Author: Steven Sahiounie

Shytoshi Kusama, the pseudonymous lead developer of SHIB, has issued a new warning to investors about tokens on the beta version of Shiba Inu’s layer-2 network, Puppynet. Following a heated debate on the official Shibarium Telegram channel, Kusama warned members of the Shiba Inu community not to purchase tokens, especially BONE and LEASH, on Puppynet. Per Kusama, Puppynet is only a beta version of Shibarium, which implies that tokens on the platform are not real. He further cautioned the community members not to transfer their real tokens to the Shibarium Beta platform. The Shiba Inu lead developer also stressed that…

Prysm is a Go-based version of the Ethereum consensus layer built by the Ethereum core development team Prysmatic Labs that enables anyone to host a node and participate in Ethereum’s decentralized economy. It stresses usability, security, and dependability as a consensus protocol implementation, making it the most popular Ethereum client with the greatest user base. The client is now used to verify transactions by more than 42% of verification nodes. We are announcing v4.0.3-hotfix. This release contains the optimization to prevent the beacon node from high resource usage during turbulent times. It is highly recommended to upgrade if your node…

A widely followed crypto analyst and trader believes Ethereum (ETH) could rally to levels last witnessed about a year ago. Pseudonymous crypto analyst Kaleo tells his 586,700 Twitter followers that Ethereum could surge to $2,400, a level last reached in May of 2022 before the Terra (LUNA) ecosystem collapsed. However, Kaleo also says that Ethereum could first dip to $1,600 before rallying by around 50% to his target price. “This is still my best-case scenario play for ETH. Dip to $1,600s, then run it back up to approximately $2,400 to retest the pre-LUNA/UST liquidation breakdown level.” According to Bluntz, the…

The BRICS countries have gone to great efforts to eliminate the use of the US currency in international trade. The emergence of an alternative currency, combined with de-dollarization, has given Bitcoin a boost in growth despite concerns about global monetary reserves. The grouping of major emerging economies that includes Brazil, Russia, India, China, and South Africa, has made it clear that it wants to minimize its reliance on the US dollar. As a result, several countries are attempting to create a unified currency. This year, the BRICS countries have been at the forefront of the discussion, exemplifying the shifting global…

As broader cryptocurrency markets come under pressure, Litecoin (LTC) is no exception. As a result, near-term price predictions remain somewhat downbeat.   The cryptocurrency, which powers the payment’s focused Litecoin blockchain that was created back in 2011 out of a tweaked version of the Bitcoin source code, was last changing hands around $79 per token. That means it’s down a little over 10% this month, and is down about 25% versus earlier annual highs in the $105 area. Still, at current levels, Litecoin is still around 20% higher versus its mid-March lows in the $65 per token area. That’s not quite as impressive as Bitcoin, which remains up around…

The price of Dogecoin (DOGE) has dropped by 1.5% in the past 24 hours, with its slip to $0.070790 canceling out a brief return to a $10 billion market cap earlier this morning. DOGE’s fall today means it has lost 10% in a week and 13.5% in the last 30 days, with the meme token now up by only 0.5% since the beginning of the year. Given its poor performance recently, many traders have begun turning to meme tokens, Pepe (PEPE) and SpongeBob (SPONGE) being among the best performers in the past few weeks. And these two new meme coins may soon…

Among the memecoins sliding was PEPE, which lost over 60% over the last 7 days. Bitcoin (BTC) has plunged more than 10% over the past 7 days to a two-month low just above $26,000 alongside a sizable reversal in the previous red-hot memecoin sector. The world’s largest cryptocurrency traded at around $26,300 at press time, a level not seen since March 17. Bitcoin’s high for the week came on Wednesday morning when it rose to $28,300 following softer than expected CPI data on Wednesday. “Bitcoin might break below $26,000 over the weekend but it’s well bid right now,” said Laurent Kssis, crypto…

The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit. Crypto exchange Binance has announced that it would cease operations in Canada, citing the challenging regulatory environment. “We had high hopes for the rest of the Canadian blockchain industry,” the company said in a Friday tweet. “Unfortunately, new guidance related to stablecoins and investor limits provided to crypto exchanges makes the Canada market no longer tenable for Binance at this time.” In February, the Canadian Securities Administrators (CSA) revealed new guidance that prohibited crypto asset trading platforms within the country from allowing customers to…

The Bank of England raised its interest rate on Thursday to the highest level since late 2008, while the bank continues to battle skyrocketing inflation in the United Kingdom. The bank’s nine-member Monetary Policy Committee raised the key interest rate by a quarter of a percentage point to 4.5%, the 12th consecutive increase. Other major central banks, such as the US Federal Reserve and the European Central Bank, have also been raising interest rates at a steady pace to reduce inflation rates from their highest levels in decades. The Bank of England began raising the interest rate in late 2021…

The economist, Alexander Nazarov, predicted that the funds owned by the US Treasury would run out within a month, noting that only $154 billion remained in the US ministry’s account. The expert said in a post on his Telegram channel today, Friday: ′′ Only $ 154 billion remains in the US Treasury account. Pay the salaries of teachers and civil servants. The economist attached the publication to a chart showing the remaining funds in the US Ministry’s account on May 10, 2023. Earlier this week, US President Joe Biden warned that US default would generate difficulties and problems that would…