Month: June 2023

While Arbitrum’s governance token ARB has been in a consistent downturn since the airdrop in late March, its ecosystem shows healthy growth.  A recent Nansen report shows that Arbitrum’s activity improved after the airdrop, stabilizing “at a level higher” than before the airdrop. The daily active users, gas fees and transaction count maintained consistent higher
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Blockchain investigator ZachXBT has been sued for libel by one of the people he accused of fraud, according to a June 16 social media post. According to the post, Jeffrey Huang, known as “MachiBigBrother” on Twitter, has accused ZachXBT of damaging his reputation through false allegations. MachiBigBrother also posted an announcement stating that he is
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dApp Store Kit, which was initially incubated by Polygon Labs, will integrate Ready Games’ mobile game development toolkit to help developers roll out Web3 games. dApp Store Kit’s toolkit for deploying EVM-compatible DApp stores will combine with Ready Games, allowing developers to integrate Web3 on-chain support. This will include the ability to integrate wallets and
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Bitcoin (BTC) recovered some lost ground on June 16 as markets shook off mixed United States macro signals. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView BlackRock Bitcoin ETF plan buoys markets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $25,500 on Bitstamp, after bouncing around $1,000 from the previous day’s lows. Popular
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Global cryptocurrency exchange Binance has terminated its services in the Netherlands, making an exit from the Dutch market after a bid to obtain a virtual asset service provider (VASP) license failed. The termination of services is effective immediately, and no new customers from the Netherlands can open an account with the crypto exchange. From July 17
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A crypto trading bot programmed to perform arbitrage trades made various complex moves within the Ethereum blockchain, including taking a $200 million flash loan, all to secure a mere $3.24 profit.  On June 14, blockchain analysis firm Arkham Intelligence shared a breakdown of the bot’s movements. According to the firm, the transaction was made by
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Blockchain payments technology company Ripple is set to partner with Colombia’s central bank, Banco de la República. They aim to research potential applications of blockchain technology within Colombia, a significant development in South America’s adoption of this technology. This collaboration will also involve the Ministry of Information and Communications, as they plan to test possible ways
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Hong Kong lays out the red carpet for crypto exchanges While some jurisdictions (cough: America) have adopted a regulation-by-enforcement approach toward crypto, others are doing the opposite. According to a June 15 report from The Financial Times, the Hong Kong Monetary Authority is pressuring major financial institutions to accept crypto clients. But it’s not just
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