Shiba Inu Whales Move Over 3.19 Trillion SHIB, Where Are They Headed?

Last week, Shiba Inu consistently traded above $0.000021 despite a continuous struggle between buyers and sellers. Notably, significant whale activity was observed in the network, as large amounts of SHIB tokens, totaling in trillions, were moved in and out of exchanges according to on-chain reports. Earlier this week, SHIB experienced a price drop due to … Read more

Market Expert Predicts New Paradigm For Bitcoin: ‘Days Under $100,000 Numbered’

After the Bitcoin (BTC) halving occurred for the fourth time, significant shifts took place in the crypto market’s essential indicators. Based on recent advancements, Charles Edwards, an accomplished market analyst and Capriole Invest’s founder, has made daring forecasts suggesting a significant transformation in the Bitcoin market. Bitcoin Trading At ‘Deep Discount’ Edwards emphasizes that the … Read more

Celo Developer cLabs Proposes Ethereum Layer 2 Chain Development Using OP Stack

The company behind the development of Celo blockchain, cLabs, has suggested creating an Ethereum (ETH) Layer 2 (L2) chain using the Optimistic Rollup (OP) technology stack. This project signifies a major move towards improving the scalability and efficiency within the Ethereum network. cLabs Proposes L2 to Address Ethereum Community Needs The plan intends to utilize … Read more

Bitget Report: Middle East Crypto Market Surges by 166% YoY

In simple terms, there has been a significant surge in the cryptocurrency markets of the Middle East. The number of daily traders has increased by 166% compared to the previous year, based on a recent report from Bitget Research, the research division of prominent crypto exchange Bitget. Several reasons contribute to this increase in interest, … Read more

3 Major Metrics To Watch Out For That Can Impact Ethereum Prices

Recently, the cryptocurrency market has experienced heightened volatility, and Ethereum (ETH), the second largest crypto token by market value, has not escaped this trend. Consequently, predicting Ethereum’s future price movement has become more challenging due to these market swings. Nevertheless, some key indicators suggest potential directions for ETH’s price once the volatility settles down. Ethereum … Read more

Binance Exec, Who Fled Nigeria, Denies Report of Extradition from Kenya

The intense competition between Binance Holdings Ltd and Nigeria over supremacy in the cryptocurrency exchange market has resulted in noticeable effects on Nigerian exchange activities. Due to the depreciation of the Nigerian Naira, which is currently valued at approximately 1075 Naira for one US Dollar, the government has intensified its efforts to regulate unlicensed crypto … Read more

Shiba Inu Layer 2 Platform Shibarium Faces Technical Outage, SHIB Price Unaffected

Over the past weekend, Shibarium, the main Layer-2 solution within the Shiba Inu community, experienced a brief network interruption that influenced its functionality. Notably, Kaal Dhairya, a well-known Shiba Inu developer, reported this issue and provided insights regarding the ongoing situation on X platform. Some validators on Shibarium, which are organizations responsible for verifying transactions … Read more

Finnish Tax Authority Uncovers $31M in Unreported Crypto Gains in 2023

A local news source revealed that the Finnish Tax Authority has found out that certain individuals engaging in digital asset trading have failed to declare their crypto income tax for the year 2023. The undeclared taxes amounted to €30 million, equivalent to around $31.9 million. Finnish Authorities Demand Investors to Report Taxes Several crypto exchanges … Read more