Thursday, September 23, 2021

Layer 2 Network Arbitrum Experiences Hourlong Network Outage — CoinDesk

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“We’re very excited, very humbled by the support we’ve gotten,” said Goldfeder of the network’s launch. “Today’s the day we can finally provide scaling for the Ethereum user. But as exciting as that...

Bitcoin Oversold at Support, Resistance at $47K

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Bitcoin (BTC) is holding support at above $40,000, which could stabilize the pullback and encourage short-term buyers to return. But upside appears to be limited, given strong resistance at around $47,000-$50,000.The cryptocurrency was...

1inch Bolsters Arbitrum DeFi Ecosystem With Exchange Aggregation

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1inch has deployed its Exchange Aggregator and Limit Order protocols to the Arbitrum layer 2 network, the company said in a blog post.Aggregated exchanges will include Uniswap v3, Sushi, Dodo, Balancer, and Swapr....

Who Watches the Chain Watchers?

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Yesterday we had a major scoop from CoinDesk’s Danny Nelson, who unearthed a set of slides showing the crypto investigations firm Chainalysis has been running a wallet explorer site that scrapes users’ IP...

Solana-Based DEX Orca Raises $18M Series A Funding

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Orca, a Solana-based decentralized exchange (DEX), has raised $18 million in Series A funding led by Polychain, Three Arrows Capital and Placeholder.Other participants in the funding round include Coinbase Ventures, Jump Capital, Sino...

Custodian Cobo Wallet Closes $40M Series B to Expand Institutional DeFi Offerings

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Singapore-based crypto custodian Cobo Wallet raised $40 million in a Series B round led by DST Global, A&T Capital and IMO Ventures.The funds will be used for Cobo’s so-called “DeFi as a Service...

What Is DeFi?

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DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.DeFi draws inspiration from blockchain, the technology behind the digital...

Biden to Nominate Crypto Critic as Top Bank Regulator: Report — CoinDesk

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If nominated and confirmed, Omarova will be the first full-term Comptroller since Joseph Otting, who headed up the federal bank regulator between 2017 and 2020. Former Acting Comptroller Brian Brooks took over the...

Bitcoin, Ethereum, Crypto News and Price Data

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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set...

Pussy Riot, Ex-Bloomberg Reporter Join ‘Seed Club’ Crypto Accelerator — CoinDesk

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Also in the cohort is the reporter Matt Leising, who recently left Bloomberg after a 17-year tenure. His project, Tinsel DAO, will hunt for “crypto-based” intellectual property to turn into movies and TV...

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