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Shiba

Attention Traders! Is Shiba Inu Warming up Before Its Next Rally?

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The Cardano family has been traveling all over the world and its current destination was Africa. As part of the Cardano Africa Tour, Charles Hoskinson, the founder of the Cardano network, was seen meeting with an array of politicians as well as entrepreneurs in order to roll out blockchain-based solutions into certain countries.

The underlying technology that cryptocurrencies run on, blockchain has been a crowd favorite. Several governments, as well as major firms, were seen excessively employing blockchain tech over the last couple of years.

As the world turns over the digital leaf, several countries, particularly the underdeveloped and developing countries have a tough time in adopting or getting on par with this transition. Implementation of blockchain tech in such countries could certainly speed up the process and bring them much closer to witnessing a technological metamorphosis. Therefore, the IOHK team seemed to be helping regions in Africa to be better connected to the developed world.

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Cardano Africa Tour to help developing nations

Charles Hoskinson has been keeping the community updated about what the IOHK team was doing in Africa. In his most recent tweet, Hoskinson revealed that he was in talks with the Ministry of Education of Ethiopia. This meeting could indicate that Hoskinson was trying to pitch the idea of using blockchain tech in the Ethiopian educational system.

His tweet read,

“Dropped by the MOE today to discuss the digital transformation of Ethiopia’s educational credentials. Five million students on schedule.”

Cardano
Cardano Africa Tour: Ethiopian Government eyes digital metamorphosis 3

Apart from education, blockchain technology can be and has proved to be used in an array of industries including healthcare, agriculture, along with many others.

Following this, Hoskinson would reportedly be visiting other African countries like Nigeria, Egypt, Ghana as well as Kenya. During his visit, he hopes to discuss the potentials of including blockchain tech into their system, with presidents and businessmen of that respective country.

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SHIB

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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SHIB

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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SHIB

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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