Author: Kryptonews

Key points:Bitcoin’s chance of hitting new highs increases as bulls show clear intent to defend the $109,000 level.ETH and HYPE are leading the altcoin charge.Bitcoin (BTC) has been holding near the $110,000 level, just short of the all-time high of $111,980. That suggests the bulls are holding on to their positions as they anticipate another leg higher. The bullish sentiment received a boost from a post on Truth Social by US President Donald Trump that said the United States and China have arrived at a trade deal pending final approval from the respective heads of state.Bitwise researchers André Dragosch and…

While Solana is up just 5% over the past year, global sentiment around the altcoin is bullish due to its potential technical capabilities to outperform its main rivals in performance.Solana’s Firedancer validator client, expected to leave testnet in 2025, is demonstrating transaction-per-second capabilities exceeding one million in test environments, a development aimed at solving core blockchain scalability challenges.This leap in performance, designed to enhance network stability, is occurring as Solana gains attention from both government and corporate sectors.The asset’s potential inclusion in a US digital asset stockpile and a trend of public companies converting treasury reserves to SOL point to…

The idle power paradox and Pakistan’s Bitcoin energy plan As of March 2025, Pakistan boasted an installed power capacity of 46,600 MW, a slight increase from the previous year. Almost 14% of this capacity remains idle, especially during off-peak winter months when demand can drop as low as 12,000 MW.The core issue here lies in capacity payments, fixed fees paid to power plants regardless of whether they produce electricity, which have soared as high as 2.1 trillion Pakistan rupees($7.45 billion) annually.This cost burdens consumers even when plants are dormant.Fossil fuels, renewables and an unstable gridThere’s an additional factor in this…

Introduction The rise of blockchain technology has sparked comparisons to the early days of the internet, with many experts suggesting it could be as transformative as the World Wide Web was in the 1990s. Just as the internet revolutionized communication and commerce, blockchain has the potential to reshape industries ranging from finance and supply chain management to governance and digital identity. But is it truly the next internet? This article explores the parallels, innovations, and challenges that might answer this question. Origins and Foundations: A Parallel to the Early Internet? Like the early internet, blockchain started with a niche following…

Ant International reportedly plans to apply for stablecoin issuer licenses in Singapore and Hong Kong, signaling growing institutional cryptocurrency adoption among fintech firms.Ant International, a Singapore-based unit of the Jack Ma-backed Ant Group, is preparing to submit a license application in Hong Kong after the city’s stablecoin regulatory framework takes effect in August, according to a Bloomberg report citing unidentified sources. The company is expected to pursue similar licensing efforts in Singapore and Luxembourg.Ant Group is an affiliate of the Chinese conglomerate Alibaba Group, which owns and operates the world’s largest digital payment platform, Alipay, serving over 80 million merchants…

Bitcoin, the pioneering cryptocurrency, has always touted decentralization as a core tenet. This attribute, designed to distribute power and control across numerous participants, theoretically makes the network resistant to censorship, single points of failure, and undue influence. However, the question of whether Bitcoin’s decentralization is under threat is a complex and persistent one, demanding a critical examination of current trends and potential vulnerabilities.## Hashrate Concentration and Mining PoolsOne of the primary areas of concern revolves around the concentration of hashrate, the computational power used to secure the Bitcoin network. While individual miners contribute to this power, they often pool their…

Introduction to Blockchain and Supply Chain Management In today’s interconnected global economy, supply chain management (SCM) is critical for businesses seeking efficiency, transparency, and resilience. However, traditional SCM systems often face challenges in tracking goods across multiple stakeholders, ensuring authenticity, and minimizing fraud. Enter blockchain technology, which offers a decentralized, immutable, and secure solution to optimize supply chain operations. How Blockchain Enhances Traceability One of the primary benefits of blockchain in SCM is enhanced traceability. Each product can be assigned a unique digital identity at the point of origin, with details such as source, materials, and movement recorded on the…

The always-on crypto market is reshaping global finance, pushing hedge funds and trading firms to look beyond traditional hours and staff desks through the weekend.Qube Research & Technologies, a global quantitative investment management firm headquartered in London, is hiring for a “Crypto | Quant Trader (Weekend Shift)” role in London, which requires weekend availability in addition to a four-day workweek.The role, which includes overseeing continuous crypto trading, monitoring strategy performance and risks and implementing signals and data sets, requires working every other weekend and a normal day shift four days per week.Unlike traditional financial markets that operate on fixed schedules…

Bitcoin has long been celebrated as a revolutionary digital currency, but its scaling challenges have often been cited as a barrier to mainstream adoption. Transaction speeds can be slow and fees can be high, especially during periods of network congestion. This is where the Lightning Network comes into play, offering a potential solution to these limitations and expanding Bitcoin’s practical reach. What is the Lightning Network? The Lightning Network is a layer-2 scaling solution built on top of the Bitcoin blockchain. It allows users to conduct off-chain transactions, meaning they don’t need to be immediately recorded on the Bitcoin blockchain…

Mercurity Fintech Holding (MFH) is raising $800 million to establish a bitcoin treasury, the company announced in a press release.The New York-based fintech group said the funds will support a multi-pronged strategy: acquiring bitcoin, storing it in blockchain-native custodial infrastructure, and integrating it into a system that includes tokenized treasury tools and staking services.That means Mercurity isn’t just betting on a BTC treasury, but it’s trying to move into a “yield-generating, blockchain-aligned reserve structure.”“Bitcoin will become an essential component of the future financial infrastructure,” CEO Shi Qiu said in the release. “We are positioning our company to be a key…