crypto  news Updates

By: newsdesk7

Co-Founder Bjelic Says Polygon Explores Use of ZK Technology for Main Chain!

The Ethereum scaling initiative, Polygon, is investigating methods of incorporating “zero knowledge” or ZK technology into its main chain. This technology is considered by numerous specialists as a significant advancement in the application of cryptography within blockchains.


Genesis Global Trading to help parent DCG pay off some of the firm’s creditors!

The final details of a proposed plan to sell Genesis Global Holdco and Genesis Global Trading have been revealed, following the company’s filing for bankruptcy protection last month. The sale is aimed at assisting Digital Currency Group, the parent company, in paying off some of its creditors.


Social Networking App Released by Friends With Benefits Decentralized Autonomous Organization!

On Thursday, the decentralized autonomous organization known as Friends With Benefits (FWB) announced on Twitter that they will be launching a social networking application. FWB is a highly regarded DAO.


FTX liquidators released a report on the company’s physical assets in the island nation!

The provisional liquidators appointed to oversee FTX Digital Markets, the subsidiary of the company located in the Bahamas, have published a report on the physical assets of the firm in the island nation. As per the affidavit submitted by a partner at PricewaterhouseCoopers to the Supreme Court of the Bahamas on February 8th, the Joint Provisional Liquidators (JPLs) of FTX stated that the company had acquired 52 properties in the Bahamas. The total estimated value of these properties was approximately $255 million.