New data reveals that over a million transactions have already been conducted over Puppynet, the testnet of Shiba Inu’s (SHIB) highly anticipated new layer-2 scaling solution, Shibarium. According to blockchain scanner Blockscout, 1,076,331 transactions have taken place over Shibarium’s testnet since it launched in its beta form last week. Shibarium will be the Shiba Inu ecosystem’s new layer-2 protocol built on top of Ethereum (ETH), similar to Polygon (MATIC). Puppynet is Shibarium’s testnet before the mainnet launches. Blockscout also finds that there are currently over 200,000 unique crypto wallet addresses using Shibarium. Previously, Shiba Inu’s lead developer Shytoshi Kusama said…
Author: CryptoHype
Cardano (ADA) creator Charles Hoskinson is predicting nation-states will adopt the smart contract platform within the next decade if anti-crypto forces do not get in the way. In a new video update, Hoskinson tells his 320,000 Youtube subscribers that nation-states will likely one day rely on the Cardano ecosystem for a range of useful functions. “I can see a path within five to 10 years that you can run a nation-state on technology like Cardano. I can see that happening. I can see a path where Cardano could be used to run a national identity system with principles. Or a…
The US government sold 9,861 bitcoin on 14 March, netting over $215 million. 41,490 BTC remain from over 51,000 seized in November and will be sold in four batches this year. Court documents show that bitcoin is connected to the darknet market Silk Road. The US government, which says it recently sold 9,861 bitcoin (BTC), is reportedly looking to liquidate another 41,500 BTC before the end of the year. According to documents filed in court, the sale is for Bitcoin seized from entities connected to the infamous darknet marketplace Silk Road. The sale will occur in four batches this year.…
Two widely followed analysts are disagreeing about the crypto market’s next big move as Bitcoin (BTC) and Ethereum (ETH) trade sideways. The back-and-forth began when pseudonymous analyst Pentoshi shared a crypto market cap graph with his 683,300 Twitter followers. “Crypto Total market cap BTC, ETH + ALTS I still can’t get over how clean this has been 21′ lows have capped off upside for almost the past year 2017′ (prev bull market highs) have marked the lows of the bear market” Source: Pentoshi/Twitter The total crypto market cap measures the total value in the crypto markets, from Bitcoin to Ethereum to…
Sam Bankman-Fried is pleading not guilty to a new set of charges as the former crypto tycoon faces the possibility of spending decades in jail. Federal prosecutors alleged in a new indictment unsealed on Tuesday that the founder of bankrupt crypto exchange FTX paid out $40 million in cryptocurrency to induce Chinese government officials to unfreeze the trading accounts of Alameda Research. The accounts, which contained more than $1 billion in crypto assets, were frozen in early 2021 as China investigated an Alameda counterparty. Reuters reports that Bankman-Fried pleaded not guilty to the bribery charge at a hearing before District…
Solana price is up 110% in the past three months. SOL closed in the red in February and is likely to end March 4% lower, but January ended with SOL 140% up. Crypto intelligence firm Messari has highlighted Solana’s growth potential as network navigates away from recent outages and other challenges. Solana price is negative on the monthly time frame in March, with SOL/USD at $20.88 currently seeing the token down 3% in the past 30 days. Notably, Solana price remains 80% down this past year and about 91% off its all-time highs of $260 reached in November 2021. However,…
The cryptocurrency market cap was around $1.24 trillion as Bitcoin price reclaimed the $28,500 level, with crypto poised to end the first quarter of 2023 higher. BTC price was up 24% in the past 30 days, and 83% up year-to-date. Crypto analyst Rekt Capital says Bitcoin is poised for a historic quarterly close, which could inform upward impetus over the next several months. #BTC is on the cusp of confirming its first Quarterly Bullish Engulfing Candle since early 2020 Historically, Quarterly Bullish Engulfing Candles have preceded multiple quarters of upside$BTC #Crypto #Bitcoin pic.twitter.com/Hyeew5HCy0 — Rekt Capital (@rektcapital) March 31, 2023…
A leading crypto analytics firm says that key indicators are signaling Bitcoin (BTC) is on the verge of a bearish turn after an extended rally. In a new blog post, Santiment says five indicators are flashing bearish for Bitcoin even though the king crypto is making moves closer to the $30,000 price level. According to Santiment, the trading volume is cooling off. “The recent rally saw pretty decent trading volume coming in at the start, which is a healthy sign. However, things started to slow down a little as we inch higher. Now we are observing a divergence in Price…
Key Takeaways Bitcoin volatility is the highest point since July 2022 Liquidity is extremely thin which is pushing volatility higher and accentuating price moves $4.2 billion of options expire Friday, with bull set to profit following the recent surge up to $28,000 Yesterday, I wrote a piece looking at how the correlation between Bitcoin and the stock market, notably tech stocks, has come back up. The relationship had loosened amid the banking turmoil that struck financial markets, triggered by the collapse of Silicon Valley Bank. As well as rising correlation, the market is also swinging wildly – the volatility is…
Cryptocurrency analyst Benjamin is warning that Cardano (ADA) and other altcoins are primed for losses when paired against Bitcoin (BTC). Cowen tells his 738,700 Twitter followers that against Bitcoin, Cardano could bottom out at 0.00000400 BTC, or $0.11, a drop of 69.8% from current levels. “I think ADA/BTC would be lucky to bottom at 0.00000800 BTC, but 0.00000400 BTC could be final support (though it could represent a higher US dollar valuation at 0.00000400 BTC than at 0.00000800 BTC).” In a chart depicting the likely trajectory of Cardano when paired against Bitcoin, Cowen seems to suggest that the seventh-largest crypto…
