Aurelia Butler

Firstly, the crypto influencer remarked that “Shiba Inu looks like it’s fueling up for another leg” in his live stream, while also tweeting it on August 15th. At the moment, Shiba Inu (SHIB) sits near a key resistance level and with ‘#ShibaInu’ and ‘Shiba Eternity’ trending on Twitter (NYSE:TWTR) for the second day in a row, the possibilities are endless.The memecoin is leading the crypto rally this week because the hype of ‘The Merge’ coincides with Shiba Inu’s new game release, Shiba Eternity, which already entered the top 50 on the Apple (NASDAQ:AAPL) Store. On top of that, retail adoption is growing rapidly because of the forthcoming SHIB apparel line and acceptance by America’s two biggest food delivery services – Uber (NYSE:UBER) Eats US and DoorDash. Not to mention Welly’s, the Shiba Inu (SHIB) themed restaurant in Italy, with plans to set up shop in other countries in the near future. Ultimately, as retail adoption grows, the world will have to get used to seeing the cute face of the Japanese dog.Dogecoin’s (DOGE) founder Billy Markus, also known as Shibetoshi Nakamoto stepped in to remind the DOGE army about the light-hearted approach of the project. “Dogecoin, at heart, is just a shared database and network to add verifiable transactions to that database to move around virtual coins”. The founder of DOGE remarked that “crypto is simple”, but “people are complicated”.At press time, Dogecoin (DOGE) trades at $0.084555, which marks a 21.2% weekly increase. Moreover, the top dog coin has reclaimed the #10 position by total market capitalization, just a couple of days after Polkadot (DOT) forced the canine coin to step aside. Dogecoin’s (DOGE) journey to the moon might take a while, as the meme coin still has a way to go to reinstate its all-time high at $0.73 on May 8th, 2021.On the FlipsideWhy You Should CareWith meme coins leading the bull race, the crypto market could increase its total market cap significantly.Read more about the dog race between Shiba Inu (SHIB) & Dogecoin (DOGE)Read more about Shiba Inu’s recent surge, highest since AprilFind out why Ethereum (ETH) whales keep stocking up on Shiba Inu (SHIB)Continue reading on DailyCoin More

REX is a decentralized blockchain-based cryptocurrency utilizing smart contracts to provide highly rewarding and flexible time-based investments and bonding financial tools. Specifically, REX smart contracts provide a native investment option, called “staking”: locking up tokens for a period of time to gain rewards. This is comparable to a time deposit or certificate of deposit (CD) in traditional finance, but with more flexibility and greater possible gains.In crypto speech, REX is a staking token, so participants buy REX and stake it over time to earn more REX. The additional REX earned by stakers comes from new REX that is minted each day, causing the REX supply to increase, or inflate, over time. The REX token supply inflates by 12.9% per year. This inflation is created by the contract and distributed to the stakers.Staking tokens are not new to Decentralized Finance. Tokens with basic staking functionality exist already, like the cryptocurrency HEX that reached a Market Cap of more than $50 Billion and proved staking a valuable investment option.Compared to such basic staking tokens, REX smart contracts offer advanced and extended staking functions – unprecedented in Decentralized Finance – which makes managing stakes much easier, more flexible and – for the first time – fully decentralized.For example, in REX it’s possible to name stakes (to keep track of their purpose), split stakes (for instance, in a divorce), transfer an active stake to another address (for example, as a gift) and even withdraw already-earned staking rewards while a stake is active (instead of having to emergency-end it early). The user may also choose to create a stake as revocable (the stake can be ended early and the user can withdraw staking rewards before maturity) or irrevocable (the stake can’t be ended early and the user can’t withdraw staking rewards before maturity) to increase its Annual Percentage Rate (APR).REX has also introduced the concept of booster tokens, TREX and MREX, that allow users to increase their APR – up to 50%.Another example of innovation in REX is a new native decentralized exchange (DEX) for active stakes; a user may buy and sell active stakes on this built-in exchange without using any third-party or middlemen – a first in the Decentralized Finance (DeFi) space. This makes a REX STAKE itself a cryptocurrency, opening new possibilities for its users and maybe serving as a role model in DeFi.To ensure a top-level of long-term safety for its users, REX smart contracts have been triple-audited by industry leading auditing companies, including CertiK and Solidity.Finance.Visit rex.io to learn more or use it as a starting point for further investigation.Continue reading on DailyCoin More

EQONEX Shuts Down Crypto ExchangeNasdaq-listed EQONEX Limited announced that it will close its spot and derivatives cryptocurrency exchange which was launched in July 2020. It says it will “proactively exit the crowded crypto exchange space by closing the Exchange.”The company cites high competition among crypto exchanges and a drastic decline in its trade volumes as key reasons for shutting down its exchange. It also points to low margins as part of the reason for exiting the space.According to the announcement, the EQONEX exchange will shut down on August 22, giving customers one week to close their derivatives trading positions. Customers have until September 14 to withdraw their crypto to external wallets.EQONEX to Focus on Asset Management and Custody BusinessesChi-Won Yoon, the chairman of EQONEX, recently revealed the company’s intentions to focus its resources on businesses where it has “competitive strengths and can leverage its traditional finance expertise and experience.”According to the announcement, by shutting down its crypto exchange, the company can now focus on businesses that offer the most potential for revenue growth and long-term financial sustainability – asset management and custody businesses.On the FlipsideWhy You Should CareEQONEX launched during the 2020 crypto boom, and its exit from the space could be the result of the crypto markets entrenched in a 9-month-long bear market.Despite the exit, Brazil is enjoying a crypto boom. Read:Latin America’s Pactual Launches A Crypto Exchange In Brazil Called MyntRead about other exchanges affected by the market decline in:Crypto Exchange Hotbit Froze Withdrawals and Customer FundsContinue reading on DailyCoin More

A JPMorgan analyst believes Coinbase (NASDAQ:COIN) will be a “meaningful beneficiary” of the Ethereum (ETH) Merge.The analyst notes that the crypto exchange has taken concrete steps recently “to maximize the value of ETH staking for its clients,” which should results in higher revenue generation for itself.“We see the staking revenue opportunity bigger (proportionally) than the income opportunity given we expect Institutional staking clients will contribute meaningfully to ETH staking revenue, but much less so for Institutional customers. The vast majority of the economics remains with retail,” he said in a client note.The Ethereum Merge is likely to take place around September 15 and is considered to be one of the most important milestones in the history of cryptocurrencies. Coinbase is estimated to have a 15% market share of ETH assets.“We estimate Coinbase incremental annual staking revenue from the Ethereum merge of $650mn based on $2,000ETH and a 5% ETH yield. We see incremental annual income of $80-$100mn of staking income,” the analyst added.In addition to Coinbase, he says that FTX, Gemini, and Binance are also likely to benefit from the Merge. More

In a Cointelegraph interview, Mehmet Eryılmaz, the CEO of the entertainment-focused Web3 team Faro Company, shared his thoughts on how Web3 can contribute to the development of entertainment in emerging countries. According to the executive, media and entertainment companies have been plagued by gatekeepers, who often failed to properly represent other cultures. He explained that: Continue Reading on Coin Telegraph More