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Shiba Inu Lovers Can Now Buy luxurious Cars With SHIB

Mark Brennan
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Shiba Inu Lovers Can Now Buy luxurious Cars With SHIB

Shiba Inu lovers can buy expensive cars with SHIB.



Vegas Auto Gallery in Las Vegas, Nevada tweeted that Shiba Inu holders can buy luxury & exotic cars using the SHIB tokens.

 

 

As Shib’s popularity goes parabolic scammers have already begun to circle around the Shiba Inu community.

Shiba Inu’s official Twitter account shared a video describing a new widespread scam that is scamming Shiba Inu holders.

 

The scam seems to be based on false Telegram groups that attract Shiba Inu owners to hand over their wallet keys, passwords, or email addresses. SHIB community members are enticed into these groups with promises of free gifts and other perks.

 

As far as SHIB adoption is concerned it is unstoppable. 

Most recently AMC’s CEO confirmed that AMC will accept Shiba because Adam Aron convinced Bitpay to add SHIB so that AMC can make SHIB its payment method.

Similarly, there was a massive Business Adoption Push For Shiba Inu As Coingate Made Shib Acceptable To Over 500 Merchants As a Payment Option.

Also, prominent crypto exchanges accepting Shiba Inu continue to grow with Gemini being the latest to accept SHIB. However, SHIB supporters are still waiting for an official announcement by Kraken Exchange and Robinhood.

Read Latest SHIB Updates Here.

US City Install Bitcoin ATMs At International Airport

Albert Brown
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US City Install Bitcoin ATMs At International Airport

American city administration installs a bitcoin ATM at the international airport.



The city of Williston in North Dakota (USA) administration has entered into an agreement with the cryptocurrency ATM operator Coin Cloud. The company has installed BTC ATMs at Williston-Basin International Airport.

City Finance Director Hercules Cummings said:

“This is an ambitious step in introducing and engaging the public towards cryptocurrency while proactively playing a role in building the digital ecosystem. We partnered with BitPay to accept digital currency for city utility bills and now with a municipal-hosted DCM, we are creating a successful road map for the public to embrace cryptocurrency. Although we are a smaller rural community, we are making an impact. Taking this small step may pave the way for other government and commercial entities to follow suit.”

Coin Cloud offers a non-custodial crypto wallet app for customers to manage their digital assets. Users can also establish a digital wallet directly with BitPay or via an online service, such as Coinbase or Binance.

Ticketed passengers and non-travelers can now instantly buy and sell over 40 virtual currencies including Bitcoin, Dogecoin, Shiba Inu Coin, Cardano, and Ethereum with cash. Individuals can also use the DCM to withdraw cash from their digital wallets.

 

The DCM is convenient for users who prefer not to use their bank or debit card, or who are unbanked without access to traditional financial services. Instead, users can purchase and sell cryptocurrency directly using a digital wallet.

The Williston administration highlighted the City of Williston does not act as the fund custodian or manage any crypto transactions. Purchases and withdrawals are handled by the DCM operator, Coin Cloud.

Coin Cloud operates over 4,000 cryptocurrency ATMs in the US and Brazil. The company’s product ecosystem includes a non-custodial wallet, mobile app, and OTC trading platform.

The City of Williston partnered with major crypto payment firm BitPay in May 2021 to start accepting cryptocurrencies like Bitcoin as payment for utility bills. Apart from Bitcoin, citizens can also pay their utility bills with Bitcoin Cash (BCH), Ethereum (ETH), Wrapped Bitcoin, Dogecoin, Litecoin (LTC), and five USD-pegged stable coins like the Gemini dollar (GUSD), the USD Coin (USDC), and the Binance USD (BUSD).

Source: https://cityofwilliston.com/news_detail_T18_R1155.php

Michael Saylor: “Bitcoin Will Surpass Gold, Will Emerge Into A $100T Asset Class And 100x Of Where It Is Right Now”

Mark Brennan
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Michael Saylor: “Bitcoin Will Surpass Gold, Will Emerge Into A $100T Asset Class And 100x Of Where It Is Right Now”

The billionaire and Microstrategy CEO, Michael Saylor holds 17,732 BTC worth almost $1.1B in his personal portfolio while MicroStrategy holds 114,042 BTC on its balance sheet.



Michael Saylor, co-founder, and CEO of MicroStrategy spoke with Joe Kernen on the CNBC Squawk Box show and revealed his Bitcoin predictions for the coming years. According to Saylor, bitcoin will pass gold by the end of the decade.

The billionaire also stated that it is impossible for governments to obstruct Bitcoin as it is unstoppable as a digital property explaining the different approaches countries can take towards BTC.

Today Saylor is one of the biggest BTC holders, accumulating around $1.1 billion in assets. When asked if bitcoin would reach the value of 1 million dollars per unit, Saylor was positive.

“I expect bitcoin, if it doubles [in price] every year, by the end of the decade it will pass the gold”

Bitcoin currently has a market capitalization of USD 1.1 trillion and gold is USD 12 trillion. For Bitcoin to pass the gold market cap, the price of each coin needs to reach $630,000 which is an increase of 11 times.

 

Saylor continued that bitcoin also has the potential to become an asset of $100 trillion in total. If this happens BTC will be contributing 5 to 7% of the world economy.

The billionaire also believes that few fiat currencies will exist in the future and the dollar will take the place of 150 of them, Bitcoin will also become a world currency and its price will be 100X from where it is right now.

 

Saylor is betting it all on Bitcoin. Since August 2020, Michael Saylor has been investing in Bitcoin both personally and by his company. The odd point is that in 2013 he had criticized Bitcoin after studying the currency.

Finally, when asked whether Bitcoin could be banned by countries, Saylor said that we will see three types of governments: the communist, which will not give Bitcoin any rights (like Cuba, China, and North Korea), then governments with weak currencies which will let you Hold BTC but not trade it (like Turkey and Argentina) and finally countries with strong currencies which will collect capital gains taxes in bitcoin by accepting Bitcoin as other financial assets.

Read More On Michael Saylor:

Shiba Inu (SHIB) Is Leading Crypto Market Recovery With 20% Spike

Mark Brennan
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Shiba Inu (SHIB) Is Leading Crypto Market Recovery With 20% Spike

Shiba Inu has managed to pare recent losses, spiking over 20% within an hour to an intraday high of $0.00005084.



SHIB is currently leading the modest recovery of the cryptocurrency market along with Avalanche (AVAX).

According to Coinglass data, over $1 million worth of SHIB tokens has been liquidated over the past hour, with short positions accounting for more than 70% of the sum.

SHIB is down -44.96% from its Oct. 28 all-time high at press time. On Nov. 18, it came close to slipping below the $0.00004 level, hitting its lowest level since Oct. 26.

While the pullback is quite extreme, it was expected by market observers after Shiba Inu’s headline-grabbing gains in the second part of October.

Despite Shiba Inu’s bullish trend is on pause, it keeps being integrated by new exchanges, with Vienna-based Bitpanda opening a euro market for the meme coin earlier today.

 

 

Hillary Clinton Says Crypto Could Devastate Many Country Economies And Undermine Dollar As World’s Reserve Currency

Mark Brennan
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Hillary Clinton Says Crypto Could Devastate Many Country Economies And Undermine Dollar As World’s Reserve Currency

Former US Secretary of State and Democratic presidential candidate Hillary Clinton said digital assets could devastate many country economies and undermine the role of the dollar as a reserve currency.



Clinton expressed his concerns during her virtual appearance at the Bloomberg New Economy Forum in Singapore. According to her, governments today face many challenges one of which is cryptocurrencies. She also admits that new industry methods like mining look interesting.

She said:

“One more area that I hope nation-states start paying greater attention to is the rise of cryptocurrency — because what looks like a very interesting and exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the role of the dollars as reserve currencies, for destabilizing nations.”

 

Clinton believes that digital assets can undermine the US dollar’s role as a reserve currency and wreak smaller economies. As crypto develops further, it can pose a grave threat to large and developed countries. Therefore, she urged governments to pay more attention in regulating the cryptocurrency industry.

This is the first time that the previous US first lady has given a clear critique of cryptocurrencies.

Former US President Donald Trump has the same opinion about crypto assets. He believes that cryptocurrencies can undermine the independence of the dollar and bring the country’s financial system to stagnation.

However, not all American politicians are opposed to cryptocurrencies. For example, US Senator Cynthia Lummis believes that Bitcoin is great for retirement and long-term savings, similarly, new elected New York mayor is a big fan of bitcoin and Miami Mayor is the first Mayor that city has launched his own coin (Miami Coin) under his supervision.

Also read:

 

Glassnode Data Shows Bitcoin Whales Are Not Panic Selling Despite Falling BTC Prices

Albert Brown
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Glassnode Data Shows Bitcoin Whales Are Not Panic Selling Despite Falling BTC Prices

Bitcoin’s 20% correction did not push long-term investors to trigger massive sales.



17% of Bitcoin investors purchased BTC in the range from $56,000 to $69,000, While 83% bought bitcoin from the $20,000 to $45,000 range which are still in profit.

 

Glassnode shares details that long-term holders have accumulated 13.5M BTC in past months and they have only distributed 100k BTC over the last month, which is only 0.7% of their total holdings.

 

According to Glassnode the vast majority of long-time holders remain in profit, holding 78.7% of BTC in profit. Only 3% of the supply is held by short-time holders that are at a loss. Short-time holders who bought the top currently hold the majority of BTC at an unrealized loss.

 

 

TIME Magazine Will Hold Ethereum On Its Balance Sheet

Mark Brennan
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TIME Magazine Will Hold Ethereum On Its Balance Sheet

In a deal with Galaxy Digital, TIME Magazine will accept and hold ETH in exchange for metaverse content.



Galaxy Digital has entered a content deal with TIME Magazine to cover metaverse topics.

TIME Magazine will hold Ethereum on its balance sheet under a partnership with Galaxy Digital focused on metaverse content. The deal comes with the launch of the TIME100 Companies category on the metaverse.

According to a Thursday press release, Galaxy Digital’s entertainment arm, Galaxy Interactive, has entered a content sponsorship deal with TIME Magazine. With the partnership, the magazine will be launching a new version of its TIME100 Companies, featuring the top global companies and entrepreneurs in the metaverse space.

 

“Metaverse” is a term used to refer to new virtual worlds that leverage virtual reality and are hosted on public blockchains like Ethereum. There are different metaverse projects that incorporate elements from blockchain gaming, such as non-fungible tokens (NFTs) and other financial incentives, called GameFi.

The partnership with TIME Magazine was financed in Ether (ETH), the native asset of Ethereum blockchain and the second-largest cryptocurrency. As part of the deal, the 98-year old magazine has agreed to accept and hold ETH on its balance sheet, making it the first major media organization to do so.

TIME has been holding bitcoin since April after being paid in the cryptocurrency for a deal with Grayscale.

The Galaxy-TIME partnership also includes a new weekly TIME newsletter, “Into The Metaverse,” as well as educational material designed to educate readers on the metaverse topic. Galaxy Digital said it will leverage its expertise to help the magazine cover the fast-emerging metaverse space.

While the metaverse concept was first introduced by crypto projects like Decentraland in early 2020, it reached mainstream consciousness after Facebook rebranded to Meta last month. The social media giant has revamped its strategy to focus on building online virtual spaces, which has become a catalyst for the recent metaverse boom.

In April 2021, TIME partnered with Crypto.com to offer cryptocurrency as a form of payment for digital subscriptions. However, at that time the magazine did not hold ETH but merely used it as a payment method. A month prior, it auctioned three magazine covers as NFTs on SuperRare, a popular crypto marketplace.

“We look forward to partnering with TIME, an iconic brand driving innovation, as we seek to bring readers, creators, and the curious into the metaverse and demystify the tremendous amount of transformation happening within,” Mike Novogratz, CEO, and founder of Galaxy Digital, said on the partnership.

Notably, in Oct. 2021, Galaxy raised $325 million in a venture capital fund to make investments in NFTs, gaming, and metaverse-related startups.

 

BitForex Launches SENSO (SENSO) at 15:00 on November 23th, 2021 (GMT+8)

Mark Brennan
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0
BitForex Launches SENSO (SENSO) at 15:00 on November 23th, 2021 (GMT+8)

We are delighted to announce the listing of SENSO (SENSO) on BitForex. The details are listed below – Happy trading!

Listing Time:

  • SENSO deposit will open on 2021/11/23 15:00 (GMT+8)
  • SENSO/USDT trading will open on 2021/11/23 15:00 (GMT+8)
  • SENSO withdrawal will open on 2021/11/23 15:00 (GMT+8)

Token Info:

SENSO is the in-platform currency of Sensorium Galaxy, a digital metaverse that redefines the way people interact with others and experience the arts in digital environments

Risk Warning: Cryptocurrency trading involves significant risk and may cost your invested capital lost. Please make sure that you fully understand the risk involved and take it into consideration your level of experience, investment objectives, and seek independent financial advice if necessary. You are advised that BitForex is not responsible for any trading losses.

 

21Shares Launches Polygon, Avalanche And Algorand ETPs On Biggest Swiss Stock Exchange, SIX Swiss Exchange

Mark Brennan
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0
21Shares Launches Polygon, Avalanche And Algorand ETPs On Biggest Swiss Stock Exchange, SIX Swiss Exchange

Physically backed cryptocurrency exchange products (ETP) provider, 21Shares has announced the listing of three new ETPs based on Polygon, Avalanche, and Algorand tokens.



The products will trade on the SIX Swiss Exchange, the largest Swiss stock exchange.

The 21Shares Polygon ETP, Ticker: POLY (ISIN CH1129538448) will be listed on November 18th, and the 21Shares Avalanche ETP, Ticker: AVAX (ISIN: CH1135202088) will be listed on Friday. The 21Shares ETP Algorand, Ticker: ALGO (ISIN: CH1146882316) will start on November 23rd.

Hany Rashwan, co-founder, and CEO of 21Shares says,

“Adding Polygon, Avalanche, and Algorand to our already expansive suite of single-asset ETPs delivers another simple and easy option for investors to enter the crypto asset class, and allows us to continue fulfilling our mission to build the simplest and most transparent way to access this asset class.”

 

21Shares assets under management volume has reached almost $3 billion. The number of cryptocurrency ETPs from the company has reached 20. These assets are listed on eight regulated European exchanges.

Recall that in June, 21Shares, together with ARK Invest, filed an application for the launch of BTC ETF in the USA.

Recently 21Shares launched the world’s first Solana (SOL) ETP (ticker: ASOL) on the Swiss stock exchange (SIX Exchange) on June 30th.

“As Long As $58.000 Holds, It’s Just Some Profit Taking For Bitcoin”

Albert Brown
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0
“As Long As $58.000 Holds, It’s Just Some Profit Taking For Bitcoin”

Bitcoin and other major ‘altcoins’ maintain their short-term bearish outlook on Thursday, following declines of up to 15% from recent highs at $69,000. These events led the queen of cryptocurrencies to trade at $58,500 on Tuesday.



Following this correction, considered “healthy” by many analysts, the crypto asset has consolidated around $60,000, moving in a tight range below $61,000 and the recent lows.

As for the ‘altcoins’, Ethereum leaves shallow rises, just like Cardano, Ripple, and Polkadot, in an attempt to stabilize their prices. The total market capitalization remains around $2.62 trillion.

“The drop appears to be related to excessive leverage in the system being removed,” Jan Wuestenfeld, an analyst at CryptoQuant, wrote on his blog, as reported by ‘CoinDesk’. “As long as the fundamentals of the chain do not change in these price corrections, the medium-term outlook remains bullish,” Wuestenfield added.

 

“Bitcoin is continuing to come under pressure this week and the correction could become more severe if we see a break of $58,000,” notes Craig Erlam, an analyst at Oanda. “This is roughly where it found strong support at the end of October and given how much it’s struggled to make major strides higher since it could be the catalyst for a deeper correction.”

“There’s been lots of good news for Bitcoin recently, be that the launch of ETFs or the Taproot upgrade and I wonder whether we’re now just seeing some profit-taking on those events,” the expert questions. “Both were expected, both were priced in, in advance, and with prices at record highs, it would be logical for some price correction to happen,” he adds.

“Sooner or later, every big rise has its adjustment/proportional correction phase,” states José María Rodríguez, an analyst at Bolsamanía. Despite the latest drop (of 15%), Bitcoin is still up more than 100% for the year.

 

“What the price is showing us is a sideways movement in the last month with support at $58,000 and resistance at $69,000 in round numbers,” continues the analyst. Technical indicators show a positive uptrend for Bitcoin, which means that buyers could remain active on pullbacks. However, the $63,000 to $65,000 price range could limit upside in the short term.

“And should it lose the base of this, the next support levels are found at the September highs (53,125) and the base of what appears to be a short-term bullish phase, now at approximately $52,000. All in all, nothing would have happened here, absolutely nothing,” concludes Rodriguez.

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