Author: Kryptonews

Your Bitcoin private key: It’s more than just a string of characters; it’s the master key to your digital kingdom, the gatekeeper to your financial future in the decentralized world of cryptocurrency. Understanding its significance and ensuring its security is paramount to protecting your Bitcoin holdings. Without it, your Bitcoin is effectively lost, a treasure locked away forever. What Exactly is a Bitcoin Private Key? Think of Bitcoin as a safety deposit box housed online. Your Bitcoin address (public key) is like the address on the box, publicly viewable and used for receiving Bitcoin. The private key, in contrast, is…

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…

Introduction to Blockchain in Banking Banks are increasingly turning to blockchain technology to modernize financial transactions, making them faster, cheaper, and more secure. The decentralized, immutable nature of blockchain allows for real-time settlements, reduced intermediaries, and enhanced transparency. As the financial industry evolves, blockchain is playing a key role in cutting costs, improving efficiency, and fostering innovation. Faster Transaction Processing Traditional banking systems often involve multiple intermediaries, leading to delays in cross-border payments and domestic transfers. Blockchain removes these middlemen by enabling peer-to-peer transactions, resulting in near-instant settlements. Cryptocurrencies and stablecoins, built on blockchain, allow funds to move 24/7 without…

The world of Non-Fungible Tokens (NFTs) is constantly evolving, and AI NFTs are at the forefront of this exciting revolution. Combining artificial intelligence and blockchain technology, AI NFTs offer unique possibilities for creators, collectors, and investors. But how exactly do you get involved? This guide will walk you through the process of creating, buying, and selling your own AI NFTs, unlocking the potential of this burgeoning market.What Are AI NFTs Before diving into the practicalities, let’s clarify what AI NFTs are. Simply put, they are unique digital assets generated or enhanced by artificial intelligence algorithms. These can range from AI-generated…

Today’s episode is sponsored by CME Group.To get the show every day, follow the podcast here.Today’s featured story is an opinion piece from Emily Parker, titled: “Crypto-Friendly Does Not Mean Crypto-Easy.”From our sponsors:CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.Disclaimer:This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by…

Blockchain technology is transforming the financial services industry by offering greater security, transparency, and efficiency across payments, loans, and insurance. Its decentralized nature allows for peer-to-peer transactions, reduced fraud, and automated processes, giving consumers and businesses more control over their financial data and operations. Revolutionizing Payments Traditional payment systems often involve multiple intermediaries, leading to higher costs, slower processing times, and increased fraud risks. Blockchain simplifies transactions by eliminating middlemen and enabling near-instant, low-cost payments globally. Cryptocurrencies like Bitcoin and stablecoins already facilitate cross-border transactions at significantly lower fees compared to legacy systems. Additionally, blockchain’s immutability ensures secure and verifiable…

Key takeaways:Bitcoin’s performance in the current bull market and a new cohort of buyers reflect a maturing market and widening adoption.A 50% rise in hashrate and a 63% jump in Realized Cap highlight investors’ confidence in Bitcoin.A recent report from Fidelity Digital Assets explored how the current Bitcoin market cycle reflects a shift toward a maturing market where the rate of adoption deepens and expands.At block height 892,500—marking 25% progress into the current halving epoch—Bitcoin traded between $82,500 and $85,000, representing a 31% increase from its value on April 19, 2024, when the fourth halving reduced block rewards to 3.125…

Bitcoin addresses are a fundamental part of the Bitcoin network, acting as identifiers for sending and receiving Bitcoin. Understanding them is crucial for anyone venturing into the world of cryptocurrency. This article will cover the basics of Bitcoin addresses, explain their role in security and privacy, and provide best practices for managing them. What is a Bitcoin Address? Think of a Bitcoin address like an email address for receiving Bitcoin. It’s a unique identifier, a string of alphanumeric characters (usually starting with a 1, 3, or bc1), derived from your public key using a cryptographic hashing algorithm. This address is…

Bitcoin’s latest surge has sparked renewed excitement across the crypto space. As the cryptocurrency hovers near its recently set all-time high, new data suggests changes in Bitcoin holder behavior and a strong potential for further gains throughout the week. Bitcoin Enters “Unprecedented” Bull Phase According to Santiment’s latest tweet, an important on-chain signal supporting this bullish momentum is the declining Mean Dollar Age of Bitcoin holdings, which reflects a younger average age of coins in circulation. This trend has historically aligned with major bull cycles. Over the past five years, there have been three major bull runs, and Santiment found…

An art historian who chaired Louisville’s public art commission said he would leave his post amid plans to restore a statue of King Louis XVI graffitied by protestors in 2020 following the police killing of Breonna Taylor. In an op-ed published in the Courier Journal, Chris Reitz, a scholar who has published two books on painter Martin Kippenberger, accused the city of Louisville, Kentucky, of attempting to “erase all evidence” of those 2020 protests on their five-year anniversary. He raised concerns about the cost of restoring the sculpture, which he described as being “beyond repair,” and questioned the true motivation…