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The Shiba Inu (SHIB) network has been one of the best-performing assets over the years. The second-largest meme coin managed to change the lives of many since its origin. The asset’s rise in the 2021 rally is an essential part of the cryptocurrency book. But SHIB’s latest rise has led several investors revaluating their choices. Also Read: Solana: VanEck Exec Predicts SOL ETF Launch: Here’s When Shiba Inu’s Recent Spike Shiba Inu was one of the top performers over the past month. Similar to Dogecoin (DOGE), the second largest meme coin, Shiba Inu, recorded a notable uptick. This Donald Trump-induced spike brought about great gains for investors. SHIB surged by over 30% over the past month. The asset went from trading at a low of $0.00001665 to a high of $0.00002938. At press time, SHIB was trading at $0.000025 following a 1.59% dip over the past 24 hours. Source The asset even reached an all-time high of $0.00008845 about three years ago in 2021. Currently, SHIB is 71%...

The digital asset sector was met with a harrowing reality Tuesday morning, as Bitcoin liquidations have surpassed the $500 million market amid a down crypto market. Indeed, the leading cryptocurrency fell drastically amid ongoing geopolitical tensions arising in the Middle East. The development has certainly been difficult for traders who expected a much different start to October. There had been rumblings that BTC would return to its $70,000 yearly highs with ‘Uptober‘ nearing. Yet, those kinds of levels are certainly in jeopardy amid the current state of the market. Also Read: Stay Ahead: Metaplanet’s ¥1 Billion Bitcoin Purchase Explained BTC Liquidations Reach $500 Million as October Gets Off to Horrid Start After struggling throughout the summer months, fall was meant to get Bitcoin back on track. The asset got off to a hot start in 2024. January saw it become the first crypto-based ETF in the United States. Just three months later, it would reach a record price of $73,0...

Amid a large economic downturn recently, there are wide concerns about an incoming recession in the United States. With that, the US dollar and overall economy take a huge tumble, heavily harming investors’ wallets. However, with its recent growth and developments as a major talking point, some analysts believe that Bitcoin , the leading cryptocurrency, could be a “safe haven” amid the recession concerns. Indeed, Bitcoin is growing more and more popular each day in the US, even becoming a talking point in government and in the presidential election. The US Department of Justice currently holds billions of dollars worth of seized bitcoin. With this stash, there have been proposals to transfer Bitcoin to the Department of the Treasury to transform BTC into a reserve currency for the country, which has brought mixed reactions. While it may be a long and complex process, the idea isn’t impossible and would set Bitcoin up to be a major game-changer for the safety of t...

In a year marked by significant volatility in the cryptocurrency market, BNB Chain (BNB) and Cardano (ADA) have emerged as two key players.  With BNB hitting all-time highs and Cardano showing renewed vigor through strategic advancements, investors are keen to know which asset promises better returns in the coming months. Inlight of these positive outlooks, Finbold turned to ChatGPT-4o to determine which might be the better investment for the second half of 2024. Picks for you Ava Protocol raises $10 million in Seed+ funding 2 mins ago $2 trillion investment fund warns of more U.S. bank failures 2 mins ago U.S. in crisis zone as governmen...

In today’s weekly recap, the focus is on the proliferation of global regulatory efforts, with Nigeria finally lifting its ban on crypto currency transactions. Post-implosion developments surfaced, involving Do Kwon, 3AC and Sam Bankman-Fried.  Do Kwon extradition overturned Recall that the Podgorica High Court approved the extradition of Terra founder Do Kwon to either South Korea or the United States. Subsequent reports suggested that the U.S. might be the favorite to receive the former fugitive. While both countries vied to secure custody of Do Kwon, reports from this week confirmed that the Montenegro Court of Appeal had overturned the earlier extradition approval. The court cited violations of criminal procedures. Court freezes assets belonging to 3AC Hedge fund Three Arrows Capital (3AC) saw a court in the British Virgin Islands freeze over $1 billion in assets belonging to the imploded hedge fund. As a result of this asset freeze, executives at 3AC — including ...

A British Virgin Islands court has stepped in to prevent Three Arrows Capital (3AC) founders Kyle Davies and Su Zhu from transferring or selling more than $1 billion in assets with creditors still chasing the collapsed fund’s owners for more than $3 billion. The announcement came one day after a domestic freezing order was issued by a court in Singapore. 3AC operated out of Singapore but filed for bankruptcy in the British Virgin Islands. According to a statement from 3AC’s liquidator Teneo, $1.4 billion in assets have been frozen while creditors are still owed somewhere in the region of $3.3 billion. Davies’ wife Kelly Chen has also been barred from moving assets. “The worldwide freezing order has been sought in connection with claims that are being pursued by the liquidators that allege, amongst other things, that the found ers should be held responsible for causing 3AC ’s position to deteriorate by an amount that is equivalent to the value of the freezing orders sought,” the sta...

Discover how to protect your crypto and recognize the early signs of a potential exchange collapse in this essential guide. The downfall in November 2022 of the FTX crypto exchange is a stark reminder of the risks inherent in this high-stakes financial sector.  The rapid fall, sparked by revelations of questionable financial health, left investors scrambling, underscoring the necessity for robust contingency planning.  Understanding the impacts of such a collapse, recognizing the warning signs, and knowing how to prepare can be the difference between safeguarding your assets and financial ruin. How does a crypto exchange collapse affect you? A crypto exchange collapse can happen for various reasons, including security breaches, hacking incidents, insolvency, or fraud. The effects of such an occurrence include the following: Money loss Anyone with funds in a collapsed exchange faces the possibility of losing it. The exchange may freeze the funds, or the customer may no longe...

Join Our Telegram channel to stay up to date on breaking news coverage During these difficult times, as rumors fly about how much cryptocurrency will be worth following the catastrophic collapse of the cryptocurrency exchange FTX and other significant platforms, a crucial question has emerged: “Who will keep your cryptocurrency safe?” As a result, some members of the cryptocurrency community are urging a return to its decentralized origins. “Not your keys, not your coins” is one of the movement’s rallying cries. Or, only have faith in yourself. But in order to do so, people must manage their own cryptocurrency wallets, which is a trickier but safer method that necessitates creating sophisticated passwords and occasionally purchasing real hardware to store money as opposed to entrusting it to an exchange. A company like FTX was intended to keep your funds, but instead, they ended up lending them out, stated Tracy Wang, deputy managing editor at t...