Cryptocurrency Analysis and News Portal
Bluesky allows users to use domain names as handles to help achieve decentralized verification and give users more control over their identity. Bluesky, a social media platform created by former Twitter Inc boss Jack Dorsey, has gained significant traction even before its official launch. The official Bluesky Twitter account has more
Read More
CryptoX obtained one of these invitations in order to test out Bluesky. At present, the experience is similar to Twitter, though features are more streamlined. There is no verification strategy, uncensored content, no direct messages or supplemental features like “lists” or Spaces. Users can simply can post, like and repost
Read More
With Twitter allowing users to verify their accounts for a monthly fee, the number of accounts with a blue checkmark — previously associated with prominent figures — has flooded the social media platform. A browser extension available for Chrome, Firefox and Safari aims to bring back the balance by revealing
Read More
Ethereum, a smart contracting platform powering decentralized finance (DeFi), non-fungible tokens (NFTs) operations, and more, has a problem that cannot be solely solved by layer-2 scaling platforms, its co-founder Vitalik Buterin recently stated. In a blog, Buterin said though the network is widely used and there are users, it is a challenge
Read More
On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueusd crypto asset has a circulating supply of over 968 million tokens and is the sixth-largest stablecoin by market capitalization. Archblock Uses Chainlink
Read More
The key is to get information from the bank account where the stablecoin’s reserves are kept to the blockchain-based smart contract that controls issuance of new TUSD. Source
Read More
On Feb 10, Cryptocurrency exchange Binance announced a major upgrade to its Proof of Reserves Verification system to include zk-SNARKs — a cutting-edge technology that Binance says will allow it to verify its reserves in a more secure and transparent manner.3. Product and Service. Plus transparency.The #Binance Proof of Reserve system
Read More
The company has two offerings. The first is “identity underwriting,” which validates the identity of a potential user by pulling key data about them for AML and KYC (know your customer) requirement compliance. For crypto-native firms, identity can be validated using Parallel’s PID identity token, a full on-chain token that
Read More
Since 2019, Swiss financial crypto intermediaries have required proof of ownership of an external wallet's address for Bitcoin withdrawals and deposits to their customers' non-custodial wallets. One automated mechanism used for this is the Address Ownership Proof Protocol, or AOPP. The Trezor hardware wallet introduced AOPP signing as part of its
Read More
“Want to help shape the future of crypto at Twitter?” asks Tess Rinearson, Twitter’s crypto engineering lead, in a Friday tweet.The role – “Senior Product Manager, Crypto,” according to a job listing posted this week – has a special focus on “creator monetization.”“In this capacity, we’ll be looking closely at
Read More