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Month: May 2022

$XRP: RippleNet General Manager: We Have Bigger Ambitions Than Replacing SWIFT
30May By Cryptolifedigital1 Comment
Cryptocurrency

$XRP: RippleNet General Manager: We Have Bigger Ambitions Than Replacing SWIFT

Lately, Asheesh Birla, General Manager of RippleNet, at Californian FinTech firm Ripple, spoke to journalist Kathy Chu, who is currently Senior Crypto Correspondent at news organization TruthDAO. In the course of the interview, which was released last Thursday (May 26), the RippleNet GM made several interesting comments. Below are a few highlights. Read Also: Hoskinson Points Out That Network Activity for Cardano Is Second Only to Bitcoin On U.S. SEC’s Lawsuit Against Ripple Labs “I think… the entire crypto industry is looking at this case to set precedence. So, I think it’s not important just for Ripple. I think it’s important for the entire crypto industry… “In terms of how it’s impacted us, we are coming off of record growth in our business and in Rip...
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Hoskinson Points Out That Network Activity for Cardano Is Second Only to Bitcoin
30May By Cryptolifedigital3 Comments
Cryptocurrency

Hoskinson Points Out That Network Activity for Cardano Is Second Only to Bitcoin

On Sunday (May 29), Charles Hoskinson, Co-Founder, and CEO of Input-Output Global (“IOG”), the company responsible for Cardano’s research and development, took a closer look at 24-hour transaction volumes across major blockchains. Hoskinson sent out that seemed to reveal that – based on data by Messari — 24-hour transaction volume for Cardano was $9.57 billion, which means that it was second only to that of Bitcoin and higher than that of Ethereum. Read Also: Tether’s USDT Launches On Polygon https://twitter.com/IOHK_Charles/status/1530908195169783808 At the Writer’s time  (i.e. 8:52 a.m. UTC on May 30), the 24-hour transaction volumes for Bitcoin, Cardano, and Ethereum are $10.32 billion, $9.24 billion, and $2.52 billion. This must have been a ni...
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Tether’s USDT Launches On Polygon
30May By Cryptolifedigital1 Comment
Blockchain

Tether’s USDT Launches On Polygon

Tether is making headlines following the latest reports. Check them out below. Tether launches stablecoin on Polygon Tether has released its USDT stablecoin on Polygon (formerly Matic Network), expanding its reach in the crypto market. Just in case you don’t know, Polygon is the 11th blockchain USDT will be available on, after Ethereum, Solana, Avalanche, Algorand, Tron, Omni, EOS, Liquid Network, Kusama, and Bitcoin Cash’s Standard Ledger Protocol. Read Also: Over 96.95 Billion Shiba Inu (SHIB) Burnt within the Past 24 Hours and 2.41 Billion in the Past 7 Days. Tether also recently said that USDT’s launch on Polygon will help the blockchain network’s ecosystem. There are currently more than 19,000 decentralized applications running on Polygon. Their users can now utilize U...
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96 Million Shiba Inu Burnt In 24 Hours, 2.41 Billion in 7 Days: Contribution Details
30May By Cryptolifedigital5 Comments
Cryptocurrency

96 Million Shiba Inu Burnt In 24 Hours, 2.41 Billion in 7 Days: Contribution Details

Data from the tracking platform Shibburn reveals that past week over 2.41 Billion tokens of the dog-inspired cryptocurrency Shiba Inu (SHIB) was burned with nearly 236 separate transactions. 1Cent token and Travis Johnson’s SHIB Burn Games are among the major SHIB Burn contributors of the Week. According to a recent tweet from Shibaburn.com, the SHIB Army has permanently removed a whopping total of 2,417,015,301 (2.41B) SHIB tokens from circulation in the last seven days through 236 separate transactions. Read also: Dogecoin (DOGE) Gets Elon Musk’s Nod as a Payment Option for Tesla and SpaceX Merchandise https://twitter.com/shibburn/status/1530760863778471936 1CENT Weekly BURN EVENT: Among prominent SHIB Burners, the SHIB-inspired token, “1Cent,” organized its Weekly Burn...
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Cardano-Ethereum USDC Bridge Is Already Live, Here’s How to Use It
29May By CryptolifedigitalNo Comments
Cryptocurrency

Cardano-Ethereum USDC Bridge Is Already Live, Here’s How to Use It

Investors and users who wish to bridge their USDC from the Ethereum blockchain to Cardano can now do so through Milkomeda. The user bridges Ethereum-based USDC to Milkomeda and then transfers it to Cardano as Cardano Native Asset. To perform a swap, users would need at least four MilkAda tokens in their wallets, which is required by Milkomeda and Iagon Token Bridge. If a user does not have enough or any milkAda tokens in a wallet, they can transfer ADA from any Cardano wallet to an EVM wallet and get their tokens. Read Also: Shiba Inu Large Transactions Spike by 122%, Due to Surge in Whales' Interest in SHIB After getting the necessary tokens, users should continue to the bridge page and connect their Cardano wallet with Nami or Flint wallets. Then, users would need to choos...
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Shiba Inu Large Transactions Spike by 122%, Due to Surge in Whales’ Interest in SHIB
28May By Cryptolifedigital1 Comment
Cryptocurrency

Shiba Inu Large Transactions Spike by 122%, Due to Surge in Whales’ Interest in SHIB

Shiba Inu whales have been more active in the last 24 hours, as stated by IntoTheBlock data, with a 122% spike in large transactions. Large transaction surges are typically linked to increased activity from whales who are either buying or selling and these total more than $100,000. Read Also: Cardano Has Tendency To Become Scarce Asset Like Bitcoin: Community WhaleStats' analysis of the top 100 Shiba Inu holders reflects an 8.28% spike in active addresses as crypto whales interacted with billions of Shiba Inu, leading to an increase in the number of large transactions. WhaleStats has detected large Shiba Inu purchases in the last 24 hours. https://twitter.com/WhaleStats/status/1530294902038446083 "BlueWhale0073," ranked 312th on WhaleStats, rece...
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Cardano Has Tendency To Become Scarce Asset Like Bitcoin: Community
28May By Cryptolifedigital1 Comment
Cryptocurrency

Cardano Has Tendency To Become Scarce Asset Like Bitcoin: Community

As stated by "ADA whale," a Cardano community-focused Twitter account, Cardano remains one of the few coins that comes close to Bitcoin's distribution and inflation. He also feels that ADA could become a highly scarce asset at some point in the future, as it may follow a BTC-like path. Read also: Ethereum Beacon Chain Forks, Resolved https://twitter.com/cardano_whale/status/1530351492770582528 The  "ADA whale" thinks that Bitcoin got its dynamics right because of its fair distribution, its price staying low long enough to allow many to buy, and its fixed supply. Satoshi Nakamoto, the enigmatic Bitcoin creator, believes that scarcity may create value; hence, the highest supply of Bitcoin was limited to 21 million coins. The  19 millionth Bitcoi...
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Ethereum Gas Fees Touch New Lows, What’s Ahead For Ethereum
28May By Cryptolifedigital2 Comments
Cryptocurrency

Ethereum Gas Fees Touch New Lows, What’s Ahead For Ethereum

Ethereum is one of the most widely-adopted cryptocurrency projects worldwide. Yet, it’s hated worldwide for its sky-high gas (transaction) fees. Users globally constantly complain about the coin’s terribly-high transaction prices on various social media platforms. Read also: Dogecoin (DOGE) Gets Elon Musk’s Nod as a Payment Option for Tesla and SpaceX Merchandise Shockingly, Santiment, an on-chain and metrics platform, published on Twitter a report showing Ethereum’s transaction prices plummeting to their lowest. https://twitter.com/MsCryptomom1/status/1528016341155753984 The Ethereum Platform Ethereum is a distributed, permissionless, and open-source blockchain that provides users access to a smart contract. It is the second-largest blockchain by market capitalization, f...
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Dogecoin (DOGE) Gets Elon Musk’s Nod as a Payment Option for Tesla and SpaceX Merchandise
28May By Cryptolifedigital2 Comments
Cryptocurrency

Dogecoin (DOGE) Gets Elon Musk’s Nod as a Payment Option for Tesla and SpaceX Merchandise

Tesla Merchandise can now be purchased using the meme-coin with the use of Dogecoin as a payment option for SpaceX merch to be integrated soon. Elon Musk”s announcement on the Dogecoin integration as a means of payment can be seen in the tweet below: https://twitter.com/elonmusk/status/1530209049261658112 Mr. Musk’s announcement of Dogecoin integration as a payment option for Tesla and SpaceX merchandise was met with excitement by the crypto and DOGE communities. Read Also: Terra Goes Live With New Blockchain and LUNA Airdrop Some DOGE community members asked Elon Musk whether Dogecoin will soon be accepted as a payment option for Tesla vehicles and even Starlink subscriptions. Below are some samples in response to Elon’s announcement on Dogecoin payment for Tesla and SpaceX...
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Terra Goes Live With New Blockchain and LUNA Airdrop
28May By Cryptolifedigital1 Comment
Blockchain

Terra Goes Live With New Blockchain and LUNA Airdrop

The blockchain went live with an airdrop of new LUNA tokens earlier this morning. The new Terra blockchain is live. Terraform Labs took to Twitter today to confirm that the new network had started producing blocks. It was released at 06:00 UTC, accompanied by a token airdrop for previous LUNA and UST holders.  Read Also: Terra to burn 1B UST from the community pool as holders vote for it https://twitter.com/terra_money/status/1530432065585528834 The new blockchain release is an attempt to salvage what remains of the Terra community in the wake of the blockchain’s stunning collapse at the onset of this month. Terra’s algorithmic stablecoin UST previously debugged from the dollar on March 8th, sending its associated token into a death spiral. A few days ago, UST was tr...
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