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“The research that Flashbots details will allow blocks to be built without revealing data on users’ transactions, a step toward enhancing privacy.
The move aims to enable privacy features on Ethereum. The code was made open source in an effort to decentralize block building on the Ethereum protocol. Flashbots has not given an immediate timeline when it will move out of the testnet.
Implementing block building inside encrypted enclaves brings us one step closer toward transaction confidentiality and decentralization of the block building role.”
See Also: ETHDenver Looks Cringey to You Because Ethereum Has an Actual Community
“ConsenSys, a top software firm working on the Ethereum blockchain, is rolling out a zero-knowledge Ethereum Virtual Machine (zkEVM) public testnet on March 28, intensifying the race among top crypto firms to be first to go fully live with the fast-emerging technology.
The move for ConsenSys comes after the Brooklyn, N.Y.-based software firm in December launched its private beta zkEVM testnet. Since then, the private testnet has processed over 350,000 transactions.
The race for the first ZK rollup to go live has accelerated recently. Later this month, Polygon will go live with its mainnet beta zkEVM. Scroll and Matter Labs have also announced they’re coming out with ZK rollups, but haven’t set dates.
We think that it’s important to have multiple zkEVMs, and we want to be one of them.”
See Also: Chainlink Price Feeds Go Live on Base, Coinbase’s Layer 2 Testnet
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“Uniswap Labs, which backs the top decentralized exchange (DEX) on Ethereum, is planning to launch a mobile crypto wallet for iPhone users, but Apple (AAPL) seems to have other ideas. The unexplained delay may add to Apple’s perception as a hardline gatekeeper in regulating the crypto world’s access to iOS.
Apple won’t yet green-light our launch and we don’t know why – we’ve responded to their concerns, answered every question and reiterated that we are 100% compliant with their specifications.
Uniswap Labs said its planned mobile app is primarily a self-custodial crypto wallet, meaning users will have full ownership and control over their assets. The app will also offer the ability to “trade tokens directly with” Uniswap.
Other crypto wallet apps on iOS already support DEX token swaps; market leader Metamask even routes some trades through Uniswap. Adding to the confusion, Capuozzo said Apple is giving different answers to different companies on what is and isn’t copacetic. ‘It’s a rulebook that nobody can read.’
Rather than wait around for Apple, Uniswap Labs said it plans to release its app to 10,000 users via the TestFlight beta platform. Capuozzo said the limited release will give Uniswap an opportunity to show Apple its service is “safe.””
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“One River Digital, a U.S. Securities and Exchange Commission-registered subsidiary of One River Asset Management, will become Coinbase Asset Management and will “form the foundation” of Coinbase’s investment advisory service for institutional clients.
Coinbase has been looking to expand beyond its core retail trading business in response to the drop-off in transaction volume in recent months. Institutional investment management forms a part of that strategy, as does its move into the developer sector through its new layer 2 blockchain Base.
This is about wanting to bring more institutional capital into the world of crypto.
Coinbase Asset Management, which will operate as an independent unit, will be helmed by CEO and Chief Investment Officer Eric Peters, who is also CEO and CIO of One River Asset Management.”
See Also: Huobi to Join BitTorrent Chain Ecosystem, Build Blockchain ‘Super Network’
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“After what had been a relatively slow week, bitcoin’s (BTC) price fell sharply late Thursday as over $62 million in BTC long positions were liquidated during the Asian overnight trading session.
Bitcoin’s descent was rapid and concentrated, occurring during the 01:00 UTC (8:00 p.m. ET) trading hour. Negative reactions to viability concerns surrounding crypto bank Silvergate (SI) appeared to be the driving force behind the decline, which saw BTC fall $1,000 in minutes to $22,500 while ETH declined to $1,570.
Both assets are now trading below their 20-day moving averages. Correlations between crypto and traditional financial assets have loosened, with the correlation coefficient involving BTC, ETH and the S&P 500 sitting at -0.15.”
See Also: Survey: 97% of payment firms believe in the power of crypto
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“Silvergate Bank, which warned this week about its ability to remain in business, discontinued its SEN platform that institutions used to move money to crypto exchanges.
Effective immediately Silvergate Bank has made a risk-based decision to discontinue the Silvergate Exchange Network (SEN). All other deposit-related services remain operational.
SEN is a 24/7 instant settlement service that the bank’s clients could use to conduct transactions between each other at any time, including nights and weekends. The bank counted a number of major crypto firms as its clients for the service, including Binance US, Kraken, Gemini and ErisX.”
See Also: The Rise and Fall of Silvergate’s Crypto Business
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“The Wall Street Journal reported Friday that Tether used bank accounts in the names of executives of various companies, slightly tweaking those companies’ names, to maintain its access to the global financial system in 2018.
The report pointed to Crypto Capital Corp., a “shadow bank” which held Tether funds before being shut down by authorities in 2018, and others, alleging sister company Bitfinex and Tether ‘were able to open at least nine new bank accounts for shell companies in Asia‘ in October 2018.
The report referenced the recording of a call with former Tether executive Phil Potter posted to YouTube in 2017 by Bitfinexed. ‘There’s been lots of sort of cat-and-mouse tricks that everyone in the bitcoin industry has to avail themselves of.’ Crypto companies have traditionally had difficulties securing banking access. Tether in particular has had a number of bank accounts over the past few years.
Paolo Ardoino, the chief technology officer of Tether, tweeted on Friday afternoon that the WSJ report contained a ‘ton of misinformation and inaccuracies,’ without giving specifics.”
The Disrupt 