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Shiba Inu Team To Revive the Shibarium Bridge

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The Shiba Inu team revealed steps to revive the Shibarium bridge after they successfully recovered the $4.1 million, which a hacker siphoned in September. The scammer exploited loopholes and stole BONE tokens, sending them to different wallets. The team, along with the help of K9 Finance, managed to block and blacklist all the wallets, paralyzing the attacker’s motive to cash out the funds. Also Read: Shiba Inu Team Explains Why Shibarium Will Survive & Come Back Stronger Shiba Inu Team Recovers the Stolen Amount on Shibarium Source: bitcoinmagazine.com In the latest update, the Shiba Inu team announced a compensation plan for users who were affected by the Shibarium hack. However, the details of the compensation plan will be revealed in the blog. The update reads, “How will repayment work?” and continues, “We’ll share specifics when it’s safe. The design principle: fair, transparent, and auditable—with careful gating and no over‑promises.” In addition, t...

Ripple v. SEC case update as of October 13, 2023

As the courtroom standoff between the United States Securities and Exchange Commission (SEC) and Ripple awaits its official conclusion, several people with knowledge and expertise in the case have taken to public media and social platform X to share their own two cents. Indeed, one of them is Ripple’s president, Monica Long, who recently told CNBC that the blockchain company was “planning to continue to fight the case all the way through,” the media outlet shared in an article published on October 12. According to her, Judge Analisa Torres made it very clear that XRP was not a security, which had positive implications for Ripple’s business: “We also got clarity in that lawsuit. And the judge’s order in that case said very clearly XRP in and of itself is not a security, which kind of opens the doors to us to really expand our business, not just in the US but even more globally.” Cryptocurrency XRP market cap tanks $2.5 billion in a week: Is this just the start? ...