- Highly-reputable Japanese venture capital adds Shiba Inu trading pairs.
- Shiba Inu dropped by 11% in the last seven days amid SEC crypto crackdown.
- Premier Japanese crypto exchange marks SHIB as the most popular crypto.
Shiba Inu has been proclaimed the most popular cryptocurrency by one of the leading Japanese crypto exchanges. BitPoint was launched in March 2016 and provides crypto services that include 18 popular large market cap coins. $SHIB generated the most trading activity and is the most-watched cryptocurrency on BitPoint’s Japanese subsidiary.
Japanese Trading Heavyweights Give SHIB the Nod
In other related news, SBI Trade, a top-notch Japanese venture capital, announced the inclusion of Shiba Inu (SHIB). The renowned financial services enterprise will implement Shiba Inu trading pairs on their venture capital trading platform SBI VC Trade.
In their official announcement, SBI Trade explains that the move was made in order to align with the needs of customers and to provide the most comprehensive up-to-date services to businesses in the area.
Sponsored
SBI Trade sees Shiba Inu as an ERC-20 token on Ethereum (ETH), taking inspiration from the original memecoin Dogecoin (DOGE). Following the high demand in Japan, the popular dog-themed memecurrency was also recently added by OKCoin Japan and BitFlyer.
Shytoshi Kusama’s Fruitful Journey to Japan
This comes just a month after Shytoshi Kusama, the mysterious leader of Shiba Inu’s Ecosystem, changed his Twitter location to Niseko, Japan. Even though the Twitter location is now changed again and reads “Miami,” Kusama’s Japanese journey seems to have bore fruit.
Today, Shy dropped another cryptic message on Twitter: “Wen is so last year – the real question is.. Where?” In response, SHIB Token’s moderator team member LucieSHIB added: “I don’t know why Shytoshi is all about #where…Personally, I think with #who?👀 is more important.”
Sponsored
The Shiba Inu community is trying its best to decipher Kusama’s latest tweet. Some members expect it to be related to Shibacon, the first real-life conference for Shiba Inu fans. On the other hand, a large chunk of the SHIB Army thinks it will have to do something with Shiba Eternity, Shiboshis, and Shibacals, as all of these are tagged in the message.
On the Flipside
- SHIB Token is experiencing problems on Twitter. The official Shiba Inu burn tracker’s update bot has been suspended since last week.
- Prominent members of the SHIB Army report impersonation attempts on Discord while phishing scams are on the rise on Crypto Twitter.
Why This Matters
Shiba Inu has among the largest and most active communities in crypto.
Delve deeper into DailyCoin’s trending crypto news:
Project Mariana: A Breakdown of Proposed wCBDC System
Learn and Earn in Crypto: How to Get Paid to Research Cryptocurrency
FAQs
Shiba Inu is an ERC-20 token on the Ethereum (ETH) network. Shiba Inu is also pegged on Binance Smart Chain (BSC).
Yes, Shiba Inu’s burning procedures destroy coins. In other words, the burnt $SHIB is removed from circulation, increasing the demand for the memecoin.
There are a number of local and international crypto exchanges operating in Japan. BitPoint JP is one of the most popular local exchanges, while global crypto platforms operating in Japan include Binance, ByBit, Huobi, and others.
SBI Group is a veteran broker in Japan, providing services for both retail customers and institutions. SBI also has several subsidiaries around the globe.
