#BONK Shiba Inu gains significant traction within the crypto realm as Shytoshi Kusama revealed major $SHIB developments.Shytoshi Kusama, Shiba Inu’s lead developer, recently shed light on SHIB’s cryptographic venture as it advances further within the crypto landscape. In a series of posts, Kusama highlighted how the SHIB token is noting significant efforts by the token’s community to boost the Shiba Inu tokenomics.Furthermore, as the announcement surfaced in the crypto market, Shiba Inu’s price jumped promptly, powering optimism for the token.Aligning with the rise in Shiba Inu’s price, the #SHIBburn rate also noted a substantial surge, stirring speculations among crypto market enthusiasts.Shytoshi Kusama Unveils Upcoming SHIB BurnIn a series of posts on X, Shytoshi Kusama shed light on how the SHIB token is revolutionizing itself within the broader crypto market. According to Kusama’s statement, the Shiba #Cryptocommunity reportedly prepares for a colossal burning chronicle.With the #SHIBCommunity setting its sights on burning billions of tokens in the near future, crypto fanatics seem to be eyeing the token extensively.Moreover, the statement stressed Shiba Inu’s shifting from memes and lore to a global standard orbiting crypto and blockchain.In addition, the statement further spotlighted an upcoming partnership for the SHIB cryptocurrency. The partnership, currently in the pipeline, aims to solidify the token’s positioning as a global force, hinging on building support for the token.Shiba Inu Price SoarsThe Shiba Inu price jumped 3.32% over the past 24 hours as of writing, evaluating $0.00001015. However, the token’s weekly trajectory illustrated a fall of 1.24%, escorted by a monthly upswing of 13.85%.Shiba Inu’s market charts portrayed a prompt jump soon after Kusama revealed a noteworthy burn in progress. Moreover, while writing, the SHIB burn rate recorded a substantial increase of 10.07%, incinerating 1.18 million coins in the past 24 hours.The current jump witnessed by the token primarily comes as a result of the aforestated announcement, followed by a burn rate upswing.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. #BinanceTournament @WISE CRYPTO NEWS

Attackers behind the Poloniex heist stole a whopping 577 billion Shiba Inu tokens and other crypto assets from the exchange. 
Read more on: https://thecryptobasic.com/2023/11/11/577-billion-shiba-inu-tokens-stolen-from-poloniex-exchange/
#SHIBs #Shiba.Inu #SHIBCommunity #Crypto #CryptoNews🔒📰🚫

The developers of Shiba Inu deployed the Shiba Name Service (SNS) in the second layer of Shibarium .According to Valx and quoted by dailycoin, on the last day of October 2023, when the developers unveiled the first part of the SHIBDentity system, a new era began in the second layer network of Shiba Ino, Shibarium. The Shiba Name Service (SNS) is designed to help users leave complex addresses on the blockchain.Shibarium's second layer scaling solution brings a transformative innovation with easily readable addresses on the blockchain. But these addresses also play a role in finalizing a larger plan to create a complete, decentralized digital identity through verifiable credentials.SNS is made available to users through name.shib.io. For example, getting an address named Wallex.SHIB currently costs 20 Shibaswap Bones (BONE). Shibarium's official gas token is used to buy these addresses. At the same time, users can use different Web3 wallets, including Coinbase, Metamsk, TrustVault, and Rainbow, to get their domain.Kusama reveals the main features of SHIBDentityThe general characteristics of SHIBDentity The Shiba Ino ecosystem revolves around several key axes:Self-trusted authentication via Web 3 : This removes the need for user identification via traditional or Web 2 methods, meaning they regain control of their data.Decentralized and Verifiable Credentials : In SHIBDentity, credentials are stored directly as such, not in a company-owned database.W3C Standard Compliance : Creating a Web Consortium for Global Standards for Autonomous Identities. This enables cooperation between autonomous identities in different applications.SHIBDentity Karma System : The built-in trust system allows network members to organically build trust on the blockchain without relying on personal connections.It's on the coin!Shiba Token developers' ambitions for its Super App could challenge Elon Musk's Platform X , as the concept is exactly that of an all-in-one digital identity-based app.However, Shiba Inu plans to combine decentralized autonomous organizations (DAOs) and encrypted messaging in order to eliminate intermediaries#SHIBCommunity #etf #BTC $SHIB $XRP $DOGE

In an exciting development for the Japanese crypto community, SBI VC Trade, the crypto exchange division of the SBI Group, has announced a special campaign to celebrate Kabosu-chan’s birthday, the beloved internet personality who inspired the popular Shiba Inu and Dogecoin cryptocurrencies.
The campaign aims to engage crypto enthusiasts and provide them with an opportunity to win Shiba Inu (SHIB) tokens.
Kabosu-chan, an adorable Shiba Inu dog, captured the hearts of millions around the world, leading to the creation of the Shiba Inu token and even contributing to the rise of Dogecoin (DOGE).
The campaign, which was announced through a statement on the X platform and the official SBI VC Trade blog, invites Japanese crypto enthusiasts to participate and earn cryptocurrencies inspired by Kabosu-chan. The company has provided specific details about the promotion, ensuring that participants are well-informed.
Shiba Inu (SHIB) and Dogecoin (DOGE) Campaign
According to the announcement, SBI VC Trade users can actively engage in Shiba Inu and Dogecoin transactions while also taking part in a coin lending initiative. This multi-faceted campaign offers participants several avenues to explore within the crypto space.
To make the campaign even more enticing, participants have the opportunity to earn rewards for purchasing SHIB and DOGE during the campaign period. The eligibility criteria for these rewards are as follows:
Individuals who enter into a contract to purchase SHIB with a value of 50,000 yen or more during the campaign period.Individuals who do the same for DOGE.
Participants meeting these requirements will receive rewards proportional to their purchases. For SHIB transactions, qualifying customers will receive an amount equivalent to 1% of their Shiba Inu purchase contract price in SHIB tokens. The same 1% commission applies to Dogecoin transactions, ensuring fairness and consistency.
In addition to the rewards, SBI VC Trade has a surprise for customers who open a new account as part of the campaign. These individuals will receive a special gift of “Kabosu fruit juice,” a delightful gesture that adds to the celebratory atmosphere of the campaign.
The campaign, running from November 2nd to December 1st, 2023, presents a limited-time opportunity for Japanese crypto enthusiasts to celebrate Kabosu-chan’s birthday while potentially earning exciting rewards in the form of SHIB and DOGE tokens.
The campaign not only commemorates the iconic Kabosu-chan but also highlights the significance of cryptocurrencies in our digital age.
Make sure to mark your calendars and take part in this special campaign brought to you by SBI VC Trade. Join the festivities surrounding the influential Kabosu-chan and her impact on the crypto world.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIBCommunity #DOGEProjections $SHIB $DOGE

The progress of the layer-2 network #Shibarium remains noteworthy, as indicated by recent developments within the ecosystem. These recent advancements have further rekindled optimistic attitudes among the Shiba Inu community, as members anticipate a positive trend in the token's trajectory. $SHIB
The Resilience of Shibarium
Shibarium has demonstrated significant progress subsequent to its initial unsuccessful debut. The network has lately introduced its name service, offering customers a more convenient and streamlined method for doing transactions within the network.
The network has garnered significant attention and practicality, as seen by the recent announcement from node vendor NOW Nodes, which identified Shibarium as one of the top-performing networks within their ecosystem.
As per their statement, they have successfully handled more than 66 million queries to Shibarium since the initiation of shared access to the Shibarium RPC full nodes in September. In addition, they emphasized their intentions to integrate Shibarium into prominent cryptocurrency exchanges and digital wallets.
As an integral component of these strategic initiatives, the subsequent phase entails identifying liquidity providers that will facilitate the seamless integration of Shibarium into various exchanges and wallets. An example of such an exchange is GroveX, a company established in Australia, which has disclosed its ongoing efforts to incorporate the network into its platform.
In the meanwhile, there is a persistent upward trend in on-chain activity inside the network. Based on the data obtained from the network explorer Shibariumscan, it can be observed that the network is approaching the milestone of processing four million transactions. Currently, Shibarium is observing a daily average of 14,000 transactions.
Based on available evidence, it is evident that the network's crew is diligently working towards achieving their goals. This aligns with the perspective of Shytoshi Kusama, the primary developer of Shiba Inu, who emphasized the importance of such efforts in order to witness a substantial rise in the price of SHIB, as desired by the community members.
Nevertheless, the incorporation of Shibarium into the decentralized wallet has not been officially verified, since there has been no comment published by the wallet provider about this matter. Additionally, at the time of writing, it appears that Shibarium is not supported on the wallet.
In January of the current year, Atomic made a statement regarding their intention to provide support for Shibarium with the introduction of the layer 2 network. However, no more communication has been made about this matter subsequent to the aforementioned announcement.
If ultimately verified, such information will unquestionably have a positive impact on the ecosystem. The implementation of this action has the potential to facilitate the integration of Atomic's user base, which exceeds 5 million registered users, into the network. Consequently, this might lead to a subsequent surge in the demand for the ecosystem's utility tokens.
According to data sourced from CoinMarketCap, the current trade value of SHIB is at around $0.000007893, reflecting a positive increase of more than 2% throughout the past 24 hours.
#SHIBCommunity #crypto2023

In a recent Telegram chat, Shytoshi Kusama, the lead developer of Shiba Inu, addressed concerns surrounding the burning of SHIB tokens. Kusama reiterated that the burns will only occur through increased utility and widespread adoption.
According to Kusama, the key to SHIB burns lies in the utility and practical application of the token. “BURNS will only come through utility and use,” Kusama emphasized during the Telegram chat, which was shared by Shiba Inu marketing specialist Lucie.

This statement from Kusama comes at a time when many Shiba Inu enthusiasts are calling for more burns. However, Kusama made it clear that the primary focus of the team is to build utility and adoption for Shiba Inu, rather than solely burning tokens. “So I focus on use and put burns in,” Kusama added.
Combatting Fear, Uncertainty, and Doubts (FUDs)
Kusama also addressed the negative impact caused by individuals spreading Fear, Uncertainty, and Doubts (FUDs) about Shiba Inu. He pointed out that these malicious reports and attacks drive users away and hinder the adoption of Shiba Inu projects.
“FUD attackers are driving users away with malicious reports. They are driving down adoption. This is why we focus on utility. If we have utility, we will have adoption,” Kusama explained.
These remarks from Kusama align with the views of many other cryptocurrency experts who believe that utility is crucial for the long-term success of any digital asset.
SHIB Burns: A Recap
To date, the total number of SHIB tokens burned stands at an impressive 410.66 trillion. The majority of these burns occurred in May 2021 when Ethereum co-founder Vitalik Buterin burned a significant amount of SHIB tokens.
Additionally, other Shiba Inu enthusiasts have voluntarily contributed to the burn program by sending SHIB tokens to a designated dead wallet. However, the rate of burns has slowed down in recent months.
Long-Term Focus on Shiba Inu (SHIB) Utility and Adoption
Shytoshi Kusama’s recent statements indicate that the Shiba Inu team is prioritizing the development of utility and adoption for the project, rather than solely focusing on token burns. This approach showcases a positive outlook for Shiba Inu, as it suggests a long-term strategy.
However, it is important to note that building utility and adoption takes time. Therefore, a significant increase in SHIB burns may not be immediate. Nevertheless, successful implementation of utility and widespread adoption could potentially lead to substantial price appreciation for SHIB in the future.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIBCommunity #Shib $SHIB

The Shiba Inu ecosystem has demonstrated itself to be far beyond a mere meme coin. Through punctual updates and active community engagement, the project’s practicality and functionality have been significantly enhanced. Enter The Shib Magazine, an innovative weekly publication. It serves as an entry point to pioneering concepts, the most recent advancements, and news both within the Shibarium ecosystem and beyond.It is more than just reading material. The magazine reportedly functions as a gateway to unexplored realms of innovation. It also offers unparalleled insights, leadership in thought, and engaging content.What can one expect from The Shib Magazine?Timely Updates on the Shibarium Ecosystem: Readers can stay informed about the latest developments within the Shibarium ecosystem. This will further enable them to remain at the forefront of advancement. This is whether they relate to technological progress, innovative solutions, or community-driven initiatives.Evolution of Shib Products and Novel Solutions: The evolution of Shib products and the introduction of fresh solutions.Vibrant Shib Army and Community Initiatives: Details pertaining to the Shib Army, its events, initiatives, and the tales of success they’ve achieved will be reported here. From community-led charity initiatives to inventive projects, readers can gain an insider’s perspective on the pulse of the Shib community.Insights into Trending Tokens: Readers will have access to valuable insights into the tokens gaining traction within the Shibarium ecosystem. They will be able to uncover new investment opportunities and learn about promising projects. Along with this, they can stay informed about the most recent trends in the market, all courtesy of The Shib Magazine.Exclusive Interviews with Industry Experts: Readers can also benefit from distinctive viewpoints provided by industry experts and leaders through exclusive interviews.Community Engagement and Contribution: The opportunity to contribute to the magazine is also available. The Shib Magazine welcomes contributions from its readers, creating a collaborative environment where ideas and creativity can flourish.Lighter Side of the Tech World: Entertainment, memes, and artwork that add a touch of light-heartedness to the tech world can be found in the magazine. Through this, readers can take a refreshing break from the seriousness often associated with the digital landscape.Advertising and Community Involvement: For those looking to broaden their outreach, The Shib Magazine offers comprehensive marketing packages. Whether one aspires to feature on the front page, become part of the influencer network, or secure advertising space, there are numerous opportunities to engage with a diverse and extensive audience.Here’s how the magazine intends to give backAs a gesture of gratitude to its readers, The Shib Magazine extends a special offer to its initial 1000 subscribers. It presents them with a complimentary NFT featuring the magazine cover. This exclusive bonus ensures a unique experience right from the beginning.In essence, The Shib Magazine transcends the realm of being merely a publication. It represents a community-driven endeavor that unites innovators, enthusiasts, and visionaries under a single digital roof. By combining informative content, exclusive features, and active community participation, it paves the way for a more interconnected and well-informed Shibarium ecosystem.#ShibaInuMystery #SHIBCommunity

Lucie, Shiba Inu’s marketing specialist, has outlined big plans from the Shiba State set to be implemented in 2024/2025.
Read more on: https://thecryptobasic.com/2023/11/09/shiba-inu-team-unveils-big-plans-for-2024-2025/
#ShibaInuRevolution #SHIBCommunity #Crypto #CryptoGoals #CryptoNews🔒📰🚫

As announced on X (Twitter) and #Binance , Shiba Inu has launched its Shiba Name Service (SNS) on Shibarium, a Layer-2 scaling solution. The purpose of the SNS is to empower users to take ownership of their Shib identity and steer clear of complicated blockchain addresses.By visiting the SNS website, users can protect their exclusive name. SNS's debut was commemorated with a $5,000 Shib giveaway. The #SHIBCommunity is excited about the recent launch of SNS, and some are speculating that it might cause a rally in $SHIB price. It's crucial to remember that SNS's introduction does not ensure that SHIB's price will rise because #cryptocurrency prices are very erratic and susceptible to changes in the market.A platform for token burning has already been introduced by #Shib Inu, enabling holders to get paid for burning their SHIB tokens. The recent introduction of SNS is a step in the direction of the Shiba Inu ecosystem's growth and may encourage more people to use the SHIB #crypto token.

A New Era Begins on ShibariumThe moment has arrived, marking a milestone in our journey. With bated breath and anticipation, we proudly launch our ambitious venture, Shib Name Service, on Shibarium.It is our first step towards building Shibdentity, a decentralized identity platform that empowers users to own and control their digital identities.The Power of Shib Name Service (SNS)As part of the Shibdentity ecosystem, we introduce the Shib Name Service (SNS). SNS is a disruptor that brings something special to the table: human-readable addresses. No longer will you have to navigate through complex Shibarium addresses. Instead, you can send tokens to your friends and contacts using their unique Shib names. For example, you can send tokens to "bob.shib" instead of a lengthy and confusing wallet address such as 0xCD4C526E9981d690472d1cB85F2ddf08451C4673. Interesting, right?The Advantages of SNSLet's delve deeper into the advantages of Shib Name Service:Human-Readable AddressesSNS converts complex Shibarium addresses into simple names. This not only makes it easier for individuals to remember their addresses but also enhances the overall user experience.DecentralizedOperating on the Shibarium blockchain, SNS ensures that there is no central control. The decentralized nature of SNS aligns with our vision of empowering individuals and removing reliance on third-party platforms.ExtensibleSNS goes beyond supporting Shibarium addresses. It has the potential to be used with other cryptocurrencies and even decentralized websites. This flexibility opens up new possibilities and encourages innovation in the blockchain space.SecureBuilt on top of the secure Shibarium platform, SNS inherits robust security features. It ensures that your transactions and interactions are protected, giving you peace of mind.Reduces ErrorsSending assets to the wrong address can have disastrous consequences. SNS simplifies the process by reducing the risk of errors. With human-readable addresses, the chances of making a mistake are significantly minimized.InteroperableSNS is designed to work seamlessly with various apps and services within the Shibarium ecosystem. This interoperability provides a holistic user experience and fosters collaboration between different platforms.Censorship-ResistantBy registering names on a decentralized platform, SNS ensures that they are resistant to centralized control or takedowns. It empowers individuals and protects their identities from censorship.ShibdentityShibdentity is more than just a clever play on words; it represents a paradigm shift in the world of decentralized identity solutions. At its core, Shibdentity aims to empower individuals by putting them back in control of their digital identities. It achieves this by providing self-custodial authentication, decentralized verifiable credentials, smart wallets, and adherence to W3C standards for self-sovereign identity.Why Shibdentity MattersNow, you might be wondering how SNS ties into the grander scheme of Shibdentity. The answer lies in its core principles:Self-Custodial AuthenticationIn a world dominated by centralized systems, Shibdentity brings power back to the people. With self-custodial login systems, you will no longer depend on third-party platforms. Whether it's Web3-based wallet authentication or decentralized social logins, you are in control of your digital identity.Decentralized Verifiable CredentialsWith Shibdentity, you can collect and showcase your credentials without needing centralized authority. These verifiable credentials are securely stamped on the blockchain, making them immutable and accessible to anyone who wishes to verify them.Smart WalletsWe are introducing on-chain self-custodial smart wallets, taking the concept of wallets beyond simple transactions. With enhanced security and complete control over your assets, Shibdentity ensures that buzzwords like "enhanced security" and "complete control" translate into tangible benefits.W3C Standard ComplianceShibdentity adheres to the World Wide Web Consortium standards for self-sovereign identity, making it globally recognized and interoperable with other systems. This compliance ensures that your identity is not limited to a specific platform but can be used across various applications and services.Reputation / Karma SystemYour digital identity is closely tied to your reputation, and we acknowledge the importance of trust in the digital realm. With a reputation system integrated into your identity, your good deeds and trustworthiness are recorded, allowing for organic trust-building within the community.Envisioning The HUB: The Ultimate Super AppSNS and Shibdentity are not standalone projects; they are integral parts of our grander vision: The HUB. The HUB aims to be a super app built on the Shibdentity framework. Imagine an ecosystem where decentralized applications (dApps) thrive, interoperability is the norm, and your identity is the key to accessing various services. The HUB will serve as a central point, enabling a seamless, interconnected experience, all while ensuring you have proper control over your data, identity, and assets.P2P Direct Messaging: Enriching CommunicationAs part of the Shibdentity ecosystem, peer-to-peer messaging is a core feature that sets a new standard for data privacy. Your conversations remain confidential between you and the recipient, with no centralized entity storing or accessing the messages. This brings several advantages:Enhanced PrivacyConversations are end-to-end encrypted, ensuring only the intended recipient can read the messages. It adds an extra layer of privacy and security to your communications.Reduced SpamWith the Reputation/Karma system integrated into Shibdentity, malicious or spammy users can be filtered out. It ensures your inbox remains relevant and secure, free from unwanted messages.Direct ConnectivityMessages are transmitted directly between users without any intermediaries. It delivers faster and real-time communication, enhancing the overall user experience.Integration with Shib Name ServiceTo make the messaging process intuitive, Shibdentity seamlessly integrates with Shib Name Service. It allows you to easily message someone using their human-readable .shib domain, making the entire process more user-friendly.#ShibariumBlockchain #shib #SHIBCommunity

Shiba Inu (SHIB) has become one of the most prominent meme-inspired cryptocurrencies since its launch in August 2020. The developers behind the decentralized token have worked to build an ecosystem of projects for the SHIB community.However, the recent launch of the layer-2 solution Shibarium failed to significantly boost prices amid the ongoing crypto bear market. With Thanksgiving approaching, here is our Shiba Inu price prediction for Black Friday 2023.What is Shiba Inu? A Brief HistoryShiba Inu is a decentralized cryptocurrency that spawned from a meme-inspired online community. The token’s mascot is a Shiba Inu dog, which led to the name.In mid-2020, an anonymous individual or group known as Ryoshi started working on Shiba Inu as an experimental decentralized community project. Ryoshi intended to take the meme coin concept behind Dogecoin and build an ecosystem around it.After launching in August 2020, Shiba Inu gained little initial traction until May 2021. That month, Ethereum co-founder Vitalik Buterin donated and burned trillions of SHIB, sparking a frenzy of interest. The supply removal helped propel SHIB’s price from $0.0000007 to $0.000037 within days.By October 2021, SHIB peaked at $0.000088, delivering over +10133726% gains from its debut. However, the token has declined significantly since being caught up in the 2022 crypto bear market.The developers behind Shiba Inu have worked to expand utility and use cases beyond being a speculative asset. Efforts include the Shibarium layer-2 network, metaverse land in the Shibaverse, and plans for merchant payments with SHIB. However, prices remain depressed near all-time lows.Shiba Inu Price Prediction for Black Friday 2023According to analysts, SHIB’s price outlook for Black Friday 2023 appears muted, with limited upside expected in the near term.Changelly analysts estimate SHIB will trade between a minimum of $0.00000710 and a maximum of $0.00000891 in November. The average predicted trading price for November 24, Black Friday is $0.000008653.This would only represent a minor recovery from the current price of $0.000008199. Since its peak in late 2021, SHIB has plunged over 90% in value amid the crypto bear market and is struggling to regain momentum.With crypto prices still highly volatile, SHIB could see spikes in either direction depending on market sentiment and developments within the broader Shiba Inu ecosystem. However, major gains above $0.00001 seem unlikely, barring unforeseen bullish catalysts.For the meme coin to mount a sustainable turnaround, investors will need to see real adoption and utility materialize through platforms like the Shibarium layer-2 network. So far, the cryptocurrency has mainly been used for speculative trading.While Shiba Inu boasts a loyal community of supporters who remain engaged online, many analysts don’t anticipate a return to all-time highs anytime soon. Unless the crypto market strongly reverses its bearish trend, SHIB appears set to trade largely sideways through late 2022 and into 2023.#SHIBCommunity #ShibaInuMystery