Author: Kryptonews

Sui is gaining attention for its unique object-centric model and parallel transaction execution, supporting DeFi, NFT marketplaces, and Web3 gaming. It is a layer 1 blockchain designed for high-speed, low-cost transactions, smart contract deployment, and scalable applications.In this guide, you’ll learn what Sui crypto is, how the SUI token works, the structure of its ecosystem, top projects and applications, and key considerations for investors and developers exploring the network in 2026. What is Sui (SUI)?Sui is a layer-1 blockchain designed to process transactions quickly, cheaply, and at scale, without the usual trade-offs that many other blockchains face. Sui takes a different…

Ethereum co-founder Vitalik Buterin has called for a strategic pivot in how blockchain technology interfaces with AI or artificial intelligence, warning against the “unchecked speed” of current AGI development. In a post on X from yesterday, Buterin argued that Ethereum should serve as critical infrastructure to guide AI development toward verifiable and decentralized outcomes rather than simply accelerating model power. Two years ago, I wrote this post on the possible areas that I see for ethereum + AI intersections: https://t.co/ds9mLnrJWm This is a topic that many people are excited about, but where I always worry that we think about the…

Peer-to-peer crypto exchange Paxful has been ordered to pay $4 million after admitting it knowingly profited from criminals who used its platform because of its lack of anti-money laundering checks.The Justice Department said on Wednesday that Paxful was sentenced to pay the fine after pleading guilty in December to conspiring to promote illegal prostitution, knowingly transmitting funds derived from crime and violating anti-money laundering requirements.“Paxful profited from moving money for criminals that it attracted by touting its lack of anti-money laundering controls and failure to comply with applicable money-laundering laws, all while knowing that these criminals were engaged in fraud,…

Lombard said it plans to launch Bitcoin Smart Accounts, designed to allow Bitcoin held in institutional custody to be used as onchain collateral without moving the asset or transferring control to a third party.According to an announcement shared with Cointelegraph, following a launch this quarter, custodied Bitcoin will be recognized onchain through a receipt token, BTC.b, enabling institutions to access lending and liquidity venues while retaining legal ownership and existing custody arrangements. Lombard said the framework targets asset managers, corporate treasuries and other institutional holders whose Bitcoin (BTC) remains idle in qualified custody. Pilots are underway with select institutional clients,…

Sam “SBF” Bankman-Fried claims to have “new evidence“ that the US Department of Justice (DOJ) under former President Joe Biden silenced key witnesses in his fraud case, as he pushes for a new trial.“New evidence shows that Biden’s DOJ threatened multiple witnesses into silence or into changing their testimony. My conviction should be thrown out,“ said SBF in his latest X post from prison on Wednesday.He linked to a court filing seeking a new trial under Federal Rule of Criminal Procedure 33. The motion, submitted Thursday, references a declaration from a former FTX employee and follows earlier reporting that SBF…

Africa recorded the highest median stablecoin-to-fiat conversion spreads among tracked regions in January, according to data observed by payments infrastructure company Borderless.xyz, covering 66 currency corridors and nearly 94,000 rate observations.The regional median spread was 299 basis points, or about 3%, compared with about 1.3% in Latin America and 0.07% in Asia. In Africa, conversion costs ranged from about 1.5% in South Africa to nearly 19.5% in Botswana. The data measures “spreads,” or the gap between a provider’s buy and sell rate for a stablecoin-to-fiat pair. Similar to a bid-ask spread in traditional markets, it reflects the execution cost paid when…

The World Monuments Fund (WMF) has announced that it will commit $7 million in 2026 to support 21 new preservation projects. Founded in 1965 and originally known as the International Fund for Monuments, the New York–based WMF has for the last 60 years worked to preserve more than 700 heritage sites across the globe. The organization’s 2026 funding will go to projects at places included on the organization’s 2025 World Monuments Watch List—a biannual, nomination-based list of 25 sites worldwide that are being affected by climate change, natural disaster, unsustainable tourism, and conflict—as well as to programs at additional locations…

In a bold and potentially controversial move, Chinese-based Bitcoin mining company Cango Inc. has announced the liquidation of $305 million worth of Bitcoin (BTC) from its corporate treasury. According to the company’s official statement, the massive sell-off was strategically executed to deleverage its balance sheet and reallocate capital toward its new venture into the burgeoning artificial intelligence (AI) sector. While on the surface this action might appear bearish for the cryptocurrency market, especially Bitcoin, a deeper analysis reveals a different narrative—one that might be interpreted as a unique buying opportunity for contrarian investors.Cango’s decision to offload such a substantial amount…

Coinbase has launched crypto wallet infrastructure that allows AI agents — programs that can think and transact without human input — to spend, earn and trade crypto. In a post on Wednesday, Coinbase programmers Erik Reppel and Josh Nickerson said the new Agentic Wallets feature aims to build on today’s agents, which can answer questions, summarize documents, and assist with tasks, but can’t execute trades or orders on behalf of users.“The next generation of agents won’t just advise — they’ll act,” the pair said, adding that AI agents will be able to do everything from monitoring decentralized finance positions and rebalancing…

Paxful Holdings, which pleaded guilty last year to accusations from U.S. authorities that it had fostered illegal prostitution, violated money-laundering laws and knowingly handled criminal proceeds, was sentenced to pay a $4 million penalty, much reduced because of the business’ current ability to pay.The peer-to-peer bitcoin BTC$67,564.49 marketplace that had been popular in Africa shut down in 2023, but Paxful had processed as much as $3 billion in crypto trades from 2017 to 2019, according to U.S. authorities, including transactions for customer Backpage, an advertising platform for illicit sex work.”This sentence sends a clear message: companies that turn a blind…