Arbitrum, the largest Ethereum layer-2 scaling solution by total value locked (TVL), is taking steps towards decentralization. In an update on April 16, Offchain Labs–Arbitrum developers–said they have deployed the permissionless version of their fraud proofs, dubbed Bounded Liquidity Delay (BOLD), to testnet. Ethereum Layer-2s Are Popular, But There Is A Big Problem Ethereum layer-2…
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Generally, the crypto market has been experiencing a pullback after Bitcoin and many other coins like Ethereum have recorded a new all-time high of which Arbitrum (ARB) was not left behind. Arbitrum, which has a lot of potential with a market cap of over $3.8 billion and a circulating supply of 2,653,939,384 ARB has been…
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Arbitrum (ARB), the Ethereum Layer 2 (L2) scaling solution, recently went through an unlocking event as part of its 2024 roadmap. However, the event raised concerns about how the token’s price would react amid the market slowdown. It’s been a week since Bitcoin’s price started to dip. Despite BTC’s recovery, the market still exhibits red…
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As the price of Bitcoin (BTC) continues to demonstrate a major fall in valuation, indicating a gloomy attitude toward the crypto asset, the bulls in the market are hopeful that the market will soon enter another Season for Altcoins. Altcoins Showing Massive Buying Opportunity Bitcoin’s recent dip signaled the beginning of the decline in the…
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Playnance has announced the scheduled launch of PlayBlock, a Layer-3 gaming ecosystem developed on the Arbitrum Orbit. A press release shared with Cryptonews.com revealed that PlayBlock seeks to enhance Playnance’s offerings in the web3 gaming space and attract over 10,000 of daily active users by providing a variety of gaming options. Gaming Network with Enhanced…
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Recent statistics reveal that the layer two (L2) network Arbitrum has experienced a significant increase in daily transactions. On Tuesday, the network’s daily transactions even exceeded those on the Ethereum platform. Additionally, following Ethereum’s Dencun upgrade, other L2 networks such as Optimism have also witnessed an uptick in activity. Arbitrum Transfers Spike Metrics indicate that…
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The Arbitrum Foundation has unveiled a proposal for a $400 million Gaming Catalyst Fund, targeting the expansion and enhancement of its blockchain gaming sector. In a detailed proposal published on the community forum, the Arbitrum Foundation outlined its vision for the fund. The initiative, designed to enrich Arbitrum’s gaming landscape, is currently seeking endorsement from…
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Nearly $47 million was stolen from approximately 57,000 crypto users by criminals who use phishing scams to lure victims. The Scam Sniffer data highlights that most of the thefts occurred on the Ethereum chain, with ERC-20 tokens being the most targeted. Unlike in January, the number of victims who lost digital funds exceeding $1 million…
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Arbitrum, a Layer-2 blockchain network, is gearing up to release $2.32 billion worth of vested Arbitrum (ARB) tokens on March 16, marking a major milestone for the platform. Token Unlocks highlighted that Arbitrum will do a “Cliff Unlock,” where tokens are released in a lump sum at the deadline. Arbitrum Prepares for $2.32 Billion Token…
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A proposal aiming to contribute to funding the legal defense of the developers of Tornado Cash, the Ethereum-based mixing platform, was removed by the Arbitrum community over apparent legal concerns. Devansh Mehta, lead of the working group of the Arbitrum treasury, criticized the move, stating that there was “absolutely nothing wrong with paying for the…
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