Author: Kryptonews

An auction of personal belongings from Silk Road founder Ross Ulbricht has brought in more than $1.8 million worth of Bitcoin as collectors vied for pieces of crypto history.Ulbricht, who was pardoned by former President Donald Trump earlier this year, offered a range of items through Bitcoin-only marketplace Scarce City.The collection included personal effects from before his 2013 arrest — such as a sleeping bag, backpack, and drum — as well as prison memorabilia like a lock, notebook, clothing, and several paintings created while incarcerated.“I’ve left Arizona, the state where I was in prison. It’s time to travel. That means…

Key NotesSui and Cetus Protocol have shared the latest update on recovering stolen funds.The embattled protocol has secured approval to send $162 million to a multisig wallet from 90% of validators.The hacker was offered a $6 million white-hat bounty reward, which has not been paid yet. . Recently hacked Cetus Protocol took to X to inform its users and the general public of its progress in recovering the stolen funds. It stated that it had received approval via the on-chain vote to transfer quarantined funds to a multisig trust account. Cetus Recovery Proposal Receives Support Through On-chain Vote The Sui…

Alvin Lang May 31, 2025 15:58 Linea has transitioned from extensive research in zero-knowledge technology to launching its testnet and Alpha mainnet, impacting the gaming, DeFi, and NFT sectors. Linea has emerged as a pivotal player in the blockchain space, having evolved from rigorous research into zero-knowledge technology to the launch of its testnet and Alpha mainnet. According to Linea.Build, the company’s journey began seven years ago, driven by a vision to harness the potential of zero-knowledge proofs, a cryptographic method enabling privacy-preserving transactions. From Research to Reality The development of Linea’s technology…

In May, the total amount stolen from crypto hacks declined drastically compared to April, with the largest incident making up around 90% of the month’s total, according to a blockchain security firm.The decline comes as the crypto industry has been stepping up its efforts to stay ahead of hackers. “In May 2025, ~20 major crypto hacks were recorded, resulting in total losses of $244.1M — a 39.29% decrease from April,” blockchain security firm PeckShield said in a May 31 X post.The majority of funds from the month’s largest hack were frozenThe most significant hack of the month occurred on the…

Think of Bitcoin as the digital gold of the internet. It’s a decentralized cryptocurrency, meaning no single entity controls it, unlike traditional currencies issued by governments. This characteristic, along with its limited supply, makes many people believe in its long-term value proposition. But, the world of cryptocurrency can seem daunting to newcomers. Where do you even start? This guide provides a gentle entry point for those looking to "dip their toes" into the world of Bitcoin. Understanding the Basics Before you buy any Bitcoin, it’s important to understand what you’re getting into. Bitcoin operates on a technology called the blockchain,…

The Rise of Fake News and Its Impacts In the digital age, misinformation and disinformation—colloquially known as "fake news"—have become insidious threats to public discourse, democratic processes, and even global health. The speed at which false narratives spread online, amplified by social media and algorithmic echo chambers, has eroded trust in institutions and media outlets. Compounding the issue, deepfakes and synthetic content make it increasingly difficult to distinguish fact from fabrication. Traditional fact-checking methods, while crucial, are slow and manually intensive, leaving a gap that AI and blockchain technologies are now filling. Automated content verification tools, backed by decentralized blockchain…

“Never buy good pictures,” says Zsa-Zsa Korda, the protagonist of Wes Anderson‘s new film, The Phoenician Scheme, now playing in theaters in New York and Los Angeles. “Buy masterpieces.” It’s good advice to any aspiring art collector. But with what money? Korda has less words of wisdom to offer on that front. That’s because Korda, played by Benicio del Toro, has found himself in a pickle: he’s trying to execute a shady plan—the titular Phoenician Scheme—to open a waterway somewhere in the vicinity of the Mediterranean, but he doesn’t have the funds needed to do so. (There’s also the fact…

In brief Gold has outpaced Bitcoin in recent days, reversing an earlier May trend. Gold has surged by roughly 27% year-to-date, while Bitcoin is up about 12%. Bitcoin exchange-traded funds have collected more cash than their gold counterparts in recent weeks. Bitcoin sank on Thursday and Friday, continuing its decline for much of the past week as investors pivoted away from the world’s most valuable cryptocurrency in favor of the most traditional safe haven asset: gold.This recent trend appeared to restore the paths that the two assets have traveled for most of 2025, with gold’s gains outpacing those of BTC. “There’s…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum (ETH) is gaining traction as it climbs within a well-structured ascending channel, following three distinct consolidation phases. These pauses in momentum have served as healthy resets, allowing bulls to regain strength and build a solid base.  With price action now trending upward in a controlled manner, ETH appears poised for a sustained rally, provided it maintains support along the channel’s lower boundary and breaks above near-term resistance. Key Channel Unfolds As Ethereum Maintains Its Trajectory HolderStat’s post on X reveals a compelling setup on the Ethereum…

The Bitcoin halving is a pre-programmed event that occurs roughly every four years, reducing the reward given to miners for verifying transactions on the blockchain by 50%. This inherent scarcity mechanism is a cornerstone of Bitcoin’s design, aiming to control its supply and potentially increase its value over time. The most recent halving took place in April 2024, further reducing the block reward from 6.25 BTC to 3.125 BTC.## The Impact of Reduced Miner RewardsThe immediate effect of the halving is a significant reduction in the influx of new Bitcoin into the circulating supply. Miners, who previously received 6.25 BTC…