hardware

Mysten Labs CEO: Sui's gaming device SuiPlay0X1 is a software product, not hardware

ChainCatcher news, according to The Block, Evan Cheng, co-founder and CEO of Sui blockchain development company Mysten Labs, stated in an interview in May that the "ChatGPT moment" for cryptocurrency could arrive at any time. In a recent interview at the Mainnet conference, Cheng reiterated that the moment has not yet arrived, but it is still just around the corner. As for how Cheng plans to lead Sui to this breakthrough, he believes that by catering to "disruptive developers" and conducting extensive experiments, his blockchain has the most potential to achieve this breakthrough.One of the upcoming eye-catching experiments from Sui is the SuiPlay0X1 handheld gaming device, which is now available for pre-order and is scheduled to launch in 2025. While some may view the device as a hardware play, similar to Solana's Web3 phone, Cheng sees the device as a software product rather than a hardware product.Cheng said, "This is a gaming device that can play all Windows games. It is better than other devices in terms of deep software integration and operating system integration. Even for existing Web3 gamers, it is a superior product due to the advantages of the software. Hardware is almost like a commodity, while the software experience is where the magic lies and is the key to success."Market data shows that SUI briefly reached $2.2485, setting a new all-time high.

Legal experts: The SEC's lawsuit against Green United mainly targets specific fraudulent activities and will not affect the normal sale of cryptocurrency mining hardware

ChainCatcher news, according to Decrypt, the lawsuit against the cryptocurrency company Green United by the U.S. Securities and Exchange Commission (SEC) has recently drawn industry attention. The SEC accuses Green United of defrauding investors of $18 million through the sale of so-called "Green Boxes" mining equipment. Last week, a federal judge dismissed Green United's motion to dismiss, sparking speculation on social media that the sale of cryptocurrency mining hardware could be considered securities. However, several legal experts stated that there is currently no reason for excessive concern.Ishmael Green, a partner at Diaz Reus law firm, pointed out that as long as the mining equipment is sold with the understanding that it will be used for mining by the end user, there should be no issue. "In the Green United case, the sales agreement for the mining equipment states that Green United will control and operate the system, which is the problem." Hadas Jacobi, a consultant at Reed Smith law firm, stated that although the SEC did not explicitly mention hosted mining, it could have implications for hosted mining services. While Green United attempted to portray the case as the SEC misunderstanding hosted mining, the judge denied its motion to dismiss. Currently, the judge has only decided to hear the case and has not ruled on the SEC's arguments.
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