Analysis News TheBitTimes.com

The native asset of the world’s largest crypto ex change platform by volume is spiking as new data reveals that Binance onboarded 40 million new users in 2023. According to Binance’s 2023 end of year report, the crypto ex change increased its number of new users by 30% compared to 2022 despite a year rife with regulatory woes. “This year, our organization took responsibility for historical issues and has evolved through leadership change , emerging from it an even stronger business. In 2023, Binance welcomed more than 40 million new users (more than a 30% increase from the end of last year), saw steady growth in its key services, and introduced new products and Features built for the next stage of the blockchain industry’s development. At the same time, we remained true to our core value – always putting our users first – and significantly strengthened our compliance program, making important steps toward becoming a truly compliance-led organization.” Earli...

Crypto whale transferred 25,700 ETH to Binance, equivalent to approximately $49.52 million. A similar ETH amount was transferred from Binance between November 3 and 6. ETH gains between both transactions reflect a $1.81 million profit. Popular Chinese crypto journalist Colin Wu has spotted a blockchain wallet that made a significant ETH transaction today, November 9, 2023. Wu posted on X (formerly Twitter) that the particular wallet transferred 25,700 ETH to Binance, equivalent to approximately $49.52 million. 0xB15…8b2e deposited 25,700 ETH to Binance today, equivalent to approximately $49.52 million. These ETH may be the 25,700 ETH transferred from Binance from November 3 to 6, which was worth $47.71 million at the time. If this is regarded as the transaction time of this address,… — Wu Blockchain (@WuBlockchain) November 9, 2023 A user transferred a similar ETH amount from the Binance ex change between November 3 and 6, and Wu suspected t...

ZK proofs could help online privacy by only revealing relevant user information, solving the internet's “biggest problem,” says Brennen Schlueter. Zero-knowledge proofs could be used to solve the “biggest problem” plaguing the internet today — privacy, according to one cryptocurrency executive. Speaking with Cointelegraph at the Ethereum Community Conference (EthCC) the marketing chief at privacy-focused infrastructure platform Aleo, Brennen Schlueter, said while ZK proofs have become a popular solution to provide blockchains with improved scalability through ZK rollups, they have the potential to reshape the entire internet . ZK proofs enable the transfer of information to take place between two parties in which the originator only needs to reveal relevant information to the receiver. For example, to prove an individual is of age to enter a bar without revealing their actual age or identity to a security guard. Schlueter said the modern internet was not built to prioritize the...