Tron, Shiba Inu: news from trending crypto
Tron and Shiba Inu have risen to the forefront of the crypto world for very different news, the former in a shopping mood while the latter struggles with a troubled birth, Shibarium.
A journey through the latest crypto news about Tron and Shiba Inu
Let’s take a look together at the news making headlines in the crypto world regarding Tron and Shiba Inu.
Tron (TRX)
Sun’s digital currency, Tron, rises 1.55% to €0.0627.
Tron follows the trend of the past week which saw most crypto assets rise thanks to the US banking debacle.
This week, TRX rose 2.15% in the wake of the failures of Silicon Valley Bank and its sisters in America.
The dire situation in the US banking sector could have unleashed an unprecedented catastrophe for the world economy, a catastrophe that was prevented for the time being by the cap of the Fed and the US government.
The series of failures accelerated the downfall of Swiss Bank, which had already been in crisis for some time, forcing the government and the Swiss National Bank to put a Band-Aid on it.
A hand extended to Credit Suisse Group AG (Swiss Bank) came from the crypto world itself and more specifically from Justin Sun, founder of Tron.
Tron had bought shares in the Swiss giant in the past, but this time it approached the 167-year-old bank with a proposal to buy the property for $1.5 billion.
On Twitter, Sun had written that he wanted to turn the Swiss bank into a pro-crypto institution, which the billionaire said would pave the way for mass adoption and a decentralized financial system.
The contractor’s words about the proposed purchase had been as follows:
“By acquiring Credit Suisse and transforming it into a crypto-friendly financial institution, we can create a new standard for financial innovation that benefits everyone. We can also take advantage of the country’s progressive policy and position ourselves as a leader in financial innovation.”
However, as is well known, the deal was triggered by UBS’s hit, which took home the deal for 3 billion and a Swiss government credit facility of 100 billion.
Shiba Inu (SHIB)
The quintessential meme coin is showing some slack after a jump in the past week due to the US financial crisis and the launch of Shibarium.
SHIB has a slight decline, losing 0.61% after its value had risen 3.30% this week.
Today Shiba Inu is worth 0.000010 Euro with a circulating supply of 589,544,650,589,065.5 units.
The launch of Shibarium had some problems, even though it was, predictably, welcomed by the market and investors.
The problem stems from the fact that Shibarium’s layer-two code is the same as that of the nascent Rinia blockchain.
While suspicion of theft of the nascent code has slowed the price of SHIB and with it the price of BONE and LEASH, the Shiba Inu nevertheless represents a breakthrough for the future.
Those involved in the development of Shibarium explained that the IDs of Shibarium’s chains were chosen at random and that Rinia’s ID is only the same by chance.
Shibarium in beta and SHIB: Metaverse expected at the end of the year will still provide two locomotives that will drive the price in the coming months.
Meanwhile, the controversy about the duplicate matrix is not abating, and on Discord an expert named Steve claims that Rinia’s chain ID could not have been the same.
“without [Shibarium developers] shytoshi and kaal contacts specifically [Rinia’s lead developer] and tells him to start over (trick him) into taking his genesis file and stealing his work.”
However, for Dhairya, the problem lies in the fact that the ID was not registered at the time of Shibarium’s creation, leading to its duplication on Rinia.
Dhairya believes that Shibarium will be launched with a new beta that will have a different and registered ID that is different from Rinia’s.
Meanwhile, there are already thoughts about SHIB: The Metaverse, a virtual world in the style of Shiba Inu that could see the light of day as early as the end of the year.
The doggie metaverse will have NFT-type digital terrains that can be switched, and there will also be very different P2E virtual game locations.
