TokenHolder

2023-04-15 14:30:45 Shiba Inu Price Remains Stable Despite 538B SHIB Dump by Top Whale

Etherscan.iо data reveals that the 29th biggest Shiba Inu Whale has dumped an eye-watering 538,000,000,000 (538B) SHIB, worth $6,074,020 ($6.07M) through five significant transactions in the past twelve days.

The top Shiba Inu Whale started her selling spree on April 2nd by disposing of a calamitous 200,000,000,000 (200B) SHIB, worth $2,258,000 ($2.25M), in one significant transaction. The Whale then sold an additional 100,000,000,000 (100B) SHIB, worth $1,129,000 ($1.12M) on April 5. This was followed by the sale of 88,000,000,000 (88B) SHIB, worth $993,520 ($993.52K) on April 7.

Despite the massive amounts already sold, the whale went on to reduce her holdings by another 72,000,000,000 (72B) SHIB, valued at $812,880 ($812.88K), on April 11. In her final transaction, executed about 38 hours ago from press time, she sold an additional 78,000,000,000 (78B) SHIB, worth $880,620 ($880.62K).

Despite the intense sell-off, the Whale still holds a staggering 3,599,890,076,773 (3.59T) SHIB, worth $40,642,758 ($40.64M), in her wallet.

Recall that approximately $22 million of digital assets, including 172.55 billion SHIB, valued at $1.9 million, were lost in a recent hacking incident at Bitrue, a prominent Singapore-based exchange. As reported earlier by The Crypto Basic, the exploiter has already sold off 22.55B SHIB, worth over $254K, in six different transactions. The most recent transaction occurred at 02:34 today (UTC), involving the sale of 2 billion SHIB.

Despite the ongoing nasty selloff events, the price of Shiba Inu has continued to soar. CoinGecko data reveals that the price of SHIB has increased 6.6% over the past 14 days and 2.9% over the past week. Open / Comment

2023-04-14 16:49:14 DAO Maker exploiter returns after 200 days, sends $600,000 to Tornado Cash

An Ethereum wallet linked to the DAO Maker exploit from 2021 has just come back to life.

An address associated with the platform's exploiter sent $600,000 worth of stablecoins through Tornado Cash, according to security firm PeckShield.

The exploiter's wallet hadn't been active for over 200 days.

DAO Maker, a crowd fundraising platform that has no connection to MakerDAO, was initially exploited in August 2021. A bug in the decentralized autonomous organization's smart contract allowed the exploiter to take over $7 million of stablecoins. The funds were then spread out across several wallets.

Another wallet associated with the exploiter moved $500,000 worth of DAI in September, again using Tornado Cash.

The popular mixing service — used to obscure the details of transactions — was in the spotlight at the time, having been sanctioned by the U.S. Treasury Department's Office of Foreign Assets Control.

The sanctions mean all U.S.-based individuals and entities are prohibited from interacting with the app, given its potential for money laundering. Open / Comment

2023-04-13 21:35:45 AI Will 'Accelerate' the Metaverse, Empower Creators: The Sandbox Co-Founder

The use of artificial intelligence, or AI, may speed up the pace at which original work is created in the metaverse, said Sebastian Borget, co-founder of The Sandbox and a speaker at Consensus 2023.

“What used to take days before, from ideation and conception, can now take just a matter of seconds,” Borget told CoinDesk TV’s “First Mover” on Thursday. AI will “accelerate and empower even more creators,” he said.

The Sandbox, a culture and entertainment platform, is a user-generated and virtual gaming tool where users can build, own and sell their gaming experiences. The Hong Kong-based platform’s Game Client was installed over 1.3 million times last year, and has a digital presence in countries including Japan, China, Dubai and Saudi Arabia, Borget said.

AI has garnered widespread attention. Some of its use cases, including ChatGPT’s text generator, have been met with warm and not so warm reactions. In March, for example, Neal Stephenson, author of “Snow Crash,” a science-fiction classic novel where he coined the term “metaverse,” said that AI in general, and platforms like ChatGPT specifically, were not “at all interesting” to him.

Nonetheless, Borget said AI is one of the systems that could spur the growth of the metaverse. The technology removes the need to create every aspect of an environment or an avatar character, he said. AI can help “generate and populate the experiences that you create much faster,” he added.

AI can be leveraged by creators as a way to make the metaverse “more full of life, fun to play, creative and inclusive overall,” Borget said. Open / Comment

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2023-04-11 14:24:49 SHIB Price Depressed Under Bear Attack: Is All Hope Lost for Shiba Inu?

The Shiba Inu cryptocurrency, commonly known as SHIB, is experiencing significant pressure from bearish investors as IntoTheBlock reports the dominance of sellers in the past 24 hours. The volume of SHIB tokens sold exceeded the volume of purchases by 27.23 billion tokens, totaling 2.09 trillion.

The report revealed that there were 19 bear addresses that traded at least 1% of the total volume in the last 24 hours, while the bulls had 16. This has resulted in a rise in the number of large sellers to 128 in the last seven days, while the number of major buyers remains at 119.

A SHIB Hope
Despite this setback, there is hope for SHIB, as the altcoin season could help cryptocurrencies narrow the performance gap with Bitcoin. Altcoin season refers to a period in which alternative cryptocurrencies experience significant growth and outperform Bitcoin. This could lead to increased demand for SHIB and a potential rise in its value.

SHIB has now fallen 23.2% year-to-date against BTC. Meanwhile, Bitcoin's dominance is at one-year highs, 48.5%, and the last time the index crossed this zone was in July 2018. It can therefore be assumed that the crypto market will soon experience a redistribution of capital and money will move from expensive BTC to cheap altcoins like SHIB. The other two options are the first rise in Bitcoin dominance above 50% in five years or a major collapse of the entire market. Open / Comment

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2023-04-10 17:47:01 Report: Crypto Exchange Binance in New Partnership that Seeks to Deepen Crypto Adoption in Africa

Cryptocurrency exchange Binance said it has partnered with the video streaming service Showmax in a collaboration that seeks to deepen crypto adoption in Africa. According to a Business Day report, about 500 Nigerian Binance users enrolling to become active participants in Web3 will be rewarded with a month-long video streaming subscription.

Remarking on the crypto exchange’s latest campaign to bring crypto to the masses, Binance’s Emmanuel Ebanehita said:

We’re thrilled to be collaborating with Showmax to provide an incredible opportunity for our new users to be active participants in Web3. This promotion comes at a time where many Africans are eagerly embracing the underlying technology behind crypto.

Ebanehita added that the latest campaign also showcases the crypto exchange’s commitment to availing “accessible and convenient platforms,” making it possible for users to participate in the digital economy.

Opeoluwa Filani, the general manager at Showmax Nigeria, lauded the collaboration, which will see more people using his company’s video streaming platform.

According to Business Day, users that wish to sign up for Binance’s crypto education and adoption initiative must complete registration and perform a transaction worth $10. Users will confirm their participation in the campaign by filling out a form. Open / Comment

2023-04-09 19:06:18 1 Trillion SHIB Sold Off: Bearish Market Overtakes Shiba Inu Bulls

As IntoTheBlock revealed, the number of Shiba Inu tokens sold outnumbered purchases by 37.11 billion and brought the total sales value in the last 24 hours to the 1 trillion SHIB mark. Seller pressure continues to be exerted on Shiba Inu from as early as Tuesday, and the delta between sales and purchases of the token is already 229.7 billion SHIB at that time.

However, while the number of bears on Shiba Inu is rising, the number is still inferior to that of bulls during the week. Thus, since the beginning of April, the number of those who believe in an increase in the price of SHIB is 126 addresses, while those who bet on a decrease are 116. Given that IntoTheBlock only counts addresses that trade at least 1% of the total daily token volume, a difference of 10 of them is quite significant.

Shiba Inu (SHIB) price action
The shift of initiative from bulls to bears on Shiba Inu is also clearly visible on the token's price chart. From peaks set at the beginning of the week, SHIB price fell by 6.5% by the end of the week, dipping below $0.000011 again.

In the broader picture, SHIB continues to flounder in the middle of the price range with no obvious direction, as does the rest of the crypto market. That said, it is likely that this silence in volatility will be broken as early as next week on the back of the Fed's Open Market Committee meeting. Open / Comment

2023-04-08 14:01:20 Under-the-Radar Crypto Project Surges More Than 100% This Week Amid Global Expansion Efforts

An under-the-radar customer loyalty crypto project has skyrocketed by more than 101% this week amid new global expansion efforts.

The MiL.k Alliance (MLK) bills itself as a platform “that brings together the points of lifestyle services and makes them interchangeable for other services” for its customers.

The project’s native token, MLK, is worth $0.55 at time of writing, up from $0.273 one week ago. The 223rd-ranked crypto asset by market cap is also up 15.8% in the past 24 hours.

The MiL.k Alliance’s gains come amid a bourgeoning global expansion effort. Last month, the project inked a new partnership with GetPlus, an Indonesia-based loyalty point integration platform. Both platforms agreed to a point exchange service that they plan to launch in the second quarter of 2023.

Says Jungmin Cho, the chief executive of Milk Partners, the firm that operates MiL.k,

“The usability of MiL.k has been globally expanded through this partnership with GetPlus, which is the largest point integration service in Indonesia… from this partnership with GetPlus, we will expand various blockchain-related businesses in Indonesia by utilizing our technology and experience.”

In January, the MiL.k Alliance also announced new “co-marketing activity” with Boost, a Malaysian fintech project, in an effort to attract new users in Malaysia. Open / Comment