Indian cryptocurrency exchange WazirX recently announced a comprehensive restructuring plan after experiencing a major security breach on July 18. The platform revealed that external parties not invested in the exchange may be attempting to prolong the restructuring process for their own gains. These parties are said to be creating and maintaining uncertainty rather than seeking
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Shibarium is a layer-2 blockchain solution that operates on the Ethereum network, specifically catering to the needs of the Shiba Inu ecosystem. The primary objective of Shibarium is to reduce transaction costs, enhance speed, and boost scalability within the network. Launched a year ago, Shibarium has achieved significant milestones, processing over 418 million transactions to
Opeyemi is not just an ordinary writer; he is a passionate enthusiast of the cryptocurrency realm. Despite not initially choosing the digital asset industry, he has been captivated by it for over two years now. His dedication to unraveling the complexities of blockchain technology and sharing insights on the latest trends in cryptocurrencies sets him
The joint statement released by Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek highlights the challenges posed by the European Union’s fragmented regulatory structure on artificial intelligence (AI) innovation. They pointed out that the current regulatory framework in the EU is hindering the growth and development of AI technologies by creating inconsistent and overlapping
German authorities recently conducted a large-scale operation to seize nearly 250,000 euros and 13 crypto ATMs as part of a crackdown on unlicensed cryptocurrency activities. Led by the Federal Financial Supervisory Authority (BaFin), the operation targeted 35 locations across the country where crypto ATMs were allegedly operating without proper licensing. This initiative, carried out in
The recent report from Coinbase suggests that the upcoming 2024 US presidential elections could see a significant impact from young voters who are pro-crypto. This demographic, made up of Gen Z and Millennials, now accounts for 40% of the electorate and is increasingly throwing their support behind candidates who advocate for cryptocurrencies and financial innovation.
The recent surge in Bitcoin’s price, reaching $65,000 for the first time since early August, can be attributed to a combination of factors. One of the main reasons behind this price increase is believed to be linked to the actions of the US Federal Reserve. Over the past few years, Bitcoin’s price has shown a
Semilore Faleti, a cryptocurrency writer with a specialization in journalism and content creation, has made significant strides in the world of blockchain and cryptocurrency. Starting with a diverse range of subjects, Semilore quickly honed in on the complexities of digital assets, showcasing a talent for unraveling the intricacies of this fascinating industry. Semilore’s passion for
The historical data on Bitcoin demand has shown that high demand often precedes price recoveries and rallies. However, the current market dynamics paint a different picture. Recent reports have indicated that Bitcoin demand growth has stagnated, remaining at low levels since early April when the cryptocurrency was trading around $70,000. One of the key indicators
Opeyemi is not just a writer; he is a passionate enthusiast in the dynamic world of cryptocurrency. Despite not initially choosing the digital asset industry, he has been captivated by it for over two years now. His dedication is evident in the unique pieces he creates, unraveling the complexities of blockchain technology and sharing insights
