Author: Kryptonews

The Convergence of Fintech and Blockchain: Disrupting Traditional Finance The financial technology (fintech) industry has witnessed rapid growth in recent years, driven by the integration of blockchain technology into conventional financial systems. Startups leveraging blockchain’s decentralized, secure, and transparent architecture are reshaping how payments, lending, trading, and investments are handled. Below are some top startups leading this revolution: Disrupting Payments with Blockchain-Based Platforms One of the most significant advancements in fintech has been the development of blockchain-powered payment systems. Traditional cross-border transactions often face high fees and slow processing times, but blockchain eliminates intermediaries, making transactions faster and cheaper. Key…

Key Takeaways: Two regulated stablecoins, EURØP (euro) and USDB (dollar), have launched on the XRP Ledger, expanding its global footprint in tokenized finance. Both stablecoins are designed to serve institutional, DeFi, and real-world asset use cases, reflecting a push toward compliance-driven growth in digital finance. Ripple leaders see these launches as foundational for connecting regulated financial ecosystems across regions through XRPL’s infrastructure. The XRP Ledger (XRPL) has expanded its stablecoin ecosystem with the arrival of USDB, a new USD-pegged digital currency issued by Brazil’s Braza Group, and EURØP, a MiCA-compliant euro-denominated asset from Europe, according to an annoucement on May…

An American tourist in the United Kingdom was reportedly drugged by an individual posing as a taxi driver, who stole the tourist’s $123,000 in Bitcoin stored on a cell phone. According to a report from My London, Jacob Irwin-Cline went out to a London bar and had several drinks before calling an Uber to take him home.Cline said that he did not thoroughly check the details of the Uber ride on his phone and left with a random private cab driver resembling the Uber driver at first glance, but driving a different vehicle — a detail Cline would only discover…

Whale nets $23.73M ETH profit via Wintermute OTC trades amid $222M transfer spree. 600 BTC bought for $56.94M remains unsold, now worth $66.5M in unrealized gains. Wintermute facilitates massive ETH, BTC, and USDC flows, signaling institutional moves. A crypto whale has executed many over-the-counter (OTC) trades involving Ethereum and Bitcoin, resulting in a realized profit of $23.73 million. The transactions were facilitated through the trading firm Wintermute, which recorded over $222 million in on-chain activity within the same 24-hour period.  Blockchain data from Arkham Intelligence confirms that the Ethereum portion of the trade, 30,000 ETH, was sold just hours before…

Introduction to Ethereum and Polkadot Ethereum and Polkadot are two of the most influential blockchain platforms in the cryptocurrency and decentralized application (dApp) space. Both networks aim to enable decentralized computing and support smart contracts, but their architectures and goals differ significantly. Ethereum is the pioneer in the smart contract and decentralized application (dApp) space, while Polkadot is newer, designed for interoperability between independent blockchains. Core Architecture and Goals Ethereum Ethereum, launched in 2015, is built around a single blockchain that hosts all its smart contracts and applications. Its core strengths include: Smart Contract Execution: Ethereum’s EVM (Ethereum Virtual Machine)…

Artificial intelligence and decentralised finance will come under joint scrutiny this June at DefaiCon Istanbul, a dedicated event exploring how automated agents and DeFi protocols are intersecting across blockchain infrastructure.Scheduled for 26 June 2025, the conference will take place at the Hilton Istanbul Bomonti Hotel & Conference Center as part of this year’s Istanbul Blockchain Week and organised by EAK Digital—a leading London-based blockchain marketing and events agency.DefaiCon Istanbul will bring together software developers, researchers, investors, and company founders to examine the growing use of AI in blockchain-based systems—particularly in areas such as financial trading, protocol governance, and resource coordination.…

Rebeca Moen May 22, 2025 04:18 The Hong Kong Monetary Authority, in partnership with the Land Registry, has launched a new data-sharing initiative to streamline banking processes through the CDI-CDEG linkage. The Hong Kong Monetary Authority (HKMA) has announced a significant advancement in its data-sharing capabilities by successfully linking its Commercial Data Interchange (CDI) with the Land Registry (LR) through the government’s Consented Data Exchange Gateway (CDEG). This new integration, known as LR@CDI, is designed to streamline land search processes for participating banks, according to the HKMA. Streamlining Banking Processes The LR@CDI connection…

Though a majority of members of the US Senate voted to advance a bill to regulate payment stablecoins on May 20, high-ranking Democrats are planning to propose an amendment to the legislation to address President Donald Trump’s connections to the cryptocurrency industry.According to a May 22 Axios report, Senate Minority Leader Chuck Schumer and Senators Elizabeth Warren and Jeff Merkley will file an amendment to the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, to block a US president from profiting from stablecoins. The proposed amendment would come after 18 Democrats sided with Republicans in the…

Bitcoin, while groundbreaking in its inception as a decentralized electronic cash system, has faced scalability challenges. The base layer, designed for security and immutability, processes transactions relatively slowly and can be expensive during periods of high demand. This is where the Lightning Network, a layer-2 protocol built on top of the Bitcoin blockchain, steps in to offer a solution. What is the Lightning Network? The Lightning Network is essentially a system of payment channels that operate off-chain. Think of them as private ledgers between two participants who intend to transact with each other frequently. Instead of recording every single transaction…

Understanding Public and Private Blockchains Blockchain technology has revolutionized the way we think about decentralized systems, offering transparency, security, and immutability. However, not all blockchains operate in the same way—key differences lie between public and private blockchains. Understanding these distinctions is crucial for determining which model might shape the future of decentralization. Public blockchains, such as Bitcoin and Ethereum, are open and permissionless. Anyone can join the network, validate transactions, and participate in consensus mechanisms. This transparency and inclusivity are hallmarks of true decentralization, making public blockchains resistant to censorship and control by single entities. Private blockchains, on the other…