Tapswap Announces Major Change in Fresh Update Ahead of May 30, Gets Nigerians Worried

Legit.ng has learnt that Tapswap will not launch on the Solana blockchain as initially intended.

This was confirmed in a fresh release by Tapswap on Monday, May 27, via its verified X handle.

Tapswap to be launched on different blockchain Tapswap revealed its community has grown to 28 million members, a towering figure that beat their expectations and forced them to make significant changes ahead of the launch date.

While noting that the changes are all positive to accommodate the large Tapswap community, Tapswap maintained that it was necessary. However, Tapswap has yet to announce the new blockchain it will be launching.

"...Dear TapSwappers, "We are thrilled to announce that our community has grown to an incredible 28 million members! Your support and enthusiasm have exceeded even our highest expectations, prompting us to make significant changes to our project.

"These changes are all positive and necessary to accommodate our massive community. One of the major updates is that we will launch our token on a different blockchain instead of Solana.

"We will announce the name of the new blockchain shortly, and we promise it will be huge! Stay tuned for more exciting updates!" Tapswap wrote on X.

Crypto experts react to Tapswap update Reacting to the development on X, Tola Joseph Fadugbagbe, a crypto expert, expressed concern that the high gas fee would discourage people from claiming their airdrops if Tapswap decides to launch on Ethereum. He wrote:

"Breaking News!

"#TapSwap will launch on a different #Blockchain instead of #Solana.
"Imagine they decide to launch on #Ethereum? #Eth gas ⛽️ fee will discourage many from claiming their airdrop allocations ." Speaking with Legit.ng, Obani Ebenezer Nwokoma, a crypto expert, described Tapswap's update as a good development for most people and explained why. In his words: "It should be good news to most people because many are still finding it difficult to link the recommended wallet to Tapswap.

"How Can I Withdraw From Tapswap?" Man Using Auto Click Hits 5.8 Million Coins, Flaunts it Proudly

A man who is one of those mining coins on Tapswap shared how many coins he has accumulated. He posted a video on TikTok proudly showing people that he now has 5.8 million coins.

Tapswap went viral online as it was revealed that repeatedly tapping on the Telegram bot helps one accumulate coins. Although yet to be listed, many young people on social media have taken the tapping very seriously.

Many of them have been seen repeatedly tapping their phones with the hope that they will cash out money in no distant future. Man uses auto clicker on Tapswap The crypto miner, @earnwithromeo118, mentioned that he was using an auto clicker to tap and mine coins on Tapswap. He shared on TikTok: "The power of auto clicker on Tapswap. More details coming." But speaking to Legit.ng, Fidelis Ozuawala, a cryptocurrency expert at Watutors, said there was no guarantee millions of taps would be exchanged for plenty of money since the tokens could be trimmed down and some disqualified due to bot activities.

He said: "No! Even your millions of tokens might be pegged to a ratio to reduce the quantity, e.g. 1:1000, where 6 million tokens become 6,000. Certain airdrops do this to reduce the quantity of tokens that are sent to an exchange, but the value remains the same. For airdrops and estimates, it all boils down to how much the team is willing to share across board. And they share this evenly across all participants depending on how many tokens they have. From there, the price per coin can now be made available."

One TikTok user, Chungkang reacted to the video asking how he could withdraw money from Tapswap:

"How can I withdraw the money?"

Is Tapswap real? Meanwhile, a Nigerian lady said she decided to start coin mining on Tapswap so that she would benefit if it paid participants. Ose Sweet said when Notcoin started, people rushed to mine coins on the app, but she refused to participate.
#EarnFreeCrypto2024

*Breaking News: Top 5 Ways to Earn Free Cryptocurrency Revealed!*

In an exciting development, cryptocurrency enthusiasts have uncovered five innovative ways to earn free cryptocurrency without incurring significant costs. These methods have been gaining traction in the cryptocurrency community, offering individuals a chance to accumulate digital assets without breaking the bank.

1. *Crypto Faucets*: Websites that give away small amounts of cryptocurrency for free, usually in exchange for completing simple tasks or solving captchas.

2. *Airdrops*: Projects distribute free tokens to promote their cryptocurrency, often requiring social media sharing or joining a community.

3. *Mining Games*: Play games that reward cryptocurrency for playing, like puzzle games or adventure games.

4. *Referral Programs*: Invite friends to join cryptocurrency exchanges or wallets and earn rewards in cryptocurrency.

5. *Bounty Programs*: Complete small tasks, like translating documents or reporting bugs, to earn cryptocurrency rewards.

Remember, these methods typically offer small amounts of cryptocurrency, and their value may fluctuate. Always research and understand the terms and conditions before participating. You can earn cryptocurrency through converting your coin , fellow me for more update…
#EarnFreeCrypto2024

"When is Tapswap Going to Pay?" Lady Sleeps Off With Phone in Her Hands While Tapping Tapswap

A Nigerian lady is busy doing Tapswap to the extent that she dozed off while still tapping her phone. In a video trending on TikTok, the lady was busy tapping, but it was clear that there was sleep lurking around.

The video posted by @hooneywealthbaby shows that the lady refused to allow sleep to deter her. She continued tapping and also urged her followers to join the tapping game, which has sent many young people into a frenzy.

When is Tapswap going to pay? Many people in the comment section of the video asked when those tapping are going to receive money. Legit.ng asked Fidelis Ozuawala, a cryptocurrency expert at Waptutors, the question. He explained that Tapswap has yet to be listed, not to mention a payment date. He advised tappers to expert some dollars but to keep their expectations low. His words:

"Expect some free dollars but keep your hopes low. No project guarantees you a massive release, especially when they are not already in talks with big exchanges. Funny enough, if it manages to launch on an exchange, expect the price to tank immediately as more people will be drawn to sell, and this shrinks the liquidity; it's free money; it could come or not, and if it does fine, if not fine."

Why Tapswap is not opening Meanwhile, a lady said there was no need to fret if Tapswap refused to open at the moment, noting that it was a general issue. She was responding to many complaints by people who were mining Tapswap and hoping to cash out. Her update about Tapswap was corroborated in the Tapswap Telegram community, where it was disclosed that maintenance was underway.

Tapswap: Man Explains Why Some Nigerians Will Not Earn Any Money despite 'Tapping' on Telegram

A Nigerian man, Michael John, has said not every person mining Tapswap on Telegram would earn in the coming weeks.

Participation in Tapswap mining surged following the success of the recently launched crypto project Notcoin.

In Nigeria, there is a Tapswap craze as people look to profit from the Telegram-based crypto project when it is launched, but Michael thought some people would mine in vain.

Why some Nigerians won't earn from Tapswap In a Facebook post, Michael stated that many emergency crypto enthusiasts ventured into Tapswap with little or no experience with crypto wallets or generating wallet addresses.

He added that when they eventually fail to earn from Tapswap, they would turn around and tag cryptocurrency a scam. His Facebook post in part: "...Before you tag it bad belly, please ask those newbie that joined the bandwagon of Airdrops because of the incomplete stories they heard About #NOTCOIN and you will be amazed by your discovery. "I love the Nigeria spirit, but as some point that spirit or drive, needs to tamed to not just venture into any of form of money-making activities with little or no experience.
"These newbies as they are called, know little or nothing about Wallets, DEX, CEX and how to generate your wallet address but they want to cash out from #Tapswap .

Crypto expert advice for Tapswap miners Shedding light on some pitfalls that could cost Tapswap miners from earning, crypto expert Obani Ebenezer Nwokoma told Legit.ng: "I will say this once to mostly people using an external auto clicker, that is, the automatic clicker people download from their Playstore store or Apple store that helps them mine: They should minimize the use of it because if what happened in Notcoin should repeat itself, many won't get anything from it. "Why do I say so?! Well, during the evaluation process in Notcoin, a few days before launch, their system discovered an irregular clicking pattern (I would have say) on their profile and counted as a robot….

Why Mark Cuban says Mastering AI Will Be the Key To Building Your Wealth

Winston Churchill famously said, “A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”

Likewise, the ability to identify patterns and spot trends helps people become wealthy. It has helped Mark Cuban, the billionaire who has made several successful investments on the TV show Shark Tank.

At the 2017 SXSW Conference in Austin, Texas, Cuban predicted that “the world’s first trillionaires are going to come from somebody who masters AI and all its derivatives and applies it in ways we never thought of.”

This was well before OpenAI’s ChatGPT came onto the scene and a full seven years before Google began presenting AI-generated search responses. Yet while Jeff Bezos and Elon Musk remain likely candidates to become the world’s first trillionaires, Cuban presented the possibility that a new leader could emerge from the shadows with AI innovations.

Both Bezos and Musk incorporate AI into their ventures, but an entrepreneur with an eye on new AI applications could overtake both. And you don’t have to be a tech genius to capitalize on investments in AI, either. You can invest in startups with potential, whether in the field of AI or other industries.

Mark Cuban invests in companies in a variety of fields, according to MarkCubanCompanies.com. AI companies include tickerAI, an AI-driven, personalized financial market new aggregator, Samaya AI, a knowledge discovery platform, and Dirt, an emotional analytics platform.

As reported by Inc.com, Mark Cuban’s AngelList profile states, “I invest in companies that I think are compelling, differentiated, and run by motivated entrepreneurs.”

Even if you don’t have billions to invest, you can get started on a platform like Fundrise, where you can invest in technology and AI-powered companies before they go public with a starting deposit as low as $10.

#Write&Earn

Youths Hit Jackpot With Notcoin In Crypto Trading

The Nigerian social media landscape has been abuzz with excitement as countless young people shared their newfound wealth from trading and mining Notcoin, a burgeoning…

Screenshots flooded platforms like Facebook and Twitter (now X), showcasing substantial earnings in US dollars. The testimonials came as a rewarding journey many had embarked upon, having started their trading activities just some months earlier.

Notcoin (NOT), a play-to-earn cryptocurrency, recently surged in popularity, breaking into the top 10 cryptocurrencies by daily trading volume. Its listing on major centralised exchanges, such as Binance and OKX, on May 16, marked a significant milestone.

The coin’s trading volume skyrocketed, exceeding $1.4 billion within 24 hours and securing the eighth position among the most traded cryptocurrencies.

Despite an initial price dip from $0.02156 to $0.006618, Notcoin’s market capitalization surged to $1 billion within minutes of its launch, although it has since stabilized at around $697 million. This robust performance places Notcoin at the 107th position among the largest crypto assets, reflecting its substantial market presence.

Notcoin’s mechanics

Notcoin operates as a unique play-to-earn game within the Telegram app, where users can mine Notcoins by interacting with a mini-app. This model eliminates the typical complexities of crypto transactions, making it accessible to anyone with a Telegram account.

The game’s simplicity and the incentive of earning bonuses through referrals have attracted over 35 million players, with peaks of six million daily active users.

The integration with Telegram has been pivotal to Notcoin’s rapid growth. Utilizing the Telegram Open Network (TON) blockchain, Notcoin ensures seamless transactions and a user-friendly experience, leveraging Telegram’s extensive infrastructure.

Community and economic impact

The excitement around Notcoin extends beyond individual earnings. Telegram founder Pavel Durov recently praised Notcoin’s success…#Write&Earn

Tapswap Coin Price in Naira: Here’s the Latest Update

In this article, we’ll delve into the Tapswap coin, its price in Naira, and answer some of the most frequently asked questions about this intriguing asset.

What is Tapswap Coin?

Tapswap is a DeFi token on the Solana blockchain, designed to offer low transaction fees and high throughput. It’s not just a trading platform but a complete ecosystem where users can mine, stake, and participate in governance, shaping the platform’s future.

Current Price of Tapswap Coin in Naira

As of the latest data, the price of Tapswap coin (TAP) in Naira is approximately NGN 1.51 per TAP. This exchange rate is subject to change due to market fluctuations, so it’s always a good idea to check the latest rates before making any transactions.

Most Asked Questions About Tapswap Coin

How Do I Buy Tapswap Coin?

To purchase Tapswap coins, you can use any of the recommended swaps available on cryptocurrency exchanges that list the TAP token. Ensure to use a reliable and secure platform to conduct your transactions.

What is the Daily Trading Volume of Tapswap Coin?

The daily trading volume of Tapswap coin can vary significantly. As it stands, the 24-hour trading volume is not available, indicating that it might be relatively low or not frequently traded.

What is the 24-hour High and Low Price of Tapswap Coin?

The 24-hour high and low prices of Tapswap coin are currently not specified. This information typically reflects the volatility and liquidity of the coin, which seems to be limited at the moment.

How Much Liquidity is in the TAP/WBNB Liquidity Pool?

The total liquidity in the TAP/WBNB liquidity pool is also not publicly disclosed. Liquidity is crucial as it determines the ease with which you can buy or sell the coin without affecting its price.

Does Tapswap Coin Have a Buy or Sell Tax?

There is no specific information available regarding a buy or sell tax for Tapswap coin. Taxes or fees can affect the overall cost of transactions, so it’s important to consider them when trading.#Write&Earn

Elon Musk's Crucial X Announcement Excites DOGE and XRP Communities

Billionaire Elon Musk has posted tweet about crucial milestone achieved by X

Elon Musk, a serial tech entrepreneur who leads a bunch of successful companies – from Tesla and SpaceX to Neuralink and X – has taken to the X social media platform (formerly widely popular as Twitter) to make an important announcement about a crucial step finally taken by X.

His tweet gained the attention of the XRP and DOGE communities, triggering their enthusiasm and excitement.

Everything's now on X.com, crypto community cheers The tech mogul announced in a tweet that all core systems are finally on the X.com domain now. This brought on a wave of excited comments, many of which came from accounts focused on XRP and Dogecoin. Users began asking Musk a popular question as to whether he plans to add DOGE payments after all.

As for other recent announcements regarding X, Musk spread the word about a new feature that will be added to Grok AI soon. The xAI-made chatbot integrated into X will be able to “soon offer a humorous take on the news in the spirit of how The Daily Show and Colbert Report used to be in ancient times.”

Besides, Grok is now available to Premium X users based in Europe.

‘Notcoin’ Trading Volume Tops $1 Billion in 2024's Biggest Gaming Token Drop

Telegram-based game Notcoin dropped over 80 billion tokens to some 35 million players in an airdrop via The Open Network.

More than four months after the game launched via messaging app Telegram, Notcoin debuted its NOT token Thursday via The Open Network (TON)—and the massive airdrop yielded the largest gaming token launch of 2024 so far, along with over a billion dollars worth of trading volume so far.

The NOT token is currently trading at a price of approximately $0.0076, per data from CoinGecko, giving it a market cap of about $776 million with the entire supply of 102.7 billion tokens minted right from the start.

Some 35 million players were able to claim NOT tokens from playing the game, plus Notcoin launched staking rewards campaigns through Binance and OKX earlier this week.

Both CoinGecko and CoinMarketCap show the token price plunging soon after launch, as more and more players claimed their tokens and sold them into the market, though they disagree on how high the price went. CoinGecko points to a peak of $0.0215 while CoinMarketCap goes much lower at $0.0144.

That’s reflected in the estimated size of the price drop, with CoinGecko showing NOT down 65% on the day, while CoinMarketCap says it’s down 48%. In any case, new crypto tokens often see volatile pricing right out the gate due to limited liquidity, and we’ve seen these types of tracking disparities with other recent launches as well.

In any case, that also puts the token’s peak market cap at different levels, with CoinGecko pointing to a $2.21 billion market cap at the highest price, while CoinMarketCap says NOT peaked at a market cap above $1.48 billion.

Either way, Notcoin stands well above the competition when it comes to this year’s biggest gaming token launches by market cap. The runners-up are Pixels (PIXEL), which peaked at $731 million according to CoinGecko, and Saga (SAGA) at a peak cap of $684 millions. #Tradingnow

Some people have just made thousands of dollars with Notcoin , congratulation to them🎉🎉🥳🥳

5 Things to Know Ahead of the ‘Notcoin’ Token Launch

When is the NOT token going live? What’s next for Notcoin? Should you stake your tokens? Here’s a final primer.

1) Staking campaigns

While there was already a substantial player base, Notcoin also worked with notable crypto exchanges Binance and OKX to seed billions of NOT tokens to their respective customer bases, perhaps opening
up a broader audience of NOT holders and traders.

But that window is closing fast. Between the two campaigns, more than 4 billion NOT tokens were offered to users who staked other cryptocurrencies. And Binance users jumped hard at the opportunity, staking some $14 billion to grab a share of the rewards.

As of this writing, there are only a couple of hours left to secure rewards via Binance, but several hours left to do so through OKX—so act fast if you still can.

2) When listing?

According to official Notcoin posts on Wednesday, the token will be listed on major exchanges at 12:00 UTC on Thursday—that’s 9am Eastern.

Binance, OKX, Bybit, KuCoin, and Bitfinex are among those who have already announced plans to list the token right away. The total supply of NOT is just over 102.7 billion tokens, with about 80.2 billion offered to players via the airdrop claim.

3) Claim your coins

If you mined in-game coins between January and April 1, the end of the mining phase, then you can claim your on-chain NOT tokens. Some 35 million total players hopped into the Telegram-based clicker game, and NOT tokens are being awarded at a 1,000-to-1 conversation rate. So if you mined 100,000 in-game coins, you’ll have 100 NOT to claim.

4) Should you stake?

For some players, the NOT token launch might end their planned journey with Notcoin. Crypto traders “farm” airdrops all the time, and this one was simple and widely known. But Open Builders, the team behind Notcoin, aims to keep some of those millions of users onboard.

5) what next ………….

#Tradingnow

U.S. orders Chinese-backed crypto miner to sell land near nuclear missile base

U.S. President Joe Biden issued an order on Monday forcing a Chinese-backed cryptocurrency mining company to sell land near a Wyoming nuclear missile base, citing national security concerns.

The company, MineOne, acquired the real estate in June 2022, placing its operations within a mile of the Francis E. Warren Air Force Base, a “strategic missile base and key element of America’s nuclear triad,” according to the White House.

The company’s site contained “specialized and foreign-sourced equipment potentially capable of facilitating surveillance and espionage activities,” the presidential order said.

Biden said there was “credible evidence” to believe that the company, a British Virgin Islands firm that is majority-owned by Chinese nationals, “might take action that threatens to impair the national security of the United States.”

MineOne was ordered to divest from the land in the next 120 days, and to remove certain improvements and equipment at the property. The company did not immediately respond to CNBC’s request for comment.

The move from the Biden administration comes against the backdrop of a wider crackdown on Chinese companies in the U.S. ahead of the upcoming presidential elections, and amid tensions between the world’s two largest economies.
In April, Biden signed a law to force the divestiture of social media platform TikTok from its Chinese parent company ByteDance on grounds of national security. Meanwhile, the administration is expected to issue new tariffs on several Chinese imports of EVs, medical supplies and other equipment, as soon as Tuesday.

The latest order aimed at MineOne was made following an investigation by the U.S. Committee on Foreign Investment in the United States – a government agency chaired by the U.S. Treasury Department that investigates corporate deals for national security concerns.

SHIB, WIF, DOGE, and BONK Can’t Compete with What this New Crypto is Offering Investors

Amid the ever-growing value of the meme coin market, dog-themed meme projects have continued to dominate the top-ranking positions of the meme industry. As a result, top meme coins like Shiba Inu (SHIB), Dogwifhat (WIF), Dogecoin (DOGE), and Bonk (BONK) have become the faces of the meme community on the blockchain. However, a new crypto project has emerged and is showing exponential growth potential capable of toppling these top meme coins in the coming weeks in terms of ROI. This new crypto project, Rollblock (RBLK), is projected to offer higher returns than what is expected of meme coins.

Rollblock (RBLK) Gaining Giant Foothold in the Meme Industry

Rollblock (RBLK) is emerging as one of the first community-driven casino platforms with blockchain features aimed at solving problems common in centralized casinos. For context, Rollblock is prioritizing transparency and trustworthiness of its casino platform using the immutable nature of blockchain technology. As such, gamers will get a fair share of winning on the casino games.

Notably, the Rollblock GambleFi protocol is introducing innovative features that will promote privacy, anonymity, and income generation. Some of these features include the ability for gamers to register on the Rollblock casino without the need for KYC verification, thereby making the registration process easy. Also, the project employs a Revenue Sharing Model, which will pay holders of the RBLK token a share of the generated revenue, weekly.

Meanwhile, the RBLK native token of Rollblock wields significant growth potential, given its strong utility and structure. For instance, RBLK is a token with a buy-and-burn feature, which means that a percentage of the current tokens in circulation will be collected and burned to reduce the circulating supply of the token and indirectly boost the token’s overall value.

Similarly, the Rollblock token has set its path toward recording over 500x in price gain within the coming months.

Breaking: Terra Luna Classic (LUNC), USTC Removed From Luna Foundation Guard

Terra Luna Classic ecosystem tokens recorded a massive surge in prices on Saturday as 1.85 billion USTC and 222 million LUNC tokens in the Luna Foundation Guard were removed from the circulating supply. LUNC price skyrocketed over 10% and USTC price rose 18% within a few hours, but pared earlier gains soon.

Luna Foundation Guard’s LUNC and USTC Circulating Supply

1.85 billion USTC and 222 million LUNC tokens were taken out of Luna Foundation Guard’s wallet address terra1gr0xesnseevzt3h4nxr64sh5gk4dwrwgszx3nw. The move comes as the account has been dormant for almost 2 years.

As a result, USTC circulating supply is now down to 7.1 billion. Crypto assets held by team, foundation, treasury, escrow funds are not counted in circulating supply. “Assets that are locked (via smart contracts or legal contracts), allocated to insiders (e.g. teams or private investors), or not sellable on the public market are generally not regarded as circulating, regardless of whether they are unlocked,” as per CoinMarketCap.

These numbers reflect adjustments and not actual removals from circulation. Some LFG funds were miscounted as belonging to circulating supply.

LUNC and USTC prices skyrocketed as the news sparked buying in the community due to a decrease in supply. But as the developments became clear to the community the prices started to pullback.

The Terra Luna Classic community seeks to burn USTC and LUNC in the LFG wallet to reflect in total supply, but it was just adjustments and not actual removals from circulating supply.

LUNC price is currently up 4%% over the last 24 hours, with the price currently trading at $0.0001062. The 24-hour high and low are $0.0001020 and $0.0001129, respectively.#LUNC✅ #USTC...

Binance Founder CZ Teasing His Own Book

Former Binance CEO Changpeng Zhao has suggested that he might write his own book in a recent post on the X social media network.

CZ jokingly said that he had some "quiet time" coming up, and he would use it for writing something. The Binance founder said he was going to give his own book a try since he would have nothing else to do.

As reported by U.Today, CZ was sentenced to four months behind bars in April. He became the richest person ever to be incarcerated in the U.S. The prosecutors wanted the controversial 47-year-old entrepreneur to serve three years behind bars. CZ pleaded guilty to money laundering violations back in November while resigning as the CEO of Binance. The cryptocurrency giant also agreed to fork out a massive $4.3 billion fine. After stepping down from his position, CZ also teased a new education-focused project called "Giggle Academy." The non-revenue project would specifically target underprivileged kids, teaching them about finance and blockchain on top of some regular subjects like mathematics.

As reported by U.Today, CZ has also confirmed that he would remain a cryptocurrency investor despite stepping away from Binance. Meanwhile, Sam Bankman-Fried, another disgraced cryptocurrency founder, already has a book about him. The story of the former FTX boss, who was sentenced to 25 years behind bars last year, has been told in Michael Lewis's "Going Infinite: The Rise and Fall of a New Tycoon." Lewis is best known for his book "The Big Short," which inspired the hit movie of the same name.

Toncoin Spikes on Notcoin Rollout as Bitcoin, Ethereum Trade Flat

Toncoin, the native cryptocurrency of The Open Network (TON), is one of the biggest gainers atop the crypto markets Thursday amid launch news about one of the network’s most anticipated tokens. And it comes as the two largest overall coins, Bitcoin and Ethereum, have barely moved over the last day.

Over the past 24 hours, TON is up nearly 13% to a current price of $6.46, per data from CoinGecko. That makes it the second-largest coin in the top 100 cryptocurrencies by market cap behind Akash Network (AKT), an AI-centric cloud computing project that’s seen a 16% jump on the day.

Much of the gains came after The Open Network project Notcoin, a viral Telegram-based game, announced that its anticipated token NOT will be launched on May 16. The project attracted 35 million players ahead of April 1, when the “mining phase” ended, and the launch has been on the horizon for weeks amid a couple of previously missed listing targets.

One of the biggest TON price increases so far on Thursday came shortly after crypto exchange Binance announced that it would offer billions of NOT tokens as rewards to its customers via pre-listing staking rewards.

Along with a similar campaign from rival exchange OKX, more than 4 billion NOT tokens will be distributed via such rewards initiatives. OKX users, in particular, will need to stake TON tokens to earn rewards, which could drive an increase in Toncoin purchases in the days ahead.

In the last day, perpetual-centric decentralized exchange (DEX) dYdX also announced support for Toncoin, while Hong Kong’s HashKey exchange listed TON on Thursday. With today’s price action added in, Toncoin is now up 24% over the last week.

Here’s When Shiba Inu May Hit $0.005 and $0.025 If Shibarium Burns 100T SHIB per Year

Shiba Inu’s attempt to replicate its past monumental upsurge, which turned $12 to $1 million in 2021, has met a massive roadblock in the form of its circulating supply. SHIB was able to engineer the price run from 2020 to 2021 due to a confluence of multiple factors, such as increased demand and bullish market momentum.

Shiba Inu Faces a Roadblock

However, one important factor that allowed this upsurge to materialize was its low market cap, which stood at a mere $11,359 in January 2021, according to CoinGecko data. Such a low market capitalization showed that SHIB had room for growth, with this growth resulting in a surge in valuation to $36 billion in October 2021.

At this valuation, which came up when SHIB hit the ATH above $0.00008, it was much more difficult for the canine-themed token to record further upside swings. Consequently, for Shiba Inu to see a similar price uptrend, its circulating supply needs to be trimmed down, allowing room for additional growth.

This theory birthed the Shiba Inu burn campaign, which the community has continued to champion. Shibarium, the ecosystem’s layer-2 scaling solution, is designed to support this campaign by incinerating SHIB with a portion of its gas fees. However, a slowdown in community adoption has not yielded the desired results.

What if Shibarium Burns 100T SHIB a Year?

So far, Shibarium has burned over 56 billion SHIB tokens since its launch last August, with the development team looking to transition from a manual to an automatic burn model. There have also been rallying calls for increased community usage of Shibarium and projects on it to bolster the burn process.

Should such increased adoption occur, projections of substantially higher burns have emerged. For instance, the 100 trillion SHIB annual burn target has made it to community discussions. However, if Shibarium ever achieves this feat, how long before SHIB reaches lofty targets like $0.005 or $0.025?

Nigerian officials demanding payments to end ‘issues’ with FG – Binance CEO alleges

The Chief Executive Officer (CEO) of Binance, Richard Teng, has claimed that some Nigerian government officials have demanded large amounts of payments in digital currency to make their problems “ go away”.

Teng made this known in a blog post on Tuesday, adding that Binance legal representative declined the offer from those undisclosed officials.

Recall that 0n February 28, the Office of the National Special Adviser (ONSA) detained two top executives of Binance as part of an investigation bordering on illegal operations in the country and foreign exchange rate manipulations.

The detained executives included, a 37-year-old British-Kenyan, Nadeem Anjarwalla who is Binance’s regional manager for Africa; and a 39-year-old US citizen, Tigran Gambaryan, Binance’s head of financial crime compliance. On March 25, the Federal Government filed a criminal charge against Binance for “tax evasion” — the same period Anjarwalla fled detention.

Speaking on Binance’s issues with the Nigerian government, Teng explained how the world’s largest cryptocurrency exchange made an attempt to engage with the authorities, including a meeting on January 8 in Abuja, where it was confronted with criminal allegations.

The Binance CEO said that despite requests, the crypto firm has still not received details of the allegations, saying, “And our employees, therefore, inquired if there was an opportunity to submit our responses in writing and in the absence of a public hearing”.

“There were a number of reasons for that, including the sensitivity of the information and getting the opportunity to see the allegations in full and prepare a thorough substantive response,” he said.

“The meeting ended with the Chair confirming they would consider the matter and revert through Binance’s local counsel.

A 12-year-old boy becomes a crypto-millionaire by flashing his mother's breasts live on air

A young boy and his mother have gone viral with their "Live with Mom" broadcast on the Kick platform. The success led the 12-year-old to create the $LIVEMOM cryptocurrency as he urged his followers to invest in his coin while his mother bounced her breasts on camera.

It was a resounding success, as during the broadcast, which lasted just over an hour the boy and his mother decided to capitalise on the market by proposing that the boy do something degrading, like eating dog food, or his mother would perform something sexual, like doing 15 squats in front of the camera. And the strategy worked, at least for a while. But a glitch ended the broadcast, which is why the price of the token plummeted. The stream peaked at around 1,500 viewers in a matter of minutes.

Messages such as "A nipple for 300K, deal?" flooded the chat. "13 year old guys and pimping their mother," said another while others pleaded, "Take it off, please."

Although it is not certain how old or whether they are related to each other, only that they were depicted in this way. It's even possible that the boy may be of age, although he looks quite young.

What is certain is that by stopping the broadcast he caused the price of the token to plummet, but deleting social media accounts and deceiving his "investors" are the hallmarks of cryptocurrency theft, a type of scam that is very common in the space. But to everyone's surprise a second session arrived. "Oh, my phone went out, the boy said, according to viewers of the live stream who spoke to Decrypt, suggesting that his phone was the webcam, "we'll run it again tomorrow".

As a result, the token fell from a market cap of $310,000 to $129,000 in less than five minutes. Half an hour later, they streamed again, this time with a new LIVEMOM2 token, but this 15-minute stream was not as successful and dropped to zero after reaching a market cap of $100,000.