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Limewire Goes For Algorand Blockchain for Its NFTs Relaunch

Mark Brennan
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Limewire Goes For Algorand Blockchain for Its NFTs Relaunch

Limewire Goes For Algorand Blockchain for Its NFT Relaunch.



On Monday, March 14, Limewire announced that it is relaunching its digital collectible marketplace soon. The announcement stated that the digital collectible platform that is commencing with music collectibles chose the Algorand blockchain due to its energy-efficient network.

Algorand has become the blockchain of choice for builders interested in speed, efficiency, and low environmental impact. This is mainly because the platform is one of the most prominent carbon-negative blockchains in the industry.

Limewire, in the release, also stated that it is poised to release its token later this year. The company is relaunching its music-centered NFT on the platform where users can gain access to buy, sell and trade these works of art and others. The company emphasizes making access to collectibles less tedious, unlike what is obtainable on other NFT marketplaces.

AN Easy-To-Use Minting Marketplace

Its community-accessible platform is designed to enable collective participation through a governance structure that empowers holders of the token through voting rights. Another feature of the platform is the minting ease which eliminates the technical hurdles involved in developing non-fungible tokens.

The release stated that with the collaboration with Algorand and future partnerships planned in the coming months, Limewire is poised to onboard millions of users down the line.

According to the update:

“Music fans and collectors will be able to buy and trade a variety of music-related assets, such as limited editions, pre-release music, unreleased demos, graphical artwork, exclusive live versions, as well as digital merchandise and backstage content.”

The simplicity of the Limewire platform gives it an edge that the company believes will make onboarding easy for users. Paul Zehetmayr, the company’s CEO, said that the entry barrier difficulty inhibiting newbies is what Limewire seeks to help people surmount.

Cardano – Acardex Begins ACX Token Distribution to Seed Sale Participants

Mark Brennan
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Cardano – Acardex Begins ACX Token Distribution to Seed Sale Participants

Acardex Begins ACX Token Distribution.



The Acardex team expressed its utmost joy as the project records a massive success in the going $ACX token seed sale. This seed sale is scheduled to end on the 1st of April, with a few tokens remaining to round up the sale, it’s very likely that Acardex project would achieve its hard cap in a few days which would unanimously end the sale. We commend our community for their unending trust and holding onto us.

As part of our advanced functionalities and user-friendly protocol, ACX token distribution is an automated exercise. Once a participant makes a purchase using ADA, ACX token will be sent directly to the receiving ADA wallet address.

Acardex Ecosystem

Acardex allows users to become a liquidity provider on the Cardano Blockchain via AMM protocol and earn passive income by collecting fees on “ADA — Cardano Native Tokens pairs” when users join liquidity pools. Acardex team of developers is also working on native assets lending protocol, the mechanism will ensure that the users can access loans and pool assets that can be used for several DE-Fi apps.

 

ACX Token Seed-Sale Details

1 ACX = 0.00125 ADA

1 ADA = 800 ACX

Minimum Buy: 300 ADA

Maximum Buy: 30,000 ADA

To participate in the On Going $ACX Seed-Sale, users should only use Cardano native wallets like Yoroi Wallet, Daedalus Wallet, Nami Wallet, or Adalite Wallet.

A comprehensive guide will be made available on how to participate in the ACX Seed-Sale

Remember, users can only participate in the Seed-Sale via our website: https://acardex.io/seed-sale.html

Ask your questions through the Social media handle if you are confused about anything.

For More Info You Can Visit:

Telegram: https://t.me/acardexcommunity

Twitter: https://twitter.com/_acardex

Medium: https://medium.com/@acardex

Company Contact:

Website: https://acardex.io/

Contact Name: Acardex

Contact Email: Support@acardex.io

Should Cardano Burn Part of Its Total Supply To Boost Its Value?

Mark Brennan
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0
Should Cardano Burn Part of Its Total Supply To Boost Its Value?

Should Cardano Start Burning Coins.



There have been several debates across social media platforms about whether it is best to introduce a burn mechanism for Cardano (ADA) in a bid to boost its value. 

Enthusiasts Join the Debate 

On the one hand, many traders believe adding a burn mechanism could be beneficial to current Cardano holders as the initiative will ultimately boost ADA prices, while other enthusiasts of the project expressed fear over the long-term implications of ADA burning. 

As widely discussed on a Twitter thread originally created by Cardano enthusiast @flantoshi, some users are of the opinion that Cardano developers should add a code that would burn a portion of the fees paid on the network. 

These fees, which are paid in ADA, will burn off the total supply of Cardano. Current holders will be on the receiving end of the benefits of the burning exercise, as their holding value will record a sensational increase. 

Commenting against this assertion are ADA holders who think integrating burns into the original Cardano protocols could disincentivize people from using the network. 

“If people are actively disincentive from using a network due to deflationary pressures, hype eventually dies as nothing happens on the blockchain,” a freelance journalist said. 

People argued further that developers could be forced to migrate to other networks with a huge community in a bid to see their applications used by a large number of enthusiasts. 

Why Calls to Add Burns to Cardano

Understandably, investors’ call to integrate burn codes to the ADA token is a result of the underperformance of the cryptocurrency since it peaked at an all-time high of $3.09 in September 2021. 

Since its peak, ADA is down 74.5% and is trading around $0.789. Recall that Cardano started the year around $1.3 and has fallen nearly 40% from that value amid the ongoing Russian invasion of Ukraine. 

It is worth noting that Cardano has a max supply of 45 billion coins and many enthusiasts think the vast volume is a result of the price dip. 

Cardano plans to Lure Developers 

Meanwhile, the project developers are still looking for unique ways to increase the value of ADA by luring developers into building on the network. 

A good number of decentralized applications are in development and are planning to launch on Cardano. 

 

WWE Launching New NFT Platform, Moonsault

Mark Brennan
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WWE Launching New NFT Platform, Moonsault

WWE launching its NFT Platform.



WWE is about to take a giant move. No, they are not adding a fourth hour to WWE Raw. WWE is launching its own NFT platform, Moonsault.

WWE is partnering with Blockchain Creative Labs, the NFT division of Fox Entertainment, for Moonsault, which will launch shortly before WrestleMania. WWE is planning to launch the NFT platform before WrestleMania 38 Between April 2nd and 3rd.

WWE Writes:

“This past Sunday at SXSW 2022 in Austin, Texas at the Blockchain Creative Labs’ House, WWE Chief Brand Officer Stephanie McMahon announced the name of WWE’s new NFT platform, WWE Moonsault. 

Fans can now go to the WWE Moonsault website, wwemoonsault.com, and sign up to receive additional details.

WWE is planning to officially launch WWE Moonsault prior to WrestleMania 38, taking place just down the road from SXSW in Dallas on April 2 and 3 at AT&T Stadium.”

Non-fungible tokens often referred to as NFTs, are blockchain-based tokens that each represent a unique asset like a piece of art, digital content, or media. An NFT can be thought of as an irrevocable digital certificate of ownership and authenticity for a given asset, whether digital or physical.

Crypto Related Stocks Underperforming, Is Bitcoin Next?

Mark Brennan
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0
Crypto Related Stocks Underperforming, Is Bitcoin Next?

Peter Schiff Shades Crypto Stocks Underperformance, Says Bitcoin (BTC) is Next.


 

Famous Bitcoin critic Peter Schiff has made another attack on cryptocurrency-related investments. 

Mr. Schiff took to Twitter to mock the underperformance of cryptocurrency meme stocks, such as GameStop Corp and AMC Entertainment. 

“In case you haven’t noticed, the meme stocks are crashing. #GameStop is down another 15% today, trading below $79 per share. That’s down over 83% from last year’s high. #AMC is down 5.5% today, over 80% off its 2021 high,” Schiff tweeted today.

The cryptocurrency critic further warned Bitcoin traders to exercise caution, as the cryptocurrency could be the next asset class to record a massive loss in value. 

“#Bitcoin HODLers pay attention. You’re the next bagholders,” Schiff said. 

 

Schiff Applauds the NASDAQ

Interestingly, Schiff made another tweet where he seemed to be applauding the performance of NASDAQ. 

Comparing the performance of crypto-related stocks with that of NASDAQ, Schiff said the latter has proven to be an asset of value. It has surged 45% since January 2020 despite numerous challenges like the coronavirus pandemic, heightened geopolitical risk, and high inflation rate. 

He concluded the tweet by asking his followers to explain why the NASDAQ is experiencing tremendous growth amid these challenges. 

Is Schiff Right?

While many cryptocurrency enthusiasts may be tired of the constant criticisms made by Schiff at cryptos, a closer look at the crypto-related stocks Schiff mentioned seemed to be on the back foot. 

GameStop, which became increasingly popular in the cryptocurrency space in 2020, has lost over 15% in the last 24 hours, while the stock of AMC Entertainment, the U.S.-based movie theater that accepts a number of cryptocurrencies like BTC and SHIB, is down over 5%. 

Similarly, Coinbase Global Inc stock (COIN) also suffered a loss of nearly 5% in the last 24 hours. Coinbase’s stock price hit an all-time low of $150 on March 14, and its current market cap is $33.6 billion.

On the other hand, Bitcoin has been holding firm at around $38,000 since it fell below $40,000 last week. The cryptocurrency has been up 0.5% in the previous 24 hours. However, its past price movement does not seem favorable to investors. 

On year-to-date, Bitcoin has dipped 16.1%, and it is due to a number of factors, including Russia’s invasion of Ukraine, etc. Interestingly, Bitcoin has soared 57,204% since its all-time low of $67.81, recorded on July 6, 2013. 

Schiff Criticizing Bitcoin

Despite the tremendous growth of Bitcoin, Mr. Schiff has not failed to throw shade at the asset class at any opportunity he gets. 

Earlier this year, Mr. Schiff slammed Nayib Bukele, president of El Salvador, for investing the country’s resources in the world’s largest cryptocurrency. 

President Bukele later responded to Schiff’s critics after the price of BTC rose above his original entry price. 

 

SEC Files Motion To Protect “Relevant” Documents in Its Lawsuit Against Ripple

Mark Brennan
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SEC Files Motion To Protect “Relevant” Documents in Its Lawsuit Against Ripple

SEC Files Motion To Protect “Relevant” Documents in Its Lawsuit Against Ripple.



The Securities and Exchange Commission (SEC) has filed a motion claiming that Judge Analisa Torres’ recent ruling that led to the denial of Ripple’s executive request to have their charges dropped could make some of its documents completely irrelevant. 

According to a recent motion, the SEC believes that following the recent ruling that occurred over the weekend, documents like the 2018 Hinman’s emails and the Estabrook note could be regarded as irrelevant, adding that it does not have to disclose the content of both documents. 

“The Order answers any question as to whether the SEC’s internal documents are relevant to the Individual Defendants’ scienter. They are not [irrelevant],” the SEC said in its recent motion. 

SEC Objects to Proving Defendants’ Guilt

In response to the court ruling that the SEC should prove that both Brad Garlinhouse and Chris Larsen knew about the legal status of XRP and still disregarded its consequences, the securities agency noted that it only needs to show an instance to corroborate the fact the duo knew that XRP was a security.  

Citing comments made by individual defendants seeking that the SEC must show the status of XRP as security throughout the charging period, the securities regulators said the defendants’ comments on the matter proved that they were aware of Ripple’s legal status. 

With the recent developments, the popular fintech company will be given the opportunity to file a response as this has been the procedure since the case started. 

Judge Sarah Netburn will also need to get a response from Ripple on both filings before deciding on the motion. 

SEC v. Ripple Lawsuit Hurting Investors

The SEC v. Ripple case has taken longer to be resolved than expected. While many expected the lawsuit to be over a few months after it started, the case has lingered for over a year due to a series of motions filed by both parties. 

These consistent delays have been hurting investors who have seen a large chunk of their XRP holdings value evaporate as several U.S.-based exchanges are forced to halt support for Ripple amid the lawsuit. 

Meanwhile, the case is expected to come to an end on or before November 18, 2022, with Ripple suggesting this in a new motion. 

The world is however expecting that the case could end quickly so that investors could get back experiencing a sensational run of XRP. 

 

Dogecoin Becomes Top Purchased Coin Among 100 Biggest BSC Whales

Zabi
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0
Dogecoin Becomes Top Purchased Coin Among 100 Biggest BSC Whales

Dogecoin Becomes Top Purchased Coin.


 

As per data provided by WhaleStats, Dogecoin (DOGE) becomes the top purchased token and top most used smart contract by 100 biggest BSC whales.

This comes after Elon Musk confirmed via tweet that he’s still holding Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) and has no plans to sell them.

Musk had posted a question on Twitter about his thoughts on the likely rate of inflation over the next few years.

To his tweet, Michael Saylor, the chief executive officer (CEO) of MicroStrategy Inc. and a prominent Bitcoin bull, replied: “USD consumer inflation will continue near all-time highs, and asset inflation will run at double the rate of consumer inflation. Weaker currencies will collapse, and the flight of capital from cash, debt, & value stocks to scarce property like Bitcoin will intensify.”

To which, Musk responded, “It is not entirely unpredictable that you would reach that conclusion.” “As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products than dollars when inflation is high. I still own & won’t sell my Bitcoin, Ethereum, or Doge FWIW,” Elon Musk tweeted.

Following this conversation, Dogecoin rose 3.9% to $0.11, before falling 1.2% in early morning trading. At the time of writing, Dogecoin is trading at the price of $0.1125, down -1.52% for the day, with a 24-hour trading volume of $490,300,507.

Looking deep into the WhaleStats data, we found that Dogecoin is currently the 6th biggest holding among the top 100 BSC wallets and they are holding a $32,435,546 USD value of DOGE.

742 Million Shiba Inu Burnt In 24 Hours, Burn Rate Up 6793%

Zabi
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0
742 Million Shiba Inu Burnt In 24 Hours, Burn Rate Up 6793%

The Shiba Inu community has destroyed over 742 million Shiba Inu (SHIB) tokens during the last 24 hours.



Shiburn.com recently reported that a total of 10 transactions were noticed towards dead wallets, and 742,702,200 (742.7) Shiba Inu tokens have been taken out of circulation within the last 24 hours. This sends the token burn rate to the moon, i.e., up 6793.39% compared to the previous day.

The two unofficial SHIB tokens named ETH SHIB, and 1CENT have officially acclaimed the burn of over 727 million meme tokens.

ETH SHIB, via its official tweet, acclaimed that they have completed their first SHIB BURN EVENT by sending 400,068,259 (400M) SHIB tokens to the dead wallet.

 

On the other side, 1CENT acclaimed the burning of 327,564,569 (327M) tokens via tweet and shared the link of transactions they have made towards the dead wallet.

ETH SHIBA and 1CENT have no official relation with Shiba Inu and are just 5 to 6 days old projects. They seem to take advantage of the already popular Shib coin. They know the SHIB Community’s power and consider that SHIB Community wants an aggressive burn. Therefore, these new tokens show their solidarity with the Shiba Inu Community for marketing purposes and claim that 1% of all buy-side transaction fees will burn SHIB.

Both the tokens mentioned above are 5 to 6 days old; therefore, readers or investors should be cautious and do their research before investing in these types of newly developed tokens.

Elon Musk Challenges Putin In One On One Fight, Saying Whoever Wins Gets Ukraine

Mark Brennan
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0
Elon Musk Challenges Putin In One On One Fight, Saying Whoever Wins Gets Ukraine

As the war between Ukraine and Russia intensifies, Elon is looking for a direct physical fight with Russian president Putin.



Elon Musk is doing what every serious man in his position should not do. Elon Musk challenged Putin to a one-on-one fight, whoever wins gets Ukraine.

 

As well as being another sick joke with a conflict where people are dying, Musk is also shown to be overconfident that he once “knocked down a sumo wrestler.”

“Yeah, I did manage to throw the world champion sumo wrestler, but at the cost of smashing a disc in my neck that caused me insane back pain for seven years!”

 

On the other hand, Putin is a black belt in Tae-kwon-do and trained in Judo, Sambo, and Kyokushin and a former KGB agent.

However, the problem is not in Musk thinking he would beat Putin in a fight. This brings up a situation that many criticize the CEO of Tesla, who has a lot of money time to stay on Twitter, in the age of memes, which makes him end up talking a lot of nonsense, especially at a delicate moment.

Interestingly, the challenge was accepted by the equally active on Twitter, the former deputy prime minister of Russia, Dmitry Rogozin, quoting, “It would just be a waste of time; you first need to be better than my brother.”

Despite claiming it’s no joke, Musk is just having fun with his internet followers, even though many people take him seriously.

 

Crypto.com Adds Shiba Inu Token to Its DeFi Wallet Enabling Users To Earn Interest On Shib Holdings

Zabi
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0
Crypto.com Adds Shiba Inu Token to Its DeFi Wallet Enabling Users To Earn Interest On Shib Holdings

Crypto.com Adds Shiba Inu Token to DeFi Wallet Along With 6 Other Cryptocurrencies.



Crypto.com, a payment and cryptocurrency platform that empowers users to buy, sell, and pay with crypto, has added Shiba Inu (SHIB) token to its DeFi wallet along with six other cryptocurrencies, including Aave (AAVE), Binance USD (BUSD), Dai (DAI), Klima DAO (KLIMA), Chainlink (LINK), and Terra (LUNA).

DeFi wallet is a non-custodial wallet that gives users access to a full suite of DeFi services in one place. This wallet enables Crypto.com users to easily manage 100+ coins, including BTC, ETH, CRO, ATOM, DOT, LTC, and other ERC20 tokens.

Crypto.com defi wallet users can earn interest on 35+ tokens with Yearn Earn V2, Compound, Aave, Crypto.org Chain Staking, and Cosmos Staking with No lock-up term and great returns. Readers should note that Crypto.com DeFi Wallet listings are separated from Crypto.com App and Exchange Listings.

Previous year on May 9th, 2021, Crypto.com declared the listing of the Shiba Inu token to its App, which has enabled users to purchase SHIB with USD, EUR, GBP, and 20+ fiat currencies, along with spending it at over 60M merchants globally using the Crypto.com Visa Card.

Crypto.com is one of the leading exchanges that currently support more than 250 currencies for spot trading, with a subset supported for staking. The exchange serves over 10 million customers worldwide residing in 90 countries with a unique suite of cryptocurrency-related financial products. Crypto.com is considered one of the best platforms for active traders, especially those who want to use crypto as an actual currency rather than buy and hold.

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