In less than a year since its official launch, Shibarium, the layer-2 blockchain solution for Shiba Inu, has achieved an impressive milestone of processing over 6 million blocks. This recent achievement signifies a significant resurgence in activity within the network, with various metrics showing positive growth trends. Active accounts on Shibarium spiked from 253 to
Crypto
The recent proposal by Republican Senator Lummis to create a strategic Bitcoin reserve for the United States has sparked debate and controversy. While the idea of diversifying into Bitcoin may seem innovative, it raises several concerns and challenges that need to be addressed. On one hand, establishing a Bitcoin reserve could potentially fortify the dollar’s
Wong Ching-kit, a native of Hong Kong, has recently captured the attention of the International Criminal Police Organization (Interpol) due to his alleged involvement in a series of criminal activities. Popularly known as the “Coin Young Master,” Wong Ching-kit has a tumultuous history marred by brushes with the law. Despite being named Kwan Tsz-kit at
Meme coins have been gaining popularity in the cryptocurrency market, with traders witnessing massive gains within a short period of time. One such example is the Pepe (PEPE) token, which saw an 800% increase in valuation over the past year. However, it is important to note that investing in these volatile assets can be risky
The world of non-fungible tokens (NFTs) and the cryptocurrencies associated with them saw significant growth during the 2021 crypto bull run. However, as interest in the sector has waned, certain coins have shown resilience and continued development. Market intelligence platform Santiment recently compiled a list of the top 10 NFT-related cryptocurrencies based on “notable development
As the upcoming US presidential elections draw near, the spotlight is on contenders such as Donald Trump, Kamala Harris, and Robert Kennedy. Polls indicate that Trump and Harris are the frontrunners, with Kennedy lagging behind with less than 10% support. While Trump’s pro-crypto stance has been noted, Harris’s potential victory could have the opposite effect
Ferrari, the renowned Italian luxury sports car manufacturer, has recently revealed its plans to broaden its cryptocurrency payment system to its network of European dealers starting at the end of July. By the year 2024, the company aims to extend its crypto transaction options to additional countries within its global dealership network where digital currencies
The launch of spot Ethereum ETFs last Tuesday was met with initial enthusiasm, as evidenced by the $106 million in net flows on the first day. However, this optimism quickly dissipated as the following days saw significant outflows totaling $341.8 million. In comparison, spot Bitcoin ETFs had a much more successful start, with inflows totaling
The cryptocurrency industry has faced a series of ups and downs in 2024, with the approval of exchange-traded funds (ETFs) tracking Ethereum’s performance by the US Securities and Exchange Commission being one of the highlights. While the initial enthusiasm surrounding the ETF launch led to substantial inflows, the market quickly turned sour in the following
The CEO of VanEck, Jan van Eck, recently shared his thoughts on Bitcoin during the BTC Conference in the United States. Van Eck emphasized the importance of Bitcoin in the modern financial landscape, stating that over 30% of his portfolio is allocated to this primary digital asset. VanEck is a prominent player in the investment