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After Surpassing Shiba Inu Holders, Baby Doge Coin Burned 5 Quadrillion Tokens Worth $11.5M

Zabi
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After Surpassing Shiba Inu Holders, Baby Doge Coin Burned 5 Quadrillion Tokens Worth $11.5M

Baby DogeCoin (BabyDoge), a meme token launched in June 2021, unfolded a Special Gift for its community celebrating New Year 2022.



On January 2, Baby Doge Coin confirmed the transaction of 5 Quadrillion Baby Doge Coins estimated at $11.50M to the burn wallet. The team also shared a link as a “Proof of burn.”

The announcement is made in response to the community’s feedback. The community believes the growth in the number of followers or holders is not enough for the price increase if the supply remains too high. Either team behind the token has to focus on increased utility cases for the coin, or either burning of the Babydoge should be done by sending the tokens to the burn wallet.

According to BSCScan data, the total number of Baby Doge Coins in the burn wallet was 5,000,000,000,000,000, estimated at $$14,500,000, indicating that 41.3697% of the total supply has been burnt till now. Despite this massive token burn in place, 268.0 Quadrillion Baby Doge Coins are still in circulation, which is enormous.

Till now, the token successfully attracted investment from retail investors because of its psychologically low price with a lot of zeros after the decimal. As a result, BabyDoge reaches an astonishing 1,000,000+ holders, with current holders count standing at 1,119,507. Recently Baby DogeCoin surpassed SHIB in terms of holders. Babydoge now has 1,119,507 holders, while Shiba Inu’s total holder count stands 1,116,713.

But at the moment, BabyDoge may face difficulties grabbing the interest of institutional investors or so-called “Whales” with this massive supply in place.

At the time of writing, the price of BabyDoge surged 6.02% at $0.000000002802. However, the volume decreased -58.92% to $21,785,279.69 from the previous trading session, indicating the lack of buyers’ interest at high prices.

Besides this burning news, the team reported limiting their verified telegram channel to 200K members. The team further noted that the only way to exceed 200K is to turn it into an announcement channel.

CryptoWire Introduced India’s First Crypto Index ‘IC15’ That Include BTC, ETH, SOL, SHIB And More

Zabi
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0
CryptoWire Introduced India’s First Crypto Index ‘IC15’ That Include BTC, ETH, SOL, SHIB And More

CryptoWire introduced India’s first crypto index ‘IC15’.



CryptoWire, a global crypto super app that is a special business unit of TickerPlant, recently introduced India’s first crypto index ‘IC15’.

According to The Times of India, it “will track and measure the performance of the top 15 widely traded cryptocurrencies listed on leading crypto exchanges of the world.”

The list includes Bitcoin (BTC), Polkadot (DOT), Binance Coin (BNB), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Cardano (ADA), Litecoin (LTC), Chainlink (LINK), Uniswap (UNI), Dogecoin (DOGE), Solana (SOL), Terra (UST), Avalanche (AVAX), and Shiba Inu (SHIB).

The Base Value of the index is set at 10,000 and the base date is April 1, 2018.

The Times of India writes:

“CryptoWire’s Index Governance Committee, comprising domain experts, industry practitioners, and academicians, will maintain, monitor, and administer the index while rebalancing it every quarter. The Base Value of the index is set at 10,000 and the base date is April 1, 2018.”

Launching IC15, CryptoWire Managing Director and CEO Jigish Sonagara said:

“With the launch of India’s first index of crypto IC15, we intend to complete the knowledge circle for the entire crypto and blockchain eco-system. This will not only push the ‘learn before earn’ initiative but also serve the industry with yet another powerful intervention. At CryptoWire, our approach is to facilitate market development and mitigate risk to a great degree by presenting all possible tools to evaluate possibilities and make decisions.”

Shiba Inu Versus Baby Doge Coin: BabyDoge Surpassed Shib In Terms of Holders

Zabi
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Shiba Inu Versus Baby Doge Coin: BabyDoge Surpassed Shib In Terms of Holders

Baby DogeCoin (BabyDoge) has surpassed Shiba Inu (SHIB) holders.



The news is just disclosed by Baby Doge Coin’s official Twitter handle via tweet.

Looking into the BscScan data, Baby DogeCoin now has 1,119,507 holders while Shiba Inu’s total holder count stands at 1,116,713.

There is no doubt that Baby DogeCoin is gaining popularity. However, the “Whales” still choose Shiba Inu (SHIB) compared to BabyDoge, as Shiba Inu holds many competitive advantages over Baby DogeCoin.

A few of those Competitive Advantages include:

  1. Shiba Inu’s ecosystem itself (SHIB, BONE, and LEASH).
  2. Shiba Inu’s total supply is much less as compared to Baby DogeCoin.
  3. Most significant businesses like NOWPayments, Newegg, Shiba Coffee Shop, Bigger Entertainment support Shiba Inu’s Community burns.
  4. Shiba Inu is near launching its blockchain with the name “Shibarium.” Shibarium is said to fix the Gas fees issue and, most expectedly, set near zero.
  5. Shiba Inu is also close to launching its NFT Game soon as it had already partnered with Australian game studio PlaySide and the appointment of William Volk, Former VP at Activision, won investors’ interest.
  6. Shiba Inu also announced the launch of Shiba Inu Oshiverse, causing more excitement.
  7. Shiba Inu (SHIB) is now accepted as a payment method by many well-known organizations like AMC Theatres, NOWPayments, Newegg, etc.

Babydoge is undoubtedly getting some serious adoption; The team is also planning some serious baby dog burning.

Few Reasons Why Floki Inu (FLOKI) Can Reach New All-Time High in 2022

Zabi
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Few Reasons Why Floki Inu (FLOKI) Can Reach New All-Time High in 2022

Floki Inu (FLOKI), a dog-themed meme coin, branding itself as “a movement,” entered 2022 with over 390,000 holders.



Floki Inu’s posting a video saying:

“Vikings are not afraid of opposition, we use it as Motivation, and today… we are 390,000 holders strong.”

Although FLOKI’s price is trading -67.99% down from its all-time high price of $0.0003437, registered on November 04, 2021, still, investors hope that Floki Inu (FLOKI) price will touch the moon based on the following reasons:

  • Floki is named after Elon Musk’s dog and currently working on Valhalla Play to Earn (P2E) NFT Gaming Metaverse, Floki Places – Market Place, Floki Inuversity – Crypto Education platform, Global (aggressive) Marketing Campaign.
  • Floki Vikings’ Community is growing fast and becoming a solid and united community day by day. Floki token holders increased to 360K, growing at 10K on average daily. Floki Inu also boasts 271.1K Twitter followers and has been trending on Twitter for two weeks straight, indicating that more people are interested in the token.
  • Floki Inu’s Market cap is only $1billion, which signals Floki Inu has room to grow concerning market cap as Dogecoin (DOGE) is currently trading at $22,463,489,231, and Shiba Inu’s (SHIB) market cap stands at $18,518,159,971.
  • Floki Inu’s price cannot be rug pulled as the biggest Ethereum whale only holds 2%, and liquidity is locked for 265 years. The token is also recognized as part of the meme coin trilogy.

In addition, nowadays, the Floki Inu team is entirely focused on CEXs listing like Coinbase, Binance, Kraken, etc. If the token got listed there, most potential buyers would jump into the Floki Inu’s ecosystem, including Whales. Thus, increasing the demand for the token. As per the rule of thumb, whenever demand rises, the price shoots.

Recently Bitrue and Giottus India’s leading Crypto exchange-listed Floki.

Italy Top Bank, Banca Generali Adds Support For Bitcoin

Mark Brennan
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Italy Top Bank, Banca Generali Adds Support For Bitcoin

Italy Top Bank, Banca Generali Adds Bitcoin Buying and Selling Features.


 

Banca Generali, one of the top banks in Italy, is launching Bitcoin services. The bank has more than 300,000 customers that will be able to buy, sell and hold BTC in early 2022.

According to the report, Banca Generali’s customers will be able to buy or sell the most famous cryptocurrency through the Conio Inc platform. Conio will make it possible for bank customers to trade BTC. This feature will enable bank customers to trade Bitcoin without leaving the bank’s online infrastructure.

The Italian bank was only providing Bitcoin custody services since Dec 2020, but after this partnership, the bank will be able to introduce a Bitcoin buying and selling feature.

Riccardo Renna, Bank COO, said that this step is a bank’s long-term strategy for providing its customers with innovative services of digital assets trading experience.

“Once the integration is complete, customers will be able to securely interact with the new asset class (BTC), which can be extremely risky if mishandled. We know that the future structure of the financial markets will certainly be influenced by the blockchain technology that continues to make its way. We are working with Conio at various tables to study possible blockchain adaptations to our processes and systems.”

Banca Generali belongs to Generali Group which is one of the world’s top ten insurers. The bank is the best private bank Italy net worth individuals (HNWIs) seeking private banking and wealth management services.

Gibraltar’s Plans on Crypto – Working Towards World Dominance

Mark Brennan
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Gibraltar’s Plans on Crypto – Working Towards World Dominance

Gibraltar has recently unveiled its plans towards becoming one of the biggest centers for the crypto industry.



The country has noted that they are working on a new plan that would transform Gibraltar into a hub for cryptocurrency trading. Long known as a tax haven, Gibraltar has taken its new initiative to become a true leader in the crypto industry. 

But, what exactly is Gibraltar trying to do and what makes it so important? The country has announced that they are working on reviewing a proposal that was made by Valereum, which is a blockchain firm, to take over the ownership of the Gibraltar Stock Exchange. 

By doing so, the exchange would allow individuals to not only trade regular bonds and stocks but also have access to crypto assets, such as bitcoin and dogecoin. If it happens, it will be a truly remarkable and important thing for the crypto industry around the world, taking the market even closer to the mainstream market than ever before. 

The information about this was announced by The Guardian, noting that in the best-case scenario, Gibraltar will manage to become one of the biggest markets for the crypto industry and a true center for the market. On the other hand, The Guardian has also noted that things might go the other way as well, damaging the reputation of the country, if the initiative is not successful. 

The move can be a very important step towards the future development of the crypto industry, and for the country in itself, the initiative is also very exciting. Becoming a global crypto hub can be very useful for the country on the road to its future development. On the other hand, if failed, as we have already mentioned, it can be huge damage to the reputation of the country.

 

What Makes This Initiative Important?

Apart from the impact that this initiative can have on the country as well as on the crypto industry in general, its significance is also visible by taking a look at other countries’ stances towards cryptocurrencies. 

For example, China and the UK have taken strict stances towards the crypto industry, either banning or openly opposing the idea of crypto assets. Considering this, the openness of Gibraltar is especially visible. 

On the other hand, Gibraltar has long been struggling to get away from the long-lived reputation of a global tax haven, with the government of the country going as far as suing the newspaper from Spain attempting to get back the global standing. 

Recently, the Minister for Digital, Financial Services, and Public Utilities, Albert Isola, has noted that the country might have been a tax haven 20 years ago, but it has adopted many regulations and laws recently to combat the financial issues and ensure future development of the country. 

According to him, the government has been working on new regulations for cryptocurrencies to ensure the highest safety standards and increase the assurance of investors in the safety of the industry.

Cryptocurrency Trading in Gibraltar

The country has already approved 14 cryptocurrencies and several blockchain firms. The dedication towards the future development of the industry has caught the attention of Richard Poulden, who decided to introduce the project to the country. 

He also said that the company is working towards taking advantage of the crypto sector, which is worth over $3.5 trillion. According to him, this is almost the same as all of the companies listed on the London Stock exchange, one of the largest exchanges globally.

The cryptocurrency trading industry has become very popular in Gibraltar over the past few years. As the country is actively working on developing a crypto regulatory framework, the market is becoming more accessible as well as safer.

There are numerous crypto traders in the country, very actively investing in cryptocurrencies. One of the main reasons why the market has become so popular in the country is the fact that it is easier than ever before to get started in the market. 

All traders need is to find a crypto exchange they can trust, open an account, and start trading cryptocurrencies. What’s more, traders do not even have to spend much time on learning more about the market. This is possible thanks to auto trading cryptocurrency which lets beginners get started in the market without having to spend much time on learning more and acquiring more skills. 

Automated trading can make market analysis a lot easier, as robots can analyze huge chunks of data in a very short time. In addition, automated trading robots can also open and close positions for you, ensuring maximum accuracy.

Supporting Crypto Development

Gibraltar is working very hard to ensure the future development of the cryptocurrency trading market. The recent announcement is a very important factor towards further supporting the crypto market development in the country. 

With the initiative, the country hopes to become one of the leaders in crypto adoption. The steps taken by the government are especially important considering the stance taken by some of the countries around the world, for example, China, which has recently banned crypto trading altogether.

Melania Trump Surprise Bitcoin Fans, Celebrate 13th Anniversary Of Bitcoin Genesis Block

Albert Brown
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Melania Trump Surprise Bitcoin Fans, Celebrate 13th Anniversary Of Bitcoin Genesis Block

Donald Trump, former US president, is well known for strongly criticizing cryptocurrencies while defending the Dollar, But his wife is the opposite.



President Donald Trump voiced against Crypto so many times. In October 2021, Trump expressed concerns about China’s Digital Yuan and Bitcoin (BTC). He believes that cryptocurrencies can undermine the independence of the Dollar and bring the country’s financial system to stagnation.

Trump’s opinion remains the same about Crypto. Recently In an interview with Fox, Business Trump said crypto fall could be significant, much bigger than the tech company bubble, probably referring to the Internet Bubble, which occurred in the 2000s.

“I never loved Crypto because I like to have the Dollar, I like the only currency to be the Dollar, So I am never a big fan of Crypto, and nobody is doing anything to stop Crypto. Look, I want a coin called Dollar, I don’t want to have all these other currencies, and there could be an explosion someday, which we’ve never seen. It’ll make the big tech explosion look like baby stuff. I think Crypto is a very dangerous thing.”

On the other hand, his wife is venturing into NFTs. She launched “Melania’s Vision” NFT in collaboration with Marc-Antoine Coulon. According to Melania Trump, her work combines her two passions, art and the will to help other people.

Recently she wished happy 13th anniversary to Bitcoin;

“It is widely reported that Bitcoin’s market cap exceeds $1 Trillion. Today marks the 13th anniversary of the Bitcoin Genesis Block. Happy Anniversary.”

 

 

 

On Jan 3, 2009, The Genisis block was first mined by Bitcoin creator Satoshi Nakamoto. After then the day is widely celebrated by Bitcoin lovers around the globe, including Microstrategy CEO Michael Saylor and Ex Twitter CEO Jack Dorsey. Melania, in her tweet, also admired Bitcoin reaching a $1 Trillion market cap.

For 13 years, Bitcoin has proven to be very resilient, remaining the most popular cryptocurrency globally and reaching a market capitalization of over $ 1 trillion. The strength of the Bitcoin network is backed by an active community of developers who help maintain and improve the network while working on the open-source Bitcoin core.

 

Ethereum Whale Buying Shiba Inu Dip, “Gimli” Bought 110,000,000,000 Shib For $3,624,500

Mark Brennan
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Ethereum Whale Buying Shiba Inu Dip, “Gimli” Bought 110,000,000,000 Shib For $3,624,500

Whales are not leaving Shiba Inu by any means.



According to WhaleStats, Ethereum whale “Gimli” bought 110,000,000,000 shib for ,624,500 USD. That is an enormous 110 Billion Shiba Inu coin bought for $3.6 Million.

According to Whalestats data, the total value of the Gimli wallet right now is $1,670,374,678, making her the world’s 9th biggest whale of Ethereum.

Overall, “Gimli” holds 52 tokens, among which SHIB token makes 5.33% of his total portfolio, as the whale has accumulated a total of 1 Trillion Shiba Inu (SHIB) tokens, currently valued at $48,178,844.

The largest token the whale is holding right now is Metaverse (Meta). 82% of the Gimli portfolio represents the Meta token. The whale holds 3,847,312,054 meta token worth $1,586,399,230.

Right now, the whale also holds 29134 Ethereum. Other of her holdings include Hi, Mana, Twitter Dao, Sand, and some other tokens.

The interesting and a bit confusing thing is that currently, Gimli is not holding any Tether (USDT) in its wallet. which is a sign that she has converted all of its dollar reserves into coins. So there are chances that the whale might dump any of its holdings to get back some USDT.

However, this whale’s aggressive accumulation can also be considered a bullish sign for Shib as it may show that the accumulation phase might be over for Shiba Inu and a new price surge may come soon.

On the other hand burning of SHIB is also getting serious momentum. On Jan 02 alone over 14 million tokens were burned. whereas in 2021, 410 Trillion Shib Inu Almost 41% Of Initial Supply Was Burned.

MetaPets Comes Under Investor’s Radar After Securing Top Trending Position on Coinmarketcap For Days

Zabi
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0
MetaPets Comes Under Investor’s Radar After Securing Top Trending Position on Coinmarketcap For Days

MetaPets (METAPETS) is holding the top trending coins position on Coinmarketcap for days.



MetaPets, a newly born token that aims to provide the first digitized virtual pets for the metaverse, has been holding its top trending position on Coinmarketcap.com since its launch. The project is under the radar of 115,284 investors.

The token hits an All-Time High (ATH) price of $0.000000001354 on January 1, 2022 (2 days ago), currently trading at $0.00000000087, 3364405.20% up from its All Time Low (ATL) price of $0.000000000001, registered on December 1, 2021 (a month ago).

MetaPets (METAPETS) is reportedly going to publish its Whitepaper on January 4, 2022, on their Telegram group.

 

Moreover, the MetaPets project is gaining attention from different news media giants like Yahoo News and MarketWatch as the token has started to get some coverage.

Metapets’ (METAPETS) Token 5 Week’s Journey at a Glance:

On November 19, 2021, the MetaPets project was first launched on Pancakeswap, and the price went up 5X in less than 10 minutes following the launch.

After the first 24 hours of launch on Pancakeswap, the token held firm above a 5 million Market cap with over 3,200 holders. At that time, Metapets applied for Coin Market Cap (CMC) and CoinGecko listing.

On November 22, 2021, the official website of Metapets came under attack, but the prices of coins kept on rising. Following the attack, a piece of good news came as the project got officially listed on CoinMarketCap and CoinGecko on November 22, 2021,

Soon after the listing news, Metapets broke another All-Time High (ATH), and the team announced the following upcoming events:

  • CertiK Audit
  • NFT Sneek peek
  • prize fund Games
  • New Website
  • Airdrop

On the same day, Metapets’ team confirmed that Crypto.com listed the project. The coin was able to achieve three significant listings in one day.

In its first three days of launch, the project got more than 6,000+ Holders, and 6M+ MarketCap, indicating the fast growth of the project.

On November 23, 2021, the project earned another landmark when it occupied Trending No. 1 position on Crypto.com within 24 hours.

Following the successful presale, launch, and listings on Coin Market Cap, CoinGecko, and Crypto.com, the team on November 23, 2021, announced the commencement of its next stage:

“Now it’s time to step on NFT’s soon.”

On November 26, 2021, the METAPETS token broke another ATH and became trending on Coinmarketcap for the first time since its launch. To celebrate these milestones, the team made another announcement that they would be listed on WhiteBit, a professional digital asset trading platform, in the coming days.

As soon as the project caught the epic run, breaking one ATH after another, the team, on November 28, 2021, decided to do a massive burn in response to feedback from the community. The team said:

“Come join us in the bonfire, and let’s celebrate together. 50,000$  Worth of tokens to be burned.”

On November 29, 2021, the project hit another milestone, reaching a $27 million market cap.

On December 8, 2021, the project reached an astonishing milestone of 30K holders in just 18 days; soon after, Whitebit officially declared that MetaPetsCoin (MTP) would join their exchange very soon.

Later on December 9, 2021, the trading went live for Metapets coin on Whitebit.

On December 14, 2021, the team changed its official website design, keeping in mind that it was not meeting the community’s needs. The group released a Sneak peek of its new design via tweet.

The token recently reached an astonishing milestone of 65K holders within five weeks, and Twitter followers jumped to 30.6K.

This is the story of another coin that is making new millionaires. Let’s see what the future carries for this token and its holders.

Indian Bitcoin Exchange In Trouble For Not Paying Over $6 Million In GST

Mark Brennan
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Indian Bitcoin Exchange In Trouble For Not Paying Over $6 Million In GST

Indian Bitcoin exchange WazirX is in trouble after being caught dogging taxes.



An investigation led by CGST Mumbai Zone found an evasion of GST of Rs 49.2 crores (over $6 million), including interest and fines. CGST and Central Excise Committee recovered the funds from the crypto exchange after detecting a GST evasion of $5.43 million on the commissions. WazirX paid 0.2% GST on trades made in local currency, Rupee. However, in trades in which the trader opts for WRX coin transactions, the commission is 0.1%, and the WazirX exchange is not paying GST on this commission.

WazirX, in their defense, stated that it was a lack of clarity of regulation that led to this disaster. “There was ambiguity in the interpretation of one of the components, which led to a different calculation of the value-added tax paid. We have voluntarily paid an additional GST. There was no, and there is no intention to evade paying taxes,” the company said.

In the summer of 2021, The Indian Ministry of Finance Enforcement Office announced an investigation into WazirX. Initial reports suggest that WazirX, a Chinese company, may be involved in money laundering. However, no such finding is made as of now. CGST has now turned on the heat on all crypto exchanges in India. CoinDCX, Unocoin, Coinswitch Kuber, and BuyUCoin are also under investigation.

 

 

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