The number of daily transactions on Arbitrum rose to a new record high of 1,312,052 on Wednesday, surpassing the previous peak of 1,103,398 reached on Feb. 21, according to data source Arbiscan. The Ethereum mainnet processed around 1.08 million transactions.
Source AheadAirdropArbitrumCountDailyHighHitsRecordTokenTransaction Read More
European crypto startups raised a record $5.7 billion in VC funding last year, up from $5 billion in 2021, according to the latest State of European Crypto VC Funding report. The investment cycle followed the global trend of peaking in the second quarter and declining sharply in the first quarter 5.7BCryptoEuropeanfundingRaisedRecordStartups Read More
Amazon is reducing costs and headcounts, considering the “uncertainty that exists in the near future” and the unstable economy.
E-commerce giant Amazon (NASDAQ: AMZN) has announced the additional layoff of 9,000 workers extending its recent record job cuts. The company announced in January that it would dismiss some staff, no less AdditionalAmazonDismissingEmployeesExtendingLayoffRecord Read More
Adobe reported revenue of $4.66 billion, up 9 percent YoY, against an estimated $4.62 billion by Wall Street.
Adobe Inc (NASDAQ: ADBE), an American multinational computer software company, reported its financial results for the first quarter of fiscal 2023 which ended on March 3. During the first quarter, Adobe reported earnings ADBEAdobeFiscalRecordReportsRevenueShares Read More
The previous high of $24.3 billion occurred in May 2021, when bitcoin was worth roughly $65,000 and ether $4,400.
Source 25BBitcoincryptoexchangeDailyDecentralizedDepeggedExchangesPostedRecordUSDCVolume Read More
“While the outflows are the largest on record, they aren’t when expressed as a percentage of total assets under management, that record was on May 2019,” the report said. A full $52 million of outflows that May represented 1.9% of AUM, according to CoinShares.
Source CryptoFundHitLevelOutflowsRecordWeekly Read More
Cryptocurrency investment products lost 10% of assets under management last week as institutional investors rushed for the exit during the latest episode of market volatility prompted by the Silvergate and Silicon Valley Bank collapses.Digital asset investment products registered $255 million in outflows for the week ending March 12, marking the BitcoinCollapseCryptocryptoexchangeExchangesInvestmentLargestOutflowsProductsRecordSVB Read More
Compared to the $110 billion recorded in 2021, the Saudi Arabian oil giant’s net income took a significant leap by growing over 46% YoY in 2022.
The Saudi Arabian Oil Group, also known as Aramco, announced its largest annual profit in 2022. The state-controlled oil giant posted a record net AnnualAramcoCompanyGasLargestOilProfitRecord Read More
DEXs rely on smart contracts instead of middlemen to provide financial services, such as trading, lending, or borrowing, to users. Users deposit their tokens to pools to provide liquidity to the platform for rewards – typically a cut of fees paid by traders who use these services.
Source BitcoincryptoexchangeCurvedayDeFiDominatesExchangesRecordTradingUniSwapUSDC Read More
Crypto bank Silvergate has discontinued its digital assets’ payment network because it is a “risk-based decision.”
The announcement comes after the bank’s stock fell over 59% last week due to fears of a potential bankruptcy.
Silvergate terminates exchange network
Silvergate announced on its website on Mar. 4 that it had closed the Silvergate CryptoNetworkPaymentsPlungeRecordSharesSilvergateTerminates Read More