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Fuse Network has announced that the Consensus Contract on the Flash Testnet network is now live, as per the latest updates shared with Finbold on July 29. Dedicated to advancing the network’s capabilities, stability, and decentralization, Fuse is likewise introducing several key updates, including a new maximum stake requirement for validators, a deflationary token model , and the integration of Polygon’s Chain Development Kit (CDK).  zkEVM Layer 2 Network  The transition to a ZK-powered Layer-2 (L2) network using Polygon CDK is expected to boost the network’s scalability, security, and interoperability.  Picks for you Nikki Haley’s net worth revealed: How much is the former South Carolina governor worth? 2 hours ago China is...

Multinational conglomerate Sony Group is preparing to launch its own crypto ex change in Japan after it acquired Amber Group’s local subsidiary Amber Japan in August last year. Sony will revamp a local trading platform, WhaleFin, which has been renamed to S.BLOX Co, according to a July 1 press release on PR Times . The new ex change will also collaborate with Sony Group’s other businesses to generate additional value for its crypto trading services, the statement added. Sony Crypto Exchange Not Its First Move Into Crypto Space Multiple upgrades will be introduced to the platform after Sony purchased Amber Japan last year via its subsidiary Quetta Web. Changes will be made to the ex change ’s user interface, while the platform’s mobile app will also undergo a drastic change . The exact date for the ex change ’s launch has not been disclosed. This is not Sony’s first move into the crypto arena. Last year, it also partnered with Japanese blockchai...

The Chinese fast-fashion brand Shein is stepping up preparations for a London IPO listing. Shein attempted to enter the New York Stock Ex change ( NYSE ) but faced hurdles from US lawmakers, two people with knowledge of the matter said. The online fashion retailer plans to file with the London Stock Exchange ( LSE ) as early as this month, said one of them. The fashion brand plans to inform China’s securities regulator about the change of the initial public offering (IPO) venue. Also Read: Currency: What To Expect From the U.S. Dollar This Week? The China-based fashion retailer is in touch with London-based fund managers and conducted introductory meetings about the listing, reported Reuters. However, both Shein and the LSE declined to comment about the upcoming IPO listing. In addition, China’s Securities Regulatory Commission (CSRC) declined to comment on the development. After NYSE Listing Failure, Shein Eyes London Stock Exchange (LS...