Author: Kryptonews
The Challenge of Scaling in Crypto One of the biggest hurdles preventing mainstream adoption of cryptocurrencies and decentralized applications (dApps) is scalability. While early blockchains like Bitcoin and Ethereum were groundbreaking in enabling trustless peer-to-peer transactions, they struggled with throughput—processing only a handful of transactions per second. This limitation meant that as user demand increased, so did congestion, transaction fees, and wait times, making them impractical for widespread real-world use. The Rise of Layer-2 Solutions and Sidechains To address these limitations, developers turned to Layer-2 solutions like rollups and sidechains. These technologies offload some of the processing burden from the…
The FTX Recovery Trust will begin distributing over $5 billion in cash and stablecoins to creditors starting on Friday, with funds expected to land in accounts within the next three business days via BitGo and Kraken.And there’s a chance this wave of repayments will help lift the crypto market, analysts at Coinbase wrote in a report on Friday.It’s the second major round of repayments following the exchange’s collapse. The first, which began on Feb. 18, returned roughly $7 billion to creditors with claims under $50,000. That did little to lift broader crypto markets at the time, which remained under pressure…
The US government has urged the Supreme Court not to take up a Coinbase user’s challenge against the Internal Revenue Service’s (IRS) effort to obtain his crypto transaction records.In a filing dated May 30, Solicitor General D. John Sauer argued that Coinbase user James Harper has no Fourth Amendment right to shield his financial records held by the exchange.The government claimed that Harper “voluntarily” shared his data with Coinbase, and that the IRS followed proper legal procedures to obtain it through a judicially approved summons.Harper’s case centers on a 2016 IRS investigation into widespread tax underreporting on cryptocurrency gains. At…
Bitcoin has revolutionized the financial world, offering a decentralized and transparent alternative to traditional currencies. While the concept may seem daunting at first, getting started with Bitcoin is simpler than you might think. This step-by-step guide clarifies the process and empowers you to take your first steps in the world of cryptocurrency. Understanding the Basics Before diving in, it’s crucial to grasp the fundamental concepts. Bitcoin is a digital currency, meaning it exists only in electronic form. It operates on a technology called blockchain, a distributed and secure ledger that records all transactions. Key characteristics of Bitcoin include: Decentralization: No…
Coinbase analysts believe that the $5 billion repayment round initiated by the FTX Recovery Trust could function as a significant injection of liquidity into digital asset markets, potentially influencing trading behavior and asset flows as funds reach affected creditors this week.The FTX Recovery Trust began distributing more than $5 billion in stablecoins on May 30, launching a long-awaited second round of repayments to creditors affected by the crypto exchange’s 2022 collapse.The funds will be disbursed via BitGo and Kraken over a three-day period and span a broad range of claimants, including institutional lenders, US customers, digital asset lenders, and general…
The world’s largest asset manager, BlackRock, has ended its 31-day spot Bitcoin exchange-traded fund (ETF) inflow streak with its biggest recorded outflow day since the product launched in January 2024.On May 30, BlackRock’s iShares Bitcoin Trust (IBIT) ended its significant inflow streak with its largest daily outflow of $430.8 million, according to Farside data. Before this, IBIT’s largest outflow day was on Feb. 26, with $418.1 million in outflows.BlackRock Bitcoin ETF massive outflow dayETF analyst Nate Geraci said in a May 31 X post, “What a run over the past 30+ days, though.” Geraci highlighted that BlackRock is “now pushing”…
Introduction Blockchain technology, the backbone of cryptocurrencies and decentralized applications (dApps), has evolved rapidly since the launch of Bitcoin in 2009. The early blockchain architecture—now known as Layer 1 (L1)—was revolutionary yet faced limitations in scalability, speed, and cost. Over time, Layer 2 (L2) scaling solutions emerged to address these issues, sparking a debate: Is the dominance of Layer 1 ending? This article explores the dynamics between Layer 1 and Layer 2, their strengths and weaknesses, and the future of blockchain architecture. What is Layer 1 (L1)? Layer 1 refers to the foundational blockchain itself—examples include Bitcoin, Ethereum, Solana, and…
Loud is making waves across the Web3 community with a bold experiment: transforming social media attention into a tradable asset.What is Loud?Loud is an experimental “attention market” – a conceptual marketplace where value is derived from community attention and social reach. Built on the Solana blockchain, Loud does not focus on delivering a final product or service. Instead, it creates an incentive mechanism that rewards participants, known as “yappers,” based on the amount of attention they generate on the X platform.Within this ecosystem, the $LOUD token functions as a proxy for attention. However, it carries no intrinsic value on its own.How…
Today’s episode is sponsored by CME Group and PayPal.To get the show every day, follow the podcast here.Today’s Stories:CoinShares Digital Asset Fund Manager Survey October 2023Solana Surges to 14-Month High; Sell Pressure Lingers as FTX Unstakes $67M Tokenshttps://x.com/solana/status/1719310929593057720?s=20How a Ph.D. Student’s Research Paper Turned Celestia Into $345M Blockchain Project OvernightFrom our sponsors:CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.Disclaimer:This communication is not directed to…
Today’s episode is sponsored by CME Group and PayPal.To get the show every day, follow the podcast here.Today’s Stories:15 Years After the Bitcoin White Paper, Bitcoin Builder Culture FlourishesEthereum’s Dencun Upgrade Is a Step Toward a Scalable Settlement Layer: Goldman SachsGold Demand Trends Q3 2023From our sponsors:CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.Disclaimer:This communication is not directed to investors located in any particular…
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