Author: Kryptonews

Ripple’s stablecoin RLUSD expanded its circulating supply by 29% in the week ended June 8, adding $72.5 million and closing at $320.6 million.The movement marks the first time the token’s float crossed the $300 million threshold. Additionally, it represents a sixfold increase since the launch of RLUSD on Dec. 17, 2024.Data from Artemis shows the additional issuance coincided with a 38% increase in weekly transfer volume, which climbed to $648.1 million from $469.7 million seven days earlier. It is close to the weekly transfer volume peak registered between April 21 and 27, when users moved $741 million using RLUSD.Yet, the token…

The US securities regulator is working on an “innovation exemption” to stoke the creation of more onchain products and services, according to Securities and Exchange Commission chair Paul Atkins.Atkins, a former crypto lobbyist, said during a Monday crypto roundtable led by the SEC’s crypto task force titled DeFi and the American Spirit that he has directed staff to consider a conditional exemption relief framework. Exemptions could speed up innovationThese temporary exemptions would relieve firms from specific regulatory requirements to foster innovation in emerging tech sectors, provided they meet certain conditions.Atkins said it would speed up the process of bringing onchain products…

The Web3 Revolution: Predicting the Biggest Blockchain Trends of 2025 1. Decentralized Identity (DID) and Self-Sovereign Identity (SSI) One of the most significant trends expected to explode in 2025 is Decentralized Identity (DID) and Self-Sovereign Identity (SSI). Traditional identity systems are centralized, vulnerable to hacks, and lack user control. Blockchain-based DIDs solve this by allowing individuals to store and manage their digital identities securely on-chain, reducing reliance on centralized parties like Google or Meta. Major companies and governments are experimenting with blockchain DIDs for secure authentication, KYC/AML compliance, and web privacy initiatives. Expect more real-world applications in financial services, healthcare,…

Leading cloud mining platform FioBit has officially announced the launch of its new generation of AI-powered Bitcoin cloud mining smart contracts. With no hardware required and zero technical background needed, users can now earn up to $5,440 in daily stable income by simply registering with an email. With automated mining driven by AI, users can mine popular cryptocurrencies like Bitcoin, Litecoin, and Dogecoin with just one click.AI Automation: A True Zero-Management Passive Income System for EveryoneFioBit’s smart contracts are fully powered by AI algorithms that dynamically select the highest-yielding mining pools and allocate hash power for maximum profitability. This enables…

Negative/Cautionary: Navigating the Realm of Risks and ConsequencesWe live in a world that constantly encourages positivity and forward momentum. However, ignoring potential pitfalls and negative consequences can lead to significant problems. A healthy awareness of the negative, or a cautionary perspective, is crucial for responsible decision-making, risk mitigation, and overall well-being. This isn’t about dwelling on the worst-case scenario, but rather about understanding potential dangers and proactively preparing for them.## The Importance of Identifying Potential DownsidesIgnoring the negative aspects of a situation, a plan, or even a belief can create blind spots. These blind spots leave us vulnerable to unforeseen…

Introduction to Smart Contracts Smart contracts are self-executing agreements with the terms of the deal written directly into lines of code. They automate the enforcement and execution of contracts without the need for intermediaries, reducing fraud and increasing efficiency. Deployed on blockchain networks, smart contracts are immutable (tamper-proof) and transparent, ensuring fairness and reliability in various industries, from finance to supply chain management. How Smart Contracts Work At their core, smart contracts function by following a simple principle: if-then logic. Once pre-defined conditions (the "if" part) are met, the contract automatically executes the agreed-upon terms (the "then" part). For example,…

Institutional crypto investment vehicles enjoyed nearly $225 million in inflows last week, according to CoinShares. In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that last week’s institutional crypto inflows, while positive, have fallen significantly in the last two weeks, perhaps due to uncertainty on US monetary policy. “Digital asset investment products saw US$224m in inflows last week, extending this 7-week streak to US$11bn. However, there has been a noticeable deceleration amid uncertainty over monetary policy, with investors adopting a wait-and-see stance ahead of further signals from the US Federal Reserve on inflation.” Source: CoinShares Regionally, the US led…

US Securities and Exchange Commission (SEC) Chair Paul Atkins took aim at the previous administration’s crypto policies in the regulator’s latest roundtable event exploring digital asset regulation.In a Monday event led by the SEC’s crypto task force titled “DeFi and the American Spirit,” Atkins said the prior administration, suggesting the agency’s stance on digital assets under former chair Gary Gensler, took a heavy-handed approach through the courts. He added that the SEC’s policies on staking as a service provider needed congressional approval to have lasting authority, and touted self-custody as a “foundational American value.”“I’m in favor of affording greater flexibility…

A crypto founder has been arrested in New York for allegedly using his crypto firm, Evita Pay, to funnel around $530 million into the US from sanctioned Russian banks to help Russians access highly sensitive American technology.Iurii Gugnin was hit with a 22-count indictment and will face charges related to wire and bank fraud, money laundering and operating an unlicensed money transmitting business, among others, the US Department of Justice said on Monday. If convicted, Gugnin could spend life behind bars. It’s the latest case involving the use of crypto to attempt to bypass sanctions and launder funds.Source: Inner City PressThe…

Introduction to Blockchain Innovation Blockchain technology has moved far beyond its cryptocurrency origins, with startups worldwide leveraging its decentralized, secure, and transparent nature to solve real-world problems. From supply chain management to healthcare, these innovative companies are proving that blockchain can transform industries at scale. Here’s a look at how garage-born ideas are evolving into global game-changers. Blockchain in Supply Chain & Logistics One of the biggest pain points in global trade is transparency—knowing where goods come from, how they are handled, and whether they are genuine. Blockchain startups like VeChain (founded in Singapore) and Waltonchain (China) are tackling this…