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2022-09-08 18:27:02 Elon Musk $258 billion Dogecoin lawsuit expands

The $258 billion racketeering lawsuit accusing Elon Musk of running a pyramid scheme to support the cryptocurrency Dogecoin has expanded, adding seven new investor plaintiffs and six new defendants including his tunnel construction business Boring Co.

According to an amended complaint filed on Tuesday night in Manhattan federal court, Musk, his electric car company Tesla Inc (TSLA.O), his space tourism company SpaceX, Boring and others intentionally drove up the price of Dogecoin more than 36,000% over two years and then let it crash. By doing so, the defendants "profited tens of billions of dollars" at other Dogecoin investors' expense, while knowing all along that the currency lacked intrinsic value and that its value "depended solely on marketing," the complaint said.

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2022-09-07 10:30:33 Almost half of Shiba Inu’s initial circulating token supply has been burned

Since its launch in August 2020, Shiba Inu has been burned in a bid to cut its 1 quadrillion circulating supply. The milestone half way point is fast approaching. Since the start of September, 329.8 million Shiba Inu tokens have been burned, according to shiba-burn-tracker.com.

Shiba Inu tokens are burned on multiple occasions daily to tackle the issue of oversupply. Over the last 30 days, the most significant daily burn totaled 455,699,414 SHIB on Aug. 31. Shiba Inu’s initial supply was just short of 1 quadrillion tokens, which hinders the ability of capital inflow to impact the token price positively. The Shiba Inu community has its sights set on a $0.01 token price. But to achieve this based on its current circulating token supply, the SHIB market cap would need to be just under $5.5 trillion, equating to more than 5.5 times the existing total market cap.

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2022-09-06 08:45:03 Shiba Inu’s Binance Pay Users Can Now Earn Cashback and Rewards While Spending SHIB

Shiba Inu holders and holders of other cryptocurrencies supported by Binance Pay can now enjoy rewards within a limited timeframe. Starting from Sept. 5 to 8, Shiba Inu users can participate in Binance Pay’s Token Pop game and earn rewards. According to the announcement, Binance Pay has launched the next round of token pop games.

Binance Pay allows users to spend crypto to shop with supported merchants. As reported by U.Today, Binance announced the addition of Shiba Inu (SHIB) as a means of payment with the Binance Card, thus allowing users to use their assets to make purchases and pay bills at over 90 million Mastercard merchants worldwide, both in-store and online. Shiba Inu whales, or large holders, are on the move, according to IntoTheBlock data, as large transactions have increased by 183% over the past day.

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2022-09-05 14:34:02 Dogecoin and Shiba Inu Futures Now Supported by Indian Crypto Exchange Bitbns

Indian crypto exchange Bitbns has announced that it now allows users to trade futures in Shiba Inu (SHIB), Dogecoin (DOGE) and XRP. It also offers trading via Tether (USDT) margined perpetual swaps in a slew of other cryptocurrencies, including Solana (SOL), Ethereum (ETH), Cardano (ADA), Polygon (MATIC) and the native BNS token.

It charges a 0.1% trading fee, which is much lower compared to spot trading. The exchange highlighted has noted that there is no tax deducted at the source (TDS) on futures trading. The Bitbns exchange launched its futures platform in early July. It was built on its margin trading system that went live four years ago. Users are able to trade with up to 10x leverage. Bitbns allows users to take long and short positions simultaneously with the same trading instrument.

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2022-09-04 11:17:02 1 Billion SHIB Giveaway Launched by Amazon SHIB Burner

Twitter account of Travis Johnson smartphone games creator, who regularly burns SHIB, is celebrating a small milestone of increasing its follower count. It has reached the 10,000 mark. To celebrate it, Johnson tweeted that he would give away one billion Shiba Inu meme coins worth $12,500.

The billion SHIB will be given to the lucky person who first fulfills the task on time. A runner-up, the webpage of the giveaway says, will get 100,000,000 SHIB. This amount can be given to three people with a maximum value of $1,250 per winner. This is 102,291,325 SHIB at press-time. Travis Johnson is known to be the first to start using the Amazon affiliate program to burn Shiba Inu. He regularly buys SHIB with the commission fees he gets from Amazon sales and burns these tokens.

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2022-09-03 07:19:02 Dogecoin (DOGE) and Shiba Inu (SHIB) Start Correction After Bull Trap

Both Dogecoin (DOGE) and Shiba Inu (SHIB) have broken down from their respective patterns which had been in place since the June lows. But, SHIB has shown more strength by managing to hold on above an important support area. So, the most likely scenario would have DOGE falling to the $0.053 support and potentially heading even lower.

DOGE had been increasing inside an ascending parallel channel since June 14. The upward movement led to a high of $0.089, reaching the resistance line of this channel. However, the price was rejected and has been falling since. Furthermore, DOGE decreased below the $0.077 area, which was expected to provide support. Now, the area has turned to resistance. This is considered a sign of weakness, since DOGE could not even initiate a substantial retracement.

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2022-09-02 14:32:02 Shiba Inu Records 3.6 Billion SHIB Burned in August with Only 59% of Initial Supply Left

According to Crypto Eye, a portal that compiles detailed statistics on Shiba Inu, the number of SHIB burned in August was 3.6 billion tokens. This stat brings the figure of SHIB burned over the summer to 12.67 billion tokens, or $154,507 in fiat equivalent. Only 589.62 trillion, or 59% of SHIB, remains from Shiba Inu's total initial offering of 1 quadrillion.

From the interesting statistics provided at the source, we can also note that the number of SHIB holders exceeds two million addresses. At the same time, if we compare this data with the data given by U.Today in May, before the strongest fall of the crypto market, we can conclude that the number of holders has doubled. During the last month of summer, the number of recruits in the ranks of the SHIB army increased by 27,420, according to the portal.

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2022-09-01 19:32:02 Bone ShibaSwap (BONE) Triples in Value in 10 Days

Bone ShibaSwap (BONE) has been increasing at an accelerated rate since Aug 19. With its $2.10 high on Aug 30, it moved above a crucial Fib resistance level. BONE is the governance token of the ShibaSwap ecosystem. It allows holders to vote on proposals.

Since the beginning of the year, the price had struggled to break out from the $1.20 horizontal resistance area. During this time, it made three unsuccessful breakout attempts. However, the price initiated a rapid upward movement on Aug 19 and managed to successfully break out on Aug 29. Throughout this upward movement, BONE increased by 200% in 10 days and resumed its upward movement on the 11th day.

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2022-08-31 04:56:02 Shiba Inu’s BONE Token Skyrockets More Than 200% Following Listing on BlueBit.io

Bone ShibaSwap (BONE) has been increasing at an accelerated rate since Aug 19. With its $2.10 high on Aug 30, it moved above a crucial Fib resistance level. BONE is the governance token of the ShibaSwap ecosystem. It allows holders to vote on proposals, with the weight of their vote being proportional to the amount of their holdings.

Since the beginning of the year, the price had struggled to break out from the $1.20 horizontal resistance area. During this time, it made three unsuccessful breakout attempts. However, the price initiated a rapid upward movement on Aug 19 and managed to successfully break out on Aug 29. Throughout this upward movement, BONE increased by 200% in 10 days and resumed its upward movement on the 11th day. The acceleration of the upward movement over the past two days aligned with the listing of BONE in the BlueBit exchange.

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2022-08-30 18:18:02 Shiba Inu (SHIB) Developer Discusses Shiba Eternity At Gamescom 2022

Shiba Eternity card game hit the stores on iOS three weeks ago and it entered the TOP 50 in a split second. However, the SHIB Army is still awaiting any updates on the blockchain version of Shiba Eternity. The gaming industry veteran William Volk sat down with Planet Crypto at the Gamescom conference to talk all things Shiba Eternity. Gamescom is the annual conference and trade fair held in Koelnmesse in Cologne, North Rhine-Westphalia, Germany.

On the launch day, the Shiba Eternity card game had a long queue of SHIB Army members wanting to join in the fun. As a result, the developer team behind Shiba Inu (SHIB) had to increase the server capacity by 50 times. Or so they say. When asked about the Shiba Eternity launch on iOS, William Volk remembered the situation and honestly remarked: “It was much more than that, but I didn’t want to sound like an ass. It was more like 100 fold.”

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