Crypto News
Arbitrum Awards Biggest-Ever Foundation Grant to Lotte, the South Korean Megacorp
Arbitrum, the largest layer-2 network on top of Ethereum, has awarded its biggest-ever developer grant to Lotte Group, the multibillion-dollar South Korean conglomerate known for its vast portfolio of shopping malls, media companies and entertainment properties. According to Offchain Labs, the developer behind Arbitrum, the grant cements Arbitrum as the main blockchain infrastructure provider for Caliverse, Lotte's metaverse gaming platform.Offchain Labs shared the news at CES 2025, the technology tradeshow happening this week in Las Vegas, Nevada. A representative for the company declined to disclose the exact size of the grant "at this stage." It was technically awarded by the non-profit Arbitrum Foundation, which periodically doles out grants in $ARB tokens to help spur development in the Arbitrum ecosystem."Lotte is...
Here Are Today’s ‘Zoo’ Telegram Game Daily Riddle and Rebus Solutions
Stack up free animal feed to boost your Zoo game airdrop. Here are the daily riddle and rebus answers for Tuesday, January 7.Source link
So-Called ‘Debanker-in-Chief’ Michael Barr Resigns Ahead of Trump’s Inauguration
Barr has served as the Fed’s vice chair for supervision since July 2022 and was widely regarded as one of the chief architects of Operation Choke Point 2.0, an alleged government effort to undermine the crypto industry. Fed Board Member Michael Barr Steps Down From Supervision Role Michael Barr, Federal Reserve Board governor and viceSource link
Tiktok Crypto Videos: 68% Contain Misleading Information, Report Warns
A recent analysis of over 1,000 Tiktok videos on cryptocurrency found that 68% of crypto advice on the platform is misleading. Misleading Crypto Videos Lack Disclaimers More than two-thirds (68%) of crypto advice on the social media platform Tiktok is misleading, so crypto enthusiasts should approach such content with caution. An analysis of over 1,000Source link
AI Tokens Fail to Mirror 2024’s Epic Surge Despite Bullish Nvidia Conference
Artificial intelligence (AI) crypto tokens are failing to live up to their lofty 2024 goals despite Nvidia's (NVDA) recent conference sparking bullish sentiment among AI stocks in the traditional markets.Last March, the NEAR token doubled in the lead-up to Nividia's annual conference, gains that were mirrored across the wider crypto AI market. Fetch.AI (FET), the graph (GRT) and singularityNET (AGIX) all posted significant rallies to the upside in unison with the conference.This year, however, AI tokens have shown their fragility. NEAR is down by more than 8% in the past 24 hours while FET slumped nearly 9%. NVDA in contrast began the year trading at $133 and rose by 15% to $153 on Monday as the conference began.There are several...