Big-name entertainment company Sony is diving headfirst into the world of web3 with a brand new Ethereum layer-2 blockchain called “Soneium.” A More Streamlined Web3 Experience Sony says Soneium will offer a smoother, safer, and more decentralized experience for users. They’re aiming to provide a full web3 solution, from the ground up, instead of just…
The hackers who stole $305 million worth of Bitcoin from a Japanese crypto exchange earlier this year are on the move. Moving the Loot In May, the Japanese trading platform DMM Bitcoin lost over 4,500 Bitcoin in what was called the seventh-largest crypto hack ever. This week, blockchain security firm PeckShield reported that wallets associated…
The crypto and stock markets went on a wild ride Friday, thanks to a little nudge from the Federal Reserve. Fed Chair Jerome Powell, speaking at an economic conference in Wyoming, hinted that the Fed might soon start cutting interest rates. Powell’s Words Spark Hope Powell acknowledged that the economy is doing okay, but he…
It’s been a month since Ethereum Exchange Traded Funds (ETFs) hit the market, and things haven’t gone exactly as expected. While there was a lot of initial hype, the demand for these ETFs has been pretty underwhelming. The Good, the Bad, and the Outflows The good: BlackRock’s iShares Ethereum Trust ETF (ETHS) has been a…
Shiba Inu (SHIB) has been pretty calm lately, with prices not moving much. But even though the price hasn’t been super volatile, there’s been a lot of activity behind the scenes. Whales Are Making Moves Big investors, called whales, have been quietly buying up SHIB. One example is Wintermute, a big market maker, who recently…
Solana is on a roll! Its price has been steadily climbing, and now it’s aiming for the $164 mark. But will it break through this resistance level, or will it hit a wall? Let’s dive into the details. Solana’s Price Performance: A Closer Look Solana’s price is currently looking strong. It’s trading above the 100-day…
The founder of Cardano, Charles Hoskinson, has thrown his support behind a surprising alliance for the 2024 US presidential election: Robert F. Kennedy Jr. and Donald Trump. Hoskinson’s Surprise Endorsement Hoskinson was impressed by RFK Jr.’s recent speech, calling it “filled with deep, uncomfortable truths” about the state of American democracy and corporate control. He…
An 85-year-old widow, Annette Manes, lost her entire life savings to a scam that went on for nearly a year. The scammers, who pretended to be from JPMorgan and the government, convinced Manes to go “undercover” and help them catch bad actors. How the Scam Worked Manes was told to withdraw large sums of money…
Kraken, a popular cryptocurrency exchange, has been dealt a blow in its legal battle with the Securities and Exchange Commission (SEC). A judge has rejected Kraken’s attempt to dismiss the SEC’s claims that the exchange violated securities laws by operating without proper registration. What’s the Issue? The SEC alleges that Kraken was acting as an…
A small jewelry business in Indiana is fighting back after police seized $43,000 in cash sent to them through FedEx. The couple, Henry and Minh Cheng, claim the money was a legitimate payment from a client in Virginia for gold chains. Cash Seized, No Charges Filed The police, however, suspected the cash was linked to…
