Shibarium, the layer-2 scaling solution for Shiba Inu, has been making significant strides in improving transaction speed, scalability, and reducing costs within the Shiba Inu ecosystem. The latest development includes the announcement of a hard fork launch on August 9, introducing a burn mechanism to enhance the ecosystem. The Bor layer is a vital component
Crypto
Grayscale Research has recently provided an optimistic outlook for Bitcoin, suggesting that the cryptocurrency may reach its all-time high later this year. This positive forecast is contingent upon the U.S. economy avoiding a recession. The recent period of stabilization in both the crypto assets and broader financial markets has provided a glimmer of hope amidst
In recent days, Bitcoin has seen a remarkable price recovery, surpassing $60,000 and nearing $63,000 for the first time since the weekend. This comes after a market-wide crash that occurred at the end of last week and especially on Monday, causing Bitcoin’s price to plummet from over $66,000 to a six-month low of $49,500. However,
Metaplanet, a Japanese investment firm, recently secured a $6.8 million loan from MMXX Ventures to increase its Bitcoin holdings. This move is part of the company’s larger strategy to raise $70 million through a stock rights offering, with a significant portion earmarked for Bitcoin investments. The decision to allocate a substantial amount towards Bitcoin comes
In a recent report by Fox Business, it was revealed that a new advocacy group known as “Crypto for Harris” has been launched with the goal of countering Donald Trump’s influence in the industry. The group is set to hold a virtual town hall meeting in the upcoming week to show their support for the
Brazil’s Securities and Exchange Commission (CVM) recently made headlines by approving the country’s first Solana-based exchange-traded fund (ETF). This approval has positioned Brazil ahead of other countries, such as the United States, in the realm of crypto investments. The ETF, created by QR Asset and managed by Vortx, is currently in the preparatory stage awaiting
XRP has recently shown significant strength in the crypto market, outperforming other major assets with a notable price increase of nearly 20% in just one day. While other cryptocurrencies have been struggling, XRP has managed to reach $0.64 before slightly retracing to $0.61. This surge has led to a monthly gain of 42%, showcasing a
In a recent development, United States District Judge Peter Castel has finalized a $12.7 billion settlement requiring the bankrupt cryptocurrency exchange FTX and its sister company Alameda Research to compensate the creditors of FTX. This settlement is the result of a lawsuit filed by the United States Commodity Futures Trading Commission (CFTC) that lasted for
Investing in the cryptocurrency market can be a rollercoaster ride of extreme highs and lows. While some assets like Shiba Inu may see astronomical gains, the reality is that most crypto assets tend to deliver diminishing returns with each parabolic price rally. It is important to remember that past performance is not a guarantee of
The DeFi protocol Nexera recently found itself at the center of a security breach, leading to the theft of $1.5 million worth of NXRA tokens. This incident not only resulted in a substantial financial loss but also caused the value of Nexera’s native token to plummet by over 40%. The breach was first detected on
