Author: Cryptoclaps

Zero-Knowledge Proof Technology Gains Momentum with Binance Labs Backing Delphinus Lab’s ZK-Proof-Powered Infrastructure Binance Labs, the venture capital arm of Binance, has joined the growing interest and investment in zero-knowledge proof technology by investing in the ZK-proof-powered infrastructure developed by Delphinus Lab. This strategic investment involves Binance Labs supporting Delphinus Lab’s zero-knowledge WebAssembly (zk-WASM) virtual machine, which stands out as the first publicly known open-source virtual machine designed to facilitate ZK computation and application software development kits. In an exclusive reveal by Cointelegraph, it has been disclosed that Binance Labs is injecting $2.2 million into Delphinus Lab. This financial infusion…

The creator of the layer-1 blockchain Jurat has stood up in defense of his protocol, countering potential critics by asserting that on-chain legal enforcement represents a crucial compromise for achieving widespread cryptocurrency adoption. On August 8, a U.S. District Court employed Jurat’s on-chain enforcement mechanism to restrict access to crypto accounts held by a number of sanctioned individuals. These individuals had faced sanctions due to their involvement in money laundering and the use of ransomware to illicitly secure cryptocurrency payments, which ultimately supported North Korea’s weapons initiatives. https://twitter.com/MikeKanovitz/status/1689021937345757185?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1689021937345757185%7Ctwgr%5E928bbdd3204dfa3c725814df0ceee7e6f0a4cf29%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Ffriendtech-generates-over-1m-fees-surpassing-uniswap-bitcoin-networks In an interview with Cointelegraph, Jurat’s Founder and CEO, Mike Kanovitz, highlighted…

Friend.tech, a recently unveiled decentralized social (DeSo) network, achieved a remarkable feat by accumulating more than $1 million in fees within a 24-hour span on August 19. This performance outshone that of well-established players within the cryptocurrency ecosystem, including Uniswap and the Bitcoin network. Introduced in its beta version on August 11, the platform empowers users to tokenize their social networks by trading “shares” of their connections. This facilitates the purchase of another user’s share, enabling the exchange of private messages between individuals. Notably, the protocol imposes a 5% transaction fee, while the profit for the owner is generated from…

Bitcoin (BTC) Ticker Dips, Stays Above $26,000 Leading into August 20 Weekly Closure Amidst Persistent Negative Price Predictions Evaluation Suggests Bitcoin Could Present a Fresh “Generational Buying Opportunity” Information from Cointelegraph Markets Pro and TradingView revealed a unsettling tranquility enveloping the BTC/USD market over the weekend, witnessing an 11% decline in a span of seven days. Nervous onlookers of the market maintained a high level of caution. Looking forward, Keith Alan, co-founder of monitoring resource Material Indicators, envisioned only a limited potential for improvement. “In my analysis on August 19, I anticipate that the $25k level will eventually weaken, paving…

 Jacobi had originally planned to launch the ETF last year, but it was delayed due to regulatory hurdles. Jacobi Asset Management had originally planned to launch its Bitcoin ETF last year, but it postponed the launch due to the collapse of the Terra ecosystem and the bankruptcy of the FTX crypto exchange. The firm deemed it an inopportune time to launch the ETF, as the cryptocurrency market was in a state of turmoil.  The ETF is the first of its kind in Europe, and it is expected to be popular with investors looking for exposure to Bitcoin in a more…

Bitcoin (BTC) and Ethereum (ETH) prices have increased slightly in the past week. BTC added 1.5% to its market value to trade at $29,408 on Saturday. ETH also increased by 1.3% to enter the weekend at $1,851. The latest weekly report by CoinShares shows that institutional investors have stopped shorting BTC for the first time in 14 weeks. This is a positive sign for the cryptocurrency market, as it suggests that institutional investors are becoming more bullish on BTC. The increase in BTC and ETH prices is likely due to a combination of factors, including the recent stop in shorting…

There is a lot of interest in Ethereum futures ETFs, as investors and issuers await regulatory approval for Bitcoin ETFs in the United States. At least five applications for Ethereum futures ETFs were filed within 24 hours on August 1, and another was submitted last week. These ETFs would invest in futures contracts of Ethereum, the second-largest cryptocurrency, rather than directly holding the underlying asset. It remains to be seen whether the SEC will greenlight any of the current filings. However, the fact that the SEC has not asked any of the applicants to withdraw their filings is a good…

The California Fair Political Practices Commission has implemented new rules that require politicians and political candidates who accept donations in digital assets to disclose more information about those donations. This includes the identity of the donor, the amount of the donation, and the date of the donation. The new rules also require politicians and political candidates to use a specific type of payment processor that verifies the identity of donors. The newly released agenda for the next meeting of the California Fair Political Practices Commission (FPPC) shows that the commission will be discussing the latest updates on which political parties…

Judge Torres filed a notice on August 9, 2023, stating that she intends to set a jury trial for the second quarter of 2024 in the SEC’s case against Ripple Labs. The trial will be for motions that she did not rule on during the motions for judgment. The SEC filed a lawsuit against Ripple Labs in December 2020, alleging that the company had illegally sold XRP, its cryptocurrency, as an unregistered security. Ripple Labs has denied the allegations, and the case is currently ongoing. In the motions for judgment, Judge Torres ruled on a number of issues, including whether…

The Securities and Exchange Commission (SEC) is currently considering a number of applications for a spot Bitcoin exchange traded fund (ETF). Two leading names in crypto, Mike Novogratz and Cathie Wood, have both publicly stated that they believe the SEC will eventually approve a spot Bitcoin ETF. Novogratz and Wood believe that the SEC is now more likely to approve a spot Bitcoin ETF, as the market has matured and there are now more safeguards in place to prevent fraud and manipulation. They also believe that a spot Bitcoin ETF would be a major boon for the crypto industry, as…