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Zcash founder joins Shielded Labs, pushes for hybrid PoS upgrade

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Zcash founder Zooko Wilcox has announced his collaboration with Shielded Labs to accelerate the implementation of a hybrid Proof-of-Stake (PoS) upgrade for the Zcash network. This move aims to enhance the network’s scalability and efficiency while reinforcing its security framework.

Shielded Labs, a blockchain development firm known for its focus on privacy and scalability solutions, is partnering with Wilcox to push forward the hybrid PoS upgrade, which combines traditional Proof-of-Work (PoW) with PoS mechanisms. The proposed upgrade seeks to address several key challenges faced by the Zcash network, including transaction throughput and energy consumption.

The hybrid PoS model is designed to improve network security and reduce reliance on energy-intensive mining operations, aligning with broader industry trends toward more sustainable blockchain practices. By integrating PoS, the upgrade is expected to enhance transaction processing speeds and overall network performance, while maintaining the privacy features that are central to Zcash’s value proposition.

Wilcox’s involvement with Shielded Labs highlights his ongoing commitment to advancing Zcash’s technological framework and ensuring its competitive edge in the rapidly evolving cryptocurrency landscape. His expertise and vision are seen as crucial in driving the successful implementation of the hybrid PoS upgrade.

The initiative has been met with enthusiasm from the Zcash community and industry observers, who view it as a significant step toward modernizing the network and addressing scalability issues. The upgrade is anticipated to position Zcash more favorably among other privacy-focused cryptocurrencies and improve its overall utility.

As development progresses, both Wilcox and Shielded Labs will focus on refining the upgrade proposal and engaging with the broader Zcash community to ensure a smooth transition. The outcome of this endeavor will be closely watched for its impact on the future of Zcash and its role within the cryptocurrency ecosystem.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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