Alex Gluchowski, the co-founder and CEO of zkSync creator Matter Labs, has denied copy-pasting code from Polygon Zero, after the zero-knowledge scaling firm accused them of copying the code from their system without proper attribution. On Aug. 3, Polygon Zero published a long blog post saying they believe Matter Labs copied what they described as “performance-critical components” of their zero-knowledge…
Month: August 2023
Canadian crypto ownership declined amid tight regulations, falling prices
The Bank of Canada (BOC) reported a decline in the ownership of Bitcoin (BTC) and cryptocurrencies in the country last year as neither market conditions nor regulations sided in the favor of Canadian crypto investors, according to a BOC study published last week. The annual Bitcoin Omnibus Survey (BTCOS) conducted by the Canadian central bank showed a relapse from the…
BTC price upside ‘yet to come’ at $29K after Bitcoin RSI reset — trader
Bitcoin (BTC) has not yet seen the majority of its gains this cycle, one popular trader believes. In a tweet on Aug. 3, Credible Crypto doubled down on his bullish BTC price thesis. Credible Crypto: Bitcoin still to see “biggest upside moves” After over a month of acting within a tight trading range, traders’ patience with Bitcoin is wearing thin.…
Bank of Russia presents digital ruble’s logo and commission fees
The central bank digital currency (CBDC) project, being developed by the Bank of Russia has now got its official logo. The Bank of Russia has also published commission fee rates, which would exceed zero points only in 2025. Source: The Central Bank of Russia On August 3, the Bank of Russia revealed the corporate identity of its digital currency. An…
Binance approves Shiba Inu as collateral asset
Crypto exchange Binance on Friday, August 4, said it is adding 22 new loanable assets and new collateral assets to its Flexible Loan and VIP Loan service. In its official statement, the crypto exchange disclosed several new collateral assets, among them Shiba Inu (SHIB), Compound (COMP) and Theta Network (THETA). This development has also fueled speculation about the potential listing…
Bitcoin miners need BTC price over $98K by the halving — Analysis
Predictions that Bitcoin (BTC) will see a six-figure price by the end of next year continue to surface despite BTC price losing the $30,000 level in recent days. But for publicly-listed Bitcoin miners, in particular, a price north of $100,000 may be more of a necessity than a forecast if their business models are to remain profitable. Bitcoin halving: Bad news for public…
Nearly half of crypto copy traders are Gen Z, says Bitget report
Generation Z crypto investors are more likely to engage in copy trading or social trading — an investment method that involves mirroring the trades of a selected other — according to a report from crypto exchange Bitget. In an Aug. 3 report on copy trading by Bitget, the firm revealed that out of all of its copy traders, 44% of…
‘Is this a Bitcoin ad?’ Joe Biden unknowingly touts BTC in coffee mug video
United States President Joe Biden may have inadvertently become Bitcoin’s latest brand ambassador in a new “cringe” video advertising merchandise for his reelection campaign. On Aug. 3, President Biden tweeted: “A cup of Joe never tasted better” along with a video of himself drinking coffee from a mug. A cup of Joe never tasted better. Grab yours: https://t.co/4fbxCBQNPZ pic.twitter.com/s2qboyE7C1 —…
SEC freezes assets of DEBT Box, alleging $50M node license ‘sham’
The United States Securities and Exchange Commission has obtained a temporary asset freeze against Utah-based crypto company Digital Licensing Inc, accusing the firm of perpetrating a $50 million fraudulent crypto scheme. On Aug. 3 the SEC announced it had obtained a temporary asset freeze, restraining order, and other emergency relief against Digital Licensing Inc., which was operating as “DEBT Box.”…
Ether ETF applications flood the SEC as ProShares files the 11th
The United States Securities and Exchange Commission (SEC) has been recently inundated with applications for Ether (ETH) futures exchange-traded funds (ETFs), with a grand total of 11 Ether-based filings being submitted in less than a week. The latest ProShares ETF application was filed on Aug. 3 and proposes an equal weight Bitcoin (BTC) and Ether ETF. According to the filing,…