Blockchain News

Sony introduces Soneium, a new Ethereum layer-2 blockchain

August 23, 2024 1 min read

Sony Group has collaborated with Startale to launch Soneium, a public Ethereum layer-2 blockchain, as a means to extend its presence in the blockchain industry. Soneium’s objective is to enhance the accessibility of Web3 technologies and seamlessly incorporate them into everyday applications, providing users with the benefits of blockchain. Soneium, created by Sony Block Solutions Labs, integrates Web3 (blockchain) with Web2 (conventional internet services) to streamline blockchain utilization and tackle

Tether to Integrate USDT Into the Aptos Network

August 19, 2024 1 min read

Tether has integrated with Aptos blockchain, allowing users to transact with USDT at a lower cost compared to more expensive networks like Ethereum. Aptos, co-founded by former Meta engineers Mo Shaikh and Avery Ching, aims to offer a scalable, efficient, and user-friendly infrastructure for decentralized applications and smart contracts. USDT’s supply has primarily grown in Tron and Ethereum, with current supplies of $60.82 billion and $52.99 billion, respectively. Other networks,

Over 25,000 Arbitrum DAO participants approve ARB staking proposal

August 16, 2024 1 min read

The Arbitrum Decentralized Autonomous Organization (DAO) has officially ratified a proposal aimed at augmenting the functionality of the ARB token and fortifying the security of governance processes. The proposal, endorsed by 91% of more than 25,000 participants, will enable ARB token holders to stake and delegate their tokens in return for a liquid staked ARB token (stARB). This new currency will serve as a representation of their ownership and allow

Binance Labs leads a $43 million investment in Sahara AI

August 15, 2024 2 mins read

Binance Labs, the investment division of Binance, has spearheaded a $43 million Series A funding round for Sahara AI, a business specializing in decentralized artificial intelligence (AI). Binance Labs’ investment underscores the increasing convergence of AI and blockchain technologies, showcasing their strong confidence in Sahara AI’s capacity to stimulate innovation in the industry. Although Sahara AI is a recent participant, it has already formed partnerships with prominent technology companies such

Cardano’s user base experiences a lack of growth in the past year

August 14, 2024 2 mins read

The adoption of the Cardano (ADA) network has reached a plateau, with no significant increase in its user base over the past year. According to data from IntoTheBlock, the number of Cardano addresses with a balance greater than zero has been relatively stable over the past year. This suggests that the Cardano network has faced challenges in attracting new users following the bear market in 2022. The lack of progress

BlackRock, the world’s largest asset manager plans to launch its own blockchain

August 14, 2024 1 min read

There are rumors that BlackRock, the largest asset manager globally with $10 trillion in assets under management, is contemplating the establishment of its own blockchain. This blockchain would be comparable to Coinbase’s Base Layer-2 network and aims to improve transparency, lower expenses, and make operations more efficient. Token Terminal has categorized crypto into three primary groups: conventional crypto assets such as Bitcoin (BTC), stablecoins like USDC, and tokenized assets like

The Aptos Foundation and OKX Ventures launch a $10 million fund to support blockchain projects

August 1, 2024 1 min read

The Aptos Foundation and OKX Ventures have joined forces to create Ankaa, a $10 million fund that will help projects on the Aptos blockchain that deal with decentralized banking, real-world assets, games, social platforms, and AI. The fund’s goal is to encourage growth and new ideas in the Aptos environment. However, the news has caused a big drop in Aptos’ native token, APT. It has gone from a high of

Vitalik Buterin is calling for a unique front-end experience, alongside ZK Proofs in Web3 socials

July 27, 2024 1 min read

Vitalik Buterin, the creator of Ethereum, is emphasizing the potential of Zero-Knowledge (ZK Proof) in improving privacy and scalability on social media platforms. ZK Proof is a cryptographic technique that enables verification while minimizing the disclosure of data. It is considered a significant advancement in decentralized social protocols that rely on privacy and trust. Buterin contends that distinct user interfaces are necessary for these social protocols, namely Farcaster and Flink,

Ledger announces the launch of Ledger Flex

July 27, 2024 1 min read

Ledger has unveiled its newest hardware wallet, Ledger Flex, at the Bitcoin 2024 conference held in Nashville. The wallet is equipped with a highly secure E Ink touchscreen that is powered by Ledger’s Secure OS. Additionally, it has NFC connectivity, which improves convenience without sacrificing security. The wallet features a distinctive black and steel design and includes a unique Ledger Flex BTC Edition. The 2.8-inch display with high resolution guarantees

Gasless transactions are now live on the TON blockchain

July 26, 2024 1 min read

The TON Core team, in collaboration with non-custodial wallet Tonkeeper, has launched the W5 smart wallet standard, enabling gasless transactions on the TON blockchain. The W5 smart wallet, developed by Tonkeeper, enables users to make transactions using USDT as payment for transaction fees while sending USDT and Notcoin (NOT) as payment for gas fees when sending Notcoin. The collaboration with TON Core ensures unparalleled security, efficiency, and ease of use,

DEX Uniswap announces an update for UniswapX, and users are hoping for more activity

July 24, 2024 1 min read

Uniswap, a decentralized cryptocurrency exchange, has announced an update for UniswapX. This update introduces a new auction contract that aims to improve the process of quoting information. The update guarantees enhanced quotation velocities, optimized deal execution, and a greater amount of MEV restored to swappers. The update has been implemented on the web application and will shortly be available on mobile devices. The improvement has received positive feedback from the

Toyota plans to incorporate Ethereum blockchain technology into its vehicles

July 24, 2024 0 mins read

Toyota is looking into incorporating Ethereum blockchain technology into its vehicles. This could potentially revolutionize car management and functionality. In addition, Toyota proposes a “Movement Oriented Account” (MOA) built on the Ethereum ERC-4337 standard. This standard allows secure account management even if the private key is lost. The MOA development is seen as a stepping stone towards fully autonomous driving in the future. Secure and reliable account management is crucial