Author: Kryptonews

U.S. Bancorp’s institutional crypto custody business has seen a revival under the crypto-friendly Trump administration and the bank is “studying and watching” what role it could play with stablecoins, says its CEO.U.S. Bancorp CEO Gunjan Kedia said on Wednesday at the Morgan Stanley US Financials Conference that her bank’s crypto custody service, created in 2021, had not fared well under the Biden administration, but that interest in the service has picked up again.“The product didn’t really take off because the regulatory regime at that point was very uncertain for large institutional investors,” Kedia said. “That product is back, and we…

The year 2017 is etched in the memory of anyone involved in, or even remotely aware of, the cryptocurrency market. Bitcoin, the original and still dominant cryptocurrency, experienced a meteoric rise in price, capturing the world’s attention and sparking a frenzy of interest in the then relatively nascent blockchain technology. While the bubble ultimately burst, its impact on the financial landscape continues to be felt today. Understanding what fueled the 2017 Bitcoin boom is crucial to comprehending the evolution and future potential of cryptocurrencies.## The Perfect Storm: A Confluence of FactorsThe sudden surge wasn’t attributable to a single event. Instead,…

Uniswap, a rising DeFi token in the crypto market is the top performer in the last 24 hours. The fuel – Paul Atkins, the chairman of the US Securities and Exchange Commissions (SEC) supporting self-custody and American spirit of DeFi. Paul Atkins Speec Triggers DeFi Rally In the Fifth and Last SEC Crypto Roundtable, themed “DeFi and the American Spirit,” gave fuel to the Uniswap price rally. In the afternoon session on June 9, Chair Paul Atkins stated that the Commission may be looking at an “innovation exemption” for DeFi projects like Uniswap, which rekindled some demand for the token.…

FTX has added global fintech firm Payoneer to its list of approved distributors for creditor payouts, the FTX Recovery Trust and FTX Digital Markets confirmed Tuesday. Key Takeaways: FTX has added Payoneer as a distributor for post-May 30, 2025 creditor payouts. The Chapter 11 repayment plan aims to return up to $16.5 billion to former customers. Analysts warn the payouts could introduce short-term crypto market volatility. Payoneer becomes the third official distributor for FTX and the second for FTX Digital Markets, and will handle payments dated after May 30, 2025, according to a June 10 announcement.The move is aimed at…

Introduction to Zero-Knowledge Proofs (ZKPs) Zero-knowledge proofs (ZKPs) represent a groundbreaking cryptographic technique that enables one party to prove the validity of a statement without revealing any underlying information about the statement itself. This technology has far-reaching implications, particularly in blockchain ecosystems, where privacy and scalability remain significant challenges. In recent years, ZKPs have emerged as a critical tool for enhancing blockchain scalability, allowing for faster transaction processing, lower costs, and improved privacy without compromising the integrity of the network. How ZKPs Enhance Blockchain Scalability One of the most significant limitations of traditional blockchains, such as Bitcoin and Ethereum, is…

[Expert/Firm], a well-respected name in cryptocurrency analysis, has released a bullish prediction for Bitcoin, forecasting it could reach \$[Target Price] by [Date]. This projection has sparked considerable discussion within the crypto community, reigniting debates about Bitcoin’s future trajectory and potential for mainstream adoption. The prediction hinges on a number of key factors, primarily [Expert/Firm]’s belief in continued institutional investment and the ongoing scarcity created by Bitcoin’s fixed supply.## Driving Forces Behind the Prediction[Expert/Firm]’s analysis points to several macro and micro trends supporting their optimistic view. Firstly, they anticipate further institutional adoption of Bitcoin as a store of value and hedge…

Safe, the popular multiparty crypto wallet previously called Gnosis Safe, has launched a new development unit, Safe Labs, in a move aimed at consolidating its operations and sharpening its product roadmap after it was targeted in February’s $1.4 billion ByBit hack — the largest crypto heist to date.The new entity will serve as the core development arm of Safe, which until now had outsourced technical work to a separate development firm, a structure commonly used across the crypto industry, Safe Labs Chief Executive Rahul Rumalla said on Wednesday. Safe Labs will operate directly under the umbrella of the Safe Foundation,…

Darius Baruo Jun 11, 2025 20:40 NVIDIA will conduct its 2025 Annual Stockholder Meeting online on June 25. Stockholders can participate using their control number, while non-stockholders can join as guests. NVIDIA Corporation, a leader in accelerated computing, has announced that its 2025 Annual Meeting of Stockholders will be held virtually on June 25 at 9 a.m. PT. The decision to host the meeting online reflects the growing trend of virtual corporate governance practices, allowing broader participation from stakeholders worldwide. Virtual Access and Participation According to NVIDIA Newsroom, stockholders will be able to…

Swedish health tech firm H100 Group AB rose 45% on Wednesday after announcing it raised 101 million Swedish krona ($10.6 million) to accelerate the firm’s Bitcoin treasury strategy.H100 closed at 4.64 krona ($0.49) on the Nordic Growth Market stock exchange, bringing its share price growth to 280% since announcing its Bitcoin (BTC) strategy on May 22, MarketWatch data shows.The $10.6 million raise is nearly five times larger than its previous $2.2 million raise led by Bitcoin cypherpunk Adam Back on May 25. Source: H100 GroupMore companies are becoming Bitcoin companies by the weekH100’s latest raise to buy more Bitcoin reflects…

Blockchain technology has become a buzzword in recent years, but many people still find it confusing. Imagine if there was a way to simplify this complex system—say, through a superhero who fights for transparency and security in the digital world. Welcome to the Blockchain Superhero, a metaphorical guide that breaks down blockchain for total beginners. Who is the Blockchain Superhero? The Blockchain Superhero isn’t a cape-wearing crusader but rather a personification of blockchain itself. This hero fights for trust, security, and transparency in a digital world filled with fraud and corruption. Their superpowers? A decentralized ledger (cape), cryptography (mask), and…