Author: Kryptonews

Elon Musk’s AI chatbot Grok had a strange fixation last week—it couldn’t stop talking about “white genocide” in South Africa, no matter what users asked it about.On May 14, users started posting instances of Grok inserting claims about South African farm attacks and racial violence into completely unrelated queries. Whether asked about sports, Medicaid cuts, or even a cute pig video, Grok somehow steered conversations toward alleged persecution of white South Africans.The timing raised concerns, coming shortly after Musk himself—who is actually a South Africa-born and raised white dude—posted about anti-white racism and white genocide on X. There are 140…

After years of underperformance, Ethereum’s price gap with Bitcoin could pave the way for a long-awaited rebound, analysts say. Ethereum (ETH) has been struggling for the past five months, losing momentum to both Bitcoin (BTC) and other altcoins. Despite this, there’s hope that May, historically Ethereum’s strongest month, could bring a shift in momentum. Since 2016, Ethereum has averaged nearly 28% return in May, according to data from Coinglass, and this year, analysts are watching closely for signs of a potential rebound. Ethereum’s monthly returns since 2016 | Source: Coinglass According to a blockchain analytics firm CryptoQuant, Ethereum’s current undervaluation…

Hong Kong police arrested 12 people involved in a cross-border money laundering scheme that relied on crypto and over 500 stooge bank accounts to launder HK$118 million ($15 million), local news outlets reported.The syndicate was dismantled on May 15, resulting in the arrest of nine men and three women in mainland China and Hong Kong. The suspects allegedly recruited others to open bank accounts to receive proceeds from fraud cases, which were then converted into crypto at crypto exchange shops to launder the illicit funds, Hong Kong Commercial Daily reported on May 17.The criminal organization rented a residential unit in…

Introduction to Blockchain Security Risks Blockchain technology is often celebrated for its decentralized, immutable, and secure nature. However, beneath its promising facade lies a complex web of vulnerabilities that could jeopardize the integrity of entire networks. While decentralization enhances resilience against single points of failure, it also introduces unique security challenges that malicious actors can exploit. 51% Attacks: The Ultimate Decentralized Threat One of the most notorious security risks in blockchain networks is the 51% attack, where a malicious entity gains control over more than half of the network’s mining hash rate. In such cases, they can manipulate transactions, double-spend…

Key takeaways:The altcoin market cap, excluding Ether (ETH), has added $126 billion in Q2, sparking enthusiasm from analysts who have been waiting for an altseason. Crypto analyst Javon Marks noted a breakout that could rival the explosive 2017 bull run. In a recent post on X, Marks highlighted a chart comparing the TOTAL3 index (total market cap of altcoins excluding Bitcoin (BTC) and Ethereum) against the US money supply, suggesting that altcoins may be on the verge of a significant rally. A rise in TOTAL3 against the US money supply suggests that altcoins are gaining value relative to the total liquidity in…

Eric Council Jr. was sentenced to 14 months’ imprisonment for his role in the Jan. 9, 2024, hack of the U.S. Securities and Exchange Commission’s (SEC’s) X account. The convicted, along with co-conspirators, posted false news of the SEC approving the first Bitcoin (BTC) exchange-traded fund in the U.S.In a press release on May 16, 2025, the U.S. Department of Justice (DOJ) stated that Council Jr. will also be subjected to three years of supervised release, a form of parole.The 26-year-old from Huntsville, Alabama, had pleaded guilty to conspiracy to commit aggravated identity theft and access device fraud in February.…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The price of Ethereum (ETH) continued to impress over the past week, briefly touching the $2,700 level (for the first time in nearly three months) on Tuesday, May 13. While the altcoin has somewhat slowed down at the start of this weekend, the market confidence continues to tilt toward the continued recovery of the ETH price. Specifically, the price of Ethereum is being tipped to take a step further in its recovery by outperforming Bitcoin (the world’s largest cryptocurrency by market capitalization) over the next few months.…

The Rise of Gaming NFTs: Beyond Digital Collectibles In the fast-evolving world of blockchain and Web3, gaming NFTs are disrupting traditional gaming models by offering ownership, interoperability, and monetization opportunities that were once unimaginable. What began as a niche interest in digital collectibles has exploded into a full-scale movement, with platforms like Rarible and others leading the charge in playable NFTs. But how did we get here? From Art to Action: How Gaming NFTs Transcended Traditional NFTs Early NFTs were often seen as mere speculative assets or static art. However, gaming NFTs brought a new dimension—utility. Instead of just displaying…

Ethereum’s infrastructure landscape faces transformation in 2025, with modular blockchain designs, enhanced reliability mechanisms, and multichain solutions taking center stage, according to insights shared at DevCon 2024 in Bangkok. Constantine Zaitcev, CEO of dRPC, identified three primary developments that will shape Ethereum’s infrastructure evolution. “Modular blockchain designs will gain traction, with smart wallets and account abstraction becoming integral for mainstream adoption,” Zaitcev said. He expects dApps to prioritize user onboarding through real-world applications. The push for blockchain reliability represents the second major shift, as Web3 adoption accelerates. “Developers will seek fallback mechanisms at every level, from RPC providers to data…

Jennifer Sanasie is an executive producer and senior anchor at CoinDesk, with over a decade of journalism experience across the U.S., Canada, and South Africa. Beyond media, she has worked closely with Web3 companies on marketing, content, and business strategy.Jennifer holds an MBA from the Rotman School of Management, a Master of Laws in Innovation and Technology from the University of Toronto, a BA in Media Studies from the University of Guelph, and a Journalism Diploma from Humber College.She owns BTC, ETH, SOL, USDC, USDT, G7, and DCNT. She also holds a mix of NFTs, altcoins and memecoins worth under…