According to Chinese astrology, 2022 is the Chinese Year of the Tiger. Chinese tradition has it that the Year of the Tiger is the third of a 12-year cycle of animals in the Chinese Zodiac. While there are different stories about how the animals came to be part of the Zodiac, one of the most […]

. OneRoyal announced that it has expanded its C-Suite with four new senior executives, namely Michael Karakatsianis as Group Chief Operating Officer, Stelios Christodoulou as Chief Financial Office...

Seashell isn't the first to offer an easy-to-use high yield DeFi product. But it believes that, unlike others, it won't run into trouble with regulators.

The post Cardano(ADA) Price Gets Rejected Again! Will ADA Price Reach $5 in Q1 2022? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The crypto space appears to have been following a jump for 2 days followed by a notable correction ahead. And hence the gains gained in the past 2 days are been extracted at once leaving the asset along with their initial positions. The Cardano price also is showcasing a similar trend by rejecting the trend …

CBDCs are a hot top topic among regulators worldwide. As such, Visa and ConsenSys will let their consumers use CBDC-linked Visa cards or digital wallets.

Recently, the ultra-rich spent more than $2.6 billion on this 277-year old asset in just 2 weeks.

The post Revealed: 277-year-old asset class booms thanks to NFTs appeared first on CryptoSlate.

Dapper Labs became the first NFT company to register to lobby with the US government as we read further in our blockchain latest news. DApper joins the growing list of companies n the crypto industry that plan to change the rules and impact new policies. Dapper Labs became the first NFT company that got registered […]

The post MATIC and ONE Struggles at ATH! Are These Blue-Chip Cryptos Really Ready For The Future? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

We often hear traders’ grievances about Ethereum’s huge gas fees and network congestion problems. However, it’s strange that the shortcoming is spreading like a slow poison to the rest of the crypto-verse. Especially after Solana, Matic, and Harmony have been receiving a backlash from frustrated users due to their sluggish network speed.  Polygon (MATIC) and …

EVM-compatible smart compatible platform Moonbeam has gone live, becoming the first fully operational parachain on Polkadot ($DOT). What Is Polkadot ($DOT)? Here is an overview of Polkadot using information from the Polkadot website: “Polkadot is a network protocol that allows arbitrary data—not just tokens—to be transferred across blockchains. This means Polkadot is a true multi-chain application environment […]

People use bitcoin by sharing their payment address that looks like this : mp525tN8b3v4aos32hQT8E6cepdhZVyqVC Let us suppose this bitcoin address belongs to a shopkeeper. The shopkeeper puts this address on a poster behind the shop in the form of a QR code. Now, customers can scan that code with their bitcoin wallet application to pay for their bought items.  The problem is anyone can look for that address in the bitcoin blockchain and can see every incoming or outgoing transaction of that address and the total bitcoin balance of the address. Anyone with that information can get an idea of how rich the shopkeeper is and how successful the shop has been in the past. This information can be exploited by bad actors such as robbers for their personal gains. Also, if we are sitting next to someone while they pay for their bought items, then we can get the idea of how rich the customer sitting next to us is, by seeing the most recent incoming transaction to the shopkeeper’s address and then looking up the balance of the sending address i.e the customer address. So, Bitcoin does not provide full financial privacy, and your average innocent user gets no privacy whatsoever. There are various examples like this, where user privacy can be breached and information gained through it can be exploited by bad actors for their personal gains. Zcash protocol solves this problem of financial privacy for the users. It allows users to send money anywhere without risking their privacy.  What is Zcash and How does it enhance privacy? Zcash is a privacy cryptocurrency that provides anonymous value transfer using zero-knowledge-proof cryptography technology. Zcash is a bitcoin fork and most of the Zcash code is built from bitcoin’s original open-source code but there is a key difference that it uses encryption techniques in payments for privacy. The protocol provides two choices to the user when they transact, they can choose a shielded address for their transaction which will be fully anonymous or they can choose a transparent address where their transactions will be fully visible on the blockchain. When the user uses a shielded address for their transactions, details of transactions are not available for the public to see on the blockchain. Shielded addresses transaction information is encrypted and is not visible to the public. All the transactions that are executed by transparent addresses are visible publicly on the blockchain. How does Zcash Works?           The above diagram shows the whole process of Zcash transactions Zero-knowledge proofs are required to be generated when the user uses shielded addresses for transactions. It allows others to verify transaction details by keeping them private and not revealing them to the public. Shielded addresses always start with a ‘z’ and are called ‘z-addrs’. Similarly, when the user uses transparent addresses, all the transactions interact with the Transparent Value Pool and transactions details are publicly available in the blockchain. These transparent addresses always start with “t” and are called ‘t-addrs’. All the details of transaction fees of both transparent addresses and shielded addresses transactions pass through the Transparent Value Pool and are easily visible in the blockchain.  Tokenomics Zcash token symbol is $ZEC. Similar to bitcoin, the maximum supply of Zcash tokens is 21 million. All Zcash tokens will be mined by 2032, and Zcash block rewards will get halved every four years. In the initial four years after the starting of Zcash mining, 20 percent of its block rewards will be distributed to Electric Coin Company, and 80% of its block rewards will be distributed to miners. At the time of writing this article, the circulating supply of Zcash is 11.99 million, the price of Zcash token is 144.40 US dollars and the market cap of Zcash is 1.73 billion US dollars. Main Features of Zcash Low-Fee Transactions Transactions fees on Zcash protocol are very low i.e 0.0001 Zcash. Zcash token is supported by various crypto wallets and exchanges. Encrypted Memos   When a user does transactions from a shielded address, a memo field is available to fill in any information. Encrypted memos allow the sender to send information that is encrypted and not available for the public to see. Messages and important information can be passed in the memo field. The Rules of compliance made by the Bank Secrecy Act “Travel” are also followed. Viewing Keys For the purpose of regulatory compliance or auditing, transaction details can be revealed by the owner of shielded addresses. The owner can reveal all the incoming transactions and the info in the memo field but can’t disclose the sender’s address unless any information identifying the sender’s address is already mentioned in the memo field.  Multi-Signature Transactions Zcash also supports transactions that require signatures of multiple parties and after their approval, the funds … Continued

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Payments giant Visa has teamed up with the blockchain software company ConsenSys to build an on-ramp for central bank digital currencies (CBDCs). The pilot program will begin after discussions with roughly 30 central banks about its development and potential. According to Bloomberg, Visa will launch a ‘CBDC sandbox’ this spring, where central banks can experiment with technology after minting on Consensys’ Quorum protocol. The latest tech will allow the enabling of plugging into existing payments modules. This means traditional finance companies will be able to integrate the infrastructure to issue things like CBDC-linked Visa cards or digital wallets anywhere where Visa is accepted globally. Commenting on the development, Catherine Gu, Visa’s Head of CBDC, said: “CBDC could expand access to financial services and make government disbursements more efficient, targeted, and secure that’s an attractive proposition for policy makers. With CBDC, a central authority could send fast payments to a targeted set of users and program specific spending parameters.” Mastercard launched a similar CBDC testing platform in 2020. Currently, Visa offers payment cards linked to USD Coin, stablecoin issued by a consortium that includes Circle Internet Financial Inc. Earlier in December 2021, Visa helped in the formation of a global crypto advisory practice to help financial institutions develop their cryptocurrency businesses as demand for crypto products continues to grow. Meanwhile, ConsenSys is already one step ahead in helping develop CBDCs in Australia, France, Hong Kong, and Thailand.

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Pakistan's finance and law ministries are yet to make a decision on a potential blanket ban on crypto in the country.