Author: Kryptonews

The net worth of Top 200 collector, businessman and art patron Leonard Blavatnik has fallen by more than £3.5 billion ($470 billion) in the last year, according to the latest edition of the Sunday Times’s “Rich List.” The annual ranking of the wealthiest people based in the UK showed Blavatnik’s net worth fell to £25.725 billion ($34.4 billion) last year, causing his ranking to fall one spot to #3. The Ukrainian businessman made his money from early investments in aluminum and energy companies as they were being privatized during the dissolution of the Soviet Union. Blavatnik’s wealth also comes from…

Crypto exchange Binance has asked a US federal judge to send all members of a class-action lawsuit alleging it sold securities to arbitration, arguing that the group waived their ability to form a class action under the company’s terms.The exchange said in a May 16 filing to a New York federal court that its terms of service, which it claimed the class group agreed to, has a clause that users agree to arbitrate all claims, along with a clause preventing users from launching class actions against the crypto exchange.“The Court should hold that Plaintiffs are required to arbitrate claims that…

The Unsustainable Truth of DeFi Decentralized finance (DeFi) has been hailed as the future of blockchain, promising transparency, accessibility, and innovation in financial services. However, beneath its disruptive facade, DeFi conceals an alarming environmental cost that threatens its longevity. While proponents emphasize its efficiency and security, the ecological toll of DeFi transactions—energy consumption, e-waste generation, and carbon emissions—cannot be ignored. The very foundations of decentralized finance may be undermining the sustainability of blockchain itself. Energy Consumption: The Hidden Cost of Consensus Mechanisms DeFi relies on underlying blockchain networks, many of which operate on proof-of-work (PoW) consensus mechanisms. Ethereum, the dominant…

Tony Kim May 19, 2025 21:11 Town Star announces a limited-time NFT sale offering significant discounts on exclusive items like the Rover Robot Dog and Supreme Silo, running from May 19 to May 25, 2025. Exclusive NFT Sale Town Star, a popular blockchain-based game by Gala Games, has announced a special NFT sale set to run from May 19 to May 25, 2025. This annual event offers players the chance to acquire exclusive in-game assets at discounted prices, enhancing their gaming experience. Featured Discounts Among the NFTs on offer, the sale features the…

Bitcoin’s network operates through a consensus mechanism known as Proof-of-Work (PoW). Miners dedicate computational power to solve complex mathematical problems, verifying and adding new transactions to the blockchain, bundled together in blocks. As a reward for their work, miners receive newly minted Bitcoin, plus transaction fees paid by users. What is Bitcoin Halving? The Bitcoin halving is a pre-programmed event that occurs approximately every four years, or every 210,000 blocks mined. It reduces the block reward given to miners by 50%. This reduction is hardcoded into Bitcoin’s protocol to control the supply of new Bitcoin entering the market. Unlike fiat…

Key NotesETH is down 4% in 24 hours, currently trading near $2,400.Whale activity indicates profit-taking or strategic exits.Analyst sees potential for a $4,000 target if ETH stays above $2,200. Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B has taken a breather following last week’s sharp increase that took the price as high as $2,700. As of writing, ETH is trading around $2,400, marking a 4% dip in the last 24 hours. The drop coincides with several large-scale movements, suggesting profit-taking and loss-cutting by whales. According to on-chain data from LookOnChain, a whale just…

Ethereum is trading at $2,378, down 5% in the past 24 hours after reaching a weekly high of $2,693.  Even with the decline, Ethereum (ETH) is still up over 35% in the past month, showing strength amid a recent crypto market revival. With 24-hour volume up 128.6% to $29.6 billion, trading activity has increased, indicating renewed interest from both retail and institutional investors.  Derivatives data paints a similar picture. CoinGlass data shows a 135% spike in trading volume. Interestingly, open interest in ETH futures has declined by 5.53% during the same period, which could suggest that short-term traders are closing…

Welcome back to Chain Reaction, a podcast that unpacks and dives deep into the latest trends, drama and news with some of the biggest names in crypto breaking things down block by block for the crypto curious. For this week’s episode, Jacquelyn interviewed Gary Vaynerchuk, better known as Gary Vee. He is the chairman of VaynerX and CEO of VaynerMedia and NFT collection VeeFriends. The inspiration behind VeeFriends began between 2018 and 2019 when Vaynerchuk originally wanted to start a line of desktop toys for “positive reinforcement.” The idea derived from the thousands of direct messages he receives monthly from…

Bitcoin has revolutionized the financial world, introducing a novel system underpinned by three core principles: security, transparency, and decentralization. Its underlying technology, the blockchain, is a distributed, public ledger that records every transaction in a verifiable and immutable manner. Understanding these three pillars is crucial to grasping the appeal and potential of Bitcoin and the broader cryptocurrency landscape.## Security Through Cryptography and ConsensusThe security of the Bitcoin blockchain hinges on sophisticated cryptographic hashing algorithms and a robust consensus mechanism known as Proof-of-Work (PoW). Cryptographic hash functions ensure that any alteration to a block of transactions would drastically change its hash,…

Blockchain and Real Estate: A Revolution in Property Ownership Real estate has long been a cornerstone of global economies, yet its transaction processes remain slow, opaque, and vulnerable to fraud. Blockchain technology—most famously associated with cryptocurrencies—offers a transformative solution by enabling secure, transparent, and efficient property exchanges via smart contracts and NFT deeds. How Blockchain Enhances Real Estate Transactions Traditional real estate transactions rely on intermediaries (lawyers, notaries, and banks) to verify ownership and ensure legitimacy, adding time and costs. Blockchain decentralizes trust through distributed ledgers, allowing parties to verify data in real time without central authorities. Smart Contracts: Self-executing…