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Swift  and Chainlink have moved tokenized value successfully between numerous private and public blockchains. According to their official press release, “The findings have the potential to remove significant friction slowing the growth of tokenized asset markets and enable them to scale globally as they mature.” To evaluate their interactions with blockchain networks, both firms revealed in June that they would work with several financial firms. These firms include BNP Paribas, BNY Mellon, The Depository Trust & Clearing Corporation, Lloyds Banking Group, and others. Also Read: Visa is Being Investigated By US DOJ Over Tokenization Additionally, to connect with the various blockchains, Swift used Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This protocol went live in July of this year and aims to help build cross-chain applications and services. Furthermore, Chainlink co-founder Sergey Nazarov said that the project “could connect all of the blockchains and a

The Shiba Inu [SHIB] ecosystem has been making headlines on a daily basis. Ever since the launch of Shibarium, the meme coin network has been under the spotlight. More recently, a tweet from the blockchain tracker Whale Alert revealed that nearly five trillion SHIB meme coins have been transferred among unidentified Shiba Inu whales. The tracker mentioned earlier documented an astonishing transfer of 4,642,530,677,374 SHIB. This was equivalent to $38,057,145. This notable quantity of SHIB was shifted from a wallet that had initiated its initial transaction merely two hours earlier, to a completely new address. 🚨 🚨 4,642,530,677,374 #SHIB (38,057,145 USD) transferred from unknown wallet to unknown wallethttps://t.co/WhZJAR4iKh — Whale Alert (@whale_alert) August 31, 2023 The aforementioned transaction occurred when several indicators of the Shibarium layer 2 network experienced significant increases. This further coincided with a substantial influx of new participants, i

The entire crypto market awaits the result of today’s Federal Reserve presser, and traders are hopeful that positive news will trigger a price breakout to the upside. The United States equities markets rose after the Consumer Price Index print on June 13 came in below expectations, but Bitcoin and the altcoins failed to recover. This suggests that cryptocurrency traders are focused on crypto-specific issues and are not buying on favorable macroeconomic news.  However, there is a ray of hope for the bulls because Bitcoin is still holding above the $25,000 support. MicroStrategy co-founder Michael Saylor said in a Bloomberg interview on June 13 that the regulatory crackdown by the Securities and Exchange Commission may be bullish for Bitcoin. Saylor expects Bitcoin’s dominance to hit 80% in the future as “mega institutional money” flows into crypto after the “confusion and anxiety” dies down.  Although Saylor’s views may sound comforting to the Bitcoin bulls, traders

The Shiba Inu community has set a host of benchmark targets for the price of SHIB. Over the short term, they get thrilled every time the asset deletes a ‘zero’ from the price. Contrastingly, over the medium and long term, they have quite ambitious dreams and expect SHIB to attain 1 cent and 1 dollar one day. Also Read: Shiba Inu: 2 Ways SHIB Could Reach $0.01 The 1-cent dream Shiba Inu reached its all-time high on Oct. 28, 2021. At that time, it successfully went on to clinch $0.00008845. At press time on Wednesday, Aug. 30, 2023, SHIB was trading with an extra zero, at $0.00000824. This marks a 90.68% decline from its peak. For Shiba Inu to attain the $0.01 benchmark, it will have to initiate a whopping 121,259.2% rise from its current price. Reaching such a milestone will require substantial growth and significant time. Parallelly, various factors like market conditions, adoption, investor sentiment, overall demand, and utility of the token will also play key roles. Sour

The Shiba Inu community and its ecosystem were dissatisfied with the unsuccessful introduction of Shibarium. The layer-2 scalability protocol faced numerous challenges and raised worries among various stakeholders. Nevertheless, it appears that these problems have since been addressed and resolved. Shytoshi Kusama, the lead developer of the Shiba Inu network, released the “Shibarium Scaling Final Update.” According to the provided information, Shibarium has been confirmed to be live and functioning well. In the announcement, it was highlighted that even prior to its official public launch, Shibarium had already attracted an impressive count of 65,000 wallets and had facilitated an astonishing 350,000 transactions. Shytoshi further noted that the network is currently filled with a captivating variety of tokens. These ranged from unique and lighthearted to substantial and even some that might not be suitable for all audiences. It’s uncertain which of these tokens will rise to promine

BitMEX Listing Shiba Inu And BONE Perpetual Contracts BitMEX in its official blog on August 29 announced Shiba Inu perpetual listings in USD and USDT pairs. Users will enjoy up to 33x leverage on SHIBUSD and SHIBUSDT, which it claims to be the highest in the industry. advertisement “As with all quanto contracts, the SHIBUSD product has a fixed Bitcoin multiplier, regardless of the SHIB/USD price. This allows traders to long or short the SHIB/USD exchange rate without ever touching SHIB or USD.” Users can have 33x leverage on the SHIBUSD Quanto Contract and 20x leverage on the SHIBUSDT Linear Contract. The listing will be available from August 30. In addition, BitMEX also announced BONE perpetual listings in USD and USDT pairs. Both BONEUSD and BONEUSDT will have up to 5x leverage. It will allow users to trade Shibarium’s gas token BONE in high numbers, causing price to pick upside momentum. Recommended Articles

Shibarium -related developments have managed to keep Shiba Inu consistently in the news over the past few days. Crypto enthusiasts have been actively discussing this asset on multiple platforms. At press time, SHIB ranked 3 on the ‘trending’ list on LunarCrush. In fact, among the other top tokens in the category, SHIB was the only one to register an appreciation greater than 1%. Moreover, the largest crypto asset was seen exchanging hands at $0.000008066 at press time. Source: LunarCrush Also Read:  Shiba Inu: Is SHIB Primed to Rise 16% by Sept. 1, 2023? With Shiba Inu barely stepping foot into recovery territory, the community has yet again become optimistic about a SHIB rally. In fact, they expect the asset to attain several milestones on the price front going forward. So, in this article, we will analyze the prerequisites for SHIB to reach the psychological $0.001 target. Also Read: Shiba Inu: 2 Ways SHIB Could Reach $0.01 Shiba Inu’s Path to $0.001 Shiba Inu’s

Sui Network is one of the hottest new blockchains launched in 2023. Upon launch, the token’s price spiked to almost $2. However, the 92nd-ranked crypto market cap has been on a downward trajectory ever since. Although it is up by 4% in the weekly charts, it has fallen by 5.6% in the last 24 hours. The asset currently faces resistance at around $0.60, with support at $0.51. It should be noted that the crypto briefly broke past its declining channel on Aug. 23, but it was not able to follow through with a rally. The token has been rejected at its resistance level twice since then. Also Read: How to buy SUI Network Token The token’s Fibonacci Retracement pointed to it reaching somewhere around $0.58 before making any further moves. The token’s MACD (Moving Average Convergence Divergence) also pointed to bears being in control. Furthermore, the RSI (Relative Strength Index) sits at 52.13, meaning that the asset is neither oversold nor overbought. Source: SUI/USDT Chart b

MATIC Price Rebounds on Polygon POL The development team at Polygon has recently announced a huge upgrade that will bring to life a new token called  Polygon POL. It is “a technical upgrade of the native asset of the Polygon network,” an article on the website reads in part. advertisement “POL is the next generation protocol token, designed to become the major tool for coordination and growth of the Polygon ecosystem and the main driver of the vision of the Value Layer for the Internet,” the team explained. According to Naiwal, POL is the protocol that will ensure users reap 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 liquidity with each other.” POL is the next level protocol for two-dimension restaking that “fully avoids reliance on trusted 3rd parties, creating fewer vectors of c

In a recent legal development, a US judge ruled that Ripple ’s XRP should not be classified as a security, effectively resolving the dispute between XRP and the SEC. Following this decision, the price of XRP experienced a significant surge in the market. The outcome was seen as a crucial victory for Ripple , concluding the extended lawsuit. However, XRP hasn’t reached the price anticipated by many. The statement comes from renowned crypto lawyer John E Deaton . In one of his recent tweets, Deaton stated that the price didn’t reach a favorable level as expected by many after the prolonged lawsuit came to an end. Also read: Shiba Inu (SHIB): Exploring Drivers of 20% Price Explosion It’s all about expectations. Unless we were in a full bull market – led by #Bitcoin – I never believed XRP would hit an ATH, even after a good ruling and I said that when asked about my expectations on price (although I did expect it to break $1 tbh). But until #Bitcoin breaks… https://t.co/alMOGfH

A Drop Below $1500 On ETH Price? These back-to-back transfers have ignited discussions about potential market implications and the motives behind these substantial movements. Also, concerns have arisen that heightened whale activity might exert downward pressure on the price of ETH , possibly leading it to breach the $1,500 level. Presently, the ETH coin price is trading at $1,647.75, experiencing a minor drop of less than 1% over the last 24 hours. Its market capitalization of $198.05 billion. advertisement Even though the above data signals that Whales are getting rid of their ETH holdings, an interesting trend emerged during the recent market downturn. While smaller traders were offloading their holdings, prominent players within the crypto landscape were seen accumulating ETH . This accumulation has led to an increased concentration of ETH supply, with the top 10 addresses now controlling more than 35% of the total supply. However, this elevated concentra