A new Cosmos-based blockchain called “Tenet” will use liquid staking coins from other networks to secure its transactions, potentially allowing the new network to inherit the security of older ones, according to a May 3 announcement from the developers. The network is currently available as a testnet and will launch a mainnet version as soon as testing is complete. This…
Bitcoin rebounded from Tuesday’s losses, as all focus in the market turned to today’s United States Federal Reserve rate decision. It is widely expected that the Fed will hike rates by 25 basis points in May’s meeting. Ethereum also moved higher, nearing $1,900 in the process. Bitcoin Bitcoin (BTC) rebounded on Wednesday, as all focus in the market turned to…
We’re thrilled to announce that Sui (SUI) is now available on Kraken! Funding and trading SUI funding and trading are live. Add SUI to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Already have SUI and a Kraken account? Click below to get started ⤵️ SUI is tradeable on Kraken and Kraken Pro with the…
The Sui mainnet went live today at 7:30 am EST, 30 minutes before its scheduled launch, according to an update in the project’s Discord. The Sui blockchain is a Move-based, layer-1 blockchain platform developed by former Meta (formerly Facebook) engineers who worked on the now-defunct Novi project. Mysten Labs, the development team behind the blockchain, raised a $300 million investment…
Litecoin (LTC) can make some big gains versus Bitcoin (BTC), particularly as the August halving event gets closer, according to Litecoin’s creator Charlie Lee. Litecoin up 85% since record lows versus Bitcoin Lee argues that LTC/BTC could rally to 0.025 BTC, or over 700%, in the next bull cycle, with Litecoin having “higher throughput by design, scalability with extension blocks, better fungibility,…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG South Korean game publisher Neowiz wants to fund the next generation of Web3 games on Ethereum scaling network Polygon through its crypto subsidiary Intella X’s new $10 million gaming accelerator. The Intella X ecosystem currently offers a crypto wallet, decentralized exchange, and NFT marketplace. Its accelerator fund was created…
Amid the regulatory struggles in the United States, crypto exchange Coinbase has decided to bring its business abroad with a global platform. Following this, members of the crypto community expressed their opinions, with some criticizing the Securities and Exchange Commission (SEC) and others expressing confidence in crypto’s future. On May 2, the exchange announced the launch of Coinbase International Exchange…
Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country. A dedicated platform has been established to allow local businesses to transfer cryptocurrency for the purpose of cross-border settlements. Iran to Use Cryptocurrencies for Imports, Trade Organization Chief Vows Iranian companies will be able pay for imports with cryptocurrencies, the country’s…
Bitcoin’s BRC-20 token standard has become the latest trend in the crypto ecosystem, especially after the Pepe meme coin rise in recent months. A total of 8,500 different tokens have been minted using the BRC-20 standard, and the majority of these BRC-20 tokens are meme coins, such as Pepe and Meme. BRC-20 is an experimental token standard on the Bitcoin…
The Nasdaq-listed Bitdeer, a crypto mining firm helmed by the former CEO of Bitmain Technologies Jihan Wu, today announced a strategic partnership with Druk Holding & Investments (DHI), the commercial arm of the Royal Government of Bhutan. The scope of the partnership is to launch crypto mining operations that will deploy “100% carbon-free” hydroelectric power in a new mining center…
