cryptocurrency
Cryptocurrency
Today in crypto, Twenty One Capital had a $458.7 million worth of Bitcoin injection from Tether, VanEck is launching its first tokenized fund backed by US Treasurys, and Arizona Governor Katie Hobbs has vetoed bills aimed at creating a state Bitcoin reserve and enabling crypto payments https://aboutcasino-australian.org/casinos/hell-spin/.
VanEck joins a burgeoning field of traditional financial firms that have launched RWA tokenized funds, with competitors including BlackRock and Franklin Templeton. In January, Apollo, an investment firm with $751 billion in assets under management, also launched a private credit tokenized fund.
Stablecoin issuer Tether bought $458.7 million worth of Bitcoin for Twenty One Capital on May 13, a Bitcoin investment firm it backed that’s working on a Special Purpose Acquisition Company (SPAC) merger with Cantor Equity Partners.
Cryptocurrency shiba inu
Thanks to its massive supply, a SHIB price of $0.01 would put its valuation, or market capitalization, at $10 trillion, close to that of gold. A price of $1.00 would give it a market cap of $1 quadrillion.
The live Shiba Inu price today is $0.000016 USD with a 24-hour trading volume of $517,912,874 USD. We update our SHIB to USD price in real-time. Shiba Inu is up 4.78% in the last 24 hours. The current CoinMarketCap ranking is #15, with a live market cap of $9,471,658,180 USD. It has a circulating supply of 589,249,858,263,323 SHIB coins and a max. supply of 589,552,695,333,683 SHIB coins.
SHIB does not have its own blockchain and therefore relies on Ethereum for its security since it is an ERC-20 token. Ethereum’s Ethash algorithm and vast network of miners provide ample safety to SHIB.
In the same blog, Ryoshi said that their goal for Shiba Inu is to see if a perpetual decentralized organization could work with no central leadership. Furthermore, Ryoshi wrote that the ecosystem would develop further to include an algorithmic stablecoin to serve as a global exchange of value.
These long strings of numbers, both in terms of tokens owned and the price per token, make calculation difficult. As such, some SHIB investors multiply their holding of SHIB tokens by an optimistic future price of $0.01 per SHIB or even $1, mostly just for simplicity’s sake.
Top cryptocurrency
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The miner that provides the correct solution to the problem first gets to add the new block of transactions to the blockchain and receives a reward in return for their work. Bitcoin miners are rewarded with BTC, Ethereum miners are rewarded with ETH, and so forth.
We calculate a cryptocurrency’s market cap by taking the cryptocurrency’s price per unit and multiplying it with the cryptocurrency’s circulating supply. The formula is simple: Market Cap = Price * Circulating Supply. Circulating supply refers to the amount of units of a cryptocurrency that currently exist and can be transacted with.
