Sei Labs contributes to the Sei blockchain, an open-source layer 1 blockchain focused on asset trading. The chain is optimized to allow decentralized exchanges and trading apps to offer users a fast, scalable user experience. Sei’s public testnet went live on March 13 and has attracted more than 3.6 million unique users in that time, according to the company. Source
Regulators in the United States have been piling on the pressure on the crypto space over the last year, even more so in light of the demise of FTX and collapse of Silicon Valley Bank. Now, according to a job posting on the official careers website for the U.S. government, the Securities and Exchange Commission is seeking to hire general attorneys in New York, New York; San Francisco, California; and Washington D.C. for its Crypto Assets and Cyber Unit in its Division of Enforcement. The Division of Enforcement – Crypto Assets…
The US Government is putting the squeeze on crypto. Recently they shut down two banks that were friendly to crypto and acting as bridges between trading exchanges and the real world. These were Silvergate and Signature Bank of NY. These closures follow some events that might appear coordinated to some people. This includes the shuttering of the Paxos BUSD stablecoin and the NY lawsuit against Kucoin and Ethereum. One can think that these are coincidental actions against crypto, but some feel that it is similar to Operation Chokepoint — but…
Ethereum’s Shanghai/Capella upgrade — also known by the portmanteau Shapella — may not be the technical marvel of last year’s “Merge” or introduce turbocharged speeds to the network. Volumes of over 100,000 transactions per second will have to wait for future “danksharding” upgrades, according to the Ethereum Foundation. But the hard fork remains an important step on Ethereum’s roadmap to the future, i.e., further shoring up the network’s new validation mechanism while (potentially) removing barriers for institutional investors. Currently scheduled for 10:27 pm UTC on April 12, the upgrade will…
Blockchain interoperability — the interconnecting of multiple networks to allow data and value to flow seamlessly — is often envisioned in the context of consumer applications. Think DEXs adding support for numerous EVM networks, or blockchain bridges linking to the next trendy DeFi ecosystem. But interoperability has far broader ramifications than allowing traders to jump chains on a whim. In fact, one of the greatest beneficiaries of the maturation of multi-chain interoperability will be enterprises. As enterprise solutions grow across industries, the need to engage with multiple chains rather than…
“Our 2023 report aims to address the imbalance between the noise of fleeting price movements– and the data that tracks the signals that matter, including the durable progress of Web3 technology. Overall, the report reflects a healthier industry than market prices may indicate, and a steady cycle of development, product launches, and ongoing innovation,” wrote a16z’s Daren Matsuoka, Eddy Lazzarin, Robert Hackett, and Stephanie Zinn in an blog post. Source
“As bitcoin’s halving draws closer, our focus on operational efficiency, our technical expertise, and our treasury management strategy, will all play a crucial role in solidifying CleanSpark’s position among the top bitcoin mining companies in America,” said Zach Bradford, CEO of CleanSpark. Original
Founder and CEO Matthew Sedigh says trading volumes have surpassed $200 million since Xclaim started operations in 2018. Source
Business intelligence and Fortune 500 company MicroStrategy’s Bitcoin (BTC) investment has turned green again as BTC broke past the critical resistance of around $29,000 to record a new 10-month high of $30,163. MicroStrategy started investing in Bitcoin in the second quarter of 2020 when the BTC price was trading around $10,000. Since then, the business intelligence firm had made a series of BTC purchases over the period of two years. The firm has accumulated a total of 140,000 Bitcoin, acquired for nearly $4.17 billion at an average price of $29,803…
The Securities and Exchange Commission said in March that it was planning to add additional staff to the unit. Source