Sony Blockchain Solutions Labs, in collaboration with Startale labs, has unveiled its latest project – the Soneium blockchain platform. The primary objective of Soneium is to bridge the gap between Web3 and Web2, making it simpler and more accessible for individuals to adopt blockchain technology that is user-friendly, scalable, efficient, and capable of addressing real-world
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Meta, formerly known as Facebook, recently made headlines with the cancellation of its next-gen mixed-reality headset. This decision has sparked a debate within the tech community about the company’s strategic direction and its potential impact on the AR/VR market. The cancellation of the Reality Labs headset can be seen as a strategic shift for Meta.
In a surprising turn of events, Bitcoin (BTC) experienced a significant spike of over 6% following Federal Reserve Chairman Jerome Powell’s recent announcement. Powell hinted at a potential 25bps rate cut at the next meeting on September 18, causing a ripple effect in the cryptocurrency market. This unexpected news has added to Bitcoin’s already volatile
After a significant market crash on August 5th, Ethereum (ETH) seems to have found its bottom, according to certain metrics. Data from Glassnode indicates that Ethereum’s market value to realized value (MVRV) bottomed out at $1,687, signaling that the worst may be over for the second-largest cryptocurrency by market cap. This suggests that ETH could
The recent sudden dip in the crypto market, specifically in Bitcoin, was largely attributed to an overreaction from short-term holders. These investors, who typically hold onto their assets for a brief period, quickly liquidated their positions when faced with the initial decline in prices. This knee-jerk reaction led to further cascading effects in other cryptocurrencies
As the cryptocurrency market grapples with a period of uncertainty characterized by price stagnation and volatility, the Ethereum (ETH) network is gearing up for the highly anticipated Pectra upgrade scheduled for the first quarter of 2025. This significant upgrade has attracted the attention of bullish analysts who believe that it could serve as a catalyst
Indian cryptocurrency exchange WazirX has recently expressed concerns about external parties attempting to prolong its restructuring process for their own benefits. These parties, who are not invested in the platform, are said to be creating and maintaining uncertainty rather than seeking a resolution to the current situation. Following a major security breach on July 18
Opeyemi delves into the cryptocurrency realm with a fervor that is matched by few. Despite not initially choosing the digital asset industry, he has found himself captivated by its complexities for over two years. His love for unraveling the intricacies of blockchain technology and staying updated on the latest trends in the crypto world drives
Shibarium, a layer-2 blockchain solution designed to support the development of the Shiba Inu ecosystem, has seen significant growth since its inception a year ago. With over 418 million transactions processed and key upgrades such as hard forks to improve network performance, Shibarium has been focused on enhancing transaction costs, speeding up processes, and increasing
German authorities recently conducted a nationwide crackdown on unlicensed crypto ATMs, seizing nearly 250,000 euros in cash and 13 machines. Led by the Federal Financial Supervisory Authority (BaFin), the operation aimed to strengthen regulatory oversight in the rapidly expanding cryptocurrency sector. The sting operation targeted 35 locations across the country where crypto ATMs were allegedly
