BitcoinOS (BOS) has announced that it has open-sourced BitSNARK, a zero-knowledge (ZK) verification protocol for use on Bitcoin. BitSNARK is the first protocol to bring zk-SNARKs (Succinct Non-Interactive Argument of Knowledge) to Bitcoin. According to a press release shared with Cointelegraph, the protocol enables privacy preservation in transactions and smart contracts on the blockchain without…
Global banking conglomerate Societe Generale has partnered with Bitpanda, to grow crypto and stablecoins into a key component of the global financial system. Bitpanda will work with the banking conglomerate’s blockchain subsidiary, Societe Generale-FORGE, to advance the mainstream adoption of its euro-denominated stablecoin EUR CoinVertible (EURCV). The partnership is a crucial step in making stablecoins…
Kraken has made another strategic acquisition to support its expansion across Europe. The crypto exchange has announced the closing of the Coin Meester (BCM) acquisition, one of the Netherlands’ oldest registered crypto broker firms. Through the acquisition, Kraken is now expanding its Dutch footprint and business with a registered virtual asset service provider (VASP) license…
Cardano’s Voltaire-era governance overhaul prevents it from becoming a “dictatorship” like Ethereum and sidesteps the “anarchy” of Bitcoin, its founder Charles Hoskinson said. Speaking to Cointelegraph at Token2049 in Singapore, Hoskinson attacked Ethereum’s governance model, claiming it relies too heavily on its co-founder Vitalik Buterin for direction. Hoskinson said that blockchains can elect to keep…
Bitcoin has been mislabelled as a “risk-on” asset, according to BlackRock’s head of digital assets, Robbie Mitchnick. “What’s happened a little bit in the crypto industry is a bit of an own goal,” said Mitchnick in an interview with Bloomberg on Sept. 24. “Some of the crypto research type publications and daily commentaries have taken the fact…
The Hong Kong Monetary Authority (HKMA) has launched the second phase of the digital Hong Kong dollar (e-HKD) pilot study with 21 financial institutions working on 11 use cases for the central bank digital currency and tokenized deposits. In light of the broadening scope of the project, the HKMA is renaming it Project e-HKD+. The…
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