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Ether price has been trading around all-time high, catching up with bitcoin's rally and riding on news of wider blockchain adoption. The bill aims "to create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India. The bill also seeks to prohibit all private cryptocurrencies in India; however, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses," it said in a notification on the Lok Sabha website. Never miss a story!
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- Dog-coin drama: Crypto ‘whale’ with billions scrutinised as Shiba Inu tumbles
- Shiba inu spiked 13% after a crypto whale bought 4 trillion of the meme tokens
- Petition for Robinhood to List Shiba Inu Crypto Among Change.Org's Most Popular
- Crypto.com Lists 'Dogecoin killer' Shiba Inu Token (SHIB)
- Shiba Inu’s days in the sun may be over; here’s why
- What is Shiba Inu? How to start investing in cryptocurrency from your phone
Dog-coin drama: Crypto ‘whale’ with billions scrutinised as Shiba Inu tumbles
The entire crypto market has been on a strong rally over the past 24 hours with valuations of most popular crypto coins soaring, but the massive SHIB transaction by one particular whale saw Shiba Inu's percentage rise in value eclipse that of Bitcoin and Ether. That said, this is hardly the first time Shiba Inu has proven to be the dominant choice for whales in top Ethereum wallet holdings. Just over a week back Shiba Inu reclaimed the first position by dollar value among the top Ethereum wallets.
This happened after the Dogecoin-rival had dropped to the third position caused by consecutive price crashes. But consistently growing whale accumulation has ensured a steady rise. Since then, SHIB has maintained its status, currently standing at a concentration of 7. Shiba Inu is well on its way to becoming a market leader, with its establishment in the commercial industry, working together with eminent industry players. SHIB has seen immense growth in , up For the latest videos on gadgets and tech, subscribe to our YouTube channel.
Whales have consistently pulled up SHIB's value over the past few weeks The transaction saw Shiba Inu's value go up 10 percent in 24 hours Shiba Inu tokens make up 26 percent of the whale's Ethereum portfolio. Interested in cryptocurrency? Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks.
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Shiba inu spiked 13% after a crypto whale bought 4 trillion of the meme tokens
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Petition for Robinhood to List Shiba Inu Crypto Among Change.Org's Most Popular
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Crypto.com Lists 'Dogecoin killer' Shiba Inu Token (SHIB)
The value of the token has tumbled in recent days after surging for most of last month, temporarily leapfrogging over Dogecoin and putting it among the top cryptocurrencies in existence— despite the fact that its provenance as a meme leaves it without much of a fundamental economic reason to thrive. Credit: AP. There was unsettling news for all the minnows who bought Shiba Inu and were sitting on paper gains of a lifetime: The whale has been moving the coins into different wallets, raising concern the holder was about to sell. The dog-coin drama is the latest episode that highlights the fact that, despite an abundance of transparency in a market where every transaction is recorded on a blockchain for the public to see, the anonymity of some of the players involved — including, in this case, even the creators of the coin — leads to a house-of-mirrors effect because no one really knows exactly who is doing what. After surging in price for most of October, Shiba Inu has tumbled in recent days.
Shiba Inu’s days in the sun may be over; here’s why
These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy. Our emails are made to shine in your inbox, with something fresh every morning, afternoon, and weekend. In , a new cryptocurrency, Dogecoin, was minted as a joke making fun of the speculative frenzy surrounding Bitcoin. Then last August, an anonymous developer created the Shiba Inu coin, the canine mascot for Dogecoin, riffing off the previous prank. Somewhere along the way, the internet gags became very real. On Oct.
What is Shiba Inu? How to start investing in cryptocurrency from your phone
SHIBA Inu coins are one of the latest cryptocurrencies to hit the market - we round up six things you need to know. It comes as crypto fans are on the hunt for the next success story to follow Bitcoin. Buying cryptocurrencies and decentralised finance tokens as well as stocks and shares is a risky business. Investing is not a guaranteed way to make money, so make sure you know the risks and can afford to lose the money. Cryptocurrencies are also highly volatile, so the value of your assets drop rapidly if you're not careful. Shiba Inu coins are cryptocurrency meme tokens and allow users to hold trillions of them, according to its website. The tokens feature the same Shiba Inu dog as Dogecoin , which has rocketed in popularity recently. Join the 25 million users who trust their investments with eToro.
The price of cryptocurrencies is continuing to plunge amid a dramatic crash. The entire market has dropped dramatically in the wake of a coming Chinese crackdown on the use and trading of virtual currencies. The market had fallen by almost a third over the course of Wednesday, wiping vast amounts of money from its valuation. The problems hit just about every cryptocurrency.
We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. AMC boss Adam Aron said today that the theater chain is exploring how it can accept Shiba Inu in addition to other cryptocurrencies like Bitcoin and Dogecoin. In addition, AMC is evidently exploring its own cryptocurrency, which would truly cement the company as king of the memestocks.
Meme coin Shiba Inu recently announced its move into the metaverse. This news is no doubt well received by the community as it allows SHIB to participate in what is a booming industry. But how has the price of the digital asset reacted to this so far? Shiba Inu, one of the most popular meme coins, and winners of has announced that it would be making its debut in the metaverse with the Shivers. It comes as no surprise as the team has been forthcoming about working on more use cases for the cryptocurrency. Previously, the Shiba Inu team had announced that it was launching its own game, where SHIB will serve as the utility token.
A Change. The petition was created by a user named Tristan Luke three weeks ago, with a current goal of , signatures. At the time of writing, the petition has garnered nearly 86, signatures.
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