Author: Kryptonews
Bitcoin holders have increased their profit-taking activity since the cryptocurrency’s price averages flashed a key bullish signal two weeks ago.BTC’s 50-day simple moving average (SMA) crossed above its 200-day SMA on May 22, confirming a golden cross – a technical indicator signaling bullish long-term momentum, according to data from TradingView. On the same day, bitcoin’s price hit a record high above $111,000, according to CoinDesk data.Still, holders are increasingly locking in gains rather than holding for further upside, according to on-chain data tracked by Glassnode.”Entity-adjusted realized profit spiked above $500M/hour three times in the past 24 hours, signaling intense profit-taking…
Magic Eden announced a Trump-branded crypto wallet this week, but the launch drew immediate backlash from the Trump family, showing growing tensions between political branding and crypto ventures.The major NFT marketplace announced Tuesday that it had partnered with the team behind the $TRUMP meme coin to roll out the “Official $TRUMP Wallet.” The wallet, now available for waitlist sign-ups at TrumpWallet.com, promises users the ability to trade $TRUMP tokens and other cryptocurrencies including Bitcoin. A promotional sweepstakes tied to the launch dangles a $1 million prize pool in $TRUMP rewards.Trump Sons Disavow Crypto Wallet, Warn of Unauthorized Use of NameEric…
The world is in a constant state of flux, driven by technological advancements and evolving societal needs. Staying ahead requires an understanding of emerging trends and embracing innovative solutions. Successfully navigating this landscape allows businesses and individuals to not only adapt but also thrive.## Sustainable Solutions: A Growing ImperativeSustainability is no longer a niche market; it’s a core expectation. Consumers are increasingly demanding eco-friendly products and practices, forcing businesses to prioritize environmental responsibility. Innovations in materials science, renewable energy, and circular economy models are driving this trend. Expect to see a greater emphasis on carbon-neutral operations, biodegradable packaging, and the…
The Benefits of Decentralization: Avoiding the Pitfalls of Fragmentation Decentralization is often hailed as a cornerstone of modern technology, enabling greater autonomy, resilience, and innovation. However, without proper structure, decentralized systems can quickly become fragmented—leading to inefficiency, incompatibility, and reduced usability. The key to unlocking the full potential of decentralization lies in interoperability, the ability of different systems to seamlessly exchange data and function together. What is Fragmentation in Decentralized Systems? Fragmentation occurs when multiple decentralized networks, blockchains, or platforms develop in isolation, each with its own unique protocols, standards, and interfaces. This can lead to a fractured ecosystem where…
Concerns continue to mount over Ethereum’s latest protocol upgrade as security risks attract malicious actors aiming to drain user wallets. The Ethereum Improvement Proposal EIP-7702, part of the Pectra upgrade introduced earlier this year, is drawing scrutiny across the crypto industry after numerous exploits have been observed on chain. Proposed by co-founder Vitalik Buterin, the upgrade was originally designed to enhance wallet functionality by allowing standard Ethereum wallets to temporarily behave like smart contracts. However, the feature has attracted significant attention from malicious actors exploiting its capabilities. Ethereum EIP-7702 Exploits on the Rise Security researchers have identified that multiple EIP-7702…
Pakistan is taking important steps to establish a clear regulatory framework for cryptocurrencies and digital assets. The Pakistan Crypto Council (PCC) recently held a high-level meeting at the Finance Division, chaired by Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue. The meeting gathered key officials, including the Governor of the State Bank of Pakistan (SBP), Chairperson of the Securities and Exchange Commission of Pakistan (SECP), and representatives from the Law and Information Technology ministries. Pakistan Advances Crypto Regulation Amid Bitcoin Reserve Plans The main aim of the meeting was to discuss and prepare a draft regulatory framework that…
California has taken a step closer toward embracing crypto after a bill allowing state departments to accept digital currencies sailed through the state’s lower house with a unanimous vote and is now headed for the Senate.Assembly Bill 1180 (AB 1180), which passed the California State Assembly on June 2 with a 68-0 vote on its third reading, would require the Department of Financial Protection and Innovation (DFPI) to develop rules permitting state fees and transactions under the Digital Financial Assets Law (DFAL) to be payable in crypto.The DFPI is California’s regulatory agency tasked with overseeing financial services and protecting consumers…
The Scalability Trilemma: Where Layer 2s Come In Since the dawn of blockchain technology, one of the biggest obstacles to mainstream adoption has been scalability. While early blockchains like Bitcoin and Ethereum offered unparalleled decentralization and security, they struggled to support high transaction volumes without surging fees and slow confirmation times. This dilemma—known as the scalability trilemma—highlighted a fundamental challenge: how to maintain decentralization and security while improving speed and cost-efficiency. Layer 2 blockchains emerged as a solution, offering a way to offload some of the computational load from the mainchain (Layer 1) without sacrificing trustlessness. By handling transactions off-chain…
Today’s episode is sponsored by Kraken Pro.Today’s Stories:Deutsche Bank to Delve Into Crypto Custody, Tokenization With Taurushttps://twitter.com/Jamie1Coutts/status/1702232759866163351?s=20A Year After Ethereum Merge, Net Supply Down Nearly 300K EtherSino Ocean: China property woes deepen as a big developer suspends debt payments | CNN BusinessFrom our sponsors:Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.It’s Kraken’s most powerful trading platform ever – packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.Head to pro.kraken.com and trade like a pro.Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset…
Timothy Morano Jun 04, 2025 03:54 Riot Platforms announced a notable 11% rise in Bitcoin production for May 2025, with 514 BTC mined, reflecting strategic advancements in its data center operations. Riot Platforms, Inc. (NASDAQ: RIOT), a prominent player in the Bitcoin mining and data center development sector, has reported a substantial increase in its Bitcoin production for May 2025. The company successfully mined 514 Bitcoins, marking an 11% increase from the previous month, according to Riot Platforms. Enhanced Bitcoin Production In a recent update, Riot Platforms highlighted its operational advancements, achieving a…
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