CRYPTO TECH

McHenry noted that stablecoins can only achieve their full potential if "clear regulations and robust consumer protections" are available, underlining the importance of Congress enacting legislation that would "provide comprehensive digital asset regulation, especially for stablecoins."

Houbi's TVL is now down to 2.5 billion from its $3.09 value last month.

"I'm refunding you not because you can find me, it's because I don't want to ruin your project, maybe it's a lot of money for a lot of people, but not for me, I'm smarter than all of you," the hacker's on-chain message read.

"When you combine the low-cost nature of Shibarium, and the other amazing technologies the entire Shib community has developed for this new L2 solution with Shib SSI, the possibilities are near endless," Shytoshi Kusama said.

Critics dismissed the price pump, but it looks like the price rally will continue since data revealed that the trading volume largely supports the uptrend and SHIB holders chose to maintain their diamond hands, as they were not moving their SHIB to exchange platforms to sell.

Kusama reminded the Shib Army in their blog post this week that "as we push forward, please understand this isn't just about following the path of decentralization; this is about trailblazing a new destiny for the world."

Elon Musk did not deny the news about the requests for proposals but said, "No work is being done on this to the best of my knowledge," suggesting it may be in the works, but the launch is not yet imminent.

Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, informed the Shib Army the community is now "sprinting toward the next paradigm shift toward a new era," seemingly hinting at the SSI integration initiative.

The public conversation between the two tech and crypto leaders concluded with both acknowledging they are on the same team.

KuCoin said in a statement that the decision was made due to its "evolving business strategy."

BONE is the native governance token of ShibaSwap, the decentralized exchange of the Shiba Ecosystem, and ever since the team revealed that it will be used as the gas fee token of the highly awaited layer-2 scalability solution Shibarium, its rise to prominence and its overall performance in terms of value have attracted the interest of many crypto investors.

Just over a week after its launch, Worldcoin and its activities are already suspended in Kenya.

While Binance's legal battle with the SEC continues, and after several regulators in Europe closed their doors to the exchange, it won a license to operate in Dubai

The surprising development surrounding the BALD token pushed on-chain sleuths to dig deeper to get to the bottom of the issue, and some of them uncovered interesting finds, one of which points to Bankman-Fried and his Alameda Research as the masterminds of the controversial project, which is presumably a rug pull.

The Binance CEO shared that at the time Buterin was "already working on and talking about ETH non-stop" and somehow regretted that he didn't buy Ether, saying it was "a miss of a lifetime."

Tether has established itself as the dominant player in the stablecoin industry as its circulating supply approaches the 84 billion threshold.

Data from a market analytics firm has revealed that crypto sharks (investors who have over 500 BTC or its equivalent in their accounts) and crypto dolphins (holders with holdings below the net worth of whales) have started purchasing Shiba Inu at a swift pace over the past couple of months.

CRV, the native cryptocurrency of the top decentralized finance Curve Finance exchange, saw a 17% loss on the day and was trading at $0.61.

The author of the hit book "Rich Dad Poor Dad" said the BRICS is leading a movement to develop a new currency backed by gold.

The dog-themed altcoin has surged in popularity over the past months due to the series of projects and upcoming initiatives scheduled to launch this year, especially Shibarium.

The Ethereum + Shibarium bridge serves as a scaling solution that uses the Plasma + POS platform's dual consensus architecture and is described as a ground-breaking solution that promises to deliver advancement in the Shiba Ecosystem by allowing SHIB users to enjoy secure and seamless cross-chain transactions on the Shibarium.

The dip is an understatement of the heavy criticism voiced by the crypto community about the project, which utilizes hardware called Orb to scan the irises of individuals to prove they are human.

Before Musk climbed back to the top spot of the world's richest billionaires, he rolled out a rebrand, which changed the iconic blue bird to a simple X logo.

On the same day of the Worldcoin launch, Buterin released a long-form essay containing his thoughts on the project's human identity verification system, including the four major risks the project poses.

While Russia is now on its way to roll out its CBDC, the U.S. Federal Reserve last week launched an instant payment service, called FedNow, which was met with skepticism that it would replace dollar with a potential CBDC.

Shiboshis, the 10,000 NFTs generated on the Shiba Inu ecosystem and recorded permanently on the Ethereum blockchain, were rolled out in October 2021.

A chart analyst identified another support level, which, according to them, is at $0.98, and noted that this is the price at which whales will make their purchase. But the analyst clarified that "it is not certain if it will dip here or not, but many whales are positioned there."

The event will be held from Aug. 15 to 16.

"Please remember that it's not just about promoting the token everywhere, but also prioritizing safety. While we appreciate seeing Shibarium partner Bad Idea listed in various places, it's crucial to avoid scammy platforms that deceive and rug investors," a Shiba Ecosystem and Shibarium Tech marketing specialist said.