Binance CEO Calls Nigeria’s Detention of Tigran Gambaryan Unjust

Binance CEO Richard Teng has said that Tigran Gambaryan, a former U.S. federal agent working for Binance, has been unjustly detained in Nigeria for six months. Teng reiterated claims that Gambaryan’s physical and mental health has deteriorated significantly while in detention. The CEO criticized the Nigerian government’s justification for detaining Tigran as baseless. He also … Read more

UAE Investment Firms Announce $500 Million Digital Energy Infrastructure Fund

United Arab Emirates-based investment firms Hodler Investments and Gewan Holding have announced plans to launch a $500 million Digital Energy Infrastructure (DEI) Fund. This fund aims to invest in energy infrastructure projects that support the growth of the digital economy. The DEI Fund will invest in a variety of projects, including power generation, data mining, … Read more

Audited, Yet Hacked: The Critical Role of Real-Time Monitoring in Web3

In the evolving landscape of Web3, security remains a paramount concern for crypto companies. Most of these companies rely heavily on pre-deployment smart contract audits, believing that such audits will safeguard their projects and client funds from hacks. However, recent data reveals a stark truth: 90% of the smart contracts that were hacked had undergone … Read more

Sony Block Solutions Labs Introduces Soneium, an Ethereum L2 Project 

Sony Block Solutions Labs, an initiative by Sony Group, recently introduced Soneium, an Ethereum layer two (L2) blockchain. Designed to seamlessly connect Web3 and Web2, Soneium promises enhanced scalability, efficiency, and a developer-friendly environment. The project’s goal is to make blockchain technology more accessible by integrating it into mainstream applications. Soneium: Sony’s Bold Step Into … Read more

DMM Group and Progmat Collaborate to Create a Regulated Stablecoin

Digital asset platform Progmat and DMM, a Japanese entertainment giant, are collaborating to create a new stablecoin on the Progmat Coin platform. The stablecoin will be used within the Seamoon Protocol, a Web3 network for culture and entertainment. DMM Crypto, a subsidiary of DMM Group, expects to utilize the stablecoin to enhance user experiences and … Read more