Cryptocurrency News Official TheBitTimes.com

Shibarium’s transaction volume skyrockets by 493% in a single day, marking key milestones for the Shiba Inu ecosystem. Shibarium, the blockchain associated with the popular meme token Shiba Inu (SHIB)—has recorded a massive uptick in transactions . Within a single day, the platform has seen its transaction count escalate by 493%, jumping from 12,690 to an overwhelming 62,570.  Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, indicated on Tuesday in a Telegram group that the blockchain will explode with activity in the coming days as the crypto market rallies. Transactions on Shibarium have been increasing throughout October, but today marked a record surge for the network.  According to Shytoshi #Shibarium is about to explode with activity.. pic.twitter.com/hA4mmnGBmv — ShibariumGem (@Shibariumgem) October 24, 2023 This remarkable increase, the largest since its full operational status in August, has elevated the total transactions on...

Join Our Telegram channel to stay up to date on breaking news coverage Coinbase, the largest regulated cryptocurrency exchange in the US, is getting closer to launching its long-anticipated layer-2 network, known as Base. The firm’s CEO, Brian Armstrong, commented on its development and what to expect yesterday, March 6th, stating that Base will likely be regulatory compliant. According to him, this means that it will feature things such as transaction monitoring and anti-money laundering measures. Some of the details are still unclear Armstrong stated that “Base has some centralized components today but it’s going to become more and more decentralized over time as it grows. I think we have responsibilities in terms of transaction monitoring … things like that that we have to look at in the early days.” He also suggested that centralized elements will be necessary in order to avoid money laundering and other illicit activities. However, it rema...