On Tuesday, Citrea—a technology that uses ZK rollups to grow Bitcoin—came out of stealth. The project intends to become a means by which other efforts can benefit from the security and decentralization of Bitcoin, while also facilitating scaling and enabling developers to integrate Ethereum Virtual Machine (EVM) programs into the protocol. Citrea Emerges from Silence … Read more
Leading US cryptocurrency exchange Coinbase asserts that by utilizing crypto technology rather than credit cards for payment, Americans may have saved at least $74 million in 2022. Coinbase describes how traditional finance system institutions maintain high transaction fees in a system that is “mired in delays” in its most recent State of Crypto report. Coinbase … Read more
As of Wednesday, the aggregate amount of bitcoin held by the exchange-traded funds (ETFs) was 192,255, which is over 2,000 higher than the amount held by MicroStrategy, the biggest publicly traded cryptocurrency holder. With the exception of Grayscale’s GBTC, the new spot bitcoin ETFs currently contain more bitcoin than MicroStrategy. “Concentration of coins held by … Read more
Though traders searching for today’s top gainers in the cryptocurrency space will still need tools like DEXTools to uncover low-cap jewels, the markets are booming on Thursday with Bitcoin (BTC) and Ether (ETH) both at multi-week highs. With several favorable factors supporting cryptocurrencies, Bitcoin is back in the $45,000s and Ether is in the $2,400s. … Read more
In a paper released today, the Bank of International Settlements (BIS) urged policymakers to “future proof” themselves against the negative consequences that an unregulated metaverse would have on the digital economy. The potential of future financial and virtual ecosystems “becoming fragmented and dominated by powerful private firms” is highlighted in the 31-page paper. Policymakers should … Read more