Today in Crypto: Shiba Inu is planning Stablecoin

A developer behind SHIB, a popular meme crypto, has teased plans to boost the Shiba Inu ecosystem with a new decentralized stack coin, CoinDesk reported on Wednesday (July 6).

The developer, Shytoshi Kusama, said that the developers made a stable coin called SHI, which allegedly would remove problems from other “moon shots”, which could refer to the Terra / LUNA implosion from earlier this year.

There will also be a rewards token called TREAT and a trading card game for the company’s metaverse. Shiba Inu is the second most popular dog-themed coin after dogecoin.

In other news, the perpetrator behind an attack on Crema Finance, a Solana-based liquidity protocol, returned over $ 8 million in tokens, and kept $ 1.68 million as a “white hat” prize, according to developers, CoinDesk wrote on Thursday (7 July). ).

This is because the protocol had over $ 9 million in cryptocurrencies stolen from its platform following a flash loan attack, which allows traders to borrow unsecured loans by relying on smart contracts instead of third parties.

The exploit saw the attacker create a fake tick account on Crema, citing a dedicated account that stores pristick data in CLMM, according to the developers. CLMM is Crema’s market-creating protocol.

The attackers then exploited a command by typing the data into the fake account and circumventing security measures.

CoinDesk also reported on Thursday that Bitso, a Latin American crypto exchange, has rolled out a crypto transfer service in Colombia.

This service allows individuals and businesses to send and receive digital money, and it is the first such product available for Colombia right now, according to Bitso.

“These transactions are not affected by volatility at all,” said Emilio Pardo, Country Manager for Bitso in Colombia. “The price of the stack coins we use depends on the international foreign exchange market, with parity with the dollar, a major advantage to beat inflation.”

Finally, the creditors come to Mt. Gox, the decommissioned crypto exchange, is now closer to being repaid, according to a letter from the company’s Japanese bankruptcy estate.

According to a Bloomberg report on Thursday, the trustee wants creditors to register online and then say how they want their repayments to come through.

This comes after Mt. Gox, which used to be the largest bitcoin exchange, suspended trading and went offline in February 2014. It had lost around 850,000 bitcoin, valued at $ 500 million at the time.