Messaging App Telegram To Build Decentralized Exchange & Wallet – December 1

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $16,963

Bitcoin price is sitting around the $17,000 level today, following a favorable speech by Federal Reserve chair Jerome Powell yesterday afternoon.

Top-20 altcoins have had mixed performance, as Ethereum remains more or less unchanged, BNB drops 2% and Polygon outperforms the market with a 6% gain.

Top Stories for December 1, 2022 πŸ”₯

πŸ‘‰ Messaging App Telegram To Build Decentralized Exchange & Wallet

Popular messaging app Telegram will build a decentralized exchange and non-custodial wallets, according to CEO Pavel Durov via his official Telegram channel.

Durov directly referenced the FTX exchange collapse, highlighting the need for crypto to return to its decentralized roots – without needing to rely on a single third party.

The announcement follows the company’s successful sale of $50 million in usernames for the platform, which took place via a decentralized auction platform on the Telegram-focused blockchain The Open Network (TON).

πŸ‘‰ BitMEX Launches System For Self-Verifying Liabilities

Crypto exchange BitMEX has launched a system that enables depositors to self-verify their liabilities in the exchange’s total liability balance sheet.

The system doesn’t use a third party auditor and preserves the privacy of client data using a cryptographic data method called a Merkle tree. This enables users to verify the integrity of the data without revealing specifics.

BitMEX also publishes snapshots of reserves and liabilities twice a week – every Tuesday and Thursday.

πŸ‘‰ Russia’s Largest Lender Integrates Ethereum & MetaMask

Sberbank, Russia’s largest bank, has announced an integration of its proprietary blockchain platform with Ethereum and MetaMask.

The integrations will enable developers to move smart contracts and projects between the two blockchains, as well as allowing users to more easily make operations with tokens and smart contracts on Sber’s platform.