Altcoin News by Thebittimes.Com

Shiba Inu, a cryptocurrency known for its meme coin status, has garnered considerable interest from the community and has seen active participation in multiple projects, including the development of the Shibarium network, Puppynet. In 2022, the Shiba Inu team introduced several initiatives. These include the Shiba Eternity game and the SHIB metaverse, which created excitement and anticipation for the launch of Shibarium . Also read: Cathie Wood’s ARK Rumored to be at Forefront of Bitcoin ETF Race The lead developer of SHIB, Shytoshi Kusama, recently made an announcement on Twitter regarding the upcoming launch of Shibarium . In a blog post, it was mentioned that the release of Shibarium is anticipated to take place during the Blockchain Futurist Conference, scheduled for August 15 and 16 in Toronto, Canada. Additionally, Kusama shared additional details regarding the developments in the pipeline. In one of her recent tweets, Shiba official LUCIE shared her favo

US Bitcoin Corp Gets 8500 Miners North America’s leading Bitcoin mining company US Bitcoin Corp (USBTC) has secured a deal with a deal with Celsius Network to run an initial 8,500 miners at the USBTC Alpha Site. The miners have an estimated sticker hashrate of 820 petahash (PH), as per a press release on August 31. advertisement USBTC is part of the Fahrenheit LLC coalition that received the bankruptcy court’s approval to acquire insolvent lender Celsius Network. The assets were previously valued at around $2 billion. Arrington Capital, Proof Group Capital Management, Steven Kokinos, and Ravi Kaza are also part of the Fahrenheit consortium. Asher Genoot, President of USBTC, said: “The opportunity to manage the Celsius assets marked a defining milestone. Together with Fahrenheit, we envision a future where Bitcoin mining is not just profitable but sustainable and industry-advancing.” Recommended Articles

Proposal 11750 “ LUNA Classic Decentralized Debit Card ” is up for voting on the Station wallet. As per the proposal, a validator wants to introduce a decentralized debit card to the Terra Luna Classic ecosystem. While a debit card will allow users to spend money in supermarkets, coffee shops, and more, the proposal lacks details on how the validator will work on a debit card for LUNC. advertisement “The proposal of this new validator is that the “Secure LUNA Validator” can use it’s own funds to promote and assist the LUNA Classic community with the most secure LUNA validators. By voting YES, we will invest in and promote more new validators, enhancing the community’s experience.” The idea of a debit card can draw outside investment and help increase on-chain transactions. The community will be looking for something like a product to bring back utility to the chain. Until now, the proposal has received 96.33% “Yes” and 3.67% “No” votes. In the initial governance

Michael Saylor, founder and executive chairman of MicroStrategy, is optimistic about Bitcoin (BTC) after the U.S. stocks and Exchange Commission (SEC) said that a number of well-known crypto assets are stocks. Saylor says in a new interview with Bloomberg that Bitcoin’s value is likely to go up a lot now that people are starting to understand how unique it is. Saylor says that small investors are starting to understand that BTC can’t be replaced by anything else. “I think there’s been a lot of confusion because of the 25,000 other cryptos and because of all the crypto securities that have been angling to position themselves as the next Bitcoin or a better Bitcoin. So now I think that the public is beginning to realize that Bitcoin is the next Bitcoin. The next logical step is for Bitcoin to 10x from here and then 10x again. Eventually, I have confidence that crypto exchanges will come around to realizing that Bitcoin really is the dominant asset in this sp

An early PEPE investor who made a profit of $1.67 million is still purchasing the memecoin despite rug-pulling allegations against insiders. The investor bought 1.04 trillion tokens for almost $950k in the late hours of Tuesday. The purchase has raised a few eyebrows within the community, given the recent allegations against the project. Source: FXStreet The investor previously purchased 2.43 trillion PEPE tokens, worth a mere $60, during its launch phase. The investor made a whopping profit of $1.67 million when the token’s price shot up after its launch. Also Read: Assessing 3 Pepe Coin Factors That May Revive Price Action PEPE’s price has spiked 6% in the last 24 hours. It is possible that the investor expected a rally after the Grayscale victory against the U.S. Securities and Exchange Commission was announced. Grayscale’s victory has sparked another rally in the crypto markets, with Bitcoin rallying over 5% in the daily charts. Will Pepe continue to rally? Sour

However, in a series of legal back-and-forths, Bankman-Fried’s counsel has continually stated that he received legal guidance , making him believe he acted in full faith. Hence, the heart of the matter lies in whether Bankman-Fried genuinely sought legal advice and acted accordingly or if it was merely a defense ploy. advertisement Challenges in Pre-Trial Preparations Bankman-Fried’s current legal situation could be better with his lawyer, Mark Cohen, being vocal about the difficulties they’ve encountered. Specifically, the limited internet access provided to Bankman-Fried has become a significant concern. Cohen stated,  “Internet access, offered just two days a week, is woefully inadequate.”  Consequently, preparing a robust defense strategy under such constraints becomes challenging. Moreover, the proximity to the trial date and the government’s late reception of discovery materials add to their woes. Recommended Articles

Shiba Inu has fallen by over 90% from its all-time high of $0.00008616, which it attained in October 2021. Although many hoped that the Shibarium launch would trigger another bull run for SHIB, this was not the case. However, according to a study by TechReport, SHIB will reach its all-time high once again, although it will take some time. As per the report, SHIB could reach a maximum price of $0.000010269 in 2023. In 2024, the token could reach a high of, $0.0000157484, and in 2025, it could touch $0.0000232277. The report claimed that SHIB will gradually grow over each year. But, it won’t be until 2029, that the popular dog-themed crypto will push past its previous all-time high, reaching a potential high of $0.0000979402, a growth of 1125.78% from the present price range. Also Read: Shiba Inu: When Will SHIB Reach $1? Here’s What ChatGPT Says The report also claimed that Shiba Inu (SHIB) could reach a high of $0.0001408459 by the end of this decade. No 1-cent dream

Also Read: XRP And Cardano Records Buying Amid Largest Crypto Funds Outflow advertisement A spot ETF would essentially allow investors to gain exposure to Bitcoin indirectly, as against directly buying the cryptocurrency on a crypto exchange. Grayscale Spot Bitcoin ETF: Towards Approval With the judgment, the judge cleared the way for approval of the Grayscale spot Bitcoin ETF. The Court’s judgment stated: “It is ordered and adjudged that Grayscale’s petition for review be granted and the Commission’s order be vacated, in accordance with the opinion of the court filed.” Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots List 2023 Must Read

Out of the lot, 2.49 million DYDX tokens — worth $5.36 million — will be allocated to the community treasury. The treasury funds contributor grants, community initiatives and liquidity mining among other programs. Decentralized exchange (DEX) platform dYdX will unlock $14.02 million worth of DYDX (DYDX) tokens dedicated to the community treasury and rewards for traders and liquidity providers. On Aug. 29, dYdX will release 6.52 million in-house tokens, representing 3.76% of the DYDX circulating supply. Out of the lot, 2.49 million DYDX tokens — worth $5.36 million — will be allocated to the community treasury. The treasury funds contributor grants, community initiatives and liquidity mining among other programs. Upcoming dYdX unlock event. Source: token.unlocks.app The remaining 4.03 DYDX token s will be split between liquidity provider rewards (1.15 million token s worth $2.47 million) and trading rewards (2.88 million token s worth $6.18 million). Full funds allocation for dYd

Ripple’s native token, XRP, failed to climb above the $1 mark despite winning the lawsuit against the SEC last month. XRP spiked nearly 75% after the verdict came out in its favor, but quickly underwent a strong correction. The cryptocurrency is now hovering around the $0.50 mark, and the bullish rally has come to a screeching halt. XRP fell below the $1 mark in November 2021, never to reclaim the price target until today. It’s been nearly 22 months since the cryptocurrency has been trading below the $1 price range. Also Read: Shiba Inu: Here’s When SHIB Could Reach its All-Time High Source: Coingecko So when will Ripple ’s native token, XRP, climb above $1 and reclaim its previous glory in the charts? In this article, we will highlight the timeline for when XRP could trade above $1 next, according to a price prediction estimated by a leading on-chain metrics firm. Ripple Prediction: XRP Could Reach A Maximum High of $1.63, Here’s When Source: TheSun.co.uk / Alamy Leading

In a recent Twitter thread, Sandeep Nailwal , the founder of Polygon , unveiled the potential of POL. POL is a new upgrade designed to power Polygon 2.0. This innovation aims to redefine the landscape of Layer 2 (L2) solutions, offering a multi-dimensional approach to staking and network security. According to Nailwal, POL will facilitate multi-chain staking without the inherent risks associated with re-staking. Furthermore, with the advent of Polygon 2.0, the ecosystem will transform from a single chain into a network of interoperable L2 solutions. POL is a massive technical upgrade to MATIC POL delivers the benefits of multi-chain staking without the added risks of restaking. With the Polygon 2.0 proposal, the Polygon Ecosystem will expand from a single chain to an ecosystem of L2s that can easily interoperate and share… — Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal) August 28, 2023 Nailwal says POL is an innovation in re-staking  With the POL, Polygon’s

Shiba Inu’s Shibarium Scaling Final Update Shibarium has accumulated over 65,000 wallets and 350,000 transactions, revealed Shiba Inu lead developer Shytoshi Kusama in an official blog on August 28. Explorer Shibarium scan.io shows that Shibarium mainnet has been producing blocks since August 24. advertisement “I need to give explanation and a huge thank you to the Polygon team. Quickly after the incident began, I called Sandeep from Polygon directly and without a second thought, he helped provide additional resources to ensure a perfect outcome to the situation. And that, is why our pivot to fork Polygon was the correct one.” Regarding the funds and bridge, Shytoshi Kusama revealed that funds are “safu” and the bridge is working correctly. SHIB, LEASH, and WETH withdrawals through the bridge will typically take 45 minutes to 3 hours, happening in at least 2 checkpoints. Meanwhile, BONE withdrawal can take up to 7 days. He warned the community to be careful re