TL;DR The layer-2 solution, Shibarium, is launching a hard fork on August 9, launching a burn mechanism. Shibarium continues to advance with upgrades aimed at improving transaction speed, scalability, and lowering costs, fostering the development of the Shiba Inu ecosystem. The Upcoming Development Shibarium – Shiba Inu’s layer-2 scaling solution – continues to make the…
OKX is all set to deactivate accounts involved with sanctioned entities, including crypto mixer Tornado Cash and Moscow-based crypto exchange Garantex. On August 9th, OKX CEO Star Xu highlighted the platform’s strict adherence to compliance with international sanctions and clarified that such users will not be able to open accounts on the platform. OKX Enforces…
The U.S. Securities and Exchange Commission (SEC) could greenlight options for several spot Bitcoin exchange-traded funds (ETFs), which were approved to trade in the US earlier this year, suggested Bloomberg ETF analyst James Seyffart. We think the #Bitcoin ETF options happen in 4th quarter this year. Final deadline for SEC decision is ~Sept. 21 but…
With a 5% upswing in the crypto economy over the past day, following a broad market recovery, the stablecoin economy has ballooned by $1.53 billion in just three days. A notable $750 million of that growth occurred within the last 24 hours alone. Tether’s $1.26B Growth Fuels Stablecoin Expansion Not long ago, the crypto market…
PRESS RELEASE. SINGAPORE — 9th August 2024 — TOKEN2049, the world’s largest Web3 and crypto conference, announced a star-studded DJ line-up for AFTER 2049, the official closing event of this year’s highly anticipated Singapore edition. Making their eagerly awaited debut in Singapore, award-winning trio WhoMadeWho will be headlining the event, alongside South African DJ and…
Since the late 1970s, small- and medium-sized enterprises (SMEs) have leveraged private credit as a means of accessing capital when traditional banks were either unwilling or unable to meet their needs. Now, as the traditional banking sector becomes increasingly stringent in response to macroeconomic conditions, loans provided by non-bank institutions to businesses are helping to…
On Thursday, at a press conference held at Mar-a-Lago, former President Donald Trump shared his thoughts with reporters, stating that the sitting president should have a voice in the U.S. Federal Reserve’s monetary policies. Trump targeted Fed Chair Jerome Powell’s actions concerning interest rates, particularly critiquing the timing and lack of cuts. “A little bit…
According to Grayscale Research, Bitcoin might revisit its all-time high later this year if the U.S. economy avoids a recession. This optimistic outlook follows a period of stabilization in both crypto assets and broader financial markets, which had faced sharp declines from Friday, August 2, through Monday, August 5. Grayscale Predicts Bitcoin Rally In an…
[PRESS RELEASE – Miami, Florida, August 9th, 2024] Valhalla is entering a partnership with Sunderland AFC for the full 24/25 season, including a prominent back of shirt sponsor position. The package includes: 4 minutes of in-game pitchside LED display at all home league fixtures. Interview backdrops at The Academy of Light – at pre-game press…
Ethereum’s price has been rapidly declining over the last couple of weeks since the rejection from the $3,500 resistance level. However, the price might find a bottom soon. Technical Analysis By TradingRage The Daily Chart In the daily timeframe, the price has been dropping aggressively after breaking below the 200-day moving average, which is around…