Author: Kryptonews

The Washington, D.C., street where 20th century painter Alma Thomas lived and created her renown abstractions was renamed “Alma Thomas Way” on Monday. The new “Alma Thomas Way” street signs can be found on the corners of 15th and Church streets and 15th and Q streets at either end of the block. For more than seven decades, the artist maintained a studio in the kitchen of the red brick home at 1530 15th Street, NW—a property that was originally purchased by her parents in 1907, when she was 16. Alma Thomas lived there until her death at 86 years old.…

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores a crypto IPO, Chainlink, Fed comments and more.Today’s episode is sponsored by CME Group and PayPal.To get the show every day, follow the podcast here.Today’s Stories:Dragon Is Latest Meme Stock Craze in China on Zodiac Year Hopes – BloombergGrayscale Chainlink Trust Zooms to 200% Premium, Indicating Institutional Demand for LINKStablecoin Issuer Circle Internet Said to Consider 2024 IPO – BloombergFrom our sponsors:CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. Participate in The Crypto Classic: Cryptocurrency Futures and Options Trading Challenge from Dec.…

The US Securities and Exchange Commission’s (SEC) new guidance on cryptocurrency staking is widely seen as a major win for the crypto industry and the push toward globally consistent digital asset regulation.In a May 29 statement, the SEC’s Division of Corporation Finance said “Protocol Staking Activities” such as cryptocurrencies staked in a proof-of-stake blockchain “don’t need to register with the Commission transactions under the Securities Act.”The agency’s new guidance marks a “major step forward” for the US cryptocurrency industry, said Alison Mangiero, head of staking policy at the Crypto Council for Innovation.“The SEC has now recognized what we’ve long argued:…

Navigating the world of Bitcoin can be exciting and lucrative. However, as tax season approaches, it’s crucial to understand the tax implications of your cryptocurrency activities to avoid potential penalties and ensure compliance. Bitcoin, and other cryptocurrencies, are generally treated as property by tax authorities, like the IRS in the United States, and are subject to capital gains taxes similar to stocks or bonds. Understanding Taxable Events with Bitcoin Many actions with Bitcoin can trigger a taxable event. It’s not just selling Bitcoin for fiat currency (like USD or EUR). Here’s a breakdown of common scenarios: Selling Bitcoin: This is…

The Problem of Counterfeiting in Global Logistics Counterfeiting is a multibillion-dollar problem that plagues global supply chains, with estimated losses reaching over $500 billion annually. Fake goods—ranging from pharmaceuticals and luxury apparel to electronics and food products—pose serious risks to consumer safety, regional economies, and brand integrity. The complexity of modern logistics, involving multiple stakeholders and layers of transactions, makes it difficult to track and verify product authenticity across the supply chain. How Counterfeiting Attacks Supply Chain Integrity Traditional supply chains rely on intermediaries and manual record-keeping, which creates vulnerabilities for malicious actors to insert counterfeit products at various stages.…

Understanding Bitcoin Security: Why Cold Storage Matters Bitcoin, while revolutionary, comes with the responsibility of self-custody. Unlike traditional bank accounts protected by institutions, you are solely responsible for safeguarding your Bitcoin private keys, which grant access to your cryptocurrency. If these keys are compromised, your Bitcoin can be lost, potentially irretrievably. This is where understanding different storage methods, particularly cold storage, becomes crucial. What is Cold Storage? Cold storage refers to storing your Bitcoin private keys offline, away from the potential vulnerabilities of internet-connected devices. Think of it like burying treasure in a secure location. Because the keys are not…

Non-fungible token (NFT) marketplace OpenSea has launched its new platform, OS2, concluding its beta phase.The company said the updated platform allows full token trading across 14 blockchains, including support for fungible tokens on Solana. It also introduces tools that aim to enhance crosschain functionality. These changes signal a shift for OpenSea, positioning it as a more comprehensive platform beyond NFTs. OpenSea chief marketing officer Adam Hollander told Cointelegraph that the platform always believed in a broader idea that everything onchain should be liquid and discoverable in one place. “OS2 lets a collector mint an NFT on Solana, swap a gaming token on…

While the collective crypto market has witnessed significant recovery this month, there is a growing disconnect in risk appetite among market participants. Investors are correctly positioned for Bitcoin’s rally, but similar optimism in the altcoin space has resulted in heavy losses, shows a recent report. Trader Missteps in Altcoins Since the approval of spot Bitcoin ETFs in January 2024, there has been a notable divergence has emerged in the liquidation patterns of BTC and altcoins. Data from Binance reveals that the largest cryptocurrency experienced a dominance of short liquidations totaling $190 million. This trend, according to a new analysis by…

The US Securities and Exchange Commission (SEC) has issued new guidance clarifying that common forms of crypto staking do not fall under securities laws.On May 29, the SEC’s Division of Corporation Finance confirmed that those participating in staking activities, including self-staking, delegated staking, custodial, and non-custodial forms, are not required to register these actions with the financial regulator.The financial regulator stated:“It is the Division’s view that participants in Protocol Staking Activities do not need to register with the Commission transactions under the Securities Act, or fall within one of the Securities Act’s exemptions from registration in connection with these Protocol…

Introduction to Blockchain Optimization Blockchain technology, known for its cryptographic security and decentralized transparency, is revolutionizing operational efficiency across industries. Beyond its role in cryptocurrencies, blockchain optimizes processes by eliminating intermediaries, enhancing data integrity, and automating workflows. This results in significant cost savings and streamlined operations, making it an essential tool for businesses seeking leaner, more resilient systems. Transparency and Reduced Fraud One of blockchain’s core strengths is its immutable ledger, which ensures all transactions are tamper-proof and auditable in real time. This transparency reduces fraud risks, particularly in sectors like supply chain management and financial transactions. By verifying authenticity…