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Fans and users expect Shiba Inu’s (SHIB) Shibarium layer-2 network to amp up token burns. Several proponents have mapped out or shared hypothetical scenarios where Shibarium can burn up to 111 trillion tokens on a yearly basis. Burning SHIB and reducing its circulating supply is one way of pushing the asset’s price. However, another SHIB proponent has now shared an estimation for Shibarium’s SHIB burns. The Twitter handle “SHIB BPP,” said that Shiba Inu’s Shibarium network will be impressive if it can burn 500 billion SHIB tokens every year. The calculation was based on current BONE and SHIB prices, including the number of transactions of the top Layer-2 network in the last 30 days. I just ran new burn estimates for Shibarium. Shibarium will impress me if it can burn 500 billion $SHIB per year. This is based on the current prices of BONE and SHIB, as well as the number of transactions of the top L2 in the previous 30 days. pic.twitter.com/L7dLE2T9JF — $SHIB BPP (@ShibBPP) Ap...

Open Exchange (OPNX), the crypto exchange launched by the disgraced founders of Three Arrows Capital (3AC), is in the middle of a controversial standoff with its supposed investors. Su Zhu and Kyle Davies’ OPNX has openly criticized its supposed investors for stating that they never backed the crypto platform and denying association with it. The controversy started when OPNX shared a list of its supposed investors last night. The list included venture capitals and trading firms including AppWorks, Susquehanna (SIG), DRW, MIAX Group, Merchant Bank International, Token Bay Capital, Nascent, and Tuwaiq Limited. Since then, almost half of the listed investors have claimed that they never funded OPNX and denied association with the exchange. We are backers of CoinFlex and were supportive of Mark to rebuild for stakeholders. Our equity is being forcibly converted to OPNX and we have not committed capital to the new entity. We never met Su Zhu or Kyle Davies and do not support wh...

Predicting the price of Dogecoin has become essential in light of the recent turmoil. Dogecoin (DOGE), the first-ever meme cryptocurrency, created quite a stir in the market. Elon Musk, a multibillionaire businessman, actively promoted the asset, putting it in the spotlight. As a result, Musk’s actions had a big impact on the price of DOGE. Tesla CEO’s most recent Twitter acquisition also resulted in a significant increase in the asset’s value. Also read: Shiba Inu: Trillions of SHIB to Flood Binance U.S Post Voyager Deal But how high can Dogecoin reach in 2023? This topic has been of interest to both crypto enthusiasts and investors who are curious about the potential increase in Dogecoin ’s value to reach $0.50. Let’s delve into the world of Dogecoin and examine the path toward reaching the $0.5 milestone. Can DOGE hit $0.5 in 2023? Predicting the future price of cryptocurrencies involves considering a variety of factors. Some analysts rely on historical data and...

China’s Huawei Technologies is set to replace its internal software system, which was previously sourced from United States vendors, with its innovative in-house version. Huawei’s Counteract Meta-ERP System Software Huawei, China’s leading global provider of impeccable information and communication technology infrastructures and innovations, has today announced the launch of its in-house system software shortly after being entirely cut off from U.S. suppliers. The technology firm held an internal ceremony celebrating the dynamic switch to the new Meta Enterprise Resource Planning system (MetaERP) in Dongguan, South China. The ceremony was attended by prominent members of the ICT firm, including Meng Wanzhou, the daughter of the company’s president, Ren Zhengfei. ERP software enables companies to manage essential business operations such as data records, accounting, and supply management. However, the technology firm iterated ERP system supplies were limited...

Dogecoin's 2021 and 2023 price rallies have largely been sparked by Elon Musk but the latter still has much more room to run if history repeats. The price of Dogecoin (DOGE) has almost doubled after bottoming out at $0.0491 in June 2022, alongside a similar recovery across the cryptocurrency market. On April 20, DOGE is trading for as high as $0.0942, up around 94% versus the last year's bottom. But, despite its impressive rebound, its price is still 88% below its all-time high of $0.76 set in May 2021.  Thus, the DOGE/USD pair remains far from establishing a decisive bullish reversal on longer timeframes. DOGE/USD three-day price chart. Source: TradingView Dogecoin's bullish reversal ahead? Dogecoin price soared over 23,000% in 2021 primarily due to Elon Musk's vocal support. Ironically, DOGE/USD topped after Musk called it a "hustle" during his Saturday Night Live appearance in May 2021. DOGE price entered a prolonged long bearish cycle, furthered by the...

Artificial intelligence [AI] has evidently been taking over the world. While most of them were employing AI tools to predict the price movement of assets, Fetch.ai decided to take it up a notch. Decentralized exchanges (DEX) are getting a new set of improved trading goods from Fetch.ai. The Cambridge, UK-based company has been sticking to developing AI tools for crypto . Now, the network seemed to be taking over the decentralized finance [DeFI] space as well. Fetch.ai hopes to make it easier for DeFi users to carry out peer-to-peer [P2P] transactions by utilizing “agents” powered by AI to conduct trades based on user- defi ned criteria. The slew of trading tools is expected to launch later this quarter. Humayun Sheikh the CEO of the firm said, “Users submit their orders to an agent, which then puts it in escrow or an atomic transaction while it works out where it can do the order matching. The ability of the platform to find and create liquidity is where the platform comes into itse...

On April 18, former U.S. president Donald Trump announced a second series of his digital Trump card collection, following the “great success” of his initial non-fungible token (NFT) trading cards. Despite selling out rapidly, Trump stated on Truth Social that he maintained the initial card prices for the new collection. Trump Unveils Series 2 NFT Collection With Mar-a-Lago Dining Opportunity Trump is back with a new NFT collection featuring 47,000 digital cards minted on Polygon. His first NFT collection, launched in mid-December 2022, sold out within hours. The cards’ value performed well on secondary markets and also surged following Trump’s indictment by a Manhattan grand jury. On March 30, 2023, Trump was indicted with 34 felony counts of allegedly falsifying business records related to ostensible payments to adult film star Stormy Daniels. Trump pleaded not guilty and his legal team has requested a spring 2024 trial. On Truth Social, Trump unveiled hi...

BRICS countries’ move to eliminate the U.S. dollar from international trade would be irreversible once a new currency is formed, according to Russia’s Minister of Foreign Affairs, Sergey Lavrov. The de-dollarization process is currently being undertaken by BRICS nations comprising Brazil, Russia, India, China, and South Africa. Lavrov stressed that nations need to terminate dependence on the West for military and trade. A defunct USD could no longer create conflicts across borders, he mentioned at a press conference in Moscow. Also Read: BRICS Advancing To Eliminate U.S. Dollar Financial System The dollar is currently the default reserve currency and a medium of exchange for global trade. Russia and China and other BRICS countries are looking to eliminate the USD to settle payments in their native currencies. The next BRICS summit will be held in August in South Africa and a decision for a new currency will be jointly made. Lavrov hit back at the U.S. for pressing sanctions a...

The Beginner’s Guide: How to Buy Bitcoin on eToro Looking to buy Bitcoin? With eToro and Twitter partnering to enable crypto purchases, you might wonder how to buy Bitcoin on eToro. Let us guide you through the process and get you started on your crypto journey. In recent years, cryptocurrency investments have become popular with growth investors and those seeking to diversify their portfolios. Buying and trading cryptocurrencies can be high-risk, especially for new users. That’s where eToro comes in: an award-winning social trading platform that offers a wide range of digital assets, including Bitcoin. Whether you want to buy Bitcoin using your credit or debit card, bank account, or wire transfer, eToro is one of the best options available. With low fees, a user-friendly mobile app, and various payment methods, eToro makes it easy for anyone to get started. In this beginner’s guide, we’ll show you the basic overview of how to buy Bitcoin on eToro to help you research...

The crypto fear and greed index is an aggregate of various components and factors of the current crypto market. The index is updated on a daily basis, and it varies. With the change in market conditions, crypto asset volatility, market statistics, trading volume, and other factors, the index changes. The index helps investors and traders make the right move in the market. The general indication is that when there is extreme fear, it could be a buying opportunity. Similarly, when there is too much greed in the market, investors should brace for a correction. According to the data from Alternative, the Bitcoin fear & greed index touched a 16-month high of 69 after touching a high of 68 on March 21, 2023. Bitcoin Fear and Greed Index is 69 — Greed Current price: $29,812 pic.twitter.com/yJK8v9MPlG — Bitcoin Fear and Greed Index (@BitcoinFear) April 17, 2023 Bitcoin fear & greed index reaches a 16-month high In January 2023, Bitcoin entered the “greed” phase...

Shiba Inu has become a significant meme coin and has secured a position in the top 20 cryptocurrencies by market capitalization. The team behind SHIB has maintained a steady pace of development and various projects. With SHIB earning its prominence as the second-largest meme coin , how likely is Shiba Inu to spike in value and breach its all-time highs? Let us find out. Also read: Baby Doge to Be Listed on a Top 5 Exchange, Price Reacts Will the price of Shiba Inu break out? The supporters of Shiba Inu have been anticipating the token’s rise to 1 cent for a while now. The recent price recovery has provided the community with optimism. Over the past week, the second-largest meme coin has increased by approximately 7%. A well-known community influencer, known as “SHIB BPP”, has outlined three potential paths for Shiba Inu to reach $0.01. The first and most significant factor is mass adoption. As more people adopt the token, the likelihood of achieving this price...

The crypto analyst TARA (@PrecisionTrade3) tweeted yesterday that the price of Bitcoin (BTC) was resting on a key support level at around $30,130. According to the analyst’s tweet, BTC’s price would be “fine” as long as the identified support level held. The analyst added that there was very strong sell volume pushing BTC’s price down at the time of the tweet. At press time, it seems that the $30,130 support level was able to hold over the last 24 hours, as CoinMarketCap shows that BTC’s price is currently trading at $30,455.80. The market leader’s price did, however, drop 0.96% over the last 24 hours. Not only did BTC print a 24-hour loss, its dominance in the market also decreased slightly. As a result, BTC’s market dominance is estimated to be around 46.23%, which is 0.20% lower than yesterday. Daily chart for BTC/USDT (Source: TradingView) BTC’s price continues to receive support from the 9-day and 20-day EMA lines at press time. However, traders may want to take...

Bitcoin’s price could climb well over $100,000 between the second half of 2024 and 2025, says Dan Tapiero, founder of DTAP Capital. Tapiero made his prediction during a podcast with Scott Melker, the host of the YouTube channel, The Wolf Of All Streets. According to Tapiero, Bitcoin’s price could move sideways for the rest of 2023, having established a low toward the end of last year. He pointed out that Bitcoin’s price bottomed when perceived negative developments failed to pull it down. Instead, the price continued to rise, climbing above previous resistances to trade above $31,000 at the time of writing. Tapiero’s prediction suggests that Bitcoin’s rally toward $100,000 would happen after the next halving event scheduled for April or May 2024. During the discussion, Tapiero observed that Bitcoin and the entire cryptocurrency space overcame several challenges in the last few years. In his opinion, instead of succumbing to them, the crypto industry grew by a...

The Bitcoin price prediction shows that BTC rebounds as the buying interest may increase the bullish movement toward $31,000. Bitcoin Prediction Statistics Data: Bitcoin price now – $30,418 Bitcoin market cap – $586.6 billion Bitcoin circulating supply – 19.3 million Bitcoin total supply – 19.3 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $36,000, $38,000, $40,000 Support Levels: $26,000, $24,000, $22,000 BTC/USD may spike above the upper boundary of the channel as the king coin stays above the 9-day and 21-day moving averages.  However, as the market establishes a cross above the channel, the buyers may begin to look for additional resistance levels above the daily high of $30,775. Bitcoin Price Prediction: BTC Price May Hit $31k Resistance The Bitcoin price is likely to cross above the upper boundary of the channel as the first digital asset targets the resista...

When inflation in advanced economies is tamed, real interest rates are likely to drop to pre-pandemic levels, the latest International Monetary Fund (IMF) blog post has said. According to the authors of the blog post, the transition to a “cleaner economy in a budget-neutral way” could result in lower rates in the medium term. Recent Interest Rate Hikes Temporary Interest rates in advanced economies are likely to fall to pre-pandemic levels when authorities succeed in bringing inflation back under control, the latest International Monetary Fund (IMF) blog post has suggested. The blog post added that the “recent increases in real interest rates are likely to be temporary.” Source: IMF Blog. The return of real interest rates to levels seen before the spread of Covid-19 will also coincide with the easing of the respective countries’ monetary policy regimes. As has been reported by Bitcoin.com News, central banks from advanced economies have raised benchmark rates...

Ether’s market performance and derivatives metrics have lagged behind Bitcoin, possibly due to traders’ expectation of heavy sell pressure after the Shapella upgrade. The Ethereum network’s Shapella upgrade, scheduled for around 6:30 pm EST on April 12, has induced significant uncertainty among traders, according to a report by Kaiko.  The upgrade will enable staked-ETH withdrawals from the Beacon Chain for the first time since its launch in December 2020. According to previous estimates, the upgrade will add nearly 1.2 million to 3 million worth of ETH selling pressure in the first few weeks. This is one of the main reasons traders appear to be taking a cautious stance ahead of the upgrade. Kaiko’s report shows that ETH is lagging behind BTC in spot and Futures trading volumes, while options market data shows traders are actively adding short-term hedging positions. Ether displays muted trading data Ethereum market share in USD trading volume compared to Bitcoin declined to Marc...

Join Our Telegram channel to stay up to date on breaking news coverage Cool Cats Group, the team behind the iconic blue-chip NFT collection Cool Cats, has partnered with Futureverse, a protocol for metaverse infrastructure and content, to create new AI products, metaverse experiences, and more. Cool Cats Taps Futureverse To Launch Mataverse & AI Products In an April 11 press release, Cool Cats confirmed signing a strategic partnership with Futureverse. The new integration will enable Cool Cats NFT collection to elevate its status as one of the leaders in the nascent non-fungible token sector. We're excited to partner with @futureverse to bring new products and experiences to our community. A custom marketplace, 3D explorations, asset personalization, AI tools, and more. Learn more today at 4PM ET: https://t.co/1vSDfXfNPd Here’s a peek at what the Future holds 👀 pic.twitter.com/fE43tFOOfz — Cool Cats (@coolcats) April 11, 2023 Launched in July 2021...

So far, the start of 2023 has been kind to BTC as the crypto is up by about 69% year-to-date. Earlier this week, CryptoQuant shared a thesis about what the price of the crypto market leader, Bitcoin (BTC), could do within the next year. The main idea behind the thesis is that BTC could reach $100,000 by 2024. Bitcoin fees to reward ratio (Source: CryptoQuant) In this thesis, it was pointed out that during the accumulation cycle of 2019, “the fees to reward ratio spiked before the summer relief rally rising to 0.12.” The same thing happened again in 2020, where the fees-to-reward ratio reached 0.29 in November. Now it seems that the fees to reward ratio is once again spiking, according to the report. The writer also referred to the fact that BTC is coming closer to reaching a $46,092 price level which he predicted back in 2019, and that the leading crypto could reach this price as soon as “the summer of 2023”. In addition to this, the writer placed emphasis on the fact th...