Shiba Inu Devs Set To Unveil Shibarium L2 Network Beta

The beta testnet of Shibarium will soon release, benefiting the entire Shiba Inu community. Shibarium is a layer-2 network operable on the Ethereum mainnet. After the release of Shibarium, the Shina Inu community can build and grow projects. The release of Shibarium will address the scalability, speed, and expense challenges facing the existing projects on Ethereum.  Shiba Inu Shibarium Beta Testnet Release Shiba Inu developers will only release a beta testnet version in the coming months. A testnet mimics the use cases and applications of real-world functions. Its release aims…

Alameda wallet under liquidator control incurred $11.5M in losses: Arkham

The liquidators of Alameda Research have reportedly incurred at least $11.5 million in losses since taking control of Alameda’s trading accounts. On Jan. 16, a Twitter thread from Arkham Intelligence reported that one wallet under the control of liquidators has seen a string of “significant losses” due to liquidations, some of which were “preventable losses.” Over the past two weeks being under Liquidator control, the account incurred significant losses: Largest single liquidation: $4.85MTotal liquidated amount: $11.5MPreventable losses: $4M+ — Arkham (@ArkhamIntel) January 16, 2023 As one example, Arkham noted that…

The Inter-Blockchain Communication Protocol will end ecosystem maximalism

When I entered crypto, I succumbed to the contest between blockchain ecosystems, believing one had to be “better” than others. I have since realized the future of cryptocurrency is bringing with it a variety of platforms that will excel at different things. With the Inter-Blockchain Communication Protocol (IBC), I’ve left behind the days of thinking chains have to compete and embrace a connected interchain future. Let me explain. Solana, Polkadot, etc. — what do they have in common? They are individual state machines, each trying to achieve something only one…

Ethereum Validator Count Surpasses 500,000 Ahead of Upcoming Shanghai Hard Fork – Bitcoin News

According to statistics, the number of Ethereum network validators on the Beacon chain exceeded 500,000 as of Jan. 12, 2023. The validator milestone comes as Ethereum core developers prepare for the Shanghai hard fork. Five days ago, Ethereum core developers launched a developer network environment called “devnet 2” for the upcoming upgrade. Ethereum Developers Launch ‘Devnet 2’ Testing Network for Upcoming Shanghai Upgrade; Network Exceeds 500,000 Validators On Jan. 11, 2023, Ethereum developers launched a new testing network for the Shanghai upgrade, a hard fork that’s anticipated to happen in…

VET Price Retraces, But Sellers Should Short At These Levels

The price momentum of VeChain (VET) registered a halt over the last 24 hours after the altcoin started to trade laterally. In the same time frame, the coin dipped 0.9%, which is minor meaning that VeChain was in consolidation. The coin had picked up bullish momentum at the beginning of this year, but the bears could not sustain the price above the $0.021 mark. The technical outlook of VeChain still points towards bullishness. The altcoin was overvalued at the time of writing, which emphasizes that a price correction is on…

CoinFLEX attempts to hose down backlash over proposed new 3AC project

Amid mounting criticism on social media, crypto investment firm CoinFLEX has attempted to clarify its plans to build a new crypto exchange with Three Arrows Capital (3AC). A leaked pitch deck on Jan. 16 revealed it was collaborating with the now-bankrupt hedge fund to build a proposed crypto exchange called “GTX” — which would focus on the trading of claims against bankrupt firms.  In a blog post published shortly after, CoinFLEX went on to “clarify misconceptions about the leaked materials concerning the proposed ‘GTX’ Exchange.” Firstly, CoinFLEX said it won’t actually be…

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