Blockchain News

Sony unveils the Soneium Mainnet, advancing Web3 with 15M wallets

4 hours ago 1 min read

Sony has launched the mainnet for its blockchain platform, Soneium, marking a significant step in its Web3 strategy. Developed by Sony Block Solutions Labs in partnership with Startale, Soneium aims to transform entertainment, gaming, and finance using blockchain technology. Following a successful testnet phase, Soneium now has 15 million active wallets and over 47 million transactions. The mainnet launch builds on the earlier testnet, Soneium Minato, which allowed users to

Solana Winternitz Vault generates new cryptographic keys for each transaction

January 5, 2025 1 min read

The Solana Winternitz Vault is a groundbreaking solution developed by Solana to mitigate the risks posed by quantum computing to blockchain security. Utilizing a hash-based signature system, this vault generates new cryptographic keys for each transaction, enhancing the safety of users’ funds against potential quantum attacks. Traditional security measures, such as the Elliptic Curve Digital Signature Algorithm (ECDSA), may become vulnerable as quantum computers advance, capable of executing complex calculations

Jordan approves a 2025 Blockchain Policy to modernize government services

January 2, 2025 1 min read

Jordan has recently approved its 2025 Blockchain Technology Policy, aimed at modernizing government operations, enhancing service delivery, and reducing costs. The policy prioritizes data security, privacy, and transparency, intending to bolster public trust in government services. By integrating blockchain technology into public administration, Jordan seeks to streamline processes, cut operational costs, and improve efficiency for both citizens and businesses. This initiative is part of a broader economic modernization strategy designed

Solana and Sui blockchain networks outperform Ethereum in 2024

January 2, 2025 1 min read

Ethereum has faced disappointment in 2024 due to its inability to reach new heights, particularly as Bitcoin achieved a significant milestone by surpassing $100,000. While Bitcoin reached an all-time high of $108,135 on December 17, Ethereum struggled to maintain its position, failing to consistently exceed the $4,000 mark. A recent report from Matrixport highlighted the rise of alternative layer-1 blockchains, specifically Solana and Sui, which have outperformed Ethereum in terms

Leading asset management firm Franklin Templeton launches its DeFi solution on Ethereum

December 29, 2024 1 min read

Franklin Templeton, a well-known asset management firm, has taken important steps in decentralized finance (DeFi) by launching its tokenization project, Benji, on the Ethereum blockchain. This is the company’s fifth platform integration in 2023, after successful launches on Aptos, Avalanche, Arbitrum, and Base. Now, Benji is available on seven platforms, including Stellar and Polygon. Sandy Kaul, the Head of Innovation Strategies at Franklin Templeton, talked in a podcast about how

Kraken’s Ink blockchain launches early on mainnet

December 20, 2024 1 min read

Kraken exchange has launched its new Layer-2 blockchain, Ink, on the mainnet earlier than expected, thanks to strong community support and developer excitement. Originally set for a 2025 release, Ink is coming out early due to high demand shown by millions of testnet transactions and many connected wallets. Ink is built on the Optimism Superchain and focuses on decentralization and interoperability. Stage 1 of decentralization is planned to start in

The Current Changes in the Blockchain Network: Why Users Need More Bitcoin

December 18, 2024 3 mins read

As we navigate a rapidly evolving cryptocurrency landscape, significant changes have already occurred in the blockchain network, particularly concerning the necessity for investors to increase their holdings of Bitcoin. With the recent resurgence of the Chinese crypto market and the ongoing monopolization of the crypto market by major corporations, the demand for Bitcoin has surged. As we approach the new calendar year, investors should be aware of these developments and

Grayscale unveils Trusts for Lido DAO and Optimism

December 15, 2024 1 min read

Grayscale, a well-known cryptocurrency investment firm, has introduced two new Trusts for Lido DAO (LDO) and Optimism (OP), which are important parts of Ethereum’s ecosystem. This initiative fits with Grayscale’s plan to back projects that improve Ethereum’s scalability, security, and use, especially in decentralized finance (DeFi). Lido DAO is a top platform for staking Ethereum, and Optimism is a solution that helps scale transactions. Both are aimed at making the

Avalanche launches Avalanche9000 testnet to reducing costs and enable permissionless L1s

November 26, 2024 1 min read

Avalanche, the blockchain ranked eighth by total value locked (TVL), has introduced its most significant update yet with the Avalanche9000 upgrade, now live on the testnet. This groundbreaking overhaul aims to revolutionize app development, reduce transaction fees, and make validator operations more affordable, setting the stage for its mainnet launch in late 2025. Key Features of Avalanche9000 The upgrade includes two major proposals: Avalanche9000 also enhances interoperability with Interchain Messaging (ICM), enabling seamless

Cronos Labs announces an expansion of its strategic partnership with Google Cloud

November 7, 2024 2 mins read

Cronos Labs, a startup accelerator dedicated to expanding the Cronos blockchain ecosystem, has announced an exciting enhancement to its partnership with Google Cloud. This collaboration positions Google Cloud as the main cloud provider for Cronos, focusing on four key areas: onboarding Google Cloud as a validator, driving technical innovation, boosting developer engagement at the intersection of AI and blockchain, and creating value for startups in the Cronos Accelerator program. Ken

TON Foundation unveils Society DAO

November 3, 2024 1 min read

The Open Network Foundation is taking significant steps to enhance the decentralization of its blockchain network through a new governance initiative called Society DAO. Announced on November 1, this initiative aims to create a more inclusive and transparent ecosystem for the TON community. Society DAO is designed to empower community members by incorporating essential principles of decentralization, transparency, and inclusivity. According to Steve Yun, the president of the TON Foundation,

Securitize reaches $1 billion in on-chain issuances

November 3, 2024 1 min read

Securitize has achieved a significant milestone by surpassing $1 billion in on-chain issuances and introducing Securitize Fund Services, a new platform aimed at enhancing the efficiency of fund administration through blockchain technology. This innovative service seeks to eliminate common challenges like slow net asset valuations and cumbersome onboarding processes, ultimately streamlining digital finance operations. The Securitize Fund Services platform tackles persistent issues in fund management by providing a comprehensive solution