China

Balancer Labs will shut down as corporate entity became 'a liability' after $110 million exploit

Balancer Labs is shutting down its corporate entity following a $110 million exploit that rendered it a liability. The decision comes as the company aims to transition to a decentralized governance model, allowing the community to take over its operations. The exploit, which affected the Balancer protocol, raised concerns about security and governance within the project. Balancer Labs plans to focus on rebuilding trust and enhancing the protocol's resilience against future attacks. The shutdown marks a significant shift in the company's strategy towards decentralization.

Read the full article: CoinDesk

US sentences ‘laptop farmers’ tied to North Korean IT worker scheme

A U.S. court has sentenced two individuals involved in a scheme that exploited North Korean IT workers to generate cryptocurrency. The defendants, known as "laptop farmers," facilitated the remote work of North Korean programmers, allowing them to earn foreign currency for the regime. They were found guilty

Zcash gains 70% in a week amid growing interest in crypto privacy

Zcash has experienced a significant surge, gaining 70% in value over the past week, driven by increasing interest in cryptocurrency privacy solutions. The rise in Zcash's price is attributed to heightened concerns about data security and the demand for anonymous transactions in the crypto space. Analysts suggest that

CLARITY Act support carries electoral boost, HarrisX poll finds

A recent HarrisX poll indicates that support for the CLARITY Act, which aims to provide regulatory clarity for the cryptocurrency industry, could positively influence electoral outcomes for candidates. The poll reveals that 71% of respondents favor the act, with significant backing from both Republican and Democratic voters. Additionally, 62% of

Zcash to roll out quantum-recoverable wallets within a month, go quantum-proof by 2027

Zcash is set to introduce quantum-recoverable wallets within the next month, enhancing its security against potential quantum computing threats. The initiative is part of a broader plan to transition the cryptocurrency to a quantum-proof infrastructure by 2027. This move aims to safeguard user assets from future vulnerabilities posed by advancements

Read more

US sentences ‘laptop farmers’ tied to North Korean IT worker scheme

Zcash gains 70% in a week amid growing interest in crypto privacy

CLARITY Act support carries electoral boost, HarrisX poll finds

Zcash to roll out quantum-recoverable wallets within a month, go quantum-proof by 2027