As the competition for dominance among established cryptocurrencies continues, a new wave of digital assets has emerged in the crypto sphere. One of these new currencies is SUI, whose network went live on Wednesday. About SUI The founders of SUI come from Mysten Labs, and like Aptos, its founders stem from Facebook’s crypto project. SUI
Federal Reserve Chair Jerome Powell has issued a warning about the possible consequences of a U.S. debt default. The economic impact could be highly uncertain and adverse, he warned, adding that nobody should assume that the Fed could protect the economy from the short and long-term effects of failing to pay bills on time. Powell’s
Amid Argentina’s ongoing financial and economic crisis, Brazilian President Luiz Inacio Lula da Silva has pledged to act as a link between Argentina and the BRICS bloc. The BRICS bloc is made up of Brazil, Russia, India, China, and South Africa. Lula’s commitment is to facilitate economic assistance to help Argentina in its current crisis.
Onchain Studios, the Miami-based startup, has recently launched a new line of digital collectibles named Cryptoys, featuring classic Star Wars characters like Darth Vader, Luke Skywalker, and Princess Leia. The company partnered with Disney to bring the latest collection to the market. The digital action figures will be accompanied by powerful weapons and will come
The US economy is grappling with a triple threat of challenges, including surging inflation, high interest rates, and a banking industry in turmoil. This situation has been exacerbated since Silvergate Bank announced its decision to cease operations and liquidate assets on March 8, 2023. This decision has triggered a series of significant bank failures, including
The Nigerian Federal government has approved the country’s “national blockchain policy.” This policy is a result of extensive consultations with 56 Nigerian institutions and public figures. The country’s minister of communications and digital economy, Isa Pantami, announced the new policy, stating that it institutionalizes blockchain technology in Nigeria. The minister added that the National Information
The SportVerse is an innovative online gaming platform designed for sports fans who want to participate in various sports-related activities on a metaverse. It offers more than just competing against other players. Players can engage in training, diverse events, social interaction, and other supplementary goods and services. The gameplay also enables players to develop their
The Federal Reserve announced on Wednesday that they will raise the benchmark interest rate to 5 to 5-1/4 percent. The move comes as a response to the expansion of economic activity in the first quarter and the need to curb inflation. While unemployment remains low, inflation has been elevated, prompting the Fed to take action.
The White House has expressed concern over the environmental impact of crypto asset mining, citing negative spillovers on the environment, quality of life, and electricity grids. To address these costs, the Biden administration has proposed the Digital Asset Mining Energy (DAME) tax, which will gradually increase to 30% and encourage companies to take better account
In March, a developer named Domo introduced the BRC20 token standard to the Bitcoin community, which has been the topic of conversation ever since. The BRC20 tokens use the Ordinals protocol, allowing creators to mint fungible crypto assets easily on-chain. To create a BRC20 token, an individual must encode a JSON data object containing essential