The SHIB (Shiba Inu) token is the offspring of the Ethereum network – an alternative to DOGE (Dogecoin). SHIB is more or less the opposite of Bitcoin in terms of availability. While BTC intends to make it scarce on the crypto market, the SHIB token flows in abundance. This is evident in its total supply of 1 quadrillion, even though its community plans to drop this figure. Also, its ecosystem is a good ground for different projects. Some of these projects are the creation of a decentralized exchange known as Shibaswap and storing NFT art. Related Reading: Can WAVES Flow Back From Its Low Ebb And Reclaim $4.6? The SHIB team recently launched its game, referred to as Shiba Eternity. However, more updates on the game from the developers are still pending. The developers have revealed that they’ll release more updates on the newly launched Shiba Eternity on Thursday. An event will accompany the announcement according to the community. But the awaited update from the developers is already becoming a discussion subject on Twitter. This is due to the already slated Twitter Spaces. The community members will share their thoughts on the Shiba Eternity project there. More updates will come from the founder and lead developer of the SHIB token, Shytoshi Kusama, and William Volk. They intend to release these updates on the SHIB official Twitter page. Briefing On Shibarium Development A layer-2 blockchain network from the SHIB developers is currently in the pipeline. This blockchain is known as Shibarium, and it’s intended to reduce the workload of building blockchain ecosystem applications. The primary beneficiaries of this new development are developers and users. The idea of the Shibarium layer-2 network is similar to that of the Ethereum blockchain network. The reason is that both networks support developers of decentralized applications (DApps). The notion behind the project is to cut down transaction costs for gaming. This is possible because the project will serve as the premium layer-2 for the community and the SHIB token. A Quick Look At Shiba Inu Price Considering the current bearish state of the crypto market, it’s no surprise that the SHIB token is dropping in value. This is evident from the market watch in the last four weeks. The token is now down to its value dating from three months back. There’s no indication pointing to the possibility of a rise anytime soon. The same can be said about the general crypto market. Related Reading: Maker DAO Shows Bullish Sentiment After A While, Eyes $800? But the update of the community’s upcoming project from Shytoshi Kusama seems to raise the hopes of many fans of the SHIB token. As a result, several investors are watching the SHIB token’s price. The digital token currently trades on a bullish trend. Featured image from UnSplash, Chart: TradingView.com
As per Friday’s announcement through Bloomberg, Singapore state-owned DBS Bank has expanded its crypto trading service to more its 100,000 investors linked with its DBS Treasures section. The DBS’ clients will trade virtual currencies through its member-only decentralized exchange, DDEx. The service initially allows customers to trade four top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), […]
Like thousands of crypto mining enthusiasts around the world, you may have also heard of Bitramo. This technology startup currently holds the distinction of offering the market’s most profitable crypto miners. Their Ramo1, Ramo 2, and Ramo X miners can be used to mine Bitcoin, Litecoin, Ethereum, and Monero, and earn 100% ROI in less […]
XRP is rallying to the point that it is outperforming the major-league crypto players like Bitcoin and Ethereum. The recent 27.55% rally has led the […]
Believe it or not, the Proof-Of-Stake Ethereum is a reality. Those crazy kids really did it. To celebrate the achievement, Bitcoinist turns the mic to the captains of the industry. It’s time for the TALKING HEADS to discuss one of cryptocurrencies’ most important news of the year. This time, we kept the question vague and […]
Lucky Block: 22nd of September Lucky Block trading chart, is showing that attempts are being made for value to recapture elevated price levels. Signs emanating […]
While the report didn’t create any new regulations, it still serves as a foreboding message to bitcoin miners.
A widely followed crypto analyst is issuing fresh warnings for a trio of altcoins as the markets attempts to recover from a lengthy downtrend. The pseudonymous trader known as Altcoin Sherpa tells his 183,000 Twitter followers that layer-1 blockchain Avalanche (AVAX) and Ethereum (ETH) scaling solutions Polygon (MATIC) and Optimism (OP) are primed to see […]
The post Crypto Analyst Issues Warnings for Avalanche (AVAX), Polygon (MATIC) and One Additional Altcoin appeared first on The Daily Hodl.
Ansel Lindner explains the thinking behind the chess moves of the biggest powers in the world and what these moves mean for bitcoin and global markets.
Not only is the usage of Bitcoin free to everyone, but participation in the community is open to everyone as well.
In current-day Argentina inflation is no joke and prices change every day. That means it’s fertile ground for bitcoin and crypto adoption. “The central bank has warned repeatedly about the risk of investing in volatile digital currencies, and some adopters are taking it carefully,” says Reuters. Once in a blue moon, mainstream media reports on […]
Due to its benefits in transmitting coffers efficiently and investments, cryptocurrency is becoming more mainstream. Three new coins offer different functions for consumers and businesses alike, making them an exciting new field in blockchain development. If you are interested in learning more about these three coins, this article is for you. What Should You Know […]
Though altcoins use Bitcoin to gain people’s trust, they’re simply a reimagining of fiat incentive alignment.
Cryptocurrency was designed to empower people by giving back their financial power and allowing them to avoid relying on governments and banks. Since its infancy, cryptocurrency has disrupted traditional financial services, including governments, central banks, and venture capitalists. Cryptocurrency is generally decentralized in nature, meaning any single person or entity does not control it. The technology’s decentralized nature has allowed it to revolutionize the finance world through its unparalleled transparency, immutability, and security. As a result, it is rapidly making its way into the mainstream. As it continues to evolve, more countries have legalized cryptocurrency, with some declaring it legal tender. However, the technology doesn’t show any signs of slowing down either, with analysts projecting that the cryptocurrency market will be three times as large by 2030, estimating a valuation of around $5 trillion. Despite the rapid mainstream adoption of the technology, due to the sector’s lack of regulation and inherent volatility, many people still haven’t entered the space. However, despite the setbacks, countries like Columbia and Venezuela have started to use it for business purposes. Like any new technology, the lack of education around cryptocurrency is a huge barrier preventing people from getting involved, and while there are several educational platforms, there’s still a need for a holistic educational tool that investors can use. That’s where Collective Shift aims to solve this problem through its educational platform used to educate people through media, providing access to tools, insights, opportunity alerts, and portfolio strategies that investors need to succeed. Collective Shift believes that the key to cryptocurrency is its community focus, which is why it has designed a platform built on being a collective. With its team of expert investors, research analysts, passionate team, and dedicated members, it believes it can confidently move the industry towards collective success. “No technology in recorded history has ever been adopted faster than cryptocurrency, including the internet itself. We must come together to give people exactly what they need to succeed as we build a new future,” the company states on its website. The platform profoundly understands what the cryptocurrency space needs—a place where they can get consolidated access to the most critical insights and information. This is why the platform publishes free education through its research reports, beginner materials, articles, videos, and podcasts. The company’s founder, Ben Simpson, fell in love with cryptocurrency while building his apparel business, seeing the potential in Bitcoin “beyond the rational benefits of decentralization, its deflationary nature, and permissionless, borderless qualities.” The more he learned about the space, the more he learned about the power of community, which is what spurred a need for the platform. “I created a group of crypto experts to surround myself with and together, we collectively began sharing our research to spot the next trends and opportunities,” the entrepreneur says. Ultimately, Simpson says that Collective Shift was born to empower individuals to succeed by educating them and connecting them with the crypto community. “The idea that no one person could do this alone. That the collective makes the individual stronger — and that with the right tools, resources, and people — we could democratize wealth through crypto for all,” he says.
The crypto landscape is heating up as the U.S. Department of Justice ramping up its efforts to counteract the risks posed to the American people by the illegal exploitation of digital assets. On Friday, the Department of Justice’s Criminal Division announced the launch of its nationwide Digital Asset Coordinator (DAC) network. More than 150 federal […]