shibainu
Key figures in the Indian crypto sector are calling out WazirX over its post-hack crisis management measures. According to Edu Patel, CEO of crypto exchange Mudrex, the exchange’s response to the incident has been “deeply flawed.” In a LinkedIn post on July 31, Patel said the attack on WazirX was “unfortunate” but the approach WazirX took to handle the situation was “not appreciated.” Mumbai-based WazirX, one of India’s largest exchanges, was hacked for $230 million in cryptocurrencies. Over 15,000 Ethereum, alongside other tokens like Shiba Inu and Polygon’s Matic, was drained from the exchan...
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Many believe the crypto market will see a broader rally in the coming months – one that is not very likely to be restricted to leaders like Bitcoin and Ethereum. That may be good news for the up-and-coming projects like Poodlana that are already attracting solid demand from fashion-forward crypto enthusiasts. Poodlana is a blockchain-enabled platform that’s inspired by one of the cutest breeds of the man’s best friend – the poodle. But it’s so much more than the fluffy appearance. Its native meme coin, the POODL, could prove to be an exciting investment for 2024. Poodlana is a merger of fashio...
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Stolen funds from the exploit on the Indian crypto exchange WazirX are being swapped for Ether. Experts believe this is a bid to prevent authorities from blacklisting the assets. According to the analytics platform Spot On Chain, the attacker has considered ETH over other ERC-20 tokens as it cannot be blacklisted. Ether has its meritsThe ERC-20 token standard allows developers to implement a mapping function in the smart contract to maintain a list of blacklisted addresses. As such, they can modify the transfer functions to check against this list before processing transactions. Contrarily, ET...
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Shiba Inu (SHIB) has seen a significant downturn amid the unsettling news of a major security breach at WazirX, one of India’s prominent cryptocurrency exchanges. At press time, SHIB’s price stood at $0.00001722, reflecting a 9.99% decline over the past 24 hours amid broader market concerns. Earlier today, it was reported that WazirX’s security infrastructure was compromised, resulting in the unauthorized transfer of approximately $235 million worth of various cryptocurrencies, including over $100 million in Shiba Inu tokens. The breach was detected by Web3 security firm Cyvers, which detected...
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What was a brutal week for most altcoins, particularly political meme coins, also saw Shiba Inu (SHIB) extend its price decline to levels last seen in March. Meanwhile, Memeinator (MMTR) also plummeted as its price reached a new all-time low. But as Bitcoin shows resilience above $60,000 and PolitiFi meme coins show signs of recovery, could SHIB price reclaim upside momentum? And what is the price outlook for MMTR? Cryptocurrency market outlookRegulatory news, Bitcoin sell-off and Solana ETF news highlighted last week. Also notable was the US presidential debate and mega political donations fr...
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Despite several key events taking place in the crypto space, including SEC green lighting spot Ethereum ETFs and PayPal USD expanding to the Solana blockchain, Cardano (ADA) and Shiba Inu (SHIB) market sentiment hasn’t been entirely euphoric. The two altcoins have nosedived along with the wider crypto market. Meanwhile, ICOs are quickly becoming go-to investments. At the forefront is Rebel Satoshi Arcade (RECQ), a new GameFi memecoin. Initial coin offerings not only offer a safe haven against market shocks; they are also among the most promising investments. But is Rebel Satoshi Arcade one? Gi...
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With the massive adoption of cryptocurrencies, various top crypto coins are witnessing massive investor inflow and partnerships. Shiba Inu is one of the tokens that have witnessed massive adoption in recent weeks with Atomic Wallet listing Shiba Inu’s BONE. Meanwhile, Cardano’s price has dropped significantly as the token market activity depreciates. In another development, the Rollblock presale is booming with whales accumulating the token. With the surging momentum, the team has raised almost $1M in presale and could go as high as $3 million by the end of the month. Rollblock revolutionizing...
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The burn rate of Shiba Inu (SHIB) has skyrocketed by over 500% today, according to data from Shibburn. This significant increase in the burn rate has generated optimism among traders and investors about potential positive price movements for the meme coin, often dubbed the “Dogecoin killer.” Massive token burn despite trading slumpDespite the impressive burn rate hike, SHIB traded in the red, indicating that the immediate price reaction has not yet mirrored the positive sentiment. The token saw a substantial decline in its supply with the burning of 9.83 million tokens, primarily from two spec...
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Shiba Inu unveiled its decentralized exchange ShibaSwap on Shibarium. The major update to the interface will allow users to optimize their trading strategies and manage liquidity across blockchains. SHIB price responded positively as traders digested the announcement, with 4% gains on Wednesday. Shiba Inu users can benefit from liquidity pools on ShibariumThe Shiba-Inu-themed meme coin project Shiba Inu unveiled changes to its Layer 2 chain and the Shibarium, its decentralized exchange, in an official tweet on X, early on Wednesday. The decentralized exchange ShibaSwap will power the creation ...
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Shiba Inu’s decentralized exchange platform, ShibaSwap, has officially launched on Shibarium, the project’s layer-2 scaling solution. This move marks a pivotal moment for the Shiba Inu (SHIB) ecosystem, unlocking new functionalities and opportunities for users. With ShibaSwap now live on Shibarium, the community can expect enhanced trading capabilities, increased liquidity provision options, and a seamless user experience bridging Ethereum and Shibarium networks. Unlocking new possibilities for usersThe integration of ShibaSwap with Shibarium opens up a myriad of possibilities for the Shiba In...
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