Author: Kryptonews

Zero-Knowledge Proofs: Privacy’s Game-Changer for Blockchain In 2025, zero-knowledge proofs (ZKPs) will redefine how blockchain technology balances privacy and transparency. ZKPs allow one party to prove the validity of a statement without revealing any underlying data, ensuring confidentiality in decentralized applications. This technology is crucial in use cases like trusted authentication, where users can verify identity without exposing sensitive information. The rise of ZK-Rollups, a scaling solution leveraging ZKPs, will significantly enhance transaction throughput for Ethereum and other Layer 1 chains. By bundling transactions off-chain and verifying them in zero-knowledge proofs, scalability increases without compromising security. DeFi protocols will adopt…

Key Takeaways: Brian Quintenz disclosed $3.4M in assets tied to crypto ventures. He pledged to recuse from conflicted matters and divest holdings if confirmed. His nomination signals a pro-crypto shift in U.S. financial regulation. Brian Quintenz, U.S. President Donald Trump’s nominee to lead the Commodity Futures Trading Commission (CFTC), has disclosed financial holdings and board positions that tie him closely to the crypto sector.Quintenz, a former CFTC commissioner from 2017 to 2021, reported at least $3.4 million in assets in paperwork filed with the U.S. Office of Government Ethics on May 25, according to Bloomberg.The disclosure includes stakes in venture…

Australia’s markets regulator has filed civil proceedings against Liang “Allan” Guo, the former director of Blockchain Global. Guo will face the court on “allegations relating to multiple breaches of his directors’ duties,” the Australian Securities and Investments Commission said in a May 28 press release.ASIC alleged Guo made multiple breaches of directors’ duties relating to his dealings with ACX Exchange customer funds, and claimed he made false and misleading statements about those dealings and failed to maintain proper books and records. The now-liquidated Blockchain Global operated the ACX Exchange from mid-2016 until December 2019, when it collapsed as customers could no longer…

Bitcoin, often hailed as the original cryptocurrency, functions on a decentralized network that enables peer-to-peer digital transactions without the need for traditional intermediaries like banks. Understanding how these transactions occur involves delving into the cryptography, data structures, and consensus mechanisms underpinning the Bitcoin blockchain. This article provides a technical overview of Bitcoin transfers. Understanding Bitcoin Transactions A Bitcoin transaction is essentially a digitally signed data structure that transfers value between Bitcoin addresses. These addresses aren’t actual physical locations, but rather cryptographic keys derived from a user’s private key. The private key allows a user to control the Bitcoins associated with…

The School of Visual Arts has become the latest New York campus to unionize, after 1,200 instructors voted 77% in favor of joining the United Auto Workers last week.  The bargaining unit, SVA Faculty United–UAW, now joins Columbia, New York University, and Parsons under the same labor umbrella and will seek its first contract this summer. Ballots were tallied by the Labor Relations Board in Manhattan on May 23. Adjunct faculty make up most of SVA’s teaching corps. According to labor organizers who spoke with Hyperallergic, which first reported the news, the adjunct model has eroded both financial security and…

Introduction to Smart Contracts Smart contracts are self-executing agreements written in lines of code that automatically enforce the terms of a contract when pre-defined conditions are met. Unlike traditional contracts, which rely on intermediaries and legal enforcement, smart contracts operate on blockchain technology—specifically, distributed ledgers that ensure transparency, immutability, and trust. This innovation is transforming finance and business by eliminating middlemen, reducing fraud, and enhancing efficiency in transactions. How Smart Contracts Work At their core, smart contracts define rules and penalties around an agreement in a way that is both transparent and tamper-proof. When a contract condition is triggered, the…

Darius Baruo May 26, 2025 05:49 The Hong Kong Mortgage Corporation Limited (HKMC) announces its 2024 financial results, noting key achievements and challenges in asset purchase, debt issuance, and mortgage insurance. The Hong Kong Mortgage Corporation Limited (HKMC) has released its 2024 financial results, showcasing a year marked by strategic initiatives and market challenges. According to the Hong Kong Monetary Authority, the HKMC continued to support Hong Kong’s economic stability and promote wider home ownership, despite an increasingly complex economic environment. Business Highlights In 2024, the HKMC acquired HK$3.9 billion in loan assets,…

White House AI and crypto czar David Sacks says the US could buy more Bitcoin if the government can fund the purchase in a “budget-neutral” way without a tax or adding to the growing national debt.Sacks told Gemini co-founders Cameron and Tyler Winklevoss during a May 27 fireside chat at the Bitcoin 2025 conference that while he “can’t promise anything,” a pathway does exist for the government to buy more Bitcoin (BTC).However, it would require convincing Commerce Secretary Howard Lutnick or Treasury Secretary Scott Besson to OK the buy and fund it “without a new tax or adding to the…

Bitcoin ATMs: Demystifying the Process for New Users Bitcoin ATMs, also known as BTMs, offer a convenient, albeit sometimes expensive, way to buy and sell Bitcoin (BTC) using cash. For newcomers to the cryptocurrency world, these machines can seem daunting. This beginner’s guide aims to demystify the process and provide essential information for using Bitcoin ATMs safely and effectively. Understanding What Bitcoin ATMs Are Essentially, Bitcoin ATMs are kiosks that allow you to purchase Bitcoin and, in some cases, sell it for cash. They are not ATMs in the traditional sense; they do not connect to your bank account. They…

Bitcoin vs. the Dollar: Can Crypto Replace Fiat Currency in the Future? Introduction The rise of Bitcoin and other cryptocurrencies has sparked debates about their potential to challenge or even replace traditional fiat currencies like the U.S. dollar. While Bitcoin has made significant strides since its inception in 2009, becoming a trillion-dollar asset and attracting institutional investors, it still faces significant hurdles before it can realistically compete with the dollar as a global reserve currency. This article explores the strengths and weaknesses of Bitcoin compared to the dollar, and whether crypto could replace fiat in the future. Key Advantages of…