In a groundbreaking development, the team at BitcoinOS (BOS) achieved a significant milestone by successfully verifying the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain. This achievement marks a pivotal moment in blockchain history, as it paves the way for revolutionary advancements in Bitcoin’s scalability and functionality without the need for modifications to its core
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The recent move by the Russian State Duma to legalize Bitcoin mining and allow the use of crypto for international trade represents a significant shift in the country’s approach to digital assets. The bill, pending final approval, aims to address the challenges faced by Russian banks due to regulatory constraints and international sanctions. It establishes
Bitstamp, a prominent crypto exchange, has announced that it has initiated the process of returning recovered digital assets to creditors of the defunct Mt. Gox exchange. This development signifies a significant milestone in the decade-long efforts to reimburse those affected by the infamous 2014 hack that ultimately led to Mt. Gox’s collapse. Collaboration with Trustee
In early July, Mt. Gox, the long-defunct crypto exchange, began the process of repaying creditors affected by the 2014 hack. Interestingly, while Kraken has successfully distributed all the Bitcoin and Bitcoin Cash owed to Mt. Gox creditors, the price of the former remained stable. This stability could potentially be attributed to the cautious behavior of
Solend, the Solana-based lending protocol, recently underwent a rebranding and officially relaunched as Save, marking a significant strategic evolution for the platform. The rebranding not only involved a change in name but also introduced three new products aimed at providing the Solana community with enhanced financial opportunities. One of the key highlights of the rebranding
The recent launch of Ethereum ETFs has sparked a lot of excitement within the cryptocurrency community. The industry is abuzz with speculation about how these ETFs will impact Ethereum’s price in the coming months. Renowned crypto analyst Doctor Profit has made some bold predictions about Ethereum’s future, claiming that the cryptocurrency could break through the
Ethereum’s price has been consolidating above the 100 and 200-day moving averages, signaling a bullish trend in the market. The price broke above the critical 100-day moving average at $3,354 and entered a period of sideways fluctuation, indicating an equilibrium between buyers and sellers. However, with the launch of spot ETH ETFs and a significant
Igloo, Inc., the company behind the wildly popular NFT brand Pudgy Penguins, has recently secured a funding round of over $11 million to support the development of its groundbreaking Ethereum layer-2 scaling network known as ‘Abstract’. This infusion of capital marks a significant milestone in Igloo’s journey towards blockchain innovation. Leading the investment charge is
Shiba Inu (SHIB) has experienced a significant drop in price over the past week, with experts suggesting that this downward trend may continue in the short term. The decline, which amounts to approximately 13% according to CoinGecko’s data, has raised concerns among investors and analysts alike. One industry observer even went so far as to
The arrival of spot Ethereum ETFs in the United States on July 23 has sent shockwaves through the crypto market. One of the major players, Grayscale, saw its newly converted Ethereum Trust (ETHE) experience a staggering loss of $484 million on the first day of trading. This indicates a potentially rocky road ahead for the
