Shiba Inu: Shytoshi Kusama's Warning For SHIB Community

Shiba Inu has gained prominence as a meme coin with an active and supportive community. The development team has consistently demonstrated commitment to improving the coin through various initiatives, developments, partnerships, and listings.

Also read: Dogecoin (DOGE) Surges 4% Following Elon Musk’s Tweet

Among the notable SHIB developers is Shytoshi Kusama, who recently issued a warning message to the SHIB community via his official Twitter account.

Kusama warns Shiba Inu community not to fall for wallet scams

In one of his recent tweets, Shiba Inu dev Kusama left the community with a security sidenote. He cautioned the community against buying a cold wallet from anyone except the certified manufacturer directly.

The warning comes amid the expected launch of the SHIB cold wallet. The team announced the launch of their cold wallet, which is now available for pre-order starting May 29. Shiba Inu is developing the wallet in collaboration with Tangem, a Swiss company, a recent tweet says. As per the recent update shared on Tangem’s official account, the launch of the Shiba Inu cold wallet is scheduled for the upcoming week.

Also read: Polygon Considers Governance Restructure in Upcoming Polygon 2.0 Roadmap

According to CoinMarketCap data, SHIB is up by 1.6% in the last 24 hours and is trading at $0.000007845 at press time. One notable thing is that there has been a surge in the 24-hour trading volume of SHIB, which has surged by over 28400% at press time.

    • shib
    • shiba inu
    • shytoshi kusama

    Comments

    Post a Comment

    Popular posts from this blog

    Barry Silbert deletes old tweets amid GBTC selloff

    Under-fire Digital Currency Group founder Barry Silbert has apparently deleted a raft of his old tweets . According to his X (formerly Twitter) account, Silbert signed up in October 2011, however, at the time of writing, his timeline shows no tweets or replies older than January 5 this year. Luckily for die-hard Silbert fans, X user Pledditor has screenshotted some of his “greatest hits.” Looks like @BarrySilbert has deleted all his old tweets The good news? I have screenshotted some of his greatest hits pic.twitter.com/GLWPbCf5mN — Pledditor #FixTheFilters (@Pledditor) January 15, 2024 Read more: Former DCG advisor Larry Summers on list of Jeffrey Epstein’s ‘Harvard friends’ Among the messages saved by Pledditor is a classic in which Silbert brands himself a “ complete and total professional failure ,” and one in which he advises Dogecoin holders to convert it to bitcoin. It’s not clear what prompted Silbert’s Social Media cull but he’s currently taking Social Media flak
    Read more

    Trader Issues Warning on Solana Rival That’s Up 247% in One Month, Updates Outlook on LDO and One Other Altcoin

    Image
    A widely followed crypto strategist warns that a Solana (SOL) competitor that’s up more than 3x in the last 30 days is flashing signals that it may have printed a short-term top. The pseudonymous analyst known as Altcoin Sherpa tells his 205,700 followers on the social media platform X that while layer-1 blockchain Sei (SEI) is still in an uptrend, it starting to show signs of bullish exhaustion. “Why it looks good: -consolidation and highly bullish high time frame market structure -still bullish on all time frames -EMAs (exponential moving averages) all catching up + other alts looking strong Why it doesn’t: -could be an exhaustion pump here and last big move up -could be rotation from others (SOL/SEI/etc/) to ETH season also known as ARB/LDO/OP -dying volume/some signs of distribution here.”  Source: Altcoin Sherpa/X At time of writing, SEI is trading for $0.785, up over 247% from its 30-day low of $0.226. The trader is also keeping an eye on the price
    Read more

    Nuant becomes a member of the OpenWealth Association

    On January 18, Nuant joined the OpenWealth Association, contributing to advancing digital assets risk management within Swiss banking, WealthTech, and traditional finance, per the information shared with Finbold. In doing so, Nuant recently joined traditional finance entities such as Credit Suisse, LGT, VP Bank, and WealthTech firms like Assetmax and InvestSuite. This strategic partnership represents a noteworthy progression in crypto investment risk management within Switzerland’s financial sector. The OpenWealth Association aims to establish, uphold, and implement open Application Programming Interface (API) standards within the global wealth management community. This commitment aims to facilitate seamless financial data exchange among institutions. Nuant as representative of the CeDeFi sector Cryptocurrency Anthony Scaramucci says Bitcoin to skyrocket to $170,000 by 2025 Cryptocurrency Donald Trump says he’ll ‘never allow a CBDC’ if elected
    Read more