updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131OpenOcean, a DEX aggregator, has announced that it has whitelisted Shiba Inu’s governance token, BONE, ahead of the Shibarium launch. OpenOcean, a DEX and cross-chain swap aggregator provides swap returns with intelligent routes on most chains.
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We’ve already integrated @ShibaSwapDEX and now we’re whitelisting $BONE on https://t.co/GhQ2bbzwot in anticipation of the #Shibarium!
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— OpenOcean – A leading Web3 DEX Aggregator (@OpenOceanGlobal) January 5, 2023
BONE ShibaSwap continues to receive attention as expectations ramp up ahead of the Shibarium launch. BONE remains a top trending item on Twitter at the time of this writing.
Likewise, SafePal, a multi-chain crypto wallet, has announced that BONE support is now available in the iSafePal software wallet.
As reported, the Shibarium official Twitter handle put out a statement reiterating that BONE is and will remain the only token required for gas fees and use when it comes to Shibarium.
It also noted that no other tokens will be necessary to operate within the protocol, emphasizing that Shibarium has been developed for SHIB and not for the sake of other projects. The team says that the Layer 2 solution belongs to the community and will always encompass support for Shiba Inu and its growth.
Given this optimism, the BONE price is up 28% week on week. Although currently trading down 2% in the last 24 hours at $1.05, BONE was a top gainer on Dec. 5 as it shot up more than 16%. With a current market cap of $168 million, BONE has surpassed Terra’s LUNA to sit in the 124th spot in the crypto market ranking.
Ahead of the much anticipated Shibarium beta launch, the Shibarium network, which will eventually become a social information hub for all things related to the Shibarium Layer 2 network and protocol, has continued to gain an enormous Twitter following.
At the time of this writing, the Shibarium Network Twitter account has over 39,200 followers. At the close of 2022, precisely on Dec. 31, the number of followers was about 33,900. This implies that over 6,000 followers were added in less than a week.
Founded back in 2018, Zabo provides developers with an application programming interface (API) to connect to any cryptocurrency exchange, digital wallet, protocol, or account seamlessly.
Coinbase Global Inc (NASDAQ: COIN) stock closed Wednesday trading at $224.36, 6.16% higher than the opening price. However, COIN stock had retracted approximately 1.66% during today’s premarket trading session before gaining 2% when the market opened today. Although several factors contributed to yesterday’s pop, among them is the announcement of the Zabo acquisition. Notably, Coinbase announced the strategic acquisition of Zabo, however, it did not disclose the transaction details. As a result of the acquisition, Zabo’ score team comprising up to 10 members will be joining Coinbase.
“We’ve been lucky to know multiple folks on the Coinbase team for years,” said Christopher Brown, the other co-founder. “We saw that there were amazing opportunities to work together, which led to us officially joining forces.”
Founded back in 2018, Zabo provides developers with an application programming interface (API) to connect to any cryptocurrency exchange, digital wallet, protocol or account seamlessly.
Both companies have a similar objective of bringing the cryptocurrency industry to the mainstream market. However, Coinbase has been working towards widening its revenue collection avenues as competition grows in the crypto industry.
Moreover, its stock market has significantly depreciated since going public during the first half of the year. However, most of its investors remain optimistic in the future growth prospects, including Ark Invest led by Cathy Wood.
The acquisition is strategic as Coinbase seeks to venture into more crypto-related businesses. Furthermore, Zabo has been perfecting its services for the past three years. “Over the last three years, with the help of our amazing team, customers, investors and partners, we succeeded in establishing the Zabo API as the world’s most powerful tool for connecting to any crypto exchange, wallet, protocol or account,” noted Christopher and Alex, Co-Founders at Zabo.
Notably, Zabo raised $2.5 million last year to grow exponentially in the cryptocurrency industry. A year later, the investment has paid off after the acquisition by Coinbase.
Moonshots Capital co-founder and general partner Craig Cummings referred to the Coinbase deal as a huge milestone. On the other hand, he referred to the deal as a successful exit for the Zabo platform.
Coinbase has a reported market valuation of approximately $48.4 billion with 141.79 million outstanding shares. The valuation has given the company a chance to make more acquisitions in the past few months. Notably, the crypto exchange has in the recent past acquired Tagomi, a crypto exchange firm, and Skew among others.
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