Author: Kryptonews
Introduction to Blockchain Beyond Cryptocurrency Blockchain technology has often been associated solely with cryptocurrencies like Bitcoin, but its potential extends far beyond digital currency. At its core, blockchain is a decentralized, immutable ledger that records transactions across a network of computers. This technology ensures security, transparency, and efficiency—a combination that makes it valuable in various industries, from finance and healthcare to supply chain management and voting systems. Key Advantages of Blockchain Technology One of the primary benefits of blockchain is its ability to eliminate intermediaries, reducing transaction costs and speeding up processes. Its cryptographic security measures also make it resistant…
Key Takeaways:A class-action lawsuit accuses Coinbase of illegally collecting and sharing users’ biometric data.Plaintiffs allege Coinbase failed to inform users about how their facial data was collected, used, and stored.Over 10,000 arbitration claims have reportedly been dismissed after Coinbase refused to pay arbitration fees.A new class-action lawsuit filed in Illinois could mark a turning point in how crypto exchanges handle biometric data. Coinbase is under legal fire for allegedly violating Illinois’ stringent biometric privacy laws by collecting and sharing users’ facial data without proper consent.Read More: Coinbase Breaks Barriers: First-Ever Crypto Company Added to the S&P 500 IndexCoinbase Accused of…
We’re excited to announce that applications for the Next Billion Fellowship Program are now open! What is the Next Billion Fellowship Program? The Next Billion Fellowship Program is a search for stories – tangible, human stories that show how Ethereum is helping communities address the challenges they face. Whether it’s implementing digital badges and wallets for millions of scouts worldwide, creating more efficient and affordable crop insurance for smallholder farmers in Kenya, or exploring the role of decentralized systems during humanitarian crises in Syria, each Fellow’s story helps us see Ethereum’s role in human society, not as an abstract technology,…
Solana-based meme coins are reportedly getting significant attention nowadays as seen in the rising whale interest. As per the latest data from Lookonchain, the whale has recently gained a huge profit of up to $650K in the Solana ecosystem-based meme coins over past few days. The prominent on-chain analytics platform disclosed this event on its official social media account on X. Whale Investor Spends 5.86M in Solana Meme Coin to Get Notable $650K Lookonchain’s data reveals that the whale has obtained a massive profit of nearly $650K after investing $5.86M in Solana meme coins. Thus, the whale’s investment has garnered…
Blockchain technology has evolved far beyond its origins in cryptocurrency, transforming industries from finance to supply chains. Its transparent, secure, and decentralized nature makes it a powerful tool for modern business. Here’s a breakdown of blockchain’s core principles and its impact across sectors. What is Blockchain? At its most basic, blockchain is a distributed ledger that records transactions across multiple computers in a network. This decentralized structure ensures data integrity and security, as any changes require consensus from network participants. Unlike traditional databases, blockchains are immutable—meaning once data is verified and added, it cannot be altered or deleted. Each block…
Dear Lumoz Community, We’re thrilled to announce that the Lumoz OG NFT event will officially launch on November 12 at 16:00 (UTC+8)! To celebrate this historic moment and prepare for our upcoming mainnet, Lumoz will be rolling out a series of exciting events, giving you the chance to acquire NFTs of various rarities, unlock esMOZ in advance, and dive deeper into Lumoz’s mainnet journey!Obtain Lumoz OG NFTs now at Lumoz Official Website!Introduction to Lumoz OG NFT The Lumoz OG NFT collection consists of one million NFTs in three different rarity levels: Sly (Slytherin), Puff (Hufflepuff), and Claw (Ravenclaw). Each represents the…
South Korea’s biggest crypto exchange by trading volume, Bithumb, has bounced back, easily regaining more than a quarter of the country’s total digital currency trading volume ahead of its anticipated $1 billion IPO in late 2025. The rise is a welcome return to form for Bithumb, which has had a torrid 12 months. Founded in 2014 under the name Xcoin and rebranded in 2015, Bithumb once ruled the roost in South Korea with over 70% of trading volumes. However, the exchange began to fade after suffering hacks, including one in 2018 that saw it lose about $30 million. Meanwhile, rival Upbit rose…
The US Securities and Exchange Commission’s sole Democratic Commissioner has said the agency is “playing a game of regulatory Jenga” with its approach to the crypto industry and market regulation under the Trump administration. In May 19 remarks at the SEC Speaks event, Commissioner Caroline Crenshaw cautioned against what she described as a dangerous dismantling of “discrete but interrelated rules” on crypto and the wider market.She likened market stability to a “Jenga tower” that the agency’s rules had “carefully developed over the years,” which could topple if some rules were removed.In addition to a lamentable loss of staff, Crenshaw said…
Understanding Cryptocurrency Taxes: A Guide for Investors Investing in cryptocurrency can be exciting, but understanding the tax implications is crucial to avoid legal and financial troubles. Whether you’re trading Bitcoin, Ethereum, or newer altcoins, every transaction can have tax consequences. HowCryptocurrency is Taxed Cryptocurrency is treated as property by most tax authorities, including the IRS in the United States. This means that buying, selling, trading, or even earning crypto through mining or staking can trigger capital gains or losses. Capital Gains: If you sell or trade crypto for a profit (e.g., selling Bitcoin for more than you bought it for),…
Leading legal and financial experts have cautioned political leaders that stablecoin adoption plans pose a danger to the South Korean economy.Per the newspaper Chungnyun Ilbo, experts say that US dollar-based stablecoins could have an impact on exchange rates and fiat currencies.Stablecoin Danger for South Korean Economy?The comments came at a digital assets-themed meeting of the Korea Economic Association at the FKI Tower Conference Center in Yeouido, Seoul, on May 19.The FKI Tower Conference Center in Yeouido, Seoul, South Korea. (Source: FKI TV/YouTube/Screenshot)An expert panel expressed concerns about the possible proliferation of dollar-based stablecoins in South Korea.The panel argued that stablecoin…
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