Author: Kryptonews

Iris Coleman Jun 08, 2025 02:33 A new AI tool has been developed to identify and locate abandoned fishing nets, known as ghost nets, using advanced underwater imaging technology. In a significant stride for marine conservation, a new AI tool has been developed to identify and locate abandoned fishing nets, commonly referred to as ghost nets. This technology aims to mitigate the detrimental effects these nets have on marine wildlife. According to NVIDIA’s blog, conservationists have introduced a platform capable of analyzing vast amounts of underwater imaging data to pinpoint these ghost nets.…

Rampant electricity theft by illegal miners, inconsistent policies and a lack of legal clarity may deter Malaysia from tapping the potential of cryptocurrency mining, according to an industry report released by the Access Blockchain Association of Malaysia.Despite Malaysia’s strategic location, growing tech ecosystem and expertise in Shariah-compliant finance, the report suggests the country must iron out several internal factors to tap into the crypto mining revenue.A parallel economy of illegal minersMalaysian multinational electricity company Tenaga Nasional Berhad (TNB) lost 441.6 million Malaysian ringgit ($104.2 million) to electricity theft between 2020 and September 2024, which the company attributed mainly to illegal…

Many view government-issued, or fiat, currencies as the norm. However, a growing number of individuals are increasingly drawn to Bitcoin as a potentially superior form of money. This perspective stems from a number of fundamental differences between the two systems.## Decentralization and ControlOne of the primary arguments for Bitcoin’s superiority revolves around its decentralized nature. Unlike fiat currencies, controlled by central banks and governments, Bitcoin operates on a distributed ledger technology known as a blockchain. This means no single entity controls the network, making it resistant to censorship and manipulation. Central banks can (and do) print fiat currency at will,…

The Rise of Fraud and the Need for Secure Solutions In today’s digital age, online transactions have become the norm. However, with the convenience of digital payments comes the increasing threat of fraud and scams. From phishing attacks to fake online marketplaces, there are countless ways malicious actors try to steal money and sensitive data. Traditional payment systems often fall short in protecting users due to vulnerabilities in centralized databases and outdated security protocols. How Blockchain Technology Offers a Solution Blockchain technology, the backbone of cryptocurrencies, provides an alternative that dramatically enhances transaction security. Unlike traditional systems, blockchain operates on…

The Avalanche blockchain surpassed one million daily transactions twice in the span of a week, which is the first time the network hit this milestone since February 2024.Avalanche transactions topped the mark on June 1 and again on June 7. Total transactions for the week beginning June 2 reached 5.8 million, also the highest weekly total since early 2024 spikes, according to data from blockchain analytics platform Nansen.The spike in activity is largely driven by MapleStory Universe, Avalanche noted on X. MapleStory Universe is a Web3 gaming ecosystem built on Avalanche. Its first game, MapleStory N, launched on May 15.Before…

In brief The Dogecoin Millionaire is now the Pepe Millionaire, after he swapped all of his Ethereum holdings for the meme coin earlier this year. Glauber Contessoto rose to crypto notoriety in 2021 when his Dogecoin holdings surpassed $1 million. Now, he’s looking to also become a meme coin millionaire with Brett and Floki. Glauber Contessoto rose to crypto fame in 2021 when he became what was believed to be the first “Dogecoin Millionaire”—a title he wore proudly. Now, four years later, he’s claimed the title of “Pepe Millionaire,” while his DOGE stash has dipped slightly below that milestone level.Across…

Ethereum’s price is consolidating near $2,500 as institutions quietly ramp up their exposure to ETH. As of press time, Ethereum (ETH) is trading at $2,492, down 0.9% over the last day. The price is close to the lower end of its recent 7-day range between $2,419 and $2,666 and. Market activity appears to be picking up steam despite the slight decline. Ethereum’s 24-hour trading volume has increased by more than 25% to $11.42 billion, indicating a resurgence of investor interest. In line with this, Coinglass data shows that derivatives volume increased 21.9% to $37.36 billion, but a 1% decline in…

Hackers are increasingly targeting Bitcoin private keys, the digital keys that allow users to access and control their Bitcoin holdings. Losing your private key means losing access to your Bitcoin, with no hope of recovery. With the rising value of Bitcoin, the incentive for malicious actors to steal these keys has never been greater. Understanding the threats and implementing strong security measures is crucial for protecting your digital assets. Understanding the Bitcoin Private Key Threat Landscape Hackers employ a variety of methods to compromise Bitcoin private keys, from sophisticated phishing attacks to exploiting vulnerabilities in software and hardware. Some common…

Bitcoin continues to dominate the digital asset landscape, transcending its original role as an experimental peer-to-peer currency and cementing its position as a viable store of value and institutional asset. Recent geopolitical unrest and political controversies—ranging from economic uncertainty to high-profile social media disputes like former President Donald Trump’s verbal clashes with Elon Musk—have only confirmed Bitcoin’s unique role in today’s volatile economic ecosystem. Surprisingly, despite the chaos in both traditional finance and politics, Bitcoin (BTC) has not only weathered the storm but has demonstrated remarkable strength, holding steady above $105,000. This resilience is not coincidental; it’s reflective of a…

Introduction to the Metaverse and Blockchain The Metaverse—a collective term for shared, immersive virtual spaces—has emerged as a transformative force in digital interaction, commerce, and entertainment. Coupled with blockchain technology, which enforces transparency and ownership through decentralized ledgers, these virtual worlds are paving the way for secure, community-driven business ecosystems. Together, they promise to redefine how industries operate, from real estate and retail to art and finance, by creating hyper-realistic digital environments where businesses and users can connect, transact, and innovate in unprecedented ways. The Metaverse: A New Frontier for Virtual Commerce At its core, the Metaverse represents an evolution…