Arbitrum DAO takes $56M of unclaimed ARB as airdrop deadline ends

    The amount of unclaimed Arbitrum tokens accounts for 0.69% of ARB’s total supply of 10 billion. Arbitrum, a major layer-2 scaling solution for the Ethereum blockchain, has officially added the unclaimed tokens from its airdrop to its treasury. The Arbitrum Foundation sent 69.4 million unclaimed Arbitrum (ARB) tokens to its decentralized autonomous organization (DAO), the…

    Vitalik Buterin’s Privacy Pool proposal is just the start

    Vitalik Buterin’s September paper about Privacy Pools touched on an idea that could be the start of a new approach to privacy for crypto transactions. By now, most of the cryptosphere has heard of Privacy Pools — a project launched this year by Ameen Soleimani, a well-known developer and founder. As a former contributor to Tornado Cash,…

    Pay-to-use blockchains will never achieve mass adoption

    Blockchain projects should learn from Google and Facebook by monetizing users without directly asking for their money. Pay-to-use blockchains are done. Not for us, of course — the nerdy crypto crowd. We’re perfectly happy to open wallets, engrave seed phrases on steel cards we bury in the ground, find exchanges we haven’t been blocked from yet, wrap some assets…

    Chainlink downplays worries after users notice quiet change to multisig

    Chainlink critics have reiterated concerns about the oracle networks’ supposed centralization after a subtle adjustment to its multisig wallet. Decentralized oracle network Chainlink has downplayed a recent change in the number of signers required on its multisig wallet — a move that garnered backlash on social media from vocal critics. Crypto researcher Chris Blec was…

    Coinbase holds 5% of all Bitcoin in existence: Data

    While Coinbase holds $25 billion in BTC, the exchange only owns around $200 million of Bitcoin in its wallets. Blockchain intelligence platform Arkham recently identified that crypto exchange Coinbase holds almost 1 million Bitcoin in its wallets. The coins are worth more than $25 billion at current market prices for BTC. According to Arkham, the exchange’s…

    Bitcoin miners double down on efficiency and renewable energy at the World Digital Mining Summit

    Bitmain rolled out its efficiency-focused Antminer S21 at the WDMS, and Bitcoin miners shared their plans for boosting productivity via green energy. Bitmain rolled out its next-generation Antminer S21 and S21 Hydro ASIC miners at the World Digital Mining Summit (WDMS) in Hong Kong on Sept. 22, revealing the crucial performance stats the entire industry…

    Coinbase secures AML registration from the Bank of Spain

    The Anti-Money Laundering (AML) registration will allow cryptocurrency exchange Coinbase to offer its services to both retail and institutional investors within Spain. Cryptocurrency exchange Coinbase has secured an Anti-Money Laundering (AML) compliance registration from Spain’s central bank, as part of its ongoing expansion across Europe. According to a Sept. 22 statement, the registration with the Bank…

    EU Parliament research recommends non-EU nations tighten crypto regulation

    Potential implications around financial stability, lower market appeal and mainstream use of stablecoins were the main concerns highlighted by the author of the report. The European Parliamentary Research Service (EPRS) highlighted the need for tighter oversight from non-European Union regulators to ensure greater stability and development in the global cryptocurrency market. As the Markets in…

    Stablecoin exodus: Why are investors fleeing crypto’s safe haven?

    Stablecoins have seen a 17-month decline as investors move to traditional assets. What needs to happen for the exodus to stop? In a year filled with uncertainty in the cryptocurrency space, a new trend has been unraveling: a stablecoin exodus that has now lasted for 18 consecutive months and has seen the market dominance of stablecoins drop…

    Base surges past Solana as total value locked nears $400M

    As per DeFi Llama data, Solana’s TVL has decreased by 9.64% over the past month to sit at $358.96 million, while Base’s TVL has surged to $397.32 million. The total value locked (TVL) on Coinbase’s layer 2 network Base has surged to $397.32 million in roughly a month and a half since launching in August….