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 grappling with a troubled birth, that of Shibarium.
A journey through the latest crypto news on Tron and Shiba Inu
Let’s take a look together at the news making headlines in the crypto world regarding Tron and Shiba Inu.
Sun’s digital currency, Tron, rises 1.55% to €0.0627.
Tron follows the trend of the last week that 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 triggered an unprecedented disaster for the world economy, a disaster foiled for now by the mantle of the Fed and US government.
The series of failures accelerated the fall of Swiss Bank, which had already been in crisis for some time, forcing the government and the Swiss central bank to put a patch 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 before, but this time it came to the 167-year-old bank with a proposal to buy the property in the amount of $1.5 billion.
On Twitter, Sun had written that he wanted to turn the Swiss bank into a pro-crypto institution, which according to the billionaire would pave the way for mass adoption and a decentralized financial system.
The entrepreneur’s words on 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 leverage the country’s progressive policies and position ourselves as a leader in financial innovation.”
However, as is well known, the deal was torched by UBS’s hit, which took home the deal for 3 billion and a 100 billion Swiss government credit line.
Shiba Inu (SHIB)
The quintessential meme coin is showing a bit of slack after a leap in the last week due to the US finance crisis and the launch of Shibarium.
SHIB has a slight decline and loses 0.61% after the value had risen 3.30 % this week.
Today Shiba Inu is worth 0.000010 Euro with a circulating offered of 589,544,650,589,065.5 units.
The launch of Shibarium had some problems, even despite the fact that, predictably, it was 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 that of BONE and LEASH, nonetheless, for Shiba Inu Shibarium 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 the same only by chance.
Shibarium in beta and SHIB: The Metaverse expected at the end of the year will still give two locomotives that will drive the price in the coming months.
Meanwhile, the controversy over the duplicated matrix does not subside and on Discord, an expert called Steve claims that the chain ID of Rinia could not have been the same.
“without [Shibarium developers] shytoshi and kaal specifically contacting [Rinia’s lead developer] and asking him to reboot (tricking him) into taking his genesis file and stealing his work.”
For Dhairya, however, the problem lies in the fact that at the time of Shibarium’s creation the ID had not been registered, which led to the 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 that of Rinia.
Meanwhile, there are already thoughts of 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 traded, and there will also be very different P2E virtual game locations.