The Shiba Inu community is in its most defining moments as it kicks off its first election that will decide an interim president and set the course for the $7 billion token ecosystem’s future. With the fifth “Shib Year” now underway, some community members see the election as a significant step toward decentralization, with debates over leadership, transparency, and accountability heating up across the community. What’s Happening Inside the Shiba Inu Community In an August 4 post titled ELECTIONS, Shiba Inu’s lead developer, Shytoshi Kusama, announced that the community will…
Tag: Community
ADA’s $1 Dream: Cardano Community Approves Major $71M Grant
Key Notes Cardano community approved $71M grant to fund a year-long development roadmap by IOE. The proposal marks the first-ever community-funded core upgrade in Cardano’s history. ADA eyes $1, but must break key resistance at $0.80 to sustain bullish momentum. Cardano ADA $0.74 24h volatility: 2.3% Market cap: $26.65 B Vol. 24h: $974.48 M eyes a leap to $1 with the community approving a $71 million grant (96 million ADA) in a landmark governance vote. The grant will be used to fund a year-long protocol roadmap by Input Output Engineering (IOE),…
Crypto Community Blasts Solana Founder Over This Meme Coin/NFT Comment
Solana co-founder Anatoly Yakovenko is facing backlash from the crypto community over his comments about meme coins and non-fungible tokens (NFTs). Yakovenko made these remarks against these tokens despite his network being home to most of the top meme coins by market capitalization. Crypto Community Reacts To Solana Founder’s Comments The crypto community criticized Anatoly Yakovenko following his X post, in which he described meme coins and NFTs as “digital slop” and ones that have no intrinsic value. The Solana founder added that, like a mobile game loot box, people…
Roman Storm Urges Crypto Community To Donate $500k
Roman Storm, the co-founder of the crypto mixing service Tornado Cash, has asked for help to raise an immediate $500,000 ahead of his trial on Monday on charges of money laundering and sanctions violations. Storm posted on X on Saturday that he faces a “critical shortfall” and needs to raise $500,000 in the next few days, and will need another $1 million within the next few weeks to cover the cost of his legal battle. “My team is working nonstop to defend code as free speech, protect software development, and…
Ethereum Community Foundation Has Mandate For $10K Ether
An Ethereum core developer has set up a new organization called the Ethereum Community Foundation, with one of its aims to bring the price of Ether to $10,000. ECF was spearheaded by Ethereum core developer Zak Cole, who explained his rationale for setting up ECF at the eighth Ethereum Community Conference held in Cannes, France, on Tuesday. According to Cole, the Ethereum Foundation has been neglecting ETH as an asset class. The new organization is set to fund infrastructure projects that grow the Ethereum ecosystem, while simultaneously increasing the price…
Binance CEO Hands Community 3 Safety Rules to Navigate Web3
Key Notes Binance CEO Richard Teng shares 3 essential safety rules to protect users navigating the evolving Web3 landscape. Users are urged to verify information, treat dApps as third-party services, and only use official dApp sites. Rising threats like phishing scams and malware such as SparkKitty highlight the urgency of these precautions. With the evolution of the Web3 ecosystem, Binance CEO Richard Teng believes it is crucial for users to exercise caution. To this end, he took to X to share three tips that could serve as a safety net…
Bitcoin Community Arcs Up At Texas Cop Breaking BTC ATM
A county sheriff in Texas has taken a power-cutting tool to a local crypto ATM after a family was reportedly scammed out of $25,000, sparking debate among crypto users over the sense of his actions. According to local reports on Tuesday, a scammer had tricked a family in Jasper County, northwest of Houston, into depositing funds at a local Bitcoin (BTC) ATM by impersonating a government employee. Jasper County Sheriff Chuck Havard secured a search warrant and cut open the ATM, which photos show was branded as being operated by…
Bitcoin community divided over core developers latest update
A collective statement from 31 Bitcoin core developers has sparked a global debate between Bitcoiners after suggesting a hands-off approach to how the Bitcoin network is used, amid ongoing controversy over non-monetary use cases. “This is not endorsing or condoning non-financial data usage, but accepting that as a censorship-resistant system, Bitcoin can and will be used for use cases not everyone agrees on,” the June 6 statement published on the Bitcoin Core website said. Bitcoiners are “not in a position” to place mandates The letter argued that Bitcoin is a…
Paper Bitcoin? Community Raises Concerns About Custody Providers Engaging in Bitcoin Fractional Reserve Practices
The current state of the bitcoin market, which has failed to maintain its upward trend despite recent announcements from many companies adopting it as a reserve asset, has prompted concerns about the existence of paper bitcoin in the hands of custodians. Paper Bitcoin Woes Arise Due to Lack of Price Action The concept of paper […] Original
Crypto Analyst Says XRP Community Should Pay Attention To June 4-6, Here’s Why
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP’s price is now looking to break above $2.20 again after inching a few moves upwards in the past 24 hours. Notably, the cryptocurrency’s price action has seen a volatile movement over the past week. After…