Husky Inu (HINU) Prices Soar to $0.00019805 as Qubic Poses Threat to Memecoin Market

Husky Inu (HINU) Prices Soar to $0.00019805 as Qubic Poses Threat to Memecoin Market

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Husky Inu (HINU) registered the latest price jump of its pre-launch phase over the weekend, rising from $0.00019748 to $0.00019805. The next price increase will see the token’s value rise to $0.00019863. The project’s regular price increases are part of its pre-launch phase, which began on April 1.

Meanwhile, the larger memecoin ecosystem faces a threat from the Qubic community, which voted to target Dogecoin (DOGE), the largest and most popular memecoin, after a 51% attack on Monero.

Husky Inu (HINU) Rises To $0.00019805

Husky Inu (HINU) registered the latest price jump of its pre-launch phase over the weekend, rising from $0.00019748 to $0.00018905. The project’s pre-launch phase began on April 1 and aims to empower the Husky Inu community and continue its fundraising efforts as its launch date draws closer. The pre-launch phase is the next step in the project’s roadmap, allowing it to raise capital to fund platform improvements, ongoing developments, marketing initiatives, and broader ecosystem expansion.

The project adopted a dynamic pricing strategy during the pre-launch phase, allowing it to raise the HINU token’s value every two days. This has been instrumental in the project’s fundraising efforts, helping it cross key fundraising milestones. It has also helped Husky Inu raise funds while maintaining a favorable price for its fledgling community, rewarding early adopters of the project while promoting transparent growth.

Fundraising Milestone

Husky Inu (HINU) is also closing in on its latest fundraising milestone. The project has raised $880,154 so far, and is set to reach the $900,000 milestone before the end of the month. Thanks to its dynamic pricing strategy, Husky Inu crossed the $750,000 milestone on May 16 and the $800,000 milestone on June 15. The project reached its latest milestone in record time, crossing $850,000 on July 25.

Is Qubic A Threat To The Memecoin Ecosystem?

Meanwhile, the memecoin ecosystem is facing a threat from the Qubic community. Qubic is an AI-focused blockchain responsible for the 51% attack on the Monero privacy network. The community has voted to target Dogecoin (DOGE) next. Qubic founder Sergey Ivancheglo gave the community several targets, including DOGE, Kaspa, Zcash, and any other blockchain named by the community. DOGE received over 300 votes from the community by the time the vote was concluded, more than all other choices combined.

Visit the following links for more information on Husky Inu:

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto Price Analysis for August 18: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Chainlink (LINK), Filecoin (FIL)

Crypto Price Analysis for August 18: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Chainlink (LINK), Filecoin (FIL)

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The crypto market has registered a substantial decline over the past 24 hours, as Bitcoin (BTC) and other cryptocurrencies plummeted in value. BTC traded above $118,000 on Sunday but lost momentum early on Monday, plunging to an intraday low of $115,179 as selling pressure overwhelmed buyers. The flagship cryptocurrency has made a marginal recovery, moving to $115,528, but remains down by over 2%.

Meanwhile, Ethereum’s (ETH) decline has been far more dramatic, with the altcoin down nearly 5% over the past 24 hours. The world’s second-largest cryptocurrency traded above $4,500 over the weekend before dropping below $4,300 to its current level of $4,261. Ripple (XRP) is down 4.99%, while Dogecoin (DOGE) is down 4.67%, trading around $0.222. Solana (SOL) has also declined substantially over the past 24 hours, down nearly 6%, trading around $181. Cardano (ADA), Stellar (XLM), Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) also registered substantial declines. However, Chainlink (LINK) bucked the bearish trend and is up nearly 2%, trading around $24.50.

Thailand Plans To Launch Crypto Payment Sandbox Aimed At Tourists

Thailand is planning a countrywide regulatory sandbox to allow tourists to convert their crypto into local fiat currency in a bid to boost tourism. The new scheme, called TouristDigiPay, is expected to go live on Monday and will allow tourists to convert their crypto into Thai baht and make electronic payments through local e-money providers. The service is available only for tourists, who must complete Know Your Customer (KYC) checks and open an account with a digital asset business and e-money provider regulated by the Bank of Thailand and its Securities and Exchange Commission.

The scheme has several safeguards in place, including a monthly spending limit and a block on cash withdrawals. However, full details about the scheme will be released by Deputy Prime Minister and Finance Minister Pichai Chunhavajira. The scheme aims to revive the country’s tourism industry after a decline in foreign visitors, particularly from China.

Is Lazarus Behind The $23M Lykke Hack?

North Korea’s notorious Lazarus Group has been blamed for a $22.8 million hack that crippled UK-registered exchange Lykke. The hack resulted in the shutdown of the exchange and triggered a wave of investor lawsuits. The British Treasury’s sanctions office linked the hackers to the hack and theft of Bitcoin (BTC), Ethereum (ETH), and other assets from the platform. The collapse is the latest in a long line of hacks that have netted Pyongyang billions to continue its weapons programs and evade Western sanctions. It also leaves Lykke’s founder, Richard Olsen, facing bankruptcy, liquidation proceedings, and legal scrutiny.

Olsen is the great-grandson of Swiss banking patriarch Julius Baer and founded Lykke in 2015. The exchange offered crypto trading without transaction fees, before the hack forced it to shut down operations.

Kraken Pauses Monero Deposits Following 51% Attack

Cryptocurrency exchange Kraken has temporarily paused Monero deposits after a 51% attack against the privacy-focused blockchain, compromising the network’s security. A 51% attack occurs when a single mining pool to make this article unique but mean the same thing as the original