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Stepn Go app lets users share digital sneakers and split earnings

Popular move-to-earn platform STEPN is expanding its ecosystem with the launch of a new social app called GO and a dedicated gaming token. The announcement marks a significant development for STEPN as it seeks to enhance user engagement and capitalize on the growing intersection of social media and blockchain gaming.

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Popular move-to-earn platform STEPN is expanding its ecosystem with the launch of a new social app called GO and a dedicated gaming token. The announcement marks a significant development for STEPN as it seeks to enhance user engagement and capitalize on the growing intersection of social media and blockchain gaming.

GO, the new social app, aims to provide a seamless and interactive platform for STEPN users to connect, share experiences, and participate in community events. The app is designed to integrate with STEPN’s existing move-to-earn model, allowing users to earn rewards not only through physical activity but also through social interactions within the app.

“The launch of GO is a major milestone for STEPN,” said Yawn Rong, co-founder of STEPN. “We are creating a holistic ecosystem where users can engage socially and be rewarded for their active lifestyles. This new app will foster a stronger community and enhance the overall user experience.”

Alongside the introduction of GO, STEPN is also launching a gaming token, which will be used within the platform’s expanding ecosystem. The token is expected to provide additional utility and incentives for users, further driving engagement and participation. The gaming token will be integrated into various aspects of the platform, including in-app purchases, rewards, and community events.

The move comes as STEPN continues to grow its user base and explore new ways to integrate blockchain technology into everyday activities. By expanding its ecosystem with a social app and gaming token, STEPN aims to create a more engaging and rewarding environment for its users.

“The gaming token will unlock new possibilities within the STEPN ecosystem,” added Rong. “Users will be able to earn and utilize tokens in a variety of ways, making their experience more dynamic and rewarding.”

The launch of GO and the gaming token is set to roll out in the coming months, with STEPN planning a series of promotional events and community activities to introduce the new features to its users. The company is optimistic that these innovations will drive further growth and solidify STEPN’s position as a leader in the move-to-earn and blockchain gaming sectors.

As STEPN continues to innovate, the platform remains committed to providing a unique and rewarding experience for its users, blending physical activity, social interaction, and blockchain technology in a groundbreaking way.

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Binance tightens South African compliance rules for crypto transfers

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Binance is tightening compliance measures for crypto transactions in South Africa, announcing it will fully implement the country’s Travel Rule requirements beginning January 2025. The move aligns with regulations set by South Africa’s Financial Intelligence Centre (FIC) and reflects the exchange’s broader efforts to meet global anti-money laundering standards.

Under the new rules, Binance will require South African users to include verified personal information—such as names, addresses, and account details—when sending or receiving crypto between platforms. These changes are designed to increase transparency and traceability of digital asset transfers, making it harder for illicit actors to exploit decentralized networks.

Binance emphasized that users must complete know-your-customer (KYC) verification before transferring crypto to or from external wallets. Transfers to non-compliant platforms may be restricted or flagged, while internal transfers within Binance or to Travel Rule-compliant entities will remain unaffected.

The announcement follows South Africa’s decision in 2023 to designate crypto as a financial product, placing digital asset providers under the supervision of the FIC. The country has since taken steps to integrate crypto into its formal regulatory structure, including licensing requirements and mandatory reporting obligations.

With enforcement beginning in 2025, Binance urged users to familiarize themselves with the new procedures to avoid disruptions. The exchange also plans to provide additional guidance and tools to help users remain compliant as the deadline approaches.

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Ethereum bounces back as market dominance recovers from all-time low

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Ethereum has staged a notable recovery after recently experiencing its lowest market dominance since its early days. The turnaround comes as ETH surged nearly 4% in the past 24 hours, climbing back above the $3,100 mark and narrowing its underperformance gap relative to Bitcoin.

For much of 2024, Ethereum has trailed behind Bitcoin and a growing wave of altcoins, with its market share dropping below 15% — levels not seen since 2015. The slump was driven by investor focus on Bitcoin ETF momentum, lackluster institutional interest in ETH, and rising competition from layer-1 and layer-2 networks offering faster and cheaper alternatives.

Despite these challenges, Ethereum’s fundamentals remain strong. Data shows a healthy uptick in active addresses, transaction volumes, and total value locked in DeFi protocols built on Ethereum. Additionally, hopes remain high for the approval of a spot Ethereum ETF in the U.S., with analysts suggesting a potential turnaround in institutional flows if approved.

Traders are now watching whether this rebound signals a sustained trend reversal or just a temporary relief rally. With key upgrades and ecosystem developments still in the pipeline, Ethereum’s ability to regain dominance may hinge on reigniting both investor confidence and broader developer activity.

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SEC says it won’t re-file fraud case against Hex’s Richard Heart

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The U.S. Securities and Exchange Commission (SEC) has confirmed it will not pursue a retrial in its fraud case against HEX founder Richard Heart, effectively bringing an end to one of the agency’s high-profile crypto enforcement actions.

The decision follows a recent court ruling that dismissed several key allegations against Heart, including claims that he misled investors and violated securities laws through the promotion and sale of HEX, PulseChain, and PulseX tokens. While the SEC initially signaled it would consider further legal options, it has now opted to forgo additional litigation.

Heart, a controversial figure in the crypto world, had long denied the SEC’s accusations, framing the lawsuit as an overreach by regulators. The agency had alleged that Heart raised over $1 billion from investors while misrepresenting how funds would be used and failing to register the offerings.

With the SEC stepping back, the dismissal marks a rare instance in which the regulator has chosen not to continue a crypto-related fraud case, potentially signaling a reassessment of its approach amid growing legal pushback and mounting scrutiny over its enforcement tactics.

Although the case is now closed, legal analysts suggest the outcome could influence future regulatory efforts and may embolden other crypto founders facing similar challenges. Heart, meanwhile, has positioned the development as a vindication, reaffirming his stance that HEX and related projects were never in violation of U.S. securities laws.

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