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Mercedes Partners with Blockchain Company to Track Carbon Emission in Cobalt Supply Chain

Mercedes Partners with Blockchain Company to Track Carbon Emission in Cobalt Supply Chain

A collaboration between the major car manufacturers, Mercedes Benz and Circular, a Blockchain Startup to carry out a combined program which would be for the purpose of tracing the emissions of carbon in the cobalt supply chain.

South African Reserve Bank to Strictly Regulate Cryptocurrency in 2020

South African Reserve Bank to Strictly Regulate Cryptocurrency in 2020

The South African Reserve Bank (SARB) is planning on introducing new regulations on cryptocurrency, which according to Kuben Naidoo, SARB deputy governor, will be fully implemented and enforced in the first quarter of 2020 and it brings to an end a deliberation that started since 2014.

US Congressman Proposes Safe Harbor for Digital Token Issuers in a New Bill

US Congressman Proposes Safe Harbor for Digital Token Issuers in a New Bill

A new bill has just been sponsored by an American lawmaker from North Carolina, Patrick McHenry, seeking to grant a safe harbor for some token transactions

Australian Pleads Guilty to Securities Fraud in $90 Million Crypto Scam in the U.S.

Australian Pleads Guilty to Securities Fraud in $90 Million Crypto Scam in the U.S.

An Australian man named Stefan He Qin has pleaded guilty to draining the investor accounts of his New York-based cryptocurrency fund to the tune of $90 million.

Arbitrum Proposes 75 Million ARB Short-Term Incentive Program

Arbitrum Proposes 75 Million ARB Short-Term Incentive Program

Arbitrum ($ARB) Incentives Working Group proposes a Short-Term Incentive Program to distribute 75 million ARB tokens from DAO-funded incentives to active protocols on the Arbitrum network. The program aims to support network growth, experiment with incentive strategies, find new grant models, and collect incentive data for future programs.

Arbitrum One Achieves a Historic $10 Billion TVL Milestone

Arbitrum One Achieves a Historic $10 Billion TVL Milestone

Arbitrum One's recent surge to a $10.22 billion TVL not only marks a major milestone for Ethereum Layer 2 networks but also highlights its growing acceptance and diverse asset portfolio, following a substantial funding journey and robust technology development.

Decentralized Perpetual Exchange PairEx Announces Beta Trading Competition with Up to 8,888 USD ARB & PEX Tokens

Decentralized Perpetual Exchange PairEx Announces Beta Trading Competition with Up to 8,888 USD ARB & PEX Tokens

PairEx.io, a decentralized perpetual exchange built on the Arbitrum network, is excited to announce its beta trading competition with a prize pool of up to 8,888 USD equivalent in ARB and PEX tokens. The competition, which is now live, offers traders the opportunity to showcase their trading skills and win lucrative rewards.

Cobo Argus Boosts DeFi Strategies Security via Chainlink Price Feeds Integration

Cobo Argus Boosts DeFi Strategies Security via Chainlink Price Feeds Integration

Cobo Argus has integrated Chainlink Price Feeds on Arbitrum mainnet to bolster its automated DeFi strategies, enhancing security and facilitating swift fund withdrawals during token depegs. This collaboration with Chainlink also underscores Cobo Argus's commitment to providing fortified, efficient on-chain DeFi management solutions.

Starbucks Halts NFT Beta Program, Eyes Future Digital Loyalty Strategies

Starbucks Halts NFT Beta Program, Eyes Future Digital Loyalty Strategies

Starbucks pauses its NFT program, with its lead Steve Kaczynski optimistic about the future of loyalty programs and NFTs, as the company plans its next digital strategy.

Binance Integrates Hashflow (HFT) on Arbitrum One and Wormhole (W) on Ethereum

Binance Integrates Hashflow (HFT) on Arbitrum One and Wormhole (W) on Ethereum

Binance has integrated Hashflow (HFT) on Arbitrum One and Wormhole (W) on Ethereum, opening deposits and withdrawals.

Binance Completes CRV Integration on Arbitrum One and Optimism Networks

Binance Completes CRV Integration on Arbitrum One and Optimism Networks

Binance enables CRV deposits and withdrawals on Arbitrum One and Optimism.

Immutable (IMX) and MARBLEX Forge Alliance to Enhance AAA Web3 Gaming

Immutable (IMX) and MARBLEX Forge Alliance to Enhance AAA Web3 Gaming

Immutable (IMX) and MARBLEX are partnering to bring AAA games to Immutable zkEVM, enhancing the Web3 gaming experience with a $20M Ecosystem Boost Program.

Binance Futures Introduces Arbitrage Bot with 20% Funding Profit Bonus

Binance Futures Introduces Arbitrage Bot with 20% Funding Profit Bonus

Binance Futures launches a new Funding Rate Arbitrage Bot, offering a 20% bonus on funding profits for eligible traders during the promotion period.

Immutable (IMX)'s Record-Breaking Growth and Strategic Partnerships in June 2024

Immutable (IMX)'s Record-Breaking Growth and Strategic Partnerships in June 2024

Immutable (IMX) experiences record-breaking growth and significant partnerships in June 2024, including a major migration of NetMarble's MARBLEX platform.

OKX Launches Compound v3 (Arbitrum) USDC Earn Product

OKX Launches Compound v3 (Arbitrum) USDC Earn Product

OKX introduces Compound v3 (Arbitrum) USDC Earn product, offering users on-chain rewards starting July 3, 2024.

Open Campus Secures Arbitrum Foundation Grant to Launch EDU Chain for Education

Open Campus Secures Arbitrum Foundation Grant to Launch EDU Chain for Education

Open Campus receives a grant from the Arbitrum Foundation to launch EDU Chain, a Layer 3 blockchain dedicated to education.

Solana Launches Real-Time Carbon Emissions Tracking Dashboard

Solana Launches Real-Time Carbon Emissions Tracking Dashboard

The Solana Foundation has launched a real-time tracking dashboard to measure carbon emissions on its blockchain, making it the first "major smart-contract blockchain" to do so. The dashboard, available on the Solana Climate website, aims to set a new standard for measuring emissions in the blockchain industry and encourages transparency. The data used to power the dashboard is open-source and modeled on the estimated carbon footprint of the Dell PowerEdge R940. The move comes as global efforts are being made to utilize blockchain technology to monitor carbon emissions.

Airdrop Hunters Consolidate Millions Worth of ARB Tokens

Airdrop Hunters Consolidate Millions Worth of ARB Tokens

A blockchain analysis platform revealed that two "super airdrop hunters" consolidated tokens worth $3.3 million from 1,496 wallets into two wallets. One wallet received 1.4 million ARB from 866 addresses, adding all the tokens to Uniswap, while the other received 933,375 ARB from 630 addresses. Community members speculated about the identities behind the wallets, with some praising their efforts and others expressing negative sentiments.

Arbitrum DAO Approves Additional Funding for STIP Proposals

Arbitrum DAO Approves Additional Funding for STIP Proposals

Arbitrum Decentralized Autonomous Organization approves $23.4 million budget increase for STIP, supporting emerging builders and creating welcoming environment for new projects, raising total budget to 71.4 million ARB tokens.

Arbitrum Alert: Whale Moves Nearly 3 Million ARB Tokens into Binance

Arbitrum Alert: Whale Moves Nearly 3 Million ARB Tokens into Binance

A cryptocurrency analyst observed a significant ARB token transaction, with a whale transferring 2,689,046 tokens into Binance and withdrawing 6,750,000 tokens from Binance, OKX, and Coinbase Prime between March 29 and May 17, 2023.

UN Research Unveils Bitcoin's Environmental Toll Beyond Carbon Emissions

UN Research Unveils Bitcoin's Environmental Toll Beyond Carbon Emissions

A UN study reveals Bitcoin mining's significant environmental impact, including carbon emissions, water and land damage, and heavy reliance on fossil fuels. It calls for urgent regulatory and technological interventions to promote a sustainable digital currency ecosystem.

Yearn.finance Appeals to Arbitrage Traders for $1.4 Million in Recovery Funds After Multisig Error

Yearn.finance Appeals to Arbitrage Traders for $1.4 Million in Recovery Funds After Multisig Error

Yearn.finance seeks the return of $1.4 million from traders after a multisignature scripting error drained its treasury.

Starbucks Rolls out NFT-based Membership Program by Adopting Polygon

Starbucks Rolls out NFT-based Membership Program by Adopting Polygon

American chain coffeehouse Starbucks has unveiled its NFT and Web3.0 program dubbed Starbucks Odyessy by adopting Polygon technology.

Gemini Purchases Carbon Credits to Decarbonize Bitcoin

Gemini Purchases Carbon Credits to Decarbonize Bitcoin

Gemini exchange is funding initiatives to help decarbonize Bitcoin.

Bitcoin Accelerates the Development of Renewable Energy for Bitcoin Mining

Bitcoin Accelerates the Development of Renewable Energy for Bitcoin Mining

The use of volcano power to mine Bitcoin (BTC) in El Salvador was propelling the leading cryptocurrency’s quest to accelerate renewable energy development.

Reddit to Discontinue Blockchain-Based Community Points Program

Reddit to Discontinue Blockchain-Based Community Points Program

Reddit is discontinuing its blockchain-based Community Points program due to scalability issues, moving towards more scalable rewards programs. Despite initial promise, high transaction fees and bandwidth limitations on Ethereum led to a transition to Arbitrum Nova in 2022. However, scaling challenges persisted, prompting the phase-out by early November 2021. The termination caused a significant drop in associated token values. Reddit now focuses on other community incentive programs like the Moderator Rewards Program and the Contributor Program.

Ethereum Layer 2s See Surge in Popularity in Q1 2023

Ethereum Layer 2s See Surge in Popularity in Q1 2023

Alchemy's Q1 2023 report shows Ethereum layer 2 networks, including Optimism, Arbitrum and Polygon, saw a 44% increase in bridged crypto assets compared to Q4 2022, and a 518% increase compared to Q1 2022. The report suggests this growth may have been driven by successful airdrops from Optimism and Arbitrum. Additionally, the deployment of smart contracts related to layer 2s increased by 160% compared to Q1 2022, despite a 30% decrease from Q4 2022.

Arcade fighting game Battle of Olympus to launch presale for GODLY token on Arbitrum on March 27

Arcade fighting game Battle of Olympus to launch presale for GODLY token on Arbitrum on March 27

Battle of Olympus, an arcade street fighting game, is set to launch the first phase of its presale for its in-game currency $GODLY on Arbitrum on Monday, March 27.

Hope Finance Scam Leaves Prospective DeFi Users Out of Pocket

Hope Finance Scam Leaves Prospective DeFi Users Out of Pocket

Arbitrum-based algorithmic stablecoin startup Hope Finance loses $2 million to a smart contract attack.

US SEC Extends Review Period for 7RCC's Bitcoin ETF Listing

US SEC Extends Review Period for 7RCC's Bitcoin ETF Listing

The US SEC has extended the review period for 7RCC's Bitcoin ETF listing, with the final decision expected by June 24, with the initial deadline set for May 10. The Bitcoin ETF aims to provide investors with exposure to Bitcoin and incorporate carbon credits.

Ethereum Layer 2: A Simplified Overview

Ethereum Layer 2: A Simplified Overview

Ethereum Layer 2 projects, such as Optimism, Arbitrum, and zkSync, aim to increase transaction throughput and reduce costs while maintaining security and decentralization properties. L2 solutions operate atop the existing blockchain, allowing for off-chain processing and a more scalable approach. They offer lower transaction costs, improved transaction capacity, and maintained security. Types of L2 solutions include rollups, state channels, and plasma. Projects like Arbitrum, Optimism, and zkSync are pioneering the L2 space, aiming to improve Ethereum's efficiency and scalability.

Universal Carbon UPCO2: World’s First Carbon Off-Set Token Now Tradable on Uphold Platform

Universal Carbon UPCO2: World’s First Carbon Off-Set Token Now Tradable on Uphold Platform

Universal Carbon (UPCO2), the world’s first tradable carbon token is available on Uphold to trade or to offset corporate carbon footprints, each token representing 1 ton of CO2

WOOFi Exploited on Arbitrum, Swift Response Contains Threat

WOOFi Exploited on Arbitrum, Swift Response Contains Threat

WOOFi, a decentralized exchange, suffered an $8.5 million exploit on Arbitrum due to token price manipulation. The platform swiftly contained the threat and is working to retrieve funds and enhance security.

Wormhole Foundation Launches STIP Grant with 1.8M ARB to Boost Arbitrum Ecosystem

Wormhole Foundation Launches STIP Grant with 1.8M ARB to Boost Arbitrum Ecosystem

The Wormhole Foundation's STIP Grant, funded by a 1.8M ARB grant from Arbitrum DAO, incentivizes USDC migration to Arbitrum to enhance liquidity and network growth.

Exclusive: Arbitrage - the Key Business Opportunity Brought by Blockchain

Exclusive: Arbitrage - the Key Business Opportunity Brought by Blockchain

Following the latest update of Paxful, Ray took a step back and shared to us his inspiration to set up Paxful and what he learnt from 11 failed startups! He then identified arbitrage as the key business opportunities by blockchain and instead of decentralization, peer to peer should be the core value preposition of Bitcoin!

Reddit Community Points Ready for Ethereum Mainnet through Off-Chain Labs

Reddit Community Points Ready for Ethereum Mainnet through Off-Chain Labs

Off-Chain Labs has announced that it has been selected to help bring the Community Points (CP) initiative of the Reddit social media network onto the Ethereum Mainnet.

Washington Developer Harbor Custom Development to Accept Payments in Crypto

Washington Developer Harbor Custom Development to Accept Payments in Crypto

Real estate investors in Washington will have more options by paying cryptocurrencies, as the Washington-based Harbor Custom Development Inc is launching the service by the end of January.

Curve Finance Launches MIM/crvUSD Pool on Arbitrum, Bolstering DeFi Ecosystem

Curve Finance Launches MIM/crvUSD Pool on Arbitrum, Bolstering DeFi Ecosystem

Curve Finance's new MIM/crvUSD liquidity pool on Arbitrum marks a significant advancement in DeFi, offering enhanced liquidity and user experience. This strategic move leverages Arbitrum's layer 2 capabilities for faster, cost-effective transactions, underlining Curve's commitment to innovation and community-driven governance.

Arbitrum Foundation Launches its First Grant Program to Foster Ecosystem Growth

Arbitrum Foundation Launches its First Grant Program to Foster Ecosystem Growth

The Arbitrum Foundation has announced the launch of its inaugural grant program, marking a significant step towards fulfilling its mission of fostering ecosystem growth.

BitKeep Wallet Surpasses 10 Million Users

BitKeep Wallet Surpasses 10 Million Users

BitKeep Wallet has reached over 10 million users, with 560,000 new users in March due to successful campaigns with Arbitrum and Sui. Bitget has invested $30 million in the platform, resulting in a rebranding to Bitget Wallet while remaining an independent entity.

Tezos Integrates Harbinger Price Oracle As Network Prepares For DeFi

Tezos Integrates Harbinger Price Oracle As Network Prepares For DeFi

Tezos is taking another step towards decentralized finance (DeFi) with a delegated price feed oracle called Harbinger.

Dinari Secures $10M Seed Funding, Expands Crypto Asset Offerings

Dinari Secures $10M Seed Funding, Expands Crypto Asset Offerings

Dinari, a blockchain-based investment platform, secures $10M in seed funding, launches RWAs on Arbitrum, and expands dShare with crypto-themed assets, bridging TradFi and DeFi.

Arbitrum's New ArbOS 11: A Game Changer for Blockchain and Crypto

Arbitrum's New ArbOS 11: A Game Changer for Blockchain and Crypto

The recent implementation of ArbOS 11 by the Arbitrum community introduces key improvements, including EVM Shanghai support and gas efficiency enhancements, fostering optimism in the crypto market for ARB.

Bakkt Partners with Starbucks to Test Consumer App and Merchant Portal

Bakkt Partners with Starbucks to Test Consumer App and Merchant Portal

Mike Blandina, Chief Product Officer, Bakkt, revealed that the company's current interest lies in developing the consumer app and merchant portal and as well as testing with their first launch partner, Starbucks.

Microsoft Ventures into Nuclear Energy to Power AI Development

Microsoft Ventures into Nuclear Energy to Power AI Development

Microsoft is venturing into nuclear energy to support its growing AI and cloud computing needs. The company has posted a job listing for a Principal Program Manager in Nuclear Technology, focusing on the development of an energy strategy based on SMRs and microreactors. While this move aims to address the energy-intensive nature of AI models, it also raises questions about the environmental and logistical challenges associated with nuclear energy.

JustCarbon DAO Announces Multi-Exchange Platform Partnership

JustCarbon DAO Announces Multi-Exchange Platform Partnership

Carbon action marketplace JustCarbon has announced a multi-exchange platform partnership with DigiFinex, Coinsbit, LAToken and Coinstore signifying a play for dominance in the carbon market.

McDonald’s Begins Accepting Bitcoin as Payment Method in El Salvador, Starbucks & Pizza Hut Follow

McDonald’s Begins Accepting Bitcoin as Payment Method in El Salvador, Starbucks & Pizza Hut Follow

McDonald’s move signals that multiple businesses are going to start accepting Bitcoin payments in El Salvador. Bitcoin is set to continue going mainstream, with El Salvador formally recognizing the crypto as legal tender.

Arbitrum Foundation Proposes Control of $1 Billion in ARB Tokens

Arbitrum Foundation Proposes Control of $1 Billion in ARB Tokens

The proposed "special grants" program on the Arbitrum blockchain, which would allocate 750 million ARB tokens worth nearly $1 billion to the centralized Arbitrum Foundation without input from token holders, has caused community concerns.

Spanish Renewable Energy Firm Partners with Climate Blockchain Initiatives to Boost Carbon Offset Sales on Blockchain

Spanish Renewable Energy Firm Partners with Climate Blockchain Initiatives to Boost Carbon Offset Sales on Blockchain

Acciona, a leading Spanish renewable energy company, has joined hands with Climate Blockchain Initiatives (CBI), a Valencia-based startup, to boost the sale of its carbon offsets using the latter’s blockchain-powered trading platform.

Arbitrum's Governance Token Return Proposal Rejected

Arbitrum's Governance Token Return Proposal Rejected

A proposal to return 700 million ARB governance tokens to Arbitrum's DAO Treasury was rejected by 84% of the total votes received. The proposal was introduced after the Arbitrum Foundation transferred funds without community approval in March.

AI's False Promises: CFTC Warns of Soaring Crypto Scams

AI's False Promises: CFTC Warns of Soaring Crypto Scams

The U.S. Commodity Futures Trading Commission (CFTC) alerts the public about the surge in AI-driven crypto scams, emphasizing the technology's inability to predict market trends and the dangers of misleading claims about high returns.

Robinhood Wallet Joins Forces with Arbitrum (ARB) to Enhance Layer 2 Access

Robinhood Wallet Joins Forces with Arbitrum (ARB) to Enhance Layer 2 Access

Robinhood Wallet partners with Arbitrum to offer users seamless swaps on Layer 2, enhancing DeFi accessibility and experience.

KyberSwap announces first ever $ARB token liquidity pools, liquidity mining and trading campaigns on Arbitrum

KyberSwap announces first ever $ARB token liquidity pools, liquidity mining and trading campaigns on Arbitrum

Since launching in 2021, Arbitrum has emerged as one of the most promising Layer 2 solutions, with its ability to scale Ethereum and enable faster and cheaper transactions.

Arbitrum DAO Explores Grants to Boost Web3 Gaming Development

Arbitrum DAO Explores Grants to Boost Web3 Gaming Development

Arbitrum DAO is discussing grants to support Web3 gaming, with phases of development receiving $100,000 to over $1.5 million. This effort aims to capitalize on the growing $272 billion gaming industry, enhance Arbitrum's gaming ecosystem, and position it competitively in the Web3 space.

Flowcarbon Postpones Token Launch amid Crypto Market Downturn

Flowcarbon Postpones Token Launch amid Crypto Market Downturn

FlowCarbon announced that it has postponed the launch of its token due to slowing operations triggered by the current difficulties in the market.

Ex-Coinbase Ventures Lead to Join Core Team at Synapse

Ex-Coinbase Ventures Lead to Join Core Team at Synapse

Following successful stints at crypto firms Coinbase and Dharma, Max Bronstein has joined DeFi-focused company Synapse.

Radiant Capital Suffers $4.5M Flash Loan Attack

Radiant Capital Suffers $4.5M Flash Loan Attack

Radiant Capital was hit by a $4.5M flash loan attack due to a known codebase rounding issue, leading to a temporary pause in their Arbitrum market operations.

Multichain Reports Unusual Outflows Worth Over $100M

Multichain Reports Unusual Outflows Worth Over $100M

In the past 12 hours, a large amount of assets has unusually flowed out from Multichain. These assets, which include a variety of cryptocurrencies, have been transferred to the new address: 0x1eed63efba5f81d95bfe37d82c8e736b974f477b. At the time of writing, the net worth of all assets transferred is $102,834,504.

Arbitrum Activates Account Abstraction Endpoint Support on One and Nova

Arbitrum Activates Account Abstraction Endpoint Support on One and Nova

Arbitrum has officially activated support for the account abstraction endpoint on its One and Nova mainnets, following the successful passage of AIP-2.

SARB to Introduce Crypto Regulation

SARB to Introduce Crypto Regulation

South Africa has changed their mind in terms of crypto regulation. The regulator intends to introduce a legal framework to govern the use of cryptocurrencies in the country.

Ethereum ERC-4337 Account Abstraction Grant Round Recipients Announced

Ethereum ERC-4337 Account Abstraction Grant Round Recipients Announced

The Ethereum Foundation has awarded grants to 18 teams in its ERC-4337 Account Abstraction grant round, supporting projects focused on ERC-4337. Notable recipients include ZeroDev Kernel, Skandha Bundler, and MynaWallet, which integrates with the Japanese Government-Issued ID Card. These grants promote modularization, diverse blockchain applications, and enhance the Ethereum network's capabilities.

Arbitrum Community Seeks Return of 700 Million ARB Tokens

Arbitrum Community Seeks Return of 700 Million ARB Tokens

The Arbitrum community has proposed the return of 700 million ARB tokens to its DAO Treasury after the Arbitrum Foundation transferred the funds without community approval. The proposal requires the foundation to return the tokens before proceeding with its budget plan, and voting ends on April 14.

US Supreme Court Steps In On Coinbase Customer Contract Dispute

US Supreme Court Steps In On Coinbase Customer Contract Dispute

The US Supreme Court is set to decide on a contract dispute between Coinbase and its customers, potentially impacting user agreement drafting and enforcement in the digital currency trading sector.

OneConnect Launches Blockchain Integrated Dual Carbon Innovation Lab

OneConnect Launches Blockchain Integrated Dual Carbon Innovation Lab

OneConnect Financial Technology Co. Ltd. has announced the launch of the Innovation Laboratory of Carbon Emission Governance Blockchain and Energy Technology (the “Dual Carbon (carbon peaking and carbon neutrality) Innovation Laboratory”).

Arbitrum's ARB Token Airdrop Triggers OTC Trading

Arbitrum's ARB Token Airdrop Triggers OTC Trading

The announcement of the ARB token airdrop by Arbitrum Foundation has triggered over-the-counter (OTC) trading of the unreleased tokens. ARB marks Arbitrum's official transition into a decentralized autonomous organization (DAO), giving ARB holders the power to vote on key decisions governing Arbitrum One and Arbitrum Nova. The airdrop will grant 11.5% of the total supply to eligible Arbitrum users and 1.1% to DAOs in the Arbitrum ecosystem.

Ethereum Layer 2s Surpass Prominent Layer 1s in Total Value Locked

Ethereum Layer 2s Surpass Prominent Layer 1s in Total Value Locked

The surge of Layer 2 solutions like Arbitrum, Optimism, and BASE, overtaking Layer 1 blockchains Solana and Avalanche in terms of Total Value Locked (TVL) as of September 25, 2023, highlights the pivotal role of Layer 2s in augmenting the scalability and transactional efficiency of the Ethereum network. The data underscores a growing preference for Layer 2 solutions, demonstrating their potential in enhancing the blockchain technology landscape.

Hackers Steal $500,000 Worth of Tokens from Arbitrum Airdrop

Hackers Steal $500,000 Worth of Tokens from Arbitrum Airdrop

Hackers have reportedly stolen $500,000 worth of tokens from Arbitrum’s airdrop by using vanity addresses to redirect the airdropped tokens to their own addresses. The use of vanity addresses to claim crypto assets has been known to compromise the security of users’ private keys, making it easier for hackers to steal crypto assets.

WEF: Blockchain Can Drive Sustainable Digital Finance for a Low-Carbon Economy

WEF: Blockchain Can Drive Sustainable Digital Finance for a Low-Carbon Economy

The World Economic Forum (WEF) has highlighted Blockchain as a driver of sustainable digital finance for a low-carbon economy

Arbitrum Foundation Under Fire for Selling ARB Tokens Before Budget Ratification

Arbitrum Foundation Under Fire for Selling ARB Tokens Before Budget Ratification

The Arbitrum Foundation sold ARB tokens before the community ratified the organization's budget, leading to a governance crisis. The Foundation used the tokens for the DAO's operational purposes. The situation calls into question the efficacy of the community governance model and the power dynamics of centralized organizations in decentralized ecosystems.

Police Search of South Korean Coinbit Crypto Exchange Finds 99% Trade Volume Manipulation

Police Search of South Korean Coinbit Crypto Exchange Finds 99% Trade Volume Manipulation

Coinbit, the third-largest crypto exchange in South Korea, has found itself in trouble with the authorities for alleged arbitrage manipulation of the transaction volume.

Gitcoin and Shell Partner to Leverage Blockchain for Climate Solutions

Gitcoin and Shell Partner to Leverage Blockchain for Climate Solutions

Gitcoin collaborates with Shell to incentivize renewable energy adoption using blockchain. The partnership includes funding for Climate Solutions rounds and a Q4 hackathon.

Arbitrum Airdrop Boosts zkSync Growth

Arbitrum Airdrop Boosts zkSync Growth

Arbitrum's recent airdrop of its governance token has generated significant hype, which has helped another layer-2 scaling solution, zkSync, see significant growth in the last week. Despite not having a native token or announcing any airdrop, zkSync has seen a surge in the number of addresses bridging to its platform, with over 39,000 addresses bridging over $871 million in the last seven days.

Proposal to Return ARB Tokens to Arbitrum DAO Treasury Rejected

Proposal to Return ARB Tokens to Arbitrum DAO Treasury Rejected

A proposal seeking the return of 700 million ARB governance tokens to Arbitrum's DAO treasury was rejected after receiving only 14.5% of the total votes. The proposal called for the foundation to return the tokens as a symbolic gesture to demonstrate the DAO's control over the governance holders. The rejection comes amid a dispute between Arbitrum's community and foundation over its governance proposal AIP-1.

SARB governor: CBDCs must tackle a "serious challenge" at WEF 2023.

SARB governor: CBDCs must tackle a "serious challenge" at WEF 2023.

Lesetja Kganyago spoke at WEF 2023 in Davos, Switzerland. The SARB governor suggested a national discussion before establishing CBDCs. Crypto barely fits two of three currency standards, he said.

Crypto Miner Argo Blockchain Mined 129 Bitcoins in July 2023

Crypto Miner Argo Blockchain Mined 129 Bitcoins in July 2023

Argo Blockchain mined 129 BTC in July 2023, an 11% decrease from June, with stable revenue of $3.87M.

Nasdaq-listed Northern Trust Boosts Digital Carbon Credit with Blockchain

Nasdaq-listed Northern Trust Boosts Digital Carbon Credit with Blockchain

Nasdaq-listed Northern Trust has introduced a digital platform for institutional voluntary carbon credit transactions, utilizing private ledger digital blockchain technology. The platform aims to streamline and digitize the complex process between institutional buyers and project developers.

7RCC Spearheads a Carbon-Neutral Bitcoin ETF for ESG-Focused Investing

7RCC Spearheads a Carbon-Neutral Bitcoin ETF for ESG-Focused Investing

7RCC has submitted a spot Bitcoin ETF with a composition of 80% Bitcoin and 20% carbon credit futures, providing a unique, carbon-neutral investment option in the crypto market.

McDonald's, Subway and Starbucks Among the First to Trial China's Digital Yuan

McDonald's, Subway and Starbucks Among the First to Trial China's Digital Yuan

Mcdonalds has been named along with coffee giant Starbucks as one of the 19 restaurants that will be first to try out China’s Digital Yuan in the new district of Xiong’An.

Starbucks to Introduce NFTs This Year

Starbucks to Introduce NFTs This Year

Starbucks interim CEO Howard Schultz announced that the company is entering the NFT market this year.

Greenidge Commits to Being 100% Carbon Neutral for Its Bitcoin Mining Facility Starting June 2021

Greenidge Commits to Being 100% Carbon Neutral for Its Bitcoin Mining Facility Starting June 2021

Greenidge Generation Holdings Inc. plans to offset all carbon emissions from its Bitcoin mining facility, starting June 1st, 2021.

What is Crypto Arbitrage? Trading on Crypto Pricing Imbalances of Exchanges

What is Crypto Arbitrage? Trading on Crypto Pricing Imbalances of Exchanges

Crypto arbitrage is a term used to describe a method of crypto trading that takes advantage of price imbalances for digital assets on exchanges.

Volvo Cars Invests in London-based Blockchain Firm to Reduce Carbon Dioxide Footprint

Volvo Cars Invests in London-based Blockchain Firm to Reduce Carbon Dioxide Footprint

Volvo Cars, a leading Swedish car manufacturer, has invested in Circulor, a London-based blockchain company majoring in industrial supply chains. It sealed the deal through its venture capital investment arm called the Volvo Cars Tech Fund.

Fake Arbitrum Airdrop Scam Circulated on Discord

Fake Arbitrum Airdrop Scam Circulated on Discord

Hackers dropped a phishing link into Arbitrum's Discord server, offering the opportunity to re-claim additional stake in Arbitrum DAO Governance. The link prompted unsuspecting victims to enter personal information, leading to a potential scam. Investors are advised against interacting with the announcement until further clarification from Arbitrum.

Singaporean Company Launches World’s First Blockchain-Enabled Carbon Trading Exchange

Singaporean Company Launches World’s First Blockchain-Enabled Carbon Trading Exchange

AirCarbon Pte, a Singaporean exempt private company, has established the first-ever blockchain-powered carbon trading exchange (CTX) that will permit corporate buyers and airlines to sell and purchase tokens subsidized by carbon offset credits.

Binance Joins Association of Russian Banks, Strengthening Strategic Relations

Binance Joins Association of Russian Banks, Strengthening Strategic Relations

Cryptocurrency exchange Binance has joined the Association of Russian Banks (ARB), a move that arguably bolsters its relationship with top financial institutions in Russia.

IPCC Concerns Energy-Intensive Crypto Mining as Risk of Climate Change

IPCC Concerns Energy-Intensive Crypto Mining as Risk of Climate Change

The latest report of the Intergovernmental Panel on Climate Change (IPCC) from the United Nations concerns the carbon footprint and its energy consumption produced by crypto mining.

Arbitrum Bridge: A Comprehensive Guide

Arbitrum Bridge: A Comprehensive Guide

The Arbitrum Bridge is a Layer 2 solution for Ethereum, enabling secure, cost-effective asset transfers to the Arbitrum network. It supports a wide range of assets and networks, ensuring robust security and providing comprehensive troubleshooting guides.

Shark Tank Star Says Real Estate Is the Best Way to Get Rich, Not Cryptocurrencies

Shark Tank Star Says Real Estate Is the Best Way to Get Rich, Not Cryptocurrencies

Barbara Corcoran of Shark Tank, a famous US investor who is known for developing a billion-dollar real estate empire with just a $1,000 loan, has said that real estate is the best investment you can leverage to make money.

Coffee Giant Starbucks Leverages Blockchain to Track Coffee From Bean to Store

Coffee Giant Starbucks Leverages Blockchain to Track Coffee From Bean to Store

Starbucks intends to leverage blockchain traceability on its coffee supply chain.

Ethereum Energy consumption, Carbon Footprint Reduce 99.99% after Merge

Ethereum Energy consumption, Carbon Footprint Reduce 99.99% after Merge

Ethereum completed a massive software upgrade that is said to have slashed its carbon footprint and energy usage.

Ethereum's Layer 2s Break New Ground in Scalability

Ethereum's Layer 2s Break New Ground in Scalability

Ethereum has seen a 22% rise in value as of September 2023, largely attributed to the emergence of Layer 2 solutions like BASE by Coinbase, which enhance scalability and user affordability on the network. Leading Layer 2 blockchains, Optimism and Arbitrum, have surpassed major Layer 1 blockchains in Total Value Locked, indicating a growing trust and utilization in the Ethereum ecosystem. Despite centralization concerns, the progressive strides in Layer 2 solutions are poised to bolster Ethereum's standing as a dominant smart contract blockchain.

Arbitrum Community Pilot: Voting on the Distribution of 25 to 45 Million ARB in Long-Term Incentives

Arbitrum Community Pilot: Voting on the Distribution of 25 to 45 Million ARB in Long-Term Incentives

Arbitrum community votes on a pilot program to distribute 25 to 45 million ARB tokens as long-term incentives to protocols on its platform, aiming to enhance ecosystem growth and innovation.

Heath Tarbert Joins Circle as Chief Legal Officer and Head of Corporate Affairs

Heath Tarbert Joins Circle as Chief Legal Officer and Head of Corporate Affairs

Circle Internet Financial has appointed Heath Tarbert as its new chief legal officer and head of corporate affairs, effective from July 1, 2023.

CFTC Chairman Heath Tarbert Announces He Will Step Down Early Next Year

CFTC Chairman Heath Tarbert Announces He Will Step Down Early Next Year

Heath Tarbert, the chairman of the U.S CFTC, has announced that he will leave the agency, thus setting the stage for Biden to choose another chairperson.

Arbitrum Discord Server Hacked for Phishing Attack

Arbitrum Discord Server Hacked for Phishing Attack

Hackers dropped a phishing link on Arbitrum's official Discord server, prompting users to enter personal information. The link misspelled the name of the platform as "Arbtirum." Investors are advised to be cautious of unrealistic claims and deceptions.

TradeSanta Review: Automated Crypto Arbitrage Trading Tools

TradeSanta Review: Automated Crypto Arbitrage Trading Tools

TradeSanta is a cloud cryptocurrency trading software that can be connected to your exchange of choice to automate and execute your trading strategies.

Bakkt Cash Integrated Directly with Starbucks Payment App

Bakkt Cash Integrated Directly with Starbucks Payment App

Bakkt President Adam White has announced the Bakkt Cash integration with the Starbuck mobile app.

Deal Box offers $125M blockchain and Web3 venture fund

Deal Box offers $125M blockchain and Web3 venture fund

Deal Box created a $125 million Web3 venture capital fund. Deal Box Ventures will support emerging growth, real estate, fintech, funtech, and social impact firms. It owns Total Network Services, Rypplzz, and Forward-Edge AI. Lesetja Kganyago spoke at WEF 2023 in Davos, Switzerland. Before launching CBDCs, the SARB governor suggested a national dialogue. Crypto barely fits two of three currency standards, he said.

Stellar XLM Rises 8%: What It Means for TON, XMR, and ARB

Stellar XLM Rises 8%: What It Means for TON, XMR, and ARB

Stellar (XLM) has seen an 8% price increase, suggesting a potential mini breakout. XMR's market value is around $21.3 million, with a balanced sentiment. ARB's open interest has declined, but its long/short ratio of 3.78 suggests liquidity risks for long traders.

Offchain Labs's Arbitrum Stylus Goes Live

Offchain Labs's Arbitrum Stylus Goes Live

Offchain Labs has released the public testnet and code for Arbitrum Stylus, an open-source framework for smart contracts on Arbitrum Nitro chains. The SDK offers 10x improvement in computational speed and 100x improvement in memory efficiency, reducing gas costs and improving smart contract security.

Arbitrum Foundation and Fracton Ventures Ally to Boost Arbitrum Adoption in Japan

Arbitrum Foundation and Fracton Ventures Ally to Boost Arbitrum Adoption in Japan

The Arbitrum Foundation has formed a strategic partnership with Fracton Ventures to launch Arbitrum Japan, aiming to accelerate blockchain technology adoption and expand the Arbitrum ecosystem in the country. This alliance is poised to generate new business avenues, especially in finance and entertainment sectors, and bolster community engagement through educational initiatives.

Flowcarbon Partners with Celo Blockchain to Create Carbon Market Ecosystem

Flowcarbon Partners with Celo Blockchain to Create Carbon Market Ecosystem

Climate technology company Flowcarbon has partnered with the carbon-negative blockchain Celo Foundation to create a carbon market ecosystem, which enables carbon emission credits to be traded on the Celo network in terms of token.

Elon Musk Reduced Dogecoin Carbon Emissions By 25%

Elon Musk Reduced Dogecoin Carbon Emissions By 25%

Dogecoin was the only memecoin to lower its carbon footprint by 25% in 2022, from 1,423 tons to 1,063. DOGE outperformed most crypto assets in the 2022 bear market. It placed third in the top 10 behind XRP and Binance currency. Shiba Inu community builds layer-2 networks, metaverses, and blockchain games.

Fireblocks Strengthens Support for Banking & Financial Institutions

Fireblocks Strengthens Support for Banking & Financial Institutions

Fireblocks, a leading enterprise platform for managing digital asset operations and fostering blockchain-based innovations, has announced the expansion of its secure MPC-CMP wallet and key management technology.

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