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Judge denies Kraken motion to dismiss SEC lawsuit

US District Judge William H. Orrick has ruled that the US Securities and Exchange Commission has a plausible case against crypto exchange Kraken. According to the judge, the SEC’s lawsuit against Kraken will proceed. The US Securities and Exchange Commission’s lawsuit against crypto exchange will proceed, a judge has ruled. On Friday, August 23, 2024, […]

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Sony Block Solutions Labs Announces New ‘Soneium’ Blockchain

Sony Block Solutions Labs has announced the development of a new blockchain platform—Soneium. This initiative is focused on driving the adoption of web3 technology by offering a scalable, secure, and user-friendly Ethereum Layer-2 solution. The new platform is designed to integrate decentralized technology with consumer-facing applications across entertainment, gaming, and finance. Soneium is being developed […]

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Tether Is Steering Away From Blockchain Race: Here’s Why

Tether Holdings, the issuer of the world’s leading stablecoin USDT, has decided not to launch its own blockchain. Paolo Ardoino, the CEO of Tether, talked about this decision, citing an overly saturated market. Meanwhile, there is a flurry of new blockchains being introduced in the crypto ecosystem, often without clear use cases. Tether CEO Believes […]