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Terra Luna Classic (LUNC) has been fighting tooth and nail to bring back its blockchain to the glory days before the Terra ecosystem collapsed in May 2022. Terra was at the forefront of bringing stablecoins to cryptocurrency. Now, one of the worlds leading crypto exchanges, Binance (BNB), is helping to revive Terra Classic and its stablecoin LUNC by supporting Terra Classics network upgrade.

Does Binance have what it takes to lead the charge of Terra Classic stablecoins, or does Ethereum (ETH) and new meme coin Big Eyes Coin (BIG) hold the torch to the next generation of stablecoins to lead the crypto market?

Binance, one of the leading cryptocurrency exchanges that allow you to trade over 360 cryptocurrencies, including BTC, DOGE and LTC, has been facing an uncertain future due to regulatory pressures. The CFTC filed a lawsuit against Binance in March 2023. Meanwhile, Australias first and oldest bank, Westpac, banned Binance from its payment services.

As a result, Binances support it provides to various cryptocurrencies, including LUNC, has become a topic of contention. While Binances backing can provide a boost to LUNCs visibility and trading volume, it remains to be seen how regulatory challenges will impact the exchange and its associated blockchains and tokens.

Founded in 2015 by Vitalik Buterin, Ethereum is still the leading blockchain network despite falling behind in technology trends with modern blockchain networks. However, Ethereum is quickly playing catch up by transitioning to Ethereum 2.0, with the implementation of the Proof of Stake (PoS) consensus mechanism.

The upgrade will enhance scalability, security, and efficiency. This upgrade is anticipated to attract more users and developers to the Ethereum ecosystem, leading to increased trading activity and liquidity for Ethereum-based tokens.

An Ethereum-based token set to benefit from the Ethereum upgrade is Big Eyes Coin (BIG), utilising its meme power of cat memes and cutesy art to spread far and wide on the internet. BIG wants to pave a home on Web 3.0 themed around BIG and its playful designs woven into transactions, browsing, socialising, shopping, gaming and more.

A key selling point to BIG is its full decentralised ownership, where 80% of BIG tokens will be made available to the community on launch day. The community will have full governance over the direction of BIG, including picking charities to donate to with BIGs charity wallet.

BIG has big plans to create a 24-hour trading volume for BIG to increase the token value. A BIG casino will launch on August 29th 2023, with over 4,000 casino games and numerous P2E games. The community will have many fun ways to earn BIG, which they can spend on a creative variety of digital assets at the NFT marketplace. The NFTs can be shared and showcased at the NFT Sushi Crew, where the community gathers in this virtual space.

In the race for dominance in the crypto future, the ability to deliver inherent value becomes crucial. While Terra Luna Classic may have experienced a recent increase in value, its long-term sustainability and viability will depend on factors such as adoption, utility, and community support.

Ethereum, with its upcoming upgrade, seeks to address scalability issues and solidify its position as a leading blockchain platform. Additionally, Big Eyes Coins focus on liquidity and trading volume reflects its commitment to creating a thriving ecosystem for traders and investors.

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

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Does Terra Luna Classic Have A Future? - Analytics Insight

Investors would need to commit over $800 in order to rake in a million dollars should Shiba Inu (SHIB) eventually hit the much-coveted $0.01 price threshold.

Shiba Inu (SHIB) has been caught in a bearish storm, as the ongoing market-wide turmoil and the assets extensive supply have impeded another rally similar to what was observed in 2021. However, some proponents have continued to hope for a surge to $0.001 or even $0.01 in the foreseeable future.

Most investors anticipating this price surge are looking to make up for the opportunity lost during the previous life-changing rally. Per data from CoinGecko, SHIB rallied from $0.000000010983 in February 2021 to $0.00008190 in October of the same year, marking a 745,597% increase within eight months. This turned a $134 investment into $1 million.

Investors hopeful of another opportunity to rake in such an impressive return on investment (ROI) continue anticipating a similar price surge. The asset would need to delete three to four more zeros from its current price to stage such an impressive rally this time. But how much would an investor need to invest to make $1 million? Should this occur?

Shiba Inu is currently trading for $0.00000854. To attain a price of $0.01, the asset would need to surge by 1,169x. If SHIB can pull off such a feat, an investor would need to invest a little above $855.4 at this point to rake in $1 million. Similarly, one would need $8,554 to make $1 million if the asset can only hit $0.001.

However, the important question is whether the asset can carry out such a rally, given its current position and the extensive circulating supply. Shiba Inus previous life-changing rally was majorly propelled by the incineration of 410 trillion tokens carried out by Vitalik Buterin in May 2021.

The assets current supply makes a rally to $0.01 impossible. Consequently, the Shiba Inu community has championed several initiatives to reduce the circulating supply. Independent projects within the community, such as Blaze Token and Koyo Token, have also contributed immensely to the burn initiative.

With all hands on deck to address the assets supply problem, the community is looking to welcome projects such as Shibarium, ShibaSwap 2.0, and Shiba Inu Metaverse which should assist in introducing more utility to the ecosystem and bolster burns.

If the adoption rates of these projects are significantly high, the assets circulating supply of 574.8 trillion could be drastically reduced. This might give SHIB a chance to aim for $0.001 or $0.01. However, it is important to note that this should not be considered financial advice, as the assets price trajectory can never be accurately predicted.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Here's What to Invest to Make $1M if Shiba Inu Rallies to $0.01 - The Crypto Basic

Ethereum Coin

As the Shapella Upgrade went live and unveiled new staking withdrawal features, investors have shifted their focus towards the long-term advantages it brings.

With this milestone achieved, Ethereums co-founder, Vitalik Buterin, assured the community that this is merely a stepping stone and there are still more upgrades on the horizon for the ever-evolving Ethereum ecosystem.

The Shapella upgrade, which followed Ethereums transition to Proof-of-Stake (also known as The Merge), marked a significant milestone in the ecosystem. It introduced a major change in mechanics that had a profound impact on the network.

Hence, its important to explore the key reasons why the Shapella Upgrade is crucial for Ethereums growth and success.

Firstly, Shapella allows all validators to make full or partial withdrawals of their locked ETH in staking. Therefore, all users who entrust their assets to validators can also withdraw their ETH assets in staking. Shapella is the first update on the Proof-of-Stake (PoS) layer of Ethereum since the Merge.

Secondly, with the Shapella Upgrade, Ethereum has gained characteristics similar to those of a blue chip stock.

Another crucial aspect of the Shapella Upgrade is the deflationary nature of Ethereum. As Ethereum continues to evolve and progress, the upgrade enhances its scarcity and potential value. With staking withdrawals, the circulating supply of Ethereum may decrease over time, potentially driving up its value.

Lastly, the Shapella Upgrade expands Ethereums practical use cases in decentralized finance (DeFi) and smart contracts.

Since the Shanghai upgrade went live, which allows for staked Ethereum to be withdrawn from Ethereums beacon chain, therefore, for those who stake on the Ethereum network (via last years Merge upgrade), will be able to withdraw their Ether from the network. This may build a more potent demand for staking.

Finally, the Capella upgrade will provide improvements to Ethereums consensus mechanism and further improve the network overall.

Now, with these improvements, DeFi applications can leverage Ethereums programmability and security to offer a wide array of financial services, such as lending, borrowing, and trading, without intermediaries.

Staking Ethereum allows you to participate in the networks proof-of-stake consensus and earn rewards. There are four common methods:

Each method has its own considerations regarding technical expertise, control over private keys, user-friendliness, and reward distribution. Its important to research and choose the method that aligns with your preferences and goals for staking Ethereum.

Even though there are a few alarming things, such as price fluctuations, evolving regulations, and technological vulnerabilities, impacting its value and usability, analysts are predicting Ethereum to outperform the market in the long term despite volatility.

The predictions from Raoul Pal, a former Goldman Sachs fund manager, and Mike McGlone, a Bloomberg analyst, shed light on the potential performance of Ethereum (ETH) in the coming years. Both experts express optimism about ETHs ability to outperform Bitcoin (BTC) and achieve significant price increases.

Raoul Pal bases his prediction on Metcalfes Law, which suggests that the value of a network is proportional to the square of its users. Pal anticipates that ETH could reach 300-400% of its current value in 2023, with a peak above $20,000 in the next few years.

Mike McGlone also shares a positive outlook for ETH, emphasizing its impact on finance. He expects ETH to trade above $2,500 in 2023 and rise to $6,000 by 2025. Because of upgrades that already happened and still have to happen, Ethereum is becoming cheaper and faster and even more user-friendly.

Moreover, the Shapella Upgrade offers two advantages for long-term yield:

Now that staking withdrawals are live, investors are more keen to invest in Ethereum as it offers a more liquid yield. It allows for staking withdrawals, making Ethereum more akin to a lucrative stock. The upgrade also enhances Ethereums scarcity and potential value, expands its use cases in decentralized finance and smart contracts, and improves user-friendliness.

Additionally, Pal and McGloan agree that Ethereum will outperform the market in the long term, with optimistic price projections. With account abstraction and single slot finality, the Shapella Upgrade further contributes to the long-term yield potential of Ethereum. Overall, Ethereums future looks promising as it continues to evolve and solidify its position in the crypto space. However, it is still well below its all-time highs despite its recent rally, so focusing on long-term investment would be best to getting the best yield.

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ETH Staking: How To Get The Best Yields Post Ethereum's Shapella ... - CCN.com

In the APSA Public Scholarship Program, graduate students in political science produce summaries of new research in the American Political Science Review. This piece, written by Syeda ShahBano Ijaz, covers the new article by Sverrir Steinsson, George Washington University, Rule Ambiguity, Institutional Clashes, and Population Loss: How Wikipedia Became the Last Good Place on the Internet.

If you have ever used Wikipedia, you might have noticed that even though the online encyclopedia is an open source that anyone can edit (even you!), it is able to maintain neutrality on most issues and is even open to labeling certain issues as false or a pseudoscience. But Wikipedia was not always this reliable; in his recent APSR article, Sverrir Steinsson investigates the evolution of English-language Wikipedia to find out how understanding of neutrality by Wikipedians evolved over time, ending up with increasing reliability of Wikipedia as a source to use. Steinsson traces the change in the content of English Wikipedia over time to suggest that the combination of ambiguous institutional rules and certain editors leaving the site helped Wikipedia transition from being a source that hosted pro-fringe discourse to one that gained credibility as an active fact-checker and anti-fringe. A close examination of the content of selected Wikipedia articles, their publicly available editing history, as well as the comments made by the editors, allows Steinsson to show that a change in the interpretation of Wikipedias Neutral Point of View (NPOV) guideline affected the nature of content in its articles. As the interpretation favored by anti-fringe editors became popular, pro-fringe editors faced increasing challenges and began to leave Wikipedia. This shift in the balance between pro-fringe and anti-fringe editors, which was a result both of the way editorial disputes were resolved and the exit of pro-fringe editors, made Wikipedia gain credibility as a source that debunked myths and controversies and did not promote pseudoscience.

Most institutional theorists consider institutions to be stable and biased toward the status quo. Institutions persist and tend to behave in the same way over time due to continuity in decision-making and membership stability. However, comparative politics literature on norm contestation suggests that reinterpretation of ambiguous norms can lead to institutions changing from within. The ambiguity in Wikipedias NPOV guideline provided the same opportunity for internal change. However, for such an internal change to occur, it is important that camps with coherent views exist and that contestation between these camps leads to clear victories. This leads to power shifts within the camps and allows manifest institutional change to occur.

Steinsson selects 63 Wikipedia articles that reflect diverse topic areas (such as climate, health, gender, sexuality, and so on) with issues that have been linked to controversies that favor a pro-fringe rhetoric. He analyzes these articles for changes over time to establish the presence of an internal institutional shift. The language of each article is coded on a five-point scale, ranging from fringe normalization to pro-active fringe busting. In addition to this content analysis, Steinsson also closely studies changes in Wikipedias governance structure. He finds that content in English Wikipedia changed over time, from being supportive of pseudoscience and conspiracy theories to active myth-busting. Take the example of the Wikipedia page on homeopathy: from 2001-2006, the lead on the page described homeopathy as a controversial system of alternative medicine. From 2006-2013, the content changed to mentioning that homeopathy has been regarded as pseudoscience and sharing that there is a lack of convincing scientific evidence confirming its efficacy. By 2015, this description had stabilized to homeopathy is a pseudoscience.

()the credibility gain of Wikipedia is an important case study that shows how internal reinterpretation of institutional norms can drive change. Steinsson suggests that the shift in language occurred because of an internal change in how Wikipedia editors interpreted the NPOV guidelines. From an early understanding of the NPOV rule as entailing diverse points of views and staying away from pejorative labels, the later understanding moved towards only documenting facts (as opposed to points of view) and the acceptance to apply pejorative labels as needed. Accompanying this change in understanding was an editorial powershift; Steinsson documents the editorial debates over time to show that anti-fringe editors gained ground while pro-fringe editors began to exit Wikipedia. As a result of this attrition, the institutional brand of English Wikipedia moved from being a suspect source to a credible one.

These changes in Wikipedias content have been gradual as opposed to sudden. Therefore, it is unlikely that they were prompted by external events like the election of Donald Trump in 2016. These shifts are also unlikely to reflect external shifts in the sources Wikipedia drew from since it was the analysis of the sources within Wikipedia articles that changed. Further, many of the sources the articles would cite as reliable were deemed unreliable over time. Instead, the credibility gain of Wikipedia is an important case study that shows how internal reinterpretation of institutional norms can drive change. This casts doubt on the stability of institutions, particularly those that encourage public engagement through social media and the internet.

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How Conflicts and Population Loss Led to the Rise of English ... - Political Science Now

The research article (preprint) below was recently shared on arXiv.

Title

Wikipedia And Open Access

Authors

Puyu Yang The University of Amsterdam

Ahad Shoaib cole Polytechnique Fdrale de Lausanne (EPFL) University of Waterloo

Robert West cole Polytechnique Fdrale de Lausanne (EPFL)

Giovanni Colavizza The University of Amsterdam

Source

via arXiv

DOI: 10.48550/arXiv.2305.13945

Abstract

Wikipedia is a well-known platform for disseminating knowledge, and scientific sources, such as journal articles, play a critical role in supporting its mission. The open access movement aims to make scientific knowledge openly available, and we might intuitively expect open access to help further Wikipedias mission. However, the extent of this relationship remains largely unknown. To fill this gap, we analyze a large dataset of citations from Wikipedia and model the role of open access in Wikipedias citation patterns. We find that open-access articles are extensively and increasingly more cited in Wikipedia. What is more, they show a 15% higher likelihood of being cited in Wikipedia when compared to closed-access articles, after controlling for confounding factors. This open-access citation effect is particularly strong for articles with low citation counts, including recently published ones. Our results show that open access plays a key role in the dissemination of scientific knowledge, including by providing Wikipedia editors timely access to novel results. These findings have important implications for researchers, policymakers, and practitioners in the field of information science and technology.

Direct to Full Text Article 16 pages; PDF.

Filed under: Data Files, Journal Articles, News, Open Access

Gary Price (gprice@gmail.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.

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Research Article: Wikipedia and Open Access (preprint) - LJ INFOdocket