Author: Kryptonews

Key Takeaways Abraxas Capital Management accumulated 278,639 ETH valued at $655 million since May 7. The firm realized an unrealized profit of $77 million from their Ethereum investments. Share this article A crypto wallet believed to belong to UK investment firm Abraxas Capital Management has amassed 278,639 Ethereum, worth approximately $655 million, since Ethereum’s Pectra upgrade was activated, according to on-chain data tracked by Lookonchain.The London-based asset manager accumulated the crypto asset at an average price of $2,350. With Ether trading above $2,600 at press time, the holdings reflect an unrealized profit of $77 million. Abraxas Capital continues to accumulate…

Telegram founder Pavel Durov said he rejected pressure from a European Union (EU) country to censor political content on the social media platform ahead of the May 18 presidential elections in Romania.According to Durov, a Western European government, which he hinted at with a baguette emoji, approached the platform and requested it censor conservative voices, which he flatly denied. Durov wrote in a May 18 Telegram post:”You can’t ‘defend democracy’ by destroying democracy. You can’t ‘fight election interference’ by interfering with elections. You either have freedom of speech and fair elections — or you don’t. And the Romanian people deserve…

Introduction Blockchain technology has gained widespread attention for its potential to revolutionize industries ranging from finance to supply chain management. However, beneath its innovative surface lies a growing concern: the substantial carbon footprint associated with certain blockchain networks. The decentralized and secure nature of blockchain comes at an environmental cost, raising the critical question—is decentralization worth the damage? The Environmental Impact of Blockchain Blockchain’s carbon footprint stems primarily from its consensus mechanisms, particularly Proof-of-Work (PoW). In PoW systems like Bitcoin, nodes compete to solve complex mathematical problems to validate transactions and create new blocks. This process requires immense computational power,…

The tenth edition of Photo London opened in Somerset House on Wednesday on the sun-drenched banks of the River Thames. Launched in 2015, the fair is now the biggest one devoted to photography in the UK. Over the past decade it’s grown alongside the Georgian-era institution that hosts it. Somerset House’s complex also includes the Courtauld Institute of Art and other arts organizations.“Twenty-five years ago, Somerset House’s courtyard stopped being used as a government car park, and the last civil servants moved out of the building [formerly used as offices for HM Revenue and Customs] just before Photo London’s first…

Key Takeaways:Bitcoin hits $105,327, surging over 37% in less than a month and boosting overall market cap.Crypto market gains $250 billion in total value, with BTC dominance climbing past 53%.Investor mood improves with lower U.S. CPI, dovish Federal Reserve attitude, and revived institutional drive.After weeks of instability, Bitcoin has surged beyond the $105,000 milestone. Rising institutional involvement and relaxing macroeconomic concerns accompany this record rise, which sets off a flurry of optimistic activity across the larger crypto market.Read More: Bitcoin Surges Past $97K — Is BTCBull the Popular Digital Currency to Consider Now as Momentum Builds?Bitcoin Breaks $105K as Momentum…

Attorneys for Tornado Cash developer Roman Storm filed a motion asking the court to reconsider the motion to dismiss the case due to the prosecution withholding exculpatory evidence in the form of communications with the Financial Crimes Enforcement Network (FinCEN) dating back to 2023.According to a May 16 letter from Storm’s attorneys to Judge Katherine Polk Failla, the FinCEN documents show that non-custodial crypto mixers do not fall under the legal definition of a “money transmitting business” and that prosecutors have known this since at least 2023.Despite having knowledge of the FinCEN guidance on crypto mixers, state prosecutors still proceeded…

Key points:A Bitcoin price close above $105,000 could accelerate momentum and trigger a rally to $130,000.Ether continues to gain strength, which is being mirrored by many altcoins.Bitcoin (BTC) has been consolidating between $100,718 and $105,819 for the past few days, indicating a balance between supply and demand. A positive sign is that the price has held above the psychologically crucial $100,000 level, signaling that the bulls are hanging on to their positions as they anticipate another leg higher.Market intelligence firm Santiment highlighted in a post on X that the failure to rise above $105,000 has caused impatience among retail traders,…

The real estate industry has long been characterized by high barriers to entry, illiquidity, and inefficient transactions. However, the advent of blockchain technology and tokenization is transforming the way investors interact with property ownership. Tokenized real estate allows for the fractional ownership of physical assets, enabling wider access and creating a more transparent, liquid market. ## What is Tokenized Real Estate? Tokenized real estate involves the issuance of digital tokens representing ownership in a physical property or a real estate investment trust (REIT). These tokens are securely recorded on a blockchain, ensuring transparency and reliability. Each token often represents a…

The halving event in Bitcoin is a cornerstone of its programmed scarcity and a widely anticipated event within the cryptocurrency community. Understanding its mechanics and potential impact is crucial for investors navigating the volatile crypto market. Here’s a breakdown of what the Bitcoin halving entails and its implications. Understanding the Bitcoin Halving Process The Bitcoin halving is an event that occurs approximately every four years, or more precisely, every 210,000 blocks. During a halving, the block reward given to Bitcoin miners for verifying transactions and adding new blocks to the blockchain is reduced by 50%. This reduction directly impacts the…

The United States will restore steep “reciprocal” tariffs if trading partners do not reach new agreements within a 90-day freeze, Treasury Secretary Scott Bessent said Sunday, signaling fresh pressure from President Donald Trump on foreign capitals. Speaking on CNN’s State of the Union with Jake Tapper, Bessent said the administration has “put them on notice” that duties will “ratchet back up to your April 2 level” if talks fail. Eighteen “important” partners are the main focus, he added, though he did not give a timetable for how fast higher rates could return. Bessent suggested some pacts may be regional, saying…