Bullish for Shiba Inu (SHIB) and Dogecoin (DOGE)? This main guard goes up

TL; DR

Bakkt Relaunches Control: Bakkt has relaunched its security platform with new features such as distributed wallets, enhanced security options and advanced reporting. Pay attention to security and regulatory compliance: Gavin Michael, CEO of Bakkt, emphasized the importance of secure, competent crypto protection and adaptation to regulatory changes. Expanding with Memecoins: Bakkt added popular memecoins, including Shiba Inu (SHIB) and Dogecoin (DOGE), which have recently experienced significant price increases.

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Bakkt is relaunching its security platform

Cryptocurrency exchange – Bakkt – has announced the relaunch of its Bakkt Custody platform, offering additional services to customers. Specifically, the new feature “offers multiple on-chain wallet addresses, allows customers to configure security procedures within the app, and provides access to advanced reporting features.” He reads..

Bakkt President and CEO Gavin Michaels said of the move that he believes the dire events in the digital asset sector over the past year are “why proper crypto stewardship is so important.”

“Bakkt prides itself on being a provider that never mixes funds and always puts our customers' safety first. With security as our core anchor product, our team is working diligently to enhance our platform with infrastructure built to withstand the changing regulatory environment.

We look forward to many future developments as we continue to invest and release advanced features,” he added.

The organization plans to add six more cryptocurrencies to its revamped security platform, including the biggest memecoins by market capitalization – Shiba Inu (SHIB) and Dogecoin (DOGE).

“These additional assets will allow us to serve customers who want more liquidity between platforms. We are excited to expand our offering on a secure and regulator-first basis,” argued Michael.

How are SHIB and DOGE doing?

Both memecoins followed the recent green wave in the crypto sector, with SHIB's price up 6% in the last 24 hours and 25% in the last month. Meanwhile, DOGE jumped 32% on a 30-day basis.

The emergence of the Shiba Inu can be attributed to the rapid growth of Shibarium and some partnerships between the memecoin project and famous individuals. as a Cryptopotato reported On November 15, Shiba Inu shook hands with boxing legend Manny Pacquiao.

Speaking of Shibarium, it is worth mentioning some of the major events that the layer-2 blockchain solution has recently achieved. The total number of blocks on the network It has passed 1.5 million, total transactions are close to 4 million. Those interested in learning more about Shibarium can watch the video below: