Author: Kryptonews

The Bitcoin network is gearing up for its next halving event, a pre-programmed mechanism that occurs roughly every four years. This event significantly impacts the bitcoin supply and, consequently, its price dynamics. Here’s a breakdown of what you need to know. Understanding the Bitcoin Halving The Bitcoin halving refers to the process where the reward given to miners for verifying transactions and adding new blocks to the blockchain is cut in half. When Bitcoin was created, miners received 50 BTC for each block. That reward has halved twice, first to 25 BTC, then to 12.5 BTC. The current reward is…

An investor has sold a CryptoPunk non-fungible token (NFT) at a nearly $10 million realized loss, reflecting the continued decline in the once-booming blue-chip NFT market.A whale, or large cryptocurrency investor, sold a CryptoPunk NFT for 4,000 Ether (ETH) worth more than $6 million at the time of writing.The investor originally purchased the NFT for 4,500 ETH, or roughly $15.7 million, a year ago, according to blockchain analytics firm Lookonchain.“Did he only lose 500 $ETH($774K)? No—he actually lost $9.73M!” Lookonchain wrote in an X post. “When he bought it, $ETH was trading at $3,509. By the time he sold, $ETH…

Bitcoin’s journey has been anything but predictable. From its humble beginnings as a niche technology to its current status as a global asset, its price has experienced dramatic peaks and valleys, captivating and sometimes terrifying investors along the way. Understanding this history is crucial for anyone looking to navigate the often turbulent waters of the cryptocurrency market.## The Early Days: Genesis Block to PizzaBitcoin’s early days were characterized by minimal value. In 2009 and 2010, it was primarily used by a small community of developers and cypherpunks. There was no established exchange rate, and users primarily traded with each other…

The Rise of NFTs: More Than Just Digital Art In 2021, the term "NFT" (Non-Fungible Token) entered mainstream consciousness, largely due to record-breaking sales of digital art and collectibles. However, the true potential of NFTs extends far beyond JPEGs and profile pictures. At their core, NFTs are unique digital assets stored on blockchains, offering proof of ownership in a verifiably scarce ecosystem. Whether it’s virtual real estate, digital music rights, or even secured physical goods, NFTs are revolutionizing how we perceive ownership in the digital age. How NFTs Challenge Traditional Ownership Models Traditional ownership is often cumbersome—think of art certificates,…

In brief Etherealize co-founder Vivek Raman often describes Ethereum as “digital oil.” The analogy dovetails with Bitcoin’s portrayal as “digital gold,” but falls short in some ways. Tokenization could drive Ethereum’s value as a global neutral asset, he argues. For well over a century, oil has been viewed as a strategic commodity, playing an essential role in transportation and manufacturing, among other critical industries. For Ethereum’s proponents, drawing comparisons has been useful—but even then, the analogy is far from perfect.When Vivek Raman introduced Etheralize in January, the former banker and business development firm’s co-founder formalized efforts to onboard Wall Street.…

Key points:Bitcoin joins risk assets in a knee-jerk reaction to the latest instalment of the US trade war, this time focused on the EU.BTC price action dives up to 4% before recovering with $110,000 now a resistance level.Traders demand that price holds higher levels going forward to protect bullish momentum.Bitcoin (BTC) saw flash volatility into the May 23 Wall Street open as news headlines liquidated longs.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin trips as Trump says EU talks “going nowhere”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $107,367 on Bitstamp before rebounding.This marked daily losses of up to…

The cryptocurrency world is constantly buzzing, and at the center of it all is Bitcoin. Its price volatility frequently captures headlines, and everyone, from seasoned investors to casual observers, wants to know: What’s next? This article dives into the latest price predictions, examining various factors influencing Bitcoin’s future trajectory. Current Market Sentiment Right now, market sentiment surrounding Bitcoin is a mixed bag. We’re seeing a pull between optimism fueled by potential regulatory approvals of spot Bitcoin ETFs and lingering anxieties over macroeconomic factors like inflation and interest rate hikes. News of institutional adoption continues to trickle in, boosting confidence among…

The Resilience of Blockchain: Can It Overcome Security Threats to Secure Web3’s Future? Introduction to the Challenge Blockchain technology has long been hailed as the foundation of a secure, decentralized internet—Web3. Its promise of transparency, immutability, and resilience against censorship has attracted billions in investment and fostered widespread adoption. However, like any emerging technology, blockchain is not without vulnerabilities. Recent high-profile hacks, smart contract exploits, and cross-chain bridge failures have raised critical questions about the long-term survival and security of decentralized networks. The question now is not whether blockchain has potential, but whether it can overcome these threats to become…

If you’ve ever wanted to have your Solana wallet on your wrist while flexing your wealth, Swiss watchmaker Franck Muller is making that a reality.The watch market is stepping into the Web3 ecosystem with a Solana-inspired, limited-edition series of watches that contain an embedded unique QR code to directly link to the user’s Solana address.The company’s Solana-inspired watch collection is limited to 1,111 units that will set buyers back 20,000 Swiss francs (around $24,300).While the watches feature a unique design that could appeal to Solana ecosystem participants, their launch comes at a time when, unfortunately, flaunting crypto-related wealth is becoming…

American economist Kenneth Rogoff believes that the rise of crypto poses a threat to the hegemony of the U.S. dollar.Rogoff previously served as the chief economist at the International Monetary Fund (IMF) and on the Federal Reserve Board. He is a published author and an economics professor at Harvard University.In an interview with Bloomberg, Rogoff said that while the U.S. dollar is still the most dominant global currency, its influence is decreasing.“I see it [dollar’s dominance] as in decline — it’s fraying at the edges where, of course, the renminbi is breaking free of the dollar, the euro is going…