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Ripple Partner Flutterwave Becomes a Payment Service Provider for SMEs in Tanzania

Albert Brown
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Ripple Partner Flutterwave Becomes a Payment Service Provider for SMEs in Tanzania

Ripple Partner Flutterwave Becomes a Payment Service Provider for SMEs in Tanzania.



Fintech company Flutterwave, which tapped Ripple’s payment solution RippleNet for cross-border settlements, has announced its expansion to Tanzania following approval from the country’s apex bank. 

Flutterwave noted in a recent announcement that it got the necessary regulatory approval from the Bank of Tanzania (BoT) to function as a payment service provider in the East African nation. 

“We’re excited to be bringing our products to great businesses and individuals in Tanzania after the Bank of Tanzania approved our license as a payment service provider,” Flutterwave said in a statement.  

Flutterwave Partners Traditional Payment Firms

Following Flutterwave’s approval as a payment service provider in Tanzania, the company said it will dedicate its products and services to supporting Tanzanian SMEs, thus mitigating the infrastructural complexity these businesses endure using traditional financial institutions. 

While Flutterwave could become a major competitor to traditional payment institutions in the country, the firm noted that its belief in collaborating with industry players has prompted its partnerships within Tanzanian’s mobile and banking sectors. 

Notably, Flutterwave’s partnership with these institutions will foster seamless and fast payments for all Tanzanians. 

According to Flutterwave, the benefits of offering its products and services to Tanzanian SMEs are endless, ranging from offering these companies the platform to promote their businesses online via the Flutterwave Store, to providing fast, secure, and simple payment solutions.    

The move, according to Flutterwave, is part of efforts to expand the company’s presence across various markets on the African continent, as disclosed in the recently concluded Flutterwave 3.0 event. 

Flutterwave Using RippleNet Since 2018 

It is worth noting that Flutterwave is one of the financial institutions using Ripple’s RippleNet for cross-border settlements. 

The company, which joined Ripple’s payment solution in 2018, has processed over 140 million transactions worth more than $9 billion from clients such as Uber, Booking.com, Facebook, and Flywire. 

Meanwhile, RippleNet has been adopted by various global financial institutions for cross-border payments. 

Several financial institutions like Tranglo, Novatti, Mobile Money, and Al Ansari Exchange have all adopted Ripple’s payment solution to enhance their offerings. 

Decoding Latest Shiba Inu Official Teaser: Uber, Lyft, Or Shib Lands, What To Expect?

Zabi
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Decoding Latest Shiba Inu Official Teaser: Uber, Lyft, Or Shib Lands, What To Expect?

Here’s What You Should Know about the Shiba Inu Tem Teaser.



Tomorrow, i.e., on 30th March 2022, Shiba Inu (SHIB) is expected to open its second special surprise for 2022 in front of its followers and holders.

The SHIB token’s official Twitter handle has recently published a tweet with the puzzle for Shiba Inu Community.

“ShibArmy, See, the world is full of things more powerful than us. But if you know how to catch a ride, you can go places. Stay tuned for March 30th. Woof!”

Following the tweet, many comments pour in from Shiba Inu Community. Everybody is trying to solve the puzzle in their way.

However, most of the Shiba Inu Community took the phrase “how to catch a ride” as the major hint for the upcoming announcement and believed the phrase “how to catch a ride” is hinting toward some major partnership with Uber or any Car booking service that may accept the Shiba Inu token as a form of payment method.

The SHIB community is also guessing the SHIB Partnership with a few other companies like Lyft, Airbnb, and other traveling-related companies.

While the community is decoding the SHIB team tweet, Former SHIB Growth Breed Member, Gossip SHIB, and current SHIB Growth Breed Member, MILKSHAKE has already decoded the suspense in their recently posted tweets.

According to Gossip SHIB, Shiba Metaverse (Codename: Shiberse) might probably unveil the real name for “Shiberse” tomorrow i.e., March 30th, along with complete information on Shiba Lands. MILKSHAKE also hinted toward the upcoming “Very Special Medium Drop” in her tweet.

The medium will become special when it contains the official name release for “Shiberse,” as till now, the official name for Shiba Metaverse has not been disclosed publicly.

Formerly on 24th January 2022, Shiba Inu (SHIB) opened up its first special surprise for 2022 in front of its followers and holders. The surprise was in the form of an official declaration that it would launch its own Shiba Metaverse, i.e., Shiberse, in 2022, which will take the SHIB token to new heights.

Later on 8th February, Shiba Inu officially released its first update about Shiberse. According to the update, Shiba Inu decided to introduce virtual real estate (Shiba Lands), which was projected to become available for purchase soon. IN THAT UPDATE, the SHIB team also noted that LEASH token holders would enjoy an exclusive entry to Shiberse, i.e., they would be able to buy and get access to Shiba Lands at the very first spot.

After a few days, Watcher Guru hosted a special ShibaGuruAMA on 22nd February 2022. During that AMA Session, the team of SHIB, for the first time has, publicly unveiled the launch of a total of 99,000 plots in Shiberse.

Per the announcement, 35,000 pieces of land would first be made available in phase one for LEASH holders, while the other plots of land would be released in subsequent phases for everyone.

The team further unveiled the following details about Shiba Lands during ShibaGuruAMA:

  • The land sale would utilize a bidding system, with prices ranging between 0.2 ETH and 1 ETH.
  • The closer the property is to the dog park, the more expensive the land will be sold, Archangel commented.
  • The maximum a ‘wallet’ could purchase is 100 plots with ten by ten land.
  • To purchase lands in the Metaverse (Codename: Shiberse), one needs to pay in Ethereum. However, LEASH allows access only before bidding, but investors need to pay ETH to purchase lands.
  • Also, the team declared that 2000 lands would be exclusively reserved for the Shiba Inu NFT Holders, i.e., Shiboshis.

Tomorrow, we might have full information about Shiba Lands, and also SHIB Team might unveil the real name for its Metaverse, currently codenamed “Shiberse” for some undisclosed reasons.

Breaking: SEC Will Produce Documents to Ripple Tomorrow 

Mark Brennan
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Breaking: SEC Will Produce Documents to Ripple Tomorrow 

SEC Will Produce Documents to Ripple Tomorrow.



In yet another win for popular blockchain company Ripple, the court has granted its request for extra time to file a response to the Securities and Exchange Commission’s motion to redact certain documents. 

James K. Filan, who has been vocal about the SEC v. Ripple lawsuit, confirmed that the blockchain company received the positive news via a Text Only Order communicated to its lawyers recently. 

“The SEC is directed to produce the redacted documents for Defendants’ assessment by March 30, 2022.”

Per the directive, the SEC has been mandated to produce the redacted documents for Defendant’s assessment by tomorrow, March 30, 2022. 

In a motion filed by Ripple last week, the company noted that once it receives copies of the redacted documents, it will analyze and determine whether the SEC needs to conduct any redaction to the documents. 

With the court mandating the SEC to produce redacted documents for Ripple’s analysis, Defendant’s response is expected to be filed on or before April 4, 2022. 

The lawsuit, which has lasted for more than a year, appears to be gearing up for its end, as indicated by Ripple in a recent court filing. 

Last week, the SEC took advantage of January 13, 2022, Deliberative Process Privilege (DPP) ruling to file a motion requesting permission to redact certain portions of selected meeting notes between the agency and third parties. 

The SEC cited concerns that the portions it wants to redact highlight the author’s personal opinion instead of public guidance.

Ripple Co-Founder Launches $5 Million Campaign to Reduce Bitcoin (BTC) Energy Consumption

Mark Brennan
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Ripple Co-Founder Launches $5 Million Campaign to Reduce Bitcoin (BTC) Energy Consumption

Ripple Co-Founder Launches $5 Million Campaign to Reduce Bitcoin (BTC) Energy Consumption.


 

Following the widespread scrutiny of Bitcoin mining operations on the global climate, Ripple’s co-founder Chris Larsen has committed $5 million to run a new campaign that will change the method of producing new BTC. 

Bloomberg reports today that Larsen will collaborate with climate activist Greenspace, in order to run a new campaign dubbed “Change the Code, Not the Climate.” 

Larsen said:

“If I was concerned about Bitcoin as a competitor, probably the best thing I could do is let it continue on this path,” Larsen said. “This is just an unsustainable path.”

Change from PoW to PoS:

The new initiative is designed to pressure the Bitcoin community, especially developers, to alter the way the network processes transactions using less energy, which Larsen believes can be done via a soft or hard fork. 

“Bitcoin’s power consumption issue could be fixed via a soft or a hard fork — both changing the network’s code to make Bitcoin less power-hungry.”

Notably, Bitcoin developers can also choose to transition the network from a Proof-of-Work (PoW) model to a Proof-of-Stake (PoS) consensus. 

Per the report, the funds provided by Larsen will be used to buy ad spaces across leading media outlets globally and will commence publication by next month. 

Aside from the ad publication on media outlets, other climate activist groups are also collaborating on the initiative as they have begun mobilizing their members to embark on more intense grassroots efforts. 

Cryptocurrency mining has received widespread scrutiny over the years because of the massive energy required to conduct the activity. 

The scrutiny has prompted the world’s second-largest cryptocurrency Ethereum (ETH), which was originally built on the PoW algorithm, to launch significant efforts toward transitioning to a PoS model. 

Speaking in a Bloomberg interview, Larsen said: 

“Now with Ethereum changing, Bitcoin really is the outlier. Some of the newer protocols — Solana, Cardano — are built on low energy.” 

Larsen, who owns both Bitcoin and Ethereum, noted that he wants to see both cryptocurrencies succeed. 

Bitcoin Mining Comes Under Attack:

In recent times, Bitcoin mining operations are being clamped down on by authorities who once provided shelter for the activity. 

The operation, which usually receives a friendly welcome to cities at its initial stage, is usually clamped down on by the authorities, due to its massive energy consumption. 

At the moment, researchers argue that Bitcoin mining operations globally consume as much energy as Sweden, with many campaigns launched by concerned groups across various parts of the world targeted to drive Bitcoin miners out of their cities. 

China took stringent measures to end crypto-related activities last year, clamping down on Bitcoin miners who have continued to create a negative environmental impact in the country. 

 

303M Shib Destroyed In 24 Hours, Here’s How Shiba Inu Burn Rate Skyrocketed 3043% Over the Last Day

Zabi
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303M Shib Destroyed In 24 Hours, Here’s How Shiba Inu Burn Rate Skyrocketed 3043% Over the Last Day

Shiba Burning is not slowing down.



The burn rate of Shiba Inu (SHIB) tokens skyrocketed as over 303.68 million Shiba Inu (SHIB) tokens have been destroyed by community-led initiatives within the past 24 hours.

Shibburn.com recently revealed via a tweet that it had tracked five transactions towards a dead wallet during the past 24 hours. Through these transactions, 303,686,273 (303.68M) Shiba Inu tokens have been taken out of circulation forever.

As per data provided by Shibburn.com, the burn rate is showing an increase of a whopping 3043.73% over the last day, when only 7,703,474 (7.70M) tokens were reported be destroyed.

Two massive transactions were tracked towards a dead wallet responsible for a surge in burn rate. These transactions were carried out with a gap of almost 9 hours.

In the first transaction, 290,590,004 (290.59M) SHIB were reported to be transferred to the dead wallet, while in another transaction, 10,000,000 (10.0M) tokens were taken out of circulation.

However, both of these transactions are mysterious as nobody has come up to claim these burns yet.

Impact on SHIB Price:

SHIB price manages to reclaim a 15 billion USD market cap and is currently trading at $0.00002791, up 7% over the last day. At the same time, the 24-hour trading volume for dog-themed cryptocurrency also skyrockets over 239% to $3,757,221,328 ($3.75B) compared to the previous day.

Dubai School Will Accept Tuition Fees Payment in Bitcoin (BTC) and Ethereum (ETH) 

Lele Jima
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Dubai School Will Accept Tuition Fees Payment in Bitcoin (BTC) and Ethereum (ETH) 

Dubai School Will Accept Tuition Fees Payment in Bitcoin and Ethereum.



Following the growing adoption of cryptocurrencies across various parts of the world, a new school in Dubai has disclosed plans to accept the nascent asset class as a mode of payment for tuition fees. 

Local news outlet Zawya reports recently that the new educational institution named Citizens School, which is set to commence operations in September 2022, has announced that parents and guardians can pay tuition fees for their wards in Bitcoin (BTC) as well as Ethereum (ETH). 

Notably, the move is the first of its kind in the whole of the Middle East that intends to provide parents with the ability to make school payments using digital currencies. 

Citizens Schools, which wants to use the initiative to develop flexible payment options for parents, said it would partner with a cryptocurrency payment company that will help convert all bitcoin and Ethereum payments to Dirhams. 

Growing Crypto Adoption Prompts Move

Dr. Adil Alzarooni, Founder of Citizens School, said that years back, cryptocurrencies did not gather much popularity as the asset class was only floating among a few enlightened investors. 

The school’s founder noted that cryptocurrencies have gone mainstream and are being adopted in different sectors, thus shaping the traditional financial space, adding:   

“Similarly, Citizens is disrupting the education sector by re-imagining every element of the learning experience – be it the way our children learn, how we equip our teachers to be mentors, what our learners choose to wear, or the ways that parents can pay for tuition.” 

More Crypto Exposure to Young People

According to Alzarooni, introducing cryptocurrencies in tuition fee payments will grant young generations the needed exposure to the asset class and improve their role in achieving the UAE’s digital economy vision. 

“As more people embrace the era of digitalization, today’s children will become the entrepreneurs and investors of tomorrow,” Alzarooni added. 

Elon Musk Wants to Launch a Social Media Platform That Uses Dogecoin (DOGE) 

Mark Brennan
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Elon Musk Wants to Launch a Social Media Platform That Uses Dogecoin (DOGE) 

Bitcoin Proponent Elon Musk Wants to Launch a Social Media Platform That Uses Dogecoin (DOGE).



Elon Musk, CEO and founder of American electric car company Tesla, has disclosed that he plans to start his own social network that would support the dog-themed cryptocurrency Dogecoin (DOGE).  

Independent writes, Musk, a major cryptocurrency proponent, made this known after creating a poll on Twitter asking his followers to vote on whether the popular microblogging platform supports the principle of free speech. 

The CEO of Tesla requested that his more than 79 million followers take the poll seriously, as he added that the consequence of the poll would be imperative. 

A total of two million respondents participated in the Twitter poll, with 70% of the users choosing “NO” as the answer to Musk’s questions. 

Following the result, Musk tweeted again, seeking a response from his followers by asking: 

“Given that Twitter serves as the de facto public town square failing to adhere to free speech principles fundamentally undermines democracy. What should be done?” 

Based on Musk’s question, a user replied that the Dogecoin enthusiast should develop a new social media platform that would feature an open-source algorithm, where free speech will be permitted as a top priority and propaganda reduced to its lowest level. 

“one that would consist of an open-source algorithm, one where free speech and adhering to free speech is given top priority, one where propaganda is very minimal,”

to which Mr. Musk replied, I Am giving serious thought to this.”

Musk, who seems to have bought into the initiative, noted that if he creates a new social media network, the platform will have a tipping jar feature that includes Dogecoin.

Independent writes:

“Elon added that any new platform would include a digital tip jar that would support the meme-inspired cryptocurrency dogecoin.”

Number of Ethereum Whales Holding 10K+ ETH Grows Significantly, Reaching 2022 High Levels

Lele Jima
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0
Number of Ethereum Whales Holding 10K+ ETH Grows Significantly, Reaching 2022 High Levels

The number of Ethereum Whales Grows Significantly.



The adoption of the world’s second-largest cryptocurrency by market capitalization Ethereum (ETH) has been on a roller coaster this year. There seems to be a growing interest among crypto traders. 

Cryptocurrency traders took advantage of the previous market dip to rack up more Ethereum holdings, with many addresses currently enjoying a massive price surge. 

Addresses Holding At Least 10,000 ETH Surge

There has been an increase in Ethereum holdings at all levels, with the most recent accumulation spree observed among addresses holding at least 10,000 ETH and above. 

According to data on Santiment, Ethereum addresses holding a minimum of 10,000 ETH and above have surged to their highest level since December 2021, a month after the cryptocurrency hit an all-time high (ATH) of $4,878. 

Addresses within this category have reached a high of 1,329 addresses since December 2021, with 40 of these addresses added in just five weeks, Santiment reported. The data analysis further says that Ethereum wallets holding a minimum of 10,000 ETH worth above $3.9M at the moment have reached 2022 high levels.

Although the growing number of Ethereum whale addresses does not represent the total number of large ETH holders, the development goes to show the increased adoption of the cryptocurrency, which was launched in 2015. 

Santiment noted in a Twitter post today, saying: 

“There has been an evident correlation between the number of whale addresses & future price movement.” 

Whales Bought More ETH at Lower Prices

Like most cryptocurrencies, Ethereum suffered a terrible start to the year, following some unfavorable economic developments that occurred in the early stages of 2022. 

Ethereum, which started the year at around $3,700 saw its value decline by a large margin and fall below $3,000 on several occasions. 

ETH’s lowest for the year was recorded on January 24, 2022, when it dipped below $2,300. While small cryptocurrency traders were scared to take on more risk by increasing their Ethereum holdings, whale traders saw a decrease in price as an opportunity to boost their stake in the second-largest coin. 

Evidently, things are going in the favor of traders who ramped up more ETH during lower prices. 

At press time, ETH is trading around $3,370 across crypto trading platforms, following a surge of 6.6% in the last 24 hours. 

Bloomberg Senior Commodity Strategist Says Bitcoin is Showing Divergent Strength

Mark Brennan
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Bloomberg Senior Commodity Strategist Says Bitcoin is Showing Divergent Strength

Bitcoin (BTC) has been considered one of the riskiest financial assets due to its massive price fluctuations over the years. 


The world’s largest cryptocurrency, which peaked at an all-time high (ATH) of $69,047 in late 2021, has seen its value dip below $33,000 this year due to rising inflation and the ongoing armed conflict between Russia and Ukraine. 

Interestingly, despite the unfavorable global economic events, including the ongoing Russian invasion and rising inflation, Bitcoin has responded positively and has shown “divergent strength” in recent weeks. 

It is worth noting that the largest cryptocurrency is currently trading around $47,253 on major spot exchanges, representing a 6.2% surge in the last 24 hours. 

Bitcoin “Taking Risk-Off”?

Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, pointed to a tweet today quizzing his followers with a rhetorical question about whether Bitcoin is “taking the risk-off baton,” an investment setting whereby price behavior is determined by investors risk tolerance for high-risk assets like BTC. 

For the Bloomberg financial analyst, despite the resilience the asset class has shown over the past few weeks compared to other financial instruments, especially during the rising inflation and ongoing Russian invasion of Ukraine, critics seem to be more focused on how BTC will perform by year-end. 

“Bitcoin Taking Risk-Off Baton? 1Q may be just another blip in the trend of rising risk assets amid the highest inflation in 40 years and war in Europe, yet our bias is that the 2022 endgame isn’t likely to be that easy,” McGlone tweeted. 

 

Regardless of traditional investors’ bias toward Bitcoin, McGlone maintained that the world’s largest cryptocurrency has continued to show divergent strength against the Nasdaq Index. 

McGlone Standing Up for Bitcoin 

McGlone has always been vocal about his opinion on Bitcoin and has taken to Twitter to air his views despite the fact that these takes could be hurting some traditional financial investors. 

Last year, the Bloomberg analyst predicted that Bitcoin would hit $100,000 by the end of 2021. However, the world’s largest cryptocurrency only managed to slightly surpass $69,000 at the time. 

Earlier this month, McGlone urged investors of popular yellow metal gold to include Bitcoin in their portfolio in order to avoid suffering huge losses in the future. 

 

Breaking: Cardano (ADA) Ranks 4th in Global Staking Value

Albert Brown
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Breaking: Cardano (ADA) Ranks 4th in Global Staking Value

With Coinbase, the publicly-traded cryptocurrency exchange, offering staking for Cardano (ADA), the staking value for the seventh-largest coin by market capitalization has surged tremendously.  


According to data compiled by Cardano Daily from Staking Rewards, a leading data provider for staking and crypto growth pools, Cardano is now ranked as the fourth-largest in staking value among the popular layer-1 blockchains. 

“ADA @CardanoStiftung ranks 4th by Staking Value among popular layer1 blockchains. Nearly 3/4 ADA coins are being locked. As numbers can’t lie, we see a strong belief for Cardano ,” Cardano Daily tweeted. 

 

Cardano Close to Overtaking Terra & Ethereum

Over the last 24 hours, the staked value of Cardano surged by 4.42%, which is mostly as a result of a slight increase of 3.2% in the price of ADA in the past day. 

Following the development, Cardano is closing in on Terra and Ethereum, sitting in the third and fourth positions, respectively. 

Ethereum has a staked value of $31.3 billion while Terra has a staking valuation of $29.7 billion 

Per the data, Cardano has a staking value of nearly $29 billion at press time, representing 71.73% of eligible ADA that can be staked.

Several Events Fuel ADA Staking Value

The development shows an increase in users’ interest in Cardano, a project that has continued to achieve significant milestones in recent times. 

In addition, the staking data provider platform puts the estimated rewards users will earn annually, staking their ADA coins at 5.04%, which is ahead of Ethereum’s 4.8%. 

Several developments have contributed to ADA’s dominance in staking valuation. 

Aside from a spike in its price, cryptocurrency exchange Coinbase, toward the end of last week, introduced ADA staking on its platform, with an annual return of 3.75% to be distributed every five and seven days. 

Furthermore, Grayscale Investments also exposed the vast majority of its institutional clients to ADA by launching a smart contract platform fund for the cryptocurrency. 

These developments pushed the volume of Cardano staked by over 70% in one day, with many retail and institutional clients eager to benefit from ADA staking. 

 

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