Author: Kryptonews

The U.S. Senate has taken a major step toward federal regulation of stablecoins on Wednesday, voting 68-30 to invoke cloture on a substitute amendment to the GENIUS Act. The move clears the way for a final vote on the legislation as early as Monday, unless Senate leaders agree to speed up the debate process.Senate Advances GENIUS Act, Paving Way for Final Stablecoin VoteOfficially titled the “Guiding and Establishing National Innovation for U.S. Stablecoins Act,” the GENIUS Act proposes strict rules for stablecoin issuers. It would require all stablecoins to be fully backed by U.S. dollars or similarly liquid assets. JUST…

Two of the men charged with the kidnapping and torture of a cryptocurrency holder visiting New York City have reportedly pleaded not guilty to all counts.In a Wednesday hearing in the New York Supreme Criminal Court, John Woeltz and William Duplessie pleaded not guilty to kidnapping and false imprisonment of Michael Valentino Teofrasto Carturan, Reuters reported. The two men are accused of abducting the tourist, who was apparently a friend, from New York City and administering electric shocks, beatings, and other forms of torture in an effort to gain access to his crypto wallet.Justice Gregory Carro, overseeing the case in…

Navigating the world of Bitcoin can feel like stepping into a complex labyrinth. One of the first, and most crucial, decisions you’ll make is choosing a Bitcoin wallet. This wallet is your access point to your digital assets, making security paramount. Don’t treat it as an afterthought; rather, consider it the cornerstone of your Bitcoin strategy. Understanding the Landscape of Bitcoin Wallets Bitcoin wallets aren’t actually storing the Bitcoin itself. Instead, they store the private keys used to authorize transactions on the Bitcoin blockchain. These keys are what gives you control over your Bitcoin. The wallet’s primary job is to…

The adoption of blockchain technology in property transactions has been hailed as a revolutionary step, promising greater transparency, security, and efficiency. While these benefits are significant, there are hidden risks and costs that must be carefully considered. This article explores the potential drawbacks of blockchain in property and whether the advantages ultimately outweigh the trade-offs. ## The Promised Benefits: Transparency, Security, and Efficiency Blockchain technology records transactions across a decentralized network, making data irreversible and tamper-proof. In property, this translates into immutable records of ownership, reducing fraud and disputes. Smart contracts can automate legal processes, streamlining transactions and eliminating middlemen.…

GameStop (GME), the embattled video game retailer turned meme stock, announced Wednesday a $1.75 billion convertible senior note offering.Proceeds will be used at least in part for “making investments in a manner consistent with GameStop’s Investment Policy,” per a company press release. Said investment policy is to add bitcoin as a treasury reserve asset, according to a March release from the company.Today’s offering, only open to qualified institutional buyers, includes an option for purchasers to buy an additional $250 million in notes within two weeks of the initial issuance,. The notes carry no regular interest and will mature in June…

On June 11, Senior United States Senator from South Dakota, John Thune, made a huge statement about cryptocurrency, saying, “cryptocurrency is here to stay, and it’s time that we bring it into the mainstream.” Senator John Thune Highlights Growing Adoption of Cryptocurrency While addressing the Senate floor to discuss the GENIUS Act, Senator John Thune affirmed that a significant number of netizens are engaging with cryptocurrency, including the growing use of stablecoins.  JUST IN: 🇺🇸 Senator John Thune says “cryptocurrency is here to stay, and it’s time that we bring it into the mainstream.” pic.twitter.com/nHajZpPAOH — Watcher.Guru (@WatcherGuru) June 11,…

Truth for the Commoner (TFTC), a media company that advocates for Bitcoin and sound money principles via a newsletter and podcast, launched the “Opportunity Cost” browser extension on Wednesday, allowing users to view online prices in Bitcoin (BTC) or sats to weigh purchasing decisions.TFTC founder and contributor Marty Bent outlined three main goals of the extension, including promoting low time preference behavior — a reference to a willingness to defer present consumption to meet future needs — increasing Bitcoin adoption and providing a tool for business owners to calculate revenue denominated in BTC. Bent told Cointelegraph:”The concept of opportunity cost…

Bitcoin and Ethereum, the two behemoths of the cryptocurrency world, often stand in stark contrast despite sharing the foundational technology of blockchain. A key element differentiating them lies in their design philosophies: Bitcoin prioritizes simplicity, focusing on a single, well-defined use case, while Ethereum embraces complexity, aiming to be a versatile platform for decentralized applications (dApps). A deeper dive into their technical architectures highlights these fundamental differences.## Transaction Structure and Scripting LanguageBitcoin’s transaction structure is relatively straightforward. Each transaction involves inputs (references to previous outputs) and outputs (specifying the recipient and amount). The critical piece is the scripting language, Bitcoin…

Celebrity Influence on Fashion Trends Celebrities have long served as style icons, setting trends and influencing consumer fashion choices. Whether walking the red carpet, appearing in music videos, or posting on social media, their outfits are closely scrutinized and often emulated by fans. Brands recognize this power, frequently partnering with celebrities for endorsements and collaborations that drive sales. For example, when Harry Styles wore a Gucci dress in Vogue, it reignited conversations about gender-neutral fashion, encouraging mainstream acceptance of androgynous styles. Similarly, fashion moments like Lady Gaga’s meat dress at the VMAs or Rihanna’s bold streetwear looks shape fashion discourse…

Aura (AURA), a culture token built on the Solana (SOL) blockchain, has skyrocketed by over 3,500% in the past 24 hours, marking an extraordinary price surge. This dramatic spike has enabled numerous investors to secure significant profits. Yet, market analysts caution that the rally may be part of a larger rug-pull scheme. Why is Aura Token’s Price Surging? According to the latest data, AURA pumped from a low of $0.001 to $0.037 at press time. This marked an appreciation of 3,538% over the past day. In addition, the market capitalization has climbed from around $1.1 million to $34.4 million.  AURA…