Tag: top news

Zimbabwe Reserve Bank close to launching gold-backed digital tokens

The Reserve Bank of Zimbabwe is aiming for a public gold-backed digital token (GBDT) after investor success, boosting digital finance GBDT counters instability...

Zero-Knowledge Proofs in Blockchain

Zero-knowledge proofs represent a cryptographic technique where no information gets revealed during a transaction except for the interchange of some value known to both the prover and verifier, the two ends of the process. A zero-knowledge proof is a way of proving whether a particular statement is true without revealing it. Here, the ‘prover’ is the party trying to establish a claim, while the ‘verifier’ is responsible for validating the claim. In simpler terms, zero-knowledge proofs (ZKP) enable one party to prove to another party that they know something without sharing the information with another party to prove their knowledge.

Tether unveils Bitcoin mining software to increase capacity

Tether is set to launch JavaScript libraries for Bitcoin mining hardware, potentially open-source Led by CTO Paolo Ardoino, Holepunch boosts Bitcoin mining efficiency...

Decentralized exchange, Curve Finance loses $61 million to a crypto hack

In July 2023, this decentralized exchange experienced several crypto hacks, resulting in the loss of over $61 million in crypto coins. Michael Egorove...

Subscribers on X-former Twitter-can now hide their blue checkmark

Twitter's subscription service "Blue" now allows users to hide their checkmark Elon Musk's ownership led to changes in Twitter's verification system Accounts with...

The SEC exerts pressure on Coinbase Exchange to shut down its services in US

According to the court proceedings, the SEC has halted all crypto trading activities of Coinbase Exchange other than bitcoin. The SEC's pursuit of...

Kenya suspends Worldcoin iris scan registration

Worldcoin has faced a halt in Kenya as the government raises concerns about privacy and security risks The Kenyan authorities have suspended Worldcoin's...

FTX, Genesis reach settlement agreement to resolve bankruptcy case

Bankrupt crypto exchange FTX and crypto lender Genesis have agreed in principle to settle claims brought in by FTX's bankruptcy case The specific...

Worldcoin publishes audit report adressing data security concerns

Worldcoin has released audit reports after facing criticism over data collection practices Security consulting firms Nethermind and Least Authority found and addressed multiple...

Twitter spreads its contributor team to 44 countries in X rebrand

Twitter, now called X, has added contributors from 18 new countries to verify information and combat misinformation  Contributors from these countries are tasked...

Africa crypto industry players continue to crumble as The Bundle shuts down

Yele Badamosu, CEO of a VC firm and Director of Binance Labs developed the Bundle app in 2020. The Bundle teams announced...

Alibaba to support Artificial Intelligence model Llama by Meta

Alibaba will be the first Chinese company to use Meta's Llama Artificial Intelligence model Meta's Llama 2 model, released in July 2023, will...

Binance Labs invest in Xterio to develop AI-intergrated web3 games

Binance Labs, the venture capital and incubation arm of Binance, has committed $15 million to the Xterio Foundation. Xterio combines a play-to-earn...

Nasdaq halts its crypto custody services launch

Nasdaq, a global securities marketplace, is an international stock market index with a significant influence on the world's financial system. In 2022, Nasdaq...

Namibia signs into law cryptocurrency exchange regulation bill

Namibia has officially signed a law to regulate cryptocurrency exchanges, reversing its 2017 ban decision The Namibia Virtual Assets Act 2023 aims to...

TikTok launches text featured posts to rival Threads and Twitter

TikTok has launched a text-based content feature to rival Twitter and Threads apps Threads faced criticism for similarities to Twitter and implemented rate...