Arbitrum earnings are soaring as daily active users flood the layer-2 platform with the hope of an eventual airdrop. Post Ethereum (ETH) merge, layer-2 blockchains have been catching the eyes of users and investors alike. Research firm Delphi Digital has been tracking Arbitrum since August and recently shared its analysis in a monthly market report....Continue Reading

Lin Li, the company’s founder, has agreed to lending up to $14 million to New Huo Technology to bailout affected clients. According to a new filing with the Stock Exchange of Hong Kong on Monday, investment holdings company New Huo Technology, formerly known as Huobi Global, said that it has $18.1 million worth of deposits...Continue Reading

It’s Downtober for crypto as venture capital drops 48.6%, security token volume is down 24.8%, and Core Scientific and Argo Blockchain face financial difficulties. In the past, it was often said that Bitcoin (BTC) moves the entire crypto and blockchain industry. Is this still the case? The past few months have seen Bitcoin hitting high-water...Continue Reading

The Ethereum merge is the upgrade from proof-of-work to proof-of-stake as a way of validating block transactions on the network. What is the future of GPU mining? The future of GPU mining depends upon miners’ willingness to continue mining alternative GPU mineable cryptocurrencies.  Mining, the foundation of PoW cryptocurrencies, may continue to flourish, given that...Continue Reading

Although it was quickly overshadowed by more dramatic events, the LBRY case is a rare instance of a crypto related unregistered securities complaint going to court. The United States Security Commission (SEC) won its case against blockchain-based file-sharing and payment network LBRY in district court in New Hampshire on Nov. 7 when that court decided...Continue Reading

Snowden draws attention to buying Bitcoin after the March 2020 crash as BTC price action consolidates below $17,000. Bitcoin (BTC) returned to $16,500 at the Nov. 14 Wall Street open as bulls tried and failed to break higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Snowden hints BTC price echoes March 2020 Data from Cointelegraph...Continue Reading

CEO Marszalek says the firm has recovered much of the funds and has less than $10M in exposure to FTX. During a live ask-me-anything (AMA) session with users on Monday, Crypto.com CEO Kris Marszalek explained that the firm sent large-sum stablecoins to troubled cryptocurrency exchange FTX to fulfill liquidity within customers’ orders at the time...Continue Reading

Everything makes its way to the sea, and none more so than plastics. There are now five floating plastic islands in different oceans across the world, with the largest island even having a name, the Great Pacific Garbage Patch, which is three times the size of France. Lying between California and Hawaii, it is the...Continue Reading

Web3 technologies are changing the way we engage with various forms of entertainment and ownership is at the heart of it. Web3 is uprooting traditional entertainment industries with a new way of creating and engaging with digital content. The industry has already seen nonfungible tokens (NFTs) display the potential to transform how television scheduled programming...Continue Reading

Chinese Bitcoin mining firm Canaan posted a 90% over-the-quarter decrease in net income in Q3 2022, but it’s not the end of its business. Chinese cryptocurrency mining firm Canaan will continue to expand operations despite the ongoing bear market and an associated drop in earnings, according to the company’s CEO. Canaan posted a 90% over-the-quarter...Continue Reading