Author: Kryptonews

The Promise of Blockchain Over Traditional Databases Blockchain technology has emerged as a disruptor in how data is stored, secured, and shared. Compared to traditional databases, blockchain offers unique advantages—decentralization, immutability, and enhanced security—that make it an attractive alternative for specific use cases. However, whether blockchain will fully replace traditional databases depends on several factors, including efficiency, scalability, and cost-effectiveness. Key Advantages of Blockchain Over Traditional Databases Decentralization and Trustlessness Traditional databases are typically centralized, controlled by a single entity, and vulnerable to censorship or manipulation. Blockchain, on the other hand, operates on a distributed ledger system, where data is…

Bitcoin can seem intimidating at first glance, filled with complex jargon and technical terms. However, the core concept is surprisingly straightforward. This simple guide will break down the basics of Bitcoin for beginners, demystifying the crypto world one step at a time. What Exactly is Bitcoin? Imagine a digital form of cash that isn’t controlled by any bank or government. That’s essentially what Bitcoin is. It’s a decentralized digital currency that allows individuals to send and receive money directly, without intermediaries. This peer-to-peer system relies on a technology called blockchain, which is a public and transparent ledger of all Bitcoin…

To get the show every day, follow the podcast here.On “Markets Daily,” host Jennifer Sanasie chats with Julius de Kempenaer, senior technical analyst at StockCharts.com, about crypto market structure, altcoin performance, and his near-term performance outlook for bitcoin.-Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Take 15% off registration with the code MD15. Register now at consensus.coindesk.com.This episode was…

Cryptocurrency exchange Bybit said it had involved team members, including an executive, to fix a glitch that affected a single user who could not go through an Apple-based know-your-client (KYC) system.In a May 18 X post, the Bybit China Team said it received reports about users experiencing withdrawal restrictions on the Bybit platform due to a KYC verification anomaly when logging in with an Apple ID. The team claimed to have immediately responded and taken action involving multiple departments, including the firm’s chief operating officer, Helen Liu.Other people involved in the operation were the heads of customer service, risk control,…

The Decentralized Future: How Blockchain Will Transform Industries by 2025 Blockchain technology has evolved beyond cryptocurrency, promising to revolutionize industries with its decentralized, secure, and transparent architecture. By 2025, key sectors will see significant transformations as blockchain adoption becomes mainstream. Blockchain’s Core Advantages Before diving into industry-specific applications, understanding blockchain’s strengths is crucial. Its decentralized nature eliminates single points of failure, while cryptography ensures data integrity. Smart contracts automate processes without intermediaries, and transparency builds trust across supply chains. These features will drive massive efficiency gains and cost reductions across multiple sectors. Financial Services: From Banking to DeFi Traditional banking…

The last three years have been a period of profound sadness for Teresa Iarocci Mavica, the former director of the Moscow-based V-A-C Foundation, which she co-founded in 2009 with Leonid Mikhelson. He’s one of Russia’s richest men and a close ally of Vladimir Putin. At V-A-C, Mavica was responsible for building the GES-2 House of Culture, Russia’s biggest contemporary art museum, of which she was also director. In November 2021, however, just one month before it opened, Mavica resigned, citing “exhaustion.” Then, three months later, just as Russia launched its full-scale invasion of Ukraine, the Italian curator left her adopted…

“I think Ethereum has a better performance outlook, mostly because it’s very hated,” said Arthur Hayes in an interview with Fortune on May 18. When asked about Ethereum versus Solana, he said, “Everyone thinks Ethereum does nothing, they haven’t done anything correctly, but it still has the most TVL, it still has the most number of developers, and it still is the most secure proof of stake blockchain.” Hayes did acknowledge that ETH prices have not done that well since 2020, and Solana has had a recent growth spurt, but added: “If I’m gonna deploy a fresh unit of fiat…

Understanding a Bitcoin liquidation map is imperative in dealing with the inherent volatility of the crypto market. The visual tool showcases probable liquidation levels, indicating where large orders may cause cascading price changes. This post explores how to interpret a Bitcoin liquidation map, allowing you to trade smarter in the volatile world of cryptocurrency.What is liquidation in crypto trading?In cryptocurrency trading, liquidation happens when an exchange forcefully closes a trader’s leveraged position due to insufficient margin to pay losses. This usually occurs when the market moves sharply against the position. Long liquidations occur when prices fall, affecting traders who bet on an…

The world of Bitcoin offers exciting opportunities, but with these opportunities comes the responsibility of safeguarding your digital assets. Understanding and implementing robust security measures is paramount to protecting your Bitcoin from theft and loss. This article outlines essential practices to secure your holdings and ensure peace of mind. Choosing a Secure Wallet Your Bitcoin wallet is your virtual bank. Just as you wouldn’t leave cash lying around, you need to choose a wallet that provides strong security. Consider these wallet types: Hardware Wallets: These are physical devices that store your private keys offline, making them virtually immune to online…

The Biggest Blockchain Security Breaches in History Blockchain technology is often touted for its security and immutability, but even the most robust systems can fall victim to cyber attacks, bugs, or exploits. From massive DeFi hacks to centralized exchange thefts, the crypto space has witnessed breaches that shook investor confidence and exposed vulnerabilities in the ecosystem. The Poly Network Hack ($610M – 2021) One of the largest DeFi exploits in history occurred when the Poly Network, a cross-chain interoperability protocol, was hacked for $610 million. The attacker exploited vulnerabilities in smart contract codes, siphoning funds from Ethereum, Binance Smart Chain,…