Tue, September 29

Shiba Inu Burn Rate Jumps Over 800% as Whales Move Billions of SHIB

The past 24 hours saw exponential growth in burning activity for popular meme coin Shiba Inu (SHIB), alongside several mammoth token transfers from mysterious crypto whales. According to data analytics platform Shibburn, over 10.3 million SHIB tokens were destroyed in the last day, catapulting the current burn rate up a

December 7, 2023 2 mins read

Do Kwon Appeals Extradition Order of Montenegro High Court

The founder of Terraform Labs, Do Kwon, has recently appealed the extradition order made by the High Court of Podgorica in Montenegro. On December 6, Do Kwon’s contestation of the verdict was affirmed by the Montenegrin Court of Appeal. Kwon stated:  “I do not accept the court’s decision to extradite

December 7, 2023 1 min read

France’s Societe Generale Launches Euro-pegged EURCV Stablecoin

European financial behemoth Societe Generale, the third-largest bank in France, has introduced its own euro-pegged stablecoin. According to the Financial Times, the EUR CoinVertible (EURCV) stablecoin will make its debut on the Bitstamp cryptocurrency exchange. Bank clients will be able to invest in the digital asset market with EURCV since

December 6, 2023 1 min read

Worldcoin Foundation Launches $5 Million Grant Program

Worldcoin Foundation, a non-profit organization, has unveiled a $5 million community grant program named “Wave0.” This initiative aims to empower developers with the resources to focus on building robust technology and fostering more equitable systems within the Worldcoin ecosystem. The foundation plans to allocate the $5 million funding across three

December 6, 2023 2 mins read

Dogecoin Founder Billy Markus Reveals Bitcoin Holdings

Billy Markus, co-founder of the widely popular Dogecoin, has taken to Twitter to reveal details about his Bitcoin holdings and the amusing scenario that would transform him into a cryptocurrency millionaire. Markus disclosed that he currently holds 0.0006 BTC in his crypto portfolio. However, in his trademark ironic style, he

December 6, 2023 2 mins read

Italy and South Korea’s Central Banks Collaborate on CBDC Exploration

Italian central bank Banca d’Italia and South Korean central bank Bank of Korea have entered into a memorandum of understanding (MoU) pertaining to information technology (IT) and payment systems via official channels on December 5. The Italian central bank has said that the MOU has provisions for the “mutual sharing

December 5, 2023 1 min read

Dogecoin Co-Founder Exposes Startling Island Acquisition Plan by SBF

In a surprising revelation on X, Billy Markus, co-founder of Dogecoin, sheds light on the ambitious island acquisition plan of Sam Bankman-Fried, the now-bankrupt creator of the FTX cryptocurrency exchange. The plan, aimed at securing a future amidst apocalyptic scenarios, has sparked both curiosity and ethical concerns within the crypto

December 5, 2023 2 mins read

Shibarium Transactions Explode to 29 Million Amid Shiba Inu Price Surge

The recent double-digit Bitcoin price spike has lifted sentiment across cryptocurrencies, with altcoin transactions and values rising in tandem. Shibarium, the layer-2 scaling solution of meme token Shiba Inu, has tracked closely with the broader resurgence. Data from monitoring resource Shibarium Scan reveals the protocol handled a staggering 7.84 million

December 4, 2023 2 mins read

Tether CEO Unveils Future Plans and Diversification Strategies

From his role as CTO to that of chief executive officer (CEO) of Tether, Paolo Ardoino made the jump on December 1. At a time when the firm is placing a premium on diversity and development, his hiring was meticulously plotted out. Ardoino expects that Tether’s primary business will generate

December 2, 2023 2 mins read

Singapore High Court Rejects Do Kwon’s Lawsuit Dismissal Plea

The founder of Terraform Labs, Do Kwon, and the company itself might be the targets of a class action lawsuit in Singapore after the High Court’s rejection of a motion to dismiss the case, according to Business Times’ report. Terraform’s legal team sought to have the case transferred to arbitration

December 1, 2023 2 mins read