Connect with us

SHIB

SHIB Not Hurt by Elon Musk’s Negative Tweet, David Gokhshtein Explains Why

Published

on

Crypto influencer stresses that the recent SHIB rally has nothing to do with Elon Musk or Robinhood’s potential listing

Head of the PAC Protocol David Gokhshtein has taken to Twitter to stress that Shiba Inu (SHIB) meme currency has rallied to the Sunday all-time high without Elon Musk pumping it in his tweets and the project has not been hurt by the centibillionaire’s tweet posted on Sunday.

“SHIB is not hurt by today’s tweet of Elon Musk”

In his recent tweet, CEO of PAC emphasized the fact that Shiba Unu reached Sunday’s all-time high without Elon Musk pumping the meme coin.

Advertisement

Therefore, Gokhshtein adds, the SHIB project has not been hurt by the tweet Musk posted on Sunday, saying that he does not hold SHIB and stating that a crypto project should create real value by providing “goods and services to fellow human beings” and not try to make money in any form.

Gokhshtein added that had Musk tweeted in the same manner about Dogecoin, it would most likely have impacted the coin negatively, hinting that Dogecoin and its community depend on the appraisal Elon Musk gives them on Twitter.

The PAC Protocol CEO also tweeted that the new lifetime peak was reached by SHIB without getting listed on the Robinhood app.

Advertisement

SHIB plummets after Musk’s tweet

The canine cryptocurrency, referred to by the SHIB community as the “Dogecoin killer” went down after Elon Musk rejected it in his tweet.

On Sunday, October 24, SHIB soared to a new historic peak of $0.00004442. On the same day, after the Tesla CEO posted his “anti-SHIB” tweet, the second largest meme cryptocurrency plunged approximately 14 percent to $0.00003472. However, later on, SHIB recovered to the $0.00004 level.

Advertisement

SHIB became the third most traded crypto after Bitcoin and Tether (surpassing even Ethereum) and got to be the most traded crypto on Coinbase by margin.

At the time of writing, the crypto is trading at $0.00003879, as per the data provided by CoinMarketCap.

10381_0
Image via CoinMarketCap

Robinhood adds SHIB to their customer survey

On Saturday, U.Today reported that Robinhood app, that is expected to list Shiba Ibu soon, included SHIB in its survey for customers to study their preferences in crypto.

Advertisement

The survey contained a list of crypto and a question whether a user have recently bought any of the cryptos offered on the list, including SHIB, XRP, ADA, DOGE and a few other popular cryptocurrencies together with Bitcoin.

News Source

Advertisement

Shiba

Will Newegg Accept Shiba Inu? Mysterious Tweet Reignites Rumors

Published

on

Shiba Inu hodlers are trying to wrap their heads around a mysterious tweet posted by the token’s official Twitter account

The Shiba Inu community has been bewildered by the #friendshib hashtag posted by the official Twitter account of the meme cryptocurrency.

It is accompanied by the egg emoji, which might be hinting at a potential partnership with electronics retail giant Newegg, according to some SHIB hodlers.  

Advertisement

The same tweet was posted by lead developer Shytoshi Kusama, fueling anticipation within the community. Both tweets have generated more than 9,000 likes at the time of writing along with thousands of replies.  

Advertisement

As reported by U.Today, Newegg tagged both accounts last Saturday, prompting rumors about possibly adding SHIB as a payment option.      

The official account of the Shiba Inu token posted a 16-second teaser that shows a set of lightbulbs gradually lighting up on Thursday. The community started speculating that this could be related to a potential partnership.

Notably, the video clip also displayed a logo that seemingly combines “W” and “V.”

On Thursday, Kusama tweeted that he would publish a Medium blog post about Shiba Inu Games and announce a consultant who would work with the game studio. 

Advertisement

Some have suggested that it could be William Volk, former vice president of American video game publisher Activision, based on his initials. The fact that Kusama follows him on Twitter made the rumor more plausible. 

News Source

Advertisement
Continue Reading

SHIB

Shiba Inu Community Puzzled by Mysterious Twitter Hashtag. Is New #Friendshib on the Horizon?

Published

on

Shiba Inu hodlers are trying to wrap their heads around a mysterious tweet posted by the token’s official Twitter account

The Shiba Inu community has been bewildered by the #friendshib hashtag posted by the official Twitter account of the meme cryptocurrency.

Advertisement

The hashtag in question was also posted by lead developer Shytoshi Kusama, fueling anticipation within the community. Both tweets have generated more than 5,000 likes at the time of writing. 

As reported by U.Today, the official account of the Shiba Inu token posted a 16-second teaser that shows a set of lightbulbs gradually lighting up. The community started speculating that this could be related to a potential partnership.

Notably, the video clip also displayed a logo that seemingly combines “W” and “V.”

On Thursday, Kusama tweeted that he would publish a Medium blog post about Shiba Inu Games and announce a consultant who would work with the game studio. 

Advertisement

Some have speculated that it could be William Volk, former vice president of American video game publisher Activision, based on his initials. The fact that Kusama follows him on Twitter made the rumor more plausible. 

News Source

Advertisement
Continue Reading

SHIB

Tech Savvy Crooks Are Stealing Millions in Bitcoin, Ethereum and Shiba Inu Through YouTube Live: Report

Published

on

Scammers are using compromised YouTube accounts to steal millions of dollars in crypto from unsuspecting viewers, according to a new report.

The cybersecurity firm Tenable says digital thieves are employing a savvy blend of fake celebrity endorsements and trending cryptocurrencies to reap illicit gains through fake giveaway events.

Analyst Satnam Narang says the scammers are utilizing YouTube Live to create supposed live streams that in actuality broadcast pre-recorded, ripped-off and manipulated content.

Advertisement

“To promote the fake cryptocurrency giveaways on YouTube, scammers follow a very basic templated approach… Each video contains a section that features an unrelated interview involving notable [crypto] figures…

The videos contain a section that features the URL for the so-called event or giveaway. This section is not clickable, which means the user has to manually type in the URL to reach it.”

Once the viewer visits the scammers’ website, they are asked to send funds to a crypto address and told they will later receive double their money or more in return.

Advertisement

The crooks are stealing popular crypto assets including Bitcoin (BTC), Ethereum (ETH) and popular memecoin Shiba Inu (SHIB).

Narang says that in a recent month-long survey of YouTube Live scams, he counted at least $8.9 million in fraudulent activity.

The report goes on to explain how familiar faces are ideal to use as bait when luring in victims.

Advertisement

“Scammers recognize that users place a lot of trust in influential voices. Combined with the plethora of existing interview footage featuring many of these notable figures, scammers have developed a formula that adds legitimacy to their efforts and has continued to work for years.”

The report notes that an important aspect of running a successful scam is to take over an existing YouTube account that already has a large subscriber base. This leverage provides an air of legitimacy and increases the likelihood that a significant number of people will encounter the video.

The presentations are designed to be slick and professional, such as this fake Elon Musk/SHIB promotion.

Advertisement
Image
Source: Tenable

Tenable notes that after Musk’s appearance on popular late-night comedy show Saturday Night Live back in May, hackers made off with over $10 million via fake crypto giveaways.

In response to the proliferation of fraud on its platforms, Google’s Threat Analysis Group recently posted a wide-ranging report called “Phishing campaign targets YouTube creators with cookie theft malware.”

The section about crypto fraud states,

“A large number of hijacked channels were rebranded for cryptocurrency scam live-streaming. On account-trading markets, hijacked channels ranged from $3 USD to $4,000 USD depending on the number of subscribers.”

Advertisement

News Source

Continue Reading