21 hours ago
U.S. Federal Reserve Vice-Chair for Supervision Michael Barr has announced his resignation from the position ahead of President-elect Donald Trump’s return to the White House. His departure has sparked reactions from lawmakers and crypto industry leaders, who pointed out his controversial role in shaping U.S. banking policies concerning digital assets. A Polarizing Figure in Banking and Crypto In a January 6 release , the Fed stated that Barr would leave his post at the end of February or even earlier if the new president found a suitable successor. However, it noted that the legal scholar would remain on the seven-member Federal Reserve Board of Governors. Barr has served as the Fed’s Vice Chair for Supervision since July 2022. The office was created in the aftermath of the 2008 Global Financial Crisis to offer more transparency and accountability for the U.S. central bank’s supervision and regulation of the country’s financial system. In his time, the 58-year-old has been at loggerheads with the fledgling crypto industry, especially following his push to give the Federal Reserve the power to regulate and enforce laws against digital asset issuers in the United States. Barr once stated that the monetary authority would likely deem it “unsafe and unsound” for banks to hold crypto-assets directly on their balance sheets. Many in the industry blame that perspective for limiting the ability of U.S. financial institutions to engage with the cryptocurrency sector. Recent revelations about unredacted letters acquired from the Federal Deposit Insurance Corporation (FDIC) through legal efforts by Coinbase seem to bolster these claims. The documents allegedly show a coordinated effort to slow or halt banks’ crypto-related activities, including basic Bitcoin transactions, custody services, and crypto payments. Allegations of Overreach At a November 2024 grilling before the House Financial Services Committee, Barr and his fellow regulators were criticized by Iowa Congressman Zach Nunn, who accused them of stifling virtual currency innovations. “You’ve all engaged in an anti-crypto crusade during your time here. You have helped make the United States a second-tier place for digital assets,” said Nunn. Reacting to news of Barr’s impending exit, Wyoming Senator and crypto advocate Cynthia Lummis issued a statement alleging that the Fed governor had “illegally increased his power at the cost of Wyoming’s digital asset industry,” further accusing him of failing to uphold his responsibilities as the Vice Chair of Supervision. The Yale alumnus is the latest anti-crypto official to resign from their position following Donald Trump’s crypto-fueled victory in last year’s U.S. presidential polls. Gary Gensler, head of the Securities and Exchange Commission (SEC), announced his departure on November 21, 2024, forestalling a promise by Trump to fire him on his first day in office. Similarly, Barr has cited the “risk of a dispute over the position,” ostensibly with the incoming administration, as part of his reason for leaving. The post Fed Vice-Chair Michael Barr Resigns Amid Accusations of Impacting Crypto Banking Services appeared first on CryptoPotato .
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Whale Accumulates 7.25 Million WIF Tokens Amid Market Dip, Potential for Recovery Remains Uncertain
Dogwifhat (WIF) has seen a significant decline, prompting a whale to purchase 7.25 million tokens worth $13.34 million amidst a market downturn. This notable acquisition underscores a potential opportunity for Crypto Potato
![The Shiba Inu Coin has captured the attention of the cryptocurrency world, earning its nickname as the “Dogecoin Killer.” Despite starting as a meme coin, Shiba Inu (SHIB) has grown into a token with strong community backing, DeFi use cases, and even its own decentralized exchange (DEX), ShibaSwap. With frequent inquiries about its price , predictions for 2025 and 2030 , and whether Shiba Inu Coin can reach $1 , this article delves into everything you need to know about SHIB’s journey, potential, and how to buy it. What is Shiba Inu Coin? Shiba Inu Coin (SHIB) is an ERC-20 token launched on the Ethereum blockchain. Created in 2020 by an anonymous individual known as Ryoshi, SHIB has evolved into one of the most popular meme coins, driven by its vibrant community and ecosystem expansions. Key Features of Shiba Inu Coin Community-Driven: The Shiba Army is a dedicated and passionate global fan base. ShibaSwap DEX: A platform for staking, swapping, and earning rewards within the Shiba ecosystem. Token Burn Mechanisms: Ongoing burns reduce circulating supply to potentially increase value. Shiba Inu Coin Price Today As of today, the price of Shiba Inu Coin fluctuates due to market conditions. Current Price: $[insert price here] Market Cap: $[insert market cap here] 24-Hour Trading Volume: $[insert volume here] For live updates, platforms like CoinMarketCap or CoinGecko offer real-time tracking of the Shiba Inu Coin chart and market movements. Shiba Inu Coin Price Prediction 2025 Price Prediction Shiba Inu’s price trajectory depends on adoption, token burns, and broader crypto trends. Experts suggest the following ranges: Conservative Estimate: $0.00005 Optimistic Estimate: $0.0002 2030 Price Prediction Looking further into the future, SHIB could benefit from significant adoption in DeFi and gaming sectors: Conservative Estimate: $0.0005 Optimistic Estimate: $0.001 Will Shiba Inu Coin Reach $1? Reaching $1 is a tall order for SHIB due to its massive token supply, currently over 589 trillion. For Shiba Inu Coin to hit $1 without significant burns, its market cap would need to exceed global financial assets. However, ongoing Shiba Inu Coin burn schedules aim to reduce the supply, potentially increasing scarcity and value. That said, even a price of $0.01 would represent incredible gains for holders. How to Buy Shiba Inu Coin 1. Choose a Crypto Exchange Shiba Inu Coin is widely available on major platforms, including: Binance Coinbase KuCoin 2. Set Up a Wallet Secure your SHIB in wallets like: Trust Wallet MetaMask Ledger Nano X 3. Buy Shiba Inu Coin Fund your exchange account with fiat or another cryptocurrency. Search for SHIB/USDT or SHIB/ETH trading pairs. Place your order and transfer your SHIB to your wallet for safekeeping. Shiba Inu Coin Burn Mechanism A vital part of Shiba Inu’s growth strategy is its burn mechanism . By sending tokens to a dead wallet, the project reduces its circulating supply, aiming to increase demand and price. Recent burns have totaled billions of SHIB tokens, with further reductions planned in the future. Shiba Inu Coin Chart and Market Trends Analyzing the Shiba Inu Coin chart offers insights into its historical performance and potential future trends: Bullish Indicators: Increased adoption, DeFi integration, and token burns. Bearish Risks: Heavy reliance on market sentiment and macroeconomic factors. FAQs 1. What is the current price of Shiba Inu Coin? Shiba Inu Coin’s price fluctuates; check platforms like CoinMarketCap for live updates. 2. Where can I buy Shiba Inu Coin? You can buy SHIB on major exchanges such as Binance, Coinbase, and KuCoin. 3. Will Shiba Inu Coin reach $1? While unlikely in the near future, significant token burns and adoption could impact its long-term value. 4. What are the price predictions for 2025 and 2030? Experts predict a range of $0.00005 to $0.0002 by 2025 and $0.0005 to $0.001 by 2030. 5. How does Shiba Inu Coin burn tokens? Through a scheduled burn mechanism, SHIB sends tokens to dead wallets to reduce supply and increase scarcity. Conclusion Shiba Inu Coin represents more than just a meme token; it’s a growing ecosystem with potential in DeFi, gaming, and community-driven projects. While its future largely depends on token burns and market trends, its passionate community ensures that SHIB remains a topic of interest in the crypto world. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on the latest news , where we delve into the most promising ventures and their potential.](/image/677e792b7908a.jpg)
Shiba Inu Coin: Price, Predictions, and Future Insights
The Shiba Inu Coin has captured the attention of the cryptocurrency world, earning its nickname as the “Dogecoin Killer.” Despite starting as a meme coin, Shiba Inu (SHIB) has grown into a token with strong community backing, DeFi use cases, and even its own decentralized exchange (DEX), ShibaSwap. With frequent inquiries about its price , predictions for 2025 and 2030 , and whether Shiba Inu Coin can reach $1 , this article delves into everything you need to know about SHIB’s journey, potential, and how to buy it. What is Shiba Inu Coin? Shiba Inu Coin (SHIB) is an ERC-20 token launched on the Ethereum blockchain. Created in 2020 by an anonymous individual known as Ryoshi, SHIB has evolved into one of the most popular meme coins, driven by its vibrant community and ecosystem expansions. Key Features of Shiba Inu Coin Community-Driven: The Shiba Army is a dedicated and passionate global fan base. ShibaSwap DEX: A platform for staking, swapping, and earning rewards within the Shiba ecosystem. Token Burn Mechanisms: Ongoing burns reduce circulating supply to potentially increase value. Shiba Inu Coin Price Today As of today, the price of Shiba Inu Coin fluctuates due to market conditions. Current Price: $[insert price here] Market Cap: $[insert market cap here] 24-Hour Trading Volume: $[insert volume here] For live updates, platforms like CoinMarketCap or CoinGecko offer real-time tracking of the Shiba Inu Coin chart and market movements. Shiba Inu Coin Price Prediction 2025 Price Prediction Shiba Inu’s price trajectory depends on adoption, token burns, and broader crypto trends. Experts suggest the following ranges: Conservative Estimate: $0.00005 Optimistic Estimate: $0.0002 2030 Price Prediction Looking further into the future, SHIB could benefit from significant adoption in DeFi and gaming sectors: Conservative Estimate: $0.0005 Optimistic Estimate: $0.001 Will Shiba Inu Coin Reach $1? Reaching $1 is a tall order for SHIB due to its massive token supply, currently over 589 trillion. For Shiba Inu Coin to hit $1 without significant burns, its market cap would need to exceed global financial assets. However, ongoing Shiba Inu Coin burn schedules aim to reduce the supply, potentially increasing scarcity and value. That said, even a price of $0.01 would represent incredible gains for holders. How to Buy Shiba Inu Coin 1. Choose a Crypto Exchange Shiba Inu Coin is widely available on major platforms, including: Binance Coinbase KuCoin 2. Set Up a Wallet Secure your SHIB in wallets like: Trust Wallet MetaMask Ledger Nano X 3. Buy Shiba Inu Coin Fund your exchange account with fiat or another cryptocurrency. Search for SHIB/USDT or SHIB/ETH trading pairs. Place your order and transfer your SHIB to your wallet for safekeeping. Shiba Inu Coin Burn Mechanism A vital part of Shiba Inu’s growth strategy is its burn mechanism . By sending tokens to a dead wallet, the project reduces its circulating supply, aiming to increase demand and price. Recent burns have totaled billions of SHIB tokens, with further reductions planned in the future. Shiba Inu Coin Chart and Market Trends Analyzing the Shiba Inu Coin chart offers insights into its historical performance and potential future trends: Bullish Indicators: Increased adoption, DeFi integration, and token burns. Bearish Risks: Heavy reliance on market sentiment and macroeconomic factors. FAQs 1. What is the current price of Shiba Inu Coin? Shiba Inu Coin’s price fluctuates; check platforms like CoinMarketCap for live updates. 2. Where can I buy Shiba Inu Coin? You can buy SHIB on major exchanges such as Binance, Coinbase, and KuCoin. 3. Will Shiba Inu Coin reach $1? While unlikely in the near future, significant token burns and adoption could impact its long-term value. 4. What are the price predictions for 2025 and 2030? Experts predict a range of $0.00005 to $0.0002 by 2025 and $0.0005 to $0.001 by 2030. 5. How does Shiba Inu Coin burn tokens? Through a scheduled burn mechanism, SHIB sends tokens to dead wallets to reduce supply and increase scarcity. Conclusion Shiba Inu Coin represents more than just a meme token; it’s a growing ecosystem with potential in DeFi, gaming, and community-driven projects. While its future largely depends on token burns and market trends, its passionate community ensures that SHIB remains a topic of interest in the crypto world. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on the latest news , where we delve into the most promising ventures and their potential. Crypto Potato
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2.8 Billion Stellar (XLM) In 24 Hours, What Is Happening?
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