Hedera, a leading decentralized public network, recently submitted its recommendations and feedback to the U.S. Securities and Exchange Commission (SEC) regarding the proposed amendments to Exchange Act Rule 3b-16. These amendments aim to redefine the term “exchange” and carry potential unintended consequences for the emerging Web3 and distributed ledger technology
July 10, 2023 2 mins read
Litecoin (LTC) is currently experiencing price fluctuations. Over the past 24 hours, the digital currency has seen a decrease of 2.2%, trading at $98.14. Despite the recent volatility, Litecoin has demonstrated growth of 17% on the weekly chart. The broader cryptocurrency market has witnessed a mix of positive and negative
July 6, 2023 1 min read
Shibarium, an upcoming project associated with the SHIB token, has announced the development of a new burning mechanism that aims to burn a significant number of SHIB tokens. Shytoshi Kusama, the lead developer of SHIB, has confirmed that the launch of the project has been scheduled and is not subject
July 6, 2023 1 min read
Despite the recent surge in Ethereum (ETH) prices, network activity on the blockchain has not experienced a significant boost, according to a recent report by Glassnode. The report highlights that gas prices, which serve as a measure of blockspace demand, have remained relatively low despite the price rally. Ethereum Prices
July 5, 2023 2 mins read
Binance, a prominent cryptocurrency exchange, has announced the temporary suspension of support for eight Multichain-bridged (MULTI) tokens starting from July 7. The decision is a result of issues encountered with certain cross-chain routes within the protocol. According to an update shared on July 5, Binance users will be unable to
July 5, 2023 1 min read
Recent analysis of the Shiba Inu network has revealed a significant downturn in the rate of token burning, even during a relatively calm weekend trading period. The burn rate of SHIB has witnessed a considerable drop, dropping by over -79.%. Token burning involves deliberately removing tokens from circulation, thereby reducing
July 5, 2023 1 min read
IntoTheBlock, an on-chain data vendor, recently shared intriguing information about Litecoin (LTC), often referred to as “digital silver.” According to their findings, leading up to the upcoming halving event, a portion of Litecoin wallets has held approximately 13% of the circulating LTC supply without any movement for a span of
July 4, 2023 1 min read
ShibArmy Scam Alerts, a Twitter account dedicated to exposing scams and protecting Shiba Inu users, has informed the SHIB community about potential scams involving SHIB 2.0. In a recent tweet, @susbarium cautioned the SHIB community about tokens originating from addresses claiming to be associated with SHIB 2.0. The community was
July 4, 2023 1 min read
Floki Inu (FLOKI), a notable meme coin in terms of market capitalization, has recently formed a strategic partnership with Binance, which is recognized as the largest cryptocurrency exchange worldwide. The primary objective of this collaboration is to promote the adoption of Floki Inu through an organized marketing campaign utilizing Binance
July 3, 2023 1 min read
According to a recent report by on-chain data aggregator Glassnode, smaller Bitcoin wallets, often referred to as “shrimps,” have been actively accumulating Bitcoin in significant amounts. The report highlights that these shrimps, holding less than 1 BTC, have purchased over 33,400 Bitcoins on a monthly basis. The data further indicates
July 3, 2023 1 min read