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Key Reason Why #Bitcoin Has Reclaimed $34,000 The leading #cryptocurrency , Bitcoin, has recovered to the desired $34,000 mark after reducing some of its gains. The price increase was probably caused in part by a clarification provided by the Depository Trust and Clearing Corporation (DTCC). 1. #DTCC listing stirs market The purely hypothetical expectation that BlackRock and other Bitcoin #ETF candidates would be approved has caused Bitcoin to see its biggest two-day increase in the past seven months. 2. A sea of green  Based on statistics from CoinGecko, Bitcoin has increased by 18.6% in the last week and is currently stable at $34,116. The price of Ethereum, the second-most popular cryptocurrency, is $1,792.29. This is a 14% increase over the same time period. The best performance is Solana, which is currently #trading at $31.38, up a massive 29.8% during the course of the week.

Key Reason Why #Bitcoin Has Reclaimed $34,000

The leading #cryptocurrency , Bitcoin, has recovered to the desired $34,000 mark after reducing some of its gains. The price increase was probably caused in part by a clarification provided by the Depository Trust and Clearing Corporation (DTCC).

1. #DTCC listing stirs market

The purely hypothetical expectation that BlackRock and other Bitcoin #ETF candidates would be approved has caused Bitcoin to see its biggest two-day increase in the past seven months.

2. A sea of green 

Based on statistics from CoinGecko, Bitcoin has increased by 18.6% in the last week and is currently stable at $34,116. The price of Ethereum, the second-most popular cryptocurrency, is $1,792.29. This is a 14% increase over the same time period. The best performance is Solana, which is currently #trading at $31.38, up a massive 29.8% during the course of the week.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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#VitalikButerin Examines Binius: A Faster Approach to Zero-Knowledge Proofs #Ethereum co-founder #Vitalik Buterin explores "Binius," a new method aiming to significantly speed up zero-knowledge proofs. Binius focuses on efficiency by performing computations directly on binary bits (0s and 1s) instead of larger numbers used in traditional systems like zk-SNARKs. This approach caters to frequently used data types like counters and boolean flags, potentially leading to faster proofs. Binius leverages "binary finite fields" for efficient arithmetic operations on bits and utilizes a multidimensional "hypercube" data representation. Additionally, it employs a unique encoding/decoding process to maintain efficiency while enabling processing via polynomials and #Merkle proofs. These advancements in core cryptographic proof system arithmetic promise enhanced scalability and efficiency for complex crypto applications. #zero-knowledge proofs often use polynomials to conceal data and calculations during verification, ensuring only proof validity is confirmed, not the underlying information. While the technical details of Binius encryption and proof generation are beyond this scope, Buterin highlights its potential for significant speed improvements, especially for calculations involving small values and bit-level operations. This technology is based on a 2023 whitepaper by Posen and Diamond. Overall, Binius seeks to substantially outperform existing proof systems in terms of speed, paving the way for faster zero-knowledge proofs in the future. Buterin anticipates further advancements in "binary-field-based proving techniques" in the coming months.
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