Shiba Inu (SHIB) Plans To Integrate Digital Identities Into Its Ecosystem's Projects, Says Developer

The Shiba Inu (SHIB) ecosystem will make blockchain-based digital identity part of the project's future developments. Shib, the ecosystem's official Twitter account, says that lead developer Shytoshi Kusama is planning to integrate Self-Sovereign Identity (SSI) in all Shiba Inu projects.

Timeline of Shiba-inu

In a stunning turn of events, the wallet of beleaguered U.S. crypto broker Voyager was inexplicably enriched with a whopping 7.45 billion Shiba Inu tokens, valued at approximately $60,754. The surprise did not end there, as additional SHIB tokens, worth more than $300,000, had been deposited into the same address just a few days prior.

Shiba inu was one of Friday's biggest movers, as markets reacted to the news that Binance had approved the meme coin as a collateralized asset. The cryptocurrency exchange confirmed that it was adding 22 new loanable and collateral assets to its Flexible and VIP Loan services. Solana was another notable gainer on Friday.

Shiba Inu (SHIB) coin is surging upwards, driven by excitement among meme coin fans for the upcoming Shibarium upgrade. Shibarium is a new and innovative improvement to its blockchain, planned for release this August. This upgrade aims to fix the current issues of slow transactions and network congestion, making the SHIB coin even better.

In a refreshing turn of events for the meme coin market, Shiba Inu (SHIB) is experiencing a significant uptick in its price action. After breaking through the ascending triangle pattern, a bullish sign in technical analysis, the dog-themed cryptocurrency has been in a growth phase, showing promising signs of recovery.

Binance has continued to make significant strides, cementing its role as a crucial player in the market. One of the recent moves involves the addition of 22 new loanable and collateral assets to its Flexible Loan and VIP Loan services, including the meme-inspired cryptocurrency, Shiba Inu.

Binance Pay, the payment infrastructure arm of the leading crypto exchange, has recently joined forces with YesStyle, a major online marketplace for cosmetics and grooming products. This epic collaboration has paved the way for over 300 cosmetics brands on the platform to accept payments in various cryptocurrencies supported by Binance Pay, including the widely popular Shiba Inu token (SHIB).

August 4th marked a milestone for the crypto community as Binance, the world's leading cryptocurrency exchange, unleashed its latest move in decentralized finance. In a strategic expansion, Binance's Flexible and VIP Loan services now include 22 additional loanable and collateral assets.

Shiba Inu (SHIB) is experiencing a remarkable surge in its upward movement, fueled by growing anticipation among meme coin enthusiasts for the upcoming introduction of Shibarium, an innovative upgrade to its layer 2 blockchain. Scheduled for release this August, Shibarium holds the key to addressing the prevailing scalability and network congestion issues that the Shiba Inu blockchain currently grapples with.

Shiba Inu, the popular meme cryptocurrency project, has announced the launch of its new product, ShibariumSSI, a platform built around the concept of Self-Sovereign Identity (SSI). The announcement, which arrived via the official Shiba Inu Twitter account, highlights the key features of the new platform, which are aimed at providing users with greater control over their digital identities in a time when data privacy is a major concern.

It has been a very eclectic week for the digital currency ecosystem, with volatility unsettling most digital currencies, including popular meme coin Shiba Inu (SHIB). Shiba Inu has seen a gradual but steady offset in terms of its burn rate as a total of 26,706,224 SHIB are currently sent to dead wallets at the time of writing to complement the millions that have been burnt thus far this week.