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Move over Dogecoin, SHIB coin is here

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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.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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2 Comments

2 Comments

  1. Ma

    May 13, 2021 at 9:07 am

    My investment over 10k down on shib hope it will go up

  2. Ryoshi

    May 12, 2021 at 8:57 pm

    Why anonimity? Is this another Bitconnect? Russian Razzleton?

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Crypto

How Elon Musk landed Time’s ‘Person of the Year’

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Tesla Chief Executive Officer, Elon Musk has been named Time magazine’s “Person of the Year” for 2021

It’s been a big year for Musk, whose electric car company became the most valuable carmaker in the world and his rocket company soared to the edge of space with an all-civilian crew.

The 50-year-old is also the founder and CEO of Space-X, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.

Tesla’s market value soared to more than $1 trillion U-S this year, making it more valuable than Ford Motor and General Motors combined.

‘Time’ has described Musk as “the man who aspires to save our planet and get us a new one to inhabit”.

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Crypto

Bitcoin falls 9.2% to $48,782

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It’s been a wild weekend for Bitcoin, dropping 9.29% to $48,752.15, losing $4,991.54 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 29.3% from the year’s high of $69,000 on November 10.

Ether, the coin linked to the ethereum blockchain network, dropped 3.61% to $4,070.52 on Saturday, losing $152.28 from its previous close.

The downward spiral for Bitcoin began oSaturday morning before gathering momentum after late-afternoon selling.

Between Friday evening and late Saturday afternoon Saturday, bitcoin fell from $US56,740 to $US44,800. 

As of Sunday afternoon, Bitcoin was nine per cent lower than the previous week. 

Bitcoin is notoriously volatile but jumped in value in the last year.

Concerns about the Omicron variant’s effect on the global economy have continued, with an International Monetary Fund official warning that new Covid-19 outbreaks would “dent confidence, and in that sense, we are likely to see some downgrades of our October projections for global growth”.

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Crypto

Is Twitter Changing its Name?

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Just days after Jack Dorsey resigned for the second time as CEO of Twitter, his other company, Square, is getting a name change

The parent company of Cash App and Tidal will now go under the new corporate name of “Block”.

Other individual businesses owned by Block, referred to by the company as “building blocks”, will keep their original names except for the company’s Square Crypto initiative.

Square Crypto, whilst keeping it’s ticker name of SQ on the stock exchange, will be renamed as Spiral.

These name changes follow Dorsey’s well known interest in cryptocurrency, with the business having $220 million in bitcoin in its treasury according to the Wall Street Journal.

This contributes to Dorsey, who Forbes estimates to be worth $10.8 billion, as being one of the most influential cryptocurrency advocates worldwide.

Square’s name change comes just over a month after Mark Zuckerberg rebranded Facebook group to Meta.

Square’s business involves payment systems such as banking products for retailers as well as those small square card readers you see at some vendors.

The company’s name change is therefore is simply the introduction of a new corporate name to “tie” the company’s building blocks together.

There will be no organisational change as a result of the name change which is expected to go legally into effect around December 10th..

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