Lawsuit Filed by Ripple Against UK Money Transfer Service; BONE Now Traded on Australian Exchange; Shiba Inu Coin Experiences 2,180% surge in Whale Transactions - Daily Crypto News Roundup by U.Today
In the world of cryptocurrency, two significant developments have emerged over the past few weeks. On the one hand, Turkey-based crypto exchange ICRYPEX has recently added BONE, the native token of the Bone ShibaSwap ecosystem, to its platform. On the other hand, the Shiba Inu (SHIB) cryptocurrency has experienced a substantial increase in large transaction volume, totaling 8.97 trillion SHIB, which is indicative of strong institutional player or "whale" activity.
However, despite these exciting developments, there is no publicly available information indicating that Ripple, the blockchain company behind the XRP cryptocurrency, has filed a lawsuit against GCC Exchange. The lawsuit, which alleges that GCC Exchange broke a deal scored between the two entities in 2022 by failing to pay invoices for XRP transfers, was filed in July 2023 and made public recently.
Meanwhile, in Australia, GroveX, a crypto exchange, has announced it will list the Bone ShibaSwap token (BONE) on Sept. 8 at 7:00 p.m. AEST. BONE deposits are already available for users on GroveX, and withdrawals will open on the day of the official listing. The token will be paired to trade against USDT and BUSD stablecoins on GroveX.
Interestingly, Shiba Inu has also seen a 2,180% spike in whale transactions, but details about the cause of this spike were not provided in the available articles. This surge in large transaction volume is a positive sign for the cryptocurrency, as it suggests that institutional players or large investors are showing increased interest in SHIB.
In other news, SHIB developer Kaal Dhairya recently announced Shibarium's new advancements, including Shibariumscan, an offering of a hosted version of Blockscout Explorer. This move aims to provide a more user-friendly and accessible platform for SHIB holders to track their transactions and monitor the Shibarium ecosystem.
As always, it's essential to keep a close eye on these developments as they unfold. While the legal status of Ripple's lawsuit against GCC Exchange remains unclear, the listing of BONE on GroveX and the surge in SHIB transaction volume are exciting developments for the cryptocurrency community.
- Crypto exchange ICRYPEX and GroveX in Australia are both adding the Bone ShibaSwap token (BONE) to their platforms for trading against USDT and BUSD stablecoins.
- The increase in large transaction volume of Shiba Inu (SHIB) indicates strong institutional player or "whale" activity, which is a positive sign for the cryptocurrency.
- The Shibarium ecosystem, developed by Shib Inu, has new advancements such as Shibariumscan, a hosted version of Blockscout Explorer, aiming to provide a user-friendly platform for SHIB holders.
- There is no publicly available information to suggest that Ripple has filed a lawsuit against GCC Exchange over a deal breach regarding XRP transfers in 2022.
- Cryptocurrency investing and finance revolve around monitoring governance, crypto news, and market trends, as shown by recent developments in cryptocurrencies like BONE and SHIB.
