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Is Shiba Inu Easy to Buy and Sell in Europe?

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Shiba Inu (SHIB) investments have skyrocketed in Europe, especially Germany, because of its high profitability. Also the coin can be used as a payment option in some cases.

The coin has only existed since 2020, and we understand that many investors are still sceptical about taking their chances with the investment. However, Shiba continues to be embraced by investors, and putting up your money into it can benefit you in the long run.

This article will give you insights into how Shiba investments work and whether it is easy to buy and sell in Europe. We will also include some significant reasons you should consider this investment in 2022 and the best way to get started.

How to Buy Shiba Inu in Europe

Like other cryptocurrencies, you need a cryptocurrency exchange or brokerage firm to buy Shiba Inu. Note that these platforms have varying features, and it is crucial that you choose those that benefit your Shiba investment requirements. For instance, you need to consider budget, reliability, availability of Shiba and other cryptos, payment methods, demo accounts, etc. Most importantly, invest using brokers or crypto exchanges that accept clients from your country. 

For instance, German investors looking to buy Shiba Inu, should go for brokers regulated by the Federal Financial Services Authority (BaFin).

If you are in Germany or you are a German investor, take a look at the following guide on the best platforms where you can buy Shiba Inu: Shiba Inu krypto kaufen in Deutschland. This translates to How to buy Shiba Inu in Germany. 

Note that the best broker or cryptocurrency exchange allows purchasing of SHIB using various payment methods. These funding methods include debit/credit cards, bank transfers, e-wallets like PayPal, and other cryptocurrencies. All you need is a crypto wallet and select a more flexible payment option you are comfortable using.

For newbies looking for ways to get started, the procedure for buying Shiba can be pretty straightforward once you understand how to go about it. By creating an account on a broker’s or cryptocurrency exchange’s platform, you can easily access the asset and complete the purchase. However, note that you need to start by learning about the Shiba Inu market and how it works, including all the risks involved, before making your first significant investment. 

Other Ways Of Investing In Shiba Inu

Although some traders and investors will buy Shiba and store it in their digital wallets, others prefer other methods of making profits from the asset. One of the most popular ways to trade Shiba is through CFD trading, offered by regulated brokers that meet your trading requirements.

With Shiba CFD trading, you do not take ownership of the underlying asset. Instead, all you do is predict Shiba’s price movement through the chosen platform. Remember that all cryptocurrencies, including Shiba Inu, are volatile, and you must conduct a thorough market analysis for increased profitability.

Alternatively, you can buy SHIB’s shares through companies that produce the commodity. Here, you will require a broker with access to the exchanges where the companies’ shares are listed. The best element about buying Shiba shares using brokers is that you can purchase the shares as fractions should a single one be costly to afford.

Pros and Cons of Buying Shiba in 2022

Shiba Inu runs on the Ethereum network as an ERC20 token. It is one of the meme coins besides Dogecoin that has captured investors’ attention from diverse regions in Europe. Recently, the Shiba community celebrated one million holders, which ended up stirring the cryptocurrency space. For this reason, many investors dub it the “Dogecoin killer,” especially when it comes to long-term investments.

With many controversies surrounding Shiba Inu investments, below are the pros and cons of buying Shiba to give you a clear insight. 

Pros

  • Shiba’s current share price is very cost-effective, making it a viable option for newbies. Since this cryptocurrency’s popularity is skyrocketing, investing in it now when the price is still low can pay off in the long run.
  • Shiba has a decentralized exchange known as ShibaSwap that is highly secured and allows users to meet and trade cryptocurrencies. 
  • The cryptocurrency has shown immense growth since it was launched in 2020 — an indication that it could generate good profits in the long run.
  • It supports smart contracts, making it easier for investors to lend and stake them while earning passive income.
  • It has gained massive support from prominent business people, including Elon Musk. This keeps the coin in the limelight for new investors. 

Cons

  • Being a relatively new asset in the market with little information about it makes Shiba a riskier investment compared to other cryptocurrencies.
  • The asset is highly volatile, making it challenging for investors to predict how it will be in the future. 

Key Takeaways

Shiba is a highly volatile cryptocurrency, and investing in it is risky. However, all financial assets carry risks, and the only way to mitigate them is by conducting extensive market analysis to develop the best investment strategies. Generally, Shiba is a good investment, and it is easy to buy when using licensed and regulated brokers. The best element about buying Shiba with brokers is that you get access to additional assets for portfolio diversification. Plus, brokers offer learning and research tools for a worthwhile experience.

OpenSea Deploy New Web3 “Seaport” Marketplace On Ethereum

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NFT kingpin OpenSea unveiled Seaport, a new web3 marketplace protocol for safely and efficiently buying and selling NFTs. Build for all builders, creators, and collectors of NFTs, the platform claimed that the core smart contract is open source with no contract owner, upgradeability, or other special privileges. 

Unlike conventional NFT marketplace where users can trade digital collectibles via only crypto as a medium of exchange, Seaport enables users to offer an array of payment tokens like ETH / ERC20 / ERC721 / ERC1155.

In order for that offer to be accepted, a number of items must be received by the recipients indicated by the offerer. One can assume it to be a modern version of a Barter system.

Besides that, the newly launched OpenSea protocol will allow specific trades and swaps. Twitteratis appeared to be puzzled by the new features.

One user tried to offer his interpretation by saying that users can open “channels” and set criteria such as “I’ll swap this BAYC for three Azuki’s + 20 eth” and if someone deposits those matching assets, the trade occurs.

Not only that, the Seaport protocol has introduced the “tipping” as long as the amount does not exceed that of the original offer.

“This allows alternative interfaces to include their own fees and can be combined with zones to support listings with dynamic amounts and recipients, as well as other novel applications like on-chain English auctions,” the blog read.

OpenSea’s open-source new protocol isn’t the first?

The world’s largest NFT marketplace also stated that this is just the beginning for Seaport.

“We built the initial version of the protocol to unlock use cases and optimizations that creators and collectors expect from a modern web3 marketplace,” it added.

Having said that, some drew a comparison with the leading DEX Uniswap’s V3 launch. Solidity Developer Shegen tweeted,

“The @opensea Seaport launch is basically a UniSwap v3 moment for NFTs in terms of market efficiency and access to better tools for the general public.”

On May 5th, 2021, UniSwap V3 was unveiled on the Ethereum mainnet. The DEX’s latest version brought forth the new concept of multiple pools per pair of tokens, each with a different swap fee.

Dogecoin co-founder states the obvious yet again

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On his official Twitter account, one of the Dogecoin project’s founders sent a crucial reminder regarding his affiliation to the cryptocurrency in its current incarnation.

Billy Markus stated in his post that he is no longer working on Dogecoin. Despite being one of DOGE’s most prominent ambassadors, he left the meme-currency seven and a half years ago and has no plans to return.

Screenshot 28
Source: Twitter

Though some people disagree with his move, his goal is to demonstrate what true decentralization is. Even thoughthe fact that the meme coin’s environment is not the most technically proficient in the market, it is still under continuous development.

“Shibetoshi Nakamoto” has also spoken on the cryptocurrency market’s definition, humorously portraying it as a mix of “hopium,” “fomo,” fear, and other circulating phenomena. He also mentioned that studying human nature in relation to money is fascinating.

Despite his distance from the project’s core, Markus feels that the DOGE ecosystem benefits from the speculation that surrounds it. He also stated that the meme token team’s primary focus in the present and future should be on utility.

Markus has often told his subscribers that he is unconcerned about the price of Dogecoin. The community’s anger stems from the fact that DOGE has lost more than 85% of its value since its all-time high.

Dogecoin’s new plan to go bullish

Dogecoin, the first memecoin to hit the cryptocurrency market, offers a tip for intraday traders in the form of a symmetrical triangular formation, which might propel DOGE higher if it plays out in favour of bulls.

Screenshot 29
Source: trading view official website

A symmetrical triangle is considered a bullish pattern by traders since it usually leads in an upward breakout. However, traders should not overlook the likelihood of a bearish situation in which an asset violates the pattern’s lower border and accelerates downhill.

However, DOGE is more actively probing the formation’s lower border, implying a short-term decline rather than an upward rally. At the time of writing, Dogecoin (DOGE) was priced at $0.08714 with a surprising daily rise of 2.59% according to data from Coin Market Cap.

Bitcoin to shine bright like a diamond

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With the recent turmoil in the crypto-world, many believed that doomsday was near. However, many scholars feel otherwise about Bitcoin (BTC). Robert Kiyosaki, an investor, entrepreneur, and author of a number of blockbuster books on financial markets and financial literacy, including “Rich Dad, Poor Dad,” has responded to the current state of the crypto market on Twitter.

Kiyosaki stated on Twitter that he believes Bitcoin has a bright future. He is, however, expecting BTC to test a new low. According to Kiyosaki’s earlier tweets, he is prepared for the top cryptocurrency to drop as low as $20,000, $14,000, or even $9,000.

The ‘Rich Dad, Poor Dad’ author, has been very fond of investing in Bitcoin, gold, and silver. He seems to strongly believe that BTC will shine bright like a diamond in the near future, in the long run as he believes the Federal Reserve and US Treasury to be extremely corrupt organizations.

Screenshot 26
Source: Twitter

Many people, including Kiyosaki, condemned the US government for unprecedented quantitative easing in 2020 when the Fed issued more than $6 trillion to assist the US economy to survive the pandemic.

He then sent out many tweets warning of an impending USD collapse and urging everyone to buy Bitcoin, silver, and gold.

On January 24, the author of “Rich Dad, Poor Dad” tweeted that if BTC fell below the $20,000 support level, he would buy more. He also claimed that he bought BTC at $9,000 and $6,000 when it was on sale.

Bitcoin doing well amidst crypto turmoil, a surprise to many

Peter Schiff, a prominent BTC critic, said yesterday that he was shocked to see BTC “holding up this well,” referring to the $30,000 level.

Screenshot 27
Source: Twitter

Schiff, on the other hand, believes that this is nothing more than a bull trap designed to attract more investors. This is why he cautioned Bitcoiners against being too confident about BTC’s current price near $30,000.

The primary digital currency has recovered slightly above $30,000 so far. Schiff, on the other hand, feels that if it breaks considerably below this level, the bear wave would push it below $10,000.

Schiff tweets about the world’s largest cryptocurrency more than some popular BTC investors themselves, despite being one of the toughest Bitcoin skeptics. He was recognized as a Bitcoin influencer in late 2020 and made the top ten list. Unlike Schiff, who feels gold is vastly superior to BTC, his son Spencer is a BTC enthusiast. At the time of writing, BTC was trading at $30,424.73 with a hike of 3.22% over the last 24 hours.

Singapore Court, Following a Dispute, Barred the Sale of Bored Ape Yacht Club NFTs

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In one of the first cases of its sort, a Singapore court has imposed a freezing injunction prohibiting the sale of a Bored Ape non-fungible token, which might have far-reaching implications for digital assets.

A court ruled that the NFT, from the famous Bored Ape Yacht Club series, should not be sold until an ownership dispute is resolved after it was foreclosed on as collateral for a debt.

According to Hagen Rooke, a lawyer at Singapore law firm Reed Smith LLP who wasn’t involved in the case, the law recognizes both fungible and non-fungible tokens as forms of property to which court injunctions can attach, and the NFT case is a consistent application of the same idea.

“It is the first decision in a commercial dispute where NFTs are recognized as valuable property worth protecting.” “So more than merely strings of numbers and codes imprinted on a blockchain, the implication is that NFT is a digital asset and people who invest in it have rights that can be protected.”

Shaun Leong, lead counsel for the case and equity partner of Withersworldwide

Singapore considered BAYC NFT as a valuable asset

The claimant, a Singapore resident who, according to the case filing, is a regular borrower on NFTfi, a platform that allows consumers to utilize NFTs as collateral for crypto loans, is a citizen of Singapore and is an active dealer in crypto and digital assets.

The defendant goes by the username chefpierre.eth. But the identity and physical whereabouts of the user, which is unknown, is a regular lender on the platform, according to the lawsuit.

According to the declaration, the BAYC NFT No. 2162 is “one of the Claimant’s most prized assets, and is irreplaceable to him,” and he has “no intentions to ever part with or sell it.” According to the petition, he used the NFT as collateral to borrow cryptocurrency because “because of its rarity and high value,” he could secure greater loans.

The claimant requested a refinancing of a loan for which the NFT in question was used as collateral in mid-April, but after some back-and-forth, chefpierre agreed to a limited repayment period. Chefpierre foreclosed on the NFT when the claimant was unable to pay, according to the complaint. In this instance, the claimant claims “unjust enrichment.”

Tether CTO Says That “Terra Wasn’t a Rug Pull, Rather It Was Poorly Designed”

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Tether (USDT) and Bitfinex chief technology officer Paolo Ardoino claimed the Terra (LUNA) initiative was “poorly designed” and not intended to be a rug pull.

Ardoino compared its algorithmic stablecoin TerraUSD (UST) to a “castle of cards” that could collapse at any time in response to the Terra ecosystem’s market-shattering disaster.

Many in the crypto world have cited a long record of suspicious statements and acts made by Terraform Labs founder Do Kwon, raising concerns about his behavior. Kwon also worked on the previously failed algo-stablecoin project Basis Cash, according to reports.

Ardoino made the remarks on the Reimagine Unplugged podcast this week, which is produced by Reimagine, a media firm that specializes in Web3 content and events. The chief technology officer indicated that Kwon’s erroneous feeling of self-confidence was a major issue:

“I don’t know Do Kwon. But let’s give him the benefit of the doubt. He created this project with arrogance and with thinking that he was right and many were supporting him, of course, probably for economic reasons, but was not per se, a rug pull, it was a project that was poorly designed as many projects are poorly designed.”

The entire crypto community is talking about Terra’s fall

Ardoino went on to say that UST had grown too big to keep its peg, claiming that its collateralization, which was predominantly in Bitcoin (BTC) at the time as it worked to create reserves, was not large enough to support the stablecoin but was “huge enough to crash the market even further.”

“They were basically in a cascade situation where they had to protect the peg, so they had to sell the collateral. Selling the collateral was generating more crashes, and these extra crashes were driving them to sell more or collateral on,” he explained.

When asked about the future regulatory landscape for stablecoins, Ardoino advised that legislators first identify the difference between stablecoins that are entirely backed by assets and those that are supported mainly by algorithms.

Binance makes bold moves

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Binance US announced on Thursday that Krishna Juvvadi has joined the company as vice president and head of law. Juvvadi comes to the exchange forum from Uber, where he was the global head of operations compliance. Early in his career, he worked as a trial attorney for the US Department of Justice’s Civil Rights Division.

Juvvadi will oversee the legal department’s day-to-day operations at the company’s US base. Norman Reed, who joined the firm’s US base as general counsel in December and has past experience with the Securities and Exchange Commission, the Federal Reserve Bank of New York, crypto, and fintech, will be his boss. Brian Shroder, CEO of Binance US, said in a statement,

“We recognize the importance of remaining responsive to and complying with the evolving rules and regulations governing the crypto ecosystem, and we continue to attract and invest in top legal and compliance talent to ensure this priority remains at the forefront of our operations.”

According to local media, Juvvadi has not replaced anyone because the head of legal is a freshly created post at the company’s US headquarters.

Krishna New Hire 1
source: Binance US blog

The company has been active in hiring employees who have previously worked for the government. The two organizations have hired over a dozen similar recruits in recent weeks and months, including Krishna, Reed, Steven McWhirter, and Stephanie Cabossioras.

Binance delists LUNA and UST trading

Binance has removed itself from the list of cryptocurrency exchanges trading  UST and LUNA. Following the disastrous plunge of the algorithmic stablecoin, the worldwide cryptocurrency exchange has suspended trading pairs with the Terra ecosystem’s cryptocurrencies.

On May 13, Binance stated that spot trading for the LUNA/BUSD and UST/BUSD trading pairs would be suspended. It’s unclear when withdrawals will restart, as the crypto exchange only recently stated that it will wait until the Terra network issues were rectified before proceeding.

It is the latest action by the world’s largest cryptocurrency exchange by trading volume, following one of the most dramatic black swan events to influence the sector since the inception of Bitcoin (BTC) in 2009.

Did Delphi Digital predict UST collapse?

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Delphi Digital, crypto-focused research and investment firm has published a post-mortem on the losses incurred by the collapse of TerraUSD (UST) algorithmic stablecoin last week, concluding that “something like this was always probable.” Delphi wrote late Wednesday on its blog,

“We understood the risks of the algorithmic model upfront and sought to be transparent about them throughout; however, it’s clear we miscalculated the risks. To the vocal critics of Terra’s algorithmic design — you were right and we were wrong.”

Last week, UST de-pegged from the dollar in a disastrous manner, wiping out more than $40 billion in value for investors. Delphi, which competes with The Block for crypto research, was a supporter of the Luna Foundation Guard (LFG), a Singapore-based non-profit with an aim to improve the Terra ecosystem.

LFG’s bitcoin purchases, Delphi digital wrote in an April research bulletin, “gives higher security to protect UST’s peg to the dollar” and “likely reduces the likelihood of it going into a death spiral.” In March, the company announced that customers may pay for their subscriptions with their UST balance and income received from Terra’s Anchor Protocol.

Delphi Digital, one of Terra’s significant operator

Delphi Digital was one of many cryptocurrency exchanges with major exposure to the Terra ecosystem at the time of its demise. For the first time, the group openly assessed the damage in its post.

Delphi Ventures Master Fund purchased an amount of Terra’s native token Luna equal to 0.5 percent of its net asset value in early 2021, according to the company (NAV). Over time, the exposure grew, resulting in “a significant unrealized loss.” Luna and other Terra-native coins accounted for about 13% of Delphi Ventures’ NAV at its peak.

Screenshot 25
LFG

Luna received a $10 million investment from LFG in February as part of a $1 billion token sale. Based on the current price of Luna, Delphi said the investment is “completely wasted,” but added that it sold no Luna during the token’s decline. LFG’s governing council includes Delphi Digital partner José Maria Macedo.

Since February 2021, Delphi’s research arm has produced six Terra-focused publications, none of which were paid for, according to the group’s blog post. According to the report, Terra’s demise had little financial impact on Delphi Research.

Blockchain ain’t no gold chain

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Nobel Prize-winning economist Paul Krugman criticized organizations for leaping onto the blockchain hype, in a recent tweet.

People want to cash in on the new catchphrase by flacking “blockchain something.” “Blockchain vitamin supplements next?” a  Netizen joked. Other users mentioned “AI” and “cloud,” among other prominent buzzwords.

In 2017, during the height of the cryptocurrency mania, blockchain was the hottest new thing. Long Island Iced Tea Corp, a tea firm, famously changed its name to Long Blockchain, causing its stock to jump by more than 200 percent. Three people were convicted of insider trading in 2021 after buying the company’s stock before the branding.

Krugman has long been a sceptic of Bitcoin, writing an op-ed in the New York Times in 2011 titled “Golden Cyberfetters” in which he ridiculed the world’s first cryptocurrency.

The eminent American economist did not go ignoring the latest cryptocurrency market correction, which was precipitated by the demise of Terra.

Krugman claimed in a New York Times op-ed published earlier this week that the most recent bitcoin crisis is different, stating that cryptocurrency is essentially a gigantic bubble fueled by fear of missing out.

Blockchain critic takes a swipe at Bitcoin

Krugman cited “uncomfortable comparisons” between bitcoin and the subprime mortgage crisis in January.

Krugman argues that fiat currencies going “to hell” will result in a slew of additional political and societal issues that cryptocurrencies will not be able to solve.

However, proponents of cryptocurrency believe that Krugman’s views are overly narrow since he ignores recent technological advancements in the Bitcoin ecosystem.

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In a Bloomberg Wealth story, he mentions Hungarian-born billionaire Thomas Peterffy’s advice to save up to 3% of personal wealth in cryptocurrencies in case fiat money fails.

Peterffy believes that cryptocurrency prices could skyrocket to millions or plummet to zero, which is why his wager is modest. He said,

“

I think it can go to zero, and I think it can go to a million dollars.

Krugman stated in May that he had given up attempting to foresee Bitcoin’s rapid death, saying that its cult can “indefinitely” persist.

Crypto supporters, on the other hand, believe that, like in the past, the cryptocurrency business will be able to recover after a significant downturn.

Ethereum’s Core Dev Hints That the Merge Might Happen in August

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The switch to proof of stake for Ethereum could happen this summer.

Preston Van Loon, an Ethereum core developer, said on a panel at the Permissionless conference that the shift will likely come to a completion in the next three months.

“As far as we know, August, if everything goes according to plan, it just makes sense,” Van Loon added. “If we don’t have to move the difficulty bomb, let’s do it as soon as we can.”

According to a tweet from event co-host Bankless, Ethereum Foundation Justin Drake, who was also on the panel, there is a “strong desire to make this happen before the difficulty bomb in August.”

The much-awaited Ethereum merge

Ethereum core developers decided not to upgrade the network in early May to avoid the so-called “difficulty bomb,” which would soon begin to degrade the network. It’s a blockchain component that purposely slows down the network.

The idea was to push developers to pursue proof of stake while also making it difficult for miners to stay on the proof-of-work chain following the transition. This month, core developers decided not to divert their attention away from The Merge, which is now being tested.
Its successful completion would obviate the need to defuse the difficulty bomb.

Ethereum currently uses a proof-of-work mechanism, in which miners compete to solve complex puzzles in order to validate transactions. This necessitates a significant amount of computer processing power and energy.

Ethereum is meant to become more eco-friendly and efficient by switching to proof-of-stake, where transactions are authenticated by those who contribute, or “stake,” to the network.

ethereum merge
Ethereum’s Core Dev Hints That the Merge Might Happen in August 9

Proof of stake provides various advantages over proof of work in terms of keeping the network secure and decentralized. Proof-of-stake consensus should make it easier to engage in network management, allowing for more profound decentralization and increased security.

But the actual reason people are waiting for The Merge is that it is predicted to reduce ETH issuance by 90%. Less ETH in circulation implies less supply and more demand, which should push the coin’s price upward. According to CoinMarketCap data, 1 ETH is currently trading at $2,024.