Author: Kryptonews

A British archaeologist has proposed a revised account of the excavation of Hoa Hakananaiʻa, the moai better known as the Easter Island Head, arguing that its removal was not a unilateral act of imperial extraction but a collaborative effort between British explorers and Indigenous Rapa Nui islanders that ultimately led to its voyage to England. Hoa Hakananaiʻa was one of roughly 1,000 basalt statues scattered across Easter Island, a subtropical landmass about the size of Manhattan located off the coast of Chile. The Indigenous Rapa Nui people call these towering figures moai—monuments that serve as vessels for the spirits of…

Canaan Inc. (CAN), a manufacturer of bitcoin mining hardware and an operator of crypto mining infrastructure, said it bought a 49% equity interest in a joint venture tied to several mining projects in West Texas from Cipher Mining (CIFR) for $39.75 million in stock.The transaction covers Cipher’s stake in the ABC Projects, which include Alborz LLC, Bear LLC and Chief Mountain LLC. The rest of the venture is owned by WindHQ, according to a Monday statement.The purchase was funded through the issuance of 806.4 million Class A ordinary shares, equivalent to 53.8 million American depositary shares, and makes Cipher, a…

Apparently, the Quantum risk is still worrying investors. BTC $63 249 24h volatility: 4.8% Market cap: $1.26 T Vol. 24h: $48.39 B faces a severe valuation adjustment as institutional analysts begin factoring in a “Quantum Discount” ahead of projected technological leaps. Experts warn that without robust cryptographic defences implemented by 2027, the asset’s current stall amid broader macroeconomic shifts could lead to a 75% drop. And the potential Bitcoin price prediction? BTC could drop to around $30,000. EXPLORE: What is the Next Crypto to Explode in 2026? ‘Quantum Discount’ in Bitcoin Valuation The core concern revolves around Quantum Computing advancements and…

When you understand how many bitcoins are there, it’s easier to grasp the value and scarcity of this revolutionary digital currency. Bitcoin’s supply is finite, capped at 21 million coins, making it one of the few truly scarce assets in the world. This scarcity, combined with its decentralized nature, has positioned Bitcoin as a potential hedge against inflation and a store of value.In this article, we focus on the current circulating supply of Bitcoin, how many bitcoins are left to mine, and why its fixed supply matters in the long run. We’ll also explore the impact of lost bitcoins and…

Bitcoin mining hardware maker Canaan has purchased Cipher Mining’s 49% interest in a trio of Texas mining projects for $39.75 million, expanding its mining interests.The transaction covers joint venture entities Alborz LLC, Bear LLC and Chief Mountain LLC, together known as the “ABC Projects,” according to a Monday announcement. After the deal, Canaan holds a 49% stake while partner WindHQ, a renewable energy infrastructure company, retains 51%. “By increasing our exposure to high-quality, low-cost operational power assets in Texas, we are aligning our proprietary technology with critical infrastructure to drive long-term efficiency and scale,” said Nangeng Zhang, chairman and chief…

Upbit, South Korea’s largest cryptocurrency exchange, has announced the listing of two new altcoins. The platform confirmed it will add spot trading support for Seeker (SKR) and Espresso (ESP).In addition, Bithumb will also list ESP today. Following the listing announcements, both tokens recorded strong gains, with prices surging by double digits as trading interest accelerated.Upbit and Bithumb Expand Offerings With New Token Listings According to Upbit’s notice, SKR will be available to trade against three pairs: Korean Won (KRW), Bitcoin (BTC), and Tether (USDT). The exchange will open spot trading at 16:00 Korean Standard Time (KST) on February 24 and enable…

Last November, the Metropolitan Museum of Art’s Costume Institute revealed that theme for this May’s Met Gala, is “Costume Art,” a capacious conceit that positions the museum’s five-millennia spanning collection in dialogue with the dressed body (never mind its nonrepresentational holdings). The Met Gala dress code has now been announced, and it pairs neatly: airy to the point of apolitical, a truth too apparent to debate—”Fashion is Art.” The assertion supports the theme laid out last year by Andrew Bolton, the curator in charge of the Costume Institute: “Over the last two decades, fashion has increasingly gained acceptance as a subject…

High-frequency trading powerhouse Jane Street is accused of insider trading that accelerated the downfall of crypto project Terraform Labs in 2022, which destroyed billions in investor wealth.Todd Snyder, the administrator winding down Do Kwon’s Terraform Labs, has sued Jane Street, seeking damages from its co-founder Robert Granieri, and employees Bryce Pratt and Michael Huang, according to a report by Wall Street Journal. Snyder has accused the trading firm of using material nonpublic information from Terraform insiders to front-run trading that sped up Terraform’s demise. That means trading on private, price-swinging facts before they’re public and then jumping ahead of big…

Institutional investors just sold an overall total of $288 million in Bitcoin and crypto assets in one week, according to a new update from Coinshares. The outflows mark the fifth consecutive week of selling, bringing cumulative year-to-date outflows to $4 billion. Bitcoin drove the bulk of the selling with $215 million in outflows. Short-bitcoin products attracted $5.5 million in inflows, the largest of any asset. Ethereum posted the second-largest outflows at $36.5 million. Multi-asset products lost $32.5 million, while Tron recorded $18.9 million in outflows. Minor inflows hit select altcoins, with XRP gaining $3.5 million, Solana adding $3.3 million and…

What is crypto futures trading? It’s a popular way for traders to speculate on cryptocurrency prices without actually owning the coins. Instead of buying Bitcoin or Ethereum directly, traders use futures contracts to bet on whether prices will rise or fall. In this guide, you’ll learn how cryptocurrency futures trading works, the key components of a futures contract, and the benefits and risks involved. By the end of it, you’ll discover whether this strategy fits your trading goals.What Is Crypto Futures Trading?Crypto futures trading lets you speculate on the future price movement of a cryptocurrency without having to own the asset…