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Shiba Inu's Shibarium Skyrockets 3,436% in New Accounts in 24 Hours
Shiba Inu's blockchain platform, Shibarium, has seen a significant increase in activity, with the number of new accounts rising by 3,436% in just 24 hours. Data from Shibariumscan shows that new accounts on the network jumped from 30 to 1,031 overnight, indicating a substantial rise in user engagement.
This increase follows concerns about Shibarium's declining activity and attention. The rapid change within a single day has altered this narrative. In addition to the rise in new accounts, the transaction volume on the Shibarium network also increased, growing from 4,751 to 8,527 transactions. This represents an 80% increase in transaction activity over the same period.
NOTE : DYOR
Shiba Inu's blockchain platform, Shibarium, has seen a significant increase in activity, with the number of new accounts rising by 3,436% in just 24 hours. Data from Shibariumscan shows that new accounts on the network jumped from 30 to 1,031 overnight, indicating a substantial rise in user engagement.
This increase follows concerns about Shibarium's declining activity and attention. The rapid change within a single day has altered this narrative. In addition to the rise in new accounts, the transaction volume on the Shibarium network also increased, growing from 4,751 to 8,527 transactions. This represents an 80% increase in transaction activity over the same period.
NOTE : DYOR
Can Shiba Inu delete another zero and surpass its ATH?
Deleting one more zero from its price means Shiba Inu [SHIB] would surpass its all-time high. Can it achieve it? This is one question that holders of the token have been asking themselves.
At press time, SHIB’s price was $0.000023.— 73.02% down from $0.000088 which was the peak it hit in October 2021. Furthermore, this decrease was a 3.20% fall in the last 30 days.
However, SHIB KNIGHT, an analyst who has been very bullish on the token opined that the price can hit $0.0001. According to his post on X, he mentioned that Shiba Inu could reach the target within a short period.
Bears are not giving up
The last time SHIB erased a zero from its price was in February. At that time, AMBCrypto reported how the price moved from $0.0000095 on the 22nd.
By the last day of the month, SHIB’s price had hit $0.000012 before its incredible surge to $0.000035 within the first 10 days in March.
However, it is important to note that the market condition was extremely bullish during that period. Recently, the euphoria has been non -existent, suggesting that it could be challenging for SHIB to reach such heights.
AMBCrypto found a metric that supported the invalidation of the thesis. This was the Bulls and Bears indicator provided by IntoTheBlock.
NOTE: DYOR
Deleting one more zero from its price means Shiba Inu [SHIB] would surpass its all-time high. Can it achieve it? This is one question that holders of the token have been asking themselves.
At press time, SHIB’s price was $0.000023.— 73.02% down from $0.000088 which was the peak it hit in October 2021. Furthermore, this decrease was a 3.20% fall in the last 30 days.
However, SHIB KNIGHT, an analyst who has been very bullish on the token opined that the price can hit $0.0001. According to his post on X, he mentioned that Shiba Inu could reach the target within a short period.
Bears are not giving up
The last time SHIB erased a zero from its price was in February. At that time, AMBCrypto reported how the price moved from $0.0000095 on the 22nd.
By the last day of the month, SHIB’s price had hit $0.000012 before its incredible surge to $0.000035 within the first 10 days in March.
However, it is important to note that the market condition was extremely bullish during that period. Recently, the euphoria has been non -existent, suggesting that it could be challenging for SHIB to reach such heights.
AMBCrypto found a metric that supported the invalidation of the thesis. This was the Bulls and Bears indicator provided by IntoTheBlock.
NOTE: DYOR
Crypto trader turns $500K into $5.3 million in six months
A crypto trader has realized nearly $5 million in profits from a six-month position trade with the meme coin PEPE. The position had a dollar-cost average of around $500,000 and an approximate valuation of $5.3 million on sale.
Essentially, the address ‘0x42C8‘ withdrew a total of 365.96 billion PEPE from the crypto exchange MEXC in three days. At that time, from December 13 to 16, 2023, this stack was worth approximately $496,000, as reported by Lookonchain.
Six months later, on June 4 at 03:26 am UTC, the crypto trader deposited all the tokens to Binance. Interestingly, this usually means selling intention and suggests the trader has closed the six-month PEPE position with realized profits.
BNB Chain rockets to new heights: What’s fueling the surge?
PEPE was trading at $0.00001452 by the time of the Lookonchain post on X, resulting in a $5.3 million sell-off. Moreover, this sell-off represents 0.6% of the cryptocurrency‘s 24-hour trading volume and less than 0.01% of its capitalization.
Meme coins, such as PEPE, often lack fundamental value, while the hype and social media buzz drive their price action. Crypto traders who buy these coins are essentially gambling in the hope that someone else will buy them at a higher price.
This mentality aligns with the “Greater Fool Theory,” which suggests that profits can be made by buying overvalued assets and selling them to a “greater fool.”
The ‘0x42C8’ whale could profit in this six-month position trade due to an increased retail demand for PEPE.
However, this theory also highlights the inherent risk of such investments, as the market eventually runs out of willing buyers. When the hype dies down and demand dwindles, traders can remain holding worthless assets, leading to substantial financial losses.
NOTE; DYOR.
A crypto trader has realized nearly $5 million in profits from a six-month position trade with the meme coin PEPE. The position had a dollar-cost average of around $500,000 and an approximate valuation of $5.3 million on sale.
Essentially, the address ‘0x42C8‘ withdrew a total of 365.96 billion PEPE from the crypto exchange MEXC in three days. At that time, from December 13 to 16, 2023, this stack was worth approximately $496,000, as reported by Lookonchain.
Six months later, on June 4 at 03:26 am UTC, the crypto trader deposited all the tokens to Binance. Interestingly, this usually means selling intention and suggests the trader has closed the six-month PEPE position with realized profits.
BNB Chain rockets to new heights: What’s fueling the surge?
PEPE was trading at $0.00001452 by the time of the Lookonchain post on X, resulting in a $5.3 million sell-off. Moreover, this sell-off represents 0.6% of the cryptocurrency‘s 24-hour trading volume and less than 0.01% of its capitalization.
Meme coins, such as PEPE, often lack fundamental value, while the hype and social media buzz drive their price action. Crypto traders who buy these coins are essentially gambling in the hope that someone else will buy them at a higher price.
This mentality aligns with the “Greater Fool Theory,” which suggests that profits can be made by buying overvalued assets and selling them to a “greater fool.”
The ‘0x42C8’ whale could profit in this six-month position trade due to an increased retail demand for PEPE.
However, this theory also highlights the inherent risk of such investments, as the market eventually runs out of willing buyers. When the hype dies down and demand dwindles, traders can remain holding worthless assets, leading to substantial financial losses.
NOTE; DYOR.
Donald Trump Asks If Bitcoin Could Solve US Debt Issue
Over the last 100 years, the U.S. federal debt has grown from $403 billion in 1923 to $33.17 trillion in 2023. To understand if a country can manage its debt, it’s useful to compare the debt to the country’s total economic output, known as the Gross Domestic Product (GDP). This comparison helps show how capable the country is of paying off its debt.
During an X space discussion on Sunday night, David Bailey, the CEO of the highly popular Bitcoin news website BitcoinMagazine and a cryptocurrency aide of the Trump campaign, disclosed that recently he met former US president Donald Trump for the first time.
Bailey revealed that Trump asked if Bitcoin could help to reduce the $35 trillion debt. BitcoinMagazine CEO replied to Trump that he had some ideas but failed to talk about his ideas, as he wasn’t ready to talk about them in their first meeting.
David Bailey, CEO of Bitcoin Magazine and a cryptocurrency aide of the Trump campaign, revealed that Trump asked if Bitcoin could be leveraged to solve the U.S. national debt problem. The Bitcoin Magazine team is advising Trump on developing a policy that is friendly to Bitcoin…
— Wu Blockchain (@WuBlockchain) May 28, 2024
This is very big news for Bitcoin enthusiasts, as Trump is most expected to be the next US president.
However recently Trump passed several Bitcoin-friendly statements to get political benefits from the crypto community but this disclosed information is totally different, as he is actually looking toward Bitcoin adoption for the USA & he didn’t talk about this thing publicly.
In the past many times, the US current president Joe Biden has been criticized by the opposition political leaders because of the surged national debt in the USA.
As per survey reports, currently, Donald Trump has a 56% winning chance against Biden.
Over the last 100 years, the U.S. federal debt has grown from $403 billion in 1923 to $33.17 trillion in 2023. To understand if a country can manage its debt, it’s useful to compare the debt to the country’s total economic output, known as the Gross Domestic Product (GDP). This comparison helps show how capable the country is of paying off its debt.
During an X space discussion on Sunday night, David Bailey, the CEO of the highly popular Bitcoin news website BitcoinMagazine and a cryptocurrency aide of the Trump campaign, disclosed that recently he met former US president Donald Trump for the first time.
Bailey revealed that Trump asked if Bitcoin could help to reduce the $35 trillion debt. BitcoinMagazine CEO replied to Trump that he had some ideas but failed to talk about his ideas, as he wasn’t ready to talk about them in their first meeting.
David Bailey, CEO of Bitcoin Magazine and a cryptocurrency aide of the Trump campaign, revealed that Trump asked if Bitcoin could be leveraged to solve the U.S. national debt problem. The Bitcoin Magazine team is advising Trump on developing a policy that is friendly to Bitcoin…
— Wu Blockchain (@WuBlockchain) May 28, 2024
This is very big news for Bitcoin enthusiasts, as Trump is most expected to be the next US president.
However recently Trump passed several Bitcoin-friendly statements to get political benefits from the crypto community but this disclosed information is totally different, as he is actually looking toward Bitcoin adoption for the USA & he didn’t talk about this thing publicly.
In the past many times, the US current president Joe Biden has been criticized by the opposition political leaders because of the surged national debt in the USA.
As per survey reports, currently, Donald Trump has a 56% winning chance against Biden.
2 Trillion Shiba Inu (SHIB) in Last 24 Hours: Are Whales Coming Back?
Shiba Inu whales are on the verge of waking up as transactional activity on large wallets seems to be surging and reaching almost 2 trillion. However, the lack of momentum in the market suggests that it is too early to celebrate, and those transfers might simply be tied to funds redistribution rather than anything significant for the price.
Fresh data has emerged that more transactions are happening within the Shiba Inu network. For the last 24 hours, 147 large transactions have occurred, whose cumulative volume is valued at 1.9 trillion SHIB. The activity bounces off a seven-day low of 82 transactions that took place on May 19, 2024.
Analyzing surge A sudden spike in big transactions could mean numerous things. For one, it's a good probability that large holders in the market are just redistributing their assets. This movement of funds might be related to internal wallet reorganizations, with preparations for future market moves, or simple asset redistribution for liquidity purposes.
Disclaimer:DYOR
Shiba Inu whales are on the verge of waking up as transactional activity on large wallets seems to be surging and reaching almost 2 trillion. However, the lack of momentum in the market suggests that it is too early to celebrate, and those transfers might simply be tied to funds redistribution rather than anything significant for the price.
Fresh data has emerged that more transactions are happening within the Shiba Inu network. For the last 24 hours, 147 large transactions have occurred, whose cumulative volume is valued at 1.9 trillion SHIB. The activity bounces off a seven-day low of 82 transactions that took place on May 19, 2024.
Analyzing surge A sudden spike in big transactions could mean numerous things. For one, it's a good probability that large holders in the market are just redistributing their assets. This movement of funds might be related to internal wallet reorganizations, with preparations for future market moves, or simple asset redistribution for liquidity purposes.
Disclaimer:DYOR
$82 Million Bitcoin Mystery Stuns World's Largest Exchange
A substantial withdrawal of 1,195 Bitcoin, valued at approximately $81.95 million, has been made from Binance, the world’s largest cryptocurrency exchange. This transfer to an unknown address has caught the attention of the crypto community as, typically, massive withdrawals from exchanges are perceived as bullish signals for the price. ADVERTISEMENT The logic is simple: large investors buy digital assets on liquid platforms like Binance and then move them to private wallets for storage, indicating long-term holding strategies.
A substantial withdrawal of 1,195 Bitcoin, valued at approximately $81.95 million, has been made from Binance, the world’s largest cryptocurrency exchange. This transfer to an unknown address has caught the attention of the crypto community as, typically, massive withdrawals from exchanges are perceived as bullish signals for the price. ADVERTISEMENT The logic is simple: large investors buy digital assets on liquid platforms like Binance and then move them to private wallets for storage, indicating long-term holding strategies.
Shiba Inu Holders Pivot to New ICO, Aiming for 1000% Gains
Popular ERC-20 meme coin Shiba Inu ($SHIB ) is outperforming Bitcoin, Ethereum and top meme coin Dogecoin to become one of the best digital asset investments of 2024.
At its current price of $0.00002547, Shiba Inu is a staggering 200% up from its price this time last year.
By comparison, the world’s favorite cryptocurrency, Bitcoin ($BTC) is up 158%, Ethereum ($ETH) added 115% over the year, and $SHIB ’s top rival, OG doge meme coin Dogecoin ($DOGE) has grown 137.5% over the last 365 days.
However, the token’s performance over the last three months shows it facing stiffening resistance (indicated by the red trend line), even as its support level (green trend line) is increasing. The data indicates $SHIB ’s price has been relatively stable over the last month as it consistently trades slightly above its 30-day moving average, represented by the graph’s blue line.
With a relative strength index (RSI) hovering around the high 60s, Shiba Inu is close to being overbought (70 is the threshold). The recent spate of buying is likely driven by last week’s news that the US SEC has approved exchange-traded funds (ETFs) for Ethereum ($ETH), the coin powering Shiba Inu’s native blockchain.
Mega Dice’s $DICE Tempts Shiba Inu Holders
Shiba Inu has realised that very few meme coins will survive the post-adoption future, when crypto will become a ubiquitous means of payment and store of value for the general public. That’s why earlier this year, the team behind it announced a $12 million fundraise towards a new privacy focused layer-3 blockchain.
NOTE; Please DYOR
#shiba⚡ #Shibainuholder #SHIBAUSDT #ShibaFundamentalAnlysis #ShibaArmstrong #bullish
Popular ERC-20 meme coin Shiba Inu ($SHIB ) is outperforming Bitcoin, Ethereum and top meme coin Dogecoin to become one of the best digital asset investments of 2024.
At its current price of $0.00002547, Shiba Inu is a staggering 200% up from its price this time last year.
By comparison, the world’s favorite cryptocurrency, Bitcoin ($BTC) is up 158%, Ethereum ($ETH) added 115% over the year, and $SHIB ’s top rival, OG doge meme coin Dogecoin ($DOGE) has grown 137.5% over the last 365 days.
However, the token’s performance over the last three months shows it facing stiffening resistance (indicated by the red trend line), even as its support level (green trend line) is increasing. The data indicates $SHIB ’s price has been relatively stable over the last month as it consistently trades slightly above its 30-day moving average, represented by the graph’s blue line.
With a relative strength index (RSI) hovering around the high 60s, Shiba Inu is close to being overbought (70 is the threshold). The recent spate of buying is likely driven by last week’s news that the US SEC has approved exchange-traded funds (ETFs) for Ethereum ($ETH), the coin powering Shiba Inu’s native blockchain.
Mega Dice’s $DICE Tempts Shiba Inu Holders
Shiba Inu has realised that very few meme coins will survive the post-adoption future, when crypto will become a ubiquitous means of payment and store of value for the general public. That’s why earlier this year, the team behind it announced a $12 million fundraise towards a new privacy focused layer-3 blockchain.
NOTE; Please DYOR
#shiba⚡ #Shibainuholder #SHIBAUSDT #ShibaFundamentalAnlysis #ShibaArmstrong #bullish
Argentina Taps El Salvador’s Bitcoin Strategy Amid Growing Crypto Adoption
CNV officials praise El Salvador's leadership and comprehensive approach to integrating Bitcoin into its economy.
The partnership underscores the global importance of effective regulatory frameworks for cryptocurrency adoption.
Argentina’s National Securities Commission (CNV) has initiated collaboration with El Salvador’s National Commission of Digital Assets (CNAD) to explore insights into Bitcoin adoption and crypto regulation. This move follows El Salvador’s groundbreaking decision in 2021 to adopt Bitcoin as legal tender alongside the U.S. dollar. So, let’s explore the development and see how Argentina is leveraging El Salvador’s expertise in the process.
Leveraging El Salvador’s Bitcoin Strategy
In a recent meeting between Argentina’s CNV and CNAD officials, discussions centered on El Salvador’s pioneering role in integrating Bitcoin into its financial system. CNV President Roberto Silva commended El Salvador’s leadership in Bitcoin adoption and its comprehensive approach to crypto regulation, highlighting the invaluable insights gained by the CNAD.
Meanwhile, CNV Vice President Patricia Boedo emphasized the importance of leveraging El Salvador’s expertise in the crypto industry. Boedo, who participated in meetings on market development in El Salvador earlier this year, stressed the significance of strengthening ties with a nation at the forefront of cryptocurrency innovation.
On the other hand, Juan Carlos Reyes, President of the National Digital Assets Commission (CNAD) of El Salvador, lauded Argentina’s expertise in the technology sector. The officials have discussed the best approaches to under the cryptocurrency concepts and using them efficiently in global economic cases.
Read more articles on this matter and never forget to DYOR.
CNV officials praise El Salvador's leadership and comprehensive approach to integrating Bitcoin into its economy.
The partnership underscores the global importance of effective regulatory frameworks for cryptocurrency adoption.
Argentina’s National Securities Commission (CNV) has initiated collaboration with El Salvador’s National Commission of Digital Assets (CNAD) to explore insights into Bitcoin adoption and crypto regulation. This move follows El Salvador’s groundbreaking decision in 2021 to adopt Bitcoin as legal tender alongside the U.S. dollar. So, let’s explore the development and see how Argentina is leveraging El Salvador’s expertise in the process.
Leveraging El Salvador’s Bitcoin Strategy
In a recent meeting between Argentina’s CNV and CNAD officials, discussions centered on El Salvador’s pioneering role in integrating Bitcoin into its financial system. CNV President Roberto Silva commended El Salvador’s leadership in Bitcoin adoption and its comprehensive approach to crypto regulation, highlighting the invaluable insights gained by the CNAD.
Meanwhile, CNV Vice President Patricia Boedo emphasized the importance of leveraging El Salvador’s expertise in the crypto industry. Boedo, who participated in meetings on market development in El Salvador earlier this year, stressed the significance of strengthening ties with a nation at the forefront of cryptocurrency innovation.
On the other hand, Juan Carlos Reyes, President of the National Digital Assets Commission (CNAD) of El Salvador, lauded Argentina’s expertise in the technology sector. The officials have discussed the best approaches to under the cryptocurrency concepts and using them efficiently in global economic cases.
Read more articles on this matter and never forget to DYOR.
Ron Paul Believes De-Dollarization Is Happening at a Rapid Pace
Ron Paul, former U.S. presidential candidate and former U.S. congressional representative, has talked about how he believes de-dollarization is starting to accelerate recently, even if he does not know when the U.S. dollar will lose its reserve currency status.
In the latest episode of “The Ron Paul Liberty Report,” his online videocast, Ron Paul clarified a global reduction in the percentage of reserves held in U.S. dollars is caused by several circumstances, including “America’s endless wars, sanctions, wokism, nihilism, and unconstitutional abuses.”
About the consequences of this, Paul stated:
It is already starting. More and more we have a series of countries that are transacting their international accounts in their own currencies and ignoring it.
Furthermore, Paul declared that the U.S. government has a hand in “rigging” the price of gold in order to make the dollar look stronger, having “no respect” for gold.
Dollar Replacement and BRICS
About the possible replacement of the U.S. dollar on international markets, Paul stated that while he was not sure, Russia and China might have some kind of influence in the response to the vacuum that the dollar could leave behind. He also included BRICS, the bloc integrated by Brazil, Russia, India, China, and South Africa, as part of this answer.
Paul stated:
"I would keep an eye on BRICS and if they continue or accelerate their purchase of gold. Eventually, the best standard of money is that it is easily convertible into something that you can measure."
The BRICS bloc has been studying the issuance of a currency since at least last year, when Russian President Vladimir Putin made the announcement at the 14th BRICS summit held in China.
More recently, Russian State Duma Deputy Chairman Alexander Babakov added that such a currency might be potentially backed by gold or other commodities, including rare-earth elements or even land.
#DollarDominance #BRICS2024 #BinanceSquareFamily #BinanceSquareWritingContest
Ron Paul, former U.S. presidential candidate and former U.S. congressional representative, has talked about how he believes de-dollarization is starting to accelerate recently, even if he does not know when the U.S. dollar will lose its reserve currency status.
In the latest episode of “The Ron Paul Liberty Report,” his online videocast, Ron Paul clarified a global reduction in the percentage of reserves held in U.S. dollars is caused by several circumstances, including “America’s endless wars, sanctions, wokism, nihilism, and unconstitutional abuses.”
About the consequences of this, Paul stated:
It is already starting. More and more we have a series of countries that are transacting their international accounts in their own currencies and ignoring it.
Furthermore, Paul declared that the U.S. government has a hand in “rigging” the price of gold in order to make the dollar look stronger, having “no respect” for gold.
Dollar Replacement and BRICS
About the possible replacement of the U.S. dollar on international markets, Paul stated that while he was not sure, Russia and China might have some kind of influence in the response to the vacuum that the dollar could leave behind. He also included BRICS, the bloc integrated by Brazil, Russia, India, China, and South Africa, as part of this answer.
Paul stated:
"I would keep an eye on BRICS and if they continue or accelerate their purchase of gold. Eventually, the best standard of money is that it is easily convertible into something that you can measure."
The BRICS bloc has been studying the issuance of a currency since at least last year, when Russian President Vladimir Putin made the announcement at the 14th BRICS summit held in China.
More recently, Russian State Duma Deputy Chairman Alexander Babakov added that such a currency might be potentially backed by gold or other commodities, including rare-earth elements or even land.
#DollarDominance #BRICS2024 #BinanceSquareFamily #BinanceSquareWritingContest
#Ethereum(ETH)
Ethereum, the second oldest cryptocurrency, demonstrates growth patterns akin to Bitcoin but is available at a relatively lower price. While Bitcoin is an excellent long-term investment, its high price can be a barrier for average investors with moderate risk tolerance.
Ethereum’s unique value proposition lies in its versatility beyond trading. Ethereum facilitates hosting smart contracts, decentralized applications, and decentralized finance (DeFi) platforms, unlike Bitcoin.
With a market capitalization of $395 billion, Ethereum accounts for 16% of the entire cryptocurrency market. Its extensive utility, robust blockchain infrastructure, and positive sentiment analysis make it popular among developers and investors. These factors position Ethereum as a highly promising altcoin for substantial potential gains.
#Binance Coin (BNB)
Binance is a highly regarded cryptocurrency exchange platform offering numerous benefits to its users. Its key features include low transaction fees, high efficiency, and rapid transaction processing, which appeal to investors. The platform’s native token, Binance Coin (BNB), provides opportunities for both investment and staking.
Binance utilizes these funds to develop and enhance its ecosystem. As the platform’s demand and user base increase, the return on investment (ROI) improves, resulting in staking rewards for those who stake BNB.
Moreover, BNB offers various earning opportunities, such as in-game rewards. With a significant market capitalization of $43.9 billion and continuous growth, BNB is considered a popular and valuable investment option.
Note; DYOR please after getting all these information.
#etherreum #BNBToken #bitcoin☀️
Ethereum, the second oldest cryptocurrency, demonstrates growth patterns akin to Bitcoin but is available at a relatively lower price. While Bitcoin is an excellent long-term investment, its high price can be a barrier for average investors with moderate risk tolerance.
Ethereum’s unique value proposition lies in its versatility beyond trading. Ethereum facilitates hosting smart contracts, decentralized applications, and decentralized finance (DeFi) platforms, unlike Bitcoin.
With a market capitalization of $395 billion, Ethereum accounts for 16% of the entire cryptocurrency market. Its extensive utility, robust blockchain infrastructure, and positive sentiment analysis make it popular among developers and investors. These factors position Ethereum as a highly promising altcoin for substantial potential gains.
#Binance Coin (BNB)
Binance is a highly regarded cryptocurrency exchange platform offering numerous benefits to its users. Its key features include low transaction fees, high efficiency, and rapid transaction processing, which appeal to investors. The platform’s native token, Binance Coin (BNB), provides opportunities for both investment and staking.
Binance utilizes these funds to develop and enhance its ecosystem. As the platform’s demand and user base increase, the return on investment (ROI) improves, resulting in staking rewards for those who stake BNB.
Moreover, BNB offers various earning opportunities, such as in-game rewards. With a significant market capitalization of $43.9 billion and continuous growth, BNB is considered a popular and valuable investment option.
Note; DYOR please after getting all these information.
#etherreum #BNBToken #bitcoin☀️
Michael J. Saylor
Michael J. Saylor (born February 4, 1965) is an American entrepreneur and business executive. He is the executive chairman and co-founder of MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services. Saylor was MicroStrategy's chief executive officer from 1989 to 2022; in 2000, Saylor was charged by the SEC with fraudulently reporting MicroStrategy's financial results for the preceding two years. He later reached a settlement with the SEC for $350,000 in penalties and $8.3 million in personal disgorgement. He authored the 2012 book The Mobile Wave: How Mobile Intelligence Will Change Everything. He is also the sole trustee of Saylor Academy, a provider of free online education. As of 2016, Saylor had been granted 31 patents and had 9 additional applications under review.
Born
February 4, 1965 (age 59)
Lincoln, Nebraska, US
Alma mater
Massachusetts Institute of Technology
Occupation(s)
Executive chairman and president of MicroStrategy
Saylor is an advocate of Bitcoin, stating that he believes it will replace gold as the global store-of-value asset. Saylor has famously noted that "capital preservation" is Bitcoin's utility and compares buying it to buying a home in a city everyone wants to move to. According to Saylor, Bitcoin is "the apex property of the human race.
#bitcoin☀️ #SaylorStrategy #Saylor #BullishCoins #DYOR
Michael J. Saylor (born February 4, 1965) is an American entrepreneur and business executive. He is the executive chairman and co-founder of MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services. Saylor was MicroStrategy's chief executive officer from 1989 to 2022; in 2000, Saylor was charged by the SEC with fraudulently reporting MicroStrategy's financial results for the preceding two years. He later reached a settlement with the SEC for $350,000 in penalties and $8.3 million in personal disgorgement. He authored the 2012 book The Mobile Wave: How Mobile Intelligence Will Change Everything. He is also the sole trustee of Saylor Academy, a provider of free online education. As of 2016, Saylor had been granted 31 patents and had 9 additional applications under review.
Born
February 4, 1965 (age 59)
Lincoln, Nebraska, US
Alma mater
Massachusetts Institute of Technology
Occupation(s)
Executive chairman and president of MicroStrategy
Saylor is an advocate of Bitcoin, stating that he believes it will replace gold as the global store-of-value asset. Saylor has famously noted that "capital preservation" is Bitcoin's utility and compares buying it to buying a home in a city everyone wants to move to. According to Saylor, Bitcoin is "the apex property of the human race.
#bitcoin☀️ #SaylorStrategy #Saylor #BullishCoins #DYOR
#shiba⚡
Shiba Inu investors could see their $1,000 investments skyrocket to substantial levels if SHIB ever claims a $1 price.
While the crypto market has already embarked on a rebound campaign, the losses of the past month have not been fully recovered. For instance, Bitcoin (BTC) is up 10.66% this month, as opposed to the 14.94% drop recorded in April.
Shiba Inu’s 27.16% decline last month suggests that it still has a long way to go before recouping all of April’s losses despite an 11.12% gain this month. Meanwhile, multiple market analysts have identified a Shiba Inu symmetrical triangle on the daily chart, projecting massive price gains when the breakout is completed.
Worth of $1,000 at a SHIB Price of $1
Most of these targets have been in fractions of a cent, but some commentators have not shied away from predicting an audacious $1 price. While such a projection is near impossible, the prospect has indeed caught the attention of market participants.
Hypothetically, to present a clear idea of just how massive a rally to $1 could be, The Crypto Basic assessed its impact on a $1,000 investment in Shiba Inu today. Notably, committing $1,000 to SHIB at the current value of $0.00002489 will amass 40,176,777 (40.18 million) tokens.
The worth of these SHIB tokens would skyrocket to $40.18 million if Shiba Inu ever clinched a $1 price. For better context, a $1 investment in Shiba Inu at the current value would yield $40,176 and a $10 investment would bring in $401,767 if SHIB reached the $1 price.
Is a $1 Price Realistic for Shiba Inu?
This assessment presents a clear picture of the extent of the gains a rise to $1 would yield, further confirming that such a rally might not be possible in the near future. For context, a surge to $1 would lead to a $589 trillion market cap for Shiba Inu, making it the largest asset in the world by a large margin.
While there isn’t enough money in the world to back up this valuation, crypto price prediction resource Telegaon has already projected a timeline for the $1 price target.
Please #DYOR* after all
Shiba Inu investors could see their $1,000 investments skyrocket to substantial levels if SHIB ever claims a $1 price.
While the crypto market has already embarked on a rebound campaign, the losses of the past month have not been fully recovered. For instance, Bitcoin (BTC) is up 10.66% this month, as opposed to the 14.94% drop recorded in April.
Shiba Inu’s 27.16% decline last month suggests that it still has a long way to go before recouping all of April’s losses despite an 11.12% gain this month. Meanwhile, multiple market analysts have identified a Shiba Inu symmetrical triangle on the daily chart, projecting massive price gains when the breakout is completed.
Worth of $1,000 at a SHIB Price of $1
Most of these targets have been in fractions of a cent, but some commentators have not shied away from predicting an audacious $1 price. While such a projection is near impossible, the prospect has indeed caught the attention of market participants.
Hypothetically, to present a clear idea of just how massive a rally to $1 could be, The Crypto Basic assessed its impact on a $1,000 investment in Shiba Inu today. Notably, committing $1,000 to SHIB at the current value of $0.00002489 will amass 40,176,777 (40.18 million) tokens.
The worth of these SHIB tokens would skyrocket to $40.18 million if Shiba Inu ever clinched a $1 price. For better context, a $1 investment in Shiba Inu at the current value would yield $40,176 and a $10 investment would bring in $401,767 if SHIB reached the $1 price.
Is a $1 Price Realistic for Shiba Inu?
This assessment presents a clear picture of the extent of the gains a rise to $1 would yield, further confirming that such a rally might not be possible in the near future. For context, a surge to $1 would lead to a $589 trillion market cap for Shiba Inu, making it the largest asset in the world by a large margin.
While there isn’t enough money in the world to back up this valuation, crypto price prediction resource Telegaon has already projected a timeline for the $1 price target.
Please #DYOR* after all
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Michael Saylor: Ethereum ETF Approval Expands Bitcoin Opportunities.
#MicroStrategy President Michael Saylor considers the US SEC's approval of #Ethereum spot ETFs as a positive development and suggests that this could be more beneficial for Bitcoin. Saylor expressed this view during an episode of the “What Bitcoin Did” podcast with host Peter McCormack on May 25. He discussed the implications of the SEC's decision to approve eight Ethereum spot ETFs on May 23
Saylor, who previously had reservations about the possibility of Ethereum ETFs being approved by the SEC, has now changed his stance. He sees this development as a potential catalyst that could strengthen the entire crypto industry, including Bitcoin. In his own words: Additionally, MicroStrategy's founder explained that the approval of Ethereum spot ETFs acts as an additional layer of defense for Bitcoin. He expects this development to accelerate institutional adoption, as previously cautious investors may now view cryptocurrencies as a legitimate asset class
Saylor predicts that mainstream investors will allocate a portion of their portfolios to crypto, with Bitcoin taking up most of those allocations. He suggests that while investors allocate 5% or 10% of their portfolios to the crypto asset class, Bitcoin will make up 60% to 70% of this share
Saylor's previous stance was that Ethereum and other tokens such as #BNB , #Solana , #XRP , and Cardano would not receive the same treatment as Bitcoin. Therefore, the crypto community is not unaware of Saylor's return. Comments from industry figures like Joe Carlasare and Ricky Bobbyy reflect surprise at Saylor's drastic 180-degree change, wondering whether he will start investing in ETH
Saylor's support of Ethereum ETFs is a significant sign of change in the crypto world. The belief that this move will accelerate institutional adoption and consolidate Bitcoin's dominance presents a promising picture for the future of cryptos. As the market evolves, Saylor's insights can be instrumental in shaping investor strategies and industry trends.
$BNB $SOL $XRP
#MicroStrategy President Michael Saylor considers the US SEC's approval of #Ethereum spot ETFs as a positive development and suggests that this could be more beneficial for Bitcoin. Saylor expressed this view during an episode of the “What Bitcoin Did” podcast with host Peter McCormack on May 25. He discussed the implications of the SEC's decision to approve eight Ethereum spot ETFs on May 23
Saylor, who previously had reservations about the possibility of Ethereum ETFs being approved by the SEC, has now changed his stance. He sees this development as a potential catalyst that could strengthen the entire crypto industry, including Bitcoin. In his own words: Additionally, MicroStrategy's founder explained that the approval of Ethereum spot ETFs acts as an additional layer of defense for Bitcoin. He expects this development to accelerate institutional adoption, as previously cautious investors may now view cryptocurrencies as a legitimate asset class
Saylor predicts that mainstream investors will allocate a portion of their portfolios to crypto, with Bitcoin taking up most of those allocations. He suggests that while investors allocate 5% or 10% of their portfolios to the crypto asset class, Bitcoin will make up 60% to 70% of this share
Saylor's previous stance was that Ethereum and other tokens such as #BNB , #Solana , #XRP , and Cardano would not receive the same treatment as Bitcoin. Therefore, the crypto community is not unaware of Saylor's return. Comments from industry figures like Joe Carlasare and Ricky Bobbyy reflect surprise at Saylor's drastic 180-degree change, wondering whether he will start investing in ETH
Saylor's support of Ethereum ETFs is a significant sign of change in the crypto world. The belief that this move will accelerate institutional adoption and consolidate Bitcoin's dominance presents a promising picture for the future of cryptos. As the market evolves, Saylor's insights can be instrumental in shaping investor strategies and industry trends.
$BNB $SOL $XRP
A former Chinese takeaway worker found guilty of money laundering after police seized more than £3bn worth of Bitcoin has been jailed for more than six years.
Jian Wen, 42, came to the attention of police when she tried to buy some of London's most expensive properties, including a £23.5m seven-bedroom Hampstead mansion with a swimming pool and a nearby £12.5m home with a cinema and gym.
The investigation led to the UK's biggest-ever cryptocurrency seizure when more than 61,000 Bitcoin were discovered in digital wallets.
The cryptocurrency was worth £1.4bn at the time but its value has now risen to more than £3bn, while 23,308 Bitcoin, now worth more than £1bn, linked to the probe remains in circulation.
The Bitcoin allegedly came from a £5bn investment scam carried out in China between 2014 and 2017.
Wen was not involved in the fraud but was said to have acted as a "front person" to help disguise the source of the money, some of which had been used to buy cryptocurrency and smuggled out of China on laptops.
Wen rented a £17,000-a-month house in Hampstead.
She was found guilty of one count of money laundering, relating to 150 Bitcoin, now worth nearly £8m, between October 2017 and January 2022 last month following a retrial at Southwark Crown Court.
Disclaimer;#DYOR
Jian Wen, 42, came to the attention of police when she tried to buy some of London's most expensive properties, including a £23.5m seven-bedroom Hampstead mansion with a swimming pool and a nearby £12.5m home with a cinema and gym.
The investigation led to the UK's biggest-ever cryptocurrency seizure when more than 61,000 Bitcoin were discovered in digital wallets.
The cryptocurrency was worth £1.4bn at the time but its value has now risen to more than £3bn, while 23,308 Bitcoin, now worth more than £1bn, linked to the probe remains in circulation.
The Bitcoin allegedly came from a £5bn investment scam carried out in China between 2014 and 2017.
Wen was not involved in the fraud but was said to have acted as a "front person" to help disguise the source of the money, some of which had been used to buy cryptocurrency and smuggled out of China on laptops.
Wen rented a £17,000-a-month house in Hampstead.
She was found guilty of one count of money laundering, relating to 150 Bitcoin, now worth nearly £8m, between October 2017 and January 2022 last month following a retrial at Southwark Crown Court.
Disclaimer;#DYOR
KENYA PARTNERS WITH MARATHON TO MONETIZE UNDERUSED ENERGY BY MINING
The country will now monetize underutilized energy by mining and jointly develop technology projects.
Kenya has signed a deal with Bitcoin miner Marathon Digital Holdings to monetize the country's underutilized energy resources. This partnership, announced by Marathon's CEO Fred Thiel on X, marks a significant step towards leveraging Kenya's surplus energy for Bitcoin mining and technological development.
"Kenya has a special spot in the history of digital currencies as it is the home of M-PESA, which in 2007 was one of the first ways for people in Kenya and now across Africa to transmit value digitally by using mobile phone credits," stated Thiel. "Today tens of millions of people across Africa use M-PESA for branchless money transfers. Marathon is proud to play a part in the next phase."
Earlier this month, Kenya and Marathon Digital Holdings initiated their partnership, with President William Ruto confirming that Marathon is in consultations with Kenya's National Treasury and Ministry of Energy regarding the mining operations. This collaboration aims to harness Kenya's abundant underutilized energy and monetize it via mining.
Kenya's geothermal energy capacity is substantial, with the country being one of the leading producers of geothermal power in Africa. Despite this, a significant portion of the generated energy remains untapped. By partnering with Marathon Digital Holdings, Kenya seeks to turn this surplus into a valuable resource, generating additional revenue and promoting energy efficiency.
The deal involves not only the use of untapped energy for mining but also the joint development of technology projects that could benefit the country's infrastructure and technological landscape.
President Ruto emphasized the potential benefits of their partnership earlier this May, stating that "Kenya means business." By effectively utilizing excess energy, Kenya can boost its economy, create jobs, and position itself as a leader in sustainable energy and technology.
Always #DYOR
The country will now monetize underutilized energy by mining and jointly develop technology projects.
Kenya has signed a deal with Bitcoin miner Marathon Digital Holdings to monetize the country's underutilized energy resources. This partnership, announced by Marathon's CEO Fred Thiel on X, marks a significant step towards leveraging Kenya's surplus energy for Bitcoin mining and technological development.
"Kenya has a special spot in the history of digital currencies as it is the home of M-PESA, which in 2007 was one of the first ways for people in Kenya and now across Africa to transmit value digitally by using mobile phone credits," stated Thiel. "Today tens of millions of people across Africa use M-PESA for branchless money transfers. Marathon is proud to play a part in the next phase."
Earlier this month, Kenya and Marathon Digital Holdings initiated their partnership, with President William Ruto confirming that Marathon is in consultations with Kenya's National Treasury and Ministry of Energy regarding the mining operations. This collaboration aims to harness Kenya's abundant underutilized energy and monetize it via mining.
Kenya's geothermal energy capacity is substantial, with the country being one of the leading producers of geothermal power in Africa. Despite this, a significant portion of the generated energy remains untapped. By partnering with Marathon Digital Holdings, Kenya seeks to turn this surplus into a valuable resource, generating additional revenue and promoting energy efficiency.
The deal involves not only the use of untapped energy for mining but also the joint development of technology projects that could benefit the country's infrastructure and technological landscape.
President Ruto emphasized the potential benefits of their partnership earlier this May, stating that "Kenya means business." By effectively utilizing excess energy, Kenya can boost its economy, create jobs, and position itself as a leader in sustainable energy and technology.
Always #DYOR
Cryptocurrencies provide a decentralized way of trading, but finding one's way round such a huge field of coins and through all those tokens can be quite daunting. Before making any investment or becoming involved on one of the many networks for a cryptocurrency, you should be sure to undertake extensive research and analysis.
This complete guide takes us through every aspect to consider when deciding on a given cryptocurrency. We will look at underlying technology and market dynamics, going on
This complete guide takes us through every aspect to consider when deciding on a given cryptocurrency. We will look at underlying technology and market dynamics, going on
#Bitcoin❗
Bitcoin, often hailed as the digital gold has dominated the crypto market since its introduction in 2009. As of May 2024, the price of Bitcoin has crossed the threshold of $70,000. Investors favor this prominent cryptocurrency for its widespread acceptance and substantial market cap.
For short-term investments, Bitcoin offers high liquidity, making it an attractive option for investors looking to make quick entries and exits. Its price can experience significant swings based on global economic news, regulatory changes, or technological advancements, such as the recent halving event which typically influences its value
#Ethereum
Ethereum transcends its role as merely a cryptocurrency. It’s the backbone for a vast array of decentralized applications. The adaptability of Ethereum’s platform allows it to host numerous innovations, including smart contracts and non-fungible tokens (NFTs), which are reshaping the digital landscape.
For short-term traders, Ethereum’s frequent updates and the anticipated transition to proof-of-stake (PoS) offer potential price movements worth capitalizing on. As Ethereum continues to develop, its price reacts to technological upgrades and broader adoption rates.
Bitcoin, often hailed as the digital gold has dominated the crypto market since its introduction in 2009. As of May 2024, the price of Bitcoin has crossed the threshold of $70,000. Investors favor this prominent cryptocurrency for its widespread acceptance and substantial market cap.
For short-term investments, Bitcoin offers high liquidity, making it an attractive option for investors looking to make quick entries and exits. Its price can experience significant swings based on global economic news, regulatory changes, or technological advancements, such as the recent halving event which typically influences its value
#Ethereum
Ethereum transcends its role as merely a cryptocurrency. It’s the backbone for a vast array of decentralized applications. The adaptability of Ethereum’s platform allows it to host numerous innovations, including smart contracts and non-fungible tokens (NFTs), which are reshaping the digital landscape.
For short-term traders, Ethereum’s frequent updates and the anticipated transition to proof-of-stake (PoS) offer potential price movements worth capitalizing on. As Ethereum continues to develop, its price reacts to technological upgrades and broader adoption rates.
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