Author: Kryptonews

Key points:Bitcoin is trading back below its recent all-time highs, grilling support at levels it first encountered in late 2024.A “deeper pullback” may result before bulls find the momentum to return to price discovery.Profit-taking lies at the heart of current resistance, analysis says.Bitcoin (BTC) risks a “deeper correction” as the next phase of its bull market faces a temporary setback.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin profit-taking causes bull run hiatusAnalysis is warning of sub-$100,000 prices as data from Cointelegraph Markets Pro and TradingView shows BTC/USD dropping 8%.Bitcoin returned below its old all-time highs on May 31 as the latest correction nears…

The Governance Crisis in Blockchain: Why Models Need Better Regulation Introduction to Blockchain Governance Blockchain technology was initially celebrated for its decentralized, self-governing nature, promising immunity from central authority control. However, as the ecosystem has grown, clear cracks in its governance models have emerged. The lack of standardized regulatory oversight has led to disputes, fork wars, and even outright collapses of projects due to poor decision-making processes. Without effective governance, blockchain networks risk fragmentation, loss of trust, and systemic instability. The Problem with Current Governance Models Most blockchains rely on one of three primary governance models: On-Chain Governance – Decisions…

The International Monetary Fund (IMF) has raised concerns over Pakistan’s decision to allocate 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence data centers amid ongoing negotiations tied to the country’s extended financial program.The initiative, announced last week, is designed to attract autonomous miners, blockchain companies, and AI firms to Pakistan.However, the IMF has raised red flags about the move, requesting urgent clarification from the Finance Ministry regarding the legality of crypto mining and the power allocations, particularly as the nation struggles with chronic energy shortages and fiscal pressures, according to a report by local news outlets Samaa.Per the…

Understanding Your Bitcoin Address Entering the world of cryptocurrency can feel complex, but understanding the fundamental building blocks is crucial. One of the most important concepts to grasp early on is your Bitcoin address. Think of it like your bank account number, but for the digital realm. It’s essential for receiving Bitcoin and a key component to navigating the blockchain. H2 Defining a Bitcoin Address A Bitcoin address is a unique alphanumeric string of 26-35 characters, usually starting with "1," "3," or "bc1." It’s derived from your public key, which itself is derived from your private key. (Don’t worry, you…

Key Takeaways: Nigel Farage pledged to pass a pro-crypto bill cutting taxes and creating a Bitcoin reserve if elected UK prime minister. The bill would also ban banks from denying services to crypto users, addressing concerns over “debanking.” The UK plans to enforce mandatory crypto trade reporting from January 2026 to boost tax compliance. Nigel Farage, leader of Britain’s Reform Party, has thrown his full backing behind cryptocurrency, unveiling an ambitious pro-crypto legislative plan at this year’s Bitcoin 2025 conference in Las Vegas.Taking the stage on Thursday, Farage promised that if elected prime minister in the UK’s next general election,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Trading in the mid-$2,000 range, Ethereum (ETH) has repeatedly teased a move toward $3,000, only to fall short and retreat back into its current range. However, several crypto analysts remain confident that ETH’s ascent to $3,000 and beyond is only a matter of time. Ethereum Showing Signs Of Renewed Strength In a recent X post, crypto analyst Titan of Crypto highlighted ETH’s bullish price action. The analyst shared the following daily ETH chart, showing the cryptocurrency breaking out of a bullish flag following a period of consolidation…

Breaking Barriers: How Blockchain Overcomes Traditional Finance’s Limitations in DeFi Introduction to Decentralized Finance (DeFi) Decentralized finance (DeFi) represents a radical shift from traditional finance (TradFi) by leveraging blockchain technology to eliminate intermediaries and empower users with greater control and transparency. Built on decentralized networks, DeFi applications (dApps) offer financial services without relying on banks, stock exchanges, or other centralized institutions. This disruption is driven by smart contracts, which enforce rules and executions autonomously, ensuring trust and efficiency in transactions. Limitations of Traditional Finance Traditional finance faces several limitations that blockchain-based DeFi directly addresses. These include: Centralization & Trust Issues:…

Hundreds of items from filmmaker David Lynch’s personal estate are being auctioned by Julien’s in Los Angeles, with online bidding already exceeding $56,000. Nearly 450 lots are included in the sale, which spans Lynch’s career and features movie props, musical gear, Polaroids, and more. The sale will officially end on June 18. Lynch, a filmmaker known for features such as Blue Velvet and Mulholland Drive, died in January at the age of 78 after being diagnosed with emphysema. He also produced paintings that were exhibited widely at museums. Related Articles Among the top-performing items in the Julien’s sale is Lynch’s…

Joerg Hiller May 31, 2025 08:43 Governments are increasingly considering Bitcoin reserves to diversify portfolios and enhance financial autonomy. Discover how this trend is reshaping global monetary strategies. Bitcoin is steadily evolving from a niche digital asset into a critical component of global financial ecosystems. According to Chainalysis, this development has prompted governments worldwide to explore Bitcoin’s potential as a strategic reserve asset. This shift marks a significant phase in institutional and sovereign engagement with digital currencies.Bitcoin as a Strategic ReserveThe concept of a Bitcoin strategic reserve involves sovereign entities holding Bitcoin as…

Dear Ethereum community, builders, and researchers, At the first-ever Devconnect last year in Amsterdam in 2022, we came together for a week of in-depth workshops and discussions. Many that participated in the sessions and conversations told us they felt Devconnect had a significant impact on the ecosystem by driving progress in tangible ways. Many expressed their wishes for Devconnect to happen again, and after we saw the impact, we strongly agreed. Today, we can finally share that Devconnect is coming back and is planned for November 13-19 this year in Istanbul! 🇹🇷 What is Devconnect? Devconnect is a week-long gathering…