Polygon Labs acquires Toposware, pushing total ZK investment to $1B

Recently, the United States Internal Revenue Service caused a stir in the crypto community when it put a bounty on the head of anonymity-focused crypto-asset Monero (XMR), offering $625,000 to anyone who could effectively track the purportedly untraceable asset. As the crypto and blockchain industry values anonymity and privacy, questions arise on the result of…

Monetary policy in crypto refers to the mechanisms used to manage the supply and circulation of cryptocurrencies. These mechanisms are intended to ensure the sustainability, stability and predictability of a coin’s value over time. Cryptocurrencies rely on decentralized protocols to handle their monetary policy, as opposed to conventional fiat currencies, which are controlled by central…

The working group sends a strong signal that cryptocurrencies are becoming a permanent fixture in the global financial system. 823 Total views 4 Total shares The World Economic Forum’s cryptocurrency working group published its inaugural review on Thursday — its first step in communicating the application of digital assets in finance and beyond.In a 38-page…

It seems as though the potential benefits of cryptocurrency are often overshadowed by the technology’s inherent vulnerability to exploitation. And it’s true, crypto adoption does come with risks. Over the past year, governments from around the world have raised concerns that crypto could be used to finance terrorism or other illicit activity like money laundering. There…

Chinese search engine and web services company Baidu has launched its Baidu Blockchain Engine (BBE), an operating system designed to facilitate decentralized application (DApp) development. The news was officially announced by Baidu’s cloud computing unit, Baidu Cloud, on Feb. 14.Baidu Cloud states that it considers an open source, commercialized platform to be “the only way…

The Polygon CDK will soon include a ‘zkWASM’ prover, allowing Web Assembly networks to integrate with the broader Polygon ecosystem. 217 Total views 13 Total shares The developers of the NEAR and Polygon networks are teaming up to create a zero-knowledge (ZK) prover for Web Assembly (WASM) blockchains, according to a joint announcement on Nov.

Bitcoin (BTC) has risen more than 120% year-to-date, indicating that the crypto sentiment has improved significantly. Solid buying has resulted in a sharp increase in crypto wallets holding more than $1 million in Bitcoin this year from 23,795 on Jan. 1 to 81,925 currently, according to BitInfoCharts data.After the substantial rally, Bitcoin could face headwinds

New York-based blockchain startup Flexa has raised $14.1 million to develop a payments network for retailers. The development was announced in a press release published on April 11.Per the release, Flexa has raised $14.1 million in funding from such participants as early stage token fund 1kx, investment firms Access Ventures and Nima Capital, and hedge…