The “meme” cryptocurrency Shiba Inu (SHIB) was launched in August 2020 as a parody and competitor to another meme token, Dogecoin (DOGE). The Shiba Inu name and logo refer to the Shiba Inu dog breed that appears on the DOGE logo. The coin operates on the Ethereum blockchain; in total, the developers issued 1 quadrillion SHIB tokens, a significant portion of which were subsequently burned. One of the priorities of the creators of the coin was not to spend a single dollar on the project.
#binance #Crypto2023 The South Korean government plans to introduce a bill to trace and freeze cryptocurrency assets owned by the DPRK. It is reported by Korea JoongAng Daily, citing sources.
The document is aimed at preventing the financing of Pyongyang's weapons programs and is the result of 10 months of consultations between various departments.
Glassnode experts noted the growing popularity of stETH in comparison with ETH, the demand for which is stagnating.
The shift is primarily driven by the attractiveness of stETH for building leverage versus providing liquidity in stETH-ETH pairs on DEXs.
As a result, about 7% of the supply of Ethereum actually replaced the derivative from Lido Finance (23% of the issue of the second largest capitalization is blocked in staking, 32% of this value is placed in the specified protocol). This figure continues to grow.
In August, global traffic to the ChatGPT chatbot decreased by 3.2%, to 1.43 billion visits. This is evidenced by data from the analytical company Similarweb.
Analysts have recorded a drop in ChatGPT traffic The amount of time spent on the site decreased from 8.7 to 7 minutes. At the same time, US users became more interested in the chatbot - the number of visits in August increased by 0.4%.
On September 10, an unknown user paid 1,982,108,632 satoshi ($510,750) as a commission to miners for transferring 0.074 BTC.
Will put these 20 BTC on hold for now. To be redistributed to miners if nobody comes to claim it after three days. https://t.co/GsRUnAP9jQ
— Chun (@satofishi) September 11, 2023 According to journalist Colin Wu, this is the largest payment in dollar terms for confirming a transaction to date.
At the same time, the average commission on the Bitcoin network is 0.000084 BTC ($2.18), according to BitInfoCharts.
Arkham Intelligence platform detectives were able to identify the crypto addresses of the Grayscale Bitcoin Trust (GBTC), the second largest Bitcoin (BTC) holding in the world, with more than $16 billion in BTC. Before this, people had to trust the company's public reports because they refused to disclose their addresses "for security reasons."
The value of XRP has declined in recent weeks, reflecting the overall sentiment in the crypto market. However, cryptocurrency analyst iDrag0xxx highlighted a slowdown in bearish momentum on the weekly XRP chart in a post on TradingView on September 5th. The analyst noted that whales holding XRP pushed the price to the point where the token touched the 0.78 Fibonacci level.
With a total market capitalization of $7.4 billion and a 24-hour trading volume of $682 million, gaming tokens are confidently occupying their niche in the crypto sector. Why are they gaining popularity? One of the most important factors in increasing their attractiveness is compatibility. Such tokens have a unique ability to function on different gaming platforms and in different games.
The USDT stablecoin is available on various blockchain platforms, including Solana, Avalanche, Tezos and Polkadot. However, the lion's share of this digital currency comes from the Ethereum and Tron networks.
As of September 4, 2023, statistics showed that there were approximately 42.82 billion Tether circulating on the Tron blockchain, and about 39.02 billion on Ethereum.
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The CEO of Custodia Bank believes that the next Bitcoin (BTC) halving could have a greater impact than all previous ones. In an interview with Scott Melker, Caitlin Long said she agrees with the new model proposed by digital asset investment firm Pantera Capital. Pantera's model suggests Bitcoin will reach $147,843 in early August 2025
This week, the meme cryptocurrency Dogecoin (DOGE) broke out of the overall trend into the top 10 assets by market capitalization, showing upward surges.
The world's richest man, Elon Musk, is believed to be secretly providing financial support to Dogecoin developers. Market participants believe that this factor will continue to push the price up.
Payments company Visa (NYSE:V) has expanded its USDC cross-border stablecoin pilot from Circle to include the Solana (SOL) blockchain. In addition, merchant acquirers Worldpay and Nuvei have joined the program and also support USDC payments on Solana. Press release What else is known? Visa, with its own Circle account, will begin sending USDC from its treasury to WorldPay and Nuvei, which will be able to speed up settlements for their merchants. #binance $SOL
Crypto scammers have used government websites in Brazil, Colombia, Egypt, India, Nigeria and Vietnam to lure people to a fake MetaMask site that drains victims' crypto wallets. When visiting a government website, the user is redirected to a fake MetaMask website. Users are then prompted to enter their MetaMask wallet details. #binance
Japanese electronics manufacturer Casio announced the launch of G-SHOCK digital watches in the format of non-fungible tokens on Polygon as part of a partnership with the project.
Users will be able to receive one of 15,000 NFT passes for free, which will provide access to a themed Discord channel. Token owners will take part in voting for the design of the virtual clock and, if desired, offer their own option.
By 2024, the capitalization of the metaverse industry will reach $800 billion - with a current estimate of $47 billion, the growth will be 1600%. This is evidenced by the METAV.RS report.
According to analysts, the average annual growth rate of the digital worlds market is 44.1%. According to them, metaverses are poised for “astronomical expansion” over the next decades.
Now Shiba Inu holders can get rid of tokens by sending them to one of the three "dead" addresses. During the existence of this coin destruction mechanism, 410.7 trillion SHIB were burned, worth $ 3.2 billion at the current rate. Dynamics of changes in the number of burnt Shiba Inu tokens over the past 30 days Most likely, Kusama hopes to increase demand for Shiba Inu through the use of the Shibarium blockchain.
Market makers in the cryptocurrency market faced problems after the collapse of the FTX crypto exchange, reports Bloomberg.
If earlier cryptocurrency market making was profitable, now the costs are rising, and investors are avoiding the crypto industry. According to estimates, since November last year, market maker profits have declined by an average of 20-30%.