Shibarium activity has accelerated sharply in recent days, drawing attention across the crypto market. The spike pushed daily transactions past key psychological levels, signaling renewed momentum. However, the underlying data indicates the surge may not reflect genuine user demand. Instead, network upgrades appear to have driven much of the recent activity. Shibarium Transactions Surge on Upgrade-Driven Activity Data from Shibariumscan showed that the Shibarium network recorded a rapid increase in daily transactions. Activity climbed from 650 transactions on March 22 to 10,940 by March 26. This marked a 1,583% surge…
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Crypto firm files for Chapter 11 bankruptcy after founder’s arrest
Goliath Ventures, an Orlando, Florida-based crypto firm, filed for Chapter 11 bankruptcy, Bondoro reported on March 16. The company, tied to an alleged $328 million Ponzi scheme, filed for bankruptcy in the U.S. Bankruptcy Court for the Southern District of Florida. Chapter 11 bankruptcy is a court-supervised restructuring process that allows crypto firms to stabilize operations, pause client withdrawals, and repay creditors rather than immediately liquidating assets. Goliath accused of running Ponzi scheme It was on Feb. 24 that Goliath Ventures, formerly Gen-Z Venture Firm, founder and CEO Christopher Delgado…
Read MoreMystery Whale Rapidly Accumulates 35 Million in XRP in Under Hour
The aggressive accumulation indicates a major player was in a sudden rush to secure a massive position across multiple top-tier exchanges. An unknown entity scooped up more than $35 million worth of XRP in less than an hour. According to market analyst Dom (@traderview2), the mystery buyer has used a peculiarly specific algorithmic strategy in order to disguise the massive entry. “This isn’t something you see often,” the analyst noted. The unidentified entity in question set up a sophisticated bot that ended up making a total of 156 identical purchases…
Read MoreHong Kong’s Boyaa Interactive eyes $70M crypto treasury expansion
Boyaa Interactive International is the 23rd-largest Bitcoin treasury and the third-largest in Asia, behind Japan’s Metaplanet and China’s Next Technology Holding. Hong Kong-based Web3 gaming firm Boyaa Interactive International said it is seeking shareholder approval to expand its crypto treasury, planning up to $70 million in purchases over the next year. In a statement on Sunday, the Hong Kong-listed company said it is looking to use its “idle cash reserves during periods of weakness in the cryptocurrency market” to increase its existing positions and to support the research and development…
Read MoreFidelity urges SEC to move further on crypto activity by broker-dealers
Fidelity called for updated reporting rules and clearer guidance on how decentralized platforms and alternative trading systems should operate under US law. Fidelity Investments told the US Securities and Exchange Commission (SEC) on Friday that it should continue to develop the regulatory framework for broker-dealers to offer, custody and trade crypto assets on alternative trading systems (ATS). The letter from the US’ third-largest asset manager was in reply to a call for comments earlier this month by the regulator’s Crypto Task Force. Fidelity said it is “critical” for the SEC…
Read MoreParaguay Adopts Stricter Crypto Oversight, Mandates Detailed Transaction on Bitcoin Reporting
Paraguay’s National Directorate of Tax Revenue (DNIT) has issued General Resolution No. 47/26, imposing comprehensive reporting requirements for bitcoin and crypto activity. The rule targets Bitcoin (BTC) and other digital assets. It mandates that residents and entities disclose nearly all transactions exceeding $5,000 per year. The resolution requires platforms and administrators to submit detailed data, including wallet addresses, blockchain networks, and transaction hashes. Obligated parties must also report the date and time of each transaction, the amount and USD value, fees paid, and counterparty information, according to local reporting. The…
Read MoreSWIFT Taps Ripple’s Partner To Complete Landmark Trial
SWIFT’s choice to add a distributed blockchain ledger to their 50-year old financial system has caught the attention of the industry. With the ISO 20022 certification going on, DLT-designed blockchains like Ripple’s XRP Ledger, Hedera Hashgraph (HBAR) & Stellar Lumens (XLM) covers all the bases. However, the future of finance might be a merge of multiple digital ecosystems – a truly interoperable money system that moves funds in an immediate manner. To make this a reality, SWIFT just completed their interoperability pilot in collaboration with BNP Paribas, HSBC Bank, Intesa…
Read MoreShiba Inu (SHIB) Has 500 Billion Left Until Historic Threshold Is Broken
The main reason for Shiba Inu’s fall is the enormous supply on exchanges, which is finally declining. A crucial on-chain milestone that could have a big impact on Shiba Inu’s market behavior is coming up. The total amount of SHIB held across trading platforms is currently close to 80 trillion tokens, according to exchange reserve data. Importance of this threshold This level has historically served as a significant structural threshold for the asset. Exchange balances are currently only marginally above that threshold, with about 500 billion SHIB remaining before the…
Read MoreCoinbase Flags Confusion Over New U.S. Crypto Tax Reporting Rules
U.S. crypto exchange Coinbase said new federal tax reporting requirements for digital asset brokers remain complex and difficult to interpret as the industry prepares for broader compliance. The comments come as the Internal Revenue Service begins implementing a reporting framework that will require many crypto platforms to provide standardized transaction data to users and tax authorities. The reporting system centers on a new document known as Form 1099-DA. Under the rule, brokers must report certain digital asset sales and exchanges by customers. The reporting applies to transactions beginning in 2025,…
Read MoreBillionaire investor warns Bitcoin ‘will be lucky to survive’ quantum computing after this period
Canadian billionaire Frank Giustra has warned that Bitcoin (BTC) faces existential risks from quantum computing and artificial intelligence (AI). In an X post on March 8, the analyst said the cryptocurrency would be fortunate to survive the next five years. Giustra made the remark in response to a video clip featuring Block co-founder Jack Dorsey and Strategy executive chairman Michael Saylor. The clip, shared by Bitcoin infrastructure provider Maestro, shows Saylor emphasizing Bitcoin’s self-custody capability, which he said gives it ethical and moral superiority over most digital securities and supports…
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