Shibarium, the layer-2 scaling solution for Shiba Inu, has announced a hard fork launch scheduled for August 9. This upgrade includes the introduction of a burn mechanism to enhance the ecosystem and make significant progress in transaction speed, scalability, and cost reduction. The latest upgrade to Shibarium includes the implementation of the Bor version, a
Crypto
Grayscale Research recently shared an optimistic perspective on the future of Bitcoin, suggesting that the cryptocurrency might reach its all-time high again later this year. This positive outlook is contingent upon the U.S. economy avoiding a recession. The firm expressed confidence in the U.S. economy’s ability to achieve a “soft landing,” which could have a
Bitcoin’s price has been on a rollercoaster ride lately, experiencing a market-wide crash that saw its value plummet from over $66,000 to a low of $49,500 in just a few days. However, the digital asset quickly bounced back, regaining momentum and surpassing $60,000 once again. While Bitcoin led the recovery, Ethereum emerged as a standout
Metaplanet, a Japanese investment firm, recently decided to take on a $6.8 million loan from one of its shareholders, MMXX Ventures, in order to increase its Bitcoin holdings. This move is part of a larger strategy to invest in Bitcoin, with $58 million already earmarked for such investments. The decision to take on this loan
In recent news, the emergence of advocacy groups such as “Crypto for Harris” has taken the political landscape by storm. These groups are aiming to influence the upcoming presidential election by promoting cryptocurrencies and blockchain technology through fundraising initiatives and virtual town hall meetings. Notable figures such as Mark Cuban and Anthony Scaramucci have thrown
Brazil’s Securities and Exchange Commission (CVM) has recently made headlines by approving the country’s first Solana-based exchange-traded fund (ETF). This approval, which was granted on August 7, marks a significant milestone for Brazil and positions the country ahead of others in the global market. The ETF, created by QR Asset and managed by Vortx, is
XRP has recently shown a significant decoupling from the broader crypto market, showcasing impressive gains in the face of overall market struggles. The digital asset experienced a notable price surge of nearly 20% in the past day, reaching a high of $0.64 before retracing slightly to $0.61. This surge has resulted in XRP posting a
In a landmark decision, United States District Judge Peter Castel has officially approved a $12.7 billion settlement between the bankrupt cryptocurrency exchange FTX and its affiliate Alameda Research. The settlement, part of an agreement with the United States Commodity Futures Trading Commission (CFTC), marks the end of a lengthy 20-month lawsuit initiated by the regulatory
The Benzinga crypto analyst Armando Pantoja recently made a bold prediction that the price of Shiba Inu will reach $0.001. This forecast has generated excitement among investors, especially those who are holding onto SHIB tokens. However, it is important to note that the crypto market is highly volatile and unpredictable. While Shiba Inu has seen
Recently, Nexera, a decentralized finance (DeFi) protocol, fell victim to a smart contract security breach resulting in the loss of $1.5 million worth of NXRA tokens. This breach had a significant impact on the value of the protocol’s native token, causing it to plummet by over 40%. The Cybersecurity Firm Alert The exploit was first
