The native token, SUI, of the Sui Network, a Layer 1 blockchain, is gaining adoption from other crypto exchanges as the network matures. WOO X, a cryptocurrency trading platform, just announced the listing of SUI – PERP Futures with zero fees. In addition, Crypto.com, a cryptocurrency exchange, has said that
Key interest rates were increased by the European Central Bank (ECB) by 25 basis points (bps) at its May 4 meeting, signaling a moderating pace of policy tightening. In April, Euro Area inflation hit 7%, while the underlying rate has remained at a record high of 5.6%. Following a similar
In a budget proposal for the fiscal year 2024, US President Joe Biden suggested a new tax on cryptocurrency mining. Companies involved in crypto mining—the process of mining new cryptocurrencies by solving complex cryptographic problems and verifying transactions—will be subject to the Digital Asset Mining Energy (DAME) excise tax. 30%
The long-awaited mainnet of Sui Network, Mysten Labs’ blockchain technology, has gone live. The long-awaited launch of the mainnet occurred earlier today, marking a triumphant debut for the protocol. 🌊After Devnet, multiple Testnet waves, Frenemies, #CapyHolidays, Builder Houses, and much more – what a monumental moment for the Sui community:
Upbit, the biggest cryptocurrency exchange in South Korea, has joined other major exchanges like Binance, Coinbase, OKX, Huobi, and others because of the widespread interest in the Sui network and its native token, SUI. Developed by Mysten Labs, the Sui mainnet for the DPoS Layer 1 blockchain is set to
In the year 2023, banking has become very difficult. It all started with the failure of many major financial institutions, including Silvergate Bank, Signature Bank, and Silicon Valley Bank. The US government seized First Republic Bank earlier this week, and trading in the bank’s shares was temporarily stopped. The First
Job opportunities in the United States dropped by 9.6 million in March, according to data from the Bureau of Labor Statistics, below market forecasts of 9.775 million. Due to increasing interest rates, job openings have dropped to their lowest level since April 2021. Bitcoin’s price shows continued volatility, as it
In the action brought forward by the U.S. Securities and Exchange Commission (SEC), Ripple Labs and XRP holders are anxiously awaiting a Summary Judgment. Ripple, however, has released additional XRP into circulation as the day of reckoning draws near. Data shows that in two distinct transactions, Ripple released one billion
First Republic Bank (NYSE: FRC) is being acquired by JPMorgan Chase & Co (JPM.N) after extensive efforts by U.S. authorities to save the bank failed. The FRC will be seized by financial authorities in advance of the sale. However, Citizens Financial Group Inc (CFG.N) and PNC Financial Services Group (PNC.N)
Bitfarms, a Bitcoin mining business located in Canada, said on Monday that it has once again met the standards to be listed on the Nasdaq. Bitfarms, a Bitcoin mining company listed on the Toronto Stock Exchange and the Nasdaq, will see a boost to its share price as a result.
