Author: Kryptonews

tl;dr Altair is fast approaching. Upgrade your nodes! Now! 🚨Upgrade to Altair before Oct 27🚨 As mentioned in the previous Finalized post, Altair is scheduled to go live at epoch 74240 — Oct 27, 2021, 10:56:23am UTC. See the Altair Mainnet Announcement for details on who, how, and why. Suffice it to say here that the upgrade is in approximately one week, so the time to upgrade your node is now. If you run a validator on the beacon chain, you must upgrade before the Altair upgrade epoch or else you will experience downtime penalties. Note: 4 of the 5…

Introduction to blockchain adoption by major banks For years, blockchain technology has been synonymous with decentralized finance (DeFi) and cryptocurrencies like Bitcoin. However, traditional financial institutions are now recognizing the transformative potential of blockchain beyond digital assets. Major banks, initially skeptical or even adversarial toward crypto, are actively exploring blockchain’s benefits for efficiency, security, and cost reduction. From custody solutions to tokenized assets and cross-border payments, Web3 adoption is reshaping Wall Street from within. Why banks are embracing blockchain Banks face increasing pressure from decentralized platforms offering lower fees and faster transactions. Blockchain technology provides a viable solution by streamlining…

Almost a third of the Bitcoin supply is held and controlled by centralized treasuries, and early adopters hold a disproportionate share, according to recent research by Gemini and Glassnode. Centralized treasuries, including governments, exchange-traded funds, and public companies, now control 30.9% of the circulating supply of Bitcoin (BTC), “signaling a growing shift toward institutional-grade infrastructure,” noted researchers in a report on Wednesday. The total Bitcoin held across major institutional and custodial entities has surged to 6.1 million BTC, worth around $668 billion at current prices, representing an increase of 924% in supply held by these entities over the past decade, they…

Harnessing the power of Bitcoin hinges on understanding its core mechanic: private keys. These cryptographic secrets act as the ultimate authority over your Bitcoin holdings. Lose them, expose them, and you risk losing everything. This article delves into the dangers of exposed private keys and how to safeguard your digital assets. What Are Private Keys? Think of your Bitcoin address as your bank account number. You can share it publicly so people can send you money. The private key, on the other hand, is like your bank account password, signature, and ATM PIN all rolled into one. It’s a long…

Bitwise CIO Matt Hougan said the “megatrend” of public companies adding Bitcoin (BTC) to treasury reserves will continue accelerating as the movement is still in its early stages.Hougan made the statement during a June 10 interview on CNBC, where he highlighted that 79 listed firms now hold roughly $57 billion worth of Bitcoin as of March-end.Drivers and limits of adoptionCorporations have historically placed surplus cash in short-term Treasuries or bank deposits to store value. However, Hougan argued that unprecedented deficits and money creation now push finance chiefs to seek an alternative store of value. He said:“They [corporations] need another way to protect…

Disney and Universal have sued artificial intelligence firm Midjourney for copyright infringement over its AI-powered image generator.In a legal complaint filed in Los Angeles on Wednesday, the entertainment giants accused Midjourney of using works related to copyrighted characters to train its large language model (LLM) and distributing images of the copyrighted characters.There are already several court cases against AI firms filed by authors and artists for alleged copyright infringement; however, this is the first time that major movie studios have waded into the AI legal saga. Star Wars, Marvel, The Simpsons characters copied Among the works that have allegedly been copied without…

Secure Voting Systems with Blockchain Traditional voting systems face challenges such as fraud, mismanagement, and lack of transparency. Blockchain technology can revolutionize this by offering secure, immutable, and tamper-proof voting solutions. Verifiable Transparency – Citizens can track their votes on an open ledger, ensuring that tallies match cast ballots. Reduced Tampering – Blockchain’s immutability prevents unauthorized alterations of election data. Real-Time Auditing – Auditors and citizens can independently verify results, enhancing democratic integrity. Countries like Estonia and Switzerland have tested blockchain-based voting pilots, improving voter trust and efficiency. Blockchain for Land Records Management Real estate and land ownership are?often plagued…

The Museum of Contemporary Art Los Angeles said it would keep its Geffen Contemporary space closed to the public through the weekend as the National Guard continues to face off with anti-ICE protestors nearby. This past Sunday, MOCA closed the Geffen Contemporary space, currently host to an Olafur Eliasson show; the venue has been shuttered since then. On Wednesday, the museum said the closure would remain in place. “In light of the evolving conditions in downtown Los Angeles and the Geffen Contemporary at MOCA’s proximity to ongoing demonstrations and increased military activity near the Los Angeles Federal Detention Facility, we are making…

Bitcoin and other cryptocurrencies have revolutionized finance, but their decentralized and often anonymous nature also makes them a breeding ground for scams. A crucial defense against these scams lies in understanding how to identify fake Bitcoin addresses. A fake address can lead to the irreversible loss of your cryptocurrency funds, so vigilance is paramount.## Understanding Bitcoin AddressesA Bitcoin address is a string of 26-35 alphanumeric characters that represents a specific location on the Bitcoin blockchain where you can receive Bitcoin. It’s like your bank account number, but for Bitcoin. Bitcoin addresses typically begin with either a ‘1’, ‘3’, or ‘bc1’…

The Next Internet Evolution: Blockchain Paves the Path to Web3 A Brief History of the Web The internet has undergone several transformations since its inception. Web1, the first generation, was primarily read-only—static websites with limited interactivity. Web2, which emerged in the early 2000s, introduced user-generated content, social media, and centralization, with tech giants controlling much of the data and infrastructure. Today, we stand on the cusp of Web3, a decentralized internet built on blockchain technology, promising greater user control, transparency, and interoperability. What is Web3? Web3 represents a vision of an internet where users own their data, identity, and digital…