Shiba Inu’s layer-2 scaling solution, Shibarium, has seen exponential growth over the past day according to recent data. The total number of addresses on the Shibarium network has tripled to 337,000 in just 24 hours. Alongside the flood of new addresses, transaction activity is also skyrocketing. Over 540,000 transactions have
August 30, 2023 1 min read
XRP rallied strongly in July, surging 47.6% on the heels of a favorable court ruling in Ripple’s ongoing legal battle with the SEC. But the winds have now shifted for the fourth-largest cryptocurrency by market capitalization. Despite logging its second-best July price performance on record, Ripple appears on track for
August 29, 2023 2 mins read
The US Internal Revenue Service (IRS) recently unveiled a set of new tax reporting guidelines. Endorsed by President Joe Biden, these rules aim to tighten the noose on tax evasion in the digital asset space. However, the proposal has been met with a mix of skepticism and outright opposition from
August 28, 2023 2 mins read
Over the weekend, the cryptocurrency market witnessed an unexpected twist as Pepe coin took center stage for all the wrong reasons. The coin, known for its meme-inspired origins, found itself embroiled in a scandal involving allegations of massive fund removal by former team members. This incident has not only cast
August 27, 2023 2 mins read
In a significant announcement at the G20 summit, Prime Minister of India, Narendra Modi advocated for a global framework to regulate the rapidly evolving cryptocurrency landscape. PM Modi’s proposal emphasizes the need for a unified approach that transcends individual national boundaries, echoing the sentiments expressed in a series of tweets
August 27, 2023 2 mins read
An anonymous cryptocurrency whale recently made a series of large purchases totaling around $5 million spread across Ethereum and several top DeFi tokens, including Lido, Uniswap, and Aave. The whale acquired the assets at prices largely in line with current market rates, buying 557 ETH at $1,676 each, 593,139 LDO
August 24, 2023 1 min read
Cryptocurrency exchange Binance recently announced it will modify its popular zero-fee Bitcoin trading program, ending free BTC/TUSD trades starting September 7th. While zero fees remain for BTC/FDUSD, Binance is discontinuing the incentive for one of its largest BTC pairs. In March, when Binance halted zero-fee BTC/BUSD trades in favor of
August 24, 2023 1 min read
The XRP Ledger (XRPL), the underlying blockchain behind the XRP cryptocurrency, has now closed over 82 million total ledgers. According to tracker XRPL Services, the exact ledger index recently reached 82,043,421, crossing another major milestone. This comes just over a month after XRPL closed its 81 millionth ledger. The continuous
August 23, 2023 1 min read
The meme-inspired cryptocurrency Shiba Inu (SHIB) continues to see its community of holders grow, even as developers work to relaunch the troubled Shibarium layer-2 network. According to analytics site CryptEye, the number of SHIB holders has increased by nearly 1,000 in the past 24 hours. The current total sits at
August 23, 2023 1 min read
Cryptocurrency hardware provider Tangem recently announced the manufacture of new cold wallets featuring the popular meme coin Shiba Inu. The company stated on X that the latest batch is now available for purchase after an initial 5,000 unit sale this past July. Tangem’s SHIB wallets operate by allowing users to
August 22, 2023 1 min read