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After Sundaeswap, Another Decentralized Exchange Is Launching On Cardano

Jakkk
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After Sundaeswap, Another Decentralized Exchange Is Launching On Cardano

After Sundaeswap, another decentralized exchange (DEX) based on Cardano, Minswap has announced January 25, 2022, as its public beta launch date.


Public test net hep the developers to detect discrepancies in code and rectify them. Users utilize the product and notify the team about various issues they face, and the team updates any rising problems based on user experience.

“LAMINAR,” which is Minswap’s concurrency solution, that offers the capability to execute numerous transactions multiple times in a single block using accounting-style smart contracts will also be thoroughly checked in the upcoming testnet.

According to the Minswap team, Tweag, a software innovation lab, has launched an external security audit of the decentralized exchange smart contracts. Tweag specializes in the development of Haskell, which works with IOG on the architecture and design of Plutus, Cardano’s innovative contract platform.

The team announced an integration with Nami’s dApp connector. They are also working on integrating wallets such as Typhon, GeroWallet, CardWallet, CCWallet, Flint, and Yoroi into the testnet

Minswap is trying to optimize the transaction size of smart contracts. A few months ago, the Miniswap team made efforts to optimize the transaction size of their smart contracts, resulting in increased throughput. According to the report, a load test the team recently conducted on the public testnet resulted in 48 swaps per block, equating to 144 swaps per minute.

It is worth noting that Miniswap is a community-driven decentralized exchange. This means that it does not use venture capital funding, ensuring a fair distribution of its tokens.

Shiba Inu Leading Developer Share His Thoughts On Microsoft-Activision Acquisition, Can Shib Get Something From This Deal?

Albert Brown
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Shiba Inu Leading Developer Share His Thoughts On Microsoft-Activision Acquisition, Can Shib Get Something From This Deal?

Shiba Inu cryptocurrency holders woke up and smelled roses, and it’s all thanks to Microsoft as the company prepares its new acquisition of Activision.


Shiba Inu developers are taking steps to expand the project’s offerings. After much criticism for the lack of use cases, things started to change in the summer of 2021. This was due to the introduction of the ShibaSwap decentralized exchange. This new initiative allowed users to earn passive income by staking their assets.

Recently, the project has been taking on more grandiose and ambitious projects. Shiba Inu announced an upcoming layer two networks called Shibarium and a metaverse built on that layer 2.

As proof that the developers are genuinely committed to these updates, they have announced their partners in developing the Shiba Inu Metaverse. Australian game studio Playside Studios will take the brunt of development, with ex-Activision, Vice President William Wolk leading the shib gaming team.

 

Can Microsoft’s Activision acquisition help Shiba Inu’s cryptocurrency? There are big possibilities which will surely drive growth as new products are launched on Shiba. However, this week’s news from the Microsoft camp could be helpful for SHIB as well. As it turns out, the company is acquiring Activision in a deal worth nearly $70 billion.

Shiba Inu resident Shitoshi Kusama tweeted to SHIB holders that the news is promising for the project. Kusama says the acquisition resonates with Shiba Inu’s decision to bring in the ex Activision VP. He also said that Microsoft and the Shib share similar views about gaming. Of course, the SHIB network has its own Activision connection via William Volk.

“This acquisition echoes our last move to bring aboard former Activision VP .william_volk and hiring of PlaysideStudios to work on our game. It’s fun to see the big players share the same vision as a “meme coin” on the MV too.”

 

Kusama’s comments help bring the community together. Many responses to Kusama’s post-show optimism about the upcoming metaverse product. While the community is ecstatic about the connection, SHIB is making up for small losses by trading half a percentage point down.

Shiba Inu Takes 3rd Spot Beating Ethereum In Top 10 Most Viewed Coins In Europe

Zabi
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Shiba Inu Takes 3rd Spot Beating Ethereum In Top 10 Most Viewed Coins In Europe

Coin market cap (CMC) has just released its “Top 10 Most Viewed Crypto Coins” list for Europe. The list is released by CMC based on data collected from December 31, 2021, to January 6, 2022.



The data indicates that many European investors are looking to invest in the meme-coins as three of the meme-coins have made their way to secure top positions in the list. Even Ethereum (ETH) has been beaten up by Shiba Inu (SHIB) in searches. Ethereum can be seen in 4th position while SHIB led its way to become the Top 3 most viewed crypto coin in Europe beating ETH.

The other two meme coins in the list include Saitama (SAITAMA), which secures Top 5th position, and Safemoon (SFM) can be seen on the 6th.

Multiverse Capital (MVC), a newly born multichain farming deflation token, remained successful in engaging European investors the most and led to the top position in the list. Bitcoin (BTC) comes on 2nd.

Solana (SOL), Cardano (ADA), Wonderland (TIME), MetaPets (METAPETS) are other coins that can be seen on the list.

Image source: https://twitter.com/CoinMarketCap/status/1483523920221323268

The meme-coins started to gain attention after Elon Musk invested in Dogecoin (DOGE) in February 2021. Seeing Elon Musk’s continuous support for Dogecoin, a new wave of investors rushed to buy Dogecoin, the first-ever meme coin to reach the sky.

During that Bull Run for DOGE, most lucky traders have become millionaires or even billionaires as they have seen some astronomical gains and life-changing payoffs. After that, the crypto traders become accustomed to it and continuously hunt for new places to find insane profits. The list released by CMC demonstrates the fact.

A new wave of investors which entered into the crypto market following Elon Musk’s involvement in the industry is confirmed by the data collected by Crypto.com. According to the data, worldwide crypto investors jumped from 143 million to 221 million during only five months (from February 2021 to June 2021) when Elon Musk was promoting Dogecoin.

Elon Musk has recently provided more strength to the meme-coins by announcing that Dogecoin will be accepted as a legal payment on Tesla’s website for selected merchandise.

At the time of writing, SHIB is trading -0.23% down, at the price of $0.00002773 per token. Saitama is trading up 0.17% up, at $0.00000003616 per token. The safe moon token declined -0.94% and is trading at $0.002146 per token.

Another Memecoin Trending On Twitter With 690T Supply

Albert Brown
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Another Memecoin Trending On Twitter With 690T Supply

Twitter has become one of the main discussion points about cryptocurrencies. Recently, a cryptocurrency has been trending, looking like a bizarre project, the Shibnobi (SHINJ), yet another crypto meme.



As you can see from the name, Shibnobi is another Dogecoin clone, made to get attention amid riding the wave of coins that use the Shiba Inu puppy as a mascot (SHIB, Dogelon Mars, Baby Shiba Coin, and many others).

As you can imagine, the coin’s entry into Trending Topics ended up encouraging a lot of those who decided to invest in the “meme coin,” also helping to inflate the coin’s price.

Still being just another meme, the cryptocurrency ended up managing to enter Twitter’s trending topics in the technology with almost 19,500 mentions. The coin is also on the watchlist of 57,932 on Coinmarketcap. Up 43% in last 24 hours and available for trading on Uniswap, Bitmart, and Hotbit.

 

shinja trending on twitter

But what is SHINJA, and why did it end up in Trending Topics? Shibnobi is a meme coin that is a “sister” of Shiba Inu. Like Baby DogeCoin, which has been gaining a lot of popularity, the idea behind SHINJA is to get the meme coin to grow in popularity so that man people can believe that it will appreciate like Dogecoin/SHIB making them, future millionaires.

This has been a prevalent tactic for several cryptocurrencies since Elon Musk’s jokes made Dogecoin skyrocket and made many people rich. Then the same ensued with Shib inu, so there is an attempt to replay the event.

With SHINJA and others at the same level, it’s pretty easy to see how fragile the plan behind the project is. A detail that draws a lot of attention is the total supply of the coin, with no less than 690 Trillion coins in total, a truly absurd number that is only seen in scams or shitcoins.

You can analyze the most talked about topics in the cryptomarket in November last year. No doubt SHIB was by far the most discussed topic. Also, other meme coins discussed in the period were the Elon (Dogelon Mars).

This situation is no different from the ICO bubbles of 2018 when everyone tried to bet on a cryptocurrency that would appreciate a lot after launching a pump scheme; many people lost money at that time. It is essential to be especially careful not to commit the same mistake again.

MicroStrategy And Tesla Possess 80% Of Bitcoin Held By Top 10 Public Companies

Mark Brennan
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MicroStrategy And Tesla Possess 80% Of Bitcoin Held By Top 10 Public Companies

MicroStrategy and Tesla own 169,044 of the 211,624 BTC held by the top 10 public companies. This holding represents 80% of the bitcoin of the leading 10 public companies.



Edith Reeds of Trafingplatforms.com share: “There’s been a significant shift in corporate thinking about cryptos and BTC in particular. Many are beginning to see them as viable investment opportunities. Besides, BTC’s scarcity and value make it a better hedge against inflation compared to gold.”

MicroStrategy, a leading business analytics firm, confirms Edith’s observations. According to the data, the company owns the most BTC for a public company. Holding above 120k BTC is worth over $5 billion.

This is not surprising since its CEO, Michael Saylor, is a leading supporter of BTC. Sailor revealed that he owns about 18,000 BTC worth over $800 million. He considers BTC digital gold the best store of value.

Tesla came second on the list. An electric car manufacturer has 48,000 BTC worth over $2 billion. The firm says diversification is the reason for its investment in Bitcoin.

Galaxy Digital Holdings, with an investment of 16,000 BTC worth about $700 million takes third place.

Square Inc. The company, renamed Block in fourth, holds 8,027 BTC worth almost $340 million.

Further from fifth to seventh place were Marathon Patent Group, Hut 8 Mining Corp, and Coinbase. Marathon Patent has 4,813 BTC worth about $200 million in reserves. Hut 8 owns 4,727 BTC ($197.5 million), and Coinbase owns 4,483 coins ($187 million).

NEXON, Voyager Digital, and Riot Blockchain make up the top 10 institutional Bitcoin holders. The trio owns 1717, 1249, and 1175 BTC, respectively. While NEXON’s stake is over $71M, Voyager Digital is around $52M, and Riot Blockchain is $49M.

New Records: BabyDoge Crosses $1.6B Marketcap And 1.3M Holders

Zabi
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New Records: BabyDoge Crosses $1.6B Marketcap And 1.3M Holders

New Year 2022 has welcomed a new dog following Shiba Inu (SHIB) and Dogecoin (DOGE).



This new cute dog (BabyDoge) has been gaining immense popularity and engagement since the start of the New Year 2022. As the token’s rage gained momentum, the community for the pretty BabyDoge is getting stronger day by day.

One can take the idea of Baby doge popularity from the fact that on January 16, when Baby DogeCoin registered an all-time high (ATH) price of $0.000000006345, the token’s official Twitter account passed the 777k followers. Today, at the time of writing, the total follower count stands at 802.7K, which means approximately 25K unique people have followed BabyDoge’s official Twitter account in just 72 hours.

The figure is just insane!

BabyDoge also remained the top trending topic in the Twitter technology sector, with 183K tweets.

The success story of the BabyDoge doesn’t end here. People like Zach Boychuk, a Canadian professional ice hockey player currently playing for Eisbären Berlin in the Deutsche Eishockey Liga (DEL), have cheered the new all-time high (ATH) of BabyDoge, which shows the love of the community for the token.

According to the recent data from whale stats, BabyDoge has set a new record in terms of holders’ count. The dog token crossed an astonishing 1.3M holders. To be precise, 1,300,799 accounts are holding Babydoge at the moment.

Also, with an increase of 10% over the last 24 hours, the market cap of the meme coin has jumped to $1.6B; currently, the currency is trading at $0.000000006116 according to Coinmarketcap.

At the same time, the Whalestats’ data reveals that the top 1000 BNB wallets are holding 976,714,388,368,018 (976 Trillion) BabyDoge Coins, currently valued at $5,882,218 (5.8M).

Recently, CoinEx, a professional global cryptocurrency exchange, declared a listing of BabyDoge. The exchange had reviewed Baby DogeCoin rigorously before the announcement and made BABYDOGE/USDT pair available for trading.

Ethereum Moved $11.6 Trillion In 2021, Crossing Visa And Bitcoin That Moved $10.4T And $4.6T Respectively

Albert Brown
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Ethereum Moved $11.6 Trillion In 2021, Crossing Visa And Bitcoin That Moved $10.4T And $4.6T Respectively

Ethereum shows its power as a world-leading altcoin by surpassing Visa in terms of transactions volume.



Since surpassing Bitcoin in mid-2020, Ethereum continues to be the blockchain that settles the greatest flow of assets worldwide. This year Ethereum moved approximately $11.6 trillion. That is more than Visa and more than double Bitcoin.

A detailed analysis of Ethereum in 2021 by Josh Stark points out that the second-largest cryptocurrency in the world has overtaken Visa in terms of transaction volume. In total, an equivalent of 11.6 trillion dollars was transacted on the Ethereum network last year alone.

As shared by Josh Stark of the Ethereum Foundation, Visa transacted a total of 10.4 trillion dollars in 2021, Bitcoin moved $4.6 trillion, surpassing PayPal, while Ethereum managed to transact transactions double the volume of BTC also exceeded Visa after closing the year with a volume of transactions equivalent to 11.6 trillion dollars.

total transaction volume of eth
image source: https://stark.mirror.xyz/

Given the values above, Joey Krug, CIO of Pantera Capital, is correct. During an interview with Bloomberg, he stated that Ethereum could dominate the global financial system. He said that over the next 10-20 years, he expects 50% of the world’s financial transactions to be linked to Ethereum.

While the leading innovative contract platform has serious competitors in the crypto ecosystem, he believes ETH blockchain will remain number one.

Joey Krug noted:

“If you roll the clock forward 10 to 20 years, a very sizable percent, maybe even north of 50%, of the world’s financial transactions in some way, shape or form will touch Ethereum.”

As most blockchains function as an auction system, where transactions with higher fees are accepted first, it is no surprise that when networks are overloaded, the transactions fees rise.

With the explosion of DeFi, NFT, play-to-earn gaming sectors, scalability has been Ethereum’s weak point ever since. In other words, the worldwide transactions volume could be a lot bigger if ETH fees were cheaper.

Huobi Increases Bitcoin And Ethereum Futures Contracts Leverage Up to 200X After Clearing out China Users

Mark Brennan
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Huobi Increases Bitcoin And Ethereum Futures Contracts Leverage Up to 200X After Clearing out China Users

Huobi announces increases the leverage up to 200X for BTC and ETH contracts after clearing out users in Mainland China.



Huobi writes:

“Going forward, 125x, 150x, and even 200x leverage is available for BTC and ETH contracts on Huobi Futures. Users can adjust the leverages based on their actual needs.”

In September last year,  Huobi stalled operations in China as Beijing stepped up its crackdown on cryptocurrencies. The exchange suspended new registrations for Chinese users. Huobi announced planned to close existing China accounts by the end of 2021.

The action came in the wake of a directive from the People’s Bank of China and nine other institutions, including the Supreme Court, the Ministry of Public Security, police, and internet and securities regulators, which have ruled all cryptocurrency-related transactions as illegal financial activities in September.

Today after getting rid of all china accounts, Huboi raised its leverage to 200x for Bitcoin and Ethereum contracts on Huobi Futures.

Stacks (STX) That Enables Secure Smart contracts Around Bitcoin Up 14% After Coinbase Listing

Mark Brennan
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Stacks (STX) That Enables Secure Smart contracts Around Bitcoin Up 14% After Coinbase Listing

A cryptocurrency that cost just $1.99 saw its price soar with Coinbase’s listing.


 

Considered the largest cryptocurrency exchange in the United States and one of the oldest, it has a rigorous listing of new coins. Coinbase was the first cryptocurrency exchange to be listed on a Nasdaq stock exchange in the U.S.

Stacks (STX) skyrocketed after being listed on Coinbase. The coin soared when Coinbase announced that it would list the asset on its platform. As a result, Stacks rose to $2.53, currently trading $2.27, 14% up in the last 24 hours, while Bitcoin is down 1.6% in the previous 24 hours.

stx price

Stacks trading on Coinbase will occur in three trading pairs, against Euro, Dollar, and USDT.

The Stacks network is one of the most promising to create smart contracts for the Bitcoin community. Linked to Bitcoin, this network caught the attention of city mayors around the U.S., who started their City Coins.

One of the cities to do this was Miami, which created MiamiCoin and inspired other cities to do the same: New York with NYCCoin and Austin with AustinCoin. Last week, the mayor of Rio de Janeiro, Eduardo Paes, confirmed that he will create Rio Crypto, although it is not yet clear if it will be on Stacks.

In any case, this network draws attention by allowing the creation of NFTs, City Coins, and DeFi in the Bitcoin ecosystem, something sought by many in the community.

A User Lost 26 Bitcoin To A Scammer Pretending To Be MicroStrategy CEO, Michael Saylor

Mark Brennan
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A User Lost 26 Bitcoin To A Scammer Pretending To Be MicroStrategy CEO, Michael Saylor

Crooks are consistently engaged in scamming people, while newcomers do not comprehend or do any research to safeguard themselves from crypto fraud.



According to the Whale Alert bot, the owners of the fake YouTube channel of MicroStrategy CEO Michael Saylor swindled 26 BTC (more than $1.1 million) from an unknown user.

On behalf of Saylor, Scammers promised to “double” any amount sent to the specified address in cryptocurrency. The user made five separate transactions to send 26 BTC to the scammer. Whalealert suspects this payment was made through a Coinbase address.

Michael Saylor responded and said 489 scams were launched in one week using his name:

“489 of these scams were launched on YouTube last week. We report them every 15 minutes, and they are taken down after a few hours, but the scammers just launch more….”

In December 2021, hackers hacked into the personal Twitter of Indian Prime Minister Narendra Modi for the second time. They wrote on his behalf about the legalization of bitcoin in the country With a 500 BTC Giveaway.

Before this, the Twitter profiles of Elon Musk, Bill Gates, and other celebrities were compromised to a large-scale attack. Recall that in 2021, cryptocurrency scammers earned a record $14 billion, according to the analytical company Chainalysis.

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