Moonhub

2023-03-07 02:34:22 Nigerians are protesting against the country's cash shortage and the implementation of a central bank digital currency (CBDC). Despite government efforts to encourage adoption, Nigerians prefer cash as CBDCs present risks to financial freedom and privacy without unique benefits. The Nigerian government's restrictions on cash withdrawals have drained the economy of cash, making it difficult for citizens to access their funds. The experience in Nigeria serves as a cautionary tale for other countries considering the implementation of CBDCs. Open / Comment

2023-03-06 21:51:31 Charles Hoskinson, the founder of Cardano (ADA), has highlighted the progress of non-fungible tokens (NFTs) on the Cardano network, stating that they are the "most vibrant part of Cardano at the moment." According to Hoskinson, more than half the projects on the network are NFT-related and 8 million assets have been issued, making it the fastest-moving area of the Cardano ecosystem. Last week, NFTs were among the top Cardano projects with high engagement. Open / Comment

2023-03-06 15:07:44 Get ready to blast off into the world of cryptocurrencies with our Moonhub weekly digest! Our report is packed with the latest news, upcoming events, insightful analysis, and an engaging story that's sure to captivate your imagination. Click the link below to explore the cosmos of digital currencies:
https://moonhub.io/weekly/31-moonhub-weekly-06/03 Open / Comment

2023-03-06 09:21:12 Rapper Snoop Dogg has co-founded a new Web3-powered live streaming app called "Shiller". Along with entrepreneur Sam Jones, the platform aims to combine Web3 technology with real-time live-streaming content. Snoop Dogg has made several Web3 partnerships over the last year, including with Sandbox metaverse, Yuga Labs, and crypto casino Roobet. Shiller will heavily feature blockchain technology, enabling content creators to "token-gate" their streams and promote NFTs or products from e-commerce websites. Open / Comment

2023-03-05 19:40:12 Pancakeswap has announced the launch of its version 3 iteration on Binance Smart Chain in April, featuring new trading incentives, improved liquidity provisioning, and a user-friendly interface. The multichain dex platform is currently the second-largest dex by trade volume with over 3,200 tokens listed. To celebrate the launch, Pancakeswap is offering $135,000 worth of CAKE and a non-fungible token to early supporters. Other competitors in the decentralized exchange market include Uniswap, Sushiswap, and Balancer. Pancakeswap currently has $2.49 billion total value locked, with $2.45 billion on BSC, $29.72 million on Aptos, and $17.27 million on Ethereum. Open / Comment

2023-03-05 16:02:16 Charles Hoskinson, founder of Cardano (ADA), has refuted allegations of centralization in the cryptocurrency's governance structure. Vanessa Harris, a self-described "Web3 advisor," claimed that IOG, the company behind Cardano's development, would maintain control over the network through CIP-1694, a Cardano Improvement Proposal. However, Hoskinson dismissed these accusations and accused Harris of spreading fear, uncertainty, and doubt (FUD). The cryptocurrency community's response to Harris's Twitter thread about Cardano's proposed governance actions for CIP-1694 and Voltaire has been mixed. Open / Comment

2023-03-05 06:59:11 Shiba Inu and Polygon are preparing for significant network upgrades that could send the prices of SHIB and MATIC to new levels. Polygon's zkEVM beta mainnet will go live on March 27th, while Shiba Inu's Shibarium layer-2 scaling solution is set to launch next week, according to a recent tweet by a crypto YouTuber. The upgrades are expected to boost adoption and trading volume, driving up the prices of both cryptocurrencies. A crypto analyst is bullish on MATIC, predicting it will hit a new high against Bitcoin, while many Shiba Inu supporters believe SHIB will surpass Dogecoin to become the 10th most-valued asset by market valuation. Open / Comment

2023-03-04 23:07:22 The Cardano cryptocurrency community is anticipating a bullish price movement in March, with predictions of a 17% increase in value to $0.3971 per token, according to CoinMarketCap. Furthermore, users anticipate a rise to $0.42 by July. While the community’s predictions have a historical accuracy of just over 53%, recent data in January and February 2023 saw accuracy rise to around 80%, up from 6.8% in December. The positive outlook is attributed to Cardano’s adoption as a decentralized applications platform and sustainable blockchain technology, leading to a growing value locked in its decentralized finance space. Coinbase users have been holding onto Cardano for longer periods, indicating an “accumulation trend” among investors. Open / Comment

2023-03-04 19:06:00 Optimism's long-term retention rates are considerably higher than Arbitrum's, suggesting greater user trust in the L2 blockchain. Despite a decline in its native token price by over 17% in the last seven days, OP's network fees and revenue increased over the last 30 days, indicating increased usage. The much-awaited Bedrock upgrade, expected to go live in March, is likely to drive further growth. However, caution is advised for investors as OP's MVRV Ratio has declined, and the network's development activity and social volume have fallen in the last few days. Open / Comment

2023-03-04 15:00:00 Binance.US is facing allegations that it is operating an unregistered securities exchange in the US, according to a US Securities and Exchange Commission (SEC) official. The SEC believes that the sale of VGX tokens by Voyager Digital violated federal securities laws. SEC Senior Trial Attorney William Uptegrove made the claims at a bankruptcy hearing to determine whether Voyager should be sold to Binance.US. The official did not say whether the SEC had any enforcement actions in the works. Open / Comment