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Single Wallets Burns 36 Million Shiba Inu

Zabi
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Single Wallets Burns 36 Million Shiba Inu

Shiba Inu’s Burn Rate Skyrockets: 40.59 Million Shiba Inu Burned in the Past 24 Hours, 36.24 Million in a Single Transaction.



SHIB Burn Rate surged 352.45% as one of the Community-led burn initiatives burned 36.24 Million Shiba Inu (SHIB) in a single transaction. Overall, Shiba Inu Community destroyed 40.59 Million Shiba Inu in the past 24 hours.

Travis Johnson’s SHIB Super Store burned the most Shiba Inu tokens in the past 24 hours and is recognized as the “Top Shib Burner of the Day.” This biggest burn in a single transaction causes Shiba Inu’s burn rate to spike 352.45% over the last day.

Shib Burn Rate Surges 352 Over the Last Day 1
Shib Burn Rate Surges 352 Over the Last Day 1

SHIB Super Store Burned 36.24 Million SHIB in a Single Transaction in the Past 24 Hours:

The individual SHIB Burn Project tagged “SHIB Super Store” sent a staggering 36,247,023 (36.24M) SHIB to the “inferno” addresses in one robust transaction using SHIB Burn Portal.

 

SHIB Super Store uses various methods to reduce the gigantic supply of Shib like Games, Merchandise, Amazon Affiliate Program, MEXC Affiliate, Upside Affiliate, and Fiver Affiliate.

Top Derivative Exchange Bitmex To List Shiba Inu

Zabi
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Top Derivative Exchange Bitmex To List Shiba Inu

Seychelles-based cryptocurrency exchanges BitMEX to list Shiba Inu (SHIB) and five other cryptocurrencies very soon.


BitMEX, one of the world’s leading cryptocurrency derivatives exchanges, recently announced that it would add support to the following six cryptocurrencies on its platform later this week: Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), Cronos (CRO), Decentraland (MANA), FTX Token (FTT), and The Sandbox (SAND).

The listing will enable BitMEX users to deposit and withdraw all the aforementioned cryptocurrencies via their BitMEX wallet.

Furthermore, the world’s leading exchange also notified its users about the minimum withdraw/deposit limit. The minimum amount users can withdraw/deposit is 800,000 SHIB, 0.0004 WBTC, 10 MANA, 10 SAND, 0.37 FTT, and 90 CRO.

Founded in 2014, BitMEX is a leading derivative crypto-products trading platform. The exchange currently supports trading for 20+ cryptocurrencies. In addition, the Seychelles-based cryptocurrency exchange allows its users to instantly convert all the listed cryptocurrencies into USDC (ERC-20) or USDT and vice versa with no hidden fees and fear of slippage.

According to CoinMarketCap, BitMEX is the world’s 31st biggest cryptocurrency exchange based on Daily trading volume. As per the data provided by CoinMarketCap, the platform users have exchanged hands with $178,200 in digital assets in the past 24 hours.

You Can Now Buy Shiba Inu (SHIB) on BitPay Using Prepaid Debit Card

Lele Jima
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You Can Now Buy Shiba Inu (SHIB) on BitPay Using Prepaid Debit Card

BitPay has made buying Shiba Inu easy for everyone. 

Shiba Inu (SHIB) is currently one of the most popular cryptocurrencies in existence. The cryptocurrency, which was initially launched as a memecoin, has evolved into a digital currency with amazing use cases. 

At the moment, Shiba Inu has a play-to-earn game, metaverse, decentralized exchange, etc. These amazing projects that make up the ecosystem of Shiba Inu have continued to fuel interest in the asset class. 

Many investors are looking for ways to have SHIB among their cryptocurrency holdings because the price of the crypto asset is expected to rally soon. 

How to Buy Shiba Inu 

For most people, the suitable way to purchase SHIB is to swap other cryptocurrencies for Shiba Inu on crypto exchanges that support the asset class. This method is suitable for those who are familiar with how crypto exchanges work. 

BitPay, a leading cryptocurrency payment provider, recently rolled out a solution for people to easily buy Shiba Inu using their prepaid debit card. 

“If you’re looking for a safe and simple way to buy [SHIB] with a prepaid debit card, you’re in luck. There are several flexible and convenient options for adding to your crypto holdings using a prepaid Visa or Mastercard through BitPay,” the payment provider said in a statement. 

Steps to Buy Shiba Inu Using Prepaid Card 

The steps to purchasing the canine-themed cryptocurrency have been made easy and convenient by the BitPay team, regardless of one’s level of crypto knowledge.

Potential or existing Shiba Inu investors can purchase SHIB using their prepaid Visa or Mastercard via the steps below. 

Download BitPay App 

The official BitPay app is the platform where the transaction will take place. The BitPay app is available on Android, iOS, Windows, Linux, and Mac. Ensure you download the mobile application directly from the official mobile store, while the PC version can be downloaded directly from the BitPay website. After successfully downloading and installing the BitPay app, create an account on the platform. 

Click “Buy Crypto” 

On the main menu, click the “buy crypto” option to purchase Shiba Inu. Select Shiba Inu from the list of available cryptocurrencies supported on the BitPay platform. 

Enter the Amount 

After selecting Shiba Inu, you will be required to enter the amount of fiat you want to spend in exchange for the SHIB tokens. BitPay supports over 40 fiat currencies, including USD, EUR, GBP, and CAD. You can select your favorite fiat from the list and click on continue. 

Choose Your Payment Method 

In this section, you will be required to select your preferred payment method, including a debit or credit card.  

View Your Offers 

BitPay will bring a list of Shiba Inu offers from top crypto trading platforms like Simplex and Wyre. Evaluate the available offers and select the best option. It is noteworthy that the offers do not include any extra fees or markup charges. 

 

Lowest Ever Shiba Inu Weekly Burn Recorded Since Shib Burn Portal Launch

Zabi
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Lowest Ever Shiba Inu Weekly Burn Recorded Since Shib Burn Portal Launch

Lowest Ever Shiba Inu Weekly Burn Recorded: Over 108.61 Million Burned in the Past 7 Days.



Lowest-ever Weekly Shiba Inu Burn recorded since the launch of Shib Burn Portal. Over 108.61 Million Shiba Inu have been destroyed in the past seven days.

The well-known Shib burns tracking website, Shibburn.com, recently released a weekly burn figure for Shiba Inu and reported that the world’s most popular canine-themed cryptocurrency recorded a lowest-ever Weekly Shib burn figure of 108,611,459 (108.61M) Shib via 34 separate transactions in the last seven days.

The official Shib burn Portal was launched on April 23rd, 2022, in collaboration with Ryoshis Vision to encourage the most authentic Shib burn projects through rewards. Shiba Inu’s team allocated Ryoshis Vision (RYOSHI) as a Shib Burn Reward token. Since its launch, Shiba Inu Community sent a herculean 64,019,139,294 (64.01B) SHIB to the dead wallet while executing thousands of transactions.

64 Billion Shiba Inu Burned since Shib Burn Portals Launch
64 Billion Shiba Inu Burned since Shib Burn Portals Launch

Moreover, Shiba Inu’s burn volume continues to plunge since Shiba Inu’s team allocated 5% of Shiba Eternity’s profit to burn SHIB. The Community might prefer spending the Shib on game, there rather than simply locking them in dead wallets.

Critics Slam Kusama Over Shiba Eternity, Ask Him To Step Down

Mark Brennan
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Critics Slam Kusama Over Shiba Eternity, Ask Him To Step Down

Critics Slam Kusama Despite His Immense Contributions Towards Shiba Inu Growth.


The Shiba Inu team has been working relentlessly to release useful features for the ecosystem. While the team’s efforts are largely commended, critics still do not think Shiba Inu is putting much effort into making the project successful. 

Kusama on Discord said he has been receiving criticism over Shiba Eternity, and some people call him a scammer.

“A fudder got to me, and I want to explain why it hurt. It’s fine if you don’t want to play the game, but to hear people still call me a scammer after I have put my heart, soul, and time into this project is bewildering,” Kusama said. 

He added that critics had asked him to “step down” from leading Shiba Inu’s development.

“People say I should step down, and I say they should step up.

I am only trying to build a structure we can all use, and it’s proven to be tricky, difficult, taxing, and dangerous,” he added.

haters call shiba lead developer to step down
haters call shib lead developer to step down

Critics are everywhere, and they have a very simple task to criticize others sitting in front of their laptops or with mobile in hands while building nothing. Any person committed to a project and serving it with sincerity always gets hurt when criticized uselessly.

In our opinion, So far, there is no doubt Shib team has shown an extreme level of attachment and devotion to Shiba Inu. They are far above Doge, Babydoge, Floki, and other coins in building their ecosystem. Under the leadership of Kusama, if the team carried on constructive momentum, they would surely excel extremely fast than many other crypto projects.

Shiba Inu Team to Release How To Play Shiba Eternity Guide

Mark Brennan
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Shiba Inu Team to Release How To Play Shiba Eternity Guide

The team wants to make Shiba Eternity easy for everyone.


Shiba Inu’s much-anticipated P2E game, Shiba Eternity, had a smooth global launch as expected, with many downloads and positive ratings recorded a few days after its rollout.

Shiba Eternity is currently ranked among the top card games on Android and iOS stores, with over 4.7 ratings on both platforms.

While many gamers believe Shiba Eternity is the best card collectible game (CCG), other people still find it difficult to play.

Shiba Eternity Players’ Guide

In light of this, the Shiba Inu team led by Shytoshi Kusama is planning to release a game guide for Shiba Eternity to make gameplay easier for everyone.

According to the pseudonymous Shiba Inu lead developer, the upcoming players’ guide for Shiba Eternity is already complete. However, the team in charge of the project is currently making the necessary corrections to ensure it is mistake-free. 

Notably, the team will add a search feature to the guide, thus making it easy for players to search the content. 

“For those of you who found the game a bit confusing, don’t worry the ‘players guide’ is complete and getting polished before release. It will be searchable,” Kusama announced on Discord yesterday.   

Kusama added that the guide would be released within 48 to 72 hours.

Image Source: Twitter

According to Kusama, the upcoming guide will contain details about how people can play the game. It will also explain the relevant features of the game, especially the cards and other memes, Kusama added. 

While Shiba Eternity is currently available in all parts of the world, the game is mostly played in five countries: the U.S., India, Turkey, Iran, and Japan.

How to play Shiba Eternity
How to play Shiba Eternity

Image source: Twitter

Huge Breakout Coming? As Ethereum Surpasses Previous Network Highest Growth Day Of 2022

Mark Brennan
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Huge Breakout Coming? As Ethereum Surpasses Previous Network Highest Growth Day Of 2022

 

Ethereum saw a surge in the number of new addresses created on Saturday.


A tweet by on-chain analytics firm Santiment Feed on Sunday disclosed that 135,780 new Ethereum addresses had been created on Saturday, surpassing the previous high of Jan 3rd by 11.1%.

According to Santiment, it will be unsurprising to see a price breakout following this surge.

“Ethereum saw a surge of new addresses created Saturday, with 135,780 new $ETH addresses popping up on the network,” Santiment tweeted. “This is 11.1% more network growth than the next highest of 2022 (Jan 3rd). Utility rises commonly foreshadow potential asset breakouts.”

Ethereum 135K new addresses in one day
Image Source: https://twitter.com/santimentfeed/status/1579186559483772928

While Santiment fails to explain the spike, users in the comment speculate that it may be due to the XEN crypto launch on the Ethereum network. The latest crypto project on Ethereum has attracted a lot of attention, with over 100k wallets minting the token. Notably, XEN currently accounts for over 40% of Ethereum’s gas consumption, according to data from Etherscan.

It bears mentioning that post-Merge, the Ethereum network has been unable to deliver on its promise to become deflationary. Notably, this has been widely due to the decreasing transactions in the bear market, leaving network inflation at about 0.21%. However, since the XEN launch on Saturday, this figure has declined and sits at about 0.13%.

XEN is a crypto project with no initial supply and no supply cap. It runs on a proof of participation consensus mechanism and allows users to mint tokens by paying gas fees alone.

Ethereum is currently trading at the $1,315.97 price point, about 2% up in the last seven days. The asset has been under selling pressure in recent weeks with increased inflow to exchanges. IntoTheBlock insights show that holders sent an additional $216 million worth of Ethereum to exchanges last week.

Cardano Founder Says “XRP Lawsuit Shouldn’t Have Happened,” Ripple Chairman Agrees

Lele Jima
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0
Cardano Founder Says “XRP Lawsuit Shouldn’t Have Happened,” Ripple Chairman Agrees

Hoskinson supports Ripple, but XRP holders think it’s too late.



Members of the Ripple community have continued to lash out at Cardano founder Charles Hoskinson for saying they formulated a “ Grand conspiracy” about a former SEC internal staff and Ethereum officials. Hoskinson’s comment incurred the full wrath of XRP holders against him. 

Reacting to the development, the Cardano exec said it does not matter whether there was a conspiracy between Ethereum and the internal SEC staff. 

“I explained how we got here and how we need to get out [in the podcast],” Hoskinson said.  

Hoskinson added that the lawsuit between the SEC and Ripple should not have happened in the first place if there had been regulatory clarity for the United States’ cryptocurrency industry.

According to the prominent cryptocurrency entrepreneur, the SEC’s “regulation by enforcement” approach is bad business for everyone.

Hoskinson said: “Conspiracy or not; my point is that it doesn’t matter. I explained how we got here and how we needed to get out. The entire XRP affair shouldn’t have happened. It’s bad for the industry, and regulation through enforcement doesn’t so any good for anyone.”

 

Ripple Community Still Angry 

Meanwhile, Hoskinson’s latest statement did not move many Ripple enthusiasts. Many XRP supporters still took the time to blast the Cardano boss again over his previous statement and his latest tweet. 

A popular XRP influencer who goes by the pseudonym “Crypto Eri” was among those still angry with Hoskinson. Commenting on Hoskinson’s latest tweet, Crypto Eri said: 

“It does matter. Very much. Your very point is appalling. Wow, I’m quite shocked. I had you for a different person. So when they come after Cardano and ADA, backed by corruption, criminal behavior, and lies, I’ll remember… It doesn’t matter.”  

Other XRP enthusiasts also put Hoskinson on blast.

@tanya_fallon said: “It do matter….For the whole crypto market and a fair playing field for everyone in the space.”

@cryptosquid77 said: “Before you make the “conspiracy” statement, you should take some time and research the evidence. If you cared about “crypto” you would be concerned and it “should” matter. Such a shame.. I thought you were a good guy.”

@bobbyxrp1 writes: “Kind of starting to think you might have had a hand in this eth gate business now.”

Ripple Chairman Backs Hoskinson

While most XRP supporters are angry with Hoskinson, Ripple co-founder and chairman Chris Larsen threw his weight behind the Cardano boss.

Larsen noted that he agrees with Hoskinson on the “larger point at hand,” which borders on the absence of clearer cryptocurrency regulation.

“I agree with IOHK_Charles on the larger point at hand – there is no regulatory clarity on how to classify and use crypto in the US,” Larsen said.

According to the Ripple Chairman, the Securities and Exchange Commission uses the regulation by enforcement tactic to bring all digital currencies under its jurisdiction, which has continued to be a problem for everyone in the industry.

Larsen also took time to commend Hoskinson for his generous contributions in the crypto sector, especially his efforts towards pushing for friendly climate initiatives for Bitcoin.

Terra Classic USD (USTC) Spikes In Response To New Re-Peg Proposal By LUNC Core Developer

Mark Brennan
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Terra Classic USD (USTC) Spikes In Response To New Re-Peg Proposal By LUNC Core Developer

Following Zaradar’s USTC re-peg proposal, USTC has seen double-digit percentage gains.



TerraClassicUSD (USTC) has surged in the last 24 hours following the release of the long-awaited USTC re-peg proposal by Terra Classic core developer Tobias Andersen AKA Zaradar, on Sunday.

At press time, the defunct USD stablecoin, which collapsed in May, is up 13.49% in the last 24 hours, trading at $0.03311, still far from the dollar mark. Notably, the token’s market cap has also grown by over 14%, adding about $50 million, while the trading volume has surged by over 700%, now at about $76.7 million.

Zaradar’s USTC Re-Peg Proposal

The USTC re-peg proposal by Zaradar is finally here. Notably, the core developer has opted to follow the path of Quantitative Tightening in his proposal to see the defunct stablecoin recover its dollar peg.

In addition to tax burns and increased interest rates on staking rewards, the developer proposes to recapitalize USTC by adding new features like “partitioned pools” and eventually re-enabling swaps with improved safeguards against volatility. These partitioned pools will allow startups on the network to issue new tokens to be used for commercial activity in the pool.

Notably, these pools are capitalized with Terra Luna Classic (LUNC), while bi-directional swaps with USTC will enable these “commodity tokens” to exit the pool. It bears mentioning that some details are not clear in the proposal. For example, the author often notes that a host of features will need to be implemented to allow for network growth, ensure economic stability, allow for better capital controls, etc., to attract the needed capital. However, these new features are not stated.

Zaradar has said more details will be given in follow-up interviews, even as the community looks at hosting an Ask Me Anything (AMA) session.

Responses To The Proposal

Notably, Vegas, one of the most influential voices in the Terra Classic community and one of its developers, has thrown his weight fully behind the proposal by Zaradar. According to the developer, the plan by Zaradar does not sacrifice the LUNC community.

Meanwhile, Alex Forshaw, the author of a competing re-peg proposal that faced a lot of resistance within the community for initially wanting to mint more LUNC, noted that Zaradar had allowed him to comment on the proposal. According to Forshaw, some things remain vague. However, the developer believes Zaradar should be allowed to shed more light on these things in follow-up interviews.

On the other hand, Classy Crypto, one of the community’s biggest influencers, described it as the best re-peg proposal he has read.

It bears mentioning that last week, Forshaw and Zaradar were engaged in a heated online debate over whether or not it was justified to mint more LUNC to re-peg USTC.

Over 70M Ripple (XRP) On the Move As XRP Price Soars

Lele Jima
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0
Over 70M Ripple (XRP) On the Move As XRP Price Soars

Ripple whale investors continue to move large volumes of XRP. 

As the price of XRP continues to rally, huge amounts of the crypto asset have been shuffled by whale investors in the past 24 hours. These transactions were monitored and reported by cryptocurrency whale tracking service, Whale Alert. 

According to Whale Alert data, a total of 70,339,320 million (70.33 million) XRP have been transferred between the Bitstamp cryptocurrency exchange and different unknown wallets over the past 24 hours. At the current exchange rate of $0.52, the funds were worth around $36.57 million. 

Details of the Transaction 

Whale Alert tracked the movement of 25 million XRP from an unknown wallet to one of Ripple’s official On-Demand Liquidity (ODL) partners, Bitstamp. The fund was valued at around $12.88 million at the time of the transaction. 

In a similar development, 20 million XRP ($10.33 million) were also transferred to Bitstamp from an unnamed cryptocurrency wallet. 

A few minutes later, a total of 25,339,320 (25.33 million) XRP worth $13.13 million were sent to an unknown wallet from an address on the Bitstamp exchange. 

XRP Gains Momentum 

The development comes amid a surge in the value of XRP. The cryptocurrency has been flashing bullish signals since Ripple publicly filed its summary judgment motion in a lawsuit against the Securities and Exchange Commission. XRP is currently trading at $0.52, up 8% in the past 24 hours. 

 

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