Retail Giant Newegg confirms SHIBA INU is coming soon
Two weeks after AMC accepts SHIB as a payment method, a major tech-focused e-commerce platform, Newegg, has announced that SHIB is coming soon to its platform.
The platform currently accepts a number of cryptocurrencies via Bitpay. The crypto payment service provider is expected to add SHIBA INU to its list of supported cryptocurrencies, which includes the rival meme cryptocurrency Dogecoin (DOGE).
Each Solana TX uses less energy than 2 Google searches
Solana Foundation’s stated that a single transaction on its network uses 0.00051 kilowatt-hour (kWh), or 1,836 Joules, of energy. According to Google, an average search uses 0.0003 kWh or 1,080 Joules of energy. This means that a transaction on the Solana network takes less energy than two Google searches.
Bitcoin processes more dollar value than PayPal, could surpass Mastercard by 2026
Just recently, Bitcoin overtook the giant payment tech company, PayPal, in terms of value transfer. At the time of writing, the Bitcoin network recorded about $489 billion in processed value per quarter while PayPal’s value was around $302 billion.
Market intelligence platform Blockdata has suggested in a new report Bitcoin could outstrip credit card giant Mastercard in the number of dollar transactions value processed.
NFT Studio is launched on Internet Computer Protocol (ICP)
Dfinity Foundation announced launching NFT Studio, a 3D and interactive NFT platform running on the Internet Computer protocol, enabling creators to design, mint, and stake regular and interactive 3D NFTs.
Decentralized exchanges near $100 billion in monthly volume for November
According to The Block’s Data Dashboard, the total volume for November is approximately $99.5 billion as of November 28. Uniswap v3 and v2 exchange protocols have constituted the bulk of the monthly volume for November, reporting $47.37 billion and $24.07 billion, respectively.
UK digital services tax targets crypto exchanges
A recent update to Her Majesty’s Revenue and Customs (HMRC) regulations has introduced a digital services tax that will be levied on cryptocurrency exchanges operating in the United Kingdom.
Crypto exchanges in the UK will now have to pay a 2% digital services tax. Britain’s tax authority, HMRC, does not recognize digital assets as financial instruments and therefore exchanges are not eligible for financial exemptions.
SAND rallies 83% in 1 week to become Top 50 Cryptocurrency
Popular Metaverse token SAND catapulted into the top fifty cryptocurrencies by market capitalization at number 32, after growing 83% in the last 7 days.
Travala.com partners with Dtravel to integrate TRVL
Travala.com, the world’s leading cryptocurrency-friendly online travel agency, and Dtravel, a decentralized home-sharing platform, announced a strategic partnership to integrate Dtravel’s TRVL token on the travel website’s platform.
The first halving for QTUM will be on Dec.1
QTUM halving, the process of halving the rewards of mining token after each block is mined, will be implemented on Dec.1.
By reducing rewards for miners and putting a hard limit on coin supply, the halving process has a deflationary effect and supports a rise in the coin price over the long-term.
Boba Network (BOBA) becomes the 2nd largest Ethereum Layer 2
According to data compiled by Ambcrypto, Boba Network, an Ethereum Layer 2 scaling & augmenting solution built by the Enya team, has surpassed dYdX to place itself in the #2 spot with $1.3 billion in TVL.