Bitcoin, Ethereum and Shiba Inu – European Wrap 16 January

Binance CEO Changpeng Zhao informed his 8.1 million followers on Twitter that the exchange collaborated with Huobi to thwart Harmony One hacker’s recent move. The security teams of the exchanges worked together to help recover $2.6 million worth of BTC from the $100 million hack in June 2022. 

Ethereum staking, which involves locking ETH tokens in a deposit contract and earning the opportunity of validating transactions and yielding the altcoin as a reward, has increased ahead of a major event for the altcoin: the Shanghai hard fork, which could happen in March 2023. 

Shiba Inu, the second largest meme coin in the crypto ecosystem, dropped details of the upcoming launch of layer-2 scaling solution Shibarium. Three Shiba Inu ecosystem tokens: SHIB, BONE and LEASH will derive utility from the scaling solution.

SHIB/USDT price chart