Author: Kryptonews

The Rise of NFTs: More Than Just Digital Art In 2021, the term "NFT" (Non-Fungible Token) entered mainstream consciousness, largely due to record-breaking sales of digital art and collectibles. However, the true potential of NFTs extends far beyond JPEGs and profile pictures. At their core, NFTs are unique digital assets stored on blockchains, offering proof of ownership in a verifiably scarce ecosystem. Whether it’s virtual real estate, digital music rights, or even secured physical goods, NFTs are revolutionizing how we perceive ownership in the digital age. How NFTs Challenge Traditional Ownership Models Traditional ownership is often cumbersome—think of art certificates,…

In brief Etherealize co-founder Vivek Raman often describes Ethereum as “digital oil.” The analogy dovetails with Bitcoin’s portrayal as “digital gold,” but falls short in some ways. Tokenization could drive Ethereum’s value as a global neutral asset, he argues. For well over a century, oil has been viewed as a strategic commodity, playing an essential role in transportation and manufacturing, among other critical industries. For Ethereum’s proponents, drawing comparisons has been useful—but even then, the analogy is far from perfect.When Vivek Raman introduced Etheralize in January, the former banker and business development firm’s co-founder formalized efforts to onboard Wall Street.…

Key points:Bitcoin joins risk assets in a knee-jerk reaction to the latest instalment of the US trade war, this time focused on the EU.BTC price action dives up to 4% before recovering with $110,000 now a resistance level.Traders demand that price holds higher levels going forward to protect bullish momentum.Bitcoin (BTC) saw flash volatility into the May 23 Wall Street open as news headlines liquidated longs.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin trips as Trump says EU talks “going nowhere”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $107,367 on Bitstamp before rebounding.This marked daily losses of up to…

The cryptocurrency world is constantly buzzing, and at the center of it all is Bitcoin. Its price volatility frequently captures headlines, and everyone, from seasoned investors to casual observers, wants to know: What’s next? This article dives into the latest price predictions, examining various factors influencing Bitcoin’s future trajectory. Current Market Sentiment Right now, market sentiment surrounding Bitcoin is a mixed bag. We’re seeing a pull between optimism fueled by potential regulatory approvals of spot Bitcoin ETFs and lingering anxieties over macroeconomic factors like inflation and interest rate hikes. News of institutional adoption continues to trickle in, boosting confidence among…

The Resilience of Blockchain: Can It Overcome Security Threats to Secure Web3’s Future? Introduction to the Challenge Blockchain technology has long been hailed as the foundation of a secure, decentralized internet—Web3. Its promise of transparency, immutability, and resilience against censorship has attracted billions in investment and fostered widespread adoption. However, like any emerging technology, blockchain is not without vulnerabilities. Recent high-profile hacks, smart contract exploits, and cross-chain bridge failures have raised critical questions about the long-term survival and security of decentralized networks. The question now is not whether blockchain has potential, but whether it can overcome these threats to become…

If you’ve ever wanted to have your Solana wallet on your wrist while flexing your wealth, Swiss watchmaker Franck Muller is making that a reality.The watch market is stepping into the Web3 ecosystem with a Solana-inspired, limited-edition series of watches that contain an embedded unique QR code to directly link to the user’s Solana address.The company’s Solana-inspired watch collection is limited to 1,111 units that will set buyers back 20,000 Swiss francs (around $24,300).While the watches feature a unique design that could appeal to Solana ecosystem participants, their launch comes at a time when, unfortunately, flaunting crypto-related wealth is becoming…

American economist Kenneth Rogoff believes that the rise of crypto poses a threat to the hegemony of the U.S. dollar.Rogoff previously served as the chief economist at the International Monetary Fund (IMF) and on the Federal Reserve Board. He is a published author and an economics professor at Harvard University.In an interview with Bloomberg, Rogoff said that while the U.S. dollar is still the most dominant global currency, its influence is decreasing.“I see it [dollar’s dominance] as in decline — it’s fraying at the edges where, of course, the renminbi is breaking free of the dollar, the euro is going…

The Ethereum Foundation is thrilled to announce a collaborative grant round with Aztec, Polygon, Scroll, Taiko, and zkSync to develop Zero Knowledge public goods projects. Each co-funder of the grant round has contributed 150K USD in funds, bringing the total grant pool to 900K USD. The breadth and complexity of the Layer 2 ecosystem has reached a point where identifying shared needs and dependencies requires the participation of domain experts from a range of stakeholders. The co-funders will, therefore, not only provide funding but also participate in the allocation decisions. Beyond more and better-informed funding, we hope this approach will…

ARK Invest CEO Cathie Wood says crypto exchange-traded funds (ETFs) will likely maintain their place in the economy no matter how big crypto wallet adoption becomes over the next decade.“I think ETFs are an important stepping stone because, you know, wallets seem so complicated, so much friction for consumers, they just wanna push a button,” Wood said at the Solana Accelerate event in New York on May 23.Wallets remain an insurance policy, says Wood“So ETFs for those who want the convenience, I don’t think, will lose a lot of their luster,” she said. “But they will be a stepping stone…

The question of whether Bitcoin is a superior form of currency compared to fiat money is one of the most vigorously debated topics in the financial world. Both Bitcoin and fiat currencies, like the US dollar or the Euro, serve as mediums of exchange, but they differ significantly in their fundamental characteristics. This discrepancy fuels an ongoing discussion about their respective strengths and weaknesses. Let’s delve into the arguments. What Is Fiat Currency? Fiat currency is government-issued money that is not backed by a physical commodity, such as gold or silver. The value of fiat currency is derived from the…