SOON closes funding round for Solana-based layer 2

Automaker Volvo Cars, owned by Chinese automotive group Geely, has produced electric cars with cobalt mapped on a blockchain, Reuters reports on Aug. 2.Blockchain used to combat child laborPer the report, Volvo also joined a project to monitor cobalt from Democratic Republic of Congo overseen by responsible-sourcing group RCS Global. Information technology outlet ITNews suggests…

Turkey introduced a 0.03% tax on crypto transactions as part of a major fiscal reform to address the budget deficit caused by recent earthquakes.

YIELD App launched the public beta of its web platform Friday. Its target audience is retail investors looking for easy exposure to DeFi. 4375 Total views 15 Total shares Retail trading platform YIELD App has launched a beta version of its web platform, giving retail traders direct access to the fast-moving DeFi market. The new platform,…

Both in-game Checkmate token rewards and NFT gameplay modes will be disabled. 424 Total views 2 Total shares Developers of the blockchain chess game Immortal Game are pulling the plug on its play-to-earn (P2E) and nonfungible token (NFT) features due to rampant cheating.According to the Dec. 13 announcement, while developers continue to build Immortal Game

Corporate lobbyists urge the government to create a proper infrastructure and avoid the emergence of business rent. 136 Total views 10 Total shares In the aftermath of the first officially reported crypto payment in the sanctioned country’s foreign trade, Iran’s importers point to the necessity of stable regulations to continue trade via cryptocurrencies. On Saturday local…

The email marketing platform Mailchimp appears to have suspended its services to crypto content creators. Platforms associated with crypto news, content or related services started to have issues logging into accounts, followed by notices of service interruptions that began surfacing this week. Crypto-associated accounts such as the Edge wallet, a provider of self-custody crypto holding services,…

Japan’s Financial Services Agency (FSA) is reportedly cracking down on crypto exchanges that offer anonymous transactions or have weak identity verification practices in preparation for inspection by the Financial Action Task Force (FATF) this fall. Nikkei Asian Review reported the development on May 22.The FATF will reportedly send its investigatory arm to review the strength…

Coinbase is acquiring the prime cryptocurrency brokerage Tagomi as part of its evolving strategy for institutional investors. 746 Total views 36 Total shares Major cryptocurrency exchange Coinbase is acquiring the Peter Thiel-backed prime crypto brokerage Tagomi.In an announcement on May 27, the exchange claimed the acquisition agreement came at “an inflection point in the industry,”…