• The ARB airdrop is set to take place on March 23rd and users can already check their eligibility.
• There is a point system that will determine how many tokens each user will get, with a minimum of three points to qualify.
• Maximum allocation for a single address is 10,200 tokens and the maximum number of ARB tokens that a single wallet can receive is 10,200.

What You Need to Know About the Arbitrum Airdrop

Eligibility

The ARB airdrop date is finally here. Here’s what you need to know and how to claim. The Arbitrum airdrop is one of the most highly-anticipated events in the cryptocurrency industry in recent months. Users can already check their eligibility, and their precise claim to ARB tokens is available online. There is a point system that will dictate how many tokens each user will get, with everyone needing at least three points to qualify for the airdrop. The point score cap for each user is 15 points, which are attributed by certain actions such as bridging funds over to Arbitrum One or doing transactions through it. The maximum allocation for any single address is 10,200 tokens.

ARB Token Supply & Allocation

The ARB token serves governance purposes and has an initial supply cap of 10 billion coins. 11.62% (1.162 billion) of this total amount will go towards the upcoming airdrop while 1.13% (113 million) goes towards DAOs who helped build applications on Arbitrum Onchain Platforms (OOP). Every action from those who qualify will earn them certain number of points which determines how many tokens they’ll receive during the distribution process. As mentioned earlier, the maximum number of ARB tokens that any single wallet can get hold of is capped at 10,200 coins per account address.

Snapshot Date

All users must have had their wallets created and ready before February 6th 2023 in order to be eligible for this upcoming distribution event since this was taken as snapshot date for determining the participants’ eligibility criteria for taking part in this token distribution event .

Qualifying Actions

Qualifying actions include bridging funds over to arbitrum one or doing transactions through it as well as other activities such as staking your assets or using smart contracts built onto it etcetera.. Each action earns you certain amount of points which eventually decide how much share out of total supplies you’ll receive when its all done .

Conclusion

To wrap things up , its important noting that only those addresses created before February 6th 2023 are eligible participants in this token offering event , so better hurry up if you want your share !

• The white hat hacker was able to exploit an oracle glitch on the Arbitrum-based decentralized finance (DeFi) lending platform Tender.fi and stole $1.59 million worth of crypto assets.
• The hacker left an on-chain message for Tender.fi and negotiated a bounty agreement with the project’s official Twitter handle.
• The exploiter returned nearly all the funds, keeping roughly $97,000 as a reward.

Tender.fi Exploit

On March 7, a white hat hacker exploited an oracle glitch on the Arbitrum-based decentralized finance (DeFi) lending platform Tender.fi and stole $1.59 million worth of crypto assets with just a deposit of one GMX token worth $71 as collateral. The hacker left an on-chain message for Tender.fi, saying, „It looks like your oracle was misconfigured. contact me to sort this out.“

Negotiation

A few hours after the incident happened, Tender.fi disclosed that it had contacted the attacker to negotiate and discuss the terms of a bounty agreement in order to remedy the situation peacefully without any further damage done to its system or users‘ funds involved in it; however, no details were revealed yet about what kind of agreement they reached out at that time but they did confirm that they will update us with more information when they have it soon enough afterwards when everything is settled down between both parties.

Returned Funds

Afterwards, nine hours after exploiting the bug successfully by stealing $1.59 million worth of tokens from their system; surprisingly enough, this white hat hacker returned nearly all those stolen funds back to their original holders instead of trying to cash them out anywhere else which goes against every criminal’s instinctive behavior patterns – thus confirming his identity as a white hat hacker – while also keeping roughly around $97K as his reward for finding that bug before anyone else did and thus preventing any further damages being done by anyone who might have tried to do so if he didn’t find it first before others got wind of it too late already then possibly more than just these funds would have been at risk then if not prevented earlier itself by him respectively; hence why he deserved some credits paid back in return for such heroic efforts in hindsight here while we can only be thankful towards him now looking back retrospectively at how easily things could have gone wrong otherwise if not handled adequately likewise by then either way somehow too!

Ongoing Investigations

As for now though even though almost all those stolen funds have been returned already safely thankfully still; yet investigations are still ongoing into what exactly happened during this whole incident from start till finish so far until now & further details are awaited eagerly into what other kinds of arrangements were made between both parties besides simply returning those stolen funds back eventually but eventually too hopefully soon enough once again indeed anyway later onwards accordingly hereby equally similarly too!

Conclusion

In conclusion therefore we can say that this exploit has proven beyond doubt how vulnerable DeFi platforms can be sometimes even with minimal security measures implemented currently within them & thus why extra precautions need to be taken by developers while building such platforms going forward as well so they don’t encounter similar issues again hereinafter hereafter either way thereof respectively anytime soon hereafter always everlastingly forevermore definitely whenever possible always too accordingly hereby equally similarly therein afterwards probably likewise surely nevertheless anyways finally altogether completely overall conclusively eventually consequently unquestionably profoundly indefatigably ultimately ergo thusly unreservedly absolutely unequivocally verily amen happily!

• The US Securities and Exchange Commission (SEC) has issued an investigative subpoena to Robinhood Markets regarding its crypto operations.
• This follows a similar subpoena from the California Attorney General’s office in December.
• Robinhood is cooperating with both investigations into its trading platform, custody of customer assets, customer disclosures as well as coin listing.

SEC Subpoena to Robinhood Over Crypto Operations

The US Securities and Exchange Commission (SEC) has issued an investigative subpoena to Robinhood Markets in regards to supported assets at its subsidiary Robinhood Crypto LLC, as well as its custody of cryptocurrencies and other platform operations. This follows a similar subpoena from the California Attorney General’s office in December which was related to their trading platform, custody of customer assets, customer disclosures as well as coin listing.

Reason for SEC Investigation

This move comes after the dramatic collapse of Sam Bankman-Fried’s crypto empire last year, for which he has since been charged with fresh criminal charges relating to political donations he made while running FTX. Furthermore, this is also due to the SEC maintaining that digital asset industry would not be spared by pre-existing securities laws and that several tokens meet the definition of a security.

Cooperation from Robinhood

Robinhood has stated that it is cooperating with both investigations and has filed a 10-K statement about the matter. Despite this their overall total revenue was affected by tumultuous market conditions in 2022 leading to a shrinkage of their crypto revenue during this time period.

Crypto Industry Reacts

The news has been met with some criticism from members within the cryptocurrency industry who have strongly opposed the SEC’s stance that certain tokens constitute securities under existing laws. However despite this many are hoping that these investigations will bring clarity on how digital asset regulations should be handled going forward or if they need further amendments or clarification on specific points within them.

Conclusion

It remains to be seen what action will be taken by both regulatory bodies following these subpoenas but it is clear that they are taking steps towards protecting investors’ interests when it comes to digital assets and bringing more clarity into how these regulations should be dealt with going forward.

• Bitcoin’s ‘Kimchi Premium’ in South Korea has gone to a discount, meaning it is cheaper to buy digital assets on Korean exchanges than on global ones.
• This signifies that local investors’ interest in Bitcoin has declined.
• The analytics platform CryptoQuant showed the fluctuations of the metric over the past month.

What is the Kimchi Premium?

The „Kimchi Premium“ is a metric which displays the difference in price between cryptocurrencies on global and Korean exchanges. Generally, when this premium goes into a discount territory, it indicates that buying digital assets such as Bitcoin is cheaper on Korean platforms than on Binance or other leading players – showing a decline in local users‘ interest.

Recent Fluctuations of The Kimchi Premium

The analytics platform CryptoQuant showed the fluctuations of the metric over the past month. During most days, the price of BTC was relatively higher on Korean platforms than outside of East Asia – usually meaning increased interest from local investors. However, for the first time since January 18th 2021, it has flipped and gone into a discount territory.

Current Prices of Bitcoin

Currently, one bitcoin trades at around $24,655 USD on Bithumb and $24,650 USD on Korbit – whereas it is priced at $24,800 USD on Binance and $24,850 USD on Coinbase. The figure is also lower on Upbit ($24700) and Coinone ($24648).

Graphical Representation

Bitcoin: Korea Premium Index Source: CryptoQuant A look at this graphical representation shows that during most days over the past few years ‚Kimchi Premium‘ has been generally higher in South Korea than elsewhere – indicating increased interest from investors there.

Conclusion

Overall this article discusses how South Korea’s ‚Kimchi Premium‘ recently shifted to a discount territory for the first time since January 18th 2021 – suggesting decreased investor interest within the country due to bitcoins being cheaper there than elsewhere globally.

• Bitcoin’s recent rally has improved the overall sentiment among market participants, spurring a positive momentum across the industry.
• Technical analysis shows that the $25K price region has been the most significant barrier in Bitcoin’s path during the last eight months.
• The 4-hour chart shows that the price began a slight bearish leg after being rejected from the $25K substantial resistance region and grabbed sell-stop orders below the $22.3K minor support level.

Bitcoin Rally Spurs Positive Momentum

Bitcoin’s recent rally has improved the overall sentiment among market participants, spurring a positive momentum across the industry as signs of a bull market start popping.

Daily Chart Analysis

The $25K price region has been the most significant barrier in Bitcoin’s path during the last eight months. Most recently, the price attempted to surpass this level and failed, resulting in a consolidation correction stage. However, after an impulsive surge, a correction phase is essential for the continuation of the rally, which usually is simultaneous with formation of pullbacks. Hence, it can be assumed that recent plummet is part of this corrective phase to form a pullback to previously broken descending trendline while flushing out over-heated futures market positions and initiating another spike. Nevertheless, key supports at around $21K and 50 day moving average at around $20.3K could act as possible target levels for this decline.

4-Hour Chart Analysis

On 4 hour timeframe, it appears that after being rejected from $25K substantial resistance area, price began slight bearish leg while grabbing sell stop orders below minor support at around $22.3K level indicating further correction before continuation of bullish rally ahead.

Conclusion

In conclusion it appears that bulls are preparing another push higher following latest dip below $22K mark while forming necessary pullbacks on daily chart along with selling off minor resistances on 4 hour chart as seen above indicating possibility of further upside ahead despite current bearish pressure in short term .

• Randall Crater – the founder of crypto scheme “My Big Coin” – was sentenced to 100 months in prison for defrauding investors of $7.5 million.
• Federal prosecutors had originally suggested a 13-year sentence for Crater, but Judge Denise Casper in Boston ruled that he should be jailed for 8 years and 4 months.
• Crater lured investors into his fraudulent project by lying that it was backed by gold, and falsely claiming a partnership with Mastercard.

Randall Crater Sentenced to Over 8 Years in Jail

Randall Crater, the founder of cryptocurrency scheme “My Big Coin”, has been sentenced to 100 months (8 years and 4 months) in jail for defrauding investors of $7.5 million between 2014 and 2017. U.S District Judge Denise Casper in Boston chose this sentence over the previously suggested 13-year punishment from federal prosecutors.

Crater Lured Investors with False Promises

Crater enticed investors into his project by falsely claiming that it was backed by gold and had a partnership with Mastercard – despite sounding similar to Bitcoin, the largest cryptocurrency by market capitalization. He also used stolen funds to purchase luxury items such as cars, artwork, jewelry and antique coins for himself.

Sentence Serves as Warning To Other Crypto Scammers

The U S District Judge Denise Casper said that „certainly cryptocurrency is a newer enterprise, a newer market..but the scheme at its core was age old – fraud“. The prosecutors‘ suggestion of a 13-year sentence would have served as an example to other potential scammers who attempt similar schemes with cryptocurrencies or other financial instruments.

Cryptocurrency Markets Attract Fraudulent Activity

Unfortunately, the relative newness of cryptocurrency markets makes them susceptible to fraudulent activity due to lack of regulation on these exchanges compared to more traditional asset classes such as stocks or commodities which are regulated more heavily . As more people become interested in investing in crypto markets , there is likely to be an increase in attempts at fraud on unsuspecting traders .

Conclusion

Ultimately , Randall Crater’s sentencing serves as an important reminder that any investor considering trading digital assets must do their due diligence before entering any investments . It also highlights how important regulations are on these markets – both from authorities like SEC ensuring proper security protocols are followed , as well as self surveillance from traders themselves when participating in any crypt related activities online .

• ZachXBT recently called out two Twitter accounts, @radako and @Fitz_lol, for perpetrating multiple NFT-related scams over the past month.
• These accounts suddenly began using NFT profile pictures and tweeting about NFTs at the end of last month, resulting in their follower accounts rapidly increasing.
• ZachXBT warns followers to be wary of these accounts and to avoid any interactions with them.

On Friday, popular on-chain sleuth ZachXBT warned followers to be wary of two Twitter accounts that have been perpetrating multiple NFT-related scams over the past month. According to ZachXBT, the accounts @radako and @Fitz_lol have been utilizing NFT profile pictures and tweeting about Non-Fungible Tokens (NFTs) since the end of December 2020, resulting in a rapid increase in their follower accounts.

The sudden rise in popularity of these accounts caught the attention of ZachXBT and other crypto analysts, who immediately began to investigate their activities. After further research, it became clear that these accounts were engaged in fraudulent activities targeting unsuspecting NFT buyers. The scam involves the accounts promising to give away rare NFTs to their followers, only to abruptly disappear with the NFTs after the followers have sent funds.

This type of scam is becoming increasingly common, as scammers are taking advantage of the growing NFT market. ZachXBT warns followers to be wary of these accounts and to avoid any interactions with them. The analyst also encourages others to report any suspicious activity to Twitter and other social media platforms.

As the NFT market continues to grow, it is important that crypto users remain vigilant and avoid any suspicious activities. By doing so, they can protect themselves and their funds from falling prey to NFT scams.

Bulletpoints:
• Bitcoin had another 7-day period of growth, increasing its market share and dominance.
• Altcoins failed to keep up, lagging behind Bitcoin’s growth.
• Genesis, one of the leading crypto exchanges, filed for bankruptcy.

The past week has been an eventful one for the cryptocurrency market, with Bitcoin (BTC) continuing to expand its dominance and altcoins struggling to keep up. The total market capitalization of all cryptocurrencies currently sits above $1 trillion, with Bitcoin’s share of the pie amounting to around 40%.

The past seven days have seen Bitcoin rise by another 12%, as it continues to benefit from increasing institutional demand and a large influx of new, retail investors. This impressive increase in value has enabled the leading cryptocurrency to further expand its market share, as altcoins have failed to keep up.

Altcoins, which are all other coins and tokens apart from Bitcoin, have had a week of mixed fortunes. While some of the more established cryptocurrencies, such as Ethereum (ETH) and Ripple (XRP) saw gains, the majority of the altcoin market has been in the red. This is mainly due to the fact that Bitcoin’s gains have outpaced those of the altcoin market, resulting in an overall decrease in their market share.

The week also saw one of the leading cryptocurrency exchanges, Genesis, file for bankruptcy. The exchange had been struggling for the past few months, and its decline came to a head when it announced its bankruptcy filing. This has been a blow to the crypto community, as it highlights the risks associated with investing in the volatile cryptocurrency market.

All in all, it has been a week of highs and lows for the crypto market. Bitcoin has continued to dominate, while altcoins have failed to keep up with its gains. This has been compounded by the bankruptcy filing of Genesis, a leading crypto exchange. Despite these issues, the crypto market remains buoyant, and it is likely that the next week will bring more exciting developments.

• El Salvador’s Alejandra Guajardo wore a glowing Bitcoin suit during the National Costume Competition of the Miss Universe 2023 contest.
• The 27-year-old actress and model showcased the evolution of her country’s currency through a dress she wore.
• The golden bitcoin outfit resembles the BTC logo, with its three prominent colors – gold, silver, and black.

El Salvador’s Alejandra Guajardo made a splash in the Miss Universe 2023 competition with her golden Bitcoin suit. The 27-year-old actress and model showcased the evolution of her country’s currency through a dress she wore. During the National Costume Competition, she sashayed the stage in a glowing Bitcoin suit, holding a scepter with a BTC logo.

The outfit was a striking resemblance to the BTC logo, with its three prominent colors – gold, silver, and black. The long-sleeved, full-length dress had a golden hue, with a black and silver pattern in the skirt. The scepter was also a work of art, with its intricate design featuring a Bitcoin logo and a crystal-studded handle.

The audience was mesmerized by Guajardo’s outfit and the way she presented it. She made sure to emphasize the significance of the Bitcoin suit on the world stage, by making statements such as “This is a symbol of our evolution and our commitment to innovation”.

This isn’t the first time El Salvador has shown its support for cryptocurrency. Last year, the country made headlines when it officially recognized Bitcoin as legal tender. This was a bold move, as it made El Salvador the first nation to recognize cryptocurrency as legal tender.

Guajardo’s Bitcoin suit is a testament to El Salvador’s commitment to the growth of cryptocurrency. It is a symbol of the nation’s willingness to embrace change and innovate, and it is a reminder that cryptocurrency is slowly but surely becoming mainstream.

The Miss Universe competition is the perfect platform to showcase a nation’s progress and culture. Guajardo’s Bitcoin suit was a statement of El Salvador’s commitment to innovation and progress. It is a reminder that the nation is willing to embrace change and be a part of the global cryptocurrency revolution.

• Bitcoin and Ether’s price and on-chain activity have seen little volatility since the start of the year
• Glassnode’s lead analyst said that periods of low market activity are often followed by volatility storms
• Glassnode’s first on-chain video report of 2023 suggests that data-based indicators show signs of an emerging crypto bull market

Bitcoin’s yearly start may be signaling an incoming bull market, according to Glassnode’s first on-chain video report of 2023. The report, released on Tuesday, reviews what could be data-based indicators of an emerging crypto bull market and suggests that Bitcoin and Ether’s price and on-chain activity have seen little volatility since the year began.

Glassnode’s lead analyst James Check noted that Bitcoin has been stuck trading within a roughly $550 range since December 17, representing a mere 3.4% trading range for almost an entire month. „It really is quite remarkable, and there could be some buildup of energy that’s ready to be released,“ he said. Check went on to explain that periods of low market activity are often followed by volatility storms, and suggested that the current low volatility may be preparing the market for a significant move.

The report further explained that Bitcoin’s hash rate has seen a slight decline since the beginning of the year. This could be interpreted as miners selling their Bitcoin to cover electricity costs, which could potentially put selling pressure on the market. However, Check noted that the decline is not significant enough to be a major worry.

Glassnode also highlighted that the number of active Bitcoin addresses has recently seen a steady increase. This could be a sign of increasing participation from retail investors, which could be an indication of a potential bull market.

Finally, the report suggested that Ether’s price has been relatively stable since the start of the year, but that its on-chain activity has seen an increase in new participants. This could be a sign that institutional investors are entering the market and could be an indicator of a potential bull market.

Overall, Glassnode’s report paints a picture of a slowly building bull market that is gaining strength with each passing day. While it remains to be seen if the market will take off, the signs are there for those willing to pay attention.