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Shiba Inu (SHIB) has struggled to remove the ‘zero’ it gained in May 2023. Nonetheless, users are still in pursuit of removing the zero, albeit it is taking quite a bit of time. Another question has since plagued the minds of investors. If SHIB reaches $0.00001, how many tokens would be needed to make $1 million? The $0.00001 goal is not too far from SHIB’s current levels. The growth would mean a rally of about 19%. A gain of such proportions has been achieved multiple times by the project. To make a million dollars, once Shiba Inu (SHIB) reaches $0.00001, an investor would require about 100 billion tokens. At current prices, 100 billion SHIB tokens would cost about $840,000. Also Read: Shiba Inu or Dogecoin: Which Token Can Make You a Millionaire First? Although the investment is quite large, the question is no longer about “if” SHIB would reach $0.00001, but rather it is about “when” SHIB would reach $0.00001. When can Shiba Inu rea...

Binance Gets Operational MVP License In Dubai Dubai’s Virtual Assets Regulatory Authority (VARA) approved Binance with an Operational Minimum Viable Product (MVP) license to operate virtual asset exchange services, according to an announcement on July 31. advertisement Alexander Chehade, Binance Dubai ’s General Manager, said: “The last few years have cemented Dubai as a global virtual asset hub and we are excited to be a witness to that growth as we build on our operations here, with continued commitment to market and investor security.” Binance’s Dubai subsidiary Binance FZE can now offer services approved by VARA, including virtual asset exchange and broker-dealer services. Initially, the crypto exchange will provide services to institutional and qualified retail investors. Recommended Articles Crypto Presale Projects For 2023 To Inv...

Two United States lawmakers have written to Apple CEO Tim Cook, raising concern about how the company’s guidelines may restrict crypto and NFTs. Congressman Gus Bilirakis of Florida and his Illinois counterpart Jan Schakowsky, on July 28, jointly sent a letter to Apple CEO Tim Cook expressing concern that Apple’s App Store guidelines could potentially curb the growth of emerging technologies such as blockchain and non-fungible tokens (NFTs).  Today, I sent a bipartisan letter to @Apple regarding iOS App Store policies and their impact on emerging technologies like blockchains and NFTs. Congress must understand if Apple's policies are limiting innovation and American technological leadership. Full letter below: pic.twitter.com/Sda7qtEaql — Gus Bilirakis (@RepGusBilirakis) July 28, 2023 The two lawmakers claim Apple App Store’s policies could affect the country’s leadership status in the technological landscape. The letter posed several questions to Cook, a...

The BRICS alliance is becoming successful in convincing developing countries to end reliance on the U.S. dollar and pay in the Chinese Yuan as an alternative currency, and Bolivia is an example. Bolivia is using the Chinese Yuan to settle cross-border transactions and not the U.S. dollar, reported the Associated Press. The Bolivian Economic Minister, Marcelo Montenegro acknowledged that the country’s Central Bank switched to the Chinese Yuan for global trade. The Latin American country is harnessing the Chinese Yuan due to the U.S. dollar’s shortage that’s plaguing its economy. Also Read: Russia & India Make Huge Announcement on BRICS Currency BRICS: Bolivia Uses Chinese Yuan, Sidelines The U.S. Dollar Source: news.bitcoin.com Montenegro stressed that Bolivia plans to have a branch of a Chinese bank in the country. The Chinese branch of the bank would accelerate currency adoption, allowing smoother and more cost-effective remittance. Bolivia is f...

Beam wallet uses Web3Auth and account abstraction to allow for seedless accounts, stablecoin gas payments, and other user experience features. A new wallet that has launched on Optimism (OP) allows users to generate an address without storing seed words, and the account can be saved using an ordinary Twitter login . Called “Beam wallet ” the application runs in a browser window and requires no downloads, according to a July 27 announcement from its developer. It also allows users to send transactions on Optimism without owning Ether (ETH). INTRODUCING BEAM The first self-custody payments wallet built for the mainstream — no download or signup required. Beam is the easiest way on the planet to send anyone money. Try it out with a single click — Andy Bromberg (@andy_bromberg) July 27, 2023 Beam was developed by Eco, a payments company backed by Web3 venture capital firms Andreessen Horowitz, Coinbase Ventures, Founders Fund, Lightspeed Venture Partners, and Pantera Capital. To...

Stellar (XLM) surges to a year high after Soroban’s update on Futurenet. Bullish momentum prevails in the XLM market with widening Bollinger bands. Caution is advised as XLMUSD enters mildly overbought territory. On July 14, 2023, Soroban Preview Release 10 went live on Futurenet, a significant update for the Stellar ecosystem announced by Stellar developer Tomer Weller. Since the update’s inception, investors and developers have been gaining optimism for Stellar in anticipation of the new Features and enhancements. Soroban is a powerful tool designed to improve the Stellar network’s functionality and efficiency. It adds new Features and enhancements to make transactions faster and more secure. With this update, users can expect a smoother experience and increased confidence in the Stellar ecosystem. Soroban Preview Release 10 is now live on Futurenet. Three reasons why this is a major milestone (1/10) — Tomer Weller (@tomerwel...

Crypto Twitter is speculating that former FTX chief Sam Bankman-Fried (SBF) could be cooperating with the Department of Justice (DoJ) on a number of current and pending crypto-related investigations. The rumor mill went into overdrive when SBF was seen — and photographed — walking near the office of the Southern District New York DoJ. The curly-haired ex-billionaire is currently under house arrest and is only allowed to venture outside to meet with his attorney or the authorities. Given that it’s highly unusual for defendants to meet with prosecutors, for many, the only logical explanation (if he’s not meeting his own lawyers) is that he’s likely turned state’s evidence. Even before the photographs hit Twitter, s US picions had been aro US ed when attorneys filed new documents relating to an ongoing case that was launched by several investors against Bitfinex and Tether. Hey there little fella @SBF_FTX What are you up to bud? pic.twitter.com/EbcBSi16ZF — Arbitra...

The performance of crypto assets is impacted by sentiment, with the Bitcoin (BTC) price being a key indicator. Meanwhile, DigiToads is gaining popularity among investors as an alternative asset. Bitcoin is a store-of-value asset with no credible threat from coins like Litecoin (LTC), which have stagnated despite attempting to provide more efficient alternatives. Instead, projects that offer utility have higher chances of achieving the growth investors hope for. One such project is DigiToads (TOADS). This project is in its final presale stage, Lilypad 10, and has raised over $6.4 million.  Their presale concludes on Aug. 15, 2023, as the project heads for launch on Aug. 21, 2023. Bitcoin consolidates around $30,000 In the volatile crypto world, how Bitcoin moves often significantly impact the broader market. After reaching historic highs in late 2021, prices fell in 2022, dropping below $20,000.  However, the pioneer coin has been resilient and has recovered, breaking above $...

MATIC witnessed a decline in bullish momentum and has lost hold of the $0.74 psychological support. Buying pressure was weak as the CMF hovered around the zero line. Traders might likely short/sell MATIC in the near term since the 50 EMA crossed over the 20 EMA. Polygon (MATIC) brief dip below $0.78 has turned out to be an event that has lasted a whopping five days. Over the last 24 hours, the altcoin had lost 2.32% of its value. But its last 30 days’ performance was controlled by the bulls where MATIC increased by 6.61%. Currently, the MATIC/USD 4-Hour chart shows that the altcoin was hovering around a tight support zone at $0.71. Due to decreased demand, MATIC’s buying strength has been cut off. This indicates bearish dominance around $0.72. For MATIC to regain bullish momentum, the price must rise above the $0.74 psychological level. But if selling pressure outweighs demand, then the recovery attempt could be quenched. Furthermore, bears have ...

Research by Nansen revealed that royalties to NFT projects on Ethereum totaled 699,816 ETH. The lifetime NFT royalties are valued at $1.8 billion, with the majority of them paid out last year. The royalties witnessed a decline in 2023, despite NFT volumes similar to last year. The total royalties paid out to NFT projects on Ethereum have reached 699,816 ETH, which is roughly $1.29 billion. Deranzxc, an analyst for on-chain analytics firm Nansen, shared his in-depth on-chain research into NFT royalties and other trends in the broader NFT market. Nansen took to Twitter earlier to share the results of deranzxc’s on-chain research, which revealed that 699,816 ETH had been disbursed to NFT artists as royalties. According to Nansen, the conversion rate takes into account the price of Ether at the time of the NFTs’ sale, which values the lifetime royalties at a whopping $1.8 billion. Of the total royalties, 25.9% or 181,252 ETH were paid in 2021. The majority of...

Also Read: “X” Token Surges 2000% Post Elon Musk’s Twitter Profile Update Litecoin Price Dump Ahead? According to Ali, the crypto analyst suggested that wallet addresses for Litecoin have increased dramatically recently. This can prove to be a not good sign for the LTC price ahead as it could face a dump ahead. However, Litecoin’s block subsidy is expected to drop from 12.5 LTC to 6.25 LTC per block after its fourth halving event. As per the data, every time when LTC addresses exceeded 350K in the past 5 years, a major price correction came in with it. August 2021 to January 2022 was the last period when Litecoin faced this kind of situation. Ali highlighted that more than 690K LTC addresses have been created recently in the excitement of the halving event which will take place in the next 9 days. He indicated that the upcoming halving could prove to be a selling event. This could lead to increased selling pressure and contribute to short-term price fluctuations. Sanitment’s dat...

A total of 44 countries are ready to join the BRICS alliance and accept the new currency for cross-border transactions. Developing countries from Asia, Africa, South America, and Europe have expressed interest to join the BRICS bloc months before the summit. A handful of Gulf countries are among the nations that are interested to accept the BRICS currency for global trade. The Gulf countries are Oil -rich and export billions of barrels of Oil to the U.S. and Europe every year. Also Read: 22 Countries Formally Apply for BRICS Membership The Gulf countries currently settle remittances with the U.S. dollar but it may begin to accept the BRICS currency after its formation. The U.S. dollar faces a risk of losing its demand if the soon-to-be-released BRICS currency gets accepted for Oil transactions. In this article, we will highlight the risks the U.S. dollar face if the Gulf countries accept BRICS currency. BRICS: What Happens if Gulf Countries Accept the New Currency...

A recent update in the federal court docket suggests that Ilya Lichtenstein and Heather Rhiannon Morgan, a New York couple, may plead guilty in the case against them for allegedly attempting to launder $4.5 billion in Bitcoin stolen during the 2016 Bitfinex hack. Their names appeared in a document typically used by federal prosecutors when defendants reach a plea agreement, indicating that the charges against them may soon be resolved. Bitfinex hack update: stolen Bitcoin now worth over $4.5 billion  Court records reveal that Ilya Lichtenstein and aspiring rapper Heather Rhiannon Morgan are scheduled to appear in court on Aug. 3 for separate arraignments and plea hearings on the provided information. At this time, public records do not provide any specific information regarding the charges. However, as the legal proceedings continue, more clarity may be revealed about the nature of the charges related to the alleged attempt to launder funds during the 2016 attack. You mi...