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….
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…
The crypto market has been a rollercoaster lately, and Ethereum (ETH) is no exception. But there are some key metrics that can give us clues about where ETH might be headed. Bullish Signs Investors are optimistic: Most Ethereum investors are still betting on it going up in the long run. Whales are buying: Even after…
Skepticism Grows As the May deadline for Ethereum Spot Exchange-Traded Funds (ETFs) approaches, skepticism is growing. Nate Geraci, president of ETF Store, believes the SEC is unusually quiet about the ETFs and suggests they may not be approved due to less engagement with issuers. Behind-the-Scenes Activity? Some speculate that discussions may be happening behind closed…
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…
