BytePlus, Mysten Labs partner to integrate Sui blockchain tech

BytePlus collaborates with Mysten Labs to incorporate their recommendation systems and AR tech into the Sui blockchain, offering enhanced features. BytePlus, a ByteDance affiliate, chose Sui due to its expertise in accommodating gaming and social platforms. Sui offers advantages like zero-knowledge verification for user identification and facilitated transactions that streamline user experience. BytePlus provides a … Read more

Goldman Sachs Warns Against Extrapolating Bitcoin Halving Effects

Within the next two days, Bitcoin will experience its fourth reward reduction in mining, leading to a decrease in the number of new bitcoins created per block from 6.25 to 3.125. Every four years, this occurrence takes place, temporarily decreasing the rate at which new Bitcoin supply enters the market. Based on historical data, past … Read more

PayPal Removes NFT Protection: No More Safety Net

Starting May 20, PayPal will no longer provide coverage for NFT sales through its Seller Protection Program. New Terms And Conditions Starting May 20, PayPal updated its Seller Protection Program with new conditions. Consequently, Non-Fungible Tokens (NFTs) will no longer be covered by the program’s protection for sellers. The company updated its terms and conditions … Read more

CoinGecko: Crypto market capitalization surged 64% in Q1

Experts from CoinGecko released a report detailing the expansion of cryptocurrency market capitalization during the initial quarter. During the initial three months of the year, the cryptocurrency market expanded, as indicated in a CoinGecko analysis. This sector’s total value surged by an impressive 64.5%, amounting to a record-high $2.9 trillion in March. In summary, there … Read more

The winners and losers from Bitcoin’s halving

For exchanges and ETFs, it could mean a significant decrease in revenue at the box office, or a major setback. However, this situation may bring disappointment and struggle for miners and competing cryptocurrencies. The Bitcoin halving is just around the corner, and some early investors are excited about it due to Bitcoin’s recent price surge. … Read more