Shiba Inu Archives - Page 13 of 46

Shibarium Blockchain Hits 4 Million Transactions in Three Months, Eying Exchange Integrations

24Nov

By CryptolifedigitalNo Comments

Shiba Inu

Shibarium Blockchain Hits 4 Million Transactions in Three Months, Eying Exchange Integrations

In a remarkable feat of growth, the Shiba Inu Layer-2 (L2) blockchain, Shibarium, has reached over 4 million transactions just three months after its launch. The network, which encountered initial technical challenges, rebounded with resilience to become one of the most active and scalable L2 solutions on Ethereum. Rapid Surge in Transactions and Network Metrics Shibariumscan data reveals that the network's total transaction count has soared to 4,126,333, underscoring a rapid adoption rate since its mainnet launch on August 16. Despite facing a temporary fail-safe mode due to technical glitches, Shibarium has rebounded strongly, boasting an average block time of 5.0 seconds. The network has not only demonstrated robust transaction growth but has also seen a surge in wallet interaction...

Heco Bridge Hack: $86 Million in Cryptos Stolen, Justin Sun Assures Safety as Investigation Commences

23Nov

By OLAJIDE SAMUELNo Comments

Shiba Inu

Heco Bridge Hack: $86 Million in Cryptos Stolen, Justin Sun Assures Safety as Investigation Commences

In a significant blow to the crypto community, blockchain security firm PeckShield revealed in a recent tweet that the Heco Bridge, a protocol facilitating the movement of funds between HTX's Heco Chain and the Ethereum network, fell victim to a malicious attack. The devastating breach resulted in the theft of over $86 million worth of various cryptocurrencies, including prominent assets like Shiba Inu (SHIB). Read Also: HTX HECO Bridge Hacked for $83.4 Million: Justin Sun's Ecosystem Faces Third Major Exploit in Two Months https://twitter.com/PeckShieldAlert/status/1727290028064436539 Attack Details and Stolen Assets PeckShield's announcement outlined the staggering extent of the attack, disclosing that the stolen assets comprised 346.9 billion SHIB (valued at $2.8 million), 42.11...

HTX HECO Bridge Hacked for $83.4 Million: Justin Sun’s Ecosystem Faces Third Major Exploit in Two Months

22Nov

By Tolulope ZaccheausNo Comments

Shiba Inu

HTX HECO Bridge Hacked for $83.4 Million: Justin Sun’s Ecosystem Faces Third Major Exploit in Two Months

In a major blow to the crypto ecosystem associated with Justin Sun, the HTX HECO Bridge fell victim to a sophisticated hack this morning, resulting in the theft of $83.4 million worth of various cryptocurrencies. The exploit was flagged by on-chain analytical systems, triggering concerns and temporary closure of deposits and withdrawals on the platform. Confirmation from Justin Sun The founder of the crypto exchange HTX, Justin Sun, confirmed the incident in a recent post on X, a social media platform. Sun assured users that the exchange would cover any losses incurred by the hot wallet. While the official HTX account on X has yet to make a statement, the team announced the temporary suspension of deposits and withdrawals through their official Telegram account. Read Also: Shiba Inu (...

Shiba Inu (SHIB) Faces Volatility and Regulatory Headwinds, but Changelly Predicts Positive Uptrend

22Nov

By Daniel AbangNo Comments

Shiba Inu

Shiba Inu (SHIB) Faces Volatility and Regulatory Headwinds, but Changelly Predicts Positive Uptrend

Cryptocurrency trading platform Changelly has forecasted a potential 9.39% jump for Shiba Inu (SHIB) if it hits $0.000008900 on November 24. Despite current market sentiment indicating a 4% slump with SHIB priced at $0.000007969, the token's volatility leaves room for such fluctuations. Market Overview As of now, Shiba Inu's market capitalization has experienced a 4.46% drop, standing at $4,697,098,306. However, a notable silver lining is the over 41% surge in trading volume, suggesting that SHIB traders still maintain optimism in the market. Read Also: BitTrade Expands Lending Services to Include SHIB and XRP Amid Rising Demand Changelly remains positive about Shiba Inu's performance for the remainder of the trading week. The platform projects a potential recovery, estimating that...

Shiba Inu Lead Developer Exposes Scam Attempt Targeting SHI Stablecoin and TREAT Token Launch

21Nov

By Onche Michael ONo Comments

Shiba Inu

Shiba Inu Lead Developer Exposes Scam Attempt Targeting SHI Stablecoin and TREAT Token Launch

In a recent development, the highly anticipated launch of the SHI stablecoin and TREAT Token in the Shiba Inu ecosystem has become a target for bad actors seeking to exploit unsuspecting investors. Despite the fraudulent attempts, the Shiba Inu team, led by developer Shytoshi Kusama, has remained vigilant in calling out and debunking these scams. Unmasking a Scammer: Shytoshi Kusama Takes Action Shytoshi Kusama recently exposed a user on the X platform who was promoting a fake version of the TREAT token and SHI stablecoin. The user's post, enticing users to explore new SHIB launches, included contract addresses for the purported tokens and garnered over 5000 views. Notably, the account had Shytoshi Kusama as a follower, potentially increasing its visibility. Read Also: Terra Classic (...

Shiba Inu (SHIB) Surges in Adoption as CoinGate Celebrates Second Anniversary Milestone

20Nov

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu (SHIB) Surges in Adoption as CoinGate Celebrates Second Anniversary Milestone

In a recent tweet, prominent payment processor CoinGate proudly announced Shiba Inu's (SHIB) remarkable ascent as one of its most widely used payment methods, marking the second anniversary of the cryptocurrency's integration into the platform. Shiba Inu has secured its position as the fifteenth most preferred payment option on CoinGate, signifying a significant stride for the token and providing global merchants with the ability to accept SHIB transactions seamlessly. Read Also: Terra Luna Classic (LUNC) Community Approves v2.3.0 Upgrade with Dynamic Validator Commissions https://twitter.com/CoinGatecom/status/1725518477664845899 CoinGate expresses enthusiasm for Shiba Inu's growth CoinGate, in its celebratory notification, expressed enthusiasm for the continued growth and success...

Shiba Inu’s Shibarium Achieves Top 5 Ranking on NOWNodes, Sparks Enthusiasm from Community

17Nov

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu’s Shibarium Achieves Top 5 Ranking on NOWNodes, Sparks Enthusiasm from Community

In a recent announcement, blockchain service provider NOWNodes disclosed a significant milestone for Shibarium, the Shiba Inu-focused blockchain. The platform revealed a need to scale its capacity to meet the growing demand for Shibarium, a move that has elevated it to the Top 5 most active networks on NOWNodes. The news caught the attention of the official Shiba Inu X handle, prompting an excited "Woof" comment from the Shiba Inu team. The team expressed their enthusiasm, stating, "Woof! Scaling to new heights. Shibarium just entered the Top 5 most active networks on NOWNodes, and we’re just getting warmed up." Read Also: Successful Vote on Proposal #11873 Signals Positive Momentum for $LUNC https://twitter.com/Shibtoken/status/1725246149387255813 Shibarium RPC This achievement...

Manny Pacquiao Foundation Teams Up with Shiba Inu to Revolutionize Philanthropy Through Blockchain

16Nov

By CryptolifedigitalNo Comments

Shiba Inu

Manny Pacquiao Foundation Teams Up with Shiba Inu to Revolutionize Philanthropy Through Blockchain

In a groundbreaking announcement via Twitter, the Manny Pacquiao Foundation revealed an exciting collaboration with Shiba Inu, expressing gratitude to the SHIB Army for their support. The strategic partnership aims to integrate Shibarium, Shiba Inu's layer two blockchains, into the operations of the Manny Pacquiao Foundation, marking a significant leap forward in philanthropic endeavours. https://twitter.com/MPac_Foundation/status/1724595473833734595 According to an official press release, the implementation of Shibarium is set to revolutionize the foundation's activities by enhancing efficiency, optimizing processes, and ensuring secure record-keeping. Blockchain technology will be pivotal in tracking donations and fundraising, facilitating seamless fund distribution, and managing v...

Marswap Unveils Groundbreaking On/Off-Ramp Capability for Shibarium Network, Integrates PayPal Payment Option

14Nov

By OLAJIDE SAMUELNo Comments

Shiba Inu

Marswap Unveils Groundbreaking On/Off-Ramp Capability for Shibarium Network, Integrates PayPal Payment Option

In a significant stride towards enhancing user accessibility and utility within the Shibarium network, Marswap, the decentralized exchange (DEX) based on Shibarium, has announced the successful development and live demonstration of an on/off-ramp protocol. This revolutionary feature was showcased by Marswap's CEO, Ian (@ICawrey), in a recent live broadcast on the project's community Telegram group. Read Also: Binance Unveils Exclusive Promotion with 13% APR on USDT Simple Earn Flexible Products https://twitter.com/MARSWAP1/status/1723104888446476707 During the live demonstration, Ian demonstrated the capability to seamlessly purchase BONE tokens on the Shibarium network using a bank card. What sets this development apart is the subsequent sale of the acquired tokens back to fiat, ...

Shiba Inu (SHIB) Announces Exciting Developments: 3,000 Free NFT Covers Await Subscribers

13Nov

By OLAJIDE SAMUELNo Comments

Shiba Inu

Shiba Inu (SHIB) Announces Exciting Developments: 3,000 Free NFT Covers Await Subscribers

Shiba Inu (SHIB) enthusiasts have reason to celebrate as lead developer Shytoshi Kusama announces a groundbreaking initiative. In a recent tweet, Kusama unveiled plans to distribute 3,000 free NFT covers, adding an innovative dimension to the Shiba Inu ecosystem. As anticipation builds, followers are urged to subscribe for timely notifications on this much-anticipated release. Read Also: Terra Luna Classic (LUNC) Faces Speculation Amidst Predictions of Reaching $1.00: A Look into Past Price Action and Current Market Conditions https://twitter.com/ShytoshiKusama/status/1723447707375739233 Unveiling the Vision Shytoshi Kusama, the lead developer behind Shiba Inu, took to Twitter to share the exciting news of an upcoming distribution of 3,000 free NFT covers. This move is poised to in...