Shiba Inu, the Dogecoin-killer, experienced a surge on Thursday following the announcement of a new upgrade in the ecosystem. One of the lead developers revealed that Shibarium would soon enable users to link non-fungible tokens (NFTs) to real-world assets. This will provide proof of ownership and authentication for physical items. Shibarium is a layer 2
Binance.US, a cryptocurrency exchange, has announced that it has resolved almost all delayed U.S. dollar withdrawals. The company has also warned customers that USD withdrawals may soon be removed due to its banking partners discontinuing the service. Resolution Binance.US has been working with its banking partners to restore USD withdrawals but has suggested that this
Wimbledon, the oldest tennis tournament, will be offering artificial intelligence (AI)-based audio commentary and player analysis for fans during the upcoming competition. The initiative is the result of a collaboration between The All England Lawn Tennis Club and International Business Machines (IBM). The AI-powered audio commentary tool will allow fans to observe key moments of
Binance, a cryptocurrency exchange, has disputed claims from the Securities and Exchange Commission (SEC) that the company mismanaged user assets. In response, Binance’s U.S. subsidiary has filed a motion stating that the SEC’s claims are misleading and have the potential to harm its customers. Contradictory Statements from the Regulator Binance’s U.S. subsidiary has highlighted contradictory
Binance, the cryptocurrency exchange already facing regulatory scrutiny in various jurisdictions worldwide, is now being subjected to increased legal pressure in Brazil. Brazilian lawmaker Alfredo Gaspar has formally requested that the National Congress compel Guilherme Haddad Nazar, General Manager of Binance Brazil, to appear for questioning. Gaspar’s formal request, which was addressed to the Parliamentary
Since its inception, Ethereum has been the leading smart contract and decentralized application (DApp) network. An analysis of Ether’s price (ETH) and market capitalization shows that the blockchain has been gaining market share. In recent years, Ether’s dominance in market capitalization has grown from an 18% average in July 2021 to the current 20%. Excluding
OPNX, a cryptocurrency exchange, has recently announced a partnership with 3AC Ventures. The announcement of the partnership was met with criticism from the crypto community. The purpose of the partnership is to expand the OPNX ecosystem. However, no further details were given about the expansion plans. Partnership Details The co-founders of OPNX are Kyle Davies
Binance, the controversial crypto exchange, has announced the launch of a regulated digital asset platform in Kazakhstan. The exchange has secured licensing from Kazakhstan’s AIFC Financial Services Authority (AFSA) to manage the platform and provide custodial services at the Astana International Finance Center (AIFC) from October 2022. The new platform will offer Kazakhstani users exchange
Recently, the AIDOGE token of ArbDoge AI has experienced a 5% increase in price after hitting a low point. The question now arises whether the price of AIDOGE will continue to rise or will it drop again. A closer look at the technical front reveals that the AIDOGE/USDT pair is slightly bullish, facing immediate resistance
During a hearing on June 21, Congresswoman Maxine Waters asked whether stablecoin issuers should be licensed and regulated by the Federal Reserve. In response, U.S. Federal Reserve Chair Jerome Powell stated that the regulator views payment stablecoins as a “form of money” and believes central banks should supervise them. Stablecoins as a New Form of
Mihailo Bjelic, co-founder of Polygon, has proposed upgrading the Polygon proof-of-stake (PoS) network to a “zkEVM validium” version. The upgrade is aimed at increasing security by relying on zero-knowledge proofs. Polygon PoS is an Ethereum scaling solution that has over $900 million in total value locked within its contracts. It does over 2 million transactions
Second Life, the virtual world created by Linden Lab, has announced a partnership with Motown Records and STYNGR to create a new immersive music venue. This collaboration will provide a platform for classic and contemporary Motown artists to perform in-world, giving residents of Second Life the opportunity to experience the celebrated Motown sound. The new
Ripple’s XRP has been consolidating above the key psychological level of $0.50 for over two weeks, coinciding with the Fib 0.382 level at $0.5031. However, on June 14, XRP broke down from this level, sparking concerns about a potential trend reversal. Although finding initial support from the 100-day EMA and the Fib 0.5 level at
According to the latest ASX Australian Investor Study, approximately 15% of Australians have invested their wealth in cryptocurrencies. This figure is similar to the 17% recorded during the bull market in 2021. The study showed that young Australians are more inclined towards the cryptocurrency industry, with 31% of them being HODLers. The study also highlights
Gemini, the digital assets exchange led by Tyler and Cameron Winklevoss, has announced its plan to expand its operations in the Asia-Pacific (APAC) region. The company aims to increase its headcount in Singapore to over 100 employees in the next 12 months, according to a company announcement made on June 19, 2023. The Singapore office
OVAL3, a fantasy card game that blends the love for rugby with the opportunities provided by NFTs, has set its sights on increasing visibility. The company has recently announced that it will launch a portion of its exclusive NFT collection on Binance NFT. The collection’s release is timed a few months ahead of the much-anticipated
ChainGPT is expanding its on-chain presence and increasing its interchain capabilities by bridging its $CGPT token to the Ethereum Network. The bi-directional bridge was developed through a partnership with ChainPort, KuCoin, BitGet, and other top-tier Web3 partners, enabling users to transfer their $CGPT seamlessly between the ETH and BNB/BSC networks. The implementation of the bridge
Blockchain technology has seen a significant advancement with the introduction of zero-knowledge proofs. However, in order to fully unlock the potential of these protocols, streamlined data availability solutions are required. Anurag Arjun, co-founder of Polygon and blockchain data availability protocol Avail, emphasized the significance of data availability for ZK-rollups in an interview with Cointelegraph. ZK-rollups
Crypto.com has been accused of having a potential conflict of interest due to its internal trading team operating as a market maker on its platform, according to a report by the Financial Times. Market makers provide liquidity, which allows users to buy and sell quickly at prevailing market prices, reducing the risk of price fluctuations
4Chan Coin has recorded a significant surge in the last 24 hours, with an increase of 29%. The current price of the meme token stands at $0.000000000000179428, which represents a 1,300% gain in the last 30 days and a 25,000% increase since its launch. The ongoing Reddit blackout, where several forums on the micro-blogging site
Shiba Inu’s (SHIB) price has experienced a minimal change in the past 24 hours, having risen by only 0.3% while the cryptocurrency market slipped slightly by 0.5%. However, SHIB has been one of the best-performing cryptocurrencies of the past week, with a 10% gain in the last seven days. The rally was due to the
BlackRock, the world’s largest asset manager, has made a significant stride towards its involvement in the cryptocurrency industry by filing for a Bitcoin Spot ETF with the US Securities and Exchange Commission. BlackRock’s success rate with the SEC has been unmatched so far, and despite many other companies’ previous applications for such a product failing,
Kaiko, a crypto market data provider, has conducted an analysis which revealed that USD Coin (USDC) has become the most liquid stablecoin on centralized exchanges (CEXs). The asset has approximately $38 million bids preventing a .1% price deviation. USDC’s liquidity is followed by that of Tether (USDT), Binance USD (BUSD), True USD (TUSD), and Dai
The total market capitalization of the cryptocurrency market declined to $1.02 trillion on June 15, marking its lowest point in three months. However, despite the resilience of the derivatives market and end-of-week price gains amid uncertainty in stablecoins’ reserves, it might be too soon for bulls to celebrate. Over the past few weeks, a bearish
A new report by Coinbase, the largest cryptocurrency exchange in the United States, has highlighted the uncertainty surrounding the impact of Bitcoin halving events on the asset’s performance. While the halving is seen as a positive development as it is believed to enhance Bitcoin’s prospective scarcity and support its supply-demand dynamics, it is difficult to
Bitcoin has experienced two days of consecutive price increases, marking the first time in a while. During this period, the cryptocurrency rose from under $25,000 to almost $27,000. The second-largest crypto, Ethereum (ETH), has also experienced similar performance, as it now sits at $1,750. Most other altcoins are also in the green. Despite this, last
Bitwise Asset Management has submitted a new filing for a proposed rule change that would accommodate its planned Bitcoin spot ETF. This comes after the U.S. Securities and Exchange Commission (SEC) rejected a previous Bitcoin spot ETF application from Bitwise in June 2022. SEC’s Reasons for Rejection The SEC had stated that Bitwise’s ETF could