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Offchain Labs released a quick start guide and tools to make Orbit chain development easier. The altcoin’s price gained more than 4% over the past 24 hours and was trading at $1.14. A significant bullish technical flag was on the verge of being triggered on ARB’s daily chart. Yesterday, the Arbitrum (ARB) development team, Offchain Labs, announced on Twitter the release of a quickstart guide and tools to help make building an Arbitrum Orbit chain much easier. In a separate tweet, the crypto reporting platform, Wu Blockchain, shared some additional details about this new release. Today, we're releasing tooling that will make building your own Arbitrum Orbit chain easier than ever. To start, we're providing a quickstart guide & tools to help you with building your Orbit DevNet chain! start building via docs: https://t.co/syIhWswIlD — Offchain Labs (@OffchainLabs) June 21, 2023 According to the second post, these new developments by the A...

Bitcoin miner CleanSpark entered into a definitive agreement to purchase two turnkey mining campuses in the U.S. state of Georgia. Crypto mining firm CleanSpark is moving forward with its aggressive infrastructure expansion in the United States by acquiring two Bitcoin (BTC) mining facilities in a $9.3 million cash deal.  According to a June 21 announcement, CleanSpark entered into a definitive agreement to purchase two turnkey Bitcoin mining campuses in Dalton, Georgia. In turnkey Bitcoin mining , users can buy an assembled, configured, and optimized Bitcoin mining rig to use on mining farms. The facilities will host over 6,000 Antminer S19 XPs and S19J Pro+s, which are expected to add about 1 exahash per second (EH/s) to CleanSpark’s hashrate after the deal. According to Zach Bradford, CEO of CleanSpark, the newly acquired infrastructure will enable the company to reach its target of 16EH/s by the end of the year. The purchase follows several acquisitions by CleanSpark in rec...

Join Our Telegram channel to stay up to date on breaking news coverage Joseph Lubin founded the ConsenSys venture studio back in 2015. As it stands now, it seems that Lubin is convinced that the future of his Ethereum based network relies on tokens, particularly the selling thereof. ConsenSys And Its Shift With Regulations With this in mind, during his interview in the “Into the Ether” podcast done on the Ethereal Virtual Summit, he assured the public that the selling of tokens, a lot of it, will happen in due time. He told this to Eric Conner and Anthony Sassano, the hosts of “Into The Ether.” The conversation started with the start of Ethereum, and how Lubin was one of the five members that founded the. From there, it delved into how Lubin ConsenSys changed in recent times, especially after the recent flurry of layoffs that was done. In the first few years of operation, ConsenSys drove a lot of activity within the initial coin offering (ICO) space, using it as a way to crow...

Markedly, the zkEVM Validium protocol is a first-of-its-kind decentralized L2 secured by zero-knowledge (ZK) proofs. The upgrade is targeted towards keeping up with the future by aligning the current Polygon PoS with the vision of Polygon 2.0. If accepted and approved, the upgrade would be rolled out on the mainnet by Q1 2024. advertisement 3/ The chain would continue to be operated by the existing $MATIC-staked validators, who would then be running a first-of-its-kind, decentralized sequencer, and data availability network. If the proposal is accepted, the upgrade could go live on mainnet by the end of Q1 2024. — Polygon (Labs) (@0xPolygonLabs) June 20, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affilia...

Stacks (STX) is currently leading the charge against the bears, with an impressive 10% gain in the last 24 hours amid heightened market volatility . Stacks is a blockchain protocol that leverages bitcoin’s security and state through the innovative proof-of-transfer (PoX) consensus mechanism. With this integration, Stacks seeks to enable smart contract capabilities on the bitcoin network and bolster scalability. Per data from price-tracking platform CoinMarketCap (CMC), STX, its native token, has been the biggest gainer among the top 100 assets by market capitalization in the past 24 hours. With a 9.21% surge , STX has outperformed bitcoin (BTC) over seven times within this timeframe.  This price gain persists despite a noticeable drop from the local top observed in March. You might also like: FTX incurs over $120m in advisor fees as bankruptcy costs mount The asset’s impressive price gains have come up when most crypto assets face declines. Notably, up to fi...

The strength in the S&P 500 and weakness in the U.S. Dollar Index could limit the short-term downside in Bitcoin and select altcoins. The S&P 500 Index (SPX) has gained for five consecutive weeks, the first such instance since November 2021. In comparison, Bitcoin (BTC) is trading well below its local high of $31,000, made on April 14. This shows a clear divergence between the performance of the two asset classes. Some analysts expect Bitcoin’s range-bound action to continue for some more time. Cryptocurrency traders will be looking for some positive triggers that could push the price above the range. One such rumor floating in the markets is that after BlackRock filed for a Bitcoin spot exchange-traded fund, Fidelity Investments may also follow suit. If that happens, it will be a positive sign for the markets. Daily cryptocurrency market performance. Source: Coin360 Another positive for the cryptocurrency markets has been that the U.S. Dollar Index (DXY) softened in the past...

The vulnerability dubbed “HamsterWheel” traps nodes in an endless loop similar to hamsters jogging on a wheel. Blockchain security firm CertiK has received a bounty of $500,000 from the Sui network after flagging a threat that had the potential to disrupt Sui's entire layer-1 blockchain. In an announcement sent to Cointelegraph, the CertiK team highlighted that the vulnerability dubbed "HamsterWheel" was different from traditional attacks which focus on shutting down blockchain s by crashing nodes. This attack traps nodes, letting them perform operations without processing new transactions, similar to hamsters jogging on a wheel. The attack has the capability to cripple networks and make them unable to operate. The security firm discovered the vulnerability and reported it to Sui ahead of its mainnet launch. Responding to the security threat, the Sui network implemented fixes to prevent the potential damages that an attack could inflict on the blockchain. To appreciate ...

Root Network is looking to foster the XRP ledger-EVM interoperability issue while also rewarding validators and stakers with XRP. According to reports, Root Network, a cross-chain platform, will soon offer XRP rewards to its validators and stakers . XRP is the native token of the XRP Ledger. Community supporter Dip Collector made this claim in response to a discussion regarding the possibility of XRP Ledger side chains. The #RootNetwork is a very advanced blockchain based on #substrate that is #EVM compatible, uses XRP as the gas token, with #Root as the native token which will mainly be used as staking token to secure the network and for governance. Staking rewards will be paid out in #XRP. One… — Dip_Collector (@dip_collector) June 17, 2023 The Root Network aims to resolve interoperability issues between the XRP Ledger and the Ethereum Virtual Machine (EVM) ecosystem. The network, built on Polkadot’s Substrate technology, intends to promote improved tokenomics a...

Tech entrepreneur and crypto figure, Jeffrey Huang, popularly known as Machi Big Brother, has sued on -chain investigator, ZachXBT, alleging that he posted and deliberately disseminated an article that painted him as a thief engaged in market manipulation and embezzlement.  The controversial NFT trader alleges that after asking ZachXBT to remove the article and related tweet, the on-chain investigator resisted, prompting Huang to file a lawsuit. A year ago, @zachxbt published a Medium article about me that damaged my reputation. Today, I have filed a defamation lawsuit against him in the United States District Court for the Western District of Texas. — Machi Big Brother (@machibigbrother) June 16, 2023 ZachXBT accuses Machi Big Brother of embezzlement ZachXBT published the article in question a year ago, on June 16, 2022. In it, he alleged that Huang, a Taiwanese-American entrepreneur and former musician, embezzled 22,000 ETH, valued at about $37 million, from Formosa Fin...

Terraform and Do Kwon lawyers used a U.S. House hearing, Binance.US complaint and Hinman emails documents to dismiss the SEC lawsuit. The lawyers representing the United States Securities and Exchange Commission (SEC) have contended that the additional documents submitted by Dentons, the legal counsel for Terraform and Do Kwon, in support of their motion to dismiss the lawsuit , lack adequate support for dismiss ing the case. The SEC’s counsel asserts that the Binance.US transcript and internal SEC emails, presented by the defense, hold no relevance to the current case. They argue that the Howey Test clearly defines the parameters of an "investment contract" and contend that UST should be classified as a security. In a court hearing on June 15, Dentons submitted supplementary documents to bolster their motion to dismiss the lawsuit filed by the U.S. SEC. The focus of the hearing was to determine if the digital assets developed by Terraform Labs should be classified as secu...

The Fahrenheit consortium, made up of venture capital firm Arrington Capital and miner US Bitcoin Corp, has emerged victorious in the bid to acquire the assets of crypto lender Celsius. The court filings early on Thursday confirmed Fahrenheit’s win, beating rival bidder NovaWulf and securing the assets previously valued at around $2 billion. This proposed treatment violates every consumer lending law out there.” – David Adler Under the Plan, the Debtors have elected to treat the Retail Borrow Claims through the Set Off Treatment. See pics below. Although the Debtors are demanding repayment of the loans (ie demanding performance by the Borrowers), the Debtors have no intention whatsoever of… pic.twitter.com/MD5rGWnsU3 — David Adler (@DavidJAdler1991) June 15, 2023 Celsius filed for bankruptcy in July after liquidity issues amid a bank run following plummeting crypto prices. The lender’s failure served as a precursor to challenges other prominent ...

Shiba Inu fell nearly 25% during the weekend going from a high of $0.000008 to a low of $0.000005. SHIB managed to crawl towards $0.000006 and is now trading sideways for four days straight. Its price has barely moved the needle forward and is testing the patience of its investors. Also Read: The 1 Cent Dream: Shiba Inu To Reach $0.01? See What Google Bard Says Source: Coingecko The dog-themed token was lackluster in the indices in Q2 of 2023 delivering only losses to its holders. Recent data published by IntoTheBlock shows that 91% of Shiba Inu holders are currently underwater. Only 7% of holders are in profit while 2% of them are breaking even. Will SHIB cause investors’ portfolios to bleed further or will it rally in the coming days? In this article, we will highlight what could Shiba Inu’s price be by the end of June 2023. A lso Read: Shiba Inu: You Can Become a SHIB Millionaire With Only $8.5 Shiba Inu: Price Prediction For Mid-June 2023 Source: newtraderu.com On-chain metrics and...

Join Our Telegram channel to stay up to date on breaking news coverage Bittrex Inc., a once-renowned cryptocurrency exchange in the United States, has announced that it will allow users to withdraw their funds starting Thursday, June 15. This latest development follows a ruling by a Delaware bankruptcy court, which has likely played a significant role in enabling Bittrex to resume withdrawals for its users. Bankrupt Crypto Exchange Bittrex U.S. Set to Allow Withdrawals Starting Thursday The move follows a Tuesday ruling from a Delaware court. Source: CoinDesk pic.twitter.com/kxWCpxCb4q — Wen3 🚀 (@Wen3_AI) June 14, 2023 Bankrupt exchange, accused by the U.S. SEC for running an unregistered securities platform, got approval in a May ruling by Judge Brendan Shannon to allow customers to withdraw cryptocurrency and fiat currency assets. This ruling, however, didn’t establish the legal ownership of these assets or prioritize between customer claims and gove...

Last week, the US Court of Appeals for the Third Circuit ordered the US Securities and Exchange Commission (SEC) to respond to Coinbase’s request for clarifying the rulemaking .  According to documents shared by the exchange’s chief legal officer (CLO) Paul Grewal, the regulator has denied to “commit to any deadline despite the Court’s explicit order.” The SEC says in the letter that Coinbase’s petition might receive a recommendation within 120 days. Moreover, the SEC set the deadline to update the court on Oct. 11, 2023, according to Grewal’s tweet. In addition, the regulator asked the court to “take no action” before the time limit is reached. 4/5 pic.twitter.com/7obUPvATqK — paulgrewal.eth (@iampaulgrewal) June 13, 2023 Grewal added that the SEC disregards “the clear statements of the Chair that confirm they have no intent to issue new rules.” You might also like: Ava Labs CEO to testify before US House “Coinbase’s request for periodic reports is s...