Shibarium, the Layer-2 blockchain developed by the creative minds behind Shiba Inu (SHIB), has shattered expectations by reaching an extraordinary milestone in transaction throughput. Surpassing an impressive 411 million transactions,   Shibariumscan has revealed the platform’s resilience in the face of market volatility.

The recent surge in user adoption and the influx of dApp builders have contributed to Shibarium’s exponential growth. Over the past few days alone, more than 3 million transfers have been added, solidifying Shibarium’s position as a force to be reckoned with in the blockchain space.

This achievement is particularly impressive given the current daily transaction throughput of 1.03 million, which, although lower than its peak of 4.2 million transfers per day on February 20, reflects the platform’s stability and potential for further expansion.

Source: Shibariumscan

Shibarium Forges Strategic Partnership, Expanding Its Ecosystem

In a move to fortify its ecosystem and foster innovation, Shibarium has recently formed a strategic partnership with K9 Finance, a prominent player in the financial technology industry.

This collaboration marks a significant milestone for both parties, as K9 Finance launches its native coin, KNINE, on the Shibarium platform. As a testament to their commitment, Shytoshi Kusama, the visionary leader behind SHIB, and Kaal Dhairya, the brilliant SHIB lead developer, have been appointed as official advisors to K9 Finance.

I remembered when $SHIB was on the news first time. This is really amazing. The work of @K9finance is amazing. The community and the team. Proud to be part of the advisors. LFG #K9Unit https://t.co/i1FJXs5qY0 pic.twitter.com/QLCob54Owy

— Xanders Shib🇻🇪 (@ShibaXanders) March 15, 2024

The partnership between Shibarium and K9 Finance showcases the platform’s dedication to fostering collaborations that drive growth and fuel its mission to revolutionize the blockchain landscape. This strategic alliance will undoubtedly open doors to new possibilities, leading to enhanced user experiences and the creation of innovative decentralized applications.

SHIB Navigates Challenging Waters Amidst Market Turbulence

While Shibarium celebrates its record-breaking achievements, the price of Shiba Inu (SHIB), the second-largest meme cryptocurrency by market capitalization, has experienced a turbulent ride in recent days.

Exhibiting a correlation with the price movements of Bitcoin (BTC), SHIB has encountered a 28% decrease in value following Bitcoin’s correction from its all-time high of $73,750.

Total crypto market cap. Chart: TradingView

Investors may find these price fluctuations discouraging, but it is crucial to consider the broader context of SHIB’s ongoing development efforts. Notably, SHIB received recognition and was featured on Forbes’ prestigious top 10 list of cryptocurrencies to invest in.

SHIB price action in the last 30 days. Source: Coingecko

Additionally, the cryptocurrency garnered attention on the popular financial program “Eye on Your Money,” where it was mentioned alongside Bitcoin. While these accolades did not result in immediate price surges, they reinforce SHIB’s potential and the significance of its long-term growth prospects.

Featured image from Pixabay, chart from TradingView

Yao Qian, a prominent ‘pro-blockchain official’ in China, is under investigation by Chinese authorities for undisclosed “violations of law.”

The Background Of Blockchain Advocacy And The Current Crackdown

Qian, known for his pivotal role in developing China’s Central Bank Digital Currency (CBDC), has been a leading voice in the country’s blockchain initiative.

Qian’s efforts were instrumental in the conceptualization and rollout of the digital yuan, positioning China at the forefront of digital currency technology on a global stage.

The investigation, led by the Discipline Inspection and Supervision Team of the Central Commission for Discipline Inspection and the National Supervision Commission at the China Securities Regulatory Commission, has stirred concerns within the blockchain community.

Yao Qian’s contributions to the Chinese financial technology landscape have been noteworthy, serving in various high-profile government roles, including Director of the Science and Technology Supervision Department and the Information Center of the China Securities Regulatory Commission.

Yao Qian has also been a ‘staunch’ advocate for blockchain and digital currencies, arguing for issuing a state-owned digital currency as early as 2017 to enhance the market position of China’s local currency.

Wu Blockchain said, “He was the creator of China’s CBDC and served as the director of the central bank’s digital currency research institute.” However, Qian is now scrutinized by the same government, which is pushing for technological advancements.

The specifics of the allegations against Qian remain “vague,” with authorities citing “serious violations of discipline and law” without providing further details. The report particularly noted:

Yao Qian, Director of the Science and Technology Supervision Department and Director of the Information Center of the China Securities Regulatory Commission, is suspected of serious violations of discipline and law and is currently under investigation by the Central Committee.

Broader Implications For Blockchain And Crypto In China

Despite the ongoing investigation into one of its key proponents, the blockchain sector in China continues to see interest and development, particularly in areas not directly related to cryptocurrencies.

For instance, at a recent annual gathering of China’s political and industry leaders in Beijing, proposals were made to accelerate the development of blockchain technology to enhance government services, supply chains, and trade.

These developments indicate that while the country may be skeptical about cryptocurrencies, it recognizes the broader applications of blockchain technology.

Furthermore, China’s financial giants, like Harvest Fund and Southern Fund, are venturing into the international cryptocurrency space with applications to launch a new spot Bitcoin ETF through their Hong Kong subsidiaries.

This move is indicative of a nuanced approach to blockchain and digital assets, suggesting a potential softening of stance or at least an acknowledgment of the financial opportunities these technologies present on a global scale.

Featured image from Unsplash, Chart from TradingView

The Akita Inu, a majestic breed hailing from Japan’s northern prefecture of Akita, has gained international acclaim in recent years. To combat rising concerns about pedigree forgery and lost documents, the Akita Inu Preservation Society is embracing the digital age. They’ve partnered with a tech firm to develop a secure system using blockchain technology, the same system that underpins cryptocurrencies.

Akita Goes Global: Digital Pedigrees Meet International Demand

The Akita Inu Preservation Society has witnessed a surge in overseas membership, with numbers jumping from 300 in 2022 to nearly 500 in 2023. This international interest presents a challenge – ensuring the secure and efficient delivery of pedigree certificates.

Traditionally issued on paper, these documents were prone to getting lost in transit, especially for overseas recipients. The society even encountered a case of forged paperwork in China a few years ago, highlighting the need for a more robust system.

Photo by Mario Cannata on Unsplash

Blockchain Unleashed: Secure Pedigrees For The Modern Dog Owner

Enter blockchain technology. Partnering with Meta Akita Inc., a local IT firm, and Heirloom Inc., a US company, the dog preservation society has developed a revolutionary system for issuing digital pedigree certificates.

Blockchain, known for its secure and transparent nature, creates a digital ledger that tracks every transaction – in this case, the ownership history of an Akita. This eliminates the risk of forgery, as any attempt to tamper with the data would be immediately recognizable.

Bitcoin is currently trading at $63.730. Chart: TradingView

The benefits extend beyond security. Digital certificates are issued via a smartphone app, drastically reducing the waiting time for owners compared to traditional paper documents that could take weeks to arrive.

“In addition to the convenience of digitalization, we hope that owners will also have peace of mind in knowing that their dog is purebred,” society board member Yuki Shoji said.

Looking Ahead: A Tail-Wagging Example For Other Breeds

The society’s foray into blockchain technology sets a precedent for other dog breed organizations worldwide. As globalization continues to connect dog lovers across borders, secure and efficient pedigree management becomes increasingly crucial.

This innovative approach not only safeguards the integrity of Akita bloodlines but also streamlines the process for international owners. With a wag and a woof, the Akita Inu Preservation Society is proving that sometimes, the best way to protect tradition is to embrace the future.

Featured image from Pexels, chart from TradingView