Blockchain
Shibnobi’s Shinja is Opting For a V2 Migration On Nov 15th
Dublin, Ireland–(Newsfile Corp. – November 10, 2022) – Shibnobi Shinja, an open-sourced cryptocurrency token formed on the Ethereum blockchain, is migrating from Version 1 to Version 2 on November 15. This is a deflationary cryptocurrency project that aims to contribute to the decentralized finance ecosystem, where enthusiasts go in search of new ideas in hopes of becoming an early investor in new and upcoming projects.
Shibnobi
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The plan to achieve these goals includes a multichain swap called the Shibnobi Swap. Think of each chain in crypto as a global business chain. What the swap does is provides a secure and verified group of goods from all of the chains in one marketplace. In this case, the goods are the cryptocurrency projects. This approach in combination with structure of a public ledger of unchangeable transactions that make up the blockchain brings a newfound innovations transparency to the crypto ecosystem. In just under a year, the company has launched 8 projects on the swap.
Shibnobi has following of over 300,000 across all social media platforms, with daily weekday AMAs Monday-Friday broadcast across multiple social media platforms from a custom-built studio at Texas headquarters. The team believes that continuous engagement with community, and hearing the voices of the people helps provide a better scope for further development of the project.
To exemplify the principles, the team has heard the request of the majority and is now migrating from its existing version 1 contract to its new and improved version 2. Upon migration the new token structure will be a DAO or Decentralized Autonomous Organization, this structure will give the community the ability to vote on decision that will be made for the future of the project. The supply of the V2 will be 100 billion Shinja Tokens, resulting in a lower price structure and giving the project the ability to continue listing on higher tier Centralized Exchanges.
On November 1st, 2022, at 12:45 CST trading was halted on BSC smart chain and ETH blockchain for $SHINJA token. For investors who are currently holding on a CEX the tokens will automatically migrate from V1 to V2 and requires no action. However, if individuals are holding in a decentralized wallet such as trust wallet or metamask and purchased tokens from a decentralized swap like Uniswap or Shibnobiswap it will require some action and a transactional fee from the corresponding blockchain being used. The team recommends joining the Shibnobi telegram from the official website Shibnobi.com to view a spreadsheet with lowest transactional times on the ETH blockchain.
With the Shibnobi relaunch there will be no presale or private sale allocation. The company is simply upgrading the smart contract that defies the integrity and security of cryptocurrency project. Upon the successful relaunch, the team is hopeful the starting price and tokenomics will be more appealing to new investors while also incentivizing long term holders through staking.
Shibnobi is proud to be working alongside such an incredible community aiming to make a better cryptocurrency space and will continue to lead with innovation, transparency, and trust while providing informational updates and community interaction every step of the way. Whilst also developing and delivering this new ecosystem with a global network focused on the betterment of the space.
Website: https://shibnobi.com/
CoinMarketCap: https://coinmarketcap.com/currencies/shibnobi/
CoinGecko: https://www.coingecko.com/en/coins/shibnobi
Socials Handles:
Twitter: https://twitter.com/Shib_nobi/
Telegram: https://t.me/ShibnobiCommunity
Facebook: https://www.facebook.com/Shibnobi
YouTube: https://www.youtube.com/shibnobi
LinkedIn: https://www.linkedin.com/company/shibnobi/
Contact Details:
Contact Name: Sara Lemenorel
Email: [email protected]
Location: Dublin, Ireland
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/143800
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
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