Author: Kryptonews

In brief Telegram banned thousands of accounts linked to Haowang Guarantee on May 13, forcing the platform offline. The marketplace enabled cybercriminals to trade stolen data, fake IDs, and tools for industrial-scale online scams. Investigators say key players are now regrouping under successor platforms like Xinbi and Tudou Guarantee. Telegram has terminated the most prolific crypto-fueled black market ever seen online, erasing a network that helped launder more than $27 billion across Asia’s cyber scam economy.On Monday, the messaging platform banned thousands of accounts linked to Haowang Guarantee, formerly Huione Guarantee, forcing the illicit marketplace to shut down almost immediately.“Telegrame…

On May 10, YouTube mega-star MrBeast (real name James Donaldson) released a video titled I Survived 100 Hours in an Ancient Temple to his channel, which currently counts more than 394 million subscribers. The video, part of his globe-trotting endurance series, has racked up over 55 million views in just four days. But while the challenges may be real, not everything shown in the video is—at least according to Mexico’s National Institute of Anthropology and History (INAH). In a statement published May 12, INAH confirmed that Donaldson’s visits to several Mayan archaeological zones—including Chichén Itzá, Calakmul, and Balamcanché—were carried out with full…

The Rise of Decentralized Finance (DeFi) Traditional finance has long been dominated by centralized institutions—banks, stock exchanges, and payment processors. These intermediaries control transactions, maintain ledgers, and charge fees. However, blockchain technology is disrupting this model by enabling decentralized, permissionless, and more transparent financial systems. Blockchain’s immutable and distributed ledger technology eliminates the need for intermediaries, reducing costs and increasing efficiency. Cryptocurrencies like Bitcoin were the first stepping stone, but the true revolution is happening in Decentralized Finance (DeFi). DeFi platforms offer lending, borrowing, trading, and other financial services without banks or traditional financial institutions. Blockchain’s Core Advantages over Traditional…

Hi! This is Hsiao-Wei and Tomasz co-writing this blog post. We’ve now been in our new Co-Executive Director roles for almost a month. The honeymoon is over, it’s time to get moving. A Moment of Transition and Opportunity Ethereum has always been a journey: a constantly evolving ecosystem powered by people who believe in building a more open and decentralized world. While the Ethereum Foundation (EF) may be a decade old, it remains willing to reinvent itself. This year, EF embraced a new leadership model with dual Executive Directors. This design brings diverse and complementary perspectives, enhancing our ability to…

Ukraine is reportedly preparing legislation to become one of the first nations to officially hold Bitcoin in its national reserves.According to Ukrainian media outlet Incrypted, Member of Parliament Yaroslav Zhelezniak confirmed that a draft law is being developed to support the initiative.Zhelezniak, who also serves as the First Deputy Chairman of the Committee on Finance, Tax, and Customs Policy, revealed plans to submit the bill soon. However, the final language is still under review.Ukraine’s interest in holding Bitcoin comes as the country adopts digital assets more broadly. A 2024 Chainalysis report ranks the country among the top 10 for global…

Introduction to the Financial Industry The financial industry is a complex and ever-evolving sector that plays a crucial role in global economic stability, growth, and trade. It encompasses a wide range of organizations, institutions, and markets that facilitate money management, investment, lending, and financial transactions. From traditional banking to modern fintech and digital assets, the financial industry continues to adapt to technological advancements, regulatory changes, and shifting consumer needs. Key Components of the Financial Industry The financial industry can be broadly categorized into several key segments, each serving distinct functions. Banking Sector Commercial and retail banks remain foundational to the…

Key takeaways:Ether’s price fell over 4% to $2,575 on May 15, mirroring similar downward moves across the wider cryptocurrency market.Long liquidations and a drop in open interest facilitated ETH’s drop.“Overbought” RSI and technical resistance signal profit-taking.Ether (ETH) price declined by over 4% in the last 24 hours to around $2,575 on May 15. ETH’s drop mirrored similar downside moves elsewhere in the cryptocurrency market, with the total capitalization falling by approximately 2.40% to $3.3 trillion.ETH/USD four-hour chart. Source: Cointelegraph/TradingViewLet’s look at some of the factors driving Ether’s price down today.ETH price down as long liquidated, and OI falls Ether’s open…

The NFT sector has not yet returned to the glory of its 2022 heyday, but that hasn’t stopped the evolution of the tech. For instance, OpenSea has partnered with the music and arts festival conglomerate Coachella to release three NFT collections that offer both virtual and tangible real-life VIP experiences and merchandise. The partnership will eventually produce three collections offering different perks and varying tiers of exclusivity (as well as cost). The first one is the VIP Pass + Oasis Lounge Keepsake, which was released on Tuesday at $1,499 each, capped at 1,000 NFTs. This tier includes access to a…

Ukraine is reportedly moving closer to adopting Bitcoin as a national reserve asset, a move that could bolster its financial resilience amid the ongoing war with Russia. Lawmakers are reportedly working on a Bitcoin (BTC) national reserve proposal, with a draft bill in its final stages, according to Yaroslav Zhelezniak, a member of parliament who confirmed the plan to local media outlet Incrypted.The proposal was announced during the CRYPTO 2025 conference in Kyiv on Feb. 6. “We will soon submit a draft law from the industry allowing the creation of crypto reserves,” Zhelezniak said.Cointelegraph reached out to Zhelezniak for comment…

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…