Arbitrum, the popular layer 2 scaling solution, recently airdropped its governance token, ARB, to users who interacted with its platform. The token is supposed to enable decentralized governance of the protocol and its parameters, but its governance has led to significant community backlash.
Popular cryptocurrency trading platform Bittrex has announced it will wind down its U.S. operations due to the challenging regulatory and economic environment. The move won’t impact Bittrex Global, the international arm of the exchange based in Liechtenstein.
Elon Musk, CEO of Tesla. Space X, and Twitter, has asked a US judge to dismiss a $258 billion lawsuit accusing him of running a pyramid scheme to support the meme-inspired cryptocurrency Dogecoin.
Top stories in the Crypto Roundup today:
- Arbitrum Foundation Faces Backlash Over $1 Billion Token Allocation
- Crypto Exchange Bittrex to Wind Down US Operations
- Elon Musk Looks to Dismiss $258 Billion Dogecoin Lawsuit