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…
The Shanghai and Capella upgrades, named Shapella, will activate around 6: 30 pm UTC on April 12, 2023, per the Ethereum Foundation’s latest note. Crucially, this upgrade will let Ethereum stakers, including individuals and larger staking outfits, freely withdraw their ETH. Currently, that’s not possible. The news boosted native tokens for staking projects like Lido DAO (LDO), Frax Shares (FXS),…
Bitcoin bears get a sudden roasting as a short squeeze sends BTC price action to levels last seen before the Binance regulatory debacle. Source: https://cointelegraph.com/public/index.php/news/bitcoin-price-jumps-above-28k-after-1-5k-btc-shorts-blown-out
On March 29, multichain wallet BitKeep announced that it had fully compensated users affected by the 7.2.9. Android Package Kit (APK) exploit that took place on Dec. 26, 2022. On the day of the incident, the 7.2.9. APK update for BitKeep was maliciously swapped by hackers, resulting in an estimated $8 million loss of funds from users who downloaded the…
A new bill has been introduced to the Australian parliament proposing regulations for the provision of cryptocurrency services in the country. Senator Andrew Bragg submitted a private senators’ bill titled Digital Assets Bill 2023 to ‘protect consumers and promote investors’, which includes regulatory recommendations for stablecoins, licensing of exchanges and custody requirements. Proposed regulatory changes are typically introduced by Australian…
On March 28, Ethereum core developers confirmed that Shapella will take effect at 10:27 pm UTC on April 12. According to the announcement, Ethereum Improvement Proposal (EIP) 4895 will allow withdrawals after pushing the staked Ether from the Beacon Chain into the Ethereum Virtual Machine (EVM), which is the execution layer. This will allow full and partial withdrawals with some…
The legislation was one of several laws designed to combat money laundering and terrorist financing, receiving 99 votes in favor, eight votes against and six ab… Source: https://cointelegraph.com/public/index.php/news/eu-lawmakers-push-for-stricter-rules-on-anonymous-crypto-transfers
European Union lawmakers have adopted new draft legislation that would impose a 1000 euro ($1,083) cap on anonymous crypto asset transfers in a bid to combat money laundering and terrorist financing. According to a European Parliament statement published on March 28, the limit would apply to a crypto asset transfer in cases when a customer can’t be identified. Cash transactions…
The central bank in the United Arab Emirates said it has started implementing its digital currency strategy with partners G42 Cloud and R3. According to the central bank, the digital currency initiative is expected to “further position and solidify the UAE as a leading global financial hub.” CBDC Strategy to Focus on Three Pillars The United Arab Emirates (UAE) central…
The rollout of The Bank of Russia’s central bank digital currency (CBDC) pilot is being delayed for an indefinite period. Although all the participants, at least from the banking side, reassure of their readiness to begin the testing. As reported by the state-owned TASS on March 28, the CBDC pilot won’t start on April 1, as was previously announced, due…
