Sui partners with Franklin Templeton as its DeFi ecosystem grows, reaching $1.6 billion in total value locked this year. The post Sui partners with Franklin Templeton to boost DeFi innovation and ecosystem growth appeared first on Crypto Briefing.
The network was recently plunged into a multi-hour blackout, raising reliability concerns.
Sui Network experienced a brief outage due to a bug in congestion control. Swift action by engineers and validators restored operations within minutes, highlighting effective incident response.
Circle has announced the upcoming launch of its USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) on the Aptos blockchain. This move marks a new phase in Aptos' evolution as a scalable layer-1 blockchain designed for diverse Web3 applications.
Sui's ecosystem is evolving with the introduction of native stablecoins, reshaping DeFi and unlocking new opportunities. Explore the impact of USDY, AUSD, USDC, and FDUSD.
Cryptocurrencies dominate the global financial space with relentless surges. Amidst the optimism, attention turned to individual coins, with mixed actions. Meanwhile, Solana, SUI, and the new $QUANT stole the show for different reasons. Let us find out more. Solana targets further gains The alt hovers above $250 during this writing, exhibiting significant bullish momentum.
Earlier today, the Layer-1 blockchain Sui experienced a two-hour blackout, halting block production and rendering transaction processing impossible. This network outage led to a slight dip in SUI's price, falling from $3.73 to $3.64.
The Aptos Foundation announced a new partnership with Circle and Stripe, hoping to revolutionize its network functionality. Circle's CCTP and USDC stablecoin will enhance blockchain interoperability, while Stripe will attract TradFi by simplifying fiat interactions.
TL;DR Aptos integrates native USDC and Circle's CCTP protocol, improving interoperability and security in transactions across eight major blockchains. The native version of USDC replaces the bridged USDC, simplifying settlement and increasing transaction security. Stripe will offer fiat-to-USDC conversion services, connecting traditional finance with Aptos' blockchain ecosystem.
Sui Network resumed operations after a two-hour outage.
SUI's network had a two-hour network outage, followed by a shorter 29-minute block lag on November 21. The chain had an all-time high record for transactions per second, which led up to a bug for validators to produce and propagate blocks.
Circle will integrate native USDC and the Cross-Chain Transmission Protocol (CCTP) on the Aptos blockchain.
Aptos integrates Stripe crypto payments and Circles USDC, enhancing cross-chain DeFi solutions and fiat on-ramps for global transactions. The post Stripe and Circle's USDC integrate into Aptos ecosystem appeared first on Crypto Briefing.
Sui Network experienced its first major outage Thursday, grinding the network to a halt for two hours due to a bug.
Sui, decentralized Layer-1 blockchain. faced a two-hour outage early on November 21 before recovering.
The Sui network experienced an outage, halting block production for over 2 hours.
The integrations aim to boost global payments and decentralized finance on the Aptos network.
Aptos Foundation announced that Circle's USDC stablecoin and Cross-Chain Transfer Protocol will launch on the Aptos blockchain.
The downtime had immediate repercussions for Sui (SUI), the blockchain's native cryptocurrency with its value dropping 11%.
Sui Network dubbed the ‘Solana (SOL) killer,' suffered a major outage on November 21, which halted block production for over an hour.
For 51 minutes, blocks were not produced and transactions were not processed.
At press time, the SUI status page had confirmed that block production had resumed.
SUI price tanked after the incident but quickly recovered.
The downtime was caused by a bug in its transaction scheduling.
Decentralized Layer-1 blockchain Sui Network faced a major downtime with no blocks produced in the last few hours. The data from Suivision showed that the network faced a “major outage” as some validators faced problems with approving transactions.
TL;DR On November 21, 2024, the Sui blockchain experienced a significant outage, halting block production for over an hour and causing widespread concern among users and stakeholders. The outage led to an 11% drop in the SUI token's value, with major exchanges like Upbit temporarily disabling SUI deposits and withdrawals to protect users.
Layer-1 blockchain, Sui, has confirmed that its network is currently down and unable to process transactions. In a Nov. 21 statement, the team behind Sui identified the issue and announced that a fix would be deployed shortly.
The Sui blockchain experienced a significant outage today, halting block production for over an hour due to issues with validators, raising concerns about the network's stability and prompting investigations by the development team. The post Breaking: Sui Network Crashes for Over an Hour, Block Production Halted appeared first on Cryptonews.
The Sui Network is suspected to be down for more than two hours. The protocol has not produced any new transaction blocks since Nov. 21 UTC 9:15.
The Sui network has ceased block production for over two hours, leading to a sharp decline in the token's price. Data from suivision and suiscan indicate that block generation stopped at 09:15 UTC today, and the network has yet to resume normal operations.
Sui Network, a Layer 1 blockchain, has been down for nearly two hours. The team appears to be investigating the issue.
Bitcoin (BTC) surged to a new all-time high early today as it rose to $97,000 before losing momentum and registering a marginal decline to fall to its current level. The world's largest cryptocurrency is up almost 3% over the past few hours as it maintains its rally despite facing recent selling pressure, with analysts expecting a move past $95,000 is imminent and could happen within a couple of sessions.
Exchanges like the South Korean crypto exchange Upbit have temporarily disabled SUI deposits and withdrawals amid the network outage.
The South Korean crypto exchange Upbit had temporarily disabled SUI deposits and withdrawals amid the network outage.
MemeFi addressed token-claiming concerns, established cooperation with OKX and Sui, and announced major exchange listings and giveaways.
The crypto market is witnessing a strong upward trend, fueling optimism among investors seeking lucrative opportunities. Several affordable crypto to buy under $10 have emerged as potential game-changers for generating significant profits.
TIA's downward trajectory is becoming increasingly evident.
Cryptocurrency conglomerate Digital Currency Group (DCG) is making a big splash in the realm of decentralized artificial intelligence (AI), with a keen focus on the Bittensor (CRYPTO: TAO) ecosystem. What happened: Barry Silbert, the head of DCG and an early champion of cryptocurrencies, will lead the new venture called Yuma, aimed at supporting businesses that want to build and deploy AI models on Bittensor, according to a Wednesday press release.
Digital Currency Group (DCG) has unveiled Yuma, a new subsidiary dedicated to accelerating startups building decentralized intelligence projects using Bittensor's infrastructure. According to the firm's statement, the move is a strategic foray into converging crypto and artificial intelligence (AI), two sectors poised for exponential growth.
Digital Currency Group, the parent company of Grayscale and Foundry, has launched a new decentralized intelligence subsidiary named Yuma. According to a press release on Nov.
Crypto venture capital firm Digital Currency Group (DCG) is looking to promote the development of Bittensor (TAO), a decentralized Artificial Intelligence (AI) protocol. The firm aims to achieve this goal through Yuma Group.
DCG's Barry Silbert launches Yuma, a decentralized AI venture, to develop projects for Bittensor's innovative AI network. The post DCG's Barry Silbert unveils decentralized AI venture to fund Bittensor projects appeared first on Crypto Briefing.
Barry Silbert will be the CEO of Yuma, a new DCG company focused on incubating and building new businesses within Bittensor's decentralized AI ecosystem.
As the year 2024 is coming to an end, an overview of the best-performing tokens is a must. Prepare for 2025, or re-evaluate your 2024, here is your chance!
Bitcoin (BTC) hit a new all-time high of $94,041 after BlackRock, the world's largest asset manager, officially launched the iShares Bitcoin Trust ETF (IBIT) for options trading. However, it declined after reaching this level and is currently trading at $92,114, up almost 1% over the past 24 hours.
TAO was trading at $488.4, a zone that has previously triggered price reversals. Will the same happen this time around?
Web3 gaming studio Drift Zone secured a $190,000 grant from the Sei network to integrate its ecosystem on the blockchain.
This week, we examine Ripple, Cardano, Dogecoin, Shiba Inu, and Sui in greater detail. Ripple (XRP) XRP is quickly approaching $1 and has impressed with a 47% price increase in the past seven days.