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Arbitrum suffered a big blow during the April 1–2 weekend due to a conflict between ARB tokenholders and the Arbitrum Foundation on the allocation of 750 million ARB tokens worth around $900 million.Data from on-chain analysis firm Arkham Intelligence shows a transfer of $50.5 million out of the disputed allocation
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Ethereum Layer 2 governance platform Arbitrum Foundation has spoken out following the community FUD from its controversial ARB sale. The Arbitrum Foundation is taking heat for offloading 50 million ARB tokens on-chain without community consent. ARB’s value slumped 11% following the sale, with the Foundation explaining it utilized the proceeds in the DAO’s
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BNB (BNB) looks set to wipe out its March gains entirely as investors turn their attention to the latest regulatory crackdown on Binance, the world's leading crypto exchange by volume.BNB price logs worst daily performance in over a monthOn March 27, the U.S. Commodity Futures Trading Commission sued Binance and
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Crypto executives have expressed irritation over the latest White House economic report — which notably features an entire chapter dedicated to casting doubts on the merit of digital assets.The Economic Report of the President, released March 20, marks the first time the White House has included a section on digital
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Co-founder of content studio Bankless David Hoffman apologized for spreading rumors about what he called a "Wells Notice Carpet Bombing" targeting crypto firms, including the decentralized finance protocol Lido Finance. "Carpet bombing" was a reference to an allegedly flood of well notices sent to crypto firms last week, Hoffman was told
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Over the past week, the crypto scene was proliferated with apprehensions as investors raised concerns regarding Silvergate’s financial stability amid signs of impending collapse. Similarly, Binance saw its fair share of FUD but remained focused on growth-oriented strategies. Meanwhile, ethereum investors received news of a delay to the much-anticipated Shanghai
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This week on The Market Report, the resident experts at Cointelegraph discuss the recent fear, uncertainty and doubt (FUD) around the popular cryptocurrency exchange Binance and what the CEO of Solana had to say about recent outages. We kick things off with this week’s top storiesBinance CEO responds to Forbes claims:
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Bitcoin (BTC) price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain at the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vastly surpassed the market consensus. This fuelled investors' hope for a soft landing and the
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It might seem like forever and a day ago when the Bitcoin (BTC) price was trading below $18,000, but in reality, it was 40 days ago. Generally, cryptocurrency traders tend to have a short-term memory and, more importantly, they attribute less importance to negative news during bull runs. A great
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Binance CEO Changpeng "CZ" Zhao took to Twitter on Dec. 23 to share his perspective on the reasons behind the recent fear, uncertainty, and doubt (FUD) surrounding the crypto exchange.According to CZ in the thread, Binance's FUD is primarily caused by external factors - not by the exchange itself.One of
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