Author: Kryptonews

Key Takeaways Elon Musk announced XChat, a direct messaging feature using Bitcoin-style encryption and built with Rust. XChat includes vanishing messages and supports cross-platform audio/video calls without phone numbers. Share this article XChat, a new direct messaging (DM) feature being rolled out on Elon Musk’s platform X, is built on Rust and adopts Bitcoin-style encryption as part of an overhaul of the messaging system, Musk said in a post on X on Sunday.Musk said that XChat’s technical infrastructure has been completely rebuilt using Rust, a programming language known for its speed and memory safety. The new architecture implements encryption methods…

Meta shareholders have overwhelmingly rejected a proposal to assess whether the tech giant should add Bitcoin to its balance sheet.A “Bitcoin treasury assessment” proposal put before shareholders received 3.92 million votes in favor — a mere 0.08% of the total — while nearly 5 billion voters decided against the measure, a May 28 regulatory filing shows. Meta CEO Mark Zuckerberg controls 61% of the company’s voting power, according to an April regulatory statement, which could indicate that he voted against the proposal.Meta’s shareholder vote results to assess a Bitcoin treasury strategy. Source: SECThe lopsided vote followed a shareholder proposal in January…

NFTs: A Deep Dive for Tech Enthusiasts Non-Fungible Tokens (NFTs) have exploded in popularity, attracting everyone from artists to investors. For tech enthusiasts, understanding the underlying mechanics of NFTs is crucial—especially when exploring how they integrate blockchain, smart contracts, and digital ownership. What Are NFTs and How Do They Work?Unlike cryptocurrencies, which are interchangeable, NFTs represent unique digital assets. They are stored on blockchains (typically Ethereum) using smart contracts that verify ownership. When someone buys an NFT, they receive a verifiable token proving ownership—whether it’s a digital art piece, a collectible, or even virtual real estate. NFTs allow creators to…

Humanitarian aid organization World Vision Korea is the first nonprofit to sell crypto in South Korea after the country ushered in new rules around institutional crypto trading.World Vision Korea sold 0.55 Ether (ETH), worth roughly 1.98 million won ($1,436) on Upbit, according to a June 1 statement from Dunamu, the parent company of the crypto exchange.The Ether, which was held by Chairman Myung-hwan, was donated as a result of a campaign in March that asked Upbit users to donate crypto to help underprivileged youth who can’t afford school items such as uniforms and bags.During a May 20 meeting, South Korea’s…

Key Takeaways:The U.S. Securities and Exchange Commission (SEC) has expressed significant concerns about whether a proposed staked Ether (ETH) Exchange Traded Fund (ETF) from REX Shares and Osprey Funds qualifies under federal securities laws.SEC staff highlighted unresolved questions regarding the fund’s ability to meet the definition of an “investment company” under the Investment Company Act of 1940.There are also concerns that the registration statement for the REX-OspreyETH ETF might have been improperly filed on Form N-1A.The SEC is scrutinizing whether disclosures about the fund’s status as an investment company could be potentially misleading to investors.If these issues aren’t resolved, the…

Social media platform X is rolling out a new messaging feature, XChats, which owner Elon Musk says will have “Bitcoin-style encryption.”XChat is seemingly a more feature-rich version of the platform’s direct messaging function, which will feature audio and video calling, “encryption, vanishing messages, and the ability to send any kind of file,” Musk said in a June 1 X post.The new messaging service is built on the Rust programming language, which Musk said had “(Bitcoin style) encryption, whole new architecture.”On May 29, X said that it had to pause its encrypted messaging feature while it worked on improvements, which may…

Introduction The modern retail supply chain is facing unprecedented challenges—inefficiencies, lack of transparency, and soaring costs. In this evolving landscape, businesses must digitalize or risk becoming obsolete. Blockchain technology offers a transformative solution by ensuring transparency, enhancing security, and optimizing operations. This article explores blockchain’s pivotal role in reshaping retail supply chains for the digital age. The Digitalization Imperative Retailers today operate in a hyper-competitive environment where efficiency, speed, and trust are paramount. Traditional supply chains often rely on paper-based systems, intermediaries, and manual processes, leading to delays, data discrepancies, and fraud. Blockchain emergence signals a shift toward seamless, decentralized,…

After staging one of the most surprising comebacks in the crypto market this year, Pepe Coin (PEPE) is once again capturing investor attention heading into June 2025 – raising the question: can the meme coin sustain its momentum or is another correction looming?The latest updates on PEPEIn May 2025, a tweet from Elon Musk featuring an image of a “frog wearing sunglasses riding a rocket” sparked speculation across the crypto community, widely interpreted as a subtle nod to Pepe Coin. Almost immediately, #PepeCoin hashtag began trending on social media, while trading volume surged by approximately 70% within just 12 hours.The…

Samsung Electronics Co., the South Korean tech giant, is near a huge deal with Perplexity AI Inc., an up-and-coming artificial intelligence startup. Perplexity’s advanced AI search and assistant capabilities will be integrated across the tech company’s popular devices as part of the deal. The deal would see Perplexity’s AI assistant app and AI-powered search features preloaded onto Samsung’s handsets and integrated into the tech company’s internet browser. People familiar with the discussion say the two companies also discuss integrating Perplexity’s technology with Samsung’s in-house Bixby virtual assistant. The South Korean firm aims to announce such integrations before the end of…

Friends, As the year of the Merge ends, we wanted to share updates from many of the Ethereum gardeners and EF-supported teams that achieved long sought accomplishments, both big and small, alongside the rest of the ecosystem in 2022. We all have a lot to be thankful for, from the new communities we’ve come to know, to having each other through it all! As always, this roundup series focuses on EF-supported teams whose members are working to grow and improve Ethereum as a whole. Included in this edition are updates from many teams highlighted in the previous report, and other…