Shiba Inu lead developer Shytoshi Kusama released a statement on Thursday, August 17, addressing the reported technical difficulty of the Shibarium bridge to the Ethereum network.  On Wednesday, the Shiba Inu team finally launched the mainnet of the much-anticipated Ethereum layer 2 solution. However, a few hours after launch, reports stated that the Shibarium bridge, designed to […]

On Thursday, FTX and Genesis announced a settlement agreement worth $175 million, effectively resolving a $4 billion claim. The deal, which awaits final documentation, aims to facilitate the confirmation of Genesis’ bankruptcy plan and bring stability to the ongoing Chapter 11 proceedings. In response to Genesis’ earlier communication on July 27, FTX’s legal team issued […]

A spot Bitcoin ETF (Exchange Traded Fund) might be imminent in the United States, as a new job offer from Grayscale suggested. The US Securities and Exchange Commission (SEC) was expected to issue a decision yesterday, but none has been announced. Related Reading: SEC Delays Ruling On Grayscale’s Bitcoin ETF Application: Will the Decision Arrive […]

Singapore’s police department has revealed a mammoth bust involving a potential money laundering case valued at approximately $735 million, a significant portion of which encompasses cryptocurrencies. This latest bust comes amid financial hubs across the globe racing to regulate the burgeoning crypto sector. Deep Dive Into The Crackdown While crypto has been lauded for its potential […]

For years, investors have been eagerly awaiting a Spot Bitcoin ETF to gain institutional and mainstream exposure to the digital asset. Several applications have already been rejected by the SEC citing concerns over the nascent market being too risky for investors. However, the applications have gained momentum in recent months, with many now expecting a […]

The rise of the crypto HarryPotterObamaSonic10Inu has captured the attention of both investors and analysts. Starting out in May at a mere $0.00095, the token now trades with an astonishing value of $0.173, showcasing an impressive surge of more than 16,400%. This meteoric rise has sent shockwaves through the crypto sphere, raising questions about the […]

Data shows the crypto futures market has seen liquidations of more than $150 million today as Bitcoin and other assets have observed a plummet. Crypto Futures Liquidations In Past 24 Hours Have Reached $153 Million The crypto market has observed some significant volatility during the past day, as many assets including Bitcoin have taken a […]

The global rise of crypto has opened new opportunities for innovation, investment, and unfortunately, cybercrime. As the decentralized world grapples with the consequences of its rapid growth, another shadowy figure emerges on the horizon. North Korea, an enigmatic nation, has since been suspected of orchestrating extensive cyber heists, primarily focusing on the digital asset sector. […]

A new revelation threatens to cast a shadow over the US Securities and Exchange Commission’s (SEC) handling of Bitcoin spot ETF applications, which are currently up for decision. The central question emerges: Is SEC chair Gary Gensler sharing an undisclosed affiliation with an organization opposing the spot Bitcoin ETF? Castle Island Ventures General Partner Matt […]

Following the collapse of hedge fund company Three Arrows Capital (3AC), its founders, Kyle Davies and Su Zhu, went on to set up the OPNX exchange. However, recent development suggests that this new company may already be facing some challenges.  Dubai Regulators Come For OPNX Dubai’s virtual assets regulator VARA (Virtual Assets Regulatory Authority), has […]

Anatoly Yakovenko, co-founder of Solana, has raised significant concerns about the long-term sustainability of the burgeoning layer-2 chains that are primarily integrated within the Ethereum ecosystem. Yakovenko, a visionary in the blockchain domain, suggests that these solutions might inadvertently hinder scalability and user experience, attributing it to the complexity brought about by fragmentation. Layer-2 chains, […]

The launch of the Layer 2 network Shibarium was tipped as a catalyst that could spark an upward trend for the Shiba Inu token. However, less than 24 hours after launch, a certain bridging issue looks to have had an undesirable impact on SHIB’s price. Shibarium’s Launch Shibarium officially launched on August 16, following so […]

The Bitcoin price witnessed a 2.8% dip today, hitting a fresh local low at $28,353. Earlier, BTC was trading above $29,100 before the bears took control and pushed the price down by over $700. At press time, BTC saw a slight recovery. Nevertheless, the BTC price is now at an important inflection point. According to […]

The legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) is further unfolding as the latter’s pursuit of an interlocutory appeal becomes a critical nexus of contention. Ripple has filed it’s opposition to the SEC’s anticipated motion for leave to file an interlocutory appeal yesterday. Chief Legal Officer (CLO) Stuart Alderoty […]

According to a Reuters report, payment firm Paypal has announced that it will stop purchasing cryptocurrencies on its platform for UK customers starting in October.  PayPal Set To Comply With UK Regulations In an email sent to its customers on Tuesday, PayPal stated that it would “temporarily pause” the ability to buy cryptocurrencies from October […]