Author: Kryptonews

By Omkar Godbole (All times ET unless indicated otherwise)The recent TACO tease, implying “Trump Always Chickens Out” on tariffs, likely didn't go down well with the President, who raised the stakes in the ongoing trade war on Friday, leading to broad-based risk aversion, which persists as of writing.On Friday, Trump said that on June 4, the U.S. tariffs on imported aluminum and steel would go from 25% to 50%, triggering a broad-based risk-off move across global markets. Bitcoin has since traded in the range of $103,000-$106,000, with little to no excitement in the broader crypto market. Notably, BlackRock's spot bitcoin…

Binance co-founder Changpeng “CZ” Zhao proposed creating a dark pool perpetual swap decentralized exchange (DEX) to prevent market manipulation.In a June 1 X post, Zhao said that he has “always been puzzled with the fact that everyone can see your orders in real-time on a DEX.”“The problem is worse on a perp DEX where there are liquidations,” he said.Zhao added, “If you’re looking to purchase $1 billion worth of a coin, you generally wouldn’t want others to notice your order until it’s completed.” This is to prevent front-running and maximum extractable value (MEV) bot attacks, which can result in increased…

Introduction to El Salvador’s Crypto Leap In September 2021, El Salvador made global headlines by becoming the first nation to adopt Bitcoin as legal tender. This bold experiment, spearheaded by President Nayib Bukele, aimed to reduce the country’s dependence on the U.S. dollar and attract foreign investment. But what exactly did this mean for its economy, citizens, and the future of cryptocurrency? The Motivations Behind Adoption El Salvador’s decision to embrace Bitcoin was driven by several factors. First, remittances—money sent home by Salvadorans abroad—account for a significant portion of the country’s GDP. Traditional money transfer services charge high fees, which…

Taiwan cryptocurrency exchange BitoPro has confirmed a hacking incident following blockchain analyst ZachXBT’s identification of approximately $11.5 million worth of shady hot wallet withdrawals from the exchange. The hack occurred on May 8, 2025. It affected wallets on various networks including Tron, Ethereum, Solana, and Polygon. ZachXBT’s analysis revealed that hackers market-sold stolen assets through decentralized exchanges before laundering the proceeds through Tornado Cash and bridging funds to Bitcoin via THORChain. The converted Bitcoin was subsequently deposited to Wasabi, a privacy-focused wallet service. Initially, BitoPro did not formally disclose the incident on social media platforms. They instead told users the…

Bitcoin, often hailed as the king of cryptocurrencies, can seem intimidating to newcomers. The jargon, the technology, and the sheer newness of the concept can quickly become overwhelming. But fear not! This article aims to demystify Bitcoin, providing a straightforward guide to understanding and utilizing this revolutionary digital currency. What Exactly is Bitcoin? At its core, Bitcoin is a decentralized digital currency, meaning no single entity, like a bank or government, controls it. Instead, it relies on a peer-to-peer network and cryptographic principles to function. Think of it as digital cash that allows users to send and receive funds directly…

The Rise of Blockchain Startups: A Path to IPO? The blockchain space has exploded in recent years, with startups leveraging distributed ledger technology to disrupt industries ranging from finance to supply chain management. While many blockchain companies remain in their early stages, some have demonstrated exponential growth, hinting at potential initial public offerings (IPOs). But which startups have the momentum to take this leap? Key Sectors to Watch Financial Technology (FinTech) Blockchain startups in the FinTech sector are leading the charge. Companies like Fireblocks and Chainalysis provide institutional-grade digital asset custody and compliance solutions, respectively. With significant funding rounds and…

In the year when Bitcoin’s first block reward was halved, miners around the world were still immersed in the roar of the computer room. More than a decade has passed, and the mining industry has undergone earth-shaking changes. Today, cloud mining is gradually moving away from the primary form of “hosting and leasing” and moving towards a more intelligent, environmentally friendly, diverse and “de-humanized” stage.We call this stage: “Unique Cloud Mining”.What is “Unique Cloud Mining”?Compared with traditional cloud mining (i.e. renting computing power from remote mines), unique cloud mining is a mining method that integrates new technologies, new asset models…

Vitalik Buterin announces that Ethereum’s Layer 1 is expected to scale approximately tenfold within the next year, followed by a pause before its subsequent major upgrade. At the recently concluded ETHGlobal Prague, Ethereum co-founder Vitalik Buterin revealed that the layer 1 blockchain is set to undergo a significant upgrade over the next year. Responding to questions about Ethereum scalability goals, he stated “we should scale L1 about 10x over the next year and a bit.”  NEW: VITALIK BUTERIN SAYS ETHEREUM’S LAYER 1 WILL SCALE ROUGHLY 10X WITHIN A YEAR, THEN PAUSE FOR A PERIOD BEFORE ITS NEXT MAJOR UPGRADE pic.twitter.com/vxJVSDuqDd—…

Bitcoin mining, the process of verifying and adding new transactions to the blockchain, has been a cornerstone of the cryptocurrency’s existence since its inception. While it was once a hobbyist pursuit easily accomplished on a home computer, the escalating computational power required has transformed it into a professionalized industry. This article explores the intricacies of Bitcoin mining and assesses its profitability in [Year]. What is Bitcoin Mining and How Does It Work? Bitcoin mining involves using powerful computers to solve complex cryptographic puzzles. These puzzles are part of the Proof-of-Work (PoW) consensus mechanism used to validate transactions on the Bitcoin…

Zach Anderson May 23, 2025 08:25 Discover the latest dApps on BNB Chain, including innovations in DeFi, GameFi, and AI, expanding the blockchain ecosystem with new projects. The BNB Chain continues to expand its ecosystem with a diverse array of decentralized applications (dApps) introduced between May 13 and May 19, 2025. This recent surge in projects spans across various sectors including decentralized finance (DeFi), artificial intelligence (AI), gaming, and more, according to BNB Chain. Innovative Projects on BNB Chain Among the new dApps, MOMOFUN stands out as an AI-driven meme launchpad combined with…