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Users Report Solana (SOL) Network Outage, Slow Transactions Due To DDoS Attack

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On December 9, the Solana network faced a DDoS attack, but there were no comments from the Solana Team or developers.



The first tweet that mentioned that Solana was under DDoS attack was from the Blockasset NFT platform which was then deleted that said:

“We know it is taking a long time to distribute tokens. Solana is overwhelmed by a DDoS attack that has clogged the network, causing delays. “

Wu Blockchain mention that deleted tweet:

 

Infrastructure firm GenesysGo, specializing in Solana, also reported delays in processing transactions on the blockchain, but attributed this to “growth problems” and asked everyone to remain calm.

The founder of the lending platform Solend confirmed the drop in SOL transaction processing speed, but said it is “still 30 times faster than Ethereum.”

 

Verbit CEO Roy Murphy announced the global outage of Solana and said Bitcoin can solve this problem.

The Solana Foundation did not publicly acknowledge the attack.

Over the past 24 hours, the price of Solana token (SOL) has dropped 7.5%. At the time of writing, this is the largest decline among the largest cryptocurrencies by capitalization, although they are all in the red.

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As Shib Price Falls, A New Mysterious Whale Bought 8,108,189,881,576 Shiba Inu Tokens Worth $290 Million

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A new mysterious whale bought 8,108,189,881,576 SHIB Worth $290 Million. Is That Robinhood?



WhaleStats Tweet:

“Woof! Woof! New #SHIB whale was born!!! Holds 89,8,108,1881,576 $SHIB ($290,244,320 USD). Welcome to the #ShibArmy, @RobinhoodApp Is it you?”

 

Active buying among the whale community indicates that something big is ahead and they have taken an early position to enter. Does Robin Hood buy a ShibaInu bag? The mysterious and unidentified Shiba Inu whale bought a whopping 8.1 trillion Shiba Inu coins worth $290 million. The gigantic volume of purchases hints that the individual investor will not purchase such large volumes. $290 million is a huge amount and it could only be an exchange platform or a commercial organization.

At the time of publication, the price of the Shiba Inu was $0.00003492, down -4.45% in 24 hours.

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Insider Information Confirms Robinhood Will ADD Shiba Inu In January 2022

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Reports are coming that Robinhood may list Shiba Inu sometime in January 2022 or during the first quarter of 2022.



The Shiba Inu News Twitter handle, @ShibReports, was the first to reveal the Robinhood insider information. They tweeted that Robin hood will list SHIB in January 2022 or Q1.

The main reason for SHIB’s delayed listing on Robinhood is the launch of Robinhood wallet, Unless Robinhood launches their wallets it will wait and may not announce SHIB listing. Robinhood wallet program is in testing face, it will launch its wallets in the first quarter of 2022 after introducing Robinhood wallets, there are more than 100% chances that Robinhood will add SHIB so Robinhood’s December 2021 listing of SHIB is out of the question.

A source revealed that a Robinhood team held a meeting on the listing of Shiba Inu at 3:00 p.m. yesterday. The discussion was about getting SHIB on board along with 2-3 other cryptocurrencies.

 

Shiba Report further writes:

“MORE: The insider we talked to at @RobinhoodApp is a C-suite-level executive. He told us that listing $SHIB this month (December) simply isn’t realistic. But he acknowledged that January and Q1 are a strong possibility. They continue to see a ton of buzz, especially from a petition.”

 

 

The insider said the Robinhood team loved the excitement on social media, particularly from petitions. The source confirmed that there is a “strong possibility” that Robinhood will list Shiba Inu in January 2022 or the first quarter.

Robinhood has not at all any Reason To Say No To Shiba Inu after top U.S Exchanges Coinbase, Kraken, Gemini listed SHIB, it is only waiting for their wallets to go live first.

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Another Day, Another Partnership: SHIB Rival Floki Inu Officially Partnered With Turkish Football Club Fenerbahçe S.K.

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Floki Inu (FLOKI) continues its streak of partnerships with football clubs and there seems no stopping to it.



Floki Inu (FLOKI), a dog-themed meme coin, declared its official partnership with legendary Turkish football club Fenerbahçe S.K.

 

The Floki team says that Turkey has a love and passion for football. Therefore, partnering with the Turkish football club will help push FLOKI mainstream in Turkey and showcase the FLOKI brand to tens of millions of people.

According to the reports, the partnership will run through the end of the season (May 2022) and will have the FLOKI logo featured prominently on the socks of the Fenerbahçe S.K. football club.

In addition, the FLOKI brand will be displayed on the LEDs around the stadium during games and on a billboard around Fenerbahçe’s training facilities, alongside regular FLOKI shoutouts on Fenerbahçe’s massive social media platforms followed by tens of millions of people.

The Fenerbahçe partnership will help FLOKI to further establish itself as the leading cryptocurrency in Turkey. Moreover, Floki Team calls this partnership one of their strategic moves aimed at making FLOKI mainstream crypto in Europe and all around the world.

Football is the most widespread sport in Turkey by far, watched by most of the country’s 84.3 million people and deeply associated with Turkish cultural values.

Fenerbahçe is widely regarded as the football club with the most fans in Turkey.

The World Leader in Blockchain Payment Technology, Bitpay added Support for Shiba Inu (SHIB)

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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 announcement comes due to an overwhelming demand for the token.

 

The company noted that even though Shiba Inu (SHIB) started as a meme, the strong SHIBArmy along with the response from AMC and Newegg had moved SHIB to the top of the list of coins to add. The increased popularity puts SHIB in the top #15 since tracking from zero in May by market capitalization on CoinMarketCap just in time for holiday spending.

“The Shiba Inu community is passionate about its coin and serious about giving those consumers places to spend SHIB,” Stephen Pair, CEO of BitPay, said. “BitPay believes that the more community involvement from coin holders supports awareness and adoption helping to move the blockchain industry to pave the way for blockchain payments to disrupt the way consumers and businesses receive and spend funds.”

Formerly, on November 16, Adam Aron, CEO of AMCTheatres, confirmed that Bitpay has decided to support Shiba Inu specifically because he asked, so AMC could take Shiba Inu for online payments of movie tickets and concessions.

 

Further, he noted that Bitpay could take 60-120 days to add support for Shiba Inu (SHIB) and  AMC would be the first Bitpay client to accept Shiba Inu.

In response to this huge announcement by Bitpay, Shytoshi Kusama, a pseudonymous developer of Shiba Inu (SHIB) responded and said:

“A wonderful way to end the week. Thanks, BitPay. How many merchants now can accept Shiba?”

Shiba Inu (SHIB) Launching Delayed on Bitstamp Platform Due to Technical Reasons

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Bitstamp, the world’s longest-running crypto exchange since 2011, reported that they have experienced some technical problems with Shiba Inu (SHIB) listing, which would result in a longer delay with the launch.

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The exchange told its users that they would continue to post further updates about the listing.

On Wednesday, the crypto exchange announced that in the next few days, four (4) new coins will be listed on the platform, including the popular meme coin Shiba Inu (SHIB).

Besides SHIB, the three other cryptocurrencies added to the Bitstamp platform are:

  1. Perpetual Protocol (PERP)
  2. dYdX (DYDX)
  3. Gala (GALA)

The exchange further noted that users would be able to trade them against the U.S. dollar or the euro.

Users “will be able to place and cancel limit orders” on Thursday, Bitstamp detailed, adding that “Order matching will start and trades will be executed normally” on the same day. The exchange clarified:

“Once the order books gather sufficient liquidity, we will enable all order types and card purchases for the new trading pairs as well.”

However, Bitstamp noted that “for the time being, these assets will not be available to our U.S. and Singapore customers. ”

Bitstamp, via blogpost also shared the full list of new trading pairs to be added at Bitstamp:

  1. SHIB/USD
  2. SHIB/EUR
  3. DYDX/USD
  4. DYDX/EUR
  5. GALA/USD
  6. GALA/EUR
  7. PERP/USD
  8. PERP/EUR

Bitstamp passed a compliment to SHIB in their official blog post and said:

“Shib Inu (SHIB) token probably needs no introduction, and it probably wouldn’t be fair if we tried to describe it with our own words.”

PepsiCo Is Bringing Its First Ever NFT Collection On Ethereum Blockchain

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The American company PepsiCo has announced the Pepsi ‘Mic Drop ‘NFT collection on the Ethereum blockchain.



Pepsi is creating 1,893 (to mark the year Pepsi was born) unique generative-style NFTs that will go live on the Ethereum blockchain tomorrow, Friday, December 10 at 12:00 PM EST, free for users.

 

Pepsi is implementing a waitlisting process at the start of the user experience to ensure an equitable experience for consumers with more manageable gas fees and secure participation. The Pepsi Mic Drop wallet waitlist opens Friday, December 10 at 12:00 PM EST on micdrop.pepsi.com. From there:

  • On Tuesday, December 14 at 12:30 PM EST, consumers who have been waitlist-approved will be able to mint one of 1,843 Pepsi Mic Drop NFTs free of charge (not including Ethereum gas fees). Consumers should stay tuned like the 50 remaining NFTs will be held for other exciting initiatives in the near future.
  • Once a consumer is verified, the token will be minted and directly sent to their wallet.
  • Consumers will then be able to identify their exact Pepsi Mic Drop NFT and are welcome to list on OpenSea or any other third-party platform at any point by satisfying the selected platform’s terms of service.

Recently the developer and publisher of video games Ubisoft announced that it is bringing NFT gear to Ghost Recon.

Previously, Adidas announced a collaboration with Bored Ape Yacht Club, GMoney, and PunksComic.

Radio Caca: The Next Token to Revolutionize the Gaming Industry with Universal Metaverse

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What is RACA?

A decentralized organization, RACA is operated by innovative internet-native individuals all over the globe. With the vision to build a brave new virtual world for users to explore, RACA aims to revolutionize the gaming industry by becoming the first-ever 3D virtual planet. Not only is RACA the native token for Universal Metaverse and the blockchain Play-to-Earn game, Metamon, the futuristic token is also the exclusive manager of “Maye Musk Mystery Box” (MPB) NFT.

RACA Token Overview

Total Supply: 443,478,491,084

Transaction Tax: 0%

Market Cap: 989,858,335.79 USDT

Launch Date: May 2021

Coinstore Listing: 8 December 2021

Deposit Time: 7 December 2021, 14:00 (UTC+8)

Trade Time: 8 December 2021, 17:30 (UTC+8)

What is the Token Utility of RACA?

Being the native token for Metamon and Universal Metaverse, the RACA token has multiple-use cases such as:

  • Staked RACA and NFTs to earn NFTs
  • Purchasing RACA’s inaugural celebrity NFT – Maye Musk Plus Box (MPB) which grants several benefits such as airdrops, entitlements, and status
  • Purchasing USM Lands’ NFTs such as Doge State Land (MML), Bake State Land (BMM), Kiss-up State Land (KISS), etc.
  • Purchasing game characters and items such as N/R/SR/SSR rarity Metamon characters, Diamonds, Potions, and Metamon Eggs

At the time of writing, one RACA token is valued at $0.005418~ USDT, with a 24-hour trading volume of $177,990,813.24, and a rise steady of 19.90% in the last 24-hours.

A Closer Look at RACA’s Tokenomics

RACA has a total token supply of 443,478,491,084, with a transaction tax of %. More details of RACA’s tokenomics are as such:

  • 30% tokens allocated to public market investors
  • 29% tokens staked
  • 41% tokens bought back and burned
  • 45% tokens allocated to treasury (NFT sales and game income)
  • 00% tokens designated to future investors
  • 00% tokens assigned to the team
  • 00% tokens allocated to marketing operations
  • 00% tokens divided amongst eco partners
  • 00% tokens distributed to special NFT BMM Farming
  • 34% tokens allocated to LP Pools
  • 10% allocated to SAFT 1

RACA does not charge tax for any transaction.

RACA’s Roadmap

In its drive to revolutionize the gaming industry, RACA has mapped out several fascinating milestones in their roadmap. Here is a look at what goals they plan to achieve:

  1. Integrate Metamon and the NFT marketplace into the USM ecosystem, and have the beta version of USM launched before the end of 2021.
  2. Launch the USM Chain Mainnet by June 2022 to be able to meet the requirements of large-scale blockchain applications.

RACA’s Official Channels

Website: https://www.radiocaca.com/#/whitepaper

Telegram: https://t.me/RadioCaca

Twitter: https://twitter.com/RadioCacaNFT

Medium: https://radiocaca.medium.com/

Get RACA on Coinstore: https://www.coinstore.com/#/spot/RACAUSDT

Download the Coinstore app: https://www.coinstore.com

About Coinstore

Coinstore’s goal is to advance the crypto industry to the next level and provide access to popular digital assets to the mainstream public. Encompassing a whole new concept of “fun” in finance, Coinstore also aims to equip our users with experience and techniques to buy, sell and trade on the go. Still in its up-and-coming stages, Coinstore welcomes community members and interested influencer partners to join us for collaborations.

Media Contact:

Charles Tan, Marketing Head, Coinstore

charles@coinstore.com

Liu Yi Yun, Branding Executive, Coinstore

yiyun@coinstore.com

Coinstore Social Media:

Twitter: https://twitter.com/coinstore_en

Telegram Discussion Group:https://t.me/coinstore_english

Telegram Announcement Channel:https://t.me/coinstore_global

Facebook: https://www.facebook.com/coinstore.en/

Website: https://www.coinstore.com

Discord: https://discord.gg/KKHtHa4KPX

Instagram: https://instagram.com/coinstore_exchange

Youtube: https://www.youtube.com/channel/UCHu0m61HHuDftQVE_0jHaYA/videos

 

What is a Blockchain Social Network

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Before we go any further, you need to first understand the basics of blockchain technology. Think of a blockchain as a database. However, in this case, a blockchain is a distributed database that operates on various computers in a network.

Blockchain is the underline tech on which crypto coins operate. The technology helps keep crypto transactions safe and decentralized. Ideally, blockchain systems help create trust and security in crypto transactions without involving any third-party entities.

If you’re new to crypto, understanding what a blockchain is and how it operates is very important. This article will help you understand how a blockchain works. We will also share some of the key benefits of blockchain systems.

How a Blockchain Works

In databases, records are stored in tables. However, in a blockchain, data is grouped to form a block. The blocks are later joined to one another to form what is referred to as a blockchain. The blocks have different storage capacities, and once full, they are closed and added to the blockchain.

As mentioned before, a blockchain is a distributed database. Each transaction on a crypto network is always sent to various computers for verification. Once the transaction has been deemed valid, it is joined to other verified transactions to form a block. 

All verified transactions on a blockchain are encrypted before being big stored. The transactions saved on a blockchain are immutable and no one on the network can delete or change the contents. In addition, anyone on the network can view saved transactions. You can click this for more information on how a blockchain works.

Benefits of Blockchain Technology

When developers were brainstorming on how to create decentralized currencies, one issue that kept cropping up was how to keep the system secure. The developers didn’t want to have a central entity controlling how the crypto coins operated.

Blockchain technology was first implemented when Bitcoin was made public. Its success led to the creation of other crypto coins, NFTs, and DeFi (decentralized finance) systems. Decentralized systems were meant to be the watchdogs that ensured the validity of blockchain data.

All transactions on the blockchain network are transparent. As such, each computer in the network has a copy of all the transactions that have happened on the network. Crypto owners can track the history of their coins over time. 

The system can also keep track of stolen crypto coins. There have been instances where major crypto exchange platforms have been hacked and their crypto assets were stolen. The stolen crypto is always marked, and if the hackers try to make a transaction using the stolen coins, it will always be flagged down on the system.

Bottom Line 

Blockchain technology has led to the creation of more tech products. Some of its top benefits are security and transparency. Nowadays, developers are adding blockchain tech to develop tools that don’t require third-party verification.

Transactions occurring on the blockchain network are encrypted, thus making it difficult for anyone to tamper with it. Decentralized systems give users power over their data and assets. 

 

WhatsApp Adds Crypto As Payment Method For United States Users

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In an unexpected turn of events, WhatsApp decided to launch a cryptocurrency payment feature for limited users.



 

Stephane Kasriel leading Novi Digital wallet said:

 

This feature is currently only available in the United States and is made possible by the integration of Novi, which is a digital wallet service owned by Meta (Facebook).

How It Works:

When you add money to your Novi account, it will be converted to USDP (Pax Dollar), a stable digital currency issued by Paxos Trust Company, a regulated financial institution. USDP is designed to have a stable value relative to the US dollar. So on Novi, 1 USDP is equal to 1 US dollar. The pilot program will allow WhatsApp users to send and receive money instantly, securely, and without fees.

You can securely keep a balance in your Novi account or transfer it to a bank account.

  • Start using Novi on WhatsApp.
  • In WhatsApp, find the contact you’d like to send money to and open your chat.
  • Tap the paper clip icon on Android or the + icon on iOS.
  • Select “Payment” in the menu.
  • Follow on-screen instructions to log into your Novi account or create a new one.
  • Start sending and receiving money!

 

For More Details Visit: https://www.novi.com/WhatsApp