Day: March 29, 2023

Arbitrum Shows Just How Messy (and Tricky) Crypto Airdrops Can Be

For months leading up to the airdrop, even before there was official confirmation of an ARB token, scammers were spinning up spoof Arbitrum airdrop links and promoting them on Twitter, Discord and Telegram in an effort to phish unwitting investors – gaining access to their crypto wallets and sensitive personal data. Before the airdrop went live, more than 10,000 people fell prey to fake Arbitrum airdrop schemes, according to at least one analysis shared with CoinDesk by the Web3 antivirus firm De.Fi. Source

SEC chief Gary Gensler to face Congress grilling over crypto policy

boss

The United States Securites and Exchange Commission chief Gary Gensler is set to testify before the the House Financial Services Committee for the first time. In an interview, Patrick McHenry, chairman of the Financial Services Committee, confirmed that the SEC chief would have to face Congress’ questions over his approach towards the crypto ecosystem on April 18. #NEW: Chairman @PatrickMcHenry confirms @SECGov Chair Gary Gensler will testify before the House Financial Services Committee on April 18th. Republicans will hold @GaryGensler accountable for his flagrant disregard for the law, jurisdiction, and…

Singaporean Women Outpacing Men in Cryptocurrency Trading, Report Shows

boss

According to the Independent Reserve Cryptocurrency Index Singapore 2023 report, women in Singapore are slightly more likely than men to profit from their cryptocurrency investments or at the very least break even. In February, 1,500 average Singaporeans participated in the Independent Reserve Cryptocurrency Index (IRCI) survey, which asks participants about their sentiments on cryptocurrencies. The survey results stated 76% of women said they had either made money or broken even on their cryptocurrency investments — as opposed to only 72% of men. It stated that this is the first time…

Bitcoin (BTC) climbs to $28k as traders shrug off regulatory crackdown

boss

Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Industry insiders said the bank collapses have sent investors looking for alternatives to the traditional banking system and there is also anticipation of a slowdown in interest rate rises, which is helping bitcoin. Filip Radwanski | Sopa Images | Lightrocket | Getty Images Bitcoin climbed sharply Wednesday as investors shrugged off initial fears surrounding U.S. regulators’ crackdowns on industry giants and became willing to take some risk. The world’s largest cryptocurrency surged 5% in the past…

ARB price to $2? Ethereum L2 rival Arbitrum will double in April, fractal suggests

boss

The price of Arbitrum (ARB) has dropped by nearly 20% a week after establishing its record high at $1.60 on March 23. However, the Ethereum layer-2 token looks set to resume its uptrend in the coming weeks. Polygon price fractal The cues for a bullish Arbitrum token could be traced back to its Ethereum L2 rival Polygon’s market debut. MATIC started trading on Binance on April 26, 2019, at $0.0026 per token. MATIC/USD rallied nearly 300% to reach $0.0105 on the same day before wiping out 70% of those gains…

UBS Names Sergio Ermotti as New CEO to Supervise Credit Suisse Acquisition

It is said that the new CEO is equipped as the “best pilot” to navigate the current business challenges. Investment banking company UBS has named former UBS Group CEO Sergio Ermotti as the new CEO to oversee the Credit Suisse takeover. UBS bought Credit Suisse for $3.2 billion last week as regulators seek to ramp up the global banking system. The Swiss National Bank referred to the acquisition as the solution to secure financial stability and the protection of the nation’s economy. Notably, the central banks worked with the government…