🟡 : Binance's blockchain network, BNB Chain, has revealed a white paper introducing a decentralized data storage infrastructure named BNB Greenfield.
BNB Greenfield introduces a brand new structural and economic paradigm for data in the era of Web3. BNB Greenfield uses BNB as its native token and becomes the third blockchain in the BNB Chain ecosystem, alongside BNB Beacon Chain and BNB Smart Chain, according to a statement.
BNB Greenfield will offer various services such as personal cloud st
GBPT Stablecoin in UK Can Now Be Withdrawn from 18,000 ATMs
Stablecoins have gained widespread recognition and acceptance globally. Cryptocurrencies are known for their unpredictable nature, and among them, stablecoins provide a solution for many. Stablecoins are typically more stable and are linked to the national currency of a specific country.
GBPT, which was launched in July, is a stablecoin pegged to the British Pound Sterling (GBP). It was released by Tether with the symbol GBPT and has a 1:1 peg to the British Pound Sterling. The recent partnersh
JP Morgan Says the Biggest Threat to the Market in 2023 is No Recession
JP Morgan Strategist, Mike Bell, has stated that the biggest risk to the market in 2023 is the absence of a recession, as reported by Markets Insider. The Federal Reserve's actions could have a negative impact on the economy, as the absence of a recession may lead to higher wage growth.
This, in turn, could result in the Fed having to raise interest rates more than expected, which would combat inflation but also cause a decline in stocks and bonds.
While Bitcoin [BTC] has been focusing on reaching $24K, other lesser-known cryptocurrencies have been making gains in the market. One such asset, the MINA token, has recently gained double-digit growth.
At the moment, MINA is being traded at $0.84 with a 24.62% increase in the last 24 hours, making it the best-performing asset in the cryptocurrency market. The recent rally from a low of $0.6539 to a high of $0.9176 has led some to speculate if its next target is $1.
Shiba Inu (SHIB) is undoubtedly popular among whales. It is one of the reasons many retail investors fear buying into the project. A sell-off from the whales would trigger a massive fall in the token’s price. Nonetheless, whales continue to dominate SHIB holdings. According to Whalealert, a Shiba Inu (SHIB) whale recently moved 3.3 trillion tokens from an unknown wallet. The transferred SHIB is worth an eye-watering $38 million.
The sender’s wallet currently has no SHIB balance. However, the se
How Long Did it Take ChatGPT to Reach 1 Million Users?
ChatGPT, the AI platform based in Texas, is well-known for its ability to provide accurate and concise answers. Its capacity to construct sentences based on facts sets it apart from other applications.
ChatGPT, a large language model created by OpenAI, has achieved a significant milestone by surpassing 1 million users. This success demonstrates the growing popularity of conversational AI and its role in transforming communication.
South Korea to Implement a Cryptocurrency Tracking System in 2023: Report
The events of 2022 had a significant impact on South Korea and its cryptocurrency users. A recent survey showed that a significant portion of the nation's wealthy population had lost trust in cryptocurrencies. However, with the beginning of 2023 and all major coins experiencing double-digit growth over the past 30 days, trust may have been restored.
According to a report from local media outlet khgames, South Korea's Ministry of Justice plans to launch a cryptocurrency tracking system.
Will Dogecoin, McDonald's, and Elon Musk Join Forces in 2023?
Elon Musk, the CEO of Tesla, has stated that he is still willing to eat a happy meal on live television if McDonald's starts accepting Dogecoin (DOGE) as payment. He made this statement in 2022, but McDonald's has yet to respond.
Recently, this topic resurfaced as McDonald's Tweeted asking its followers what they missed, to which Elon Musk responded with an "oh hi lol." A Dogecoin-focused page, "DogeDesigner," then asked the billionaire if his offer to eat a happy meal on live television was st
A Coinbase Director Reveals Robinhood's Holdings in Shiba Inu
According to Coinbase Director Conor Grogan, the well-known cryptocurrency exchange Robinhood holds $266 million worth of SHIB tokens in its portfolio. Grogan states that SHIB represents 8% of Robinhood's holdings, with Ethereum (ETH) making up the largest portion at 88%, valued at $2.99 billion.
Additionally, Robinhood announced earlier this month that it would include SHIB as one of the coins accepted by its Web3 wallet, along with Solana (SOL), Polygon (MATIC), and Compound (COMP).
Aptos Beats Bitcoin and Ethereum with 500% Return in 2023
This year has been profitable for investors as they have chosen to stay invested in the market. At the current moment, the global cryptocurrency market cap is at $1 trillion and has not changed in the past 24 hours.
While Bitcoin and Ethereum have risen by about 40% since the start of the year, the 26th ranked cryptocurrency, Aptos, has brought its investors returns that are 10 times higher. Aptos has risen by approximately 500% since the beginning of the year.
Artificial Intelligence predicts the value of Shiba Inu cryptocurrency on February 1, 2023.
The Shiba Inu network has experienced both highs and lows in recent months, following the broader trend of the cryptocurrency market. Despite more lows than highs, the community is optimistic about potential profits with the upcoming launch of Shibarium, and the community has been growing in size as they await this layer-2 rollout.
Currently, the total number of unique addresses on the network has reached an all-time high of 1.29 million. However, unfortunately, more than half of these SHIB hol
At the beginning of the year, the price of Bitcoin was around $16.5k and within a short period of four weeks, the price has already risen to $23,000. As a result, the returns for the month of January are approaching 40%.
In the past, Bitcoin investors have experienced negative returns in January six times, while on the other four occasions, they have seen double-digit positive gains. Only in 2013, the percentage was slightly higher, at 44%.
Institutional investors are showing increased interest in cryptocurrency derivatives
According to a report by Arcane Research. The report states that futures premiums for these derivatives have risen in the past week, with the 3-month basis for Binance reaching levels not seen since April 2022. However, open interest in Binance futures remains relatively low at 6,600 BTC.
The CME basis has also seen a significant resurgence over the past two weeks, reaching 0.7%, the highest since September 2022. This suggests that institutional traders are becoming more bullish about the marke
According to a machine-learning algorithm, XRP may experience a temporary increase in price over the next two weeks. However, the prediction also suggests that the cryptocurrency may not rise above its resistance level of $0.40 by the end of January. Currently,
XRP's price has been relatively stable this week, following a 12% increase in the last 14 days. Despite a recent surge caused by CPI data, the cryptocurrency was unable to surpass its resistance level of $0.40 and has retraced in price
Bitcoin Soars Above $21K, Other Cryptocurrencies Show Double-Digit Gains
The new year has begun on a high note, as the cryptocurrency market experienced a strong rally with Bitcoin and other altcoins displaying double-digit gains. Despite a difficult "crypto winter" in 2022, characterized by falling prices and the collapse of two major players in the industry, the market has rebounded as predicted.
Bitcoin, which had been trading around $16,000, briefly reached a peak of $21,075 over the weekend. According to CoinMarketCap, BTC has seen a 22.39% increase in value ov
Bitcoin, the most widely-known digital currency, has exceeded the market capitalization of both Meta
The value of Bitcoin has been on the rise in the beginning of the new year, reaching over $19,000 and showing a recovery from a low in 2022. The renewed interest in cryptocurrency has led to it surpassing the market capitalization of the two aforementioned companies. Currently, Bitcoin has a market cap of $370 billion, with Meta and Mastercard boasting a market cap of $357.69 billion and $363.03 billion respectively.
This is a significant achievement for Bitcoin, as it demonstrates the growing
Sam Bankman-Fried reportedly ordered the creation of a $65 billion “secret backdoor line of credit"
🚨 : Andrew Dietderich, has revealed that Sam Bankman-Fried, CEO of FTX, had instructed the creation of a $65 billion "secret line of credit" without customer's permission, during a recent bankruptcy hearing. This information comes just a day after Bankman-Fried published a statement claiming his innocence of the accusations against him.
It is unclear at this time how the line of credit was intended to be used or if it was actually utilized. Dietderich's revelation in the hearing raises questio
Recent updates on the development of the Shiba Inu's layer 2 solution
Shibarium, has generated interest among SHIB holders and investors.
The developer team for Shibarium recently announced that the upgrade is in the beta phase and that an unexpected portion of the code was posted on GitHub.
The Shibarium bridge is currently being tested by beta testers and it is expected that every transaction will utilize the gas fee token Bone ShibaSwap (BONE).
As a result of these updates, the prices of BONE have also seen an increase. Currently, BONE is trading at $1.18
While Developers Tease Shibarium, Shiba Inu Chart Appears On Twitter,
Twitter has now enabled the ability for users to search and view the latest price chart for Shiba Inu (SHIB) by using the "cashtag" feature. To access this feature, users simply need to search for "$SHIB " on Twitter, which will bring up the chart and the option to open it on Robinhood
This positive news has led to an increase in prices for SHIB, which is currently trading at $0.00000953, an increase of 4.3% in the last 24 hours. Additionally, over the past week, the token has seen a rally of 13
In addition to Shiba Inu (SHIB) being featured on Twitter, Dogecoin (DOGE) has also been included on the platform, which is not surprising given that the owner of Twitter, Elon Musk, is a major proponent of DOGE.
Fans and users of DOGE were previously concerned when DOGE was not included in the initial launch, but they can now relax as it has been added. SHIB and DOGE share similarities, as they are both emblazoned with variations of the Shiba Inu dog meme and have experienced a significant ri