The Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing decentralized autonomous organization (DAO) governance model. The ARB token will have an initial supply of 10 billion, and coins will be airdropped to the Arbitrum DAO treasury, Offchain Labs (the company behind Arbitrum), Offchain Labs investors, users of the Arbitrum platform,…
Nonfungible token (NFT) trading volumes took a massive beating following the collapse of Silicon Valley Bank (SVB) last week as traders fled the markets fearing the repercussions of a major United States bank going under. According to a March 16 report from data aggregation platform DappRadar, NFT trading volumes were hovering between $68 million to $74 million in the lead-up…
Identity crisis: Cofounder of doodles says it’s not an NFT project One of the co-founders of nonfungible token (NFT) project doodles says it is going to pivot away from being an “NFT project” to becoming a “leading media franchise.” In a March 18 post on the project’s Discord, one of the doodle’s founders, Jordan Castro — who goes by the…
The National Institute of Statistics and Census of Argentina released February’s numbers for the consumer price index (CPI), registering an increase of 6.6%, a consequence of the rises in prices of food and beverages principally. The number is among the highest in the history of Argentina, reaching more than 100% growth year-on-year (YoY), something that has alarmed local analysts. Argentina…
Mecca. Bethlehem. The Wailing Wall. And now: Doge. Zealous followers of Kabosu—the wide-eyed Shiba Inu featured in the original Doge meme, whose fluffy visage adorns the popular Dogecoin cryptocurrency birthed in that internet phenomenon’s wake—now have the opportunity to make the pilgrimage to the dog’s earthly residence in Sakura, Japan. The trip comes courtesy of Own the Doge, a Doge-oriented…
Mecca. Bethlehem. The Wailing Wall. And now: Doge. Zealous followers of Kabosu—the wide-eyed Shiba Inu featured in the original Doge meme, whose fluffy visage adorns the popular Dogecoin cryptocurrency birthed in that internet phenomenon’s wake—now have the opportunity to make the pilgrimage to the dog’s earthly residence in Sakura, Japan. The trip comes courtesy of Own the Doge, a Doge-oriented…
The collapse of Silicon Valley Bank (SVB) saw investors loading their bags with USD Coin (USDC), along with an exodus of funds from centralized exchanges (CEXs) to decentralized exchanges (DEXs). Outflows from centralized exchanges often spike when the markets are in turmoil, explained blockchain analysis firm Chainalysis in a March 16 blog post, as users are likely worried about losing access…
U.S. Senator Elizabeth Warren alleges that Signature Bank failed because it “bought into its get-rich-quick narrative” and “embraced crypto customers with insufficient safeguards.” Emphasizing that the bank took “excessive risk,” the senator demanded answers from the CEO of Signature Bank regarding “the economically disastrous outcomes you created.” Senator Elizabeth Warren’s Letter to Signature Bank’s CEO U.S. Senator Elizabeth Warren (D-MA)…
The decentralized autonomous organization (DAO)-operated golf startup, LinksDAO is primed to become the new owner of the Spey Bay Golf Club in Scotland after successfully winning a bid to buy the course initially listed for just over $900,000. After winning the bid, the DAO has entered into an exclusivity agreement with the vendor and will look to formally close the…
LinksDAO, a Web3 community formed with ambitions to purchase a real-world golf course, said Thursday that it has agreed to do just that: it claims to have secured the winning bid to purchase Spey Bay Golf Club, an oceanside 18-hole golf course in Scotland. While the deal terms have not been disclosed, the over 100-year-old Spey Bay course was listed…
