THE LATEST CRYPTO NEWS FROM CNS Shiba Inu devs to launch | Crypto Never Sleeps Broad

THE LATEST CRYPTO NEWS FROM CNS

Shiba Inu devs to launch Shibarium L2 network beta

The developers of the dog-themed token Shiba Inu posted an update to inform its community about its upcoming beta release of Shibarium — a layer-2 network that will run on top of the Ethereum mainnet.

In the announcement, SHIB developers shared information about layer-2 blockchains. They highlighted that Shibarium is being developed to provide a tool to allow the community to build and grow the project and fulfill its founder’s vision. While some believe creating Shibarium is a way to increase the memecoins price, the developers noted that this wasn’t the goal.

https://cointelegraph.com/news/shiba-inu-devs-to-launch-shibarium-l2-network-beta


Twitter’s crypto price index feature expands to 30 tokens and counting

Twitter has quietly expanded its new crypto feature that enables users to search the price of individual tokens, adding at least another 30 tokens.

The new additions are part of the social media giant’s “$Cashtags” feature, announced by the Twitter Business account on Dec. 21. Bitcoin (BTC) and Ether (ETH) were the first to be part of the new feature.

https://cointelegraph.com/news/twitter-s-crypto-price-index-feature-expands-to-30-tokens-and-counting


Bank of Thailand to allow first virtual banks by 2025

Bank of Thailand has disclosed plans to allow virtual banks to operate in the country for the first time. Financial firms will be able to provide services by 2025, a Bloomberg report shows.

The “Consultation Paper on Virtual Bank Licensing Framework” published by the central bank says that applications will be available later in 2023 allowing virtual banks to act as financial services providers. The move focuses on increasing competition and boosting Thailand’s economic growth.

The Bank of Thailand will issue three different licenses for interested companies by 2024. There are at least 10 parties interested in granting permissions, the report states.

https://cointelegraph.com/news/bank-of-thailand-to-allow-first-virtual-banks-by-2025