Ethereum layer-2 rollups Arbitrum and Optimism’s daily transactions have increased in recent months. Meanwhile, Ethereum (ETH Mainnet) is experiencing a minor downtrend. As per reports daily active users have lately increased on Arbitrum and Optimism. The optimistic rollups, Arbitrum and Optimism aim to lower the cost of transactions for the
FTX collapse led to the winding down of cryptocurrency trading and custody services once again in 2022 crypto history. As the crypto market recovers with the start of 2023, Today the global cryptocurrency market turned to bullish price momentum. Also, the market cap of all cryptos increased to $889 billion.
Last week, the Thai Securities and Exchange Commission (SEC) announced the opening of “Crypto Academy.” An initiative to make available educational materials and training programmes on cryptocurrency and related topics. The regulator said that the program’s goal is to educate the public about digital assets and blockchain technology. So that
In February of 2022, Kevin Rose, an early Facebook and Twitter investor, and Justin Mezzell, a designer, launched a firm centered on NFTs. The Proof Collective and Oddities NFT lines are also available through the business. Rose hinted on Twitter on January 6 that the deal’s primary motivation was to
With the help of a $3 million grant, DeLabs, the company behind the popular Solana NFT collections DeGods and y00ts, migrated y00ts to the Ethereum sidechain Polygon. Frank (aka Rohun Vora), the company’s founder, said in a Discord post that the money will be used for recruiting and the establishment
SuperRare, a Non-Fungible Token (NFT) marketplace, has declared a 30% workforce reduction. The curated NFT firm CEO John Crain revealed the 30% layoff on his Twitter account by posting a screenshot on January 7. Crain claimed in a statement shared on Twitter that the firm had to shoot up rapid
Mutant Ape Planet, the creator of a Mutant Ape Yacht Club rip-off line, has been detained in New York and accused of running a rug pull scam to swindle investors out of $2.9 million. On January 4, a homeland security agent named Ivan J. Arvelo arrested a French citizen named
The price of Shiba Inu (SHIB) is on the rise as Ethereum “whales” buy up large quantities of the cryptocurrency. Community members anticipate a dramatic increase in SHIB burn and usefulness on the chain in 2023, as main developers Shytoshi Kusama and Trophias, together with the Shiba Inu Ecosystem, tease
According to data provided by YCharts. The discount at which the Grayscale Ethereum Trust (ETHE) trades in relation to the price of Ethereum (ETH) is at an all-time high of 59.39%. Although the fund has historically traded at a premium to ETH. Since November 2021 it has consistently traded at
Ethereum’s total transactions have more than quadrupled that of Bitcoin. However, BTC remained the most popular crypto in 2022. And, despite the fact that ETH has received more transactions, Bitcoin has remained in the same position. BTC remains the undisputed monarch. According to data from Nasdaq and Ycharts posted on
