Zcash to freeze about $16 million held in its oldest privacy pool

·3 views

Zcash is preparing to freeze the funds remaining in Sprout, the privacy pool the network launched in 2016. About 12,200 ZEC, worth roughly $16 million, is still held in the pool. Around 10,000 of those coins have moved out over the past week, though only about 40 left on Wednesday. The pending freeze means the remaining balance will no longer be usable once it takes effect. The article reports the timing and details as Sprout's usage continues to wind down.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Hong Kong Enacts Law Requiring Crypto Exchanges to Report Customer Transactions to Tax Authorities

Hong Kong has passed legislation obliging cryptocurrency firms to report customer transaction information to tax authorities. Under the new rules, crypto businesses must begin collecting customer and transaction data starting in 2027. The city will then share this information with overseas tax authorities beginning in 2028. The measure brings the territory's crypto sector in line with international tax transparency efforts.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

OpenAI Says Its AI Found 948 Linux Flaws; Crypto Security Experts Weigh In

OpenAI reports that its AI system identified 948 vulnerabilities in Linux and generated a working attack for each one. The disclosure has prompted commentary from crypto security specialists about its implications for the industry. Those experts argue that decentralization may leave the crypto sector better positioned to withstand such threats than many other industries. The article focuses on how the findings could affect blockchain security, though the exact scope of the implications is not fully detailed in the source text.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Arkansas Sues Kalshi, Alleging Illegal Gambling Operations

The state of Arkansas has filed a lawsuit against the prediction market platform Kalshi, accusing it of operating illegal gambling. Arkansas joins Utah and several other U.S. states that have already brought criminal or civil charges against the company. The legal actions reflect growing scrutiny of prediction markets and whether their contracts constitute unlicensed wagering under state law. The article notes the mounting number of lawsuits facing Kalshi across multiple jurisdictions.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

XRP Ledger patches bug that could have allowed creation of new tokens

The XRP Ledger has deployed a fix for a previously disclosed bug that could have enabled the minting of new tokens. The patch went live on Wednesday, after validators reset the activation timeline in October. According to the report, the existing XRP supply was not affected by the flaw. The source article provides limited further detail beyond this timing and outcome. The rest of the story's specifics are not available in the provided text.

0 comments Read more at CoinDesk