Category: Crypto News

Arbitrum Foundation sold 10M ARB tokens to cover operating costs

Arbitrum Foundation has made it clear that the 10M ARM tokens that they sold recently were done to fund pre existing contracts and cover near-term operating costs. One such cost was to cover $3.5M setup costs. Since the DAO organization was established and intended to involve users, the traditional thinking of small team decision-making in companies should be changed. After all, web3 projects come from users and grow with the support of users. 

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Sushiswap DEX served with SEC subpoena

Sushiswap DEX is in deep trouble as their head developer has been served with SEC subpoena. This has called for a legal defense fund that will provide coverage for attorney fees. Amount if you may ask? $3M which will be sent for Kanpai fees, grants and sushi TWAP market sells. 

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Platypus DeFi exploited for over 8.5 million dollars

Platypus DeFi that claims to redefine stableswaps and reinventing stablecoins was recently hacked for whopping 8.5 million dollars in total. The developers have confirmed this hack on their official twitter account and have already informed various cryptocurrency exchanges to freeze the funds of the hacker. USDT held by the hacker has already been frozen. 

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Robinhood token RBH pumped more than 2000-percent

It’s often when we see websites and twitter accounts getting hacked. Earlier today, someone hacked Robinhood’s twitter account and announced RBH token. The tweet said “reminder, we are launching our new token RBH in the Binance Smart Chain. Will be live at 12AM EST and you can be amount the first to buy at starting price of $0.0005.” As you can already make out, there are many grammar mistakes which are not common on Robinhood’s twitter account. 

Robinhood token RBH
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Guide: Understanding the Difference Between Crypto and NFT

Over the past couple of years, we have been able to read a lot about both NFTs and Crypto currencies. They have become very popular with many people wanting to get involved in these types of investments. However, they do share a lot of similarities which, therefore, can make it difficult to tell them apart. But even with many similarities they are completely different entities, and you can read more about how they are different in this article.

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