Day: March 29, 2023

Arbitrum airdrop-related selling subsides, but Dapp use sustains while smart money accumulates ARB

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The Arbitrum token airdrop led to a massive dump of ARB tokens and projects in the Arbitrum ecosystem in a “sell-the-news” type of event. However, the Ethereum Layer-2 activity remains strong, with the selling pressure of ARB tokens likely done with, making the rollup well-positioned for further growth. Arbitrum ecosystem tokens sees sell-the-news type event The Arbitrum (ARB) airdrop was announced on March 16, which caused a significant uptrend in native token prices of Arbitrum ecosystem projects like GMX), Magic , Gains Network (GNS) and Radiant Network (RDNT). The primary…

Mysterious entity may be collecting BTC users’ IP addresses — Bitcoin developer

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An unknown person or group may be collecting the IP addresses of Bitcoin (BTC) users and linking them to their BTC addresses, violating the privacy of these users, according to a blog post from pseudonymous Bitcoin app developer 0xB10C. The entity has been active since March 2018, and its IP addresses have shown up on several public posts from Bitcoin node operators over the past several years. 0xB10C is the developer of several Bitcoin analytics websites, including Mempool.observer and Transactionfee.info. They have also been awarded a Bitcoin developer grant from…

That Binance Suit Sure Seems Bigger Than Just a CFTC Case

Between Coinbase, Binance, Justin Sun, Do Kwon and Custodia, there has been just so much news over the last week. And that’s largely just the U.S. But Binance is the most interesting, not only for what happened (the Commodity Futures Trading Commission sued it), but also for what didn’t (the Department of Justice hasn’t filed anything). Plus, the CFTC’s Tech Advisory Committee met last Wednesday. Source

Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations – Regulation Bitcoin News

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On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were mentioned. Senate Banking Committee chairman Sherrod Brown claimed on Tuesday that Signature Bank “found itself in the middle of Sam Bankman-Fried’s crime spree at the crypto exchange FTX.” Regulators Highlight Bank Exposure to Crypto Asset Businesses in Senate Banking Committee Hearing About Bank Failures Following…

Bitcoin-Inpired Altcoin Rallies 107% in a Week As Project Gets Listed on Two Crypto Exchanges

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An altcoin inspired by Bitcoin (BTC) is surging after being listed on two crypto exchange platforms in a week. Kaspa (KAS) has more than doubled in price since last week after being listed on crypto exchanges Hotbit and BYDFi. News of the listings sent the crypto asset flying as it went from a seven-day low of $0.0158 to $0.0344, a 107% increase. The digital asset has since stabilized and is trading for $0.0342 at time of writing. Kaspa uses BlockDAG, which is its version of the GhostDAG/PHANTOM protocol, and aims…

Market Maker DWF Labs Emerges as Top Crypto Investor

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Paxful to return lost Celsius funds to Earn users

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Crypto marketplace Paxful will refund its Earn program users affected by the Celsius Network collapse in 2022, according to a Twitter thread posted on March 29 by company CEO Ray Youssef. “I’ve personally taken action and will be refunding all affected Paxful users,” wrote Youssef, explaining that funds will be available for affected users in the platform’s wallet in the coming days. Celsius filed for Chapter 11 bankruptcy in the United States on July 14, leaving thousands of depositors with their assets locked up on the crypto lending platform. At that…