Crypto

Foundry Secures 30% of Zcash Hashrate at Launch—Concerns Over Centralization Rise

The launch of Foundry's Zcash Pool has raised eyebrows as it now commands 30% of the Zcash hashrate. This shift comes amid a significant decline in miner revenues, which have plummeted to between $28 million and $35 million in just three months. Analysts are questioning whether the timing of Foundry's entry was strategically planned to capitalize on these revenue drops. Critics warn that such a large concentration of mining power could lead to centralization challenges for ZEC, undermining its decentralized ethos. As the market watches closely, the implications of Foundry's dominance may influence future mining dynamics and Zcash's viability.

Crypto

KelpDAO Points Finger at LayerZero for $294 Million Hack

KelpDAO has officially accused LayerZero of being responsible for a substantial hack that resulted in a loss of $294 million. The decentralized organization claims that the exploit occurred due to vulnerabilities within LayerZero’s infrastructure, asserting that Kelp's own systems were not compromised. This assertion has stirred significant

The Rise of Stablecoin Payments Enhances Digital Payment Landscape

The digital payment sector is rapidly evolving, fueled by heightened consumer awareness and the benefits of cryptocurrency solutions. Innovations include no-KYC crypto cards and intuitive cryptocurrency wallets that simplify transactions. These advancements are making stablecoin payments a more accessible option for consumers and merchants alike. As the market adapts, the

UK to Integrate Stablecoins into Payment System Amid Digital Won Push by Bank of Korea

The UK government has announced plans to incorporate stablecoins into its payment system, aiming to enhance digital transaction options. This move is part of a broader strategy to modernize financial technology and foster innovation within the UK economy. Simultaneously, the Bank of Korea is accelerating efforts to develop its digital

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