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Users Can Now Swap Shiba Inu For Different Cryptocurrencies On Other Chains Using New Komodo Shib DEX

Mark Brennan
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Users Can Now Swap Shiba Inu For Different Cryptocurrencies On Other Chains Using New Komodo Shib DEX

You Can Now Swap Shiba Inu (SHIB) Native Tokens For Other Cryptocurrencies Using New Shiba DEX. 


 

A new decentralized exchange (DEX) has been launched enabling users to trade Shiba Inu ecosystem tokens for other cryptocurrencies based on different blockchains. 

Launched by blockchain protocol Komodo, the trading platform dubbed ShibaDEX runs on AtomicDEX instead of being hosted on a single network like Ethereum and Binance Smart Chain (BSC). 

According to Kadan Stadelmann, Komodo’s CTO, the DEX serves as a link to all Shiba Inu ecosystem tokens, including BONE, SHIB and LEASH, and other top memecoins like Dogecoin (DOGE), Baby Doge Coin (BABYDOGE) etc. 

“ShibaDEX is also a bridge linking Shiba Inu to blockchain communities outside of the Shiba Inu sphere and into the wider crypto metaverse,” Stadelmann added. 

Some of the tokens Shiba Inu enthusiasts can exchange the project’s native cryptocurrency to include Binance Coin (BNB), Bitcoin (BTC), Ethereum, etc. 

The exchange writes:

“Users can store and trade SHIB (ERC-20 and BEP-20 versions), LEASH, BONE, and more from the non-custodial ShibaDEX wallet. ShibaDEX users can trade SHIB with BTC, ETH, BNB, MATIC, and many other assets natively across their respective blockchains.”

Aside from swapping Shiba Inu ecosystem cryptocurrencies for other memecoins on ShibaDEX, users can store their tokens using the non-custodial wallet on the exchange. 

Komodo Mitigating DEX Challenges

Despite decentralized exchanges having lots of benefits, including keeping users’ activities anonymous, these trading platforms are also associated with numerous downsides. 

On several occasions, DEX users suffer impermanent loss (IL), and rug pull, a form of cryptocurrency heist carried out by the token’s rogue developers. 

In a bid to save users from these risks, ShibaDEX developers chose to launch the exchange on Atomic, allowing traders to swap their Shiba Inu ecosystem tokens for other cryptocurrencies based on other networks via a decentralized order book. 

Las Vegas Poker Player Charged For Swindling New Crypto Trader Worth $500,000 in Bitcoin (BTC)

Albert Brown
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Las Vegas Poker Player Charged For Swindling New Crypto Trader Worth $500,000 in Bitcoin (BTC)

Las Vegas Poker Player Charged For Swindling New Crypto Trader.



A crypto scammer has been charged for swindling a new cryptocurrency trader to the tune of $500,000 worth of BTC, which authorities described as a complex Bitcoin scam. 

The Las Vegas Review-Journal reports that a 23-year-old scammer named Fillippos Liakounakos stole half a million worth of BTC from the victim by claiming to be a Bitcoin exchanger. 

 

Beginning of the Case

According to the victim, the scammer who he met on Telegram, promised to give him cash in exchange for the cryptocurrency $500,000 BTC, including a $50,000 fee. 

Excited by the offer, the victim immediately transferred the Bitcoins to the seller while expecting the cash equivalent the following day. 

The unsuspecting victim had no knowledge that the scammer presented hoax documents to him, in order to prevent being tracked by authorities. 

The following day, the victim contacted the imposter requesting for the cash, but the individual that responded did not know anything about the transaction, as his details were only used by the scammer to swindle the victim. 

Efforts to Apprehend Liakounakos

After discovering that he had been the victim of a Bitcoin scam, the trader lodged a complaint at the Las Vegas Internet Crime Complaint Center in November 2020. 

Following his complaints, the authorities commenced an investigation into the matter, including analyzing details of the Bitcoin transaction.  

“I reviewed the transaction on the public blockchain and observed the BTC (bitcoin) being moved rapidly in what is commonly known as “peeling” to obfuscate where the BTC was going,” a detective wrote. 

Efforts to identify the scammer did not yield positive results. However, luck ran out of Liakounakos after he contacted the victim again, proposing to help him convert $999,900 Bitcoin to cash, a move that enabled the victim to obtain the criminal’s email.  

The victim hurriedly notified the authorities and the email allowed the police to launch a variety of search warrants that resulted in the identification of Liakounakos, and he was subsequently arrested. 

Liakounakos will appear before a Las Vegas court today. 

Stakers Pledge Over 100,000 Ethereum To ETH 2.0 ( Consensus Layer) Staking Contract in One Week

Lele Jima
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Stakers Pledge Over 100,000 Ethereum To ETH 2.0 ( Consensus Layer) Staking Contract in One Week

Stakers Pledge Over 100,000 ETH to consensus layer. 



The Ethereum community is still committing large amounts of the cryptocurrency to the ETH 2.0 staking contract, since the initiative was launched in November 2020. 

Per the data published by multi-crypto data platform Tokenview, a total of 101,232 ETH worth $344.29 million were added to the Ethereum 2.0 staking contract in nearly a week. 

“According to Tokenview, the balance of consensus layer ( Eth2)  Deposit Contract is 10,800,210THETH. 101,232 ETH were added in a week. The number of transactions is 188,312,” Tokenview tweeted today. 

Massive Growth of ETH 2.0 Staking Contract

Following the addition of 101,232 Ethereum to the cryptocurrency’s 2.0 staking contract, the address now holds a whopping 10,823,650 ETH valued at $36.81 billion. 

It is worth noting that the landmark figure was recorded barely 15 months after the Ethereum 2.0 staking initiative was launched. 

Recall that the ETH 2.0 contract, which required 524,000 ETH deposits before the rollout of Ethereum v2 phase 0, had a slow start with the little amount of the second-largest cryptocurrency contributed in the early stages. 

However, deposits gained momentum, as the 524,000 ETH requirement was oversubscribed by 400% a few days before the launch. 

Despite Ethereums’ contribution to the staking contract being inaccessible until the official launch of the 2.0 upgrade, contributors have continued to deposit large volumes of ETH.  

The reason for this commitment is large because stakers who make deposits to the staking contract will earn 4.81% in annual rewards. 

Ethereum 2.0 Edges Closer to Launch

The contract was launched as part of an effort to transition Ethereum from a Proof-of-Work (PoW) mechanism to a Proof-of-Stake (PoS) algorithm. 

Ethereum developers opted for the PoS algorithm over the PoW because the latter is associated with slower and more expensive transactions, with fees soaring above $250 per transaction on certain occasions. 

So far, significant efforts have been launched toward the full rollout of Ethereum 2.0 and the long-anticipated upgrade is currently in the “Kintsugi testnet.” 

Over 404.39M Shiba Inu Burnt Within 24 Hours; Newly Emerged Token Claim The Burn

Zabi
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Over 404.39M Shiba Inu Burnt Within 24 Hours; Newly Emerged Token Claim The Burn

Over 404.39M Shiba Inu (SHIB) Tokens Burnt Within the Past 24 Hours; Newly Emerged Token ETH SHIBA Claimed the Biggest Burn Share.


 

Over 404.39 million Shiba Inu (SHIB) tokens have been sent to the dead wallet and are taken out of circulation forever in 5 transactions within the period of the last 24 hours.

As per a recent tweet from the SHIB burn tracking website, Shibburn.com, community-led initiatives have been able to burn a total of 404,393,504 (404.39M) SHIB in the past 24 hours with 5 transactions.

Out of such a massive burn in 1 day, ETH SHIBA, a new token supporting SHIB burn, has acclaimed the most significant share of burning, i.e., a whopping 400,603,675 (400.60M) SHIB via its recent tweet.

ETH SHIBA reportedly has organized a weekly burn event on Tuesday (29th March 2022). Through this event, the team behind the newly emerged token have sent 400,603,675 SHIB to the dead wallet. Shibburn.com has also verified the transaction.

The ETH SHIBA claims that the token fulfills its promise of burning SHIB. Since its launch (20 days ago), the token has been able to burn a whopping 1,526,309,086 (1.52B) SHIB.

Soon after the Weekly burn event, ETH SHIBA disclosed a major announcement to its holders and followers to make the project more trustworthy.

The newly emerged token declared that it would be listed on its first CEX listing in the coming days. However, the name of CEX is not disclosed by the team yet but provided a hint that the CEX on which ETH SHIBA is going to list is among one of the top 100 listed on CoinMarketCap (CMC). The team will reportedly come up with the formal announcement on 31st MARCH 2022.

Readers should note that ETH SHIBA has no official relation with Shiba Inu (SHIB) token itself and has no more importance than a project which is on the mission to accelerate the burning rate of SHIB per day. Therefore, investors should have to do their research (DYOR).

On the other hand, Ethereum Whales are accumulating SHIB tokens aggressively. In the last 24 hours, over 622.05 billion SHIB tokens worth $16.72 million have been accumulated by three top Ethereum (ETH) whales in a total of 4 transactions.

Dogecoin Founder Says Calling Out Scammers Leads To Death Threats Amid Rug Pull of Famous YouTuber Token

Mark Brennan
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Dogecoin Founder Says Calling Out Scammers Leads To Death Threats Amid Rug Pull of Famous YouTuber Token

Dogecoin Founder Speaks On the Dangers of Calling Out Scammers Amid Rug Pull of Famous YouTuber Token.



Dogecoin (DOGE) pseudonymous founder and developer Shibetoshi Nakamoto has stated that there is a huge risk associated with calling out scammers. 

According to the Dogecoin founder, the act of informing the cryptocurrency community about scammers and their plots usually leads to the death and harassment of the informant. 

“I don’t enjoy calling out scammers. Calling out scammers leads to harassment and death threats. always. because evil is evil,” the Dogecoin founder said. 

 

Dogecoin Founder Calls Out YouTuber

His comment comes a week after he called out popular YouTuber Matt Wallace on popular microblogging platform Twitter for trying to create an “illicit” token for the Dogecoin project, in a bid to lure Dogecoin enthusiasts. 

Commenting on his latest effort to call out the popular YouTuber on Twitter, the Dogecoin creator noted that he had to take the risk because the reputation of the popular memecoin was on the line. 

“[…] But in this case, Dogecoin’s reputation was on the line. If community members didn’t take action, this disaster would have been named Accept Doge,” the pseudonymous creator of Dogecoin added. 

He went further to appreciate every member of the Dogecoin community who thought it necessary to air their voices against Wallace and his team because not putting in the effort could have given a bad name to DOGE and possibly cause its value to plunge. 

How It All Started

Recall that the issue of calling out scammers started last week after Wallace noted that he would be collaborating with other crypto enthusiasts who had questionable characters to enlighten businesses globally about the benefits of accepting DOGE payments. 

Wallace added that the team plans on raising funds by creating a new token dubbed “Accept DOGE,” which will be used to fund different campaigns. 

However, the Dogecoin creator did not feel comfortable with the idea, as he requested that Wallace should not abuse the DOGE trademark by launching any new token under the guise of helping the memecoin community. 

He further threatened legal action against Wallace and his team members, thus prompting the Dogecoin enthusiasts to change the name of the token to Accept Cryptocurrency (ACEPT). 

Meanwhile, in the early hours of today, the ACEPT token’s value is down over 99%, suggesting a rug pull had been carried out on the project.

Is Something Big Coming? Top Ethereum Whales Bought Over 622 Billion Shiba Inu In 24 Hours

Zabi
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Is Something Big Coming? Top Ethereum Whales Bought Over 622 Billion Shiba Inu In 24 Hours

A massive Shiba Inu accumulation is ongoing as a result of the upcoming march 30th shiba inu team announcement.



Over 622.05 billion SHIB tokens worth $16.72 million have been accumulated by three top Ethereum (ETH) whales in a total of 4 transactions within the last 24 hours.

Top Ethereum Whales rushed to accumulate Shiba Inu (SHIB) tokens aggressively as SHIB managed to make a bullish pattern by forming a new high in the 4-hour chart.

By looking at the chart technically, we can find that the SHIB price jumped from its $0.00002167 support level to $0.00002544 and then retraced back to $0.00002232 (the previous resistance level now turned to support).  Later making ascending triangle pattern, the price manages to break above the $0.00002544 level (previous high) and accelerate to print a new high, i.e., $0.00002966, confirming a bullish pattern.

shib busd

After a bullish pattern, top ETH whales became active and prepared themselves for a new leg higher in the coming days or weeks.

As per data provided by WhaleStats, three top Ethereum whales have accumulated a total of 622,057,973,583 (622.05B) SHIB tokens for $16,727,755 (16.72M) within the last 24 hours in just four transactions.

The recent transaction reported by WhaleStats is from Gimli – the 9th biggest whale of Ethereum (ETH). Gimli has made two transactions in total and has accumulated total of 421,370,420,624 (421.37B) SHIB for $11,313,795 USD (11.31M).

First transaction was equal to 150,000,000,000 (150.0B) SHIB, valued at ,027,500 USD (4.02M), whereas Second transaction was equal to 271,370,420,624 (271.37B) SHIB, worth ,286,295 USD (7.28M).

Gimli is currently holding 751,130,530,348 (751B) SHIB worth $20,333,103 ($20.3M).

Following this accumulation, a mysterious whale currently ranked as the 167th biggest whale of Ethereum (ETH) on WhaleStats has accumulated the same number of SHIB as that of Gimli in her first transaction, i.e., 150,000,000,000 (150.0B), worth $4,053,000 (4.05M) USD. She has made this purchase in one transaction.

Later, WhaleStats reported that another mysterious whale currently ranked as the 16th biggest whale of Ethereum (ETH) had purchased a total of 50,687,552,959 (50.68B) SHIB, worth ,360,960 (.36M) USD in one transaction.

The tale of SHIB accumulation is not over yet.

As per recent data provided by WhaleStats, the above aggressive accumulation from Whales led SHIB to become the 4th biggest purchased token among the top 500 biggest Ethereum (ETH) whales in the last 24 hours.

Such aggressive accumulation also hints that whales are hoping for something massive from the Shiba team’s official announcement on March 30th.

11,325 Bitcoin (BTC) From Two Dormant Addresses Activated After Over 7 Years

Lele Jima
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11,325 Bitcoin (BTC) From Two Dormant Addresses Activated After Over 7 Years

11,325 Bitcoin Stolen From Cryptsy Exchange Activated After Over 7 Years. 



Two wallet addresses containing a massive amount of Bitcoin (BTC) have just been activated after more than seven years of being left idle by the owners. 

WhaleStats reports today that the addresses containing 1,000 Bitcoin each in 2014 worth around $583,859 at the time, conducted two separate transactions in the late hours of yesterday.

bitcoin dormant moved

bitcoin dormant 2

bitcoin dormant 3

Image source: Whale Alert

Details of the transactions show that the owner of the first address sent 18.94 BTC ($905,229) yesterday around 18:18 UTC, while the second wallet address transferred 18.86 Bitcoins ($898,079) from the 1,000 Bitcoin holdings. 

The interesting thing about the development is that the 1,000 BTC held separately in the two private wallets, which were worth $583,859 at the time, has skyrocketed massively following the massive surge in BTC value in recent times. 

The current value of 1,000 BTC is now worth $47.25 million. 

While the entire cryptocurrency community was trying to guess who the owners of the idle BTC are, sources reveal that the private addresses are linked to the Cryptsy exchange hack, which saw a total of 11,325 Bitcoin ($535.14 million) allegedly stolen from users’ accounts by the founder of the trading platform, Paul Venom. 

Since authorities indicted Venom, the BTCs have been left untouched. However, a crypto user reports that the 11,325 BTC have been transferred to 666 new Bitcoin addresses since yesterday, with each address receiving an average of 17.00447 BTC. 

Cardano Founder Calls for Cryptocurrency “Bill of Rights” to Promote True Decentralization

Mark Brennan
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Cardano Founder Calls for Cryptocurrency “Bill of Rights” to Promote True Decentralization

Cardano Founder Calls for Cryptocurrency “Bill of Rights” to Promote True Decentralization.



Charles Hoskinson, the creator, and founder of Cardano (ADA), has urged the cryptocurrency community to establish a Bill of Rights for the industry, which will illustrate the concept of true decentralization. 

Speaking during Binance Blockchain Week hosted in Dubai, Hoskinson noted that the cryptocurrency industry is currently at a crossroads on its path to true decentralization, adding that the nascent sector is at a critical point requiring navigation from the crypto community. 

“As we see the third generation cryptocurrencies become more powerful, more prevalent, more pervasive, we have to start making some uncomfortable and difficult philosophical decisions about how our technology works,” Hoskinson was quoted as saying by local media outlet City A.M. 

Players Need to Understand Decentralization

According to the Cardano boss, when people move beyond the world’s largest cryptocurrency, Bitcoin, to other digital currencies, they start entertaining the idea that not everyone would have a copy of the blockchain. 

Hoskinson noted that for the cryptocurrency industry to be truly decentralized, its players need to collectively figure out the core meaning of decentralization, adding:  

“We have to write some sort of Constitution for these things, we have to decide what is the Bill of Rights for the use of cryptocurrency and blockchain technology.” 

The Cardano boss added that people who are currently in the nascent industry only for the money and do not care about the technology may lose everything that makes cryptocurrency special. 

While Hoskinson thinks the industry is mature enough to have a constitution, he acknowledged that things may go wrong in trying to establish the perfect Bill of Rights for crypto because true decentralization is difficult and expensive. 

Cryptos’ Growth Calls for Key Decisions

Cryptocurrencies have evolved rapidly over more than a decade, with growing interest in Bitcoin, especially from both investors and governments. 

Hoskinson said the most valuable cryptocurrency has attracted the attention of the entire world, the same way the internet captured people’s interest in the early 90s. 

“We must decide as an industry whether we wish to learn from the past, or if we wish to just allow it to happen again,” Hoskinson said. 

Hoskinson noted that the industry has two choices to choose from, which include maintaining the integrity and focusing on decentralization or ignoring everything and sticking to the highly centralized system. 

Shiba Inu (SHIB) Now Second Most Valuable Crypto Held by Top 500 Ethereum Whales

Lele Jima
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Shiba Inu (SHIB) Now Second Most Valuable Crypto Held by Top 500 Ethereum Whales

Shiba Inu 2nd Top Token Held By ETH Whales, Top Whales Holding Billions of shib.



Ethereum whales have not failed to increase their holdings of Shiba Inu (SHIB) whenever the opportunity presents itself. 

WhaleStats gives an insight of the most valuable cryptocurrencies held by the top 500 Ethereum addresses. 

According to the data, the top 500 ETH addresses are holding a combined $1,595,051,886 ($1.59B) worth of SHIB, which represents 12.1% of their total cryptocurrency holdings. 

The massive volume of Shiba Inu held by the top 500 addresses puts the cryptocurrency as the second most valuable coin held by these top whale Ethereum addresses  

The volume of Shiba Inu held among the top 500 Ethereum addresses suggests the level of confidence whale investors have in the popular dog-themed cryptocurrency. 

Shiba Inu, which has successfully unveiled useful projects, has given investors the confidence that it is no longer a memecoin but a utility token. 

Some of the useful Shiba Inu projects launched last year include a non-fungible token (NFT), a layer-2 blockchain, a metaverse project, and a decentralized autonomous organization called Doggy DAO. 

The team behind the project is also planning to unveil a play-to-earn (P2E) game, a SHIB burn portal, and a stablecoin for the Shiba Inu ecosystem.

These enticing features have continued to lure Ethereum whale investors who believe the token’s value will surge tremendously in the near future. 

Top 100 Whales:

In the last 24 hours Top 100 ETH whales on average are holding 2.331B Shiba inu worth ,644,347 (M). This shows the hunger of whales for shib and the token popularity.

Top Three Shib holders:

The biggest whale that is holding the highest sum of shib is “Light’. Currently Light holds 34,628,281,443,997 (34.6 Trillion) shib coins worth 0,242,244 (0M). Shib represents 3.46% of Light holdings.

The second-biggest wallet in term of shib holding is  ‘0x422193843fe209faa94f5cc1780e04965e77cb7f’. This whale holds10,630,328,724,484 (1.6T) shiba inu Worth 4,779,016 (4M). Shib depicts 1.06% of the second-biggest wallet overall holdings.

The third larger wallet ‘0x1406899696adb2fa7a95ea68e80d4f9c82fcdedd’ holds10,200,003,141,762 (1.2T) shib worth 2,846,087 (2M), that is 1.02% of the wallet entire portfolio.

At press time, Shiba Inu is trading around $0.00002780 across major exchanges, up 17% in seven days.

7 Day Active Addresses on Polygon (MATIC) Grows Massively While Terra (Luna) Leads Social Engagements

Lele Jima
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7 Day Active Addresses on Polygon (MATIC) Grows Massively While Terra (Luna) Leads Social Engagements

Active Addresses on Polygon Grows Massively, Terra (Luna) Leads Social Engagements.



There has been increased user activity on several layer-1 and layer-2 chains, including Polygon (MATIC), following the rising interest in cryptocurrencies that have bolstered the total market valuation. 

Active addresses on Polygon have surpassed one million in the last seven days, suggesting a rising interest in assets and protocols based on the Ethereum layer-2 scaling platform. 

At the time of writing this line, a total of 1.01 million addresses have been recorded across various projects affiliated with the Polygon network. 

 

 

Of the 1.01 million addresses recorded on Polygon either as a recipient or a sender in the past week, a total of 357,000 unique addresses conducted different transactions on the Ethereum L2 scaling platform in one day. 

Top 3 Polygon Users by Entity

According to data on crypto analytics platform Nansen, the top three entities that these active Polygon addresses interacted with in the last seven days include Tower (TOWER) cryptocurrency, Binance exchange, and play-to-earn (P2E) horse racing game Pegaxy. 

Notably, 170,313 addresses interacted with the Tower Token (TOWER), while 72,602 and 71,560 addresses were active on Binance and Pegaxy. 

Other Networks’ Activities

Polygon is not the only network that has recorded a surge inactive addresses. Other blockchains like Binance Smart Chain (BSC), Ethereum, Ronin, Avalanche, Fantom, Terra, Arbitrum, Celo, as well as Optimism, also reported a huge volume in the number of active addresses recorded last week. 

Binance led the ranking with a total of 3.84 million addresses, followed by Ethereum, which had 2.17 million active addresses in the past week. 

Terra Social Engagement Spikes 

While Terra (LUNA) managed a meager amount of 140,000 active addresses in the past week, the cryptocurrency recorded a significant milestone in its social engagement in the last 90 days compared to other coins. 

 

Over the last 90 days, Terra cryptocurrency social engagement grew by 24.8%, ranking second in the list just behind Fantom (FTM) and it is followed closely by Polygon (MATIC), which surged 12.5% within this period.  

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