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Shiba Inu Coin’s Active Addresses Rise By 24.18% In Average Price

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Currently the price of Shiba Inu is running close to $ 0.0000118 and in India it is trading at Rs 0.000920. Shiba Inu’s active addresses rise by 24.18% in average price. Shiba Inu trading at Rs. 0.000920 in India.

Good news for Shiba Inu investors. For the last few days, whales have been recording major activity of Shiba Inu transactions. Now trading volumes in the top 100 Shiba Inu holders have again recorded more than 500%. Data released by the whale account tracking platform shows that Shiba Inu’s trading volume has increased by 511% in the last 24 hours. 

A recent report by WhaleStats said trading volumes in the top 100 whales holding Shiba Inu have risen to a record level of 511%. With this, the average balance of the token has increased from 26.58% and its average value has increased by 24.18%. This increase in trading volume is said to be due to the increase in active addresses. According to WhaleStats, crypto whales are transacting with trillions of Shiba Inu tokens, which has led to a 70% increase in active addresses. 

Currently, Ethereum whales are purchasing Shiba Inu and the number is so high that Shiba Inu has become the most purchased token in the last 24 hours. The report states that Shiba Inu 2000 tops the list of 10 large tokens purchased by the largest ETH whales. In the same episode, blueWhale0113, the 395th ranked ETH whale account, has purchased 312,285,225,685 Shiba Inu tokens. 

The motive for such a big number of token acquisitions is also very simple. In fact, whales buy tokens at a time when there is a recession in tokens. At present, there is a recession in bitcoin to shiba inu. In such a situation, this is the best time for whales to buy their favorite token. It is at such times that whales increase their stock of favorite tokens. 

Currently, the price of Shiba Inu is running close to $ 0.0000118. In India, it is exchanging at Rs 0.000920. Its price has fallen by 2.45 percent in the last 24 hours. Shiba Inu has recently opened up about her alliance with The Third Floor (TTF). With this, Shiba Inu is heading to step into the globe of metaverse. For this reason, Ethereum whales see the potential in this token and they are buying it.

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Cryptocurrency Trading Company Shut Down After Scamming Investors

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Cryptocurrency trading firm, Praetorian Group International Trading Inc has been shut down by US authorities. Due to a lack of insufficient cooperation with public interest and evidence, the crypto company has finally closed.

In this update, we will understand why the US government shut down the cryptocurrency company and what exactly happened. 

The Uk government told on October 27 that PGI Limited was shut down by the High court on September 13 and the Official receiver has been specified liquidator of the company.

The firm’s central business activity was the provision of crypto trading packets, blockchain education, and health products. Read More: 10 Trending Technology Now

Despite clashing accounts of the company’s trading movement delivered by two retired directors, it seems that the major business activity completed by PGI was the deal and acquisition of cryptocurrency.

Investors were pledged returns of up to 200%. But when these did not occur, investors were incapable to draw the funds they had invested.

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Three bank invoices were recognized as utilized by PGI and were operated to receive about £612,425 from its would-be investors between July 2020 and February 2021.

Charges from the accounts contained at least £195,000 delivered to personal accounts, and a £10,000 settlement to a luxury division.

PGI is said to be an aspect of the Praetorian Group International Trading Inc. Its website has been seized by the US Department of Justice and US Department of the Treasury following a stroke warrant given by the US District Court of the Eastern District of Virginia.

Uk government report noted in a statement that the firm’s director, Ramil Ventura did not cooperate with the Insolvency Service investigation.

The High Court decided that closing down the firm was in the public appeal, given the deficiency of cooperation, neglect to maintain, conserve and provide sufficient accounting records, and lacking transparency.

Chief Investigator, Mark George said that businesses and individuals working under the limited protection need to comply with the requirements of the Companies Act.

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This case emphasizes that the court will take a dark perspective if they are found to failure co-operating with the public interest and in trading practices.

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Cryptocurrency Exchanges Has Been Legal In Kazakhstan

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Cryptocurrency exchanges have been legal in Kazakhstan now. Presenting a report for the foremost lawful crypto operation in Kazakhstan, Kassym Jomart Tokayev, the president of Kazakhstan opens the path.

Considering teenage, such digital assets service is legalized in Kazakhstan. Being the first cryptocurrency movement in the Eurasian continent, it will open up new digital ways to make money

To regulate cryptocurrency exchanges, Kazakhstan is allowed under pilot rules under with conditions. To be part of the pilot project, crypto exchanges must have a credit card and banks must apply for membership. According to the report, the crypto regulatory framework was designed following the highest global benchmark, delivering dedicated control of transactions and the safety of customer funds.

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Eurasian Bank reported that it was preparing to purchase a crypto card in Kazakhstan. Once this is done, people of the nation can manage their expenses with a Bitcoin cash card.

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Crypto.com Starts Regulating Stock Market In France

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Crypto.com Now Starts Regulating Stock Market In France

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Crypto.com now gets another regulatory permission from the European government to start a stock market in France. Recently South Korea granted virtual assets service approval for crypto.com. Now it is evolving its liability globally.

Crypto dot com was founded in 2016, in Singapore. This crypto exchange got approval from the stock market regulator department of France.

The crypto firm was recorded as a DASP (Digital Asset Service Provider). Now it can deliver digital products & services that are under local regulations and laws.

In a report, it emphasized that ACPR completely investigated the company to lower the threat of money laundering and terror financing.

Crypto.com claims to have over 50 million users globally and it continues to extend throughout the globe, without caring volatile market situation too much.

Similarly, this crypto exchange was granted to regulate virtual currency and their digital wallet in Italy and Cyprus. It has also got a license in Greece and UK.

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Currently, crypto.com has a regulatory license from the Dubai Virtual Assets Regulatory Authority, The Monetary Authority of Singapore, the Cayman Islands Monetary Authority as well as South Korea. It will soon get full approval in Canada too.

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