“We’re Not Going to Talk About” SHIB Listing, says COO as Robinhood’s Crypto Wallet Waitlist Jumps

“We’re Not Going to Talk About” SHIB Listing, says COO as Robinhood’s Crypto Wallet Waitlist Jumps to 1.6 Million

Robinhood will not follow Coinbase in listing as many coins as they can legally for “short-term gain” as it might not be “worth the long-term trade-off” for users.

Robinhood Markets (HOOD) now has a total of 1.6 million people on the waitlist for its cryptocurrency wallet, up from 1 million just a few weeks ago, said Christine Brown, chief operating officer of Robinhood Crypto, at a conference.

The company’s crypto wallet will allow its users to move the crypto assets in and out of Robinhood’s brokerage account. She added that it is currently on track to be launched late in the first quarter of next year.

During the event, Brown was also asked when the trading app plans to list meme coin Shiba Inu (SHIB).

“The first thing is that we’re not going to talk about it,” said Brown, who assumed her role in the company in April.

According to her, Robinhood does not intend to follow Coinbase, which has been aiming to list as many coins as they can legally.

“I also think that our strategy is a little bit different than a lot of the other players out there who are just racing to list as many assets as possible right now,” she added. “We think that the short-term gain we might get is not worth the long-term trade-off for our users.”

Currently, there are a limited number of cryptocurrencies listed on the platform, seven to be exact with Dogecoin (DOGE), a popular meme coin, and Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Bitcoin SV (BSV), and Bitcoin Cash (BCH).

Dogecoin competitor SHIB has rallied ​​95,678,052% in the past year, and its enthusiasts have urged Robinhood to list the coin too. Brown, however, emphasized that they are a “safety-first company” and are “assessing everything from a regulatory perspective really well.”

While Brown pushed for customer safety, on Monday, Robinhood confirmed that it was hacked last week, and more than five million customer email addresses and two million customer names were exposed in this data breach.

The company said that a malicious hacker socially engineered a customer service representative over the phone earlier this month to get access to customer support systems.

The hacker “demanded an extortion payment,” but Robinhood said it instead notified law enforcement. The company has also hired security firm Mandiant to investigate the breach.

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Author: AnTy

Publicly Traded Company Buys 833,000,000 SHIB to Offer its Investors Meme Exposure

Publicly Traded Company Buys 833,000,000 SHIB to Offer its Investors Meme Exposure

Though worth just $50k, Tokens.com notes it is the first publicly-traded company to expose its investors to the SHIB cryptocurrency.

Publicly traded company Tokens.com Corp announced on Monday that it had bought 833 million SHIB tokens earlier this month.

While a good amount of tokens, this investment was worth between $50,000 and $60,000 the day the company bought the tokens. Tokens.com said it bought SHIB tokens on Nov. 3, less than a week after its ATH, when the price was between $0.000071 and $0.0000632.

But the fact that a publicly-traded company has invested in the meme coin, though a crypto-focused company, it’s a good thing for SHIB.

“We believe we are the first publicly-traded company to provide its investors with exposure to SHIB tokens,” commented CEO Andrew Kiguel.

As of writing, SHIB has been trading at $0.00005606, down 35.5% from its all-time high of $0.00008616 hit eleven days back when it surpassed its competitor Dogecoin in market cap. Since then, the $36.8 billion market cap DOGE has taken its place, at 9th place, above Shiba Inu’s 11th place with a market cap of $30.7 bln.

In its official announcement, the company defined Shiba Inu as an Ethereum-based token alternative to Dogecoin (DOGE), which operates on the environmentally friendly Proof-of-Stake (PoS) platform. Unlike Dogecoin, which is just a meme coin, the SHIB ecosystem also supports NFT, GameFi, and decentralized trading through Shibaswap.

“Shiba Inu has evolved to become one of the largest, most popular, and liquid cryptocurrencies in the world with a very loyal following,” said Kiguel adding it was due to the low trading price of SHIB that they were able to purchase a significant number of tokens.

Recently, the SHIB community got some excitement going for it when it was found that the source code of Elon Musk’s electric car maker Tesla’s website had Shib under the payment type section.

ShibaSwap developer also acknowledged this on Twitter but said Musk could very well be trolling the SHIB community, or it could be a code name for some other dog currency like Dogecoin, which Musk favors. Nothing regarding this has been revealed by Tesla yet.

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Author: AnTy

Shiba Inu (SHIB) Leads the Crypto Market, Currently the Most Traded Asset on Binance, Coinbase, and Huobi

Shiba Inu (SHIB) Leads the Crypto Market, Currently the Most Traded Asset on Binance, Coinbase, and Huobi

Shiba Inu enthusiasts have also made a petition to get the SHIB token listed on Robinhood, which has gained 200,952 signatures so far.

The latest coin leading the crypto market is Shiba Inu (SHIB).

Up more than 240% in the past 7-days, the SHIB token is currently trading at $0.00002380. Even more exciting is that from its low in late November, SHIB is up a whopping 41,673,167%.

Despite the recent gains, the funding rate on SHIB perpetual contracts is still negative, as per Bybt, which gives hope to an extension of this uptrend.

Just five months back, SHIB had made a new all-time high of $0.00003791 and is currently down 38% from this peak.

Much like in May, the volumes for the crypto asset are seeing a big spike for the last couple of days.

Additionally, much of this trading activity is actually happening on the biggest cryptocurrency exchanges, namely Binance, Coinbase, and Huobi. According to CoinGecko, in the past 24 hours, Binance had recorded $4.2 billion, Coinbase $1.85 billion, and $1.13 billion on Huobi in SHIB volume.

Interestingly, on Coinbase, SHIB is doing more volume than Bitcoin right now. 30.32% of Coinbase’s total volume is currently coming from SHIB against USD and USDT, while Bitcoin, Ethereum, Solana, and Dogecoin account for 18.19%, nearly 12%, 5.22%, and over 4%, respectively.

It was only about last month that Shiba Inu was made available on Coinbase.com and in its Android and iOS apps.

The same as Coinbase, SHIB is leading the activity on Binance as well by accounting for 13.60% of its total volume, with Bitcoin coming in second at less than 10%. Similarly, about 17% of Huobi’s volume is from SHIB/USDT.

There is also a petition to get the SHIB token listed on Robinhood, which has gained 200,952 signatures so far. The petition reads,

“Dogecoin has been a huge success for Robinhood, and its investors. We have all enjoyed the ride. Shiba Inu is a similar meme coin with genuine potential.”

With Robinhood having 18 million accounts and the original meme coin DOGE already a success on the platform, such a listing is not only a lucrative opportunity for SHIB holders but also for the online brokerage company.

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Author: AnTy

“Don’t Give Me Power in Your Project,” says Ethereum Co-founder on Burning SHIB Tokens

“Don’t Give Me Power in Your Project,” says Ethereum Co-founder on Burning SHIB Tokens

Vitalik Buterin, who simply doesn’t want to be the focus of that kind of power, is in support of those earnestly working on making the world better.

After tanking the prices of Dogecoin-inspired meme coins, Ethereum co-founder Vitalik Buterin has burned a ton of SHIB tokens.

The price of SHIB tokens fell about 58.5% the day Vitalik donated a big chunk of SHIB supply along with other dog-based coins to charity.

After falling in tandem with the broad crypto market over the weekend fueled by Bitcoin sell-off, SHIB is now trading at $0.00001632, but still down 56.4% from its all-time high of $0.00003791 about a week back. BTC -6.28% Bitcoin / USD BTCUSD $ 43,537.51
-$2,734.16-6.28%
Volume 74.9 b Change -$2,734.16 Open $43,537.51 Circulating 18.71 m Market Cap 814.7 b
5 h Bitcoin’s Energy Consumption is Half of Gold and the Banking System: Galaxy Digital Mining 6 h Tether (USDT) Launches on Avalanche Which is Burning Fees at Increasing Speed 6 h Galaxy Digital Reports $860M in Net Income in Q1 2021 and Surpasses $1 Billion in AUM

Amidst all this, Vitalik burned about $6 billion worth of SHIB tokens. SHIB -8.34% SHIBA INU / USD SHIBUSD $ 0.00
$0.00-8.34%
Volume 3.46 b Change $0.00 Open $0.00 Circulating 10 t Market Cap 6.48 b
10 h “Don’t Give Me Power in Your Project,” says Ethereum Co-founder on Burning SHIB Tokens 4 d Uniswap Collecting More than Double the Fees Daily Generated by Bitcoin 4 d Is Vitalik Buterin a Villain or a Hero for Dumping the Dog Meme Coins?

During this burn, Vitalik had a message embedded in the transaction for the creator of these tokens; he doesn’t want them to send half the supply to him without his consent. Vitalik’s message said,

“For anyone making coins (or DAO’s, or whatever else) in the future, PLEASE DO NOT GIVE ME COINS OR POWER IN YOUR PROJECT WITHOUT MY CONSENT! I don’t want to be a locus of power of that kind. Better to just print the coins into the hands of a worthy charity directly (though do talk to them first).”

While 90% of the remaining SHIB tokens in his wallet will be burned, Vitalik will be donating the 10% to charity with a more long-term orientation because while Covid-19 is a big problem now, “it’s important to think about the longer term future too.”

Explaining the future course of action he will be taking with these tokens, Vitalik also shared the reason behind his initial move, which was “simply holding the remaining coins in the Oxab58 wallet forever was never an option.”

“For security reasons alone, they would have to be moved to a better wallet eventually, and any transaction I make would get interpreted as an action. So… may as well just do the useful thing immediately.”

Vitalik further stated that he “supports” the SHIB community and who are earnestly working on making the world better.

“I’ve actually been impressed by how the dog token communities have treated the recent donations! Plenty of dog people have shown their generosity and their willingness to not just focus on their own profits but also be interested in making the world as a whole better.”

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Author: AnTy