CRYPTOsauce.news

Zero Knowledge Proof: The Next Level Of Blockchain Technology

On a daily basis, there is lots of digital development, enhancement and sophistication on the blockchain technology. Zero Knowledge protocol seems to be an age long idea that will create new dimensions, and extra layers of security and privacy to the blockchain through a no authentication system. It’s a landmark process because it will drastically reduce exposure and enhance the privacy of all and sundry.

RtistiQ And Raja Ravi Varma Foundation Team To Release NFTs Of Verma’s Most Iconic Works

RtistiQ, the online marketplace with the aim of elevating the fine arts community by bringing renowned artists & art lovers together into one platform built on trust and convenience and powered by blockchain technology to ensure every artwork is authenticated and every transaction is secured, will present the Digital non-fungible token (NFT) versions of Raja Ravi Varma’s (RRV) amazing works The Coquette and Reclining Nair Lady, two of his most famous paintings. While the originals of both pieces are National Treasures of India and unable to leave the country, the NFT versions will be auctioned online from 17 February to 20 February 2022 and be available to all.

Phishing Scam Targets Binance As Fraud Clears $400M From Crypto Markets In 2022

2022 has seen several large-scale hacking and phishing scams target the crypto community resulting in losses of nearly $400 million from the market. On Wednesday February 2, a security vulnerability was exposed within the Wormhole token bridge resulting in the loss of 120,000 Wrapped Ether (wETH) tokens worth approximately $321 million and almost $34 million in crypto assets were stolen from Crypto.com following a security breach on January 17. Now, Binance CEO Changpeng Zhao is alerting the crypto community to a “massive” SMS phishing scam targeting Binance customers as the crypto community is hit with yet another wave of fraud. 

Botswana’s Virtual Asset Bill Passes, Heads To President Masisi’s Desk For Signature

Botswana lawmakers approved the “Virtual Asset Bill” today, February 2nd, in the country’s parliament. A welcomed move that could result in Botswana becoming one of the first countries in Africa to have laws regulating cryptocurrencies. In continuing efforts to tighten anti-money laundering measures, the bill will impose a comprehensive regulatory framework on cryptocurrency trading and other virtual assets. 

Solana Labs To Disrupt Traditional Peer-To-Peer Payments With New Protocol

A new peer-to-peer payments protocol has been launched on Solana with support from Circle, FTX, and Phantom that will allow customers and merchants to use digital assets like Circle’s USDC stablecoin for various transactions. Launched by Solana Labs, Solana Pay, a decentralized payments protocol built on the Solana blockchain, lets merchants and e-commerce platforms accept payments using crypto wallets, giving merchants and customers expanded financial freedoms while allowing new kinds of interactions and purchasing power. 

NYDIG Is Bringing Bitcoin Services To 100s Of American Banks In 2022

Numerous community banks throughout the United States are gearing up to begin offering Bitcoin and crypto trading services to their clients. Facing constant demand for new services aimed at crypto trading, over 300 banks will begin offering new services targeting Bitcoin to their clients by Q1 or Q2 of 2022 with the help of NYDIG, a subsidiary of Stone Ridge, that has already been heavily involved in supporting various crypto initiatives by traditional financial institutions.

After Flipping On Crypto Stance, Russian Central Bank Trials Digital Ruble With 12 Institutions

The first phase of Russia’s Digital Ruble pilot program is underway with 12 different banks joining in to start a trial run of using the Central Bank’s digital currency for a wide range of different payment types. This all comes just days after Vladimir Putin highlighted the threats of Bitcoin and cryptocurrency, then reversed his stance.

Valkyrie Is Digging For Bitcoin Mining ETF

Crypto asset firm Valkyrie Investments has just submitted filings with the SEC to list a Bitcoin mining-focused exchange-traded fund on the Nasdaq. Valkyrie’s proposed ETF would invest a minimum of 80% of its net funds into stocks of domestic and foreign companies that generate at least 50% of their revenue from Bitcoin mining and related operations including the production of specialized mining chips, hardware, and software to support the industry.