With Ethereum's sluggish transaction speeds and occasionally high gas-fees, the world of "layer 2" solutions to improve the usability of the Ethereum network has been expanding rapidly. Multiple protocols are competing to be the one that can make Ethereum more usable and generate substantial profits. And while Arbitrum has always been a contender for the top spot, the introduction of its native token may strengthen its position.
Read MoreThe S&P 500, Dow Jones, and Nasdaq all declined by 1.6% or more due to the absence of a slowdown in rate hikes.
Read MoreCurrently, big tech is facing a problem. During the pandemic, businesses in the sector engaged in a massive hiring spree. And now that covid is, for the most part, in the rearview mirror, the same companies are struggling to remain profitable in the face of an impending recession, and layoffs were the most obvious way to reduce their operating expenses. Now, it appears that one round of layoffs was insufficient for some.
Read MoreAlong with the rest of the crypto world, the Bitcoin community suffered throughout 2022, and many wondered when the bulls would return. In the past two weeks, however, there have been indications that Bitcoin's reputation as a high-risk asset may have diminished somewhat. Not least because the banking industry itself is beginning to appear risky.
Read MoreThis week is Fed week, and another rate hike is on the horizon. However, it may not be as simple as it seems.
Read MoreThere are currently only three legitimate candidates for the stablecoin crown. The first is Tether (USDT), a stablecoin that debuted in 2014 and has since become an industry standard. The second is Circle's USDC, which has been at least slightly behind in terms of market capitalization since its 2018 launch. The third is the BUSD on Binance. These three coins represent nearly 90% of the entire market for stablecoins. Recent events in the US banking industry have, however, made the battle for stablecoin supremacy somewhat one-sided.
Read MoreThe EUR/USD pair was in for its worst day of the year due to Credit Suisse's problems, which caused the euro to fall.
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