The L1 Terra Classic Task Force (L1TF) has released an update on the status of the chain’s core upgrade to version v2.2.0. After a week of testing on the rebels-2 testnet, the update should go live on the mainnet in early September. Developer Vinh Nguyen of the L1 Terra Classic
August 22, 2023 2 mins read
On Tuesday, Shibarium’s primary developer, Shytoshi Kusama, said that the Shibarium was nearing completion of a public reopening. After experiencing extreme blockchain traffic, Shibarium entered a fail-safe mode for testing and adjusting settings. To avoid block creation and other problems, the Shibarium team is increasing the chain’s size by 1500%.
August 22, 2023 1 min read
During the recent bloodbath, almost all cryptocurrencies including Ethereum (ETH) performed terribly. However, declining trade volumes of ETH over the weekend indicate a temporary lull in the selling frenzy. On the other hand, a well-known crypto analyst with the Twitter handle Ali_Charts, predicts a rather muted price trend for Ethereum
August 21, 2023 2 mins read
When asked about the potential of Dogecoin switching to a proof-of-stake (PoS) mechanism, a major contributor and developer Mishaboar hinted at maybe moving away from the project. When asked whether he would stake Dogecoin if given the opportunity, he revealed this information. The developer is skeptical of a PoS switch
August 21, 2023 1 min read
Today, Shiba Inu’s primary developer Shytoshi Kusama released a second update on the condition and scalability of the Shibarium network. After extensive internal testing, Shytoshi Kusama offers his thoughts on getting the Layer-2 chain ready for high volumes of traffic, scalability, and decentralization. After the network saw huge traffic after
August 19, 2023 1 min read
Algorand (ALGO) hit a new all-time low of $0.09 yesterday, reflecting a general negative trend in the market according to statistics from CMC. Since breaking below the previous set level in June, the ALGO price has been trying to find a new support level. The token’s value, however, hit a
August 19, 2023 2 mins read
The price of Ethereum (ETH) fell by 7.6 percent as the market suffered a sudden downturn, with most of the decline occurring in a short span. On Friday morning, most of the cryptocurrencies continued their terrible performances. According to statistics from Coinglass, the previous 12 hours saw one of the
August 18, 2023 2 mins read
A federal court yesterday ruled against a motion filed by Coinbase and other crypto industry titans arguing that US Treasury sanctions against crypto mixer Tornado Cash went too far. Six plaintiffs, including two Coinbase personnel, had their motions for summary judgment denied by Judge Robert Pitman of the US District
August 18, 2023 2 mins read
Bloomberg’s senior ETF analyst Eric Balchunas said that on October 12, 2023, Volatility Shares will introduce the Ether Strategy ETF (Ticker: ETHU). It will be the first exchange-traded fund (ETF) to provide institutional investors in the U.S. with exposure to Ether. However, the US SEC has not yet approved Volatility
August 16, 2023 1 min read
When El Salvador began accepting Bitcoin a few years ago, it drew criticism from prominent financial institutions. However, Bonds issued by the government of El Salvador have risen in value recently, and large financial institutions such as JPMorgan, Eaton, and PGIM can no longer afford to ignore this trend. El
August 16, 2023 2 mins read