Ripple-CEO Brad Garlinghouse ist zuversichtlich, dass das Verfahren um den Status von XRP als vermeintliches Wertpapier schon in wenigen Monaten beendet ist.
=nil; Foundation raises $22M for zero knowledge proofs marketplace
- =nil; Foundation has raised $22 million in a funding round led by Polychain Capital.
- The firm will use funds to build a zero-knowledge proofs marketplace for Ethereum and L2s.
- Apart from improving security and scalability, blockchains using =nil;’s Proof Market will not need centralised intermediaries
=nil; Foundation, the zero-knowledge proofs research and development platform looking to build a proofs marketplace for Ethereum and L2s, has secured $22 million in a funding round that valued the firm at $220 million.
Polychain Capital led the funding round, with participation from top blockchain-focused venture firms including Blockchain Capital, Starkware, and Mina Protocol. The investment also attracted several angel investors, including Hasu.
A Proof Market for Ethereum and other public blockchains
The nil; Foundation, launched in 2018, will use the funds from the fundraise to boost the development of its zero-knowledge (ZK) Proof Market protocol, according to details shared via a press release on Thursday. Per the company, the funding will go into building solutions aimed at improving the security and scalability of Ethereum, other L1 blockchains and L2s.
A Proof Market will help provide industry players with a trustless and seamless protocol for sharing zk-proofs without having to rely on centralised intermediaries, the nil; Foundation noted in the announcement.
“Proof Market is now ready to ensure secure data transfer between Ethereum and public protocols, but that’s not the only thing that our team is aiming at,” Konstantin Lomashuk, co-founder of =nil; Foundation, said in a statement obtained by CoinJournal. He added:
“As the ecosystem grows, computations are getting heavier and more complex, thus posing a roadblock for effective and trustless interaction between Ethereum, L2s and other protocols. Creating a marketplace for computational powers that can prove any information will open new opportunities for the whole market, keeping it aligned with core blockchain principles,”
According to the nil; Foundation team, the market already has state proofs for Solana and Mina, while the same should be available on more blockchains soon. Industry players can now use the generated proofs to secure data exchange across Ethereum.
But a fully-fledged Proof Market will work as a zk-proof marketplace, allowing for further accessibility to proofs as blockchains eye more security and scalability.
The post =nil; Foundation raises $22M for zero knowledge proofs marketplace appeared first on CoinJournal.
Kryptobörse Bitzlato: Erst kaum bekannt und nun in aller Munde
Die Kryptobörse hat eine enge Beziehung zu Russland und wurde letztes Jahr sogar von Chainalysis erwähnt. Die Krypto-Community betrachtet das Vorgehen gegen die Börse allerdings eher als unbedeutend.
Kryptobörse Bitzlato und Gründer: Strafverfolgungsmaßnahmen von US-Behörden eingeleitet
Das US-Justizministerium, das Finanzministerium und französische Strafverfolgungsbehörden haben einige Ressourcen von Bitzlato beschlagnahmt und behaupten, das Unternehmen habe dabei geholfen, 700 Millionen US-Dollar aus illegalen Quellen zu waschen.
Ethereum price retreats as the put/call ratio edges upwards
-
Ethereum put and call ratio on Deribit has risen this week.
-
ETH bullish liquidations have also jumped in the past 2 days.
The spectacular crypto comeback has stalled following a series of weak corporate earnings from the United Stats. Ethereum pulled back to $1,500 on Thursday as data showed that the put/call ratio was heading higher. It has fallen by over 5.90% from the highest point this year.
Put and call ratio slips
The options market is an important one across all asset classes, including cryptocurrencies, stocks, and commodities. It involves placing put-and-call trades on an asset. A call gives the trader the right to buy an asset while a put gives them the right to sell.
The put to call ratio is an essential tool that traders and investors use to predict whether an asset will rise or not. That is why it is an important part of the fear and greed index.
Data compiled by The Block shows that Ethereum’s put/call ratio has edged upward slightly in the past few days. It has risen from 0.24 on January 4 to a high of 0.3. Historically, a lower ratio is usually preferred since it means that there are more buyers in the options market. Still, it should be noted that The Block’s data comes only from Deribit and does not include other exchanges.
Meanwhile, another data by CoinGlass shows that the number of short liquidations in key exchanges rose to the highest point in months on January 15. Liquidations have continued but at a slower pace since then. However, at the same time, long liquidations have been rising. On Wednesday, they rose to the highest level since December 16 of last year.
The main reasons for these liquidations is the weak financial results by companies like Goldman Sachs and JP Morgan. Some of these firms have warned about a recession and announced significant job cuts. Microsoft is laying off over 10,000 people.
Ethereum price forecast
Ethereum has stumbled as put and call ratio and long liquidations rise. This stumbling happened as the coin reached a high of $1,612, the highest point since November. It has moved slightly below the descending trendline shown in purple.
At the same time, it has struggled moving above the key point at $1,667, the highest point on November 4. Therefore, I still believe that the outlook for Ethereum is still bullish, with the next key point to watch being at $2,000 as I wrote in this article.
How to buy Ethereum
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
The post Ethereum price retreats as the put/call ratio edges upwards appeared first on CoinJournal.