Month: April 2023

IMF reiterates call for crypto regulation after the ecosystem’s ‘rough year’

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The International Monetary Fund, or IMF, has pointed to the collapse of FTX as well as “turmoil” in the banking sector in its calls for regulation of digital assets. In its Global Financial Stability Report released on April 11, the IMF renewed calls for “comprehensive and consistent regulation and adequate supervision” following the failures of cryptocurrency firms including FTX as well as the subsequent collapse of crypto-friendly banks, including Silicon Valley Bank and Signature Bank. According to the financial agency, regulation for entities in the crypto asset ecosystem — with…

Jelurida and Aumenta Solutions Develop Blockchain-based Maintenance System for Ports

Jelurida, a company that specializes in the provision of blockchain solutions, has formed a partnership with the augmented reality (AR) company Aumenta Solutions in order to create a whole new maintenance system for port facilities. Increasing the real-time traceability of maintenance activities is the goal of this technology, which blends blockchain certification with augmented reality (AR). The team at Aumenta Solutions has experience working on projects similar to this one in the past. In the year 2020, the company worked on a system quite similar to this one in conjunction…

Ethereum price retests key support level that preceded 60% gains in June 2022

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Ethereum’s Ether (ETH) token continued its losing streak versus Bitcoin (BTC) for the fifth day in a row as BTC’s price jumped above $30,000 for the first time since June 2022. ETH/BTC bullish reversal fails midway On April 11, the ETH/BTC pair dropped nearly 1.6% to 0.0634 BTC to retest multi-month lows. ETH/BTC daily price chart. Source: TradingView The ETH/BTC level is down 6.75% from its local peak of 0.0679 BTC set six days ago. It is also just 2% above the pair’s local low of 0.0622 BTC from March…

What’s Next After the Ethereum Shanghai Upgrade Known as Shapella

The “Purge” will purge the spare, or historical data, from the Ethereum network. By getting rid of this historical data, congestion on the network will decrease, allowing for more transactions to be processed. Buterin has said that after this phase, Ethereum can hopefully process around 100,000 transactions per second (TPS), up from about 29 TPS now. Source EthereumShanghaiShapellaupgradeWhats CryptoX Portal

Razer gaming incubator zVentures issues call for Web3 submissions

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Razer, a U.S.-Singaporean consumer electronics company best known for its gaming hardware and peripherals, has sent out a call for new Web3 partners and game submissions.  Citing the market need for quality games built on blockchain technology, a zVentures blog post details Razer’s push for increased developer involvement. “We believe that the foundation of any successful game (be it Web 2.0 or Web 3.0) is immersive and engaging gameplay,” reads the blog post, which goes on to state that “many blockchain games on the market today focus primarily on utilizing…

SOL 15% Higher, as LTC Hits 5-Week High – Market Updates Bitcoin News

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Solana was up by as much as 15% on Tuesday, as momentum in cryptocurrency markets shifted higher. The global crypto market cap is up by 4.42% at the time of writing. Litecoin was another notable mover, as the token rose to a five-week high. Solana (SOL) Solana (SOL) rose by as much as 15% in today’s session, as bullish sentiment returned to cryptocurrency markets. Following a low of $20.18 to start the week, SOL/USD rose to a peak of $23.20 on Tuesday. As a result of today’s move, solana rose…