Arbitrum (ARB), a prominent Ethereum scaling solution, encountered a significant downtime event on December 15, according to the network’s status page. The incident prompted an immediate investigation into the root cause and the deployment of a fix. As of the time of writing, the Arbitrum One network remained inaccessible for over 60 minutes due to…
Arbitrum (ARB)’s gains have been tempered by various challenges, hindering its further upswing. The declining inflows of stablecoins on the Arbitrum network have raised concerns among investors and enthusiasts alike, as it signals potential obstacles for the growth and development of the decentralized finance (DeFi) sector. As a Layer-2 scaling solution for Ethereum, Arbitrum initially…
Crypto analyst Crypto Patel has predicted that the Ethereum layer-2 Arbitrum could record a 7,400%, providing a bullish outlook for the altcoin. He also revealed key levels for investors to keep an eye out for as the position for this potential rally. Arbitrum Eyes 7,400% Run With Price Down 96% From ATH In an X…
The Arbitrum (ARB) network is a Layer 2 scaling solution for Ethereum that aims to address the scalability and high transaction fees. It is developed by Offchain Labs and utilizes a technology called Optimistic Rollups to achieve its objectives. Optimistic Rollups work by processing most transactions off-chain and then periodically submitting a summary of those…
On Saturday, March 16, the Layer 2 protocol Arbitrum (ARB) unlocked 1.1 billion ARB tokens as part of its 2024 roadmap. This event led to a significant decline in the native token’s value, with losses of up to 18% reported over the past week. In the past 24 hours, more whales have been sending ARB…
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His…
Arbitrum (ARB), a prominent governance token in the decentralized finance (DeFi) ecosystem, recently witnessed a decent surge in price following renewed buying activity from a well-known DeFi whale address. Large-scale investors often influence market sentiment and can significantly impact the price of a given asset. However, as the rally unfolds, questions arise about the sustainability…
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His…
The Arbitrum Foundation has just concluded its distribution of the ARB airdrop to decentralized autonomous organizations (DAOs) and it has triggered some positive expectations among the community. DAOs Receive 90 Million ARB Following the 1 billion ARB distribution that went to the community, the Arbitrum Foundation has executed the second stage of its airdrop. On…
Arbitrum, the cryptocurrency network designed as a scalability solution for the Ethereum blockchain, has recently experienced a notable price correction, resulting in a drop in its native token, ARB. Over the past 24 hours, the token’s value dipped to $1.84, marking a retracement of 5%. As February draws to a close, attention is now turning…