Author: Kryptonews

The Scalability Problem in Cryptocurrency Since the creation of Bitcoin, the first functional cryptocurrency, the blockchain world has faced a recurring challenge: scalability. As blockchain networks grew in popularity, so did the number of transactions they needed to process. Bitcoin, for example, could only handle around 7 transactions per second (TPS), while Ethereum, the leading smart contract platform, maxed out at roughly 30 TPS. This limitation led to congestion, higher transaction fees, and slow confirmation times—all of which made blockchains impractical for widespread adoption. The Rise of Layer-2 Solutions To address the scalability limitations of main blockchain networks, developers introduced…

The cryptocurrency market plunged on Friday, June 13, as rising geopolitical tensions in the Middle East rattled investors.  Following news that Israel had launched a major military operation against Iran, digital assets tumbled sharply. The total crypto market capitalization dropped 7% over the past 24 hours to $3.3 trillion. Bitcoin (BTC) declined around 5%, trading at $103,464 as of press time. Ethereum (ETH) fell 10% to $2,471, while Solana (SOL) dropped 11% to $141. XRP (XRP) and BNB (BNB) also lost ground, down 6% and 4% respectively. Data from CoinGlass shows that crypto liquidations surged 125% in a single day,…

The Czech Republic’s main opposition party has called for a no-confidence vote in the government on Thursday, accusing it of corruption over a $45 million Bitcoin payment from a convicted criminal.Alena Schillerova, vice chair of the right-wing ANO party, said in a Thursday post to X that her party felt there was “no choice” but to submit the no-confidence motion, which is scheduled for Tuesday.The Czech Justice Ministry said on May 28 it had sold nearly 500 Bitcoin (BTC) for 1 billion Czech koruna ($45 million) in an auction after receiving it from Tomas Jirikovsky, who ran an online black…

Bitcoin, the pioneering cryptocurrency, continues to evolve beyond its initial design. Despite its perceived stability, a vibrant ecosystem of developers is constantly pushing the boundaries of its capabilities. This article explores some of the key areas where cutting-edge development is shaping the future of Bitcoin.## Layer Two Scaling SolutionsBitcoin’s inherent limitations in transaction throughput have spurred the development of layer two scaling solutions. These overlays built on top of the Bitcoin blockchain aim to facilitate faster and cheaper transactions. The Lightning Network, perhaps the most well-known, utilizes payment channels to allow users to transact with each other off-chain, only settling…

Introduction to Blockchain: The Foundation of Bitcoin Bitcoin, the world’s first and most influential cryptocurrency, operates on an innovative technology called blockchain. While many people associate blockchain solely with digital currency, its applications extend far beyond finance. At its core, blockchain is a decentralized and secure digital ledger that records transactions across multiple computers—making it resistant to fraud or manipulation. How Does Blockchain Work? A blockchain is composed of groups of transactions (“blocks”) linked together in chronological order. Once a block is filled with verified transactions, it is cryptographically hashed and added to the previous block, creating an immutable chain.…

Shares in sports betting platform Sharplink Gaming tumbled 73% in after-hours trading on Thursday after filing to register a large volume of shares for potential resale as the firm is soon to bet big on Ether.However, Sharplink Gaming chairman Joseph Lubin, who is also CEO of blockchain software firm Consensys, said that market watchers had misinterpreted the filing. Lubin says he and Consensys not sold sharesLubin said in a post on Wednesday that “some are misinterpreting” Sharplink’s Form S-3 filing with the Securities and Exchange Commission that registers the potential resale of nearly 58.7 million common shares.Lubin reiterated that it is…

Key Takeaways Bitcoin dropped 5% to $102,900 after Israeli airstrikes on Tehran. Gold surged to $3,420 as investors sought safer assets amid rising tensions. Share this article Bitcoin slumped 5% to $102,900 early Friday after Israeli airstrikes hit Tehran, while spot gold surged to $3,429 in a flight to safety, TradingView data shows.On Thursday, the leading digital asset managed a modest rebound to $108,450 from $107,000, even as markets absorbed bearish signals from reports that Israel had notified US officials of its intent to launch an operation against Iran.Tensions escalated after Israel launched “Operation Rising Lion” against Iran, with Israeli…

Earlier this year, we launched a bug bounty program focused on finding issues in the beacon chain specification, and/or in client implementations (Lighthouse, Nimbus, Teku, Prysm etc…). The results (and vulnerability reports) have been enlightening as have the lessons learned while patching potential issues. In this new series, we aim to explore and share some of the insight we’ve gained from security work to date and as we move forward. This first post will analyze some of the submissions specifically targeting BLS primitives. Disclaimer: All bugs mentioned in this post have been already fixed. BLS is everywhere A few years…

Bitcoin’s hort-term options skew crashed during the early Asian hours as traders sought downside protection amid escalating tensions in the Middle East, which triggered a sharp rise in oil pricesThe seven-day skew, which measures the relative richness of Deribit-listed BTC calls to puts, slid to -3.84%, the lowest since April 16, according to data source Amberdata. In other words, put options offering downside protection became the most expensive relative to calls in three months. The demand for put also pushed the 30-day and 60-day skews into the negative territory.Traders typically buy put options when seeking to hedge their long positions…

Introduction The rise of digital currencies has sparked global debate over the future of finance, with China leading the charge with its central bank digital currency (CBDC), the Digital Yuan. As cryptocurrencies like Bitcoin and Ethereum gain traction worldwide, China’s digital currency electronic payment (DCEP) system represents a strategic move to maintain financial control and dominance. The country’s aggressive push for its CBDC contrasts sharply with its harsh stance on decentralized cryptocurrencies, creating a fascinating battle for blockchain supremacy. China’s Digital Yuan: A CBDC Power Play China’s Digital Yuan, developed by the People’s Bank of China (PBoC), is designed to…