Day: February 10, 2023

Ethereum Scaling Solution Polygon Exploring Use of ZK Technology for Main Chain, Co-Founder Mihailo Bjelic Says

“POS chain continues to exist and operate the way it does today. And the Polygon zkEVM will be a separate network,” Bjelic said. “We will have two networks running in parallel, with different value propositions, i.e., features and tradeoffs. Each application will be able to decide which level of security, scalability, and transaction fees they prefer, and basically choose the network accordingly.” Source

Cointelegraph elevates the Historical collection’s exclusivity to new heights

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Cointelegraph has announced a major change to its Historical digital collectibles project. Starting Feb. 13, the price of Cointelegraph articles minted as nonfungible tokens (NFTs) will increase from $20 to $100 and the maximum number of copies will decrease from 10 to three. The Historical collection is an archival project that allows readers to mint unique, one-of-a-kind NFTs of Cointelegraph articles, preserving them as historical records of the blockchain industry. Readers can mint stories they think will become valuable by clicking the “Collect” button in the article. CHECK OUT THE…

Bitcoin Price Outlook for February – Market Updates Bitcoin News

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February has been a rollercoaster ride for cryptocurrency traders, with market volatility leading to high levels of price uncertainty. Following a strong start to the month, bitcoin prices have since plunged, resulting in a current bear run. However, with just over two weeks left of this short month, what else could be in store for speculators? Current Market Status Bitcoin has mostly traded higher this year, boosted by lower levels of inflation, which has in turn prompted the Federal Reserve to hike rates at a slower pace. Since starting the…

Binance upgrades Proof of Reserves verification to include zk-SNARKs

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On Feb 10, Cryptocurrency exchange Binance announced a major upgrade to its Proof of Reserves Verification system to include zk-SNARKs — a cutting-edge technology that Binance says will allow it to verify its reserves in a more secure and transparent manner. 3. Product and Service. Plus transparency. The #Binance Proof of Reserve system has now integrated with zk-SNARK, a zero-knowledge verification method. It will also be made open source. We hope this would help the entire industry benefit. https://t.co/ijVVeF8iFT — CZ Binance (@cz_binance) February 10, 2023 After the FTX incident in…

Tether’s Attempt to Block CoinDesk’s Request for Stablecoin Reserve Records Dismissed by New York Court

A New York judge on Friday rejected an attempt by iFinex and related companies, which include include cryptocurrency exchange Bitfinex and stablecoin issuer Tether, to block CryptoX’s request for information about the financial reserves backing the USDT token. Source AttemptBlockCoinDesk039sCourtDismissedRecordsRequestReserveStablecoinTether039sYork CryptoX Portal

Uniswap Vote on BNB Deployment Ends With Silicon Valley’s A16Z on Losing Side

“[W]e do not believe Wormhole offers the most secure or decentralized bridging option,” wrote Porter Smith, a partner at a16z Crypto, citing last year’s $326 million hack of the Wormhole platform as a key factor in the firm’s opinion. An a16z representative also told CoinDesk the firm took issue with the process the DAO used to assess different bridge options, suggesting the community re-do the vote after completing a more formal review of the bridge contenters. Source

Three Arrows Capital Co-Founder Announces New Crypto Venture Open Exchange Amid Bankruptcy Controversy – Bitcoin News

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Following the recent court filing from liquidators for Three Arrows Capital (3AC) claiming frustration with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, one of the co-founders, recently tweeted about his new crypto venture, Open Exchange. The exchange aims to provide users with the ability to trade or use portfolio margin with claims against bankrupt cryptocurrency firms. 3AC Co-Founders Launch Bankruptcy-Focused Crypto Exchange, Community Reacts Skeptically Su Zhu, co-founder of the defunct crypto hedge fund Three Arrows Capital (3AC), stated on Thursday that…

Co-founders of StoryCo discuss how blockchain technology can evolve the way IP is franchised

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What captivates many creators in the realm of blockchain and Web3 is the possibility to create, own and earn without intermediaries, and nonfungible tokens (NFTs) have emerged as a catalyst in how it could be possible.  On this week’s episode of NFT Steez, co-hosts Alyssa Expósito and Ray Salmond chat with Justin and J.P. Alanis, the co-founders of StoryCo — an open media platform — on the prospect of creators co-creating and franchising intellectual property through their storytelling and the integration of soulbound tokens — but how? Create-to-own and fandom…

Bit2Me and Mastercard launch debit card with crypto cashback

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The merger of Web2 and Web3 tools continues as crypto-backed debit cards become more mainstream.  In an announcement on Feb. 10, Bit2Me, the largest Spanish cryptocurrency exchange, revealed its new cashback debit card in partnership with Mastercard. The original Bit2Me card works for its users via the Mastercard network that hosts millions of businesses worldwide. This new update offers users up to 9% crypto cashback for all purchases made with the card online or in-store. Leif Ferreira, the CEO and co-founder of Bit2Me, told Cointelegraph that the use of already…