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The milestone was accomplished less than one month after a much-anticipated airdrop. According to statistics compiled by user @Henrystats on Dune Analytics, the number of account s, or wallet addresses, for Ethereum layer-2 scaling solution Arbitrum (ARB) surpassed 5 million on Apr. 17. Aside from individual addresses, there are now more than four million active account s in the ARB ecosystem with nearly 200 million transactions having been completed since inception. The growth has come on the back-end of both a busy development cycle for Arbitrum and the hype surrounding its Mar. 23 airdrop, an event that saw the distribution of 1.275 billion ARB tokens to a total of 625,143 eligible addresses. The number of accounts amounted to 3.4 million after the last ARB airdrop.  Remember #Arbinauts, you have 6 months to claim your tokens! Gas fees will be quite high, and there will be server congestion. — Arbitrum (,) (@arbitrum) March 23, 2023 The day after the airdrop, Cointelegraph ...

Upon approval, both the SEC and the FINRA will become Certificate Holders in the private blockchain, allowing regulators to view transactions and access the network governance. A Delaware company is seeking registration with the United States Securities and Exchange Commission (SEC) to carry out over-the-counter (OTC) stock trading on-chain.  BlackStar Enterprise Group has been developing the platform since 2018 and spent almost two years in communication with the regulator, answering dozens of questions and comments from examiners. Recently, the company has taken the next step in providing a detailed plan to the SEC Trading and Market division about how its platforms will be operated. BlackStar CEO Joseph Kurczodyna told Cointelegraph that he sought the SEC’s permission to build the platform’s demo in 2018. “We have proved that U.S. registered securities can be traded digitally on a blockchain, that the process is compliant with broker dealers’ back-office and SEC rules," co...

Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in the ethnically divided, partially recognized Balkan state. Kosovo Government Cracks Down on Crypto Mining in Mainly Serb North Law enforcement in Kosovo has carried out raids against cryptocurrency mining in a northern municipality where Serbs form the majority of the population, the Turkish Anadolu Agency reported, quoting a member of the Albanian-led government in Pristina. According to Economy Minister Artane Rizvanolli, police have seized 174 devices designed to mint digital currencies. Announcing the operation in Zubin Potok on social media, she insisted that the failure to pay electricity bills encourages such illegal activities. Consumers in the predominantly Serb northern part of Kosovo have not paid for electric power in over two ...

Crypto lawyer Bill Morgan recently took to Twitter to share his thoughts on the recent controversy surrounding Ripple’s Liquidity Hub product. The controversy started after a crypto influencer on Twitter brought attention to Ripple’s newly unveiled Liquidity Hub, which was marketed as the firm’s B2B Crypto Liquidity API Solution. The influencer claimed that back in 2021, the General Manager of Ripple stated that the firm’s Liquidity Hub product would be “starting with XRP, BTC, ETH, BCH, LTC, and ETC (varying by jurisdiction)”. However, Ripple’s press release which announced LH had no mention of XRP. The influencer raised the question of a possible settlement agreement given the company’s ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC). The tweet gained considerable traction following which, the XRP community started demanding answers from Ripple and its Chief Technology Officer David Schwartz. “Someone from @Ripple needs to explain why $XRP has been ...

The crypto market is on a green trajectory as it hits a ground-breaking $1.28 trillion market cap, indicating potential opportunities for global investors. Considering the permeates of digital assets in circulation, deciding on the best crypto projects to purchase is challenging. Research metrics such as project concepts, fundamental analysis, current market capitalizations, and more will be required to select the best cryptocurrency to purchase. The hike in interest rates and the downtrend of the U.S. stock market has also propelled concerns for traditional equity investors and the overall digital asset market. Nevertheless, a few tokens have shown bullish potential, recording two-digit percentage returns in the last 24 hours. In this article, we explored the seven top gainers in the crypto space and a few promising projects yet to launch on exchanges. Arbitrum ($ARB) Kicking off our list of the top crypto gainers for today is Arbitrum’s native token, $ARB. The Ethereum ec...

The bill aimed to have only state authorities impose regulations and taxes on individuals and businesses running blockchain nodes, as opposed to those at the city and county level. Katie Hobbs, the governor of the state of Arizona, has vetoed legislation that would have largely stopped local authorities from imposing taxes on individuals and businesses running blockchain nodes.  In an April 12 decision, Governor Hobbs issued a veto to Arizona Bill 1236, first introduced in January. The legislation aimed to revise sections of statutes pertaining to blockchain technology, largely reducing or eliminating Regulation and taxation of node operators at the state level. “A city or town may not impose a tax or fee on any person or entity for running a node on blockchain technology in a residence,” said the Senate engrossed version of the bill. “The imposition of a tax or fee on a person or entity running a node on blockchain technology in a residence is of statewide concern and not subject to...

Bitcoin is entering a period of increased volatility, according to a new Analysis by crypto media outlet Coin Bureau. In a recent video, the YouTube channel’s host, Guy Turner acknowledged that the cryptocurrency’s current setup suggests an impending significant move. According to him, the Bitcoin price would move significantly higher or lower as soon as it breaks out of the current Bollinger band squeeze. Turner’s initial projection comes from the Bollinger bands’ behavior on the daily chart. Turner further confirmed his forecast using the lower time frame charts in the four-hour and the one-hour charts. The Bollinger bands indicator on both charts replicated a similar behavior, as seen on the higher timeframe. However, Turner noted that the prolonged sideways movement of the Bitcoin price is good for altcoins. According to him, the logic behind altcoins performing well when BTC trades sideways revolves around investors’ pursuit of large gains during periods wh...

According to a strategist at Bank of America , Bitcoin’s 2023 rally could have room to run. Specifically, the banks stated the possibility that the asset’s movement between both cryptocurrency exchanges and personal wallets is a guiding factor. In the week of April 4, a net of $368 million Bitcoin was sent to personal wallets. Moreover, the development was noted as the second-largest Bitcoin outflow from crypto exchanges, according to strategists Alkesh Shah and Andrew Moss, in a note obtained by Bloomberg. Source: Bloomberg BofA Talks Bitcoin 2023 Rally According to strategists at Bank of America , Bitcoin’s rather impressive 2023 rally could have room to run. Moreover, in a note released by Bloomberg, two strategists note the tremendous outflow from crypto exchanges to personal custody wallets as a potential attributing factor. “Investors transfer tokens from exchange wallets to their personal wallets when they intend to hold them (or HODL), indicating a potential dec...

The analytics firm backed up its prediction, stating only 253 validators have signed up to fully exit their staked Ether position. An estimated 170,000 Ether (ETH) of the total 18.1 million ETH staked on the Beacon Chain will be unlocked within the first week of the Shanghai hard fork being executed on Ethereum, Glassnode has predicted. The figure comprises 100,000 Ether ($190 million) worth of staking rewards and 70,000 ETH worth of staked Ether ($133 million) the on-chain intelligence platform predicted in its April 11 report. Glassnode backed up its prediction by explaining that only 253 depositors are waiting to exit their stake and that a few mechanisms are in place to prevent a flood of Ether supply from hitting the market all at once. The highly anticipated Shanghai/Capella hard fork is scheduled to take place on 12-April-2023, enabling the withdrawal of staked #Ethereum. In this extended edition of the Week On-Chain, we shall evaluate the overall Ethereum staking landscape, de...

Join Our Telegram channel to stay up to date on breaking news coverage MetaMask, a popular crypto wallet and decentralized application provider, just announced that it is launching a new feature that will allow its users to buy crypto currencies with fiat currency directly by using its Portfolio dApp. In doing so, the wallet will allow users to get into crypto currencies without going through centralized exchanges first. We foxes at MetaMask 🦊 are excited to announce that our Buy Crypto feature now also resides in our Portfolio Dapp, providing a simple and smooth purchasing journey👌 🔗https://t.co/sEcCnQhbRB pic.twitter.com/UvaG2wMSpy — MetaMask 🦊💙 (@MetaMask) April 10, 2023 MetaMask now allows users to buy crypto with fiat directly from the wallet Despite the massive growth and development in the decentralized part of the crypto industry, fiat on- and off-ramps were still lacking. As a result, users had to go...

More than 1.1 billion Shiba Inu tokens were burned in one single large transaction on Easter Sunday. The development is the largest burn of the year, in a climate where 1.5 million SHIB are removed out of circulation, on an average, daily. The last time 1 billion tokens were removed from circulation was in January 2023, when a combined 1,124,579,958 were sent to the dead wallet the same month. However, this time around, 1.1 billion tokens were burned in a single day in one large transaction. Also Read: Exclusive: ‘If Shiba Inu Reaches $0.01, I’ll Buy 20 Acres Land & Build My Dream House’ BREAKING️1.1 billion $SHIB burnt in a single transaction! https://t.co/pccy54oexS — SHIB HODLER (@ShibaInuHodler) April 9, 2023 You can read more details about the single-largest burn of the year here. The burn of this magnitude for a single day comes much before the Shibarium Layer-2 network’s release. The dog-themed token has 589 trillion in circulating supply, and Shibarium cou...

Hong Kong has already taken serious steps to develop the Web3 industry and its Financial Secretary says now is the right time to keep moving forward. Now is the "right time" for Hong Kong to push forward with Web3 despite the crypto market fluctuations, according to the Financial Secretary of Hong Kong, Paul Chan. In an April 9 blog post, Chan explained that one of the three major directions he has proposed in the city's budget was for the further development and application of Web3. Translated, Chan wrote that for " Web3 to steadily take the road of innovative development" Hong Kong will "adopt a strategy that emphasizes both 'proper regulation' and 'promoting development.'" Chan says the region also plans to focus on financial security, preventing systemic risks and focus on investor education, protection, and measures around anti-money laundering. Paul Chan appearing via Zoom to deliver opening remarks for a Hong Kong financial co...

Amidst the COVID-19 pandemic, Shiba Inu’s price reached a low of $0.000000000082 on Sep. 1st, 2020. Yet, a year later, in October of 2021, that same meme coin would reach an all-time high of $0.00008616 according to CoinGecko. So, if $1,000 worth of SHIB was purchased in 2020, how much would it be worth today? The 2020 pandemic crash was undoubtedly a treacherous time for investors. Yet, three years out from that horrendous reality, the market has witnessed some stocks bounce back. Among those, is the meme coin that could have presented massive gains to potential investors at the time of its launch. Source: The Economic Times $1,000 SHIB Investment in 2020 is Worth How Much? There is little argument to be made against the growing prevalence of meme coins. Specifically, digital assets like Dogecoin (DOGE), and Shiba Inu (SHIB) have garnered some of the most passionate communities in the entire industry. Yet, just a few years ago, the entire market was rocked by the arriv...

On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. House of Representatives, shared an article about the Federal Reserve’s Fednow project and criticized the central bank’s digital currency efforts. The representative from Georgia insisted that the U.S. should return to the “gold standard” and said she’s taking a “hard pass” on digital currency payment systems. MTG Blasts U.S. Central Bank’s Fednow Digital Currency Program Representative Marjorie Taylor Greene (R-GA) is known for her controversial statements and is not shy about expressing her opinions. The American politician and businesswoman has represented Georgia’s 14th congressional district since 2020. On April 5, she criticized the U.S. central bank’s Fednow project, stating that the U.S. should return to the gold standard rather than relying on digital currency payment systems. “Hard pass,” added the Congress member. Li...