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What is happening between SHIB and Vitalik? | TICKER VIEWS

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Ethereum creator Vitalik

Vitalik donates $1B worth of Shiba Inu coin to India

Firstly a bit of context: last week, Etherum’s co-founder Vitalik Buterin donated $1 billion worth of Shiba Inu coin to a COVID-19 relief fund in India.

But the massive donation spooked buyers, causing Shiba Inu Coin to plummet.

Shib Informer said in a private chat that many people distrust the Ethereum founder, for “no good reason.”

They added that buyers were becoming increasingly concerned that the currency is at the ‘mercy of a millionaire kid now,’ much like Dogecoin is beholden to Elon Musk.

However, SHIB welcomed Vitalik’s actions, saying that he is “not dumping our token” by “acknowledging a humanitarian crisis” in a recent open letter.

Vitalik destroys 90% of his SHIB coins

Vitalik has since burned 90% of his $SHIB wallet, now owning 5% rather than 45%. The currency has since risen approximately 12%.

The owner of the Shib Informer Twitter account said in a private message:

“Imagine that you own half of the dollars in the world, and you put them all in a room put gasoline and burn it. The remaining money in the world will rise in price, right? That is what happened.”

What is Shiba Inu Coin?

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.

Shiba was founded by the mysterious Ryoshi, in 2020. 

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

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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5 Comments

5 Comments

  1. Fernando silva

    May 17, 2021 at 10:06 pm

    Awesome article.

  2. Mohsen

    May 17, 2021 at 8:54 pm

    Don’t miss the train of $SHIB. Vitalik burned 90% of his tokens and Shibaswap is coming soon
    Buy $shib now
    #SHIB #vitalik #ShibaSwap #ShibaArmy #SHIBatoken #shibcoin

  3. Gggg

    May 17, 2021 at 8:24 pm

    #SHIBARMY
    @ShibaSwap
    @elonmusk
    @JeffBezos
    @ShytoshiKusama
    @cz_binance
    #SHIBatoken
    #shiba_swap
    #shiba
    #shiba_swap
    #shibatoken
    #ShibaArmy
    #shibainutoken
    @nbcsnl

  4. Shiba Commander

    May 17, 2021 at 7:27 pm

    #shiba to the moon! $SHIB is the new Humanitarian Crypto thanks to VB’s donation! #Shiba

  5. Oscar

    May 17, 2021 at 3:34 pm

    It can be bought on over 80 exchanges and is the fastest moving new coin to ever enter the market in terms of exposure, followers and increase in coin value

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Crypto

Celsius Network propped up token with investor money

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It’s been revealed crypto lender Celsius used investor money and customer deposits to prop up its own token and inflate its balance sheet

 
Celsius gathered crypto deposits from retail customers and invested them in the wholesale crypto market.

It raised some of the initial capital to fund its business by creating and then selling its own crypto token.

Celsius filed for bankruptcy in July last year, after freezing customer withdrawals from its platform.

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Business

Binance & Mastercard to launch prepaid crypto card in Brazil

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Binance has launched a prepaid crypto card in Brazil in partnership with Mastercard

 
The card will be available to all Binance users in Brazil with a valid national ID, and allow them to make payments and pay bills with 13 cryptocurrencies.

The product is now in a soft-launch phase and “will be widely available in the coming weeks”.

Brazilian consumers are popular crypto users, as nearly half have made made at least one crypto transaction in the past year.

This isn’t the only South American nation to have the partnership between the two financial giants, as Argentina also has a similar offering.

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Crypto

South Korea to introduce virtual asset tracking system for crypto

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The South Korean Ministry of Justice has announced it is introducing a ‘virtual asset tracking system’

The aim will be to strengthen the tracking of money laundering and recovery of criminal proceeds using cryptocurrency.

Three-quarters of illegal foreign exchange transactions in South Korea are crypto-related.

The ministry will use the tracking system to check and monitor transaction records, extract details on the relationship between transactions, and confirm fund sources before and after transfers.

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