Shiba Inu (SHIB), the popular meme coin, has experienced an astounding surge in its burn rate, leading to the removal of a staggering number of tokens from circulation. According to data from Shibburn, the burn rate of SHIB skyrocketed by more than 3,800% on July 10, resulting in the permanent
Arcadia Finance, a protocol for non-custodial decentralized finance (DeFi), was hacked for over $455,000 due to a flaw in the code. The breach on Arcadia Finance was brought to light by blockchain investigator PeckShield. It attributed it to “the lack of untrusted input validation.” It was claimed that the code
The “seizure of multiple Binance P2P-linked bank accounts” sent a shockwave through the Indian crypto community as the country stepped forward to secure the people from scams and fraudulent activities using P2P UPI transactions, following the Rs. 2 lakh (around $2420) fund scam, which is circulated in the chain. The
The meme coins season continues to dominate the cryptocurrency market, with new meme coins every month. The new cryptocurrency called “Wall Street Memes (WSM)” emerged as a recent standout player in the crypto community. In just a month, the community-focused meme coin has raised an impressive $13 million in presale,
Shiba Inu and the highly anticipated Layer-2 Shibarium network have become the center of attention in the cryptocurrency space, with discussions abuzz among industry participants. Shiba Inu’s development team is actively preparing for the introduction of Shibarium, and the tokens like SHIB, BONE, and LEASH from the Shiba Inu ecosystem
The cryptocurrency sphere is experiencing a rapid evolution characterized by ongoing developments and transformative innovations. Arbitrum (ARB), as a layer-2 solution, has emerged as a major player in the ever-changing cryptocurrency landscape. With a current trading price of $1.13, ARB has garnered considerable attention from investors worldwide. As a layer
The Ripple vs SEC legal battle has captured the attention of cryptocurrency enthusiasts worldwide. Also, a pro-XRP lawyer John Deaton recently made some remarks about the ongoing legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC). The XRP lawyer said the outcome of this case could have
It seems that a multi-million dollar exploit was perpetrated on the Multichain bridge on Thursday, July 6. A statement from the Multichain protocol said that they will be temporarily pausing their operations. According to estimates, multi-chain assets on the cross-chain protocol Multichain worth a total of over $125 million outflowed
There has to be more clarity about crypto lending, according to the lawyer directing the United Kingdom’s Law Commission’s review of the application of British laws toward digital currencies. In an interview, Laura Burgoyne elaborated on those four key suggestions to the British government. The country’s legislative structures and their
Bitcoin, the leading cryptocurrency, achieved a trading rate of $31,500 on July 6th, marking a 13-month high and demonstrating a rapid 2 percent increase within a single hour. Analyzing the trading movements in the crypto market, Bitcoin’s RSI (Relative Strength Index) is currently above 64.26, suggesting that BTC is approaching
