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2023-01-17 12:33:29 Shiba Inu (SHIB) Aims to Become Top Dog With Impending Layer-2 Launch
The creators of the Shiba Inu (SHIB) token have announced the imminent launch of their Shibarium Layer-2 solution. Shibarium will run on top of the Ethereum blockchain, which is the basis for the Shiba Inu token. Its capacity for decentralized apps and non-fungible tokens have made it one of the most utilized blockchain for smart contracts. However, this popularity has burdened the system, raising costs while lowering transaction times. Shibarium will operate as a Layer-2 solution on top of Ethereum, which will facilitate faster transactions while lowering fees. Layer-2 solutions enable “off-chain” transactions, in which they occur off of the first layer blockchain and are communicated back. Allowing the Layer-2 solution to do the majority of the work alleviates bandwidth, resulting in lower costs and processing time. Read more Open / Comment

2023-01-16 22:10:41 Suspected North Korean hackers move $63.5 million in ether stolen from Horizon bridge
The hackers transferred 41,000 ETH ($63.5 million) through over 350 different addresses in the past few days, said ZachXBT, who aggregated on-chain data and identified these suspicious transactions. On Jan. 13, hackers started moving these funds to Railgun, a privacy-focused exchange built directly on the Ethereum blockchain that acts as a mixer, making transactions hard to trace. Such protocols can often be infallible especially when there’s large amounts of funds moving through them in identifiable patterns or clusters of transactions. At least one centralized exchange has frozen a portion of these assets. Binance CEO Changpeng Zhao said his team was able to seize 124 bitcoin ($2.6 million). The details of how much was transferred to each exchange and how much the hackers were able to successfully launder assets through them remain unclear, ZachXBT noted. Read more Open / Comment

2023-01-15 21:01:27 This Week In Crypto (2)
1. SBF: ‘I didn’t steal funds, and I certainly didn’t stash billions away.’
2. Gemini and Genesis charged by SEC with selling unregistered securities
3. El Salvador passes landmark crypto bill, paving way for Bitcoin-backed bonds
4. DCG owes creditors over $3B, considering $500M VC portfolio sale
5. Abu Dhabi-based Venom Foundation launches $1B fund for Web3 and blockchain
CW1 (last week) Open / Comment

2023-01-15 15:35:33 Solana looks to move back into top 10 as SOL gains 36% over past week
Solana (SOL) seeks to move back into the top 10 cryptocurrencies after temporarily flipping Polygon market cap on Jan. 14. Sentiment surrounding SOL has swiftly shifted from bearish — in light of developers leaving Solana — to bullish as SOL price rose by more than 36% over the last seven days. The significant price recovery temporarily pumped Solana back into the top 10 — flipping Polygon. Vitalik Buterin aided in bolstering SOL recovery momentum on Dec. 29, 2022, by posting a supportive statement on Twitter: “Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future.” Read more Open / Comment

2023-01-14 15:30:18 Exploring the World of Layer-1 Blockchains
Learn about Layer 1 blockchains and how developers are using Layer 2 protocols to solve scaling issues.
Link Open / Comment

2023-01-14 15:25:39 $600M Shorts Liquidated as Bitcoin Skyrockets to $21K
In one of its most impressive rallies in about a year, bitcoin skyrocketed by double digits, charting a two-month high above $21,000. Most alternative coins have followed suit, resulting in over $650 million in liquidations on a 24-hour scale, the majority of which were from short positions. It’s safe to say that the start of the year has been quite favorable for the cryptocurrency market. Bitcoin, for one, stood around $16,500 on January 1. After a quiet first few days, it began to add value and broke above $17,000 earlier this week. Read more Open / Comment

2023-01-13 11:47:28 Bitcoin Looks To Retake $20,000 As Ether, XRP, Cardano Traders Bank On A Massive Bull Run
After an epic battle for control at the beginning of January, Bitcoin bulls managed to topple bears this week, with the price soaring past $18,000 on Dec 12 for the first time since mid-December. Bitcoin’s impressive ascent over the past seven days has been attributed to a return of big social dominance spikes as the asset’s plunge offers extremely discounted prices. After being kept at bay by poor market liquidity towards the end of 2022, onchain data shows that whales with 1,000 to 10,000 BTC added around 20,000 BTC to their holdings between Jan 5 and Jan 11. Read more Open / Comment

2023-01-12 13:21:30 Binance Stakes 4,000,000,000,000 Shiba Inu (SHIB) As Project Details Update on New Layer-2 Blockchain
According to data from whale-surveying platform WhaleAlert, Binance sent a staggering 4 trillion Shiba Inu worth about $35 million at time of writing to an unknown wallet for staking purposes. Binance’s move comes after Shibarium developers announced new updates to the Shibarium Network, SHIB’s soon-to-launch layer-2 scaling protocol, saying that Bone ShibaSwap (BONE) will be the official digital asset used to operate the blockchain and that each transaction on it will burn SHIB tokens. Read more Open / Comment

2023-01-11 15:14:31 Bullish Signal: On-Chain Data shows Bitcoin Whales Go On 20,000 BTC Buying Spree
Bitcoin whales have now started accumulating BTC once more. This comes at a time when the crypto market is seeing struggling prices marked with low momentum. Now, with these large investors picking up the pace with their investments, there could be more movement on the horizon for bitcoin. Data from on-chain aggregator Santiment shows that large bitcoin whales holding between 1,000-10,000 BTC are accelerating their accumulation. Over the last five days, these large investors have added more than 20,000 BTC to their balances, making it a significant accumulation trend. Read more Open / Comment

2023-01-10 13:09:49 Solana, Cardano Eye Explosion To New Highs, Bitcoin Recaptures $17k As Exchange Signals Tilt Bullish
Bitcoin bulls managed to shake off December’s dust, decisively pushing past $17,000 for the first time in over three weeks. The world’s most traded cryptocurrency was trading at $17,348, up over 2.41% in the past 24 hours. Ethereum led in gains surging by over 4.55% in the same period to trade at $1,330 Monday noon. Other cryptocurrencies in the top 15 groups by market capitalization also gained steam, led by Solana and Cardano, up over 22% and 13%. Dogecoin, BNB and MATIC followed quietly, adding over 8%, 7% and 3.20% overnight. Overall, the global crypto market cap increased by 3.49% to tap $855.83B, according to data from CoinMarketCap. Read more Open / Comment