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Polygon Announces Zero-Knowledge Identity Platform for Web3


On March 29, Polygon, the layer two (L2) scaling solution that runs parallel with the Ethereum blockchain, has announced a new identity platform called Polygon ID. While the protocol is is still under development, Polygon ID is powered by zero-knowledge (ZK) cryptography and Polygon expects...

EU Draft Regulation Threatens Crypto Industry But the Fight Is Not Over Yet


  Yesterday’s decision by lawmakers to approve controversial amendments to the Transfer of Funds Regulation (TFR) could put many crypto exchanges in jeopardy in the European Union. However, the crypto sector is determined to keep fighting against the looming clampdown, as indicated by recent...

Financial Heavyweight Woori to Launch B2B Crypto Wallet Management Platform


South Korea’s Woori Fund Service – a part of the financial business group that also comprises the commercial bank heavyweight Woori Bank – will team up with the domestic crypto exchange GDAC to unveil a business-to-business (B2B) crypto wallet management solution. Hanguk Kyungjae reported that...

Crypto Industry Fights Back Against EU 'Unhosted Wallet' Propaganda


  The global crypto industry is increasingly fighting back in response to regulatory proposals they consider harmful to the sector’s future development.  Following the unsuccessful campaign by some European Parliament members to ban proof-of-work (PoW) consensus protocol-powered cryptoassets,...

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