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With the SHIB Army consistently inquiring about the arrival of the Layer 2 protocol, one of the ecosystem’s most prominent voices has commented. Specifically, Shiba Inu lead developer Shytoshi Kusama has spoken to the community on the Shibarium “launch strategy.”  In a recent message on the Shiba Inu Telegram chat, Kusama references the release strategy for the protocol. There, it was confirmed that many of the specifics regarding the release of Shibarium are “already set.” claiming that there will be no change to the plan.  Source: Crypto News Also Read: Shiba Inu: Can You Still Become a Millionaire by Investing in SHIB? Kusama Speaks on Shibarum Release Plan The growth of the Shiba Inu community has been an important development for the meme coin market. Moreover, as the digital asset industry has grown, so too has the utility of the meme coin. Now, the entity responsible for its greatest developments has spoken out about its highly anticipated arrival for the ecosystem.  Indeed, Shi...

South Korea’s crypto bill aims to establish a basis for imposing penalties and liability for damages caused by unfair cryptocurrency trading. South Korea’s government is taking steps to protect crypto currency investors from implosions like Do Kwon’s Terra ecosystem by passing a new crypto bill. On June 30, the National Assembly passed the Virtual Asset User Protection legislation. The bill is designed to regulate unfair trade practices and protect crypto investors, the local news agency SBS Biz reported. The legislation reportedly integrates 19 crypto-related bills, providing a unified bill defining digital assets and imposing penalties for illicit trading activities like using undisclosed information, market manipulation and other unfair trading practices in crypto. According to local media, the main point of the Virtual Asset User Protection Act is to apply the Capital Market Act first to virtual assets with a securities nature. The legislation also aims to establish a basis for...

Jay Clayton, who served as SEC chair from May 2017 to December 2020, went on CNBC’s Squawk Box for a general discussion Monday. And Clayton, not the hosts, was the one who pivoted the interview from Wagner’s rebellion in Russia to bring up the regulatory environment in the US. He planted a flag of vehement disagreement with the way the US government is choosing to bring about regulatory change. That is, through court actions he says government agencies “think they’re going to lose.” “What you’re hearing from the leaders of the regulatory organizations is if we’re not losing cases, if we’re not being pushed back on by the courts, we’re not doing enough,” Clayton said. He continued, “That is a fundamental shift in how we, as Americans, view the role of the government. I don’t want to be in a place where I know the government is going to bring cases they think they’re going to lose. Imagine you’re the person who is the subject of that case.” Cameron Winklevoss, co-founder and preside...

AFKDAO Collaboration with Cryptopia, a complete set of tools, including built-in NFT markets, platform nodes, cross-chain bridges, NFT financial derivatives trading, and Cryptopia DAO. Both parties are building the next generation of gaming platforms. As AFKDAO announced their Collaboration with Cryptopia. About the Partnership The partnership between AFKDAO and Cryptopia is a game changer for play-to-earn economies and the gaming industry as a whole. By combining AFKDAO’s play-to-earn techniques and decentralized governance with Cryptopia’s groundbreaking web3 public chain and comprehensive toolbox, both platforms aim to change the gaming and blockchain landscape. ­ About Cryptopia Cryptopia aims to create a web3 public chain that reorganizes DeFi idle assets and reshapes the new value of GameFi. It is deployed on multi-chain networks, allowing users from different public chains to participate directly in Cryptopia nodes. Cross-chain bridges connect multi-chain idle assets (tokens/NFT...

Join Our Telegram channel to stay up to date on breaking news coverage ApeCoin: The Ethereum-based Token Empowering Web 3 and NFT Community The ApeCoin is an ERC-20 token built on Ethereum, associated with Yuga Labs’ Bored Ape Yacht Club. Web 3 is all about creating a decentralized community. While ApeCoin DAO handles governance, project collaborations, and distribution of the Ecosystem Fund, the APE Foundation oversees the day-to-day stuff. Alexis Ohanian and Amy Wu are on the board of the APE Foundation. Community visions are implemented, and DAO proposals are overseen. The purpose of ApeCoin is fourfold: governance, unified spending, exclusive opportunities, and incentivization. As of late 2022, APECOIN utilised Proof of Stake instead of Proof of Work. ApeStake.io lets token holders stake their tokens in different pools. A Miami-based company called Yuga Labs founded ApeCoin with their Bored Ape Yacht Club collection. In March 2022, ApeCoin DAO was created. Variou...

The crypto industry has witnessed a massive bear storm over the past 18 months as high inflation threats finances. Despite the red market conditions, a recent report by CryptoQuant suggests that Bitcoin’s (BTC) institutional adoption is on the rise. For instance, top fintech companies have accumulated significant BTC amounts over the past three years. According to the report, Microstrategy’s bitcoin purchases are worth almost $4 billion, while the BTC price is still down by 55% from its all-time high (ATH). While waiting for the @BlackRock and @Fidelity's #Bitcoin Spot ETF approvals, Check out our report, Institutional Adoption 2.0. Our head of research, @jjcmoreno, wrote about what could catalyze the next big bull run for $BTC 9 months ago. Linkhttps://t.co/y7VI83ToXr — CryptoQuant.com (@cryptoquant_com) June 28, 2023 Tesla, Block (formerly Square) and Galaxy Digital Holding have also been sticking to their bitcoin holdings despite the market’s high volatility. Y...

"Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks," said FSA official Mamoru Yanase. On June 26, Japan's financial regulator , the Financial Services Authority (FSA), announced a partnership with the Monetary Authority of Singapore (MAS) for the joint regulation and pilot testing of crypto currency project s in accordance with the latter's "Project Guardian" initiative. The participation will be limited to observer capacity for the FSA in its current phase. Regulators wrote:  "The project aims to test the feasibility of applications of digital technologies such as asset tokenization through pilot experimentations, while managing risks to financial stability and integrity. Current industry pilots include fixed income, foreign exchange, and asset & wealth management." Established in May 2022 by the MAS, Project Guardian seeks to test the "feasibility of applications in ass...

VeChain spiked nearly 18% this week after being added to the Coinbase listing roadmap. A flurry of investments poured into VET after the announcement making its price briefly touch $0.020 before settling at $0.018. The cryptocurrency remained in the green for three consecutive days for the first time this month after bleeding profusely. Also Read: What Happens if Europe Accepts BRICS Currency? Source: Coingecko While VET remained on the greener side of the spectrum this week due to Coinbase, can it maintain the positive momentum well into July 2023? In this article, we will highlight a price prediction for VeChain and its performance next month in July 2023. VeChain: VET Price Prediction July 2023 Source: Twitter On-chain metrics and price prediction firm CoinCodex has painted a bearish picture for VeChain in July 2023. According to the price forecast, VET is estimated to plummet double digits next month signaling a ‘sell’ call to investors. Also Read: Shiba Inu: Lack of Shibarium Upda...

The crypto market has been subjected to bearish sentiment in the past year, with investors looking toward the next spark to reignite PR ice action. However, as a few cryptocurrencies start to break resistance levels, the market is beginning to heat up again, with many investors looking to stay ahead of the curve on the next asset to jump on. With that in mind, some cryptocurrencies to stack up for a profitable portfolio include Golteum (GLTM), Litecoin (LTC), and BNB. These assets have more potential for huge gains when the next bull run comes around, especially as the Golteum presale just launched. BUY GLTM TOKENS NOW GLTM: The Ultimate Cryptocurrency To Look Out For The GLTM utility token serves as the engine of the Golteum ecosystem. Golteum is a unique multi-assets marketplace offering utilities across tokenized precious metals and crypto assets. Golteum offers an innovative way to invest in precious metals through NFTs and blockchain technology. Each NFT represents p...

With support at $0.5 lost once again, investors may brace themselves for potential losses extending to $0.465 and $0.45. advertisement Ripple Selling XRP Doesn’t the Token a Security – John Deaton John Deaton, an attorney who founded CryptoLaw, has put forward different scenarios where Ripple’s sale of XRP does not necessarily categorize the token as a security. Over the weekend, he argued that many investors bought XRP tokens without prior knowledge of Ripple, the company. Deaton revealed that a significant 52% of the extensive pool of over 10,000 investors he engaged with confessed to being unaware of Ripple when they initially acquired XRP . This highlights a substantial portion of the investor base discovering and engaging with the crypto currency without prior awareness of its association with the Ripple network. So what about the ones like myself that invested in #XRP AKA Ripples (the ones in it long enough know what i mean) that absolut...

Despite fresh waves of regulatory litigation and muted market dynamics, on -chain data suggest larger crypto investors are clinging on throughout a period of uncertainty. On Tuesday, the number of unique addresses holding at least one bitcoin breached new highs, above one million, as the market continues to digest Blackrock’s spot ETF filing late last week. Addresses cradling a larger share — above 10 BTC — have also breached heights not seen since September 2019, market data shows .  Also this week, bitcoin’s dormant supply hit a new all-time high of 15.2 million BTC, while exchange balances plunged to their lowest since January 2018, Glassnode data shows . Bitcoin held in wallets that have little to no transaction history suggests more holders are opting to guard their coins rather than spend them in anticipation of future price rises. Roughly 146,000 BTC per month is making its way into illiquid wallets away from centralized exchanges. That may be offering up a narrative fo...

Also Read: Ripple Powering Top Indian Bank’s Digital Rupee Project advertisement Meanwhile, the XRP price recovered very well since the beginning of 2023, clocking the $0.54 level at the end of March 2023. In recent times, the focus in the XRP lawsuit shifted to the Hinman speech linked documents, with many questions raised in the crypto community. How Long Before XRP Lawsuit Judgement While it has been about 110 days since the last ruling, the average time taken by federal judges to deliver summary judgements is about 166 days. According to an Analysis on civil case processing in the federal courts by University of Denver, “For all summary judgment motions, the mean time to rule was 166 days, but the variation across courts was even more pronounced: from a low of 63 days on average in the fastest court to a high of 254 days on average in the slowest court.” Recommended Articles ...