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Arnold Potts

Founder and Lead Editor of Coinfiend. Arnold loves all things blockchain.

Nansen’s NFT-500 and Blue-Chip-10 Indexes Show Stability After $3 Million NFT Theft from NFT Trader

December 19, 2023 by Arnold Potts

Major NFT Indexes Stable After NFT Trader Hack Nansen’s NFT-500 and Blue-Chip-10 indexes remain stable despite a recent hack on the trading platform NFT Trader that resulted in the theft of nearly $3 million worth of non-fungible tokens (NFTs). The Nansen NFT-500 …

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SEC Rejects Coinbase’s Request for Tailored Crypto Regulations

December 17, 2023 by Arnold Potts

Coinbase’s formal petition to the Securities and Exchange Commission (SEC) requesting tailored regulations for the cryptocurrency industry has been rejected by the regulator. The SEC stated that there is no need to create a new regulatory framework for digital assets, as the …

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The Growth of Stablecoins Presents Challenges to Central Banks, Urging Consideration of Central Bank Digital Currencies

December 17, 2023 by Arnold Potts

The growth of stablecoins such as tether (USDT) and USD Coin (USDC) presents a significant challenge for central banks, according to Bank of Korea Governor Rhee Chang-yong. Despite their name, these stablecoins often lack stability, which raises concerns for central banks. Speaking …

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Arbitrum Network Faces Partial Outage Amid Traffic Surge: Sequencer Stalls, Chaos Ensues

December 17, 2023December 17, 2023 by Arnold Potts

The Arbitrum (ARB) network recently experienced a “partial outage” as a result of a surge in transaction traffic, which had a direct impact on the layer-2 blockchain’s sequencer. According to various posts on the network’s social media accounts, Arbitrum’s sequencer encountered a …

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Taiwanese Authorities Crack Down on Online Influencers and Crypto Community for Promoting Illegal Election Betting on Polymarket

December 17, 2023 by Arnold Potts

Law enforcement in Taiwan is currently investigating individuals promoting a Polymarket contract related to Taiwan’s upcoming election, according to reports from local media outlet BlockTempo. The contract allows users to bet on the outcome of the January election, with over $300,000 already …

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Bitcoin’s Evolution: The Future of the World’s Most Powerful Brand

December 16, 2023 by Arnold Potts

Without transitional phrases or mentioning Bitcoin Magazine, here is a modified version of the article: This article delves into the current state of Bitcoin and the challenges that lie ahead. With the imminent halving, potential federal regulations, and increased institutional adoption, Bitcoin …

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Regulatory Autonomy: Should Regulators Determine the Rules They Enforce?

December 16, 2023 by Arnold Potts

Regulatory self-determination is a topic that sparks debate within the cryptocurrency industry. While federal watchdogs like the Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC) enforce the law based on legislation written by congressional lawmakers, there is a question …

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Bitcoin’s Winning Streak in Danger, but Experts Predict Strong 2024

December 16, 2023 by Arnold Potts

Bitcoin’s price has cooled at $41,800, marking a 4% decrease for the week and potentially snapping the first eight-week streak of gains since 2017. This stagnation in price comes as investors have moved a net $860 million of BTC to exchanges, indicating …

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Polygon Labs Deprecates Support for Polygon Edge, Encourages Adoption of ZK-Powered Technology for Blockchain Development

December 16, 2023 by Arnold Potts

Polygon Labs, the primary developer behind the Polygon blockchain ecosystem, has announced that it is deprecating support for Polygon Edge, a blockchain template that predates the project’s shift toward zero-knowledge cryptography as a core technology. This decision comes as Polygon Labs focuses …

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Financial Stability Oversight Council Urges Congress to Pass Crypto Legislation to Address Concerns

December 15, 2023December 15, 2023 by Arnold Potts

A new report released by the Financial Stability Oversight Council (FSOC), a financial stability watchdog composed of heads of major U.S. financial regulators, highlights the need for Congress to pass legislation to address concerns around cryptocurrencies. The report, which covers various issues …

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