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Shiba Inu

Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." According to its whitepaper, Shiba Inu was created with the intention of creating a "100% community-led" cryptocurrency. Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin's Srypt-based mining algorithm. Shiba Inu is widely considered to be a "memecoin" due to its high volatility and network effect, driven by influential commentators like Tesla CEO Elon Musk.

The cryptocurrency Shiba Inu was created in August 2020 by an anonymous person known as "Ryoshi."

Shiba Inu aims to be a 100% community-led, decentralized cryptocurrency which seeks complete independence from centralized authorities and takes pride in that it was not founded from an existing community. 

SHIB exists on the Ethereum blockchain because Ryoshi viewed it as a well-established, secure, and decentralized network that would allow the Shiba Inu project to be developed with zero outside regulation. 

Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin’s Scrypt-based mining algorithm. 

When SHIB was created, 1 quadrillion tokens were minted. SHIB’s founder sent 50% of the total supply to Ethereum co-founder Vitalik Buterin, who then burned 90% of his holdings by sending the tokens to a dead blockchain address. Buterin said he’d donate the remaining 10% to charity. 

The remaining supply, which wasn’t sent to Buterin, is locked in Uniswap, which is a decentralized finance protocol used to exchange cryptocurrencies. 

The Shiba Inu community considers the crypto to be a "Dogecoin Killer" because it has the ability to top its memecoin rival's market cap without ever crossing the $0.01 mark. 

Shiba Inu is widely considered to be a memecoin due to its high volatility and potential risk, as well as its network effect, driven by influential commentators like Tesla CEO Elon Musk.

Dogecoin

Cryptocurrency Dogecoin (DOGE) emerged in 2013 as a joke, but has shot to prominence this year, partly due to celebrity endorsements from the likes of Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk, Dallas Mavericks owner Mark Cuban and rapper Snoop Dogg.

Shiba Inu And 9 Other Dogecoin Inspired Cryptocurrencies You Should Know About

Safemoon (SAFEMOON), Barstool Sports founder Dave Portnoy's new favorite coin, fell nearly 20% in a 24-hour period, and it isn't the only so-called "sh*tcoin" to be taking an uneven hit in the cryptocurrency market selloff.

Dave Portnoy-Backed Safemoon, Shiba Inu, Other High-Flying Altcoins Suffer Carnage In Market Selloff

Vitalik Buterin will not get a tax write-off for donating 50 million SHIBA INU (SHIB) tokens to the India Covid Crypto Relief Fund, Bloomberg reported Tuesday.

Ethereum Co-Founder Vitalik Buterin Says Shiba Inu Charity Hasn't Gotten Him A Tax Write-Off

Ethereum co-founder Vitalik Buterin has burnt billions of dollars worth of Shiba-Inu coin (SHIB) after being gifted half the supply of the meme crypto asset by its founders. Buterin has gotten rid of 90% of his SHIB stash and pledges to give the remaining 10% to an, as of yet, undetermined charity. In a transaction […] The post Ethereum Co-Creator Vitalik Buterin Burns $6,700,000,000 Worth of Dog-Meme Crypto appeared first on The Daily Hodl.

Ethereum Co-Creator Vitalik Buterin Burns $6,700,000,000 Worth of Dog-Meme Crypto

Cryptocurrency exchange WazirX said it will fully compensate investors who suffered massive losses on volatile trades of the meme cryptocurrency Shiba Inu (SHIB) last week.

Suffered Massive Losses On Shiba Inu? This Cryptocurrency Exchange Is Fully Compensating Customers

Bitcoin

Ethereum

Self-described "Dogecoin (DOGE) killer" SHIBA INU (SHIB) outperformed Bitcoin (BTC) and Ethereum (ETH) on a 24-hour basis, but these are the real show-stealers.

Shiba Inu Outperforms Bitcoin, Ethereum, Dogecoin With Vitalik Buterin Push, But These Coins Are Really Charging Ahead

After the dogecoin hype invoked a new ERC20 token project called Shiba Inu, the crypto asset has been making waves throughout the crypto industry. On Wednesday, the cofounder of Ethereum, Vitalik Buterin donated $1 billion worth of Shiba Inu to India's Crypto Covid Relief Fund. Then a few days later on Sunday, Buterin decided to […]

Ethereum's Vitalik Buterin Burns $6.6 Billion Worth of Shiba Inu Tokens

Ethereum co-founder Vitalik Buterin has been a well-known name in the cryptocurrency industry. The popular figurehead of Ethereum is also well-loved by creators of meme coins, which has resulted in the gifting of coins to Buterin, which may have backfired Wednesday.

Is Vitalik Buterin In The Dogehouse? Ethereum Co-Founder's Charitable Donation Causes Drop In Shiba Inu, Other Coins

Vitalik Buterin has made headlines again after burning billions of Shiba Inu tokens. This time, however, the dog-loving crypto community isn't nearly as upset.

Ethereum Co-Founder Vitalik Buterin Burns $6.74 Billion in Shiba Inu 

Ethereum (ETH) co-founder Vitalik Buterin, who was sent 50% of SHIBA INU's (SHIB) token supply by the founders of the so-called Dogecoin (DOGE) killer coin, has burned a substantial amount of the gift.

Ethereum Co-Founder Vitalik Buterin Burns 410 Trillion Shiba Inu Tokens. Is The Dogecoin Clone Set For Another Bull Run?

Two brothers have shared the story of how they became millionaires after investing in Shiba Inu, the cryptocurrency nicknamed “dogecoin killer,” for just under two months. Before the investment, the covid-19 pandemic almost killed their business, and the government's stimulus checks did not last long. Shiba Inu Crypto Investors Become Millionaires Two brothers from Westchester, […]

Shiba Inu Crypto Investors Turn Multimillionaires After Almost Jobless, Relying on Stimulus Checks

Shiba Inu (CRYPTO: SHIB) — the token that recently saw three-digit gains in single days — will be distributed among the users of crypto financial services firm Crypto.

Here's How You Can Get Shiba Inu For Free

To get back at Ethereum co-founder Vitalik Buterin, a crypto scam watchdog group has created a token that dumps ETH for rival BNB.

A 'War on Rugs' Has Been Declared Against Ethereum Creator Over SHIB Transfer

The new listing comes a day after Ethereum's founder donated SHIB to India Covid Relief Fund.

Binance's Indian Crypto Exchange Lists SHIB Token as Vitalik Gift Garners Local Press

On Wednesday, Ethereum's Vitalik Buterin took control of his stack of Shiba Inu, a dogecoin ERC20 token, and donated more than 1 billion dollars worth of the currency to India's Crypto Covid Relief Fund. The fund is an initiative that seeks to help people suffering from the covid-19 outbreak that India is experiencing right now. […]

Vitalik Buterin Donates $1B Worth of Shiba Inu Tokens to India's Crypto Covid Relief Fund

Buterin made sizable donations to a range of charities on Wednesday afternoon, after selling large amounts of dog-themed meme cryptocurrencies given to Buterin by their developers.

Ethereum's Co-Founder Vitalik Buterin Donates Over $1 Billion To India Covid Relief Fund And Other Charities

Ethereum creator Vitalik Buterin has sold a range of dog-themed tokens he was given for free, swapping them for more ether. The post Vitalik Buterin donates more than $60M to charity after selling meme tokens including Shiba Inu appeared first on The Block.

Vitalik Buterin donates more than $60M to charity after selling meme tokens including Shiba Inu

Shiba Inu is in the doghouse. Vitalik Buterin might be as well.

Dogecoin Spinoff SHIB Tanks After Ethereum Founder Vitalik Buterin Dumps Tokens

Dogecoin may be the leader of the meme coin pack, but there's another dog coin nipping at its heels. Learn about this surging Ethereum-based token.

What Is Shiba Inu (SHIB) and Why Is the Dogecoin Rival's Price Exploding?

While dogecoin got name-dropped on Saturday Night Live last weekend, another dog-themed cryptocurrency is making the waves this week. The post Shiba Inu token holder turns $17 into $5.9 million appeared first on The Block.

Shiba Inu token holder turns $17 into $5.9 million

Another dog-related crypto asset is surging and printing massive gains on the tail of the Dogecoin (DOGE) mania. Shiba Inu (SHIB), a meme coin minted in a similar spirit as DOGE, is up over nearly 700% in the past seven days and nearly 1,000% in the past 14 days, according to CoinGecko. SHIB is a […] The post Dog-Inspired Crypto Quietly Triggers 700% Rally in Just One Week appeared first on The Daily Hodl.

Dog-Inspired Crypto Quietly Triggers 700% Rally in Just One Week

Shiba Inu, an Ethereum based Dogecoin ripoff, has been listed in two important cryptocurrency exchanges today, Binance and FTX, after the price skyrocketed more than 1500% during last week. Binance has faced stiff criticism for listing Shiba Inu due to its origin, but their systems are now overwhelmed with inflows coming with this currency. Shiba […]

Shiba Inu Gets Listed in Binance and FTX After Price Skyrockets

Demand for a new Ethereum-based meme coin is through the roof. But investors have been warned.

Binance Lists Dogecoin Rival SHIB, But CEO CZ Warns It Is 'Super High Risk'

Dogecoin (DOGE) copycats are printing astronomical gains in the last 24 hours as traders embrace the crypto meme tidal wave. Decentralized exchange (DEX) data analysis platform DEXTools reveals that the hottest coins traded on Uniswap at time of writing are Dogecoin imitators. At the top of the list is Shiba Inu (SHIB), a coin that […] The post Dogecoin Imitators Explode As Traders Ride Crypto Meme Tidal Wave appeared first on The Daily Hodl.

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