Fundraising Success The Shiba Inu team has raised $12 million through the sale of their TREAT token. This funding round was led by Animoca Brands and supported by several other investors. Fund Allocation The funds raised will be used to develop the team’s new Layer 3 blockchain and enhance their existing Layer 2 solution, Shibarium….
Halving and Runes Shake Up Miner Revenues The recent Bitcoin Halving, where miner rewards are halved every four years, coincided with the launch of Runes, a new protocol for creating fungible tokens on Bitcoin. Runes vs. Ordinals Runes differ from Ordinals, which “inscribe” data onto Bitcoin, by creating interchangeable tokens. This simplicity makes Runes more…
The Terra community is considering two important proposals that could shape the future of the Terra Classic ecosystem. Proposals Under Consideration Reduce Maximum Block Size: This proposal aims to reduce the maximum block size from 5 MB to 2 MB to prevent spam and improve network stability. Increase Gas Fees: This proposal suggests increasing gas…
The world of crypto and decentralized finance (DeFi) has a new scandal on its hands: ZKasino. This gambling platform promised anonymity and high stakes, but now faces accusations of fraud and deception. Accusations of Fraud In March, ZigZag, a rival exchange, accused ZKasino of: Lying about its funding Diverting funds for personal use Failing to…
Render (RNDR) Crypto strategist Altcoin Sherpa believes Render (RNDR) could fall to $6 before rebounding. He suggests buying at current levels or lower for a potential profit. Bittensor (TAO) Altcoin Sherpa predicts a drop for Bittensor (TAO) to $400, the 0.50 Fibonacci level. He advises watching for a potential support level at that point. Prom…
Former Goldman Sachs executive Raoul Pal has revealed a chart that suggests Bitcoin (BTC) and cryptocurrencies are on schedule to reach 4 billion users. Adoption Rate Surpassing the Internet Pal’s prediction is based on a model comparing the adoption rate of the internet in its early stages to the user growth rate of crypto since…
15 Attorneys General Investigate Allegations A coalition of 15 state attorneys general, led by Virginia’s Jason S. Miyares, is investigating allegations that Bank of America is closing accounts based on customers’ religious and political beliefs. The coalition alleges that Bank of America has a history of “viewpoint-based debanking,” targeting individuals and businesses whose views differ…
A crypto advocacy group, Coin Center, has expressed concerns that a proposed stablecoin bill could violate free speech rights. Ban on Algorithmic Stablecoins The bipartisan bill, introduced by Senators Cynthia Lummis and Kirsten Gillibrand, would ban “algorithmic payment stablecoins” like Terra’s UST. Coin Center argues that this ban is unconstitutional because algorithmic stablecoins can be…
The US Senate has approved a bill that expands government surveillance powers, sparking concerns among crypto enthusiasts. Section 702: A Controversial Expansion Section 702 of the Foreign Intelligence Surveillance Act (FISA) allows the government to collect data from tech companies without a warrant. Critics argue that this broad authority could lead to the indiscriminate collection…
John Deaton, a lawyer known for his support of XRP, has filed an amicus brief on behalf of 4,701 Coinbase customers in the SEC’s lawsuit against the crypto exchange. What is an Amicus Brief? An amicus brief is a document filed by someone who is not directly involved in a case but wants to provide…
