Concordex Launches Testnet Of Its Institutional-Focused DEX Built On Concordium

Schwarzenbach, Switzerland, May 25th, 2023, Chainwire Concordex, the first dedicated decentralized exchange (DEX) built on the Concordium blockchain, has officially launched its testnet. The project raised $1.7 million in seed funding from Tacans Labs, Skynet Trading, Seier Capital, Amdax and Concordium blockchain in December 2022 to bring institutional-grade DeFi trading tools to the Concordium blockchain […]

XRPL Latest Amendment Will Review XRP Fee Structure

XRPL Latest Amendment Will Review XRP Fee Structure

XRP Ledger (XRPL) amendment, which is still under development, is set to alter the XRP fee structure so that fees are calculated in XRP directly. The amendment attempts to force the network to assess its fee structure thoroughly. By converting fees from “fee units” to drops of XRP, it aims to change how fees are […]

Stably Launches #USD as the First BRC20 Stablecoin on the Bitcoin Network

Renton, United States, May 25th, 2023, Chainwire Stably, a leading Stablecoin-as-a-Service (SCaaS) and fiat on/off-ramp infrastructure provider for Web3 projects, is aiming to revolutionize the nascent Bitcoin ordinals market by launching its US Dollar (USD)-backed stablecoin, Stably USD, as a natively-issued BRC20 token under the symbol #USD. This groundbreaking development marks a critical milestone in […]

Shiba Inu and Dogecoin Fall by 90% from All-Time High

shiba inu

Shiba Inu and Dogecoin, once at their peak in 2021, have struggled to regain their former glory for the past two years. Dogecoin reached its all-time high of $0.73 in May 2021, while Shiba Inu peaked at $0.00008616 in October of the same year.  Unfortunately, both of these popular meme currencies experienced a steady decline […]

Do Kwon to Remain in Custody After High Court Moves to Revoke Bail

Do Kwon

According to a court statement released on Thursday, Do Kwon, the co-founder of Terraform Labs, will continue to be held in custody as he confronts allegations of falsifying official documents in Montenegro. Initially, a bail request was granted but subsequently revoked. After the Basic Court in Podgorica, the capital of Montenegro, initially approved a bail […]

Coinbase Leads the Way in Burning 40.87 Million Shiba Inu (SHIB) Token

Shiba Inu Burn Rate Skyrockets by 2057%: Is the Market Rally Getting Ready For Bull Run?

Shiba Inu experienced a significant decrease in its burn rate as more than 40.87 million SHIB tokens were destroyed. A wallet associated with Coinbase emerges as the leading contributor to the burning of SHIB tokens on that particular day. According to data, the Shiba Inu Community has successfully burned a total of 40,877,932 (40.87M) […]

Terra Classic Team to Create New Concept to Facilitate USTC Re-peg

Terra Classic Team to Create New Concept to Facilitate USTC Re-peg

To determine the circumstances of the USTC de-peg and simulate a probable re-peg event, the Terra Classic (LUNC) L1 team intends to set up a test environment. The L1 Joint Task Force (L1JTF) is working to establish a test environment where different concepts for facilitating the USTC re-peg and bringing USTC to $1 can be […]

Shiba Inu Development Team Unveils Estimated Timeline for Shibarium Mainnet Debut

Shiba Inu Developer Explains Shibarium Validator Strategy and Staking Rewards

A member of the Shiba Inu team unveils a detailed plan to alleviate the prevailing uncertainty surrounding the launch of the Shibarium mainnet, outlining an estimated timeline. LUCIE, a well-known influencer within the Shiba Inu (SHIB) community and a member of the SHIB marketing team, recently utilized the platform Twitter to provide valuable information and […]