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Shiba Inu Update: SHIB Listed on Indian Exchange Koinbazar, Burned 103 Million Token in 24 Hours

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The popular meme coin Shiba Inu has been listed on Koinbazar, an India-based exchange platform. The new development was announced on Thursday through the company’s official Twitter handle.

“Dear Community, SHIBA Trading is on Live for USDT pair. Register Now and Start Trading!!.” @koinbazar

Koinbazar is a global cryptocurrency exchange platform where users can Buy, Sell, and Trade Bitcoin and other cryptocurrencies, unlike other Indian crypto exchanges, this platform allows U.S. customers to trade on it.

Another company supporting Shiba Inu, AMC Entertainment reported plans to start accepting SHIB in the first quarter of 2022, likely to happen in March.

The Shiba Inu community is excited about the ongoing development and the daily burn of the Shiba Inu Coin by numerous companies like Bricks Buster, Shiba Coffee Company amongst others. Recently another company, SmileLab Apps&Games launched the ‘Catch Burn Earn – Shiba Inu’ game with the objective of burning 40 percent ads revenue and sharing 20 percent with the first 3 players of the monthly leaderboard.

In the last 24 hours, a total of 103,270,223 Shiba Inu token has been burned, summing the total SHIB burned to 410,300,738,115,810 compared to 410,300,580,706,684 SHIB burned reported by Investors King on the 4th of January 2022. This showed that 177,409,126 Shiba Inu coin has sent to the dead wallet between the 4th to 6th of January 2022.

Yesterday, Shytoshi Kusama, Shiba Inu’s lead developer announced the first meeting in 2022 with Playside Games, Australia’s largest publicly listed video game developer following the partnership announced in December 2021. The partnership was an agreement to develop the Shiba Inu game within the next eight months.

In more news, Chuck Liddell, a former UFC Light-Heavyweight Champion who recently took interest in cryptocurrency set up a Twitter poll requesting his followers to choose between Shiba Inu, Dogecoin, Safemoon, and another popular cryptocurrency on Binance Smart Chain. Safemoon led the poll with 43.8 percent, while Shiba Inu had 30.6 percent.

Giving feedback on the result of the Twitter poll, Chuck Liddell tweeted “thank you to all who showed up for these 3 #Crypto coins in my poll. I have made a decision to take a set amount of money and diversify between all 3 coins the percentages of votes they received in the poll due to everyone’s ENTHUSIASM. 🤙🥶#LFG #safemoon #shiba #dogecoin”

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Cryptocurrency

Cryptocurrency Crash: It’s Not All Doom and Gloom

Research into cryptocurrency capital inflows has shown that about $140 billion is sitting in four of the leading stablecoins.

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Despite the cryptocurrency crash and rising global uncertainty, research into cryptocurrency capital inflows has shown that about $140 billion is sitting in four of the leading stablecoins as institutional investors that have been backing the cryptocurrency space in recent months assess happenings.

Capital inflow into dollar-pegged Tether’s USDT, Circle’s USDC, Binance’s BUSD, and MarkerDAO’s DAI has risen from $7 billion in the last 2 years to $147 billion in 2022, suggesting that cryptocurrency investors are not withdrawing their funds or converting to U.S. Dollar but sitting on the sideline for possible re-entry.

“The amount of money sitting on the digital sideline has never been greater and points to an abundance of patient investors ready to pounce on discounted digital assets,” Stated Digital Asset Investment Management (DAIM) analysts. “That means the ecosystem has an additional $140 billion ready to be deployed into bitcoin and altcoins.”

According to Louis Schoeman, managing director at broker comparison site Forex Suggest, we are currently experiencing the biggest crypto crash in history, with the crypto Fear and Greed index having slipped into “extreme fear” category.

However, it’s not all doom and gloom. Coins such as Bitcoin, Ethereum and Solana gained in their prices in the last 24 hours. Equity markets, too, recorded some gains including Nasdaq, the S&P 500 and Dow Jones Industrial Average.

“It’s worth noting that various coins including Bitcoin were heavily inflated in a bubble over the last 2 years, so a crash of this enormity was bound to happen. With investors dumping assets in response to high inflation and the semi-collapse of the Celsius network driving the downward spiral, I think only the best fundamentally strong crypto projects will survive this bear market, as is proving to be.

This is a cleansing process of note as we believe between 80% – 90% of the crypto projects will not survive this period especially if Bitcoin falls below $20,000 again.

But, it also serves as a massive opportunity for many no-coiners to enter the crypto market for the 1st time ever.

Fortune favours the brave in crypto right now.”

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Binance, the World’s Largest Cryptocurrency Exchange, is 5 Years Old Today

Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, is celebrating its 5th anniversary by eliminating trading fees on a wide range of bitcoin spot trading pairs.

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Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, is celebrating its 5th anniversary by eliminating trading fees on a wide range of bitcoin spot trading pairs. While Binance has long maintained one of the lowest spot trading fees in the industry, it is establishing itself as the global leader in pricing with this latest move.

From July 8, users will be able to enjoy fee-free trading on thirteen stablecoin and fiat combinations including BTC/USDT, BTC/BUSD, BTC/USDC, BTC/EUR, BTC/TRY, and more. The new trading fees will be in effect until further notice, allowing Binance users globally to enjoy the fee-free feeling beyond the two weeks of anniversary celebrations.

Binance Founder and CEO “CZ” (Changpeng Zhao) said: “In line with our user-first philosophy, Binance has always strived to provide the most competitive fees in the industry. At its core, Binance is an inclusive platform with accessibility in mind. Eliminating the trading fees on selected BTC spot trading pairs is another move towards that direction.”

“Within the span of five years, Binance has amassed an amazing community that believes in us and supports our vision. Our growth and achievements would not have been possible without them. We hope to give back to the community by providing them with the world’s best products and services,” added CZ.

Binance launched in July 2017 as a crypto-to-crypto exchange and within six months, became the world’s largest crypto exchange. Today, Binance is a global blockchain ecosystem spanning across trading services, infrastructure solutions, educational resources, research, social good and charitable programs, investment and incubation initiatives, and more. By providing access to broad financial tools while maintaining one of the lowest fees in the business, Binance is making crypto accessible to everyone in Africa and beyond.

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Bitcoin

Bitcoin, Other Cryptocurrencies Rebound on Thursday

Bitcoin, the world’s most dominant cryptocurrency, appreciated by 4.53% in the last 24 hours to take its gains to 12.64% in the last 7 days.

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The cryptocurrency space came alive in the last 24 hours to extend its gains for the week despite growing global uncertainties amid recession fears.

Bitcoin, the world’s most dominant cryptocurrency, appreciated by 4.53% in the last 24 hours to take its gains to 12.64% in the last 7 days.

In the last 7 days, Eth, the token of the Ethereum protocol, has gained 21.36% from about $1000 a coin it traded a week ago to $1,235.67 on Thursday.

Similarly, BNB extended its gains to $242.45, an increase of 1.40% in 24 hours and 14.33% in the last 7 days to underscore a possible shift in the financial markets towards cryptocurrency, especially with global assets, both traditional haven assets like gold and even risk assets like stocks, commodities, etc, trading at a record-low.

Bitcoin and other cryptocurrencies crashed after Luna stablecoin plunged from over $40 billion market value or $90 a coin to about $800,000 in market value or $0.00004 a coin. The huge decline and the speed in which it happens, three days, sent a shocking wave to the investment world and alerted people to the danger of investing in an unproven and regulated space like cryptocurrency.

However, seasoned traders have said it is not unique and newbies would have to learn that in cryptocurrency investing, there are bearish and bullish seasons. This, they attributed to the Bitcoin Halving, a process in which Bitcoin reward for miners is halved after every 210,000 blocks or four years.

Still, experts like Changpeng Zhao, the Chief Executive Officer of Binance and the richest cryptocurrency investor alive, had called on people to only invest in cryptocurrency projects with real-world use cases.

Popularly known as CZ and estimated by Bloomberg to have a net worth of $96 billion, had repeatedly said the cryptocurrency space is here to stay and encourages inventors and innovators to focus on solving real-life problems.

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