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Sony Launches Soneium, a Layer-2 Blockchain Platform

Japanese electronics giant Sony has officially introduced Soneium, a general-purpose blockchain platform, marking its foray into the world of blockchain technology. This move is part of a joint project between Sony Group and Singapore-based Startale Labs, known as Sony Block Solutions Labs (SBSL). Soneium, a layer-2 network built on Ethereum, is designed to support a wide range of applications ac…

Jan. 14, 2025, 2:10 a.m.

Tech

Babylon Labs Revolutionizes Bitcoin Zero-Knowledge Technology with Cosmos Network Bridge

Babylon Labs, the developer behind the largest BTC staking protocol, is developing a trust-minimized bridge between Bitcoin and the Cosmos network, aimed at boosting the world's oldest blockchain's ability to interact with other chains. In collaboration with Bitcoin developers Fiamma, Babylon is leveraging the BitVM2 computing paradigm, which enables Ethereum-style smart contracts on Bitcoin, pav…

Jan. 10, 2025, 4:46 p.m.

Tech

Addressing Decentralization Concerns: Hyperliquid Responds to Criticism

Welcome to our weekly cryptocurrency tech development roundup. This issue features a response from Hyperliquid to criticisms of its decentralization, as well as updates on Solana's Firedancer, StarkWare's appchains, and Arbitrum's deal with Lotte Group. Hyperliquid, a prominent player in decentralized finance, has faced criticism for its allegedly centralized network and closed-source codebase. T…

Jan. 8, 2025, 11:10 p.m.

Tech

StarkWare Introduces Appchains on Starknet with Enhanced Developer Resources

Starknet, a layer-2 Ethereum blockchain known for leveraging zero-knowledge cryptography, is now hosting appchains. StarkWare, the primary force behind Starknet, announced this development on Wednesday, revealing to CoinDesk that its 'SN Stack' will enable developers to effortlessly create blockchains tailored to specific cryptocurrency use cases. Initially announced in July 2023, StarkWare's cus…

Jan. 8, 2025, 1 p.m.

Tech

Arbitrum Expands Partnership with South Korea's Lotte Group

Arbitrum, the leading layer-2 scaling solution for Ethereum, is strengthening its collaboration with the South Korean conglomerate Lotte Group, known for its diverse portfolio of shopping centers, media outlets, and entertainment properties. According to Offchain Labs, the developer of Arbitrum, and the Arbitrum Foundation, a non-profit organization overseeing the project's development, a signifi…

Jan. 7, 2025, 8 p.m.

Tech

Ripple Enhances RLUSD Stablecoin's DeFi Capabilities with Chainlink Integration

Ripple, a blockchain service with strong ties to the XRP Ledger, announced on Tuesday that it will leverage Chainlink's data services to enhance the integration of its RLUSD stablecoin with decentralized finance applications. This new functionality, now live on the Ethereum blockchain, enables developers to incorporate RLUSD into DeFi protocols for various activities such as trading and lending. …

Jan. 7, 2025, 1:22 p.m.

Tech

Crypto Tech: A Year in Review and What's to Come

In this special edition, we reflect on the groundbreaking developments of 2024 and look forward to the potential of blockchain technology in the coming year. Let's explore the key milestones, emerging trends, and predictions that will shape the future of crypto. This article is part of The Protocol, our weekly newsletter that delves into the tech behind crypto. To stay updated, sign up for our ne…

Jan. 1, 2025, 10:01 p.m.

Tech

Trump's Pro-Crypto Moves: New Appointments and Industry Developments

Discover the latest in cryptocurrency news and tech advancements in this week's issue of The Protocol newsletter. President-elect Donald Trump has made several high-profile appointments that signal a shift towards embracing cryptocurrency and emerging technologies. Key appointments include Stephen Miran as Chair of the Council of Economic Advisers, Bo Hines to head the newly formed Crypto Council…

Dec. 23, 2024, 9:15 p.m.

Tech

Bitcoin-Driven DeFi Gets a Significant Lift with BOB's Integration of $6 Billion Babylon Staking Protocol

In a move aimed at solidifying Bitcoin's position at the heart of the decentralized finance ecosystem, BOB, a hybrid layer-2 network, has integrated with Babylon, a prominent BTC staking protocol. This integration is a crucial step towards BOB's goal of establishing Bitcoin as the foundational network for DeFi, achieved by creating bridges between itself and other blockchains, with Bitcoin servin…

Dec. 18, 2024, 8:36 p.m.

Tech

Solana and Avalanche Lead the Charge in Crypto Tech Development

Welcome to the weekly crypto tech development update. Solana has become the most popular blockchain among new developers, according to a recent report by Electric Capital, with 7,625 new developers joining the ecosystem in 2024. The Solana ecosystem has seen significant activity, with the Pudgy Penguins NFT project debuting its native token, PENGU, on the blockchain. Meanwhile, Kraken's layer-2 r…

Dec. 18, 2024, 7:20 p.m.