Shytoshi Kusama Sets Ambitious Goals for Shiba Inu (SHIB) by 2024:
Shiba Inu‘s team leader, Shytoshi Kusama, is determined to “finish everything” by the end of 2024, according to Lucie, a marketing expert at the Shiba Inu project. In a recent post, Lucie highlighted the project’s current goal to complete all developments by the end of the year, with the overarching vision set for completion by 2024/2025. While Lucie refrained from revealing specific details discussed in her meeting with Kusama, she expressed confidence that the completion of promised developments, utilization of dApps on Shibarium, and upcoming partnerships would have a significant positive impact on Shibarium, BONE, and contribute to the burning of SHIB.
Binance Freezes Stolen XRP Tokens:
In response to a security exploit involving Ripple executive Chris Larsen, Binance has frozen stolen XRP tokens valued at around $4.2 million. Binance CEO Richard Teng highlighted this action as part of a coordinated effort between the crypto community and Ripple to swiftly address the incident. The exchange pledges ongoing support for Ripple’s investigation and recovery efforts, closely monitoring any transactions involving the stolen funds. Teng reiterated Binance’s commitment to maintaining a secure ecosystem and encouraged other projects and users to collaborate in similar cases. The security breach occurred on Jan. 31, resulting in the unauthorized access to Chris Larsen’s accounts and the theft of a significant amount of XRP tokens.
Anonymous Whale Transfers $318 Million in Bitcoin to PayPal:
A massive move in the crypto space saw an anonymous whale transferring a staggering $318 million in Bitcoin to PayPal in three consecutive transactions, each carrying 2,500 BTC worth $106.6 million. PayPal, the American online payments company, embraced cryptocurrency in 2021, allowing users to buy, sell, and hold BTC, ETH, LTC, and BCH in their local crypto wallets. In 2023, PayPal extended its crypto adoption by launching its stablecoin, PYUSD, backed by the U.S. dollar. The recent influx of Bitcoin to PayPal signals continued interest and significant transactions within the cryptocurrency space.
