Ripple, VeChain, IOTA, Dogecoin, and Stellar Lumen Make Big News This Week!

Ripple

• Ripple Labs won a lawsuit against the US Securities and Exchange Commission (SEC), possibly resulting in a 10 times price surge for XRP.
• Ripple has also launched a $250 million creator’s fund to attract NFT artists to the XRP ledger.
• The second wave of beneficiaries of the fund were announced in October last year and applications for the third wave are now closed.

IOTA Foundation & Dell Technologies

The IOTA Foundation has partnered with Dell Technologies to bring sustainable energy use cases to digital cities in order to transform Urban Mobility using Intelligent Security systems (ISS). This solution will utilize video recordings, analytics, and control centers all powered by IOTA technology.

VeChain

VeChain recently announced their new interoperable blockchain platform known as VeChain Thor V1.21. This update allows users to store different types of digital assets such as tokens, NFTs, and stablecoins on its blockchain network. Additionally, it offers enhanced security and scalability features that make it suitable for enterprise-level projects.

Dogecoin

Dogecoin is setting new milestones every day by reaching new highs constantly over the past few weeks. It even surpassed Bitcoin Cash (BCH) as the fourth largest cryptocurrency in terms of market capitalization at one point this week after experiencing an incredible 20% increase in its value within 24 hours.

Stellar Lumen

Stellar Lumen has launched the Stellar Asset Sandbox which simplifies asset issuance, minting, and burning on its testnet network. This could encourage more developers and creators to join the Stellar ecosystem while providing tools for them to create their own digital assets within minutes or hours rather than days or weeks using traditional methods.

Shibarium Launch: Trillions of SHIB Coins to be Burned

• Developer Shytoshi Kusama confirms billions of SHIB coins will be burned with the release of Shibarium.
• 3,312,307,240,798 SHIB coins have recently been transferred between anonymous crypto addresses.
• SHIB has been exchanging hands at $0.00001153 and is 0.43 percent down.

The Shiba Inu community is eagerly awaiting the launch of its Layer-2 scalability network Shibarium. The beta launch of Shibarium has been teased quite a few times recently and is expected very soon. To the relief of the Shiba Inu (SHIB) holders, the lead developer Shytoshi Kusama recently confirmed on discord that trillions of SHIB coins will be reportedly burnt with the release of the Layer 2 platform Shibarium.

This news comes shortly after the crypto tracking platform Whale Alert detected a single transfer of 3,312,307,240,798 Shiba Inu meme coins. This large transaction is just one of the many that have occurred in the month of January. Although, the SHIB price rallied by 4 percent on Thursday, it failed to continue the momentum and is still trading down from last week’s high of $0.00001273 when the SHIB price had jumped 20 percent in a day.

The SHIB burn rate has been tanking, however, the Shibarium release is expected to increase the burn rate of the memecoin. As of now, Shiba Inu (SHIB) has been exchanging hands at $0.00001153 and is 0.43 percent down. The one thing that’s holding up Shiba Inu from performing well is the massive supply and the decline in the burn rate.

The Shiba Inu community is awaiting the launch of Shibarium in hopes that the burn rate will increase and the SHIB price will jump. Follow us for the latest crypto news and updates to know when the Shibarium launch happens!

LBank Exchange Lists SSM: Revolutionizing the EV Industry with Blockchain Tech

• LBank Exchange will list Speed Service Mobility (SSM) on January 27, 2023.
• SSM utilizes blockchain technology to innovate the Electric Vehicle (EV) ecosystem.
• SSM aims to revolutionize the EV industry by converting existing personal chargers to shared chargers, preventing excessive occupation and monopoly use of chargers, and linking chargers operated/managed by different charging operators.

LBank Exchange, a global digital asset trading platform, has announced that it will list Speed Service Mobility (SSM) on January 27, 2023. The SSM/USDT trading pair will be officially available for trading at 7:00 UTC on January 27, 2023. This listing of SSM on LBank Exchange will help the project to further expand its global reach and help it achieve its vision.

Speed Service Mobility (SSM) is a project that innovates the Electric Vehicle (EV) ecosystem by utilizing the power of blockchain technology. The project has four visions it wants to achieve. Firstly, the platform is applied to the existing personal chargers to convert to shared chargers, and the easy-to-use shared chargers will be developed in a similar form to personal chargers, so that individuals can easily install/operate them and become charging providers. This enables users in the EV ecosystem to form a shared community together.

Additionally, SSM wants to prevent the excessive occupation and monopoly use of chargers by giving monetary (points/virtual assets) compensation or royalties based on token economics. This is to actively guide users to make positive changes and realize the construction of autonomous EV infrastructure. Furthermore, the chargers operated/managed by different charging operators can be organically linked with each other, allowing users to find chargers easily, and charge their vehicles conveniently.

To conclude, the listing of SSM on LBank Exchange is a great milestone for the project. With the power of blockchain technology, SSM is set to revolutionize the EV industry and make charging of electric vehicles more convenient and accessible.

Earn Rewards and Cash Out with the Meta Masters Guild!

• Meta Masters Guild (MEMAG) is a new mobile gaming guild that rewards community members for victories and participation.
• MEMAG tokens are available during the first stage of the presale at $0.007, with 10% of the capped supply allocated to exchange liquidity.
• Players can convert in-game rewards known as Gems into $MEMAG tokens and cash them out into the best altcoins such as Ethereum or reinvest them into the ecosystem.

Meta Masters Guild (MEMAG) is an innovative and exciting new mobile gaming guild that is set to revolutionize the play-to-earn gaming ecosystem. At the center of this ecosystem is the native token $MEMAG, which is available for presale now. During the first stage, $MEMAG tokens are available at $0.007, and of the total 1 billion tokens, 35% are allocated to the presale. Furthermore, only 10% of the capped supply is allocated to exchange liquidity, meaning that investors have more access to tokens during the presale.

Meta Masters Guild is looking to change the play-to-earn gaming dynamic by creating an ecosystem that is sustainable and keeps gamers coming back for more. To do this, the platform is hosting exciting and entertaining games that offer players rewards in the form of Gems. These Gems can then be converted into $MEMAG tokens and cashed out for the best altcoins such as Etherium. Alternatively, players have the option to reinvest the tokens back into the ecosystem.

By playing MMG titles, players are able to take full ownership of all in-game assets received as rewards. Reinvesting options include using the tokens to purchase in-game items and upgrades, or to purchase card packs, which offer exclusive content. With the MEMAG tokens, players can also participate in tournaments, leagues, and events on the platform.

The Meta Masters Guild is a revolutionary platform that is set to revolutionize the play-to-earn gaming ecosystem. By introducing high-quality games and rewarding players with tokens, it is giving gamers the opportunity to earn while they play. So make sure to get your MEMAG tokens now during the presale and become part of the exciting new Meta Masters Guild.

LUNC Price Drops 2.6% Despite Successful Interchain Station Integration

• Terra Classic (LUNC) has been integrated with Interchain Station, according to the lead developer of Terraform Labs.
• The integration will enable seamless communication between different blockchains and provide DeFi developers access to oracle data.
• Despite the successful integration, the LUNC price has dropped by 2.6 percent in the past 24 hours.

The Terra Classic (LUNC) has received a major boost with the successful integration with Interchain Station, according to lead developer Jared of Terraform Labs. This integration will enable seamless communication between different blockchains, which include Osmosis, Juno, and SEI, among others, to propel the Web3 industry. This integration will also provide DeFi developers with access to oracle data from different blockchains.

Jared announced this development via his official Twitter account, but it did not have an immediate positive impact on LUNC price. Market data provided by Coingecko showed that LUNC’s price has dropped by 2.6 percent in the past 24 hours to trade around $0.00016310. Despite this, the long-term impact of Interchain Station is expected to be positive for LUNC price.

The launch of Interchain Station was originally slated for January 12, but was delayed due to technical issues. However, Jared surprised the LUNC community by announcing the launch of Interchain Station roughly 48 hours after the tweet. He also added that more chains will be joining the Interchain Station and a support team will be launched in the next few days.

The integration of Interchain Station is a major milestone for Terra Classic (LUNC) and the Web3 industry. It will enable seamless communication between different blockchains, as well as provide DeFi developers with access to oracle data from different chains. Despite the successful integration, the LUNC price has dropped by 2.6 percent in the past 24 hours. The long-term impact of this integration is expected to be positive for LUNC price.

$1 Billion Venom Ventures Fund Launched to Accelerate Blockchain Adoption

• The Venom Foundation and Iceberg Capital have partnered to launch a $1 billion venture fund called Venom Ventures Fund (VVF).
• The fund will invest in innovative protocols and Web3 dApps, focusing on long-term trends such as payments, asset management, DeFi, banking services, and GameFi.
• The fund’s leadership team consists of some of the world’s most experienced traditional finance and blockchain professionals.

The Abu Dhabi Global Market (ADGM) has recently licensed and regulated the first Layer-1 blockchain, the Venom Foundation. This marks a significant milestone in the blockchain and cryptocurrency industry, as the Venom Foundation is the first of its kind to be regulated by the ADGM. Today, the Venom Foundation is proud to announce that it has partnered with Iceberg Capital, an ADGM regulated investment manager, to launch a $1 billion venture fund called Venom Ventures Fund (VVF).

The blockchain-agnostic fund will focus on investing in innovative protocols and Web3 dApps, such as payments, asset management, DeFi, banking services, and GameFi, with a long-term view in mind. It aims to become the leading supporter of the next-generation digital technologies and entrepreneurs, and will leverage Iceberg Capital’s network, expertise, and capabilities to offer incubation programs and access to an extensive industry network. Furthermore, the fund will assist the investee projects with marketing, exchange listing, technical, legal, and regulatory support.

The fund’s leadership team consists of some of the world’s most experienced traditional finance and blockchain professionals; including Peter Knez, ex-CIO at BlackRock and Mustafa Kheriba, a seasoned and well-known investment professional with an impressive track record in the MENA region. Mustafa has served on the Board of Directors of several financial services and insurance companies in the Middle-east and Europe. Operated by Iceberg Capital, the fund will be investing in projects and teams from pre-seed to Series A rounds.

Mustafa Kheriba, the Executive Chairman of Iceberg Capital, said „We are thrilled to launch Venom Ventures Fund. This fund is a major step forward in our mission to accelerate the adoption of blockchain technology and its use in the real world. We have a talented and experienced leadership team, and we are confident that the fund will become a major driver of innovation in the cryptocurrency space“.

The Venom Foundation is proud to be a part of this exciting venture, and looks forward to the future of this fund and its impact on the industry.

LUNC Price Boosts After Successful Interchain Station Integration

• Terra Classic (LUNC) is now compatible with Interchain Station.
• Lead developer Jared from Terraform Labs has confirmed the integration.
• The integration is expected to have long-term positive impact on LUNC price.

The Terra Classic (LUNC) has recently received a huge boost following a successful integration with Interchain Station. This is a major milestone for the rebranded Terra network, which now joins a list of other blockchains including Osmosis, Juno, and SEI, among others, to steer forward the Web3 industry.

According to market data provided by Coingecko, LUNC’s price is down approximately 2.6 percent in the past 24 hours to trade around $0.00016310. The Terra network currently boasts a market capitalization of approximately $981,178,831 and a 24-hour traded volume of about $97,623,378.

The news of the successful integration was confirmed by Terraform Labs lead developer Jared via his official Twitter account. Jared indicated that more chains will be joining the Interchain Station to enable seamless communication between different blockchains at all times. He also added that a support team for the Interchain Station will be underway in the next few days.

The TFL Interchain integration had originally been slated for unveiling on January 12 following technical delays. However, Jared surprised the LUNC community by announcing the integration ahead of schedule.

The integration with Interchain Station is expected to have a long-term positive impact on LUNC price. It will also enable DeFi developers to access oracle data from different chains via the Interchain Station with greater ease.

The Interchain Station integration is a major step forward for the Terra Classic network. Developers and users alike will be looking to see if the integration brings more opportunities to the Web3 industry and how it affects the price of LUNC in the coming days.

Build an Army of Unique Pieces with Wargrum.io on the Cardano Blockchain

• A new blockchain game, wargrum.io, is launching on Cardano’s blockchain and is based around the use of NFTs.
• Each NFT is a playable piece with spells and abilities that can be used in a tactical war.
• Users can earn tokens by winning matches against other players and use them to purchase more NFTs.

Cardano and blockchain game developer Jason Appleton recently announced the launch of a new digital tabletop war game, wargrum.io. The game is based on the Cardano blockchain, and it revolves around the use of NFTs (non-fungible tokens). According to the project’s website, each NFT makes a playable piece useful during a war. Each NFT is a single piece and cannot be duplicated, meaning that a 10-man unit will require at least ten copies in order to be playable.

The game system has a point system based on each user’s available NFTs, which they can use to unlock pieces and create a battle list. Players are rewarded tokens when they win matches against other players and can use their earned tokens to purchase more unique pieces or 3D model versions to replace their 2D pieces. Ultimately, users can collect hundreds of NFTs with varying special abilities.

Many of the project developers believe Cardano’s core values, vision, and mission make it the ideal blockchain to launch NFT gaming projects. The blockchain game developer, Appleton, shared an example of one of the characters – the Commande and the Guardian – which will have its own spells, abilities, weapons, and skills that can be used in a tactical war.

The launch of wargrum.io is the latest development in the Cardano blockchain ecosystem, and it is expected to have a significant impact on the billion-dollar gaming market. With the ability to earn tokens, players can use their NFTs to purchase more pieces and upgrade their battle list. With the increasing popularity of NFTs, the game could potentially push Cardano’s value and help it hit the $2 mark.

Wargrum.io is an exciting new project that is sure to bring a unique gaming experience to the Cardano blockchain ecosystem. With the use of NFTs and the ability to earn tokens, players can build an army of unique pieces to use in tactical wars. It remains to be seen how well the game will perform and if it can increase the value of Cardano and help it hit the $2 mark.

BlackRock Adds Bitcoin to Its $15 Trillion Global Allocation Fund

Bullet Points
• American investment firm BlackRock has added Bitcoin to its $15 trillion Global Allocation Fund
• With this move, BlackRock can scoop up all BTC on exchanges with just 0.32% of the assets it has under management
• BlackRock has also made moves to solidify its growing interests in the crypto asset class and sector by partnering with publicly traded exchange Coinbase Global Inc

American investment firm BlackRock has announced that it has added Bitcoin to its $15 trillion Global Allocation Fund. This is a significant move for the crypto industry, as BlackRock’s massive asset base of over $10 trillion makes it the world’s largest investment firm. With this move, BlackRock can scoop up all Bitcoin (BTC) on exchanges with just 0.32% of the assets it has under management.

The news of BlackRock’s move into Bitcoin comes as the cryptocurrency industry continues to gain traction among institutional investors. The pioneering cryptocurrency has seen a surge in interest from Wall Street, with MicroStrategy Incorporated, a business intelligence and software firm, having acquired over 132,500 Bitcoin units.

BlackRock has also made significant moves to solidify its growing interests in the crypto asset class and sector. In August last year, the New York-based firm partnered with publicly traded exchange Coinbase Global Inc to offer institutional investors a direct avenue to invest in Bitcoin. The firm has also teamed up with other financial services firms such as Fidelity Investments and JPMorgan Chase to build up its presence in the crypto industry.

The addition of Bitcoin to BlackRock’s Global Allocation Fund is undoubtedly a bullish move for the cryptocurrency industry and could bring in more institutional investors to the space. With BlackRock’s move, the crypto market could soon see a surge in activity from Wall Street, as the firm’s massive asset base makes it a major player in the industry.

Ethereum Devs Prioritize Unlocking Staked ETH in Shanghai Upgrade

• Ethereum developers have decided to prioritize unlocking staked ETH in the Shanghai upgrade, scheduled for March 2023.
• The upgrade is designed to make staking more attractive for individuals and institutions by allowing for withdrawals of staked ETH.
• Currently, 15 million ETH tokens, worth more than $20 billion, are locked up by over 495k active validators.

Ethereum developers have decided to move forward with the Shanghai upgrade, scheduled for March 2023, with the main priority being to enable the withdrawal of staked Ether (ETH). This upgrade is seen as critical to making staking more attractive to individuals and institutions, as it will finally allow Ethereum holders to access their tokens that are currently locked up.

The resolution was reached during the first virtual meeting of the year, with Tim Beiko, who coordinates other Ethereum developers, stating that other features should likely be removed from the Shanghai upgrade and moved to other upgrades. Currently, data from Beaconcha.in shows that 15 million ETH tokens, worth more than $20 billion, are staked by over 495k active validators. This is a significant amount of capital that is inaccessible to its owners and could be preventing other investors from staking their ETH to help secure the network.

The Shanghai upgrade is seen as critical for the Ethereum network, as it will potentially bring a slew of improvements. With the upgrade, staking will become more attractive to investors, as they will be able to access their tokens that are currently locked up. This could potentially bring more capital into the Ethereum network, which could be beneficial for the ETH market in the long run.

Of course, the Shanghai upgrade could also potentially cause some turbulence in the ETH market in the short-term, as investors adjust to the new conditions. However, the long-term prospects of the upgrade are seen as bullish, as it could bring more capital into the network and make staking more attractive for investors. Time will tell how the market will react to the upgrade, but for now, Ethereum developers are pushing forward with plans to enable the withdrawal of staked ETH.