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Half-Billion SHIB Burnt by Shiba Community: Report
21May By Cryptolifedigital1 Comment
Cryptocurrency

Half-Billion SHIB Burnt by Shiba Community: Report

In the late tweet, the Shibburn crypto tracking platform said that in the past 24 hours, nearly half a billion  Shib tokens have been shifted to dead addresses to be forever removed from the circulating supply. Read Also: IOHK Announces Next Cardano Project Catalyst to Begin in June: Details Nearly a billion Shiba Inu coins destroyed As stated in the recent tweet, since last morning, a total of 440,626,338 Shiba Inu canine tokens were moved to wallets from which they cannot be spent, taking 55 transfers. Within a few hours after this report, another 32,650,000 SHIB was burned in merely 2 transactions, according to Shibburn. Read Also: Cardano Might Pull Off a 100% Recovery If This Pattern Plays Out Correctly: Details https://twitter.com/shibburn/stat...
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IOHK Announces Next Cardano Project Catalyst to Begin in June: Details
21May By Cryptolifedigital3 Comments
Cryptocurrency

IOHK Announces Next Cardano Project Catalyst to Begin in June: Details

As stated by  IOHK, Project Catalyst Fund9 is expected to kick off on June 1, according to the team's announcement at the catalyst town hall. This comes after a successful Fund8, with the winners already announced. The upcoming Project Catalyst Fund9 expects over 1,000 proposals to be submitted, with $16 million worth of ADA already earmarked for grants and ecosystem rewards. Project Catalyst is a collaborative effort between the Cardano community and Cardano's parent company, IOHK, to encourage Cardano network development. Read Also: Is Cardano’s [ADA] rally probable yet? The answer might impress you: ANALYSIS The community provides challenges across a range of Cardano-related projects during each funding round. The community then responds to these concerns by presenti...
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Cardano (ADA) Adds Over 70,000 New Wallets within a Month In Spite Of Market Instability
21May By CryptolifedigitalNo Comments
Cryptocurrency

Cardano (ADA) Adds Over 70,000 New Wallets within a Month In Spite Of Market Instability

Cardano ecosystem has been recording huge growth since the introduction of the Alonzo hard fork in September 2021, which implemented smart contract functionality on the proof-of-stake (PoS) blockchain. This notable growth is based on new features and updates, including buyer interest as over 2,000 new wallets are being created on the network daily over the past month despite market volatility. Read Also: Vitalik Buterin, Ethereum Co-founder Says He Is No Longer A Billionaire As stated by data from Cardano Blockchain Insights, on the 19th of April, there were 3,268,890 Cardano (ADA) holders compared to 3,339,101 on the 19th of May. This indicates the addition of 70,211 ADA addresses within a month and an average of 2,340 daily addition. However, Cardano whale transactions ...
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Vitalik Buterin, Ethereum Co-founder Says He Is No Longer A Billionaire
21May By Cryptolifedigital1 Comment
Cryptocurrency

Vitalik Buterin, Ethereum Co-founder Says He Is No Longer A Billionaire

The Ethereum exec was also affected by last week’s cryptocurrency dip that wreaked havoc on investors.  Following the late market turmoil that the prices of all digital currencies, Vitalik Buterin, the co-founder of the second-largest cryptocurrency Ethereum (ETH), has revealed that he is no longer a billionaire. Read Also: Elon Musk To Serve As Temporary Twitter CEO After Finalization: Report Buterin, 28, made the revelation on Twitter recently, saying: “I’m not a billionaire anymore.” https://twitter.com/VitalikButerin/status/1527657553441673217 Although he did not add any comment to the tweet, it is evident that the Ethereum developer and co-founder were also affected by last week’s dip that plunged the prices of all cryptocurrency assets, including Ethereum. B...
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Elon Musk And DOGE Co-Founder Troll Crypto Scam Bots on Twitter
21May By Cryptolifedigital1 Comment
Cryptocurrency

Elon Musk And DOGE Co-Founder Troll Crypto Scam Bots on Twitter

Centibillionaires  Elon Musk, chief of Tesla, SpaceX, and a few other companies, has reacted to a tweet by Dogecoin's co-founder about crypto scam bots. Billy Markus mocked bot accounts on Twitter by showing that they frequently have avatar pictures of cute men and women. Read Also: Is Cardano’s [ADA] rally probable yet? The answer might impress you: ANALYSIS https://twitter.com/elonmusk/status/1527790286864367616 Elon Musk promises to deal with crypto scam bots Lately, Elon musk has several times introduced Twitter discussions about crypto scam bots that have been encroaching the Twitter space. One of the problems Musk said he would solve when he buys Twitter and takes it private is to get rid of these fake accounts. However, the “when” has recently become an “if...
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Is Cardano’s [ADA] rally probable yet? The answer might impress you: ANALYSIS
21May By Cryptolifedigital2 Comments
Cryptocurrency

Is Cardano’s [ADA] rally probable yet? The answer might impress you: ANALYSIS

Cardano’s [ADA] price has been under a strong bearish influence, especially since dropping from the vital $1.2-resistance. After falling below the 20 EMA (red) and 50 EMA (cyan), the altcoin was on a streak of liquidations while correlating with the broader sell-offs. Read Also: Dogecoin Will Rise15% If This Pattern Plays Out Correctly Altering the overall outlook was still a long shot for the bulls while they had to find renewed buying pressure to snap the constraints of the 23.6% Fibonacci resistance. At press time, ADA traded at $0.5307, down by 3.12% in the last 24-hours. ADA Daily Chart Aggressive seel-offs from the $1.2-ceilling lead to a 67.35% drop from ADA’s April highs. As a result, after falling below its Point of Control (POC, red), ADA poked its 15-month low on 12...
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DOGE Returns As Top Purchased Coin by BNB Whales
21May By CryptolifedigitalNo Comments
Cryptocurrency

DOGE Returns As Top Purchased Coin by BNB Whales

According to WhaleStats and its division that tracks the 100 largest wallets on BNB Chain (formerly known as Binance Smart Chain – BSC),  Dogecoin has again been spotted on the top ten digital currencies list that most giant BNB whales are buying en masse. Read Also: Dogecoin Co-Founder Makes Important Statement Asides from the DOGE, on that list there are USDC, BNB, BabyDoge, ETH, and other cryptos. BNB whales are holding a $27,439,092 worth of DOGE, which is 1.94 percent of their comprised portfolio. Read Also: Shiba Inu Got support From Thousands of Restaurants in 65 Countries Through the Lavu and Verifone Collaboration https://twitter.com/WhaleStatsBSC/status/1527804841845739523 As covered by cryptolifedigital earlier, as stated by the data shared by the ...
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Shiba Inu Got support From Thousands of Restaurants in 65 Countries Through the Lavu and Verifone Collaboration
20May By Cryptolifedigital2 Comments
Cryptocurrency

Shiba Inu Got support From Thousands of Restaurants in 65 Countries Through the Lavu and Verifone Collaboration

Shiba Inu can now be accepted by thousands of restaurants in more than 65 countries as Lavu and Verifone announce a new collaboration. Lavu, global restaurant software and payments solution provider, and Verifone, a payment solution provider, have disclosed a new cross-distribution partnership that will integrate Lavu’s restaurant software suite with Verifone’s payment solutions, thus benefiting both Lavu and Verifone customers. Read Also: Dogecoin Co-Founder Makes Important Statement The strategic partnership seeks to permit both Verifone and Lavu to give a unified point of scale (POS) and payment experience to their users, inclusive of cryptocurrencies. Crypto payment methods available to both sets of customers include Bitcoin, Ethereum, Litecoin, Dogecoin, Shiba...
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Dogecoin Co-Founder Makes Important Statement
20May By Cryptolifedigital1 Comment
Cryptocurrency

Dogecoin Co-Founder Makes Important Statement

One of the founders of the Dogecoin project has posted an important reminder on his official  Twitter account about his connection to the cryptocurrency in its present state. In his post, Billy Markus said that he is no more working on Dogecoin. He left the meme currency a full seven and a half years ago, and he will never start working on it again despite being one of the biggest ambassadors for Due. Read Also: Ripple CEO Says SEC Case Could Resolve This Year Though some users do not support his decision, he plans to show what true decentralization is. While Dogecoin is not the most technically sophisticated ecosystem in the industry, it still undergoes active development despite the lack of a "leader." "Shibetoshi Nakamoto" has also touched on the definition o...
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Ripple Invests $100 Million into Tackling Climate Change
19May By Cryptolifedigital1 Comment
Cryptocurrency

Ripple Invests $100 Million into Tackling Climate Change

Blockchain firm Ripple has announced a $100 million investment in fighting climate change.The nine-figure funding will help to speed up the modernization of the carbon credit market.Carbon markets allow companies and individuals to trade carbon credits for offsetting CO2 emissions that some companies cannot eliminate. Read Also: Ethereum Testnet, Ropsten to Face Consolidation(transition from proof-of-work to a proof-of-stake network) in Early June Ripple also says will invest in new functionality that enables the tokenization of carbon credits. CEO Brad Garlinghouse proves that the blockchain company can play "a catalytic role" to raise the carbon market. The blockchain company has been boosting its green cred for a quite long period. In the previous October, Garlinghouse sa...
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