremendously. 

Famous blockchain company Ripple has announced that Rare Air Media and VSA Partners will be developing a unique set of non-fungible tokens (NFTs) on the XRP Ledger (XRPL). 

The partnership will feature the development of a one-of-a-kind digital collectible covering the life stories and careers of former NBA superstar Michael Jordan. 

According to the announcement today, the first set of NFTs is expected to be rolled out to the market in the second quarter of 2022 and will include a selection of rare, momentous, and original images of the NBA superstar, including his personal thoughts taken down moments before the photoshoot. 

Growing Use Cases for NFTs

Following the inception of NFTs, the technology has received widespread adoption, especially among players in the entertainment and sports industry. 

Popular celebrities like Snoop Dogg, LeBron James, Paris Hilton, Madonna, and Neymar Jr. have all delved into different NFT sectors, suggesting that there is no limitation to the application of the nascent asset class. 

Ripple’s Commitment to Fostering Adoption 

With the growing adoption of non-fungible tokens, Ripple also ventured into the space to make things easier for developers looking to launch their NFTs or get fully immersed in the metaverse. 

Ripple, which launched a $250 million Creator Fund to support non-fungible tokens developers looking to build on the XRPL, recently released the list of the first beneficiaries of the funding. 

Aside from the Creator Fund launched by Ripple, the blockchain company has continued to lure NFT developers to build on XRPL because of the numerous opportunities hosted on the technology. 

With Ripple’s XRPL, NFT creators can take advantage of the technology’s speed, low-cost transaction, sustainability, and simplicity. 

Meanwhile, last month, Ripple awarded a $100,000 grant to Feeturre music marketplace in a bid to enable the project to develop non-fungible tokens on XRPL. 

Dogecoin (DOGE) Spikes 4.5% After Its Mascot Featured at Tesla’s Gigafactory Launch 

Lele Jima
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Dogecoin (DOGE) Spikes 4.5% After Its Mascot Featured at Tesla’s Gigafactory Launch 

Dogecoin’s value rises after its Tesla drone display.


 

Popular memcoin Dogecoin (DOGE) saw its price surge after a dog mascot made a surprise attendance at the launch of a new manufacturing plant for American electric car company Tesla. 

The Dogecoin Shiba Inu dog mascot was featured in a drone display at the event for the launch of the Texas Gigafactory called Cyber Rodeo. 

 

DOGE Up 4.5%

Moments after the Dogecoin mascot surprisingly appeared at Tesla’s drone display, the price of the token recorded a slight surge, putting a smile on the faces of DOGE holders. 

According to data on Coingecko, Dogecoin is up 4.5% in the last 24 hours after the surprise feature of the memecoin mascot. The cryptocurrency, which traded at a low of $0.141 yesterday, spiked to a high of above $0.151. 

DOGE is currently changing hands around $0.150 moments after the event at the time of writing. 

Musk Bullish on DOGE

Dogecoin’s mascot feature in Tesla’s Cyber Rodeo may not come as a surprise to many because the owner of the American electric car company, Elon Musk, has always been bullish about the memecoin. 

The Tesla boss on several occasions has promoted the token on his Twitter handle, causing the asset class’ value to increase. 

Musk also went a step forward in his support for DOGE by enabling Dogecoin payments for the purchase of Tesla cars. 

Texas Man Slammed With Nearly Four-Year Jail Term for Bitcoin Money Laundering Charges

Mark Brennan
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Texas Man Slammed With Nearly Four-Year Jail Term for Bitcoin Money Laundering Charges

The United States Department of Justice (DoJ) has sentenced a Texas man for his role in a cryptocurrency money laundering conspiracy. 



According to a press release, the convict named Deependra Bhusal, 46, who pleaded guilty last year to the charges filed against him, has been slammed with a 46-month jail term. 

Bhusal’s Crime and Role

Bhusal was directly involved in a long-term money laundering scheme, which helped criminals launder their ill-gotten proceeds from multiple scam operations. 

Per court documents, Bhusal was responsible for the opening of bank accounts and mailboxes that were used to transact unsuspecting victims’ funds. The press release notes that the transactions that took place on multiple occasions were conducted in amounts less than $10,000. 

Bhusal and his gang kept the transactions below $10,000 in a bid to hide the nature and source of the funds from the authorities. 

The criminal proceeds, according to court documents, are mostly converted to cryptocurrencies and transferred to foreign wallets owned and controlled by Bhusal’s co-conspirators based offshore. 

“In August 2020, Bhusal and his co-conspirators traveled to Longview, Texas, where they attempted to exchange approximately $450,000 in criminal proceeds for Bitcoin,” the DoJ stated in the report. 

Aside from Bitcoin, the press release did not state what other cryptocurrency was used by Bhusal and his co-conspirators mostly adopted to launder the criminal proceeds. 

The DoJ noted that Bhusal personally laundered the sum of $1,437,358.99. 

Other Co-Conspirators Face More Serious Sentences

Following thorough investigations, Bhusal’s co-conspirators such as Lois Boyd and Manik Mehtani were indicted by a grand jury and subsequently charged with violating the Travel Act and perpetrating money laundering. 

Notably, if the co-conspirators are found guilty, they could be slammed with as much as 20 years of jail term. 

Criminals Adopting Cryptocurrencies 

It is no longer news that malefactors have been cashing out their illicit gains using cryptocurrencies because they believe the nascent asset class keeps them anonymous. 

However, cryptocurrencies have in recent times proven to be not as anonymous as these bad actors may think following the clampdown on illicit crypto activities.

Crypto-related firms have worked closely with different government agencies to stop the continuous use of cryptocurrencies in illicit activities. 

These collaborations have yielded positive results as authorities continue to seize illicit funds. A few days ago, Miami Feds announced it had confiscated 700 Bitcoin worth $34 million from a bad actor, in what is considered one of the largest seizures in America.  

Top Whales Buy 997 Ethereum and 123 BTCB

Zabi
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Top Whales Buy 997 Ethereum and 123 BTCB

Top BNB Whales Gobble Up $9.56 Million Worth of Ethereum (ETH) and $11.91 Million Worth of Bitcoin BEP2 (BTCB) Within Last 24 Hours.

Two world’s largest Binance Smart Chain (BNB) whales gobble up millions of dollars worth of Ethereum (ETH) and Bitcoin BEP2 (BTCB) within the period of the last 24 hours.

According to whale-surveying robot WhaleStats, the 799th largest BNB whale named “HumpbackWhale0961” splurged just over $3,171,825 (3.17M) on 997 Ethereum and $5,396,082 (5.39M) on 123 BTCB.

The whale is reported to accumulate all 997 Ethereum in one massive transaction.

Following Ethereum’s accumulation, the whale further made two separate transactions and acquired over .39 million worth of BTCB. In the first transaction, she bought 24 BTCB, worth over .069 million. After a while, she made another transaction and added over .32 million more of BTCB to her portfolio.

WhaleStats also found that the 618th ranked largest BNB whale on the planet, known as Aru, hauled in 2,000 ETH worth $6,390,780 ($6.39M) and 150 BTCB, worth $6,517,100 ($6.51M) at time of writing.

The whale is reported to make two separate transactions at the same time and acquired 2,000 ETH and 100 BTCB, respectively.

After 7 hours, the whale again becomes active and gobbles up another chunk of 50 BTCB in one transaction.

In this way, two world’s largest Binance Smart Chain (BNB) whales gobble up the total of 2,997 ETH, worth $9,562,605 ($9.56M), and 273 BTCB, worth $11,913,182 ($11.91M) within the period of last 24 hours.

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