The Zcash privacy coin has gained tremendous prominence among miners within the past few months as many disenchanted enthusiasts seek out digital currencies with greater rewards and less capital investment. According to the latest statistics, the coin’s hash rate has grown by over 400 percent since July last year and remained immutable even after the capricious November price slump. Bitcoin and Ethereum’s hash rate dipped in the wake of the shifting landscape as miners struggled to break even. Mining profitability is the main reason why more miners are jumping on the Zcash bandwagon. Mining Zc ..read more

The gaming sector has been growing by leaps and bounds, and its connection with the crypto industry is becoming increasingly stronger. According to the latest reports, leading video game publishers are starting to integrate blockchain and cryptocurrency components into their networks. This is to provide a better experience for both developers and users. Some Interesting Gaming Industry Statistics The U.S. gaming industry generated a record $43.4 billion in revenue in 2018. This is according to statistics released by the Entertainment Software Association. The figures include physical and digit ..read more

NEAR is a smart contract supporting, Layer-1 blockchain created to tackle cryptocurrency’s scalability issues, which have grown to be one of the most significant problems for popular blockchains like Ethereum. Based on the proof of stake consensus method, NEAR employs about 100 validators to protect the blockchain from a 51% attack that has been a concern for proof of work-based blockchains. Growing at a time when investors and developers alike are looking for a sustainable, scalable, and reliable blockchain, NEAR offers plenty of potential to become a severe competition to many similar blockc ..read more

Cryptocurrency regulation has been a matter of discussion in the United States for a while now, and it appears to be that the same might be coming to an end soon. At the same time, cryptocurrency regulation could also witness a dynamic power shift from the Securities & Exchange Commission (SEC) to the Commodities and Futures Trading Commission (CFTC.) Cryptocurrency Regulation Is on the Way A few days ago, the draft copy of a bill from the Senate Legislative Council titled ‘Lummis-Gillibrand Responsible Financial Innovation Act” was leaked. The bill, in its entirety, was basically a propos ..read more

In the three years since its launch, Uniswap has amassed not only a huge user base but also significant dominance over the Decentralised Exchange (DEX) market. Now with its most recent development, it is heading towards cementing its place in the NFT market as well, one step at a time. Uniswap Brings NFTs In a press release on June 21, Uniswap announced the acquisition of the first NFT marketplace aggregator, Genie, which basically lets anyone discover and trade NFTs across most platforms. As Uniswap described this partnership, “In pursuit of our mission to unlock universal ownership and exch ..read more

In June 2022, the cryptocurrency market dropped below the $1 trillion mark —$890 billion at the time of writing. This is the first time since January 2021 that the market goes below the trillions. Several cryptocurrency companies, especially exchanges, are feeling the pain of the ongoing bloodbath in the market and have decided to downsize their staff in order to prepare for the upcoming crypto winter. Coinbase Slashes 18% Of Staff On June 14, leading US crypto exchange Coinbase announced cutting almost 20% of its staff due to the current market downturn.  CEO Brian Armstrong took to Twit ..read more

Ethereum has always been a pioneer for multiple aspects of the crypto space ranging from DeFi to NFTs, as well as high gas fees and innovations to solve its scalability concerns. As the chain’s scope grew, so did its limitation for scalability.  The following article explores how layer-2 solutions are evolving in the current bear market.  Optimism Brings Its Cavalry Also known as L2 solutions, these are basically chains built to reduce the load on the mainnet of a blockchain by processing transactions and other operations off-chain and eventually linking it back to the mainnet for fi ..read more

The Terra community doesn’t seem to catch a break lately. This time, prosecutors in South Korea have summoned representatives and employees at Terraform Labs to investigate the collapse of TerraUSD (UST), the company’s now failed stablecoin. Terra Staff Has Already Testified As per a report from a local newspaper, the Financial Crime Joint Investigation team of the Seoul Southern District Prosecutor’s Office has called all Terraform Labs employees to obtain relevant information about the company’s sudden collapse.  The employees, who have been working for Terra since 2019, have reportedly ..read more

A proposal to relaunch the Terra blockchain has passed with a wide margin of 65.5% votes in favor. The new blockchain is called LUNA 2.0 and will come into existence in the next two days, this May 27. As per the Terra Ecosystem Revival Plan, at least 200 million voted in favor of relaunching the Terra network and 40 million voted against it. There was a significant amount of voters that abstained, roughly 64 million. The voting process was open to LUNA token holders, with one token equal to one vote.  Terra governance Proposal No. 1623 to rename the existing network Terra Classic (LUNC ..read more

The stablecoin market has witnessed one of the most unstable moments in its history this month as TerraUSD (UST) lost its peg and momentarily threatened the perceived stability of its competing stablecoins.  However, prior to UST’s creation, a competition between USDC and USDT was already in full swing.  USDT vs. USDC At the time of writing, UST, a stablecoin meant to trade at $1, is worth approximately $0.068 or 6 cents. The day it lost its peg (the crash of May 9), Tether (USDT) and USD Coin (USDC) were also impacted. The former lost its peg and fell to as low as $0.95, whereas the ..read more