• Arbitrum, a layer 2 blockchain, recently airdropped over 1 billion ARBK tokens to its community. • The Arbitrum Foundation came under fire for spending tokens without the approval of its holders, causing Fear, Uncertainty, and Doubt (FUD) for the asset. • Despite this FUD, the trading volume of Arbitrum has seen a massive boost […]
• Kokomo Finance deployed a non-custodial lending protocol on Optimism and Arbitrum. • CertiK, a blockchain security firm, tweeted on March 26 that Kokomo Finance had stolen $4 million in user funds. • The deployer of the protocol had programmed the smart contract to illegally pull out liquidity from its pools, drastically impacting the token’s […]
• Microsoft Edge is potentially integrating a crypto wallet feature in its web browser. • The feature appears to include a cryptocurrency wallet, an explorer for decentralized applications, a news feed, and the option to purchase crypto assets. • Coinbase and MoonPay are integrated platforms that will help users buy and deposit crypto to their […]
• Crypto Ponzi scheme led to the loss of funds for up to 30 Latino investors. • Mauricio Chavez and Giorgio Benvenuto were running an unregistered crypto-asset offering. • 90% of investor money was used to pay out other investors, develop real estate, and fund Chavez’s lifestyle. Crypto Ponzi Scheme Claims Investor’s Funds The Latin […]
• Bitcoin’s price dropped on Saturday leading the majority of the market down with it. • Investors expect more downward trend for BTC, with a 5.67% decline by the end of March predicted by Coinmarketcap’s Price Estimates feature. • According to Crypto Fear & Greed Index, investors are feeling neutral towards the market but sentiment […]
• PlayStation’s tweet mentioning Shiba Inu sparked speculation of a SHIB-themed game, but it is likely that the reference was only to the dog breed. • The new trailer features an opening sequence of a Shiba Inu moving through hordes of people in colorful clothing. • There has been little reaction from the SHIB price, […]
• Polygon (MATIC) is seeing a significant price surge of 11.31% in the past 24 hours, with market cap and trading volume also spiking by 11.46% and 18.39%, respectively. • Research analyst Tom Dunleavy highlighted some of the recent developments on Polygon, such as testing its zkEVM ((zero-knowledge Ethereum Virtual Machine), increased number of addresses […]
• Hermès has successfully sued NFT creator Mason Rothschild to protect the likeness of their iconic Birkin bag. • The jury found the fashion brand to be well within their rights to be awarded damages, which totaled roughly $130,000. • This ruling will serve as a precedent for how NFT lawsuits and legislation are evaluated […]
• The UK plans to regulate the crypto industry in an effort to control crypto-related businesses and protect consumers. • The proposal focuses on consumer protection and clamping down on loan activities between multiple crypto firms. • The government aims to create a “robust world-first regime” to enhance operational resilience and consumer protection. The United […]
• European Union lawmakers have agreed to stricter new requirements for banks dealing with crypto and digital assets. • The new rules will require banks to hold more capital to protect customers against crypto losses, as well as disclose their crypto exposures. • The new measures are part of the Basel III International Regulatory Framework, […]