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The Sui Foundation reallocates 117 million SUI Tokens from external market makers to accelerate ecosystem development and support growth initiatives, including decentralized applications and liquid staking protocols. Sui Foundation has undertaken a major repositioning of its resources by retracting 117 million SUI Tokens from external market makers. The tokens will be redirected towards supporting Sui Network’s development and various other growth initiatives, without affecting the existing circulating supply. Breaking news! We're reallocating 117M SUI from external market makers and redirecting them to initiatives designed to fuel ecosystem and community growth! Dive into the press release for all the details. #BuildOnSuihttps://t.co/G0kZOAvbaj — Sui (@SuiNetwork) October 5, 2023 SUI has shown a remarkable growth trajectory This reallocation comes on the heels of the Sui Liquidity Staking Hackathon, where the foundation staked 25 million SUI Tokens for the vic...

Reddit communities unanimously decided to go private or in read-only modes between June 12 – June 14, protesting against the upcoming change that would prevent users from freely accessing APIs and tools. Numerous sub-communities on Reddit – including popular crypto subreddits – unanimously decided to go private for 48 hours as a way to protest against new company policies that prevent the use of third-party applications. In April, Reddit announced plans to modify the way users can interact with Reddit Data API, a seven-year-old application that enabled developers to create tool and utilities for moderation and other activities. Most subreddits retaliated the move as Reddit’s intention to build native moderator tools directly impacts the community ’s ability to create and use third-party tools – predominantly used for moderating the content and interactions. As a result, communities decided to go private or in read-only modes between June 12 – June 14, protesting against the upcoming c...

Bull Bitcoin founder and maximalist Francis Pouliot endorsed research by Block21M on Tuesday, which accused a single entity of enjoying majority ownership of Bitcoin Ordinals. Within hours, the community debunked that research. Inscriptions are NFT-like pieces of data attached to subunits of bitcoin using Casey Rodarmor’s off-blockchain numbering system called Ordinal theory. Bitcoin users who opt-in to wallet software that support Ordinals can buy, sell, and transfer these NFTs. Inscriptions can store up to 4MB of data apiece on Bitcoin’s blockchain. Block21M’s research claims a single public key has produced the majority of all inscriptions. However, that key doesn’t own those inscriptions. Instead, the inscription-as-a-service website UniSat assisted in their creation.  UniSat has inscribed the vast majority of Ordinals since Rodarmor released his Ordinals software earlier this year. UniSat releases ownership after inscribors pay its fee. Therefore, according to independe...

It’s always been possible to store arbitrary data alongside blockchain transactions, but NFTs on Monero introduce a slew of new concerns. Nonfungible tokens (NFTs) are finally on the most infamous privacy -focused blockchain, but not everyone is happy about it. M ordinals , or Monero Ordinals, are similar to Bitcoin Ordinals in that they allow anyone to inscribe data alongside transactions stored on the Monero blockchain. From reduced privacy on the network to storing illegal content on an undeletable database, the Monero community is throwing around many concerns — but is there really anything to worry about? What are Mordinals? In January, Casey Rodarmor launched the Bitcoin Ordinals protocol, allowing anyone to inscribe arbitrary data alongside Bitcoin transactions. This enables users to attach data to a single satoshi. The Ordinals protocol keeps track of these satoshis, the linked data and their unique identifiers, facilitating nonfungible tokens on the network. Mordinals are es...

The fund will be used to help residents secure affordable housing through blockchain initiatives. On May 17, the Captain Haiti Foundation, a 4947(a)(1) Charitable Trust, announced a $5 million raise sponsored by private equity firm Dargent Group.  The Captain Haiti Foundation says the partnership aims to leverage blockchain technologies to "combat Miami's housing crisis and the ongoing gentrification of the Haitian community [in Miami]." Nandy Martin, who is also known as Captain Haiti and serves as the Foundation's chairman, explained that the fund will be dedicated to helping residents acquire land, family homes, and commercial real estate in the Little Haiti neighborhood of Miami. "By achieving just 5% of Wynwood's Wall success, our Little Haiti Walls initiative could attract 150,000 tourists annually, stimulating local businesses and amplifying cultural exchange." For the first step, Martin will partner with Web3 music infrastructure provider Nus...

Currently, over two-thirds of voters on a Twitter poll said the missed inscriptions should be added at a later date instead of there being a retroactive reshuffling. A few solutions are being discussed to fix a code bug found in the Bitcoin (BTC)-native Ordinals protocol which has prevented over 1,200 inscriptions from being validated. While nearly every member of the Ordinals community agrees that these inscription requests should be reincluded, the community is debating whether they should be added retroactively or not. The bug came from the indexer function of the protocol only counting inscription s that were in the first input of a transaction submitted up to and including version 0.5.1 of the protocol. One prominent Ordinals member known on Twitter as “Leonidas.og” summarized the pros and cons of each solution in an April 10 tweet, coming a few days after the issue was first made public on April 5 by the GitHub user “veryordinally.” A bug was found in the ordinals protocol that ...