Author: Kryptonews

The US Senate is preparing to vote next week on a revised version of the GENIUS Act, a stablecoin-focused bill that has been updated to address concerns raised by Democratic lawmakers.Last week, the bill stalled after several Democratic lawmakers withdrew support, citing gaps in anti-money laundering provisions, weak oversight for foreign stablecoin issuers, and a lack of enforcement tools.In response, the bill’s sponsors have introduced key amendments to tighten regulatory controls and reinforce national security protections.Key changes introduced into the GENIUS ActAccording to available information, the updated bill strengthens clauses around financial integrity, consumer protection, and ethical standards.It also introduces…

Ethereum’s recent Pectra upgrade is sparking a surge in smart account usage, redefining how users interact with the network.Data compiled by Base analyst 0xKofi from Bundle Bear shows that more than 26,000 wallets have transitioned to the new smart account format powered by the EIP-7702 in the Pectra upgrade.What are smart accounts?EIP-7702 is a new standard that lets regular Ethereum wallets operate like smart contracts, without losing their original address or flexibility.Traditionally, Ethereum wallets fell into two categories: Externally Owned Accounts (EOAs), which could send transactions but lacked programmability, and Smart Contracts addresses that could automate tasks but couldn’t initiate…

Bitcoin, while revolutionary in its inception, has faced scalability challenges. The base layer, or main blockchain, can only process a limited number of transactions per second, leading to slow confirmation times and high transaction fees, especially during periods of high network activity. Thankfully, innovation in the Bitcoin space has yielded a potential solution: the Lightning Network. What is the Lightning Network? The Lightning Network is a "layer-two" scaling solution built on top of the Bitcoin blockchain. Think of the Bitcoin blockchain as a highway. During rush hour, it gets congested, and everyone moves slowly. The Lightning Network creates side roads…

Blockchain Basics: A Simple Explanation Blockchain is a digital ledger that records transactions across a network of computers in a secure and transparent way. Unlike traditional databases, which are often controlled by a single entity, blockchain is decentralized—meaning no single party owns or controls it. Instead, data is spread across many users (or "nodes") in the network. How Blockchain Works in 6 Key Steps Transactions OccurUsers send transactions (e.g., payments, data exchanges) to the network. These transactions are bundled into groups called "blocks." Blocks Are Added ChronologicallyEach new block is added sequentially to previous blocks, forming a chain (hence "blockchain").…

Godfrey Benjamin Nov 02, 2022 06:03 Visa has launched a pre-event NFT auction for the FIFA World Cup Financial services giant and the official payment partner of FIFA at the upcoming World Cup in Qatar has announced the launch of Visa Masters of Movement Non-Fungible Token (NFT) pre-event auction. According to the firm, the NFT is inspired by unique goals from 5 football legends including Jared Borgetti, Tim Cahill, Carli Lloyd, Michael Owen, and Maxi Rodriguez.   The movements from these football stars were turned into an NFT by award-winning XK Studio and…

The Dogecoin network is experiencing a resurgence in activity and investor interest, signaling the early signs of a potential new bull cycle for the DOGE price. Meanwhile, the broader crypto market remains bullish, with Ethereum (ETH) outperforming Bitcoin, prompting speculation that an altcoin season may be imminent. Dogecoin Network Records Rising Activity: What is Driving The Surge? Data on Glassnode shows that Dogecoin active addresses rose from 61,892 on May 7 to 674,527 as of May 14. This represents a surge of nearly 990% in a week, suggesting renewed user engagement and transactional volume. DOGE Active Addresses. Source: Glassnode dashboard…

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…

The Mekong devnet was meant to be a playground for wallet developers to experiment with UX changes and for stakers to gain confidence in the upcoming Pectra changes. The Pectra network upgrade has been activated on the Ethereum Sepolia and Holesky testnets. These networks can now be used to test the Pectra upgrade features. In light of this, we’d like to announce the deprecation of the Mekong testnet on 7th March, 2025. Application and tooling developers are encouraged to use Sepolia to test applications, smart contracts, and other EVM functionality. Its permissioned validator set provides a stable test environment. Alternatively,…

What is Blockchain? Blockchain is a decentralized, digital ledger that records transactions across multiple computers in a network. It’s best known as the technology behind cryptocurrencies like Bitcoin, but its applications extend far beyond digital money. Unlike traditional ledgers maintained by a single authority, blockchain operates without a central control point, making it secure, transparent, and resistant to fraud. Key Characteristics of Blockchain Decentralization: Blockchain operates on a peer-to-peer network where no single entity controls the data. All participants have a copy of the ledger, ensuring consensus rather than relying on a middleman. Immutability: Once recorded, transactions cannot be altered…

Opinion by: Yat Siu, executive chairman and co-founder, Animoca BrandsA discussion on digital property rights, copyright, intellectual property, the open metaverse, AI and value without physical form.When I attend conferences and similar public events, someone almost always approaches me to ask how cryptographic tokens (fungible or non-fungible) can have value even though tokens are virtual and do not exist in the physical world. It’s a surprisingly common question, especially one-on-one.Virtual objects like NFTs and cryptocurrencies are both digital and intangible; their existence is not based in the real (physical) world, and (unlike digital currencies) they generally do not have backing…