Shiba Inu's latest rally has taken the coin to a profit of 1000% over the last month. Here's how much money you would have made if you had invested $1000

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The entire crypto market has been rallying up this past month and many coins, including Bitcoin and Ethereum, have set new all-time highs (ATHs).
But the most impressive of all has to be Shiba Inu’s rally that has taken the coin up 1000% over the last thirty days alone.
The DOGE clone’s gains have been the talk around the crypto community these past few days and people have been wishing they had invested into it earlier.
SHIB is up around 112% over the last five days so that the $1000 investment would turn into $2120 by today.
This means that if someone had invested $1000 into the coin at that time, then the same would be worth $11,000 today.
A Twitter user puts into perspective, just how much $1000 in the crypto that was bought eleven months ago would be worth today: If you invested $1000 in $SHIB 11 months ago, you would now have $1.2 BILLION FCKNG USD.
Related Reading | Why Shiba Inu (SHIB) Rallied 266% Following Biggest Dump In Its History There is someone who did a real trade like this, but that was done even earlier, over 400 days ago.
Here is how the two coins compare at the time of writing: DOGE is currently leading the market cap charts | Source: CoinMarketCap Here is the rally that put the coin in the position needed to fight DOGE for its spot in the market: Shiba Inu's price explodes up in the last month | Source: SHIBUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com

By The Numbers: What $1000 In SHIB Is Worth Now

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SEC will likely wait for more liquidity, see how bitcoin futures ETFs operate before approving ETH products, industry watchers say.

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Bloomberg Intelligence analyst says he believes Ethereum futures ETF could come in first half of 2022, before a bitcoin spot ETF Reasoning behind ProShares and VanEck withdrawing Ethereum futures ETF applications in August remains unclear With two bitcoin futures ETFs already on the market and more apparently on the way, industry professionals have weighed in on when an Ethereum futures ETF could launch.
then I think they can very quickly turn their apparatus to an Ethereum futures-based ETF.” After launching bitcoin futures contracts in 2017, derivatives marketplace CME Group launched Ether futures in February.
“I believe Ethereum has sufficient trading history,” Griggs told Blockworks, noting that the SEC could allow a futures-based product to launch by the end of the year.
In addition to liquidity concerns, Acheson said that there is still no regulatory clarity on whether ETH is or is not a security, which would likely prevent the SEC from allowing Ethereum ETFs Bloomberg Intelligence ETF Analyst James Seyffart told Blockworks that there was about $3 billion in open interest in the bitcoin futures market at the time the SEC began to favor such a product.
Seyffart predicts an Ethereum futures-based ETF could launch sometime in the first half of 2022, noting that he believes one will launch before a spot bitcoin ETF.
After filing for bitcoin futures ETFs, VanEck and ProShares had also revealed plans in August to launch Ethereum futures products .
The SEC declined to comment on their view on Ethereum futures-based ETFs and whether the agency had instructed VanEck and ProShares to withdraw their applications.
Nathan Geraci, president of The ETF Store, previously said that he expects most issuers that launch a bitcoin futures ETF to also pursue an Ethereum futures fund.
Though demand for Ethereum futures ETF might not reach the day-one interest seen from the BTC products, it would be high, Griggs said.
Seyffart agreed there would be demand for such Ethereum products, but they would likely see less interest than the bitcoin futures ETFs.

When Could an Ethereum Futures ETF Hit the US Market?

/PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing business through innovative technology solutions, announced today the...

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Globant is the first tech services company to create a Studio comprised of specialists in metaverse to help clients reinvent their digital spaces Globant to host a panel on metaverse impact and opportunities on November 10th at its signature Converge event SAN FRANCISCO, Oct. 28, 2021 /PRNewswire/ -- Globant (NYSE: GLOB ), a digitally native company focused on reinventing business through innovative technology solutions, announced today the launch of the Globant Metaverse Studio , which will offer organizations a set of solutions and services to take advantage of the sphere of opportunities provided by this new space.
These new spaces will open the doors for the reinvention of how existing brands connect with their consumers, as well as the opportunity for a new breed of fully digital ones to grow their business," explained Martín Migoya, Globant CEO & Co-founder.
Globally, more than 2000 skilled Globers will be working on projects related to the new studio, helping to build the tools, technologies, and strategies that will allow Globant's clients to reinvent themselves and emerge as industry leaders as this evolves.
We want to help our clients rethink the consumer experience and reinvent their business models for the future," said Matías Rodríguez, VP of Technology of the Metaverse Studio.
About Globant: We are a digitally native company that helps organizations reinvent themselves to create a way forward and unleash their potential.

Globant Launches New Studio To Guide Companies Into The Metaverse

Ethereum (CRYPTO: ETH)-based DeFi protocol Cream Finan...

Ethereum (CRYPTO: ETH )-based DeFi protocol Cream Finance (CRYPTO: CREAM) was exploited for $130 million by hackers on Wednesday.
What Happened: At around 10 a.m. Wednesday, blockchain security analytics firm PeckShield Inc reported the flash loan attack on decentralized lending platform Cream Finance.
(@peckshield) October 27, 2021 At 11:30 a.m., Cream Finance reported it was “investigating an exploit,” later confirming that an attacker had stolen a total of $130 million in crypto tokens.
— Cream Finance 🍦 (@CreamdotFinance) October 27, 2021 “This was one of the most sophisticated and cleanly executed DeFi attacks.
Cream only had $130m assets available for lending, so the attacker was limited to $130m profits,” summarized blockchain security researcher Mudit Gupta in a blog .

Hackers Steal $130M From Ethereum-Based DeFi Protocol Cream Finance

After Shiba Inu’s rise this week, Floki Inu puts up an even more dramatic climb amidst transaction tax changes and marketing blitz.

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Floki Inu, an Ethereum and Binance Smart Chain meme token, is up more than 200% in the last day.
While it can sometimes be difficult to pinpoint the reason why a meme coin pumps—particularly since they’re so susceptible to shifting social media sentiment —there have been a couple of key developments around Floki Inu of late.
In a tweet thread posted Wednesday, Floki Inu’s developers cited regulatory concerns as a key reason for removing the royalty-like rewards element.
Removing reflections fixes this!” Floki Inu has dropped its tax from 8% per transaction to 3% now, and besides funding marketing aims (like the London ads), the tax money is used for building out the overall ecosystem around the meme token, including a planned “Valhalla” video game metaverse project.
According to its official website, Floki Inu claims more than 170,000 total holders—although that number may have risen, based on recent activity.
Floki Inu has risen in value nearly 250,000% since its July launch, per data from CoinGecko.

Floki Inu Pumps 223% as Dogecoin, SHIB Rival Plasters Ads Across London

A widely followed crypto market analyst is laying out potential scenarios for a Bitcoin (BTC) correction before taking off to new all-time highs.  The analyst

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

A widely followed crypto market analyst is laying out potential scenarios for a Bitcoin (BTC) correction before taking off to new all-time highs.
If you get a big puke, and then funding keeps going positive and leverage keeps buying the dip as the market moves lower, you can set expectations for a deeper wick.” He thinks that support around $56,000 and $58,000 would likely stand as a strong foundation for continued BTC bullishness.
Ju points out that the market appears over-leveraged as the BTC estimated leverage ratio, which tracks the ratio of open interest divided by the reserve of an exchange, looks to be approaching a new all-time high.

Here’s How Low Bitcoin May Go If Deep Correction Plays Out, According to Top Crypto Analyst

It’s official: Facebook goes Meta as it showcases its vision for the future of social media, work, NFTs, and play online.

Facebook has renamed its parent company Meta as part of a metaverse push.
The company announced the move at its metaverse-themed Facebook Connect keynote today.
Social media giant Facebook sees the growing metaverse as the future of its business, and today the firm made that increasing focus formal by announcing that it will go by the name Meta.
Facebook (now Meta) CEO Mark Zuckerberg announced the news today during the streaming keynote for its annual Facebook Connect event, which was heavily focused on the metaverse.
The company has said that it will help build the metaverse “responsibly,” and took time in today’s keynote to highlight its focus on privacy and open collaboration with external creators and firms.
Today’s keynote address spotlighted potential 3D social interactions, the ability to do work in the metaverse, and the way that NFTs can be used to represent collectibles and avatars alike.

Facebook Goes All In on Metaverse With New Company Name Meta, NFT Push

The Central Bank of France has explored a central bank digital currency (CBDC) for some months now.

This has borne the desire to get a central bank digital currency, CBDC, by some countries.
For some months, the Central Bank of France has explored a central bank digital currency (CBDC).
Recently, the apex bank is rounding off a remarkable trial of a CBDC based on blockchain within the country’s debt market.
According to the reports , there has been a 10-month testing experiment for a central bank digital currency in the country.
There are various other participants in the central bank digital currency test.
Since then, the apex bank has constantly been testing other use cases of central bank digital currency.
In June, Banque de France collaborated with SEBA, a Swiss Cryptocurrency Bank, to test a CBDC for stimulating the settlement and transfer of listed security.
Cryptocurrency market is in recovery mode | Source: Crypto Total Market Cap on TradingView.com Also, the central bank previously used a private blockchain platform to handle a central bank digital currency for issuing simulated shares worth about $2.4 million.

Central Bank of France Tests Blockchain-Backed CBDC Targeting Debt Market

Gary Gensler of the SEC is still very worried about the alleged lack of protection investors get in the crypto trading space.

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Released by trading firm Pro Shares, crypto investors feel that the product – while imperfect – is a step in the right direction, and yet the SEC’s Gary Gensler is not as optimistic, and still feels certain things should take place for investors to get the right protection.
Gary Gensler is the man at the top of the SEC ladder, and despite the tremendous success the new ETF has enjoyed, he isn’t convinced that things are where they need to be, citing an alleged lack of protection for crypto traders.
Many investors have taken a serious liking to the new ETF even though it’s based on futures technology, which is considered inferior to actual physical bitcoins by many analysts and traders.
While the futures-based bitcoin ETFs are a positive first step, it appears that investors might be waiting a while on a spot product

Gary Gensler Is Worried About the New BTC ETF

Appetite for crypto may be nearing another level of unbridled enthusiasm, at least by gauging the top crypto downloaded on Apple's App store.

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The U.S.’s No. 1 crypto exchange Coinbase Global BTCUSD, +4.82% was in pole position, at last check on Apple’s platform, but in the No. 3 spot, just behind popular social-media app TikTok, was rival crypto platform Crypto.com.
Crypto.com ranks as No. 20 among the top global crypto exchanges, according to data site CoinMarketCap.com, but was gaining healthy traction on Apple’s platform.
The euphoria around digital assets like bitcoin and the No. 2 most highly valued coin, Ether ETHUSD, +7.04% on the Ethereum blockchain, come as assets driven by social-media interest have seen stratospheric surges in value, drawing more attention from investors eager to get rich quick from parabolic jumps.

As Shiba Inu, Dogecoin vie for meme primacy, a pair of crypto exchanges take top spots on Apple’s App store

With November only one week away and Bitcoin taking a dip under the $60k level on 27 October, bears seem to be dictating the market trend. At least in the short term. In fact, after a power-packed ‘Uptober,’ expectations of some consolidation from Bitcoin in the coming month have risen. Nonetheless, with the king coin […]

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With November only one week away and Bitcoin taking a dip under the $60k level on 27 October, bears seem to be dictating the market trend.
Notably, since February 2020, the average rate of outflows has been 30.85K BTC per month.
The attached chart, for instance, can be used to see how current outflows are around 22k BTC per month or around 71% of the long-term average.
For instance, the gains BTC saw in the month of October highlighted this sustained trend of BTC’s rise as the last quarter begins.
Notably, a short-term consolidation trend after a new ATH is reached is particular to BTC’s price momentum.
BTC bulls have sufficient incentives to peg Bitcoin’s price above $60k on 29 October when the $3.2 billion monthly Options expiry settles.
With almost 52% of the contracts about to expire, BTC’s price on 29 October could dictate its rally in November.

Bitcoin: Assessing the possibility of this bull cycle trend repeating itself

The team said that financial services firms were expected to hire more than three times as many staff with experience in digital assets than in 2015.

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The data shows that while many jobs with companies already focused on crypto and blockchain contributed to this rise, traditional financial institution J.P. Morgan was among the top employers for roles in the digital asset space.
J.P. Morgan’s job postings as of July included positions focusing on its global blockchain development efforts — blockchain-focused software developers, engineers, marketers and auditors .

LinkedIn reports crypto and blockchain job listings have surged 615% since August 2020

The provision adds cryptocurrency transactions to constructive sale rules under the tax code.

A new draft of the Build Back Better Act – U.S. President Joe Biden’s hoped-for spending bill – still contains language meant to close tax loopholes that cryptocurrency investors could exploit.
The bill defines a digital asset as “any digital representation of value which is recorded on a cryptographically secured distributed ledger or any similar technology.” A much longer draft text of H.R. 5376, also published by the Rules Committee, contains an identical provision.
Read more: US Lawmakers Float New Crypto Tax Provisions in Reconciliation Bill A draft of the bill published by the House Ways and Means Committee last month contained similar language, but unlike a crypto tax provision included in a bipartisan infrastructure bill, industry proponents are not concerned about the BBB provision.
“The Federal Trade Commission shall use the funds appropriated under subsection (a) to create and operate a bureau, including by hiring and retaining technologists, user experience designers, and other experts as the Commission considers appropriate, to accomplish the work of the Commission related to unfair or deceptive acts or practices relating to privacy, data security, identity theft, data abuses, and related matters,” the provision said.

Biden’s ‘Build Back Better’ Act Would Close Crypto Tax Loophole

The market capitalization of Shiba Inu (SHIB) surpassed that of Dogecoin recently. The Ethereum-based token, SHIB, entered the market as a “Dogecoin killer.” This race of the dogs has been a rather interesting one to watch. However, the most relevant question here is this – Will another new dog in town – Floki Inu – […]

The market capitalization of Shiba Inu (SHIB) surpassed that of Dogecoin recently.
The Ethereum-based token, SHIB, entered the market as a “Dogecoin killer.” This race of the dogs has been a rather interesting one to watch.
However, the most relevant question here is this – Will another new dog in town – Floki Inu – threaten SHIB and Dogecoin’s hold?
As SHIB flipped Dogecoin and briefly, took over Polkadot by market cap, the larger community still seemed distraught about a meme-coin doing the aforementioned.
Likewise, Floki Inu (FLOKI), a meme-coin named after Elon Musk’s Shiba Inu dog, has started to garner attention with aggressive advertising campaigns in London.
To lure new users to the Floki Inu community, ads featuring the coin’s slogan – “Missed DOGE?
So, with SHIB’s rally slowing down, can Floki Inu emerge as the new dog in a town primed to prosper?
Floki getting listed on exchanges could pump the coin, the same way the listings pumped SHIB.

Can FLOKI, the new dog in town, be the new DOGE, SHIB-killer

The current surge in Shiba Inu (SHIB) is not unrelated to the current clamoring by fans of the dog-themed cryptocurrency for it to be

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Key takeaways Bloomberg thinks SHIBArmy’s petition for Robinhood to list the meme coin is behind SHIB’s recent surge.
Robinhood is however yet to confirm it would soon list SHIB.
The dog-themed token has however continued to surge, closing the gap between it and DOGE significantly.
The surge in Shiba Inu (SHIB) is not unrelated to the current clamoring by fans of the dog-themed cryptocurrency for it to be listed on retail investors’ favorite platform Robinhood according to Bloomberg.
According to the Bloomberg scoop, the #SHIBArmy Change.org petition for Robinhood to list SHIB on the platform which currently has around 393,000 signatures is one of the factors fueling the surge of the meme coin in the past few days.
SHIB is closing the gap between itself and the leader of the dog-themed crypto pack, Dogecoin (DOGE).