Coinbase launches open-source cryptography library Kryptology
Coinbase announced the creation of a novel cryptographic library, Kryptology, a collection of tools for blockchain developers. These include secure, audited, and easy-to-use application programming interfaces (APIs) as well as a repository of common issues and lessons learned throughout the history of crypto.
Kotak to start business with WazirX, bets on crypto exchanges
Kotak Mahindra Bank has emerged as the first major bank to welcome the cryptocurrency community back, after being on a payment freeze by banking giants for about 8 months. The bank will start business with one of the country’s largest crypto exchanges, WazirX. The crypto exchange has opened an account with Kotak, while necessary paperwork, KYC, and other tests are ongoing.
Crypto prices today: Bitcoin hits $51,000; Ethereum, Binance coin jumps up to 8%
The crypto market was back in the green on Tuesday as investors picked quality tokens at lower prices. Bitcoin surged past the $50,000 mark as concerns over the Omicron variant eased across the globe and investors lapped up riskier assets. Binance Coin led the gainers with an 8% rally, followed by Ethereum and Cardano which gained 5% each.
Jury in Satoshi Nakamoto suit finds no evidence of partnership to create Bitcoin
A Florida jury rejected claims that Craig Wright and David Kleiman formed a partnership to launch Bitcoin, ending a high-profile case that revolved around the identity of the crypto’s anonymous creator Satoshi Nakamoto and the disposition of a multibillion-dollar fortune. The civil suit, filed by the family of Mr. Kleiman (now deceased) alleged that he and Mr. Wright formed a partnership to create and launch Bitcoin in 2008-’09 using the pseudonym Satoshi Nakamoto.
Bitcoin crash puts a dent into crypto fund inflows: Report
As per a report from asset manager CoinShares, digital asset investment products or crypto funds saw total inflows of $184 million last week (till 3 December), although sharp price weakness at the end week did lead to $40 million outflows last Friday. However, overall inflows suggest that investors continued to see recent price weakness as a buying opportunity.
Crypto investment firm Stacked bags $35 million in funding round
In a fresh funding round, crypto investment platform Stacked has raised $35 million (~Rs 263 crore). The investment round was led by quantitative cryptocurrency trading firm Alameda Research and crypto-start-up investment firm, Mirana Ventures. Launched in 2020, Stacked allows customers to access pre-built investment bundles from hedge funds, asset managers, and indices.
Ethereum’s market cap now exceeds that of the world’s biggest banks
The market capitalisation of the world’s second-biggest cryptocurrency Ether has hit a milestone. It has surpassed the market cap of every global bank, including JP Morgan. The Ethereum blockchain has only existed for less than a decade, while JP Morgan has been a prominent bank for the last 40 years! The increasing market cap of top cryptos like Bitcoin and Ether shows the extent of the growth in the digital asset industry and the massive adoption from both retail and institutional investors.
