Author: Kryptonews

Background of Coinbase’s May 2025 breach Coinbase, America’s largest cryptocurrency exchange, received an unsolicited email from an unknown threat actor on May 11, 2025. They claimed to possess sensitive information about its customers and demanded a ransom of $20 million. Before examining the breach, it is interesting to understand how it happened at a public company that spends millions monthly on cybersecurity. In February, blockchain investigator ZachXBT reported increased thefts involving Coinbase users. He blamed aggressive risk models and pointed out Coinbase’s failure to prevent $300 million in yearly losses from social engineering scams. A table ZachXBT shared on X showed $65…

Tether chief executive Paolo Ardoino reportedly says that the stablecoin issuer will stay focused on foreign markets as a stablecoin regulatory bill works through Congress. According to a new report by Bloomberg, Ardoino says that even though the Genius Act, an industry-backed bill to regulate dollar-pegged crypto assets in the US, is making its way through Congress, Tether will remain focused overseas. “It is important for us to see how the Genius Act is distinguishing between foreign issuers and domestic issuers. For us, the main interest will remain outside of the US. We are looking at the Genius Act in…

Bitcoin’s Ascent: Will it Reach $500,000?Bitcoin, the pioneering force of cryptocurrency, has consistently defied skeptics and generated intense debate. Its price volatility is notorious, but its long-term potential remains a captivating subject, leading many to envision a future where each Bitcoin is worth significantly more than it is today. The question on everyone’s mind? Could Bitcoin realistically reach $500,000 per coin? We explore what experts are saying.## Examining the Bull Case for $500,000Several factors contribute to the optimism surrounding Bitcoin’s price trajectory. Scarcity is a key driver. With a hard cap of 21 million coins, Bitcoin’s limited供應量 contrasts sharply with…

Understanding Blockchain Governance Models Blockchain technology has evolved beyond simple cryptocurrency transactions, with businesses now leveraging its security, transparency, and efficiency for various enterprise needs. However, the success of blockchain integration depends heavily on the governance model chosen, which dictates decision-making, security, and scalability. Two dominant models—federated and permissionless—each come with unique strengths and weaknesses that align differently with business objectives. Federated Blockchain Governance Key Characteristics Federated blockchain models strike a balance between centralization and decentralization. They involve a consortium of pre-approved nodes (often consisting of businesses, institutions, or stakeholders) that validate transactions. Instead of being open to anonymous miners…

Pepe (PEPE) has emerged as the standout performer among the top meme coins, posting impressive monthly gains of 54.7% as trader interest hits a fever pitch.Between May 21 and 23, PEPE’s trading volume skyrocketed past $2 billion, peaking at $2.8 billion in a single 24-hour window.That figure represents over half of the token’s circulating supply, underscoring the explosive demand currently driving this meme coin’s momentum.The market’s overall recovery has favored meme coins as bulls have managed to trigger a strong short squeeze on mid-sized assets in this category like Pudgy Penguins (PENGU) and Popcat (POPCAT).Data from Coinglass shows that open…

Cork Protocol, a decentralized finance (DeFi) platform, was hit by a smart contract exploit on May 28, resulting in the loss of roughly $12 million in digital assets.Cybersecurity firm Cyvers said the hack occurred at 11:23:19 UTC and was funded by an address ending in “762B.” According to the firm, the attacker used the exploit to steal roughly 3,761 Wrapped Staked Ether (wstETH), which was converted to Ether (ETH) almost immediately after the attack.“We are investigating a potential exploit on Cork Protocol and are pausing all contracts. We will report back with more information,” Cork Protocol co-founder Phil Fogel wrote…

The convergence of blockchain technology and decentralized finance (DeFi) is poised to reshape financial systems over the next decade. This union combines the secure, decentralized nature of blockchain with the innovative, permissionless architecture of DeFi, promising greater efficiency, transparency, and accessibility in global finance. The Rise of Decentralized Financial Infrastructure DeFi has emerged as a disruptive force by eliminating intermediaries in financial transactions. Built on blockchain, DeFi platforms provide lending, borrowing, trading, and yield farming services without traditional centralized institutions. The next decade will likely see an explosion in DeFi’s capabilities, driven by advancements in scalability, interoperability, and regulatory clarity.…

NFTs are still one of the most discussed segments of the crypto industry.In this article, I will analyze the current state of this trend and find out the possible reasons for its downfall. I will dive into the specifics of NFT tokens and break down the basic principles of the ERC-721 and ERC-1155 standards. I’ll find out which directions can make NFTs really useful for our world and how much potential still remains in them. I invite you to dive into this segment and find out what you should consider when developing your own NFT or any other crypto project.State…

The comparison between Bitcoin and gold has become a frequent topic of discussion in the financial world. Proponents of Bitcoin often tout it as “digital gold,” suggesting it’s a superior store of value for the modern age. Gold, on the other hand, remains a time-tested asset with a history spanning millennia. Let’s delve into the nuances of this digital gold rush and see how these two assets stack up against each other.## The Allure of Gold: A Historical PerspectiveGold has been valued for its scarcity, beauty, and inherent properties for thousands of years. It’s resistant to corrosion, easily divisible, and…

Solana (SOL) price has consolidated in the last 24 hours as the market shows uncertainty. The token remains just above the $170 support after a week of gains. SOL recovered from $150 and targets the $200 level if buyers increase pressure.  Bitcoin (BTC) stays above $108,000, while Ethereum (ETH) hovers near $2,600. Since reaching its all-time high of $294.33 in January, SOL has dropped nearly 41%. Despite this, recent price action suggests cautious optimism among traders. Solana Price Eyes $200 After Pennant Break Crypto analyst tweeted that Solana is forming a bull pennant on the daily chart. The analyst said…