Popular meme coin Shiba Inu (SHIB) recorded two all-time highs (ATH) in 2021. Still, the amount of SHIB held in exchanges responded to these highs in opposite directions, according to data from Glassnode. Despite its success throughout 2021, SHIB has been following a downtrend for a year. According to CryptoSlate data, SHIB fell 15.36% in…
Trading has halted on Twitter as Elon Musk has reportedly reissued his original offer of $54.20 per share to buy the company. The stock was up 12% on the day before trading was halted. Musk had discussed adding the capability for users to pay for Twitter’s premium service, Twitter Blue, using Dogecoin prior to the…
The biggest news in the cryptoverse for Sept. 5 includes Binance ceasing support for USDC, Michale Saylor calling Bitcoin Lightning Network the most important technology and FatManTerra tricking his followers with a fake investment scheme. CryptoSlate Top Stories Binance will stop supporting USDC, certain other stablecoins by Sept. 29 Binance will reportedly cease support for…
Since the start of September, 329.8 million Shiba Inu tokens have been burned, according to shiba-burn-tracker.com. Shiba Inu tokens are burned on multiple occasions daily to tackle the issue of oversupply. Over the last 30 days, the most significant daily burn totaled 455,699,414 SHIB on Aug. 31. Why burn Shiba Inu? Shiba Inu’s initial supply…
Dogecoin Foundation board member Jens Wiechers rubbished claims that Dogechain is an affiliated product, saying “paid media” have disseminated false information that the two are connected. This follows an earlier tweet from Dogecoin developer @cb_doge, who posted that Dogechain is “another knockoff token,” while giving DOGE holders the heads up on influencers promoting the project….
Elon Musk revealed a new use for Dogecoin — paying for rides at the Boring Company, which operates a network of underground tunnels in Las Vegas. The meme coin is often accused of lacking utility, a point refuted by the newly created Dogepedia, which said DOGE “is money” thanks to its low fees and “speed…
Speculation is mounting that Shiba Inu founder Ryoshi is behind the new crypto project Dejitaru Tsuka, The Express reported on August 1. Is the Shiba Inu founder back? The anonymous founder of Shiba Inu deleted his social media and Medium posts on May 30, which sparked concerns over the future of the meme coin at…
Product Lead at the Dogecoin Foundation Timothy Stebbing announced a new tool in “the war against Dogecoin FUD” – Dogepedia. Stebbing’s recommended action when encountering fear, uncertainty, and doubt is to refer the fudster to Dogepedia and inflict “9999 emotional damage” on the guilty party. Hey #dogecoin, there’s a new weapon in the war against…
Shiba Inu’s team announced the coming of the new SHIB Burn Visa card on July 25, which burns SHIB while making payments. The announcement was made through Shiba Inu’s burn tracker Twitter account, @shibburn. The three-second announcement video only showed an orange-colored Visa card with SB initials, with the slogan “Make Payments, Burn SHIB.” Shibburn…
Tesla released its Q2 2022 financial report on July 20, which showed the company had sold 75% of its Bitcoin holdings, netting $936 million in the process. “As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency. Conversions in Q2 added $936M of cash to our balance…