What a dizzying week in the world of cryptocurrencies! From the sensational surge in SHIB burn rate to musings on the future of Bitcoin, it was all happening. This roundup brings you the highlights from the exciting world of digital currencies.
Shiba Inu's Burn Rate Soars: He Shiba Inu symbolic SHIB/USD experienced an impressive increase in its burn rate last Wednesday, increasing by a whopping 1000% in just 24 hours. This happened after a staggering 164 million tokens were permanently removed from circulation. According to data from Etherscan, two previously inactive cryptocurrency wallets received substantial withdrawals from cryptocurrency exchanges Binance and MEXC. This indicates the arrival of new Shiba Inu whales with more than $500,000 in SHIB. Read the full article here.
Robert Kiyosaki questions the future of Bitcoin: Robert Kiyosaki, author of โRich Dad, Poor Dad,โ reflected on the future of bitcoin BTC/USD and the US dollar, following Citibank's announcement of a new blockchain technology service. Kiyosaki's comments on X (formerly Twitter) expressed concern about the potential impact of Citibank's blockchain technology on Bitcoin and the US dollar. Read the full article here.
From Rags to Riches with Shiba Inu: A fascinating story emerged of two brothers from New York who skyrocketed to become millionaires thanks to their investment in the Shiba Inu token. The brothers, who preferred to remain anonymous, invested in the 'Dogecoin killer' when its value was just a fraction of a cent. Read the full article here.
Vitalik Buterin's Important Coinbase Deposit: Ethereum ETH/USD co-founder, Vitalik Buterinmade a substantial deposit on the cryptocurrency exchange Coinbase CURRENCY. Deposited 400 ETH, equivalent to approximately $632,000. This move was made amid a notable drop in the cryptocurrency market, with Ether experiencing a 3% drop over the past week. Read the full article here.
Mark Yusko's Bitcoin Predictions: Mark Yuskofounder and CEO of Morgan Creek Capital Management, spoke about his bullish stance on the future of Bitcoin. Yusko, who is well aware of the evolution of the Internet from web1 to web3, sees significant growth potential in the cryptocurrency sector. Read the full article here.
Read next: Check out Benzinga's real estate deal screener to find passive real estate investing opportunities, including options to invest in rental properties. with only $100.
Shiba Inu Shibarium. Image via CryptoFX on Shutterstock
Designed by Neuro BenzingaEdited by
Navdeep Yadav
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga ecosystem, including native data, APIs, and more, to create rich, timely stories for you.
Learn more.
