CandleFocus The Protocol: Sony Launches Blockchain to Controversy
2025-01-15
Author: Content Editor
The weekly wrap-up of cryptocurrency tech development highlights several important stories. Sony has launched its general-purpose blockchain platform, Soneium, aimed at bridging the gap between Web2 and Web3 audiences. However, there has been controversy as some users complained about the network blocking memecoin trading, leading to allegations of censorship. Bubblemaps, a blockchain analytics service, is launching a token and "Intel Desk" to give users a voice in driving investigations. Babylon Labs is building a trust-minimized Bitcoin bridge with Cosmos network to enhance Bitcoin's interoperability. Finally, U.S. prosecutors have requested the return of nearly 80% of the bitcoins stolen in the 2016 Bitfinex hack.
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