Despite technical difficulties, the Arbitrum team was able to successfully complete the airdrop on March 23. Nevertheless, the team now has to deal with the consequences of hacks and thefts on the platform’s users. Arbitrum’s official Discord channel has been hacked, as reported by several prominent members of the crypto
Brian Armstrong, CEO of Coinbase, has said the company would begin making political contributions to pro-cryptocurrency politicians in upcoming US elections. In addition, the announcement is timed to coincide with the company’s receipt of a Wells Notice from the US Securities and Exchange Commission (SEC) recently. Armstrong called for the
Recently, there have been some substantial changes in the cryptocurrency industry, and various cryptocurrencies are making the news. Investors and traders have been paying special attention to Polygon (MATIC). An Ethereum blockchain-based Layer 2 scaling solution is known as Polygon (MATIC). Compared to the Ethereum network, it is intend to
There seems to be nothing but negative news for the Venezuelan crypto sector. Especially since Superintendent of Cryptoassets Joselit Ramirez was arrested. And President Nicolas Maduro ordered a reorganization of the country’s crypto regulatory body. In a recent development, Venezuela’s National Superintendency of Cryptoassets “Sunacrip”—the country’s crypto regulator—ordered the shutdown
Recently, attorneys for FTX Group and Modulo Capital revealed their desire to settle out of court, thus wiping away 99% of the VC firms’ books. Today, FTX announced plans to sell its ownership in Mysten Labs back to Mysten in an effort to raise as much money as possible. Unlike
The U.S. Securities and Exchange Commission (SEC) seems stubborn. In order to make it more difficult for cryptocurrency firms to operate in the United States and beyond. It’s no secret that SEC chair Gary Gensler isn’t a fan of the cryptocurrency market. Under his watch, the agency has taken a
Crypto 306 is set to organize its annual event to assemble the global crypto community under one roof. This year, the event will be held on the 8 & 9th of May at The Ritz-Carlton Hotel, Dubai, and will focus on increasing awareness about crypto projects by bringing together traditional
On Wednesday, the U.S. Securities and Exchange Commission (SEC) filed charges of fraud against Chinese cryptocurrency entrepreneur Justin Sun. Among the eight celebrities included in the SEC’s complaint are Lindsay Lohan and Soulja Boy. Since August 2017, Sun and his businesses have been accused of conspiring to distribute billions in
Nasdaq, the exchange company, is stepping in to fill the void left by the recent failures of other crypto intermediaries. Earlier in 2022, in September, it was revealed by that Nasdaq Inc. was planning to provide its own cryptocurrency custody services. The most current information indicates that the rollout of
Binance, one of the most prominent cryptocurrency exchanges, has announced that it has finished a brief period of system maintenance and that trading has resumed as usual. Earlier on Friday, the exchange said that it would temporarily halt all spot trading on the platform. Resolving an issue is expected to
