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Shiba Inu Rival BabyDoge Listed By HongKong Crypto Exchange CoinEx

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Shiba Inu Rival BabyDoge Listed By HongKong Crypto Exchange CoinEx

CoinEx is an essential name in the cryptocurrency industry. It offers access to spot and perpetual markets and margin trading; with low fees and excellent security, it is a one-stop-shop for most crypto traders.



CoinEx, founded in December 2017, is a professional global cryptocurrency exchange based in Hong Kong with a 24 trading volume of $77,125,494 ($77.1M).

The platform supports 15 languages and more than 500 trading pairs, and 150 plus coins. CoinEx has more than 2 million users in more than 100 countries and regions due to its high speed, stable operation, and smooth deposits and withdrawals.

CoinEx confirmed the listing of Babydoge on Jan 18th.

Babydoge has been doing great since the start of 2022.

According to Coinmarketcap, after the start of the year, the price of a baydoge rose to $0.000000006599, from $0.000000001903 up 230% in just 17 days. On January 16, Babydoge punched a new all-time high of $0.000000006599.

Baby DogeCoin caught the attention of traders after the token development team confirmed the burning of 5 Quadrillion Baby Doge Coins, valued at $11.50 million, on January 2. BabyDoge later made another headline that it surpassed SHIB in terms of holders. Babydoge has 1.2 million holders, and SHIB has over 1.14M holders.

Bitmex Moving Forward To Acquire German Bank Operating Since 1754

Mark Brennan
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Bitmex Moving Forward To Acquire German Bank Operating Since 1754

Bitmex is looking to extend its European expansion and product development.



BXM Operations AG, associated with the BitMEX crypto derivatives exchange, has announced plans to acquire the German bank Bankhaus von der Heydt (BVDH), which has been operating since 1754.

The parties have signed a purchase agreement, which will be completed after the approval of BaFin, the German financial services regulatory authority. The deal is expected to close in mid-2022.

Financial details were not disclosed. According to the statement, this step was preceded by the launch of BitMEX Link in Europe, an innovative brokerage service based in Switzerland that facilitates trading in digital assets. The acquisition of Bankhaus von der Heydt is the next step in the Group’s European expansion.

Bitmex writes on their official blog:

“BitMEX Group is pursuing the ambitious goal of establishing a one-stop-shop for regulated crypto products in Germany, Austria, and Switzerland, and thus becoming a strong player in Europe – in addition to our global ambitions.”

BXM CEO said:

“Through combining the regulated digital assets expertise of Bankhaus von der Heydt with the crypto innovation and scale of BitMEX, I believe we can create a regulated crypto products powerhouse in the heart of Europe.”

According to open data, BXM Operations was registered in November 2021 as a business consulting service provider. The board of directors includes BitMEX CEO Alexander Heptner and exchange CFO Stefan Lutz.

Earlier, BitMEX announced the release of its own BMEX token and announced an airdrop. Prior to this, the company settled a civil dispute with the US Commodity Futures Trading Commission (CFTC) and FinCEN, agreeing to pay a $100 million fine.

 

UK Becomes Third Largest Country To Hold Ethereum, While UK Citizens Also Love To Own Doge, Solana, And Ripple

Mark Brennan
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UK Becomes Third Largest Country To Hold Ethereum, While UK Citizens Also Love To Own Doge, Solana, And Ripple

The UK is the third-largest Ethereum holding country after Singapore and Australia.



Finder.com regularly surveys individuals across 27 countries to analyze cryptocurrency adoption rates, investment diversification, and the demographics of investors. 2013 users took part in the survey

According to Finder.com’s December report, the UK ranks third globally in terms of ETH holdings. Since October, the total share of Ethereum ownership by the country’s population has grown by almost one percent – from 5.2 to 6.1%.

ETH ranks second in the United Kingdom in terms of cryptocurrency choice, with 32.9% of cryptocurrency holders owning Ethereum, above the global average of 24.4%. This puts the UK in 3rd place for holding ETH.

BTC retained first place; 42.8% of UK crypto holders own bitcoins. However, ETH continues to gain popularity in the country. The UK ranked third in the world regarding ownership of this altcoin, right after Singapore and Australia, with a total share of 32.9%.

It is noteworthy that the proportion of Ethereum owners among other cryptocurrencies in the world is declining – from 28.2% in October to 24.4% in December. However, the British see the potential of ETH and hold their positions. Bitcoin is still the most popular cryptocurrency in the United Kingdom; 42.8%  of crypto-involved citizens hold Bitcoin, which places the UK as the 11th country whose population has BTC.

DOGE, Solana, and Ripple popularity in the UK

The UK ranks 17th in the world regarding the number of DOGE holders, with 16.9% claiming to own the mem-coin, below the global average of 18.5%. In terms of popularity among cryptocurrency holders in the United Kingdom, DOGE ranks 4th.

Solana ranks as the 5th most popular coin in the UK, with 15.1% of cryptocurrency owners saying they own the coin, below the global average of 15.5%.

Beating some of the more well-known cryptocurrencies, Ripple is the third most popular altcoin in the United Kingdom, with 17.4% of crypto owners saying they own Ripple. Ripple has a global average holding of 16.8%, which puts the UK above the worldwide average.

Finder’s report also shows that Men in the United Kingdom are roughly 2.1 times as likely as women to own cryptocurrency – among crypto owners, 68% are men compared to 32% who are women.

Binance To Support Polygon (MATIC) EIP-1559 Network Upgrade And Hard Fork

Zabi
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Binance To Support Polygon (MATIC) EIP-1559 Network Upgrade And Hard Fork

Binance will support Polygon (MATIC) EIP-1559 Network Upgrade.



Polygon (MATIC), the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development, is planning to release an update to set up a fee-burning mechanism line like Etherereum (ETH) and Binance Coin (BNB).

Polygon first rolled out a testnet EIP-1559 update in order to burn its native token MATIC. This step will offer MATIC’s ecosystem better transaction fee visibility. The first testnet announcement was made by Polygon via its official blog post on December 14, 2021.

Yesterday Polygon informed that they would deploy the EIP-1559 update on the mainnet on Jan 18th.

Today, Binance declared that it is ready to support the Polygon network upgrade and hard fork. The world’s leading exchange made this announcement public via tweet and provided details in its official blog post.

Looking into the details, we found that the Binance has the plan to carry Polygon network upgrade and hard fork at Polygon block height of 23,850,000 approximately at 08:00 (UTC) on 18th January 2022.

According to the reports, the trading of the MATIC would not be affected during the upgrade, whereas, deposit and withdrawal features of MATIC will be suspended on 2022-01-18 at 07:00 (UTC).

The binance team clarified that deposit and withdrawal features for the coin would be restored once the technical team got satisfied with the upgraded network and found it stable. The binance team will not release any further notification or announcement regarding Polygon.

Binance users, especially those holding MATIC in their Binance accounts, don’t have to worry about the upgrade as the exchange promised to handle all technical requirements involved in the process. The exchange confirmed that no new tokens for MATIC will be created during the upgrade.

Cardano Regains 5th Spot From Solana After 37% Rise In 7 Days, Main Reasons Of ADA Price Increase

Mark Brennan
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Cardano Regains 5th Spot From Solana After 37% Rise In 7 Days, Main Reasons Of ADA Price Increase

Cardano (ADA) soars 37% and regains the 5th position as the biggest crypto in the world.



In addition, Cardano has surpassed Solana in market capitalization and Ethereum in transaction volume.

Cardano is up 37.2% over the past seven days, jumping from $1.12 on Jan. 10 to $1.57 at press time, according to data from CoinMarketCap.

As a result, Cardano overtook Solana in market capitalization and returned to the Top 5 ranking of cryptocurrencies by market capitalization. At this point, ADA has a market capitalization of $50.5 Billion against SOL’s $44.6B, which consolidates a downtrend that started on December 3rd.

Transaction Volume

Boosted by the rise of its native cryptocurrency ADA, the Cardano blockchain even surpassed Ethereum in transaction volume, according to Messari data highlighted by trader and analyst Lark Davis in a post on Twitter. Over 24 hours, Cardano’s transaction volume reached $7 billion against $5.4 billion for Ethereum.

Lower Fees

However, the number that deserves to be highlighted and demonstrates that Cardano can present itself as a real and exciting alternative to investors is that Cardano users paid $66,058 in transaction fees. At the same time, Ethereum spent a staggering $44.7 million in fees, according to Messari data.

DApps in action

While critics tend to refer to Cardano as a “ghost network,” with a few dApps running on the network, such as stable coin hub Ardana, decentralized exchange Maladex, decentralized banking protocol MELD, and NFTs marketplace CNFT.IO, additionally, decentralized exchange SundaeSwap recently announced that it would go live on Cardano’s mainnet this Thursday.

Sunda Swap Writes:

“The moment we’ve all been waiting for has finally come! We’re excited and proud to share that SundaeSwap and the ISO will be launching on the evening of Thursday, January 20th (EST).”

John Woods, Cardano’s director of software architecture at Input Output, also recently stated that a “huge” number of projects are in an advanced stage of development and about to be released that will make the network ecosystem more functional and robust.

Scalability

A recent blog post by IOHK presents the network developers’ plans to increase the network’s scalability efficiently.

Among the attributes under development are increased block size, memory/CPU parameters improvements for the Plutus smart contract platform, node enhancements, disk storage space, implementation of sidechains, and Hydra, a second-tier solution from Cardano and other resources.

Cardano blockchain block size was recently increased from 8KB to 72KB (an increase of 12.5%). Further improvements will be implemented over time, according to IOHK, based on ongoing monitoring of the system and overall network health.

Milkomeda and Mamba are two Ethereum Virtual Machine (EVM) compatible sidechains scheduled to be deployed on the network in the future, allowing the use of dApps originally built on Ethereum to run on the Cardano blockchain.

Metaverse

Last week, Cardano’s first project dedicated to the metaverse was officially launched. Pavia is similar to The Sandbox and Decentraland projects, based on the commercialization of virtual lands so that users and brands can build personalized experiences in immersive virtual environments.

So far, the project has minted 100,000 “land parcels” in the form of non-fungible tokens (NFTs). More than 60% of the land was negotiated in two initial sales rounds in October and November last year. The rest should be sold in the first quarter of this year.

According to the project’s official website, Pavia has more than 8,300 landowners. For now, however, it is not yet possible to make any use of the lands, as the developers are still working on the gameplay and experience features of the platform.

Like The Sandbox and Decentraland, Pavia also has a native token – PAVIA – that will serve to drive the game’s economy. The token was launched in December, and 25% of the supply was distributed to landowners through an airdrop.

According to a post from the Pavia team on Twitter, the base price of virtual land on the platform is $450, and the most expensive land sold for $88,740. The values ​​still put Pavia far below the volume moved by The Sandbox or Decentraland.

However, as the developers point out on the project’s official website, “the metaverse is in its infancy, and Pavia is at an early stage of development.”

There are also play-to-earn game projects under development by the Cardano community, pointing to good prospects for diversifying the use of the ecosystem throughout 2022.

NEAR Protocol Introduces New Staking Mechanism

Mark Brennan
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NEAR Protocol Introduces New Staking Mechanism

The NEAR Protocol team has unveiled a new staking mechanism. The initiative was launched jointly with the developers of Aurora.



According to NEAR protocol, a node can become a NEAR validator only if the amount in the staking transaction is above the seat price defined by the protocol. The seat price is dynamically calculated and is a function of the number of NEAR tokens staked by other validators.

Delegation on NEAR is not implemented on the protocol level, which allows each validator to create or customize their own contract that they use to attract delegators. If validators want to accept delegated stake, they must deploy a staking pool contract, which defines commission fees and reward distribution split, and advertise that contract as the destination to delegate.

Unlike other PoS networks, NEAR uses a staking pool factory with a whitelisted staking smart contract to ensure delegators’ funds are safe. Therefore, to run a validator node on NEAR, a staking pool must be deployed to a NEAR account and integrated into a NEAR validator node. Each validator may decide their commission fees and how to reward distribution works.

Alex Shevchenko, head of Aurora Labs, said:

“The new model allows better alignment of incentives across the NEAR ecosystem. We look forward to the cooperation of projects and professional validators, and providing users with much more value,”

 

In the NEAR Protocol network, delegation is not implemented at the protocol level, which allows each validator to create and configure their smart contracts. He needs to deploy a staking pool whose contract determines the commission fees and distributes rewards to attract delegates.

Until recently, this model did not differ from other protocols based on Proof-of-Stake: the user contributes a native NEAR token to the pool and receives a reward in the same asset. According to the project team, the average annual profitability will now be 10%.

Such an approach does not allow ecosystem projects to participate in the network’s security since they cannot benefit from the rewards paid. The new model enables validators to include third-party tokens in the NEAR staking payout structure.

Recall that in January 2022, the NEAR Protocol team raised $150 million in a funding round led by the Three Arrow Capital venture fund.

Babydoge Up 230%, Made New ATH, Marketcap Up $1B Since Start Of 2022, Will The Coin Compete With Shiba Inu And Doge?

Zabi
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Babydoge Up 230%, Made New ATH, Marketcap Up $1B Since Start Of 2022, Will The Coin Compete With Shiba Inu And Doge?

2021 was no doubt remained a super bullish year. Most lucky traders have become millionaires or even billionaires as they have seen some astronomical gains or life-changing gains. Now the crypto traders become accustomed to it and always remain on the hunt for new places to find astronomical profits.



If you are one of the crypto traders searching for such astronomical gains, you are at the right place. Here in this article, I will share one coin which is gaining immense popularity nowadays and has the potential to produce astronomical gains in the future, like Dogecoin (DOGE) and Shiba Inu (SHIB).

Dogecoin

So the story of astronomical gains starts with Dogecoin (DOGE), the first-ever meme coin to reach the sky but unfortunately missed the moon target of $1 by just 26 cents. The coin was created in December 2013 by three partners, Billy Markus, Oregon, and Jackson Palmer. The coin was designed as a “JOKE” based on the famous “Doge” Internet meme. Dogecoin features a cute Japanese dog breed, “Shiba Inu.”

Elon Musk, the CEO of Tesla Motors, is known to be the Father of Dogecoin. He wins this title because of his consistent support for Doge and how his tweets influence the price action of Dogecoin especially. Maybe many people reading this article don’t know; Elon Musk has been a die-hard supporter of Dogecoin since 2019.

Here is his first-ever tweet in support for Dogecoin:

However, at that time, the crypto market was not as recognized as now. Therefore, his tweets do have not have much influence on the price action. As the crypto market saw an immense expansion in 2021, Elon Musk got the power to move the markets with his tweets.

Most of the people rushed to buy the coin in 2021 following Elon Musk’s continuous tweets about Dogecoin. The people believed that the meme coin would reach the $1 mark, but unfortunately, it didn’t and experienced a sharp fall from its all-time high (ATH) price of $0.7376 registered on May 08, 2021, 8 months ago. The sharp fall comes after Elon Musk’s called Dogecoin, a “Side Hustle” in “Saturday Night Live.” On Jan 14th Elon Musk confirmed that his Tesla now accepts Dogecoin as a payment method.



Shiba Inu

On the same day, another meme coin comes into the trader’s radar, and that is none other than the renowned “Shiba Inu (SHIB)” coin, which branded itself as “the Dogecoin Killer.”

Traders had withdrawn their positions from DOGE that night and rushed to buy SHIB tokens as they didn’t want to miss another incoming opportunity to become a millionaire. As a result, SHIB prices got a crazy boom.

Following this event, Vitalik Buterin gives Shiba Inu more exposure by burning almost 40% of the meme coin’s total supply. The remaining supply was donated to charity organizations, out of which “Indian Covid Relief Fund” was the primary move. Following this donation and burning, all the media giants like The Wall Street Journal, Bloomberg, The Fortune, etc., all started giving coverage to SHIB token, which provides more exposure to the meme coin. The price of SHIB skyrocketed as a result.

During this massive Bull Run, a SHIB follower even asked Elon Musk via tweet how many SHIB he is holding. The answer was straightforward and straightforward from Elon Musk’s side, and that was “NO.”

Most traders became afraid after Elon Musk’s Tweet, but Shiba Inu’s price showed none of the strong reaction and continued to run in the North direction.

Elon Musk’s negative response failed to influence Shiba Inu’s price because of the following two strong reasons:

  1. Shiba Community (commonly referred to as SHIB Army)
  2. Shiba Inu’s utility

Shiba Inu was also started as a “JOKE,” but it’s no joke anymore. Unlike Dogecoin, the team behind the SHIB token is serious about the growth of the SHIB Ecosystem and working day and night on amazing things for SHIB Community.

Shiba Inu’s team is currently working on its Multiplayer Collectible Card Game with Playside Studios, an Australian Company, under the supervision of William Volk, former VP of Activision.

BabyDoge

Following DOGE and SHIB, there is a new crypto dog in the town, i.e., BabyDoge. Baby DogeCoin (BabyDoge) is following the steps of its father, “Dogecoin,” and gaining immense popularity nowadays and most of the traders want their hands on it right now. The reason is obviously to catch “astronomical gains.”

Babydoge has recently proved its potential by the fact that it jumped 143% in the start first ten days of 2022, according to Coinmarketcap data.

According to Coinmarketcap after starting the year at $0.000000001903, baby dog rallied to $0.000000006037 — that’s up 230% in just 17 days. On Jan 16th Babydoge made a fresh all-time high (ATH) of $0.000000006599. The market cap of the coin crossed $1.5B, While the coin is on 268,026 people watchlist on Coinmarketcap.

The New Year 2022 started terribly for the overall crypto market. Still, BabyDoge was one of the few assets that have managed to accelerate and appear to be bucking the trend. However, the token has ample supply in circulation, i.e., 268.40 Quadrillion Baby Doge Coins.

Baby DogeCoin grabbed traders’ attention after the team behind the token confirmed the transaction of 5 Quadrillion Baby Doge Coins estimated at $11.50M to the burn wallet on January 2.

Later, BabyDoge made another headline that it had surpassed SHIB in terms of holders. Following the news on January 10, BabyDoge flipped Ethereum (ETH) for the first time and became the most traded token among the top 1000 wallets.

Baby DogeCoin has also flipped Shiba Inu’s total holder count. Babydoge has 1.2M holders while SHIB is standing at 1,140,000+ holders.

Babydoge is doing splendidly as compared to its contenders SHIB and Doge, More exchange listings and better additional utility will unquestionably help the coin to take the seat of Shiba Inu.

There is no doubt that BabyDoge is delivering immense gains at the moment, but looking into history, we conclude that no matter which cryptocurrency you are chasing or for which purpose. Before investment, always do your research as this type of meme coins are usually backed by hypes, and when the hype vanishes, the price can plummet to zero losing all of your investment.

134 Million Shiba Inu Burned In Past 24 Hours, While 328M Tokens Destroyed Last Week

Zabi
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134 Million Shiba Inu Burned In Past 24 Hours, While 328M Tokens Destroyed Last Week

Shiba Inu burning continues on regular basis.



Shibburn, an automated SHIB Burns counter officially approved by the developers of SHIB, reported 17 transactions transferred SHIB to the dead wallet in the last 24 hours.

Via these transactions, a total of  134,519,822 (134M) Shiba Inu (SHIB) tokens have been taken out of circulation, bringing a total of burned tokens to 410,301,214,599,811, which makes up 41.03012% of the initial supply of 1 quadrillion.

The largest transaction burned 100,000,000 SHIB tokens at once.

Looking into the 7 days calculation, a total burning of 328,470,419 SHIB tokens took place destroying 328M coins forever in 57 transactions.

Bigg Entertainment Burning Update:

Steven Cooper, an owner of Bigger Entertainment burned 2.8 Million SHIB tokens, along with many smaller burns last week. Since the launch of the campaign on Oct. 20th, 2021, Bigger Entertainment has burned a total of 1,012,508,035 SHIB Tokens.

Steven Cooper has also planned to burn another 1 billion SHIB tokens but this time, he wishes this to be done in one transaction only. For this, his company Bigger Entertainment has organized another SHIB Burn Party on February 14th.

On Friday, Bigger Entertainment added phone cases, grips, and other items into its “Shib Lovers” limited edition merchandise and made it live for Sale. According to the Owner of the company, 80% of the profits that the company will earn through selling this merchandise will go to the burn pot for our burn party on Feb. 14th. Steven Cooper, further said these designs will only be available till will only be available until Valentine’s Day.

Polygon Finally Launching Much Anticipated EIP1559 Upgrade That Will Activate Real-Time Matic Burning

Mark Brennan
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Polygon Finally Launching Much Anticipated EIP1559 Upgrade That Will Activate Real-Time Matic Burning

Polygon (MATIC) is launching the EIP 1559 upgrade.



Activation of EIP1559 will introduce real-time burning of Polygon’s native token MATIC. On Dec 14th the developers of the Polygon first announced that they will deploy a fee-burning mechanism, like BNB and ETH.

After the successful rollout of EIP1559 on Mumbai Testnet last month, Polygon now has a block number for London Hardfork on Mainnet. Polygon will hit the London Block, where the EIP1559 and related EIPs will be activated on the Mainnet around 8 AM UTC on Jan 18th, 2022.

Polygon tweeted, “After the successful EIP-1559 upgrade on Mumbai Testnet last year, the much-awaited London Hardfork on Mainnet is here! EIP1559 and related EIPs will be activated on the Mainnet on Jan 18th around 3 AM ET / 8 AM UTC.”

 

EIP 1559 aims to change the fee market mechanism. The upgrade eliminates the first-price auction as the main gas fee calculation.

In first-price auctions, people bid a set amount of money to pay for their transaction to be processed, and the highest bidder wins. With EIP-1559, there will be a discrete “base fee” for transactions to be included in the next block. Users who want to prioritize their transaction can “tip,” which is called a “priority fee,” to pay a miner for faster inclusion.

Although this upgrade will not help reduce transaction fees, it aids in decreasing the number of users that are overpaying and make users better estimate their costs.

The introduction of the EIP-1559 upgrade will help Matic become a deflationary asset that will have a broad effect on the Polygon community, including holders, validators, delegators, and developers.

Polygon’s MATIC has a fixed supply of 10 billion, so any reduction in available tokens will have a deflationary effect. Polygon team took Ethereum’s experience since the upgrade as the baseline to simulate the potential impact on MATIC’s total supply. The analysis conducted by the team shows that annualized burns would destroy 27 million MATIC in a year.

Walmart Preparing To Create Its Own Crypto And NFTs For Its Metaverse

Albert Brown
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Walmart Preparing To Create Its Own Crypto And NFTs For Its Metaverse

Walmart looking to launch its crypto and NFTs for its Metaverse.



According to CNBC, the gigantic supermarket chain Walmart is preparing to bring itself into the crypto, metaverse, and NFTs market.

In August, Walmart took a big step toward Crypto as Walmart was looking for a “Digital Currency And Cryptocurrency Product Lead” Vacancy. The position was supposed to create a brand’s digital currency strategy, define and drive the product vision, and identify and lead technology and consumer trends.

According to The Verge, a video of Walmart metaverse, which circulated on the internet in early Jan 2022, showed that the company started testing a shopping model in the virtual format a few years ago. Walmart’s moves suggest metaverse and cryptocurrencies are not far from the company.

Recent actions by Walmart demonstrate that the company’s interest in the metaverse and cryptocurrencies is growing over time. According to journalist Lauren Thomas, from CNBC, on December 30, Walmart filed several patent applications in the United States to deal with these technologies.

cnbc walmart patent
image source: CNBC

In all, with seven patent applications listed, the company has made it clear that it is keeping an eye on the market. One of the fillings shows that Walmart is looking to offer users virtual currency and NFTs.

CNBC writes: “In a separate filing, the company said it would offer users a virtual currency, as well as NFTs.”

According to a lawyer Josh Gerben, specializing in trademark registration in the United States, speaking to CNBC said:

“They’re super intense, There’s a lot of language in these, which shows that there’s a lot of planning going on behind the scenes about how they’re going to address cryptocurrency, how they’re going to address the metaverse and the virtual world that appears to be coming or that’s already here.”

CNBC writes that it appears Walmart will launch its crypto and NFTs according to its metaverse plans.

“Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of NFTs.”‘

Walmart made no comments on CNBC report and recent patent fillings but told CNBC:

“We are testing new ideas all the time; Some ideas become products or services that make it to customers. And some we test, iterate, and learn from.”

Recently Walmart introduced Bitcoin ATMs In over 200 Locations across the U.S.

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