Author: Kryptonews

In brief Coinbase released a few more worrying details about the data breach it reported last week. Strategy got hit with a class action lawsuit, then launched a “crown jewel” of a $2.1 billion stock offering. A trio of banks are mulling a stablecoin contender, but it would be used on a permissioned network. Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies.This week:Worrying details from CoinbaseThe data breach Coinbase told users and investors about last week has gotten a little more worrying.It’s not that more data has been stolen. But the company…

US-based spot Bitcoin exchange-traded-funds (ETFs) have recorded a total of $2.75 billion in inflows this week amid Bitcoin surpassing its January all-time high of $109,000.The $2.75 billion in inflows is approximately 4.5 times larger than the previous week’s $608 million, according to Farside data.BlackRock Bitcoin ETF continues inflow streakOn May 23, the final day of the trading week, spot Bitcoin (BTC) ETFs recorded $211.7 million in inflows. However, BlackRock’s IBIT was the only fund to post gains in the trading day, adding $430.8 million and extending its inflow streak to eight consecutive days. Grayscale’s GBTC led outflows with $89.2 million,…

Introduction The debate between Layer 1 (L1) and Layer 2 (L2) scaling solutions in blockchain technology often boils down to a fundamental trade-off: security vs. speed. While L1 solutions prioritize decentralization and security, L2 options focus on scalability and transaction throughput. This tension shapes how different blockchain networks approach performance, trust, and usability. Understanding Layer 1 Solutions L1 scaling refers to upgrades made directly to the blockchain’s core protocol to improve performance—without delegating work to secondary chains. These modifications often involve adjustments to block size, consensus mechanisms, or transaction verification methods. Advantages of L1 Scaling L1 solutions maintain the highest…

Bitcoin has captured the attention of investors worldwide, promising potentially high returns while also presenting a novel and volatile investment landscape. Understanding the intricacies of Bitcoin is crucial before allocating any funds. This article delves into the risks, rewards, and strategies associated with Bitcoin investment. Understanding the Potential Rewards of Bitcoin Investment Bitcoin’s allure stems from its potential for substantial returns. Several factors contribute to these potential rewards: Decentralization: Bitcoin operates independently of central banks and government control, offering a hedge against traditional financial systems, particularly during periods of economic uncertainty or geopolitical instability. This feature attracts investors seeking diversification…

“Art is not a thing; it is a doing.” – Paul Klee Today, the world of NFTs, which is a huge kingdom of its own, has taken the art arena by storm. Believe it or not, these digital assets that represent unique ownership of digital items have indeed skyrocketed in popularity as well as great value. Of course, although many different factors contribute to the cost/price of an NFT, certain key factors significantly influence its cost to a greater extent.In this blog post, I will give you a smooth ride into the top 5 factors that determine the price of…

A federal jury convicted former SafeMoon Braden John Karony on all charges in a crypto fraud scheme that siphoned millions from investors under false promises of decentralized finance security.The jury found Karony guilty of conspiracy to commit securities fraud, wire fraud, and money laundering after a 12-day trial in Brooklyn on May 21.Prosecutors accused Karony of lying to investors about SafeMoon’s locked liquidity pools while secretly accessing and draining the funds to buy luxury homes and vehicles.Karony now faces up to 45 years in prison. Jurors also ordered the forfeiture of approximately $2 million in real estate assets linked to…

President Donald Trump is facing scrutiny after speaking at a private event for top investors in his $TRUMP memecoin while standing behind a lectern emblazoned with the official presidential seal — a move that may violate federal law.The event took place Thursday at Trump National Golf Club in Virginia, where Trump addressed 220 investors in his cryptocurrency project.According to US law, the presidential seal cannot be used in any manner that could imply government approval or sponsorship. Violators can face fines or up to six months in prison.Trump, who arrived at the club aboard a military helicopter, praised attendees and…

The Rise of Layer-2 Solutions: Optimizing Blockchain Transactions Without Compromise Scalability: The Blockchains’ Big Challenge Blockchain technology has long been celebrated for its security and decentralization, but one critical challenge has always limited its mainstream adoption: scalability. The ability to process transactions quickly and efficiently has been a persistent bottleneck, especially for major networks like Ethereum. While Layer-1 solutions like sharding and protocol upgrades (e.g., Ethereum 2.0) are in development, another category of technologies has emerged to tackle scalability without sacrificing decentralization or security—Layer-2 solutions. What Are Layer-2 Solutions? Layer-2 solutions operate on top of existing blockchains (Layer-1) to enhance…

Key Takeaways: Cetus is offering a $6M bounty for the return of $56M in ETH stolen during a $223M exploit. Sui validators froze addresses linked to the hack, pausing $162M in compromised tokens. The incident sparked criticism over Sui’s centralization as token values, including CETUS, crashed. Cetus Protocol, a decentralized exchange built on the Sui blockchain, is offering a $6 million bounty to the hacker behind a $223 million exploit that rocked the platform earlier this week.The reward is part of a time-sensitive deal to recover a portion of the stolen assets — specifically, 20,920 ETH valued at around $56.3…

Today’s episode is sponsored by CME Group.To get the show every day, follow the podcast here.Today’s Stories:BitcoinShrooms: An Ordinals Auction’Bitcoin NFT’ Hysteria Comes to Sotheby’s as Super-Mario-Style Mushroom Character Tops $200KFrom our sponsors:CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.Disclaimer:This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by…