SHIB Team Responds to Growing Number of Scams With New Feature

Shibarium Scan, the blockchain explorer of the Shibarium network, has introduced an innovative email connectivity feature.

Shibarium Scan, the blockchain explorer for the Shibarium network, has introduced a new feature that allows users to connect via email, providing them with easy access to real-time updates and statistics on Shibarium. The feature, highlighted by Shiba Inu team member Lucie, is optional and useful for setting up watchlists, with the assurance that users need not connect their wallets, ensuring the safety of their cryptocurrency assets. Amidst rising scam alerts, the community is reminded to exercise caution when connecting wallets to websites. Shibarium, relaunched in August this year, has seen significant progress, including integration with an Australian cryptocurrency exchange and notable transaction milestones.

In related news, Shytoshi Kusama, the lead developer behind the Shiba Inu project, has ended a period of silence by engaging with the SHIB community on the official Telegram channel "Shibarium Tech." Kusama hinted at exciting developments within Shibarium, including discussions with key figures and "very important individuals" for the project's next phase. He emphasized the value of silence as a strategic weapon and explained that the team had been busy preparing platforms to support the community and the network's growth. Speculation surrounding Kusama's whereabouts and playful location changes on X added to the intrigue surrounding his return, leaving the community eagerly anticipating Shibarium's future.

Shibarium Scan Introduces Email Connectivity for User Convenience

In a recent X post, Shiba Inu team member Lucie unveiled an exciting new feature that has just made its debut on Shibarium Scan, the blockchain explorer for the Shibarium network. This innovative feature allows users to seamlessly connect to Shibarium Scan using their email addresses, facilitating real-time access to updates, progress reports, and key statistics related to Shibarium, all while on the go.

Community member Mazrael, a prominent figure within the Shiba Inu ecosystem, emphasized that this feature is entirely optional and serves as a valuable tool for users interested in setting up personalized watchlists for Shibarium-related activities. Furthermore, Lucie assured users that they need not compromise the safety of their cryptocurrency assets since there is no requirement to connect their wallets.

As the Shiba Inu community continues to thrive and expand, so too does the need for vigilance against fraudulent activities within the cryptocurrency space. Over the weekend, ShibArmy scam alerts, an account dedicated to the noble mission of exposing scams and safeguarding the Shiba Inu community, sounded the alarm regarding the proliferation of fake websites, deceptive NFT airdrops, and phishing scams. In light of this, Shiba Inu holders were earnestly urged to exercise caution and refrain from connecting their cryptocurrency wallets to any website before conducting thorough due diligence.

Shibarium, the blockchain that underpins Shiba Inu's ecosystem, made its grand reentry into the cryptocurrency scene in late August this year, signaling a new era of progress and expansion. One notable development was the integration of Shibarium with GroveX, an Australian cryptocurrency exchange. According to Shibariumscan, the network has achieved a total of 3,578,008 transactions and boasts 1,255,683 unique wallet addresses. Perhaps the most significant milestone to date is the accumulation of 1,306,051 blocks on the Shibarium mainnet, which is a testament to the robustness and scalability of the protocol. The average block time of just 5.0 seconds further demonstrates the network's efficiency.

An exciting indicator of Shibarium's growing popularity is the surge in daily transactions, which soared to 15,480 on 23 October 2023, following several days of hovering around the 10,000 mark. Lucie hinted at even more exciting developments on the horizon for Shibarium, promising fresh innovations that are set to captivate the community's imagination.

One such development that has garnered considerable attention is the creation of a play-to-earn (P2E) game, which is currently in the works. In this forthcoming gaming experience, players will have the opportunity to earn a yet-to-be-launched digital asset known as "Treat" by actively participating in Shiba Eternity. This innovative concept underscores Shiba Inu's commitment to fostering a vibrant and engaging ecosystem, offering users unique avenues to engage with the project while reaping rewards.

Shytoshi Kusama Resurfaces to Reveal Shibarium's Future Plans

Shytoshi Kusama, the enigmatic lead developer behind the Shiba Inu project, emerged from a period of silence to engage in a candid conversation with the SHIB army. This interaction took place on the official Telegram channel "Shibarium Tech," where Kusama shared insights into the team's plans and hinted at exciting developments on the horizon.

Kusama began by acknowledging the remarkable progress of projects currently building on Shibarium, expressing his enthusiasm for the vibrant ecosystem that has been emerging in his absence. He humorously quipped that he had finally been able to "come out of quiet mode" to witness the array of "amazing projects" taking shape on Shibarium's Layer-2 blockchain.

However, the revelation that truly captured the community's attention was Kusama's mention of discussions with "very important individuals" and prominent figures within the Shiba Inu community regarding the next phase of Shibarium. This tantalizing tidbit hinted at forthcoming collaborations and partnerships that are poised to further elevate the Shibarium ecosystem. As Kusama reaffirmed his commitment to the project, it became clear that the SHIB dev team was now in full gear, actively building and expanding the network.

Kusama also shed light on the rationale behind the period of silence, emphasizing that "sometimes silence is the best weapon." He explained that he and his team had deliberately chosen to maintain a low profile as they diligently worked on platforms to support the community and prepare for the network's next phase. This strategic approach was designed to ensure a solid foundation for Shibarium's growth, and Kusama's return signals a new era of active engagement with the community.

Over the weekend, the Shiba Inu community had been engaged in spirited discussions speculating about Kusama's whereabouts and activities during his absence. The speculation was fueled by changes in his location status on Twitter, which first indicated Malaysia and later Chengdu, China. Some community members even speculated that these changes were a playful attempt by Kusama to puzzle and amuse the Shiba Inu community.

As Shytoshi Kusama reenters the spotlight and unveils the team's plans for Shibarium's future, the Shiba Inu community is filled with renewed optimism and excitement. The promise of further collaborations and developments on the Shibarium network underscores the project's commitment to innovation and growth. Kusama's return reminds us that the world of cryptocurrencies is as dynamic and unpredictable as ever, and the SHIB army eagerly awaits the next chapter in the Shiba Inu saga.

Price Overview

Data from the cryptocurrency price tracking website CoinStats indicated that the global cryptocurrency market cap dropped 0.61% over the past 24 hours. As a result, the market’s valuation was estimated to be around $1.299 trillion at press time.

During this same period, SHIB saw its price drop 1.2%. Subsequently, the meme coin was changing hands at $0.00000743. However, the recent loss was not enough to flip the altcoin’s weekly performance into the red. At press time, CoinStats data indicated that SHIB’s price was still up by 7.68% over the past 7 days.

Price chart for SHIB (Source: CoinStats)

Throughout the past day of trading, SHIB dropped from a 24-hour high of $0.00000772 to a low of $0.00000728. It has recovered slightly since it reached its daily low to trade at its current price. Despite this, the meme coin was still trading slightly closer to its low than its 24-hour high.