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The Ethereum (ETH) layer-2 protocol developed by consumer electronics and entertainment giant Sony Group is now live. Sony Group says the Soneium Mainnet, which is developed by Sony Block Solutions Labs and powered by Optimism Foundation’s Superchain technology, is now operational. The Japanese conglomerate announced the development of Soneium in August of 2024. The consumer electronics and entertainment giant says Soneium’s goal is to “provide use cases that creators and fans can benefit from” through the open and global blockchain technology. “In this early phase, we aim to maximize creators’ creativity, benefits, and fan engagement onchain. By protecting content rights and creating fair profit-sharing mechanisms, we empower them to thrive across both digital and real worlds. Web3 is already revolutionizing finance for the next internet, empowering hundreds of millions of people with a transformative digital experience. Now, together wi...

This article is a summary of a recent AMA hosted on Binance’s official Twitter, focused on the relaunch of Binance Wallet. The guest speakers included Yi He, Binance’s Co-founder, and Winson, the head of Binance Wallet’s product. The following is the transcription of the AMA, with audio transcribed by GPT, and some parts may contain errors or have been shortened for brevity. The views expressed are those of the speakers and do not necessarily represent WuBlockchain’s stance. YouTube: Spotify: https://creators.spotify.com/pod/show/7qfkmlvhrl8/episodes/Alpaha-e2sjv78 Yi He: Over the past year, I believe we’ve not done particularly well with our wallet business. After a period of reflection, we decided to completely rebuild the wallet from the ground up. This is how we arrived at the relaunch of Binance Wallet. I want to reclaim everything that belongs to us. However, in this process, we still need the community’s active participation and more feedback to help us grow together and create ...

The Dog Go To The Moon price has surged 11% to trade at $0.007192 as of 3:15 a.m. EST on a 27% jump in trading volume to $86 million. Dog Go To The Moon Price May Continue The Uptrend The DOG/USDT daily chart shows the current price resting at $0.006788, marking a sharp intraday decline of 11.22%. Beneath the surface lies a critical major support zone at $0.0034, a level the price has honoured repeatedly, serving as a solid base for upward movements. Not long ago, the price embarked on a parabolic rally, surging dramatically and peaking at $0.008691. However, the excitement didn’t last, as the price retraced, eventually finding stability at $0.0045, a level supported by the 50-day Simple Moving Average (SMA). This zone now stands as a pivotal line in the sand, potentially fueling another bullish wave if the price can hold steady. DOGUSDT Analysis Source: Tradingview The 50 SMA, at $0.0045, plays a critical role as a dynamic support, helping to maintain the upward tr...

Web3 is redefining the concept of virtual realities, blending immersive experiences with decentralized technologies. In this new digital landscape, users engage in virtual worlds powered by blockchain, which enhances ownership, authenticity, and interactivity. Decentralized platforms enable users to create, buy, and sell digital assets, such as virtual real estate and in-game items, using non-fungible tokens (NFTs). This ownership model empowers creators and players, fostering a vibrant economy where users have true stakes in their virtual environments. Virtual reality (VR) and augmented reality (AR) applications in Web3 provide unique social experiences. Users can interact, collaborate, and participate in events in immersive settings, breaking geographical barriers. Projects like Decentraland and The Sandbox showcase how these platforms create user-generated content and communities, driven by blockchain’s transparency and security. Moreover, Web3’s emphasis on privacy and u...

New research from the University of Birmingham has found that, in most cases , the use of blockchain may not be needed . Blockchain technology may not be needed in many cases , according to new research from the University of Birmingham. The study, led by Dr. Joseph Preece, a computer scientist at the University of Birmingham, highlights potential drawbacks in the decision-making process regarding blockchain usage. In an interview with Tech Xplore, Preece explained that when businesses consider whether to implement blockchain, they often turn to Blockchain Decision Schemes (BDSs) for guidance. Preece particularly expressed concerns about the overwhelming number of Flow Chart BDSs (FC-BDSs) available to assist in determining the appropriateness of blockchain for their needs. You might also like: Video game Doom from 1993 goes live on Dogecoin blockchain The study identified an “imbalance in recommendations towards avoiding blockchain usage versus employing it,...

Binance report s welcoming over 40 million new users in 2023, a 30% increase from the previous year. The report delves into specific figures, such as Binance reaching 170 million registered users by the end of 2023, offering 431 assets for trading across 1,785 pairs. The use of digital assets for payments surged, supported by an expanding network of merchants. Binance Gift Card usage for crypto gifting saw a 3.5-fold increase. Binance extended fiat support to 69 currencies and 30 channels globally. P2P trading, with 970 payment methods and 112 fiat currencies, recorded an 18% increase in trades, serving 39% more users than in 2022. Security and compliance, crucial aspects of the crypto industry, detail its investments in compliance technology, processes, and talent, totaling $213 million in 2023. The company claims to hold licenses, registrations, and authorizations in 18 jurisdictions worldwide. You might also like: BNB overtakes Solana, traders betting against the surge...

In a Nov. 21 press release shared with crypto.news, TON Future3 Campus, in collaboration with The Open Network (TON) Foundation, revealed the initiation of TON bootcamp . This incubation program aims to encourage the development of mini-apps within TON’s Web3 ecosystem on Telegram.  Bridging the gap TON states in the announcement that until Dec. 18, interested parties can submit applications for consideration, with the prospect of 15 teams receiving support for integration into TON’s Web3 ecosystem and a potential funding of up to $500,000 from Future3 Campus. The TON Bootcamp functions as a Web2.5 incubator, providing developers with the tools to create mini-apps that bridge the gap between the Web2 experience and the decentralized advantages of Web3.  Over a span of five months, selected participants will have the opportunity to secure substantial funding for their projects. The focus of the bootcamp centers on aiding projects that develop practical payme...

Blockchain web hosting could be a promising solution for enhanced data privacy, security, and control. However, it is not without potential drawbacks. The emergence of blockchain technology has sparked the development of web3, also known as the “semantic web.” Web3 aims to incorporate blockchain technology, artificial intelligence (AI), and machine learning (ML) to create a permissionless, trustless, smarter, and more responsive Internet experience. It means users could interact without intermediaries or authorization from governing bodies. Furthermore, the new web could make it possible to integrate newer, more immersive, and inclusive Features such as metaverses, NFT-based games, decentralized finance (defi) infrastructures, and decentralized autonomous organizations (DAOs). Emergence of blockchain web hosting As web3 has gained more traction, hosting websites, apps, and other digital content on blockchains has also come to the fore. The key selling point of blockchain web h...

Honeypot scams can cause significant losses. The latest antivirus update has the ability to detect not only honeypots but also various other scams in the Web3 space. As the Web3 world evolves, so too do scam techniques. As crypto literacy continues to grow among all demographics, scammers are developing new approaches and refining old tricks to bilk victims out of their assets. One of the newer schemes is referred to as the honeypot scam. This tactic may have a soft name, but can create severe losses. How does a honeypot scam work? The term “honeypot” is commonly used in cybersecurity to describe a deceptive setup designed to attract individuals. Honeypot scams include several fraudulent schemes. One of them involves smart contracts that feign a design flaw that allows any user to extract Ether (ETH) — Ethereum’s native currency — from the contract by sending a certain amount of Ether in advance. However, when a user attempts to exploit this apparent vulnerability, a hidden trapdoor,...

ARK Invest’s Cathie Wood has shared her perspectives on the dynamic intersection of Bitcoin (BTC) and artificial intelligence (AI). Wood, CEO of ARK Invest, has shared her positive outlook on the convergence of Bitcoin and AI in a post on X (formerly Twitter). Wood sees a profound economic transformation arising from the convergence of these two innovative technologies. The convergence between Bitcoin – and AI could transform the way companies organize, causing a collapse in costs and an explosion in productivity. I was blown away by the possibilities these brilliant entrepreneurs are creating. Look for this podcast on Thursday! https://t.co/kPW92CuhFQ — Cathie Wood (@CathieDWood) September 2, 2023 According to the tweet, Wood foresees a transformative change resulting from the dynamic interplay between AI, Bitcoin, and the broader web3 space.  She emphasized the numerous possibilities and favorable outcomes that these technologies could offer to various industries a...

The acquisition was called off two weeks after BitGo publicly disclosed its non-binding letter of intent to acquire Prime Trust. On June 22, wallet infrastructure provider and digital asset custodian BitGo announced on Twitter that it had decided to cancel its acquisition of fintech infrastructure provider Prime Trust. According to BitGo, “This decision was not made lightly.” The full announcement read:  “After considerable effort and work to find a path forward with Prime Trust, BitGo has made the hard decision to terminate its acquisition of Prime Trust. This decision was not made lightly and BitGo remains committed to our mission to deliver trust in digital assets.” BitGo’s deal cancellation comes merely two weeks after it shared its non-binding letter of intent to acquire Prime Trust. Although the specific details of the agreement were not disclosed, the potential acquisition between BitGo and Prime Trust was poised to provide BitGo with access to Prime Trust's payment rail...