CNF Brief: 5 of the biggest stories of the week

• FUD has engrossed Shiba Inu’s development after a lead developer revealed a significant blunder in the development of Shibarium.
• Bitcoin continues to lead the crypto market following a 30 percent surge in the last 7 days, in total, the broader market has reached a market cap of $1.16 trillion.

Bitcoin has surged by around 30 percent in the last seven days lugging with it the entire market. At the time of the press, the broader crypto market is worth over one trillion. Much of the gains come from the collapse of the American banking system. Over the last couple of weeks, at least three banks- Silvergate, Silicon Valley, and Signature, failure has validated Bitcoin’s need and purpose and triggered fresh demand for the digital asset.

In addition, technical developments and continued partnerships that accelerate the growth of blockchain and cryptocurrency technology continue to be witnessed in most top projects. In the latest CNF brief, we take a look at the biggest stories in Shiba Inu, Cardano, IOTA, Bitcoin surge, and Ripple case.

Shiba Inu Metaverse team launches a new website and visuals, sparks optimism for SHIB

The Shiba Inu team has launched a new Shib.io website featuring an updated Shiba Inu the metaverse branding. The website offers users the ability to purchase Shiba Inu metaverse lands using a buy system that showcases a map of the available lands. Only 36,431 lands will be unlocked for purchase during the first phase, with a total of 100,595 lands available in the long term. Users can avoid paying multiple gas fees by using the website’s single-click minting system. However, users must set up and use a MetaMask wallet to participate in land purchases or bidding.

The Shiba Inu community is also facing community-centered chaos due to a code error involving the Shibarium Beta chain ID, which the developers are working to correct… Read more

IOTA 2.0: Senior software engineer outlines research results on technology robustness

The IOTA Foundation is developing IOTA 2.0, an architecture that aims to improve the performance of the IOTA blockchain by offering better scalability, security, and decentralization. IOTA 2.0 will be a permissionless blockchain that allows everyone to join the platform without minimum staking requirements.

Dr. Bing-Yang Lin, Senior Software Engineer at the #IOTA Foundation, just presented some first research results on the robustness of the IOTA 2.0 consensus mechanism! 👀

Non-technical summary below! 👇🧵 pic.twitter.com/C3fTX7SDa2

— IOTA Penguin ✨ (@iota_penguin) March 15, 2023

The architecture will provide scalability up to 10,000 nodes and 1000 mps, making it suitable for sharding solutions. IOTA 2.0 will address challenges with the current IOTA network, including non-linearity, practicability, and Sybil protection, through a more robust voting mechanism that delivers better confirmation times and resistance to bait-and-switch attacks…Read more

Cardano’s Djed outperforms Tether’s USDT as Whales go on a Buying Spree

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