A notable fact about Arbitrum is that it is the largest Layer 2 based on the key metric of “Total Value Locked” or TVL, which represents deposits locked in a particular network’s decentralized finance protocol. According to the L2Beat website, this figure for the Arbitrum One network currently stands at $8.4 billion, almost double the $4.6 billion for the second-place OP mainnet.
Author: Crypto Flexs
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An attack on Ledger’s connector library could impact the entire Ethereum Virtual Machine (EVM) ecosystem. according to To the team at Linea, Consensys’ zero-knowledge rollup.Hackers targeted the Ledger connector library, which is designed to enable communication between Ledger hardware wallets and various decentralized applications (DApps). Wallet provider MetaMask was also affected by the security incident. Dear web3 users,This vulnerability appears to affect multiple dapps across the entire EVM ecosystem. It is extremely risky to interact with the dapp until the issue is properly resolved.Stay safe out there! https://t.co/kFykLW4lWm— Linea (@LineaBuild) December 14, 2023 According to a post by X (on…
Cronos Labs has partnered with Matter Labs to launch the Cronos Zero Knowledge Ethereum Virtual Machine (zkEVM) testnet. Competition in the Ethereum layer-2 sector is increasing with a proliferation of new players. 2023 will see the emergence of many new layer 2 protocols, such as Coinbase’s Base, Blast, and COTI V2. Cronos prepares for its next phase of growth with the launch of zkEVM testnet. Ken Timsit, Managing Director of Cronos Labs, said in a press release: “The Cronos zkEVM testnet represents an opportunity for Cronos Labs and its partners, including VVS, Fulcrom and Veno, to experiment with ZK Layer…
The Financial Accounting Standards Board (FASB) has taken important steps to address the complexities of accounting for cryptocurrency assets. On December 13, 2023, the FASB issued Accounting Standards Update (ASU) No. 1, which aims to improve the accounting and disclosure of certain crypto assets. Announced for 2023-08. This update is a response to the evolving nature of digital assets and the need for more relevant financial reporting in this space. Introducing a new standard The new standard is a compilation of feedback from various stakeholders who highlighted the importance of strengthening accounting and disclosure practices for cryptocurrency assets. FASB Chairman…
Former Goldman Sachs executive Raoul Pal said he is betting on XRP. Real Vision’s CEO said in a new interview with attorney John Deaton that he purchased the asset after the U.S. Securities and Exchange Commission (SEC) sued Ripple and claimed that XRP was an unregistered security. “When you see something like that, you think, ‘Oh, now the price has been drastically discounted.’ We know it’s real. Half of the people are excluded from the market. This is the opportunity of a lifetime.’ So I bought it then. And I’ve kept at it ever since.” Pal said he purchased XRP…
I may not be the only one interested in investing and supporting this project. If so, it is doubtful whether there will be an ARK-related token to make this happen. thank you!
Bitcoin (BTC) and altcoins are a no-brainer investment in the current macro environment, says Arthur Hayes.in post On December 14th atBitcoin worth $1 million still in operation in 2024, “a turning point”Hayes argues that buying cryptocurrencies is key to success as the market is betting that the US Federal Reserve will cut interest rates next year.At the December 13 Federal Open Market Committee (FOMC) meeting, Federal Reserve policymakers voted to maintain a freeze on interest rate increases.As was widely expected, subsequent speeches and news conferences with Chairman Jerome Powell sparked talk of an imminent rate cut, said to be a…
Ethereum once again showed a state of deflation. It is in the spotlight as the number of ETH tokens in circulation on the network continues to decline significantly. This stems from the following beliefs: bull running and other factors This could help sustain this trend. No more ETH in circulation According to data Ethereum decreased in Ultrasound Money. circulating supply Over the past 7 days, more than 14,160 ETH has been uncirculated. That’s over 30,700 results. get burned During this period, there were just over 16,500 ETH issued during the same period. This development continues the growing trend where the…
In the rapidly evolving online trading landscape, LeverageSix.com has carved a niche as a platform that appeals to a wide range of traders, from seasoned market veterans to those just beginning their trading journey.Our detailed review of LeverageSix.com takes an in-depth look at the different features of the platform, its overall functionality, and the user experience it offers.We aim to highlight the unique aspects that set LeverageSix.com apart in the highly competitive online trading space. Analyzing its services and tools provides valuable insights that help you understand how LeverageSix.com stands out and whether it fits the diverse needs of today’s…
Hello cryptocurrency enthusiasts. This is Joseph from Platinum Crypto Academy. As you can see, there is something exciting about catching cryptocurrency gems before they explode onto the scene. It’s like finding a rare treasure in a vast digital ocean. Today I’m going to detail how we, as seasoned traders, spot these opportunities before they hit the mainstream. Cryptocurrency treasure hunting technology Finding hidden gems before they reach the mainstream is like finding gold. But this is not a game of chance. It’s an art that combines skill, strategy, and a bit of cryptocurrency intuition. As a seasoned trader, I have…