Arbitrum, an Ethereum layer-2 (L2) scaling solution, announced that it will launch its mainnet for users this August. The tool, which allows Ethereum users to transact with very low fees, was launched in beta version last June, with support from some of the major projects in the Ethereum space, such as Uniswap, who have tried … Read more
US Senator Elizabeth Warren, who has long been a skeptic of bitcoin, has shared her view on the benefits of cryptocurrencies. Noting that “the biggest upside of cryptocurrency may be the expansion or democratization of access to the financial system,” she warned that if something goes wrong, the crypto industry could require a federal bailout, … Read more
The infamous Dogecoin has seen double-digit gains in the past week as statistics show that the meme-crypto asset has gained 19.66% over the past seven days. Among the top ten digital currencies by market capitalization, Dogecoin has outperformed the competition, even surpassing Ethereum’s 18% weekly gain. Dogecoin’s Weekly Gains Overtake the Competition, Google Trends Data … Read more
Last month, the popular bitcoin analyst and creator of Plan B, a stock-to-flow price model, explained that he believes “the bulls are not over.” On 6 August, Plan B is still showing confidence in its forecast and has confirmed its message from the previous month. Meanwhile, there has been a surge in the bitcoin price … Read more
The monthly USD value transferred from the seven major non-fungible token (NFT) markets reached a total of $356 million during the first week of August. Currently, the Cryptopunks project is the leader in terms of NFT project sales. Meanwhile, Marketplace OpenC captured the lion’s share of the transferred value as 97.19% of the trading platform’s … Read more
The president of Fidelity Digital Assets, the crypto arm of Fidelity Investments, says that crypto is “its own unique asset class.” “We and others are deeply engaged with regulators to bring this asset class into the mainstream,” he revealed. Fidelity sees long-term interest in crypto assets among institutional investors Tom Jessop, president of Fidelity Digital … Read more
Renowned luxury auction house Christie’s has announced the company’s first non-fungible token (NFT) art sale in Asia on September 17th. According to the announcement, NFTs will feature Cryptopunks by Larva Labs, Meebits and Bored Apps. Christie’s unveils first NFT auction in Asia Founded in 1766 by James Christie, British auction house Christie’s has been auctioning … Read more
US Treasury Secretary Janet Yellen has reportedly objected to lawmakers regarding crypto tax amendments to a $1 trillion infrastructure bill backed by the crypto community. The White House later announced its support for a competing amendment. Yellen’s impact on lawmakers regarding crypto taxation The new crypto tax proposal in the $1 trillion infrastructure bill has … Read more
Genesis Digital, a leading cryptocurrency trading, lending and custody desk, released its Q2 report, where it confirmed what it called the “evolving role” that Ethereum and DeFi have in the industry. The report also confirms that institutional interest in crypto is still growing despite the price drop experienced by the market in the second quarter … Read more
