Shiba Inu’s (SHIB) Shibarium To Pay Dividends Via Social Projects

https://dailycoin.com/shiba-inus-shib-shibarium-to-pay-dividends-via-social-projects/

Shiba Inu’s (SHIB) Shibarium To Pay Dividends Via Social Projects

  • SHIB Army’s social networks to share dividends between holders.
  • Bone ShibaSwap’s official Twitter announces Shibarium Beta launch date.
  • BONE Soars 15% following the news, meanwhile Shiba Inu (SHIB) slips 3%.

The gas fee token of the upcoming Layer-2 upgrade for Shiba Inu (SHIB) soared by 15% in a few hours after the announcement from Bone ShibaSwap’s official Twitter account, urging the holders to mark their calendar for next week, as Shibarium Beta should go live according to ShibaSwap.

At press time, Bone ShibaSwap (BONE) trades at $1.95, according to CoinGecko. With 15.3% gains in the last 24 hours, the governance token for Shibarium is having bullish momentum throughout the month with 38.4% gains in the last 30 days. With 90% of Shiba Inu’s BONE in circulation and a limited supply, Shibarium’s only gas token is close to entering TOP 100 by global crypto market capitalization.

SHIB Army Socials To Pay Revenue

According to the plan revealed by creator of ShibArmy(.)co, ShibArmy(.)VIP social portals, SHIB Dream, revealed that the inaugural Shib Dream NFT collection will also be one of the first projects on Shiba Inu’s Layer-2 scaling solution. Further on, the prominent member of SHIB Army outlined the key points in the roadmap of the upcoming NFT collection:

  • Limited supply of 3333 NFTs with 5% of yield set ablaze on SHIB Burn.
  • Crypto prize pool with $15,800 in SHIB, BONE & LEASH tokens.
  • 15% shared dividends between ShibArmy(.)co, ShibArmy(.)VIP members.
  • 5% of all profits goes to St Jude’s Children’s Hospital and education.
  • 7% of all profits goes to World Central Kitchen LADS Shiba Sequoia Forest.

On the contrary to Bone ShibaSwap (BONE), the recent news didn’t have an instant impact on Shiba Inu’s (SHIB) market price. At press time, #15 ranked Japanese guard dog themed crypto SHIB is priced at $0.00001321, according to CoinGecko. With a 2.8% deficit in the last 24 hours, Shiba Inu (SHIB) is still confidently above the fundamental support line of $0.00001, which has been successfully retained since January 14th, 2023.

On The Flipside:

  • The timeframe provided by Bone ShibaSwap’s Twitter is unconfirmed by main developer Shytoshi Kusama, who recently said ‘soon’.
  • The possible launch of Shibarium Beta doesn’t mean that the Layer-2 will be openly available to the public, as it’s likely to be closed beta.
  • However, Shibarium’s launch next week would mark an important milestone towards releasing the full version of Shibarium blockchain.
  • Shiba Inu community grows further with charity donation plans through social media.

Why you should care:

The Shiba Inu community, popularly known as SHIB Army, is anticipating Shibarium to be a game-changer for the two-year old dog-themed memecoin.

Track the latest moves of Shiba Inu:

Shiba Inu (SHIB) Main Dev Explains Purge, Outlines 2023 Goals

Fake ChatGPT Tokens Emerge in Abundance After Elon Musk’s Tweet

https://dailycoin.com/fake-chatgpt-tokens-emerge-after-elon-musks-tweet/

Fake ChatGPT Tokens Emerge in Abundance After Elon Musk’s Tweet

  • PeckShield reveals honeypot schemes using ChatGPT’s name.
  • Elon Musk’s tweet inspires a truth-telling robot-themed cryptocurrency.
  • TruthGPT chatbot went live on Telegram on February 19th, 2023.

Crypto security company PeckShield recently announced that there had been a wave of pump-and-dump schemes using the popular artificial intelligence as a cover for scams. According to the report, two schemes have an unusually high sell tax rate, while another two have dropped by 99%. 

Moreover, PeckShield indicates that one serial crypto scammer is responsible for over ten new fraudulent smart contracts. Deployer 0xb583 has successfully scammed using a honeypot technique, deploying susceptible contracts and baiting the victims with money.

ChatGPT Faces Unexpected Competition

On the bright side, Elon ‘Chief Twit’ Musk’s February 17th tweet remarking that “What we need is a TruthGPT” inspired new artificial intelligence. Supporting programmers on Crypto Twitter were so eager about the idea that a truth-telling, and supposedly the most objective chatbot, surfaced on Telegram two days later.

The free-to-use chatbot presents an indie alternative to ChatGPT and quickly gained popularity on Telegram for having a sense of humor. For example, when asked, “What is the truth?” the TruthGPT chatbot warmly responds, “Welcome to your awakening, comrade! Everyone needs to think for themselves and not just accept what the mainstream media tells them to accept.”

Besides, the artificial intelligence launched its native token TruthGPT (TruthGPT), which has 728 holders on the Ethereum (ETH) network and is priced at $0.007 with a total market value of $7,707,676, according to Poocoin.app.

On The Flipside:

  • TruthGPT cannot be considered a serious competitor for ChatGPT or OpenAI, as the independent project has just 733 followers on Twitter and is based on a memecoin.

Why you should care:

It’s essential to stay aware of security breaches in crypto, as blockchain data reveals a successful model exploited by fraudsters.

Learn more about the latest developments in memecurrencies:

Shiba Inu (SHIB) Main Dev Explains Purge, Outlines 2023 Goals

Memecoin Floki (FLOKI) Dips 10% Despite Listing Surge

Blur Outstrips OpenSea with $500M Worth of NFTs Traded in a Week

https://dailycoin.com/blur-outstrips-opensea-with-500m-worth-of-nfts-traded-in-a-week/

Blur Outstrips OpenSea with $500M Worth of NFTs Traded in a Week

  • Blur NFT marketplace launched native token seven days ago with a free airdrop.
  • Targeting blue-chip NFT collectors, Blur NFT trading volume tops OpenSea’s.
  • Opepen Edition NFT art collection surges 1073.33%, Mutant Apes top traded.

Founded by developer Pacman, the new Ethereum-based NFT marketplace Blur emerged in October 2022 with the ambition to provide the perfect marketplace for NFT professionals, such as NFT art collectors or digital artists. Blur introduced zero marketplace fees and claims to process transactions ten times faster than the main competitors.

Indeed, the freshly arrived NFT marketplace already hosts big names in the trending list, such as Mutant Ape Yacht Club (MAYC), Doodles, Meebits, Porsche 911, Bored Ape Kennel Club (BAKC), and more. However, the most noticeable surge this week is claimed by digital artist Jack Butcher, who owns the VV Checks art project.

Currently, Jack Butcher’s newest contemporary art Opepen Edition NFT is in the limelight with a 1073.33% weekly surge in volume, also upping the NFT floor price to 0.88 Ethereum (ETH). Interestingly, the same abstract art collection is trending on rival OpenSea, while both marketplaces scooped up around 10,000 Ethereum (ETH) in trading sales on Opepen NFT.

Did Whales Get The Best Out Of BLUR?

With the recent success, Crypto Twitter is now boiling with allegations that the Blur (BLUR) token was airdropped disproportionately, thus leaving 23 users with the biggest piece of the pie. While the ambiguity surrounding the free airdrop escalated, it didn’t stop Blur from inking 66.8% in the green in the first week, claiming a $420 million market cap and currently trading at $1.09, according to CoinGecko.

On top of that, blockchain data analytics tool LookOnChain indicates several unusual transactions after a whale bought 2.52 million $BLUR tokens, which were later used to send NFTs back and forth between the same accounts to play the staking system and reap crypto rewards, as well as dramatically increase overall trading volume.

The attempt to artificially produce trading volume to gain rewards is called ‘wash trading.’ For instance, bitsCrunch CEO Vijay Pravin spotted that all three of the largest whale accounts that got airdropped around $3 million BLUR tokens each all participated in in-and-out transactions shortly after. On the other hand, the Blur NFT marketplace claims it has “10x faster sweeping” and is home to 146,823 NFT enthusiasts.

On The Flipside:

  • Despite the 320% difference in trading volume, the leading NFT marketplace OpenSea still has twice as many NFT traders as Blur, indicating that most NFTs on Blur are in the higher price range.
  • According to crypto price data aggregator CoinGecko, only 10% of BLUR tokens are in circulation, making it easier for the largest Ethereum whales to manipulate the market value.

Why you should care:

The emergence of the Blur NFT marketplace created healthy competition between NFT shops, as OpenSea reduced their marketplace fees shortly after. Besides, the NFT sphere is expected to expand into a $211 billion market by the end of 2035.

Read the top stories in NFTs:

Shiba Inu (SHIB) Main Dev Explains Purge, Outlines 2023 Goals

Memecoin Floki (FLOKI) Dips 10% Despite Listing Surge

Shiba Inu (SHIB) Main Dev Explains Purge, Outlines 2023 Goals

https://dailycoin.com/shiba-inu-shib-main-dev-explains-purge/

Shiba Inu (SHIB) Main Dev Explains Purge, Outlines 2023 Goals

  • Shytoshi Kusama unveiled the next steps in Shibarium’s Beta.
  • Lead developer outlined the challenges SHIB went through in 2022.
  • Shiba Inu gained 2.4% since the blog post was published.

The leading developer of the Shiba Inu (SHIB) Ecosystem spoke out in a lengthy blog post about the phased rollout of Shibarium Beta, the long-awaited Layer-2 scaling solution for the ERC-20 token. In addition to the yearly overview of Shiba Inu’s highlights, Shy Kusama also disclosed that he is working “to prepare the blockchain for public consumption and to keep us all safe, as well as technical aspects.”

A Year Full of Lessons for Shiba Inu

Shy Kusama describes his role in the Shiba Inu Ecosystem as “the visionary, designer, writer, speaker, and manager of business and technology.” Thus, Kusama explained why he had to discontinue the SHIB Defense Breeds, which resulted in immense backlash from members of the SHIB Army.

Despite a verbal altercation with Trophias, SHIB Queenie, and DeFiKraken, the pseudonymous leading coder appreciates their effort and contribution to the fast-growing crypto community. “There’s no way I can thank you in a single blog post for what you’ve done and will continue to do,” – Shytoshi adds.

After the dogfight escalated among members on Discord, Telegram, and Twitter, the Shiba Inu community was met with uncertainty. Still, a Twitter poll that showed 92% of members supporting Shytoshi Kusama cleared things up for the SHIB Army. Hence, the new Telegram channel set up by Kusama, “All Things Shibarium, reached the milestone of 30,000 subscribers.

On The Flipside:

Shytoshi Kusama admitted that Shibarium was the goal of 2022, and other projects like the blockchain version of Shiba Eternity and SHIB: The Metaverse failed to meet deadlines. However, Shy Kusama invites people to the upcoming SXSW 2023, where a virtual tour of SHIB: The Metaverse will be presented.

Why you should care:

Shiba Inu (SHIB) has grown substantially in both bull and bear market conditions. The dog-themed coin is constantly trending on Twitter, registering thousands of new subscribers on SHIB Token’s official social media.

Delve into the latest memecoin news:

Shibarium Developers Launch Bone ShibaSwap (BONE) Proposal

Elon Musk Appoints FLOKI as New Twitter CEO – DOGE, SHIB, & FLOKI Prices Soar

Memecoin Floki (FLOKI) Dips 10% Despite Listing Surge

https://dailycoin.com/memecoin-floki-floki-dips-10-despite-listing-surge/

Memecoin Floki (FLOKI) Dips 10% Despite Listing Surge

  • Floki, DOGE, and Shiba Inu’s mascot was crowned the new CEO of Twitter.
  • Emerging memecoin Floki fetched 95.6% gains since Musk’s tweet.
  • KuCoin opened trading pairs for Floki on February 17th, 2023.

The suddenly emerged dog-themed cryptocurrency Floki (FLOKI) enjoyed a great bull run to reach $0.00005255 on February 16th, one day after Elon Musk declared Floki Inu’s mascot dog the new CEO of Twitter. Following the announcement, popular crypto exchanges like KuCoin and OKX revealed plans to list the meme token, significantly increasing Floki’s trading volume.

Floki’s Moment to Shine

Recently, Floki Inu became the second-most searched cryptocurrency on KuCoin. Since the listing of FLOKI/UST and FLOKI/USDC pairs, the canine coin ended up in the Gem Box, but the crypto exchange’s metrics also reveal that 63% of whales are selling.

Now, the 113th by global market cap canine coin is ready to cross swords with rivals Shiba Inu (SHIB) & Dogecoin (DOGE), as Floki (FLOKI) recorded bigger weekly returns of 97.9%, compared to SHIB’s 6.2% and DOGE’s 7.2% gains in the last seven days. 

At press time, the Viking horn dog-themed cryptocurrency trades at $0.00005255, dropping by 10% in the last 24 hours, according to CoinGecko. Ultimately, with 50,755 Telegram members, the Floki Inu community is among the fastest growing in crypto and already receives recognition from two major Seychelles-based crypto platforms.

On The Flipside:

  • Many Dogecoin (DOGE) fans on Crypto Twitter are disheartened by Elon Musk’s promotion of rival Floki (FLOKI). One prominent member of the DOGE Army remarked: “Just remember that Elon is trying to support DOGECOIN and these other dog tokens won’t pump, nor be relevant when #dogecoin is implemented into Twitter.”
  • Floki is also accused of being a scam by several crypto traders, with allegedly 90% of the tokens controlled by the developers. In contrast, other crypto enthusiasts predict Floki’s “dump is imminent.”

Why you should care:

Memecurrencies often attract retail investors and generate social mentions for blockchain technology.

Learn more about the latest developments in memecoins:

Shiba Inu (SHIB) Main Developer Issues Shibarium Invitation

Dogecoin (DOGE) Foundation Member Sounds Alarm Over BUSD Mess

Yuga Labs Forced to Redesign Logo After Copying Kids’ Drawing Guide

https://dailycoin.com/yuga-labs-forced-to-redesign-logo-after-copying-kids-drawing-guide/

Yuga Labs Forced to Redesign Logo After Copying Kids’ Drawing Guide

  • Yuga Labs is in the hot seat on Twitter for aping kids’ drawing guide.
  • Bored Apes creators used a wolf skull for the Bored Ape Kennel Club.
  • BAKC NFT floor price reached the monthly high of 8.20 ETH amid the news.

Yuga Labs, one of the leading Web3 companies, have been called out on Twitter for duplicating a wolf skull from the Easy Drawing Tutorial for Kids. The monkey business was detected by digital artist J Colombo, as he posted the two identical pictures, pointing out that the drawing guide was released a month earlier than the canine Bored Ape Kennel Club NFT collection.

On top of that, the wolf skull was posted by Easy Drawing Guides nearly three months earlier for the first time. The concerned NFT artist indicates that Yuga Labs had trademarked the wolf skull illustration and asked: “Are you guys ok or have you bumped your heads?” Finally, Easy Drawing Guides, the intellectual property owner, stepped in to claim the image.

Crypto Twitter Lashes Out at Bored Apes

The controversy surrounding copied images is particularly sensitive to Yuga Labs, as the Web3 giant sued internet provocateur Ryder Ripps for creating a parody BAYC NFT collection. Even though NFT artist Ryder Ripps made a juicy $1.6 million, the lawsuit is focused on principle. 

Ripps raises the question if NFTs are non-fungible by definition, can ‘copyright infringement’ be applied? Naturally, the outcome of the pending lawsuit can set the tone for NFT regulation as intellectual property. While Yuga Labs settled with one of the defenders, it remains unknown if the altercation between Yuga Labs and main defendant Ryder Ripps will end in a peace treaty.

On the other hand, many crypto enthusiasts on Twitter went bananas on the Apes after the news surfaced with sufficient evidence. For instance, PAULY, the founder of NotLarvaLabs, bashed Yuga Labs by saying, “it’s a criminal operation and they steal from creators.” 

Ironically using an avatar from the Yuga Labs-owned Crypto Punks NFT collection, PAULY is joined by trader Crypto Bitlord, who uttered: “You can change a logo but you can’t change the NFTs you used to reap millions.”

On the Flipside:

  • The NFT floor price of Bored Ape Kennel Club (BAKC) soared by 4.8% in the last 24 hours and posted its best monthly result at 8.20 Ethereum (ETH), totaling $14049.63. The dog-themed collection was originally dished out to BAYC members for free, only requiring them to pay gas fees on the initial mint.
  • Greg ‘Garga’ Solano, one of the co-founding members of Yuga Labs, apologized on Twitter and promised to change the logo as soon as possible. Garga also revealed that BAKC had raised over $1M for animal charities and will continue to do “some good work for causes we care about.”

Why you should care:

Yuga Labs is a heavyweight in the Web3 space, with several blue-chip NFT collections. Currently, the company’s valuation is $4 billion with expansion plans.

Read the top trending stories in NFTs:

Bitcoin NFTs: What Makes BTC JPEGs so Extra-Ordinal?

Are YouTube and Web3 Coming Closer as Neal Mohan Becomes New CEO?

Shibarium Developers Launch Bone ShibaSwap (BONE) Proposal

https://dailycoin.com/shibarium-developers-launch-bone-shibaswap-bone-proposal/

Shibarium Developers Launch Bone ShibaSwap (BONE) Proposal

  • Developers confirmed Bone ShibaSwap (BONE) to be the only gas fee token.
  • Unification is working on a Liquid Staking Derivative (LSD) token on ETH.
  • Shiba Inu (SHIB) burn rate dropped by 92% following the news.

Shiba Inu’s BONE constantly makes the headlines as the second native token in the popular canine memecoin’s own ecosystem. Mainly, Shiba Inu (SHIB) holders are expecting the demand to drastically increase after launch, as both SHIB Token’s official team and the Unification developers previously announced that $BONE is the only governance token used in the Layer-2.

In the wake of the launch of Shibarium Beta, the Unification team introduced themselves to the public and published the very first BONE proposal. The liquid stake derivatives, if approved, would bring staked $FUND to Ethereum (ETH) and could be traded on Curve Protocol. 

In regards to Bone ShibaSwap (BONE), developer Ringoshi Toitsu took to Twitter to explain that $BONE could be staked on Shibarium, while receiving a wrapped version of it back, which is called T-BONE. Ultimately, this means that T-BONE could be paired with $BONE to earn a higher APR, while also helping to maintain Shibarium’s liquidity.

SHIB Burn Rate Cools Down

Following the news, the lead developer Shytoshi Kusama also posted an 8-minute long read that’s meant to introduce the world to Shibarium. Indeed, the Shiba Inu (SHIB) developer team have been working together with Unification (xFUND) for two years, but the vast community of SHIB Army don’t always find the right motivation to burn Shiba Inu (SHIB) tokens in order to maintain its price.

As many members expected to see the launch of Shibarium Beta on Valentine’s Day, the disappointment is evident in the numbers – Shiba Inu (SHIB) fans sent just 2,358,975 SHIB tokens ablaze in the last 24 hours, which equals just $30.69. Having in mind the rapid growth of the community and the emergence of side projects dedicated to burning, these metrics suggest unwillingness from SHIB holders.

On The Flipside:

  • Bone ShibaSwap (BONE) is still marginally down from its all-time high of $15.50 set over a year ago and is not listed by any major exchange.
  • The developers had been vague about the roadmap of the project, while all the previously speculated launch dates didn’t materialize.

Why you should care:

Shiba Inu has among the fastest-growing crypto communities, with at least 30,000 new members joining Shibarium’s telegram per week.

Shiba Inu (SHIB) Main Developer Issues Shibarium Invitation

https://dailycoin.com/shiba-inu-shib-main-developer-issues-shibarium-invitation/

Shiba Inu (SHIB) Main Developer Issues Shibarium Invitation

  • Developer Shy Kusama revealed Shibarium details in a Medium post.
  • The Layer-2 scaling solution was rumored for a Valentine’s Day launch.
  • Shiba Inu (SHIB) dropped 4.4% amid growing tension between members.

The leading developer of the Shiba Inu (SHIB) Ecosystem unveiled the principles of Shibarium in a lengthy blog post, which is set to be the first in a series of Shibarium-related guides. One of the main issues tackled was the Shadowcats – a special breed of Shiba Inu (SHIB) holders who try to divide the community instead of uniting it. 

Shadowcats, by Shytoshi Kusama’s definition, is “a vast network of corrupted wealth that utilizes obscure technology and brute force to keep the majority of the population broken down and debilitated.” Referring to the centralized banking system in most parts of the world, Mr. Kusama is likely also taking a dig at the ex-members of the developer team and SHIB Defense Breed, which are actively promoting a knock-off Shiba Inu token after being laid off.

The Main Values of Shibarium

For all of the uncertainty and division, lead dev Shytoshi Kusama has one solution: Shibarium. Besides mentioning that Validators & Delegators are going to play a crucial part in the self-sufficient blockchain, Shytoshi Kusama presented the four common values of Shibarium:

  • Burn – every activity on the newly-launched blockchain will encourage burning SHIB.
  • Protect – the community provides valuable feedback on projects built on Shibarium.
  • Help – the community regularly participates in donations to non-profit organizations.
  • Grow – members who burn SHIB can allocate some of it to the Doggy DAO wallet.

Interestingly, Shytoshi Kusama paused all messaging on Shiba Inu’s telegram right after the blog post. According to Kusama, the channel will “reopen after all documents are out.” Unsurprisingly, the SHIB Army is divided into two camps, as some members are rushing the main developer to launch the highly-anticipated Layer-2 solution, while others show patience and support for Shiba Inu’s upcoming game-changer.

On the Flipside:

  • Shibarium didn’t launch on Valentine’s Day, despite the developer dropping hints about the upgrade coming in a “heart-shaped box.”

Why You Should Care:

Shiba Inu (SHIB) is an ERC-20 token built on Ethereum (ETH). The two-year-old memecurrency aims to transition into a self-sufficient blockchain in order to develop upcoming products like SHIB: The Metaverse, SB Visa card and Shiboshi NFTs.

El Salvador Opens Bitcoin Embassy in Texas to Boost Adoption

https://dailycoin.com/el-salvador-opens-bitcoin-embassy-in-texas/

El Salvador Opens Bitcoin Embassy in Texas to Boost Adoption

  • El Salvador partnered with Texas for its second Bitcoin Embassy.
  • President Nayib Bukele announced plans to buy one BTC a day.
  • El Salvador and Texas exchanged $1,244,636,983 last year.

The small Latin American country continues its Bitcoin journey with a brand new embassy in Texas. In a recent tweet, Milen Mayorga, El Salvador’s Ambassador to the United States, revealed the move and pointed out that the new Bitcoin embassy will be focused on “the expansion of commercial and economic exchange projects.”

Indeed, Texas and El Salvador have engaged in substantial trading activity in 2022, transferring $1,244,636,983 between themselves. However, this is not the first time El Salvador has struck a deal with a pro-Bitcoin government. On October 28th, 2022, El Salvador established its first Bitcoin Embassy in Lugano, Switzerland, as part of Lugano’s Plan B.

IMF Admits Bitcoin Risks Haven’t Materialized

The partnership news between El Salvador and Texas comes just five days after the International Monetary Fund (IMF) published their annual report on El Salvador’s progress.

Surprisingly, the IMF admitted that adopting Bitcoin (BTC) as a legal tender has accelerated El Salvador’s economic growth, also pointing out that “unprecedented reduction in crime, and strong remittances and tourism revenues have contributed to the robust activity and investment dynamics.”

On the other hand, the yearly report by the IMF also emphasized that not a lot of local people in the small Latin American country use Bitcoin (BTC), while some have barely heard of it.

The IMF contemplates that Bitcoin’s use “could grow given its legal tender status and new legislative reforms to encourage the use of crypto assets, including tokenized bonds (Digital Assets Law).” In addition, the report concludes that “efforts are underway to develop citizens’ digital skills by partnering with fintech firms.”

Ultimately, the Digital Assets Law has mostly to do with the Volcano bonds – tokenized sovereign bonds, which would enable foreign investors to invest in the Bitcoin Nation. El Salvador’s government expects to raise over $1 billion with the Volcano bonds, which will invest in Bitcoin City’s infrastructure and promote education about the world’s leading decentralized cryptocurrency.

On the Flipside

  • On November 18th, 2022, President Bukele adopted the DCA (Dollar Cost Average) strategy to purchase one Bitcoin (BTC) daily. Naturally, the controversial move was met with immense backlash on Twitter. The Bitcoin-loving President’s crypto portfolio is already down by 48.8%, which equals $53 million in the red.

Why You Should Care

El Salvador’s adoption of Bitcoin (BTC) as legal tender shows the positive impact Bitcoin can bring to society.

Dogecoin (DOGE) Foundation Member Sounds Alarm Over BUSD Mess

https://dailycoin.com/dogecoin-doge-foundation-member-sounds-alarm-over-busd-mess/

Dogecoin (DOGE) Foundation Member Sounds Alarm Over BUSD Mess

  • Dogecoin has been holding above the $0.08 key support level since January 13th.
  • A few months ago, Dogecoin Foundation set up a $5M DOGE development fund.
  • Mr. Boar advises the DOGE Army to keep the memecoin in self-custodial wallets.

Mischa ‘Cannoli’ Boar, the chair member of the Dogecoin Foundation, took to Twitter to express his concerns regarding the recent Binance USD (BUSD) controversy. The worried crypto whale explained in a long thread that, despite Changpeng Zhao downplaying the role of BUSD in the Binance Ecosystem, it ‘de facto’ is the official stablecoin of the leading CeFi crypto platform.

Not Your Keys, Not Your DOGE?

In fact, the concerning message from member of the Dogecoin Foundation Mischa Boar is inspired by the latest events, putting a dark cloud on Paxos-issued Binance USD (BUSD), as Gary ‘Top Cop’ Gensler and the SEC launched a probe into the popular stablecoin.

On January 13th, 2023, the New York State Department of Financial Services legally ordered to seize all production of BUSD, which is likely to gradually decrease the enormous market cap of the stablecoin. However, Binance Boss Changpeng ‘CZ’ Zhao assured that all current Binance USD (BUSD) assets are backed 1:1, and the issuer Paxos agreed on that at least till 2024.

Going into further detail in his Twitter thread, Mischa ‘Cannoli’ Boar repeatedly wrote, “never invest in stablecoins long-term,” arguing that as a long-term investment, it might bring additional layers of risk, for instance, issuer company liquidation and changing regulations.

Last but not least, the intense monologue by Mr. Boar ended with the catchphrase “not your keys – not your DOGE” and even urged his followers to withdraw the funds held in CeFi.

On the Flipside

  • It has been proven that the SEC was heavily persuaded to dig deeper into Binance’s stablecoin by its main competitor. Circle has been issuing USD Coins (USDC) since 2013. USDC ranks just below, with a $6bn lesser market cap than Binance USD (BUSD).

Why You Should Care

Trust in CeFi has plunged since FTX, once the second-largest crypto exchange in the world, was shredded to pieces due to Sam Bankman Fried’s backdoor shenanigans. Ever since then, all the leading centralized crypto platforms have been under the magnifying glass of investors and analysts.

Snoop Dogg Donates 22 NFTs to LA County Museum of Art

https://dailycoin.com/snoop-dogg-donates-22-nfts-to-la-county-museum-of-art/

Snoop Dogg Donates 22 NFTs to LA County Museum of Art

  • The Los Angeles County Museum of Art (LACMA) will exhibit NFTs.
  • 22 NFT art pieces were donated by art collector Cozomo de’ Medici.
  • Highlights include Art Blocks, Crypto Punks, and other blue-chip NFTs.

NFTs are finally seeing a breakthrough in adoption in the real art world. Today, the Los Angeles County Museum Of Art (LACMA) accepted a gift from the pseudonymous digital art collector Cozomo de’ Medici, an alter ego of the iconic rapper Snoop Dogg.

Furthermore, the 60-year-old museum’s CEO, Michael Govan, declared this “the first and largest collection of artworks minted on blockchain to enter an American art museum.”

22 NFTs to Be Permanently Displayed

Indeed, LACMA has been around since the 1960s and has been focusing on “the intersection of art and technology has been central to LACMA’s programming since the ’60s”, and now will get the chance to display the $2.1 million worth CryptoPunk #3831, as well as digital paintings like Yam Karkai’s ‘Woman no. 001’, ‘a feeling i can’t get a finger on’ by Claire Silver, ‘Fragments of An Infinite Field’ #972 by Monica Rozzolli and AI-generated artwork by ArtBlocks.

Grateful for the donation, the Los Angeles, California-based museum became the first to display an NFT series in a physical art gallery permanently. Cozomo de’ Medici, the ‘grand patron of the digital arts’, is a play on the famed Renaissance art patron and banker Cosimo de’ Medici.

Moreover, the mystified NFT art collector has a huge following of 278,000 and had a strong start in the NFT art space with a $17 million worth collection back in 2021. Besides, Snoop Dogg’s son Champ Medici is another prominent figure in the crypto space with his recent EP dedicated to Cardano, while also featuring Charles ‘Crypto Cowboy’ Hoskinson in the music video.

On the Flipside

  • Some crypto enthusiasts and known media outlets claim that Snoop Dogg being Cozomo de’ Medici is just “stale speculation,” despite the hip-hop icon revealing himself as the mysterious NFT kingpin on September 22nd, 2022, in Fortune Magazine.

Why You Should Care

Adoption in the physical world is crucial for the NFT market to grow. With art-worthy NFTs displayed as paintings in art exhibition halls and museums, this trend brings a new cause for non-fungible tokens.

Shiba Inu (SHIB) Main Developer Clears Up New Token Rumors

https://dailycoin.com/shiba-inu-shib-main-developer-clears-up-new-token-rumors/

Shiba Inu (SHIB) Main Developer Clears Up New Token Rumors

  • Another fight between SHIB Army members broke out on Twitter.
  • Shibarium’s latest speculated launch date is today, Valentine’s Day.
  • Shytoshi Kusama shared crypto donation details for Turkey and Syria.

Shiba Inu’s Shytoshi Kusama officially distanced himself from the new copycat token Paw (PAW), developed by a member of the SHIB Defence Breed. On top of that, the $PAW token has already been deemed a pump-and-dump scheme by a large chunk of the Shiba Inu community on both Twitter and Discord.

Hence, the lead developer Shytoshi Kusama ended his tweet with a cautionary message: “Be careful #Shibarmy, many wolves in Shib’s clothing.” In addition, the clever reference to Shiba Inu’s (SHIB) own clothing line is overshadowed by DefiKraken’s false endorsement of a new, unrelated token as a part of Shiba Inu’s Ecosystem.

Shytoshi Calls Whales to Help Turkey

Previously, Kusama sent a warm and comforting message to the people affected by the enormous earthquake in Turkey and Syria. As the horrendous Kahramanmaras earthquake counts over 35,000 victims already, people stricken with this natural disaster need medical aid, food, and emergency accommodation.

Even though none of the whales answered the initial call, Kusama recently shared a donation link that supports BEP20, Avalanche, and ERC-20, which is suitable for SHIB transfers on the Ethereum (ETH) network.

Shibarium Bound to Drop Today?

As the highly-anticipated Layer-2 solution for Shiba Inu still didn’t come in a heart-shaped box, some community members wondered if the Valentine’s Day Shibarium launch was just a rumor. It’s not the end of the day yet, but the disappointment shouldn’t overshadow the celebration of love and romance.

SHIB Sunshine, a well-known member of the SHIB Army, sent a heartfelt message to one of the largest communities in crypto: “Patience is key, fellow Shibarians! The release of #Shibarium remains uncertain, and even Kusama can’t predict it. The devs are working hard to ensure 100% code validity and approval of all tests, which may take longer than expected”.

However, SHIB’s price movement indicates a 12% decline since last week, while the daily SHIB Burn rate dropped by 78.08% overnight. The heavily fluctuating SHIB burn rate perfectly portrays the division between members, as some are desperately urging developers while others are patiently waiting for updates.

On the Flipside

  • The unlisted token $PAW is also endorsed by other members of the former developer team and SHIB Defensee Breed, dividing the SHIB community into two camps.

Why You Should Care

The Layer-2 scaling solution for Shiba Inu (SHIB) is meant to be the game changer for the two-year-old popular memecurrency.

UFO Gaming (UFO) Soars 33% Following U.S. Military UFO Encounter

https://dailycoin.com/ufo-gaming-ufo-soars-33-following-u-s-military-ufo-encounter/

UFO Gaming (UFO) Soars 33% Following U.S. Military UFO Encounter

  • The United States military shot down a UFO in Lake Huron.
  • The octagon-shaped object sparked a heated debate on Twitter.
  • UFO Gaming (UFO) altcoin shot up by 33% amid the news.

The U.S. Military had to shoot down an octagon-shaped unidentified flying object (UFO) floating above Lake Huron. The unusual UFO activity in North America resulted in four such incidents in the past week, just days after unmasking the spy balloon from China.

Cryptically, the U.S. Military didn’t comment if the UFO neutralized in Lake Huron has any connection to the one in Michigan but also pointed out that the unknown aircraft 20,000 feet above was hazardous to commercial aircraft.

UFO Gaming Flies High with 33% Gains

Following the news, the decentralized gaming platform UFO Gaming catapulted by 33%, claiming $0.00000260, the highest point in the last three months. The e-sports and dark metaverse-focused blockchain claimed the #420 spot by global market cap, with slightly above $50 million, according to CoinGecko.

The UFO e-sports gaming community is happy with the extra social mentions. Still, many crypto enthusiasts on Twitter are puzzled about how the clash with the curious aliens resulted in a bull run for $UFO. “Gotta love the science behind crypto,” – one crypto enthusiast uttered, while a bunch of other crypto aficionados unanimously tweeted, “crypto is fun,” subsequently minting the tweet as NFT.

Just Elon’s Besties Stopping By?

According to Reuters, U.S. Air Force General Glen VanHerck has no idea “what the three most recent objects are, how they stay aloft, or where they are coming from.” Fortunately, SpaceX CEO Elon Musk tweeted a comforting statement to his followers regarding the worrying UFO encounter.

“Don’t worry, just some of my 👽 🛸 friends of mine stopping by …,” uttered the most famous Dogecoin (DOGE) fanboy as a flurry of memes featuring conspiracy theories and concerned President Joe Bidden surfaced shortly after.

Inevitably, Joe Bidden ordered the hit as it posed a threat to commercial aircraft, thus preventing further incidents. However, one of the memes reads: “Relax! They came to take me back home.”

On the Flipside

  • Despite the rapid spike, UFO Gaming (UFO) couldn’t maintain the $0.000002 key support level and trades at $0.00000197, with a $16 million global market cap lost since the 24-hour peak price.

Why You Should Care

The mystery surrounding the last couple of incidents linked to unidentified flying objects in North America helped spark a bull run for a lesser-known altcoin.

Rich Dad Poor Dad Author Forecasts Crypto Bloodbath on Valentine’s Day

https://dailycoin.com/rich-dad-poor-dad-author-forecasts-crypto-bloodbath-on-valentines-day/

Rich Dad Poor Dad Author Forecasts Crypto Bloodbath on Valentine’s Day

  • Robert Kiyosaki expects a multi-market crash in the coming days.
  • Crypto Twitter takes it with a pinch of salt, and BTC slides 5.8%.
  • CPI rates for January are set to release on Valentine’s Day.

The author of the best-selling book “Rich Dad Poor Dad” is pessimistic about Bitcoin’s (BTC) price soon. In a recent tweet, the multi-millionaire Remarked that the “VALENTINE’S DAY MASSACRE is predicted by Stansberry Research.”

Referring to Al Capone’s bloody ventures in Chicago in the 1920s, the writer went into more detail and said, “Everything will crash including prices of gold, silver, BC. Do not panic. Good news. I will buy more G,S,BC, real money w/ fake $.”

The American entrepreneur also mentioned that more than 144,000 people were cut off in the IT sector in 2022, indicating that a giant crash is coming. Kiyosaki sees it as a buying opportunity and might join other famous crypto investors in ‘buying the dip.’

Why Valentine’s Day?

Firstly, this theory is backed by the United States’ government announcement on February 14th, 2023. The FED rate hike would affect the monetary policy, thus sending the crypto markets on a downward slope. According to crypto analyst Colin Wu, “The previous value was 6.5%, and the CPI is expected to be 6.3% in January.”

Secondly, the U.S. Securities and Exchange Commission’s crackdown on Kraken’s staking system resulted in a $30 million fine and instantly terminated the product. The developments sent the leading crypto down by 5.8% in the last seven days and slightly 1% in the red in the last 24 hours. At press time, Bitcoin (BTC) trades at $21,619.82, according to CoinGecko.

Finally, the crypto data analytics platform IntoTheBlock indicates three technical bearish signals for Bitcoin’s price, including Net Network Growth, In The Money, Large Transactions & Bid-Ask Volume Imbalance.

On the Flipside

  • Robert Kiyosaki’s predictions about Bitcoin’s price are often inaccurate. Mr. Kiyosaki once tweeted that he’s “waiting for Bitcoin to go to $1,000”. Naturally, the tweet confused many of his followers, with some asking if there was a typo. The author makes frequent spelling mistakes in his tweets.

Why You Should Care

Robert Kiyosaki’s “Rich Dad Poor Dad” is one of the world’s best-selling books, with over 40 million copies sold. The author’s net worth is valued at $100 million.

Donald Trump NFTs Soar After Super Bowl Clash with Rihanna

https://dailycoin.com/donald-trump-nfts-soar-after-super-bowl-clash-with-rihanna/

Donald Trump NFTs Soar After Super Bowl Clash with Rihanna

  • Donald Trump lashes out at Rihanna after her NFL Super Bowl performance.
  • A grand jury probes the 45th president of the United States over Mar-A-Lago.
  • Donald Trump Cards (TRUMP) NFT hit an all-time high of 0.676 Ethereum (ETH).

Donald Trump Digital Trading Cards NFT Collection has been on a wild roller-coaster since the ‘Major Announcement,’ which was mocked by Jimmy Fallon on Saturday Night Live. The initial sale of 45,000 NFTs consisting of stolen photos from Shutterstock mashed with Donald Trump’s proud figure grossed $6.5 million in the first weekend but later plummeted.

Shortly after, the scandal-prone ex-president crept back into the NFT world with Trump Prizes, a sweepstakes NFT collection. The second wave was marked by Trump’s efforts to sell Zoom calls for as little as $25, although later racing amid Twitter comeback rumors. However, now Trump Digital Trading Cards are making NFTs great again as the top trending NFT collection on Polygon (MATIC), also setting a new all-time high in NFT floor price.

Mar-A-Lago Scandal Raises Floor Price

Currently, the cheapest Trump NFT card on OpenSea is #29522. Trump stands with hands raised in Mar-a-Lago, his personally acquired national historic landmark in Palm Beach, Florida. Interestingly, the lowest-price NFT coincides with more controversy in the infamous Mar-a-Lago probe for mishandling high-security documents.

Even though this Mar-a-Lago Trump NFT with basic traits gives no chance to win sweepstake prizes, such as a gala dinner with Trump, the digital collectible would still set NFT enthusiasts back by $1,020.09. Besides, the politically motivated NFT collection fetched 272 Ethereum (ETH) in daily trading volume in 410 sales.

Trump Can’t Stop Rihanna’s Reign

The spike in trading activity on OpenSea was followed by the pugnacious billionaire’s shot at Rihanna, who he said “would be nothing without her stylist.” Repeatedly, the controversial former president took to his own Truth Social platform to rant about the famous R&B singer after her 13-minute performance on Super Bowl LVII, one of the top trending music videos on YouTube.

As the iconic Barbadian songstress floated above the field on a platform, performed her top songs, and then flew away during “Diamonds,” Trump declared Rihanna is “Bad everything, and NO TALENT!” Naturally, many fans beg to differ – being the first performance since Rihanna and hip-hop superstar A$AP Rocky had a baby in May, Rihanna’s Apple Music Super Bowl LVII Halftime Show already scooped over three million views in just six hours.

On the Flipside

  • The second Trump NFT collection, Win Trump Prizes, had just 14 sales in the last 24 hours. On top of that, their trading volume declined by 11%, as many NFT enthusiasts on Crypto Twitter complained about technical difficulties and the low chances of winning.

Why You Should Care

Polygon (MATIC) is hosting some of the most talked-about NFT collections, backed by celebrities and top brands, thus attracting retail attention to blockchain technology.