Author: mbcrypto

Dogecoin, which in recent months has been heavily promoted by Tesla CEO Elon Musk, is currently the world’s 10th largest cryptocurrency with a market capitalization above $8 billion. It is reported that that Dogecoin worth millions of dollars has been linked to scams, terrorism financing, vendors of child sexual abuse material and Ponzi schemes (like the PlusToken scheme).

According to the report, till now around 50 such events have come under their scanner. These incidences involved millions of dollars worth of Dogecoin. It mentioned the theft of around $119 million of DOGE linked with a Turkish Ponzi scheme in 2021. A pseudonym name “Turgut V” is believed to mastermind behind this incident.

As per reports, Turgut and his associates managed to influence around 1500 DOGE holders to invest in their scheme. They promised investors a 100% return in just 40 days. It added that the fraudster convinced investors via Zoom calls and luxury meetings. The pseudonym managed to gather over 350 million Dogecoin which is valued at around $119 million at that time.

Shiba Inu saw a rise of 3.22% in the last 24 hours and is currently trading at $0.00001015.It also rose a rank in cryptocurrency rankings and its market value currently stands at $5.57 billion. In the last 24 hours, SHIB saw its price hit the lowest at $0.000009319.

Moreover Shiba Inu rose to $0.000011 on Wednesday morning, marking a nearly 48% surge from the $0.0000074 level during the weekend.SHIB jumps nearly 48% since weekend amid BONE proposal, speculations..

Shiba Inu has become the sixth-most traded cryptocurrency in the world over the past 24 hours. Over 172 trillion SHIB tokens worth around $1.80 billion have been traded by investors during the 24-hour period. The trading volume has increased by around 118% in 24 hours. Shiba Inu is currently the 14th largest cryptocurrency in the world as per market cap.

After the recent sell-off, the number of large Bitcoin holders has increased by some 16%.The top five holders currently have 776,596 BTC in total, worth nearly $16 billion. Reportedly, investors are worried that these whales can ruin the whole market if they poured on it unexpectedly, as no exchange can cover such selling pressure at the moment.The number of “gig-whales” on the Bitcoin network has remained the same for a long time now, but after the most recent sell-off on the cryptocurrency market, we saw a 16% increase in the number of large Bitcoin holders.

The mentioned whales are currently holding almost 800,000 BTC worth approximately $16 billion. The increase in the number of “giga whales” is followed by a decreasing number of addresses that hold from 10,000 to 100,000 BTC.Such a tendency tells us that Bitcoin holders who own over 770,000 BTC at this point are comfortable buying digital gold at the bottom or in a strong downtrend without worrying about temporary losses that they can average down by acquiring an even larger portion of BTC on its way down.

Some users expressed concerns over the fact that only five addresses are holding such a massive amount of BTC that they can pretty much ruin the whole market if they poured on it unexpectedly, as no exchange or market maker can cover $16 billion worth of selling pressure at the moment.

It is also important to note that some of these addresses could be centralized exchange vaults that hold massive amounts of BTC in their reserves. If wallets accounted for in IntoTheBlock’s metrics are not exchange-related addresses, then they are most likely owned by large companies or institutional investors like MicroStrategy.

More than 94 million Shiba Inu (SHIB) coins have been burned in the past 24 hours through 16 transactions, according to data by Shibburn. The latest burning comes as the price of the world’s 16th largest cryptocurrency surged more than 20% in the last 24 hours. The SHIB burn rate, however, is currently down by over 56%.

Moreover Shiba Inu (SHIB) has seen its price rise 21.81% in the last 24 hours and is currently trading at $0.000009846.Earlier, SHIB surpassed Wrapped Bitcoin to become the 14th largest cryptocurrency, however, it’s the 16th largest as of now. Its market value currently is $5.405 billion. Shiba Inu could reach $5 by 2050.

Data has revealed that Shiba Inu surpasses Wrapped Bitcoin to become world’s 14th largest crypto.The market capitalisation of the meme-based cryptocurrency is presently over $5.769 billion. Earlier in the day, SHIB was ranked as the world’s 17th largest cryptocurrency. SHIB has managed to shed a zero from its price after spiking from $0.000008 to $0.00001.

Elon Musk’s bid to buy Twitter was unanimously approved by the board, a regulatory filing showed. DOGE, which had been rising all day on rumours of a potential deal approval, instantly reacted with 9% increase, bringing cumulative daily growth to almost 19%. At the moment, price per DOGE is 0.0685 cents, with total capitalisation of Dogecoin of 8.9 billion dollars.

As just became known in the New York Post, Elon Musk’s bid to buy Twitter was unanimously approved by the social network’s Board of Directors. DOGE, which had been rising all day on rumors of a potential deal approval, instantly reacted with a 9% increase, bringing the cumulative daily growth to almost the 19% mark.

At the moment, the price per DOGE is 0.0685 cents, with a total capitalization of Dogecoin of 8.9 billion dollars. This capitalization value puts the former memecoin, now a payment instrument. The main reason for the rapid growth of DOGE quotations lies precisely in the actions of the coin’s main supporter, Elon Musk.

In particular, no earlier than today, Musk stated that it makes sense to integrate Twitter payments, including crypto, and also advanced the idea of allowing Twitter Blue service to be paid in DOGE. After the news about the bid approval came in, the quotes surged immediately.Musk himself has not yet commented on the latest news.

The Baby Doge Coin (BabyDoge) community has announced that 2.8 trillion tokens, worth around $4,056, were burned within an hour from the meme token’s circulating supply. The initial supply of BabyDoge totalled 420 quadrillion, which has been reduced to 232 quadrillion coins after recent burns. In the first two days of June, 6 quadrillion tokens were burned.

BabyDoge community has announced that nearly 3 quadrillion Baby Doge Coins from the circulating supply of the meme token have been burned as part of the plan to annihilate 50 quadrillion BabyDoge.BabyDoge tracker account @babydogeburn_ has tweeted that a staggering amount of 2,880,434,321,993 BabyDoge has been sent to an unspendable wallet and out of circulation within merely one hour.

Despite the impressive figure, this sum of the meme tokens is worth roughly just $4,056, while the coin is changing hands at $0.000000001408. Over the past 24 hours, it has demonstrated a ten percent surge. The initial supply of BabyDoge totalled 420 quadrillion but after recent burns it has been reduced twice down to about 232 quadrillion canine coins, inspired by Dogecoin and Shiba Inu dog breed.

On June 3,the BabyDoge community voted for an acceleration of token burns and decided to reduce the current supply by another 50 quadrillion. However, this decision was made regarding tokens circulating on Ethereum and there is no data whether and how much BabyDoge would be burned on the original Binance Smart Chain network.During the first two days of this month, they burned 6 quadrillion tokens, later several other large burns followed.

Dogecoin price rises over 10% in 24 hours, m-cap over $8 billion.Dogecoin saw a jump of 10.10% in the last 24 hours.The meme coin is currently trading at $0.06639 with a current market capitalisation of around $8.82 billion. Dogecoin’s 24-hour trading volume has fallen by 14.22% at $654,844,973.

Moreover large transactions of Dogecoin have increased by 68% in the past 24 hours.Surges in large transactions are typically linked to increased activity from whales. Dogecoin now ranks among the top 10 purchased assets among the biggest 2,000 BSC whales in the last 24 hours.

The live Dogecoin price today is $0.064936 USD with a 24 hour trading volume of $66,64,84,525 USD.Dogecoin is up 7.18% in the last 24 hours.It has a circulating supply of 1,32,67,07,64,300 DOGE coins

More than 70 million SHIB were burned via Amazon and other projects on Sunday. A total of 70,276,169 SHIB was sent to a non-spendable wallet, according to Etherscan. “Prices are still super low on SHIB, we can be burning hundreds of millions per week if we got back to our February numbers,” game developer Travis Johnson, who burned SHIB, stated.

Nearly a month ago, the shop was picked for an Amazon affiliate program that also allowed buying SHIB, using the commissions, and then add these tokens to the general burn pot. Shiba Inu are bought using part of profits from ads in the smartphone games and from selling the merch and goods.

This Sunday, according to the tweet, Travis Johnson burned more than 70 million Shiba Inu, using Amazon, his game for smartphones Bricks Buster and other sources that generate income. A total of 70,276,169 SHIB was sent to an unspendable wallet, according to Etherscan.

Bitcoin and other major altcoins have been on a consistent free fall and even hit multi-yearly lows. BTC even touched $17,000 mark this month, however, the king coin has now reclaimed its $20,000. Over the last week, the coin lost 22% of its value but on the daily chart it gained close to 7%.Technical outlook for the coin has picked up bullishness but still reflects signs of weakness. Buyers also have returned to the market, but if buying strength drops again BTC might find support close to $17,000. It is still difficult to say if the coin has bottomed out.

Many altcoins also jumped on their chart as Bitcoin showed signs of relief. This also included Ethereum that pushed up by 9% over the last 24 hours. The global cryptocurrency market cap today was at $950 Billion with an increase of 6.1% change in the last 24 hours.BTC touched its 18-month low as the coin dipped near the $18,000 mark yesterday. Pressure from sellers have constantly pushed the price of the further below. Despite a jump back to the support level of $20,000, sellers are still in control of the market.

Overhead resistance for the call stood at $22,000 and a fall from the $20,000 will cause BTC to trade near the $17,000 to $16,000 mark. BTC’s trading volume also fell on the chart. The bar was seen in red, this was an indication that Bitcoin was still in control of the bears.

Shiba Inu up by over 5% in past 24 hours, m-cap at $4 billion.Its current price is $0.000008 with a 24-hour trading volume of $306,001,157 and its current market value is over $4 billion. The meme coin fell 1.15% in the past seven days and is down by 90.7% from its all-time high.

Moreover 1.26 billion Shiba Inu tokens burned in a week with 95 transactions. 1 Cent made the most significant burns in the past seven days, as the major SHIB Burner project sent 184.49 million SHIB and 801 BONE to a dead wallet in two separate transactions.

The live Shiba Inu price today is $0.000008 USD with a 24 hour trading volume of $29,62,65,279 USD.Shiba Inu is up 3.55% in the last 24 hours.It has a circulating supply of 54,90,63,27,88,76,302 SHIB coins

According to the SHIBA INU website, SHIB is the “DOGECOIN KILLER” and is listed on their own ShibaSwap, a DEX. Shiba Inu coin was created anonymously in August 2020 under the pseudonym “Ryoshi.”