Swiss Non-Profit ZeroSync Association Adds zk-Proofs to Bitcoin!
Even as cryptographic methods gain popularity on the Ethereum blockchain, the ZeroSync Association is working to bring zk-proofs to Bitcoin network. zk-proofs is short for Zero-Knowledge proofs. According to various reports, the cryptocurrency investment firms Geometry Research and StarkWare Industries have provided financial support to the Swiss non-profit group known as ZeroSync. The recently established…
Do Kwon spent less than 1 dollar to establish a shell company in Serbia!
According to the documents obtained from the Serbian Business Registry, Terraform Labs co-founder Do Kwon founded (1) an organization in Serbia for less than one dollar a few weeks after being notified with an Interpol red notice. Do Kwon is noted to have received assistance from local supporters in Serbia in establishing a shell corporation…
Bankrupt BlockFi to Reimburse $100,000 to its California Customers
The now-defunct cryptocurrency lending platform BlockFi has indicated that it will reimburse a total of $103,471 to its customers in the state of California. The new information was conveyed to the public through a statement (1) that was made on Monday by the California Department of Financial Protection and Innovation (DFPI). Troubles of BlockFi…
Crypto Prices Take a Breather as US Regulators Crackdown on Crypto Projects
As a direct consequence of the recent regulatory crackdown on Coinbase and Binance, the cryptocurrency market, dominated by Bitcoin and Ethereum prices, has lost some of its upward impetus in the short term. A Wells warning has already been delivered to Coinbase Global by the SEC in relation to the company’s staking & token listing…
Coinbase Working on ‘flatcoins’ that will be Tethered to Inflation
Trade in cryptocurrencies Coinbase has been hard at work on a number of important projects, one of which is the development of inflation-pegged flatcoins that will be built on its recently released Layer-2 network Base. Flat coins are one of the four most important developments that Coinbase believes (1) will shape the future of cryptocurrency.…
Verichains Finds Additional Exploits Using Multi-Sig Wallet Vulnerabilities
Verichains, a leading blockchain security solution, recently made an important discovery regarding the widely used Threshold Signature Scheme (TSS). TSS is the feature of a blockchain that empowers a group of stakeholders to jointly issue a payment signature without disclosing the secret signing key. TSS is a multiparty protocol suite that is frequently used in…
German Bank Dwpbank Makes Launches wpNex, Will Enable 1,200 Banks to Trade in Bitcoin
A brand new trading platform known as wpNex has been introduced by Deutsche WertpapierService Bank (Dwpbank). The massive securities processing company issued a press release (1) not long ago in which it announced the launch of the new platform. According to the press release, wpNex by Dwpbank will support its more than 1,200 connected banks…
Fujitsu Files for Crypto Services Related Patent in US
Fujitsu, a leading information technology (IT) company in Japan that produces computer hardware and accessories, has made a decisive step to strengthen its presence in the cryptocurrency ecosystem. This move was made in order to broaden the company’s customer base. According to a report (1), which cites a recently filed patent by the business with…
Do Kwon Will file an Appeal Against the Decision of the Court
Do Kwon, the discredited creator of Terra, was apprehended in Montenegro last week as he attempted to fly to Dubai using phony IDs. The most recent turn of events indicates that Do Kwon will reportedly be appealing the decision of the court to lengthen the amount of time spent in detention by nearly 30 days.…