Author: Kryptonews

Understanding Blockchain for Business: A Beginner’s Guide What is Blockchain? Blockchain is a decentralized digital ledger that records transactions across a network of computers. Unlike traditional centralized databases, blockchain operates on a peer-to-peer (P2P) system, meaning no single entity controls the data. Each block in the chain contains a unique code called a "hash," linking it to the previous block—hence the name "blockchain." This creates an immutable, tamper-resistant record of transactions. Key Components of Blockchain Decentralization – Data is distributed across nodes rather than stored in a single location. Transparency – All transactions are visible (on public blockchains) and cannot…

UK authorities should regulate cryptocurrency trading as a form of gambling rather than a financial service, parliament’s Treasury committee has said after a fresh inquiry into the industry.The government must avoid wasting more taxpayer funds promoting tech innovations such as digital tokens, without demonstrating the clear benefits to the public, MPs said in a report published on Wednesday.Like gambling, cryptocurrency trading and investing can be addictive, MPs concluded. And while the underlying blockchain technology could benefit the wider financial services industry, the process of betting on the volatile price of unbacked assets such as bitcoin could lead consumers to lose…

A widely followed crypto analyst says that one top-20 altcoin will eventually skyrocket by 85% while updating his outlook on Bitcoin (BTC) and the meme asset dogwifhat (WIF). In a new thread, crypto trader Altcoin Sherpa tells his 245,800 followers on the social media platform X that layer-1 blockchain Hyperliquid (HYPE) is a standout digital asset that will eventually hit a price tag of over $50. “Some interesting looking charts out there. HYPE is a standout, I still own zero right now but this is still one of the best projects in crypto and I will continue bull posting it.…

What is a Blockchain App & Why Build One? A blockchain app (also known as a decentralized application, or DApp) is a digital tool that uses blockchain technology to ensure transparency, security, and reliability. Unlike traditional apps, blockchain apps are often decentralized, meaning they aren’t controlled by a single entity. These apps are built on blockchain networks like Ethereum, Solana, or Binance Smart Chain, allowing for: Smart Contracts: Self-executing digital agreements (e.g., automated payments based on conditions). Decentralized Finance (DeFi): Borrowing, lending, trading without middlemen. NFT Marketplaces: Buying, selling, and trading unique digital assets. Since blockchain technology is still growing,…

Key Takeaways Elon Musk’s change of X profile name to Kekius Maximus led to a 1,700% surge in KEKIUS token. Similar meme coin price surges occurred previously when Musk adopted the Kekius Maximus persona. Share this article Several meme coins referencing “Kekius Maximus” saw dramatic price increases on Friday after Elon Musk updated his X profile name to the same moniker.A token trading under the name Kekius Maximus ($KEKIUS) jumped more than 1,700% in less than six hours, according to data from CoinGecko.Other similarly named tokens also posted double- and triple-digit gains amid renewed interest driven by Musk’s online activity.This…

Abraxas Capital has withdrawn 138,511 ETH, worth $297 million, from centralized exchanges over the past two days. According to data from Lookonchain, the London-based asset management firm’s activity coincides with a sharp surge in Ethereum’s (ETH) price, which jumped over 20% in the past 24 hours to reach $2,371 before settling near $2,295. The size and timing of this withdrawal suggests a shift toward long-term custody and reduced intention to sell. Such moves are often interpreted as bullish signals, as they decrease immediate market supply and reflect confidence in further price appreciation. Abraxas Capital’s large-scale transfer is drawing attention amid…

Bitcoin payments have witnessed a complex and multifaceted trend in recent years, making it difficult to definitively declare a simple “increase” or “decrease” in adoption. Depending on the metric and the region examined, the picture can shift dramatically. Below, we explore various factors influencing Bitcoin’s use as a payment method, noting both encouraging signs and lingering challenges.## Transaction Volume TrendsWhile overall Bitcoin transaction volume remains substantial, driven largely by trading and institutional investment, the dedicated volume specifically for day-to-day retail or small-scale purchases has shown fluctuations. Some data suggests a periodic decrease in point-of-sale transactions using Bitcoin, particularly when compared…

Godfrey Benjamin Oct 27, 2022 16:30 Web3 startup MyNFT will be launching the UK’s first NFT Vending machines in London Web3.0 startup and Non-Fungible Token (NFT) marketplace, MyNFT is all geared up to launch the first-ever digital collectibles vending machine in London next week. As reported by WWD, the launch of the vending machines will take place at the NFT London conference that is scheduled to be held next week at the Queen Elizabeth II Center.   As a platform that makes accessing digital collectibles easy for everyone, MyNFT says the new vending…

Introduction to Decentralized IoT The Internet of Things (IoT) has transformed how devices interact and share data, but its centralized architecture presents scalability, security, and privacy challenges. Decentralized IoT (DIoT) addresses these limitations by integrating blockchain technology, enabling secure, transparent, and autonomous device networks. How Blockchain Enhances IoT Security & TransparencyBlockchain ensures data integrity by recording transactions in an immutable ledger, reducing trust dependencies between devices. Smart contracts automate interactions, preventing malicious manipulations. Scalability & EfficiencyDecentralized IoT avoids single points of failure through distributed ledgers, improving scalability. Token-based incentivization models drive participation and lower costs. Secure Data ExchangePrivate keys and…

Key Takeaways:Steak ‘n Shake rolls out Bitcoin payments at all U.S. locations starting May 16, reaching over 100 million customers.The move signals a major leap in mainstream crypto adoption within the global fast food industry.Bitcoin payments will be expanded internationally, with localized rollouts announced country by country.Steak ‘n Shake has officially joined the ranks of global brands embracing cryptocurrency. Beginning May 16, customers at every U.S. outlet of the popular fast food chain can pay for their burgers and shakes using Bitcoin—a first for a nationwide rollout of this scale in the restaurant sector.Read More: Brazil Proposes a New Bill…