Author: Kryptonews

Key NotesThe SEC secured a $1.1M judgment after Keith Crews failed to appear in court.Crews allegedly defrauded investors with a fake crypto project “Stemy Coin”.Court imposes permanent ban on Crews from future securities violations. The U.S. Securities and Exchange Commission (SEC) recently secured a legal victory against Keith Crews, who was accused of operating a deceptive cryptocurrency scheme. Crews, sued by the SEC in 2023, failed to appear in court to respond to the charges. Due to his absence, the court issued a default judgment in the SEC’s favor, awarding the agency a total of $1.1 million. On June 3,…

Key Takeaways Webus plans a $300 million financing strategy to establish an XRP reserve. The XRP reserve aims to revolutionize cross-border payments with instant, low-cost settlements. Share this article Nasdaq-listed Webus International Limited on Tuesday submitted Form 6-K to the US SEC, disclosing a strategic agreement with Samara Alpha Management LLC, which sets the stage for the potential establishment of an XRP treasury.Certain foreign private issuers with securities traded on US exchanges file Form 6-K with the SEC to provide current information about their operations, financial condition, or material events.Its purpose is to keep US investors informed about material developments…

The rise of digital currency, particularly Bitcoin, has spurred much discussion about its use as an investment, a speculative asset, and even a potential replacement for traditional fiat currencies. While debates regarding market volatility and regulatory challenges continue, a less discussed but equally significant aspect of Bitcoin is its potential for social good.## Empowering Financial InclusionOne of the most compelling arguments for Bitcoin’s positive impact lies in its ability to provide financial services to the unbanked and underbanked populations around the world. Millions lack access to traditional banking systems due to geographical limitations, socioeconomic factors, or lack of proper identification.…

A new contemporary art museum is slated to open next year in Slovenia in the foothills of the Julian Alps. Named after its founders, Slovenian philanthropists Igor and Mojca Lah, Muzej Lah will house the Fundacija Lah art collection.On its website, the Swiss-based nonprofit foundation says it “supports and promotes local and international projects across the cultural spectrum, including visual art, theatre, film, dance and music.”The collection of around 800 works has been built by the couple over the last 30 years. It includes pieces by over 100 international and Slovenian artists including Joseph Beuys, Ilya and Emilia Kabakov, Anselm…

The widespread adoption of blockchain technology depends heavily on the ability to scale trust mechanisms efficiently. As blockchain systems move from niche applications to mainstream use, their governance models must adapt to meet the demands of transparency, security, and regulatory compliance. The current limitations in blockchain governance—such as scalability challenges, decision-making inefficiencies, and regulatory uncertainty—must be addressed to ensure seamless integration with traditional systems. The Scalability Challenge in Trust Mechanisms Current blockchain governance systems often rely on small, centralized groups or consensus mechanisms that struggle to keep pace with mainstream adoption. On-chain governance, for example, can be slow and costly,…

Since the first post in December 2013, the Ethereum Foundation (EF) blog has been the primary way teams within the EF communicate. From announcements about events, to grant waves, protocol upgrades, regular updates from specific teams or discussing Ethereum’s vision and roadmap, the blog has been a helpful resource for those looking to stay in the loop. However, there’s been one big problem: despite our global Ethereum community, this information has primarily only been available in English. Accessing this information is a challenge for the billions of non-English speakers around the world. ethereum.org and the Translation Program We’ve already seen…

Key Takeaways:Ripple faces a critical legal juncture as the SEC’s 60-day deadline to update the U.S. Court of Appeals expires June 16.XRP attorney Bill Morgan suggests pivotal movement could occur within this tight window.Market sentiment and legal experts remain sharply divided on whether a settlement is near or if a protracted appeal is inevitable.The legal saga between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may be approaching a decisive moment. With the SEC required to submit a status report to the U.S. Court of Appeals by June 16, all eyes are on whether this 12-day countdown will…

Bitcoin cold storage is a method of keeping your cryptocurrency offline, making it significantly more secure than keeping it on an exchange or in a hot wallet (connected to the internet). In essence, it’s like storing physical valuables in a safe deposit box instead of keeping them under your mattress. Understanding cold storage is crucial for the long-term security of your Bitcoin investments. Why Use Cold Storage? The primary benefit of cold storage is its immunity to online attacks. Because your private keys are not stored on a device connected to the internet, hackers cannot access them remotely. Hot wallets,…

Introduction In traditional finance, intermediaries—such as banks and brokers—play a crucial role in facilitating transactions, enforcing contracts, and managing risk. However, these middlemen often introduce friction, higher costs, and single points of failure. The rise of decentralized finance (DeFi) changes this dynamic by leveraging blockchain technology to eliminate intermediaries, empower users, and create more transparent, accessible financial systems. The Problem with Middlemen in Traditional Finance Traditional financial systems rely on intermediaries to execute transactions, verify identities, custodize assets, and enforce agreements. While these roles were necessary in the pre-blockchain era, they come with significant drawbacks: Higher transaction costs – Banks,…

The world’s richest man took aim at President Donald Trump’s proposed spending package, calling the One Big Beautiful Bill Act a fiscal disaster.Teslo CEO Elon Musk, the former head of the Department of Government Efficiency, left the department as the legislation moved through Congress, warning it marks the largest increase in the debt ceiling in U.S. history.“This spending bill contains the largest increase in the debt ceiling in US history! It is the Debt Slavery Bill,” Musk, who ranks No. 1 on Bloomberg’s Billionaires Index, posted on X on Wednesday. “I think a bill can be big or it could…