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Once hailed as the “Dogecoin (DOGE) killer,” Shiba Inu (SHIB) is struggling to keep up with the competition as it posts one of the weakest performances year-over-year.  Although the token is among the top 25 cryptocurrencies by market cap, Shiba Inu is one of only three that are in the red on the yearly chart, together with Toncoin (TON) and Polkadot (DOT). By comparison, Dogecoin, its meme coin rival, has surged nearly 100% over the same period. The question for traders is thus whether Shiba Inu is dead or whether it can reinvigorate some of the demand it previously enjoyed. Can Shiba Inu recover? At the time of writing, SHIB was trading at a fraction of a cent, at $0.00001187, down nearly 21% the past year. Although hype once allowed it to top Dogecoin in terms of market cap, its capitalization now sits at only $6.97 billion, compared to DOGE’s $34.89 billion, which is almost seven times as much. Shiba inu price. Source: CoinMarketCap Nonetheless,...

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Sky Mavis, the popular digital asset incubation studio and the brainchild behind the iconic Axie Infinity non-fungible token game, has launched a new non-fungible token accessories collection on its Ronin, a gaming-centric EVM-based blockchain network. In this article, we shall exclusively explore more about the upcoming non-fungible token gaming accessories: Axie Infinity Drops New NFT Accessories In a May 19 blog post, Sky Mavis, through its Axie Infinity X account, confirmed plans to launch new non-fungible token gaming accessories. Axie Infinity is a play-to-earn game where players collect, breed, and battle NFT-based creatures called Axies, similar to Pokémon. The P2P NFT game is built on the Ethereum blockchain network, and players can trade their Axies in a marketplace. 5/ Final Thoughts If you entered the nightmare realm during the Wings of Nightmare event last year, you’ll receive at least one of these accessories in your Ronin Wallet soon! Stay tuned for mor...

Sam Bankman-Fried has filed an official appeal to overturn his fraud conviction in the case of fallen crypto exchange FTX. The founder of the collapsed FTX exchange was convicted last fall and is serving a 25-year sentence in prison. JUST IN: Sam Bankman-Fried files appeal to overturn FTX fraud conviction. — Watcher.Guru (@WatcherGuru) September 13, 2024 In the 102-page appeal, a lawyer for Mr. Bankman-Fried called for a new trial. The defendants pointed to several rulings by Judge Lewis A. Kaplan of Manhattan that limited Bankman-Fried to introduce evidence and hampered his defense. “Sam Bankman-Fried was never presumed innocent,” wrote the lawyer, Alexandra A.E. Shapiro. “He was presumed guilty by the judge who presided over his trial.” Sam Bankman-Fried Appeals FTX Conviction Shapiro’s written appeal also criticized a ruling by Judge Kaplan that prevented Bankman-Fried from arguing in court that FTX’s users had not actually lost money. SBF and his defense argued that use...

A Closer Look Into The Outflow Report The report said the negative sentiment extended to blockchain equities, which recorded total outflows of $10.8 million. This marks the fifth consecutive week of outflows in this sector, reflecting the ongoing uncertainty in the market. advertisement The release showed that the highest weekly outflows by provider was ETC Issuance GmbH, and the amount was $23 million. ETC Issuance GmbH was followed by providers like Purpose Investments Inc ETF, ProShares ETFs/USA, and others, and the outflows were $17 million and $13.5 million, respectively. Looking at the outflows by asset, Bitcoin was at the top with weekly outflows of $68.9 million and was followed by Ethereum whose outflows were $4.8 million. On a month-to-date (MTD) basis, the outflow of all the assets totaled $62.9 million. Also Read: Terra Luna Classic Validators Divided On Proposal To Revive USTC And LUNC To $1 Recommended Articles ...

When traders are crunching the numbers and figuring out the profit and loss from a crypto trade — are they factoring in fees? A new crypto calculator can help. All-in-one crypto trading solution TradeSanta has just unveiled its new crypto profit calculator to help users calculate fees, profits and losses before they open a trade. In a fast-moving market, keeping on top of your financial position isn’t easy. Just recently, Bitcoin (BTC) posted a fat green candle after Grayscale won a lawsuit against United States regulators. Bitcoin’s valuation spiked following the Grayscale lawsuit. Source: Cointelegraph A court ruled that the U.S. Securities and Exchange Commission was wrong to reject the digital asset manager’s application for an exchange-traded fund — with BTC/USD accelerating by $1,700 in just 30 minutes. Of course, volatility is a two-way street. Bitcoin has also suffered sharp falls, especially during thin weekend trading. When the markets are erratic, traders often need to reac...