.redbullracing has signed a multiyear deal with layer 1 blockchain SuiNetwork. The SUI token rose by 1.7% after the announcement. Reporting by oknightcrypto.
Sui's token was issued on May 3 and debuted at $1.35 after earlier being sold at between $0.03 and $0.10. It is currently trading at $0.97.
“Oracle Red Bull Racing was an early adopter of Blockchain technology in Formula 1," Oracle Red Bull Racing Team Principal and CEO Christian Horner said."Partnering with Sui will elevate that experience, making access easier, more secure and engaging.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Report: Global Blockchain Gaming Market to Reach $300 Billion by 2030 – Blockchain Bitcoin NewsA report issued by Grand View Research, a California-based markets research firm, predicts that the global blockchain gaming market will reach a market cap of $301.53 billion by 2030.
Read more »
Crypto Infrastructure Firm Anoma Foundation Raises $25MSwiss non-profit anomafoundation has raised $25 million to continue building out the anoma ecosystem and the namada layer 1 blockchain. BrandyBetz reports
Read more »
The Plight of Hyped-Blockchain Canto Demonstrates Dreary DeFi OutlookCanto, the previously hype-fueled layer 1 blockchain that focuses on DeFi, has experienced a significant slump in TVL as the DeFi market continues to stagnate. oknightcrypto reports
Read more »
Popular Blockchain Analytics Platform Announces LayoffsNansen, a leading blockchain analytics platform, has announced a 30% cut in its workforce
Read more »
Researchers propose new scheme to help courts test deanonymized blockchain dataResearchers in Germany developed five “argumentative schemes” designed to test the validity and strength of criminal evidence based on deanonymized transactions on the Bitcoin blockchain.
Read more »
Indian banks asked 'to prepare for the future' with AI and blockchainTechnological disruptions, evolving customer expectations and cybersecurity threats among others have put forth new sets of risks for the banks, said RBI deputy governor MK Jain.
Read more »