Author: Kryptonews

Gregory Crewdson: Untitled (Trouble with Harry’s), a NFT from the series Beneath the Roses 2003-2008Made over the course of eight productions spanning five years, with a full feature-film crew, the pictures blur the distinctions between cinema and photography, reality and fantasy, what has happened, and what is to come. The display of digital APs as NFTs at Paris Photo will offer visitors a glimpse into Crewdson’s elaborately choreographed, large-scale cinematic photographs Photograph: Gregory Crewdson

Bitcoin’s rally triggered over $248 million in liquidations across the derivatives market in the past 24 hours. This spike came as Bitcoin climbed from an intraday low of $102,135 to a peak of $108,010, closing the day at $106,769 with a 2.83% gain.The move forced nearly 90,000 traders out of their positions, with short liquidations accounting for the bulk of the damage.Short positions made up $132.30 million of total liquidations, while long traders accounted for $115.81 million. The 12-hour window leading up to the final liquidation tally was particularly volatile, seeing $114.19 million in wiped positions, more than 45% of…

The Ever-Present Threat of Smart Contract Vulnerabilities Blockchain technology promises security and immutability, but its strengths—decentralization and open-source code—are also exploited by attackers. Smart contracts, the backbone of decentralized applications (dApps) and decentralized finance (DeFi) protocols, often contain hidden loopholes that allow hackers to drain millions in cryptocurrency. From reentrancy flaws to rug pulls, these vulnerabilities have kept blockchain users on edge, demanding greater awareness and caution when interacting with on-chain projects. The Reentrancy Attack: A Classic Exploit One of the most infamous blockchain hacks began with a reentrancy bug. In 2016, the Decentralized Autonomous Organization (DAO) was compromised for…

Bitcoin, the pioneering cryptocurrency, has revolutionized finance by providing a decentralized and secure way to transfer value. Understanding the basics of sending and receiving Bitcoin is crucial for anyone venturing into the digital currency landscape. This article will guide you through the essential steps and concepts involved in Bitcoin transactions. Understanding Bitcoin Addresses A Bitcoin address is like a bank account number, but instead of being tied to a central institution, it’s a unique string of alphanumeric characters representing your Bitcoin wallet on the blockchain. Think of it as a public key. It’s what you share with others when you…

Crypto cybersecurity firm Trugard and onchain trust protocol Webacy have developed an artificial intelligence-based system for detecting crypto wallet address poisoning.According to a May 21 announcement shared with Cointelegraph, the new tool is part of Webacy’s crypto decisioning tools and “leverages a supervised machine learning model trained on live transaction data in conjunction with onchain analytics, feature engineering and behavioral context.” The new tool purportedly has a success score of 97%, tested across known attack cases. “Address poisoning is one of the most underreported yet costly scams in crypto, and it preys on the simplest assumption: That what you see…

To get the show every day, follow the podcast here.On today’s episode of “Markets Daily,” host Jennifer Sanasie speaks with Mark Connors, head of research at 3IQ, about 2024 bitcoin price predictions, why ether is a “sleeping dog,” and where institutional interest in crypto assets is picking up.This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl, alongside Senior Booking Producer Melissa Montañez. All original music by Doc Blust and Colin Mealey.Audio Transcript: This transcript has not been edited and may contain errors.JENNIFER SANASIE:It’s Wednesday, January 17th, 2024…

Introduction to Blockchain in Gaming The integration of blockchain technology into gaming has generated significant buzz in recent years, promising innovations such as true digital ownership, seamless cross-platform play, and fairer monetization models. While the hype often centers on NFTs and play-to-earn (P2E) mechanics, the real value of blockchain in gaming extends beyond speculative markets and tokenomics. This article explores practical, real-world applications of blockchain in gaming that enhance player experiences, game development, and the industry as a whole. Enhancing Digital Ownership and Asset Security One of the most significant impacts of blockchain in gaming is the secure, verifiable ownership…

United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce said many non-fungible tokens (NFTs), including those with mechanisms to pay creator royalties, likely fall outside the purview of federal securities laws.In a recent speech, Peirce said NFTs that allow artists to earn resale revenue do not automatically qualify as securities. Unlike stocks, NFTs are programmable assets that distribute proceeds to developers or artists. The SEC official said that mirrors how streaming platforms compensate musicians and filmmakers. “Just as streaming platforms pay royalties to the creator of a song or video each time a user plays it, an NFT can enable…

Wrapped stETH (wstETH) is a currency that combines the flexibility of decentralized finance (DeFi) with the advantages of Ethereum staking. In this article we’ll discuss what is Wrapped stETH, how it works, what it is used for, and price history of Wrapped stETH (WSTETH). What is Wrapped stETH? A stable variant of staked ether, Wrapped stETH (WSTETH) is a currency intended for usage in decentralized finance (DeFi) applications.  By staking ETH using Lido’s liquid staking platform, one can receive a wrapped version of stETH.  As a result, users can still take part in DeFi applications and receive incentives for staking.…

The Growing Menace of Counterfeit Goods Counterfeiting has become a pervasive global issue, affecting industries ranging from fashion and pharmaceuticals to electronics and automotive parts. According to the International Chamber of Commerce, counterfeit goods account for nearly 10% of world trade—costing businesses billions annually while risking consumer safety. The complexity of modern supply chains, with multiple intermediaries and geographically dispersed operations, makes tracking the authenticity of goods particularly challenging. Blockchain: A Solution for Supply Chain Transparency Blockchain technology offers a groundbreaking solution by enabling secure, transparent, and immutable tracking across the supply chain. Unlike traditional centralized databases, blockchain operates as…