Author: Kryptonews
Non-fungible token (NFT) marketplace OpenSea has launched its new platform, OS2, concluding its beta phase.The company said the updated platform allows full token trading across 14 blockchains, including support for fungible tokens on Solana. It also introduces tools that aim to enhance crosschain functionality. These changes signal a shift for OpenSea, positioning it as a more comprehensive platform beyond NFTs. OpenSea chief marketing officer Adam Hollander told Cointelegraph that the platform always believed in a broader idea that everything onchain should be liquid and discoverable in one place. “OS2 lets a collector mint an NFT on Solana, swap a gaming token on…
While the collective crypto market has witnessed significant recovery this month, there is a growing disconnect in risk appetite among market participants. Investors are correctly positioned for Bitcoin’s rally, but similar optimism in the altcoin space has resulted in heavy losses, shows a recent report. Trader Missteps in Altcoins Since the approval of spot Bitcoin ETFs in January 2024, there has been a notable divergence has emerged in the liquidation patterns of BTC and altcoins. Data from Binance reveals that the largest cryptocurrency experienced a dominance of short liquidations totaling $190 million. This trend, according to a new analysis by…
The US Securities and Exchange Commission (SEC) has issued new guidance clarifying that common forms of crypto staking do not fall under securities laws.On May 29, the SEC’s Division of Corporation Finance confirmed that those participating in staking activities, including self-staking, delegated staking, custodial, and non-custodial forms, are not required to register these actions with the financial regulator.The financial regulator stated:“It is the Division’s view that participants in Protocol Staking Activities do not need to register with the Commission transactions under the Securities Act, or fall within one of the Securities Act’s exemptions from registration in connection with these Protocol…
Introduction to Blockchain Optimization Blockchain technology, known for its cryptographic security and decentralized transparency, is revolutionizing operational efficiency across industries. Beyond its role in cryptocurrencies, blockchain optimizes processes by eliminating intermediaries, enhancing data integrity, and automating workflows. This results in significant cost savings and streamlined operations, making it an essential tool for businesses seeking leaner, more resilient systems. Transparency and Reduced Fraud One of blockchain’s core strengths is its immutable ledger, which ensures all transactions are tamper-proof and auditable in real time. This transparency reduces fraud risks, particularly in sectors like supply chain management and financial transactions. By verifying authenticity…
Key NotesBybit, OKX, and three others face a nationwide ban in Thailand.The SEC warns investors to withdraw funds ahead of the June 28 deadline.Platforms were found operating without licenses under Thai law. Thailand’s Securities and Exchange Commission (SEC) has announced that crypto traders in the country will be barred from accessing five major cryptocurrency exchanges — Bybit, CoinEx, OKX, 1000X, and XT.com — starting June 28. The move follows allegations that these platforms are operating without proper licensing in violation of Thailand’s Digital Asset Business Act. The Thai SEC has filed formal complaints with the Economic Crime Suppression Division and…
Key Takeaways Two NYPD officers have been placed on leave due to their alleged involvement in the kidnapping and torture of a crypto trader. The suspects sought the trader’s crypto wallet phrase during the three-week ordeal in Manhattan. Share this article Two officers from the New York Police Department have been temporarily removed from active duty while under investigation over their alleged ties to suspects in the SoHo crypto abduction case that came to light last weekend, according to The New York Times.Police sources told The Times that one of the officers, Roberto Cordero, allegedly acted as a driver and…
We are thrilled to announce the first-ever Devconnect Scholars Program! The Devconnect Scholars Program will provide talented and values-aligned individuals from communities currently geographically and demographically underrepresented in Ethereum with financial support to attend Devconnect in Istanbul this November. Apply to the program here by July 23rd, 2023. Why The Program Exists & Program Details For Ethereum to be a resilient and thriving protocol for human coordination – in the long term and for all humans – we believe there is a need for more diverse perspectives representing various geographies and demographics. Scholars are expected to bring their unique viewpoints…
The U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) imposed sanctions on Funnull Technology, a provider of technology for websites allegedly involved in so-called pig butchering scams, and two cryptocurrency wallets said to be linked to Huione Group.Philippines-based Funnull also directly facilitated a scam involving virtual currencies resulting in over $200 million in victim losses, OFAC said in a Thursday press release. In addition, the company is alleged to have acquired several IP addresses from mainstream cloud service providers to sell to cybercriminals. The sanctions also cover a Funnull administrator, Liu Lizhi.The majority of cryptocurrency investment scam…
The Evolution of Trust: From Blocks to Distributed Ledgers Trust is the foundation of all economic transactions. For centuries, intermediaries like banks, governments, and legal institutions have facilitated trust by verifying identities, enforcing contracts, and securing records. However, these centralized systems often come with limitations—high costs, slow processing times, and vulnerability to fraud. Blockchain technology offers a radical alternative by enabling trust through decentralized, immutable ledgers—reshaping industries from finance to supply chains. The Core of Blockchain: Trust Without Intermediaries Blockchain operates on a simple yet revolutionary principle: instead of relying on a single authority, it distributes transaction records across a…
Key Takeaways:Ross Ulbricht, the founder of Silk Road, will make his first public appearance at Bitcoin 2025 following his release from prison via a controversial pardon by former President Trump.Exclusive lunch with Ulbricht costs up to $5,000, signaling a hero’s return for some in the crypto-libertarian community.His reentry into the crypto spotlight sparks polarizing debate about justice, decentralization, and the industry’s evolving moral compass.Formerly known as the “Dread Pirate Roberts,” Ross Ulbricht will be the center of attention at Bitcoin 2025 following his surprising pardon and more than a decade behind bars. Fans of his work are ecstatic, while others…
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