Shiba Inu may be gearing up for an earth-shattering comeback following a plan to launch a stablecoin for the ecosystem later this year. According to a blog post by Shytoshi Kusama, the lead developer of Shiba Inu, a group of independent developers in the decentralized network has been working on a stablecoin “SHI” which is set to be unveiled before […]

Asset management firms continue to fight for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States as regulators remain skeptical of the idea. Craig Salm, chief legal officer at asset manager Grayscale, discussed the firm’s lawsuit with the United States Securities and Exchanges Commission (SEC) regarding the conversion of the Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF.  Salm […]

Stellar lumen price is trading below $0.1120 against the US Dollar, similar to bitcoin. XLM price must stay above the $0.1020 support to avoid a downside break. Stellar Lumen Price Analysis (XLM to USD) After forming a base above the $0.1020 level, stellar lumen price started an upside correction against the US Dollar. The XLM/USD pair broke the $0.1100 resistance […]

More than 48 different crypto projects formerly based on the failed Terra ecosystem have found a resurgence by migrating over to Polygon.  Polygon Studios CEO Ryan Wyatt expressed delight at his network’s ability to onboard many projects to the ecosystem in a July 9 tweet. He hinted that Polygon’s multimillion-dollar Terra Developer Fund has been effective in attracting the talent […]

Crypto lending platform Celsius has reportedly hired lawyers from Kirkland & Ellis LLP to advise on its restructuring options — the same firm that assisted Voyager Digital with its bankruptcy filing last week.  According to a report from the Wall Street Journal on July 10, the company has hired lawyers to advise on options, including a bankruptcy filing in place […]

Cryptocurrency experts have voiced their concerns regarding the proposed European-wide crypto regulations known as the Markets in Crypto-Assets (MiCA), saying the regulations do not meet a technology-neutral approach that would be needed to prevent the stifling of innovations in the industry. They say that the regulation will only add uncertainty in crypto sectors like NFT or non-fungible tokens.  The Council’s […]

Cryptocurrency markets continue to trade sideways, with Bitcoin holding the $21k level while Ethereum’s price stays above $1.1k. The global cryptocurrency market is at $941 billion, slowly approaching the $1 trillion mark again. While the market is full of uncertainty, the long-term sentiment of the crypto industry remains positive. Several trending categories remain highly popular among traders, including SocialFi tokens, […]

On Friday (July 8), Chinese entrepreneur Justin Sun, who founded TRON Foundation (which announced on January 5 that it had restructured as TRON DAO), said that he and TRON were ready to spend up to $5 billion to help out select beleaguered crypto businesses. Sun, who retired as a CEO of TRON in December 2021 to become the Permanent Representative of Grenada to […]

MicroStrategy CEO and Bitcoin (BTC) bull Michael Saylor said that Ethereum (ETH) is ‘obviously’ a security as he doubled down on labeling BTC as the only commodity in the crypto sector. In an interview with Altcoin Daily, Saylor was questioned on his take regarding the classification of both BTC and ETH as commodities by U.S. Senators such as Kirsten Gillibrand and Cynthia […]