Altcoins

Shiba Inu, the China-based meme coin, spiked more than 34% Friday after trading on Coinbase. Earlier this week, Coinbase announced it supports meme coin Shiba Inu for its customers. Because of this, the trade volume of the token increased, leading to a surge in its price. SHIB is presently the 47th largest crypto globally. It has a $3.4 billion market capitalization. Bitcoin is first, while Dogecoin comes in ninth. According to Coinmarketcap, the coin’s market cap spiked from over $2.2 billion to about…

0xMaki, a prominent individual in the crypto space, is vacating his leadership duties at SushiSwap. He intends to begin working as an advisor in the decentralized autonomous organization.  0xMaki’s Departure At the moment, the project lead doesn’t have any valid reason for stepping down. However, 0xMaki plans on making an official announcement on his decision soon. Several cases raise questions even as the protocol’s co-founder exits from leadership. In the early days, a particular user made a suggestion that Maki should receive 1.5…

Opensea NFT marketplace confirmed on the 15th that one employee was insider trading. The event came after several social media users accused one of their top executives of trading insider information. Opensea accepted publicly and announced the new policies they set against insider trading in the future. Opensea Employee Trading Information On Wednesday, Opensea confirmed that one of their employees had taken part in insider trading. Opensea is the largest NFT marketplace. It had trading volumes of over $3.3 billion in August.…

The Solana blockchain preferred blockchain cryptocurrencies for decentralized marketplaces, and apps will reinforce the network after a major outage. The network is promising to implement more protective steps. The Solana blockchain network went offline on Tuesday due to transaction overload. However, the team managed to get things in action quickly. The price of its crypto token eventually recovered. A “detailed post-mortem” analysis will be issued in the coming weeks, according to the @SolanaStatus Twitter account, after the network suffered an outage of more than 17 hours.…

Solana is currently experiencing a downward price trend. At press time, the crypto is selling at $157.73, facing a 4.8% loss within a day. The Solana Price dip came a week later when the coin's value made its way to the $200 mark. As per a tweet from Solana, the network has an overload that is encouraging denial of service. A Network Exhaustion on Solana Solana functions as a blockchain network enabling developers to build decentralized applications. The open-source protocol extends…

Solana Faces Intermittent Instability as its user's complaints show that transaction blocks are not processing on the network. The last transaction block recorded was 5 hours ago, based on SolScan and Solana Beach block explorers. The project is a platform for dApps created in Solana Labs based in San Francisco. High scalability and low transaction fees are the most attractive features of the project. Addressing the Technical Issue Solana Foundation has confirmed the claims on Twitter. The message reads that Solana mainnet-beta…

Kevin O'Leary plans on adding more cryptocurrencies to his portfolio. The shark tank star hopes to expand his digital assets from 3% to 7%. As per Kevin, digital currencies could accumulate trillions if they entirely turn into an asset category. He intends to include more virtual assets as 2021 comes to an end. O'Leary is Comfortable with Crypto The digital currency space is currently under pressure from global regulators. As such, Kevin hopes that U.S regulators can design policies focusing on…

Following a press release by GlobeNewswire, Walmart has denied Litecoin partnership claims. The institutions' spokesman Randy Hargrove stated that the press release is fake. He also mentioned that the retailer urges the news site to investigate how the piece ended up public. The news seemed to quote Doug McMillon, Walmart's CEO, portraying a "Major Partnership." Litecoin had at some point tweeted about the partnership, but the tweet has somehow disappeared. Litecoin dramatic fall According to Coin Metrics, Litecoin has since then traded down…

DeFi Yield Protocol (DYP) announced on Twitter that it would soon introduce a Launchpad to its ecosystem. According to the 5th September tweet, the Launchpad will introduce some critical features, which should serve as a gateway for high-quality crypto projects. The Launchpad should be an excellent addition to DYP’s decentralized tool dashboard. Also, it brings together all the ecosystem’s advanced features. As of now, the platform consists of DYP Locker, Yield Farm Data, and Decentralized Score. These elements help crypto…