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Bitcoin slam: “Disgusting and contrary to the interests of civilisation”

Adrian Franklin

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Warren Buffets partner, Charlie Munger, has slammed Bitcoin… calling it ‘disgusting and contrary to the interests of civilisation.’

The duo was speaking at Berkshire Hathaway’s annual meeting.

Bitcoin has broken records in the past months.

Bitcoin commentator Stephan Livera says Munger has miss interpreted the purpose of bitcoin.

For more Ticker’s Jackson Williams caught up with A senior market analyst for the Asia Pacific… Jeffrey Halley earlier.

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Crypto

Move over Dogecoin, SHIB coin is here

Keira Wright

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As more of us get on board the crypto train, SHIB coin is the new crypto player entering the market

The “Shiba Inu coin” also known as SHIB coin or $SHIB is rising in popularity. Much like Dogecoin – it started out as a meme, but now crypto investors are seeing some potential.

Cryptocurrencies have become ‘the new norm’ in 2021, with businesses, brands and celebrities investing in digital currency.

YOU MIGHT ALSO LIKE | SHIB drops 40% – Gets major exchange listing with OKEx

What is Shiba Coin?

Shiba was founded by the mysterious Ryoshi, in 2020. Although Ryoshi’s identity remains unknown, they agreed to speak to Ticker reporters over a telegram chat.

Ryoshi says that Shiba is “an experiment in decentralised community” to “see if a garden can thrive without tending.”

Unlike most crypto projects which are self-funded or rely on fundraising, the founders of Shiba didn’t put any funding into the project.

“They have taken ownership of the movement themselves. “Their numbers are unstoppable and they are working as a force to change their lives.”

Ryoshi, founder of Shiba inu coin

Where can you buy Shiba Coin?

Shibu Inu coin can be bought as tokens directly from their website, or through popular third parties like the Uni-swap platform.

The SHIB Token is an ERC-20, compatible with the Ethereum network. According to Shiba’s founders, they are currently ranked as the 15th currency with a market cap of about $35 billion.

It’s also been listed on many large crypto exchange platforms according to CoinMarketCap.

This includes Binance, the largest crypto exchange.

How does Shiba Coin work?

SHIB seems to draw inspiration from Dogecoin, and it has been able to ride the success of Musk’s favoured crypto.

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Crypto

Ethereum boss makes billion-dollar donation to India COVID relief

Ticker News

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Ethereum co-founder Vitalik Buterin has donated $1 billion worth of Shiba Inu coin to a COVID-19 relief fund in India.

The 27-year-old programmer transferred more than 50 trillion Shiba Inu coins to the India COVID-crypto relief fund, according to his public wallet. He also transferred 500 ethereum.

Shiba coin was valued at $1 billion at the time of transfer but cryptocurrencies are notoriously volatile – its value plunged after the donation.

Shiba Inu coin is a dogecoin spinoff that plays off the popular Elon Musk-touted dogecoin – which is a parody in itself.

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Business

Binance Holdings under investigation

William Howard

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Binance Holdings, the world’s biggest cryptocurrency exchange platform, is under investigation by the US Justice Department and Internal Revenue Service

It comes as the nation moves to ensure that any illicit and illegal activity within the mostly unregulated sector is brought to light.

Money laundering and tax officials are reportedly seeking information from individuals who have insight and understanding of Binance Holding’s business model and operations.

Based in the Cayman Islands, the company has largely avoided U-S government oversight, until now.

Last year, a report detailed that Binance was home to more criminal activity than any other crypto exchange platform.

Company spokesperson Jessica Jung says Binance takes its legal obligations very seriously and always engages with regulators in a collaborative fashion.

US bodies have express concern that the platform is being used to conceal illegal transactions, including theft and drug deals.

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