Shiba Inu (SHIB) has announced the launch of registration for ‘Shib Names’ amid a notable increase in its price. The news, revealed on Wednesday in the latest issue of Shib Magazine, generated excitement among the SHIB community, driving optimism for a possible significant increase in the price of SHIB to reach the coveted $0.001. The launch of registration for ‘Shib Names’, announced in the magazine, gave users the exclusive opportunity to claim their desired names at discounted rates before they were made available to the general public.

Shibarium network activity soars even though the price of SHIB has fallen more than 20% since the tumultuous launch of the layer 2 network.

The total number of wallets on Shiba Inu's newly launched Layer 2 blockchain, the Shibarium Network, has surpassed one million: it has had a meteoric rise since its relaunch.

The milestone – announced in a blog post on September 3 by the official Shibarium team – means that at least 900,000 wallets have been added since Shibarium's relaunch on August 28, and just two weeks after the Shibarium network went live. launched for the first time, although with some technical problems.

With the motto “not everyone can run a server, but everyone can run an app,” the BTCPay Server team, an open source payment processor, confirmed that it is working on the development of a mobile application that allows running a La node. Lightning network. Through this mechanism, merchants have the possibility of receiving payments with bitcoin through Bitcoin's second layer network or from the main network, without having to resort to trusted third parties such as exchanges and without paying commissions.

Bitcoin decentralized the defense of value in the digital sphere, thus providing humanity with the best way to protect itself from attacks on private property. This is, without a doubt, one of the best technologies currently available but unfortunately it only works—by itself—in cyberspace. Bitcoin can't do anything directly to help us defend ourselves in the physical realm, in the flesh space. For this we must resort to a much older but no less current technology: firearms.

The United States Federal Bureau of Investigation (FBI) warned that two hacker groups of North Korean origin recently moved more than 1,500 bitcoins (BTC) from several carried out robberies, and they intend to liquidate them for more than USD 40 million.

In a press release published on Tuesday, August 22 on its official website, the FBI noted that in recent hours they tracked financial movements of two hacker groups from North Korea, known as Lazarus Group and APT38.

Binance, the largest bitcoin (BTC) and cryptocurrency exchange, reported this Wednesday the withdrawal of its prepaid card in the regions of Latin America (which includes Argentina, Colombia and Brazil), the Middle East and North Africa.

In an email sent to users and a blog post, the company notified that the Binance Card program will end in those regions on September 21. From that date, cards issued in those places cannot be used, as they will be rejected in businesses.

Last week, Shiba Inu (CRYPTO:SHIB) introduced its highly anticipated layer 2 solution, Shibarium, despite some teething problems.

What happened to Shibarium?

The main goal behind the development of Shibarium was to address the scalability issues of Ethereum (CRYPTO:ETH) head-on. By increasing transaction capacity and reducing costs, this solution aimed to elevate Shiba Inu beyond its origins as a simple meme currency.

SHIB developer Shytoshi Kusama provided an update on the team's progress on Sunday. He said: "Today, the team focused on ensuring perfect security measures and started deep testing on the blockchain. Shibarium is currently available (but in private mode) producing blocks as usual."

Bitcoin Jungle, Costa Rica's bitcoin (BTC) citadel or circular economy project, reported yesterday on a new service available to bitcoiners residing or visiting the country. This is Market & More, an online marketplace, with delivery included, that accepts payments in bitcoin (BTC) through the free and open source processor BTCPay Server.

The new service is gaining special attention among Costa Ricans who live in remote areas such as the Uvita, Dominical and Orochal beaches, where the Bitcoin Jungle community is growing. This is because Market & More allows customers to purchase products online at any time, which are then delivered within the next few hours.

For a couple of years, August 21 has been a date that appears specially marked on the calendar of the bitcoiner community. It is because today is Bitcoin Infinity Day, a date to highlight and honor one of the unique characteristics of Bitcoin.

Bitcoin Infinity Day is a symbolic event that has been celebrated every August 21 since 2021, at the initiative of the Swedish writer Knut Svanholm. The date was chosen because "8/21" (as written numerically in some Northern Hemisphere countries) can be seen as a representation of the infinity symbol (∞), and the number 21 relates to the maximum supply limit. of Bitcoin, which is 21 million coins.

The recent drop in the prices of bitcoin (BTC) and the rest of the cryptocurrencies brought with it various effects, among them, the reduction in the depth of the digital currency market on the Binance and Coinbase exchanges.

“BTC's 1% market depth was halved on Binance and Coinbase in just 2 hours,” explained the market analysis firm Kaiko, on its X social network account (formerly Twitter).

1% market depth refers to the amount of bitcoin that is available to be bought or sold at a price that is 1% higher or lower than the current market price.

The team behind the newly launched Shibarium mainnet has denied reports of bridge issues and asset losses, stating that screenshots circulating in the crypto community are fake.

In a blog post published on August 17, Shytoshi Kusama, co-founder of the Shiba Inu ecosystem, blamed the massive influx of transactions and user activity for causing technical difficulties in Shibarium, a Layer 2 scaling blockchain for Ethereum launched hours before.

15 years ago Satoshi Nakamoto registered the Internet domain Bitcoin.org, at a time when the entire world was unaware that this fact was the prelude to the launch of a discovery with the power to change the trajectory of the future of humanity.

On August 18, 2008, a person or group of them used the pseudonym Satoshi Nakamoto to register the domain of the website that subsequently became a point of reference for the community revolving around Bitcoin, as it has remained until today.

Bitcoin (BTC) fell this August 17 from USD 29,000, the support (minimum zone) that it had maintained for two months. At the time of this publication, it is trading around USD 28,500, its lowest price since June 21.

With this scenario, the analyst known as Mustache noted that “BTC is approaching very important lines.” These are the 200-week simple moving average (SMA), the 21-week EMA, and the upper Gaussian channel zone, as seen below.

The Tether team, the company that issues the token pegged to the price of the USDT dollar, announced today that it is abandoning support for 3 cryptocurrency networks.

“As a principled organization, we must be consistent and transparent, and adhere to open processes, even if it involves difficult decisions,” argued Paolo Ardoino, CTO of Tether, through a statement.

Of the 3 networks that Tether abandons, OmniLayer is the most striking, because it was the first network to offer support for USDT when it emerged in 2014. Omni Layer is a second layer Bitcoin network that allows its users to create and distribute tokens , run smart contracts and launch decentralized applications (dApps). “This decision hurts especially when it comes to the initial Omni Layer transport layer,” Ardoino said.

Developers Ben Carman and Toni Giorgio found a "doomsday scenario" in which the effectiveness of blind routes would be reduced, an update that would be implemented on Bitcoin's Lightning network in the short term.

An LN Markets article by Fanis Michalakis explains the weak spot that Carman and Giorgio discovered around blind routes. The post first explains that blind routes aim to improve privacy on the Lightning Network by hiding half of the payment route from each of the participants.

The Joint Commission of the National Congress of Brazil approved an amendment that proposes increasing taxes charged to Brazilians who have investments abroad, including those related to cryptocurrencies.

The amendment was included in a provisional measure presented by the Executive last May, which was evaluated and approved by the Commission this August, based on a report presented by deputy Merlong Solano (PT-PI).

Although the text sent by the government focuses on the adjustment of the minimum wage for 2023, in the end amendments were added related to the taxation of cryptocurrency investments abroad.

The co-founder of the network referred to second layer networks and generated controversy in the ecosystem.

Second layer (L2) scalability solutions on Ethereum are, for many, the future that will enable the growth of this network. Vitalik Buterin thinks so too, although he also states that L2s have "back doors" that developers could use to fix certain flaws.

Specifically, Vitalik Buterin expressed that “rollups and all the L2s that exist on Ethereum today have what I call 'training wheels', a kind of backdoors with which developers enter, save assets and change the protocol if "They see some kind of error happening."