In the ever-evolving landscape of blockchain technology, Mysten Labs, founded by former Facebook engineers, is making waves with its Layer 1 blockchain, Sui. The primary goal is to revolutionize the simplicity of sending money and cryptocurrencies, bringing transactions to the level of basic online communication. The company envisions a future where blockchain transactions are as […]

In the dynamic world of cryptocurrency, Arbitrum’s governance token, ARB, has recently faced a notable challenge with a partial network outage. Despite this hurdle, ARB is exhibiting resilience by holding steady, trading close to 5% lower but maintaining its position above the critical 21-day moving average (21DMA) at $1.10. The official X account of Arbitrum […]

In an effort to advance the integration of blockchain technology into various sectors in Uzbekistan, inDAO, a blockchain-focused organization, and Verida, a provider of self-sovereign digital identity solutions, have joined forces. The partnership aims to drive the widespread adoption of Web3 technology in the country. The collaboration involves the execution of pilot projects and engagement […]

In the ever-evolving realm of cryptocurrency, Bitcoin, the pioneering digital currency, has recently faced a downturn, slipping beneath the $43,000 threshold. This decline mirrors the broader crypto market, which experienced a 0.25% dip in its global market cap, now totaling $1.61 trillion. This shift coincides with the release of the US Consumer Price Index, impacting […]

The Securities and Exchange Commission (SEC) has rejected cryptocurrency exchange Coinbase’s request for tailored regulations for digital assets. In a two-page response, the SEC stated that the requested rulemaking was currently unwarranted and denied Coinbase’s petition. SEC Chair Gary Gensler emphasized that the regulator already possesses sufficient authority under existing statutes to govern crypto asset […]

A judge in Ontario, Canada, has issued an arrest warrant for Ryan Rumble, an accomplice of Aiden Pleterski, known as Canada’s “crypto-king,” for his involvement in an eight-figure crypto investment scam. The warrant comes as part of a class action lawsuit filed earlier this year, alleging that Rumble’s investment management firm, Banknote Capital, directed nearly […]

In the wake of a dominant performance in the 2023 Formula 1 season, the Red Bull Formula 1 team has introduced an exclusive NFT collection on the Sui blockchain. The team’s press release on Friday revealed that fans would have a limited-time opportunity to mint these collectibles for free exclusively on Sui, the official blockchain […]

In a remarkable display of trading prowess, a user known as @LawliettesLab has transformed an initial investment of $16,000 into a staggering $10,800,000 by capitalizing on the recent surge in the BONK! ($BONK) token price. The trader shared a tweet screenshot showcasing unrealized profits and losses on ByBit, highlighting a 6x leveraged bet on $BONK. […]

The total value locked in real-world assets has witnessed a remarkable 700% surge year-to-date (YTD) in tandem with the overall growth in decentralized finance (DeFi) figures throughout 2023, underscoring the ongoing bullish sentiment in the market. CCData’s recent market report reveals the robust strength in the market, marking a shift from the bearish trends seen […]

Renewable Bitcoin mining company Iris Energy has acquired 1.6 EH/s of Bitmain T21 miners, increasing its self-mining capacity to 10 EH/s. The acquisition, costing $22.3 million at $14/TH, is part of Iris Energy’s plan to enhance overall fleet efficiency from 29.5 J/TH to 24.8 J/TH. Before this acquisition, Iris Energy had ordered Bitmain S21 miners […]