All posts tagged: SHIB

Bitcoin Trades Above ,000 Despite Minor Dips, ETH Joins SHIB, DOGE in Clocking Small Gains

Bitcoin Trades Above $62,000 Despite Minor Dips, ETH Joins SHIB, DOGE in Clocking Small Gains

Published by Webster

The cryptocurrency market saw more losses than gains on Wednesday, October 9. Bitcoin experienced minor declines on both domestic and international exchanges over the past 24 hours. Despite these slight setbacks, the leading cryptocurrency has maintained its price above $62,000 (roughly Rs. 52.04 lakh) on global platforms. At the time of writing, Bitcoin was trading at $62,353 (around Rs. 52.3 lakh) on international exchanges, according to CoinMarketCap. Meanwhile, on India-based exchanges such as CoinSwitch and CoinDCX, BTC was priced higher, hovering around $63,917 (roughly Rs. 53.6 lakh). “Bitcoin is currently trading above $62,000 (roughly Rs. 52.04 lakh), primed to show bullish momentum as ‘Uptober’ optimism grows despite volatility,” said Avinash Shekhar, Co-Founder and CEO, Pi42 as commenting on the market situation. Ether dropped in price by 1.75 percent in the last 24 hours. The asset is trading at $2,442 (roughly Rs. 2.04 lakh) on international exchanges. In India, on the other hand, ETH is valued at $2,515 (roughly Rs. 2.11 lakh), showed the crypto price tracker by Gadgets360. “Enthusiasm is building within the ETH community …

‘Growing Strong in India’: Shiba Inu Said to Be Top Traded Memecoin on WazirX in March

Published by Webster

The month of March proved to be quite the lucrative period for the overall cryptocurrency sector. While Bitcoin attained its new all-time high and Ether came close to creating its own, several altcoins also recorded a notable upswing in their respective trajectories. Indian crypto exchange WazirX, on April 2, released a list of the five most traded cryptocurrencies on its app. As per the Indian exchange, memecoin Shiba Inu secured the first rank on this list indicating that most of the investors engaging with crypto through its app chose to purchase Shiba Inu. In March 2024, Shiba Inu managed to supersede Bitcoin on WazirX’s list of most-traded cryptocurrency. The development has managed to gain major appreciation from the team behind the SHIB coin. “$SHIB was one of the hottest coins on @WazirXIndia in March! The Shib Army is growing strong in India!” the official handle of the @Shibtoken posted on X, re-sharing the WazirX’s list. Originally created as a joke rival to Dogecoin, SHIB was launched in August 2020. The memecoin is presently trading at …

Shiba Inu Team to Pin Another Security Layer to Improve Network Privacy: Details

Published by Webster

The developers maintaining the Shiba Inu ecosystem are deploying a new layer of security to improve the network’s privacy settings. The Shiba Inu team is developing this security protocol in partnership with Zama, a cryptography company that confirmed the development on X this week. The name of this security protocol under development remains unknown for now. It is, however, known that the protocol will use a tool called the Fully Homomorphic Encryption (FHE) — through which developers can unlock data on untrusted domains without having to decrypt or engage with it. The Shiba Inu ecosystem is maintained on the Layer-2 Shiberium blockchain, which is built atop the Ethereum blockchain. Once Shiba Inu rolls out its security protocol, it will find residence on the Shiberium blockchain. TREAT, a crypto token that is part of the Shiba Inu ecosystem will back the use of this security protocol. Holders of the Shiba Inu tokens will get better safety for their personal and transactional data, a Coindesk report said without disclosing anything in detail. The integration of this encryption …

Shiba Inu Holders to Get ‘.SHIB’ Domain that Would Function on Web2.0, Web3

Published by Webster

The developers behind the popular memecoin Shiba Inu have decided to bring a new offering to its investor community. The Shiba Inu team has applied to acquire the ‘.shib’ domain, which if approved, would let members of its community create email addresses with the ‘.shib’ suffix. This top-level domain (TLD) will work natively with Web3 elements like crypto wallets and be compatible with traditional email applications. Presently, the Web3 domains that are in circulation like .crypto and .eth do not work natively with critical internet tools like web browsers and email. This is because they do not operate on the traditional Web2 Domain Name System (DNS). The Shib team has partnered with D3, which is an Internet domain firm, in order to provide these ‘.shib’ usernames to its community members. D3, founded in 2023, aims to create the next generation of domains that would be interoperable between Web2 and Web3. The domain startup posted an official update about its partnership with Shib on its X handle. As part of the process that entails Shib’s application …

Meme Coins DOGE, SHIB Have Fans in India, WazirX’s Year Ender Report Shows

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India is on the brink of a crypto revolution, which is expected to boom in full capacity once the country finalises laws to safeguard the industry against financial risks in the coming times. In its year-ender report for 2022, Indian crypto exchange WazirX has highlighted that over two million new users signed up on its platform this year. Dogecoin and Shiba Inu, the two rival meme coins, have emerged among popular crypto choices in India despite their quite lacklustre performance for most part of this year. Over 27 percent of first-time crypto buyers on WazirX, purchased Shiba Inu tokens. At the time of writing, each SHIB token is trading at $0.0000086 (roughly Rs. 0.000708) after incurring a loss of over two percent on Monday, December 19, showed the crypto price tracker by Gadgets 360. The trading for Dogecoin on WazirX swelled by 3000 percent, as soon as Tesla chief Elon Musk finalised the takeover of Twitter on October 27, the exchange noted. DOGE is presently priced $0.078 (roughly Rs. 6.42) after recording a drop of …

BTC Touches $17,000 With Minor Gains; ETH, DOGE, SHIB Follow Suit

Published by Webster

The crypto price charts sparkled in greens on Monday, December 5, with more coins registering profits than losses. With small gains of 1.39 percent, Bitcoin opened trading today at the price point of $17,221 (roughly Rs. 13.99 lakh). Similarly microscopic gains also added small values to BTC prices on international exchanges. As reflected on Coinbase, CoinMarketCap, and Binance among other foreign exchanges, BTC gained as much as two percent to maintain its price over the mark of $17,000 (roughly Rs. 13.80) internationally as well. Ether registered slightly bigger profits than BTC. With a price hike of 2.30 percent, ETH is currently trading at $1,288 (roughly Rs. 1.04 lakh). Among other cryptocurrencies that stepped into the second week of December with gains, Dogecoin and Shiba Inu joined Binance Coin, Cardano, Polygon, Polkadot, and Litecoin. Gains also came to Solana, Uniswap, Avalanche, Chainlink, and Leo. The overall crypto market grew by 1.40 percent in the last 24 hours to attain the valuation of $864 billion (roughly Rs. 70,25,994 crore). “The broader crypto market has improved over the …

SHIB Creators Mull Joining WEF Plans to Shape Global Metaverse Policy

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The World Economic Forum (WEF) is planning to draft policies around the metaverse that would work on a global level. To achieve this, the WEF has reached out to the developers of Shiba Inu. The volunteer project lead and developer for Shiba Inu, who goes by the pseudonym ‘Shytoshi Kusama’, has announced the development along with a poll on Twitter. The Shiba Inu cryptocurrency was created by an anonymous developer called Ryoshi in August 2020 and as of Wednesday, November 23, has a market cap of $5 billion (roughly Rs. 40,430 crore). In a Twitter poll, Kusama asked the crypto community to vote if Shiba Inu should accept WEF’s offer. In the last few hours, nearly 20,000 voters have cast their votes and the maximum of 62 percent participators have approved of Shiba Inu joining hands with the WEF. #ShibArmy I need a quick vote: We have been kindly invited to work with the WORLD ECONOMIC FORUM as it pertains to their MV global policy. Would love to know what you all think because it’s …