Author: Sophia Hernandez

Article written by Sophia Hernandez

BONE Price Surges and Transaction Volumes Rise After Shibarium Relaunch

August 26, 2023 1 min read

Shibarium, the Ethereum layer-2 blockchain designed to facilitate transactions within the Shiba Inu ecosystem, has made a triumphant return after initial setbacks. The relaunch this week has successfully resolved the issues, resulting in a smoothly operating network. Initially introduced on August 17, Shibarium encountered congestion problems that hindered its functionality. The surge in user activity led many investors to find their funds trapped in the bridge contract, causing frustration and

FBI Issues Warning: North Korean Hackers Planning $40 Million Bitcoin Cash-Out

August 24, 2023 2 mins read

The U.S. Federal Bureau of Investigation (FBI) has issued a warning to the crypto community, cautioning that individuals linked to North Korean hackers might be planning to sell over $40 million worth of bitcoin. This announcement was made by the intelligence and security agency, which has been tracking crypto stolen by entities known as the Lazarus Group and APT38, both connected to the Democratic People’s Republic of Korea (DPRK). These

Nodal Power Raises $13 Million in Seed Funding to Accelerate Renewable Energy Revolution at Landfills

August 21, 2023 2 mins read

Nodal Power, an innovative firm at the intersection of renewable energy and cryptocurrency, has announced the completion of a $13 million seed funding round. This funding injection is dedicated to advancing Nodal Power’s pioneering approach to reducing methane emissions from landfills while harnessing their untapped energy potential. With a focus on Bitcoin mining, the company is making strides in transforming waste into a valuable resource, as highlighted in their recent

Yuga Labs Ends Collaboration with OpenSea Amidst Creator Royalties Dispute

August 20, 2023 2 mins read

Yuga Labs, the driving force behind the iconic Bored Ape Yacht Club (BAYC) NFT collection, has made an announcement. The developers have decided to terminate their partnership with OpenSea, a leading NFT marketplace. This move comes as a reaction to OpenSea’s upcoming shift towards a discretionary royalty structure, which has stirred a considerable response within the NFT community. OpenSea, a prominent platform for trading non-fungible tokens (NFTs), recently unveiled changes

Shiba Inu’s Shibarium Tier 2 Solution Officially Launches

August 17, 2023 1 min read

Shiba Inu (SHIB), the cryptocurrency that once captured attention as a memecoin, has taken a significant step forward in its evolution. The project has introduced Shibarium, a layer-2 blockchain network built atop Ethereum that operates using SHIB tokens as transaction fees. This groundbreaking move demonstrates Shiba Inu’s ambition to transcend its memecoin origins and provide enhanced utility and value to its token holders. The launch of Shibarium marks a pivotal

New Zealand’s Crypto Exchange Faces Liquidation with Customer Funds at Stake

August 15, 2023 2 mins read

Auckland-based crypto exchange Dasset is facing dire circumstances as it reportedly goes into liquidation, resulting in a distressing situation for its customers who are unable to access their funds. The Herald, a local media outlet, has reported that hundreds of Dasset’s customers are currently locked out of their accounts, with substantial amounts of cryptocurrency worth tens of thousands of dollars trapped within the platform. Amidst the turmoil, a disheartening story

Shiba Inu’s Rise: Can It Overtake Tron and Secure a Spot in the Top 10?

August 13, 2023 2 mins read

Shiba Inu (SHIB) has been riding a wave of bullish momentum for consecutive weeks, reclaiming the #10 Altrank position. With a promising price trajectory, SHIB appears poised to breach the top 10 cryptocurrencies by market capitalization by overtaking Tron (TRX). Shiba Inu’s recent price trajectory has been nothing short of impressive, propelling it to secure the leading spot on Altrank charts. As SHIB’s price displayed nearly double-digit growth on the

XRP Temporarily Soars to $50 on Gemini Amid Speculation of Relisting Anomaly

August 11, 2023 2 mins read

Crypto enthusiasts and traders were taken on a rollercoaster ride of price fluctuations as Ripple’s XRP token made a triumphant return to the Gemini crypto exchange. Within hours of its relisting, users reported witnessing unusual price behavior, sparking both intrigue and speculation within the crypto community. Shortly after Gemini’s announcement of relisting XRP for deposits and trading, astute users flocked to the platform to catch a glimpse of the token’s

Indian Authorities Arrest Masterminds of $120M Crypto Scheme

August 9, 2023 2 mins read

The Ponzi scheme centered around a cryptocurrency project named STA Crypto Token, exploited the allure of solar technologies and blockchain innovation. As reported by The Indian Express on Aug. 8, the fraudulent scheme revolved around the STA Crypto Token, which purported to merge the potential of solar technologies with the blockchain revolution. However, investigations reveal that the project was a smokescreen for a Ponzi scam that targeted unsuspecting investors. The

Binance’s August 2023 Reserve Report: A Deep Dive into Crypto Holdings

August 7, 2023 2 mins read

Binance, the world’s leading cryptocurrency exchange renowned for its high trading volume, has taken a proactive step towards transparency by releasing its August 2023 reserve report. This report sheds light on the exchange’s substantial holdings of digital assets and its robust reserves-to-customer-balance ratio. Unveiling Binance’s Reserves and Ratio The August 2023 reserve report from Binance underscores the exchange’s commitment to accountability and customer trust. The central focus of this disclosure

FBI Issues Warning About Phishing Scams and Social Media Account Hijacking

August 6, 2023 2 mins read

The United States Federal Bureau of Investigation (FBI) has issued a cautionary alert regarding the escalating threat of criminal actors infiltrating social media accounts and impersonating legitimate figures within the nonfungible token (NFT) and cryptocurrency realm. The FBI’s warning also spotlights the proliferation of spoof websites that deceive victims into believing they are engaging with authentic platforms, ultimately leading to the pilfering of their NFTs or cryptocurrency assets. As the

Lido Finance Emerges as Staking Powerhouse with Over 28% Market Share

August 4, 2023 2 mins read

Lido Finance continues to dominate the cryptocurrency staking landscape, securing an impressive 28% of the total market share, as reported by market intelligence platform IntoTheBlock. The Ethereum Staking Market Share indicator reveals the distribution of staking services within the industry, with Lido Finance leading the pack. Let’s delve deeper into the insights provided by this indicator and explore the latest developments in the staking market. IntoTheBlock’s Ethereum Staking Market Share