Schlagwort: crypto business

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Shiba Memu rises to fame, but how attractive is the meme crypto in 2023?

  • Shiba Memu aims to be a sustainable meme crypto alternative to its predecessors.

  • The cryptocurrency’s value has been rising during the presale every day.

  • The potential for Shiba Memu is huge, with up to 50x predictions.

Shiba Memu (SHMU) is undeniably one of the best-selling meme cryptocurrencies of 2023. Since launching a presale, the new meme crypto sensation has raised over $3.48 million. The solid presale underlines the interest in the meme cryptocurrency and its unique value proposition. But why has Shiba Memu grown so popular? Let’s discover more about this token that has raised so much interest while still on presale.

Shiba Memu: The self-marketing powerhouse led by AI

When meme cryptocurrencies are mentioned, Dogecoin, Shiba Memu, and PEPE are some top names. Hype, social media mentions, and retail frenzy drive the value of these cryptocurrencies. When the social activity wanes, the tokens fail to sustain gains, crashing after that.

But think of a meme cryptocurrency that can sustain its social media frenzy. Its market value can remain high and rising. This promise has attracted a lot of frenzy to Shiba Memu. The meme crypto project will use AI to analyse social media and deliver targeted marketing interventions. The capability sets Shiba Memu apart, allowing it to retain fame and maintain price surges. 

Shiba Memu learns every time. It searches the web for the latest creative advertising and crafts tailored PR strategies. The AI also constantly reviews and improves on its marketing strategies. Due to its self-improvement features, Shiba Memu can become more intelligent and powerful with time.

Shiba Memu also resonates well with its community. The project features an AI dashboard whose purpose is to connect with the users. You can interact with the AI through the dashboard, ask questions, and get feedback. At a time when AI is gaining prominence, Shiba Memu could prove to be the meme of the future. 

Is Shiba Memu the best meme cryptocurrency in 2023?

A few names have popped up in the meme crypto space in 2023. However, most are based on conventional blockchain technology and do not offer much to what is already there.

Shiba Memu could be the best meme cryptocurrency based on its innovativeness. The quick presale underlines investors’ belief that Shiba Memu could be the best meme opportunity in 2023.

Early investors may also have sniffed an opportunity for SHMU due to its tokenomics. From a starting price of just $0.011125, Shiba Memu is now valued at $0.031150. The gains are not accidental, as SHMU tokenomics allows it to increase daily at 6 PM GMT. This means each token bought on presale increases daily, boosting the investment value.

But as it is common, meme cryptocurrencies unlock value upon listing. Once the presale ends, Shiba Memu will be listed on centralised exchanges. The listing could see the value of Shiba Memu skyrocket, benefiting early birds and speculators. 

Shiba Memu prediction

With the Shiba Memu presale near its finish line, predictions are rife and huge for the token. Analysts hold a bullish view of the token, expecting it to eclipse its predecessors. As such, projections are that Shiba Memu could rise more than 10x and up to 50x.

Based on previous meme crypto movements, a 10x increase could be on the cards. The prediction reflects the current demand and the hype expected when Shiba Memu is listed. 

In the long term, the token has a 50x potential or more. The value will be unlocked from continued use as more investors discover and buy the cryptocurrency.

But don’t get it twisted. Meme cryptocurrencies have risen by supernormal margins within days of launch. PEPE is a great example that saw over 10,000% returns in a few days. It shouldn’t come as a surprise that Shiba Memu can claim similar gains once it lists on exchanges. So, investing now could be advantageous for investors seeking to capitalise on the initial market moves.

The post Shiba Memu rises to fame, but how attractive is the meme crypto in 2023? appeared first on CoinJournal.

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FTX auditor Prager Metis faces SEC legal action over violations

  • SEC takes legal action against Prager Metis, auditor of bankrupt crypto exchange FTX.
  • Prager Metis is accused of breaching auditor independence rules by adding indemnification provisions.
  • Lack of transparency and ethical concerns raise questions about auditing practices in the cryptocurrency industry.

The United States Securities and Exchange Commission (SEC) has taken legal action against Prager Metis, the auditor of the now-bankrupt cryptocurrency exchange FTX, alleging multiple breaches of auditor independence rules.

The SEC has accused Prager Metis of failing to maintain the required independence while providing auditing services to its clients. This violation of auditor independence rules is a serious issue that can have significant repercussions in the financial industry.

SEC charges against Prager Metis 

According to the SEC, Prager Metis added indemnification provisions to engagement letters for more than 200 audits, reviews, and exams conducted between December 2017 and December 2020. This act compromised their independence from their clients, contravening federal securities laws.

Even more concerning is the allegation that Prager Metis failed to notify its clients about these violations, despite being informed by the Public Company Accounting Oversight Board (PCAOB) that these indemnification provisions breached independence requirements. This failure to communicate such critical information raises questions about the firm’s transparency and ethical conduct.

Prager Metis had also faced scrutiny from Senators Elizabeth Warren and Ron Wyden, who had accused the firm of lacking independence when auditing cryptocurrency companies. Their specific allegation regarding Prager Metis’s audit of FTX, a cryptocurrency exchange that later declared bankruptcy in 2022, adds complexity to the situation.

Importance of auditor independence

The SEC’s legal action against Prager Metis highlights the importance of auditor independence in maintaining the integrity of financial reporting and public trust. The alleged violations spanning several years raise concerns about the auditing practices of Prager Metis and its impact on the clients it served, including FTX.

The outcome of these legal proceedings will determine the extent of accountability and potential consequences for Prager Metis. Additionally, it underscores the need for strict adherence to auditor independence rules and greater transparency in the financial auditing industry.

As this case unfolds, the implications for the cryptocurrency industry and the auditing firms that serve it will be closely monitored. Auditor independence remains a cornerstone of trust in financial markets, and any violations must be addressed to maintain investor confidence.

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Will XRP collapse? 3 cryptos to buy with promising futures

The crypto market, characterized by its volatility, often witnesses unprecedented surges and sudden declines. However, the recent uncertainty surrounding Ripple’s XRP has shaken the very foundations of the crypto community. With the SEC reigniting their battle against Ripple, potential investors are grappling with doubts over XRP’s future. Yet, even in this clouded climate, some top altcoins are emerging as beacons of promise.

At the centre of this new-age investment frontier stands InQubeta and its native token, $QUBE, followed closely by Fetch.AI (FET) and the Injective Protocol (INJ). While it’s tempting to focus solely on the potential downfall of XRP, it’s equally critical to keep an eye on emerging cryptocurrency ICOs.

InQubeta ($QUBE): the vanguard of AI-driven investment

The intersection of blockchain and Artificial Intelligence is an unparalleled fusion of technology. InQubeta has harnessed this promise, positioning itself as the bridge between ambitious AI projects and eager investors. Through its innovative QUBE tokens, InQubeta unlocks an arena once dominated by the Silicon Valley elite, enabling average investors to support the AI startups that will shape our future.

QUBE, as a deflationary ERC20 coin, is a beacon of potential for savvy investors. It boasts of a well-thought-out ecosystem, from staking rewards to an exclusive NFT marketplace where AI-driven investment opportunities await. Furthermore, QUBE isn’t merely a good crypto to buy; it’s a symbol of governance. Token holders play an active role in shaping the platform, making decisions that will chart InQubeta’s future. With a strong foundation, an audited smart contract, and a bright roadmap ahead, QUBE stands out as a prime investment opportunity in these uncertain times.

To purchase QUBE tokens, visit InQubeta Presale.

Fetch.AI (FET): pioneering decentralized machine learning

Emerging from the shadows of mainstream crypto projects is Fetch.AI, bringing with it the promise of decentralized machine learning. At its core, Fetch.AI aims to connect IoT devices and data using blockchain technology. 

By fostering a network where devices can communicate and learn from each other autonomously, Fetch.AI is opening up possibilities for more efficient, smart technology systems. Its token, FET, is an integral part of this decentralized AI ecosystem, which gives it intrinsic value and potential for growth.

Injective Protocol (INJ): revolutionizing decentralized finance

Another star on the horizon is the Injective Protocol. Rooted in the world of decentralized finance (DeFi), Injective Protocol promises fast, secure, and fully decentralized trading. The platform’s ability to support a broad range of financial products, from futures to spot trading, has captured the attention of crypto enthusiasts. 

INJ, the native token, powers this ecosystem, and its utility goes beyond mere transactions. It’s instrumental in governance, staking, and liquidity mining, providing the backbone for the Injective Protocol’s ambitions.

Conclusion

While the ongoing SEC-Ripple saga has cast a shadow over XRP’s future, the crypto landscape is vast and brimming with potential. 

Tokens like QUBE, FET, and INJ, each with its unique value proposition and forward-looking vision, represent the future of this dynamic market. As the tides of the crypto world shift, it’s these top crypto coins—with solid fundamentals and tangible utility—that stand poised to weather the storm and offer promising returns to their believers.

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Litecoin (LTC/USD) price halved during the summer; what next?

  • Litecoin’s price halved in less than three months
  • Buying the dip is risky despite a small head and shoulders pattern forming
  • The dollar’s rally needs to stop for coins like Litecoin to reverse fortunes

The US dollar registered one of the biggest rallies ever during summer. For example, it gained against the EUR for eleven consecutive weeks – the first time ever! 

It wasn’t only the EUR that the dollar strengthened against. In fact, it was a broad-based dollar strength, as it squeezed everything in its way higher. 

That means cryptocurrencies, too. 

Some of the cryptocurrencies fared better than others. For example, Bitcoin still holds close to its 2023 highs, moving in a horizontal consolidation for months. 

However, some other coins did not perform so well. Litecoin (LTC/USD) is one of them, as its price halved during the summer months. It was trading at $115 in July, only to drop to $60 in less than two months. 

Such volatility is not unusual in the cryptocurrency space. But the speed of the decline (or the speed of the dollar’s strength) is so fast that it takes a lot of nerves and courage to buy such a dip. 

Litecoin chart by TradingView

LTC/USD forms a small inverse head and shoulders pattern

A head and shoulders pattern signals a reversal. When it forms during a bearish trend, it signals a potential bullish reversal. 

The head of the pattern pierced through the $60 level before bouncing. It is enough for the pattern to respect the rules, but is it enough to reverse such a powerful bearish trend seen during the summer months? 

All in all, the main conclusion after nine months into the trading year is that Litecoin couldn’t hold above $100. If it doesn’t build energy to try again, the path of least resistance remains the downside. 

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Google Cloud is now a validator on Polygon

  • Polygon Labs has announced that Google Cloud is now a validator on Polygon PoS network.
  • The new validator will bring “same infrastructure” powering YouTube and Gmail.
  • Google Cloud joins recent addition Deutsche Telekom.

Polygon Labs has announced that Google Cloud is now officially a validator on the Polygon PoS network. The company revealed the development in a post on X on September 29.

Google Cloud joins Polygon’s validators

According to Polygon Labs, Google’s cloud computing platform has joined over 100 validators on the leading Ethereum layer 2 network.

“High-quality, trusted, security-minded validators like Google Cloud provide an added layer of security for Heimdall, Bor, and Polygon PoS users,” the Polygon developer team noted.

In the proof-of-stake blockchain world, validators are key as they operate the nodes that help secure the network via a process called staking. The native token MATIC is used in this crucial network operation. Google Cloud will help secure Polygon in this manner, which Polygon Labs says will see “the same infrastructure used to power YouTube and Gmail” now help in securing the Ethereum L2 protocol.

Today’s news follows Google Cloud’s recent announcement of its support for eleven more blockchains for its BigQuery public datasets. One of the networks added was Polygon PoS.

In June, Germany’s telecommunications giant Deutsche Telekom joined Polygon’s validator group.

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