Crypto news

Arbitrum has already been leading the pack in the layer 2 roll-up. However, the daily transactions on the protocol hit 1.14 million on February 21st, surpassing Ethereum mainnet, which recorded 1.05 million. According to the on-chain data on Dune Analytics, this is a new record high for the scaling solution. Since the beginning of the year, daily transactions on the blockchain have been on an uptrend surging by over 273% in less than two months. In comparison, the same metric...

Bitcoin has been incurring some price spikes over the past few weeks that have caused crypto to jump back onto the financial map like it never did in 2022. However, the space has been delivered a blow now that the Federal Reserve has denied the application of crypto bank Custodia to be a member of the official Fed system. The Fed and Custodia Are Again Duking It Out The agency warned that the organization suffers from “safety and soundness risks” and thus is not in good...

Ethereum’s price is struggling to break above a key resistance level following a substantial rally over the last couple of months. However, there are multiple support levels that could hold the price in case of a reversal. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price has failed to break above the $1800 level and the higher boundary of the large symmetrical triangle pattern. The cryptocurrency appears to be facing rejection to the downside at...

Ripple’s price has been consolidating in a tight range against the USD. However, against BTC, it has yet to manifest a significant move. Technical Analysis By: Edris XRP/USDT Daily Chart The price failed to break above the $0.43 resistance level and has been trapped in a tight range between the 50-day and 200-day moving average lines, located around the $0.38 and $0.4 levels, respectively. A breakout to the upside would likely lead to another test of the $0.43 level, with the...

[PRESS RELEASE – Please Read Disclaimer] YAY Network will aim to build on its prior work as a tier 1 launchpad with a focus on scaling and enhancing web3 projects through the introduction of multiple new B2B services. The web3 startup YAY Games has rebranded itself as YAY Network and has announced the completion of the process, and the launch of its new domain, yay.network. After a few months of restructuring their vision and team, the company has finalized its new business...

Blockchain analysis firm Chainalysis says in a new report that crypto crime fighting has been effective to some degree. While the amount of crime hasn’t necessarily fallen in recent years, the fight against it has limited criminals to certain platforms when cashing out, transferring their stolen funds into fiat, or engaging in illicit transactions. New Chainalysis Report Says Criminals Don’t Have That Many Enterprises In its report, Chainalysis says most criminals are...

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