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Shiba Memu’s presale tops $4.5 million as $100k giveaway continues

Key takeaways

  • Shiba Memu’s presale has officially surpassed the $4.5 million mark.

  • The project’s $100k giveaway continues.

The cryptocurrency market has performed well this month, with altcoins rallying higher. Shiba Memu’s presale continues to reach new milestones and has now crossed the $4.5 million mark.

Shiba Memu continues its $100k giveaway

The Shiba Memu team announced via X (formerly Twitter) earlier today that its $100k giveaway contest is still ongoing. The team is seeking away $100k worth of SHMU tokens to the lucky participants as it looks to boost engagement in its project. According to the team, those holding $100 worth of SHMU are eligible to participate in this contest.

What is Shiba Memu?

Shiba Memu is a meme token project that aims to become a leader in its industry. So far, the project has raised more than $4.5 million and might reach the $5 million milestone soon. 

According to their whitepaper, Shiba Memu will launch a platform that will leverage AI and blockchain technology to ease marketing activities for individuals and entities.  Shiba Memu will handle the various marketing activities of agencies. The use of AI will ensure Shiba Memu works 24/7 to generate exciting content to help companies and individuals market their products and services. 

Shiba Memu will be launched as a meme token following the recent popularity of meme coins like Shiba Inu and Dogecoin. Over the last three year years, the market cap of meme coins grew from practically $0 to reach the $35 billion mark in 2023. 

There are thousands of meme coins with no real use cases. However, Shiba Memu differs in that it offers real-world use cases to its users. The platform has utility and will solve real-world problems for companies and individuals. 

Users can enjoy various marketing features offered by Shiba Memu. The project will help users develop their marketing strategies, write their PRs, and promote their services on relevant forums and social networks.

At the moment, the project operates on two major blockchains, Ethereum and BNB Chain

Shiba Memu’s presale tops $4.5 million

The Shiba Memu presale has been recording massive growth in recent weeks and has now surpassed the $4.5 million mark. 

Most of the funds generated via the presale would be directed towards developing the various Shiba Memu products. The Shiba Memu AI technology will take the lion’s share as it will be the primary technology powering the platform. 

Click here to find out more about Shiba Memu’s presale event. 

Should you invest in Shiba Memu today?

The cryptocurrency market is up by nearly 100% year-to-date. Bitcoin and other major cryptocurrencies have been performing excellently over the last few months. If the trend continues, the market could experience further gains next year. 

Shiba Memu could be one of the biggest winners in the upcoming bull run. Shiba Memu’s interest continues to go up as its stage-two presale stage now nears completion. 

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US wants over $4B from Binance to end criminal case: Bloomberg

  • The US Department of Justice is looking for $4 billion from Binance as settlement over the prolonged investigations against the crypto exchange.
  • Bloomberg says in a report that talks between the DOJ and Binance have been ongoing for a while and could end within weeks.

The US government is reportedly seeking over $4 billion from Binance, the world’s largest cryptocurrency exchange by trading volume, in order to settle the criminal investigation against it. 

The US Department of Justice and Binance have held discussions over this, Bloomberg News said in a report published on Monday.

Per the report, the DOJ will want Changpeng Zhao’s crypto behemoth to pay the colossal amount as part of a settlement in a case involving multiple criminal violations.

The talks between Binance and the DOJ also highlight the possibility that Zhao could face criminal charges in the US. This relates to allegations of bank fraud, money laundering and sanctions violations, according to people familiar with the said discussions.

According to the report, talks between the US government and Binance could conclude within weeks.

Bitcoin and BNB prices have spiked to above $37,600 and $262 respectively, up 3% and 7% in the past 24 hours.

The post US wants over $4B from Binance to end criminal case: Bloomberg appeared first on CoinJournal.

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DFINITY and SingularityNET partner to advance decentralised AI infrastructure

  • The DFINITY Foundation and SingularityNET are eyeing decentralised AI infrastructure
  • The project will integrate the Internet Computer blockchain with the SingularityNET marketplace.
  • SingularityNET CEO Dr. Ben Goertzel says the collaboration aims to develop infrastructure for decentralised AI and AGI that benefits all of humanity.

The DFINITY Foundation (DFINITY) and decentralised AI marketplace SingularityNET (AGIX) have announced a strategic partnership aimed at advancing the decentralised artificial intelligence (AI) infrastructure ecosystem.

DFINITY and SingularityNET will use the collaboration to build the infrastructure that will bring decentralised AI services to dApps built on the Internet Computer (ICP) blockchain, according to details published in a press release on Monday.

The push for decentralised AI infrastructure

The two companies are collaborating as the push for a decentralised approach to AI and Artificial General Intellogence (AGI) grow. 

An ecosystem that has the right infrastructure will help bring the benefits of this technological leap to humanity.

“SingularityNET and DFINITY have each created critical tools and platforms enabling great decentralisation of AI and AGI; bringing these two toolsets together will be an important step toward creating a decentralised AI network for the benefit of all humanity,” Dr. Ben Goertzel, CEO of SingularityNET, said in a statement.

The two organisations plan to synergize their grant programs, with the aim of Deep Funding DFINITY’s Developer Grant Program. In this case, the organisations hope to stimulate the developer community, providing the resources researchers and scientists will need to advance the decentralised AI ecosystem. 

ICP will play a crucial role in this quest, Dominic Williams, the founder and chief scientist at the DFINITY Foundation, noted.

“The Internet Computer has been at the forefront of hosting artificial intelligence on the blockchain. Since the launch of the $5 million DeAI grant in July, we have seen an uptick in projects leveraging AI on ICP. This initiative with SingularityNET will further realise our vision for DeAI and we’re excited to work alongside Dr. Ben Goertzel and his team to refine the DeAI framework,” he added.

Further collaboration on this endeavour will see the DFINITY Foundation and SingularityNET host joint events at ICP.Hubs around the world. These events will continue over the coming year, with hackathons, seminars, and more available.

Today’s announcement by the DFINITY Foundation and SingularityNET comes as the AI space grappled with the dramatic events at OpenAI. The AI company fired its co-founder and CEO Sam Altman last Friday, and despite reports of efforts to have him reinstated, Altman eventually joined Microsoft.

He is set to lead the tech giant’s new AI team.

The post DFINITY and SingularityNET partner to advance decentralised AI infrastructure appeared first on CoinJournal.

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Bitcoin surpasses $37K following the election of a pro-BTC president in Argentina

  • At press time, Bitcoin was trading at $37,172.29.
  • BTC broke the $37K mark in the wake of Javier Milei’s victory in the Argentinian presidential elections.
  • Javier Milei is a pro-Bitcoin politician.

Bitcoin experienced a surge, surpassing the $37,000 mark, in the wake of Javier Milei’s victory in the Argentine presidential election.

Milei, a self-described anarcho-capitalist, clinched the presidency with a significant 55% of the votes, signalling a major political shift in the country.

Pro-Bitcoin stance fuels market confidence

Milei, celebrated for his pro-bitcoin stance, has positioned himself as a supporter of decentralized finance (DeFi) and a critic of central banks. His victory has resonated positively within the cryptocurrency community, with Bitcoin enthusiasts optimistic about the potential impact of a pro-bitcoin leader in Argentina.

While Milei sees Bitcoin as a crucial tool for economic revival, it’s important to note that he has not proposed making Bitcoin legal tender in Argentina. Nevertheless, his commitment to reducing the influence of central banks and embracing decentralized financial systems has propelled Bitcoin to new heights.

Market reacts amid AI token sector gains

The broader cryptocurrency market witnessed an overall increase of nearly 2% in the past 24 hours, with the artificial intelligence (AI)-focused token sector leading the gains as explained in a previous news article. 

The Bitcoin and broader cryptocurrency surge appears to be driven by both the political developments in Argentina and unrelated positive developments in rising AI projects.

Bitcoin price movements

 

Traders, however, are expressing caution, highlighting potential market reactions following the release of Federal Reserve meeting notes scheduled for Tuesday. The anticipation of low liquidity towards the end of the week adds an element of uncertainty to the market.

As Bitcoin continues to make headlines with Milei’s victory, market participants will be closely monitoring global economic developments and central bank announcements for further insights into potential market shifts.

This news marks a significant moment in the intersection of politics and cryptocurrency, emphasizing the growing influence of political leaders on the digital asset landscape.

The post Bitcoin surpasses $37K following the election of a pro-BTC president in Argentina appeared first on CoinJournal.

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Osaka Digital Exchange introduces Japan’s first digital securities trading platform

  • The new digital securities platform is known as Start.
  • Start’s operations are scheduled to commence on December 25.
  • The platform will start with a $20 million real estate securities issuance

Osaka Digital Exchange (ODX) is set to make history by launching Japan’s inaugural digital securities trading platform, named “Start,” on December 25.

The platform’s regulatory approval from Japan’s financial watchdog on November 16 paves the way for ODX to revolutionize the country’s financial landscape.

Japan’s first digital securities trading platform

Founded in 2021, ODX comprises key players in traditional Japanese finance, including SBI Holdings and Sumitomo Mitsui Financial Group (SMFG). Its proprietary trading system, Start, is designed exclusively for security tokens. This strategic move aligns with the growing global trend of incorporating blockchain and tokenization into traditional financial systems.

To kick off Start’s operations, ODX will issue approximately 3 billion yen (about $20 million) worth of tokenized securities. The issuer, Ichigo Owners, a prominent real estate firm, signifies the practical application of digital securities within the real estate sector. This issuance underscores the potential for blockchain technology to enhance liquidity and accessibility for investors.

ODX’s regulatory approval and the subsequent launch of Start mark a significant milestone in Japan’s digital asset evolution. The involvement of heavyweight financial institutions like SBI Holdings and SMFG highlights the increasing support and interest from traditional finance in Japan for digital asset initiatives. This initiative comes at a time when the broader Asian market is witnessing a shift towards digital securities, with Hong Kong and South Korea also embracing the trend.

The introduction of digital securities trading through the Start platform positions ODX at the forefront of Japan’s financial transformation, offering new avenues for investment diversification and addressing the challenges posed by an ageing population.

The post Osaka Digital Exchange introduces Japan’s first digital securities trading platform appeared first on CoinJournal.