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Shiba Inu Reaches 900K Followers on Twitter, Surpasses Uniswap, Solana, Litecoin

Shiba Inu Twitter

Rate this post The Shiba Inu Twitter account reached a new milestone on Monday. The meme coin’s social media account is now followed by over 900,000 followers, leaving behind other projects such as Solana, Uniswap, and Litecoin.  Shiba Inu’s Twitter Hits 900K Followers, Overtaking Solana, Uniswap Shiba Inu’s Twitter account is now 900,000 followers strong. That makes the project more popular on the social media site than its peers like Solana, which has 622.8K followers, prominent DeFi exchange Uniswap, which has 631K followers, and long-time open-source project Litecoin, which has 768K followers. The Dogecoin-inspired cryptocurrency appreciated dramatically on September 16, following its listing on crypto exchange Coinbase. SHIB, which has a market capitalization of $3.4 billion, recorded an inflow of $870 million within 24 hours of its listing.  According to FollowerAudit.com, only 12.4% of the meme coin’s followers are reportedly “fake”, while 84.72% are “Active Followers”.  Unlike other meme coins that are developed for speculation-based trades, Shiba Inu has a growing ecosystem and different projects to showcase the token’s strength. In July, the developers behind SHIB rolled out a decentralized platform — dubbed as ShibaSwap — which raked in $1.5 billion in total value locked (TVL) in under 24 hours. Interestingly, Shiba Inu’s recent surge might also have a connection with “Dogefather” Elon Musk. The Tesla CEO recently announced the addition of a pet Shiba Inu named “Floki” to his family. Following Musk’s tweet, Shiba Inu’s price recorded an increase on September 13. SHIB Consolidating Between Two Resistance Levels After a parabolic rise on September 16, Shiba Inu was consolidating between two resistance levels: $0.00000768 and $0.00000835. However, after the recent bloodbath in the crypto market, SHIB has plummeted to $0.000007019.  To continue moving upwards, Shiba Inu has to retest the 62% Fibonacci retracement level at $0.00000963. But like other cryptocurrencies, Evergrande’s potential collapse has given sellers more authority to determine the asset’s price. That means SHIB could slide further and retest the $0.00000654 and $0.00000625 resistance levels in the short term. 

The post Shiba Inu Reaches 900K Followers on Twitter, Surpasses Uniswap, Solana, Litecoin appeared first on Cryptoknowmics-Crypto News and Media Platform.

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The Shiba Inu Twitter account reached a new milestone on Monday. The meme coin’s social media account is now followed by over 900,000 followers, leaving behind other projects such as Solana, Uniswap, and Litecoin. 

Shiba Inu’s Twitter Hits 900K Followers, Overtaking Solana, Uniswap

Shiba Inu’s Twitter account is now 900,000 followers strong. That makes the project more popular on the social media site than its peers like Solana, which has 622.8K followers, prominent DeFi exchange Uniswap, which has 631K followers, and long-time open-source project Litecoin, which has 768K followers.

The Dogecoin-inspired cryptocurrency appreciated dramatically on September 16, following its listing on crypto exchange Coinbase. SHIB, which has a market capitalization of $3.4 billion, recorded an inflow of $870 million within 24 hours of its listing. 

According to FollowerAudit.com, only 12.4% of the meme coin’s followers are reportedly “fake”, while 84.72% are “Active Followers”. 

Unlike other meme coins that are developed for speculation-based trades, Shiba Inu has a growing ecosystem and different projects to showcase the token’s strength. In July, the developers behind SHIB rolled out a decentralized platform — dubbed as ShibaSwap — which raked in $1.5 billion in total value locked (TVL) in under 24 hours.

Interestingly, Shiba Inu’s recent surge might also have a connection with “Dogefather” Elon Musk. The Tesla CEO recently announced the addition of a pet Shiba Inu named “Floki” to his family. Following Musk’s tweet, Shiba Inu’s price recorded an increase on September 13.

SHIB Consolidating Between Two Resistance Levels

After a parabolic rise on September 16, Shiba Inu was consolidating between two resistance levels: $0.00000768 and $0.00000835. However, after the recent bloodbath in the crypto market, SHIB has plummeted to $0.000007019. 

To continue moving upwards, Shiba Inu has to retest the 62% Fibonacci retracement level at $0.00000963. But like other cryptocurrencies, Evergrande’s potential collapse has given sellers more authority to determine the asset’s price. That means SHIB could slide further and retest the $0.00000654 and $0.00000625 resistance levels in the short term. 

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Source: https://www.cryptoknowmics.com/news/shiba-inu-reaches-900k-followers-on-twitter-surpasses-uniswap-solana-litecoin/

Blockchain

deBridge: A Cross-Chain Infrastructure Platform, Enables Projects to Expand Seamlessly to Other Blockchain Networks

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Interoperability between blockchains became a hot topic a few years ago. The concept was hailed by many as a necessary pre-condition for mass adoption. Crypto projects could not exist in their only little islands, they needed to be connected to have increased utility and value in the real world.

Nowadays, we have several cross-chain projects like Polkadot, Avalanche, and Cosmos building bridges within dApps and the decentralized finance (DeFi) space. However, and despite their best efforts, the currency level of interoperability is still insufficient.

Communication channels between blockchains are still scarce, and liquidity remains fragmented. However, a new solution is poised to change the current landscape, solving these issues and making the whole crypto space increasingly connected.

Enter deBridge

deBridge is a promising cross-chain infrastructure platform that allows developers to connect components of their protocols into different blockchains. In doing so, developers can ensure that any protocol being developed can leverage higher scalability, bridge its token so it co-exists in different blockchains, and build new types of cross-chain applications.

The deBridge protocol offers much more than just cross-chain interoperability and liquidity transfers. deBridge offers the infrastructure necessary for projects to be built on top of, while also allowing for other innovative functionalities such as passing arbitrary data between blockchains, interconnecting smart contracts in different chains, and performing cross-chain invocation of smart contracts.

How does it work?

Cross-chain communication between different blockchains is achieved through a network of elected validators, who independently run oracle nodes to perform various validations and data relays between networks. All oracle services used by deBridge are provided by industry leader Chainlink, the most trustworthy and time-tested decentralized oracle network in the crypto sphere.

The whole deBridge network is governed by its community through a DAO (Decentralized Autonomous Organization), allowing token holders to vote on proposals regarding protocol parameters, management of the treasury, and the overall future trajectory of deBridge.

Finally, a mechanism for delegated staking and slashing was also put into place. Validators are required to stake assets as collateral, which may then be used for slashing and compensation if validators’ choices incur financial losses for users. This ensures validators act in the users’ best interests, as their capital is at risk if they fail to do so.

Overall, the delegated staking and slashing mechanism serve as a backbone for the deBridge protocol security, preventing network validators from exploiting any collusions or loopholes in its economic model.

Closing thoughts

With only six months of existence, deBridge is already showing tremendous potential. After winning the Chainlink Global Hackathon in 2021, among a list of more than 140 rival teams, deBridge has recently closed a $5.5 million funding round and also received a generous grant from the Polygon foundation.

The deBridge decentralized infrastructure will soon go live on the mainnet. Once it’s available, blockchain developers will have an exclusive opportunity to leverage the groundbreaking cross-chain solutions offered by deBridge, thus building the most efficient and fast dApps and protocols possible.

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Source: https://blockonomi.com/debridge-guide/

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Seven-Time Super Bowl Champion Tom Brady Gives a Bitcoin to a Buccaneers Fan

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Seven-time Super Bowl champion Tom Brady announced on ESPN that he was giving a Tampa Bay Buccaneers fan a bitcoin for returning the star quarterback’s 600th touchdown pass ball. However, experts have said that if the fan kept the ball it possibly could have sold for $500K.

Tom Brady Announces Intention to Give Fan a Bitcoin in Exchange for His 600th Touchdown Pass Ball

On Monday, legendary NFL quarterback Tom Brady explained on ESPN that he was giving a Bucs fan, Byron Kennedy, a single bitcoin for returning his 600th touchdown pass. Brady discussed the idea on his Monday Night Football appearance. According to reports, the Tampa Bay Buccaneers fan was standing near the end zone after Brady and wide receiver Mike Evans completed the touchdown pass.

Evans, however, didn’t realize how important the ball was and tossed it to Byron Kennedy after the touchdown. Experts are saying that if Kennedy kept Brady’s 600th touchdown pass football he could have gotten a lot of money for the keepsake. According to one local report, Kennedy could have sold the ball for upwards of $500K if he waited.

Tom Brady and the Tampa Bay Buccaneers decided to negotiate with the Bucs fan and convinced him to return the ball for a reward. The Bucs gave him two signed Tom Brady jerseys, a Brady helmet, a Mike Evans jersey, and cleats. Kennedy also got two season passes to the Bucs 2021 and 2022 seasons and another game ball. The bitcoin gift from Tom Brady was mentioned after the aforementioned rewards were accepted.

Bitcoin Gift $438,000 Less Than What Experts Estimate Brady’s 600th Touchdown Ball Is Worth

Brady has been into cryptocurrencies for a decent portion of 2021 and crafted his own non-fungible token (NFT) marketplace called Autograph. In May, Bitcoin.com News reported on Brady adding laser eyes to his social media profile pic in support of BTC reaching $100K per unit. At the end of June, Brady and his supermodel wife Gisele Bündchen teamed up with the crypto exchange FTX. In September, the two starred in a $20 million ad campaign for FTX.

When Brady appeared on Monday Night Football on ESPN and discussed his crypto gift to Kennedy, he said he would make sure that the Bucs fan got his bitcoin. While a single BTC is swapping for just above the $62K region it’s still $438,000 less than what experts think the touchdown ball could sell for on the open market.

What do you think about Tom Brady giving a Tampa Bay Buccaneers fan a bitcoin in exchange for the touchdown ball? Would you have given the ball back to Brady and the team? Let us know what you think about this subject in the comments section below.

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600th Touchdown Ball, Buccaneers, Byron Kennedy, laser eyes, Mike Evans, NFL, nfl quarterback, Quarterback, Tampa Bay, Tom Brady, tom brady bitcoin, tom brady btc, tom brady crypto, tom brady cryptocurrency, tom brady laser eyes, tom brady nfl, Wide Receiver

Image Credits: Shutterstock, Pixabay, Wiki Commons

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Source: https://news.bitcoin.com/seven-time-super-bowl-champion-tom-brady-gives-a-bitcoin-to-buccaneers-fan/

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Blockchain

Composable Finance: Real World Solutions for DeFi

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Composable Finance is a project backed by he publicly traded German-based blockchain organization Advanced Blockchain AG. In late 2020 it began development as a cross-chain and cross-layer interoperability platform.

It also offers a hyper-liquidity infrastructure layer powered by Layer 2 of Ethereum and Polkadot protocols for DeFi assets.

Composable Finance is working on a suite of different products to launch cross-chain and cross-layer interoperability that is going to not only reduce the barriers for DeFi developers but also remove the unnecessary complexity for the users.

The Evolution of Blockchain Created Composable Finance

Bitcoin was the first one built for a decentralized and peer-to-peer digital asset due to its unique economic security model that is borderless and censorship-resistant. Then, Ethereum appeared to bring much flexibility and extensibility to the space by a programmable blockchain that can run decentralized applications.

When the platforms like Bitcoin and Ethereum have been more and more raising their interest and attention, the limitation started appearing then sparking a debate around scalability issues.

Blockchain technology has developed with the key value proposition of decentralization, which is the ability for networks to be owned and run by millions of stakeholders rather than the conventional corporate models of governance.

However, when the number of blockchain networks continues to grow, most of them remain cut off from each other. Like islands with their own communities and economies, they cannot exchange information or value with the outside world.

The lack of interaction between blockchain networks not only limits decentralization but also prevents the advancement and relevance of the technology. When applications are designed for one network, they only can work within that network, therefore, that limits their potential for broader adoption.

Several projects have been developed to address these issues by building bridges between networks since it will allow applications to build on each other’s services and strengths.

As a result, Decentralized Finance (DeFi) can get benefits from increased liquidity and the ability to build a network of services that connects across communities leading to their user increase and the expansion of the available resources.

One of the problems to be addressed is the lack of cross-layer (L2/L2) Interoperability. At the present, no protocol facilitates moving between different L2 applications.

Moving between L2 applications requires users to move back to the L1 chain first, which is highly insufficient due to long lockup periods, taking a few weeks, and a lot of fragmentation.

This lack of cross-layer (L2/L2) interoperability makes applications on one L2 network can’t communicate with the applications on another L2 network, therefore, infrastructures are siloed and complexity increased.

Composable Finance Takes the Lead

Composable’s CEO Cosmin Grigore has a bold vision for the future of DeFi. He has been a Lead Blockchain Developer, and sees opportunities ahead.

While building dApps on the Ethereum blockchain, he noticed there was a lack of interoperability between multiple blockchains and layers creating fragmentation and disparity across the DeFi ecosystem.

That restricted development and forced users of these dApps to navigate complicated and lengthy processes if they wanted to utilize multiple chains or layers.

The CEO partnered with the Head of Project to develop an ecosystem including a suite of different products to allow cross-chain and cross-layer interoperability, aiming to help DeFi developers reduce the barriers and remove the unnecessary complexity for the users.

The development of Composable has two phases. The first phase is focused on multi-layer (L2/L2) interoperability to bridge the gap between different Ethereum Layer 2 implementations and sidechains.

The second phase is the launch of its own Picasso parachain on Kusama, which has been developed over several months to pave the way for a complete DeFi ecosystem on Polkadot.

Picasso has been designed to be maximally useful to build along for DeFi developers. It is optimized for innovation, construction, maintenance, symbiosis in decentralized financial tools.

Users are able to create pallets for Picasso. These pallets will serve as the building blocks on the parachain and be developed for all DeFi primitives as well as having more advanced functionalities.

Developers can make pallets in the Primitives, Core, or Application tracks. DeFi primitives are the necessary powering the industry and include transaction execution, oracles, smart contracts, tokens, keepers, and governance.

Addressing the Core Issues

Core components of DeFi build on primitives to create key value-generating processes, such as lending. Application functions are more advanced and incorporate core and primitive components to generate sophisticated financial tools, like yield aggregators.

In short, the combination of a full suite of pallets will give developers built-in, highly customizable tools, allowing them to construct powerful, interoperable dApps.

In addition, once cross-chain message passing goes live, the currently supported pallets can be phased out, instead, users can choose communication with pallets on other parachains, spun out into parachains themselves, or altered in design.

New Technology – New Opportunities

Composable’s primary focus was on technology. The team is well known among crypto VC firms that assisted Composable with strategic advice and investment. One of the significant projects building on Picasso is an isolated lending pair pallet, called Angular Finance.

Designed to isolate risk, this pallet is set to open new opportunities for use cases such as leverage on interest-bearing assets and serves as a lending protocol for leveraged trading, options, and derivatives.

Another project is the Audited Platform.

The Composable Finance coding has been audited by the near decade-old cybersecurity auditing firm Trail of Bits. Trail of Bits had reviewed the code and made suggestions on addressing any points of weakness, which were implemented.

Composable aims to build a cult-like following in terms of awareness and community and is one of the first to work in both the ETH and Polkadot ecosystems and wants to bring them togherer.

The name Composable was chosen for a reason. It also represents the type of technology the team is building, as well as the community who are sometimes referred to as “Composers.”

The Picasso (PICA) Network Token

Composable releases the Picasso Network token (PICA), which is the native token of the Picasso parachain and lives solely on the Kusama parachain.

PICA will have functionalities including allowing voting on which pallets are implemented first on Picasso beside the other available core pallets such as Apollo (oracle pallet) and Cubic (vaults pallet).

The total Picasso token supply will be 10,000,000,000 and will be distributed as follows:

  • Liquidity Mining 30%
  • Crowdloan Stakers 20%
  • Team 15%
  • Treasury & Pallet Grants 15%
  • LAYR Stakers 10%
  • Protocol Emissions 10%

Composable Finance is Building the Future of DeFi

The DeFi industry is currently disjointed and disparate since interoperability solutions for cross-network communication and value transfer are inefficient and few and far between.

Unlike other companies which are exploring solutions to this problem, Composable provides the unique, all-encompassing solution of Composable.js to create a new layer that sits on top of existing chains.

Composable’s parachain allows the team to bring a full-scale, completely interoperable ecosystem to the Polkadot Network.

The unique value of Composable is not only to simply supply a piece of DeFi’s interoperability solution, but also to develop an entire ecosystem where developers can build DeFi offerings and end-users can enjoy a seamless experience.

Composable incorporates the larger DeFi industry into the project to break down the “ecosystem-as-a-service” model.

The team has developed the Composable Grants Program to allow teams and individuals to be able to apply for funding for developing cross-layer applications and pallets for the Kusama parachain, Picasso, which is to reach a broader understanding and use would be helpful for companies.

In addition, those who are chosen for the grant program will be introduced to key investors at certain stages of product development to receive support from the diverse team to help overcome any development barriers as well as assistance with marketing their project.

To date, Composable has partnered with the leaders in blockchain protocol such as Advanced Blockchain AG, Angular Finance, Polygon, Arbitrum, KYVE, and Kusama aiming to push forward with the company’s vision for building a fully interoperable DeFi ecosystem.

To learn more about Composable, you can visit its website by clicking here. It also publishes its ideas and updates on Medium!

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Source: https://blockonomi.com/composable-finance-guide/

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