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Shiba Inu is currently trading at the $0.00001344 mark on Friday and is mostly moving sideways in the charts. Investors who took an entry position in SHIB are waiting for the token to make them turn millionaires. They are inspired by the stories of early investors who put in a mere $1,000 and took home more than a million in profits. Present-day investors are hoping that the token will replicate its previous price run and make their portfolios swell. Also Read: Solana vs Litecoin: 5% Drop for SOL & LTC Eyes $200 Resistance Source: Coingecko Early investors who poured $1,000 into Shiba Inu and took home a million invested when its price was around $0.0000000001. SHIB deleted five zeroes and delivered them $1 million in profits and now its price is at the $0.00001 mark. So how many more zeroes should Shiba Inu delete now to turn an investment of $1,000 turn into $1 million? Let’s find out below! Also Read: Charles Schwab on the U.S. Dollar’s 7.3% Slide and What’s Ahead Shiba Inu: At...

Ripple, the XRP Ledger (XRP) developer and largest holder, spent 150 million XRP from this month’s reserves on July 9. The sale is worth $64.5 million , $13.5 million less than the same activity last month, as reported by Finbold. On July 1, the company released 1 billion XRP from the initial distribution, locked in monthly escrows until 2027. Ripple then sent 200 million XRP to its treasury account and relocked the remaining 800 million in new escrows. Additionally, the ‘Ripple (35)‘ account sent an extra 100 million tokens to the sell-off reserves , totaling 300 million XRP. Picks for you eOracle and Hexagate announce the Gate Protocol Security Oracle for a ‘DeFi Firewall’ 15 mins ago Banking giant predicts sharp interest rate cuts ...

A Chinese trader claims that Binance ignored “extremely abnormal transactions” and failed to freeze funds belonging to an “obvious hacker,” leading to them losing their $1 million life savings via a promotional Google plugin. The trader, who goes by the name ‘CryptoNakamao’ on social media, reportedly used the Aggr plugin to access trading data. However, it actually allowed hackers to find a way around password and two-factor authentication (2FA) protection to gain access to their Binance account. Once into their account, CryptoNakamao explains that the Hack er bought several tokens in the Tether trading pair — which had abundant liquidity – and placed sell orders in Bitcoin, USD Coin, and other trading pairs — which had scarce liquidity. Then, despite not being able to withdraw funds directly , the Hack er was able to open leveraged positions, buy a large amount in excess, and complete their cross-trading. The trader says they noticed their account trading randomly on ...

Riot Platforms offers $950M to acquire Canadian Bitcoin miner Bitfarms. Bitfarms is facing leadership turmoil amid CEO Geoffrey Morphy’s lawsuit. The merger would create largest publicly listed Bitcoin miner by capacity. Riot Platforms, a prominent Bitcoin miner and Bitfarms’ largest shareholder, has made a hostile takeover offer of $950 million for Bitfarms, a Canadian Bitcoin mining company. Riot’s buyout offer represents a 24% premium over Bitfarms’ one-month volume-weighted average share price as of May 24, 2024. Shareholders to own 17% of Bitfarms after Riot’s takeover Riot Platforms, already the largest shareholder in Bitfarms with a 9.25% stake, had initially approached Bitfarms’ board with a private offer on April 22. However, following the rejection of the offer, Riot has now taken the proposal public. The deal would involve a combination of cash and common stock, with Bitfarms shareholders standing to own app...

A Bitcoin (BTC) whale turned bullish in May and recently restarted accumulating coins. The address went from a nearly $20 million worth balance to $175 million this month, holding over 2,600 BTC. Notably, the Bitcoin Whale address possibly belongs to a cryptocurrency trader, as it shows a high buying and selling activity. Historically, ‘124BPp9mTaXxTXiRx8cxEZDd4sGjoxGk9F‘ received a total of 150,435 BTC and spent 147,831 BTC—consistent trading activity since 2018. Bitcoin Whale ‘124BPp9mTaXxTXiRx8cxEZDd4sGjoxGk9F’, history. Source: mempool.space In particular, the whale sold over 2,800 Bitcoin from March to April, holding a remaining 287 BTC bearish balance. However, it started gradually stack ing coins on May 3, with its most relevant activity happening in the past 24 hours. Picks for you Is the recession here? U.S. delinquency rate surges to highest level in 14 years 12 mins ago Venezuela to shut down cryptocurrency mining farms 16 hours...

The cryptocurrency market has seen the creation of over one million new tokens in just 30 days. This explosive growth highlights the rapid development and increasing interest in digital assets. Ethereum (ETH) has seen 372,642 new tokens since April 1st, with 88% on Coinbase’s layer-2 blockchain, Base. Meanwhile, Solana (SOL) has witnessed a significant influx of new tokens , driven by the popularity of memecoins. This unprecedented activity underscores the dynamic evolution of the crypto landscape. Conor Grogan , Coinbase Director, highlighted in an X (formerly Twitter) post that this number is double the number of tokens created on Ethereum between 2015 and 2023.  Picks for you Native DYDX staking now on Anchorage Digital  12 mins ago Bitcoin network activity at 5-year low while BTC price is 10x higher 40 mins ago CROSS THE AGES secures $3.5M in equity round led by Animoca Brands 1 hour ago Bitcoin ‘danger zone’ is ‘officially over,’ What’s next for B...

A memecoin “OZMPC”, unaffiliated with the trending blood sugar drug, launched on Coinbase’s blockchain, Base. Within an hour, CoinGecko’s Terminal warned that the Ozempic Meme coin had precariously thin liquidity across its trading pairs. The token OZMPC is an abbreviation of Ozempic, yet is completely unauthorized by Novo Nordisk , the Danish maker of the Type 2 diabetes prescription drug. Novo Nordisk has not bothered to comment on the coin. The pharma giant owns global rights to the drug Ozempic and could assert its legal rights against the operators of this unlicensed crypto token. OZMPC’s creator imposed a punishing, 70% tax on buy transactions during its launch phase. This instantly drained the majority of early buying into the project. The token has fallen 65% from its all-time high and now trades far below one penny.  With a negligible market capitalization, Gecko Terminal prominently warns potential buyers that its vanishingly thin liquidity could lead t...

Key takeaways The cryptocurrency market has been consolidating since the start of the week, with BTC still trading above $51k. Memeinator’s presale is now approaching the $5 million mark and will soon enter the 16th stage. Bitcoin stagnates above $51k The cryptocurrency market has been consolidating since the start of the week. Bitcoin has stabilised around the $51k region over the last few days following last week’s rally. Meanwhile, Ether topped the $3k psychological level earlier this week after outperforming Bitcoin.  With the market still in consolidation, this might be the perfect time to purchase more crypto assets and invest in new and exciting projects. One of the projects that could pique your interest is Memeinator . The project is working to disrupt the entire meme industry and provide more value to investors and users.  What is Memeinator? Before investing in Memeinator, you need to know what the project is and how th...

Ripple Labs recently transfer red a substantial amount of its cryptocurrency, with a total of 27.7 million XRP, valued at roughly $14.4 million , to Bitstamp.  According to the data from Whale Alert, the transfer originated from a wallet not immediately identifiable. However, Bithomb Explorer’s deeper Analysis indicated that the wallet is linked to Ripple Labs, with a transaction history dating back to February 2022. This wallet has demonstrated consistent outflows, suggesting it’s a primary channel for Ripple Labs to manage its financial assets. 27,700,000 #XRP (14,482,315 USD) transfer red from unknown wallet to #Bitstamphttps://t.co/JmHPN5e6CS — Whale Alert (@whale_alert) January 28, 2024 You might also like: Tether minted another $1b USDT on Tron, here’s why Such large-scale transfer s are not unusual for Ripple Labs, particularly in light of its monthly escrow releases. The monthly escrow is in place to create certainty of XRP supply at any give...

Although the majority of assets in the cryptocurrency industry have turned a greener leaf in anticipation of an approval of the first spot Bitcoin (BTC) exchange-traded fund (ETF), XRP is recording losses in value. However, it has excelled elsewhere – in the number of active accounts . As it happens, the XRP token has recently reached a major milestone of over 5 million active accounts with XRP holdings on the underlying XRP Ledger blockchain, according to the data shared by the analytics platform XRPScan in an X post on January 8. XRP distribution across accounts. Source: XRPScan Indeed, according to recent information, there are now 5,001,597 active accounts with XRP balance on XRP Ledger – a massive success for the crypto asset that has suffered from being at the center of the legal standoff between the United States Securities and Exchange Commission (SEC) and Ripple. XRP price analysis Meanwhile, XRP is changing hands at the price of $0.565, which suggests an ...

As the end of 2023 gets closer, and the cryptocurrency industry is about to enter a new year on a generally positive note, Bitcoin (BTC) has continued to make its investors rich for the past 12 months, turning nearly 70,000 of them into millionaires during this time. Indeed, there are currently 97,326 Bitcoin holders whose possessions equal at least $1 million in BTC, which indicates an increase of 69,242 or 246.55% from the figure of 28,084 holders who had at least $1 million worth of BTC on January 5, 2023, as per the latest data obtained on December 25. Bitcoin holdings distribution among addresses. Source: BitInfoCharts Breaking the numbers further, 89,864 of these addresses had a Bitcoin balance worth over $1 million . At the same time, 7,462 of them held $10 million or more of the flagship decentralized finance (DeFi) asset, compared to 24,279 holding $1 million and 3,805 of those with north of $10 million BTC on January 5, 2023. Bitcoin millionaires on Janua...

Blast was supported by a $20Ms investment from notable backers like Paradigm and Standard Crypto at launch. Blast is facing Ponzi scheme claims. Roquerre clarifies that Blast’s 4 to 5% yield comes from reputable platforms like Lido and MakerDAO. In a recent twist of events, Blast has faced scrutiny and Ponzi scheme claims. However, the founder, Tieshun Roquerre, has vehemently denied these allegations. Despite ongoing debates, the recently launched Blast platform has achieved a significant milestone with a Total Value Locked (TVL) exceeding $400 million, emphasizing the platform’s rapid growth and unique features, including ‘Blast Points’ for community engagement and an innovative approach to Layer 2 (L2) native yield generation. As the platform gains attention with a Total Value Locked (TVL) surpassing $400 million, Roquerre has sought to clarify misconceptions surrounding Blast’s innovative approach to yield generation and com...

The ‘World App’ for iOS and Android has now been downloaded 4 million times, according to data collected by its development team, Tools for Humanity. Iris-scanning project Worldcoin has reached a new milestone, as its mobile World App has now been downloaded over 4 million times, according to a November 1 blog post from the project’s team. If this number is eventually confirmed by Coingecko, it could place World App in sixth place in Coingecko’s list of most downloaded software wallets. The Worldcoin development team, called “Tools for Humanity,” also claimed that it now has over 1 million monthly users, double the number it had six months ago. World App now has more than 1 million monthly active users, 4 million downloads and 22 million transactions. Not bad for six months pic.twitter.com/pagXxTfc8E — Tools For Humanity (@tfh_technology) November 1, 2023 Worldcoin is a project that allows users to prove their humanness by having their irises scanned. Once the user has their i...