Author: Kryptonews

The company behind the Bored Ape crypto art craze is looking into reports that people have been suffering from eye burn, extreme pain and impaired vision after attending one of its events, which was lit by UV lights.The ApeFest festival is held every year for members of the Bored Ape Yacht Club, AKA Bored Apes, who have invested in a collection of 10,000 non-fungible tokens (NFTs) featuring computer-generated profile pictures of cartoon apes.More than a dozen people who attended last weekend’s ApeFest in Hong Kong took to social media afterwards to complain that they were suffering from eye pain and…

Publicly-traded firm BTCS Inc. announced a $57.8 million financing agreement led by investment firm ATW Partners to purchase Ether as it expands its blockchain infrastructure strategy. The Rockville, Maryland-based company announced the deal on May 14, stating that the move will allow it to expand validator node operations and build recurring revenue from Ether (ETH) staking.BTCS CEO Charles Allen said the move follows Strategy’s (formerly MicroStrategy) high-profile Bitcoin (BTC) accumulation blueprint and will leverage Ethereum for long-term growth. “We are executing a disciplined strategy to increase our Ethereum exposure and drive recurring revenue through staking and our block building operations,” Allen said.Source:…

Blockchain technology has emerged as a revolutionary force in the digital world, promising to transform industries from finance to healthcare to supply chain management. But for many, the intricacies of blockchain remain shrouded in mystery. This guide aims to demystify blockchain, breaking down its core concepts and functionalities in simple terms. What is Blockchain? At its essence, a blockchain is a decentralized and distributed ledger that records transactions across numerous computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network. This makes it an extremely secure and transparent…

Bitcoin’s price ascent was stopped once again at $104,000 yesterday and the asset is down by over two grand since then, going toward a key support line. The altcoins have turned red, with massive price drops from the likes of XRP, SOL, DOGE, ADA, SUI, AVAX, and many others. BTC Below $102K The primary cryptocurrency surged in an impressive manner last week when reports emerged that the US and China will meet over the weekend to discuss a trade deal. This led to a massive price pump that saw BTC reclaim the coveted $100,000 last Thursday and kept climbing to…

DASH: Digital Cash You Can Spend Anywhere, Anytime, Globally   DASH QUICK STATS TYPE:Currency CREATION DATE:January 18, 2014 DEVELOPMENT STAGE:Full Release CURRENT SUPPLY:7,947,251.2 TOTAL SUPPLY:18,900,000 ALGORITHM:X11 PROOF TYPE:PoW/PoS BLOCK TARGET:2.5 Minutes On January 18, 2014 a currency by the name of Xcoin (XCO), was released to the crypto market and it would soon be rebranded as a well-known cryptocurrency that we know today as DASH. Dash was built on Bitcoin’s core and it expanded on its code by adding a “2-tier node”. Unlike Bitcoin, whose transactions are published on the blockchain, Dash’s technology intends to have the liquidity and anonymity…

What is Blockchain? Blockchain is often associated with cryptocurrencies like Bitcoin and Ethereum, but its potential extends far beyond digital money. At its core, blockchain is a decentralized, distributed ledger that records transactions across multiple computers in a network. This technology ensures transparency, security, and immutability—meaning once data is recorded, it cannot be altered or deleted. Key Features of Blockchain Decentralization – Instead of relying on a single central authority (like banks or governments), blockchain operates on a peer-to-peer network where no single entity controls the data. Immutability – Transactions are grouped into blocks, which are linked through cryptography, forming…

Key Takeaways Peter Schiff criticized investments in Bitcoin treasury stocks as more absurd than buying Bitcoin itself. Schiff advises investing in companies with actual business models rather than those solely acquiring Bitcoin. Share this article For Peter Schiff, Bitcoin is bad. But Bitcoin proxy stocks are even worse. The gold champion and longtime Bitcoin critic has criticized the idea of buying shares in public companies that exist solely to hold Bitcoin, calling it a “ridiculous” way to gain crypto exposure. “If you want to buy Bitcoin, then buy Bitcoin,” Schiff wrote on X on Wednesday. “If you want to invest…

Shiba Inu price has formed a highly bullish harmonic pattern, pointing to an eventual 190% surge as the burn rate soars.  Shiba Inu (SHIB) coin rose to $0.000016 on Sunday, its highest level since February this year, and 52% above the lowest level this year.  The token jumped as Ethereum (ETH) hugged the important resistance level at $2,500 for the first time since February. This surge triggered more upside for popular ERC tokens like Pepe (PEPE), AAVE (AAVE), and Uniswap (UNI). Shiba Inu price also jumped after the burn rate surged by 234,584% on Sunday, with over 19 million tokens…

Aaron Limbu Nov 03, 2022 03:55 Meta has announced that social media giant Instagram will be introducing an NFTs marketplace that will run with the support of Polygon. Meta has announced that social media giant Instagram will be introducing a non-fungible tokens (NFTs) marketplace that will run with the support of Polygon. “Creators will soon be able to make their own digital collectables on Instagram and sell them to fans, both on and off Instagram,” Meta announced in an updated blog post. According to Meta, users will get an end-to-end toolkit starting on…

Elon Musk’s involvement with Bitcoin, and the wider cryptocurrency market, has been a fascinating case study in the power of influence within the digital age. His often-contradictory statements and actions have triggered significant price fluctuations, fueled both excitement and skepticism, and ultimately forced the cryptocurrency community to re-evaluate the role of individual endorsements in shaping market dynamics. The Initial Boom: A Tesla-Fueled Rally Musk’s initial endorsement of Bitcoin, most notably through Tesla’s $1.5 billion investment in early 2021 and the subsequent announcement that Tesla would accept Bitcoin as payment for vehicles, sent shockwaves through the cryptocurrency market. Bitcoin’s price soared…