Tag Archives: Crypto Bits

Chris Larsen, the chair and co-founder of Ripple Labs, has asserted that the United States legal system aims to rectify the missteps in crypto policy made by the Biden administration. He highlighted his company’s partial victory against the Securities and Exchange Commission in July, emphasizing that the regulator faltered on critical aspects pivotal to industry regulation. Larsen Slams Gensler on the Lack of Crypto Regulatory Clarity The Ripple co-founder recently expressed...

Singapore-based MEXC exchange has become the third largest holder of Shiba Inu’s BONE token, as reported by crypto enthusiast Tech Fusion. The exchange now holds over 12 million BONE tokens, valued at nearly $13 million, making it the largest single wallet holder of this token. According to Tech Fusion’s analysis, the two addresses ahead of MEXC are confirmed smart contracts, which supports MEXC’s claim as the largest single wallet holder.  Source: XData from the Etherscsn...

Binance will be removing several spot trading pairs in an effort to maintain a high-quality trading market and protect its users. This decision was made following periodic reviews of all listed spot trading pairs, considering liquidity and trading volume factors. Binance has announced that from Sept. 8, it will stop trading on various spot trading pairs. The first removal will include AUDIO/BUSD, BAT/BUSD, BSW/BUSD, CITY/BUSD, CVX/BUSD, FORTH/BUSD, JUV/BUSD, and MOB/BUSD....

While predicting the future of specific cryptocurrencies is not an exact science, market analysts often consider several aspects, including past performance, use cases, community participation, and broader market volatility. With that in mind, let’s examine whether Shiba Inu (SHIB) has the potential to outperform Ripple (XRP) in the future. For this particular question, though, we asked none other than ChatGPT. SHIB v. XRP Looking at their market caps, with a current...

Elon Musk is considering the possibility of developing a social media platform based on blockchain technology, including payment systems. This information is revealed in an exclusive excerpt from Musk’s biography, written by Isaacson. The writer – Isaacson – delves into one of Musk’s most contentious decisions: acquiring Twitter. The biography also explores the future possibilities of Dogecoin (DOGE), a cryptocurrency that has caught Musk’s attention. After Musk’s acquisition...

In a surprising move, a large sum of Shiba Inu Tokens (SHIB), valued at millions, was transferred from the popular crypto exchange Bitvavo to an unidentified wallet. Based on insight from wallet tracker Whale Alert, the total number of SHIB transferred is about 4.6 trillion, valued at roughly $35.7 million. After further examination of the recipient address, @Loch_Chain implied that the wallet is newly minted with no history of past transactions. It is common for Bitvavo to...

According to insights shared by lawyer John E. Deaton, the ongoing SEC lawsuit against Ripple has had a negative impact on the adoption of XRP. The lawyer, following the legal proceedings, recently took to X to highlight a notable example of how the lawsuit hindered the cryptocurrency’s adoption. Deaton’s observation comes as a shared personal experience from when he attempted to make a payment over the Internet. Here’s is a small yet significant example of how the lawsuit...

Shiba Inu’s ecosystem has gone through quite a bit throughout the past few weeks. It saw what is probably one of the most important releases in its roadmap – the layer 2 scaling solution, thematically called Shibarium. The launch of the network didn’t go without problems, and developers had to temporarily take it private. As CryptoPotato reported earlier, the chain relaunched with the help of an unexpected ally – Sandeep Naiwal from Polygon. Shiba Inu Lead Developer With...

Argentina’s technology and cryptocurrency sectors have recently surged with World ID, a project by Worldcoin, reaching an all-time high in user verifications. On Aug. 30, Argentina set a new record with 9,500 citizens verifying their identities through World ID. While this might be considered a growing crypto adoption sign by some, it’s also quite controversial given Worldcoin’s issues with authorities and the community. World ID is an innovative identity protocol that...

Binance has unveiled a new feature for its Latin American clients. This solution will enable users in nine Latin American nations to transmit crypto via Binance Pay; hence, beneficiaries in Argentina and Colombia can directly collect these transfers into their bank accounts. Binance announced the new “Send Cash” feature on Aug. 29, which promises a more efficient, cost-effective method of digital money transfer, addressing the prevalent financial inclusivity challenges in the...