Shiba Inu (SHIB) has faced a period of price decline and negative speculation, but core team members insist the project is still building and has growth potential. The Shibarium ecosystem has been relatively quiet in recent months, with no major new announcements or partnerships. This has led some to question SHIB’s long-term prospects. However, team member Lucie defended the project, saying, “SHIB ecosystem took every hit but it’s still here, still building, still fighting.” Despite its slow start, Shibarium’s total value locked (TVL) has grown modestly to $2 million, according to DefiLlama. Adoption remains low, and the ecosystem has struggled…
Author: Sazid Kabir
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Cybercriminals in Australia are misusing the government’s official cybercrime reporting system to pose as federal police officers and steal cryptocurrency, authorities warned on Wednesday. Scammers are exploiting ReportCyber, a platform meant for citizens to report cybercrimes. Using stolen personal data, fraudsters contact victims claiming their information is linked to cryptocurrency investigations. They pressure victims to transfer digital assets into fake “secure” wallets. Detective Superintendent Marie Andersson of the Australian Federal Police (AFP) explained that criminals use legitimate details from the portal to appear credible. “They verify personal information and create a sense of urgency,” she said. The fraud often begins…
Taiwan is exploring a major shift in its national reserve strategy by evaluating the inclusion of Bitcoin as a potential strategic asset. The Executive Yuan and Taiwan’s central bank have agreed to study Bitcoin and consider pilot holdings using seized cryptocurrency currently awaiting auction. Legislator Dr. Ju-chun Ko has led the push, arguing that Bitcoin could diversify Taiwan’s reserves and reduce dependence on the US dollar. “Bitcoin offers a unique hedge due to its decentralized and fixed-supply nature,” Ko said, noting that it operates independently from traditional monetary policy and foreign influence. Currently, Taiwan holds roughly 423 metric tonnes of…
Michael Selig, a senior official at the Securities and Exchange Commission (SEC), will appear before the Senate Agriculture Committee next week for a key confirmation hearing as President Donald Trump’s nominee to lead the Commodity Futures Trading Commission (CFTC). The hearing is scheduled for Wednesday, November 19, at 3:00 p.m. Selig currently serves as chief counsel for the SEC’s Crypto Task Force and is regarded as a pro-crypto voice in Washington. His nomination follows the withdrawal of the administration’s previous pick, Brian Quintenz, during a period of leadership instability at the CFTC. The agency has faced a leadership vacuum since…
Historical data from the past seven years indicates that Bitcoin could reach a short-term bottom near $95,000 before rallying to around $145,000, according to crypto analysts. Analyst Sykodelic noted that every time the 1-day 50-day and 200-day simple moving averages (SMA) cross downward—a formation known as a death cross—Bitcoin has marked a local bottom within approximately five days, followed by at least a 45% price increase. The next death cross is expected around November 21, 2025. Historical examples support this pattern: Sykodelic said the $95,000 level may serve as the next short-term bottom, with a strong upward reversal expected. “Bitcoin…
A new report from Bybit’s Lazarus Security Lab has revealed that 16 major blockchain networks have built-in features that allow developers or validators to freeze or restrict user funds, raising questions about the true level of decentralization in these systems. The report, published on Tuesday, analyzed 166 blockchain networks using AI tools and manual code reviews. It found that well-known networks such as BNB Chain, VeChain, Chiliz, Aptos, and XinFin’s XDC Network have hardcoded or configurable “kill switches” that can block transactions or wallets. According to the report, these freezing mechanisms fall into three categories: hardcoded, configuration-based, and on-chain contract-based.…
Japan’s growing stablecoin industry may soon play a major role in the country’s massive $9 trillion government bond market as the Bank of Japan (BOJ) slows its bond purchases. The shift comes as JPYC, a Tokyo-based startup and issuer of Japan’s first yen-backed stablecoin, expands operations under the nation’s new Payment Services Act, which legally recognizes stablecoins. JPYC has issued about $930,000 worth of tokens so far, backed fully by bank deposits and Japanese government bonds (JGBs). The company aims to reach a 10 trillion yen ($66 billion) circulation within three years. Founder and CEO Noritaka Okabe said stablecoin issuers…
Celebrity hairstylist Jawed Habib and his son Anos Habib have received temporary protection from arrest from the Allahabad High Court. They face allegations of running a ₹7 crore ($800,000) cryptocurrency scam through their firm, Follicle Global Company (FLC). Over 33 FIRs accuse them of duping 100–400 investors with promises of 50–75% annual returns on Bitcoin (BTC) and Binance Coin (BNB) investments. The court’s order blocks arrest until a charge sheet is filed, giving them legal relief while investigations continue. Authorities claim the Habibs used Jawed’s celebrity influence to lure investors at seminars in Sambhal and other cities. Investors reportedly deposited…
The cryptocurrency market faced heavy losses on Tuesday, with about $380 million in leveraged positions liquidated in 24 hours after Bitcoin’s rally stalled. The sudden price drop forced thousands of traders out of their positions, marking one of the largest liquidation events since October. Bitcoin (BTC) fell 1.8% to $102,850, while Ethereum (ETH) dropped below $3,500, triggering $71.9 million in liquidations. Overall, long positions accounted for 82% of total losses, showing that most traders had bet on prices continuing to rise. Long Traders Hit the Hardest According to data from Coinglass, $312 million in long positions were wiped out compared…
Shares of leading crypto mining companies fell sharply on Tuesday as investor enthusiasm for artificial intelligence (AI) infrastructure cooled and earnings concerns grew. CleanSpark (CLSK), Hut 8 (HUT), and Core Scientific (CORZ) dropped between 8% and 11.5%, wiping out more than $1.2 billion in market value. CleanSpark slid 8% to $13.82, Hut 8 fell nearly 9% to $12.45, and Core Scientific lost 11.5% to $9.67. The sell-off came as traders moved away from high-growth AI-linked stocks following SoftBank’s decision to cut its Nvidia holdings and as overall tech sentiment weakened. Trading volumes for the three miners surged up to twice…