Open source Zero Knowledge Proofs now available on Bitcoin via BitSNARK

BitcoinOS (BOS) has open-sourced BitSNARK, a zero-knowledge proof (ZKP) verification protocol enabling zk-SNARKs to operate on the blockchain without altering its core protocol. This development introduces one of the first working ZKP systems on Bitcoin’s mainnet, potentially transforming its privacy, scalability, and smart contract functionality capabilities. BitSNARK allows direct verification of zk-SNARK proofs on the The post Open source Zero Knowledge Proofs now available on Bitcoin via BitSNARK appeared first on CryptoSlate.

Continue ReadingOpen source Zero Knowledge Proofs now available on Bitcoin via BitSNARK

Circle aims to own crypto compliance space while Tether questions ‘price’ of current regulation

Circle has launched Compliance Engine, a tool designed to help businesses meet regulatory requirements through customizable, automated compliance checks. The feature is integrated within Circle’s infrastructure, eliminating the need for separate third-party solutions and streamlining the compliance process for companies operating in the digital asset space. As businesses navigate the complexities of evolving regulations, Compliance The post Circle aims to own crypto compliance space while Tether questions ‘price’ of current regulation appeared first on CryptoSlate.

Continue ReadingCircle aims to own crypto compliance space while Tether questions ‘price’ of current regulation

Gensler ignored digital assets in Congressional testimony before 4 hour grilling on crypto

SEC Chair Gary Gensler faced criticism during yesterday’s congressional hearing over the agency’s approach to regulating cryptocurrencies despite omitting any mention of digital assets in his written testimony. Lawmakers and SEC commissioners questioned the effectiveness and clarity of current strategies, highlighting concerns about “regulation by enforcement” and the absence of explicit guidelines. House Financial Services The post Gensler ignored digital assets in Congressional testimony before 4 hour grilling on crypto appeared first on CryptoSlate.

Continue ReadingGensler ignored digital assets in Congressional testimony before 4 hour grilling on crypto

SocialFi super app Phaver launches SOCIAL token airdrop rewarding Lens, Farcaster users

SocialFi app Phaver launched its Phavercoin (SOCIAL) token today, initiating the Phairdrop event that marks the platform’s transition to a token-powered decentralized social ecosystem. The token generation event signifies Phaver’s move from the “DeSoc” era to the “SocialFi” era, integrating the SOCIAL token into its point economy and in-app functionalities. As of press time, SOCIAL The post SocialFi super app Phaver launches SOCIAL token airdrop rewarding Lens, Farcaster users appeared first on CryptoSlate.

Continue ReadingSocialFi super app Phaver launches SOCIAL token airdrop rewarding Lens, Farcaster users

Ethereum price surge lifts Lido TVL by 10% despite 26k ETH withdrawals

Lido Finance reported that its total value locked (TVL) increased by 10.83% over the past week, reaching $25.18 billion as of Sept. 23. This growth is primarily attributed to a rise in Ethereum’s token price, which boosted the value of assets staked through the platform. Despite the overall increase in TVL, a net total of The post Ethereum price surge lifts Lido TVL by 10% despite 26k ETH withdrawals appeared first on CryptoSlate.

Continue ReadingEthereum price surge lifts Lido TVL by 10% despite 26k ETH withdrawals