Author: Kryptonews

Texas Governor Greg Abbott has signaled support for a bill recently passed by the state House of Representatives that would establish a strategic cryptocurrency reserve.In a May 22 X post, Abbott posted a Techstory article about Texas state lawmakers’ efforts to create a Bitcoin (BTC) reserve. The story pointed out that the decision for the passage of SB 21, the bill in question, now rests on Abbott’s shoulders, roughly three months after it was introduced. Since taking office, Abbott referred to himself as a “crypto law proposal supporter” in 2021 and suggested that he would support policies to establish Texas as…

Bitcoin’s presence in the cryptocurrency market is more prominent than ever. Data suggests a significant upswing in its dominance, reaching a noteworthy [Specific Percentage]%. This resurgence begs the question: what’s driving this renewed conviction in the original cryptocurrency?## Deep Dive into Market DynamicsSeveral factors appear to be contributing to Bitcoin’s strengthening hold. Firstly, macroeconomic uncertainty continues to loom large. Inflation concerns, geopolitical instability, and fears of recession often lead investors to seek safe-haven assets. Bitcoin, despite its volatility, is increasingly being viewed as a potential store of value, akin to gold, during turbulent economic times. This narrative is particularly strong…

The Promise of Blockchain Security—but Where Does the Weakness Lie? Blockchain technology has long been celebrated for its inherent security attributes. The decentralized, immutable nature of distributed ledgers makes fraud and manipulation exceptionally difficult. However, despite blockchain’s robust foundation, one critical component stands out as its most vulnerable: smart contracts. Smart Contracts: The Decrypting Key to Blockchain’s Weakness Smart contracts are self-executing agreements coded directly onto a blockchain. They automate processes, enforce rules, and facilitate trustless transactions—essential for DeFi, NFTs, and enterprise applications. But unlike the mathematically proven cryptography underpinning blockchain, smart contracts are human-made code, susceptible to bugs, loopholes,…

In 2025, Bitcoin mining apps are becoming smarter, more accessible, and optimized for mobile usage—especially for Android users. With the rise of cloud mining, automated algorithms, and mobile-first platforms, it’s now easier than ever to mine crypto without expensive hardware or technical expertise. This guide explores the high-efficiency crypto mining tools that offer fast, stable returns, and even free Bitcoin just by using your phone.But first, what is Bitcoin mining? It’s the process of validating transactions and securing the Bitcoin network in exchange for rewards. Traditionally, mining required ASIC rigs and high electricity bills, but now, with the help of…

The Halving Event: A Cornerstone of Scarcity The concept of scarcity is fundamental to economics, and it plays a particularly crucial role in the world of cryptocurrencies. Many digital currencies, most notably Bitcoin, are built upon a pre-defined limited supply, ensuring inherent scarcity. A key mechanism that reinforces this scarcity is the "halving" event. These predetermined events, coded into the blockchain’s protocol, drastically reduce the rate at which new units of the cryptocurrency are created. understanding halving is crucial to comprehending the long-term implications for asset value and the overall market dynamics. How Halving Works: A Deep Dive Essentially, halving…

Key Takeaways: The U.S. Department of Justice seized over $24 million in crypto linked to a Russian national. The suspect allegedly ran a cybercrime operation that infected computers worldwide and later facilitated ransomware attacks. The FBI, in collaboration with international partners, led the investigation and plans to return the recovered assets to the victims. The U.S. Department of Justice (DOJ) announced on May 23 that it has seized over $24 million in cryptocurrency from a Russian national accused of developing and operating the Qakbot malware. The unsealed federal indictment identifies Rustam Rafailevich Gallyamov, 48, of Moscow, as the lead developer…

Bitcoin and Ethereum ETFs registered more than a billion in net inflows, the highest level since November 2024. Bitcoin’s (BTC) all-time high has led to major inflows in crypto ETFs. On Thursday, May 22, net inflows for spot Bitcoin and Ethereum (ETH) exchange-traded funds were at more than $1 billion. This is the best performance that ETFs have seen since November 2024. Inflows in spot Bitcoin ETFs dominated, with a daily inflow of $934 million, which is their best performance since January 17. This brings the total assets under management of spot Bitcoin ETFs to $104 billion. Total Bitcoin spot…

Key points:Bitcoin slipped below $109,588, but technical charts suggest traders are buying each dip.Excessive leverage in Bitcoin futures increases the risk of a quick correction.Select altcoins have turned down from their respective overhead resistance levels, signaling that the bears remain sellers on rallies.Sellers have pulled Bitcoin (BTC) back below the breakout level of $109,588, but lower levels are likely to attract buyers. Investor interest remains strong, with the US spot Bitcoin exchange-traded funds witnessing inflows of $934 million on May 22 and $608 million on May 21, according to SoSoValue data.Glassnode noted that the all-time high above $109,588 led to…

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The New Era of Gaming: Decentralized, Immutable, and Infinite Blockchain technology has been transforming industries from finance to supply chain management, but one of its most exciting applications is in gaming. Traditional gaming has always been centrally controlled, with developers and publishers holding all the power over in-game assets, rules, and economies. However, blockchain gaming promises to disrupt this model by introducing decentralization, immutability, and infinite possibilities—creating a future where players truly own their digital experiences. Decentralization: Players in Control In traditional gaming, players spend countless hours accumulating in-game items, currency, or progress, yet they rarely own any of it.…