Shiba Inu’s unstoppable price rally in October this month has helped this crypto investor turn a mere $8000 worth of investment into a staggering $5.7 billion.
The real-life Wolf of Wall Street Jordan Belfort has vowed that he is “not leaving” NFTs, The Economist raised $422,000 for charity via NFT auction, and the WWE is dropping NFTs.
Bulls were unable to maintain their gains for long, and the rapid fall of Bitcoin was followed by a drop in all of the top ten coins.
Today, 1inch is the exception to the rule, as the altcoin might see a massive 38 percent increase in the last day, despite the market’s overall decline.
Last week marked a landmark for the cryptocurrency industry, as the very first ETFs backed by Bitcoin Futures were launched on the New York Stock Exchange. The US’ first Bitcoin ETF by ProShares hit more than $1 billion in assets under management in around 48 hours of being listed. This made it the most successful ETF launch of all time. With more ETFs lined up to be released and even more waiting for approval, understanding and retaining investor interest is the top priority for these funds.
Floki Inu ($FLOKI), a meme cryptocurrency whose name was inspired by Elon Musk’s dog, has launched a major advertising campaign on London’s public transport system with funds taxed on the cryptocurrency’s buyers.
Major regulatory agencies plan to work harder to prosecute individuals and companies that have had dodgy dealings with digital assets.
Shiba Inu is like a 100 meter Olympian on steroids, sprinting to new all-time highs (ATH) every day. The meme-based coin has brushed its shoulders with $0.000088 for the first time in the history of its existent. It is believed that SHIB will soon lift above $0.0001, starting the price discovery phase afresh.
The Indian government is reportedly planning to introduce cryptocurrency regulation by the time of the next general Budget, which is in February next year. Instead of banning cryptocurrencies, like bitcoin, the government is likely to regulate crypto assets as commodities, according to reports.