Day: 10 April 2023

Mysten Lab's co-founder, Adeniyi Abiodun, has refuted claims made by Rekt Fencer, a crypto influencer and X DAO developer, about an upcoming Sui token airdrop.  Fencer had suggested on Twitter that Sui's airdrop could outperform its primary competitor, Aptos, and expected Sui to allocate 20% of its supply to early ...

Gate Group, a leading cryptocurrency exchange, has announced its participation in the first-ever Hong Kong Web3 Festival 2023, scheduled to take place at the Hong Kong Convention and Exhibition Centre (HKCEC) from April 12 to 15, 2023. The company stated in a press release that Edwin Cheung, Business Lead of ...

The Global Shipping Business Network (GSBN) is a Hong Kong-based non-profit organization that considers blockchain technology as a critical tool for the future of logistics. GSBN operates a blockchain platform for trade applications that can be seen as an alternative to Maersk's TradeLens tool. According to the South China Morning ...

Japan has expressed support for OpenAI amidst a sea of restrictions by several nations and uncertainties for the artificial intelligence (AI) startup. On April 10, 2023, Hirokazu Matsuno, chief cabinet secretary, stated that Japan would consider integrating AI technology, such as OpenAI's ChatGPT chatbot, into governmental systems if security and ...

Attorney Jeremy Hogan has suggested that the U.S. Securities and Exchange Commission (SEC) has failed to successfully argue in court that XRP should be classified as a security. In a series of tweets posted on April 9, 2023, Hogan reiterated his position that XRP could not be classified as a ...

Hong Kong's Financial Secretary, Paul Chan, has suggested that despite the volatility of the cryptocurrency market, it is the "perfect time" for the city to advance Web3. In his blog post on April 9, 2023, Chan stated that third-generation internet applications have immense growth potential and have received positive feedback ...

Solana, a Web3 infrastructure platform, has announced a new feature that reduces the cost of building user-first Web3 projects. The new feature, state compression technology, allows developers to store data directly on-chain at a significantly reduced cost.  Solana has built the state compression technology on Merkle trees, which enables developers ...

Bitget, a leading platform for crypto derivatives and copy trading, has announced the launch of the Bitget Web3 Fund with an initial investment of $100 million during the Hong Kong Blockchain Week. This fund aims to invest in Web3-friendly venture capital and exceptional Web3 projects to support the growth of ...

Blockchain analytics company, Glassnode, released a report on April 9, 2023, revealing a slight decrease in Ethereum staking deposits in recent weeks and attributed this to the upcoming Shapella upgrade and increased regulatory pressure. The report noted that Lido's liquid staking platform had gained a significant market share, causing major ...

Introduction In recent years, there's been a radical shift in the way we express our love and appreciation for others. Instead of traditional gifts, like flowers, chocolates, and teddy bears, people are increasingly opting for digital currencies such as Bitcoin, Ethereum, and others.  Notably, in 2021, Ethereum was the top ...