Author: News Room
The partnership will enhance how Space and Time’s developers interact and build with Sui blockchain on-chain data. Layer 1 blockchain Sui Network has extended its strategic partnership with Space and Time (SxT), an AI-based blockchain warehouse for data, to integrate the second iteration of Sui’s RPC. The partnership will enable developers and users on SxT to retrieve and build with Sui data in an easier, faster, secure and more affordable way. The latest collaboration follows Sui and SxT’s recent partnership that saw the latter provide Sui’s developers with a full stack of zero-knowledge-proof-based tools to help their building process on…
Shiba Inu (SHIB) has witnessed a remarkable surge in its token burn rate as its price is eyeing momentum. Data from the tracking site Shibburn shows that more than 24.2 million SHIB tokens were burned during the last 24 hours. This means that the token burn rate is currently up 61.02%. The current circulation supply of the meme coin is a whopping 582.7 trillion tokens. With such a massive circulation supply, the Shiba Inu ecosystem requires token burning events to ensure the scarcity of the SHIB tokens. A balanced circulation supply is imperative, not only for the SHIB price but…
In a demonstration of resilience and bullish momentum, ethereum’s price spiked over the $3,600 threshold, marking a significant increase within a 24-hour range that saw lows of $3,372 and highs of $3,644. This uptrend is underpinned by a strong trade volume of $13.40 billion and a market capitalization of $434 billion, indicating sustained interest in ether. Ethereum The 1-hour chart analysis reveals a vivid portrayal of ethereum’s (ETH) strong buying pressure, characterized by large upswings and minimal retracement from recent highs. This pattern indicates a sustained interest in ether, potentially signaling the continuation of its upward trajectory. Traders might find…
As the crypto market gears up for a pivotal week, all eyes are on the upcoming release of crucial economic indicators. Investors are eagerly awaiting the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) data, set to shed light on inflation trends. Read the full article here
Ethena Labs has recently announced a significant boost in rewards for its users. As part of its “season 2” initiative, the platform is increasing rewards by 50% for some users. This move has sparked a notable surge of 14% in the value of ENA, Ethena’s native token. Currently trading at $1.306, the token has grown remarkably since its debut last week at $0.64. Ethena Labs Increases Users’ Rewards The enhanced rewards come as a boon for users who choose to lock in their ENA for a minimum of seven days. Those who lock 50% or more of their ENA relative…
Charles Hoskinson has criticized “all the dunking of Cardano,” and asserted that the protocol offers the “optimal route for scalability, governance, and innovation.” According to Hoskinson, the crypto industry’s problem is that it allows “carnival barkers [to] dominate the conversation.” Cardano FUD Charles Hoskinson, co-founder of Input Output Global Inc., has criticized “all the dunking […] Read the full article here
[PRESS RELEASE – London, UK, April 8th, 2024] The world’s first Bitcoin DEX –Satoshi DEX has unlocked a milestone, as the presale has shot up to more than $9 million, as the project continues to grow. Currently, the presale is still LIVE, less than 6% left to distribution. Following the presale, the team plans a Mainnet launch and initial liquidity (Q3 and Q4 2024) Launch of the mainnet: Deployment of SatoshiDEX on the Stacks mainnet, enabling live transactions and liquidity. Initial liquidity pools: Create the first set of liquidity pools, focusing on key Bitcoin and Stacks pairs to encourage early adoption. More information…
A once-vaunted scaling innovation for Bitcoin may be much more limited in practice than its early proponents once claimed, according to developers. Since its introduction in October, BitVM—described as a “computing paradigm” to express smart contracts on Bitcoin—has been pitched as a potential way to bridge BTC to other blockchains in a truly decentralized manner. If so, it could unlock a world of applications for BTC holders that are currently exclusive to other chains, including privacy, scalability, and dApps. However, such bridges will introduce a key limitation that critics claim the technology’s supporters have been elusive about. “BitVM bridges are…
Union Labs, the sovereign interoperability layer, has announced a strategic partnership with Lava, the modular access layer for Web3, marking the inception of an Incentivized Public Remote Procedure Call (ipRPC) campaign boasting a rewards pool worth $100,000 in token rewards. The collaboration aims to foster community engagement and growth within the Union and wider interoperable ecosystems.—Scheduled to commence with Union’s mainnet launch slated for this summer, the campaign seeks to incentivize participation in the public RPC infrastructure, streamlining the process for developers and node operators. Through Lava, node operators will have the opportunity to become Union RPC providers, providing developers…
Solana (SOL) network issues have escalated affecting investors’ confidence and preventing the proper use of its decentralized finance (DeFi) ecosystem. In this context, Finbold selected ten Solana competitors to consider using and investing amid transaction failures affecting its experience. Notably, over 69% of all Solana transactions received by validators failed to receive votes for confirmation on April 7. Finbold retrieved this data from Dune Analytics, posted by Dune‘s user and analyst, scarn_eth. Moreover, the transaction failure rate went as high as 75% a few days ago. Yet, the analyst explained the network issues go beyond this data. This is due…