Author: Kryptonews

Key takeaways: Ether futures open interest has surged 40% in 30 days, while the spot ETH ETFs marked four consecutive weeks of inflows.ETH’s Gaussian channel indicator suggests a rally to $3,100 to $3,600 could occur.Ethereum’s native token, Ether (ETH), has consolidated between $2,300 and $2,800 for the past 30 days, but this sideways phase could be coming to an end. The 4-hour chart shows ETH retaining support from the 200-day exponential moving average (EMA), and the price is forming a hidden bullish divergence with the relative strength index (RSI). A hidden bullish divergence occurs when the price forms higher lows…

Share this article Cryptocurrencies and crypto assets are more popular today than they have ever been, especially here in the UK. The numbers surrounding the adoption of digital currencies have been rising across different demographics, from first-time investors to full-time traders and even long-time sceptics. But as more people get involved, the UK’s tax authority is taking a closer look, especially when it comes to the growing need for crypto tax compliance.So, in this guide, we’ll break down what the UK crypto tax scene looks like, how it works, what exactly is taxable, what’s not, and what you need to…

Note: this post was updated on April 4, 2022 to include a full copy of the Client Incentive Program details. A diverse set of clients is key to the Ethereum network’s health and decentralization. Diversity ensures that innovation continues at the base layer of the protocol, that the network is resilient in the face of potential attacks or bugs, and that a broad set of participants are engaged in debating potential changes to core protocol. While clients provide an essential service to the network (without them, there is no network!), it has historically been difficult for them to capture value.…

After plummeting to concerning lows, Bitcoin has demonstrated remarkable resilience, staging a significant recovery that has caught the attention of investors and analysts alike. The cryptocurrency experienced a sharp dip, fueled by a combination of factors including regulatory concerns, macroeconomic uncertainty, and profit-taking. However, the recent resurgence suggests a renewed confidence in the long-term viability of Bitcoin.## Factors Contributing to the RecoverySeveral factors appear to be driving Bitcoin’s impressive comeback. Increased institutional adoption remains a powerful force, with major corporations continuing to explore and integrate Bitcoin into their investment strategies. Furthermore, positive sentiment regarding potential regulatory clarity in some jurisdictions…

What is a Blockchain? Before diving into the differences between public and private blockchains, it’s important to understand what a blockchain is. A blockchain is a distributed digital ledger that records transactions across multiple computers in a network. This technology ensures transparency, security, and immutability of data once it is recorded. Blockchains can be categorized into two main types: public (permissionless) and private (permissioned), each with distinct features and use cases. Public vs. Private Blockchains Public (Permissionless) Blockchains What is it?Public blockchains are decentralized, open-source networks that allow anyone to join and participate. The most famous example is Bitcoin, followed…

Bitcoin’s quiet climb on Monday accelerated to its strongest price in June, rebounding from last week’s decline to near all-time high levels.The largest crypto advanced by 3.7% over the past 24 hours, topping $110,000, and it’s changing hands by only 2% from its record prices observed in May. Ethereum’s ether kept pace with a 3.8% gain during the same period, bouncing above $2,620. Native tokens of Hyperliquid and SUI outperformed most large-cap cryptocurrencies, rising 7% and 4.5%, respectively.Bitcoin’s move higher caught leveraged traders off-guard, liquidating over $110 million worth of short positions within an hour, CoinGlass data shows. Across all…

The USA is the global leader in Bitcoin mining electricity expenses, spending over $10.8 billion annually, far exceeding any other country. China and Kazakhstan follow, spending $4.4 billion and $2.8 billion, respectively. Canada and Russia also stand out with significant expenditures—Canada spends nearly $1.5 billion, driven by relatively high energy costs, while Russia contributes over $1.1 billion, highlighting their substantial roles in global mining despite lower hash rates.Bitcoin mining requires significant amounts of electricity, impacting countries and states by increasing energy costs, causing blackouts, and driving higher carbon emissions. This study dives into these critical issues to reveal the hidden…

US lawmakers on the House Financial Services Committee are expected to meet for a markup hearing on Tuesday to consider a cryptocurrency market structure bill, which could be amended to add protections for blockchain developers.According to a notice released ahead of the hearing, committee chair French Hill introduced an amendment to the Digital Asset Market Clarity Act of 2025, otherwise known as the CLARITY Act, focusing on the “treatment of certain non-controlling blockchain developers.” The amendment proposed that, under the potential market structure law, certain blockchain developers or service providers would not be considered money transmitters or subject to their…

When it comes to building decentralized apps (dApps), one of the most critical decisions developers face is whether to use a traditional database or a blockchain. Both technologies have unique strengths and weaknesses, and the best choice depends on the specific requirements of the application. Understanding Blockchain Blockchain technology is a distributed, immutable ledger that records transactions across multiple nodes in a network. It is most famous for its role in cryptocurrencies like Bitcoin and Ethereum but has far broader potential. Key features of blockchain include: Decentralization: No single point of control or failure. Immutability: Data is tamper-proof, ensuring transparency…

In general, the NFT and crypto landscape stands as a volatile and unpredictable market. However, as of late, there’s been an increase in the air of uncertainty surrounding this landscape, demanding the attention of investors and onlookers alike. In fact, the sensitivity of this market is further solidified by the huge impact a tweet from crypto influencer Kekalf had on the world of crypto and NFTs. It’s important to note that this sudden buzz following the social media post has brought about vital discussions, including speculation on where the market is headed. To better understand the ripple effect, let’s take…