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On January 16, according to people familiar with the matter, Canada has drawn up a preliminary list of US-made products worth 150 billion Canadian dollars (105 billion US dollars) and will retaliate if Trump decides to impose tariffs on Canadian goods. People familiar with the matter said that this list is a draft and will only take effect if the Trump administration takes action first. Canada may impose more tariffs based on the actions taken by the United States. On Wednesday, Canadian Prime Minister Trudeau and provincial premiers met in Ottawa to develop a strategy to deal with US protectionism. The premiers of 12 of the 13 provinces and territories said they would "jointly take a series of measures to respond strongly." But the premier of Alberta disagreed with two proposals: imposing export taxes on the provinces energy exports, or reducing energy exports.Venezuelan President Maduro told lawmakers that the countrys annual inflation rate will be 48% in 2024.Sources revealed that Google CEO Sundar Pichai will attend Trumps inauguration.January 16, Tesla (TSLA.O) closed up 8% on Wednesday. The U.S. core CPI rose less than expected, and the market rebounded. This may put the Federal Reserve on the path of interest rate cuts, which will help more people afford new cars. Rivian (RIVN.O), General Motors (GM.N) and Ford Motor (FN) all had good gains, up 4.5%, 1.5% and 1.7% respectively, but Tesla still ranked at the top. Investors are not bothered by Musks new lawsuit with the SEC. In addition, Barclays analyst Dan Levy raised Teslas target share price from $270 to $325, maintaining a hold rating, but his target price is still lower than the current price. Levy said that the stock price has "departed from fundamentals" since the November 5 election. As of Wednesday, Teslas stock price has risen by about 70% (about $177) since the election, during which time analysts average target price for Tesla shares has risen from $235 to around $317 (about $82).US financial regulators fined BLOCK INC $80 million for violating anti-money laundering laws.

The Dogecoin Creator Slams the Shiba Inu Metaverse for Stealing $300 Million

Cory Russell

Apr 02, 2022 10:03


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Billy Markus, the creator of Dogecoin, expressed his disappointment on Twitter today.


Shiba Inu's Metaverse plans to offer virtual plots in order to broaden their horizons.


Billy described the idea as a $300 million money grab.


Shiba Inu just launched its Metaverse, dubbed SHIB: The Metaverse, as FXEmpire reported yesterday. While some (mainly SHIB supporters) were overjoyed, others offered counter-arguments that may be regarded facts.

Shiba Inu and Dogecoin Aren't Friends?

Billy Markus, better known as Shibetoshi Nakamoto, the developer of one of the most well-known cryptocurrencies, Dogecoin, did not appear to be pleased with Shiba Inu's ideas.


Markus was unsatisfied with the way SHIB treats its investors after his creation of Dogecoin spawned an entire category of cryptocurrencies known as 'Memecoin.'


"How is building a random metaverse and selling phony land with Ethereum adding utility to their product," Markus asked in response to CoinDesk's coverage of SHIB's Metaverse this morning.


He went on to remark that, while there is undeniably a great potential for developers to make more money, if he were a SHIB investor, this would not sit well with him.


The idea that SHIB: The Metaverse is selling pieces of land in ETH for no intrinsic value was perplexing to Billy.


Justifying his decision, he stated that if 100,000 (actually 100,595) parcels of land were sold for between 0.2 and 1 ETH each, the team would raise between $100 million and $300 million.


This, he claims, is futile because it would just serve to enrich the developers' pockets beyond what they have already reaped from the development of SHIB.


Billy probably said that because Shiba Inu is covertly profiting on the Metaverse buzz in the name of development.


Dogecoin, on the other hand, has set itself up for appropriate development with the phases outlined in its roadmap, which include the creation of a library for enabling the construction of Dogecoin-based DeFi protocols as well as a test suite.


Even if they have yet to be created, it is preferable to know if a possible DeFi chain has some inherent DeFi potential before embarking on the creation of its virtual environment.

On the Charts: DOGE and SHIB

Whatever the case may be with their on-chain developments, both coins appear to be cooling off into consolidation after recent surges on the investor front.


DOGE was unchanged on the daily chart at the time of writing, trading at $0.1381. SHIB, which had dropped 5.69 percent the day before, has recovered 1.35 percent today, trading at $0.00002622.

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