Category Archives: Cryptocurrency News

Polygon launches zk-STARK protocol for decentralized application development

The Polygon network will run a Miden VM based on the zk-STARK protocol using zero knowledge proofs. The developers of the second-level network Polygon announced that the network will run a virtual machine Miden VM, running on the basis of the zk-STARK protocol, using public zero-knowledge probabilistically verifiable proofs. Zero knowledge technology allows one party to prove to the other that it owns confidential information without revealing the data itself. $ 1 million was allocated…

Ripple proposes an approach to regulating the cryptocurrency industry

Ripple has published a document titled “A Realistic Approach to Cryptocurrency Regulation”, which outlined possible approaches to developing a regulatory framework to control the industry. The Ripple document states that cryptocurrencies and blockchain are evolving rapidly, so these industries need to be regulated in a new way. When developing regulations and drafting laws on cryptocurrencies, regulators should think not only about protecting users, but also creating conditions for the development of innovations. This requires well-coordinated…

Israel introduces new anti-money laundering rules

Israeli regulators are already considering applications from several cryptocurrency companies for licenses under the new AML rules. The new Anti-Money Laundering and Terrorist Financing (AML) guidelines set out provisions for user identification and verification and customer recognition procedures. The regulations list the reporting obligations to the authorities that control the activities of users, including reports on standard work and unplanned events in a cryptocurrency company. The rules are accompanied by instructions for keeping records and…

US Department of Justice sold cryptocurrencies seized from BitConnect to recover losses to investors

The US Department of Justice and the Prosecutor’s Office of the Southern District of California sold cryptoassets confiscated from the “promoter” of the BitConnect pyramid in the amount of $ 56 million to compensate the victims. The US Department of Justice website states that last Friday, District Judge Todd Robinson granted a petition from the department and the prosecutor’s office to authorize the sale of cryptoassets seized from a BitConnect representative. The proceeds will be…

Circle will launch a stablecoin backed by the Japanese yen

As part of the Asian expansion, the USDC stablecoin issuer is about to open a venture capital unit focused on the Japanese currency and will launch a corresponding stablecoin. Circle CEO Jeremy Allaire told Bloomberg that the company is creating an investment arm of Circle Ventures. This will allow the VC division to focus on the Japanese yen-denominated stablecoin. Aller said the company sees significant opportunities in Asian markets, where he expects widespread adoption of…

Stuck DOGE Binance Transactions Affected About 1600 Users

Binance cryptocurrency exchange will resolve the issue of “stuck” due to the bug with DOGE transactions directly with affected customers. The coin withdrawal will be disabled for another two weeks. Last week, November 10, Binance announced difficulties due to which it was forced to suspend the withdrawal of DOGE coins after updating the exchange wallet to version 1.14.5. Some users reported that large amounts of DOGE had disappeared from their balances and even debts appeared.…

Forexsuggest: Bitcoin and Ethereum are the most damaging to the environment

Forexsuggest has conducted research on the environmental impact of cryptocurrencies. The resource considers bitcoin and ether to be the most “harmful”, and Stellar is the “purest” cryptocurrency. The authors of the report calculated the estimated carbon emissions and the amount of resources that are used to neutralize the impact of CO2 on the environment. The report says the researchers used data from Statista, Business Insider India, Laptop Mag and other sources for analysis. After compilation,…

Taproot successfully activated on the Bitcoin blockchain

Another major soft fork has been activated on the Bitcoin blockchain, which is aimed at increasing the privacy and reliability of the blockchain in the long term. On Sunday, November 14th at 8:15 am Moscow time, block 709 632, the largest update in the Bitcoin blockchain this year was activated. Taproot is the most important update since the Lightning Network and Segregated Witness (SegWit) updates. The Taproot update aims to improve the privacy and security…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Bitcoin suisse added support for Lightning Network

Bitcoin Suisse adds support for the Lightning Network Swiss cryptocurrency broker Bitcoin Suisse has added support for a second layer Lightning Network solution for making fast and cost-effective payments in bitcoins. Bitcoin Suisse became the first cryptocurrency payment operator in Switzerland to use the Lightning Network, according to a press release from the company. The solution will provide instant transactions with Bitcoin, as well as low fees for Bitcoin Suisse users and the French payment…