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Month: August 2024

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  • Sony launches Soneium blockchain to drive mainstream web3 adoption

Sony launches Soneium blockchain to drive mainstream web3 adoption

Sony launches Soneium blockchain to drive mainstream web3 adoption. Soneium focuses on scalability, built on Optimism’s Superchain. Soneium rollout will be in a three-phase plan: onboarding developers, integrating Sony products,…

Impermanent Loss

What Is Impermanent Loss? Impermanent loss occurs when the current value of assets in a liquidity pool is less than their value at the time of deposit. This means that…

Layer 2 (L2)

What Is A Layer 2 (L2)? Layer 2 refers to a secondary network built on top of an existing blockchain (Layer 1), often to improve its scalability and efficiency. They…

Automated Market Makers (AMMs)

What Are Automated Market Makers (AMMs)? AMMs are a type of protocol designed to facilitate the trading of digital assets and the setting of asset prices on decentralized exchanges (DEXs).…

Total Value Locked (TVL)

What Is Total Value Locked (TVL)? Total value locked (TVL) is a cryptocurrency metric used to measure the total value of digital assets locked or staked on a particular decentralized…

Hot Wallet

What Is A Hot Wallet? A hot wallet is a cryptocurrency wallet that is always connected to the internet, enabling quick access to digital assets and decentralized apps (dApps). These…

Create Your Own Crypto Portfolio Tracker (Free Excel Template)

It can be tedious to keep track of your investment history, especially in crypto – given the pace of market changes, transaction frequency, and diverse portfolio assets necessitate an efficient…

Anchorage Digital adds rewards for PayPal USD holders

Anchorage Digital, a federally-chartered crypto bank, has added support for rewards for holders of the stablecoin PayPal USD (PYUSD). PYUSD holders can earn the rewards by custodying their tokens with…

Babylon Bitcoin staking drives BTC fees higher as mainnet launches

Babylon’s Bitcoin staking launch on August 22 drove transaction fees to $132-$137. Over 12,700 stakers quickly filled the “locking-only phase” of Babylon’s program. Babylon raised $70M in May 2024, following…

OmegaPro co-Founder arrested in Turkey charged with $4 billion Ponzi scheme

Andreas Szakacs, the OmegaPro co-founder, was arrested in Turkey. Authorities have traced $160M in crypto transactions and seized computers and cold wallets. A Dutch investor has reported losing $7M with…