Author: Kryptonews

A group of officials overseeing major UK cultural institutions, including the British Museum, the Victoria and Albert Museum, and the National Gallery, have signed a public letter defending the use of funding from corporate sponsors, a practice that has been widely criticized by activist groups. Published in the Financial Times, the brief letter calls for an end to what it describes as “relentless negativity” surrounding private sector partnerships. Authored by Alistair Spalding and Britannia Morton, co-chief executives of Sadler’s Wells Theatre, the letter is backed by ten organizations, including the Science Museum Group. The letter comes one year after protests over…

Key Takeaways:Pump.fun is reportedly gearing up to launch a token presale to raise $1 billion at a $4 billion valuation.The Solana-based memecoin launchpad has made more than $700 million in revenue and launched over 11 million tokens.Speculation suggests a token drop and user airdrop may happen within two weeks, triggering major shifts in Solana meme assets.Pump.fun—the platform that turned Solana into the fastest-moving meme coin factory—may be on the brink of its biggest play yet. A pre-sale for a native token can’t be confirmed but the reports have been looking more and more credible as speculation flies, sell-offs happen, and…

Introduction Non-Fungible Tokens (NFTs) have evolved beyond their origins in digital art, expanding into industries such as ticketing, gaming, and real estate. While the hype surrounding NFTs has seen fluctuations, innovators are betting on their long-term utility. NFTs in the Art World: Beyond speculative hype Digital art remains a core use case for NFTs, with marketplaces like OpenSea and Rarible allowing creators to authenticate ownership of digital works. The long-term potential lies in fractional ownership of high-value art, making collecting accessible to a broader audience. Artist collaborations with brands (e.g., Coca-Cola, Nike) could further establish NFTs as a legitimate medium.…

Bitcoin’s price has been on a rollercoaster, leaving investors and enthusiasts alike scrambling to understand what’s next. From hitting all-time highs to experiencing significant dips, the volatility is undeniable. So, what are the experts saying about the current state of Bitcoin and where it might be headed? Let’s dive into some prominent perspectives. The Bulls: Inflation Hedge and Institutional Adoption A segment of experts remains bullish on Bitcoin, primarily focusing on its potential as an inflation hedge. As traditional currencies face inflationary pressures, they argue, Bitcoin’s limited supply of 21 million coins makes it a desirable store of value. This…

Apple’s plan to launch its new artificial intelligence services in China, in partnership with Alibaba, is facing delays after Beijing’s top internet regulator failed to approve the applications. The two companies had worked together to bring “Apple Intelligence,” the iPhone maker’s suite of AI tools, to Chinese users, using Alibaba’s latest AI models to power the system. This year, Apple and Alibaba submitted multiple co-developed AI products to the Cyberspace Administration of China (CAC) for authorization. However, those submissions remain under review at the CAC, according to two sources familiar with the matter, who pointed to growing political tensions between…

SharpLink Gaming plans to offer up to $1 billion worth of shares of common stock in order to buy Ethereum to boost its holdings, continuing its efforts to build an Ether treasury. According to an SEC filing, the U.S.-based company plans to issue up to 72.05 million shares of common stocks. These stock will be marked under the symbol “SBET.” As much as 12.6 million shares in the offering will be valued at $79.21 per share, as per the reported sale price registered to Nasdaq on May 29. However, the actual number of shares the company plans to issue will…

A suspect allegedly behind recent high-profile crypto kidnappings in France has been arrested in Morocco, according to Maghreb Arab Press, a government-run press agency.At the request of French authorities, a joint operation of Morocco’s National Judicial Police Brigade (BNPJ) and the General Directorate of Territorial Surveillance (DGST) took the 24-year-old French-Moroccan suspect into custody, according to a statement from Moroccan police distributed by MAP. The press agency described the man, who was identified by French press as Badiss Mohamed Amide Bajjou, as a mastermind of the crimes.”I sincerely thank Morocco for this arrest, which demonstrates the excellent judicial cooperation between…

The Russian Central Bank has unveiled plans to allow domestic corporations to buy foreign stablecoins, but looks set to bar them from buying USDT and USD Coin (USDC).Per an official Central Bank notice and a report from the Russian media outlet RBC, the bank has put its proposal up for public discussion. It will invite comments on the plan until June 15.Russian Stablecoins PlanAccording to the draft proposal, the bank wants to let Russian legal entities that do not meet the criteria of “qualified investors” to acquire “foreign digital rights.” The bank said that trading in these assets should be…

A surge in Bitcoin adoption is sweeping across Venezuela as the nation grapples with hyperinflation and political instability, making the cryptocurrency an increasingly attractive alternative for ordinary citizens seeking financial stability.## Hyperinflation Fuels Bitcoin InterestVenezuela has been plagued by economic woes for years, with hyperinflation eroding the value of the Bolivar at an alarming rate. Ordinary Venezuelans find their savings decimated overnight, making it difficult to afford basic necessities. In this environment, Bitcoin offers a haven from the devaluing currency. By converting their Bolivar into Bitcoin, citizens can shield their wealth from inflation and preserve its purchasing power.## Bitcoin as…

The blockchain industry has witnessed explosive growth in recent years, driven by increasing adoption, technological advancements, and surging venture capital investments. Investors, from seasoned VCs to crypto-native funds, are pouring billions into startups pushing the boundaries of blockchain innovation. Below are key reasons why investors are betting big on these breakthrough blockchain startups. ## The Potential for Decentralized Finance (DeFi) Disruption DeFi has emerged as one of the most promising use cases for blockchain technology, offering an alternative to traditional financial systems. Investors are excited about startups that provide decentralized lending, borrowing, trading, and yield farming services. These platforms eliminate…