Fantom Launches Sonic Foundation to Oversee Sonic Chain
The Fantom Foundation declared the formation of the Sonic Foundation to facilitate the introduction and overseeing of its forthcoming Sonic chain. On the blockchain network’s blog on May 23, Fantom Foundation CEO Michael Kong announced the establishment of the new foundation. Kong composed: “Our team is steadfast in exploring how the Sonic chain can impact […]
VC Investors Raise $125M for AI Music Platform Suno
Venture capital investors recently raised $125M for Suno, an artificial intelligence (AI) music creation platform. Suno declared on May 21 that it has secured $125 million in funding from investors with the purported objective of democratizing beat-making. The organization disclosed that the allocation of the funds would be towards the advancement of products and the […]
Stepn Go app Allows Users to Share Digital Sneakers
Stepn, a move-to-earn game based on the Solana blockchain, is going social with the StepN Go application, where users can share their digital sneakers with friends and split the earnings. The gaming and development studio responsible for the Stepn game, FSL, unveiled Stepn Go on May 23. This new social lifestyle application incentivizes daily physical […]
Nigerian Correctional Service Fails to Bring Binance Exec to Court
The Nigerian Federal Inland Revenue Service (FIRS) accused the Nigerian Correctional Service of failing to bring Binance executive Tigran Gambarya before the Federal High Court in Abuja. Local media reports indicate that the detained Binance executive, Tigran Gambaryan, failed to appear in court on May 22 for arraignment on federal tax evasion charges. Prosecutor Moses […]
Crypto, Tech Firms Form ‘Tech Against Scams’ to Combat Fraud
Coinbase has led a coalition of prominent tech companies, advocacy organizations, and crypto firms to form a ‘Tech Against Scams’ partnership to curb industry fraud. Recently, Match, Kraken, Gemini, Ripple Labs, Meta, and the Global Anti-Scam Organization (GASO) joined Coinbase to announce establishing the “Tech Against Scams” safety and education initiative. Tech Against Scams endeavours […]