Author: Kryptonews

Multi-signature wallets are experiencing a surge in popularity in 2023, and for good reason. As the cryptocurrency landscape continues to mature and attract both individual investors and institutional players, the need for enhanced security measures has become paramount. Multi-sig wallets provide a significantly improved level of protection compared to traditional single-signature wallets, mitigating risks associated with theft, loss, and internal collusion.## Heightened Security for Digital AssetsSingle-signature wallets, where access is controlled by a single private key, present a single point of failure. If that private key is compromised, the entirety of the wallet’s contents is at risk. Multi-signature wallets, on…

A former director of museums devoted to Frida Kahlo and Diego Rivera in Mexico City has accused the trust that oversees those two institutions of years of mismanagement. In a statement to the Art Newspaper, which first reported news of Soto’s claims, the trust said the former director never officially reported concerns about the status of the collections during her tenure. Hilda Trujillo Soto, who led the two museums between 2009 and 2020, made her allegations public in an extensive blog post published in early April. She alleged that the trustees failed to properly address a discrepancy in their records…

The Rise of Ethereum Competitors Ethereum has long dominated the decentralized application (dApp) and smart contract space, but several blockchain platforms are now challenging its position with faster transaction times, lower fees, and innovative scaling solutions. These competitors aim to capture market share by addressing some of Ethereum’s most pressing limitations—high gas fees, slow transaction confirmation times, and limited scalability. Leading Contenders: Who Could Overtake Ethereum? Solana Solana has earned a reputation for its lightning-fast transaction speeds (up to 65,000 TPS) and near-zero fees, thanks to its Proof-of-History (PoH) consensus mechanism. Unlike Ethereum, which relies on a gas-based fee system,…

The advent of Bitcoin, initially conceived as a peer-to-peer electronic cash system, has sparked a revolution that extends far beyond simple digital transactions. This revolution is manifesting itself in Decentralized Finance (DeFi), a burgeoning sector aimed at rebuilding traditional financial services on transparent and permissionless blockchains. Bitcoin, while not the direct technological backbone of every DeFi application, serves as the philosophical and foundational cornerstone of this transformative shift. The Genesis of DeFi: Seeds of Decentralization Bitcoin’s success can be attributed to its decentralized nature, free from the control of central authorities and traditional financial institutions. This underlying principle is the…

Key takeaways: Ether futures open interest has surged 40% in 30 days, while the spot ETH ETFs marked four consecutive weeks of inflows.ETH’s Gaussian channel indicator suggests a rally to $3,100 to $3,600 could occur.Ethereum’s native token, Ether (ETH), has consolidated between $2,300 and $2,800 for the past 30 days, but this sideways phase could be coming to an end. The 4-hour chart shows ETH retaining support from the 200-day exponential moving average (EMA), and the price is forming a hidden bullish divergence with the relative strength index (RSI). A hidden bullish divergence occurs when the price forms higher lows…

Share this article Cryptocurrencies and crypto assets are more popular today than they have ever been, especially here in the UK. The numbers surrounding the adoption of digital currencies have been rising across different demographics, from first-time investors to full-time traders and even long-time sceptics. But as more people get involved, the UK’s tax authority is taking a closer look, especially when it comes to the growing need for crypto tax compliance.So, in this guide, we’ll break down what the UK crypto tax scene looks like, how it works, what exactly is taxable, what’s not, and what you need to…

Note: this post was updated on April 4, 2022 to include a full copy of the Client Incentive Program details. A diverse set of clients is key to the Ethereum network’s health and decentralization. Diversity ensures that innovation continues at the base layer of the protocol, that the network is resilient in the face of potential attacks or bugs, and that a broad set of participants are engaged in debating potential changes to core protocol. While clients provide an essential service to the network (without them, there is no network!), it has historically been difficult for them to capture value.…

After plummeting to concerning lows, Bitcoin has demonstrated remarkable resilience, staging a significant recovery that has caught the attention of investors and analysts alike. The cryptocurrency experienced a sharp dip, fueled by a combination of factors including regulatory concerns, macroeconomic uncertainty, and profit-taking. However, the recent resurgence suggests a renewed confidence in the long-term viability of Bitcoin.## Factors Contributing to the RecoverySeveral factors appear to be driving Bitcoin’s impressive comeback. Increased institutional adoption remains a powerful force, with major corporations continuing to explore and integrate Bitcoin into their investment strategies. Furthermore, positive sentiment regarding potential regulatory clarity in some jurisdictions…

What is a Blockchain? Before diving into the differences between public and private blockchains, it’s important to understand what a blockchain is. A blockchain is a distributed digital ledger that records transactions across multiple computers in a network. This technology ensures transparency, security, and immutability of data once it is recorded. Blockchains can be categorized into two main types: public (permissionless) and private (permissioned), each with distinct features and use cases. Public vs. Private Blockchains Public (Permissionless) Blockchains What is it?Public blockchains are decentralized, open-source networks that allow anyone to join and participate. The most famous example is Bitcoin, followed…

Bitcoin’s quiet climb on Monday accelerated to its strongest price in June, rebounding from last week’s decline to near all-time high levels.The largest crypto advanced by 3.7% over the past 24 hours, topping $110,000, and it’s changing hands by only 2% from its record prices observed in May. Ethereum’s ether kept pace with a 3.8% gain during the same period, bouncing above $2,620. Native tokens of Hyperliquid and SUI outperformed most large-cap cryptocurrencies, rising 7% and 4.5%, respectively.Bitcoin’s move higher caught leveraged traders off-guard, liquidating over $110 million worth of short positions within an hour, CoinGlass data shows. Across all…