Year 2024

zk-SNARKs and Stealth Addresses: Protecting Privacy in the Public Blockchain Era

As blockchain adoption continues to expand, the demand for enhanced on-chain privacy has intensified. Transparent blockchains like Ethereum and Bitcoin expose transaction details to the public, creating privacy challenges for users and institutions alike. The conversation around blockchain privacy is evolving, with stealth addresses and zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments…

Consolidation in Bitcoin’s Price Action Signals Potential for Short-Term Correction

Bitcoin’s price has made significant gains since bouncing off the $40K support zone, but the $52K resistance level remains a critical hurdle. The market sentiment is cautiously optimistic, as the Relative Strength Index (RSI) stays above 50%, signaling that higher prices are possible in the short term. A breakout above…

Outflows from Grayscale GBTC Slow Down But Competition Continues to Weigh In

Grayscale GBTC Faces $7B in Outflows Amid Increased Competition Grayscale’s Bitcoin Trust (GBTC) has experienced significant outflows, with $7 billion withdrawn since its conversion to a spot Bitcoin ETF. While the outflows appear to be slowing, the fund, once a leading player in the market, is facing mounting competition from…

MKR Hits April 2022 Levels as MakerDAO’s Endgame and Reduced Supply Boost Sentiment

Maker (MKR) experienced a remarkable rise in activity during the start of the year, with its price surging to $2,140, the highest level since April 2022. This upward trend resulted in monthly gains exceeding 50%, largely driven by significant accumulation from prominent wallet addresses. MKR’s Early 2024 Rally: Whale Accumulation…

Bitcoin Funding Rates Stabilize, Indicating Potential for Sustainable Market Growth

Bitcoin’s price experienced a significant drop yesterday, fluctuating by over 10% in just 24 hours. While it has not yet broken below any critical support levels, analyzing the cause of this movement and its implications for the market is crucial as yesterday’s crash provides valuable technical insights. The Daily ChartOn…