After considerable buildup, Shiba Inu’s principal developer Shytoshi Kusama finally revealed that the beta test for Shibarium has gone live. A huge, worldwide, and decentralized community, the developer argued, required a decentralized layer 2 network. Introducing the Shibarium Early Public Beta! Find out about it, see the #shibthemetaverse WAGMI Temple
March 12, 2023 2 mins read
The Silicon Valley Bank (SVB) Financial Group was closed by California regulators on March 10. Earlier this week, SVB announced its collapse after experiencing a bank run, making it the second such bank to do so in a week following Silvergate Capital. In light of recent events, Twitter user Min-Liang
March 11, 2023 1 min read
The price of USD Coin (USDC) dropped below the $1 mark almost instantly after its issuer, Circle, said that it has been unable to withdraw $3.3 billion of its $40 billion from Silicon Valley Bank (SVB). When SVB, a bank insured by the Federal Deposit Insurance Corporation, announced on March
March 11, 2023 1 min read
NakaDollar (NUSD) is a proposed new stablecoin backed by bitcoin (BTC) and bitcoin derivatives. It has been suggested by Arthur Hayes, co-founder of cryptocurrency derivative trading platform BitMEX. Moreover, Hayes said in a blog post that the creation of NUSD would be different. Especially from the creation of other stablecoins.
March 10, 2023 2 mins read
U.S. President Joe Biden unveiled his proposed yearly budget recently. The president laid forth his plans for the next year. The proposal mentioned cryptocurrency mining in the context of the digital asset sector. In particular, Biden has proposed a 30% tax on all power used to mine Bitcoin and other
March 10, 2023 1 min read
Former crypto billionaire Sam Bankman-Fried’s legal team requested a postponement of his October 2 criminal trial. This is according to court documents filed on March 8. According to Reuters, their argument was that it may take longer than anticipated to analyze the facts and prepare a defense. The attorneys wrote
March 9, 2023 2 mins read
Polygon has been added as a supported blockchain by Binance NFT, the NFT division of the cryptocurrency exchange Binance. This step, according to the release, would help the Binance community’s NFT ecosystem grow even further. Users of the Binance NFT marketplace may now use their Binance accounts to trade NFTs
March 9, 2023 2 mins read
With the lure of a $97,000 Ether reward, the hacker responsible for the vulnerability on the decentralized lending platform Tender.fi has returned the stolen assets. At 10:28 am UTC on March 7, an exploit was carried out, and Tender.fi confirmed the event on Twitter shortly afterward, saying that there had
March 8, 2023 1 min read
After much debate over the last week, Binance.US has been given permission to purchase the assets of defunct crypto lender Voyager Digital. Bankruptcy Judge Michael Wiles of the Southern District of New York dismissed all the objections and approved the transaction on Tuesday, March 7. Voyager will sell Binance the
March 8, 2023 2 mins read
A number of crypto winters have come and gone, but none have been as severe as the one in 2022. There were widespread asset price declines, corporate closures, hacking, and layoffs. Even though we’ve started a whole New Year, the firing frenzy has continued unabated. Bloomberg reported recently that Meta
March 7, 2023 2 mins read