Author: Kryptonews

Created in 2009, Bitcoin was designed to disrupt the traditional financial industry, and its popularity continues to rise. But like many people, you may ask yourself, what can you buy with Bitcoin? The truth is that you will be surprised to make this discovery.The initial vision for Bitcoin was a peer-to-peer electronic cash system. Still, Bitcoin payments are increasingly becoming the order of the day, even among some of the biggest brands, mostly with online stores. Thousands of e-commerce stores and sites have developed systems that instantly convert Bitcoin to fiat currency, eliminating the volatility risk.The story continues, from paying…

Blockchain App Development Challenges (And How to Solve Them) Introduction Blockchain technology offers transparency, security, and decentralization, making it attractive for various industries. However, developing blockchain applications comes with unique challenges, from scalability and regulations to smart contract vulnerabilities and high development costs. Addressing these issues is crucial for building successful blockchain applications. 1. Scalability Issues Many blockchain networks, including Bitcoin and Ethereum, face scalability limitations. Transactions per second (TPS) are often low, leading to slow processing times and high fees, especially during peak usage. Solutions: Layer-2 scaling solutions (e.g., Polygon, Optimism) improve transaction throughput without sacrificing security. Sharding techniques…

Key Takeaways: BitMEX uncovered major security flaws in North Korea’s Lazarus Group. A rare IP leak exposed a hacker’s location in China. G7 leaders plan to address North Korea’s growing crypto thefts at their upcoming summit. BitMEX’s security team has exposed significant operational weaknesses within the Lazarus Group, the North Korean state-sponsored cybercrime network responsible for a string of high-profile crypto hacks.In a recent counter-operations probe, BitMEX researchers identified technical missteps that revealed parts of the group’s infrastructure.Among the discoveries were exposed IP addresses, an accessible database, and tracking algorithms used by the group in its campaigns.Rare Slip Exposes Lazarus…

French authorities have charged 25 individuals, including six minors, over a series of kidnappings and attempted abductions linked to the country’s cryptocurrency sector.The group, aged between 16 and 23, faces charges connected to multiple plots targeting prominent crypto figures and their families, Le Monde reported, citing an announcement from the Paris public prosecutor’s office on May 31.Per the report, eighteen suspects are now in pre-trial detention, three have requested a deferred hearing, and four remain under judicial supervision.The investigation centers on a failed May 13 abduction attempt in Paris’ 11th arrondissement. The targets were the daughter and grandson of Pierre…

Bitcoin’s price volatility is often seen as its biggest hurdle to mainstream adoption. However, beneath the surface, data from various Bitcoin exchanges is painting a picture of growing institutional interest, suggesting a maturation of the cryptocurrency market. This shift could have significant implications for Bitcoin’s long-term stability and value appreciation.## Evidence From the Order BooksA key indicator of institutional involvement is the size and depth of order books on major exchanges. Traditionally, retail traders dominate these platforms with smaller, more frequent orders. However, recent analyses reveal the emergence of larger “whale” orders, suggesting institutional players executing strategic positions. These larger…

Introduction to the Smart Factory The modern manufacturing sector is undergoing a radical transformation with the rise of Industry 4.0, a trend driven by digital technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), and Blockchain. At the heart of this revolution lies the Smart Factory, where automation, real-time data analytics, and secure peer-to-peer transactions streamline processes and optimize efficiency. The convergence of IoT and Blockchain in particular is redefining factory operations, offering unprecedented levels of transparency, security, and automation. How IoT and Blockchain Enhance Smart Factories Smart Factories leverage IoT sensors to collect continuous data across the…

An auction of personal belongings from Silk Road founder Ross Ulbricht has brought in more than $1.8 million worth of Bitcoin as collectors vied for pieces of crypto history.Ulbricht, who was pardoned by former President Donald Trump earlier this year, offered a range of items through Bitcoin-only marketplace Scarce City.The collection included personal effects from before his 2013 arrest — such as a sleeping bag, backpack, and drum — as well as prison memorabilia like a lock, notebook, clothing, and several paintings created while incarcerated.“I’ve left Arizona, the state where I was in prison. It’s time to travel. That means…

Key NotesSui and Cetus Protocol have shared the latest update on recovering stolen funds.The embattled protocol has secured approval to send $162 million to a multisig wallet from 90% of validators.The hacker was offered a $6 million white-hat bounty reward, which has not been paid yet. . Recently hacked Cetus Protocol took to X to inform its users and the general public of its progress in recovering the stolen funds. It stated that it had received approval via the on-chain vote to transfer quarantined funds to a multisig trust account. Cetus Recovery Proposal Receives Support Through On-chain Vote The Sui…

Alvin Lang May 31, 2025 15:58 Linea has transitioned from extensive research in zero-knowledge technology to launching its testnet and Alpha mainnet, impacting the gaming, DeFi, and NFT sectors. Linea has emerged as a pivotal player in the blockchain space, having evolved from rigorous research into zero-knowledge technology to the launch of its testnet and Alpha mainnet. According to Linea.Build, the company’s journey began seven years ago, driven by a vision to harness the potential of zero-knowledge proofs, a cryptographic method enabling privacy-preserving transactions. From Research to Reality The development of Linea’s technology…

In May, the total amount stolen from crypto hacks declined drastically compared to April, with the largest incident making up around 90% of the month’s total, according to a blockchain security firm.The decline comes as the crypto industry has been stepping up its efforts to stay ahead of hackers. “In May 2025, ~20 major crypto hacks were recorded, resulting in total losses of $244.1M — a 39.29% decrease from April,” blockchain security firm PeckShield said in a May 31 X post.The majority of funds from the month’s largest hack were frozenThe most significant hack of the month occurred on the…