DeFi News Today TheBitTimes.com

round " stroke-linejoin=" round " class="lucide lucide-maximize2"> Author: @0xMavWisdom In the wake of Tornado Cash, the privacy track is in the midst of a crisis of confidence. Recently, Aztec Network, a Layer 2 scaling network using the UTXO model and proof of privacy, announced the closing of a $100 million Series B round of funding led by a16z crypto with participation from A Capital and others. Aztec Network has previously raised nearly $17 million in a Series A round led by Paradigm. With the funding, Aztec co-founder Andrews said the money will be used primarily to hire more engineers to build the network globally. Aztec is a zero-knowledge Rollup built with a privacy-first architecture, allowing users to access Layer 1 applications they want to use with full privacy protection. Its product system is based on the underlying PLONK proof system, enabling anonymous transactions between accounts and privacy interactions with the DeFi project through the g...

During the Asian session on December 22, Bitcoin price prediction remains bearish below $17,000, as the market appears to have low volatility and trading volume ahead of the Christmas holidays. Similarly, Ethereum has also remained mostly unchanged at $1,220. Ethereum (ETH) has been delisted from the peer-to-peer cryptocurrency exchange Paxful on the grounds that it is no different from any other fiat money. Paxful Delists Ethereum The New York-based crypto exchange is delisting Ethereum because of what its co-founder, Ray Youssef, considers to be a lack of decentralization caused by the top smart contract platform's transition to proof-of-stake. Youssef claims that without the second-largest cryptocurrency by market cap, investors are better off. We have banned Ethereum from our store.  Safeguarding the lives of 11.6 million people. Truth over profit. Exactly who is going to go up next?" Youssef explains in greater detail why he is banning ETH from Paxful ...

It was a bullish Tuesday session for the crypto top ten. Binance Coin (BNB), Dogecoin (DOGE), and Ripple (XRP) leading the way, and Bitcoin (BTC) revisiting the $17,000 psychological level for the first time in four sessions. However, it was only KunciCoin flashing green on Wednesday, December 21, as the Indonesian crypto soars 35% with certain key levels of interest. A mixed start to the day has seen the crypto market cap fall to an early low of $750.29 billion, but the downside was brief as the crypto market cap surged towards mid-afternoon highs of $810 billion before easing back. KunciCoin price is among the top gainers today. KunciCoin (KUNCI) price is trading at $0.027o on CoinGecko, up by 35.8% in the last 24 hours and flashing green with a long engulfing candlestick. It ranks #411 on CoinMarketCap with a live market cap of $1.08 billion and a 24-hour trading volume of $2.5 million. KunciCoin Ecosystem and Crypto News KunciCoin is committed to making blockchain technology ...

Terra Luna Classic price is battling for support mid-through the week's trading. Bulls suffered another setback last week after LUNC snapped out of consolidation between $0.0001468 and $0.0002. LUNC currently exchanges hands at $0.0001308 after losing 2.3% of its value on the day. Terra Luna Classic's performance has been dismal this year, considering it is trading at roughly 100% below its all-time high of $119. Price data from CoinMarketCap shows that LUNC sits in the 45th spot in the market, with $782 million in market capitalization. Over the last 24 hours, its trading volume dropped by more than 30% to $58 million. LUNC/USD price chart Bulls Push for Lower Prices Ahead of a Possible Terra Luna Classic Price Rally Terra Luna Classic price has sustained a downtrend below a couple of trend lines, as illustrated on the daily timeframe chart below. Attempts to break this southbound move have only passed the lower trend line (dotted). LUNC needs to make a cle...

The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted under a special legal regime that’s currently under development. Russia’s Central Bank to Explore Crypto Settlements Amid Financial Sanctions The Central Bank of the Russian Federation (CBR) intends to trial international trade settlements with cryptocurrencies, the monetary authority’s First Deputy Chairman Olga Skorobogatova announced on Monday. “We are now planning, within the framework of the experimental legal regime that we are preparing, to try the use of cryptocurrency for international settlements, that is, for foreign economic activity,” she said, quoted by the Tass news agency. Speaking at the State Duma, the lower house of Russian parliament, Skorobogatova detailed that the pilot project will be carried out with interested companies. However, she did not specifically name the market ...

GameFi partners with BNB Chain to innovate the Web3 gaming industry. The Web3 game market has been strongly affected as well. A great number of games and metaverse projects have gone into hibernation, unsuccessful launch, and even bankruptcy before getting a chance to approach the audience. On the bright side, Crypto Winter has come, but mainstream adoption continues faster and stronger than ever in 2022. Cryptocurrency-related topics are frequently on trend, governments & local brands began to show support and collaborate with crypto companies, and more and more content about the field is publicly discussed. However, Web3 gaming faces many barriers in technology, cost, recognition, and faith among game enthusiasts. This leads to the demand for a connector and the guides behind it. PARTNERSHIP FOR NEW INNOVATION CYCLE OF WEB3 GAMING GameFi.org and BNB Chain encountered each other while we were on the mission to find a potential way of creating an innovation path for Web3 gaming dev...

BlockFi recently filed a motion requesting power from the US Bankruptcy Court to allow its users to withdraw digital assets locked up in wallet accounts on the platform. The bankrupt crypto lending platform also asked for permission to update its user interface to duly reflect transactions as of the platform’s halt. A host of users shared the e-mails they received from BlockFi on social media platforms like Twitter. Notably, the firm labeled the motion an “important step” towards its goal of returning assets to clients via its Chapter 11 cases. The mail further asserted, “ It is our belief that clients unambiguously own the digital assets in their BlockFi Wallet Accounts. “ Just got this email from #BlockFi, did you? #Blockchain #Celsius #FTXScam #FTX Bankruptcy pic.twitter.com/p5ijqnIckp — ⬡EMPΞROR⬡ (@freeglobetrekk) December 19, 2022 Also Read: BlockFi sues Sam Bankman-Fried over $575M Robinhood Shares Motion D...

Michael Burry. Source: Video Screenshot/CNBC Audits of Binance and other crypto exchanges are “essentially meaningless” since auditors don’t know how to deal with crypto, according to Michael Burry, the legendary investor who inspired the movie ‘The Big Short’. According to Burry, this is the same problem as he was facing himself in 2005 when he started using “a new kind of credit default swap.” He said that auditors at the time were “learning on the job,” which is "not a good thing." “Same goes for FTX, Binance, etc. The audit is essentially meaningless,” Burry recently wrote on Twitter, while sharing a screenshot of the news that global auditor Mazars will stop working with crypto companies. Reason to believe Burry While some have been worried about the move by Mazars and others to quit their crypto work, there is reason to believe Burry’s point that auditors simply don’t understand crypt...

Join Our Telegram channel to stay up to date on breaking news coverage Dash 2 Trade is a new crypto data Analysis and social trading system with the goal of simplifying and reducing the inherent risks associated with trading cryptocurrencies. Its launch in early 2023 is well-timed, as the crypto sector has entered a new period of unpredictability and complexity. More than $10 million has been raised during the platform’s final stage of the presale period, allowing creators to prepare for a beta launch of their innovative, all-in-one Dashboard. Since the public beta is about to launch, Dash 2 Trade is consistently drawing in fresh capital. With the help of Dash 2 Trade, retail traders may more easily compete with their more experienced institutional competitors in the cryptocurrency market. The Dash 2 Trade interface promotes itself as the “Bloomberg terminal of crypto,” with a primary focus on providing traders with all the resources they need to make profit...