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ShibBurn rates Surge amid Shibarium Beta Launch

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Popular meme-based cryptocurrency $SHIB’s token burn rate has reportedly surged in the past 24-hour period as the Shiba Inu community impatiently awaits the upcoming launch of the beta version of Shiba’s Layer 2 (L2) scaling solution Shibarium.

At 3:25 p.m. UTC on March 7, $SHIB burn tracker Shibburn reported that in the past 24-hour period, the $SHIB burn rate was up 78%. Over 410 trillion SHIB tokens have so far been burned, i.e. permanently removed from the supply or sent to an inaccessible Ethereum address.

The burn rate mechanism was introduced in 2021 after Ethereum creator Vitalik Buterin burned 90% of his $SHIB holdings and donated the rest to charity. The Shiba Inu community has since continued the practice, gradually taking $SHIB out of circulation.

In the past few weeks, there have been several other major listings for $SHIB and other tokens in its ecosystem as the community impatiently awaits the launch of Shibarium, a layer 2 blockchain designed at addressing the shortcomings of the $SHIB token’s host chain Ethereum, namely low speed and high transaction cost.

In a recent blog post, Kusama mentioned that Shibarium’s intake system would allow the Shiba Inu team to find the best projects and link them together with others who can help or assist. This system will also help them remain organized and grow Shibarium’s reach with professional companies, reset relationships with businesses they’ve connected to in the past, and find the right validators.

Kusama further shared that thousands of projects had already expressed their interest in being a part of the experimental journey of the Shiba Inu community. The team received numerous submissions through the Shibarium intake form, which is the document required in the intake system built to support those interested in doing anything for Shib.

Kusama expressed his delight in the thousands of submissions to the intake form, indicating that many exciting projects would join them on this experimental journey.

We are pleased to announce that our Shibarium Intake System is now live!
Join our ecosystem and be part of the Shib Army’s journey.

Although the intake form is not a requisite for developers to build on Shibarium, it will allow them to get the latest news and updates about Shibarium and the entire Shiba Inu ecosystem. Kusama added that the team was currently organizing and giving attention to every one of the several thousand submissions received, stating that the community is stronger as a unit, and even stronger with Shibarium.

As the excitement builds for the public beta testing of Shibarium, Kusama continues to provide exciting updates on the project’s progress. With the intake system in place, Shibarians and developers can expect a more organized and efficient ecosystem, providing them with the necessary tools to achieve their goals.

Shibarium’s layer-2 scalability solution has the potential to revolutionize the way the Shiba Inu community functions, opening up new opportunities for growth and expansion. The future looks bright for Shibarians, and the cryptocurrency space as a whole eagerly awaits the launch of Shibarium.

Vitalik Buterin gifts $15M to U.S. University, As Kaleo Predicts Upside Trend for MATIC

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A local news publication in San Diego posted yesterday that the state had received a sizable crypto donation from Vitalik Buterin. The $15 million donation is the largest crypto gift ever given to a U.S. University and UC campus. It is from Balvi Filantropic Fund, an organization directed by Vitalik Buterin. It was wired as USDC stablecoin and was exchanged into dollars via Engiven, a locally based crypto services provider in the area.

The donation is to help the area’s residents be safe from airborne pathogens following the outbreak of SARS-CoV-2, RSV, and Influenza.

According to researchers, the main cause of these outbreaks is the change in the humidity and the temperatures in the area. The mega donation will help the University of California, San Diego researchers to dive deeper into how the area’s residents can be caved from such occurrences.

Buterin commented on the matter, saying he is pleased to support the creation of the new institute to help determine how airborne pathogens behave and affect people. This is not the first time that Buterin has donated crypto. Also, he is not the only one who has. One of the most popular donations was made in Julian Assange’s extradition case.

The others were carried out in Ukraine vs. Russia war to help support Ukraine in withstanding Russia’s military offensive action. Additionally, millions in crypto have been given as relief in the Turkish Earthquake misfortune.

Now, Buterin’s latest move confirms that the crypto community still believes in upholding humanitarian causes.

Kaleo Predictions on Polygon and Bitcoin

Pseudonymous crypto analyst Kaleo tells his 566,000 Twitter followers that blockchain scaling solution Polygon Matic could be gearing up for a burst to the upside.

“After a nice ~20% drop from a couple of weeks ago, MATIC looks primed for a reversal.” 

Based on the trader’s chart, it appears that he thinks MATIC is likely due for one more leg down below $1 before reversing its trend and rallying all the way up to around $1.70.

Looking at the lower timeframes, Kaleo thinks that MATIC is likely setting up to take out its diagonal resistance.

“Diagonal breaks have led to major impulse moves for each leg higher throughout this uptrend.” 

At time of writing, MATIC is worth $1.13.

The crypto strategist is also updating his outlook on Bitcoin, believing that the king crypto could be consolidating in preparation for a parabolic surge in the coming months.

“This is your daily reminder $40,000 is still a magnet.”

A closer look at the analyst’s chart shows that he thinks Bitcoin could rally to as high as $45,000 in May before setting up a bull trap and correcting all the way down to around $37,000. At time of writing, BTC is trading for $22,183, suggesting an upside potential of over 100% for Bitcoin should it reach Kaleo’s target.

CBN Introduces Guidelines for Open Banking, Warns Banks to Respect Customers’ Data

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The Central Bank of Nigeria (CBN) has on Wednesday, issued operational guidelines for open banking in Nigeria, as part of its measures to sanitize operation of the banking industry.

The CBN said the Regulatory Framework for Open Banking in Nigeria established principles for data sharing across the banking and payments system to promote innovations and broaden the range of financial products and services available to bank customers.

“As a result, open banking recognizes the ownership and control of data by customers of financial and non-financial services, and their right to grant authorizations to service providers for the purpose of accessing innovative financial products and services,” the apex bank said, adding that this is anticipated to drive competition and improve accessibility to banking and payments services.

According to the guidelines, participants in open banking shall adhere strictly to security standards when accessing and storing data, and shall be subject to minimum privacy standards, operational standards, risk management standards and customer experience standards as prescribed by the Bank.

The CBN shall provide and maintain an Open Banking Registry to provide regulatory oversight on participants, enhance transparency and regulate operators within the open banking ecosystem.

Under the open banking proposition, any organization that has data of customers which may be exchanged with other entities for the purpose of providing innovative financial services within Nigeria is eligible to participate in the Open Banking ecosystem.

The CBN said entities participating within the Open banking ecosystem are categorized based on the roles that they may perform, and participants may assume more than one role depending on their services and offerings. The roles include API Provider, API Consumer and customer – whose data is involved and whose permission is required before the data is used.

“Consent is required from customers whose data may be required by services provider to avail them of financial products and services,” the guideline said.

CBN’s Director, Payments System Management Department, Musa Jimoh, said the guidelines have become necessary as the apex bank pushes to stabilize the financial system.

“The adoption of open banking in Nigeria will foster the sharing of customer-permissioned data between banks and third-party firms to enable the building of customer-focused products and services.

“It is also aimed at enhancing efficiency, competition, and access to financial services,’’ he stated.

Speaking on the conditions for sharing customers’ private data, the guideline said API Provider shall only share information of a customer with an API Consumer, upon presentation of a valid proof of consent by the customer, and shall authenticate such consent to ensure it emanates from its customer.

“Authentication of end-users and the validation of information to be shared with the ACs shall be done directly by the AP using the prescribed authentication mechanism within the API Security and Risk Management Standards,” it said.

Jimoh implored stakeholders to ensure strict compliance with the guidelines and with other regulations.

“The guidelines apply to banking and other related financial services as categorized and determined by the apex bank in the regulatory framework for open banking in Nigeria,’’ he said.

Is The Crypto Market Stabilizing? – Layoffs Decreased by 80% in February

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Recent reports reveal that the crypto industry witnessed a decrease in layoffs in February, compared to the previous month.

The number of layoffs for February was relatively low with only 570 recorded, compared to over 2,900 in the previous month. This new report suggests that the crypto market/ industry could be stabilizing which is a positive sign for the industry.

In February, the majority of job cuts impacted digital asset platforms, blockchain analytics firms, and software and blockchain development companies. Among the most recent layoffs were Messari and Elliptic, both crypto analytics firms, which cut 15% and 10% of employees respectively.

Other prominent crypto firms that announced headcount reductions in February are Fireblocks, crypto exchange Bittrex, NFT marketplace Magic Eden, software firm Protocol Labs and crypto media company The Block. Further research shows that a reduction of staff layoffs, in February was not only peculiar to the crypto space but across the general tech space. 

Despite the job losses, the crypto industry remains dynamic and continues to attract new talent and investment. Currently, there is now a bit of relief as the pace of layoffs in February appears to have slowed compared to previous months.

One of the reasons analysts suggest for the decline in the number of layoffs is that the economic downturn has outlived its effects, and there’s been some upward trajectory in the crypto market recently, which is a pointer to the fact that stability might be back. 

It is however interesting to note that amid the doomy and gloomy sentiment from the layoffs recorded, several market players offered help to those affected by the cuts, including Solana co-founder Anatoly Yakovenko, who tweeted, “If you are a departing Coinbase employee, reach out! I would love to find you a home in the ecosystem.”

Last year, the cryptocurrency market lost a whole lot of steam in 2022, which saw numerous investors got burned by fraudsters, crypto scams, and the implosion of major crypto institutions. This however affected investors’ confidence and prolonged the crypto winter.

It would be recalled that since FTX, one of the leading crypto trading platforms filed for bankruptcy in November 2022, its collapse sent a huge wave to the crypto industry which saw the price of crypto assets massively decline, accompanied by a series of layoffs from the crypto firms.

Also, crypto firms that had exposure to FTX and its related company Alameda Research had to file for bankruptcy as they struggled to stay afloat.

Meanwhile, CoinGecko COO Bobby Ong disclosed that during the bull market run, crypto exchanges expanded aggressively in response to the rapid growth in retail investor demand until they were hit hard by the onset of crypto winter amid a tough macroeconomic environment.

He said, “layoffs revealed that exchanges, in particular, have been ‘swimming naked’ and can no longer sustain their previous excesses.” 

However, many crypto enthusiasts and experts are predicting that the market could recover in 2023.

Useful apps that can help with essay writing

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Modern students often feel problematic and seek help with their homework, especially when it comes to written homework. Of course, you can use the help of your teachers and classmates who have more experience in writing, but when you are alone with your task, and must complete it faster. Becoming more productive could make a big difference. Our article will hint at how to use modern technologies to improve your studying performance and become a more successful student. Proceed reading, if you want to get some information you will be glad to use for your studies betterment.

Why use an essay writing app? 

Students often get written assignments when they study different disciplines and colleges and universities. Almost all students seek ways to ease their routine of creating various papers. Since essays are among the most widespread types of written assignments, students are focused on looking for ways to make writing essays plain, fast, and straightforward. We recommend you pay attention to the benefits of a modern, digitalized world. Thanks to using an app that writes essay for you, you will ease the process of creating papers and economize time.

In this article, we collected information about the most useful apps to help with essay writing. Please read below about the most impressive apps you can find online. We hope that the information about the apps below will improve your life and make you feel more confident when you write essays.

  1. Simplenote

Teachers recommend students take notes when they create drafts of essays and brainstorm on topics and theories. Many students are more likely to use paper notebooks and stickers to make notes. If you want to be sure that you will keep a sticker with your ideas or the notebook with the notes you created, you had better use a digital version of a notebook. Simplenote is one of the best apps that offer many functions related to creating notes. By using this app, you can easily make notes on any topic, organize them by groups and use them to create effective papers in a heartbeat. With Simplenote, creating notes will become a pleasure for you, and you will feel much more productive in producing papers faster.

  1. Oxford English Dictionary

Thanks to world-known organizations such as Oxford University Press, any student can get immediate access to the world’s comprehensive English Dictionary. It is not a secret that students who are not native English speakers face difficulties not only with formatting, structuring, and generating creative ideas for papers. One of the main issues is the need to write and use English words correctly. The Oxford English Dictionary app will let you download the dictionary to your device and use it on the go. Compatible with both iOS and Android systems, Oxford English Dictionary will become your best helper when you need to understand how to spell a word correctly, how to use it in the proper context, and how to explain its meaning.

  1. Grammarly

Some students admit that one of the challenging stages for them is the stage of editing. The main issue appears because after students spend many hours or even days creating a meaningful essay, they do not have enough resources to proofread the paper with patients. Skipping the stage of proofreading is forbidden if you want to score good grades because teachers pay attention to typos and grammar mistakes, considering them vital when deciding on the quality. A great app named Grammarly will let you reveal all your problems with proofreading and polishing your essays. The app has two versions, a free one and a paid one. Even if you use only a free version, you will quickly reduce errors and mistakes related to punctuation, grammar, repeated words, stylistic errors, and more. By using the paid version, you will make your text fantastic and can also check the paper for plagiarism.

  1. EssayShark

One of the most appreciated services that help with essays online, Essay Shark, created a great app that will let you get help with papers on the go. By downloading the app to your device, you will quickly provide all the information to a freelance author who works with the most reliable writing service on the web. The Essay Shark writing app is irreplaceable if you need more time to get to your laptop, open it, find the website, and fill out the order form to get help with your papers. Instead, you could use your mobile phone from the classroom to provide the information about the forthcoming task as you remember it. Do not wait long; once you get assigned a new essay on any topic, give the deadline formatting style, recommendations on structure, and other information to your potential helpers of the online essay writing service. Forget about the worries, thanks to this perfect app.

  1. Pro Writing Aid

The multifunctional app called Pro Writing Aid is irreplaceable for those who feel stuck writing their essays. If you want to eliminate errors in your essay and update it as a professional, this app is best for you. Pro Writing Aid works for students with low experience in writing or those with enough capabilities to create a perfect essay. This app recognizes the context of writing, understands the topic, and helps to reduce the words that do not fit well with the style of the paper. There are two versions of the app. A free version lets you understand how an app works and imagine how you will feel if you purchase a paid one to widen the functions. Use this app for creating essays on any discipline and see the difference in how your papers look with the help of modern technologies.

  1. Evernote

Thanks to Evernote, taking notes will become much more manageable. This app is top-rated among students and is used by business owners, managers, teachers, schoolchildren, and many other categories of users. Evernote offers a multifunctional interface to manage your notes, which they utilize in different ways. You can create papers in the app, draft essays, and group the information to store it effectively. Evernote also allows managing notes written by hand, so it has all the functions of a paper notebook. This app is top-rated, and you must try to understand what it offers.

Afterall 

One of the main problems students might face when they start working on their written tasks is the lack of ideas and instruments that help to implement their ideas. Students admit that they often do not have enough skills and knowledge of the language or do not have useful ways to make notes and generate ideas. If this problem sounds familiar to you, we are sure that reading our article was very helpful. We collected information about the most useful apps that can help with essay writing and are confident that now you understand what modern technologies can do for you in terms of studies. By downloading any of the apps, we provided in our article, writing essays will become more effective and productive, boosting your grades and self-confidence. Use the apps we provided, and do not forget that nowadays, you can become successful thanks to technology. We wish you good luck with your studies.