Author: Kryptonews

Bitcoin vs. the Dollar: Can Crypto Replace Fiat Currency in the Future? Introduction The rise of Bitcoin and other cryptocurrencies has sparked debates about their potential to challenge or even replace traditional fiat currencies like the U.S. dollar. While Bitcoin has made significant strides since its inception in 2009, becoming a trillion-dollar asset and attracting institutional investors, it still faces significant hurdles before it can realistically compete with the dollar as a global reserve currency. This article explores the strengths and weaknesses of Bitcoin compared to the dollar, and whether crypto could replace fiat in the future. Key Advantages of…

Real-world assets linking up with non-fungible tokens (NFTs) is one of a few key catalysts that could reignite the waning NFT lending sector, which is suffering from a collapse in volumes and user activity, says blockchain analytics platform DappRadar.Volumes in the NFT lending market, which allows NFT holders to take out a loan against their token, have dropped 97% from a peak of around $1 billion in January 2024 to $50 million in May, DappRadar analyst Sara Gherghelas said in a May 27 report.Gherghelas said for NFT lending to “move beyond survival mode,” it needs “new catalysts” to reignite the…

Key NotesGoogle researcher reveals quantum computers could break Bitcoin encryption sooner than expected.Bitcoin’s elliptic curve cryptography (ECC) is vulnerable to quantum attacks like Shor’s algorithm.Current quantum hardware isn’t powerful enough yet but progress is rapidly accelerating. Craig Gidney, a Quantum AI researcher at Google, warned that Bitcoin’s encryption faces growing risks due to rapid advancements in quantum computing. He further revealed that breaking RSA encryption now requires 20 times fewer quantum resources than was previously estimated. Although the finding did not specifically mention Bitcoin, it focused on the RSA encryption methods that form the core security framework for many crypto…

Six days after a $223 million exploit shook the Sui ecosystem, decentralized exchange Cetus has announced a recovery initiative that would override hacker-controlled wallets through a protocol-level upgrade, if the community approves it.The vote will determine whether $162 million in frozen funds can be forcefully reclaimed from the attacker’s wallets via a protocol-level upgrade as part of Cetus’s “larger recovery plan.” Cetus has requested a community driven vote to recover the funds frozen following last week’s hack. In response, the Sui Foundation has released code for an onchain community vote. Sui validators can cast votes, and Sui holders can also…

Ethereum is consolidating under a critical resistance level with its bullish structure intact. If volume supports the breakout, ETH could rally toward $4,000 in the next impulsive move. Ethereum’s (ETH) current price action is forming a bullish continuation pattern just below the $2,700 resistance level. The market has shown strength following a recent swing low, and price is compressing into a high-conviction breakout setup. The structure suggests growing momentum, but confirmation will depend on how price reacts at this major level. Key technical points $2,700 Resistance Level: ETH is consolidating just beneath this horizontal resistance, which has held for weeks.…

The Rise of Web3 in Real Estate Traditionally, real estate has been a closed, analog market—heavily intermediated, opaque, and costly. But Web3 technologies like blockchain, NFTs, and decentralized finance (DeFi) are now poised to disrupt this legacy industry, making property ownership more accessible, transparent, and liquid. Decentralizing Property Ownership with NFTs One of the most promising innovations in real estate is the tokenization of property via NFTs (non-fungible tokens). This involves dividing physical assets into fractional ownership shares, which can be traded like digital collectibles. Startups like Propify and ReeDAO allow homeowners and investors to buy, sell, and trade portions…

Fast food chain Steak ‘n Shake has expanded its payment options to include Bitcoin (BTC) at all of its locations globally, where regulations permit.The rollout, which began on May 16, utilizes the Lightning Network to enable faster and lower-cost transactions.The company’s COO, Dan Edwards, revealed the development on May 27 at the Bitcoin 2025 Conference in Las Vegas, which kicked off the same day and included a keynote by Senator Cynthia Lummis and Council of Advisers for Digital Assets executive director Bo Hines.Exceeded expectationsEdwards revealed that the initial response exceeded expectations. On the first day alone, Steak ‘n Shake accounted…

Choosing a specific geographic area opens doors for specialized knowledge, cultural proficiency, and stronger networks. In a world increasingly interconnected yet retaining strong regional identities, focusing on specific regions or countries can be a strategically sound decision for businesses, researchers, and individuals alike. This approach allows for focused resource allocation, development of area-specific expertise, and deeper engagement with the target audience.## Benefits of a Regional FocusThere are numerous advantages to narrowing your geographic focus. Deeper market penetration becomes possible when you understand the nuances of a region’s consumer behavior, regulatory environment, and cultural sensitivities. For researchers, focusing on a particular…

Good Morning, Asia. Here’s what’s making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.Ethereum surged past $2,600 in early Asia hours, up 3.7%, breaking decisively above its previous resistance level of around $2,500 following a prolonged consolidation period, according to CoinDesk Research’s AI-assisted technical analysis model. The rally is supported by robust trading volume and significant institutional confidence, underscored by $248 million in net inflows into spot Ethereum ETFs last week,…

SharpLink Gaming plans to establish a $425 million Ethereum (ETH) treasury under the guidance of Consensys CEO and Ethereum co-founder Joseph Lubin, the company announced on May 27.The sports-betting technology company entered into securities purchase agreements for a private investment in public equity. The company will issue 69.1 million shares at $6.15 each, or $6.72 for management participants. Expectations are that the May 29 closing will bring gross proceeds of roughly $425 million before fees. Additionally, SharpLink signaled that the ETH reserve will stand alongside its operating business rather than replace it.Consensys acted as lead investor, joined by crypto-focused funds such…