Sui Network is facing investigation over allegations related to its native SUI token supply. The ecosystem recently marked an important milestone as it celebrated its one-year anniversary. Sui has taken steps to address concerns related to token distribution. Sui, a layer 1 blockchain and smart contract platform dedicated to digital asset ownership, has had an incredible journey since its founding, achieving significant milestones across the ecosystem. Continuing this momentum, on May 3, 2034, Sui celebrated one year since its launch. But the celebration was short-lived. Cyber Capital founder Justin Bons raised the alarm over perceived discrepancies in the network’s token…
Author: Crypto Flexs
Read More
Originally published on Unchained.com.Unchained is the official US Collaborative Custody partner of Bitcoin Magazine and an integral sponsor of related content published through Bitcoin Magazine. For more information on services offered, custody products, and the relationship between Unchained and Bitcoin Magazine, please visit our website. Visit unchained.bitcoinmagazine.com for resources and special offers to upgrade your bitcoin security. Once someone decides that they want to hold bitcoin in self-custody, they will soon discover that hardware wallets are the most secure tools for managing bitcoin keys. The next question becomes whether to use a singlesig wallet or a multisig wallet.If you choose…
April 30, 2024, New York, USA, Chainwire First major contemporary artist to adopt Bitcoin blockchain LiveArt proudly presents Human by Yue Minjun, the contemporary art giant’s first Ordinals collection. This pioneering collection of 1,200 unique digital masterpieces on the Bitcoin blockchain chronicles pivotal moments that defined the digital era. With over $150 million in physical and digital art sales, Yue Minjun’s iconic laugh resonates louder than ever. “The Bitcoin blockchain has unparalleled reliability and permanence in the cryptocurrency world. We brought Yue Minjun to Bitcoin Ordinals because the blue-chip artists of the art world are the blue-chip blockchains of the…
In recent weeks, Ethereum has shown subtle signs of recovery, with altcoins mimicking Bitcoin’s gradual upward trend amid a generally bearish cryptocurrency market. Despite the price of Ethereum rising slightly by 0.2% over the past 24 hours, a parallel trend is unfolding beneath the surface that could have a major impact on Ethereum’s economic model. Reduced ETH consumption due to reduced network activity In April, Ethereum’s ETH burn rate hit a yearly low, largely due to a significant decrease in network transaction fees. These fees have typically fluctuated just below 10gwei this year, but in recent weeks the fees have…
The Chainlink (LINK) network has grown into a major cross-chain platform facilitating over $10 trillion in transactions. The altcoin market has built a solid support level above $1 trillion over the past five weeks. With demand for Bitcoin (BTC) rising from institutional investors due to spot BTC ETFs in Hong Kong and the United States, the altcoin market is poised to cause a stir. Moreover, altcoin market capitalization will be less than $700 billion before hitting all-time highs in the next quarter. As Coinspeaker reported, cryptocurrency investors have been accumulating aggressively over the past few weeks ahead of the anticipated…
Turnaround for Grayscale investment in a difficult marketGrayscale Investments has hit a significant milestone by recording its first net inflows into the Grayscale Bitcoin Trust (GBTC) after months of continuous outflows. The development comes as a relief to the fund, which has faced outflows of more than $17.5 billion since the launch of 11 spot Bitcoin ETFs on January 11.Inflow details and market reactionGBTC recorded inflows of $63 million on May 3, a notable turnaround considering the significant outflows it has experienced since converting to a Bitcoin exchange-traded fund (ETF) in January. These inflows contrast sharply with the performance of…
Rostin Behnam, chairman of the US Commodity Futures Trading Commission, said that as interest from retail investors and the value of cryptocurrency markets increase, so will enforcement actions.Behnam said he expects the next “enforcement action cycle” to occur within the next six months to two years.“From my perspective as a regulator, I think we will see another cycle of enforcement actions in the next six to 18 months or six to 24 months due to the cycle of asset valuation and interest from individual investors,” Behnam said. Conversation at the Milken Institute’s 27th Annual Global Conference. “Without the regulatory framework,…
The notable price rise of TerraClassic (LUNC) in recent months has become a focal point in the cryptocurrency market, attracting the attention of users and investors alike.As the token gains momentum, discussions surrounding its sustainability and potential for its future price trajectory are gaining traction. In this article, we take a look at Terra Classic price predictions to gain insight into the future of LUNC.What is Terra Classic (LUNC)?After the Terra LUNA (LUNA) blockchain project plummeted and collapsed in May 2022, founder Do-Kwon Kwon proposed a revival plan for the platform. As part of the recovery strategy in late May…
Analysts at global asset management firm Alliance Bernstein reaffirmed their bullish outlook for Bitcoin, predicting it will rise to $150,000 by 2025. They see the recent price correction as a healthy cleanup of market excess. They also highlighted the strength of the market, citing significant inflows into spot Bitcoin exchange-traded funds (ETFs) and encouraging signs of an increase in companies (…)
I know it’s been a while. But these days are pretty busy. I’m writing this from a Starbucks sitting behind the Great Firewall in Shanghai, a place I can occasionally peek into. I have been in Asia with Marek for the past few weeks, mainly for meetups, workshops and technical conferences. During this time, we have seen the launch, struggle, and survival of the Olympic Testnet. This is a very clear sign that multi-client systems will be far superior to our current monoculture. We have seen the start of a second external Go audit, primarily to identify regressions and provide…