Tag: Shiba Inu
According to the CEO of AMC Theatres, the Shiba Inu cryptocurrency payment option will be available through BitPay in 2-4 months.
AMC Theatres, situated in the United States, is scheduled to accept the meme-inspired cryptocurrency and Dogecoin rival Shiba Inu (SHIB) as well, only days after opening up online cryptocurrency payments for moviegoers. Within the next two to four months, AMC Theatres CEO Adam Aron said that the company would begin taking SHIB for online payment. Aron announced the decision on Twitter, revealing that he personally urged BitPay, the blockchain payments business used by AMC Theatres, to endorse Shiba Inu, which has gained widespread favor in recent weeks.
Ethereum's competitor and widely used Layer-1 blockchain platform Avalanche has been causing a stir in the cryptocurrency market, having surpassed the likes of Dogecoin and Shiba Inu to enter the top ten cryptocurrencies by market capitalization.
The official Twitter account for the Shiba Inu cryptocurrency has warned SHIB investors of a fraud that is circulating on the Telegram instant messaging platform. Cybercriminals are mimicking official accounts associated with the meme-based dog currency and responding to generic SHIB-related postings. Scammers have been collecting articles promising SHIB giveaways and extra tokens, among other strategies, to attract naïve users. Investors in SHIB are warned not to share their wallet keys with strangers.
This week, Dogecoin (DOGE) and Shiba Inu (SHIB) are battling toe-to-toe for the title of top dog. While the value of Shiba Inu has increased by 160 percent in the last seven days, Dogecoin has grown by 29 percent in the last 24 hours alone, according to CoinMarketCap. As the market becomes hot, observers have noticed a shift of money from top cryptos to dog-themed currencies. As dog-coins attract the attention of regular traders, the price of the top three cryptocurrencies by market capitalization has dropped.