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
The Securities and Exchange Commission of Thailand (SEC Thailand) recently announced the launch of a Digital Asset Regulatory Sandbox, aimed at fostering innovation and development within the digital asset sector. This initiative provides a structured environment where businesses can test and refine their services related to digital assets while operating within a regulated framework. One
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
Coinbase, one of the leading cryptocurrency exchanges, has raised objections to the US Commodities Futures Trading Commission’s (CFTC) proposal to regulate prediction markets. The Chief Legal Officer of Coinbase, Paul Grewal, criticized the proposal for its vague definition of “gaming” and its blanket statement that “gaming” contracts are against the public interest. According to Coinbase,
The recent warning issued by OKX CEO Star Xu regarding the risks associated with interacting with the sanctioned crypto mixer Tornado Cash raises important concerns for users. Xu emphasized that deposits or withdrawals involving sanctioned entities could lead to compliance risks and potential account suspension on the exchange. Xu reiterated OKX’s commitment to adhering to
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
Samuel Edyme, also known as HIM-buktu, is not your typical web3 content writer. His journey into the crypto universe did not start with a triumphant investment, but rather with a scam that roped him in. Instead of being discouraged, he used this experience to become a voice of reason in the crypto space, providing insightful
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
Immutable, a key player in the realm of NFTs and blockchain gaming, has recently announced the decision to close its NFT marketplace. This decision falls in line with the company’s strategy of bolstering its network by extending support to other marketplaces within its ecosystem. The shutdown of Immutable Marketplace is scheduled to take effect on
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
