Author: Kryptonews

The FTX Recovery Trust has initiated a second round of payments to its creditors. On May 30, the Trust started a $5 billion payout to eligible creditors in the Convenience and Non-Convenience Classes who have completed the pre-distribution requirements.According to a May 28 announcement, the creditors’ distribution will include Dotcom Customer Entitlement Claims, which are receiving a 72% distribution; US Customer Entitlement Claims, which are receiving a 54% distribution; and Convenience Claims, which will receive a 120% distribution.Additionally, General Unsecured Claims and Digital Asset Loan Claims will each receive a 61% distribution as per the reimbursement plan. Recipients should receive…

Blockchain technology has the potential to revolutionize industries from finance to healthcare, but building a successful blockchain application can be a complex and challenging endeavor. Whether you’re facing technical hurdles, scalability issues, or user adoption problems, overcoming these obstacles is key to unlocking your app’s true potential. Common Challenges in Blockchain App Development Developing a blockchain app isn’t like traditional software development. Issues such as gas fees, slow transaction times, and poor user interfaces can derail even the best-conceived projects. Here are some of the most common struggle points: Technical Complexity Blockchain technology is still cutting-edge, meaning there’s less established…

Microsoft Russia has announced that it plans to file for bankruptcy. It joins a list of other Western technology companies pulling out of the Russian market. Geopolitical tensions are again affecting the technology industry as Microsoft is joining a list of other Western companies such as Google that are closing their Russian subsidiaries. Microsoft Corp.’s Russian subsidiary, Microsoft Rus LLC, has announced that it will declare bankruptcy. The announcement was made through a notice published on the official Russian registry Fedresurs on Friday, May 30. This decision seems like it was brought on by the ongoing pullback of Western technology…

President Donald Trump said on Friday afternoon that he had fired Kim Sajet, director of Washington, D.C.’s National Portrait Gallery. It is now unclear who will lead the museum, one of many run by the Smithsonian Institution, a museum network Trump has targeted since returning the presidency in January. “Upon the request and recommendation of many people, I am herby terminating the employment of Kim Sajet as Director of the National Portrait Gallery,” Trump wrote on Truth Social, the social media platform owned by the Trump Media & Technology Group. “She is a highly partisan person, and a strong supporter…

Ethereum Pectra hard fork’s blob capacity enhancement is operating within the thresholds analysts forecast, ethPandaOps said in a May 30 report. The update, which was initiated via the Ethereum Improvement Proposal 7691 (EIP-7691) on May 7, doubled the default blob count from three to six and lifted the ceiling from six to nine. Blobs are data pieces included in Ethereum blocks.The report instrumented 123 Beacon-chain nodes across 27 countries, 29 in controlled data centers, and 94 in residential settings to track the “New Head” event. This is a timestamp recorded when a client declares a block and its blobs the new…

Bitcoin wallets are essential for interacting with the Bitcoin network. They allow you to store, send, and receive Bitcoin. However, navigating the world of Bitcoin wallets can be confusing, as different types exist with varying features and security levels. This article provides a comprehensive overview to help you choose the best wallet for your needs. What are Bitcoin Wallets? At their core, Bitcoin wallets don’t actually store your Bitcoin. Instead, they store the private keys needed to access and control your Bitcoin on the blockchain. Think of it like a bank account. The wallet is like your checkbook, and the…

Blockchain and IoT are revolutionizing logistics by creating faster, smarter, and more transparent supply chains. These technologies optimize efficiency, enhance security, and reduce costs across delivery networks. Enhanced Transparency and Traceability One of the key challenges in traditional logistics is tracking goods across complex supply chains. Blockchain’s immutable ledger ensures that every transaction, from production to delivery, is recorded securely and transparently. Combined with IoT sensors, real-time tracking becomes seamless—allowing both businesses and consumers to monitor shipments with precision. For example, IoT-enabled containers equipped with GPS and temperature sensors can transmit data directly onto a blockchain, ensuring that perishable goods…

Key Takeaways: New York City Comptroller Brad Lander firmly rejected Mayor Eric Adams’s proposal to issue Bitcoin-backed municipal bonds. Lander warned that using volatile crypto assets to fund infrastructure and housing projects could undermine investor confidence in the city’s debt. Political tensions escalate as Lander (a mayoral candidate) positions himself as a fiscal pragmatist against Adams’s crypto-friendly agenda. New York City Comptroller Brad Lander has rejected Mayor Eric Adams’s proposal to issue municipal bonds backed by Bitcoin, calling the idea both “legally dubious and fiscally irresponsible.”Lander, who shares responsibility for the city’s debt issuance alongside the Mayor’s Office of Management…

Today, we have disclosed the second set of vulnerabilities from the Ethereum Foundation Bug Bounty Program! 🥳 These vulnerabilities were previously discovered and reported directly to the Ethereum Foundation. When bugs are reported and validated, the Ethereum Foundation coordinates disclosures to affected teams and helps cross-check vulnerabilities across all clients. The Bug Bounty Program currently accepts reports for the following client software: ErigonGo EthereumLodestarNethermindLighthousePrysmTekuBesuNimbus In addition to client software, the Bug Bounty Program also covers the Deposit Contract, Execution Layer & Consensus Layer Specifications and Solidity. 🙏 Repository & vulnerability list Since the last vulnerability disclosure has been quite eventful…

A senior Democrat in the House of Representatives, Jamie Raskin, joined his name to lawmakers seeking answers about President Donald Trump’s recent dinner for top investors in his memecoin, sending questions directly to Trump.Raskin, the ranking Democrat on the House Judiciary Committee, has been a vocal critic of the president and becomes the latest of many from his party to probe details about the event, which they’ve called out as evidence of White House corruption. Because Raskin is in the minority party, his demands are unlikely to lead to further congressional action unless they regain the House or Senate in…