In the past few weeks, Ethereum (ETH), the second largest market capital-holding cryptocurrency, has encountered a challenging environment marked by bearish pressure, setbacks, and negative sentiments from industry luminaries. These factors have contributed to ETH’s decline; while it briefly reached $1666 in September, it could not sustain these gains for
Blockchain Layer 2 protocol Arbitrum (ARB) has been making significant strides in the crypto space, and its native token, ARB, is recovering from a bearish trend amid its ongoing upgrades and future plans. In a major development, the blockchain oracle network Chainlink has joined forces with Arbitrum to advance cross-chain
The plan to sell 116 million OP tokens to seven individual purchasers have been made public by Optimism as part of its treasury management strategy. Considering the current market price of OP tokens, the sale will generate approx. $159M. While it was speculated that Optimism will “dump” its tokens on
Linear Finance suddenly announced today through twitter that its native stablecoin, LUSD, may be vulnerable to an exploit assault. The team has taken swift action in response, which has caused widespread alarm among crypto users. 🗣️Urgent Update Re $LUSD 📢 The Linear stable coin $LUSD appears to be under an
After a rigorous testnet period, a new decentralized marketplace for Bitcoin hashpower goes live Sept. 26th on the Arbitrum One network CHICAGO–(BUSINESS WIRE)–#bitcoin–The Lumerin Hashpower Marketplace will officially launch on September 26th, unlocking global access to Bitcoin mining hashpower for Web3 users. Launching on September 26th on the Arbitrum One
In order to provide a safe and user-focused trading platform, AllianceBlock has recently unveiled the Nexera Exchange, a creative take on a decentralized exchange featuring a variety of cutting-edge features. Nexera has implemented a cutting-edge on-chain limit order book to the exchange today. The Nexera Exchange is a strategic reaction
When India’s largest cryptocurrency exchange, CoinDCX, raised over $90 million from investors led by B Capital Group last month, it became the first cryptocurrency unicorn in the nation. The exchange announced lately that it has become a member of the renowned ARIFAC alliance. The CEO of CoinDCX Sumit Gupta announced
Statistics from blockchain analytics provider BaseScan shows that Layer-2 Network Base broke its previous record for daily transactions, set on launch in August. Base reached 1.88M transactions on September 14, exceeding the earlier record of 1.41M transactions reached on August 21. The layer-2 network processed more transactions than Optimism and
After a serious cyberattack, FTX has finally fixed its claims site. Kroll, FTX’s third-party agency managing creditor claims, was the planned victim. However, FTX responded quickly, freezing impacted user accounts as a preventative action to guarantee the safety of its customers. Interestingly, a technique known as “SIM swapping” was the
After being investigated and hit with a large fine, South Korean crypto lender Delio is reportedly getting ready to file an administrative lawsuit against authorities over its misinterpretation of the law. The local media said that Delio stated the Financial Service Committee’s (FSC) claims of fraud and theft are unfounded.
