Author: Kryptonews

Onchain social network Zora has built a reputation as a popular tool for artists, musicians and other creatives to monetize their content onchain, but the recent launch of its eponymous ZORA token has left many users confused and dissatisfied.The token’s price tanked shortly after launch, with users and observers complaining about everything from poor communication from the team to the token’s distribution and utility models. This comes amid an overall decline in interest in the onchain creator economy and a changing perspective on whether blockchain tools like non-fungible tokens (NFTs) are still useful for creatives who want to monetize their work…

The world of blockchain technology continues to evolve rapidly, promising transformative changes for businesses in 2025. From enhanced security and efficiency to new financial models, blockchain is set to reshape industries across the board. Here are five cutting-edge trends leading the charge: ### Decentralized Identity Management Traditional identity verification systems are costly, inefficient, and vulnerable to fraud. Decentralized identity (DID) solutions leverage blockchain to empower individuals with full ownership of their digital identity. By enabling self-sovereign identity (SSI), businesses can reduce fraud, streamline KYC/AML processes, and comply more easily with data privacy regulations like GDPR. In 2025, DID will see…

Devcon has always been a living reflection of Ethereum’s growth, challenges, and community ambitions. It showcases the most pressing topics, the newest innovations, and the people building the future of decentralized technology. As Ethereum grows, so too does Devcon. Two years ago, right before Devcon VI in Bogotá, the Merge took Ethereum’s consensus from proof of work to proof of stake. Devcon VI focused not only on the achievement of this milestone, but also on the next innovations: early Layer-2 development, the introduction of Account Abstraction (AA), and the rise of zero knowledge proofs (ZKPs) as an expansion of Ethereum.…

UK-based digital banking giant Revolut Ltd has announced plans to invest over €1 billion ($1.1 billion) in France over the next three years, while also preparing to apply for a French banking licence.The move is part of the fintech’s broader strategy to strengthen its presence across Europe and build deeper roots in its fastest-growing markets.The announcement came during the Choose France business summit in Paris on Monday, hosted by President Emmanuel Macron, according to a report by Reuters.Revolut to Establish a Headquarter in FranceRevolut said it will establish its new Western European headquarters in the French capital, committing to hire…

The warning signs are right in our face: a $30 trillion bond market collapse is coming, and nobody seems to know how to stop it, not even Federal Reserve Chair Jerome Powell. As reported by Moody’s, the US credit rating was downgraded last Friday, dragging the last triple-A rating down a notch to Aa1. On Monday, investors wasted no time. They dumped bonds, and yields exploded. The 30-year Treasury yield surged to 5.012%, the 10-year moved up to 4.54%, and the 2-year rose to 4.023%. This wasn’t just a reaction—it was a breakdown. Moody’s explained the decision as a direct…

Introduction to Smart Contracts In 2024, smart contracts continue to shape the future of technology, finance, and business by automating agreements in a secure, transparent, and decentralized manner. While they SOUND complex, their core function is straightforward: to enforce the terms of a contract without intermediaries. This article will guide beginners through the world of smart contracts, explaining how they work, their benefits, and real-world applications. What is a Smart Contract? At their core, smart contracts are self-executing programs stored on blockchain technology. They contain pre-defined rules and conditions that trigger specific actions once met. For example, a smart contract…

BounceBit, a crypto infrastructure provider using features from both centralized (CeFi) and decentralized finance (DeFi), has executed a bitcoin (BTC) derivatives trading strategy using BlackRock’s yield-generating tokenized money market fund, BUIDL, to enhance returns.The strategy, to be rolled out to institutions and retail users, consisted of two main components: a bitcoin basis trade, involving a long position in the spot market while shorting futures, and a short position in BTC put options, both collateralized by BUIDL tokens.The basis trade, also known as cash and carry arbitrage, alone generated an annualized yield of 4.7%, with put option writing contributing an additional…

Strategy, formerly MicroStrategy, and the top corporate Bitcoin holder, acquired nearly $765 million of Bitcoin last week. The purchase comes as the company faces a class-action lawsuit.According to a May 19 announcement, Strategy acquired 7,390 BTC for about $764.9 million at an average price just under $103,500. Strategy reported a Bitcoin yield of 16.3% year-to-date.As of May 18, Strategy holds 576,230 BTC acquired for around $40.18 billion at an average price of $69,726 per coin. At current prices, the company’s total holdings are valued at more than $59.2 billion, representing an unrealized gain of $19.2 billion, or 47%.According to CoinMarketCap…

The crypto market turned red over the weekend. Barely any coins in the top 100 category are up today. The cryptocurrency market capitalization decreased by 3.3% over the last 24 hours, now standing at $3.36 trillion. The total crypto trading volume is at $141 billion at the time of writing. TLDR: The market has seen drops across the board: liquidations pushing it down, ETF inflows pulling it up; BTC briefly hit the weekly high of $106,518, before pulling back to $103,011; Bitcoin may surge to $136,000 soon; Spot ETFs continue to see investor interest, hitting weekly net inflows of $608.4…

Introduction to Smart Contracts Smart contracts are self-executing programs stored on a blockchain that automate the enforcement, negotiation, and execution of agreements without intermediaries. Unlike traditional legal contracts written on paper, smart contracts use code to define rules and penalties around an agreement. Once deployed on a blockchain, the code runs automatically when predefined conditions are met, making transactions transparent, efficient, and irreversible. How Smart Contracts Work At their core, smart contracts are made of: Rules and Agreements in Code: Developers write conditions (e.g., "Send 10 ETH to Buyer if Seller ships goods by a specific date") using programming languages…