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 chains allow users to transact…
An anonymous Ethereum investor has lost more than $2 million trading Ether (ETH) since Sep. 9, 2022, on-chain data shows. Buying Ethereum high, selling low Spotted by on-chain monitoring resource Lookonchain, the “stupid money” trader spent $12.5 million in stablecoins to buy 7,135 ETH after it rallied 10% to $1,790 in September 2022. But a subsequent correction forced the trader…
Optimism–a scaling solution built on Ethereum–has seen the price of its native token soar amid Coinbase’s announcement of its own layer-2 network on Thursday. The token, OP, is up 16% on the day according to CoinGecko, and peaked just above $3 before retracing to around $2.90 at press time. By comparison, most major cryptocurrencies have been relatively stagnant over the…
Teaching cryptocurrency to children can be a great way to introduce them to the world of finance and technology. Here are some interactive ways one can utilize to teach cryptocurrency to children: Start with the basics and use analogies Start by defining and describing the nature of money. Inform your kids about the various types of money and the function of…
The Chamber of Digital Commerce, a non-profit trade association that engages government officials on the use of crypto and blockchain, has urged a federal court to dismiss a case brought by the U.S. Securities and Exchange Commission (SEC) against former Coinbase employees accused of insider trading. In an amicus brief filed Wednesday, the Chamber of Digital Commerce argued that “the…
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 TradFi’s influence may weaken the…
Prosecutors today hit disgraced crypto mogul Sam Bankman-Fried with new criminal charges relating to political donations he made while running the now collapsed digital asset exchange FTX. A superseding indictment Thursday alleges that the ex-FTX boss made more than 300 illegal political donations in the United States to “try to purchase influence over cryptocurrency regulation in Washington, D.C.” FTX was…
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 by a federal grand jury…
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 alleged Bankman-Fried’s actions in the matter involving FTX and Alameda warranted 12 charges. According to the indictment, these included: Conspiracy to Commit Wire Fraud on Customers of FTXWire Fraud on Customers of FTXConspiracy to Commit…
On Feb 23, crypto exchange Coinbase announced the launch of Base — an Ethereum Layer 2 (L2) network. The company claimed this new network will offer a low-cost, secure, and 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 access to other…
