Soneium blockchain launched by Sony to attract Web3 developers
Sony Block Solutions Labs, a year-old joint venture between Sony Group and Startale, has introduced an Ethereum Layer-2 blockchain to lure app developers across various sectors.
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Upbit crypto exchange’s blockchain sister firm raises $60M
Upbit operator Dunamu plans to expand its joint NFT venture with South Korean entertainment firm HYBE. 486 Total views 16 Total shares Dunamu, the operator of major South Korean cryptocurrency exchange Upbit, is progressing with blockchain development as its blockchain arm Lambda256 secured new funding.According to a Dec. 15 announcement, Lambda256 raised 70 billion Korean…

PowerPool launches ‘meta-governance token’ for Yearn ecosystem
Powerpool has launched an index and meta-governance token for the recently consolidated Yearn.finance ecosystem. 2192 Total views 4 Total shares PowerPool, a project exploring the utility of Ethereum-based governance tokens, has launched YETI — an index and “meta-governance” token for the Yearn.finance ecosystem.YETI was conceived by Messari’s Ryan Watkins, who published the proposal for a…

GoSats launches Bitcoin cashback rewards card in India
Users will be able to earn yield paid in BTC on all the rewards they’ve accumulated through the app. 622 Total views 6 Total shares Bitcoin (BTC) rewards company GoSats has launched a new cashback rewards card for customers in India, potentially setting the stage for wider mainstream adoption of digital assets in the world’s…

Exploit targets crypto veterans, drains over $10M across 11 blockchains
Metamask developer Taylor Monahan brought the issue to light and said that no one knows how the exploit works yet. 967 Total views 3 Total shares Own this piece of history Collect this article as an NFTAn unidentified exploit has taken more than $10.5 million in nonfungible tokens (NFTs) and coins from experienced community members…

Blockchains Still Lack Interoperability for Enterprise Use, WEF Says
Over the past few years, Blockchain technology integration has increased within a wide number of industries. As such, there are now hundreds of diverse blockchain networks in operation all over the world. For the most part, however, most of these Blockchains are not able to communicate with each other in a way that provides efficient…

PoS validator turns down IRS tax refund offer, pushes for clear policy on staking taxation
The Tezos validator who took the IRS to court argues that staking rewards should be treated as created property rather than income. 439 Total views 19 Total shares A United States couple suing the federal tax agency over Tezos (XTZ) staking rewards taxation chose to forego a tactical victory and engage in a court battle…

‘The social benefits are huge’ — Web3 gaming to shift digital ownership
There is no substitute for experience. Even when an experience can feel regrettable, like getting your brother’s Runescape account banned.Robbie Ferguson grew up as an avid gamer, accumulating thousands of hours playing his favorite games. One fateful day, he logged into Runescape and set in motion a series of events that would forever change his…

How You Could Save Money When Reporting Crypto Taxes
There is no denying that you should be paying taxes on your income from crypto, but how can you ensure that you are not paying more taxes than you owe? Many crypto holders are reporting their crypto transactions for the first time as a result of the United States Internal Revenue Service’s question about “virtual…