Author: Kryptonews

The crypto giant Circle has reportedly partnered with the layer-1 privacy blockchain Aleo to launch a new stablecoin that can address privacy concerns among businesses and private individuals.  The private version of the dollar-pegged stablecoin USDC aims to obscure transaction histories, reports Fortune, citing information from Aleo co-founder Howard Wu. Says Wu, “People don’t want to reveal their business revenues. They don’t want to reveal business intelligence. But the way that transparent blockchains work today unfortunately means that every time you transact, you are leaking that data.” Wu says the stablecoin called USDCx won’t be truly private. Public users who…

In brief Former Theta executives Jerry Kowal and Andrea Berry filed separate lawsuits in California. The complaints allege misleading partnerships, token manipulation, and NFT marketplace abuses. The filings describe a years-long pattern of alleged self-dealing tied to Theta’s tokens and NFT platform. Two former senior executives at blockchain firm Theta Labs have filed whistleblower lawsuits in California, alleging the company and its chief executive, Mitch Liu, engaged in a years-long pattern of deception, market manipulation, and retaliation.The complaints, filed separately in Los Angeles Superior Court by former executives Jerry Kowal and Andrea Berry, allege that Liu used Theta Labs and…

Konstantin Akinsha, a top curator and art historian of Russian and Ukrainian art, said he believes 14 artworks attributed to Russian and Ukrainian modernists in the collection of the Palazzo de Nordis, a museum in the northern Italian town of Cividale del Friuli, are not authentic.In a Substack post published in late September, Akinsha analyzed the De Martiis Collection, a cache of 64 modern and contemporary works donated to the palazzo in 2015 by the late local collector Giancarlo De Martiis. The collection includes works by significant Italian modernist artists, including Mario Sironi, Afro Basaldella, and Giuseppe Santomaso, as well…

The Kingdom of Bhutan says it will tap into 10,000 Bitcoin from its stash to help build its special administrative region, the Gelephu Mindfulness City (GMC).Located in the town of Gelephu in Southern Bhutan, GMC was launched in 2024 as Bhutan’s new economic hub to stop the exodus of young Bhutanese from the country by creating high-value local jobs.It is designed to attract businesses in various sectors, including finance, tourism, green energy, technology, healthcare, and agriculture.The city offers regulatory flexibility for crypto and fintech firms and serves as a space to further Bhutan’s Bitcoin mining. It covers roughly 10% of…

Over the past years, the institutional knock against Solana was simple: the network broke under pressure.This week, the network quietly absorbed a distributed denial-of-service attack peaking at about 6 terabits per second, according to data from delivery network Pipe. This was corroborated by Solana co-founders, including Anatoly Yakovenko and Raj Gokal.If those figures are accurate, the assault ranks among the largest in internet history, behind only record incidents reported by Google Cloud and Cloudflare.Scale of Solana DDoS Attack (Source: Pipe Network)Meanwhile, the more important detail, though, is not the size of the attack but the lack of visible impact. Unlike…

Bitcoin layer-2, the Lightning Network, has reached a new all-time capacity high amid increased adoption from major crypto exchanges and functionality improvements. Lightning Network (LN) capacity reached 5,606 BTC on Monday, beating its previous record in March 2023, according to Bitcoin Visuals.LN analytics platform Amboss also reported a capacity peak of 5,637 BTC, worth approximately $490 million, on Tuesday.  Data shows a surge in capacity in November and December, following a year of declines, as more Bitcoin was added to the network, enabling faster and cheaper transactions.  The number of Lightning nodes, which open payment channels with each other that are funded with…

XRP lost a key technical level after a failed breakout attempt, with heavy volume confirming a shift toward short-term bearish control.News backgroundXRP declined 2.6% over the past 24 hours, falling from $1.95 to $1.90 as broader crypto markets showed signs of fatigue. The move followed multiple failed attempts to sustain momentum above recent resistance, leaving XRP vulnerable once support levels were tested again.There were no fresh fundamental catalysts driving the selloff. Instead, the move unfolded in a technically sensitive zone, where positioning had built up following earlier rebound attempts. As price stalled near resistance, selling pressure re-emerged, overwhelming bids during…

Dogecoin lost a key technical level following the Federal Reserve’s latest rate decision, with heavy volume confirming a short-term shift toward bearish control.News backgroundDogecoin declined 5% during Tuesday’s session as crypto markets reacted to the Federal Reserve’s 25-basis-point rate cut and cautious forward guidance. While rates were reduced to a 3.5%–3.75% target range, policymakers signaled internal disagreement on the pace of further easing, dampening risk appetite across digital assets.Meme coins underperformed during the broader pullback, with DOGE facing outsized pressure as traders reduced exposure following recent consolidation near resistance. The move appeared driven more by positioning and macro sentiment than…

More than 100 crypto exchange-traded products could launch in quick succession in 2026, following recent guidance from the US securities regulator that drastically reduced the processing times for new funds, according to a Bitwise researcher.“From here we are going to accelerate forward at ridiculous speed,” Bitwise researcher Ryan Rasmussen said during an interview with the Bankless podcast on Tuesday.“We think over 100 crypto-linked ETPs will launch next year; those will be spot crypto, index, equities, smart beta, momentum, all kinds of things,” Rasmussen added.Rasmussen based his prediction on the US Securities and Exchange Commission’s (SEC) release of generic listing standards…

Two US Senators have introduced legislation aimed at cracking down on crypto fraud and scams by equipping law enforcement with better tools to spot attacks and identify perpetrators.The Strengthening Agency Frameworks for Enforcement of Cryptocurrency (SAFE) Act, introduced by Democrat Elissa Slotkin and Republican Jerry Moran on Monday, seeks to coordinate action between the US Treasury, law enforcement, regulators and private sector players to tackle crypto fraud and scams.“This task force, established by the SAFE Cryptocurrency Act, will allow us to draw upon every resource we have to combat fraud in digital assets,” Slotkin said, while Moran added:“As cryptocurrency becomes…