Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li>Kabosu, the Shiba Inu who became the face of Dogecoin, has died at the age of 18.</li><li>Her quizzical expression went viral in 2010 and was later used as the cryptocurrency mascot. </li></ul>A diminutive Japanese dog who became the face of Dogecoin has died.Kabosu, who inspired the viral Doge meme and became the face of the satirical cryptocurrency championed by <a target="_blank" href="https://www.businessinsider.com/elon-musk">Elon Musk</a>, passed away on Friday at the age of 18, her owner said.The Shiba Inu had been <a target="_blank" href="https://www.businessinsider.com/doge-meme-shiba-inu-ill-cancer-liver-disease-owner-says-2022-12">seriously ill with liver disease and leukemia</a> since 2022."To all of you who loved Kabosu — on the morning of the 24th of May, Kabosu crossed the rainbow bridge," Kabosu's owner, Atsuko Sato, wrote <a target="_blank" href="https://www.instagram.com/p/C7V8AGvJPm9/">on Instagram</a>."She went very peacefully without suffering, as if falling asleep while feeling the warmth of my hands petting her." "Thank you all so much for loving Kabosu all these years. I am certain that Kabosu was the happiest dog in the world."Kabosu was adopted by Sato, who works as a teacher in Japan, in 2008 after <a target="_blank" href="https://www.theverge.com/2013/12/31/5248762/doge-meme-rescue-dog-wow">she was abandoned by a puppy mill</a>.The puppy, who is named after a type of Japanese citrus fruit, shot to internet fame as a popular meme in 2010, before Billy Markus and Jackson Palmer decided to use her famously quizzical expression for their <a target="_blank" href="https://www.businessinsider.com/what-is-dogecoin-2013-12">satirical cryptocurrency Dogecoin</a>.Despite starting out as a joke, Dogecoin saw a stratospheric rise in value during the crypto boom of the early 2020s, becoming one of the <a target="_blank" href="https://markets.businessinsider.com/currencies/news/dogecoin-price-surges-tweets-from-elon-musk-snoop-dogg-cryptocurrency-2021-2-1030055654?_gl=1*1ajp0w8*_ga*MjAzNzE0MzUzNi4xNzEzNzc4Nzc2*_ga_E21CV80ZCZ*MTcxNjUzNjQwMC4xMzMuMS4xNzE2NTQwMzkxLjM1LjAuMA..">top 10 digital coins by market value in 2021</a>. The Shiba Inu-themed digital currency attracted some famous fans, <a target="_blank" href="https://www.businessinsider.com/history-elon-musk-love-affair-dogecoin-2022-7#elon-musks-twitter-changed-the-logo-on-its-homepage-to-an-image-of-a-shiba-inu-on-monday-1">including Elon Musk</a>. The billionaire joked about Dogecoin on "SNL" and even briefly changed the Twitter home button <a target="_blank" href="https://www.bloomberg.com/news/articles/2023-04-03/dogecoin-rises-30-after-twitter-home-button-becomes-doge-meme?cmpid=BBD040423_TECH&amp;utm_medium=email&amp;utm_source=newsletter&amp;utm_term=230404&amp;utm_campaign=tech&amp;sref=LspfQlRv">to an image of Kabosu</a> after buying the site in 2022.

RIP Kabosu, the celebrity canine who became the face of Dogecoin

<ul class="summary-list"><li><a target="_blank" href="https://www.businessinsider.com/trump-won-election-what-that-means-for-elon-musk-2024-11">Elon Musk</a> will officially lead the Department of Government Efficiency, with Vivek Ramaswamy.</li><li>Its acronym, "DOGE," also references a meme that inspired a cryptocurrency, Dogecoin.</li></ul>Elon Musk seemingly can't get enough of "Doge," a popular internet meme from the 2010s.The four-letter word is also the acronym for the <a target="_blank" class="" href="https://www.businessinsider.com/trump-elon-musk-vivek-ramaswamy-department-government-efficiency-doge-2024-11">Department of Government Efficiency,</a> a new Trump initiative focused on cutting government costs that will be led by Musk and Vivek Ramaswamy.However, Musk has talked about the "Doge" meme long before pitching Trump on the government council.So what's the meme all about?<h2 id="2a58c048-a80c-492f-8895-32c9f1092118">Here's the 1-minute version:</h2><ul><li>Doge originated in 2010 when Japanese teacher Atsuko Sato posted a photo of Kabosu, a Shiba Inu dog to her blog.</li><li>The picture showed the Shiba Inu on a couch with a tilted head and a puzzled expression.</li><li>The first use of the image as a meme isn't clear, but Reddit helped popularize it and it quickly became an internet sensation, with remakes of the photo shared with humorous Comic Sans text floating around the dog's head.</li><li>The meme later inspired the cryptocurrency <a target="_blank" class="" href="https://www.businessinsider.com/what-is-dogecoin-2013-12">Dogecoin,</a> which began in 2013 as a mere joke by two software engineers, Billy Markus and Jackson Palmer. Dogecoin was built from the open-source software project Litecoin.</li><li>The cryptocurrency, which <a target="_blank" class="" href="https://dogecoin.com/">carries the slogan</a> "the people's cryptocurrency," became popular on Reddit and quickly grew to a market value of $8 million following its inception. Dogecoin's price peaked in May 2021 at $0.72 amid the<a target="_blank" rel="" href="https://www.businessinsider.com/robinhood-employees-messages-during-meme-stock-trading-frenzy-2022-6"> meme stock trading frenzy</a> and Musk's endorsement of the cryptocurrency.</li></ul><div type="image" title="An image of a doge meme" height="998" width="994" msid="115269648" hostid="261" sizebytes="29224"></div>Musk once attributed his interest in the Doge meme to the fact that it has dogs and "the best humor."The Tesla CEO has continued to post about Doge and Dogecoin over the years. SpaceX named a small satellite designed to explore the moon "DOGE-1" and people have been able to buy Tesla and SpaceX merch using Dogecoin.<a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/dogecoin-price-market-value-ford-crypto-boom-trump-elon-musk-2024-11">Dogecoin's price recently soared 157%</a> following Trump's reelection, reaching a $53 billion market cap as the broader crypto market and Bitcoin rose on the anticipation of looser regulation from Trump's administration.

The 'Doge' dog meme that Elon Musk loves, explained in 1 minute

<ul class="summary-list"><li>The internet-famous dog who inspired the "doge" memes is seriously ill, its owner said.</li><li>Atsuko Sato said Tuesday that her Shiba Inu, Kabosu, was diagnosed with liver disease and leukemia.</li></ul>Kabosu, the internet-famous Shiba Inu who inspired the "doge" memes, is seriously ill with liver disease and leukemia, her owner said on Tuesday. The dog's owner, Atsuko Sato, a teacher in Sakura, Japan, <a href="https://www.instagram.com/p/CmrZUSYocJz/" target="_blank" rel="noopener">gave an update on Instagram on December 27</a>.She said that Kabosu had been diagnosed with acute cholangiohepatitis, a liver condition, as well as chronic lymphoma leukemia, a type of blood cancer."Right now, the liver level is very bad and jaundice appears," Sato wrote in one post. "But antibiotics will definitely improve."Sato said that Kabosu stopped "eating and drinking voluntarily" on Christmas Eve.Cholangiohepatitis is a condition marked <a href="https://www.vet.cornell.edu/departments-centers-and-institutes/cornell-feline-health-center/health-information/feline-health-topics/cholangiohepatitis">by inflammation of both the liver and the bile system</a>. Lymphoma leukemia is <a href="https://ctvrc.ca/canine-leukemia/">the most common form of blood cancer reported in dogs. </a>Kabosu became internet famous when a picture of her posing with folded paws and a quizzical expression went viral on Reddit, Tumblr, and 4Chan in 2010.Billy Markus and Jackson Palmer, the founders of Dogecoin — a cryptocurrency that was a tongue-in-cheek response to Bitcoin — eventually used Kabosu as their mascot. Despite being created as a joke, Dogecoin remains popular within the crypto world nearly 10 years after it was created. Last month, the meme-inspired cryptocurrency <a href="https://markets.businessinsider.com/news/currencies/dogecoin-price-doge-10-billion-since-elon-musk-purchased-twitter-2022-11">surged in value</a> after Twitter CEO Elon Musk <a href="https://twitter.com/elonmusk/status/1587297730631696384" rel=" nofollow">tweeted an image</a> of a Shiba Inu dog wearing a Twitter T-shirt, adding a winking-face emoji. It is unclear whether the Shiba Inu was Kabosu.Shiba Inu dogs have an average life expectancy of between 12 to 15 years. <a href="https://www.instagram.com/p/Cj0UBufJ4hh/">According to an Instagram post</a>, Kabosu celebrated her 17th birthday in October.

The internet-famous Shiba Inu who inspired 'doge' memes, and a joke cryptocurrency, is seriously ill with cancer

Good morning, readers. Jordan Parker Erb here.2022 was an eventful year for the tech sector. Interest rates rose, companies began cutting costs, and massive layoffs swept the industry — and Insider was there throughout it all.Today, after a rundown of the latest news, we'll continue to reflect on our top articles from the past year. Our Big Tech team was constantly chasing the biggest stories, from alleged <a href="https://www.businessinsider.com/microsoft-toxic-culture-ceo-satya-nadella-sexual-harassment-pay-disparity-2022-5">executive misconduct at Microsoft</a> to injuries in <a href="https://www.businessinsider.com/warehouse-injuries-amazon-chronic-pain-speed-risk-productivity-targets-employees-2022-10">Amazon warehouses</a>. Ready? Let's dive in.If this was forwarded to you, <a href="https://www.businessinsider.com/subscription/newsletter/10-things-in-tech">sign up here</a>. Download Insider's app <a href="https://link.insider.com/click/27645591.160803/aHR0cHM6Ly93d3cuaW5zaWRlci5jb20vYXBwP25yX2VtYWlsX3JlZmVyZXI9MSZ1dG1fc291cmNlPVNhaWx0aHJ1JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NvbnRlbnQ9T3BlbmluZ19iZWxs/62667762063d6b9bef0cffb3Bf9c9aa56">here.</a><a href="https://www.businessinsider.com/europe-nursed-hangover-in-2022-vcs-flag-return-to-fundamentals-2022-12"></a>1. Europe's tech ecosystem nursed a hangover in 2022 as the post-pandemic party ended. After a record-breaking 2021, European startups raised $16 billion in the third quarter — a 44% annual drop. Now, with interest rates spiking, inflation at multi-decade highs, and fears of a recession impacting growth forecasts, tech investors appear content to take their time again before making a few select deals. <a href="https://www.businessinsider.com/europe-nursed-hangover-in-2022-vcs-flag-return-to-fundamentals-2022-12">More on that here.</a>2. The internet-famous Shiba Inu who inspired "doge" memes and Dogecoin has cancer. The dog, named Kabosu, became internet famous when a picture of her posing with folded paws and a quizzical expression went viral in 2010. She later became the mascot for Dogecoin, a cryptocurrency that was a tongue-in-cheek response to Bitcoin. <a href="https://www.businessinsider.com/doge-meme-shiba-inu-ill-cancer-liver-disease-owner-says-2022-12">Get the latest on Kabosu.</a>3. A founder explains how she got into Y Combinator — and left with a $4.5 million investment. Kathryn Cross is the founder of Anja Health, a cord blood bank that freezes stem cells for future disease treatment purposes. The solo founder joined YC in January 2022, and has since raised millions from investors like Alexis Ohanian. <a href="https://www.businessinsider.com/y-combinator-startups-application-review-demo-day-yc-w22-2022-12">Here's how she did it.</a>4. Meet the eight most important execs who left Google in 2022 — and eight who joined. Despite a hiring slowdown halfway through the year, the revolving door at Alphabet HQ continued, with some notable hires and exits from the search giant. <a href="https://www.businessinsider.com/google-power-players-execs-hires-departures-2022-2022-12">These are the biggest joiners and leavers.</a>5. An iPhone notified emergency services when a couple's car plunged 300 feet down a canyon. Apple's new crash-detection feature, available on the iPhone 14 and some Apple Watch models, sent an emergency message to the authorities after the wreck — and it worked even without cell service. <a href="https://www.businessinsider.com/apple-iphone-car-crash-detection-california-los-angeles-county-canyon-2022-12">Here's what happened.</a>More top stories of 2022:<a href="https://www.businessinsider.com/warehouse-injuries-amazon-chronic-pain-speed-risk-productivity-targets-employees-2022-10"></a><div type="image" title="Illustration of an Amazon worker pulling a palette of boxes and hurting his back." height="900" width="1200" msid="96598485" hostid="261" sizebytes="83956"></div>6. We investigated injuries in Amazon warehouses. The risk of debilitating muscle and joint injuries at Amazon warehouses is off the charts, <a href="https://www.businessinsider.com/amazon-musculoskeletal-disorders-four-times-higher-2022-3">workplace regulators have said</a>. And because these injuries build up over time, Amazon workers may not know they're at risk for months or years — but they can be left with a lifetime of pain. <a href="https://www.businessinsider.com/warehouse-injuries-amazon-chronic-pain-speed-risk-productivity-targets-employees-2022-10">Take a look at our investigation.</a>7. Microsoft employees told us that "golden boy" execs run wild at the company. Eight years ago, CEO Satya Nadella promised to end Microsoft's tolerance for "talented jerks." But dozens of current and former employees said that executive misconduct remains rampant. <a href="https://www.businessinsider.com/microsoft-toxic-culture-ceo-satya-nadella-sexual-harassment-pay-disparity-2022-5">Read the full story here.</a>8. As the tech sector faced a historic downturn, Amazon began the largest corporate layoffs in its history. The cuts, which are expected to stretch into 2023, affected thousands of workers. <a href="https://www.businessinsider.com/amazon-layoffs-meltdown-inside-week-turmoil-thousands-lost-their-jobs-2022-11">Read a recap of the turmoil.</a>9. Amazon sellers are stealing people's identities. We found that random people are being bombarded with return packages from angry Amazon customers after rogue sellers stole their identities. Insider spoke to six victims whose identities were used by fraudsters selling everything from bargain-bin clothing to counterfeit goods — <a href="https://www.businessinsider.com/amazon-fraud-reporting-marketplace-identity-theft-2022-9?r=rr">here's what they told us</a>.10. Amazon workers shared why they planned to vote against unionizing. This spring, we watched as one of the most consequential union votes in the United States unfolded. Before the election, we spoke with workers at the warehouse in Bessemer, Alabama — many of whom told us they planned to vote against the union. <a href="https://www.businessinsider.com/amazon-expected-to-win-union-vote-in-bessemer-warehouse-again-2022-3">Here's what happened before the vote.</a>Curated by Jordan Parker Erb in New York. (Feedback or tips? Email <a href="mailto:jerb@insider.com">jerb@insider.com</a> or tweet <a href="https://twitter.com/jordanparkererb?lang=en">@jordanparkererb</a>.) Edited by Hallam Bullock (tweet <a href="https://twitter.com/hallam_bullock">@hallam_bullock</a>) in London.

After a record-breaking 2021, European investors and founders are ready to take it slow

Indian <keyword id="6357017" type="DEFINITION" weightage="20" keywordseo="cryptocurrency">cryptocurrency</keyword> exchange <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite" data-type="tilCustomLink">WazirX</a> is among the first to list <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite">SHIB</a> (<keyword id="4521522" type="PERSON" weightage="20" keywordseo="shiba-inu">Shiba Inu</keyword>) token trading in Indian rupees. <keyword id="5372931" type="PERSON" weightage="20" keywordseo="Shib">SHIB</keyword> is a decentralised spontaneous community-building experiment developed within the ecosystem. SHIB, also known as Shiba Token, is a decentralised cryptocurrency created by an anonymous person known as "Ryoshi" in August 2020. It launched less than a year ago and is named after the famous Japanese dog breed Shiba Inu. The meme "Doge" was created around a photo of a dog called Kabosu, who lives in Japan with Atsuko Sato. The meme now plays a critical role behind the inspiration of SHIB and <keyword id="1985091" type="PERSON" weightage="20" keywordseo="dogecoin">Dogecoin</keyword>. <a href="https://shibatoken.com/">ShibaSwap</a> is the project's own decentralised exchange cryptocurrency, where you can trade other cryptos for SHIB, or vice-versa. It’s yet to launch, so the only option left is third-parties like <keyword id="6359140" type="ORGANIZATION" weightage="20" keywordseo="binance">Binance</keyword> and Kucoin. A single SHIB coin is nearly worthless -- less than ₹0.0012 as of May 18, 10:00 a.m. But its trading has grown massively in the last few weeks as it got listed on more exchanges. The volatility came in after Tesla founder Elon Musk had <a href="https://twitter.com/elonmusk/status/1390550521077977089">tweeted</a> he would like to own a Shiba pup. It excited the <keyword id="2721952" type="PERSON" weightage="20" keywordseo="crypto">crypto</keyword> market, and the prices rose by 300 percent. SHIB is often said to be a satirical rip-off of Dogecoin. SHIB again made headlines when Vitalik Buterin, the founder of cryptocurrency ETH (<a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite">Ethererum</a>), said he'd donate close to $1 billion (Rs 7,310 crore) to fund India's fight against a second Covid wave. India's Covid Crypto Relief Fund received 500 ETH and 50 trillion SHIB. Buterin holds 50% of the total coins, giving him extraordinary power over the currency's future. SHIB token is often touted to be a Dogecoin killer, as both of them are considered meme currencies that took off due to Musk. They lack fundamentals at the moment, and there are few options of directly spending it. Musk's recent <a href="https://www.businessinsider.in/cryptocurrency/news/elon-musk-realised-that-he-cant-champion-both-renewable-energy-and-bitcoin-at-the-same-time/articleshow/82603087.cms">pessimism</a> about <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite" data-type="tilCustomLink">Bitcoin</a> has further fuelled the Dogecoin rally, but many enthusiasts believe a ripple effect will push SHIB also into the mainstream arena. Dogecoin is built using the same technology as Bitcoin, while SHIB is based on Ethereum. It's a fungible token, and since its value is microscopic, you can hold billions or even trillions of them. Unfortunately, it has had close to zero takers since its launch in August 2020, and its peak worth was ₹0.0029 on May 11, 3:30 a.m. Since then, the token has lost almost 40% of its value in the last week, and organic growth seems unlikely. Binance does warn that SHIB is a more volatile coin than many and cautions anyone interested in getting involved that they may see significant changes in the coin's value. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/after-ditching-bitcoin-elon-musk-is-now-working-on-making-dogecoin-efficient/articleshow/82628521.cms">After ditching Bitcoin, Elon Musk is now working on making Dogecoin efficient</a> <a href="https://www.businessinsider.in/cryptocurrency/news/four-reasons-why-cryptocurrency-ethereum-has-been-on-a-bull-run/articleshow/82606761.cms">Four reasons why cryptocurrency Ethereum has been on a bull run</a>

WazirX has listed Shiba Inu — here's everything you need to know about the said Dogecoin killer

<keyword id="4521522" type="General" weightage="20" keywordseo="shiba-inu" source="Orion">Shiba Inu</keyword> has managed to retain itself among the top 20 largest cryptocurrencies in the market for over a week now. The cryptocurrency made its debut a little over a year ago and has seen one of the fastest jumps in popularity. Indian cryptocurrency exchange <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=article-advertorial">WazirX</a> was among the first to list the <a href="https://wazirx.com/exchange/SHIB-INR">SHIB token</a> in the country. Users on the platform can directly buy the cryptocurrency using Indian rupees or exchange for it using Tether (USDT) or the exchange’s native WarizX token (WRX). It only took the meme coin 14 months to hit a market value of $12 billion and become the 12th biggest cryptocurrency by market value at its peak. In comparison, it took Dogecoin 88 months — <a href="https://www.businessinsider.in/investment/news/shiba-inu-took-14-months-to-hit-a-market-value-of-12-billion-it-took-dogecoin-6-times-longer-to-reach-that-milestone/articleshow/86839017.cms">six times longer</a> — to be as big. <cmsannotation type="cmsannotation" annotationid="wazirx" comment="wazirx" text="wazirx">wazirx</cmsannotation> The rally has investors asking other cryptocurrency platforms to list the Shiba token as well. A petition on Change.org is <a href="https://www.change.org/p/robinhood-convince-robinhood-they-will-prosper-if-they-list-shiba-inu-coin">urging trading app Robinhood</a> to add the coin to their roster. It has over 2.27 lakh signatures so far. <div type="ExtQuote" text="This petition is designed to kindly request Robinhood to please list Shiba Inu coin to trade. Dogecoin has been a huge success for Robinhood, and its investors… Shiba has just been listed on Binance and its momentum grows by the hour… Let's encourage Robinhood to be the first traditional brokerage to get on this train! Thank you." auname="Petition on Change.org asking Robinhood to list Shiba Inu on its exchange"></div> And, all this, because of one tweet by tech billionaire <keyword id="6355315" type="General" weightage="20" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> of his real life Shibu Inu puppy called ‘Floki’. <div type="twitter" handle="elonmusk" handlename="Elon Musk" image="http://pbs.twimg.com/profile_images/1442634650703237120/mXIcYtIs_normal.jpg" favoritecount="387765" retweetcount="35125" status="Floki Frunkpuppy https://t.co/xAr8T0Jfdf" createdat="1633311718000" id="1444840184500129797"></div> <cmsannotation type="cmsannotation" annotationid="Other factors that may have caused Shiba Inu to skyrocket" comment="subhead" text="Other factors that may have caused Shiba Inu to skyrocket">Other factors that may have caused Shiba Inu to skyrocket</cmsannotation> Traditionally, when Bitcoin’s value increases, the value of altcoins sees a dip. And, when Bitcoin’s value corrects itself, altcoins play catch up. Many believe that Shibu Inu’s rally last week was just that — an altcoin playing catch up and getting caught in the headwinds of Musk’s tweet. Others attribute the coin’s rise to speculation over a major whale purchase — someone who is expected to buy a lot of SHIB. According to <a href="https://finance.yahoo.com/news/shiba-inu-jumps-55-exchange-113026888.html">Yahoo Finance</a>, an unknown whale bought around 6.3 trillion SHIB for approximately $44 million in September. <cmsannotation type="cmsannotation" annotationid="Meme coin Shiba Inu rally slows down — but it’s still worth thrice what it was a week ago" comment="subhead" text="Meme coin Shiba Inu rally slows down — but it’s still worth thrice what it was a week ago">Meme coin Shiba Inu rally slows down — but it’s still worth thrice what it was a week ago</cmsannotation> Some consider Shiba Inu to be a ‘shit’ coin — a coin with no inherent value — others believe that it could potentially be the <a href="https://wazirx.com/blog/is-shiba-inu-a-dogecoin-killer-or-a-shit-coin/">‘Dogecoin Killer</a>’. While Dogecoin uses the same technology as Bitcoin, Shiba Inu is powered by Ethereum. Either way, there’s no denying the break neck speed with which the latter gained value. Even after the rally behind the meme token seems to have slowed down — a 300% growth followed by 30% retrace — Shiba Inu is still worth thrice as much as it was a week ago at a price of $0.00002839 on October 11 at 5:00pm. <cmsannotation type="cmsannotation" annotationid="Shibu Inu is gearing for a comeback after the largest dump in its history" comment="subhead" text="Shibu Inu is gearing for a comeback after the largest dump in its history">Shibu Inu is gearing for a comeback after the largest dump in its history</cmsannotation> According to analytics platform <a href="https://twitter.com/santimentfeed/status/1447485903161622530">Santiment</a>, the hit that SHIB’s price took on October 8 was due to small whales dumping more than 30 billion tokens directly into the market — the largest dump in the token’s history. This, in turn, created massive selling pressure. However, today, the cryptocurrency’s value is up by more than 10% in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/shiba-inu/news/">CoinMarketCap</a>. Santiment asserts that the dumped tokens have most likely been redistributed among ‘micro traders’. On the flip side, trading volumes on Binance show that investors may be losing interest in Shiba Inu. It has fallen from a peak of 240 trillion to <a href="https://coinranking.com/market/11jakTSUC+shib-usdt-binance">less than 80 trillion</a> — one third of what it used to be — as of 2:00 pm Indian Standard Time (IST) on October 12. The total value locked on <a href="https://defillama.com/protocol/shibaswap">ShibaSwap</a> is only $448.96 million versus the $2.35 billion traded on Binance, in the last 24 hours. <cmsannotation type="cmsannotation" annotationid="Shiba Inu has an answer for the nay-sayers" comment="subhead" text="Shiba Inu has an answer for the nay-sayers">Shiba Inu has an answer for the nay-sayers</cmsannotation> Investor <a href="https://markets.businessinsider.com/news/currencies/big-short-michael-burry-shiba-inu-crypto-meme-token-pointless-2021-10">Michael Burry</a>, famous for being one of the few people who saw the 2008 financial crisis coming, expressed that the Shiba Inu cryptocurrency is “pointless.” In a tweet that has since been deleted, Burry shared that the tokens aren’t a desirable investment because the total supply exceeds a quadrillion tokens — this, in effect, limits any possible price appreciation. However, Shiba Inu is working on solving that problem too. The developer behind the cryptocurrency has partnered with NowPayments.io to burn a percentage of SHIB tokens with each transaction. <div type="twitter" handle="Shibtoken" handlename="Shib" image="http://pbs.twimg.com/profile_images/1418580748022525953/d0MGsPSY_normal.jpg" favoritecount="25326" retweetcount="8916" status="We are proud to announce that we will be establishing a #PartnerSHIB with NowPayments.@NOWPayments_io will onboar… https://t.co/HL4bveeVXQ" createdat="1633631667000" id="1446182147350401033"></div> The primary criticism of this strategy is that burning a meaningful percentage of the cryptocurrency will take years. Instead, the community behind the cryptocurrency has suggested a manual burn to reduce the number of tokens in circulation. For now, Shiba Inu investors are waiting for the launch of Shiboshis — a collection of 10,000 non-fungible tokens (NFTs) that will be minted on ShibaSwap — and the project’s plans to enter the world of gaming. <cmsannotation type="cmsannotation" annotationid="Shiba Inu is a joke… about a joke" comment="subhead" text="Shiba Inu is a joke… about a joke">Shiba Inu is a joke… about a joke</cmsannotation> The cryptocurrency was founded in August 2020, created by someone with the pseudonym ‘Ryoshi’. Just as Dogecoin was created as a joke after the viral meme of the real life Shibu Inu called Kabosu, Shiba Inu is often considered to be the satirical rip off of Dogecoin. In India, the Shiba Inu cryptocurrency came into the limelight when Ethereum founder Vitalik Buterin, donated nearly $1 billion to fund India’s fight against COVID-19 during the second wave earlier this year. One part of the funds were in 500 Ether (ETH) and the other part consisted of 50 trillion SHIB. Shortly afterwards, Buterin — who was given 50% of the total SHIB tokens in circulation during the coin’s initial launch — burned 90% of the cryptocurrency in his possession by sending it to a dead wallet. At the end, SHIB’s price saw an all time high of $0.00003502. Disclaimer: This is a sponsored post in partnership with WazirX SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/bitcoin-crosses-57000-for-the-first-time-in-five-months-altcoins-continue-to-struggle/slidelist/86957497.cms">Bitcoin crosses $57,000 for the first time in five months — altcoins continue to struggle</a> <a href="https://www.businessinsider.in/business/startups/news/chingari-raises-19-million-in-crypto-tokens-to-launch-its-own-crypto-token/articleshow/86868155.cms">Chingari raises $19 million in crypto tokens to launch its own crypto token</a> <a href="https://www.businessinsider.in/cryptocurrency/news/nearly-half-the-world-will-be-using-cryptocurrencies-to-send-money-in-the-next-two-years-a-revolution-led-by-remittances/articleshow/86867756.cms">Capgemini says nearly half the world will be using cryptocurrencies to send money in the next two years — a revolution led by remittances</a>

You Searched For "Kabosu" and got 6 results

RIP Kabosu, the celebrity canine who became the face of Dogecoin

Tom Carter

The 'Doge' dog meme that Elon Musk loves, explained in 1 minute

Ana Altchek

The internet-famous Shiba Inu who inspired 'doge' memes, and a joke cryptocurrency, is seriously ill with cancer

Sophia Ankel

After a record-breaking 2021, European investors and founders are ready to take it slow

Jordan Parker Erb

WazirX has listed Shiba Inu — here's everything you need to know about the said Dogecoin killer

Shivam Vahia

Elon Musk’s puppy, a new strategy to burn tokens, and altcoins playing catch up — the perfect storm for cryptocurrency Shiba Inu to skyrocket

Insider Studios

Popular Keywords

Buying Guides