Grayscale Bets $1 Million on Zcash as Privacy Coin Tumbles
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Zcash falls below $1,000 for first time since September
Zcash fell nearly 15% amid a broader sell-off in privacy coins, a day after Grayscale pledged $1 million to ecosystem initiatives.
Zcash Upgrade Could Lock $16 Million in Crypto Forever
Zcash's latest upgrade promises faster transactions, but thousands of coins remain in an aging privacy system that will soon stop accepting withdrawals, potentially leaving their owners empty-handed.
Bitcoin Miner HIVE Eyes $45 Million in Annual Revenue From AI Deal
The Bitcoin miner says its Boden facility could generate $45 million annually, but a June letter of intent remains nonbinding as executives negotiate financing and customer protections for the project.
Brazil's Biggest Bitcoin Exchange Says It Will Refund Users After a $40 Million Hack
Mercado Bitcoin says customers won't pay for a hack that drained tens of millions. Withdrawals on the exchange remain frozen with no restart date.
Hong Kong takes tokenized settlement to 24/7, plans stablecoin trials
The HKMA plans to bring regulated stablecoins into tokenized government debt trials, while HSBC says its RedCoin stablecoin has reached 50,000 users.
Coinbase Swings to $719 Million Q3 Profit on Crypto Gains
Coinbase reported third-quarter net income of $719 million, driven largely by gains on its crypto holdings, as revenue held flat at $1.22 billion.