Day: June 27, 2024

Sui Blockchain Founders Showcase Expertise Under Pressure at Red Bull Racing Simulator

In an innovative twist to traditional tech discussions, the founders of the Sui blockchain recently demonstrated their knowledge and technical prowess under unique conditions at the Sui Basecamp event. According to The Sui Blog, the event involved the founders answering fundamental questions about the Sui blockchain while navigating the Oracle Red Bull Racing driving simulator. High-Speed Knowledge Sharing The Sui Basecamp event provided a platform for Sui’s original contributors to showcase their expertise in a high-pressure environment. Each founder took turns driving at high speeds…

Solana Trading Plunges 93% In 24 Hours: $100 Billion Vanishes

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Solana has been thrown into a tailspin after a shocking revelation: its daily stablecoin volume may have been significantly inflated. Reports indicate a staggering drop – from a dizzying $75-100 billion to a mere $7 billion in a 24-hour period. This dramatic shift has unsettled the crypto community, raising serious questions about the legitimacy of Solana’s past performance and its future as a DeFi powerhouse. Related Reading Wash Away The Hype: Inflated Figures Or Fabricated Reality? Market sentinels are pointing fingers at wash trading, a manipulative practice where investors essentially…

Hashgraph Association and Blade Labs Partner to Drive Digital Transformation in the Middle East

The Hashgraph Association and Blade Labs have partnered to drive digital transformation using the latter’s conventional and Shariah-compliant digital securities platforms. The CEO of Blade Labs described the Hashgraph Association as a strategic investor that enables the company to integrate its cutting-edge digital asset solutions with more businesses in the Middle East and beyond. Integrating […] Source CryptoX Portal

Dormant Bitcoin miner sends $3m to Binance after 14 years of inactivity

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A rare “Satoshi era” Bitcoin miner address woke up after being dormant for 14 years, sending over $3 million worth of BTC to Binance. An early Bitcoin miner moved 50 BTC, equivalent to $3.05 million, marking a rare transaction from the “Satoshi era.” According to data from Lookonchain, the address 1PDTD…m3Jcm sent the funds to Binance on Jun. 27. Blockchain transaction history indicates that the miner obtained 50 BTC in July 2010, a few months after the Bitcoin network launched. A miner wallet woke up after being dormant for 14…

State Street, Galaxy Digital to Develop Active Crypto Trading Products

State Street Global Advisors, a unit of financial services giant State Street (STT), filed an application with the U.S. Securities and Exchange Commission (SEC) to register a crypto-based fund called the SSGA Active Trust. Galaxy will be responsible for the day-to-day management of the fund’s investments, according to the filing. The company is affiliated with Galaxy Digital (GLXY), a financial services company that specializes in digital assets. Source

Lekker Capital CIO Spotlights Prime Opportunity

Quinn Thompson, Chief Investment Officer (CIO) at Lekker Capital, articulated a strong buy signal for cryptocurrencies amidst a landscape fraught with bearish sentiment. In a statement released through the social media platform X, Thompson described the present market conditions as “one of the most obvious and attractive crypto buying opportunities of recent memory.” Lekker Capital, which has carved a niche in trading cryptocurrencies based on macroeconomic cues, provides an analysis that contrasts sharply with the prevailing market mood. Thompson’s commentary comes at a time when the broader crypto community appears…

How Canaan Researches and Develops Green Bitcoin Mining Technology – Tony Li, VP of Canaan

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Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Mr. Zhibing (Tony) Li is the Vice President of Canaan Inc. He recently joined the Bitcoin.com News Podcast to talk about the company’s technology R&D roadmap and […] Original