Author: Kryptonews

The Manhattan District Attorney’s Office returned eight artifacts to Peru during a ceremony at the Peruvian consulate in New York on May 15. The items returned included funerary items that were taken illegally from tombs in northern Peru during the 1960s and ’70s. The return marks the second time New York officials have repatriated a group of works to Peru. Also among the returned objects is a copper mask believed to represent a fanged Moche deity Ai Apaec, which has historically been associated with protection. The mask, which dates to approximately 300 BCE, is believed to have been taken from…

Key takeaways:Bitcoin recovered from its sharp sell-off from $107,000, suggesting it functions as a hedge against uncertainty for investors reacting to Moody’s recent downgrade of US debt.Moody’s downgraded the US credit rating to Aa1, citing a $36 trillion debt and rising deficits, causing market turbulence and a spike in US Treasury yields.Despite short-term pressure from macroeconomic shifts, Bitcoin’s long-term outlook remains bullish due to cautious shorting and a weakening US dollar.Bitcoin (BTC) price faced a sharp 4% correction during the Asian trading session on May 19, tumbling from an “important level” as noted by Glassnode. The data analytics platform indicated…

To get the show every day, follow the podcast here.Coinbase Institutional Head of Research David Duong joins host Jennifer Sansie to discuss macro factors, why March will be a big month for crypto market movements and why ether is an essential part of a 2024 crypto portfolio allocation.This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl, alongside Senior Booking Producer Melissa Montañez. All original music by Doc Blust and Colin Mealey.Audio Transcript: This transcript has not been edited and may contain errors.JENNIFER SANASIE:Let’s just get a quick…

Introduction to Blockchain Blockchain is more than just the technology behind cryptocurrencies like Bitcoin—it’s a decentralized, secure way to store data and verify transactions without needing a middleman. But how does it work in real-world applications? Building a blockchain app can seem daunting, but it’s easier than you think when approached step-by-step. Core Concepts of Blockchain Before diving into development, beginners should grasp three key concepts: 1. Decentralization – Unlike traditional databases, blockchains are distributed, meaning no single entity controls the data. Instead, copies are spread across a network of nodes (computers). 2. Transparency & Immutability – Each transaction is…

Ethereum price dropped on Monday as risk-off sentiment continued in the crypto and stock markets, and after a whale capitulated at a significant loss. Ethereum (ETH) fell to $2,400 on Monday, down from this month’s high of $2,732. The decline wiped out $35 billion in market capitalization, which dropped from $325 billion on May 14 to $289 billion. ETH retreated after a large holder capitulated. According to Lookonchain, the whale withdrew 7,000 ETH worth $16.8 million at a loss. Previously, the same address had withdrawn 13,479 ETH worth $48.82 million between Dec. 5 and Jan. 13. The whale still holds…

Welcome back to Chain Reaction, a podcast that unpacks and dives deep into the latest trends, drama and news in crypto with some of the biggest names in the industry to break things down block by block for the crypto curious. For this week’s episode, Jacquelyn interviewed Jack Lu, co-founder and CEO of NFT marketplace Magic Eden. This is his second time on Chain Reaction, but the market has evolved a lot since the last time he came on in August 2022, so we’re excited to have him back! Before co-founding Magic Eden in 2021, Lu worked as a product…

TL;DR A new collaboration aims to give American investors additional options to gain exposure to CRO. Despite the disclosure, the token’s valuation is down 6% for the day, coinciding with the broader decline of the digital asset market. The Deal’s Specifics The popular cryptocurrency exchange Crypto.com shook hands with the investment management firm Canary Capital to establish the Canary CRO Trust. The financial vehicle is designed explicitly for eligible individual and institutional accredited investors in the United States and will provide them with exposure to CRO – the native token of the Cronos network.  Steven McClurg, CEO of Canary Capital,…

Introduction to the Blockchain-IoT Powerhouse In the rapidly evolving world of technology, two transformative forces—blockchain and IoT (Internet of Things)—are converging to create unprecedented levels of efficiency, trust, and automation. Smart contracts, the self-executing agreements programmed into blockchain networks, are now seamlessly integrating with smart devices to create secure, decentralized, and fully automated ecosystems across industries. This synergy leverages blockchain’s immutability and smart contracts’ automated enforcement, while IoT’s network of interconnected devices facilitates real-time execution, making everything from supply chains to smart homes more streamlined and trustworthy. The Power of Smart Contracts in IoT Ecosystems Smart contracts eliminate intermediaries, enabling…

Über ein Jahr und ein erfolgreiches ICO ist es her, dass Marc Bettinger (der alte Altcoinspekulant) an dieser Stelle das Start-up Modum in einem Gastartikel vorgestellt hat. Seitdem ist bei Modum viel passiert: Die Produktentwicklung des ersten Lösung zur Temperaturüberwachung ist abgeschlossen und wurde von der schweizerischen Post getestet, Modum ist mit ersten Kunden am Markt, es besteht eine Partnerschaft mit SAP und die wichtigen Strukturen und Funktionen einer Firma sind etabliert. Ich hatte die Gelegenheit, mit Modum CEO Simon Dössegger über den Weg und die Zukunft von Modum zu sprechen. Aus aktuellem Anlass und in eigener Sache: Vor kurzem hat Binance angekündigt…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum’s brief upswing on Sunday was met with significant resistance at the $2,600 price, which triggered a bearish wave, pushing its price back to $2,360. While its price is demonstrating weakening momentum, reports show that several ETH key metrics have moved into positive territory. A Positive Turnaround For Ethereum’s Market Dynamics  In a surprising turn of events, Ethereum’s Market Value to Realized Value (MVRV) indicator has turned bullish after weeks of trending bearish. Seasoned technical and on-chain expert Ali Martinez reported the development in a recent post…