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On Friday, Binance announced the integration of the Arbitrum One core network and opened Ether (ETH) deposits on the Arbitrum One layer two.Arbitrum is a third-generation layer-two optimistic rollup protocol that runs on an off-chain Ethereum contract and has lower costs and faster transactions than on the Ethereum mainnet.The announcement
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“Since 2018, DoraHacks has partnered with Binance on 15 global hackathons and grant rounds. Through DoraHacks’ developer events and grant toolkits, Binance has distributed over $2 million in funding to more than 100 teams,” said DoraHacks founder Eric Zhang in a press release. “This new round of strategic investment will
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Clinton’s comments come in the wake of controversial crypto tax reporting requirement that was part of the $1 trillion bipartisan infrastructure bill signed into law by U.S. President Joe Biden on Monday. Per the bill, from 2023, brokers will need to disclose customers’ names, addresses, phone numbers, capital gains, and
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One decentralized finance trader told CryptoX via Discord that “this is fairly big news because it will enable more people to use Arbitrum without having to touch Ethereum.” Currently, users have to go onto a different network, then bridge to Aributrum, which can be expensive, the trader said. Source
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BCH is the native cryptocurrency of Bitcoin Cash, which is a spinoff of the Bitcoin blockchain that is designed to be more scalable, cheaper and faster to use as an electronic cash system than Bitcoin.After Bitcoin operated smoothly for several years, a number of developers working on the original Bitcoin
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Bitcoin (BTC) is demanding a “slightly bearish” rethink on price action as old support levels give way overnight.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysts sounds alarm over open intereData from Cointelegraph Markets Pro and TradingView showed a low of $55,640 on Bitstamp on Nov. 19.Capitalizing on its lowest levels in
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Digital Currency Group (DCG), the crypto investment company whose holdings include asset manager Grayscale, crypto lender Genesis and independent news outlet CryptoX, said it raised $600 million in a new credit facility, marking its first entry into the debt capital markets. Source
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Billionaire Chamath Palihapitiya has sold 15% of his position in the crypto and stock trading platform and finance company SoFi. The company went public earlier this year through a merger with a blank-check company led by Palihapitiya, and was valued originally at $8.65 billion and now has a market cap
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Ethereum extended decline below the $4,200 support against the US Dollar. ETH spiked below $4,000 and it might now correct higher in the short-term. Ethereum started a fresh decline from the $4,350 and $4,300 resistance levels. The price is now trading below $4,200 and the 100 hourly simple moving average. There is a
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Binance, the global crypto exchange CZ started in 2017, has also set up an entity for its global headquarters and is currently communicating with regulators around the world, the CEO said. He named France, the U.A.E., and Singapore as crypto-friendly jurisdictions, but did not say where the actual headquarters was. Source
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