Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Today in crypto: Zcash developers are seeking another reduction in block times to speed up transaction confirmations, just days after the NU7 upgrade cut the interval from 75 seconds to 25 seconds. Binance France is closing up shop in the country, as all accounts will be closed on Dec. 31, while the US Treasury imposed financial sanctions on eight Canadian money-service companies it claims have done business with sanctioned Iranian entities.
Zcash developers have proposed reducing the blockchain’s target block interval from 25 seconds to 20 seconds, seeking faster transaction confirmations days after activating the NU7 upgrade.&
On Sunday, developers ValarDragon and Evan Forbes submitted a draft Zcash Improvement Proposal (ZIP) on GitHub, saying that they want the change to be included in the next community poll and considered for the upcoming NU7.1 network upgrade.
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