Tag: Blockchain

Sui Partners with Franklin Templeton to Enhance Blockchain Ecosystem

Rebeca Moen Nov 22, 2024 15:47 Sui collaborates with Franklin Templeton Digital Assets to bolster its blockchain ecosystem, highlighting projects like Deepbook and Karrier One, amid growing interest from global investment firms. Sui has announced a strategic partnership with Franklin Templeton Digital Assets, aiming to support Sui ecosystem builders and advance novel technologies through the Sui blockchain protocol. This collaboration marks a significant step in Sui’s efforts to expand its presence in the blockchain industry, according to Sui Foundation. Franklin Templeton’s Blockchain…

Reimagining EVM Storage: Addressing Key Blockchain Challenges

Timothy Morano Nov 21, 2024 21:12 Explore innovative solutions to optimize the Ethereum Virtual Machine (EVM) storage layer, tackling state bloat and high gas costs through advanced data structures and blockchain strategies. The Ethereum Virtual Machine (EVM) is a cornerstone of blockchain technology, responsible for managing persistent data, including smart contracts and accounts. However, as blockchain networks expand, the storage layer of the EVM faces significant challenges, including high gas costs and state bloat, according to Sei. The EVM Storage Layer and…

Ethereum Layer-2 Teams Welcome Proposal to Overhaul Blockchain

“A big problem with Ethereum right now is that for a block to be considered finalized, it generally takes 12 to 19 minutes,” Farmer said. “If you’re moving funds between like Arbitrum and Polygon: until that transaction has been withdrawn from Arbitrum and deposited to Polygon, Polygon can’t safely credit those funds to a user until that transaction has been finalized on the L1. So that just leads to a bad user-experience, whereas if you have 12-second finality, that becomes a better user experience.” Source

SUI Price Crashes 10% Amid Blockchain Outage

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Este artículo también está disponible en español. The Sui network has ceased block production for over two hours, leading to a sharp decline in the token’s price. Data from suivision and suiscan indicate that block generation stopped at 09:15 UTC today, and the network has yet to resume normal operations. This marks the first major outage for the project, a blockchain praised as “Solana killer.” SUI Price Crashes Following Network Outage Members of the community have suggested that issues with validators might be the cause of the disruption. Validators, critical…

Digital Currency Group’s Barry Silbert Bets Big on AI Blockchain Bittensor

“If you ask five people: ‘What is Bittensor?’ You will get five different answers,” Silbert, a cryptocurrency OG investor and evangelist, said in an interview. “If you remember early bitcoin, some people would say it’s money, some people would say it’s gold. Some people would say it’s this blockchain […] The way that I look at Bittensor is as the World Wide Web of AI.” Source

FDUSD Stablecoin Launches on Sui Blockchain

Rebeca Moen Nov 20, 2024 14:36 First Digital introduces its stablecoin, FDUSD, as a native token on the Sui blockchain, expanding DeFi options and showcasing institutional confidence in Sui’s growing ecosystem. First Digital has expanded its stablecoin offerings by launching the FDUSD stablecoin as a native token on the Sui blockchain. This development provides decentralized finance (DeFi) users with an additional option, further enhancing the ecosystem’s diversity, according to Sui Foundation. FDUSD Joins Sui’s Stablecoin Roster FDUSD joins a growing list of…

Argo Blockchain shares plunge 19% on weaker Q3 revenue compared to 2023 levels

Argo Blockchain reported a 28% decline in Q3 revenue year-over-year, reflecting continued challenges in the crypto mining space. Bitcoin (BTC) mining firm Argo Blockchain reported wider losses for Q3, with quarterly revenue of $7.5 million, down from $10.4 million a year earlier. In its Q3 earnings report released on Nov. 20, the firm revealed that total revenue for the first nine months of 2024 was $36.7 million, a slight increase from $34.4 million in 2023. The firm mined 123 BTC during the quarter, averaging 1.3 BTC per day. Mining margins…

Nexbridge Brings US Treasuries to Bitcoin Blockchain With USTBL Offering

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Nexbridge, a digital asset issuer, has introduced USTBL—a regulated gateway for investors to tap into U.S. Treasury returns through blockchain technology. Anchored on Blockstream’s Liquid Network, the offering leverages the firm’s Asset Management Platform, aiming to ensure streamlined compliance and bolstering transparency. The issuance kicks off with a soft cap set at $30 million. Blockstream’s […] Original

Mercado Bitcoin Launches MBRL Stablecoin on the TRON Blockchain, Pegged to the Brazilian Real

PRESS RELEASE. São Paulo, November 18, 2024 – Mercado Bitcoin (MB), the largest digital asset platform in Latin America, announces the launch of MBRL stablecoin on the TRON blockchain. The MBRL stablecoin presents an innovative means of payment that combines the trust and stability of Brazilian fiat currency with the utility and ease of tokenization. […] Source CryptoX Portal