TL;DR The Shiba Inu team burned millions of tokens last month. The mechanism aims to reduce supply and potentially boost prices if demand stays strong. SHIB’s price dropped by 4% daily amid a market slump. However, improvements in the Shibarium network could lead to a future rally. The Burning Last Month The team behind the…
PawFury recently obtained a $4 million funding boost, positioning it as a strong competitor against established altcoins like Dogecoin and Cardano. Dogecoin’s utility is expanding, with more businesses accepting DOGE for transactions, highlighting its potential for widespread use beyond speculative investments. Cardano’s Alonzo hard fork has enabled smart contract functionality, significantly boosting its capabilities and…
The Bitcoin Core project has disclosed two security vulnerabilities that could have affected the stability of the Bitcoin network. The first one, classified as having a high severity level, could have caused an assertion crash of the network via a message spam attack. The second one, with a low severity level, was linked to Miniupnp,…
Over the years, blockchain technology has evolved from simply facilitating peer-to-peer money transfer to sophisticated functions such as decentralized finance (DeFi) and decentralized physical infrastructure network (DePIN). DeFi comprises products that decentralize the traditional financial system, while DePIN enables the decentralization of physical infrastructure and other real-world products, blending the Web2 and Web3 ecosystems. Together,…
1st, August , 2024 – Singapore – INVITE, a pioneering Web3 community project, in collaboration with Gate Exchange, is excited to announce the commencement of $INVITE token trading on August 2 at 08:00 Standard Time. INVITE stands as the premier social growth tool within the Telegram ecosystem, boasting the support of a robust community of…
Bitcoin Cash Price surged by 15%, driven by positive BTC ETF inflows and endorsements from prominent Bitcoin conference figures. Meanwhile, Cosmos (ATOM) News reveals a proposal to transfer 1 million ATOM to Hydro, potentially boosting liquidity and stirring community interest. Against this backdrop, BlockDAG shines with its impressive presale progress, raising $63.9 million. In a…
Jan Nieuwenhuijs, a gold analyst specializing in Chinese markets, alleges that China has continued to secretly buy gold without reporting it to the market, benefiting from a price cool-off. Nieuwenhuijs states that the strategy of the PBOC is to purchase gold through UK bullion banks, which goes unreported by using non-traditional bank conduits. Report Alleges…
Meme coins have been one of the most popular narratives in the first two quarters of 2024. However, there has been a significant cooling off in their market after the intense activity of the “spring.” In fact, recent findings suggest that only a handful of meme coins have recorded gains over the past 30 days,…
Bitcoin’s price actions took a violent turn from yesterday’s quietness as the asset plunged by more than three and a half grand to $63,300. The alternative coins have followed suit, and the total value of liquidated positions has skyrocketed to almost $230 million on a daily scale. The start of the business week was quite…
[PRESS RELEASE – KAUNAS, Lithuania, July 31st, 2024] DappRadar is excited to reveal the first six members of the DappLaunch Selection Committee, a decentralized committee ready to welcome and approve Web3 projects to the growth and launch hub. The first committee members are DappRadar, Chainwire, Polkastarter, BNB, Crypto Potato, and Lunar Strategy, while more will…