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The Shiba Inu ecosystem recently announced a partnership with Shiro Neko (SHIRO), a cat-themed memecoin on the Ethereum blockchain. This collaboration introduces a dual-staking mechanism set to launch on December 2. The initiative allows users to stake SHIB tokens to earn SHIRO and vice versa, creating new opportunities for holders of both cryptocurrencies. The partnership has sparked interest due to its potential to enhance engagement within both communities. Shiba Inu’s Lead Developer Denies Involvement Following the announcement, concerns were raised by some community members regarding the legitimacy of the Shiro Neko project. Questions about transparency led Shytoshi Kusama, Shiba Inu’s lead developer, to address the issue. In response to a comment implying potential issues with the collaboration, Kusama clarified that he is not involved with Shiro Neko and requested that his name not be associated with the project. Dont @ me. I am not involved with Shiro. Tanks bunches. — Shytoshi Kusama (@ShytoshiKusama) November 28, 2024 Past Concerns About Shiro Neko Resurface Community concerns about Shiro Neko are not new. Last month, Susbarium, a community-managed scam awareness channel linked to Shiba Inu , warned the Shiba Inu community about the project. This warning came after Shiro Neko conducted a significant token burn, destroying 5.58 billion SHIB in a single transaction. Following the burn, Shiro Neko’s team sought a formal relationship with Shiba Inu, sparking skepticism about its motives. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Susbarium advised the community to be cautious, highlighting that projects using large token burns as promotional tactics should be carefully evaluated. Although the channel did not label Shiro Neko a scam, it recommended investors conduct thorough research before engaging with the token. Mixed Reactions from the Community While some community members view the dual-staking initiative as an innovative way to increase the asset’s utility, others remain wary due to the concerns raised. The timing of the partnership, given past warnings, has led to further scrutiny. Despite this, the collaboration is moving forward, with supporters hopeful it will contribute to the growth of both ecosystems. As the dual-staking launch date approaches, investors are urged to remain cautious and informed. Conducting due diligence remains crucial in ensuring safe participation in cryptocurrency investment. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Shiba Inu Lead Dev Distances Himself From This Memecoin Partnership With SHIB appeared first on Times Tabloid .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
David Marcus Suggests Political Interference Behind Diem’s Collapse Amidst Rising Claims of Targeted Banking Exclusions
David Marcus alleges political interference killed Facebook’s Diem stablecoin project, underscoring the complexities in crypto regulation. Marcus’s claims are part of a broader narrative where crypto founders report targeted banking TimesTabloid
We Asked ChatGPT if Ripple (XRP) Can Hit a New ATH Before Christmas
TL;DR XRP tapped a three-year high, but achieving a new ATH of over $3.84 by Christmas depends on numerous factors. Ripple’s stablecoin, RLUSD, could positively impact XRP’s price if launched soon, but its approval by the NYDFS remains uncertain. A Very Special Christmas for the XRP Army? Ripple’s XRP has been making the headlines in the past few weeks, registering an impressive price increase and outperforming its rivals. On November 29, it reached a three-year high of $1.67, while some analysts believe the bull run could take it to a new all-time high before Christmas. XRP Price, Source: CoinGecko We decided to poke the AI brains of ChatGPT and see if it shares that thesis. The popular chatbot claimed such a scenario is unlikely but not entirely out of the cards. However, surpassing $3.84 (the ATH registered in 2018) will depend on multiple factors. Perhaps the most important is the shift in the leadership of the US Securities and Exchange Commission (SEC). Not long ago, the current Chairman, Gary Gensler, confirmed he will step down on January 20, 2025. This has led to speculation that the next leader will be pro-crypto and not hamper the industry’s advancement with constant legal battles. To the uninitiated, the Commission filed countless lawsuits against cryptocurrency businesses over the years. Among those is the legal tussle versus Ripple, which has been ongoing for almost four years. According to ChatGPT, though, XRP might experience a significant pump once Gensler vacate his post. It is unlikely that he will do so before Christmas this year. Another essential element is the overall market sentiment. The AI-powered chatbot assumed that Ripple’s native token could head north if the entire cryptocurrency sector thrived. Despite a recent correction, the market’s condition remains quite bullish, with Bitcoin (BTC) trading well above $95,000 and Ethereum (ETH) tapping a six-month high of almost $3,700. Last but not least, ChatGPT reminded about XRP’s historical performance, noting that the asset is capable of charting double and even triple-digit gains in a short period of time . The Potential Role of RLUSD Another factor that may boost the valuation of XRP in the near future is the eventual launch of Ripple’s stablecoin – RLUSD. Earlier this week, X user Vet said almost all tokens have been burned , sparking rumors that the product is ready to see the light of day. Nonetheless, the community will have to wait for approval from the NYDFS. Monica Long (president of Ripple) recently stated : “It’s up to them. They are reviewing our trust application. It’s going to be in their hands when they are approving it.” The post We Asked ChatGPT if Ripple (XRP) Can Hit a New ATH Before Christmas appeared first on CryptoPotato . TimesTabloid
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XRP Skyrockets 130% in Volumes as Price Hits $1.94: Details
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