Bitcoin, Shiba Inu, Cardano, VeChain, Binance

• Bitcoin and the larger crypto market have remained stable despite widespread rumors surrounding Binance.
• The Shiba Inu community was disappointed by the failed launch of Shibarium on Valentine’s, but Cardano was handed a massive victory on the same day.

The crypto community is divided over the movement of the crypto market after a disappointing couple of weeks. For market leader Bitcoin, the oldest digital asset has traded in the range of $22,000 and $24,000. After an initial breakout at the start of the year, the recent tight trading range suggests another breakout is inevitable, but a bullish or bearish direction remains anyone’s guess. The rest of the market is closely following the leader with the past few months and years showing that they are generally following the set trend.

CNF Brief takes a look at the latest developments around key projects – Bitcoin, Shiba Inu, Cardano, VeChain and Binance.

Bitcoin whales are making a comeback

Analysts often advise investors to follow the smart money. Part of this is whales that have the power to break or make an investment. In the crypto market, recent data has shown that whales are making a comeback and accumulating strongly. For retail investors, this is a sign that Bitcoin is on or heading towards a bullish path.

Given the growing interest and accumulation, analysts have tipped this to be a consolidation phase with a breakout to the upside to follow.

William Noble, director of research at Emerging Assets Group has recently predicted an increase to $56,000, marking an increase of almost 100 percent. Galaxy Digital Holdings CEO Mike Novogratz expects Bitcoin to surpass $30,000 in the first quarter, an important psychological position … Read More

Binance $400M R&D

Binance once again refuted claims of illegal activity within the centralized exchange. In the latest allegation, Reuters has accused Binance of sending over $400 million in three months in 2021 from California-based Silvergate Bank to Merit Peak Ltd through its Binance US subsidiary.

Reuters could not determine the reason behind the transfers and whether the money belonged to customers. Around that time, the public terms of service indicated that customers’ deposits were held with Silvergate and a Nevada-based custodian company called Prime Trust LLC.

Binance quickly responded with Binance.US spokesperson Kimberly Soward declining to comment on the transfers but saying Reuters used outdated information in its report…Read more

Cardano valentine’s upgrade a success

The Cardano community celebrated a successive upgrade to the Cardano network on February 14th. Cardano’s Valentine upgrade is designed to drive interoperability to boost network growth, as confirmed by Input Output HK (IOHK), the blockchain development in charge of the Cardano protocol. IOHK noted that there is a growing number of decentralized applications (DApps) on Cardano that need to be collected into one large ecosystem. The Valentine upgrade will provide that opportunity.

The upgrade had a short-term price increase. Over the past 7 days, Cardano’s native token ADA has increased by more than 10 percent. In the long term and as Cardano continues to build, investors expect the digital asset to continue to grow… Read More

Shiba Inus Shibarium launch delayed

While the Cardano community celebrated an important upgrade, the Shiba Inu community was served a disappointment this past week. After yet another delay earlier this week, Shibarium fans are collectively expressing disappointment at the continuous postponement of the release date.

According to lead developer Shytoshi Kusama, the long-awaited Shibarium layer 2 scaling solution is expected before May.

Could be Could be We’ll see when the developers are in line
It is not one – It is three + union #Shibarium when it is ready pic.twitter.com/m8CxTuPRzH

— 𝐋𝐮𝐜𝐢𝐞 🃏 (@LucieSHIB) 13 February 2023

Shibarium is being built to increase transaction speed on the Shiba Inu network. With the introduction of Shibarium, the cost of transactions on the network will also be reduced … Read more

VeChain offers sustainability with ‘plant-based path to carbon reduction’

Reports earlier this week indicated that VeChain could play a prominent role in the fight against climate change in the transition to plant-based meat products. The protocol is put forward to help promote the transition from animal-based meat products to plant-based products.

As a blockchain service, companies looking to pivot into plant-based meat processing can use the VeChain protocol for data storage and subsequent sustainability tracking. The technology can also be used to increase the supply chain of this multi-billion dollar industry to help provide the necessary efficiencies for growth… Read More

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