Short-sellers see max pain as crypto market pumps following inflation report

Crypto short-sellers saw massive liquidation in the past four hours as the market pumped on the back of inflation numbers remaining within expected bounds. CoinGlass data shows that more than 85% of the $151.24 crypto liquidations over the period were short positions — amounting to roughly $130 million as of press time. Meanwhile, long liquidations … Read more

Arbitrum-based DEX ArbiSwap rugs users days after launch – token down 99%

Ad Arbitrum-based decentralized exchange (DEX) ArbiSwap rugged users on March 2, and as of press time, the ARBI token has lost more than 99% of its value. The token crashed from $1.5 to $0.0000000093 following the rug. The ArbiSwap developers controlled the platform’s liquidity pools as they seeded most of the ARBI pairs at launch. … Read more

Unity launches decentralized technology tools for game developers

Ad Unity Technologies, developer of the Unity game engine, has launched a new set of decentralized technology tools for game developers looking to add decentralization to their games. Unity said that “decentralization” in a gaming context refers to “models of ownership in games that allow players to create, earn, or obtain in-game resources that they … Read more

DEX transaction volume on Arbitrum hits new weekly ATH

Ad Decentralized exchange (DEX) transaction volume on Arbitrum hit a weekly all-time-high of $2.62 billion after climbing 34.5% over the last seven days — making it the third most active blockchain network following Ethereum and Binance Smart Chain, according to DeFiLlama data. Meanwhile, daily transaction volume for DEXs on Arbitrum stood at $373.1 million on … Read more

EU votes against a de-facto ban on Bitcoin’s POW consensus method in MiCA draft

The ECON committee of the European Union voted against a de-facto ban on cryptocurrencies that rely on the proof of work consensus protocol, like Bitcoin, that was included in the latest draft of the MiCA, or Markets in Crypto-assets Regulation, report. Erster Etappensieg bei #MiCA im Ausschuss! Mit der Annahme meines Vorschlags haben die Mitglieder … Read more

UK police recover $5.4 million lost in crypto scam

The U.K.’s Greater Manchester Police said it has successfully returned $5.4 million to people who fell victim to an international cryptocurrency scam totaling more than $20 million. The funds were recovered from a USB that police found in July 2021. The USB contained roughly $9.5 million worth of Ethereum at the time. The Police said … Read more

Fans can now use Ethereum to tip creators on Twitter

Twitter announced on February 16 that it has added Ethereum support for its creator tips system. The company also enabled tips via three payment services, namely Paytm, Barter and Paga. “Cool, we’ve added Paga, Barter by Flutterwave, Paytm, and the option to add your Ethereum address.” Have you set up Tips on your profile yet … Read more