Shibarium, a layer-2 blockchain solution on the Ethereum network, has achieved significant milestones in its first year of operation. With over 418 million transactions processed, the network has implemented key upgrades, including hard forks, to enhance its performance and user experience. However, recent data suggests a slowdown in transaction activity and progress. The network’s primary
Crypto
Recent reports indicate that German authorities seized nearly 250,000 euros ($279,000) in cash and 13 crypto ATMs during a nationwide crackdown. This operation, spearheaded by the Federal Financial Supervisory Authority (BaFin), aimed to strengthen regulatory oversight in the country’s rapidly expanding cryptocurrency sector. The crackdown, which took place on August 20, targeted 35 locations where
Bitcoin’s price surge to $65,000 after a period of sideways trading can be attributed to various factors, with one of the key reasons being the actions of the US Federal Reserve. Over the past few years, Bitcoin’s relationship with the economic policies of the US central bank has been evident, especially following the changes in
A recent report by Coinbase suggests that young, pro-crypto voters could play a crucial role in shaping the outcome of the 2024 US presidential elections. The exchange highlights the fact that Generation Z and Millennials, who now make up 40% of the electorate, are increasingly backing candidates who advocate for cryptocurrency and financial innovation. According
The current state of the Bitcoin market suggests a lack of demand growth, which is a crucial factor in driving price recoveries and rallies. Historical data has shown that high Bitcoin demand often precedes significant price movements; however, the situation at present is quite different. Recent data from CryptoQuant indicates that Bitcoin demand has slowed
Ripple recently announced its plans to introduce a stablecoin called Ripple USD (RLUSD) on the XRP Ledger and Ethereum. This move is aimed at bridging the gap between traditional finance and the world of cryptocurrencies. The stablecoin is expected to provide deep liquidity for major trading pairs on centralized exchanges, allowing users to transact globally
Binance, the world’s leading cryptocurrency exchange, has announced that it will temporarily suspend deposits and withdrawals for The Open Network (TON) on August 26. This maintenance activity is expected to last for about two hours, after which all services will be resumed. While this may cause inconvenience for users looking to transact with TON during
One crucial aspect to keep an eye on when it comes to Bitcoin’s price performance over the weekend is market volume and liquidity. Traditionally, weekends see lower trading volume compared to weekdays, which can lead to more significant price movements. With less liquidity in the market, it becomes easier for traders to influence price action
Former Binance CEO Changpeng ‘CZ’ Zhao has been transferred from FCI Lompoc II to the RRM Long Beach halfway house in California, sparking confusion among users who mistakenly believed he had been released. Despite the change in his location, CZ remains incarcerated. The RRM Long Beach facility, categorized as a ‘residential reentry management (RRM) field
Pi Network, a crypto project introduced in 2019, has gained attention for its unique approach to mining and earning digital assets on mobile devices. The project aims to be energy-efficient by utilizing the Stellar Consensus Protocol (SCP) developed by the Stellar Development Foundation. This sets it apart from traditional Proof-of-Work (PoW) systems that are known