Arbitrum

<ul><li>Twitter suspends the official Arbitrum account for a short period of time.</li><li>The suspension had a significant effect on the price of Arbitrum.</li></ul>The Ethereum rollup tool Arbitrum’s Twitter account was shut down on Monday. Offchain Labs co-founder Harry Kalodner accepted the suspension but was unclear about Twitter’s justification. According to reports, it was flagged as spam by mistake while being swept up with other offending accounts.Even though the account has been restored.  Arbitrum is a layer-2 (L2) scaling option for <a href="https://thenewscrypto.com/news/ethereum-news/" rel="noopener noreferrer nofollow">Ethereum</a>. It processes transactions off-chain and only conveys the results to be recorded on the Ethereum main chain. Doing so significantly lowers congestion and transaction fees on the main chain.The suspension had a significant effect on the price of <a href="https://thenewscrypto.com/arbitrums-arb-token-enters-top-40-coins-list-as-per-coinmarketcap/" rel="noopener noreferrer nofollow">Arbitrum</a>, which is still down around 12%. Arbitrum’s suspension comes less than a week after the much-anticipated launch of Arbitrum’s new ARB governance token.Albeit, the total value locked in Arbitrum is increasing. This also comes shortly after the system<a href="https://thenewscrypto.com/arbitrum-arb-airdrop-claim-is-live/" rel="noopener noreferrer nofollow"> issued its ARB token</a> to early adopters via an airdrop.

Twitter Temporarily Suspended Arbitrum’s Official Account

TheNewsCrypto

Other articles published on Mar 28, 2023

What is tokenomics?

CFTC-Binance Lawsuit Forces BTC Slump, Crypto Daily TV 28/3/2023

DFund AI: Decentralized AI and New Financing Order

U.S CFTC Sues Binance and CEO CZ for Federal Rules Violations

[Opinion] Hayes' "most hated BTC rally" theory: what will it mean for BTC to reach $1M?

XRP vs. SEC: Regulatory Uncertainty Threatens US Crypto Market

Join our free newsletter for daily crypto updates!