Browsing:Crypto News

Shiba Inu Token's 130%+ Spike in Burning Rate Commands Attention
9 months ago 1 min read

Shiba Inu Token Burn Rate Skyrockets Over 130%

Shiba Inu has witnessed a remarkable surge in its burn rate, surpassing a staggering 145%. The recent surge in burn activity has grabbed the attention of cryptocurrency enthusiasts and investors alike. This article delves into the recent developments surrounding Shiba Inu’s burn rate increase and its implications for the cryptocurrency’s value. Over the span of 24 hours, Shiburn, the designated burning mechanism for Shiba Inu, has executed a substantial burn of 92 million SHIB tokens. These tokens have been meticulously transferred to “inferno” wallets, effectively taking them out of circulation permanently. Of particular note is a substantial single transaction involving

Binance crypto exchange has taken a proactive step towards transparency by releasing its August 2023 reserve report.
9 months ago 2 mins read

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

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 lies in the exchange’s ability to cover customer deposits with a significant margin of reserves. The reserve ratio, a crucial metric in this context, is derived by dividing Binance’s net

Quantstamp's Securities Violations Case Settled with SEC
9 months ago 1 min read

Quantstamp Reaches Settlement with SEC Over Alleged Securities Violations

In a significant development, the United States Securities and Exchange Commission (SEC) has reached a settlement with crypto company Quantstamp following allegations of securities law violations. The SEC had charged Quantstamp with violating securities regulations, and the company has opted to settle the matter without admitting or denying the allegations. As part of the settlement, Quantstamp has agreed to a cease-and-desist order and will make a payment of $1,979,201 as disgorgement, along with a prejudgment interest of $494,314. Additionally, the company will pay a civil penalty amounting to $1 million. Quantstamp conducted an Initial Coin Offering (ICO) between October and

Price Dip Triggered by XRP Whale Selling Activity
9 months ago 2 mins read

XRP Price Dips to Massive Whale Selling Over 100 Million Tokens

Recent actions by massive XRP whale wallets have sent shockwaves through the market, as some of the largest XRP holders have offloaded more than 100 million tokens. This substantial sell-off has exerted significant downward pressure on the XRP price, sparking a chain reaction in the cryptocurrency’s value. The behavior of cryptocurrency whales, those holding substantial amounts of tokens, often provides insights into broader market sentiment. When whales decide to liquidate portions of their holdings, it tends to trigger a domino effect, causing smaller holders to follow suit and driving prices downward. Contrarily, after witnessing substantial price surges, whales are more

Shiba Inu (SHIB) Sees 5% Upswing
9 months ago 1 min read

Shiba Inu (SHIB) Continues 5% Surge as Bitcoin Holds Steady at $29K

In the world of cryptocurrencies, where volatility is often the norm, a standout performer has emerged amid a landscape of flatlined market activity. Shiba Inu (SHIB), the meme-inspired coin, continues to defy the stagnation that has enveloped much of the market. While Bitcoin struggles to break free from its $29,000 range and experiences historically low volatility, SHIB has managed to capture attention with a notable 5% surge. The cryptocurrency community is no stranger to excitement, but recent days have seen a distinct lack of it, particularly for Bitcoin. The primary digital asset has been locked within the confines of its

Binance has expanded its Flexible Loan and VIP Loan services by introducing 22 new loanable and collateral assets.
9 months ago 2 mins read

Binance Adds Shiba Inu as Collateral Asset: Implications for SHIB’s Future

In a recent strategic move, Binance has expanded its Flexible Loan and VIP Loan services by introducing 22 new loanable and collateral assets. Notably, this lineup includes the meme-inspired cryptocurrency Shiba Inu, a development that holds promising implications for the coin’s future trajectory. The addition of Shiba Inu as a collateral asset on Binance marks a crucial milestone, thrusting the dog-themed meme coin further into the spotlight. Binance’s decision to approve Shiba Inu as collateral underscores a growing recognition of the coin’s market potential and the increasing trust in its liquidity. This move could potentially pave the way for heightened

Shiba Inu's Latest Feature May Shift Meme Exit Coin Perception
9 months ago 1 min read

Shiba Inu Unveils New Feature: A Potential Shift Away from Meme Exit Coin?

Shiba Inu, the popular meme coin that garnered attention following the footsteps of Dogecoin (DOGE), is making strategic moves to solidify its position in the ever-evolving cryptocurrency landscape. In a recent development, Shiba Inu announced plans to introduce digital identity services across its upcoming projects, including the highly anticipated Shibarium layer 2 blockchain. This innovative step aims to enhance trust, bolster user engagement, and propel Shiba Inu toward becoming a significant player in the world of decentralized finance (DeFi). A Shiba Inu developer highlighted the forthcoming integration of digital identity services into all future Shiba Inu ventures, setting the stage

Lido Finance continues to dominate the crypto staking landscape
9 months ago 2 mins read

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

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 indicator highlights Lido Finance’s prominent position as the foremost staking service, capturing over 28% of the total market share. This underscores Lido Finance’s influence and widespread adoption within the cryptocurrency

Kenya's Ministry of the Interior has taken the unprecedented step of suspending the operations of Worldcoin
9 months ago 1 min read

Kenya Halts Worldcoin Operations: Concerns Over Financial Security and Privacy

Kenya’s Ministry of the Interior has taken the unprecedented step of suspending the operations of Worldcoin, a pioneering identity crypto protocol co-founded by Sam Altman of OpenAI. The move comes as a response to concerns over the project’s legitimacy, financial security, and data protection, prompting local authorities to initiate a comprehensive investigation. The decision was officially communicated through a statement on the ministry’s Facebook page. Worldcoin’s ambitious mission revolves around establishing a global identification mechanism based on iris scans—a technology that can authenticate an individual’s unique identity. As the world navigates a landscape increasingly intertwined with artificial intelligence, such an

XDC token Soars 300% to Reach Annual Peak
9 months ago 1 min read

XDC Token Rockets 300% to Achieve One-Year High

XinFin Network’s native cryptocurrency, XDC, has taken the cryptocurrency market by storm with an impressive rally that has lasted for five consecutive days. Based in Singapore, XDC has surged to its highest value since January 2022, showcasing a remarkable price increase of over 300% from its monthly low of $0.03 to an impressive $0.08. Amidst a backdrop of a slight 1.88% decline in the global cryptocurrency market, XDC Network stands out as a shining example of resilience and strength. Defying its prolonged bearish trend, XDC has experienced consistent upward momentum, presenting a stark contrast to major cryptocurrencies such as Bitcoin

The US SEC appears to be adopting a more open stance towards exchange-traded funds (ETFs) centered on Ethereum futures contracts.
9 months ago 2 mins read

U.S. SEC Open to Considering Ethereum Futures ETF Applications Amid Growing Interest

The United States Securities and Exchange Commission (SEC) appears to be adopting a more open stance towards exchange-traded funds (ETFs) centered on Ethereum futures contracts. Recent reports suggest that the SEC is leaning towards the possibility of reviewing applications for Ether Futures ETFs, which have been submitted by both traditional finance (TradFi) and cryptocurrency industry players in the past week. It’s important to note that while the SEC’s consideration of these Ethereum Futures ETFs is a positive sign for the market, it does not automatically guarantee their approval. Background on Ethereum Futures ETF Applications Earlier this year, Grayscale Investments took

Cardano recently faced allegations of being a ghost chain
9 months ago 1 min read

Cardano Community Dispels ‘Ghost Chain’ Myths: Strong Evidence Shuts Down Accusations

Cardano recently faced allegations of being a ‘ghost chain,’ igniting concerns among its holders and the wider crypto community. However, led by founder Charles Hoskinson, the Cardano community rallied together to counter these baseless claims. Armed with compelling evidence and a united front, they successfully dismantled the unfounded speculations, showcasing Cardano’s resilience and significant contributions to the blockchain space. In response to the growing frustration over the ‘ghost chain’ allegations, TapTools, a reputable Cardano wallet provider, took the lead in challenging the rumors. Armed with concrete evidence, TapTools highlighted Cardano’s exceptional accomplishments, particularly its Proof-of-Stake network’s remarkable feat of processing

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus