Author: Kryptonews

Why Companies Are Switching to Blockchain for Faster & Cheaper Transactions Introduction to Blockchain Efficiency For decades, traditional financial systems have relied on centralized intermediaries to process transactions, which often results in delays, high fees, and inefficiencies. However, blockchain technology has disrupted this model by offering decentralized, secure, and transparent alternatives. Companies are increasingly adopting blockchain solutions because they provide faster transaction speeds and lower costs, transforming industries such as finance, supply chains, and digital payments. The Problem with Traditional Transaction Systems Legacy payment systems slow down transactions due to reliance on banks, clearinghouses, and intermediaries. For cross-border payments, transfers…

Bitcoin, the pioneering cryptocurrency, has consistently touted its decentralized nature as a core value proposition. But how accurate is this claim in reality? Evaluating Bitcoin’s decentralization necessitates examining key aspects of its architecture and ecosystem. This article delves into these areas to assess the true extent of Bitcoin’s decentralized character.## Mining Centralization: Pools and HardwareOne of the most prominent criticisms against Bitcoin’s decentralization revolves around mining. While anyone can theoretically participate in mining, the reality is that large mining pools dominate the network’s hash rate. These pools are essentially collectives that combine computational power to increase the chances of solving…

LONDON — Japanese sculptor and terracotta artist Kunimasa Aoki has been named the winner of the 2025 Loewe Craft Prize on Thursday evening during an award ceremony in Madrid with a cash prize of 50,000 euros. Selected by a 12-member jury from 30 shortlisted works on display at the Thyssen-Bornemisza National Museum in Madrid from Friday to June 29, Aoki’s anamorphic terracotta sculpture “Realm of Living Things 19” stood out for its “honest expression of the ancestral coil process, and how the material is expressed in its raw, unfinished form,” according to the LVMH-owned Spanish luxury house. Related Articles His clay work explores how the material distorts…

The BitMEX crypto exchange’s security team discovered gaps in the operational security of the Lazarus Group, a North Korean (DPRK) government-sponsored cybercrime network, following a counter-operations probe into the organization, which exposed IP addresses, a database, and tracking algorithms used by the malicious group.Security researchers for the exchange say there is a strong likelihood that at least one hacker accidentally revealed his true IP address, which showed the actual location of the hacker to be in Jiaxing, China.Additionally, the BitMEX researchers say they were also able to gain access to an instance of the Supabase database, a platform for easily…

Key Takeaways: BlackRock’s IBIT ended its 31-day inflow streak with a record $430.8M outflow. U.S. spot Bitcoin ETFs saw $616.1M in outflows on May 30 amid growing market caution. Bitcoin is consolidating below $110K, with rising volatility signals and key breakout zones in focus. BlackRock’s iShares Bitcoin Trust (IBIT) saw a sharp reversal on May 30, recording $430.8 million in outflows and ending a 31-day inflow streak — the longest since the fund’s launch in January.According to Farside data, this marks IBIT’s largest daily outflow to date, surpassing the previous record of $418.1 million on February 26.The pullback comes after…

Introduction to Blockchain Security Blockchain technology is celebrated for its security, transparency, and resilience against manipulation. At its core, blockchain security relies on two fundamental pillars: cryptography and decentralization. These mechanisms work synergistically to ensure that transactions are immutable and trustworthy, even in a trustless environment. This article explores the cryptographic techniques and decentralized architecture that make blockchain networks secure, as well as common vulnerabilities and mitigation strategies. Cryptography: The Backbone of Blockchain Security Hash Functions Hash functions are a critical cryptographic component in blockchain technology. They take an arbitrary amount of data as input and produce a fixed-length, unique…

Key NotesCardano’s Charles Hoskinson spotlighted Cardano’s progress over the years and new Bitcoin DeFi push.The crypto pioneer has previously expressed confidence in the long-term prospects of the Bitcoin DeFi niche.Last year, the Bitcoin DeFi niche saw a significant valuation boost with over 2000% growth. Cardano Founder, Charles Hoskinson, shared a post on X earlier on May 31, reaffirming the blockchain’s commitment to enabling Bitcoin DeFi. He views this move as a strategic step towards positioning Cardano as a leading cryptocurrency. Cardano Forges Ahead With a Focus on Bitcoin DeFi The X post made by Hoskinson acknowledged Cardano’s recovery and comeback…

Rongchai Wang May 31, 2025 16:36 Researchers have developed SeaSplat, an AI model that transforms underwater images into clear 3D scenes, aiding ecologists in studying coral reefs and their biodiversity. In a groundbreaking development, researchers from the Woods Hole Oceanographic Institution (WHOI) and the Massachusetts Institute of Technology (MIT) have introduced an innovative AI model named SeaSplat. This model is designed to transform unclear underwater images into vivid, highly detailed 3D scenes, thereby providing ecologists with a more precise tool to study and understand underwater environments, including coral reefs. Addressing Underwater Image Distortions…

Ethereum price pulled back in the past three days as traders adjust their positions for June, its historically worst month. Ethereum (ETH) has declined for three consecutive days, hitting a low of $2,500. That’s a 9.8% drop from its monthly high. Despite the pullback, it has outperformed most altcoins, many of which have fallen more than 15% from their highs this month. ETH retreated ahead of June, which is usually its worst month, because of the start of summer. CoinGlass data shows that the average monthly performance in June since 2016 is minus 7.4%. Its median monthly return in June…

Brazilian fintech Méliuz (CASH3), which serves over 30 million users in the country, is launching a public share offering to raise up to R$450 million ($78 million), with plans to allocate all proceeds to purchasing bitcoin .The offering, announced Friday in a securities filing, consists of an initial issuance of 17 million common shares, with the possibility of expanding to 51 million depending on demand. Shares will be sold exclusively to professional investors in Brazil and abroad under automatic registration rules.Each share purchased will come with a package of free subscription warrants divided into 10 series, allowing investors to buy…