EU Committee approves zero-knowledge proofs for digital IDs
The European Union (EU) Committee has approved the addition of zero-knowledge proofs as an amended version of the European Digital Identity Framework (eID). EU legislators took a critical step last week to support privacy in the area of people’s digital identities. The Industry, Research, and Energy Committee amended the European Digital Identity Framework (eID) on […]
Celsius selects NovaWulf as sponsor for its bankruptcy plan
For its proposed Chapter 11 bankruptcy restructuring plan, insolvent cryptocurrency lender Celsius Network has selected NovaWulf Digital Management as the sponsor. On February 15, Celsius filed a document with the United States Bankruptcy Court for the Southern District of New York outlining the strategy. The Celsius Official Committee of Unsecured Creditors (UCC), a group that […]
India bans Crypto ads, sponsors from women’s cricket league
A 68-page advisory from the Board of Control for Cricket in India (BCCI) prohibits the women’s cricket teams from having direct or indirect involvement with commercial associations and other sponsorships in the crypto industry. The preemptive ban on cryptocurrency advertising and sponsorships in the local women’s cricket league was another example of how the Indian […]
Bitcoin average block size hits all-time high of 2.5MB
Following the creation of the nonfungible tokens (NFTs) protocol Ordinals in January 2023, weeks later, Bitcoin’s average block size has hit an all-time high of 2.5MB since its creation. According to statistics from Blockchain.com, the size of a Bitcoin block increased significantly starting in February 2023 and reached over 2MB in the weeks after the […]
Magic Eden NFTs Marketplace Layoff 22 Employees
Magic Eden NFTs marketplace has announced the layoff of 22 employees, the reduction in workforce according to Magic Eden is part of its restructuring process towards its business goals in 2023. As the larger crypto economy continues to struggle with a brutal winter, Magic Eden, the leading marketplace for Solana NFTs , announced the termination […]