After 30% rally in 24 hours, can Shiba Inu offer more upside?

After 30% rally in 24 hours, can Shiba Inu offer more upside?

New Delhi: Meme token Shiba Inu was in the spotlight on Wednesday as the token zoomed over 31 per cent in the last 24 hours.

The popular meme coin listed on the trading platform Robinhood apart from Solana, Polygon and Compound. With this, investors can now access 11 cryptos on its platform, including Bitcoin, Ethereum and Dogecoin.

Among the newly listed tokens, Shiba Inu was the most abuzz as it rallied 31 per cent to $0.00002977 from $0.00002272 within 24 hours. However, the token is still 65 per cent below its all-time peak of $0.00008 hit in October 2021.

Volumes of Shiba Inu also witnessed a spectacular jump of 475 per cent as SHIB tokens worth more than $4.36 billion exchanged hands in the last 24 hours.

Ishan Arora, Partner, Tykhe Block Ventures said the Shiba Inu will attract ample eyeballs as it has listed on Robinhood, the largest retail stock trading app.

The users can quickly buy Shiba Inu with just a click without worrying about exchanges or wallets.

The 15th largest crypto token was commanding a market cap close to $16 billion with a total of 549,063.28 billion SHIB tokens in supply, the data from Coinmarketcap suggested.

Anndy Lian, Chairman, BigONE exchange said buzz among retail investors for Shiba Inu is more compared with other coins that got listed on Robinhood at the same time.

Analysts at BigONE still see an upswing of 20-80 per cent gain from the current position. The analysis was released a few days before the Robinhood announcement.

“This spike in price could also help other promising meme coins such as Floki Inu, Kishu Inu, Babydoge or the newer ones on Cronos chain such as Croki gain more traction,” he added.

The spike in Shiba Inu also extended to other tokens. Baby Shiba Inu, Dogey Inu, Banano, SafeMoon Inu, BitShiba, Shiba Girlfriend and Flok Inu rose up to 22 per cent.

However, meme tokens are highly volatile in nature and lack sound fundamental value. Experts suggest that investors should not blindly punt on such joke coins, which are prone to become junk coins.

Arora suggests that investors need to be extra cautious with their investment in the meme tokens, especially in the current volatile market conditions.

Shiba Inu investors are hopeful about SHIB token price reaching 1 cent in 2022. However, SHIB will have to increase 403 times to reach that level this year. In the year 2021, Shiba Inu had risen 60 times in a span of six months.

There has been news of Ethereum whales purchasing Shiba Inu tokens in bulk. If the ETH whales are shifting to Shiba Inu, it is evidence of increasing trust for the Shiba Inu ecosystem. However, the buying from whales could not be verified.

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Singapore’s crypto players face added scrutiny under new law

Singapore’s crypto players face added scrutiny under new law

SINGAPORE — Singapore on Tuesday passed a law that extends its cryptocurrency regulations to companies with a local presence that provide digital token services outside the city-state, as authorities further tighten rules around the emerging industry.

Lawmakers approved the Financial Services and Markets Bill 2022, which was brought up in parliament for debate on Monday. The law brings digital token service providers created in Singapore but who provide their services elsewhere under the purview of domestic regulators.

The legislation covers industry players who deal in Bitcoin, Ethereum and other digital currencies, facilitate their exchange or offer financial advice on the sale of these tokens, among other activities.

Crypto players operating in Singapore and serving the local market are already regulated by the city-state’s central bank. They are required by law to adhere to licensing requirements as well as be able to guard against money laundering and terrorist financing.

But those who do not provide digital token services in the city-state were not under the same oversight. The new law changes this, requiring all crypto players, whether they serve the local or foreign markets, to come under the same licensing requirements.

“Sad, disappointed — we went 10 steps backwards,” said a member of a crypto lobby group in Singapore who spoke on condition of anonymity. The source questioned the necessity of digital asset players with a base in the city-state being licensed if they do not target domestic consumers, which was a worry for the central bank. “So MAS [the Monetary Authority of Singapore, the city-state’s financial regulator and central bank] is making the assumption that the license is like gold — that everyone will want to get it?”

Alvin Tan, a board member of the MAS, explained the state’s reasoning to parliament on Monday.

“We could be exposed to reputational risks brought by digital token service providers created in Singapore, and which provide services relating to virtual assets such as Bitcoin outside Singapore,” he said. “The FSM Bill seeks to mitigate such risks by licensing these players and imposing AML/CFT requirements on them.”

Singapore is not alone in tightening its scrutiny of the booming crypto sector.

Last month, Thailand issued a ban against payments using cryptocurrencies and other digital assets in a bid to maintain stability in financial markets.

China has banned all cryptocurrency payments and services for disrupting the “economic and financial order.”

In 2019, Japan’s Financial Services Agency imposed stricter information technology requirements on licensed exchanges, following security breaches and hacking incidents that marred the industry.

In January, Singapore published a set of guidelines instructing crypto players to stop marketing or advertising their offerings to retail investors in public spaces, both physical and virtual, calling the trading of such assets “highly risky and not suitable for the general public.”

The law approved on Tuesday has also garnered some positive reactions.

Singapore-based Anndy Lian, chairman of Netherlands-registered crypto trading platform BigONE Exchange, told Nikkei Asia that the city-state’s enhanced regulations are “reasonable.”

“If you walk the ground hard enough, you will see many bad actors and dubious crypto companies using Singapore as a base of their operations,” he said. “We need to properly regulate things so that the bad actors won’t affect this industry’s image.”

Even before the new law hit the books, the MAS had been busy processing license requests. In January it said there were about 180 applications for permits, more than 60 of which were withdrawn or rejected. Only a handful of applicants were successful, though others were awaiting the central bank’s decision.

With the tightened regulations, the central bank is poised to sift through a batch of additional license requests as Singapore-based crypto players that mainly deal overseas are now required to meet the state’s standards if they want to use the city for their operations.

In March, Singapore-based payments company Digital Treasures Center, which provides a platform to facilitate cryptocurrency transactions, said it received in-principle approval from MAS to provide digital payment token services.

Desmond Yong, its chief strategy officer, told Nikkei that crypto players will need to devote additional resources to monitor foreign transactions so as not to run afoul of the new law.

“For companies that are unable to fulfill the AML/CFT requirement, they will need to move out to other countries,” he said. “But with more governments regulating cryptocurrency in different jurisdictions, these companies will soon find it hard to operate.”

 

Original Source: https://asia.nikkei.com/Spotlight/Cryptocurrencies/Singapore-s-crypto-players-face-added-scrutiny-under-new-law

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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OpenStream World Added New Backers: Angel Investor, Anndy Lian is One of them

OpenStream World Added New Backers: Angel Investor, Anndy Lian is One of them

Hanoi, 4th Jan 2022, ZEXPRWIREAnndy Lian has invested in startup tech company, OpenStream World (OSW), joining the other backers and partners into their ecosystem to help their business grow. MG Ventures, Crypto Pros, Crypto Xenos and Blockcast.cc were the newly added partners. Anndy Lian, a blockchain thought leader and investor based in Singapore has also formally announced that he has angel invested into the company at this early stage. There will be other investors annouced in the later stages.

“The journey to building our ecosystem is not easy. I am delighted to have early backers and partners involved in our startup at this current moment. We will continue to invite more partners to join our ecosystem so to build our platform in the right direction for the global target audiences.” Y Tran, Co-Founder and COO of OpenStream World said.

“The OSW founders took a different approach to share their ideas with me. They first helped to manage our Discord servers for BigONE Exchange and Asia Blockchain Community. Then they showed us how their technology is useful in the various social media. Their selling points become very obvious after showcasing to us live. This is also one of the reasons why I have decided to be their angel investor.” Anndy Lian commented.

Anndy Lian is known in the space as an early adopter and has given advice to various governments. He is currently the Chairman for Asia at BigONE Exchange and Chief Digital Advisor at Mongolia’s national productivity statutory board. He is also a book author, keynote speaker and investor.

OpenStream World is a decentralized video streaming network; built to enable scalable, easy to host, interactive online events. Tran added: “Over the past few years, the world has seen a proliferation of smartphone users, which has dramatically changed the way we produce and consume digital content. People have taken up the role of content “producer”, from recording/live streaming events, such as concerts and film festivals, to video blogs, e.g., travel, tutorial, product review, and live gaming video streaming.

Limited by the shortcomings of traditional platforms, which fail to reward the content creator and viewers adequately, we have seen in recent years the rise of platforms that reward content producers and in some cases also the viewers, leading to a win-win environment for both content producer and viewer. One of the much-anticipated use cases for blockchain-based video streaming platforms is indeed in the domain of live streaming and gaming/eSports.

Some of the major prospective advantages offered by blockchain-based video streaming applications include empowering creators and artists, blockchain-based CDNs, privacy and piracy protection, and energy-saving. Partnerships are very important at this stage of the business. We appreciate all the support we can get.”

OSW is a system that includes many products related to streaming technology and video streaming networks. The core components include:

  1. OpenStream Core: this is a platform built on blockchain, providing livestream services under the IAAS model (Infrastructure As A Service – Providing hardware infrastructure as a service).  All other products in the ecosystem will use the livestream technology from this Core set.
  2. Stream Node Forger: provides hardware resources for OpenStream Core, needs a network of Nodes from all over the world: install programs, implement transcoding algorithms for live streams. In return, the owners of the Nodes will be rewarded with tokens from the project.
  3. OpenStream Apps: This is a live streaming application that inherits the infrastructure from OpenStream Core and develops the main functions to create interaction between the livestreamer and the viewer.  In addition, you can share videos to other platforms at the same time
  4. NFT Marketplace: more than an exchange of NFT products, this is where digital product owners can promote their products.
  5. IOSO (Initial Open Stream Offering): this is a new funding mechanism for blockchain projects, it inherits some properties of the IndieGoGo fundraising platform and limits the negatives in other forms of fundraising (ICO such as ICO, etc.).

Openstream World is developed by a team with rich experience in both technology and Blockchain. They have more than 3 years of experiences in developing projects related to livestreaming and the blockchain payment mechanism, serving hundreds of thousands of users. In addition, they have members who have managed large projects such as Safemoon, and Yooshi. To date, they have more than 100,000 community members. The company is led by Founder and CTO Khoa Trinh, a graduate from HCMC University of Technology with a Bachelor degree in Computer Science and was working for LienViet Post Bank before starting OpenStream World and Co-Founder Y Tran who held many important positions such as Business Analyst, Project Manager in domestic and foreign companies.

OpenStream World will continue to work towards its goal to grow its footprints in the international markets with its decentralized technologies.

About OpenStream World

OpenStream World is a decentralized video streaming network; built to enable scalable, easy to host, interactive online events. Through the power of open source software, we optimize the use of resources like computational power and bandwidth, and use crypto-economic incentives for bootstrapping and participation; there is an opportunity here to deliver an infrastructure that can power video streaming applications at a highly efficient price, and infinite scale.

Read more: https://www.digitaljournal.com/pr/openstream-world-added-new-backers-angel-investor-anndy-lian-is-one-of-them#ixzz7HHNrI3xb

https://www.sohu.com/a/514408569_120071948?spm=smpc.sub-channel.fd-news.5.16413444001450UNl7UC

http://www.blockchaintoday.co.kr/news/articleView.html?idxno=20516

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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