Arbitrum has witnessed significant growth over the past month. The blockchain also has an increasing number of users and growing number collaborations. But what has led to the L2 chain witnessing an influx of these positive developments? Let’s talk facts Arbitrum has witnessed consistent growth in its total value locked (TVL) since July. From aContinue reading “Why Arbitrum’s TVL’s growth may have set up an ‘OpenSea’ of opportunities”

According to those with knowledge of the situation, FTX and Binance have offered the highest offers for the assets of defunct cryptocurrency lender Voyager Digital Ltd., VYGVQ -5.89%, but neither offer has yet been approved, Wall Street Journal reported.  As per the sources, the current offer from Binance is around $50 million, which is aContinue reading “Bankrupt lender Voyager gets top bids by these heavyweights”

With the Cardano [ADA] Vasil hard fork billed for 22 September, quite a few interesting things have been happening. Few weeks after its launch, Aada, a lending protocol on the Cardano mainnet, increased in a way no one could have predicted. According to DeFiLlama, Aada had contributed a whopping $219 increase to ADA’s Total ValueContinue reading “Cardano: Surges, supports, and everything untold amid upcoming Vasil upgrade”

A recent Bloomberg report stated that upcoming legislation would ban algorithmic stablecoins such as TerraUSD that collapsed in May this year leading to a global crypto crash. The said bill is currently being drafted in the U.S. House. Controlling the Stablecoin segment The bill would make it illegal to develop or issue new “endogenously collateralizedContinue reading “United States: Will this new bill ban Terra-like stablecoins for 2 years”

Helium, the decentralized wireless network has seen some dark days in the past. Even to this date, the price for the token continues to struggle below the $5 mark. But investors can be happy to know that some changes could deter the momentum. Helium has been seeing a massive uproar in terms of social mediaContinue reading “Binance and Helium have a good news for HNT holders”

Tether [USDT] seems to have returned to hitting the rocks. In a new development, a New York court ordered Tether to provide its financial records to prove its innocence in a case that saw it cost crypto traders over $1 trillion.  In 2019, several crypto traders joined hands and prosecuted Tether and Bitfinex, its partnerContinue reading “Tether: Bitcoin inflation probe takes new turn; can USDT withstand the pressure”

Arbitrum, one of Ethereum’s most popular layer 2 scaling solutions, averted a catastrophic crisis when a white hat hacker alerted the platform about a critical bug he had discovered on the Arbitrum Nitro upgrade. The discovery The hacker, who goes by the name Riptide (@0xriptide) on Twitter, discovered the “multi-million dollar” vulnerability on the Ethereum-ArbitrumContinue reading “Here’s how Arbitrum recently averted a catastrophic crisis”

Ronin, a layer 1 solution largely created for the game-to-earn movement, has seen some impressive growth over the past year.  After recovering from its recent hack, Ronin has set its sights on its future goals. In an elaborate roadmap that they shared on their website, Ronin provided a brief on developing their ‘Land Gameplay Community:Continue reading “Can Ronin gain trust of crypto-community and make a comeback”

XRP’s 24-hour performance in the crypto market would have lightened up the mood of its investors. According to CoinMarketCap, XRP had increased 10.11% in the last 24 hours. At press time, XRP was trading at $0.3785, while it gained against both Bitcoin [BTC] and Ethereum [ETH]. Interestingly, XRP was the best performing cryptocurrency out of theContinue reading “Should investors hope for more after XRP takes the lead”

Aave [AAVE] has been on the receiving end of a large amount of whale interest since the past few months. Multiple collaborations in the DeFi and banking sector could be the reason for this new-found interest. Furthermore, an increase in V3’s TVL could drive whale interest. However, will AAVE be able to keep growing orContinue reading “Aave Protocol: A rising whale inclination could do this for AAVE in Q4”

Kenya’s governor of the central bank, Patrick Njoroge, acknowledged that he was under external pressure from cryptocurrency enthusiasts to convert the nation’s reserves into Bitcoin (BTC). In a meeting with lawmakers on 19 September, Njoroge described the plan as “crazy,” adding that it would be risky to convert the assets into Bitcoin given the volatileContinue reading “Kenya’s central bank governor finally sees the push for Bitcoin”

Cryptocurrency trading and wallet app downloads have fallen by 55% year-over-year (YoY) through the third quarter due to sluggish market trends, says a recent Apptopia report.   The report surveyed market trends around fintech companies and concluded that the “negative sentiment has gone too far.” Among the fintech segments worst hit by the economic crisis, theContinue reading “Crypto app downloads have interesting figure to surprise traders”