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Tag: investment

  • Shiba Inu Insider Reveals Top 5 Shibarium Investment Rules

    Shiba Inu Insider Reveals Top 5 Shibarium Investment Rules

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    In a post on X (formerly Twitter), Lucie, the marketing lead for Shiba Inu, has provided potential investors with a new set of guidelines for evaluating projects within the Shibarium ecosystem, a dedicated layer-2 blockchain aimed at enhancing the Shiba Inu network. This guidance focuses on critical factors that reflect a project’s contribution to the ecosystem’s growth and sustainability.

    Five Investment Rules For Shibarium Projects

    1. SHIB Token Burn: Lucie emphasized the importance of SHIB token burning as a primary metric. Token burning, or permanently removing tokens from circulation, is a strategy used to induce scarcity and potentially enhance the token’s value over time. Lucie assesses the impact of SHIB burns on the ecosystem’s overall health and price stability.

    2. Metaverse Development: The second rule focuses on whether projects are planning or currently building within the Shiba Inu Metaverse. As SHIB: The Metaverse represents a burgeoning area for development, investments in this space could signal forward-thinking and innovative capabilities within the Shibarium projects.

    3. Engagement with BONE Token: BONE ShibaSwap (BONE), serves as the gas token for transactions within Shibarium. Lucie queries whether a project is involved in burning BONE or creating utilities around it that increase its appeal and functional use within the ecosystem. This utility can significantly impact the token’s demand and usage patterns.

    4. LEASH Token Utilization: Another crucial factor is the use of Doge Killer (LEASH), another significant token in the ecosystem. Projects’ plans for incorporating LEASH into their functionalities or governance structures reflect their integration depth within the Shibarium network.

    5. Verified Contributions to Shibarium: The final criterion involves assessing the tangible, positive contributions a project has made towards improving Shibarium, with a necessity for these contributions to be verifiable on the blockchain. This transparency ensures that the projects not only promise but also deliver real value to the ecosystem.

    Examples Of Shiba Inu Projects Meeting Lucie’s Criteria

    Lucie named several projects that exemplify her investment rules. WoofSwap, for example, has been a proactive participant in SHIB and BONE burning through its inscription tokens and the launch of its meme coin, DAMN. This activity helps reduce the circulation of key tokens, potentially driving up their value.

    Shib Dream and Shib CoOp were cited for their contributions to building within the Shiba Inu Metaverse, a significant area of development that could herald new utility and user engagement within the ecosystem. K9 Finance has been noted for enhancing liquidity and staking mechanisms for BONE, creating more robust economic incentives and utility for the token.

    In terms of blockchain-verifiable contributions, projects like LumiBots, Mantra Protocol, NestX, and Shib CoOp assist in NFT adoption on Shibarium, facilitating a broader use case for digital assets within the ecosystem. DEX MARSWAP was highlighted for its role in facilitating Shiboshis staking and supporting new projects within the ecosystem.

    Shib Dream responded enthusiastically to Lucie’s endorsement: “All great projects! We have burned over a Billion Shib. Invested over 30K in Shibarium Projects. Building in the Metaverse. Gave back over $60K to the community. Good Deeds – Over $10k in Donations. Not using Leash yet going to figure that out. Other things coming soon. SHIBARIUM. Keep Building. Keep Dreaming.”

    At press time, SHIB traded at $0.00002360.

    Shiba Inu price
    SHIB breaks the symmetrical triangle to the downside, 1-day chart | Source: SHIBUSD on TradingView.com

    Featured image created with DALL·E, chart from TradingView.com

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.



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  • Coinbase Challenges SEC’s Definition of ‘Investment Contracts’ in Crypto Transactions

    Coinbase Challenges SEC’s Definition of ‘Investment Contracts’ in Crypto Transactions

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    Coinbase Challenges SEC’s Definition of 'Investment Contracts' in Crypto TransactionsIn a recent legal challenge, Coinbase has filed a brief with the Southern District of New York, seeking permission for an interlocutory appeal against the U.S. Securities and Exchange Commission’s expansive interpretation of what constitutes an “investment contract” in digital asset transactions. This pivotal case could set significant precedents for the cryptocurrency industry in the […]

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  • $41 Million Crypto Investment Scheme Collapses in Australia

    $41 Million Crypto Investment Scheme Collapses in Australia

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    In Australia, a massive cryptocurrency investment scheme involving approximately US$41 million and over 450 investors has collapsed. The country’s financial market regulator successfully obtained a court order to appoint receivers for the digital currency assets held by a group of three crypto mining companies, collectively known as NGS Companies, and their sole directors.

    The court order, issued on Wednesday, was part of the civil proceedings initiated by the Australian Securities and Investments Commission (ASIC) against NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd, along with their respective sole directors Brett Mendham, Ryan Brown, and Mark Ten Caten.

    Additionally, the court has restricted Mendham from traveling outside Australia.

    NGS Companies offered investment packages supported by their cryptocurrency mining activities. These packages guaranteed fixed-rate returns as high as 16 percent annually, according to the company’s website, with a minimum fixed return promised at 6 percent.

    The regulator highlighted that the schemes particularly encouraged investors to transfer funds from regulated superannuation funds to self-managed super funds (SMSFs), which were then converted into cryptocurrency. The promotional material on the company’s website, including “testimonials” and “stories,” seemed to specifically target elderly investors.

    “Member stories” on NSG Crypto website

    Regulator Gets Wary

    ASIC’s action was prompted by concerns that the invested funds in these cryptocurrency schemes were at risk of dissipation. Notably, none of the three implicated companies possessed the necessary financial services licenses to operate legally in Australia. ASIC is now holding them accountable for illegally marketing crypto mining-backed investment products.

    “Australians who choose to self-manage their superannuation should carefully consider the risks before using their SMSF to invest in crypto-related investment products such as blockchain mining,” advised Joe Longo, the Chair of ASIC. “These proceedings should also serve as a warning to the crypto industry that ASIC will continue to scrutinize products to ensure compliance with regulatory obligations and to protect consumers.”

    Earlier this year, the Australian regulator dismantled similar crypto-backed schemes that promised astronomical profits and banned a director of a crypto fund for dishonest operations.

    In Australia, a massive cryptocurrency investment scheme involving approximately US$41 million and over 450 investors has collapsed. The country’s financial market regulator successfully obtained a court order to appoint receivers for the digital currency assets held by a group of three crypto mining companies, collectively known as NGS Companies, and their sole directors.

    The court order, issued on Wednesday, was part of the civil proceedings initiated by the Australian Securities and Investments Commission (ASIC) against NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd, along with their respective sole directors Brett Mendham, Ryan Brown, and Mark Ten Caten.

    Additionally, the court has restricted Mendham from traveling outside Australia.

    NGS Companies offered investment packages supported by their cryptocurrency mining activities. These packages guaranteed fixed-rate returns as high as 16 percent annually, according to the company’s website, with a minimum fixed return promised at 6 percent.

    The regulator highlighted that the schemes particularly encouraged investors to transfer funds from regulated superannuation funds to self-managed super funds (SMSFs), which were then converted into cryptocurrency. The promotional material on the company’s website, including “testimonials” and “stories,” seemed to specifically target elderly investors.

    “Member stories” on NSG Crypto website

    Regulator Gets Wary

    ASIC’s action was prompted by concerns that the invested funds in these cryptocurrency schemes were at risk of dissipation. Notably, none of the three implicated companies possessed the necessary financial services licenses to operate legally in Australia. ASIC is now holding them accountable for illegally marketing crypto mining-backed investment products.

    “Australians who choose to self-manage their superannuation should carefully consider the risks before using their SMSF to invest in crypto-related investment products such as blockchain mining,” advised Joe Longo, the Chair of ASIC. “These proceedings should also serve as a warning to the crypto industry that ASIC will continue to scrutinize products to ensure compliance with regulatory obligations and to protect consumers.”

    Earlier this year, the Australian regulator dismantled similar crypto-backed schemes that promised astronomical profits and banned a director of a crypto fund for dishonest operations.

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  • Broadening Investment Options for French Users

    Broadening Investment Options for French Users

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    N26 has launched N26 Crypto, a new cryptocurrency trading
    product aimed at optimizing the customer experience in France. This latest
    offering enables N26 customers in France to invest in over 200 cryptocurrencies
    directly through the N26 application.

    The introduction of N26 Crypto signifies the company’s focus
    on providing accessible and efficient cryptocurrency investment options to its
    clientele. Eligible clients with French or German IBANs can access N26 Crypto
    across all membership tiers, including free accounts, without incurring
    additional costs.

    According to the firm, transparency and security are
    paramount in N26 Crypto’s design. Users will have clear insights into their
    cryptocurrency portfolios and transaction histories within the application. N26 emphasizes adherence to
    regulatory requirements and industry standards to ensure a compliant and secure
    trading environment.

    N26 has partnered with Bitpanda GmbH to
    develop and launch N26 Crypto, ensuring robust execution of trades and custody
    of assets. This partnership underscores N26’s dedication to delivering reliable
    cryptocurrency services to its customers.

    Introduction of N26’s New Trading Product in Austria

    Earlier, N26
    introduced a new trading product accessible through its mobile banking app,
    starting with a rollout in Austria, as reported by Finance Magnates. The product
    enables users to trade stocks and ETFs. Notably, it features a fixed fee of
    0.90 EUR per trade, aiming for competitive pricing. This move marks a
    significant step for the digital bank into the investment arena.

    Notably, fractional share investing from as low as 1 EUR
    enhances accessibility for smaller investors. The launch features over 100
    ETFs, with plans to expand to over 1,000 stocks and ETFs in Germany and
    Austria. Future developments include free savings plans, diversifying N26’s
    offerings. Eligible Austrian customers will gain access first, with German
    expansion slated in the coming months, followed by further European markets.

    N26 has launched N26 Crypto, a new cryptocurrency trading
    product aimed at optimizing the customer experience in France. This latest
    offering enables N26 customers in France to invest in over 200 cryptocurrencies
    directly through the N26 application.

    The introduction of N26 Crypto signifies the company’s focus
    on providing accessible and efficient cryptocurrency investment options to its
    clientele. Eligible clients with French or German IBANs can access N26 Crypto
    across all membership tiers, including free accounts, without incurring
    additional costs.

    According to the firm, transparency and security are
    paramount in N26 Crypto’s design. Users will have clear insights into their
    cryptocurrency portfolios and transaction histories within the application. N26 emphasizes adherence to
    regulatory requirements and industry standards to ensure a compliant and secure
    trading environment.

    N26 has partnered with Bitpanda GmbH to
    develop and launch N26 Crypto, ensuring robust execution of trades and custody
    of assets. This partnership underscores N26’s dedication to delivering reliable
    cryptocurrency services to its customers.

    Introduction of N26’s New Trading Product in Austria

    Earlier, N26
    introduced a new trading product accessible through its mobile banking app,
    starting with a rollout in Austria, as reported by Finance Magnates. The product
    enables users to trade stocks and ETFs. Notably, it features a fixed fee of
    0.90 EUR per trade, aiming for competitive pricing. This move marks a
    significant step for the digital bank into the investment arena.

    Notably, fractional share investing from as low as 1 EUR
    enhances accessibility for smaller investors. The launch features over 100
    ETFs, with plans to expand to over 1,000 stocks and ETFs in Germany and
    Austria. Future developments include free savings plans, diversifying N26’s
    offerings. Eligible Austrian customers will gain access first, with German
    expansion slated in the coming months, followed by further European markets.



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  • FTX US Makes Strategic Investment in IEX Group

    FTX US Makes Strategic Investment in IEX Group

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    FTX US, a leading platform for the trading of digital assets, announced today that the company has entered into an agreement to make a strategic investment in IEX Group. Both companies are planning to establish a simple and transparent market structure for digital asset securities.

    The mentioned deal, which is subject to closing conditions and regulatory approvals, is expected to close next month. The partnership between the two companies will assist retail and institutional investors to access digital assets in an inclusive way.

    The latest investment news from FTX US came nearly 2 months after the digital asset trading platform raised $400 million in its Series A funding round. In addition, the company topped the valuation of $8 billion.

    Commenting on the recent investment in IEX, Sam Bankman-Fried, the CEO of FTX and FTX US, said: “Investing in IEX created a tremendous opportunity for FTX US. With this investment, we’re aligned with one of the most trusted and innovative companies in equities markets. We will collaborate on the further establishment of crypto market structure and work closely with regulators, allowing institutions around the world to enter the marketplace seamlessly.”

    Crypto Assets

    Digital currencies have gained immense popularity among retail and institutional investors during the past few years. Brad Katsuyama, the CEO and Co-Founder of IEX, said that the crypto industry needs to engage with regulators to unlock its full potential.

    “From the first conversation with Sam, it was clear to me that FTX and IEX were truly aligned on the future potential for digital assets and the unique roles our firms could play as partners in shaping market structure that benefits the end investor. We both see the regulators as important allies in providing a clear path forward and attaining the highest possible standards for investor protection,” Katsuyama said in the press release.

    FTX US, a leading platform for the trading of digital assets, announced today that the company has entered into an agreement to make a strategic investment in IEX Group. Both companies are planning to establish a simple and transparent market structure for digital asset securities.

    The mentioned deal, which is subject to closing conditions and regulatory approvals, is expected to close next month. The partnership between the two companies will assist retail and institutional investors to access digital assets in an inclusive way.

    The latest investment news from FTX US came nearly 2 months after the digital asset trading platform raised $400 million in its Series A funding round. In addition, the company topped the valuation of $8 billion.

    Commenting on the recent investment in IEX, Sam Bankman-Fried, the CEO of FTX and FTX US, said: “Investing in IEX created a tremendous opportunity for FTX US. With this investment, we’re aligned with one of the most trusted and innovative companies in equities markets. We will collaborate on the further establishment of crypto market structure and work closely with regulators, allowing institutions around the world to enter the marketplace seamlessly.”

    Crypto Assets

    Digital currencies have gained immense popularity among retail and institutional investors during the past few years. Brad Katsuyama, the CEO and Co-Founder of IEX, said that the crypto industry needs to engage with regulators to unlock its full potential.

    “From the first conversation with Sam, it was clear to me that FTX and IEX were truly aligned on the future potential for digital assets and the unique roles our firms could play as partners in shaping market structure that benefits the end investor. We both see the regulators as important allies in providing a clear path forward and attaining the highest possible standards for investor protection,” Katsuyama said in the press release.

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  • Halal Crypto Platform MRHB DeFi Receives Investment from Australian Gulf Capital | by Bit Media Buzz | Dec, 2021

    Halal Crypto Platform MRHB DeFi Receives Investment from Australian Gulf Capital | by Bit Media Buzz | Dec, 2021

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    Bit Media Buzz

    Melbourne, Australia, December 17th, 2021 — Community-focused platform MRHB DeFi has received an investment from Australian Gulf Capital, a global investment management company, as part of the strategic venture round of the world’s first inclusive and ethical DeFi ecosystem platform.

    The funding from Australian Gulf (AG) Capital is not the first from the region, with the Islamic DeFi pioneer having received investments from institutions such as Blockchain Australia and other Aussie angel investors. The AG Capital investment presents further opportunity to expand MRHB DeFi’s presence and growth in this key market.

    “We are pleased to have an early-stage opportunity to support first-mover Marhaba in the development of their high-growth, disruptive venture in ethical and halal DeFi,” commented CEO and founder of AG Capital, Salman Masaud. “Our investments are typically focused on a company’s early funding stages when the product is nascent and the upside potential is the greatest. We expect to support the project by bringing our legal, consulting and investment banking expertise to assist the Marhaba team in launching their socially impactful vision.”

    The Australian PE/VC funds management company is also currently in the process of establishing a license under ADGM in the UAE, a key growth hub for MRHB DeFi, having recently signed a partnership with local partner Masary Capital to provide halal crypto solutions to the retail and institutional sectors in the UAE.

    “Australia Gulf Capital’s ethos of actively supporting startups who align with their ambitious growth vision makes them a strong partner for us,” said MRHB DeFi CEO Naquib Mohammed. “As we continue on our journey of building the world’s first ethical DeFi platform, it is this shared vision and support from amongst our family of investors and partners that will help transform our dream into reality.”

    MRHB DeFi: An Islamic Finance DeFi Pioneer

    MRHB DeFi was created to bridge a perceived gap — by providing excluded and crypto-cautious communities greater access to the growing opportunities and utilities of the cryptosphere. The project is underpinned by faith-based DeFi offerings which adhere to the ethical investment and financing principles rooted in Islamic Finance. Many values upheld by the halal platform also align with the United Nations Sustainable Development Goals. Business practices deemed ethical include those that avoid interest, usury, social exploitation as well as support sustainability, asset or utility backed financing, transparency and equitable risk-reward sharing. These principles have universal appeal far beyond the faith conscious community.

    With the Islamic Finance market sized at around USD 3 trillion of assets, bringing even a small portion of Shariah-sensitive liquidity into DeFi will represent a major boost to the total value of the DeFi sector worldwide.

    About MRHB DeFi

    MRHB DeFi is a halal, decentralized finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.

    The diverse team comprises researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.

    MRHB DeFi Official Channels

    Website: https://marhabadefi.com

    Twitter: https://twitter.com/marhabadefi

    Telegram: https://t.me/mdf_official

    Telegram Announcements: https://t.me/marhabadefi_ANN

    YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg

    Medium: https://medium.com/@mrhbdefi

    LinkedIn: https://www.linkedin.com/company/marhabadefi

    Facebook: https://www.facebook.com/MRHB-DeFi-105893235209147

    Telegram (Arabic): https://t.me/mdf_arabic

    Telegram (Russian): https://t.me/marhabadefi_russia

    Telegram (Turkish): https://t.me/MarhabaDefiTR

    About Australian Gulf Capital

    Australian Gulf Capital is a prominent global investment management company specializing in alternative investments and providing innovative world-class products and services. AG’s substantial and diversified investor base includes corporations, financial institutions, sovereign wealth funds, superannuation/pension funds, insurance companies, qualified high-net-worth investors, and family offices.

    Australian Gulf Capital’s business activities are distinguished by exceptional vigor and a profound understanding of clients’ needs and risk profiles. They have become the company of choice because of their insightful approach to creating partnerships with clients for sourcing and investing in attractive investment opportunities. Australian Gulf Capital employs high-caliber teams with diverse expertise and extensive experience.



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  • MRHB DeFi Expands Asia Presence with Strategic Investment from Sinofy Group | by Bit Media Buzz | Dec, 2021

    MRHB DeFi Expands Asia Presence with Strategic Investment from Sinofy Group | by Bit Media Buzz | Dec, 2021

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    Bit Media Buzz

    Melbourne, Australia, December 2nd, 2021 — The world’s first inclusive and ethical DeFi ecosystem platform MRHB DeFi has received a strategic investment from Sinofy Group, a tech consulting management firm headquartered in Shanghai. Sinofy supports revolutionary tech companies to help them gain prominence in the world’s most digitally connected regions — China and Southeast Asia.

    A Partnership that goes beyond financial investment

    The investment includes a strategic partnership which sees MRHB DeFi join hands with Sinofy to fulfil the former’s vision of bringing an ethical, community-first focus to the world of decentralized finance. Sinofy Co-founder and angel investor Amirsan Roberto has taken the partnership a step further and joined the halal DeFi ecosystem startup as the Head of Investments and Partnerships.

    “Joining as Head of investments and Partnerships is a reflection of my commitment to and conviction in Marhaba’s vision,” explains Amirsan Roberto. “This is the first step we are taking in establishing our group venture fund and we are honored to have MRHB DeFi as our first institutional investment.”

    “We welcome Amir and Sinofy Group as part of the Marhaba family of partners and investors,” says Naquib Mohammed, CEO and founder of MRHB DeFi. “Since our early beginnings, Sinofy has actively supported our marketing efforts and aligning Marhaba with Sinofy’s deep regional expertise will bring us more visibility across Asia and beyond.”

    A Technical and Intellectual Collaboration

    Indeed the partnership will also see the parties collaborating on Sinofy East European Division’s upcoming We_Challenge 2021 Hackathon in Ukraine. With a gathering of 1,500 participants, 50 global media partners, 20 IT communities and 10 strategic partners, the hackathon is gearing up to be one of the most anticipated developer conventions in the region.

    MRHB DeFi will be coming on as an Official Sponsor at the event, with CTO Deniz Daikilic providing a keynote address as well as engaging in a panel discussion that includes CEO Naquib Mohammed and Head of Investments & Partnerships Amirsan Roberto.

    The Focus on Community and Ethics

    MRHB DeFi recently closed its Pre-Public Sale 2, an open, community-focussed offering to provide pre-IDO access and pricing to its loyal community members. The rousing success of the sale is further validation of the massive interest for DeFi services rooted in ethics and inclusion.

    MRHB DeFi was founded with a vision of providing excluded and crypto-cautious communities greater access to the growing opportunities and utilities of the cryptoverse. The project is underpinned by offering faith-based DeFi services which adhere to the ethical investment and financing principles rooted in Islamic Finance, many values upheld by the halal platform also align with the United Nations Sustainable Development Goals. Business practices deemed ethical include those that avoid interest, usury, social exploitation as well as support sustainability, asset or utility backed financing, transparency and equitable risk-reward sharing. These principles have universal appeal far beyond the faith conscious community.

    With the Islamic Finance market sized at around USD 3 trillion of assets, bringing even a small portion of Shariah-sensitive liquidity into DeFi will represent a major boost to the total value of the DeFi sector worldwide.

    Sinofy Group has now joined the host of strategic investors in MRHB DeFi who are on board to bring DeFi innovation to the Islamic finance industry. To date, investors include Sheesha Finance, Blockchain Australia, Mozaic, Contango Digital Assets, NewTribe Capital, Acreditus Partners, EMGS Group, MKD Capital and a grant from Polygon Technology.

    About MRHB DeFi

    MRHB DeFi is a halal, decentralized finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.

    The diverse team comprises researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.

    MRHB DeFi Official Channels

    Website: https://marhabadefi.com

    Twitter: https://twitter.com/marhabadefi

    Telegram: https://t.me/mdf_official

    Telegram Announcements: https://t.me/marhabadefi_ANN

    YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg

    Medium: https://medium.com/@mrhbdefi

    LinkedIn: https://www.linkedin.com/company/marhabadefi

    Telegram (Arabic): https://t.me/mdf_arabic

    Telegram (Russian): https://t.me/marhabadefi_russia

    Telegram (Turkish): https://t.me/MarhabaDefiTR

    About Sinofy Group

    Sinofy Group is an end-to-end tech consulting management firm headquartered in Shanghai, offering a range of services across blockchain, fintech, cybersecurity, robotics, medtech, gaming, AI/ML and AR/VR industries.

    The company deals with customized solutions built to “Sinofy, Fund, and Empower” tech companies in the world`s most digitally connected region — China and Southeast Asia. To date, they have worked with innovative tech brands seeking to expand their digital reach and penetrate into new markets. Their vast global network brings a world-class blend of expertise and support.



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  • Shiba Inu (SHIB): Worth an Investment Right Now?

    Shiba Inu (SHIB): Worth an Investment Right Now?

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    Shiba Inu, one of the world’s most valuable cryptocurrency assets by market cap, has seen immense retail demand in the last few months. The meme coin started this year with a market cap of a few million dollars, now the digital asset has a market cap of approximately $10 billion.

    SHIB (Coinmarketcap)
    SHIB (Coinmarketcap)

    Dogecoin’s largest competitor developed a strong following in the last 8 months. While the biggest reason behind SHIB’s recent rally is its retail craze, institutional investors have started considering Shiba Inu as a good portfolio diversifier. Amid the latest price surge, large SHIB transactions have surged substantially, indicating that Shiba Inu whales are planning to hold the world’s 21st largest cryptocurrency for the next few years.

    So, is it only FOMO (fear of missing out) or some serious investors have started adding Shiba Inu to their crypto portfolios? Finance Magnates asked crypto experts about their views on the latest SHIB rally and the importance of Shiba Inu as a portfolio diversifier.

    Difficult to Ignore Shiba Inu

    “6 months ago, if someone had asked me about “social awareness” tokens (meme coins) such as SHIB or DOGE, I would have NEVER considered them an investment. However, 6 months later, it is clear for me to see that you CANNOT ignore the social power of these tokens in terms of Return on Investment. So, there may be something to these tokens,” Johnny McCamley, Founder of CryptoClear, commented.

    “The goal of SHIB was and still is to catch up to DOGE and ultimately surpass DOGE. It isn’t too far away at $10 Billion (SHIB), $30.8 Billion (DOGE). Again, this [is] illustrating that community is an extremely powerful catalyst- for tokens with close to zero utility,” he added.

    Suggested articles

    Bloom Helps DeFi Go Beyond Collateralized Lending with OnRampGo to article >>

    While Shiba Inu is the biggest competitor of Dogecoin, its dynamics are completely different from other digital assets like XRP, BTC or ETH. McCamley believes that a meme coin portfolio is a risky option but an option at least.

    “So, I have decided to create a ‘meme coin’ portfolio alongside my DeFi, Smart Contract portfolios. I have chosen to allocate $5K to this Meme tokens portfolio-spread amongst the top meme coins. To me, this is a complete ‘gamble’ riding on the social power of the community behind the token to drive the price, unlike actual utility for other Crypto Assets in my Portfolio. To me, this meme coin portfolio is the riskiest investment portfolio I have made EVER, but it is clear to see now, for me, that I should allocate a very small amount of capital to these projects, don’t sleep on meme coins,” McCamley said.

    FOMO?

    Joaquim Matinero Tor, a Blockchain Associate at Roca Junyent, said that he is not sure about the scalability ambitions of the Shiba Inu project, but FOMO is playing a major role in the latest price rally.

    “Shiba Inu is still part of the FOMO strategy of most crypto adopters waiting for a new DogeCoin and obtain more than 7400% in less than 5 months. I’m quite sure SHIBA will jump also into an NFT ecosystem, but I’m not sure about its project and scalability ambitions. I could be wrong but nowadays only crypto-fans are interested in this kind of token,” Tor commented.



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  • MRHB DeFi Receives Strategic Investment from Mozaic, New World Group’s Technology Investment Arm | by Bit Media Buzz | Oct, 2021

    MRHB DeFi Receives Strategic Investment from Mozaic, New World Group’s Technology Investment Arm | by Bit Media Buzz | Oct, 2021

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    Bit Media Buzz

    Mozaic focuses on investing in innovative tech companies seeking to re-invent their industry ecosystems — across emerging, growth and mature markets.

    London, United Kingdom — Oct 14th, 2021 — Community-focused DeFi platform MRHB DeFi has received a strategic investment from London-based investment platform Mozaic to support its transformative vision of bringing the value of the cryptoverse to financially excluded communities around the world. Mozaic is part of New World Group — a global diversified investment company with more than USD 2.5 Billion of group assets-under-management.

    The UK presents a key opportunity to nurture a financially inclusive cryptoverse and this investment is aimed at expanding the reach of MRHB DeFi beyond its core Asia and Middle East base to support the engagement of new UK users and communities who are seeking a more ethical and or faith-based approach to crypto market participation.

    “With a current market capitalisation of USD 2 trillion and growing — the crypto asset space represents an exciting growth opportunity for us and MRHB DeFi’s focus on ethical and inclusive finance resonates strongly with Mozaic’s investment thesis,” says New World Group Partner Sonny Gupta.

    “The strength and commitment of the MRHB team made them natural partners for our inaugural investment into the decentralised finance sector,” he adds.

    “Mozaic’s investment focus on robust and scalable technology businesses with a mindset of long-term value creation, made them natural partners for us as we build the world’s first ethical DeFi platform” says MRHB DeFi CEO Naquib Mohammed.

    “The UK represents a key strategic investor community for MRHB DeFi — and one which we hope to engage better with high quality institutional partners,” he also notes.

    MRHB DeFi was founded with a vision of providing greater access to excluded and cautious communities to the growing opportunities and utilities of the cryptoverse, and has a particular focus on delivering faith-based DeFi services which adhere to the ethical investment and financing principles rooted in Islamic Finance, many of which align with the United Nations Sustainable Development Goals. Such business practices include those that avoid interest, usury, social exploitation and other acts deemed unethical as well as support sustainability, asset/utility backed financing, transparency and equitable risk/reward sharing.

    With the Islamic Finance industry sized at around USD 3 trillion of assets, bringing even a small portion of Shariah-sensitive liquidity into DeFi will represent a major boost to the total value of the DeFi sector worldwide.

    The investment from Mozaic follows investments from Contango Digital Assets, NewTribe Capital, Sheesha Finance, Acreditus Partners and other institutional investors.

    About MRHB DeFi

    MRHB DeFi is a decentralised finance platform built to bring ethics to the DeFi space with an approach that supports the inclusion of faith-based and other excluded communities in addition to existing crypto-natives so that everyone can benefit from the full empowerment potential of DeFi to help build a true peer-to-peer financial and economic value system.

    Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable principles of Islamic Finance into those tenets of blockchain to render a suite of offerings that are also ESG compliant.

    The project is backed by a diverse and strong team with backgrounds spanning crypto, technology, faith-compliant investing, finance and seasoned institutional veterans of industry. The public sale offering will be in December. Register your interest and read more about MRHB DeFi’s Shariah Concept Paper, Lite and White Paper here.

    MRHB DeFi Official Channels

    Website: https://marhabadefi.com

    Twitter: https://twitter.com/marhabadefi

    Telegram: https://t.me/mdf_official

    Telegram Announcements: https://t.me/marhabadefi_ANN

    YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg

    Medium: https://medium.com/@mrhbdefi

    LinkedIn: https://www.linkedin.com/company/marhabadefi

    Telegram (Arabic): https://t.me/mdf_arabic

    Telegram (Russian): https://t.me/mdf_russia

    Telegram (Turkish): https://t.me/MarhabaDefiTR

    About New World Group & Mozaic

    New World Group is a global diversified investment company with offices in London and Kuala Lumpur. The firm builds, acquires, invests, and scales businesses focusing on long-term growth. New World Group adds value to its partners and portfolio companies through origination and execution to value realisation.

    New World Group and its businesses, including Mozaic, take a global perspective across sectors in which they act as investors, operators and business builders with offices and partners across the world’s most exciting, high growth markets. The company has made 15+ investments to-date and manages more than USD 2.5 billion across 25 countries.

    Learn more about New World Group by visiting its official website.



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