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Latest News

Keep up with what's happening in the crypto world in real-time.

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cover-imageThe Currency Analytics
March 11, 2024

Legal Storm Surrounds Tornado Cash Developers as Arbitrum DAO Abandons Funding Proposal

In an unexpected twist, Arbitrum DAO has decided to backtrack on its recent proposal to allocate up to $1.2 million to Tornado Cash developers, Roman Storm and Alexey Pertsev, embroiled in legal battles. The Block confirmed the withdrawal, shedding light on the challenges faced by developers creating crypto-mixing services amid mounting regulatory pressure.

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cover-imageCoingape
March 11, 2024

Arbitrum DAO Pulls Back $1.2 Million Help to Tornado Cash Citing Legal Concerns

The author of an ArbitrumDAO proposal, aiming to contribute up to $1.28 million in cryptocurrency towards supporting Tornado Cash developers Roman Storm and Alexey Pertsev's legal defense against criminal charges, has retracted the proposal. As per the latest reports, token holders raised concerns regarding potential legal risks associated with such a donation, prompting the deletion

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cover-imageCrypto Mufasa
March 11, 2024

Arbitrum DAO Withdraws Proposal Supporting Tornado Cash Developers

The Arbitrum community was surprised by the sudden removal of a proposal seeking financial backing for the legal defence of Tornado Cash developers. The initiative, spearheaded by a delegate known as DK, aimed to allocate approximately $1.3 million worth of ARB tokens from the community wallet to support Storm and Pertsev's legal battle.

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cover-imageBeInCrypto
March 10, 2024

Arbitrum Slips Amidst Major Upgrade and Token Unlocks

Arbitrum, a prominent Layer-2 network built on Ethereum, experienced a decline in its native cryptocurrency ARB compared to other leading Layer-2 assets in the past day. This dip comes amid anticipation surrounding two significant events expected to influence its price.

Negative
cover-imageThe Currency Analytics
March 9, 2024

Arbitrum's $2 Billion Token Release: A Pivotal Moment for ARB Investors – Price Dump on the Horizon?

The crypto sphere is gearing up for a seismic event as Arbitrum, Ethereum's layer 2 scaling protocol, prepares for a significant token release on March 16, 2024. With over $2 billion worth of ARB tokens set to unlock, constituting a substantial 87% of the circulating supply, the crypto community is abuzz with speculation about potential market dynamics and the looming specter of a price dump.

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