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If You Had $1,000 Right Now, Would You Buy The Dip In Ethereum Classic, Shiba Inu, Litecoin Or Dogecoin?

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. read more.....»»

Category: blogSource: benzingaDec 4th, 2021

The Winklevoss twins" Gemini crypto exchange has added shiba inu coin to its platform following the meme coin"s big rally

Gemini also announced the listing of audius, mask network, quant, radicle, fetch, and wrapped centrifuge, among others. Yuki Cheung/EyeEm/Getty Gemini has added shiba inu to its platform following meme token's stunning rally this year. The crypto exchange also announced the listing of audius, mask network, quant, radicle, and fetch, among others. Gemini joins the growing list of exchanges in listing the new coin amid a surge in demand from retail investors. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Crypto exchange Gemini has added shiba inu coin to its platform following meme token's stunning rally this year.Along with the dogecoin spinoff, the exchange also announced the listing of audius, mask network, quant, radicle, fetch, and wrapped centrifuge, among others.Gemini, founded by Tyler and Cameron Winklevoss in 2014, currently has 21 cryptos listed on its platform."Dear #SHIB army, Gemini has answered your call. To the moon!" Tyler Winklevoss tweeted on November 15.Gemini joins the growing list of crypto exchanges in listing the new coin amid a surge in demand from retail investors. Coinbase, the largest crypto exchange in the US listed shiba inu in September, and was followed by Public in November. Crypto.com listed shiba inu in May while eToro listed it in July.The eye-popping rally of the dogecoin spinoff has propelled it to become the 11th largest cryptocurrency by market valuation, according to CoinMarketCap, after being created only in August 2020. It has gained almost 570% in a month, compared with a rise of 20% in bitcoin, the largest crypto by market value.Shiba inu's growth reinforces why some retail investors are directing their attention to newer and lesser-known coins, which have become popular for their hefty gains compared to other more established assets.Still, some exchanges, like Robinhood, said they choose to take a more cautious approach and focus on investor protection before listing.Shiba inu is an ethereum-based alternative to dogecoin. It was founded by someone going by the name Ryoshi, whose goal was to move away from "rigid social structures and traditional mindsets," according to the coin's 28-page white paper, dubbed a "woof paper."    Read the original article on Business Insider.....»»

Category: dealsSource: nytNov 15th, 2021

AMC is officially accepting bitcoin and ether in online payments with dogecoin coming next, CEO says

"We proudly now accept: drumroll, please bitcoin, ether, bitcoin cash, and litecoin," AMC CEO Aron Adams said in a tweet. "Dogecoin next." AMC theater. Noam Galai/Getty Images AMC is officially accepting select digital assets for online payments, according to CEO Adam Aron. "We proudly now accept: drumroll, please… bitcoin, ether, bitcoin cash, and litecoin," he said in a tweet. "Dogecoin next." Aron said in September that he intended to have the new feature in place by year-end. AMC Entertainment, the movie theater chain beloved by many cryptocurrency enthusiasts, is officially accepting select digital assets for online payments, CEO Adam Aron revealed in a tweet late Thursday."Big newsflash! As promised, many new ways NOW to pay online at AMC. We proudly now accept: drumroll, please… bitcoin, ether, bitcoin cash, and litecoin," he said.Apple Pay, Google Pay, PayPal are also now accepted, he added, with "Dogecoin next."The unveiling of the new mode of payment came after Aron teased the possibility multiple times in the past. He said in September that he intended to have it in place by year-end.And while dogecoin is still in the works as a means for online payment, AMC began accepting it last month for gift card purchases of up to $200 a day using a BitPay Wallet.The inclusion of dogecoin can be attributed to a recent Twitter poll Aron launched, asking for input on whether AMC should consider accepting it. The survey garnered 140,000 votes, of which 68.1% said yes.And earlier in November during AMC's earnings call, AMC said it is looking at adding shiba inu to the list after strong demand from the SHIBarmy. Shiba inu is a new meme token that has had a stunning rally since the start of the year. Again, a Twitter poll was launched, and after 153,100 votes, 81% backed the idea.AMC, once a struggling company that has flirted with bankruptcy in the past, skyrocketed to fame earlier this year amid the meme stock frenzy. Alongside GameStop, the two firms saw their share prices rise amid overwhelming demand from retail investors despite their questionable valuations.Aron thus far has embraced his company's newfound fame by playing into AMC's status as an iconic meme stock. He has, for instance, reached out to retail investors through tweets and YouTube videos, and has even offered ordinary investors movie perks such as free popcorn.In late October, Aron also floated the possibility that his movie theater chain could issue its own crypto, though he did not elaborate further.AMC shares have surged 1,600% so far this year.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 12th, 2021

Public has added 10 more cryptocurrencies as trading app-users clamor for altcoins - Shiba Inu and Avalanche made the cut

The trading app now lists 21 cryptocurrencies in total, while its competitor Robinhood lists just seven. Public.com now lists 21 cryptocurrencies, including shiba inu coin and avalanche. Jakub Porzycki/Getty Images Jakub Porzycki/Getty Images Trading app Public doubled its cryptocurrency offerings Wednesday to 21 in total. The app's users poured into the new offerings, including avalanche, solana, polygon, and sushiswap. Competitor Robinhood has just seven crypto offerings on its app. Robinhood competitor Public doubled its cryptocurrency offerings Wednesday with altcoins like avalanche and polygon making the cut. The company announced that it now has 21 cryptocurrencies listed on its platform with the addition of Solana, Terra, Uniswap, Avalanche, Chainlink, Polygon, Algorand, SushiSwap, Basic Attention Token, and Ren.On the app, a deluge of investors bought up the latest coins within hours of the company adding them, according to the Twitter-like scroll showing user purchases on each of the tickers. Public launched cryptocurrency trading last month with well-known digital assets like bitcoin, ethereum, and dogecoin first on the platform. Shortly after the initial launch, it added shiba inu coin amid the meme crypto's epic rally.Robinhood, on the other hand, has seven cryptocurrencies available for trading on its platform and turned down thousands of retail investors who asked the app to add shiba inu coin. Public, which aims to make the stock market "social," launched in 2019. Similar to the Clubhouse app, it has a live audio feature where executives among others can offer insight. That feature now includes weekly "Crypto Club" sessions with news and information on digital assets. When adding crypto trading to a Public account, the app reminds users digital assets "can be more volatile than other types of investments." The app also has "volatility reminders" on crypto pages to ensure investors can make informed choices, the company told Insider previously. Bitcoin and ethereum notched new all-time high prices of $69,000 and $4,770 this week, bringing the total value of the cryptocurrency market to $3 trillion for the first time. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 10th, 2021

An $8,000 bet on shiba inu coin allowed a warehouse manager to retire after the meme coin"s stunning rally, report says

He bet on the new coin early this year, intending it to grow modestly, Fortune reported. But shiba inu's stunning rally gave him newfound wealth. Shiba Inu dog. AP Photo/Shizuo Kambayashi A 35-year-old former warehouse manager made an $8,000 bet on shiba inu at the start of the year. His investment ballooned to $1 million, enabling him to retire, according to Fortune. He credits his newfound wealth to the meme coin's stunning rally in 2021. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A 35-year-old former supermarket warehouse manager who made an $8,000 bet on shiba inu at the start of the year is now enjoying his retirement thanks to the meme coin's stunning rally.Rob, who is from northern England, told Fortune he dabbled in cryptocurrencies to supplement his $68,000 yearly salary so he could create a better life for his partner and their son. Unexpectedly, he came across shiba inu, which was founded in August 2020. And upon reading the coin's 28-page white paper, he was all in."After reading that, I was hooked," Rob, who declined to revealed his last name, told Fortune. "I just believed the words."He then decided to invest $8,000 in shiba inu slowly and intended for his holdings to grow to tens of thousands of dollars.But the coin's stunning rally in May, which pushed its price 1,200 times what it was worth in February, multiplied Rob's holdings beyond his imagination."I come from quite a poor background. I could never have even fantasized about having this much money," Rob said, adding that he checked his account every hour for a time to make sure the gains did not vanish. "But it wasn't gone. It wasn't a dream."He withdrew $500,000 worth of shiba inu coin from the exchange and deposited the sum into his bank account, he said. This was around the time he quit his job. Then another surge in the coin's price further catapulted Rob's windfall to over $1 million, according to documents reviewed by Fortune. Elsewhere, he invested in other coins in the shiba inu ecosystem like leash. While Rob's situation is rare, anecdotes like this have grown in frequency thanks to the wild swings in crypto prices and the emergence of various new meme tokens.Shiba inu, an ethereum-based alternative to dogecoin, has rallied 99 million percent over the last 12 months and briefly became the 10th largest cryptocurrency by market cap this month, even surpassing dogecoin at one point. It's now ranked 11, according to data by CoinMarketCap.While digital assets are known to have passionate communities behind them, shiba inu's has proven to be one of the most zealous. And this is exactly why Rob stuck around, he said. "I made three very close friends [through Shiba], and we formed a little group," he told Fortune, adding how even the anonymous project lead, who goes by Shytoshi Kusama on Twitter, was responsive to him. That was something he did not experience in other coin communities. Still, it remains to be seen whether meme tokens, which are often driven by jokes and social media, are here to stay. Experts have said many of them will die down. But for Rob and other shiba inu supporters Insider has spoken with, what sets shiba inu apart is its use cases, such as the shibarium blockchain and non-fungible token artworks, among others."I am emotionally attached, which can be quite dangerous in crypto environments," he told Fortune. "But we believe so strongly that there is more to achieve with shiba."Read the original article on Business Insider.....»»

Category: smallbizSource: nytNov 8th, 2021

A tale of two altcoins: Shiba inu"s star fades, while solana shines, as investors favor real-use tokens

Investors have shunned meme tokens like shiba inu in favor of cryptocurrencies with more real-life use cases, such as solana and ether. Shiba inu and sol id-work/ Getty Images and Skorzewiak/ Shutterstock Shiba inu fell by as much as 40% over the last week, while DeFi token solana has climbed 21%. Investors have started turning away from meme coins to those that have real use cases. This week, investors were unnerved by a scam in a Squid Game-themed token and by shiba inu whale activity. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shiba inu lost some of its recent appeal this week, falling by as much as 40% over the week in the seven days to Friday. Investors have shunned meme tokens in favor of cryptocurrencies with more real-life use cases, such as solana and ether.The dogecoin-inspired meme coin was down around 5% on the day to $0.00005164, having touched a low this week of $0.00004130 on the Coinbase exchange, marking a drop of almost 40% week-on-week.The coin's rapid rise, coupled with developments elsewhere in the crypto space that have lured investors into more established tokens, unleashed a wave of profit-taking, particularly in light of the fact that most shiba inu in circulation is concentrated in very few hands - meaning there is a strong chance of even deeper losses."There are a load of shib coins out there to sell and whales with big bags to offload. The fact that a few whales hold much of the supply can actually make it easy to push prices up, but of course small-time traders will never know when whales will sell," Ali Beikverdi, CEO and co-founder of bitHolla, an exchange software company said. By way of example, shiba inu holders were unnerved earlier this week when the second biggest shib address started moving $2.3 billion worth of the coin from its wallet. That wallet only accounts for 7% of shiba inu in circulation, while the largest holds 41%, according to Coinmarketcap data.Added to that, a blistering rally in a "Squid Game" token - inspired by the hit Korean series on Netflix - ended in that coin crashing to 0 from closer to $3,000 in hours. This event rekindled concern over the potential for scams in the crypto market."Indeed, investors don't like to lose money. What happened with the Squid Game token caused a high level of discomfort amongst investors," Ryan Wilkinson, Head of Product at Blockasset.co, an NFT marketplace built on the solana network said. Meanwhile, investors have flocked to coins with real use cases, such as those linked to decentralized finance and non-fungible tokens, like ether, solana and avalanche.Solana's sol token has gained 21% so far this week and hit record highs above $250, while avalanche's avax has risen 18% this week and ether - the second most-traded cryptocurrency after bitcoin - has gained 1.6%."Solana is undoubtedly one of the hottest blockchains today, as its usability and eco-friendliness are reverberating across the blockchain industry," Wilkinson said. "The number of decentralized finance (DeFi) applications and non-fungible tokens (NFT) being floated atop the blockchain is the ultimate source of boosted demand for sol," he said.Ether benefitted from the announcement of the launch of micro futures by CME - the biggest derivatives exchange - as well as the growing momentum around NFTs and the metaverse, much of which runs on ethereum. Regardless of the scandals and scams that seem to follow meme cryptos and social tokens, at times, some market watchers believe these more speculative coins will persist. "Meme tokens will have a big part in the cryptocurrency space," Marcus Sotiriou, sales trader at digital asset broker GlobalBlock, said. "We've had evidence with coins like DOGE and SHIB that this is the case. In a world where we are all connected by social media, these communities can be very powerful, and they take advantage of network effects." Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 5th, 2021

Investing legend Mark Mobius says crypto is a way to have fun and speculate and that it"s more like a religion than an investment

"As long as the music continues to play, it's great. Once that music stops, then we're going to be in real trouble," Mobius said. Mark Mobius. Richard Brian/Reuters Mark Mobius said cryptocurrencies are more like a religion than an investment. In a CNBC interview, he said they should be used as a means to have fun, not invest. Instead, the founder of Mobius Capital Partners said to look to stocks to hedge against high inflation. The legendary investor Mark Mobius said cryptocurrencies may be fun, but investing in stocks is the way to hedge against the high rate of inflation. Cryptocurrencies shouldn't be seen as a means to invest, the founder of Mobius Capital Partners said in a CNBC interview Wednesday. Instead, he said they're "a means to speculate and have fun.""The bitcoin situation and the cryptocurrency situation is religion. It's not an investment; it's a religion," he said. "People believe in it; people think they're getting richer, and that's fine. As long as the music continues to play, it's great. Once that music stops, then we're going to be in real trouble."That so-called music has pushed bitcoin, the world's largest cryptocurrency, and ethereum, the second largest, to all-time high prices in the last month. Even meme tokens dogecoin and shiba inu coin have taken spots in the top 10 cryptocurrencies by market capitalization. Even so, Mobius said, stocks are "definitely the answer" to hedge against inflation, which will likely linger at decade-high levels through 2022. "You've got to go back to stocks at the end of the day," he told CNBC.Mobius, a pioneer of emerging markets investments, has been hesitant about cryptocurrencies before. In a September interview, he told Bloomberg that El Salvador's use of bitcoin as a form of payment wouldn't catch on. "You don't need bitcoin, you don't need cryptocurrency," he said at the time. Mobius isn't the only big name in finance to be bearish on cryptocurrencies. JPMorgan Chase Chief Executive Officer Jamie Dimon recently called bitcoin "worthless."Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 3rd, 2021

A meme coin named after Elon Musk rode the wave of joke cryptocurrencies in October to soar 4,000%

The surge in October pushed the ethereum-based coin's market capitalization from $26 million to $1.19 billion. Elon Musk picture alliance / Getty Images Dogelon Mars made a 3,780% gain in the month of October. The meme coin has surged on the wave of social media hype and retail enthusiasm. It is currently the 92nd largest cryptocurrency by market cap. A cryptocurrency named after Elon Musk has shot to the moon with a 3,780% gain in October. Dogelon Mars traded at $0.00000229 on November 1, up from $0.00000005 on October 1, according to data from CoinGecko. It made a 200% leap on Oct. 29 and 30 when the Crypto.com app and OKEX listed it for trading.The surge pushed the ethereum-based coin's market capitalization from $26 million to $1.19 billion in a month, making it the 92nd largest cryptocurrency in the world by market cap.October was a solid month for cryptocurrencies across the board, with other meme coins like shiba inu coin and dogecoin also gaining in October. Bitcoin and ethereum also both reached record highs in October. Shiba inu coin in particular has seen impressive gains. Like Dogelon Mars, the "dogecoin killer" started as a joke but is now worth serious money, with a market cap of around $38.5 billion. Conversations on Reddit's Wall Street Bets and across social media have continued to boost meme-coin popularity, and Dogelon Mars has been riding the wave of enthusiasm. The @DogelonMars Twitter account shares memes and updates as the coin continues to rack up gains, and on Sunday #dogelonmars was trending on Twitter.According to DogelonMars.com, developers intend for the currency to be the first interplanetary currency. The website - complete with a cartoon dog in a spacesuit and animated background - includes a fictional story about its creation, adding additional flair to its meme-coin status. After hitting its high of $0.00000233 on Saturday, Dogelon Mars saw an almost 30% price correction which formed a bull flag, or an indicator that suggests a bull run may be on the horizon. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 1st, 2021

AMC"s Adam Aron is asking his Twitter followers if the theater chain should accept shiba inu coin as payment following the meme token"s massive rally

AMC said earlier that it would accept other cryptocurrencies including bitcoin as payment by year-end. AP Photo/Shizuo Kambayashi AMC CEO Adam Aron posted a Twitter poll asking his followers if the company should accept shiba inu coin as payment. Shiba inu coin has surged in price thanks to crypto whales and retail traders hyping the meme coin. AMC has already said it will allow payment in other cryptocurrencies. AMC chief Adam Aron is taking to Twitter again to . On Twitter Friday, Aron posted a poll asking his followers if the theater chain should add shiba inu coin to the list of cryptocurrencies the company will soon accept as payment. The poll, which lasts for another five days, had already received more than 70,000 votes four hours after being posted. Adam Aron's Oct. 29 tweet Twitter Aron posted the tweet in a week where the meme coin's price surged thanks to crypto whales and retail traders. The coin, which started as a meme of another meme coin, is now the 10th largest cryptocurrency by market capitalization, according to CoinMarketCap data. Last month, Aron posted a similar poll asking his crowd of avid followers whether AMC should accept dogecoin - to which more than 100,000 voters responded with a resounding "yes."In August, AMC said it would accept bitcoin as payment by the end of the year and begin exploring other ways it could participate in the crypto economy. A month later, the company said it would also accept ether, litecoin, and bitcoin cash as payment. AMC CEO Adam Aron said on Wednesday that the movie theater operator expects to accept ether, litecoin, and bitcoin cash as payment, in addition to bitcoin, by the end of the year.Retail traders mobilized on social media platforms like Reddit and Twitter have rallied around AMC since the start of the meme stock saga at the beginning of this year. The traders, who call themselves Apes and sometimes refer to Aron as Silverback, have rallied around the AMC CEO as an icon of their movement. Aron has responded by offering movie-theater perks like free popcorn to the fans of his company's stock. AMC shares have surged 1,600% so far this year and were trading at $35.62 at 11:45 a.m. ET on Friday. Read the original article on Business Insider.....»»

Category: smallbizSource: nytOct 29th, 2021

Robinhood users missed shiba inu"s 89-million-percent rally over the past year, with the token still unavailable to trade on the platform

The ethereum-based dogecoin alternative has become the 10th most valuable cryptocurrency. The shiba inu breed is a muse in the crypto world. Getty Images Shiba inu has seen astronomical gains over the last year, but Robinhood users have missed out. The meme coin is unlisted on the trading platform, but an online petition is aiming to change that status. Robinhood's chief said the platform is waiting for more regulatory clarity on further coin listings. The price of the shiba inu coin has sprinted up exponentially over the last 12 months but people who exclusively use Robinhood have missed out on the gains as the meme cryptocurrency remains unlisted on the trading platform. The ethereum-based dogecoin alternative has shot up by 88,868,321% to $0.00006754 Friday from $0.000000000076 a year ago and that's after it pulled back from a fresh record.On Wednesday, a push to a new high of $0.00008616 helped tip the token to the 10th spot on CoinGecko's list of the biggest cryptocurrencies by market capitalization. The token's value has leapt more than 1,000% so far in October alone.The soaring gains allowed one crypto investor to turn about $8,000 into $5.7 billion by buying trillions of shiba inu coin shortly after it debuted in August 2020.Shiba inu was thrust into focus this week, rising more than 20% on Tuesday after an anonymous crypto whale bought 276.6 billion tokens for about $11.5 million. It popped up to a fresh record the following day, as an online petition urging Robinhood to "be the first traditional brokerage" picked up support. A Change.org user called Tristan Luke put up the online petition in May with the goal of gathering 500,000 signatures in support of a shiba inu listing. It had at least 393,824 signatures as of Thursday. But Robinhood CEO Vlad Tenev said the company is waiting for regulatory clarity to add more coins to the platform. Earlier this month, shiba inu vaulted higher after Tesla chief Musk tweeted about his Shiba Inu dog, Floki. But the coin's price briefly tumbled after Musk revealed he doesn't hold an investment in it. Separately, there was no indication Musk is involved in floki inu, a cryptocurrency inspired by Musk's dog, with that coin's backers engaging in an advertising blitz launched in London.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 29th, 2021

Ether hits a record high above $4,400 after a successful network upgrade clears the path for ETH 2.0

The cryptocurrency's move higher comes days after bitcoin notched its own all-time high above $66,000. Photo by S3studio/Getty Images Ether reached a record high of $4,402 on Friday, after a significant Altair upgrade to its network. The cryptocurrency's move higher comes days after bitcoin hit an all-time high above $66,000. Former Goldman Sachs executive Raoul Paul said he is "more than irresponsibly long ETH." Ether, the native cryptocurrency of the ethereum blockchain, hit a record high above $4,400 on Friday after an important upgrade went live on its network.The digital asset rose as much as 7% to $4,402.13, according to data from CoinDesk, taking its gains in the last month to about 55%.Ether is up 490% so far this year. With a market cap of more than $515 billion, it is the second-largest cryptocurrency.The network's long-planned upgrade to a scalable, proof-of-stake consensus model turned bullish sentiment higher days after bitcoin hit a record high of $66,974 on October 20.Altair, an important upgrade for ethereum 2.0, or Eth2, was introduced on October 27. It is described as the first mainnet upgrade to the Beacon Chain mechanism, which is at the heart of ethereum's transition to a proof-of-stake network from proof-of-work. This shift to PoS, from an energy-consuming PoW protocol, is being promoted as a faster, more secure, and more environmentally friendly network.The altair upgrade, which will test whether the Beacon Chain is functional, shows that the transition is possible, an ethereum developer Tim Beiko told CNBC Make It. "It means there's a slightly higher chance that things will go well for the [Eth2] transition next year," he said. The ethereum blockchain is set to undergo its substantial transition in 2022.While all the talk in the crypto space has recently been dominated by bitcoin and shiba inu, dogecoin's ethereum-based rival, crypto cheerleaders had been waiting to see ether breakout to record highs too.Former Goldman Sachs executive Raoul Pal, whose crypto portfolio consists of 70% of ether and 5% of bitcoin, said in a tweet Friday that he is "more than irresponsibly long ETH." @RaoulGMI/Twitter ETH's moves are far more interesting than other crypto assets for now, "especially with all that's been going on in the Dapp (decentralized apps) space over the past quarter and the amounts of ETH that have been flowing into NFTs and DeFi," said Dragos Dunica, co-founder of DeFi insight platform DappRadar."Being the leading smart contract platform, ethereum's price is being directly impacted by the growing adoption of Dapps across the most active categories of DeFi, NFTs, and gaming," he added.Dunica said he wouldn't be surprised if ether hits $10,000 before Christmas.Read More: The head of 'megatrends' at $3 trillion iShares shares the 4 areas of the market he thinks are best positioned to rake in big returns in the years ahead as the worst of COVID recedesRead the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 29th, 2021

Around 41% of shiba inu"s total supply is burned

Around 41% of shiba inu's total supply is burned - meaning they are not in circulation anymore. AP Photo/Shizuo Kambayashi Around 41% of shiba inu's total supply is burned - meaning they are not in circulation anymore Shiba inu is an ethereum-based alternative to dogecoin founded in August 2020. It has a total market valuation of nearly $37 billion, muscling its way to becoming the 10th largest crypto asset. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shiba inu investors have been riding high on the meme token's eye-popping rally in recent days.But what many may not realize is around 41% of the meme token's total supply is burned - meaning they are not in circulation anymore, data by Etherscan show.Based on its top 10 holders, around 10% were also purchased by cryptocurrency platforms such as Crypto.com and Binance. In total there are 836,588 holders of the meme token.The team behind shiba inu has locked 50% of the total token supply on Uniswap, according to its website.The remaining 50% was gifted to ethereum cofounder Vitalik Buterin who donated the majority of it - about $1 billion at that time - to a crypto-based COVID-19 relief fund for India. He then "burned" the rest, permanently taking it out of circulation. Shiba inu is an ethereum-based alternative to dogecoin. It was founded in August 2020 by someone going by the name Ryoshi whose goal was to move away from "rigid social structures and traditional mindsets," according to the coin's 28-page white paper, dubbed a "woof paper."Its unlikely rise has catapulted the meme-inspired cryptocurrency to a total market valuation of nearly $37 billion, becoming the 10th most valuable cryptocurrency as of Thursday. Editor's note: We have corrected a previous version of this story, which used data from CoinMarketCap in referring to the top 10 shiba inu holders. We have now used Etherscan, a different tool that shows blockchain transactions more in detail. We have clarified that a huge percentage of shiba inu is burned. We have also changed the headline to reflect that. Read the original article on Business Insider.....»»

Category: personnelSource: nytOct 28th, 2021

Robinhood users missed shiba inu"s 85-million-percent rally over the past year, with the token still unavailable to trade on the platform

The ethereum-based dogecoin alternative has shot up by roughly 85,000,000% to $0.00006691 Thursday from $0.000000000079 a year ago. The Shiba Inu breed is a muse in the crypto world. Getty Images Shiba inu has has seen astronomical gains over the last year, but Robinhood users have missed out. The meme coin is unlisted on the trading platform, but an online petition is aiming to change that status. Robinhood's chief said the platform is waiting for more regulatory clarity on further coin listings. The price of the Shiba inu coin has sprinted up exponentially over the last 12 months but people who exclusively use Robinhood have missed out on the gains as the meme cryptocurrency remains unlisted on the trading platform. The ethereum-based dogecoin alternative has shot up by roughly 85,000,000% to $0.00006691 Thursday from $0.000000000079 a year ago. And that's after it pulled back from a fresh record.On Wednesday, a push to a new high of $0.00008616 helped tip the token to the 10th spot on CoinGecko's list of the biggest cryptocurrencies by market capitalization. The token's value has leapt more than 1,000% so far in October alone.The soaring gains allowed one crypto investor to turn about $8,000 into $5.7 billion by buying trillions of shiba inu coin shortly after it debuted in August 2020.Favored by the likes of billionaire businessmen Elon Musk and Mark Cuban, shiba inu was thrust into focus this week, rising more than 20% on Tuesday after an anonymous crypto whale bought 276.6 billion tokens for about $11.5 million. It popped up to a fresh record the following day, as an online petition urging Robinhood to "be the first traditional brokerage" picked up support. A Change.org user called Tristan Luke put up the online petition in May with the goal of gathering 500,000 signatures in support of a shiba inu listing. It had at least 393,824 signatures as of Thursday. But Robinhood CEO Vlad Tenev said the company is waiting for regulatory clarity to add more coins to the platform. Earlier this month, shiba inu vaulted higher after Tesla chief Musk tweeted about his Shiba Inu dog, Floki. But the coin's price briefly tumbled after Musk revealed he doesn't hold an investment in it. Separately, there was no indication Musk is involved in Floki Inu, a cryptocurrency inspired by Musk's dog, with that coin's backers engaging in an advertising blitz launched in London.Read the original article on Business Insider.....»»

Category: smallbizSource: nytOct 28th, 2021

10 shiba inu coin holders own 71% of the meme token"s total supply

One address owns a whopping 41.03%. This means that based on the coin's price Thursday, the owner's holdings are worth $27.1 billion. AP Photo/Shizuo Kambayashi The top 10 holders of the coin own 70% of the meme token's total supply, according to CoinMarketCap. One address owns a whopping 41.03%. Based on the coin's price Thursday, that amount is worth $27.1 billion. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shiba inu investors have been riding high on the meme token's eye-popping rally in recent days, but the newly generated wealth is not very evenly distributed.The 10 largest holders of the coin own 71% of the meme token's total supply, according to data from CoinMarketCap.One address - out of the 837,869 total addresses and 14,645 active addresses - owns a whopping 41.03%. The second-biggest owner holds just 7.02%.This means if there are 549,095,000,000,000 in circulation, the top shiba inu whale holds 395,348,400,000,000.And based on the coin's price as of publication, that translates to a value of $27.1 billion.Holders Statistics by CoinMarketCapTotal Addresses837,869Active Addresses (24 hours)14,645Top 10 holders71.9%Top 20 holders75.97%Top 50 holders78.91%Top 100 holders80.5% The team behind shiba inu has locked 50% of the total token supply on Uniswap, according to its website.The remaining 50% was gifted to ethereum cofounder Vitalik Buterin who donated the majority of it - about $1 billion at that time - to a crypto-based COVID-19 relief fund for India. He then "burned" the rest, permanently taking it out of circulation. Shiba inu is an ethereum-based alternative to dogecoin. It was founded in August 2020 by someone going by the name Ryoshi whose goal was to move away from "rigid social structures and traditional mindsets," according to the coin's 28-page white paper, dubbed a "woof paper."Its unlikely rise has catapulted the meme-inspired cryptocurrency to a total market valuation of nearly $36 billion, becoming the 10th most valuable cryptocurrency as of Thursday. Read the original article on Business Insider.....»»

Category: personnelSource: nytOct 28th, 2021

Shiba inu coin is getting its boost from sophisticated crypto traders associated with "smart money" wallet addresses

Surges in crypto whale transactions have corresponded with shiba inu coin's recent price increases, according to CoinDesk. Shiba inu dog. Yuki Cheung/EyeEm/Getty Sophisticated investors with "smart money" addresses are buying up shiba inu coin. The purchases have corresponded with the cryptocurrency's rallies this week, CoinDesk reported. One crypto whale bought 276.6 billion shiba inu coins for about $11.5 million on Monday. More sophisticated crypto traders are likely responsible for shiba inu coin's massive recent rally, CoinDesk reported Wednesday.Traders with so-called "smart money" addresses bought up about $160 million worth of shiba inu coin since the beginning of the week, according to CoinDesk, which cited blockchain data firm Nansen. During that time, the coin has surged more than 160% and fought with its predecessor dogecoin for a spot in the list of top 10 cryptocurrencies. Those "smart money" addresses refer to crypto traders who earned more than $100,000 by providing and mining liquidity in DeFi protocols, CoinDesk said. Another crypto data firm, Santiment, found that since the beginning of October the number of shiba inu coin transactions worth at least $1 million have been increasing. Surges in those crypto whale transactions then corresponded with the coin's price increases, according to the data, reported on by CoinDesk. Santiment did not immediately respond to Insider's request for its research. On Monday evening alone, an anonymous crypto whale purchased 276.6 billion shiba inu coins for about $11.5 million, Insider reported previously, citing data from WhaleStats. The transaction put the investor's total holdings in shiba inu coin at 316.5 billion, worth about $15 million.Shiba inu coin, the ethereum-based alternative to dogecoin, now has a market capitalization close to $30 billion, thanks to its recent rally, according to CoinMarketCap data. Despite its epic run, the coin is still worth less than a penny at $0.0000772 as of 3:13 p.m. in New York. Retail investors have also been pushing into the coin, as several shiba inu hashtags, like #SHIBarmy, trended on Twitter Wednesday.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 27th, 2021

What is shiba inu coin? Is there anything real behind its blistering rally, or is it pure hype?

Shiba inu has gained 710% in the past month alone and looks to unseat dogecoin as the 10th largest crypto assets by market valuation. Shiba Inu dog. Getty Images Most altcoins sold off Wednesday but shiba inu continues to set new record highs. The meme token has gained 710% in the past month alone and looks to unseat dogecoin for the top 10 largest crypto spot. Shiba inu was founded in August 2020 and now has 1 quadrillion coins in circulation. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Altcoin season is upon us again, though most are selling off Wednesday, and one unsuspecting frontrunner continues to set new records: shiba inu. The meme token, which seemingly vaulted out of nowhere, is now looking to takeover dogecoin's spot to become the 10th largest digital assets in the cryptocurrency ecosystem. Shiba inu surged as much as 45% Wednesday to a fresh intraday high of $0.00006220, according to data from CoinGecko, taking its gains over the past month to nearly 710%. With a market value of $30.9 million, it is the 11th biggest crypto asset.But what is shiba inu in the first place?Shiba inu is an ethereum-based alternative to dogecoin, a meme token favored by the likes of Elon Musk and Mark Cuban. It even calls itself a dogecoin killer and, like dogecoin, features the Shiba Inu dog as its mascot as well. The token was founded in August 2020 by someone called Ryoshi whose goal was to move away from "rigid social structures and traditional mindsets," according to its 28-page white paper, or in shiba inu's case, woof paper.Instead, shiba inu wanted to be "an experiment in decentralized spontaneous community building" and to give power back to the "average person."So why is it rallying?A couple of reasons. On Wednesday, the rise in price could be attributed to an online petition on Change.org that's gotten more than 300,000 signatures calling for Robinhood to be the first traditional brokerage to list the shiba inu coin.Recently, shiba inu also released a series of non-fungible tokens called "shiboshis" that are written on the ethereum blockchain. Some of these feature shiba inus wearing a party hat or having laser eyes. And in May, the coin made headlines when ethereum co-founder Vitalik Buterin donated 50 trillion (then worth around $1 billion) to a crypto-based COVID-19 relief fund for India. Beyond that, it's really just the Shib Army just rallying behind the coin."The crypto universe is full of coins that represent diverse use cases and themes," John Wu, president of Ava Labs, the team behind altcoin avalanche, told Insider.And meme tokens, he said, "are driven by culture and represent an underlying theme or movement, rather than special technical use cases."So does that mean shiba inu has no real use case?It is tough to say - for now at least. Wu said shiba inu "wasn't built with a sophisticated use case like borrowing, lending, trading, or gaming," but it is trying to be useful.Since shiba inu is written on the ethereum blockchain, this may suggest it has more advanced smart-contracting capabilities, Wu said. One example is Shibaswap, a platform launched in July 2021 that aims to provide utility for the token in terms of staking and rewards.It is worth noting that shiba inu wasn't designed to have a limited supply and currently has 1 quadrillion coins in circulation, while bitcoin for instance is capped at 21 million. How much is a shiba inu?If you think dogecoin at $0.244775 is cheap, wait until you hear how much shiba inu is. The coin trades for just $0.00006289. So owning 1 million of shiba inu coins will only amount to $62.89.But we already know nominal price isn't the best way to measure the attractiveness of a crypto. Instead, it's the future use cases of the asset as well as the potential it brings. And having a passionate community behind it doesn't hurt either. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 27th, 2021

Meme Crypto SHIB Hits All-Time High Value In 24 Hours

The popular meme cryptocurrency Shiba Inu (SHIB) hit a new all-time high of $ 0.00004442, which represents an increase of more than 40% in 24 hours, while surpassing 16.5 billion in market capitalization. Q3 2021 hedge fund letters, conferences and more SHIB Hits Record In the early hours of Sunday, the shiba inu cryptocurrency registered […] The popular meme cryptocurrency Shiba Inu (SHIB) hit a new all-time high of $ 0.00004442, which represents an increase of more than 40% in 24 hours, while surpassing 16.5 billion in market capitalization. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more SHIB Hits Record In the early hours of Sunday, the shiba inu cryptocurrency registered a new all-time high of $ 0.00004442. This new ATH represents a growth of more than 40% in 24 hours and 60% in 7 days, according to data from Coin Gecko. SHIB's new all-time high also coincides with significant growth in Shiba Inu's market capitalization. At the same time, the cryptocurrency meme hit an all-time high of $16.4 billion in market capitalization, after surging nearly $4 billion in the last 24 hours. The new record follows a series of milestones recently reached by the cryptocurrency meme. A few days ago BeInCrypto reported that SHIB had eclipsed all other altcoins after a major rally, including those in the top 10 for market capitalization. On October 11, SHIB garnered 419 mentions in one hour, while bitcoin came in second with 307. This was followed by ethereum, with 188 mentions, and DOGE, with 134 mentions. One element that prompted this new all-time high is the recent listing of SHIB in the Robinhood Markets Inc (NASDAQ: HOOD) trading app. At Musk’s Mercy As reported by CNN, the token has gained more than 45 million percent in the past year. After the peak, however, “It later fell about 10% from its all-time high after Tesla CEO Elon Musk –who is a big fan of dogecoin– tweeted that he does not own any shiba coin. Musk's tweets have frequently moved crypto markets.” Three weeks ago, on October 4, Musk tweeted a photo of his dog –a Shiba Inu– and the digital currency soared 238% in four days. Dogecoin, the other cryptocurrency based on a meme also affected by Musk’s tweets –which had reached $0.27– closed the day at $0.24. The main cryptocurrency by market capitalization –of which Musk acknowledged having tokens– is slightly increasing its price: bitcoin closed on Sunday 24 at around 60,000 and currently stands at 62,000, which represents a 2.84% growth. Overall, the crypto market has had an excellent week, having surpassed $ 2.6 trillion and with bitcoin and ethereum hitting all-time highs. Updated on Oct 25, 2021, 9:46 am (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkOct 25th, 2021

Elon Musk reveals he doesn"t hold shiba inu - only bitcoin, ether, and dogecoin

"Don't bet the farm on crypto! True value is building products & providing services to your fellow human beings, not money in any form," Musk said. Tesla CEO, Elon Musk. picture alliance / Getty Images The only meme token Elon Musk owns is dogecoin, the billionaire disclosed on Sunday. Asked how much shiba inu he holds, the Tesla CEO said, "None." A Musk tweet about his Shiba Inu puppy Floki supercharged the meme token's run higher this month. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Elon Musk revealed on Sunday that he doesn't hold the meme token shiba inu, but he is invested in bitcoin, dogecoin, and ether.The Tesla and SpaceX CEO's tweets about his real-life Shiba Inu puppy have been a catalyst driving the dogecoin-inspired token higher, to become one of the world's top 20 cryptocurrencies.But asked by a fan of shiba inu how much he owns of the token, Musk responded with a definitive "None." @elonmusk/Twitter In a follow-up tweet, he said he has bought bitcoin, dogecoin, and ether - "that's it.""As I've said before, don't bet the farm on crypto! True value is building products & providing services to your fellow human beings, not money in any form," Musk said.Shiba Inu, launched in August 2020 by someone going by the name "Ryoshi," reached an all-time high of $0.00004450 on October 24. At last check Monday, the dogecoin spin-off was trading 1.7% lower at $0.00003895, possibly because of Musk's weekend comments.The coin took just 14 months to acquire a value of $15 billion, making it the 13th biggest cryptocurrency coin by market value as of Monday.Shiba inu aims to be an ethereum-based replacement to dogecoin. Its supply is intentionally designed to be abundant, rather than capped as with bitcoin's scarcity, according to Nirmal Ranga, chief revenue officer at crypto exchange ZebPay."The surge in volumes that the token has been witnessing can be attributed to the FOMO that typically arises - as interest peaks, and traders rush to take part in the rally as a means to book profits," Ranga said.Altcoins such as dogecoin and shiba inu have attracted traders as their wide price swings can deliver sizeable rewards, unlike top cryptocurrencies such as bitcoin.Musk's comments have been a big influence on crypto prices this year, though less so now than before. But his tweets of photos of his Shiba Inu Floki - the latest with the caption "Floki Frunkpuppy" - have boosted the token and led to the creation of namesake Floki coins. While Musk hasn't spoken directly about shiba inu, he has been a vocal supporter of dogecoin. In a separate tweet on Sunday, Musk gave a reason for his backing."Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge. They aren't financial experts or Silicon Valley technologists. That's why I decided to support Doge - it felt like the people's crypto."Read More: A crypto strategist breaks down why bitcoin futures ETFs will have negative yields and explains the market conditions that would make them positive. He also makes the case for buying bitcoin directly.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 25th, 2021

AMC CEO says the movie theater chain could issue its own cryptocurrency

"There are a lot of reasons why AMC could be a successful issuer of cryptocurrency as well as a redeemer of cryptocurrency," Adam Aron told CNBC. AMC CEO Adam Aron REUTERS/Mario Anzuoni AMC CEO Adam Aron said that his movie theater chain could create its own token. "There are a lot of reasons why AMC could be a successful issuer of cryptocurrency as well as a redeemer of cryptocurrency," Aron told CNBC. AMC is among a handful of companies that have embraced crypto as payment. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. AMC Entertainment's enthusiasm for cryptocurrency is growing.CEO Adam Aron on Wednesday told CNBC that the movie theater chain could potentially create and issue its own token."There are a lot of reasons why AMC could be a successful issuer of cryptocurrency as well as a redeemer of cryptocurrency," Aron told CNBC Wednesday. "That's just one of half a dozen ideas that we're working on right now."While Aron did not clarify further, the executive has embraced digital assets, particularly during the height of the pandemic as his company was propelled to meme stock status.The social media-savvy CEO is known to take to Twitter to directly interact with his supporters, and in some instances, ask for their feedback on business decisions.Responding to a poll of Twitter followers, AMC announced it would accept dogecoin for gift card payments after crypto enthusiasts responded with a resounding "yes." The movie theater chain also said it plans to accept bitcoin, ethereum, and litecoin. AMC, which not long ago was flirting with bankruptcy, saw its stock price skyrocket this year as part of the meme stock buying spree, alongside video game retailer GameStop.The stock Thursday was trading lower by 0.54%, at $40.66 as of 12:13 p.m. ET. The share price is up 1,924.38% year-to-date.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 21st, 2021

US stocks turn mixed as 10-year Treasury yield, oil prices give up most gains

AP Photo/Richard Drew US stocks turn mixed, closing near session highs, as the 10-year Treasury yield gave up most gains. Oil traded mixed, with Brent crude falling for the first time in three sessions, while gold dropped. Bitcoin tested a new price record ahead of a futures ETF launch on Tuesday. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks closed mixed Monday, near session highs, as the benchmark 10-year Treasury yield and oil prices give up most of their early gains.The Dow Jones Industrial Average shed just over 36 points at the start of the trading week. Only five of its 11 major sectors closed higher, led by consumer discretionary and technology. However, the benchmark S&P 500 and the tech-heavy Nasdaq Composite gained, lifted by Apple, which closed slightly higher after the tech giant unveiled new Mac laptops. All three major indexes opened lower but somewhat rebounded throughout the trading day. Here's where US indexes stood at the 4:00 p.m. ET close on Monday:S&P 500: 4,486.48, up 0.34%Dow Jones Industrial Average: 35,258.61, down 0.10%Nasdaq Composite: 15,021.81, up 0.84%The 10-year Treasury yield edged up to 1.584% from Friday's 1.577%, but were down from 1.619% early Monday. Yields rise when prices fall. The crises in commodities continued to hound global markets, particularly the ongoing energy crunch. OPEC+ failed to meet output targets, sources told Bloomberg. And Russia decided not to send more natural gas to Europe, causing prices to rise.But oil prices finished mixed. West Texas Intermediate crude tacked on 0.2% to settle at $82.44 per barrel. Brent oil, the international benchmark, slipped 0.72% to $84.25, marking its first drop in three sessions. Last week, it notched its eighth consecutive week of gains in what is so far its longest streak since a 10-week period through April 1999.Investors continue to anticipate inflationary pressures that could compound further ahead of holiday demand amid supply-chain bottlenecks and labor shortages.Outside the US, China's economy expanded by 4.9% in the third quarter, according to data from the nation's National Bureau of Statistics. The growth was slower than the 7.9% rise the country had in the previous quarter and was the nation's weakest pace since the third quarter of 2020.Industrial output posted its worst performance since the start of the pandemic, made worse by power shortages, supply-chain woes, and debt problems in its property sector.In cryptocurrencies, bitcoin surged 5.5% to $62,667 ahead of an imminent exchange-traded fund debut on Tuesday. Some on Wall Street, including hedge fund chief Mark Yusko, think bitcoin is "overbought" as excitement keeps pushing the price higher. He said the asset might be shaping up for a pullback.Altcoin prices were mixed. Ethereum, cardano, and litecoin each fell about 1% while meme-inspired dogecoin and shiba inu coin each jumped 7%.Meanwhile, New York Attorney General Letitia James ordered the shutdown of two cryptocurrency lending platforms for "unlawful activities" and directed the investigation of three others. All the firms' names were redacted. However, initial reporting from The Block showed the letters labeled as "Nexo Letter" and "Celsius Letter."Gold dropped 0.29% to $1,765.77 per ounce.Read the original article on Business Insider.....»»

Category: worldSource: nytOct 18th, 2021

A new partnership between Bitpay and Verifone could allow you to soon buy pizza with cryptocurrency

With the new service, consumers can select their crypto wallet on the card reader at checkout and pay with coins such as dogecoin or ethereum. Eric Savage/Getty Images Eric Savage/Getty Images BitPay and Verifone have teamed up to allow merchants to accept crypto as payment. The solution will protect merchants from volatility in the crypto markets, Verifone said. Many merchants are in talks to use the service but none have officially signed up yet, BitPay said. See more stories on Insider's business page. Buying pizza with dogecoin or litecoin might soon be possible. A new partnership between crypto payments processor BitPay and Verifone, the maker of credit card readers, is aiming to allow customers to use their cryptocurrency to pay for products later this year, according to a Tuesday press release. "If they decide to buy a pizza with Visa or AmEx or crypto, we don't care," Mike Pulli, chief executive officer of Verifone, told Bloomberg in an interview. "We just want to give them the flexibility to pay the way they want to."Users with approved crypto wallets, like Blockchain.com and BitPay, can use one of 11 difference cryptocurrencies such as bitcoin, dogecoin, and litecoin, to make purchases.Once at checkout, customers will choose their crypto wallet on the device generally used as a card reader. The consumer will then scan QR code from the screen using their crypto wallet to complete the transaction. Merchants will receive the crypto in US dollars in their bank accounts."The new solution enables merchants to broaden their customer base and promote crypto acceptance while being protected from the price volatility of the cryptocurrency markets," Verifone said in the press release.Verifone said its merchant base has been looking to tap into the crypto market - which is now worth more than $2 trillion. Verifone has merchants such as Whole Foods and Macy's in its portfolio, Bloomberg reported.Though no merchants have yet signed up for the new service, many are in talks to do so, according to BitPay, which currently processes more than 60,000 crypto transactions per month.Cryptocurrencies are "becoming more mainstream by the day," Blockchain.com's senior product manager Amadeo Pellicce said. Amazon is among the largest players that has shown interest in stepping into the crypto payments world. A a June job-listing said the online retail giant is looking for a leader to "develop Amazon's Digital Currency and Blockchain strategy and product roadmap."PayPal, XBox, and Taco Bell-owner Yum Brands have also begun allowing cryptocurrency payments this year. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 28th, 2021