Day: March 5, 2023

Shiba Inu (SHIB) Burn Rate Explodes Nearly 8,000% As Dogecoin Rival Gets Surprise Listing from Major Exchange

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Shiba Inu’s rate of token burns has skyrocketed nearly 8,000% as the SHIB community welcomes yet another listing from a major crypto exchange. According to Shibburn, which keeps track of SHIB burning, the burn rate suddenly exploded 7,900% on Friday as 43 million tokens were burned in a single day. “HOURLY SHIB UPDATE SHIB Price: $0.00001137 (1hr 0.13% ? | 24hr -5.18% ? ) Market Cap: $6,699,607,943 (-5.47% ?) Total Supply: 589,614,707,812,657 TOKENS BURNT Past 24Hrs: 43,192,603 (7909.09% ?) Past 7 Days: 148,357,592 (-19.8% ?)” At time of writing, over…

Crypto Exchange Binance Joins Forces With Law Enforcement to Launch Anti-Scam Campaign – Featured Bitcoin News

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Binance has launched its Joint Anti-Scam Campaign in collaboration with law enforcement agencies worldwide to fight “an alarming uptrend” in crypto-related scams, the cryptocurrency exchange said. “So far, the project has achieved tremendous results,” Binance claimed. Binance’s Joint Anti-Scam Campaign Cryptocurrency exchange Binance announced Friday that it recently launched a campaign to combat cryptocurrency-related scams in partnership with law enforcement agencies. Noting “an alarming uptrend in both traditional and crypto-related scams,” Binance said it has been “engaging in discussions with law enforcement agencies worldwide about how to fight and prevent…

CZ denounces false rumor ‘widely’ spread on China’s WeChat

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Binance CEO Changpeng “CZ” Zhao has denied a rumor that he had been “shot” by the U.S. federal law enforcement agency, which was “spread widely” across a Chinese messaging platform, in a recent tweet. In a Mar. 4 tweet, CZ addressed the false speculations that circulated on the Chinese messaging platform WeChat, claiming that he was “shot” by The Federal Bureau of Investigation (FBI), taking the opportunity to reiterate the close working relationship that exists between his team and the FBI. Someone photoshoped this, and it got spread widely on…

Bank of America Expects the Fed to Keep Hiking Rates Until ‘Point of Pain’ for Consumer Demand – Economics Bitcoin News

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Bank of America has warned that the Federal Reserve will have to keep raising interest rates until it finds “the point of pain for consumer demand.” Expecting a slowdown in consumer demand to “lead to an outright recession,” the bank’s economist cautioned that “additional Fed hikes would also mean more pain for the interest-sensitive non-consumer sectors such as housing.” Bank of America’s Economic Warning Bank of America senior economist Aditya Bhave published a note earlier this week warning that the Federal Reserve could increase interest rates beyond the market’s expectations…