Confidentiality-oriented Zcash cryptocoin is getting ready to move away from the Proof-of-Work (PoW) protocol and switch to Proof-of-Stake (PoS). There are two reasons for that: security and environment. Zcash cryptocurrency has been gradually increasing in price in recent weeks. Currently, the cost of one cryptocoin is $ 118. And the rate of growth may well…

Since the 2013 takedown of Silk Road, a dark web marketplace trading in illegal goods, where Bitcoin was often used for payment, the U.S. government regularly holds auctions for its stockpile of Bitcoin, Ethereum, Litecoin, and other cryptocurrencies it seizes and holds. CNBC’s interviews with federal agents and prosecutors suggest the U.S. has no plans…

The cryptocurrency market has continued a notable rise, surging $700 billion over the past 21 days, with the total market capitalization breaking $1.9 trillion. Crypto markets have maintained a bullish trend in early August, surging or 58% over three weeks and nearing $2 trillion in market capitalization. According to data of CoinGecko, the total crypto…

Summary Bitcoin has come under regulatory scrutiny in the last few months. I see this as an incredibly bullish sign, showing that Bitcoin is becoming a legitimate financial asset. Regulation will ultimately help increase adoption, which is good news if you own Bitcoin. Since its inception, and especially in the last 6 months, Bitcoin (BTC-USD)…

Meet Youssof Altoukhi, a very young entrepreneur who has launched his own coin ‘Y Coin,’ intending to set a template on how to democratize decision-making when launching a project or token. Grew up in London, Youssof, in his 16, has had a surprising various entrepreneur practice. His first move into business involved selling products to…

As CNBC reported, global investment bank JPMorgan has silently begun giving its wealth management clients access to six cryptocurrency investment funds, despite Jamie Dimon, CEO, continually advising against investing in cryptocurrencies like Bitcoin. JPMorgan Chase is now offering six cryptocurrency investment funds to clients, says CNBC citing people with knowledge of the move. The bank’s…

Breaking crypto news from the last week (31 July – 06 August 2021): 31 July: US officials hire a cryptocurrency firm to hold Bitcoin it’s seizing. Following a rise in crypto-related crimes, federal law enforcement is seizing a lot of crypto assets. Now the US government has hired a cryptocurrency firm to hold all its…

Twitter CEO Jack Dorsey has announced plans to integrate Bitcoin into Twitter’s existing products and services. In terms of mass societal acceptance, this could become a decisive breakthrough for the first cryptocurrency. Twitter CEO Jack Dorsey says his company plans to implement BTC support in several of its products and services, including subscriptions and e-commerce….

While Polkadot and Ethereum are entering the final stretch of the race for blockchain supremacy, comparing them is almost inevitable. They use a comparable architecture on the technical level and proof-of-stake consensus to achieve scalability. Vitalik Buterin and Dr. Gavin Wood also have a shared history in Ethereum. This year is set to be a…

Gillian Tett writes in the FT column on how the Boston Fed and MIT are building an entirely new CBDC platform to displace existing cryptocurrencies. Later this month, the Federal Reserve holds its Jackson Hole meeting to discuss another big experiment: how soon can the Fed create an effective central bank digital currency (CBDC)? The…