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Offchain Labs Developer of Arbitrum Acquires Prysmatic Labs

For validating Ethereum transactions, Prysm is used by 41.5% of all node validators. Arbitrum is now the most popular rollup solution on Ethereum. On Wednesday, Offchain Labs, developer of Arbitrum announced that it has acquired Prysmatic Labs. The latter is one of the major software development teams responsible for maintaining,

October 13, 2022 1 min read

Reserve Bank of India (RBI) Reveals Upcoming CBDC Plans

The paper provides a concise overview of the rationale for the launch of CBDC. Since its inception, the RBI has been wary of public blockchains and cryptocurrencies. In a 51-page memo released on October 7, the Reserve Bank of India (RBI) detailed the planned characteristics and rationale for the central

October 8, 2022 2 mins read

Systematic Alpha Launches Systematic Alpha Cryptocurrency Arbitrage Fund

MIAMI–(BUSINESS WIRE)–#arbitrage–Systematic Alpha GP, Ltd., an affiliate of Systematic Alpha Management, LLC (“SAM”) which manages the Systematic Alpha Intraday Trading Program, has launched the Systematic Alpha Cryptocurrency Arbitrage Fund trading pure arbitrage in digital assets on major cryptocurrency exchanges. The Fund started trading in May 2022, employing a proprietary pure

October 7, 2022 2 mins read

SIMBA Chain awarded SpaceWERX Orbital Prime Contract

SIMBA Chain has been awarded a Phase 1 STTR under the SpaceWERX Orbital Prime Program SOUTH BEND, Ind.–(BUSINESS WIRE)–SIMBA Chain announces it has been selected by SpaceWERX for a STTR Phase I in the amount of $250,000 to investigate how SIMBA’s blockchain technology may enable In-space Service Assembly and Manufacturing

October 5, 2022 3 mins read

OpenSea Integrates Ethereum Scaling Solution Arbitrum

Arbitrum will join Ethereum, Solana, Polygon, and Klaytn as the fifth network. Periodic declines have hit other markets including LooksRare and Rarible. OpenSea, a prominent NFT marketplace, has said it would include Arbitrum, a layer-2 Ethereum scaling solution. After tomorrow’s successful deployment, Arbitrum will join Ethereum, Solana, Polygon, and Klaytn

September 21, 2022 2 mins read

Hacker Steals $370K Via Avalanche Flash Loan Arbitrage Attack

According to CertiK, there were three potential protocols affected. CertiK’s on-chain security software, Skynet, detected assault at 7:26 pm UTC on Tuesday. On Tuesday night, a flash loan attack was carried out using the Avalanche network. A specific smart contract and many liquidity providers were the targets of the assault.

September 7, 2022 2 mins read

RBI to Trial CBDC With the Participation of Public-Sector Banks

RBI asked four government-owned banks to participate in the CBDC trial. Recently, the RBI declared that the CBDC will launch in 3 stages. Ahead of the launch of the central bank digital currency (CBDC), India’s central bank, the Reserve Bank of India (RBI), has reportedly requested four government-owned banks to

September 7, 2022 2 mins read

Ethereum L2 Arbitrum Nitro Upgrade Was Accomplished

The scaling network Arbitrum moved to Nitro on 31st August. Bellatrix upgrade will be antecedent to “The Merge”. Ethereum network has updates queued in the coming days. The scaling network Arbitrum moved to Nitro on 31st Aug, as per a tweet made by the network. A Fully integrated layer 2

September 1, 2022 2 mins read

U.S Supreme Court Rejects Coinbase’s Appeal Over Arbitration

The cryptocurrency exchange requested a stay of proceedings until dispute is resolved. The defendant has requested the court to not reject the intervention plea. Coinbase, the biggest cryptocurrency exchange in the United States, has come under SEC inspection for purportedly offering securities on its website. The exchange now faces even

August 11, 2022 1 min read

Indian Finance Minister Expresses RBI’s Demand for Crypto Ban

The Indian Finance Minister declared that the RBI recommended crypto regulation. Government expects international collaboration for any effective regulation. The Indian Finance Minister, Nirmala Sitharaman has recently revealed that the Reserve Bank of India (RBI) has put forward a suggestion to the government, to frame cryptocurrency regulations. The government needs

July 18, 2022 2 mins read