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Floki Inu (FLOKI) Break Into DeFi Via Integrating Chainlink In A Strategic Move

Zabi
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Floki Inu (FLOKI) Break Into DeFi Via Integrating Chainlink In A Strategic Move

Floki Inu (FLOKI) is gaining massive popularity this year. The coin is inspired by the founder and CEO of Tesla, Elon Musk.



Floki Inu (FLOKI) just made a public announcement via Twitter that Floki has integrated Chainlink in a strategic move to break into Defi.

In the tweet, Floki just covered the headline and has further shared the full article link posted on the medium.

The team via its medium shared the following important details about the upgrade:

  1. Chainlink Price Feeds has been integrated on the ETH & BSC blockchains.
  2. The industry-leading Decentralized Oracle Network is being used for this purpose.
  3. This integration will give Floki access to high-quality, tamper-proof price feeds needed to read an accurate on-chain price, facilitating essential integrations that will help them bring DeFi to the masses.
  4. The initial integration involves the use of the following Chainlink Price Feed: FLOKI/USD.

Moreover, Floki has announced its strategic plan to break into DeFi saying:

“Part of our strategic plan for ensuring utility and wide appeal involves providing DeFi access to FLOKI users. This will be done through smart, strategic partnerships with key industry players as well as the eventual launch of our own DeFi products as we develop the FLOKI ecosystem.”

Main Reasons Why Crypto Market Lost Billions Of Dollars In No Time, BTC, ETH, BNB, SOL, Meme Coins SHIBA, DOGE All In Red Blood

Albert Brown
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Main Reasons Why Crypto Market Lost Billions Of Dollars In No Time, BTC, ETH, BNB, SOL, Meme Coins SHIBA, DOGE All In Red Blood

The sudden bitcoin and crypto sell-off, coming alongside some serious stock market declines, follows a warning made by famed investor Louis Navellier that widely-expected Federal Reserve “tapering” could burst the bitcoin and crypto bubble.



Mr. Navellier, who’s been watching markets and picking stocks since the 90s said:

“The Fed is tapering, and this should create a correction in risk assets, of which bitcoin is a part,” Navellier wrote in comments first reported by Insider. “The more the Fed tapers, the more volatility we should see in both stocks and bonds—and yes, bitcoin, too.”

“I would take a decline below $46,000 (the 200-day moving average) to be a yellow flag and a decline below the spring low of $28,500 to be a completed massive double top which points to a decline to below $10,000, which incidentally would match many of the multiple 80%+ declines in its storied history.” 

 

Along with USA Federal “tapering” there are also different speculation related to the future of cryptocurrencies in India which is making the crypto market unstable.

Also, Evergrande Group’s under $310 billion in debt struggle to comply with official pressure to reduce debt has fueled anxiety that a possible default might trigger a financial crisis. Economists say global markets are unlikely to be affected but banks and bondholders and undeveloped markets like crypto might suffer because Beijing wants to avoid a bailout.

The latest Covid-19 variant was identified on Nov. 25 by scientists in South Africa and has since been detected in more than 20 countries, including the U.S., which reported its first case on Dec. 1st is also the cause of Global market fall.

Such uncertain marker conditions have made global crypto market capitalization witness a fall of 9.21 percent with a total market capitalization of $2.13 trillion, While the total crypto market volume is $137.47 billion according to coinmarketcap.com.

Bitcoin (BTC) was trading at $46785 with a fall of -17.500 percent in the last 24 hours.

The second-largest coin by market cap Ethereum (ETH) falls -17.34 percent in the last 24 hours and was trading at $3740. The price of Binance Coin (BNB) fell over -15.21 percent in the last 24 hours and was trading at $531. Solana (SOL) fell -21.2 percent in the last 24 hours and was at the fifth position in the coinmarketcap.com list; it was trading at a price of $182.

Meme Coins

Like mainstream coins, all major meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), Dogelon Mars (ELON), and Floki continued to fall in the last 24 hours, according to coinmarketcap.com.

Top meme coin by market value Dogecoin fell -26.3 percent in the last 24 hours and was trading at $0.1572, while Shiba Inu witnessed a fall of -20.3 percent in the last 24 hours and was trading at $0.00003244.

Dogelon Mars (ELON) has fallen by -25 percent in the last 24 hours and was trading at $0.000001001.

Floki Inu Issued Warning Message Regarding Scam Tokens Claiming To Be Created By FLOKI Developers

Zabi
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Floki Inu Issued Warning Message Regarding Scam Tokens Claiming To Be Created By FLOKI Developers

Floki Inu (FLOKI) is gaining massive popularity this year. Because of this popularity, large numbers of the scam tokens are popping up.



To tackle scams and secure investors’ money Floki Inu (FLOKI) team issued a warning message to investors via tweet. In the tweet, the Floki team made it clear to the investors that they have nothing to do with any of the scam tokens popping up every day claiming to be created by the “FLOKI dev.”

The team also said that there is only one lead developer for the project and his name is Jackie Xu. His official Twitter handle is @MrXuj.

The team further noted that the only project Jackie Xu’s working on right now is FLOKI.

 

On the other hand, Floki Inu (FLOKI) official Twitter handle just updated its followers that the Burj Khalifa display had been postponed due to unforeseen circumstances and situations outside of their control. The team also tried to convince its investors by saying, “To be clear: this issue affects not just the FLOKI display but several others.”

Nasdaq Listed Global Technology Company, BOTS, Inc. Now Accept Shiba Inu As Payment Method

Mark Brennan
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Nasdaq Listed Global Technology Company, BOTS, Inc. Now Accept Shiba Inu As Payment Method

BOTS, Inc. announced today it will begin accepting payments in the SHIBA INU (COIN: SHIB) and offers Black Friday specials on its Dogecoin entry-level miners.

Read: 1,922,165,906 SHIB Tokens Have Been Burned In November With 381 Transactions


 

BOTS, Inc. is a global technology company specialized in Blockchain-based solutions, including decentralized finance applications, cybersecurity solutions, owns a portfolio of digital assets and crypto-related businesses such as BeadSwap, a decentralized crypto exchange, Bitcoin ATM machines, and corresponding U.S. patents and Cyber Security Group LLC, an ISO/IEC 27001:2013 Information Security Management System certified company.

The company was founded on December 30, 2010, and is headquartered in San Juan, Puerto Rico.

The company offers the following services:

  • Builds and programs turnkey Bitcoin mining operations from start to finish.
  • Repairs existing systems and optimizes operations for mining insurance and backup purposes.
  • Provides franchising opportunities for Bitcoin ATM kiosks for payment applications in various settings.

Listing of SHIB from Kraken, Gemini, South Korea exchange Korbit, Singapore exchange Coinhako, Coingate making SHIB acceptable to over 500 merchants as a payment option, Gaming and tech giant Newegg, World’s Largest Theater Chain AMC adding SHIB in the first quarter of 2022 all show that SHIB is not just a meme coin, and its adoption is trending and has no stopping.

Read latest SHIB Updates Here

 

 

 

Mark Zuckerberg’s Sister Joins OKCoin To Attract More Women Into Crypto Space

Jakkk
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Mark Zuckerberg’s Sister Joins OKCoin To Attract More Women Into Crypto Space

The South Korean exchange OKCoin has hired Randy Zuckerberg, sister of Meta (Facebook) CEO Mark Zuckerberg as head of the brand’s advisory council to help attract more women to the cryptocurrency industry.



Okcoin has set a goal to reach 50% female customers by 2025. $1 million was allocated to finance the initiative.

 

The elder sister of Meta (formerly Facebook) co-founder and CEO Mark Zuckerberg is an entrepreneur, founder of the social networking site Zuckerberg Media, and author of several books. For ten years, Randy worked for her brother’s company as director of market development and as a Facebook spokesperson.

In Okcoin she will lead the council and advise OKCoin on attracting women to crypto projects, blockchain programs, and other initiatives under her leadership.

 

Zuckerberg said in a video promoting her move to Okcoin:

“Crypto and this new era of wealth creation should be open to everyone, I’ve joined Okcoin’s advisory council to support that mission and bring more women into the world of crypto.” 

Hong Fang, CEO of OKCoin said:

“Historically, women and other marginalized social groups have been isolated from the traditional financial system. Cryptocurrencies are changing this norm.”

Okcoin founded in 2013, is one of the world’s best crypto exchanges that is serving clients of more than 190 countries.

Earlier, such an initiative aimed at women and minorities was launched by the American crypto firm Circle.

Former UK Treasury Secretary Said Crypto Could Give UK Unique Edge Over European Countries After Brexit

Mark Brennan
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Former UK Treasury Secretary Said Crypto Could Give UK Unique Edge Over European Countries After Brexit

Philip Hammond, former UK Treasury Secretary argued that cryptocurrencies could give the UK a unique edge over European competitors after Brexit.



In a recent interview, he said that the UK government needs to think about using cryptocurrencies to improve the country’s financial situation.

He believes that bitcoin and crypto will be increasingly used at the macroeconomic level.

“I myself believe the momentum is now unstoppable, We should move fastly and efficiently to secure London’s position.”

Hammond stressed that it is unwise to ignore cryptocurrencies since many European countries have already begun to actively use them. He noted that Gibraltar has developed a regulatory framework that has made it possible for the country to attract companies working in the field of cryptocurrencies. For example, the Chinese exchange Huobi recently announced that it plans to move spot trading to Gibraltar.

According to Hammond, blockchain will be the backbone of the futures trading system. However, the UK authorities are neglecting the regulation of the cryptocurrency sector.

“The UK regulators are very distracted. We need to act quickly to show that blockchain is recognized and accepted by the UK. “

 

Hammond joined Digital asset company custodian Copper, as a senior advisor last month, the firm brings the worlds of traditional and decentralized finance together, a collision that Hammond believes is inevitable.

“Most institutions know that whether we like it or don’t like it – it is going to happen, It’s not something anybody running a major business in financial services can hide from.”

Economist And Vice-Chairman of Warren Buffett’s ‘Berkshire Hathaway’, Charlie Munger Said China Is Rightly Banning Digital Assets

Mark Brennan
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Economist And Vice-Chairman of Warren Buffett’s ‘Berkshire Hathaway’, Charlie Munger Said China Is Rightly Banning Digital Assets

Charlie Munger, economist, and vice-chairman of Warren Buffett’s ‘Berkshire Hathaway’ spoke against cryptocurrencies and said China is correctly banning digital assets.



At the Sohn Hearts and Minds conference, which is now taking place in Australia, Munger said while addressing Australian investors that there is some kind of madness in the investment market right now.

Mr. Munger, Mr. Buffet’s right-hand man, said the investment environment was “a little more extreme” than what he had seen in his decades of experience, and he backed China’s attempts to clamp down on “some of the exuberances” of capitalism.

“I think the dot com boom was crazier in terms of valuations than even what we have now. But overall, I consider this era even crazier than the dot-com era.”

He especially disliked the fame of cryptocurrencies:

“I will never buy cryptocurrencies and I prefer they were never invented. I think China made the right decision by simply banning them. My country is on a different, wrong path. I want to make money by selling good things to people. Believe me, the people who created cryptocurrencies did not think about users, but only about themselves and their welfare. “

Berkshire Hathaway owners Warren Buffett and Charlie Munger are frequent critics of cryptocurrencies. In February, Munger said that Bitcoin is not suitable for payments, since it is too volatile as an asset.

In Just Six Months Another Memecoin Baby Doge Coin Reached 1 Million Holders And Burned 162/420 Quadrillion BabyDoge Coins

Zabi
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0
In Just Six Months Another Memecoin Baby Doge Coin Reached 1 Million Holders And Burned 162/420 Quadrillion BabyDoge Coins

Baby Doge Coin (BabyDoge), new crypto driven by the community reaches an astonishing 1,010,000+ holders.



According to bscscan.com data, the current holder count is 1,014,957. Moreover, the top 1K ETH wallets is holding 946,873,420,114,204 BabyDoge coins worth $2,040,607 USD.

WhaleStats, which keeps an eye on the richest 1K ETH whales, confirmed this news via tweet:

BabyDogeCoin’s Official Twitter account congratulated the community on reaching 1 million holders.

 

On December 1st, 5 quadrillions of BabyDoge coins were burned. BSCscan estimates the burn to be worth up to $11.5 million dollars.

Burned Transaction can be seen at:

https://bscscan.com/tx/0x5450ef769f0e8732eb40a4db4d2cb66c6f996c57271d5247738b64cea6e516a3

Official BabyDoge Twitter account confirmed via tweet:

This burn party was arranged in celebration of 6 months birthday. So far 162/420 quadrillion has been burned.

BabyDoge official Twitter handle has posted the tweet regarding massive burn on November 29.

Can Bitcoin Make Michael Saylor The World’s First Trillionaire?

Albert Brown
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Can Bitcoin Make Michael Saylor The World’s First Trillionaire?

Can Bitcoin Make Michael Saylor world-first Trillionalirre? Isn’t that an intriguing question?



Although Michael Saylor is way behind, with just 2.6 billion dollars as net worth, he is the only one who is betting all of his stakes on Bitcoin, converting every dollar he can, hoping that BTC will become one of the currencies most used than any other.

Saylor as a trillionaire

Image source: Protos

A study by Protos tries to assess how Michael Saylor can become the world’s first trillionaire thanks to his investments in Bitcoin.

In addition to having bitcoin in his own portfolio, around 17,732 BTC, Saylor is also betting heavily on Bitcoin through his company, MicroStrategy which currently holds 121,044 BTC.

While Saylor lags far behind in the world’s first trillionaire race, with other billionaires being much closer to hitting that mark, it’s possible he will outpace several other billionaires as his company continues to buy more Bitcoin that continue to increase in value.

For Saylor to be the first trillionaire in the world he must run against time. It is expected that Musk or Bezos will become the first trillionaires before 2026.

Bitcoin aside, Saylor maintains a 23.7% stake in MicroStrategy, which roughly works out to be $1.25 billion after accounting for the company’s debt (he controls 70% of the voting power, however).

 

Proto’s report says that for Saylor to outrun all billionaires, BTC must rise to $728,600 by 2025, increasing its value by 13 times, MicroStrategy also needs to continue accumulating satoshis. To be more exact, the company needs to have 5,135,544 BTC in cash, about 42 times more than it has today, for Saylor to become the first trillionaire.

If the above conditions are met then according to the report, in 2025:

“MicroStrategy would itself boast $3.87 trillion in market value. It would likely be the largest publicly-listed company in the world.

Saylor’s stake in MicroStrategy, if left unchanged, would hit an enormous $916.9 billion.

Saylor’s personal assets, presumed to be made up of yachts, real estate, stock, and the like, were also appreciated in this time.

Overall, we calculated Saylor’s personal assets (outside of his Bitcoin and MicroStrategy shares) would be worth $75.4 billion by August 26, 2024 – up from around $326 million today.

Saylor’s Bitcoin would’ve grown to $12.9 billion. This brings his fortune beyond $1 trillion.”

Will he be able to become the world’s first trillionaire or not, but we can analyze that Saylor made a good choice so far. Michael Saylor himself said: “If I Had Chosen Gold Instead Of Bitcoin Last Year, It Would Have Been A Multi-Billion Dollar Mistake”

Read More On Michael Saylor:

Floki Inu Trending on Twitter in Anticipation of FLOKI Burj Khalifa Display Today

Zabi
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0
Floki Inu Trending on Twitter in Anticipation of FLOKI Burj Khalifa Display Today

Floki Inu (FLOKI) is right now busy in high-level marketing, trying to inspire investors.



In the recent tweet, the Floki Inu team confirms that they will be live-streaming the FLOKI Burj Khalifa display on their official Youtube channel tomorrow. They asked the followers not to miss this event. The account also shared a link to the official FLOKI youtube channel by saying, “Make sure you’re subscribed.”

 

Burj Khalifa is trending on Twitter in anticipation of FLOKI’s Burj Khalifa display tomorrow.

The Floki team told its followers via tweet that the FlokiVikings definitely don’t joke around and they got Burj Khalifa to trend on Twitter.

The team also posted a screenshot of proof that Burj Khalifa is trending right now on Twitter with above 5K tweets.

In another tweet, the Floki Inu team updated the exact time and date when Floki will go live on the Burj Khalifa.

The tweet states: “FLOKI will be going live on the Burj Khalifa by 4:40 PM UTC on Friday, December 3rd.”

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