Tesla Sold 75% of Its Bitcoin | Polygon zero-knowledge EVM Rollup -Latest Crypto World News in Hindi - YouTube

Hello friends Welcome to today's news update

First disclaimer we are not giving you any financial advice. you have to invest in crypto after your own anlaysis and risk analysis.

Profit and loss is yours so understand it well then invest your money.

So let's move to news update.The first news we are covering in News Update is of polygon.

polygon zero knowledge EVM rollup aims at cheaper web3 transactions.

So there is zero knowledge already a way here which integrates the transactions of Ethereum

So now what has Polygon done here?Zk evm have made that means zero knowledge have made

Ethereum virtual machine is created So what they are doing now they merge multiple transactions into one transaction and send it over the network of ethereum

So by this they are minimizing the transaction cost here.

So now the transaction cost is getting minimized a lot because Creating a batch of more than one transaction and then sending it up to the Ethereum network

So That Means Against Multiple Transactions Only One Transaction Is Happening Above Ethereum Network

And the fee which is above the network of ethereum is getting divided in all these

So because of this the transaction cost is getting very low above the network of polygons.

So now here Polygon is going to get benefit from this No Doubt Web3's technology is also going to be benefited here

And in the future, web3 can also bring its own great performance.

Talking about next news so gemini About which we covered the news yesterday that they have reduced their staff by 7%.

so one more news is coming of them that they receives virtual asset service provider license in ireland.

That means Gemini can provide their all crypto related services in Ireland

and can provide it legally. they opened their local office a year ago

Now after one year they have got this license.Now here they are fully fleged in a way their services which are related to crypto.

Since they have got the license of vasp, then they can provide their services inside ireland.

Next here's the big news that came So Tesla announced that he sold 75% of his bitcoin holdings

And they did this sale for about $ 936 million.

And this he said that he had to do it for the company to get liquidation.

And one thing he was talking about here is that he has not sold out Dogecoin, he has only sold out bitcoin.

And they didn't sell anything of Dogecoin over here

So now here Elon Musk is kind of a supporter of Dogecoin and he is currently still supporting Dogecoin

But they have sold out the btc.

So now because of this,it cause panic in the market.

So the bitcoin price which was moving above 23k saw a downtrend.

That means bitcoin had come down from the figure of 23K here it had come to 22900

Could have gone further down but the market again took stability

And the market is once again seeing above 23k

So when we are making news here then the market value is once again running around 23200 here.

So That Means Stability In The Market Was Back After This News There was a slight correction in the donfall that was here.

But after that the market is moving upwards and that mean bulls which are there is very much dominating over the market.

next news here bitgo which is a exchange So they have shown their support for Near Protocol

So now it will be here that he will play the role of Custodian also for the tokens of Near Protocol And Staking Facility Will Also Be Provided On BitGo

for near token of near protocol.

And here the rest of the facilities that are there of custodian.bitgo will provide with Near Protocol.

So now from here near protocol can be benefited And a minor boom can be seen in the token of Near.

next news here Nigeria will lead regulation over crypto in Africa

So now their work is going on here to come up with the regulations of crypto.

so he who is the director of securities of the country, so he has said here

that Brazil is looking at keenly Govern all the digital asset space.

And on top of that a regulatory framework may be coming soon

So that means Nigeria may be the first african country to come up with a regulatory framework here

A startup of Regulations can start in Africa After which the rest of the African countries may also bring their own regulations on crypto.

Talking about next news which also today's last news south korean authorities raid 15 entities linked to terra collapse.

15 companies have been raided because of what happened to Terra

Out of which 7 which are there are Crypto Exchanges Which are big names here like if I highlight them so it is upbit,bithumb,coinone,korbit and copax.

So these 5 names here are the names of those big exchanges, which even if they go in the number of ranking, then these five are the big names in exchanges.

So, raides have been done on them too.So that they can know what happened behind the downfall of Terra.

Can get any information about what happened and how it happened and we have already shared with you once

That both South Korea and US are working together on it, both are sharing all their information on it.

Whatever is the investigation of Terra collapse, both are doing it together.

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