Key Points In a recent turn of events, the largest holder of the cryptocurrency Shiba Inu (SHIB) has made a purchase worth a whopping $10 million. This purchase added 1.5 trillion SHIB to their already impressive portfolio and has catapulted them to the 29th spot on the list of top SHIB holders. The transaction was executed by a newly emerged …
Continue Reading
On Tuesday, Terraform Labs, co-founded by Do Kwon and Daniel Shin, transferred millions worth of Convex Finance (CVX) tokens to a different wallet. This relocation occurred around one year after the crisis of Terra-LUNA, which led to a $40 billion loss for investors and brought about more stringent regulations in the realm of digital currency. CVX Token Movement Terraform Labs, …
Continue Reading
The world of cryptocurrency is growing, with new cryptocurrencies emerging every day. One of the primary concerns among cryptocurrency users is privacy. Bitcoin, the most popular cryptocurrency, is not entirely anonymous. Every transaction is recorded on a public blockchain, and anyone can view these transactions. Privacy coins have emerged to address this concern. In this article, we will discuss what …
Continue Reading
RippleNet is a decentralised network of banks and financial institutions that use blockchain technology to facilitate fast and secure cross-border payments. In this beginner’s guide, we will explore RippleNet in detail and explain how it works. What is RippleNet? RippleNet is a blockchain-based network of banks and financial institutions that enables cross-border payments in real-time with minimal fees. RippleNet uses …
Continue Reading
In the ongoing SEC vs. Ripple court case, the defense team has written to Judge Sarah Netburn opposing the SEC’s motion to compel the firm to produce Slack communications. They demand the production of over 1 million pages of discovery. Slack is a proprietary message platform featuring chat rooms, private messages, and direct messaging. It gained popularity during the government-imposed …
Continue Reading
Many of today’s young social media consumers are finding new music via TikTok. This week, the leading social media platform paired up with Audius, a streaming platform that is quickly becoming one of the largest decentralized consumer applications. TikTok’s Unlikely Match The pairing is especially interesting considering that around a month ago, TikTok took further steps to restrict crypto content …
Continue Reading
A boutique resort in Indonesia has auctioned NFTs for hotel perks on the Binance Smart Chain-based NFT marketplace Refinable. LABS Group, a blockchain property investment platform, raised $3,650,000 for Kunang Kunang Resort with NFTs. Kunang Kunang Glamping Resort is the world’s first-ever community-owned project fractionalized into Rewarding Timeshare (RTS) NFTs. The NFTs transform the way investors build their diversified portfolio, …
Continue Reading