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It has long been one of the industry’s greatest mysteries, and a fairly consistent topic among the SHIB Army. Now, there are those who believe they may have identified the creator of Shiba Inu, as some believe the enigmatic Shytoshi Kusama could be… Elon Musk ? Shiba Inu is a meme coin that sports one of the most passionate communities the digital asset industry has seen. Thus, their eagerness to uncover the illusive creator of the coin has been a topic of conversation. Conversely, a recent theory considers it could be the Dogefather himself, in what would be a mind-bending turn of events. Source: Twitter The Identity of Shytoshi Kusama Shytoshi Kusama is a well-known pseudonym for the creator of Shiba Inu. It is a name that has become forever linked to the meme coin and often acts as the spokesperson for the developments of the ecosystem, including the long-awaited arrival of Shibarium. Now, in an interesting turn of events, two Shiba Inu enthusiasts be...

The Binance CEO claimed that algorithmic USD stablecoins may become more popular as well, although they “have risks.” The crypto industry will “probably” start using euro, yen, or Singapore dollar based stablecoins in the future, reducing its reliance on US dollar based stablecoins, according to a Feb. 14 statement on Twitter Spaces by Binance CEO Changpeng Zhao, also known as “CZ.” CZ gave the statement in answer to a question about the crypto industry using gold as a standard of value instead of the US Dollar. CZ agreed that it “makes sense” to use gold. However, “most people’s costs are still in fiat currencies.” For this reason, most people calculate their investment returns in dollars, which is why US Dollar backed stablecoins are “still important.” However, CZ argued that the US government’s recent actions against US dollar stablecoins will probably lead the global crypto industry to rely on other currencies such as the Euro, Yen, and Singapore Dollar to back stablecoins, as he ...

Join Our Telegram channel to stay up to date on breaking news coverage One of the most popular categories of cryptocurrency platforms, play-to-earn ventures generated over a billion dollars in income last year. The growth of this industry poses a serious threat to more established gaming mediums. As a result, several game developers started including monetary rewards for players. However, this doesn’t imply there aren’t issues that this business faces. Players have several complaints, including boredom, repetitive plots, and a lack of motivation. Meta Masters is working hard to address these issues, and the $4.28 million that this crypto project has already raised in the final stage of its presale demonstrates the confidence investors have in the company. More on Meta Masters Guild Since its announcement, Meta Masters Guild has generated considerable attention among veteran P2E gamers who are curious to learn more about the first mobile-only Web3 initiative. In or...

As GameFi markets bleed out, one project is making huge shockwaves in the sector. Key GameFi assets have entered freefall this week as chart structure fractures. Investors in leading GameFi projects Decentraland (MANA) and Sandbox (SAND) are in panic. Both of the hyped-up gaming projects have broken below their 200 Day MAs, priming significant downside risk. A look at the MANA chart shows support at $0.70 has failed. TradingView / MANAUSDT Price action seems to be moving towards a cascade of hammering red candles smashing the 200 Day MA. So far MANA is already -26% from local highs. Last time this happened, in the immediate aftermath of FTX, MANA collapsed to $0.40. This likely forms the next floor of support in this breakdown. SAND is also experiencing the start of a cascade of lower-lows. Tightening volatility through February has finally made a decisive move to the downside. TradingView / SANDUSDT With a -29% breakdown from SAND's local highs, price action co...

Bitcoin’s difficulty decreased 0.49% on Feb. 12, 2023, following a sustained all-time high of 39.35 trillion over the previous two weeks (2,016 blocks). The decrease in difficulty offers a brief respite for bitcoin miners, after the network recorded a 14.94% increase in the last month. Bitcoin Difficulty Drops 0.49% Lower; Top Five Mining Pools Continue to Command Majority of Global Hashrate At the time of writing, Bitcoin’s hashrate is coasting along at 289.14 exahash per second (EH/s) after a 0.49% decrease in difficulty at block height 776,160. The network difficulty has been operating at approximately 39,350,942,467,772 hashes for the past 2,016 blocks, or two weeks. With the recent 0.49% decrease in difficulty, the network’s difficulty will now be set at 39.16 trillion hashes for the next two weeks. Bitcoin’s difficulty changed on Feb. 12, 2023, at block height 776,160. The downward drop occurred at 7:52 a.m. ( UTC). Since the latest difficulty chang...

Pocket Network partners with GetBlock to expand multi-chain RPC Access. As the Web3 ecosystem continues to evolve, Pocket Network is always looking for new ways to provide unparalleled access to decentralized infrastructure and multichain RPC service. That’s why they are thrilled to announce a new partnership with GetBlock, one of the leading providers of blockchain RPC nodes.  This partners hip will be a win-win for both of our teams, as well as for the Web3 community as a whole. GetBlock consistently provides high-quality, scalable blockchain nodes, and has earned the trust of many top-tier projects. GetBlock, launched in 2019, already connects users to 40+ blockchains, offering both shared and dedicated nodes in various packages. With their recent integration with MetaMask wallets for Web3 authorization, this partners hip will bring another enhancement to their suite of products available for Web3 teams. With this partners hip, both the Pocket Network and GetBlock teams will be able...

Join Our Telegram channel to stay up to date on breaking news coverage The crypto market is heading into the weekend trading even lower than it did yesterday. After major coins posted losses for the second day in a row, investors are beginning to worry that much of the gains made in the past few weeks could be at risk. OXAI, a small-cap coin that recently gained traction, has followed this trend and shed a few gains. However, given the asset’s recent price-improved performance, some investors believe it could be a good buy regardless of the market rout. OXAI Price Action OXAI has followed the broader market’s bearish trend. The crypto asset currently trades at $0.00001253, a downtrend of 13.13% in the past 24 hours. Its price surge is significantly more than the 3.95% drop experienced by the entire market in the same 24-hour timeframe. Coin prices have tumbled again, indicating that the market rally that began in February has now cooled off. Investors also appear...

Bloomberg has reported that the US federal budget deficit is rapidly widening, as the treasury department could run out of cash sooner than expected. The latest estimates from the Congressional Budget Office have reportedly threatened how long the government can operate with a debt ceiling increase. The report notes that US Treasury secretary Janet Yellen has already implemented, “special accounting maneuvers,” to cope with the ongoing issue. Moreover, she has already indicated that those measures may only keep the department from running out of cast until early June. Source: Gallup News US Debt Ceiling Debate Growing More Worrisome Last month, the federal government reached an all-time high in national debt, surpassing the $31.4 trillion debt ceiling. Since then, the debate has become political, as both sides have lobbied to either implement a new budget or raise the debt ceiling entirely. As those discussions are ongoing, with no headway being made on either si...

Bountie Hunter Partnership with Dragon Crypto, a gaming studio that is dedicated to revolutionizing blockchain gaming by creating top-notch experiences for its community. Economy The Argenti platform generates revenue through a variety of unique Features , which are then redistributed within the ecosystem to establish a self-sufficient economy. As Bountie Hunter announced its Partnership with Dragon Crypto. The Argenti platform Features include: Play-and-Earn / NFTs – The Legend of Aurum Draconis and Tiny Dragons, both of which feature original gameplay and NFTs. Revenue Generation – Certain in-game actions such as minting Hero NFTs, healing and trading equipment in the in-game marketplace, have a small fee in DCAU. Other actions such as crafting, trading crafting materials in the in-game marketplace, and eventually breeding Tiny Dragon NFTs, have a small fee in DCAR. Players Rewards and Revenue Sharing – Players can earn DCAU, DCAR, and in-game NFT items by playin...

Carbonplace says it will use the funds to scale its services and become the "SWIFT of carbon markets." According to a press release published on Feb. 8, Blockchain carbon credit transaction network Carbonplace has secured $45 million in an investment round from its nine founder Banks with a combined $9 trillion in assets under management. The Banks are BBVA, BNP Paribas, CIBC, Itaú Unibanco, National Australia Bank, NatWest, Standard Chartered, SMBC, and UBS. The London-based fintech has also announced that it will become an independent entity, led by new CEO Scott Eaton. As told by Carbonplace, the company will use the investment to strengthen its platform and workforce, allowing it to scale its services to a larger client base of financial institutions and seek partnerships with other carbon market players, such as registries and stock exchanges around the world. Carbonplace has been described as the "SWIFT [Society for Worldwide Interbank Financial Telecommunicati...

Syscoin partners with SupraOracles to onboard the world to Web3. Syscoin has announced a strategic partnership with SupraOracles, the world’s premier oracle solution. The collaboration between the two companies will offer a platform for building the fastest, most trustworthy, and most secure Web3 apps. The partners hip between Syscoin and SupraOracles will involve sharing resources to support mutual growth. Syscoin will also benefit from SupraOracles’ rapid finality oracle services, while SupraOracles will assist in the implementation of ZKPs (Zero-Knowledge Proofs) for scalability, particularly for Syscoin’s zkEVM, which is fully compliant with current regulations. Oracles play a vital role in Web3 projects. Developers require oracles to securely connect their decentralized applications to accurate data sources, both from other blockchains and the real world. SupraOracles sets itself apart by providing quicker finality, with response times of 3.5 seconds compared to the 120...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Hong Kong SAR, Hong Kong SAR, 7th February, 2023, Chainwire Chainflip, the cross-chain DEX set for launch in mid-2023, has initiated its partnership programme and unveiled plans to create a two-way integration between Chainflip and Squid , the recently launched cross-chain token swapping service. This partnership will bring users of both Chainflip and Squid even greater access to cross-chain swaps between a wider variety of blockchains, powered by Axelar . The first task in this new partnership consists of looking to develop a mutual web-interface integration that will see web apps built for each of Chainflip and Squid supporting the other, aggregating swaps to chains that the other cannot yet support. As an example of what this might look like, users of Squid and other Axelar ecosystem products will be able to swap native...

Ordinals inscriptions, viewed as a kind of Bitcoin-native NFTs, are picking up steam among some Bitcoin circles, even though the procedures to issue them are far from user-friendly. The protocol, which was unveiled in January, has already served to bring more than 7,000 inscriptions directly to the Bitcoin chain, with some collections already present. Ordinals Pick Up Steam; More Than 7,000 Inscriptions Issued Ordinals, the protocol that allows each bitcoin satoshi to be identified with a non-fungible number, is gaining popularity among certain circles, even when the procedures to include an element in the Bitcoin block chain (an “inscription“) is still very far from user-friendly, as each user must run a full Bitcoin node to make an inscription. The protocol, which rose to prominence due to a feature present in the Taproot update allowing the size of a transaction to be as big as the size of a Bitcoin block, already has served to bring more than 7,000 inscriptions to th...

Over the past few months, technologies linked with artificial intelligence have been thriving. OpenAI’s ChatGPT, for instance, has become one of the most utilized tools over the past couple of months. It looks like this could be more than just a fad as institutional traders shift their attention to AI. According to a recent survey carried out by JP Morgan, more than half of its participants believed in the abilities of AI. The e-Trading Edit survey was completed with a total of 835 institutional traders in 60 global markets. These institutional investors firmly believe machine learning will soon emerge as a highly significant tech. Highlighting its prospects in terms of trading, the participants feel that AI tech could influence the future of trading over the next three years. Several traders have been seeking advice from AI machine learning algorithms like ChatGPT to invest in assets. Today, AI eclipses every other significant technological area, with a reference rate ...

Join Our Telegram channel to stay up to date on breaking news coverage Casper price soars leaving no stone unturned in tandem with a generally bullish cryptocurrency market. The layer 1 blockchain has since its inception provided a platform for builders in the decentralized finance (DeFi) sector. Casper stands out for its upgradable smart contracts and predictable gas fees. CSPR value has in the last 30 days shot up 30% to trade at $0.039 at the time of writing. CoinMarketCap shines a light on a 38% spike in volume to $9.1 million in 24 hours, suggesting that investors are concerned with accumulating CSPR tokens ahead of a forecasted rally to $0.055. CSPR/USD price chart A positive change in trading volume is often interpreted as a bullish signal because it shows interest is growing among investors. Assessing the Profitability of Casper in the Coming Days Casper price is trading above all the applied crucial moving averages, starting with the 50-day Exponential Moving Avera...