Keep up with what's happening in the crypto world in real-time.
All Filters (1)
Users of Arbitrum [ARB], the native token of the burgeoning layer 2 scaling solution, have been caught between distress and glee since the protocol's reward distribution. While many have praised the protocol's efficiency and speed, concerns have been raised about actual participation with the token.
After suffering from a weekend filled with uncertainty, Arbitrum (ARB) now appears to be in for a rebound despite rumors about its whale and supply still circulating. Over the past 24 hours, Arbitrum native token ARB has surged by nearly 10%.
Arbitrum backtracked on a key proposal. The result could be seen as a win for the promise of DAOs, but he ordeal raised a number of thorny issues.
On a Sunday, questions about Arbitrum's governance are being raised after its centralized, self-titled foundation sold ARB tokens before the conclusion of a major governance vote, therefore rendering the democratic process useless.
On-chain data and technical analysis shows strength in ARB price, even after a weekend filled with rumors and sell-offs.
The messy governance dispute involving a major Ethereum scaling system shows “communities” of token holders have power. But how should that power be distributed?
Prominent crypto trader and founder of venture capital firm Mechanism Cap, Andrew Kang, has not stayed away from active discussion in the crypto community on the topic of a possible altcoin season and gave his views on the matter.
Arbitrum made headlines with the launch and airdrop of its native utility token, ARB, last month. Since then, ARB has been on a downward spiral, with its price plunging by 90% from the $11.8 mark on March 23.
It was recently reported that two massive whales purchased a significant quantity of ARB.
Decentralization and governance go hand in hand. Since Bitcoin's inception, crypto maximalists have embraced core components of decentralization, and while ‘governance' isn't called out specifically in the Bitcoin whitepaper, it's considered one of the largest elements of decentralized environments throughout the crypto ecosystem.
Pedro Herrera says with failures in the banking system and centralized exchanges facing regulatory scrutiny, there is a renewed interest in decentralized finance.
The Arbitrum Foundation has already sent itself 750 million ARB even though the DAO vote hasn't ended yet.
Arbitrum is dealing with a governance crisis.
During the course of the weekend, members of the Arbitrum cryptocurrency community were subjected to panic calls and widespread FUD about the recently launched ARB token. This came about as holders of Arbitrum speculated that the Arbitrum Foundation had recently sold a significant amount of the coins, thus largely affecting ARB's price.
Arbitrum, a layer 2 blockchain that airdropped over 1 billion ARBK tokens to its community in March, has been the subject of negative news over the weekend. The Arbitrum Foundation came under fire for spending tokens without the approval of its holders, sparking Fear, Uncertainty, and Doubt (FUD) for the asset.
According to reports, the Arbitrum Foundation had started selling ARB tokens for stablecoins before the governance voting had approved the sale. Ratification Or Request?
Following a noisy uprising by holders of its ARB token, the Arbitrum Foundation said late Sunday that it will split a contentious governance package into a number of separate votes in response to community demand. The Community Lead, identified in Discord as Eli Defi, said, “AIP-1 is too lengthy and covers too many areas.
The project's DAO will rework a contentious proposal to send 750 million ARB tokens to the Arbitrum Foundation after community backlash.On-chain data showed that the foundation sold 10M ARB tokens to supposedly fund pre-existing contracts and to pay for near-term operating costs.The sale sparked outrage as the Arbitrum community had not voted in favor of the AIP-1 proposal when the foundation sold tokens. Ethereum L2 scaling protocol Arbitrum plans to redraft a governance proposal meant to allocate $1 billion in ARB tokens to a foundation after the project's community voiced concerns regarding decentralization over the weekend.
Arbitrum, a popular scaling solution for Ethereum, experienced a major setback when two large addresses sold 3.73 million ARB tokens, resulting in a significant loss of over $400,000. The dump came at a time when the Arbitrum Foundation's token allocation process had already generated a maelstrom of controversy, and the market was bracing for the worst.
Ethereum Layer 2 governance platform Arbitrum Foundation has spoken out following the community FUD from its controversial ARB sale.
A recent report reveals that two top Arbitrum (ARB) whales incurred a whopping loss above $400,000 from a recent token sale.
Arbitrum ARB token falls 5% as community criticizes Arbitrum DAO's first governance proposal.
Arbitrum, in a recent announcement, revealed it was retracting from its proposing vote for governance. This came after the vote received much criticism from the community.
Leaving aside what happened on launch day, the initial price good enough to be taken as a reference would seem to be $1.4, which is the price it had stabilized on after the very strong initial rise and fall due to a lack of supply.
