CME reported nearly half of its crypto volume year to date came from non-U.S. trading hours and around 11% from the Asia Pacific region.
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CME Group to launch BTC, ETH reference rates aimed at Asia’s investors
CME reported nearly half of its crypto volume year to date came from non-U.S. trading hours and around 11% from the Asia Pacific region.
SHIB, BONE, LEASH tokens dip amid rumors of $2.5M Shibarium gaffe
The launch of the Shibarium mainnet — a layer 2 scaling solution for the Ethereum network — appears to have gotten off to a rocky start, at least when it comes to the price of its related tokens.
Many Shiba Inu (SHIB) holders had held out hope for a sharp appreciation of SHIB, Shibarium’s governance token BONE and the LEASH token with the launch of the Shibarium network on Aug. 16.
However, those aspirations have been dashed rather quickly.
At the time of publication, the price of SHIB is down 8.1% in the last 24 hours while BONE has fallen more than 14% in the same timeframe. The ecosystems’ LEASH token — a low supply staking rewards coin — fared the worst, dropping 23.5% on the day.
Shiba Inu (SHIB) price following the launch of the Shibarium network. Source: CoinGeckoThe price dip comes amid reports of a potential hiccup in the launch.
SHIB, BONE, LEASH tokens dip amid rumors of $2.5M Shibarium gaffe
Shiba Inu and related-token prices plunged since Shibarium's launch, while rumors of a significant technical error in the new Shibarium network have been swirling.
Coinbase futures approval seen as a major win amid the SEC war on crypto
The recent approval allows Coinbase to join the ranks of major derivative exchanges in the United States, CME, and CBOE.
Bitcoin price will surge past $150K if spot ETFs are approved: Analyst
Even if the filings for Bitcoin spot ETFs are rejected, Lee predicts Bitcoin’s halving event will still push up BTC's price — but not to six figures.
A Based week: Looking back at the first 7 days of Onchain Summer
In just one week, Base has attracted hundreds of thousands of new users, attention from mainstay brands and artists, and unfortunately, scammers as well.
El Salvador’s Bitcoiners teach 12-year-olds how to send sats
Over 25,000 students in El Salvador have learned about Bitcoin in the classroom.
Ripple Labs bites back against SEC's request to file appeal
Ripple’s chief legal officer said no “extraordinary circumstance” in the case exists which warrants the Court to accept the SEC’s request for leave.
Ripple Labs bites back against SEC's request to file appeal
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Ripple Labs has voiced its opposition towards the United States securities regulator’s move towards filing an interlocutory appeal relating to the summary judgment laid down by U.S. District Court Judge Analisa Torres on Jul. 13.
In an Aug. 16 letter to Torres of the Southern District of New York, Ripple’s lawyers explained that because the Securities and Exchange Commission failed to satisfy elements of the Howey test relating to Ripple’s distribution of XRP — a “legal question” — the Court should reject the SEC’s motion for leave to file an interlocutory appeal.
An interlocutory appeal occurs when a ruling by a trial court is appealed while other aspects of the case are still proceeding and are only allowed under specific circumstances.
Strict Canadian crypto exchange rules allowed Kraken clarity to invest there, exec says
Kraken’s Canada managing director told Cointelegraph in an interview that attaining restricted dealer status provided a clear regulatory pathway.
Canada’s regulatory clarity is bringing institutions to crypto — WonderFi CEO
Dean Skurka stated that although regulations have increased costs, they have also led to greater interest in crypto from institutions.
Canada’s regulatory clarity is bringing institutions to crypto — WonderFi CEO
Dean Skurka stated that although regulations have increased costs, they have also led to greater interest in crypto from institutions.
Shiba Inu’s Shibarium Ethereum L2 blockchain goes live on mainnet
Shiba Inu launched the Shibarium mainnet, an Ethereum layer-2 scaling solution, on Aug. 16 after months of testing that saw millions of users participate and 21 million wallets created.
Shibarium is built on a new consensus mechanism called proof-of-participation (PoP), which works by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work schemes. The new L2 blockchain solution is designed to interact with the primary Ethereum layer-1 blockchain, providing a more scalable and cost-effective transaction platform.
Shiba Inu (SHIB) rose to popularity during the bull market of 2020–2021, even briefly overtaking the OG meme cryptocurrency, Dogecoin (DOGE). However, it couldn’t hold onto its gains for long and lost more than 80% of its valuation during the bear market.
The price decline didn’t deter the Shiba Inu community, which built a decentralized ecosystem around the cryptocurrency comprising a decentralized exchange, ShibaSwap, and a native token, BONE, along with a metaverse and a Web3 game. The price of SHIB also surged to a new multiweek high in anticipation of Shibarium’s launch.
Prior to the mainnet launch, Shiba Inu’s lead developer, who goes by the pseudonym Shytoshi Kusama, noted that the L2 has already gained a lot of traction from new projects. In a post on X (formerly known as Twitter), the developer shared a screenshot of companies currently developing on Shibarium, suggesting over 100 companies are already using it.
Shiba Inu’s Shibarium Ethereum L2 blockchain goes live on mainnet
Shibarium’s beta phase saw a total of 21 million wallets on the L2, driving the interest of users months before the launch.
Shiba Inu’s Shibarium Ethereum L2 blockchain goes live on mainnet
Shibarium’s beta phase saw a total of 21 million wallets on the L2, driving the interest of users months before the launch.
CoinSmart president says crypto taxes are a 'little bit more favorable' outside US
According to Jeremy Koven, Canadian crypto firms may have a better regulatory environment than ones in the United States, benefitting users in a number of ways.
Price analysis 8/16: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT
Markets continue to slump, giving advantage to the bears and hinting at a trend change to the downside.
Price analysis 8/16: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT
Bitcoin (BTC) continues to trade inside a narrow range with no clear signs of a breakout from it. Trading platform QCP Capital said in their latest market update that Bitcoin may remain quiet for a few more weeks before making its move in September.
Delphi Digital co-founder Kevin Kelly believes that the cryptocurrency markets are in the early stages of a new bull cycle. Based on a study of Bitcoin’s four-year cycle patterns, Kelly expects Bitcoin to hit a new all-time high by Q4 2024 and a new cycle peak by Q4 2025.
Daily cryptocurrency market performance. Source: Coin360Similarly, Bitcoin investor and author Jesse Myers also maintains a bullish view for the long term but he does not expect Bitcoin to reach $100,000 before the next halving. Myers believes that the market will take 12-18 months after halving to price-in the effects.
Will Bitcoin and the major altcoins remain range-bound in the near term or is a breakout on the horizon? What are the important levels to watch out for? Let’s study the charts of the top-10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin rose above the 20-day exponential moving average ($29,383) on Aug. 14 but the long wick on the candlestick shows selling at higher levels.
Price analysis 8/16: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT
Markets continue to slump, giving advantage to the bears and hinting at a trend change to the downside.