Author: Kryptonews

Strategy’s Michael Saylor has rebuffed fears that a crypto market winter will return, suggesting Bitcoin’s increased adoption and constrained daily supply will see it rally to $1 million.“Winter is not coming back,” Saylor told Bloomberg on Tuesday. “We’re past that phase; if Bitcoin’s not going to zero, it’s going to $1 million.”Billion-dollar asset manager ARK Invest in April raised its “bull case” Bitcoin price target from $1.5 million to $2.4 million by the end of 2030.Once $50M in daily Bitcoin is bought, the price must riseSaylor said that approximately 450 Bitcoin (BTC) are available for sale each day by Bitcoin…

Bitcoin’s recent price surge has reignited the debate: can it truly challenge gold’s long-held title as the premier store of value? The digital asset has experienced significant volatility, yet proponents argue its inherent scarcity, decentralized nature, and growing institutional adoption position it as a legitimate alternative, particularly for a younger generation comfortable with digital assets. Gold, on the other hand, benefits from centuries of established trust, tangible existence, and its historical role as a safe haven during economic uncertainty. Let’s delve deeper into the factors influencing this evolving competition.## The Case for Bitcoin: Digital Scarcity and DecentralizationA core argument favoring…

Introduction to Blockchain and IoT In recent years, both blockchain and the Internet of Things (IoT) have emerged as transformative technologies, each promising to revolutionize the way we interact with data, devices, and systems. Blockchain, known for its decentralized and immutable ledger capabilities, has gained fame through cryptocurrencies but extends far beyond digital money. IoT, on the other hand, connects physical devices to the digital world, enabling smart automation, real-time monitoring, and data-driven decision-making. The convergence of these two technologies has sparked excitement—and some hype—around their potential synergies, but real-world applications are now beginning to take shape. The Synergy Between…

Key takeaways: An Ethereum whale made $31 million in two ETH trades in the last 44 days. Unique Ethereum addresses surged by 70% in Q2, with the Base network leading activity growth. Ether (ETH) is on the verge of breaking its monthly range, hitting a 15-week high of $2,827 on June 10. A daily close above $2,700 would mark its highest since Feb. 24.After a month-long price consolidation between $2,300 and $2,800, one Ethereum whale capitalized on the recent rally. According to an X post from onchain tracker Lookonchain, the whale sold 30,000 ETH for $82.76 million through an over-the-counter…

Plasma’s highly anticipated ICO (Initial Coin Offering) for its XPL token closed its vaults after raising $500 million from over 1,100 depositors. The event, which marked a dizzying display of capital deployment and gas wars, has raised concerns among community members. Plasma ICO Raises $500 Million Amid Whale Frenzy, Expecting $1–2 Billion Unlock? While the token has not yet been launched, expectations are already swelling that the final unlock could bring in $1 billion to $2 billion, if not more. “We have reached our deposit cap of $500 million. We are thrilled that 1,100+ wallets participated, with a median deposit…

US Senator Cynthia Lummis has called for changes in the current crypto tax policy.  Lummis emphasizes that the policy has been tilted against Bitcoin and other cryptocurrencies. Lummis said that the Bitcoin mining community is one of the hardest-hit groups due to the proposed provisions, which would endure potentially duplicative taxes and substantial compliance headaches. This interpretation follows Senator Lummis’ X post that says that America’s crypto tax laws disproportionately target Bitcoin and other digital assets. As a long-time advocate, she argued that the current tax laws are a “complete mess,” with the most problems manifested by Bitcoin. Bitcoin and digital…

An upcoming Bitcoin software update will increase the data limit on a divisive function that will allow significantly more images, text and documents to be stored on the Bitcoin blockchain, a developer says.The Bitcoin Core 30 update slated for Oct. 30 will remove the 80-byte limit on the controversial OP_RETURN function and allow each output to carry up to 4 megabytes of data, Bitcoin Core developer Gloria Zhao posted to GitHub on Monday.It comes three days after 31 Bitcoin Core devs signed a statement supporting the change, known as merged pull request (MPR) #32406. The Bitcoin devs indicated on May…

The AI-Blockchain Paradox: Decentralization vs. Centralized Control Introduction to the Conflict Artificial intelligence (AI) and blockchain technology are two transformative forces of the 21st century, yet they stand at odds when it comes to governance and control. While blockchain promises decentralized, trustless systems with open-source transparency, AI often operates under centralized models, reliant on proprietary algorithms and controlled datasets. This paradox raises fundamental questions about how these technologies can coexist—or whether they inevitably clash. Blockchain’s Decentralized Foundation At its core, blockchain technology is designed to distribute power across a network, ensuring no single entity holds control. It operates on the…

The Texas Historical Commission (THC), a group that oversees preserved sites in the state, announced that a series of buildings repurposed by minimalist artist Donald Judd and overseen by two artist foundations, has been added to a national register that gives protected status to long-standing cultural sites. The listing makes the artist’s compound in the West Texas town entitled to preservation efforts in the future. The designation, approved by the U.S. National Park Service in May 2025, was part of an application sent in by the Texas commission this fall that aimed to expand a pre-existing military district to include…

Illegal crypto miners operating in Russia could lose their coins and face heavy fines under new rules formulated by the nation’s Ministry of Digital Development, Communications, and Mass Media.Per a report from Forbes Russia, the ministry says its proposal is currently undergoing interdepartmental review.However, if the plans are adopted as-is, Russian law agencies and courts will be given the power to seize crypto from illegal miners.Russia: Miners May Be Fined for Flaunting BansUnder the new proposal, Russian judges will also be able to punish individuals engaging in illegal mining. Courts will be able to hand out fines worth between 100,000…