Jimbos protocol is the latest decentralized finance (DeFi) system to be hacked, resulting in a substantial loss of funds in the cryptocurrency market. Jimbos protocol, the Arbitrum system’s liquidity mechanism, was hacked on May 28 morning, according to blockchain security company PeckShield. The hack caused a loss of 4,000 Ether,
Ethereum Layer 2 scaling solution Arbitrum and the decentralized blockchain oracle network Chainlink have announced the release of Chainlink Verifiable Random Function (VRF) on Arbitrum One. This gives programmers access to one of the most popular RNG used in the blockchain industry. On May 22nd, Chainlink and the Arbitrum Foundation
In its most recent performance report, Ethereum’s Layer-2 based scaling protocol Arbitrum (ARB) demonstrated its superiority over the latter network in terms of the total number of transactions executed. 3/5 Ecosystem Milestones: Yesterday both Arbitrum One (1.26m) and Arbitrum Nova (1.18m) processed more transactions than Ethereum (939k). We’re witnessing Ethereum’s
Recently, Arbitrum, a top Layer-2 scaling solution for Ethereum, began distributing its governance token, ARB. The network has allocated 1.13 percent of its total token supply of 10 billion to airdrops for eligible DAO projects as part of its strategy. The full distribution of the DAO airdrop will take place
The newly launched token, ArbDoge (AIDOGE) obtained a positive response from the Arbitrum community. Due to the reality that it distributed airdrops to Arbitrum airdrop users, AIDOGE on Arbitrum has recently sparked discussion in the community. AIDOGE is a deflationary Token. It will be utilized by AIDOGE ecosystem applications. The
Lookonchain, a cryptocurrency firm that analyzes and tracks data, recently announced on Twitter that a substantial amount of Arbitrum (ARB) had been transferred to Binance. The transaction was carried out by the largest buyer of ARB tokens on the Arbitrum listing, who transferred 9.94 million ARB tokens. It is valued
There is just one day left for governance votes to be cast, and it seems like 700 million ARB tokens “unjustly allocated to the Foundation from the DAO” will be returned by the Arbitrum community. This proposal is called Arbitrum Improvement Proposal 1.05. As of this writing, more than 83%
Binance, the cryptocurrency exchange with the largest market capitalization, recently announced adding new trading pairs to its spot platform. Binance has recently introduced new digital currency pairs, and fiat currency pairs on its platform. The exchange has included the Russian Ruble (RUB), Turkish Lira (TRY), and Polish Zloty (PLN) as
A new proposal has been submitted by the Arbitrum community, which asks the Arbitrum Foundation to transfer 700,000,000 ARB tokens back to the DAO Treasury. In March, the Arbitrum Foundation moved the money without consulting the community beforehand. The suggestion states that the foundation’s financial plan should continue only when
The community has spoken out against the chaos that was produced by the initial governance proposal for Arbitrum, hence the company leading the development of the layer-2 scaling network, the Arbitrum Foundation, has announced that it would be splitting AIP-1 into multiple smaller proposals. The Arbitrum DAO voted unanimously on
