Shiba burns have been a hotly debated topic among the Shib Army as many believe that it could help push the value of the SHIB upward.
The Shiba Ecosystem showcased its prowess in decentralized finance and the broader cryptocurrency industry this year by introducing a myriad of initiatives that Kusama described as major steps toward transforming the community into a truly decentralized one.
Unfortunately, the pseudonymous lead developer suppressed details of this announcement, and only teased "next week we have a VERY big announcement."
Apart from Ledger and Metamask, several other protocols, including Zapper, SushiSwap, Phantom, Balancer and Revoke.cash, were affected by the security incident.
A Shiba Inu developer announced earlier this month that Shibarium, the layer-2 scalability solution of the Shiba Ecosystem, will implement a new Shib burning system, which is set to take effect in January.
The MicroStrategy co-founder made a bold prediction in the past saying the crypto asset would trade at $5 million and replace gold, and the conditions he enumerated are now nearly met.
The latest achievement is also impressive considering that Shibarium broke through the 80 million threshold (total transactions processed) just a few days ago.
The filing also underlined that what the agency recently submitted to the court was "an impermissible supplemental brief that identifies no new 'authority' and instead attempts to introduce new factual information and arguments."
The 76-year-old legal expert also disclosed how Bankman-Fried made things all the more challenging when he went off the script during his testimony, eventually making his case "unwinnable."
The decision was made after the U.S. and South Korea made extradition requests to prosecute the crypto entrepreneur on charges related to the collapse of the TerraUSD stablecoin.
Data indicate that investors are still focused on Bitcoin, the world's largest crypto asset by market capitalization, with an inflow of $20 million, recording a year-to-date total of $1.7 billion.
Despite the net outflow, HTX occupies the 15th spot in CoinMarketCap's top cryptocurrency exchanges.
As the king of crypto briefly sunk below the $41,000 price level, it caused over $270 million worth of long positions to be liquidated.
The historic deal with U.S. authorities did not include a settlement with the SEC, which means the regulator can still pursue whatever legal action it plans against the exchange, including moving forward with a lawsuit it filed against Binance and its then-CEO Changpeng Zhao in June.
Bitcoin was trading in the red zone at $43,950, which means the software and business intelligence company is now sitting on an unrealized profit of $2.390 billion.
District Judge Richard Jones of the Western District of Washington sided with the Department of Justice on Thursday and decided not to allow Zhao to return to UAE until his sentencing.
Binance filed the application for an operating license with Abu Dhabi Global Market last November. The exchange withdrew it on Nov. 7.
During closed-door discussions, Montenegro's Justice Minister Andrej Milovic reportedly mentioned his plans to extradite Do Kwon to the U.S., where is facing multiple criminal charges.
Dogecoin, the crypto asset officially introduced on Dec. 6, 2013, also marked a new all-time high for this year at its current price and secured the ninth-largest crypto asset by market capitalization at $14.62 billion.
The Shiba Inu development team, especially its pseudonymous lead developer Shytoshi Kusama, had been the target of massive "coordinated" FUD (fear, uncertainty, doubt) over the past months as some expected the burn rate would immediately increase following the launch of Shibarium in August.
Interestingly, Dogecoin is the only crypto asset mentioned on CyberTruck's checkout page.
The substantial Bitcoin investment by MicroStrategy has yielded a significant return, a growth that began under the leadership of its current executive chairman, Michael Saylor, starting in August 2020.
It is not yet clear whether prosecutors want to move forward with the ex-crypto mogul's second trial in March, where he will be tried for five charges.
With the authorization, the crypto exchange platform that has more than 80 million global users, can now offer UK-localized e-money products.
The crypto market is currently a sea of green, as Bitcoin, the world's largest crypto asset by market cap, leads the digital assets in a price rally that benefited most crypto holders.
The king of crypto pushed through the $41,000 price level without much resistance with short positions on BTC contracts, immediately liquidating as much as $54 million.
This project is historic, especially for the crypto industry, as it is the first satellite launch to be fully funded in DOGE cryptocurrency.
However, Bitcoin's latest move also caused $190 million worth of liquidated derivates, $150 million of which was in short positions.
During a hearing at a Manhattan court last Thursday, lawyers for Kwon said that unnamed whistleblowers, one of them from Jump Trading Group, had helped federal regulators in building their fraud case against the Terra co-founder.
In an interview with a crypto blogger, mob enforcer-turned-informant Gene Borrello talked about Bankman-Fried and his condition inside the Brooklyn Metropolitan Detention Center as he awaits his sentencing next year.
