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Combined Transactions on Arbitrum and Optimism L2 Chains Outpace Ethereum's Daily Transfer Count  – Defi Bitcoin News
Ethereum

Combined Transactions on Arbitrum and Optimism L2 Chains Outpace Ethereum's Daily Transfer Count  – Defi Bitcoin News

Onchain transaction fees have decreased significantly since the first week of Aug. 2022. On Saturday, Jan. 14, 2023, combined transactions on Arbitrum and Optimism reached 1.32 million for the same day. L2 scaling solutions have become increasingly popular since 2020, with options such as Polygon Hermez.See the Story
NFT Sales Drop 59% in Second Week of 2023; Ethereum Dominates Top 20 Blockchains with 75% of Sales – Bitcoin News
NFT

NFT Sales Drop 59% in Second Week of 2023; Ethereum Dominates Top 20 Blockchains with 75% of Sales – Bitcoin News

Non-fungible token (NFT) sales have dropped significantly in contrast to the seven days prior. During the past seven days, $208.68 million in NFT sales were recorded. The top-selling NFT collection this past week was the Bored Ape Yacht Club (BAYC), with $16.69 million in sales.See the Story
JPMorgan CEO Says BTC Is Fraudulent, a 'Pet Rock;' Bank of America Says CBDCs Are 'Natural Evolution' — Bitcoin.com News Week in Review – The Weekly Bitcoin News
JPMorgan

JPMorgan CEO Says BTC Is Fraudulent, a 'Pet Rock;' Bank of America Says CBDCs Are 'Natural Evolution' — Bitcoin.com News Week in Review – The Weekly Bitcoin News

JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin. Bank of America views central bank digital currencies (CBDCs) and stablecoins as a natural evolution of today's monetary and payment systems. Morgan Stanley CEO James Gorman says inflation has clearly peaked and China has made a major pivot economically.See the Story

Latest News Stories

Biggest Movers: LTC Back Above $80, DOGE Extends Gains Following Inflation Report – Market Updates Bitcoin News

Litecoin (LTC) was once again in the green, as prices of the token rose above $80.00 on Tuesday. Litecoin rose by as much as 15% in Tuesday's session, as markets reacted to the latest inflation report from the United States. Dogecoin (DOGE) also extended recent gains, with the meme coin climbing for a fifth straight day.
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FNCT (Financie Token) Exceeds JPY 20 billion (USD 150 million) in IEO Applications – Press release Bitcoin News

FNCT (Financie Token) will be available for trading on Coincheck from March 16, 2023. The application amount was JPY 20,021,288,100 (USD 150m) and the application rate was 18.78x. In Staking, which will be launched in Spring 2023, users can participate by locking FNCT with a validator and receive FNCT in return.
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Department of Justice

Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse – Bitcoin News

The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) The Wall Street Journal reports that former staff members from Terraform Labs, the company behind the Terra blockchain project, have been questioned by U.S. law enforcement. Investigators are also looking into the relationship between Terraform labs and the South Korean payment firm Chai.
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Stacks (STX) Registers Over 20% Gains On Daily Chart, Can It Test $1?

Stacks (STX) is among the coins that registered impressive gains this year, with over 168% monthly gains. It was among the cryptos that maintained their
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