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The number of wallets on the Shibarium network exceeded 1.3 million. Daily transactions on Shiba Inu’s Shibarium network surpassed 4 million. Despite the increase in transactions on the Shibarium, SHIB dropped by 3%. The Layer-2 network Shibarium, developed by the Shiba Inu team and launched in August 2023, experienced a 40% increase in daily trans action s on February 20, with daily trans action s calculated at 4.21 million. The rise in daily trans action s on the Shibarium network reflects increased activity on the network. Simultaneously, the increasing number of trans action s on the network indicates higher demand and more trans action s taking place. So far, there have been more than 364 million transfers on the Shibarium network. Source: Shibariumscan Additionally, the number of wallet addresses on the network has surpassed 1 million, with the current count being 1,361,506. According to Shibarium data, the total number of blocks create...

FTX has filed a lawsuit claiming that a former executive engaged in unethical practices using “hush money” to silence employees who could expose potential wrongdoing. According to the complaint, the former compliance officer alleged ly offered whistleblowers bribes to prevent them from disclosing what FTX called the exchange’s “true fraudulent nature.” The legal action targets Daniel Friedberg, the chief regulatory officer and compliance officer for FTX and its U.S. division. Friedberg also served as the general counsel for Alameda Research. FTX alleges that Friedberg acted as a “fixer” for the family of Sam Bankman-Fried, one of the exchange’s co-founders. Bankman-Fried’s father, Joe Bankman, advocated for Friedberg to be placed in a prominent position and requested that he be informed about company affairs. According to the lawsuit, two potential whistleblowers claimed that Friedberg paid them “hush money” to rem...

A U.S. District Court has dismissed a class action lawsuit against Uniswap, one of the world’s top decentralized exchanges (DEXes), stating that the plaintiffs’ claims were “devoid of factual support”, highlighting ambiguities in current crypto regulations. On Aug. 29, a class action lawsuit against Uniswap was dismissed by Judge Katherine Polk Failla, who is also overseeing a case by the U.S. Securities and Exchange Commission against Coinbase. The judge found that some of the allegations against Uniswap lacked factual evidence, rendering them untenable in a court of law. The lawsuit, initiated last year, accused Uniswap, its founder Hayden Adams, and venture capital firms Andreessen Horowitz and Paradigm of contributing to “rampant fraud” on the exchange. Additionally, the suit contended that Uniswap should register with the Financial Industry Regulatory Authority (FINRA) and it was involved in the sale of unregistered securities. Judge over...

Bitcoin is due to offer nothing beyond "classic weekend chop," signs of change on BTC price charts continue to flow in. Bitcoin (BTC) further ground down volatility into Aug. 12 as “ astonishing ” BTC price action stayed in place. BTC/USD 1-hour chart. Source: TradingView Bitcoin: "Classic weekend chop" expected Data from Cointelegraph Markets Pro and TradingView followed a flat Bitcoin trading environment as the weekend began. After displaying only muted re action s to the week’s United States macroeconomic data prints, BTC/USD held firm near $29,500 — a key battleground between bulls and bears. “Expecting just another classic weekend chop around the CME close price ,” popular trader Daan Crypto Trades wrote in part of his latest Analysis , referencing the closing price of CME Bitcoin futures markets at $29,465. BTC/USD annotated chart. Source: Daan Crypto Trades/X The lack of movement throughout the week meanwhile surprised longtime market participants, includ...

BNB Chain's Victor Genin said that blockchain can improve transparency, accountability, traceability, energy efficiency, waste reduction and collaboration in the climate action space. As concerns about climate change and environmental sustainability continue to grow, many organizations are turning to innovative solutions to help address these pressing issues. One such solution is blockchain technology, which has the potential to revolutionize sustainability efforts across a variety of industries.  On April 25, a World Economic Forum (WEF) whitepaper featured blockchain as a tool to fight climate change. The whitepaper highlighted the benefits of using blockchains in the climate action community. From improving market transparency to democratizing access to climate action, the WEF wrote about various benefits of using blockchain in sustainability efforts. Digitisation of the VCM is one of the leading use cases for #blockchain innovations in the climate action space. The “Blockchain...