Monthly archives: February 2023

Arbitrum’s Daily Transaction Count Surpasses Ethereum for the First Time Ever

According to statistics recorded this week on Tuesday and Wednesday, the layer two scaling project Arbitrum’s transaction count has surpassed Ethereum’s. On Wednesday, Arbitrum processed 1,090,510 transactions, compared to Ethereum’s 1,080,839 transfer count. L2 Scaling Solution Arbitrum’s Daily Transfers Skyrocket Layer two (L2) scaling networks have become popular over the last two years as secondary …

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Former FTX CEO Sam Bankman-Fried Faces New Charges in Multi-Billion Dollar Fraud Case

Sam Bankman-Fried (SBF), the disgraced co-founder of FTX, faces four more charges after a new indictment was unsealed on Wednesday. The charges include operating an unlicensed money transfer business and conspiring to commit bank fraud. SBF Gets 4 New Charges Tacked Onto His Indictment The former CEO of FTX was originally indicted 72 days ago …

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New York Attorney General Sues Crypto Exchange Coinex — Claims Trading Platform Offers Unregistered Securities

New York Attorney General Letitia James has sued cryptocurrency exchange Coinex “for failing to register as a securities and commodities broker-dealer and for falsely representing itself as a crypto exchange.” The NY attorney general also stressed that Coinex is not registered with the U.S. Securities and Exchange Commission (SEC) even though the platform lets users …

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Bitcoin, Ethereum Technical Analysis: ETH, BTC Rebound Following Fed Minutes

Ethereum rebounded on Feb. 23, as markets reacted to the latest Federal Open Market Committee (FOMC) minutes. The minutes showed that the Fed hinted at maintaining its current policy until further signs that inflation is “substantially” slowing. Bitcoin was also higher, as it rose back above $24,000. Bitcoin Bitcoin (BTC) moved back above $24,000 on …

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Report: Chipper Cash Lays Off More Workers — Crypto Department Still Operational, Says CEO

The Nigerian fintech, Chipper Cash, recently said it has let go of more employees and that this step has been taken to help the firm contain its operating costs. Although no figure of the number of axed workers was given, one report estimated this to be around 100, or 12.5% of Chipper Cash’s entire workforce. …

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Polkadot (DOT) Eyes More Functionalities, Cosmos (ATOM) Ecosystem Grows As New Projects Join Its Network, TMS Network (TMSN) Streamlining Crypto Trading To Benefit Traders

Since the crypto market has expanded to include all strata of investors, there is an ever-increasing demand for platforms that can ease the process of […] Go to Source

Coinbase Adds Support for Euro-Pegged Stablecoin After Binance CEO Predicts New Trend for Crypto Sector

Coinbase is adding support for an Ethereum (ETH)-based stablecoin that aims to stay pegged to the Euro to its crypto trading platform. The top US crypto exchange announced Euro Coin (EUROC) as the latest offering for its clients, with trading to be available after liquidity conditions are met. “Coinbase will add support for Euro Coin (EUROC) …

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Investor Who Called Crypto Bottom Issues Warning, Says To Expect ‘Major Reversal’ – Here’s What He Means

An investor who accurately called the bottom of the current crypto bear market doesn’t think digital assets are ready to form new all-time highs. Chris Burniske, a partner at venture capital firm Placeholder, tells his 254,400 Twitter followers that he thinks the crypto market this year will be a “little less volatile” version of 2019. …

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XRP Co-Creator Posts Cryptic Message on Survival of Ripple Amid SEC Crypto Battle

XRP co-creator and CTO of Ripple, David Schwartz, just posted a cryptic message on Twitter. The note appears to address the U.S. Securities and Exchange Commission’s lawsuit against Ripple, which alleges the company sold XRP as an unregistered security for years. In his message, Schwartz takes a bird’s-eye view of Ripple’s journey to this point …

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On-Chain Analyst Willy Woo Says Bitcoin Short Squeeze Now on the Table As BTC Indicators Flip Bullish

Popular on-chain analyst Willy Woo says Bitcoin (BTC) could be due for a short squeeze in the near future. Woo tells his 1 million Twitter followers that BTC’s fundamentals are picking up. “Fundamental Strength Indicator is no longer overheated and starting to rise (FSI tracks the strength of 17 fundamental and technical indicators) If price …

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Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges

The federal judge presiding over the case for former FTX chief executive officer Sam Bankman-Fried has ordered a superseding indictment unsealed containing 12 criminal counts. In a superseding indictment filed with the United States District Court for the Southern District of New York on Feb. 22, U.S. Attorney Damian Williams alleges Bankman-Fried’s actions in the …

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Coinbase launches its own Layer 2 network for building decentralized apps

On Feb 23, crypto exchange Coinbase announced the launch of Base — an Ethereum layer-2 network. The company claimed that this new network will offer a low-cost, secure, developer-friendly environment for building decentralized apps (DApps) on the blockchain. According to Coinbase, Base is designed to be a bridge for users into the crypto economy, offering …

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16 ways crypto leaders can help bridge the gap between Web3 and TradFi

When it comes to traditional finance, crypto and blockchain leaders are faced with something of a disconnect. TradFi firms are in one sense competition, but unless TradFi comes to embrace Web3, Web3 can’t reach its full potential. Complicating efforts to reach out to TradFi are mutual feelings of uncertainty: Crypto and blockchain pioneers fear that …

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Cointelegraph Top 100 reveals the second-place of the 2023 edition

Cointelegraph has reached the No. 2 spot on its 2023 Top 100 list: Ethereum co-founder Vitalik Buterin, who had a significant impact in 2022 and is expected to continue influencing the crypto space in 2023. Sitting among a sizable list of other co-founders of the Ethereum blockchain, Buterin was the one who wrote its white paper. DISCOVER …

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