🪙 Crypto News (May 10, 2024):

1️⃣ Cardano Foundation: The #Cardano Foundation, a non-profit organization headquartered in Switzerland and overseeing the cryptocurrency ADA, has appointed Giorgio Zinetti as its new Chief Technology Officer (CTO). Zinetti's focus will be on open-source solutions. 🔍

2️⃣ Optimism: Third-tier networks (L3) can now integrate into the Superchain ecosystem using the OP Stack technology stack. 🔄

3️⃣ DeDust: DeDust.io, a decentralized exchange on The Open Network (TON) blockchain, has launched staking for its native token SCALE. To participate, users need to visit the Staking #SCALE page, connect their TON-supported wallet, and click the Stake button. Staking has no minimum requirement. Withdrawals can be made after 72 hours or immediately with a 5% commission. 💼

4️⃣ Decentralized Recovery Alliance: #Ripple has joined Swirlds Labs and the Algorand Foundation as a founding member of the DeRec Alliance. This initiative aims to simplify the implementation and recovery of digital assets. In January, Limon Baird, co-founder of Hedera, conceived DeRec Alliance as an open-source project to establish methodologies and industry standards for convenient, secure, and decentralized asset recovery across all wallets. 🛡️

5️⃣ PR Newswire: #Canaan unveiled the flagship product of the next generation of cryptocurrency mining devices, the A1566 series Avalon A15, at the Bitcoin Asia 2024 exhibition. 🚀

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