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Beyond Eyeballs: Shytoshi Kusama’s Comment Sparks A SHIB-Worldcoin Drama – The Big Eyes Infinity Option

By
TI Partners
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0

In a recent statement, Shiba Inu’s (SHIB) lead developer, Shytoshi Kusama, ignited a spark in the cryptocurrency world by declaring that SHIB was superior to “any token that makes you scan your eyeballs.” While not explicitly naming the target, in the latest crypto news and discussions, it’s widely interpreted as a jab at Worldcoin (WLD).

This seemingly offhand comment has set the stage for potential drama between the two projects. This article examines the drama mounting up between these two cryptos and assesses their features. Moreover, we will be introduced to a third contender, Big Eyes Infinity (BIGINF), that is continuously gaining attention even in the heat of this drama.

SHIB: A Meme Coin Phenomenon

In the latest crypto news, Shiba Inu’s developer recently announced a trio of strategic partnerships, resulting in  a notable 19% spike in SHIB’s price. These partnerships are designed to expand the utility and adoption of the Shiba Inu token, which signals a growing influence of SHIB in the crypto landscape. One partnership involves a collaboration with a decentralized exchange, set to provide enhanced trading options and liquidity for SHIB.

Furthermore, Shiba Inu is making strides in the real world as another  partnership aims to integrate its token as a payment option in an e-commerce platform. This move seeks to bridge the gap between the digital and physical domains. Perhaps the most intriguing partnership involves the establishment of a decentralized NFT ecosystem centered around Shiba Inu. Non-Fungible Tokens (NFTs) have gained immense popularity, and Shiba Inu aims to capitalize on this trend by creating a platform for NFTs related to its brand.

Worldcoin: Eyeing Biometric Innovation

Worldcoin is a cryptocurrency project that uses digital identity verification. Its trending status is largely attributed to its unique approach to distinguishing genuine humans from bots or AI algorithms. Worldcoin has introduced a new digital identity verification system that uses iris-scanning technology in order to establish what it calls proof of personhood.

Worldcoin Price Prediction:

Drawing from the historical patterns of price fluctuations in Worldcoin, the anticipated minimum price for Worldcoin in 2024 stands at $1.78. Jointly, there is a prediction indicating that the value of Worldcoin might surge to a maximum of $2.94 in the upcoming year. Should WLD attain this upper price projection, it could potentially experience a growth of 25.10% by 2024 in contrast to its current value.

Big Eyes Infinity: Beyond Meme Coins

Amidst the drama unfolding between SHIB and Worldcoin, Big Eyes Infinity presents itself as a third-party alternative which focuses on the Big Eyes community’s growth. Big Eyes Infinity aims to enhance transparency by launching as a utility token. Holders gain access to the Big Eyes platform such as the 819Casino and play-to-earn (P2E) games.

Big Eyes Infinity stands out by offering integration with the 819Casino and P2E games. The BIG community’s support reflects faith in the project’s potential success; as a result, we are witnessing a growing trend of investor interest in this utility-driven tokens.

Consequently, every BIGINF token will be dispensed through an airdrop to holders upon inauguration, obviating the necessity for a claiming process. The debut of BIGINF is slated to occur directly on a decentralised exchange (DEX), underlining the aim of optimising gains for the community.

The tension between SHIB and Worldcoin has shifted the spotlight onto alternatives like Big Eyes Infinity. With a high-value proposition, Big Eyes Infinity offers a path for investors looking to avoid potential repercussions from the ongoing interactions between SHIB and Worldcoin. The rivalry between SHIB and Worldcoin highlights the potential for undesirable disruptions and unexpected turns.

Conclusion

While Shytoshi Kusama’s comment may have initiated just a friction, the subsequent outcomes reveal a range of possibilities and controversies for investors. Amidst the uncertainties, Big Eyes Infinity emerges as an intriguing contender. It offers a tangible utility that aligns with the demands of the crypto community. As the narrative continues to unfold, investors are reminded to stay informed, adaptable, and open to the vast opportunities that await within the world of cryptocurrencies.

To embrace the shifting tides of the crypto market and explore promising opportunities, consider becoming a part of the Big Eyes Infinity community—a pathway to an exciting and potentially lucrative journey in the crypto sphere.

Big Eyes Coin (BIG)

Website: https://bigeyes.space/

Telegram: Telegram: Contact @BIGEYESOFFICIAL

Instagram: https://www.instagram.com/BigEyesCoin/

Twitter: https://twitter.com/BigEyesCoin

Liquidity is a Very Important Signal in Crypto

By
Paul Ugbede Godwin
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0

If you are a crypto investor, trader, or enthusiast, you have probably heard the phrase “liquidity is king” many times. But what does it mean and why is it so important for the crypto market?

Liquidity is the ability of an asset to be converted into cash or other assets quickly and easily without affecting its price. Liquidity is a key factor that influences the attractiveness and profitability of any investment, especially in the volatile and dynamic world of cryptocurrencies.

In the crypto market, liquidity is especially important because of its high volatility and fragmentation. Crypto prices can change dramatically in a matter of minutes or even seconds, so having enough liquidity means that you can enter or exit a position at the best possible price and avoid slippage. Slippage is the difference between the expected price of a trade and the actual price at which it is executed. High slippage can result in significant losses or missed opportunities.

For example, Bitcoin might be trading at $50,000 on one exchange and $49,500 on another. This creates arbitrage opportunities for traders who can exploit these price differences, but also increases the risk of market manipulation and price distortion. Therefore, having high liquidity across the crypto market is beneficial for both traders and the industry as a whole. It reduces transaction costs, improves price discovery, enhances market efficiency, and fosters trust and confidence among participants. It also attracts more investors and institutions to the crypto space, which in turn increases the demand and value of crypto assets.

Liquidity has several benefits for crypto investors and traders, such as:

Reducing the risk of price manipulation and market inefficiencies. When there is high liquidity, the market reflects the true supply and demand of the asset, and the price movements are smoother and more predictable. On the other hand, when there is low liquidity, the market can be easily distorted by large orders or trades, creating artificial spikes or dips in the price that can lead to losses or missed opportunities.

Enhancing the speed and efficiency of transactions. When there is high liquidity, the transactions can be executed faster and cheaper, as there are more buyers and sellers available in the market. This reduces the waiting time and the transaction costs for the traders and improves their trading experience and performance. Conversely, when there is low liquidity, the transactions can take longer and cost more, as there are fewer buyers and sellers in the market. This increases the frustration and the transaction costs for the traders and lowers their trading satisfaction and results.

Increasing the accessibility and diversity of the market. When there is high liquidity, the market is more open and inclusive, as more people can participate in buying and selling the asset. This creates a more vibrant and diverse market, where different perspectives and opinions are expressed and exchanged. This also fosters innovation and competition, as new products and services can emerge and challenge the existing ones.

In contrast, when there is low liquidity, the market is more closed and exclusive, as fewer people can access and trade the asset. This creates a more stagnant and homogeneous market, where few voices dominate and dictate the market trends. This also hinders innovation and competition, as new products and services struggle to enter and survive in the market.

Therefore, liquidity is a very important signal in crypto that can indicate the health and potential of any crypto asset. By monitoring the liquidity of different crypto assets, investors and traders can make better informed decisions about their portfolio allocation and trading strategies. Liquidity can also help identify new opportunities and risks in the crypto market, as well as anticipate future price movements and trends.

Why the Spot Bitcoin ETF Delay?

By
Paul Ugbede Godwin
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0

The cryptocurrency market has been eagerly awaiting the approval of a spot Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Bitcoin ETF is a type of exchange-traded fund that tracks the price of bitcoin, the most popular cryptocurrency in the world. Bitcoin ETF allows investors to gain exposure to bitcoin without having to buy, store, or manage the digital asset themselves. Bitcoin ETF also provides more liquidity, transparency, and regulatory oversight than other bitcoin-related products.

A Bitcoin ETF works by holding a certain amount of bitcoin in a trust or a custodian, and issuing shares that represent a fraction of the bitcoin holdings. The shares are traded on a stock exchange, just like any other ETF. The price of the shares reflects the market value of the bitcoin holdings, minus the fees and expenses of the fund. The fund manager is responsible for ensuring that the shares are backed by enough bitcoin, and for rebalancing the portfolio as needed.

A spot Bitcoin ETF would allow investors to buy and sell shares of a fund that holds actual bitcoins, rather than futures contracts or other derivatives. However, the SEC has repeatedly delayed its decision on several spot Bitcoin ETF proposals, citing concerns about market manipulation, fraud, custody, and investor protection.

One of the main challenges for a spot Bitcoin ETF is to prove that the underlying market is free from manipulation and has sufficient liquidity and transparency. The SEC has expressed doubts about the reliability and integrity of the price discovery mechanisms in the cryptocurrency market, especially in unregulated or lightly regulated venues. The SEC also worries that a spot Bitcoin ETF could create arbitrage opportunities for market participants who have access to different platforms or sources of information.

To address these issues, a spot Bitcoin ETF would need to demonstrate that it has robust policies and procedures to monitor and prevent market manipulation, and that it sources its prices from reputable and regulated exchanges or indices. Additionally, a spot Bitcoin ETF would need to show that it has adequate liquidity providers and market makers to ensure efficient trading and fair pricing of its shares.

Another major hurdle for a spot Bitcoin ETF is to ensure the security and safety of the bitcoins that it holds on behalf of its investors. The SEC has raised concerns about the risk of theft, loss, or hacking of the digital assets, as well as the potential for fraud or misappropriation by the fund’s custodian or manager. The SEC also questions the ability of a spot Bitcoin ETF to verify the ownership and existence of its bitcoins, and to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations.

To overcome these challenges, a spot Bitcoin ETF would need to provide evidence that it has a qualified and trustworthy custodian that can safeguard its bitcoins in accordance with high standards of security and compliance. Moreover, a spot Bitcoin ETF would need to establish clear and enforceable rules and agreements regarding the custody, transfer, and redemption of its bitcoins, and to conduct regular audits and inspections of its holdings.

The SEC is concerned about the suitability and appropriateness of a spot Bitcoin ETF for retail investors, who may not fully understand the risks and complexities involved in investing in cryptocurrencies. The SEC fears that a spot Bitcoin ETF could expose investors to excessive volatility, liquidity risk, operational risk, legal risk, and regulatory risk. The SEC also worries that investors could be misled by false or misleading information or advertising about the performance or benefits of a spot Bitcoin ETF.

To mitigate these risks, a spot Bitcoin ETF would need to provide clear and comprehensive disclosures about the nature, characteristics, and risks of investing in cryptocurrencies and in the fund itself. A spot Bitcoin ETF would also need to educate investors about the differences between a spot Bitcoin ETF and other types of crypto-related products, such as futures-based ETFs or trusts. Furthermore, a spot Bitcoin ETF would need to adhere to strict standards of governance, accountability, and transparency in its operations and reporting.

The main benefit of Bitcoin ETF is that it lowers the barriers to entry for investors who want to participate in the bitcoin market. Investors do not need to worry about setting up a digital wallet, dealing with complex security protocols, or facing hacking or theft risks. They also do not need to deal with the tax implications of buying and selling bitcoin directly. Instead, they can simply buy and sell shares of Bitcoin ETF through their brokerage accounts and enjoy the same tax treatment as other ETFs.

Another benefit of Bitcoin ETF is that it increases the legitimacy and adoption of bitcoin as an asset class. By being listed on a regulated stock exchange, Bitcoin ETF attracts more institutional and retail investors, as well as more media attention and public awareness. This can boost the demand and liquidity for bitcoin, and potentially drive up its price. Moreover, Bitcoin ETF can help reduce the volatility and manipulation of the bitcoin market, by providing more accurate price discovery and reducing the influence of unregulated platforms.

MTN Wins The Trophy: Momo Is Africa’s Most Valued Fintech Unit at $5.2 billion

By
Ndubuisi Ekekwe
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0

Yes, MTN has birthed a unicorn, right inside it: “MTN and Mastercard also signed a memorandum of understanding which provides for a minority investment by Mastercard into Group Fintech based on a total enterprise valuation of about US$5.2 billion for the business on a cash and debt-free basis.” Depending on how you look at it, MTN runs the largest fintech company in Africa, and that fintech has a valuation that is bigger than any bank in West Africa.

Good People, the biggest banks of the future will be tech companies which offer banking services, and not banks which use technology.

In his words,

According to MTN Group President and CEO Ralph Mupita, he said the deal will be structured into two parts, including a commercial agreement on payments and remittance that uses Mastercard’s technology infrastructure to expand in Africa and the investment into a minority stake.

“Following the bespoke process to identify and potentially introduce strategic minority investors into MTN Group Fintech, we executed commercial agreements with Mastercard to support the acceleration and growth of our fintech business’s payments and remittance services.

“MTN and Mastercard also signed a memorandum of understanding which provides for a minority investment by Mastercard into Group Fintech based on a total enterprise valuation of about US$5.2 billion for the business on a cash and debt-free basis. The signing of the definitive investment agreements is expected to occur in the very near term as we approach the finalization of customary due diligence. The closing of the investment will be subject to customary closing conditions.”

AI Startup Anthropic Raises $100 Million in New Funding

By
Ojukwu Emmanuel
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0
Fund, money cash dollar

San Francisco-based Artificial Intelligence (AI) startup, Anthropic, has announced the raise of $100 million in funding from one of the largest mobile operators in South Korea, SK Telecom.

SK Telecom, which earlier made an investment in Anthropic in May, disclosed that the two companies aim to develop a global telecommunications-oriented multilingual large language model (LLM) and build an AI platform.

The LLM which SKT and Anthropic will jointly develop would allow four Global Telco AI Alliance members which include, e& and Singtel, Deutsche Telekom, to offer AI developments customized to their users in each market. The LLM would support English, Korean, German, Japanese, Arabic, and Spanish languages.

Commenting on the recent funding, CEO of SKT Ryu Young-sang said in a statement,

“Combining our Korean language-based LLM with Anthropic’s strong AI capabilities, we expect to create synergy and gain leadership in the AI ecosystem with our global telco partners”.

Founded in 2021, Anthropic is building an AI system called Claude, like OpenAI’s ChatGPT, that enables corporations to manage tasks, including searching, generating answers, automating workflows, coding, and processing text in natural conversations.

Like OpenAI, Anthropic also has big tech backing. By late 2022, Anthropic had raised US$700 million in funding, out of which US$500 million came from Alameda Research.

In February 2023, Google’s cloud division followed with an investment of US$300 million for a 10% stake, in a deal requiring Anthropic to buy computing resources from Google Cloud.

In May 2023, Anthropic raised US$450 million in a round led by Spark Capital. This brought the startup’s valuation to roughly $5 billion.

In July this year, the Google-backed AI startup released its updated version, Claude 2, its second-generation AI chatbot.

The Claude 2 comes with an improved performance, longer responses, and can be accessed via API as well as a new public-facing beta website, claude.ai. Anthropic has made improvements from its previous models on coding, math, and reasoning.

For example, Claude 2 scored 76.5% on the multiple-choice section of the Bar exam, up from 73.0% with Claude 1.3. When compared to college students applying to graduate school, Claude 2 scored above the 90th percentile on the GRE reading and writing exams, and similarly to the median applicant on quantitative reasoning.

It is worth noting that Anthropic Claude models are seen as major competitors to OpenAI’s GPT-4. The startup goal is to make fundamental research advances that will let the company build more capable, general, and reliable AI systems that deploy these systems in a way that benefits people.

Anthropic has said it will focus on research into increasing the safety of AI systems. Specifically, the company is focusing on increasing the reliability of large-scale Al models, developing the techniques and tools, to make them more interpretable, and building ways to more tightly integrate human feedback into the development and deployment of these systems.

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