Weekly Crypto Digest

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MinerGate Weekly Crypto Digest June 23-29

Coinbase CEO launched his own crypto charity project

Brian Armstrong, the co-founder of Coinbase, announced his new charity project, aimed on providing unbanked individuals with financial services. The platform, called GiveCrypto, will donate cryptocurrencies to those people worldwide who have no access to the global banking and financial services.

“Most people I respect and know in the crypto ecosystem believe we have a moral responsibility to shepherd this technology forward in a way that allows it to reach its full potential”, – stated Armstrong in the GiveCrypto release.

The project is planning to raise $10 million by the end of 2018 and increase its fundings in future by partnering other nonprofit organizations.

Monero Price: the only coin staying strong in green

Monero Price: the only coin staying strong in green

While the most of cryptocurrencies are suffering the significant market decrease, there are still some altcoins staying more or less strong and performing green positive trends.

Monero (XMR) is one of such coins. With its current value of $127, it shows remarkable stability on the background of entire market’s drawback. Last week Monero gained another 2.47% of its price. Moreover, exchanges are also showing strong uptick in the XMR/BTC ratio.

The further slow but continuous growth of Monero could make its reputation even better and show potential for earning through miners and traders and such entire-market-decrease could become a start point for Monero rising.

TRON Mainnet activated

TRON Mainnet activated

TRON cryptocurrency has launched its independent mainnet and finished migration to the separated blockchain from Ethereum network. The beta version of mainnet was launched on May 31st and became a so-called transition hub for further migration. During the next four-weeks-long period developers ensure that all ERC-20 token-holders will be able to move to the new network.

TRON is a project dedicated to creation of a truly decentralized Internet. With its DApps support, TRON is a self-called one of the largest blockchain-based operating systems in the world. Initially based on Ethereum, it has successfully separated itself and can work on its own independent blockchain.

Facebook again changed policies and unbanned crypto-themed ads

Facebook again changed policies and unbanned crypto-themed ads

The anti-crypto battle of social media giant Facebook experienced yet another small defeat on Tuesday, June 26th. This day Facebook released their revised policy, which once again allows advertising cryptocurrencies.

However, ICO adverts are still prohibited, and the situation with cryptocurrencies’ ads is also not that simple. In order to uphold the credibility of its platform and avoid fraudulent schemes, Facebook decided to propose companies to fill the special request on placing crypto advert in the network.

The first ZEC hard fork successfully passed

The first ZEC hard fork successfully passed

ZCash network was upgraded on block 347,500 as it was scheduled earlier. This block was mined on Tuesday, June 26ер at approximately 1:37 UTC. Update called “Overwinter” become the first hard fork in ZCash network. It’s preparing the blockchain and network codebase to further changes, coming later with Sapling upgrade.

Overwinter upgrade is not making any significant changes to the network. As told by Zooko Wilcox, the co-founder and CEO of Zerocoin Electric Coin Company, “the purpose of this is to get practice doing network upgrades”. Major updates are coming to ZCash with Sapling update, planned on the late 2018. This will become a huge ZCash core update, mostly aimed on increasing of transaction performance.

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