I'm very sorry if these kinds of posts aren't allowed here 🙁 I'm just a college student trying to get some bills paid so i've launched my new business which accepts Ethereum & other forms of crypto payments such as $BTC 😁 feel free to pick yourself a neat accessory any positive feedback means the…
Read more
Despite the fact that the Bitcoin price trended down over Q1, the Block ecosystem of payment solutions with Bitcoin in mind performed well.
So after the UST/Luna fiasco, stablecoins have rightfully came under much more scrutiny. And everyone in this space knows that USDT (Tether) has long been suspected of hiding its true reserves. This morning, Tether published a report signed by an independent firm in which the reserves are estimated at just over 82 billion USD. One…
Read more
EXPERIMENT – Tracking Top 10 Cryptos Of 2021 – Month Sixteen – UP +177% Full blog post with all the tables here. January 1st, 2021, I bought $100 of following and turned it into a homemade crypto index fund: Bitcoin, Ethereum, Tether, XRP, Litecoin, Polkadot, Bitcoin Cash, Cardano, Binance Coin, and Chainlink. Below is…
Read more
Following several sessions of consolidation, ETH has finally caved in, dropping below the $2,000 floor in the process. As we move towards the end of the week bitcoin also fell for a second consecutive session, with prices falling below $29,000. Bitcoin Bitcoin dropped below the $29,000 level on Thursday, as bears continued to push prices […]
It could be “do or die” for Bitcoin bulls if BTC/USD returns under $27,000, Whalemap argues.
Binance’s BNB Chain will offer support to Terra ecosystem projects looking to migrate away from the ailing DeFi protocol.
Currently trading at 0.98275065 to 1 ETH I don't see much talk about this but isn't this a really big red flag? What do you guys think is another UST incident coming our way or am I just over-reacting and this is normal – the token should re-peg soon enough/after the merge submitted by…
Read more
A shocking amount of nearly 13 billion SHIB has already been removed from the systemic circulation supply over the past 24 hours. As tweeted by the Shiba Inu transaction tracker @Shibburn, this is because the coin is being sent to dead-end wallets. The platform also burns Shiba Inu to help keep the supply down. Most of this massive amount of SHIB was destroyed in just one hour. Related Reading | Blockchain Data Indicates $10M Worth Of Ether From The Ronin Exploit In Rotation In a tweet on May 18, Shibburn communicated that a truly astonishing 10,028,551,985 Shiba Inu tokens had been shifted to unspendable wallets in six exchanges a few hours earlier. This portion of SHIB is worth $123,551. The tweet reads; In the past hour, there have been a total of 10,028,551,985 $SHIB tokens burned and 6 transactions. An anonymous crypto wallet burned 10 billion SHIB in a single transaction. This was the largest single burn transaction for Shiba Inu so far since the burn started. The number is staggering, but the platform has made progress in containing it. For example, before the above news, the platform tweeted that about 2,677,017,916 Shib were stuck inside unspendable wallets; these took 92 transactions. Shibburn tweeted; In the past 24 hours, there have been a total of 2,677,017,916 $SHIB tokens burned and 92 transactions. Visit http://shibburn.com to view the overall total of #SHIB tokens burned, circulating supply, and more. The Shibburn project’s website reports that the burn rate of SHIB has increased by 5,189.09%. Dead-end wallets are cryptocurrency addresses that have not had any incoming or outgoing transactions in multiple years. They always contain funds, but most of them will never have any transactions. No Impact Of Burns On SHIB Price According to Shibburn, as of now, the total amount of burned Shiba Inu is 410,355,298,103,517 tokens. However, the Shiba Inu’s price has not yet caught up with the all-time high from last year, which was $0.00008845 per token in October 2021. As the circulating supply of tokens decreases, the cryptocurrency becomes inadequate, and its price is likely to rise. Whales Buy The Dip Some people are trying to remove SHIB tokens from circulation so the price will go up. But whales continue to buy SHIB tokens when the price is low and sell them later when the price goes up. Related Reading | LUNA Aftermath: Total Crypto Market More Oversold Than Black Thursday In a tweet, WhaleStats announced that a prominent Ethereum investor with the moniker “BlueWhale0073” had purchased 110,654,459,259 Shib, an equivalent of $1,313,468. On May 14, the BlueWhale0073 already made a bulk purchase an equivalent of $1,408,176 in SHIB – 109,842,128,610 meme coins. Featured image from Pixabay and the chart from Tradingview.com
FTX Stocks will allow retail investors to fund their accounts with fiat-backed stablecoins like USD Coin via the FTX US crypto exchange.
