Buterin proposed to improve the privacy of the Ethereum network
Ethereum co-founder Vitalik Buterin has proposed a "hidden address system" to increase the privacy of transactions on the Ethereum blockchain. On his blog, Buterin notes that privacy remains a big challenge for the ecosystem, and that "improving that state of affairs is an important issue."
The blind address system is based on a mechanism that allows any Ethereum wallet to generate cryptographically masked public addresses, called "hidden addresses", to receive funds privately and access them using a special code called a "spend key". Buterin also suggested using ZK-SNARK, shorthand for zero-knowledge proofs, to increase the system's privacy and make it harder to bind hidden addresses.
BTC fear and greed Index shows "Greed"
According to the index, crypto market behavior is "very emotional" and people "get greedy when the market rises, leading to FOMO (fear of missing out)." The index has been in a state of "extreme fear" and "fear" since March last year and continued to fall as more bankruptcies were announced across the space, including those of Celsius Network, BlockFi, and the lending arm of Genesis. The collapse of FTX caused the index to drop significantly as confidence in centralized exchanges suffered. For the first time in almost a year, the BTC fear and greed index rose to the “greed” state.
FTX spent $43M to create negative atmosphere around Binance
The CEO of Binance CZ stated that FTX paid $43 million to a crypto news outlet that regularly publishes negative articles about Binance. CZ also added that Binance has a negative attitude towards the press, which launched a negative campaign around the events with FTX - this behavior from the news media will never change.
Since the beginning of the year, Polygon has risen in price by 44%
Polygon's MATIC token is growing rapidly. So over the past month, MATIC has risen to 44%, which marks the best months for the cryptocurrency since it rose by 92% in July last year.
Cardano network failure caused 50% of nodes to restart
Last weekend, half of the nodes on the Cardano network briefly went down. It is worth noting that the networks quickly recovered on their own by restarting the nodes. As the developers commented, when designing the network, possible temporary problems were taken into account, as a result, the network behaved exactly as expected.
The Dutch Central Bank fined Coinbase 3.3 million euros
The Dutch Central Bank (DNB) has fined cryptocurrency exchange Coinbase €3.3 million for failing to get the correct registration in the Netherlands before it could start offering services. Coinbase said it does not agree with the DNB decision, which it says "is not critical of our actual services" and is considering an appeal.
Whales transferred 413 million XRP
According to Whale Alert, a cryptocurrency whale tracking service, an unknown investor transferred 253,594,773 XRP coins worth $103.26 million to an unknown address. In addition to the above transaction, Whale Alert also reported another major XRP transfer that took place in the last days of the hour. An unknown whale has moved a whopping 160 million XRP coins ($65.53 million) to an undisclosed address. These transactions demonstrate the growing interest in XRP among cryptocurrency whales. You can read more about this currency in our article XRP. Features and benefits.
Tesla holdings remain at 9,720 BTC in Q4 2022
Tesla, the electric car maker, refused to sell BTC in the second half of 2022 despite a 75% reduction in its holdings in the first quarter. Tesla continued to hold 9,720 bitcoins, losing $34 million on their investment. Tesla joined the ranks of the corporations owning the leading cryptocurrency in February 2021 with an announcement of a $1.5 billion investment.
The company sold 10% of its BTC holdings in the first quarter of 2021 "to prove BTC's liquidity as an alternative to holding cash on a balance sheet," with the next significant sale coming in the second quarter of 2022, when Tesla said it had sold 75% of its holdings in BTC. Tesla is now the fifth largest public company with BTC on its balance sheet.
