Ethereum Scaling Platform Arbitrum Goes Live, Raises $120M – September 1

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$47,699

Bitcoin price is sitting at around $47,700 to begin Wednesday, continuing to fluctuate within its recent narrow range.

Top-20 altcoins have performed well over the last day of trading, as Ethereum gains 6%, XRP rises 7% and VeChain rallies 11%.

Top Stories for September 1, 2021 🔥

👉 Ethereum Scaling Platform Arbitrum Goes Live, Raises $120M

Ethereum Layer-2 scaling solution Arbitrum has launched on mainnet, providing yet another platform for fast and cheap transactions for Ethereum-based applications.

The project has also successfully completed its Series B funding round, attracting a significant $120 million from Lightspeed Venture Partners, Polychain Capital and others.

👉 Tether Attempts To Block NYAG From Releasing Documents To Media

Stablecoin company Tether has asked the New York Supreme Court to block the New York Attorney General from releasing Tether documents to CoinDesk and other organizations.

CoinDesk had made a Freedom of Information Law request for the documents, however Tether asserts that such information would hurt its business and jeopardize the firm’s competitive advantage.

👉 Larva Labs Signs Deal With Hollywood Agents UTA

Larva Labs has signed a deal with Hollywood agents United Talent Agency (UTA), to manage IP deals across everything from TV to films and video games.

The deal has followed wide adoption of Larva Labs’ CryptoPunks NFTs by notable figures and companies, including Jay Z, Steve.Aoki, Gary Vaynerchuck and even Visa.