Solana has faced significant volatility, dropping 19% recently. Major transactions have influenced Solana's price decline and liquidity issues. Continue Reading: Solid Start Turns Turbulent: Solana’s Price Struggles Uncovered The post Solid Start Turns Turbulent: Solana’s Price Struggles Uncovered appeared first on COINTURK NEWS .
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. When people talk about zero-knowledge cryptography in 2024, they’re often referring to a privacy-focused use case that relies on a combination of blockchain technology, cryptocurrencies, digital wallets, and users with some degree of web3 knowledge. You might also like: Zero-knowledge modularity can help to scale web3 | Opinion Zero-knowledge proofs have existed since the 1980s, long before the advent of web3. So why limit their potential to blockchain applications? Traditional companies can—and should—adopt ZK technology without fully embracing web3 infrastructure. At a basic level, ZKPs unlock the ability to prove something is true without revealing the underlying data behind that statement. Ideally, a prover creates the proof, a verifier verifies it, and these two parties are completely isolated from each other in order to ensure fairness. That’s really it. There’s no reason this concept has to be trapped behind the learning curve of web3. Most organizations that could benefit from ZK technology aren’t using blockchains or are not even aware of web3. The industry is still young, with many just now familiarizing themselves with Bitcoin ( BTC ) and Ethereum ( ETH ), not to mention Layer 2s and 3s. Despite all that, ZKPs can already be applied to a variety of real-world use cases, and they don’t need to integrate fully web3 rails to do so. Do you trust your slot machine payout? With zero-knowledge proofs, you don’t have to trust a gaming operator. You can just enjoy playing and have peace of mind knowing that the game is designed fairly. Every digital gambling machine in the world should be designed with ZKPs; it just makes sense for the operators and the players. The best part is that players can enjoy the benefits without the words “web3” or “crypto” even entering their minds. Recently, DraftKings and White Hat Gaming were fined $22,500 by the state of Connecticut for their online slot machine game, which failed to pay any winners over one week in August 2023—even though there were more than 20,600 spins that week. The game advertised that nearly 95 cents would be paid out for every $1 wagered, so the algorithm should have returned $19,570 to the players who wagered $20,600 in spins. Instead, players lost $20,600—all of which went to DraftKings. This is where zero-knowledge proofs can make a big difference. A ZKP could prove that a game paid out a certain amount of money over a given period and at a specific hit rate without revealing individual spins or player identities. This is great, but there is still the problem of verifying the proof. Someone needs to ensure that DraftKings, or any gaming operator, constructed the proofs correctly based on all the required data. It could be DraftKings themselves, but we shouldn’t trust them to handle their own verification. A regulator or auditor could do it, but this would likely cost DraftKings a lot of money, which would then be passed on to the customer. In this situation, the best option is a public and decentralized network built specifically to verify proofs in a quick and cost-effective manner. Instead of the user being asked to trust a centralized entity, they can trust a decentralized protocol that ensures nefarious actors (i.e., those who may try to verify an incorrect proof) are punished if they misbehave. AI output and trustworthiness AI’s potential for deception is well-established. However, there are ways we can harness AI’s creativity while still trusting its output. As artificial intelligence pervades every aspect of our lives, it becomes increasingly important that we know the models training the AIs we rely on are legitimate because if they aren’t, we could literally be changing history and not even realize it. With ZKML, or zero-knowledge machine learning, we avoid those potential pitfalls, and the benefits can still be harnessed by web2 projects that have zero interest in going onchain. Recently, the University of Southern California partnered with the Shoah Foundation to create something called IWitness, where users are able to speak or type directly to holograms of Holocaust survivors. This is an undeniably powerful use of machine learning. There’s something so strangely moving about interacting with a hologram of a Holocaust survivor and feeling like you’re having a real conversation. But with a subject this sensitive, it’s even more crucial that the algorithm underlying the hologram is generating factual information. Enter zero-knowledge proofs. If we were to reimagine this project, we might consider adding a “proof of algorithm output” where the user is able to see evidence that the responses they are seeing are based on a Natural Language Processing algorithm that was correctly trained on troves of historical transcripts and interviews with Holocaust survivors, ensuring that the information presented is accurate. ZKPs make it possible to get proof of this input data and AI training without revealing the underlying information. Fact-checking the Holocaust information would also require perusing vast amounts of data, potentially requiring the end user to download or access large data sets and then spend hours reading or watching interviews. ZKPs allow the user to forgo this tedious and resource-intensive process. In this case, we might trust USC to verify proofs for this particular project, but there are certainly more use cases with AI where the end user may not want to trust a centralized entity to both create and verify proof. When incentives to construct “fake” proofs and have them verified align, decentralized proof verification makes the most sense. ZK is a trustless, decentralized system for all We don’t need to trust companies or robots to tell us the truth because we have ZK. Many industries can level up with zero-knowledge blockchain solutions, even if they know nothing about the web3 space. By tapping into ZK proof verification, companies and institutions can essentially keep doing everything they have been infrastructure-wise. They just need to create a simple system for proof creation and then use a decentralized system like zkVerify to handle the proof verification. Even though a blockchain is used, the users don’t need to worry about that. The future of ZK will be massive, and organizations won’t have to change much to reap the benefits. They can just plug and play. Read more: Do androids dream of zero-knowledge? | Opinion Author: John Camardo John Camardo is the head of product management at Horizen Labs, where he focuses on applying zero-knowledge cryptography to solve real-world problems. He currently leads the product side of zkVerify, a chain-agnostic modular blockchain dedicated to efficiently verifying ZK proofs.
In a significant development for the crypto trading landscape, Gate.io has officially announced the forthcoming launch of its NILUSDT perpetual contract trading. This event is scheduled for March 4, 2025,
XLM dropped 24.6% after a rally, testing $0.26-$0.27 support. Volatility remains high, with sentiment shifts and key levels shaping its next move.
Is OFFICIALMAGACOIN the Next 25,000x Crypto? The crypto market is gearing up for another explosive year, and while Bitcoin (BTC) and XRP continue to lead, investors are on the hunt for the next big winner. OFFICIALMAGACOIN has already raised over $3 million in presale, proving that early adopters are betting big on its massive growth potential. With a presale price under $0.20, a limited supply, and increasing demand, this could be the best investment opportunity before 2025’s bull run. Could this be the next 10,000% gainer? Why OFFICIALMAGACOIN Could Be the Best Investment of 2025 Over $3 Million Raised – Massive investor confidence is fueling demand. 1000x Growth Potential – Analysts predict this could be one of the biggest gainers in 2025. Exclusive Early Access – Only available at OFFICIALMAGACOIN , giving early buyers the best pricing. 50% BONUS OFFER – Invest now and use code “MAGA50X” to receive 50% extra tokens on your purchase! LIMITED TIME ONLY! USE PROMO CODE MAGA50X TODAY FOR A 50% EXTRA BONUS! How Do Other Cryptos Compare? Bitcoin (BTC): The most trusted crypto but already highly valued, limiting upside potential. XRP: A leading asset for cross-border payments, but still faces regulatory hurdles. Kaspa (KAS): A fast-growing blockchain using blockDAG technology for lightning-speed transactions. Polkadot (DOT): A multi-chain network built for cross-chain compatibility, but struggling to gain mass adoption. Why Investors Are Choosing OFFICIALMAGACOIN Over Other Cryptos While BTC, XRP, KAS, and DOT are established players, the biggest profits always come from early-stage investments. OFFICIALMAGACOIN is still in presale, meaning those who invest now have the best chance to secure tokens at the lowest price before they hit major exchanges. THE NEXT 1000X CRYPTO – CLICK HERE TO JOIN N OW! Final Call—Time Is Running Out! With millions already raised and a limited number of presale tokens left, this could be your last opportunity to buy before prices surge. Early investors always see the biggest returns—don’t miss out on one of the biggest crypto opportunities of 2025! Website: OFFICIALMAGACOIN X/Twitter: https://x.com/officialMAGAx Continue Reading: BITCOIN, SOLANA, and OFFICIALMAGACOIN.IO—The Trio Leading 2025’s Crypto Explosion!
The post March Mania: 4 Key U.S. Events Lined Up To Reshape Crypto Market appeared first on Coinpedia Fintech News The crypto market has had a rough time, losing nearly $500 billion in just one day, reflecting a 10% drop. Looking at past trends, March has been a bearish month for crypto, with losses recorded 50% the time since 2013. But this time things in March could be different, as several major events are lined up to take place. Here’s what’s coming up. March 6: CFTC Forum on Tokenized Assets and Stablecoins The Commodity Futures Trading Commission (CFTC) will kick things off with a forum focused on tokenized assets and stablecoins. According to the CFTC , the pilot program will explore “tokenized non-cash collateral,” which includes stablecoins and similar products. Companies like Circle, Coinbase, Crypto.com, MoonPay, and Ripple will be part of the discussions. More details about the forum will be shared once everything is confirmed. March 7: White House Crypto Summit with Trump Next in the line, we have one of the most anticipated events, the White House Crypto Summit hosted by President Donald Trump. Trump has recently made headlines with his pro-crypto stance, including talk of establishing a U.S. Crypto Strategic Reserve. The summit will bring together major crypto leaders, policymakers, and financial experts to discuss the country’s role in digital assets. March 10-14: Senate Banking Committee Votes on Stablecoin Bill Regulation has been a hot topic in the crypto world, and between March 10 and 14, the Senate Banking Committee will vote on a stablecoin bill. However, the bill is all about creating clear rules for stablecoins. It focuses on keeping users safe, reducing risks to the financial system, and stopping illegal activities. If passed, this bill could bring more clarity to the legal status of stablecoins in the U.S. March 21: SEC’s First Crypto Roundtable The Securities and Exchange Commission (SEC) will hold its first crypto roundtable on March 21. The meeting will likely focus on rules for crypto, market stability, and how digital assets fit into current financial systems. This will give the SEC a chance to learn more about the crypto market and its challenges. With all these major events happening in March, the crypto industry is bracing for a month of potential volatility and key developments that could shape its future.
Binance has shortlisted 10 altcoins for monitoring, placing them at risk of potential delisting within 30 days. Tokens under review include AERGO, ALPACA, and BADGER, with concerns over volatility, liquidity,
The post Pi Network Price Struggles: Can It Reclaim the $1.95 Resistance? appeared first on Coinpedia Fintech News The mainnet launch of PI Network triggered immense excitement in the cryptocurrency market . On February 20, the day of the launch, the market recorded a growth of 765.87%. Between February 20 and 26, the market surged steeply by around 2,692.85%. The trend reversed in late February. Since February 27, the market has dropped by nearly 38.47%. However, in the last 24 hours, the PI price has grown by over 3.5%. The big question now is: Can It reclaim $1.95 resistance? Time to analyse the scenario deeper. Why Is PI Experiencing a Price Struggle Now? There are at least three reasons for the current price struggle in the PI market. Primarily, the PI Network’s decision to postpone the grace period of the Know Your Customer period for the third time has not been received well by the crypto market. Secondly, the emergence of strong sentiment against the listing of PI on the Binance crypto exchange has negatively affected the confidence of the PI community. Finally, the overall weakness in the cryptocurrency market , caused due to the Trump administration’s move to impose tariffs on Canada, Mexico and China, has limited the PI market’s growth potential considerably. PI Technical Analysis Suggests a Bullish Trend The PI price dropped below a descending trend line after the all-time high. Notably, at one point on March 2, the price dropped as low as $1.51. Recently, it broke strongly above a descending trend line. The price now stands at $1.7356. Importantly, there exists a strong resistance at the $1.95 level. The RSI reading, observed on the four-hour chart of Pi Network, is at 41.13. This figure indicates that there is a high chance for growth in the PI market. The MACD reading, on the same chart, is -0.0810. There is a high possibility that the signal will move above zero. Both these indicators suggest that the market is likely to experience strong bullish momentum soon. PI completed a five-wave increase before correcting. This correction ended on March 2, when the price touched a low of $1.51. Experts believe that the $1.95 resistance is a very crucial level in the PI market. They suggest that if the market breaks above this resistance, it could confirm the bullish wave count. Pi Network Price Prediction According to analysts, if the price of PI breaks above the $1.95 resistance decisively, it could reach as high as $2.40. If PI fails to overcome the pressure from the resistance, its price could slip to a depressively low level of $1.11. Can PI Break the $1.95 Resistance? There are a few key factors that strongly support the PI market’s upward momentum. Firstly, in a community poll organised by Binance, a vast majority of the respondents supported the listing of PI on the exchange . Secondly, some merchants in Asian countries like China, Vietnam and South Korea have started to accept PI. 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Vietnam is moving towards clearer cryptocurrency regulations, as Vietnamese Prime Minister Phạm Minh Chính instructed the Ministry of Finance and the State Bank of Vietnam to draft a legal framework for digital assets within this month. Vietnam to Draft Legal Framework for Cryptocurrencies This Month Vietnam has been a global leader in cryptocurrency adoption, ranking among the top three countries worldwide in terms of population holding cryptocurrencies in 2021 and 2022. An estimated 21% of Vietnamese citizens own digital assets, reflecting the country’s strong individual interest in crypto. Regulatory Push Amid Growing Adoption While crypto trading and investing are common in Vietnam, the lack of a clear legal framework has raised concerns among regulators. The government’s new directive marks an effort to create guidelines for crypto usage, taxation, and investor protection while encouraging blockchain innovation. Vietnam’s move follows a trend seen in other Asian countries such as Hong Kong and Singapore, which are implementing crypto-friendly regulations to balance innovation with investor protection. The upcoming legal framework could provide clarity for businesses and individuals operating in the Vietnamese crypto market. *This is not investment advice. Continue Reading: The Country Where 21 Percent of Its Population Owns Cryptocurrencies Is Going to Legalize Cryptocurrencies! Here Are the Details
The Bank of Israel’s latest report presents an “optimal” digital shekel design, though implementation will depend on collaboration with lawmakers and industry stakeholders. The Bank of Israel has unveiled a preliminary design for the digital shekel, but its launch will depend on further discussions with the government. In the document , Israel’s central bank explained that the digital shekel is designed to be accessible to all, saying the state-controlled currency “will be available to the entire public, including children, foreigners (including tourists), all types of businesses, public institutions, and financial entities.” “Similar to cash, it will be a universal means of payment – anyone will be able to pay anyone, and anyone will be able to receive payment from anyone, but with the convenience and advancement of a digital means of payment.” The Bank of Israel You might also like: Israel CBDC plans on hold ahead of potential digital euro launch It’s assumed that businesses would pay lower costs than existing options, though it’s unclear what fees will be implemented. The central bank claims payments with the central bank digital currency would be fast, with support for offline payments. Addressing privacy concerns, the Bank of Israel reassured that the level of privacy “will be higher compared to existing digital payments.” “The level of privacy in the digital shekel will be higher compared to existing digital payments, and similar to cash, it will also offer the possibility of anonymous payments in limited amounts.” The Bank of Israel The digital shekel could also integrate with other systems, enabling users to “receive or make payments in the digital shekel even if the other party to the payment does not use the digital shekel.” The central bank emphasized that a final decision on issuing the digital shekel hasn’t been made yet, noting that if future conditions show the benefits outweigh the costs and risks, the Bank of Israel “will be prepared” to implement the “action plan.” The Bank of Israel started looking into the digital shekel in 2017, researching the possible benefits and challenges of launching a CBDC. During the initial phase, they focused on global trends in digital currencies, the technology behind them, and how they could affect monetary policy and financial stability. In 2021, the Bank took things up a notch by forming a special team to dive deeper into developing the digital shekel. Read more: CBDCs must close the gap between old and new financial systems | Opinion