Tag: shiba inu

Shiba Inu’s Anonymous Founder ‘Riyoshi’ May Have Quit Crypto World, All Tweets Erased

Riyoshi, the anonymous founder of Shiba Inu may have decided to quit the world of cryptocurrency. In a rather encouraging farewell note, the SHIB creator who went by the pseudonym ‘Riyoshi’ announced his decision on a Medium post. While Riyoshi has previously hinted at moving on from the crypto world, speculations about this farewell note claim a scammer could be behind Riyoshi’s Medium post. For now, Riyoshi’s account @RiyoshiResearch with over 200,000 followers is visible on Twitter, but all of the posts from its page have been deleted, showing correspondence with the exit post.

“I am not important, and one day I will be gone without notice. Take the SHIBA and journey upwards frens,” Riyoshi’s Medium post published on May 30 reads.

The screenshots of this post have found their way on social media, with people warning members of the crypto community, that this could all be a fake scam.

Despite Riyoshi’s assumed exit from the crypto sphere, the working of the Shiba Inu will remain unaffected.

This was confirmed by Shytoshi Kusama, a lead developer of Shiba Inu who also claimed that even he is unaware of Riyoshi’s real identity.

“Ryoshi was, and is, one of the most successful anonymous founders of any project, ever. Though I don’t know his identity, his legacy lives on in the Shib token, Shib Ecosystem and all the projects we foresee to decentralise the world,” Kusama noted.

Despite all the noise around the future of SHIB at this point, the cryptocurrency is currently trading at $0.000012 (roughly Rs. 0.000958) as per Gadgets 360’s crypto price tracker.

On CoinMarketCap, SHIB’s ranking is 16th, with a live market cap of $6.45 billion (roughly Rs. 50,140 crore). A total of over 549 trillion SHIB coins are currently in circulation with its maximum supply undecided.

Well, if Riyoshi has really moved on from the crypto world, the decision comes at a time when Shiba Inu is working on its own metaverse.

Earlier in March, the Shiba Inu developers announced that a total of 100,595 virtual land plots will be put up for sale on its metaverse, out of which some will be remain private.

Shiba Inu is also being listed on crypto exchanges like Robinhood and Bank of America crypto ATMs, which may boost its adoption.

Affiliate links may be automatically generated – see our ethics statement for details.



Check out our Latest News and Follow us at Facebook

Original Source

BTC Exceeds $30,000 in Value as Overall Crypto Price Chart Reflect Gains for Most Cryptocurrencies

After being red in losses for most of this week, the crypto price charts seem to be jumping back to health at a gradual pace. Bitcoin on Friday, May 20, opened trading at $31,728 (roughly Rs. 24.5 lakh) with minor gains of 2.60 percent as per Indian exchange Coinswitch Kuber. Gains of over three percent also added to Bitcoin values on international exchanges. Its price currently stands around $30,140 (roughly Rs. 23 lakh) on exchanges such as Binance and CoinMarketCap.

Ether followed Bitcoin up the price ladder. ETH saw gains of 2.43 percent that rose its value to $2,124 (roughly Rs. 1.65 lakh), Gadgets 360’s crypto price tracker showed.

As for now, both of the top two cryptocurrencies are a long way from their last All Time Highs of $67,567 (roughly Rs. 52 lakh) and $4,812 (roughly Rs. 3.75 lakh) that they respectively attained in November last year.

Meanwhile, other altcoins that kickstarted the weekend with gains include Binance Coin, Ripple, and Polkadot.

Surprisingly, profits also found their way to meme-based Dogecoin and its rival Shiba Inu.

A bunch of stablecoins however, did see small but significant losses. These include Tether, USD Coin, and Binance USD.

In fact, altcoins such as Solana, Avalanche, and Elrond also found themselves affected with minor losses.

Terra, after its recent, rather harrowing downfall from being the eight largest cryptocurrency in terms of market cap, is trading at $0.00014 (roughly Rs. 0.010777).

The overall market cap of the crypto sector stands at $1.27 trillion (roughly Rs. 9,90,70,706 crore) as per CoinMarketCap.

More investments are coming to the crypto sector, despite its recent slowdown.

In a bid to accelerate research and development in this consumer-centric industry, Andreessen Horowitz (a16z) has pledged a fund of $600 million (roughly Rs. 4,661 crore).

In its recent ‘State of Crypto’ report, a16z had acknowledged that the route for growth for the crypto sector is tough. Despite the coming turbulent days, the firm has been opening floodgates of investments in the crypto and blockchain-based sectors.

Meta has also filed for a patent to operate ‘Meta Pay’, a crypto-supporting online payments service.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

Affiliate links may be automatically generated – see our ethics statement for details.

Check out our Latest News and Follow us at Facebook

Original Source

Bitcoin, Ether Price Tank by Close to 5 Percent as Traders Fail to See Immediate Upside

Bitcoin and the broader cryptocurrency market once again entered a sharp correction after a brutal sell-off on Wall Street on Tuesday. In terms of value, Bitcoin’s price failed to stay above the $40,000 (roughly Rs. 30.5 lakh) mark across exchanges like CoinMarketCap, Coinbase and Binance. At the time of writing, the value of Bitcoin has dipped by 3.43 percent in the past 24 hours and stands at $40,965 (roughly Rs. 31.5 lakh) on Indian exchange CoinSwitch Kuber.

On global exchanges, the price of Bitcoin stands at $38,437 (roughly Rs. 29.5 lakh) falling by 5.06 percent in value over the past 24 hours. As per CoinGecko data, BTC has fallen by 7.5 percent in value week-to-day.

Ether met with a similar shakedown on the day, with on-chain data studied by CoinTelegraph suggesting that there could be more dips in store as the Ethereum network’s total value locked (TVL) continues to flatten. At the time of publishing, Ether is valued at $3,031 (roughly Rs. 2.5 lakh) on CoinSwitch Kuber while values on global exchanges see the crypto’s value at $2,841 (roughly Rs. 2.2 lakh), where the coin has fallen by 5.21 percent over the past 24 hours.

CoinGecko data reveals that the cryptocurrency’s value has taken a fairly bad fall over the past week at 8.5 percent over the past week.

As per Gadgets 360’s cryptocurrency price tracker, BTC and Ether weren’t the only big losers on the day as the global crypto market cap fell by a heavy 5.05 percent in the past 24 hours. Monero, Terra, Polkdadot, Polygon, and Cardano were among the biggest losers on the day, while Avalanche, Uniswap, Solana, Cosmos, and Binance Coin also marked losses.

Shiba Inu and Dogecoin, have also had a dismal day of trading. Dogecoin was flying at one point yesterday before dropping down to a current value of $0.15 (roughly Rs. 11.5) after losing 8.53 percent over the last 24 hours, while, Shiba Inu is valued at $0.000025 (roughly Rs. 0.002), down by 2.55 percent over the past day.

“Despite prevailing headwinds on the economic front, on a fundamental level, the digital assets space continues to grow at a rapid pace. Most recently, Fidelity rolled out a new 401(k) offering in the US, enabling participants to put a slice of their retirement money into Bitcoin. Spot Bitcoin ETFs are also finally making their debut in Australia this week, offering investors in the country direct access to the crypto. The medium and long-term outlook for crypto remains a bright one, with adoption — both institutional and retail — continuing to increase exponentially,” the research team at CoinDCX tells Gadgets 360.

Meanwhile, UK-based Standard Chartered Bank also made crypto news headlines on Tuesday announcing its entry into the metaverse. The London-headquartered lender has purchased a chunk of virtual real estate in the Mega City district of The Sandbox metaverse. In the digital world, this area is reportedly a culture hub inspired by talents from Hong Kong. The move is initiated by SC Ventures, the innovation, fintech investment, and ventures arm of the Standard Chartered Bank. The financial giant is looking to expand services and experiences for its customers.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Check out our Latest News and Follow us at Facebook

Original Source

Exit mobile version