Sui’s mainnet has officially launched, and its native token is now trading on major exchanges such as Binance and Bybit. The token started trading for less than $2 and has already experienced a 72% decline in less than 30 minutes of trading, according to CoinMarketCap data. As of press time, the SUI token’s trading volume
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As the popularity of NFTs rises, so does the risk of hacking and theft, making it essential to store them in a secure wallet. The SecuX Nifty NFT Hardware Wallet is the most secure way to store NFTs, providing users with complete control and ownership of their digital assets. SecuX is a blockchain security company
Kenya has announced that it will impose a 1.5% tax on all commissions earned by foreign crypto companies from their customers. The new regulations include all foreign crypto exchanges that earn interest from facilitating buying and selling transactions of digital assets in Kenya. This new tax service expands the existing 1.5% digital tax service that
Binance, a leading cryptocurrency exchange, believes that the key principles of a regulatory framework for crypto-assets should be geared towards consumer protection, market integrity, and financial stability. This was in response to the UK’s HM Treasury’s recent consultation on the regulation of crypto-assets. Binance emphasized the need for a balanced approach to regulation, ensuring that
The White House’s Council of Economic Advisors has raised concerns about the impact of crypto asset mining on the environment, stating that it leads to negative spillovers on the environment, quality of life, and electricity grids in the United States. In response to these concerns, the Biden administration is proposing the Digital Asset Mining Energy
As the impact of climate change continues to grow, people and companies are looking for ways to offset their carbon emissions. Ecoterra is a new cryptocurrency that offers a sustainable solution to support eco-friendly initiatives. With its token, ECOTERRA, this blockchain ecosystem encourages users to recycle and rewards them with digital carbon credits. According to
The Virtual Assets Regulatory Authority (VARA) in Dubai has issued a warning to the four founders of the OPNX Exchange and its CEO, Leslie Lamb. According to VARA, the exchange is unlicensed and unregulated, and therefore, the named individuals are breaking the law by operating and promoting it. The founders include Mark Lamb, Sudhu Arumugam,
Bitcoin (BTC) experienced a rebound on Wednesday, with all eyes on the Federal Reserve rate decision. After reaching a low of $27,935.73 on Tuesday, BTC/USD surged to an intraday high of $28,881.30. This came after bitcoin rejected a breakout below its long-term floor at $27,600 earlier in the week. Momentum has shifted slightly higher, with
Bitcoin’s price has been fluctuating between the 50-day moving average at $28,310 and the psychological resistance level of $30K. The direction of the upcoming rally heavily depends on whether Bitcoin breaks out of this range to the upside or downside. A breakout beyond the $30K region will significantly impact market sentiment, while a decline below
The Trust Wallet has been found to be a secure and reliable option for cryptocurrency users, according to recent research conducted by AX1. The researchers noted that the wallet uses strong encryption and multi-factor authentication to protect user data and prevent unauthorized access. Additionally, Trust Wallet has a track record of timely security updates and
Bitcoin has been on a bullish run since the beginning of the year, with crypto bulls predicting it could reach a new all-time high of $100,000 this year. However, a new player has entered the market in the form of AiDoge ($AI), an AI-powered meme coin that is tipped to offer a more lucrative alternative
Binance CEO Changpeng ‘CZ’ Zhao has announced that crypto entrepreneur Justin Sun will be prevented from farming Sui tokens with his $56.1 million deposit of True USD (TUSD) on the exchange. Sun’s deposit to Binance was made on May 1, leading many to speculate that he was attempting to farm SUI tokens through the LaunchPool
CoinShares, a European cryptocurrency investment firm, released its latest report on May 2, stating that the digital asset market has been experiencing bearish sentiment for the second consecutive week. This has resulted in outflows totaling $72 million, with crypto market funds experiencing outflows across all geographies and providers. The report mentioned that the bearish sentiment
Symmetry has launched its user interface on the Solana blockchain, which represents a groundbreaking step towards decentralized finance (DeFi). The platform aims to transform the way users manage their portfolios through crypto indices and actively managed funds, providing a comprehensive solution for creating, managing, buying, and selling funds. Symmetry’s Infrastructure Layer Symmetry’s infrastructure layer is
The U.S. Federal Reserve has raised its benchmark interest rate again, citing modest economic expansion in the first quarter of the year. While unemployment has remained low, inflation continues to be a concern for the central bank. In its press release, the Federal Open Market Committee (FOMC) emphasized the soundness and resilience of the U.S.
Recently, the Bitcoin community has been buzzing with excitement around the introduction of the BRC20 token standard. This new standard, introduced by a pseudonymous developer named Domo in March, leverages the Ordinals protocol, allowing creators to easily mint fungible crypto assets onchain. To create a BRC20 coin, individuals simply need to encode a JSON data
Druk Holding & Investments, the investment arm of the Royal Government of Bhutan, has joined forces with Bitdeer Technologies Group, a Nasdaq-listed company, to launch a $500 million fund that will support bitcoin mining activities in Bhutan. The country has been secretly producing BTC since 2017 using its vast amount of hydropower, and the government
Coinbase has announced the launch of its international exchange, which enables institutional traders outside the United States to trade Bitcoin (BTC) and Ethereum (ETH) perpetual futures. The trades for the new platform are settled in USD Coin (USDC) and do not require fiat on-ramps. The exchange also offers perpetual futures contracts with up to five
This year, the cryptocurrency market has seen a rise of over 60%. However, recent trends suggest a possible leveling off in the coming months. Analysts are keeping a watchful eye on the crypto market’s total capitalization, which has encountered resistance around the $1.2 trillion mark. Consolidation Period Likely to Extend into 2024 The market’s trajectory
P2Earn Inc, a company specializing in blockchain gaming solutions, has announced that Jeff Burton has joined their advisory board as Chairman. Burton, co-founder of Electronic Arts (EA), brings his extensive gaming industry experience to P2Earn as the company gears up for the public launch of its Gaming Guild. Partnership P2Earn and Electronic Arts share a
Major cryptocurrency exchanges worldwide have launched trading of the Sui (SUI) token following the Sui Network’s mainnet launch on May 3. The Sui Foundation announced that the Sui mainnet went live at 12:00 pm UTC, and many global crypto trading platforms supported the launch, allowing investors to buy and sell the new SUI token. Binance
The Federal Executive Council of Nigeria has approved the National Policy on Blockchain, which was drafted by the Federal Ministry of Communications & Digital Economy. This approval marks a significant milestone for the implementation of blockchain technology in Nigeria. Relevant agencies will work together to establish appropriate regulatory frameworks, and a steering committee led by
According to Charlie Lee, the creator of Litecoin (LTC), the cryptocurrency could see significant gains against Bitcoin (BTC) as its halving event approaches in August. Lee believes that the LTC/BTC pairing could potentially rally up to 0.025 BTC, an increase of over 700%, in the next bull cycle. This is due to Litecoin’s higher throughput,
JPMorgan Chase has acquired the deposits and a “substantial majority of assets” of troubled bank First Republic in an auction, making it the third regional bank in the US to fail since March. This highlights the vulnerabilities in the legacy banking system. Bitcoin experiences fourth consecutive month of growth Bitcoin has experienced four consecutive months
John Deaton, the founder of CryptoLaw and Ripple lawyer, has accused the US Securities and Exchange Commission (SEC) of capitalizing on the legal uncertainties surrounding cryptocurrencies as a means of redefining what should be considered a security under the Howey test. Deaton claims that the regulator’s litigations against crypto companies are pushing the boundaries of
Sports Illustrated has teamed up with Ethereum software firm ConsenSys to launch a non-fungible token (NFT) ticketing platform on the Polygon network. The new platform, called “Box Office,” is built to become the world’s first comprehensive NFT ticket service. Features Box Office is an innovative platform that allows event owners, organizers, and promoters to engage
The Nigeria Securities and Exchange Commission (SEC) has announced that it will allow tokenizing assets, including equities, property, and debt. The country’s financial regulator is currently processing applications for digital exchanges and firms that will act as sub-brokers, trading tokenized coins backed by assets, fund managers, tokenized coins issuers, and crowd-funding intermediaries. A probationary period