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
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
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
Over 13 million e-naira wallets have been installed in Nigeria since October 2022. And the value of transactions in the country’s central bank digital currency (CBDC) increased by 63% to $47.7 million (₦22 billion). In his March 21 address to the local press, Governor Godwin Emefiele also said that the
El Salvador is obviously focused on technological improvements as the rest of the globe contends with banking and other economic issues. Consequently, President Nayib Bukele intends to do away with all taxation related to technological development. Income, property, and capital gains taxes, as well as tariffs on imported goods on
On Thursday, March 23, in the wake of the short seller report by Hindenburg Research, Block Inc. (NYSE: SQ) stock was bought in large quantities by Ark Investments founder and CEO Cathie Wood. The prices of the stock fell 15% amid the recent Hindenburg report on Jack Dorsey-led Block. Ark
The United States Securities and Exchange Commission (SEC) has issued a warning to investors about cryptocurrency investments. The agency has specifically mentioned digital assets that may not conform to several US rules and has urged investors to think twice before becoming involved. This development comes after a slew of regulatory
After several delays and setbacks, the long-awaited native token of Arbitrum, ARB, was released into the cryptocurrency market today. The value of one Arbitrum (ARB) token has dropped by almost 90% from its IOU price and is now trading in the range of $1. Just 16% of the ARB airdrop
On March 23, the UAE’s Central Bank unveiled its Central Bank Digital Currency (CBDC) strategy, dubbed “The Digital Dirham.” The Central Bank of the United Arab Emirates (CBUAE) has partnered with G42 Cloud and R3, respectively, to supply the necessary infrastructure and technology for its digital currency initiative. Moreover, a
