Category: Crypto

Japanese multinational conglomerate corporation Sony is gearing up to launch its cryptocurrency exchange. The company intends to make this possible by restarting another crypto trading platform acquired in August 2023. According to a press release, Amber Japan, the parent company of the Japanese crypto exchange WhaleFin, acquired by Sony last year, has changed its name to S.BLOX. The technology giant is preparing to kickstart its digital asset trading services soon. Sony to Launch Crypto Exchange Sony’s wholly-owned subsidiary, Quetta Web, acquired S.BLOX last year. Before then, the digital asset trading…

The European Union’s Markets in Crypto-Assets Regulation (MiCA) came into partial effect in June, with new rules concerning stablecoins coming into force on June 30.  Crypto exchanges may delist certain noncompliant stablecoins or restrict services for EU and European Economic Area (EEA)-based users. Many crypto exchanges operating within the EU have already taken action ahead of the new rules entering into force. Cryptocurrency exchanges Uphold, Binance, Kraken and OKX have also started delisting stablecoins such as Tether (USDT). Bitstamp also plans to delist Euro Tether (EURT). Speaking to Cointelegraph, Jón…

Move over, Pepe – a new frog-themed meme coin is attracting attention. Pepe Unchained (PEPU) is causing a stir, having raised over $1.5 million in the first 15 days of its presale. And with plans to launch its own layer-2 network, it appears that PEPU might not just be another no-utility meme coin. Pepe Unchained Hops Onto the Layer-2 Bandwagon Layer-2 networks are like express lanes on a crowded highway. They help speed things up and cut down on traffic jams (which lead to high fees). These layer-2 networks process…

Amber Japan, a company operating under the Sony Group, has rebranded and officially changed its name to S.BLOX. as of July 1.  The Tokyo-based company is known for managing the crypto trading service WhaleFin, and it plans to collaborate with various Sony Group businesses on crypto trading expansion efforts According to an official WhaleFin press release, the rebranding follows its acquisition by Quetta Web, a wholly-owned subsidiary of Sony Group Corporation, in August 2023. Cointelegraph contacted Sony Group and Amber Group but received no comment before publication. Related: Japan’s Sony…

There is more to creating an airdrop campaign than most companies realize. Airdrops go beyond sharing free tokens with new users and getting word out for new crypto projects. They extend to aligning company goals with airdrop strategies and reaching a larger audience to keep them interested in a project.  Thesis-driven crypto venture capital fund Node Capital has shared a press release with CryptoPotato outlining strategies companies can use to maximize their airdrop campaigns. Strategies for Effective Airdrops Node clarified that airdrops are not risk-free promotions. While they may be…

Block 840,000, mined on April 19, 2024, was special for Bitcoin (BTC). In addition to marking the fourth halving of the world’s largest blockchain, it also signaled the launch of the Runes Protocol, currently the most popular for creating fungible tokens on Bitcoin. While token creation is common on blockchains such as Ethereum (ETH) or Solana (SOL), this practice is relatively new for Bitcoin, only becoming popular in 2023. Tokens on the Runes Protocol — launched in April — are even more recent. Over the last 15 years, traditional media…

Cryptoslam data indicates that the initially strong NFT market is now recording a downward momentum, having declined in critical metrics, including sales volumes, unique sellers, and buyers. The ongoing rough patch in Bitcoin markets has been blamed for the decline in NFT volume. NFT Volumes Downward Momentum According to data from Cryptoslam, the NFT market experienced a significant decline in monthly volumes during Q2 compared to the first quarter of 2024. Sales volumes in Q2 fell by 45% quarter-on-quarter. In the first quarter of 2024, total sales volumes in the…

Analysts from Goldman Sachs and MIT recently took a deep dive into the generative artificial intelligence (AI) market to determine its short- and long-term viability for investors.  The question looming over their research was whether the current AI market represents an expanding bubble waiting to burst, or the “pickaxes and shovels” stage of the next frontier for technology and industry. Unfortunately, according to the report, the answer isn’t so simple. The marketplace differences that occur when a bubble is about to burst — as seen when the dot-com bubble burst…