NEW: Unlock the Future of Finance with CRYPTO ENDEVR - Explore, Invest, and Prosper in Crypto!
Crypto Endevr
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms
No Result
View All Result
Crypto Endevr
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms
No Result
View All Result
Crypto Endevr
No Result
View All Result

The Protocol: Sony Launches Blockchain to Controversy

The Protocol: Sony Launches Blockchain to Controversy
Share on FacebookShare on Twitter

Here is the rewritten content:

The Protocol

Network News

Sony Embraces Blockchain, Battles Memes

Sony, the 78-year-old Japanese electronics giant, has launched "Soneium," its general-purpose blockchain platform built on Optimism’s OP Stack. The chain aims to "bridge the gap between Web2 and Web3 audiences, especially for creators, fans, and communities." While the network has attracted attention, not all the attention has been positive. Some users complained that the network was blocking memecoin trading, leading to allegations that the supposedly decentralized network was "censoring" certain transactions. The controversy highlights the tension between blockchain ideals and corporate interests. However, the incident also showcased the resilience of crypto, as some savvy blockchain users found a workaround allowing them to "force through" transactions to the base Ethereum network, rendering Sony’s alleged transaction-blocking moot. Read more.

Bubblemaps Wants More Crypto Sleuths

Bubblemaps, a blockchain analytics service, announced the launch of a token, BMT, and a new "Intel Desk" that will give holders a voice in driving investigations. The platform recently introduced the V2 of its platform, which helps crypto sleuths suss out who really owns the supply of a given token. The platform sorts closely related blockchain addresses into clusters, and its easy-to-read visuals have become a common sight on crypto Twitter, where they have been used to demonstrate suspicious supply patterns among popular memecoins and DeFi tokens. The just-announced token, BMT, will be airdropped to users of the V2 platform. Holders will be given a role in the platform’s "Intel Desk," where community members can propose investigations and vote on how Bubblemaps allocates in-house investigators and resources.

Babylon Brings ZK Momentum

Babylon Labs, the developer of the largest BTC staking protocol, is building a trust-minimized Bitcoin bridge with the Cosmos network to enhance the world’s oldest blockchain’s interoperability. In partnership with Fiamma, Babylon is using the BitVM2 computing paradigm, designed to allow Ethereum-style smart contracts on Bitcoin, paving the way for zero-knowledge (ZK) technology. ZK computations allow different parties to verify that information is accurate without revealing what the information is. In this sense, it is foundational to bridging digital assets between different blockchains. Developers like Babylon and Fiamma are aiming to unlock the deep wells of value stored in BTC to finance other ecosystems and allow it to be transacted on blockchains free of some of Bitcoin’s limitations of speed and scale. Read more.

Bitfinex:

U.S. prosecutors have asked a federal judge to green-light the return of nearly 80% of the 119,754 bitcoins stolen in the 2016 hack of crypto exchange Bitfinex. In a Tuesday court filing, prosecutors said the 94,643 bitcoins recovered by the government from the original wallet used by the hacker, Ilya Lichtenstein, can be paid to Bitfinex as restitution in-kind once the court gives the go-ahead. The Bitcoin Cash, Bitcoin Satoshi Vision, and Bitcoin Gold generated via several hard forks following the hack will also be sent to Bitfinex. Last November, Lichtenstein was sentenced to 5 years in prison after pleading guilty to conspiracy to commit money laundering in 2023. His wife, Heather Morgan – better known by her rap moniker Razzlekhan – received an 18-month sentence for helping Lichtenstein launder a portion of the hack proceeds. Both agreed to forfeit the stolen cryptocurrency as part of their plea agreements. Read more.

Money Center

Treasuries Multiply

Regulatory and Policy

Calendar

  • January 20-24: World Economic Forum, Davos, Switzerland
  • January 21-25: WAGMI conference, Miami
  • January 24-25: Adopting Bitcoin, Cape Town, South Africa
  • January 30-31: PLAN B Forum, San Salvador, El Salvador
  • February 1-6: Satoshi Roundtable, Dubai
  • February 19-20, 2025: ConsensusHK, Hong Kong
  • February 23-24: NFT Paris
  • February 23-March 2: ETHDenver
  • March 18-19: Digital Asset Summit, London
  • May 14-16: Consensus, Toronto
  • May 27-29: Bitcoin 2025, Las Vegas

Conclusion

In this week’s edition of The Protocol, we’ve seen a mix of old and new in the world of blockchain and cryptocurrency. Sony’s entry into the space has raised questions about the role of legacy companies in the industry, while Bubblemaps’ new token and Intel Desk offer a glimpse into the future of blockchain analytics. Meanwhile, Babylon’s work on ZK technology and Bitfinex’s return of stolen funds highlight the ongoing evolution of the blockchain ecosystem.

FAQs

Q: What is Soneium, and how does it differ from other blockchain platforms?
A: Soneium is a general-purpose blockchain platform built on Optimism’s OP Stack, designed to bridge the gap between Web2 and Web3 audiences.

Q: What is the purpose of the Intel Desk, and how will it be used by Bubblemaps users?
A: The Intel Desk is a new feature on the Bubblemaps platform, allowing users to propose investigations and vote on how resources are allocated, giving them a more active role in the platform’s development.

Q: How will Babylon’s work on ZK technology improve the interoperability of Bitcoin and other blockchains?
A: ZK technology will enable different parties to verify the accuracy of information without revealing what the information is, allowing for seamless communication between blockchains and unlocking new use cases.

Q: What is the significance of Bitfinex’s return of stolen funds?
A: The return of stolen funds is a significant step in the ongoing efforts to recover losses from the 2016 hack of Bitfinex, and it highlights the importance of cooperation between law enforcement and the cryptocurrency community.

cryptoendevr

cryptoendevr

Related Stories

Sanctioned Russian Crypto Exchange Garantex Seized, Operators Charged With Money Laundering

Sanctioned Russian Crypto Exchange Garantex Seized, Operators Charged With Money Laundering

March 7, 2025
0

Here is the rewritten content in HTML format with all tags properly closed: Garantex, Russian Crypto Exchange, Taken Down by...

ADA, XRP, SOL Plunge as White House Backpedals on Trump’s Crypto Reserve Plan

ADA, XRP, SOL Plunge as White House Backpedals on Trump’s Crypto Reserve Plan

March 7, 2025
0

Here is the rewritten content: White House Official Backtracks on Cryptocurrency Reserve Plan Trump's Announcement Sparks Confusion and Criticism In...

BTC Staking Platform Core Seeks Further Institutional Reach With APAC Custodian Cobo

BTC Staking Platform Core Seeks Further Institutional Reach With APAC Custodian Cobo

March 7, 2025
0

Here is the rewritten content: Core and Cobo Team Up to Expand Institutional Reach in Asia-Pacific Region Core, the issuer...

As Crypto Summit Nears, White House Maintains Special Status for Bitcoin

As Crypto Summit Nears, White House Maintains Special Status for Bitcoin

March 7, 2025
0

President Trump's Order to Establish a Bitcoin Reserve: A New Era for the Crypto Industry? White House Official Clarifies Intentions...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

🚨 83% Of Crypto Traders Will Get This WRONG! (AVOID THE LOSS)

🚨 83% Of Crypto Traders Will Get This WRONG! (AVOID THE LOSS)

May 7, 2025
Treasury Secretary Scott Bessent sees stablecoins creating T in demand for government debt

Treasury Secretary Scott Bessent sees stablecoins creating $2T in demand for government debt

May 7, 2025
Security update causes new problem for Windows Hello for Business authentication

Security update causes new problem for Windows Hello for Business authentication

May 7, 2025
Dogecoin (DOGE) Ready to Pop? Here’s What These Analysts Predict

Dogecoin (DOGE) Ready to Pop? Here’s What These Analysts Predict

May 7, 2025
URGENT! These Results Could Trigger Crypto’s Next Big Move!

URGENT! These Results Could Trigger Crypto’s Next Big Move!

May 7, 2025

Our Newsletter

Join TOKENS for a quick weekly digest of the best in crypto news, projects, posts, and videos for crypto knowledge and wisdom.

CRYPTO ENDEVR

About Us

Crypto Endevr aims to simplify the vast world of cryptocurrencies and blockchain technology for our readers by curating the most relevant and insightful articles from around the web. Whether you’re a seasoned investor or new to the crypto scene, our mission is to deliver a streamlined feed of news and analysis that keeps you informed and ahead of the curve.

Links

Home
Privacy Policy
Terms and Services

Resources

Glossary

Other

About Us
Contact Us

Our Newsletter

Join TOKENS for a quick weekly digest of the best in crypto news, projects, posts, and videos for crypto knowledge and wisdom.

© Copyright 2024. All Right Reserved By Crypto Endevr.

No Result
View All Result
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms

Copyright © 2024. All Right Reserved By Crypto Endevr