Fun

News Feed - 2023-08-17 02:08:00

Tom Mitchelhill3 hours agoSHIB, BONE, LEASH tokens dip amid rumors of $2.5M Shibarium gaffeShiba Inu and related-token prices plunged since Shibarium"s launch, while rumors of a significant technical error in the new Shibarium network have been swirling.4035 Total views12 Total sharesListen to article 0:00NewsJoin us on social networksThe launch of the Shibarium mainnet — a layer 2 scaling solution for the Ethereum network — appears to have gotten off to a rocky start, at least when it comes to the price of its related tokens. 


Many Shiba Inu (SHIB) holders had held out hope for a sharp appreciation of SHIB, Shibarium’s governance token BONE, and the LEASH token with the launch of the Shibarium network on Aug. 16.


However, those aspirations have been dashed rather quickly.


At the time of publication, the price of SHIB is down 8.1% in the last 24 hours, while BONE has fallen more than 14% in the same timeframe. The ecosystems’ LEASH token — a low-supply staking rewards coin — fared the worst, dropping 23.5% on the day.Shiba Inu (SHIB) price following the launch of the Shibarium network. Source: CoinGecko


The price dip comes amid reports of a potential hiccup in the launch.


According to screenshots that reportedly capture an internal Telegram conversation between Shibarium developers, lead developer Shytoshi revealed that the team was unable to recover assets bridged to the Shibarium network.In case yall were wondering how Shibarium is going pic.twitter.com/S5vjTxoMDk— ʎppɐꓷ ɯooɹɥS (@shroom_daddy) August 16, 2023


Blockchain sleuth ZachXBT said that he had not yet confirmed whether or not the assets were truly lost, but noted that the RPC — a node that runs key blockchain client software — was “dead” and described the block explorer as “awful.”


Cointelegraph confirmed, using the Shibarium Scan block explorer, that at time of writingthe last block was added seven hours ago. A number of preceding blocks had been mined but were still awaiting import at the time of publication.The last block on the Shibarium was mined seven hours ago. Source: ShibariumScan


Related:Binance approves Shiba Inu as collateral asset


Another screenshot allegedly showed one Shibarium user coming up against technical issue with the block scanner, saying that they were unable to query their bridged balance over the RPC.but wait there"s more! pic.twitter.com/EkhLuGTT7S— ʎppɐꓷ ɯooɹɥS (@shroom_daddy) August 16, 2023


The Shibarium RPC website is down at the time of writing.


Members of the community believe this could indicate a flawed bridge, with the total sum of locked funds amounting to nearly $2.46 million — comprised of $1.7 million worth of Ether (ETH) and an additional $762,000 worth of Shibarium’s governance token BONE.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Experts want to give AI human ‘souls’ so they don’t kill us all# Blockchain# Cryptocurrencies# Altcoin# Layer2# Shiba InuAdd reactionAdd reactionRelated NewsHow to use index funds and ETFs for passive crypto incomeIlluvium"s collapsing token represents the problems with GameFiPayPal stablecoin launch sparks wave of fake PYUSD tokens

News Feed

Examiner Appointed to Celsius Bankruptcy Case, Crypto Lender Files for Access to $23M in Stablecoins
Examiner Appointed to Celsius Bankruptcy Case, Crypto Lender Files for Access to $23M in Stablecoins According to a recently leaked recording stemming from the bankrupt crypto lend
73% of Argentines Say Cryptocurrency Best for Saving in Economic Crisis: Survey
73% of Argentines Say Cryptocurrency Best for Saving in Economic Crisis: SurveyA survey of Argentina’s citizens shows that 73% believe cryptocurrency is the most effective sav
Lowering developer friction is key for mass-scaling blockchain applications — Polygon co-founder
Zoltan Vardai10 hours agoLowering developer friction is key for mass-scaling blockchain applications — Polygon co-founderBuilding developer-centric scaling solutions is key for the next “breakout” blockchain app, P
Latam Insights — Alliance Against Inflation, BTG Pactual Launches Stablecoin, and Argentina Debuts New Dollar
Latam Insights — Alliance Against Inflation, BTG Pactual Launches Stablecoin, and Argentina Debuts New Dollar Welcome to Latam Insights, a compendium of the most relevant crypto
Binance denies reports of DWF Labs market manipulation
Zoltan Vardai13 hours agoBinance denies reports of DWF Labs market manipulationDWF Labs was first hit by market manipulation accusations in September 2023.2211 Total views10 Total sharesListen to article 0:00NewsOwn this
Crypto Exchange EurekaX Offers Liquidity Throughput for Traders, Announces 300 ERK Signup Bonus for Early Adopters
Cryptocurrency exchanges are an intricate part of the digital asset industry, as they provide token traders the ability to maximize the fungible quality of tokens. However, a major limitation is liquidity, which is the a
Cardano refutes rumors it abandoned its scaling project Hydra
Martin Young2 hours agoCardano refutes rumors it abandoned its scaling project HydraHydra being abandoned is “just pure FUD,” wrote Cardano co-founder Charles Hoskinson in a post on X.1296 Total views6 Total sharesLi
Ana Paula Pereira3 hours agoAlchemix reports return of all stolen funds from Curve poolsThe attacker started returning stolen funds after accepting nearly $7 million in bug bounty. Funds had been returned to Alchemix and
LBank Exchange Will List IX Token (IXT) on July 7, 2022
LBank Exchange Will List IX Token (IXT) on July 7, 2022 press release PRESS RELEASE. INTERNET CITY, DUBAI, Jul. 6, 2022 – LBank Exchange, a global digital asset trading platf
Tom Mitchelhill6 hours agoWhy did Bitcoin drop? Analysts point to 5 potential reasonsBitcoin"s price fell approximately 8% in a span of 10 minutes, leaving crypto investors scrambling to make sense of the drop.19695 Tota
Turner Wright4 hours agoBook describes Sam Bankman-Fried with little attention span or respect for appointmentsThe former FTX CEO was reportedly invited by Vogue editor-in-chief Anna Wintour to be her special guest at th
Yashu Gola13 hours agoCan XRP price hit $1? Watch these levels nextXRP price almost doubled after Ripple’s legal win against the U.S. SEC. But can its rally continue after nearly reaching $1?28568 Total views14 Total s