Author: Kryptonews

The Hidden Cost of Crypto: Blockchain’s Energy Crisis The rapid growth of cryptocurrencies and blockchain technology has attracted global attention for its potential to disrupt traditional finance and commerce. However, beneath the hype lies a growing environmental crisis—blockchain’s colossal energy consumption. The decentralized, peer-to-peer system that powers cryptocurrencies like Bitcoin, Ethereum, and others relies on complex mathematical computations that require immense computational power, driving unsustainable energy demands that imperil Earth’s climate. The Problem: Proof of Work (PoW) and Its Environmental Toll At the heart of blockchain’s energy crisis is Proof of Work (PoW), a consensus mechanism used by many major…

Procoin has launched an airdrop for holders of the Farcaster Pro NFT. Here’s what you need to know about checking and claiming your PROCOIN.About FarcasterFarcaster is a decentralized social networking protocol built on Ethereum and Optimism, designed to give users ownership over their identity and data. Unlike traditional platforms, Farcaster stores user identities on-chain, while posts and interactions are kept off-chain to optimize performance and reduce costs.In May 2024, Farcaster successfully raised $150 million in a Series A funding round led by Paradigm, with participation from a16z crypto, Haun Ventures, and others. Valued at $1 billion, the project has emerged…

Key Takeaways MicroStrategy has purchased 4,020 Bitcoin for $427 million, marking its seventh consecutive week of accumulation. The company now holds 580,250 Bitcoin, with unrealized profits exceeding $23 billion. Share this article Michael Saylor hinted at Strategy’s possible Bitcoin purchase in the final week of May, amid Bitcoin’s dip below $105,000 — a move that would mark the company’s eighth straight week of BTC acquisitions.On Sunday, Saylor posted Strategy’s Bitcoin portfolio on X with the caption, “Orange is my preferred color.” Such posts frequently come ahead of a Bitcoin purchase announcement, typically made on Mondays. Orange is my Preferred Color…

Key points:Bitcoin remains stuck below $105,000 during the weekend, but the downside looks limited.Any relief rally in Bitcoin is likely to propel ETH, HYPE, TAO, and QNT higher.Bitcoin (BTC) remains stuck below the $105,000 level during the weekend, indicating that the sellers have maintained their pressure. CryptoQuant said in its latest report sent to Cointelegraph that “some of Bitcoin’s demand metrics may be reaching a short-term top, which could imply a pause in the current rally.”On the downside, analysts anticipate Bitcoin to find support at the psychologically crucial level of $100,000. Even if the level cracks, the downside looks limited.…

In today’s interconnected world, where data is constantly traversing networks and residing on numerous devices, prioritizing security is no longer optional – it’s a critical necessity. A security-focused approach permeates every level of an organization, from basic IT infrastructure to employee training, and its importance cannot be overstated. It’s about building a robust defense against a constantly evolving threat landscape. Why Prioritize Security? The reasons for adopting a security-focused mindset are numerous and far-reaching. Data breaches, ransomware attacks, and other cyber threats can result in significant financial losses, reputational damage, legal repercussions, and operational disruptions. Beyond the tangible costs, a…

Technical & Deeper Dive: Unveiling the Hidden Layers of Modern Technology Introduction to Technical Deep Diving Technical deep diving is the practice of exploring the underlying mechanisms, architectures, and complexities of modern systems, software, or technologies. Unlike superficial analysis, it demands an exhaustive understanding of how things work at their core. From the intricacies of algorithms to the interactions of hardware components, deep dives unlock insights that can improve efficiency, security, and innovation. Whether in artificial intelligence, cybersecurity, networking, or data science, deep dives expose the internal logic and hidden dependencies that shape the digital world. For engineers, researchers, and…

Strategy co-founder Michael Saylor posted the Bitcoin (BTC) chart signaling an impending BTC acquisition by the company, marking week eight of consecutive purchases by the company during this latest buying stint.”Orange is my preferred color,” Saylor wrote to his 4.4 million followers on X — a number that has been steadily growing over the past two years as the Strategy co-founder commands increased media attention due to the company’s corporate treasury plan.The company’s most recent Bitcoin acquisition on May 26 of 4,020 BTC, valued at roughly $427 million at the time of purchase, brought Strategy’s total holdings to 580,250 BTC.Strategy’s…

Key NotesPSG fan token took an 18% dive in the past 24 hours.Both finalists saw a notable increase in their fan token trading volumes.The market cap of fan tokens declined by almost 4%. Paris Saint-Germain Fan Token (PSG) recorded a $4 million drop in its market value to $18 million in the past 24 hours. PSG is down 18% in the past 24 hours and is trading at $1.97 at the time of writing. The asset fell behind OG Fan Token’s $19.5 million market cap. The drop in the token’s value came while the French football club won the UEFA…

The best crypto wallets in 2025 are Best Wallet, Ledger, Trezor, Exodus, Zengo, Trust Wallet, MetaMask, Coinbase Wallet, Tangem, and Phantom. The best cryptocurrency wallet is a secure digital tool used to store, send, and receive cryptocurrencies safely. To choose the best wallet for crypto, you need to consider factors such as security, ease of use, compatibility, functionality, and supported coins.This guide will cover the best crypto wallets and explain what a crypto wallet is and the different types. We will also explain how to choose a crypto wallet and give a step-by-step guide to set up a Bitcoin wallet.First,…

With The Merge now firmly behind us, protocol developers have been making progress across a (record?) number of areas over the past few months. Withdrawals, danksharding, EOF, verkle tries, history expiry, SSZ and more have all seen significant progress recently! In order to help move each of these threads forward, and to run through one more series of Shapella stress tests, client team members gathered in person for a week-long interop event in Austria: Edelweiss 🏔️ Unlike Amphora, which had a singular focus on The Merge, this event had two major tracks, focused on the Shapella and ProtoDanksharding network upgrades…