Author: Kryptonews

Bank of Korea (BOK) Governor Rhee Chang-yong will meet the presidents of other Korean banks to possibly discuss the quick issuance of Won-based stablecoins, a Newsis report noted.The discussions are likely to be held during the bankers’ dinner on June 23 at the Seoul Bankers’ Association building.The meeting is expected to address growing political pressure to allow the issuance of stablecoins. The news arrives days after the nation’s Democratic Party unveiled a bill to legalize the issuance of stablecoins by local firms. South Korea’s ruling Democratic Party has introduced the Digital Asset Basic Act to legalize stablecoin issuance.#SouthKorea #CryptoRegulations #Stablecoinshttps://t.co/5NLE2AEab5—…

Understanding Blockchain Security: A Deep Dive Blockchain technology is often touted for its security, immutability, and transparency. However, like any complex system, it is not immune to vulnerabilities. While the core principles of blockchain—such as cryptography, distributed consensus, and tamper-proof ledgers—make direct manipulation difficult, several attack vectors can exploit weak points in implementation, external systems, or even human behavior. This article explores blockchain security risks, common vulnerabilities, and best practices to mitigate attacks effectively. Common Vulnerabilities in Blockchain Systems Blockchain security depends on multiple layers, including the protocol, network, and external infrastructure. Several key vulnerabilities can be exploited if proper…

Polygon co-founder Sandeep Nailwal has officially assumed the role of CEO of the Polygon Foundation, marking a pivot in the organization’s leadership makeup and a sweeping overhaul of the network’s longterm roadmap.Nailwal, who launched the project in 2017 when it was still called Matic Network, will consolidate control and reorient the team toward AggLayer — Polygon’s new cross-chain liquidity protocol that promises seamless interoperability across networks.”This renewed control marks the beginning of a strategic push for Polygon to reclaim its position at the forefront of Web3,” the team wrote in a press release shared with CoinDeskAs chief executive, Nailwal will…

Alaska’s Senator Stands By Bold PredictionThe upcoming Bitcoin halving is generating buzz throughout the cryptocurrency world, and US Senator Dan Sullivan of Alaska is adding fuel to the fire. Sullivan has publicly reiterated his belief that the scheduled reduction in Bitcoin mining rewards will propel the cryptocurrency’s price to $100,000. This projection, initially made earlier this year, is based on fundamental economic principles and the historical performance of Bitcoin after previous halving events. Sullivan’s continued confidence highlights the growing awareness and acceptance of Bitcoin within governmental circles.Understanding the Halving MechanismThe Bitcoin halving is a pre-programmed event that occurs approximately every…

Cardano (ADA) has long been a staple of the cryptocurrency world, celebrated for its scientific approach to blockchain development and an active global community. However, as blockchain technology continues to evolve, a rising star in the form of Ruvi AI is catching the attention of sharp investors. With its blend of artificial intelligence, utility-driven goals, and strong presale performance, Ruvi AI may very well position itself alongside heavyweights like Cardano in the crypto space. What Sets Cardano Apart? Cardano’s methodical development strategy has attracted a loyal following. Its research-driven roadmap and focus on scalability, sustainability, and security have made it…

Crypto exchange MEXC has rolled out a $100 million user protection fund aimed at shielding its users from major platform breaches, technical failures or other serious security threats.The fund is structured to compensate users in the event of major security incidents, including breaches of the platform’s infrastructure, critical system vulnerabilities or large-scale targeted hacks, the exchange told Cointelegraph.  MEXC has also published wallet addresses linked to the fund on its website, allowing users to verify balances and monitor fund activity in real-time. A dedicated web portal will also provide information about the fund’s structure, covered scenarios and ongoing compensation cases.According to…

Bitcoin, the grandfather of all cryptocurrencies, has been captivating the world since its inception in 2009. Its decentralized nature, scarcity, and potential to revolutionize the financial system have made it a topic of intense discussion and debate. This brief overview will demystify Bitcoin, covering its core concepts, functionality, and the key elements that drive its value. What is Bitcoin and How Does it Work? Bitcoin is a digital currency, operating independently of central banks and governments. It’s based on a technology called blockchain, a shared, public ledger that records all transactions. Think of it like a digital record book that…

Blockchain in Real Estate: Separating Hype from Reality The promise of blockchain technology disrupting the real estate industry has been widely discussed in recent years. Proponents argue that it could revolutionize property transactions by enhancing transparency, security, and efficiency. However, critics question whether the current hype matches actual on-ground progress. Experts from various sectors of the industry weigh in on whether blockchain is truly poised to transform real estate or if its potential is exaggerated. What Does Blockchain Offer to Real Estate? Blockchain technology’s immutability and decentralized nature theoretically address long-standing inefficiencies in property transactions. Key benefits frequently cited include:…

Decentralized exchange (DEX) PancakeSwap has launched one-click crosschain swaps using Across Protocol, aiming to address one of the most pressing user experience (UX) issues in decentralized finance (DeFi).The integration allows users to swap assets without using complex blockchain bridges or other external third-party infrastructure that complicate the user experience and incur additional fees.Across’s intent-based transfers allow users to simply define their desired outcome, such as swapping USDC (USDC) on Base for Wrapped Ether (WETH) on Arbitrum, and a network of relayers competes to fulfill the transaction. One-click crosschain swaps enable token swaps directly through PancakeSwap’s interface among BNB Chain, Arbitrum and…

Trade officials in Brussels no longer believe negotiations with the United States will be done by Trump’s July 9 deadline, even though both sides have picked up the pace in the past week. According to Bloomberg, the European Union sees the most likely outcome as reaching just a basic agreement on general principles by the deadline — not a finished deal. That would leave a lot of important details still unresolved, and the White House hasn’t even responded yet to the EU’s latest proposal. Talks have turned urgent because Washington plans to hit almost all EU exports with a 50%…