The Shiba Inu ecosystem has been buzzing with activity, primarily thanks to its layer-2 scaling solution known as Shibarium. As we delve into November 2023, Shibarium has been making waves, garnering attention with an impressive increase in daily transactions and nearly hitting 500 million total transactions as of November 12. This uptick indicates that the
In the wake of the recent US elections, Binance, one of the largest cryptocurrency exchanges globally, reported an extraordinary influx of capital, totaling over $7 billion since November 5. This impressive inflow dwarfed its nearest competitor, OKX, which saw around $1 billion within the same timeframe. The data suggests that the election results and subsequent
Samuel Edyme, known affectionately by his moniker “HIM-buktu,” stands out in the rapidly evolving landscape of web3 journalism. As a web3 content writer and an aspiring trader, Edyme is a versatile figure whose insights are highly sought after in the cryptocurrency sector. With a growing portfolio including contributions to reputable platforms such as AMBCrypto, Blockchain.News,
The realm of gaming is undergoing a notable transformation, driven predominantly by blockchain technology. In just the second quarter of 2024, investments in blockchain gaming soared to an impressive $1.1 billion—marking a staggering 314% increase from the previous quarter and a 17% rise from the same period the year before. This growth trajectory emphasizes the
This past week has proven to be a significant period for the cryptocurrency market, demonstrating startling volatility and excitement among investors. The overall market capitalization climbed to an astonishing $3.1 trillion, capturing the attention of traditional financial analysts and media alike. Among the cacophony of price movements across various digital assets, one cryptocurrency has stolen
In the ever-evolving landscape of cryptocurrency, Bitcoin has once again captured the spotlight as it breaks through previous resistance levels. This movement heralds a promising trajectory towards the remarkable threshold of $320,000. Given the heightened bullish sentiment and investor enthusiasm, it’s essential to delve into the underlying factors propelling this growth and what the future
The cryptocurrency market has recently witnessed a remarkable transformation, with Bitcoin leading the charge in an exhilarating rally that has captivated both seasoned investors and newfound enthusiasts. In a matter of days, Bitcoin ascended to unprecedented heights, briefly hitting the monumental price of $90,000. This week marks a pivotal chapter in Bitcoin’s narrative, showcasing its
In recent discussions regarding the future of monetary systems, Federal Reserve Governor Christopher Waller significantly raised eyebrows with his skepticism about the potential implementation of a Central Bank Digital Currency (CBDC) in the United States. Speaking at The Clearing House Annual Conference 2024 on November 12, Waller posed a critical question: “What market failure or
Ethereum has positioned itself as the second-largest blockchain in terms of market capital, bolstered by a vibrant ecosystem and dedicated community efforts. Recently, the Ethereum Foundation, a non-profit organization that underpins this blockchain, made headlines by selling 100 ETH for 334,315.7 DAI on November 12. This minor transaction marks a significant event because it is
In an era increasingly dominated by blockchain technology and digital currencies, Ripple has unveiled its plans for a new stablecoin called RLUSD, which will be pegged to the US dollar on a 1:1 basis. Announced in April 2023, this initiative positions Ripple to tap into the burgeoning stablecoin market, which is currently valued around $180
