Author: Kryptonews

Founders of Rario, the cricket NFT startup in which India’s Dream11 led a $120 million funding round last year, are leaving the two-year-old firm, people familiar with the matter said. Ankit Wadhwa, who serves as Rario CEO, and Sunny Bhanot, Rario CTO, are being pushed out as investors at the startup, including largest backer Dream11, exert greater control, the people said, requesting anonymity as the matter is private. Wadhwa, Bhanot and Rario didn’t respond to a request for comment. Dream11 declined. As part of a wider set of changes, many other roles at Rario are also being eliminated, the people…

Key NotesActive addresses on Avalanche reached a new all-time high of 1.95 million.MMORPG game MapleStory Universe likely brought a boost to the L1.BlackRock’s sBUIDL comes to the Euler protocol on Avalanche. Avalanche (AVAX) is gaining bullish momentum again, but with major catalysts from BlackRock and MapleStory this time. According to Wu Blockchain, the total number of active addresses on Avalanche surpassed 1.95 million so far in May. The previous strong spike in user activity on the layer-1 network was recorded in January, when the crypto market enjoyed strong bullish momentum. According to @hashed_official’s data dashboard, the number of active addresses…

In brief DeFi Development Corp. announced a collaboration Friday with Solana meme coin Bonk. The pair will collectively work to generate greater stake in a joint validator node. Shares of DFDV finished Friday up more than 74%, marking a new all-time high. DeFi Development Corp, the AI-powered real estate platform building a digital assets treasury centered on Solana, announced Friday that it’s teaming with leading Solana meme coin Bonk (BONK) on a jointly backed Solana validator node—and its stock continued to blast off to new highs.The Nasdaq-listed firm (trading as DFDV) and meme coin team will collectively work to increase…

tl;dr: Ethereum Protocol Studies is returning for 2025. Visit epf.wiki to fill out the survey and join the town hall on Wednesday, Feb 12. The Ethereum Protocol Studies program (EPS) is back for 2025! Designed to lower the barrier to understanding Ethereum’s core protocol, EPS provides structured learning and a direct path to deeper protocol knowledge. Expanding Learning Resources Over the past year, we’ve created a curriculum covering foundational Ethereum concepts available to help onboard new participants. These recordings serve as an invaluable resource for newcomers and seasoned builders alike. Some highlights of the curriculum include this session on data…

Introduction to the Collision: AI & Blockchain Artificial intelligence (AI) and blockchain are two of the most transformative technologies of the 21st century. While AI revolutionizes automation, decision-making, and data processing, blockchain ensures security, transparency, and decentralization. The convergence of these two technologies creates powerful synergies, giving rise to decentralized AI solutions that are more secure, transparent, and resistant to censorship. How AI and Blockchain Intertwine Enhanced Data Integrity with Blockchain One of the biggest challenges in AI development is data integrity. Training AI models requires massive datasets, and falsified or tampered data can lead to biased or inefficient results.…

In one of the first cases to address the hi-tech new art world of non-fungible tokens (NFTs), a New York jury ruled on Wednesday that an artist violated the trademark rights of the French fashion house Hermès by selling pictures of furry, copycat purses as NFTs.The jury ruled that artist Mason Rothschild’s unauthorized versions of Hermès’s iconic Birkin bags, which the artist covered in fur, featured in an image collection he dubbed “MetaBirkins” and sold for a total of over $1m, were likely to confuse consumers.The jury awarded Hermès $133,000 in damages for trademark infringement, dilution and a violation called…

Dubai-based Indian memecoin creator, Sahil Arora, called memecoin rug pull schemes the most lucrative opportunity in an interview with the New York Post. According to the May 17 article, Arora, who boasts of earning millions of dollars from over 100 memecoin rug pulls, said:“The easiest way to make money is to deploy a meme coin, run it, and then sell as soon as you see [profits].”In rug pulls or pump-and-dump schemes, bad actors create a worthless memecoin, use false or paid endorsements to promote it, and sell it as soon as the price goes up. The creators usually control a…

Retired artist Ed Suman lost over $2 million in cryptocurrency earlier this year after falling victim to a scam involving someone posing as a Coinbase support representative.Suman, 67, spent nearly two decades as a fabricator in the art world, helping build high-profile works such as Jeff Koons’ Balloon Dog sculptures, according to a May 17 report by Bloomberg.After retiring, he turned to cryptocurrency investing, eventually accumulating 17.5 Bitcoin (BTC) and 225 Ether (ETH) — a portfolio that comprised most of his retirement savings.He stored the funds in a Trezor Model One, a hardware wallet commonly used by crypto holders to…

Introduction to Blockchain’s Evolution Blockchain technology has evolved far beyond its origins in cryptocurrency, now influencing industries ranging from finance and supply chain to healthcare and entertainment. As we approach 2025, blockchain adoption is accelerating, driven by institutional acceptance, regulatory clarity, and technological advancements. This article explores the top blockchain trends shaping the future, from decentralized finance (DeFi) improvements to Web3 innovation and enterprise adoption. Decentralized Finance (DeFi) 2.0: Enhanced Security and Scalability DeFi has experienced explosive growth, but challenges like hacks, high gas fees, and complexity have limited mainstream adoption. DeFi 2.0 addresses these issues with: Layer-2 Scaling Solutions…

Godfrey Benjamin Oct 25, 2022 17:00 Apple Says developers can now add NFT functionalities on Apps, but it leaves a wide caveat in its updated guideline American multinational tech giant, Apple Inc, the owner of the App Store, one of the largest application hosting platforms in the world has updated its guidelines to include an accommodation for its hosted apps to integrate Non-Fungible Tokens (NFTs). While this may come as very big news considering the exposure the new allowance will grant to developers and apps to integrate NFTs, Apple’s guidelines come with some…