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Alexis Ohanian’s Seven Seven Six Announced its $200 Million Joint Initiative with Polygon with Mission to Explore Better Ways for Humans to Connect Online

Zabi
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Alexis Ohanian’s Seven Seven Six declared its $200 million joint initiative with Polygon with plans to explore better ways for humans to virtually connect by backing projects that are building with social media and Web3 in mind.

“We are still in the early days of Web3 and the most obvious opportunities right now are in gaming and social,” said Ohanian, in a statement. “This initiative will do just that, with a focus on gaming properties and social media platforms built on Polygon’s scalable infrastructure. We’ve already seen some of the best product founders in our portfolio start building on Polygon and I’m excited for Seven Seven Six and Polygon to play a big role in shaping what the new internet looks like.”

The press release regarding this partnership was provided to VentureBeat, the leading media authority in artificial intelligence and machine learning.

According to the release,

“Polygon has mission is to offer a wide range of secure, fast, affordable, and energy-efficient Ethereum scaling and infrastructure solutions for developers, empowering them to build Web3 applications for the world.

Ohanian co-founded Reddit in 2005 at the dawn of social networking. He left in 2010 and returned as executive chairman in 2014 to lead a turnaround before resigning in 2020. He co-founded Initialized Capital in 2010 and was a seed investor in Coinbase, Instacart, Opendoor, GOAT, Patreon, Flexport, Ro, Papa, and more. He is also an outspoken advocate for the open internet and equity and an active supporter of minority and women-owned businesses.”

For Shiba Inu To Grow These Three Main Things Must Happen

Zabi
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For Shiba Inu To Grow These Three Main Things Must Happen

Canadian online medical service provider, Ask the Doctor provided some points for Shib to grow as the company is fully committed to promoting Shiba Inu.



Ask the Doctor recently said that Shiba Inu (SHIB) needs the following three things to grow.

  1. Continued partnerships for utility.
  2. Transaction costs must be significantly lowered.
  3. Supply must be reduced with a continuous burn.

Keeping these three points in mind, Ask the Doctor has already accepted Shiba Inu (SHIB) token as a form of payment and is currently busy burning SHIB supply through various methods.

On December 16, the company launched STEPS Shiba Inu (SHIB) T-Shirts sale and said 100% of the profits earned will be utilized for Shib burn. 

Ask the Doctor further clarified that the company is earning approximately $11-14 profit from the sale of each shirt and this whole profit will be used for the token burn. The company requested its followers to promote the burning of SHIB by wearing a T-Shirt.

Latter the company also decided to add STEPS face masks along with T-Shirts.

 

Recently, Ask the Doctor, shared its plan to launch the “STEPS” app, with a mission to burn a set number (TBD) of Shiba Inu (SHIB) tokens on every 10,000 steps a user completes.

The company while providing the latest updates on the app said that they have just completed the final wireframes. Now, they are hiring a development team for both ios/Android by this weekend.

Inspired from the Shiba Inu’s strong community, the company recently changed its profile picture to Shiba Inu logo and also challenged its followers to change their profile pictures to SHIB, until Shiba Inu (SHIB) hits 0.0001, With 2 Billion Shib Burn Promise.

Justin Sun Quits As Tron CEO, TRON Foundation To Dissolve On July 25, 2022

Mark Brennan
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Justin Sun Quits As Tron CEO, TRON Foundation To Dissolve On July 25, 2022

Justin Sun steps down as CEO of the Tron Foundation.


 

Sun is stepping down as TRON CEO because he is preparing is to serve the government of Grenada as its new full-time ambassador to the World Trade Organization.

The TRON Foundation is also set to dissolve on July 25, 2022.

Sun further said:

“Foundation has settled to dissolve itself on July 25, 2021. The “justinsuntron,” “BitTorrent,” and “µTorrent,” have officially withdrawn from TRON representatives. Instead, the entire TRON network is now run by 27 SRs hosted by the community.

Today, the overall market value of the blockchain industry has reached $2.2 trillion. Against this backdrop, I believe the next milestone for the whole industry is to establish a more harmonized relationship with international regulatory jurisdictions.

I have accepted the invitation and appointment of the Grenadian government to officially serve as the Ambassador, Permanent Representative of Grenada the WTO in Geneva, Switzerland, fighting for the interests of developing countries and promoting blockchain.

Undoubtedly, the World Trade Organization’s recognition of blockchain technology’s value is of vital importance to our industry. And Grenada is also a critical member of the Organization of Eastern Caribbean States, of the Commonwealth of Nations, of the United Nations, etc.

I do not doubt that TRON has embarked on a new phase of true decentralization. In the new era, blockchain technology will enable a decentralized financial infrastructure for all people! So let us embrace the future together!”

 

According to Sun, he is not leaving the project altogether, but “rather stepping down as active leader”.

 

Sun confirmed that it isn’t a paid role, and added that one of his goals is to represent and make blockchain mainstream by bringing it to the global political arena via WTO.

Read Justin Sun Open Letter On: https://tronfoundation.medium.com/justin-suns-open-letter-to-the-community-on-tron-s-decentralization-and-his-personal-journey-853990c3d978

Which Cryptos To Mine For 2022? Doge, XMR, LTC, ZEC Or RVN?

Mark Brennan
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Which Cryptos To Mine For 2022? Doge, XMR, LTC, ZEC Or RVN?

Just last month, a brother-sister duo grabbed headlines for earning nearly a whopping $160,000 mining various cryptocurrencies. What was even more remarkable was that this amount was earned in around 7 months. That’s an earning of almost $23,000 per month, which translates to an hourly rate of $144 (assuming a typical 40-hour week). That is close to 20 times the federal minimum wage of $7.25.

If your jaw dropped with that math, here’s another piece of trivia. The duo, based in North Texas, were kids. Ishaan Thakur is just 14 years, and his sister Aanya is 9 years old. So, if anyone told you crypto mining is not child’s play, they need to revisit their statement!

In an interview with CNBC, Ishaan said that they had configured their computers to scan for the most profitable cryptos. Apart from Bitcoin and Ether, several other cryptocurrencies have come into the limelight. Before you begin, you will need appropriate hardware, which should be purchased after checking the hash rate.

Here’s a look at some of the most interesting cryptos to mine to position yourself well for 2022. The market data for all coins, namely market capitalization, circulating supply, and price, is as of December 14, 2021.

Dogecoin

Ticker: DOGE

Market Cap: $21.9 billion

Circulating Supply: 133 billion

Price: 16 cents

About Dogecoin Mining

This coin started out based on a meme. It gained immense popularity after Elon Musk tweeted about using it to fund SpaceX. Dogecoin is designed for miners to add new coins every year, as opposed to Bitcoin, which is said to have a finite supply.

Dogecoin has the same protocol as Bitcoin, which is called proof-of-work. However, Dogecoin relies is based on an algorithm known as Scrypt, which is far less complex than mining on Bitcoin’s algorithm. Dogecoin was less than a quarter of a cent in mid-December 2020 and has added a whopping 1,900% in a span of 12 months.

Monero

Ticker: XMR

Market Cap: $3.48 billion

Circulating Supply: 3 million

Price: $186.78

About Monero Mining

Monero, which has the world’s third-largest crypto developer community, has been designed to be mined with a powerful home computer. Launched in 2014, this coin’s protocol is based on CryptoNote.

Monero’s vast developer community is a huge advantage for miners, since they can find numerous resources – guides, tutorials, tips, FAQs, and extensive documentation, which can be referenced to quickly learn and get your feet off the ground.

Litecoin

Ticker: LTC

Market Cap: $10.25 billion

Circulating Supply: 69 billion

Price: $148.38

About Litecoin Mining

Litecoin was launched in October 2011 by a software engineer who worked at Google at that time. Charlie Lee intended to create a digital currency that could scale more easily than Bitcoin.

Litecoin is also a proof-of-work cryptocurrency. Like Monero, it has several great guides and tutorials for mining available online. There are some active forums that you can join to learn about the nitty-gritties of Litecoin mining.

Zcash

Ticker: ZEC

Market Cap: $3.48 billion

Circulating Supply: 3 million

Price: $151.36

About Zcash Mining

Zcash has many similarities with Bitcoin. To begin with, it is based on Bitcoin’s codebase and has a finite total supply, which has been fixed at 21 million units. Its mining algorithm is based on proof of work.

This coin was first mined in October 2016 and witnessed huge demand the moment it was launched. Just a year back Zcash was less than $65 and has more than doubled in just 12 months. That’s a growth of 100%.

Ravencoin

Ticker: RVN

Market Cap: $848 million

Circulating Supply: 10.3 billion

Price: 8 cents

About Ravencoin Mining

Ravencoin was launched in 2018 by Medici Ventures, a subsidiary of the popular ecommerce company Overstock.com. In fact, Overstock.com was among the first major companies to begin accepting Bitcoin as payment for purchasing designer brands sold at its ecommerce store.

Ravencoin is a fork of the Bitcoin code. It is mined using a new mining algorithm, known as KAWPOW, which facilitates decentralized mining.

These are only a few of the coins that can be mined and show potential of growth in the future. Among other such cryptocurrencies are Haven Protocol, Monacoin, Ethereum Classic, Bytecoin, Beam, Grin, Vertcoin, Garlicoin, and many more. You should be aware of the market price trends of the cryptocurrencies you wish to mine.

 

IMF Chief Economist Said Banning Crypto Is Not A Solution, Advocates Regulating Cryptocurrencies

Mark Brennan
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IMF Chief Economist Said Banning Crypto Is Not A Solution, Advocates Regulating Cryptocurrencies

IMF chief economist says crypto should be regulated rather than banned.



The Economic Time Reports, IMF chief economist Gita Gopinath at the NCAER conference said that If cryptos are banned, countries will lose control of the industry, so digital assets should be regulated rather than a complete ban.

According to her, banning digital assets may not work:

“Regulating crypto assets and currencies are essential, especially for emerging and developing economies, as banning them may not work as crypto exchanges are located offshore, which makes it easier for an individual to trade in them despite the ban.”

She stressed that no individual country can solve the problem alone as cryptos involve complex cross-border transactions:

“There is a need for a global policy on it urgently, Cryptos pose problems as usually emerging and developing economies have exchange rate controls, capital controls, and capital flow measures. Crypto assets and currencies can be used to evade those regulations.”

Recently in an interview with CNBC, Gopinath also stated that digital assets are not a global threat to the world economy at the moment but in her opinion, giving them the status of legal tender can be an ample mistake.

IMF comments come at a time when both India and Russia are trying to ban cryptocurrencies. The Economic time reported that the Indian government can ban the use of cryptocurrencies as payments but will allow them to be traded and held as assets like stocks, gold, or bonds. On the Russian side, the Central Bank of Russia is considering a “complete rejection” of all cryptocurrencies.

In December, IMF announced that Gopnat would replace Jeffrey Okamoto as First Deputy Managing Director. She will become the first woman to occupy this chair.

Earlier, the IMF expressed some serious concerns over El Salvador’s Bitcoin adoption.

VR World® NYC Adds Shiba Inu As Payment Method Via Bitpay, UK Indoex Exchange Also Confirm SHIB Listing

Albert Brown
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VR World® NYC Adds Shiba Inu As Payment Method Via Bitpay, UK Indoex Exchange Also Confirm SHIB Listing

VR World the largest virtual reality club located in both South and North America with HQ in New York added support for Shiba Inu.



Virtual Reality World will now accept Shiba Inu as payment through BitPay. VR World is active in the NFT space and also hosted an afterparty at the NFT conference in New York in November.

Leo Tsimmer, CEO of VR World® said:

“After VR World hosted the official afterparty for NFT NYC conference last month, it became clear to us – cryptocurrency has entered everyday life, With our business of mixed reality location-based entertainment is a natural fit to digital art, gaming, esports, and all things in crypto-universe, it was only a matter of time when we would offer our corporate and retail customers another way to transact. We expect a cryptocurrency to play a major role in our operations. We Confirm accepting payments using cryptocurrencies like BTC, BCH, SHIB, ETH, LTC, WBTC, and stable coins BUSD, DAI, GUSD, USDP, and USDC via Bitpay.

The United Kingdom crypto trading exchange IndoEx has confirmed that it will list Shiba Inu on its platform. IndoEx, however, did not provide a specific timeframe for SHIB’s listing, but said it was “an upcoming listing”.

 

In December 2021 alone, more than 15 different companies and stores accepted SHIB as a method of payment. Big names are Flexa, Bitpay, New York’s luxury sunglasses company Nerdy Frames, Travala, Playside Studios, BOTS, Newegg, Kraken, and Brazil’s Mercado Bitcoin.

On Dec 11, Flexa, the global leader in pure-digital payments, officially declared via tweet that Shiba Inu Token can now be used for fast and fraud-proof payments anywhere Flexa is accepted—including more than 40,000 stores across the US.

On Dec 9th, Bitpay, the world leader in blockchain payment technology, officially declared that they have added support to Shiba Inu (SHIB) token. This support means now clients can buy, store, swap, and spend with this Ethereum ERC-20 token directly on the BitPay app.

The support of Flexa and Bitpay is making it possible for thousands of businesses to accept shib as a payment.

Terra (LUNA) Price Rose More Than 20% After Kraken Listing

Zabi
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Terra (LUNA) Price Rose More Than 20% After Kraken Listing

Terra (LUNA) price jumped more than 20% soon after trading becomes live on Kraken, a top United States-based cryptocurrency exchange.


Kraken first announced the LUNA listing on Dec 15th, opening deposits. Trading became live on DEC 16th.

 

The Kraken exchange told its user via blog post that LUNA is available for trading against USD and EUR.

The exchange also made clear that the services available for LUNA include Kraken and Kraken Terminal, whereas Kraken Futures and Margin Trading is currently not available.

The exchange further mentioned it plans to list more assets in the coming few days, but the company’s policy is not to disclose any details until shortly before launch, not even which assets they are considering.

Terra is a protocol for algorithmic stablecoins that aims to rebuild legacy financial rails in a decentralized environment. It ​​blends the price stability of fiat currencies with the censorship-resistance of cryptocurrencies to offer fast and affordable settlements.

Where Will Be Binance New Global Headquarter? Let’s Find Out

Jakkk
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Where Will Be Binance New Global Headquarter? Let’s Find Out

The world’s biggest crypto exchange by volume, Binance, is searching for a new global headquarters.



In recent months, Binance’s relationship with governments and regulatory agencies around the world has not been easy. European countries have placed Binance under surveillance and some banks have even banned customers from sending money to the exchange. In Asia, the Binance halted operations for Singapore customers as the country government did not facilitate Binance.

In recent months, CZ has confirmed that Binance will have regional offices in several countries, along with a headquarter in one specific country.

In November, CZ informed that he could choose France as Binance HQ, but there were also rumors indicating that Ireland might be the right country for the exchange.

Now the question is which country will become Binance headquarters, where exchange can perform all crypto activities in accordance with the law. The latest rumors are Dubai can become Binance HQ.

According to Bussiness Time, there are indications that Binance will soon sign a memorandum of understanding (MOU) with the Government of Dubai, which could make Dubai, Binance headquarters, the country where CZ already has an apartment. If confirmed, the mystery would come to an end, but complete details have not been revealed and it is still unclear whether this will be the global or regional headquarters.

Dubai is a country that is studying ways to regulate and combat crypto frauds. Local police are educated with technical components of crypto to protect citizens.

It is not clear what facilities this territory can offer Binance, which is moving closer and closer to a formal announcement of its global headquarters to further calm regulators.

A Year Ago On This Day Crypto Community Celebrated When Bitcoin Crossed 20K After 3 Years Of Bear Market

Mark Brennan
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A Year Ago On This Day Crypto Community Celebrated When Bitcoin Crossed 20K After 3 Years Of Bear Market

Exactly a year ago, on December 17, 2020, the cryptocurrency market was celebrating when Bitcoin (BTC) reached its all-time high crossing $20,000.



Bitcoin price reached $23,447 making a new all-time high on 17th December 2020.

Today a year after this historic milestone, the price of BTC is trading at $47592. Bitcoin made an all-time high of $66947 on 10th November 2021 increasing 237% in one year.

The year 2021 was remarkable for crypto. Bitcoin made its first all-time high of $63,510 on April 13, while the second $66947 occurred on November 10, both in 2021.

On this day one year ago:

  • BTC = $23,477
  • ETH = $638
  • XRP= $0.55
  • LTC= $114
  • BCH= $348
  • XLM= $0.177
  • BNB = $34
  • DOT= $4.9
  • ADA = $0.16
  • TRX= $0.03
  • CRO = $0.066
  • SHIB = $0.0000000001
  • SOL = $1.68
  • SAND = $0.0489
  • DOGE = $0.004
  • MATIC = $0.0190
  • VeChain = $0.016

 

historical price data
image source: https://coinmarketcap.com/

 

Below are some stats for 2021:

  • The total market cap made an all-time high reaching 2.8 trillion in Nov increasing by more than 4x as compared to 2020.
  • Bitcoin market cap reached $1.6 Trillion.
  • Daily active Bitcoin addresses tripled in 2021.
  • The number of Bitcoin addresses holding at least 0.01BTC grew by over 1000K.
  • The number of institutional clients on Binance increased by 86%.
  • The all-time high 24-hour trading volume in 2021 on Binance was over $100 billion USDT.

BitGo Leader In Digital Asset Financial Services With $64B In Assets Under Custody Added Support For Avalanche (AVAX)

Zabi
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BitGo Leader In Digital Asset Financial Services With $64B In Assets Under Custody Added Support For Avalanche (AVAX)

Avalanche (AVAX) is now available to Bitgo Global Clients.



It’s supposed to be a game-changing move for Avalanche as BitGo is the leader in digital asset financial services, providing institutional investors with liquidity, custody, and security solutions with over $64B in assets under custody. Moreover, BitGo processes approximately 20% of all global Bitcoin transactions and supports over 400 coins and tokens.

Later, BitGo, the leader in digital asset financial services, confirmed the news via responding to AVAX tweet.

 

Mike Belshe, CEO of BitGo said:

“BitGo is excited to provide our institutional client’s access and safe custody to Avalanche as we see the strong demand for a more efficient DeFi ecosystem, Institutional custody is not the same as retail custody and BitGo wallets and custody were designed from the ground up to meet the needs of institutional investors, and BitGo is the only independent qualified custodian focused on building the right market structure and facilities to enable institutions to enter the digital asset space with confidence.”

 

John Wu, President of Ava Labs said:

“BitGo has a demonstrated track record of being a vital partner for institutions and their clients to not only securely hold digital assets, but have the confidence to become significant participants in the blockchain ecosystem, As institutional and enterprise interest in Avalanche continues to accelerate, BitGo will play a vital role in expanding access to this segment and supporting the community of builders on the platform.”

The adoption of AVAX is picking up momentum. On Dec. 14, Circle launched support for its native coin USD Coin (USDC) on Avalanche.

DeFi Kingdoms, the NFT-driven GameFi player challenging Axie Infinity, is preparing to launch on Avalanche soon.

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