Author: Kryptonews

Navigating the world of Bitcoin can feel overwhelming, especially when it comes to securing your digital assets. One of the first and most crucial decisions you’ll make is choosing the right Bitcoin wallet app. With a plethora of options available, understanding the different types and features is key to finding the perfect fit for your needs. Understanding Different Wallet Types Bitcoin wallets come in various forms, each offering a unique balance of security, convenience, and control. Understanding these differences is the first step in making an informed decision. Software Wallets: These wallets are apps that you install on your computer…

The EcoDev Research Team at the Ethereum Foundation is excited to announce the launch of five six-month research fellowship positions. This fellowship offers the opportunity for participants to dive deep into underexplored Ethereum use cases, identifying blockers and enablers that may affect their development. We invite researchers, developers, community members, and professionals from other industries to apply by submitting their background information and a one-page research proposal. We are looking for innovative ideas focused on nascent Ethereum use cases that: Materially and uniquely benefit from Ethereum’s capabilities.Focus on use cases that create positive sum outcomes and real-world benefits.Have yet to…

Bitcoin’s (BTC) break above the $107,000 threshold shows that the recent rally is driven by robust buying amid a consolidation just below its all-time high, Glassnode said in a May 20 report.Despite trading around 40% higher than six weeks ago and setting a new record with the latest weekly close at $106,500, Bitcoin was stuck between $102,000 and $105,000 for the past two weeks.The report noted that increased investor profitability and robust capital inflows indicate strength in the market.Investor profitability improvesShort-Term Holders (STHs) have experienced financial recovery, with 71% more of their supply in profit compared to the previous month.…

OpenSea, one of the largest NFT marketplaces, is well known for its trading platform, which allows users to buy and sell digital assets. But the company is continuing to expand its product footprint to appeal to other audiences like Web 2.0 brands, said Shiva Rajaraman, OpenSea’s chief business officer. “We look at the rest of this year, and there’s been a lot of talk about what the potential can look like,” Rajaraman told TechCrunch+. “This is the year we launch projects or surface some projects that actually have real benefit or utility.” The big journey right now is to “make…

Introduction to Blockchain in Finance Blockchain technology has emerged as a transformative force in the financial industry, promising to streamline transactions, reduce operational costs, and enhance transparency. Traditional financial systems often rely on intermediaries, leading to inefficiencies and higher fees. Blockchain, with its decentralized and immutable ledger, offers a solution by enabling peer-to-peer transactions while minimizing third-party involvement. This article explores blockchain’s impact on finance, focusing on its role in optimizing processes and cutting costs. How Blockchain Streamlines Financial Transactions Blockchain’s ability to facilitate direct transactions between parties eliminates the need for intermediaries like banks and clearinghouses. This decentralized approach…

Bitcoin’s price chart is a rich tapestry of past performance, hints of present sentiment, and clues about potential future movements. Understanding how to read and interpret this chart is fundamental for anyone engaging with Bitcoin, from casual investors to seasoned traders. This article delves into some general analysis techniques. Understanding Chart Types The most commonly used chart type for Bitcoin analysis is the candlestick chart. Each candlestick represents price movement over a specific period (e.g., 1 hour, 1 day, 1 week). The body of the candlestick shows the open and close price. If the closing price is higher than the…

A crypto strategist who nailed the Bitcoin top in January is warning that BTC’s recovery rally may witness an abrupt end. Pseudonymous analyst Bluntz tells his 318,200 followers on the social media platform X that Bitcoin appears to be forming a bearish divergence on the daily chart. The bearish reversal signal suggests that bullish momentum is waning even though an asset’s price is moving higher or sideways. Says Bluntz, “There’s a daily BTC bear div brewing here if it closes red by [today]. It’s unfortunate that it has appeared before fresh all-time highs, but it’s the first one since last…

The US Securities and Exchange Commission has delayed its decision on Bitwise’s application to add staking to its Ether exchange-traded fund and on Grayscale’s XRP ETF bid, which analysts had expected.The SEC said on May 20 that it needed to extend its decision on Bitwise’s application by 45 days to “consider the proposed rule change and the issues raised therein.” The agency needed to either decide or punt its decision by May 22.The agency also delayed deciding on Grayscale’s XRP (XRP) tracking ETF and Bitwise’s Solana (SOL) tracking fund while it seeks public comments and begins “proceedings to allow for…

To get the show every day, follow the podcast here.On “Markets Daily,” host Jennifer Sanasie speaks with Andy Baehr, managing director of CoinDesk Indices, about the “season finale” of crypto winter and the recent launch of the CoinDesk 20 Index.This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl, alongside Senior Booking Producer Melissa Montañez. All original music by Doc Blust and Colin Mealey.Audio Transcript: This transcript has not been edited and may contain errors.JENNIFER SANASIE:It’s Thursday, January 18th, 2024 and this is “Markets Daily” from CoinDesk. I’m…

The Environmental Cost of Digital Gold In the rapid expansion of cryptocurrencies, blockchain technology has emerged as both a revolutionary force and an unexpected environmental challenge. Proof-of-work (PoW), the consensus mechanism powering Bitcoin and other leading cryptocurrencies, relies on massive computations to validate transactions—creating a digital "gold rush" that comes at a significant ecological cost. How Proof-of-Work Impacts the Environment The core issue lies in the energy-intensive nature of PoW. Miners compete to solve complex mathematical problems, requiring powerful hardware (often high-end GPUs and ASICs) running 24/7. This energy consumption translates into real-world ecological consequences: Massive Electricity Demand: Bitcoin alone…