Crypto This Week: Shiba Inu Burn Rate, Rags To Riches Story, Robert Kiyosaki On Bitcoin's Future And More

What a whirlwind of a week in the world of cryptocurrencies! From the sensational surge in SHIB burn rate to ponderings on the future of Bitcoin, it was all happening. This round-up brings you the highlights of the exciting world of digital currencies.

Shiba Inu Burn Rate Skyrockets: The Shiba Inu token SHIB/USD experienced an impressive increase in its burn rate last Wednesday, surging by a whopping 1000% in just 24 hours. This happened after a jaw-dropping 164 million tokens were permanently removed from circulation. According to data from Etherscan, two previously inactive cryptocurrency wallets received substantial withdrawals from crypto exchanges Binance and MEXC. This indicates the arrival of new Shiba Inu whales holding over $500,000 in SHIB. Read the full article here.

Robert Kiyosaki Questions Bitcoin’s Future: Robert Kiyosaki, the author of “Rich Dad Poor Dad,” pondered the future of Bitcoin BTC/USD and the U.S. Dollar, following Citibank’s announcement of a new blockchain technology service. Kiyosaki’s comments on X (formerly Twitter) expressed concerns about the potential impact of Citibank’s blockchain technology on Bitcoin and the U.S. Dollar. Read the full article here.

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Rags to Riches with Shiba Inu: A fascinating story emerged of two brothers from New York who skyrocketed to millionaire status thanks to their investment in Shiba Inu token. The brothers, who preferred to remain anonymous, invested in the ‘Dogecoin killer’ when its value was just a fraction of a cent. Read the full article here.

Vitalik Buterin’s Significant Coinbase Deposit: Ethereum’s ETH/USD co-founder, Vitalik Buterin, made a substantial deposit to the cryptocurrency exchange Coinbase COIN. He deposited 400 ETH, equal to approximately $632,000. This move was made amidst a noticeable downturn in the cryptocurrency market, with Ether seeing a 3% decline over the past week. Read the full article here.

Mark Yusko’s Bitcoin Predictions: Mark Yusko, the founder, and CEO of Morgan Creek Capital Management, spoke about his bullish stance on the future of Bitcoin. Yusko, who is well-versed in the evolution of the internet from web1 to web3, sees significant growth potential in the cryptocurrency sector. Read the full article here.

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Shiba Inu Shibarium. Image via CryptoFX on Shutterstock