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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

Blockchain carbon credits facing crypto rout

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Like all thing crypto right now, it’s also been a tough time for blockchain based carbon credit protocols during the last quarter.

They have been subject to the same market pressure as the rest of the industry, which is struggling to regain its footing since the collapse of Terra.

The sector is also facing ongoing questions about the quality of the credits being traded inside the base carbon tokens.

In April, researchers at Carbon Plan found that 28% of the Verified Carbon Units traded in on the Toucan Protocol were from “zombie projects.”

The sector is also facing structural issues around retired credits

The Paris Agreement prohibits the trading of credits from carbon offset projects registered before 2013. But these older projects are being traded on the Toucan protocol as recently as November last year.

The sector is also facing structural issues around retired credits too.

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Crypto

El Salvador’s President promotes digital coins

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As the key Alliance for Financial Inclusion meeting kicks off, El Salvador’s President is using his address to promote crypto adoption. 

32 central banks and 12 financial officials, all representing emerging economies are attending the event. 

The President’s address will cover financial inclusion and the digital economy, and how El Salvador has benefited from being the first country in the world to adopt bitcoin as legal tender back in 2021.

Other countries attending include Paraguay, Haiti, Costa Rica and Ecuador in Latin America, plus Palestine and Pakistan in Asia.

The AFI has just resumed its in-person meetings following two years of Covid disruptions. 

The event’s policy director says El Salvador has successfully harnessed digital financial services as the nation attempts to promote bitcoin among developing countries.

“It is a watershed moment in the country’s efforts to increase unbanked people’s access to, usage of, and quality of financial services.”

AFI Policy Programs & Implementation Director Eliki Boletawa

On Twitter, the President says “Bitcoin is good for developing countries (and for humanity).”

El Salvador joined AFI in 2012 to improve digital financial services for individuals and small businesses.

Talks will continue for another two days.

Meanwhile, in the US, MiamiCoin has lost 88 per cent of its value in less than a year .

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Crypto

eBay enters the NFT world – so what does this mean for shoppers?

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eBay is the latest company to enter the NFT game, with a new collection in partnership with the web3 platform, OneOf

The company’s “Genesis” collection will feature 3D and animated interpretations of athletes depicted on Sports Illustrated covers.

There will be plenty of big names to be on the NFT collection including Former Canadian Hockey player, Wayne Gretzky.

eBay says the surge in the collectibles market is what led to its first-ever collaboration in this space.

The collection includes 13 limited-edition collectibles, which fall under green, gold, platinum and diamond-tiers.

They start at $10 and include some of the athletes making their own signature moves.

The company says it is part of its commitment to deliver “high-passion, high-value items” to eBay’s global community.

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