| Binance introduces enhanced PoR verification system If you cannot see the email below, please click here to see the web version. Dear FreeBitco.in User, You are receiving this email because you are an active uer at FreeBitco.in. Your User ID 4327909 was last active on 2023-02-13.  LAST WEEK IN CRYPTO Hello FreeBitco.in Users! Let's take a look at what happened Last Week in Crypto: ➤ BTC Takes a Breather Bitcoin's Drops Below 20-Day EMA, Deeper Correction Expected BTC | BITCOIN $21856.00 -0.55%  Uncertainty returned to the crypto market last week when the US SEC alleged that Binance USD (BUSD) is unregistered and subsequently, the New York Department of Financial Services (NYDFS) ordered Paxos to stop issuing BUSD. This news, along with the crackdown on Kraken last week, is the cause for nervousness among traders and may have helped stall Bitcoin's recovery. At the start of the week, BTC found itself near the $23,000 mark, however, by Feb. 10, it had dropped to $21,600. BTC attempted to recover, reaching a peak of $22,090, but dropped again. Bitcoin trades at $21,750 at the time of writing. Support lies at the 50DMA ($20,500). A bounce from that level could see Bitcoin again rally to $21,700 and test the 20-day EMA. Here's How You Can Win Big This Week      DOWNLOAD XFUN WALLET   CRYPTO NEWS WEEKLY ROUNDUP Binance Improves Proof-of-Reserves Verification With zk-SNARKs Integration  In the aftermath of the FTX fiasco, proof-of-reserves became a necessity for the world's biggest crypto exchanges. Binance was among the first to adopt a Merkle-tree-based PoR verification system. However, Binance announced a significant upgrade to its verification system last week. The update will integrate zk-SNARKs (zero-knowledge Succinct Non-interactive Argument of Knowledge), a cryptographic method that enables one party to prove their assets to another without disclosing any other information. Binance CEO, Changpeng Zhao, attests that the zk-SNARKs upgrade will bring a higher level of privacy and security to the platform. Binance has promised to make the technology open source with a view to making it available for anyone in the industry, thus bringing greater transparency and assurance to crypto users. Ethereum Staking Service Hits $1 Billion in Total Value Locked  Since the Merge, crypto users have been flocking to Ethereum's PoS network. Subsequently, services allowing users to make the most of the network have popped up too, one of them being Rocket Pool. Launched in 2021, Rocket Pool is a ''liquid staking solution'' it allows users to join a decentralized node operator or operate their own nodes with a significantly reduced capital requirement. Last week, Rocket Pool hit $1 billion in Total Value Locked (TVL). Users can join decentralized node operators for as low as 0.01 ETH, and they can run their own nodes for 16 ETH as opposed to 32 ETH on the PoS layer. Currently, Rocket Pool has 385,344 ETH staked and 2,068 node operators, with smart contracts audited by leading firms and a bug bounty program in place. STAY TUNED FOR THE LATEST NEWS EVERY WEEK Keep an eye on your inbox for your weekly dose of cryptocurrency news, updates, trends, analysis, and more. 
Get Latest News
This email was sent to unilesstari.blog01@blogger.com because you have registered an account at FreeBitco.in. To unsubscribe from future promotional notification emails, please opt-out here. |
Kraken, Paxos Crackdown Halts BTC Recovery
Advertisement
