The CZ of Binance is still holding these cryptocurrencies.
Changpeng Zhao, CEO of Binance, appears unconcerned about the volatile market conditions as he keeps his cryptocurrency holdings. CZ recently shared in a tweet that he has not sold any Bitcoin or Binance Coin despite the fact that the two cryptocurrencies have fallen by 70.85% and 65.86%, respectively, from their respective all-time highs, to demonstrate his unwavering conviction. Zhao is the 77th richest person on the planet, valued at $18.7 billion by the Bloomberg Billionaire Index. Due to the terrible state of the cryptocurrency market, his net worth has fallen by a staggering $77 billion.
Shiba Inu’s lead developer announces the launch of SHI stablecoin in 2022
One of the main developers of the Shiba Inu project, Shytoshi Kusama, teased the SHIB community with his enigmatic tweets before revealing several details about the project’s future and its offshoots. First, Kusama noted the increased focus on the Shibarium, Shiba Inu’s Layer 2 solution, interface and usability, adding that everything is going according to schedule. The developer then provided a SHI stablecoin update for Shiba Inu. Shytoshi predicted that SHI could be made available as soon as 2022, barring any impediments. The creator further expressed his regret for the delay in the development of SHIB Metaverse and said that the release date should not have been announced in the first place. Additionally, he mentioned changes to the project team that should elevate SHIB Metaverse to AAA-level status.
Peter Brandt, a seasoned trader, highlights crucial Bitcoin chart patterns
One of the most well-known traders in the financial and crypto industries, Peter Brandt, revealed to his subscribers the Bitcoin chart pattern that could predict the future course of the virtual currency. Additionally, Brandt made a sarcastic remark, claiming that a chart pattern is most likely a pennant if it behaves similarly to a pennant and has similar appearance. Unfortunately, another pennant for Bitcoin raises the possibility that further losses could befall the king of cryptocurrencies in the coming days or even weeks. The provided chart demonstrated that Bitcoin had previously drawn two patterns that suggested an impending rise in volatility. Sadly, a downward spike caused the first cryptocurrency’s price to drop below $20,000.
Cardano’s technical architect at IOG is working on “Tsunami”
In a recent interview, Cardano’s IOG Principal Technical Architect Duncan Coutts expressed his enthusiasm for upcoming projects and improvements for the cryptocurrency, focusing on three particular subjects: input endorsers, peer-to-peer networking, and the Vasil hard fork. Input endorsers enable transactions to be divided into preconstructed blocks in order to speed up block propagation times and enable higher transaction rates. Peer-to-peer networking will eliminate node-to-node connectivity and promote direct communication between peers as another step toward giving the community control over the network. A crucial component of scaling and optimizing Cardano to better support DeFi applications is the Vasil improvements. Vasil’s introduction of “diffusion pipelining,” which will enable ongoing network tuning and optimization, including an increase in block size, will be a key element.
