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The current zero-knowledge (ZK) landscape, while innovative, faces significant challenges, as highlighted in a recent blog post by ZKFair, a new mainnet created by Lumoz.  Issues such as inflated valuations, venture capital dominance, and a lack of differentiation among existing Layer 2 solution s are causing disengagement and manipulation among users. “ZK faces hurdles such as an excessively high valuation, insurmountable barriers to user participation, and often monopolization by VCs,” the post reads, pointing out the need for more equitable and user-centric approaches in the blockchain space. In response to the issues it described, Lumoz announced that its ZKFair project will launch a fully community -owned Layer 2 solution as a testnet on Wednesday, December 6, and mainnet on January 20. ZKFair also announced that the launch will be accompanied by an airdrop that is to distribute 100% of the tokens to the community . A closer look at ZKFair Cryptocurr...

Trump’s first NFT collection has seen its value plummet by more than 60% following the latest launch which comes ahead of his 2024 presidential bid. Trump drops series 2 NFT collection ahead of presidential run Another round of digital nonfungible tokens (NFTs) trading cards have dropped bearing the likeness of former United States President Donald Trump, with 38,001 minted on Polygon (MATIC). The collection was launched on April 18 at a price of $99 each, it currently has a floor price of 0.0659 ETH ($145) according to data from NFT marketplace OpenSea and has racked up a volume of 592 Ether (ETH), or over $1.2 million. Based on the collections creator fee of 10% the sales have generated over $100,000, while the initial subscription generated an additional $3.76 million of revenue based on a sale price of $99. A screenshot of Trump's April 18 Instagram post. Source: Instagram Posting to Instagram, Trump suggested that he kept the price the same as it was for the first series “bec...

The downfall of Mt. Gox continues to highlight the importance of greater transparency and accountability within the cryptocurrency industry. In the early days of Bitcoin, Mt. Gox was by far the most prominent Bitcoin (BTC) exchange in the world. The Tokyo-based company was responsible for more than 70% of all Bitcoin transactions in 2013. However, by early 2014, it had collapsed spectacularly, leaving investors and traders with losses amounting to hundreds of millions of dollars.  The downfall of Mt. Gox was a defining moment in the history of Bitcoin and cryptocurrency in general, with several regulators, market analysts and industry experts continuing to study the case to prevent such instances in the future. Moreover, the saga has continued to serve as a cautionary tale for the cryptocurrency industry, highlighting the potential risks and pitfalls associated with digital currency trading and investments. Mt. Gox: The early years Mt. Gox was launched in 2010 by Jed McCaleb, a progra...

While Bitcoiners preach the “zoom out” narrative during crypto bear markets, zooming in on the original Bitcoin logo shows a small orange line from the background going into the white colored “₿.” While Satoshi Nakamoto is credited as the anonymous creator of Bitcoin (BTC), what often goes unnoticed are the selfless contributions of the Community members — miners, developers, designers, hodlers and investors — that help materialize the original vision. However, one such significant contribution was found to carry an imperfection for over 12 years , invisible to the naked eye. On Nov. 12, 2010, bitcointalk.org member bitboy (not related to YouTuber BitBoy Crypto) posted the vector files of the iconic Bitcoin logo, which has been widely accepted worldwide. While Bitcoiners preach the “zoom out” narrative during crypto bear markets, zooming in on the original Bitcoin logo shows a small orange line from the background going into the white colored “₿.” A small design detail that has st...