Polygon Launches New Decentralized ZK-Proof Product

Monday March 6, 2023

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TL;DR

New Decentralized Product Which Uses ZK Proofs Gets Launched By Polygon
Tether Reportedly Falsified Documents To Deceive Cautious Banks
Mastercard And Visa Get Cold Feet As Both Companies Pause Crypto Push
Coinbase Announces BUSD Trade Will Be Suspended On March 13th, 2023
Bit coin (-4.8%) Drops Below $22,500 Support
Ethereum (-4.3%) Fails to Break $1,700, Supported By 200 & 50-Day EMA

MACRO NEWS

New Decentralized Product Which Uses ZK Proofs Gets Launched By Polygon...

Polygon, an Ethereum Layer-2 scaling protocol, has finally released a Zero Knowledge (ZK) decentralized identity solution to the public almost a year after first announcing its development. Put simply, the Polygon ID service employs ZK proofs, which utilize cryptographic techniques to enable users to verify their identity online without their sensitive information being passed on to or potentially stored with any third party.

Tether Reportedly Falsified Documents To Deceive Cautious Banks...

According to the Wall Street Journal, Tether reportedly falsified documents which were provided to its banking partners. The Department of Justice (DoJ) is also apparently investigating the stablecoin company for bank fraud.

Mastercard And Visa Get Cold Feet As Both Companies Pause Crypto Push...

People familiar with the matter said that U.S. payment giants Visa and Mastercard are putting a halt to plans to form new partnerships with crypto firms following a string of high-profile failures last year.

Coinbase Announces BUSD Trade Will Be Suspended On March 13th, 2023...

The move comes after the US Securities and Exchange Commission announced earlier this month that it was looking into the stablecoin as a possible unregistered security.

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TECHNICAL ANALYSIS

Bitcoin (-4.8%) Drops Below $22,500 Support

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Ethereum (-4.3%) Fails to Break $1,700, Supported By 200 & 50-Day EMA

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US payment giants Wall Street Journal possible unregistered security Support View Chart New Decentralized Product Bitcoin Energy Summit Polygon ID service

Polygon Launches New Decentralized ZK-Proof Product

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