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Turkish brokerage listing boosts Shiba Inu to ATH

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Shiba Inu or Shib crypto coin with copy space, standing outdoor with blurred bokeh night city lights background and reflection on wet surface. Single Shiba cryptocurrency token banner, place for text

Istanbul (Turkey) based cryptocurrency broker Paribu has listed Shiba Inu (token: SHIB), helping crypto-meme reach a new ATH (historic high).

Paribu, launched in February 2017, is one of Turkey’s most popular crypto exchanges, with around 5 million users.

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In a post yesterday, “Turkey’s highest volume cryptocurrency trading platform” (with an average daily transaction volume of US$600 million) announced that it had listed Shiba Inu.

Coinbase, another popular crypto broker, described Shiba this way when they announced cryptocurrency on their platform (on June 15) Coinbase Pro:

“Shiba Inu (SHIB) is a token that aspires to be an Ethereum-based alternative to Dogecoin (DOGE), the popular memecoin. Unlike Bitcoin, which is designed to be sparse, SHIB is intentionally abundant (its supply one quadrillion stock). The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.“

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#SHIBARMY asks for Robinhood listing

From Oct 23 until today Oct 27, the SHIB token has valued around 140%. The community argues that this is just the beginning, while skeptics say a “bubble” is forming.

Individual investors are asking Robinhood Markets Inc. to list the current meme currency.

And while many retail investors believe the meme-token is the next Dogecoin in the cryptocurrency world, it’s quite possible that many Robinhood users would appreciate the opportunity to invest their money in a meme based on another meme.

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As Robinhood reported yesterday (26), its cryptocurrency transaction revenue plummeted 78% in the third quarter compared to the previous three months.

Meanwhile, #SHIBARMY was on Twitter and social media was buzzing with requests to allow you to trade the currency in your app.

But the company hesitated, justifying that despite the demand and fierce competition from other brokerage platforms that have already listed Shiba Inu, the regulatory environment around the new currencies is still evolving, and said it will remain cautious about adding new currencies , especially if there is a risk of raising concerns from regulators about unregistered bonds.

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In the second half, Robinhood earned approximately 64% of $233 million in revenue from DOGE alone.

But in the third quarter, cryptocurrency-related revenue dropped to just $51 million as DOGE (which had been trumpeted by billionaires like Elon Musk and Mark Cuban) lost some media space.

Shiba Inu – who calls himself “The Dogecoin Killer” – is now taking his place in the hearts of memecoin enthusiasts.

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Shiba Inu had reduced some of his earnings earlier this week after Elon Musk tweeted that he didn’t own the coin. In a subsequent tweet, he said he bought Bitcoin, Ether and Dogecoin and “that’s it”.

Meanwhile, a petition on Change.org asks Robinhood to list SHIB on their platform, and it has already attracted more than 325,000 signatures. Will they have the strength to get the listing?

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Healthcare Company Adds Shiba Inu to Its Balance Sheet

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A Toronto-based healthcare company now holds Shiba Inu on its balance sheet.

Ask The Doctor, a Canadian online healthcare company, has added $1.5 million worth of Shiba Inu to its balance sheet, according to an announcement posted on its Twitter account.

Kraken facilitated the seven-figure buy. As reported by U.Today, Shiba Inu started trading on the San Francisco-based cryptocurrency exchange on Tuesday.

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The medical information website will also begin accepting the meme cryptocurrency with its healthcare partners within the next three days.

It already allows clients to pay with Dogecoin for certain services in the U.S. and Canada.   

The Toronto-based company was launched in 2010, allowing its clients to connect with medical professionals via text messages or video streaming. Notably, its list of co-founders includes former NBA player Israel Idonije and former NBA star Dikembe Mutombo.

In 2016, Ask The Doctor started accepting Bitcoin payments, becoming the first healthcare company around the globe to embrace crypto.

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The reason for adding the new payment option was to offer customers who share sensitive medical data more privacy.

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Shiba Inu Coming to Brazil’s Largest Crypto Exchange

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BBrazil’s Mercado Bitcoin is set to add support for Shiba Inu on the first day of December.

Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, has announced that Shiba Inu will become available for trading starting from Dec. 1.

The token is yet to be added to the trading platform at the time of writing.

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The announcement was accompanied by a video of a Shiba Inu dog in military gear.

After listing SHIB, Mercado Bitcoin will also add support for Cosmos (ATOM), Polkadot (DOT) and Loopring (LRC) later this week.

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 2TM, the parent company of the number one exchange in Latin America, raised another $50.3 million in late November. This occurred just months after raking in $200 million in July during a Series B investment round spearheaded by Japanese conglomerate SoftBank.

Last month, Korbit became the first cryptocurrency exchange to list Shiba Inu in South Korea.

Kraken, one of the world’s top exchanges, also added support for the top token earlier this week.

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New Shiba Whale Buys $38 Million Worth of Tokens

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Another whale appears on Shiba Network after token drops from local high and consolidates

New Shiba Inu whale appears on the network after purchasing $38 million worth of tokens. The whale newcomer has bought 850 billion tokens while it was losing 5% of its previously gained value.

The transaction was made 15 hours ago, while the token had just begun its correction and was trading at $0.000048. Such strong buying power, unfortunately, could not push SHIB further up and fuel the local uptrend.

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With more whales entering the market, Shib’s fundamental background is continuously developing while the price on the market seems to struggle to break through the $0.000046 area.

Other whales also remain in the Shiba Inu sea by holding more than $2.3 billion worth of tokens while previously owning only about $1.8 billion. The change in the trend appeared shortly after the global cryptocurrency market correction.

Transaction Data
Source: WhaleStats

Most whales have entered Shib with a large discount of 15% compared to the previous trading range. Whales have also become an absolute majority on the chain by buying up 72% of the circulating supply, which puts Shiba mostly in the hands of large wallets.

At press time, Shiba is trading at $0.000046 with 3% of the daily loss. Additionally, the token is losing 15% from its previous high of $0.000054. The token failed to continue its rally and is trading at the local support, while on-chain data suggest a rapid drop of trading volume, which indicates that traders have not yet decided the future direction of the asset’s price.

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