Author: Kryptonews

In an opinion piece published in Fortune, Franklin Templeton CEO Jenny Johnson wrote that the “advantages of blockchain are so compelling that we don’t foresee the shift to digital asset technology being slow or incremental,” echoing the growing positive sentiment some traditional finance institutions have toward crypto.“Indeed, we expect our industry will evolve more in the next five years than in the last 50,” Johnson said. “The pressing question is whether financial institutions will choose to embrace the digital asset wave (and the disruption coming with it), actively fight it or bury its head in the sand.”Johnson noted that blockchain…

Crypto exchange Coinbase is planning to launch a credit card that offers bitcoin cashback, the company said on Thursday.The Coinbase One Card, issued in partnership with American Express, includes perks such as earning 4% in BTC after purchases, boosted rewards on USDC stablecoin holdings and higher staking rewards and transaction credits on Base, the Ethereum layer-2 network developed by the exchange, according to the card’s website. The card’s rollout is expected this fall.The move comes as more crypto platforms and exchanges are rolling out payment cards to enable users to spend their blockchain-based token stash on everyday purchases. For example,…

President Trump went straight for Jerome Powell’s neck on Thursday, calling the Federal Reserve chair a “numbskull” during remarks at the White House while demanding an immediate cut to interest rates. He claimed the US could save $600 billion every single year if Powell dropped rates by just 2 percentage points, but added, “we can’t get this guy to do it.” Speaking at a bill signing ceremony in the White House East Room, Trump expressed total frustration, saying, “We’re going to spend $600 billion a year, $600 billion because of one numbskull that sits here and says, ‘I don’t see…

The Ripple Effect: How Blockchain is Modernizing International Finance Introduction to Blockchain and its Potential in Finance Blockchain technology has emerged as one of the most transformative forces in modern finance, particularly when it comes to cross-border transactions. Unlike traditional financial systems, which often rely on intermediaries and centralized governance, blockchain enables secure, decentralized, and nearly instantaneous transfers. The ripple effect of this technology is being felt across global financial markets, where efficiency, transparency, and reduced costs are reshaping traditional international finance systems. The Problem with Traditional International Payments Current international financial transactions face significant barriers, including high transaction fees,…

Crypto.com today rolled out its boldest credit card offering yet with the launch of the Crypto.com Visa Signature® Credit Card, inviting U.S. consumers to “Spend in dollars. Earn in crypto.” The new card features industry-leading cashback rates and a suite of premium perks, all delivered directly through the Crypto.com App. In a strategic play to win over mainstream spenders, the Visa Signature card offers 3.5% back in CRO‡ on all purchases for the first 12 months—with rates reverting to 3% thereafter—alongside a $500 CRO welcome bonus for new cardholders who meet the initial spend threshold. Cardholders can manage their balances,…

Bitcoin’s decentralized nature relies on a robust consensus mechanism to ensure that everyone agrees on the state of the ledger. This mechanism, known as Proof-of-Work (PoW), is what allows Bitcoin to function without a central authority, making it truly revolutionary. Let’s delve into how it works.## How Proof-of-Work Secures BitcoinProof-of-Work, in its simplest form, requires participants in the Bitcoin network, called miners, to solve a complex computational puzzle. This puzzle isn’t about complex math problems that have a pre-defined answer; rather, it’s about finding a specific hash value below a target difficulty.Miners repeatedly try different combinations of data, including a…

David Plouffe, who worked as an adviser on former US Vice President Kamala Harris’ 2024 presidential campaign, will be joining Coinbase’s Global Advisory Council.In a Thursday notice, Coinbase said Plouffe would join former lawmakers, industry leaders, and others on the company’s advisory council, seemingly to advise the exchange on policies moving forward in the US and abroad, as well as its role in future elections. The appointment of Plouffe to the council marked one of his first roles in crypto and policy since leaving Harris’ campaign.David Plouffe speaking at Coinbase’s State of Crypto Summit on Thursday. Source: Coinbase“It’s important to…

Pepe (PEPE) has gone up by 5.4% in the past week and has managed to outperform other well-established peers in the meme coin space like Dogecoin (DOGE) and Shiba Inu (SHIB).Traders’ interest in PEPE has been surging lately as the outstanding amount of futures contracts – a metric known as open interest – has surged to an all-time high of $650 million.A handful of meme coins, especially those in the Solana blockchain, have been experiencing a wave of positive momentum and Pepe seems to have captured a share of that hype.Tokens like Fartcoin (FARTCOIN) and SPXX6900 (SPX) are among the…

Key takeaway:Bitcoin (BTC) reached a weekly high of $110,653 on Monday, but it is currently down 3.5%, dropping to a low of $106,600 on Thursday. Escalating tensions between Iran and Israel, with reports of Israel possibly preparing military action against Iran, have triggered a risk-off sentiment, with BTC posting a reaction. From a technical standpoint, the current BTC correction looks routine. BTC prices jumped roughly 10% between June 6 and Tuesday, and a 3.5% dip can be considered normal. Bitcoin researcher Axel Adler Jr outlined a similar sentiment, explaining that the current market faces a “soft reversal point.” Using the Bitcoin…

Brazil is getting ready to overhaul how it taxes crypto. The Brazilian government plans to scrap the long-standing exemption that lets investors pocket up to R$35,000 (about $63,000) in monthly gains without paying taxes. Instead, a flat 17.5% tax will be imposed on all profits from digital assets. It’s a major shift that signals Brazil is taking crypto a lot more seriously, and it’s going to impact everyone from casual traders to big institutional players. Brazil government to end tax exempt and impose 17.5 flat tax rate Current Framework and Changes Until now, Brazilian investors did not have to worry…