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...

Ripple ( XRP ) price has moved sideways in the past few months as the recent consolidation continues. The coin was trading at $0.50 on Tuesday after Roblox announced that it will integrate it into its ecosystem. Ripple has dropped by more than 47% from its post-SEC lawsuit victory high. Ripple price reacted mildly to news from Roblox, one of the biggest metaverse and gaming companies in the world. Roblox has a market cap of over $18 billion and millions of users. In a statement, the company said that it will activate XRP payments in its ecosystem. Ripple has had other victories in the past few months. For one, the judge overseeing its  case against the Securities and Exchange Commission (SEC) rejected the agency’s plan to appeal the verdict. The judge ruled that XRP was not a financial security as the agency alleged. Meanwhile, Ripple recently acquired Fortress Trust, a company that provides crypto infrastructure services. The acquisition gave the ...

The crypto market is dynamic as different blockchain networks compete for dominance. Tron is a popular blockchain option for USDT transactions. Meanwhile, Borroe is a crypto project that seeks to transform how businesses secure funds through its funding marketplace powered by artificial intelligence (AI). This article discusses Tron’s role in USDT transactions and outlines Borroe’s strategy in crypto fundraising. Stablecoins and Tron Tron has a market capitalization of more than $6.8 billion and is widely used for USDT transactions.  As a result, the network has become a dominant player in the stablecoin market. This is primarily due to the platform’s streamlined infrastructure. You might also like: Optimism and Polkadot falling, Borroe sells over 3 million ROE in ongoing presale Borroe aims to transform the fundraising landscape by leveraging an AI-powered funding marketplace for content creators and web3 users to generate instant c...

Glassnode noted that this is the first time in Bitcoin history where the network has been used for purposes other than for monetary purposes. The launch of Bitcoin nonfungible tokens (NFTs) — known as Ordinals — has tipped the number of non-zero Bitcoin addresses to a new all-time high of 44 million, according to crypto analytics platform Glassnode. In a Feb. 13 report from Glassnode, the firm explained that for the first time in Bitcoin’s 14-year history, a portion of network activity is being used for purposes other than peer-to-peer monetary Bitcoin (BTC)  transfers: “This is a new and unique moment in Bitcoin history, where an innovation is generating network activity without a classical transfer of coin volume for monetary purposes.” Glassnode explained that the Ordinals surge has contributed to a “short-term uptick in Bitcoin network usage of late” which has brought many “new active users” with a non-zero BTC balance to the network: Number of Bitcoin addresses with a non-zero ba...