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Zcash has completed a two-phase emergency network upgrade to fix a critical vulnerability in its Orchard shielded pool — a flaw that sat undetected for four years, could theoretically have allowed unlimited undetectable counterfeit ZEC creation, and triggered a 50% price collapse before the network’s swift response began restoring confidence and driving a recovery in ZEC’s price. Related Reading: Analyst Charts Ethereum Long-Term Roadmap To $16,000 – There’s No Need To Panic Josh Swihart, CEO of Electric Coin Company — the primary developer of Zcash — posted on X on June 7 confirming the fix was complete and the network secure, as ZEC began its recovery from the lows reached after the vulnerability’s disclosure. The post arrived at a critical moment for the asset: ZEC had crashed approximately 50% from a June 4 peak of $624 to $309 on June 5, wiping more than $3 billion from its market capitalization, per the BitMEX Blog’s documented timeline of the incident. ZEC's price trends to the
Read full articleInstitutional adoption of Ethereum ETFs suggests growing centralization risks and potential governance challenges for the cryptocurrency market. The post Ethereum spot ETFs see $101M inflows led by BlackRock’s $37M appeared first on Crypto Briefing.
Ethereum's potential shift to zero-knowledge proofs could enhance scalability, privacy, and interoperability, reshaping blockchain's future landscape. The post Ethereum could transition to zero-knowledge proof protocol in 3 to 5 years, says Joe Lubin appeared first on Crypto Briefing.
Zcash founder Zooko Wilcox says the proposed Ironwood upgrade will give users immediate, trustless verification that ZEC’s circulating supply is sound from the first block of activation. His comments address a central concern in the Zcash community following the disclosure of a recently remediated Orchard vulnerability: whether users can verify the supply without relying on […]
The reading likely supports restrictive monetary policy.
A forensic report from Humanity Protocol found a single malware-infected developer machine held backups of seven private keys, giving an attacker full control over both its Ethereum and BNB Smart Chain infrastructure.
Mastercard has launched Agent Pay for AI, a new protocol designed to enable artificial intelligence agents to pay each other and send micropayments — storing the permissions that humans grant their AI agents on Polygon, a blockchain network built on top of Ethereum, according to an exclusive report by Fortune published June 10. Related Reading: […]
The Zcash incident underscores the challenges of ensuring transparency and trust in decentralized finance, highlighting potential systemic vulnerabilities. The post Zcash volume spiked 12-13x before privacy bug went public, Allium Labs reports appeared first on Crypto Briefing.
Increased inflows into Fidelity's ETH ETF highlight shifting investor focus towards Ethereum, indicating potential market confidence in its growth. The post Fidelity ETF clients buy $29M in ETH this week, highest since April appeared first on Crypto Briefing.
