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Shiba Inu Coin

Shiba Inu gaits into Parex Exchange in a few hours

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The Parex decentralized exchange took to its Twitter handle to announce that it will begin trading Shiba Inu starting on 20 April 2022. Parex exchange stated two days ago that it will begin accepting Shiba Inu deposits and trading on its platform on April 20. USDT will be coupled with the meme token.

Earlier this month, it was revealed that the SHIB coin had been introduced to several other exchanges around the world. Parex, on the other hand, is a decentralized cryptocurrency exchange that helps make a unique debut for the meme coin. Decentralized platforms enable transactions to take place securely utilising peer-to-peer technology without the need for a third party to act as an intermediary.

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According to Bloomberg, the launch of Parex was announced on March 23. The DRC-16 protocol was used to launch it on the myDexChain network.

The platform is distinct from previous exchanges since it includes a mineable PRX token that operates on the Proof-of-Interoperability protocol. The latter allows PRX to connect to other blockchains such as Ethereum, Polygon, Polkadot, and many more. 

Robinhood joins forces with Shiba Inu through listing

VALR, a South African digital exchange, listed the Dogecoin-killer earlier this month. Aside from that, the canine token SHIB was finally listed on the Robinhood trading app, which had been a long time coming.

According to a listing bot, the meme cryptocurrency Shiba Inu had been listed by commission-free investment platform Robinhood. Even though the corporation has yet to formally unveil a new addition to its line-up, the meme coin has now appeared on the official website.

On April 12, Robinhood welcomed Shiba Inu, as well as three more prominent altcoins: Polygon’s MATIC, Compound (COMP), and Solana (SOL) (SOL).

In early 2018, Robinhood added functionality for cryptocurrency trading, initially for Bitcoin and Ethereum. In the same year, it added Litecoin, Ethereum Classic, Bitcoin Cash, and Dogecoin to the mix. Despite the fact that the crypto industry has grown by leaps and bounds since 2018, the firm has resisted adding new coins to its platform until now.

At the time of writing, Shiba Inu (SHIB) was trading at $0.00002531 and seemed bullish with an increase of 0.35% in the last 24 hours.

Shibarium testnet draws closer; Can it propel SHIB to a new ATH?

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Shibarium, a Layer 2 scaling solution for the Shiba Inu is heading closer to launching its public beta version. This was revealed in a Twitter update by Milkshake from a recent Medium blog post, Unification Foundation, a team working on the layer2 project.

The article revealed that a public testnet of Shibarium is slated to go live within the next few months with a public beta to follow shortly thereafter.

According to the post, the Alpha TestNet version for Shibarium is currently underway which will be used for network testing and the development of all end-user engagement tools such as wallets and block explorers, token transfer bridges, etc.

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There will be some private invitations sent out to trusted testers after these have been prepared and implemented. The feedback will be used to improve and expand the network and tools before releasing a public Beta TestNet. Further the blog read,

“In continuing the foundational work to support open source projects with large utility, the Unification team continues to play a strong role in the development of the Shibarium network. Shibarium which will be the premium L2 for the Shib token community, & in partnership with the Shib Army, enabling rapid low-cost transactions optimized for gaming.”

Can Shibarium be the gamechanger for Shiba Inu?

As Shiba Inu is an ERC-20 token, the asset is plagued with high gas fees rendering it unaffordable for many newbies. With the introduction of the scaling solution Shibarium, many in the community expect it to be a gamechanger for the popular meme coin use cases.

Besides that developers are also working on an algorithmic stablecoin called SHI that will operate on both Ethereum and Shibarium. Not content with just being a meme coin, Shiba Inu has announced its plans to develop its own virtual space and world, “Shib: The Metaverse”.

Even though SHIB’s price remained flat, Whales continue to buy the dip, as data from WhaleStats revealed that SHIB blasted its way to be one of the largest holdings among the top ETH whales. This position had previously been occupied by FTT [FTX Token] for a while now.

Meanwhile, the Shibarmy is also helping the asset to grow by burning massive amounts of the coin. As per statistics by shibburn, 1.4 billion SHIB has been burned in the 24 hours. All these developments would initiate a leg up in the token’s price action.

Dogecoin and SHIB go live on AMC theatres

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It comes as a surprise to moviegoers and crypto enthusiasts that Dogecoin (DOGE) and Shiba Inu (SHIB) are being accepted for online payments at AMC theatres. This development comes a week earlier than its audience expected. Adam Aron, CEO of AMC Entertainment Holdings Inc. took to his Twitter handle, on 10 March 2022, to make the announcement. He further acknowledged BitPay, the payment gateway institution, for helping the two meme coins to be accepted.

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As reported by TWJ earlier in the week, AMC was intended to introduce functionality for the two altcoins on 19 March 2022. This support was to be added to its website and mobile application, but it comes as a surprise to everyone a week earlier than expected.

The movie theater business conducted Twitter polls to determine if it should proceed with the Dogecoin and Shiba Inu combination. Based on the clear majority of answers from the communities, Dogecoin and Shiba Inu, that were rooting for facilitating payments through the two coins, Adam Aron affirmed that his company had begun working on enabling the functionality of the altcoins.

The theater company had already been allowing its customers to pay for tickets and concessions through Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC), since November of 2021.

Dogecoin remains untethered despite AMC’s latest inclusion

The price of the crypto assets seemed to be not affected despite being listed on various platforms. The crypto market has been bearish over the past few days. It also seems like Dogecoin (DOGE) is following the market sentiment even with its latest inclusion in AMC’s payment mode. Furthermore, DOGE has been bearing a drop of 8.91% over the past week. During the time of writing, the meme coin was trading for $0.1166 with no major changes over the last 24-hours. The market cap of the asset was at $15.48 billion. This aided in the coin’s climb up the crypto ladder.

Binance offers $100,000 in SHIB tokens

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Binance, an eminent cryptocurrency exchange, has now turned to Shiba Inu (SHIB) to market its wallet. The platform touts itself as the easiest way to purchase, sell, trade, and hold SHIB.

Shiba Inu coin (SHIB) is a meme-based cryptocurrency that is named after the Shiba Inu dog breed. It was launched in 2020 as part of a collection of dog-themed cryptocurrencies by an anonymous developer named Ryoshi. It’s also known as “the doge-killer” because it’s a competitor to Elon Musk’s favorite meme coin, Dogecoin (DOGE). It’s meant to be an Ethereum-compatible counterpart to DOGE.

SHIB is an ERC-20 coin that is in the process of converting to a Proof of Stake settlement mechanism. ShibaSwap, a decentralised exchange, is at the heart of the SHIB ecosystem. It also funds an NFT art incubator, which invites dog-inspired artists from all around the world to enter the NFT market with their Shiba Inus.

The meme-coin began with a one-quadrillion-circulation supply, with its founder Ryoshi locking 50% of the token in Uniswap’s decentralised exchange to provide liquidity. Furthermore, the remaining 50% of the currency was transmitted to Ethereum co-founder Vitalik Buterin’s wallet, where the majority of it was burnt. The Shiba Inu cryptocurrency is traded on Binance under the symbol SHIB.

Binance rewards its users through different promotions

With SHIB, the exchange has introduced two promotional programs.

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Binance on Twitter

The first offer, dubbed “Promotion A” on Binance’s website, states that all new customers who enroll with Binance through their referral link will receive a share of $80,000 in Shiba Inu tokens between March 8th and March 21st, 11:59 PM (UTC).

The second promotion, titled “Promotion B,” requires participants to complete tasks to win SHIB vouchers. Users who register by clicking the [Register Now] button on the event page and trade at least 1,000 USDT equal across all applicable SHIB spot trading pairs will be qualified to win a share of the $20,000 prize money in SHIB token vouchers. However, the reward for Promotion B would be calculated accordingly;

The reward for each qualified user = (Each user’s total effective trading volume / All qualified users’ total effective trading volume) * $20,000 in SHIB token vouchers

Furthermore, the website stated a few terms and conditions to the give away. It stated that only users who finish KYC by the end of the activity session and press the [register now] button on this web page are eligible to win.

The Welcome Reward under Promotion A will be given immediately upon completing the registration. Tokens earned through Promotion A are the only ones that can be traded. It further added that within two weeks following the promotion’s completion, Promo B incentives will be distributed. At the time of writing, Shiba Inu (SHIB) was priced at $0.0000232 with a rise of 0.68% over the last 24 hours.

Shiba Inu reacts to CoinMarketCap issues

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CoinMarketCap listed three fake Shiba Inu contract addresses on their website in a quite recent update. The SHIB token team took to Twitter to announce that the three contract addresses listed on CoinMarketCap, namely Binance Smart Chain, Solana, and Terra, are all fake and that interaction with these contracts must be avoided if not the user will be at risk of irreversibly losing their funds.

The SHIB token defense team expressed their disappointment in their tweet. Supposedly, the CoinMarketCap team had refused to communicate with the SHIB team concerning the updates on the token page. Allegedly, CoinMarketCap had willingly allowed these malignant troupe to deface the ‘dogecoin killer’ token. The meme coin team explicitly showed displeasure over the lack of professionalism rendered by the crypto asset price tracking website.

Wormhole addresses for Shiba Inu

In response to the squabble, CoinMarketCap interpreted that the contract addresses are indeed wormhole addresses for the SHIB. They explained that these addresses were used to aid cross-chain transactions of wrapped versions of the altcoin.

At the moment, the reason for the listing of the alternative addresses is uncertain, but such delinquency is adversely harmful not only to the altcoin but the entire crypto society.

At the time of writing, the three wormhole addresses were still visible on CoinMarketCap, in the dropdown segment next to the SHIB token’s official ETH contract address.

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Shiba Inu reacts to CoinMarketCap issues 6

Despite the warnings given by the Shiba Inu team, there seems to be an array of transactions on each of these fake contract addresses’ chains. This indicates that quite a few investors have already sent money to these addresses, which is alarming.

In a lighter perspective, Shiba Inu has risen as the most viewed cryptocurrency of the previous year, 2021, according to CoinMarketCap. It has been enumerated by the cryptocurrency price-tracking website that there have been more than 188 million views, for the meme token, over the last 12 months. The more astonishing fact happens to be, Bitcoin (BTC), the world’s largest and most sought-after cryptocurrency had only 145 million views at the same time, which makes it the second most viewed crypto asset.

Shiba Inu remains to be eminently frivolous despite its rising idolization among holders. At the time of writing, Shiba Inu was priced at $0.00003142 with a daily drop of 1.79%.

SHIB token announces BONE as gas in Shibarium

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The Shib token network took to Twitter to confirm that BONE will be used as the primitive gas token on the Shibarium blockchain.

Shibarium is a blockchain/layer-2 solution that will work on the Ethereum program. Over time, it will function in a similar way to ETH and build its own network for the users to access. The SHIB creator said,

“The line between an L2 and own blockchain is thin, I mean what is the difference really between Matic L2 and BSC?”

Although SHIB token and LEASH have more benefits in ShibaSwap, they will not be used as the basic duo token for Shibarium. BONE will be used instead. Ryoshi said that BONE will have a fair and 0 start in which he will not have to be concerned about overshadowing whale sacks.

There is not a lot of information regarding Shibarium, but we do know that the main intent will be to reduce transaction fees for the users of the Shib token ecosystem. While speaking on the Shiba Discord, Shytoshi Kusama, the project lead said,

“Shibarium will offer low fees for every service, game or whatever that builds on it.”

Special speaker Queenie took on every query asked about SHIB Token

Shiba Inu’s official Twitter handle and Gokhshtein Media saw nearly 11,000 people present on the ShibAMA space. The guest speaker, Queenie not only answered every question thrown at her but also confirmed that BONE will be used as the native gas token on the upcomming Shibarium blockchain. She said,

“It’s purely just that the gas token you’ll be paying is BONE. So you’re not losing any SHIB along the way. You will still be able to use Leash and Bone and get all your liquidity sorted.”

Nonetheless, she also affirmed that, LEASH will be tied with the NFT segment.

Queenie refused to specify a timeline for the release date of Shibarium, she however said that it will be released as soon as possible. She further said that there will be a big surprise when entering 2022, for the Shib token community. Specifics of the surprise hasn’t been mention though. According to Queenie, BONE wont me minted completely the year 2024 and ShibaSwap 2.0 will keep it balanced.

As her footnote, Queenie expressed gratitutde to everyone present and endorsed in an optimistic attitude. She added,

“I appreciate everybody. All of the support from the community. I was extremely nervous as anyone who’s been speaking to me would know. But I’m I’m really honored to be representing the SHIB community and the team in this space. I’m just really excited for 2022. I can’t express how optimistic and passionate I am about this project. It’s just something else. Something to look forward to.”

At the time of writing, Shiba Inu was priced at 0.000034 and experienced a daily drop by 4.09%.

Susan G Komen now accepts cryptocurrency donations

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One of the biggest organizations that fight breast cancer, Susan G Komen, has declared that they will now be accepting donations in the form of cryptocurrency.

The organization broadcasted the news using their Twitter handle to state that, hereon, the charity will be accepting donations in the form of crypto assets like Bitcoin(BTC), Ethereum(ETH), and more through their successful partnership with ‘The Giving Block’, a platform that raises funds for non-profits and charities, through cryptocurrency. The donor firm accepts Bitcoin(BTC), Ethereum(ETH) and now has dinted in Shiba Inu(SHIB) and Dogecoin(DOGE). The enterprise also accepts other coins like Dogelon Mars(ELON), Decentraland(GALA), Orchid(OXT), and Civic(CVC)”.

The institution, Susan G Komen’s motive is to save lives by meeting the most critical needs in their communities and investing in breakthrough research to prevent and cure breast cancer. The organization said

“Crypto currency donations are going to provide a new avenue for donors to join our fight to save lives from #breastcancer”

“I race in memory of my sister Susan G Komen”- Nancy G brinker

The organization started with a promise made in 1980 by Nancy G. Brinker made to her sister, Susan. She promised Susan that she would do everything in her power to end breast cancer forever. In 1982, that promise gave birth to the Susan G Komen organization which marked the beginning of a global movement.

Susan Goodman Komen was a fashion model who was diagnosed with breast cancer at the age of 33. She succumbed to the disease three years after her diagnosis.

Susan G Komen is the only organization that addresses breast cancer on multiple fronts like research, community health, global outreach, and public policy initiatives to make the biggest impact against this disease.

The organization claims to have invested more than $2.9 billion in groundbreaking research, community health outreach, advocacy, and programs in more than 60 countries. Their constant efforts have helped reduce deaths from breast cancer by 40% between 1989-2016, according to a study. The organization opening its arms to donations through Cryptocurrency makes more ways to raise funds and that in turn means more lives saved.

Shiba Inu endorsements keep rolling despite its latest price slump

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Shiba Inu [SHIB] came into the crypto-verse like a hurricane. Causing immense damage to other cryptocurrencies, SHIB managed to overpower several coins over the last couple of months. The popularity of the meme coin has been on an upward trajectory. Despite the ongoing bullish cycle, SHIB continued to score listings, partnerships as well as endorsements from all across the globe. The latest listing came from Taiwan.

The crypto-verse has been booming without a hurdle which is further paving the way to more financial freedom along with the emergence of promising new assets. While the crypto industry started off with just one coin, the growth following the release of that asset was impeccable. Currently, the crypto market entails a wide range of coins.

Off late, meme coins have been gaining the most traction. Crypto platforms around the world have been onboarding Shiba Inu. Now, Taiwan’s prominent crypto platform, BitoEX decided to welcome the popular meme coin.

In a recent tweet, the crypto exchange noted that SHIB was made available to trade earlier this week. This news excited the entire SHIB Army as they witnessed the ever surging global reach of the meme coin.

Taiwan wasn’t the only region that Shiba Inu was flying to, the altcoin decided to pay a visit to South America as well.

Shiba Inu’s integration into BitPay paying off already!

The largest virtual reality club in North and South America, VR World didn’t want to miss out on the crypto fervor. The increased adoption of SHIB seems to have lured in the VR platform.

In a recent tweet, the prominent crypto payments processor, BitPay announced the integration of Shiba Inu into the virtual reality club. Revealing the reason behind their interest in crypto, the CEO of VR World, Leo Tsimmer said,

“After VR World hosted the official afterparty for NFT NYC conference last month, it became clear to us – cryptocurrency has entered everyday life. [..] As we proceed with building an entertainment continuum fusing IRL and digital offerings, we expect a cryptocurrency to play a major role in our operations. “

Despite this, the price of the altcoin remained still at $0.00003229 with almost a 5% drop over the previous 24-hours.

Bitstamp pushes Shiba Inu [SHIB] listing to 2022

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Bitstamp had earlier mentioned that it will be listing Shiba Inu [SHIB] on its exchange portal. Along with the ‘dogecoin killer’, Bitstamp is also listing DYDX, GALA, and Perpetual Protocol (PERP) cryptocurrencies.

As the wait continued for Bitstamp to list Shiba Inu, the investors of the famous meme coin grew curious. The exchange has been experiencing a lot of technical difficulties while integrating SHIB on their portal, but they seem to be redressing the issue.

Better late than never; A happy Christmas for Shiba Inu community

Bitstamp has reassured its traders that the meme coin will be listed on their portal, but it might take a while. The exchange portal has taken to Twitter to announce that the asset will be enlisted in the coming year, 2022.

Shiba Inu being listed on Bitstamp has a hefty impact as SHIB accomplished this feature in less than two years of its initiation. Bitstamp isn’t just another trading platform in the market, it is the most trusted and user-friendly application that European investors rely on. Bitstamp is the largest exchange in Europe and claims to have 4.4 billion users all over the world.

The fans of this meme coin, who call themselves the ‘SHIBARMY’ have expressed their gratitude with a tweet

“Thank you for the update, #SHIBARMY truly appreciate you support”

Shiba Inu coin was created in the year 2020, anonymously. The altcoin rapidly gained speed and value as a swarm of investors were drawn by the appealing charm of the coin. The new listing has created a rampage of excitement amongst the Shiba Inu community and has created hope for many more first-time investors.

Many other exchanges are looking to list this meme coin as it gains more value by the minute. At the time of writing, Shiba Inu was priced at $0.0000338 and had taken a plunge by 0.42% in the last 24 hours.

CoinMarketCap glitch briefly creates fake trillionaires

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Several crypto investors were ecstatic after viewing CoinMarketCap. A small glitch by the popular crypto data platform, got people believing that they were not just millionaires or billionaires but “zillionaires.”

Crypto data aggregators like CoinMarketCap and CoinGecko have been essential to the crypto-verse. An array of people go on to these platforms in order to check the prices of their desired crypto assets. However, things went haywire following a glitch in the CoinMarketCap system.

This glitch gave rise to increased confusion after the prices, ranking, and market cap of these assets appeared to be inflated. While Bitcoin [BTC], the world’s largest cryptocurrency has remained first on the list for the longest time, the newly emerging meme coin, Shiba Inu [SHIB] briefly amassed this spot.

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CoinMarketCap glitch briefly creates fake trillionaires 8

CoinMarketCap sends all the assets to the moon

The value of Shiba Inu [SHIB] hasn’t come anywhere close to a dollar, however, the revised prices on the platform shipped the meme coin’s worth to thousands. By this time, many had figured out that there was a problem with the data aggregator and therefore decided to triumph about their fake fortunes.

These prices did send everyone into a frenzy. However, CoinMarketCap decided to be witty about the whole incident. The platform took to Twitter and said,

“How did it feel to be a trillionaire for a couple hours?😂”

Prominent cryptocurrency exchange, Coinbase also experienced something similar. Addressing the situation, the exchange affirmed that the prices displayed had no impact on trading. The tweet read,

“We’re aware some customers are seeing inflated values for non-tradable crypto assets on Coinbase.com and Coinbase Wallet. This is a display issue only and does not impact trading.”

While Coinbase managed to resolve the issue, CoinMarketCap was still encountering issues. Earlier today, the price of Bitcoin was displayed as being down by 99%.

This glitch was resolved as the prices of crypto assets on the platform seemed to be normal, at the time of writing. Yet, the whole incident paved the way for a wide range of speculations. Many from the crypto community noted that the inflated price displayed on the platform could be the actual price of the assets a couple of years later.

Despite encountering this glitch, none of the platforms revealed the reason behind the same.