Author: Kryptonews

Introduction to ERC20 The Ethereum blockchain has revolutionized the way digital assets are created and traded through the introduction of the ERC20 standard. Short for "Ethereum Request for Comments #20," this protocol allows developers to issue and manage their own tokens atop the Ethereum network, ensuring seamless interoperability and compatibility with existing infrastructure. ERC20 tokens can represent a wide range of digital assets—from currencies and shares to loyalty points and collectibles. Thanks to a standardized interface, these tokens work across various Ethereum-based wallets, exchanges, and applications, making them a core component of the DeFi (decentralized finance) ecosystem. How Does the…

Law enforcement detained the wrong person for a 2022 scam that pilfered more than $1 million worth of Bored Ape non-fungible tokens (NFTs), cybersecurity researcher ZachXBT said. In a May 9 X post, ZachXBT said he identified the wallet behind the scam and linked it to an X account that has since been deleted. But in 2023, law enforcement detained Sam Curry, a former Yuga Labs security researcher, at an airport as a suspect in the incident, ZachXBT said. Yuga Labs is the company behind the Bored Ape Yacht Club NFT collection. “It’s unfortunate to see how a security researcher was detained when…

Key points:Ether price rose 3% to $2,550 on May 18, triggering $22 million in short ETH liquidations.A bull flag on the chart suggests a $3,700 target, with analysts predicting Bitcoin’s price to go as high as $5,000 in May.Ether’s (ETH) price was up on May 18, rising more than 2.5% over the last 24 hours to trade at $2,536. This recovery reinforces the optimism among traders that ETH price could hit $3,000 in May, citing strong technicals.Ether wipes out $7.5 million shorts in an hourData from Cointelegraph Markets Pro and Bitsamp shows that ETH rose by more than 4.5% to…

Cryptocurrency and blockchains have long promised to reinvent finance—but digital assets have, to date, been characterized by extreme volatility.To alleviate this risk, developers are turning to the physical world—tokenizing assets like gold, oil, and real estate to give digital currencies real backing and lasting value.In this article, we’ll explore the tokenization of real-world assets, and what it means for the blockchain industry.What is tokenization?Before a real-world asset can be used to back a digital asset, it has to be tokenized.Tokenization is the process of creating a digital representation, or token, of an asset on the blockchain, which enables ownership and…

Understanding Blockchain Governance Models Blockchain technology has evolved beyond simple transaction recording, with Governance playing a crucial role in decision-making processes. There are two primary governance models: DAOs (Decentralized Autonomous Organizations) and Federated Blockchains, each offering distinct approaches to regulation and growth within the crypto ecosystem. DAOs: The Rise of Decentralized Governance Decentralized Autonomous Organizations (DAOs) operate without a central authority, allowing community-driven governance. Smart contracts execute pre-programmed rules, enabling transparent and democratic decision-making processes. DAOs are ideal for projects needing community consensus, but they can be slow to adapt to sudden market changes due to their emphasis on voter…

Global economic tensions and regulatory developments continue to influence XRP’s price action, with the digital asset showing remarkable resilience despite recent volatility. After experiencing a significant dip to $2.307 on high volume, XRP has established an upward trajectory with a series of higher lows, suggesting continued momentum as it approaches resistance levels. Technical indicators point to a potential bullish breakout, with multiple analysts highlighting critical support at $2.35-$2.40 that must hold for upward continuation.Technical Analysis HighlightsPrice experienced a 3.76% range ($2.307-$2.396) over 24 hours with a sharp sell-off at 16:00 dropping to $2.307 on high volume (77.9M).Strong support emerged at…

Crypto industry executives are beefing up personal security and demanding more bodyguard services in response to a recent string of kidnapping and ransom attempts worldwide — particularly in France — targeting investors and professionals in the sector.According to a Bloomberg report, Infinite Risks International, a private security firm based in Amsterdam, Netherlands, is seeing more inquiries into bodyguard services and more long-term clients signing up for a private security detail.Additionally, French law enforcement officials recently announced enhanced security measures for crypto entrepreneurs and investors, following at least three separate kidnapping incidents so far in 2025.The measures include security briefings and…

Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto.The last time I interviewed Tezos co-founder Arthur Breitman was at the Paris Blockchain Week Summit in 2019. It coincided with the fire of Notre Dame, and I can still hear the gasps of a dumbstruck crowd gathered opposite the cathedral as the angry orange flames engulfed the spire of “Our Lady of Paris,” and the thick black smoke billowed into the evening sky.Despite the historic tragedy at the…

Blockchain technology has revolutionized financial systems by enabling decentralized, transparent, and secure transactions through smart contracts and Decentralized Autonomous Organizations (DAOs). These innovations have laid the foundation for DeFi (Decentralized Finance) ecosystems, transforming traditional finance by eliminating intermediaries and empowering users with greater control over their assets. The Rise of Smart Contracts in DeFi Smart contracts are self-executing agreements embedded with rules and conditions governing various financial transactions. On blockchain networks like Ethereum, smart contracts ensure trustless, automated operations without the need for intermediaries. In DeFi, they power lending protocols (e.g., Aave, Compound) where users can borrow or lend cryptocurrencies…

Twelve people have been arrested in Hong Kong and mainland China for their alleged roles in a cross-border money laundering operation that moved HK$118 million ($15 million) through cryptocurrency and hundreds of fraudulent bank accounts, local media reported on May 17.According to Hong Kong Commercial Daily, the criminal syndicate used over 500 so-called stooge accounts (bank accounts opened or provided by third parties) to receive proceeds from fraud cases.The money was then funneled through local crypto exchange shops, effectively masking its origins.Crypto Laundering Ring Operated from Mong Kok Apartment, Police SayThe group is believed to have operated out of a…