

Shibarium Reopens Amidst Skepticism: What Are The Improvements?

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The Shibarium reopening follows the initial launch of Shibarium on August 16, which experienced a temporary setback when approximately $1.7 million worth of Ethereum was reportedly stuck on the Ethereum bridge.
Shibarium Reboot
Shytosi Kusama, the mastermind behind Shiba Inu's development, has announced the reopening of Shibarium on Aug. 28.
In an official blog post, Kusama shared that Shibarium is now fully operational and thriving. He disclosed that the layer has already attracted over 65,000 wallets and processed a remarkable 350,000 transactions. Notably, Shibarium's user base is exploring an array of tokens, showcasing the network's diverse utility.
Kusama took the opportunity to express gratitude to various contributors, including the Polygon team, who played an instrumental role in the evolution of Shibarium. He emphasized that the strategic decision to fork Polygon was the right path forward, highlighting Shibarium's current success as a result of the collective effort.

Swift Withdrawal Process
The announcement laid out the procedure for withdrawing different tokens from Shibarium. The system is designed for efficient withdrawals, typically clearing within a reasonable timeframe of 45 minutes to 4 hours.
As per Kusama, users can now smoothly withdraw various assets, including SHIB, LEASH, and wrapped Ether (WEth) tokens. However, withdrawals involving the native BONE token might require a longer window of up to seven days for processing, aligning with the network's intended design.
This reopening of Shibarium follows its initial launch on August 16, an event marked by approximately $1.7 million worth of Ethereum getting temporarily trapped on the Ethereum bridge.
In response to this incident, the Shibarium development team clarified that the bridge was not at fault. Rather, the issue arose due to an extraordinary surge in user activity, overburdening the servers and exceeding their operational capacity.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Time Running Out for BNB? Why Investors Are Moving from BNB to $NUGX

Investors are turning to NuggetRush (NUGX), a mining project offering a unique mining adventure game with potential rewards.
TLDR
- BNB faces potentially reduced investor sentiment following Binance Exchange’s links to money-laundering activities.
- Binance’s founder and former CEO, Changpeng Zhao, has already resigned.
- NuggetRush (NUGX) offers high entertainment and community collaboration in its mining adventure game.
Binance Exchange has been involved in money laundering scandals as of late, leading to the resignation of its founder as CEO. Analysts say the controversy would likely increase negative sentiment for BNB.
Disappointed BNB holders are now turning to NuggetRush (NUGX), a mining project whose ongoing presale has risen by 30%. NuggetRush (NUGX) offers various rewards, including the opportunity to win real gold.
Yet, can this make it the best option out of available new ICOs? Let’s discuss.
BNB November Gains Undone By Money Laundering Scandal
The bullishness in the crypto market in November increased investor sentiment for several networks. Like many top altcoins, BNB started November with a rally.
Yet, BNB’s investor sentiment dropped sharply following Binance’s controversial involvement in money laundering schemes. On November 28, Changpeng Zhao resigned as CEO of Binance due to negligent behavior toward money laundering activities.
BNB’s decline has undone all its November gains. At the start of November, BNB was trading at $228.00, By November 20, BNB had jumped by 11.24% to $253.64. BNB dropped $229.30 by December 2, a few days after Changpeng’s resignation.
Binance is among the most active exchanges, with a daily trading volume of over $50 billion. Still, the recent controversy around money laundering activities has reduced its social sentiment.
Many investors are pulling their funds off Binance, which has pushed its withdrawals over $1 billion. Analysts expect this trend to continue in the short term. This could worsen BNB’s prospects, dropping it by 15.8% to $213.45.
NuggetRush: Round 3 Growth Stuns P2E Experts.
NuggetRush is a mining game with strong potential to become one of the most popular NFT projects. The game features a mining rush, where players will mine rewards like gold. NuggetRush offers a challenging environment that features the day-to-day life of artisanal miners.
Players will dig shafts, set up tunnels, and use several real-world soil sampling techniques. The main goal is to set up a booming mining business. Players will find and excavate material rewards. In return, NuggetRush (NUGX) will give players NFT characters and mining equipment.
The game will also reward players with in-game currency. Players can then invest this in-game currency into upgrading their player characters and machinery. This gives them higher value, which players can realize on NuggetRush's (NUGX) marketplace.
Finally, NuggetRush offers NFT staking, thus allowing players to earn money from holding their assets. This further increases earning opportunities for NuggetRush members.
NuggetRush's blockchain ICO has grown by 30% since its launch. In the first round of NUGX's presale, its value was $0.010.
By round three, NUGX's value had risen to $0.013, growing by 30%. The next round of NUGX's presale would boost its value by 15.3% to $ 0,018. Furthermore, NUGX will get listed when its value reaches $0.020.
Visit NuggetRush Presale Website
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $275. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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