The past year has witnessed the ascendancy of Zero-Knowledge (ZK) technology. From its potential to increase and secure privacy protocols in the Web3 space, to its increased efficiency in validating transactions, the implementation of the tech is further cementing the growth and integration of blockchain into our daily lives. Its…

Bitwise has also updated its S-1 form submitted by the Dec. 29 deadline set by the SEC and revealed a planned $200 million seed investment for its spot Bitcoin (BTC) exchange-traded fund (ETF). The amount is 20x larger than the $10 million seed investment recently announced by BlackRock for its…

In a filing on Dec. 29, U.S. prosecutors said that they will not be pursuing a second trial for additional charges against former FTX founder Sam Bankman-Fried (SBF). On Nov. 3, SBF was convicted of seven charges of fraud. SBF was expected to be prosecuted on six additional charges in…

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A U.S. District Court has once again denied Binance founder Changpeng ‘CZ’ Zhao’s request to travel internationally in a sealed order, Bloomberg News reported. CZ, who is currently facing sentencing in the U.S. for criminal charges, had filed a motion seeking permission to visit the UAE, where his family resides. The…

VanEck amended its spot Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC) on Dec. 29. The company’s updated S-1 form notably removes immediate allowance for in-kind transactions involving Bitcoin. The Dec. 29 update says that authorized financial firms will deliver and receive only cash during share creation…

Coinbase Custody has made adjustments in preparation for its role in pending spot Bitcoin ETFs, Bloomberg reported on Dec. 29. A Coinbase representative said: “We have extensively prepared for ETF approval … Our systems have been designed and tested to handle added trading volume, increased liquidity and general increases in…

BlackRock submitted an update to its spot Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC) on Dec. 29. BlackRock’s filing now names two authorized participants that will be involved in share creation and redemption: Jane Street Capital and JP Morgan Securities. Bloomberg ETF analyst Eric Balchunas noted…

In a landmark decision, decentralized exchange (DEX) PancakeSwap has successfully passed a proposal to reduce the total supply of its native token, CAKE, to a maximum cap of 450 million from  750 million. The proposal, which closed on Dec. 29, garnered an overwhelming 97.88% approval rate from the voting community,…

The price of several privacy-focused cryptocurrencies, including Zcash (ZEC) and Monero (XMR), fell the past day after crypto exchange OKX said on Dec. 29 that it would delist them on Jan. 5 because they do not align with its listing criteria. Data from CryptoSlate shows that the entire ‘privacy cryptos’…