The Zcash community has voted to allocate 20% of mining rewards to a development fund that will be distributed among entities supporting the privacy-oriented cryptocurrency, reserving 8% of block rewards for grants to third-party developers.
Data shows that cryptocurrency inflows and outflows on darknet markets hit a new all-time high last year, despite law enforcement’s success in taking down some of the world’s largest marketplaces for illicit goods and services.
Coinbase is looking to expand its custody offers for institutional investors with the launch of a new entity in Ireland, dubbed Coinbase Custody International.
Top stories in the Crypto Roundup today:
- Zcash Community Agrees to Create Development Fund With 20% of Mining Rewards
- Darknet Markets’ Cryptocurrency Revenue Hit New All-time High in 2019
- Coinbase Launches New Custody Entity in Ireland to Expand Institutional Efforts
At the time of writing, bitcoin (BTC) is trading at $9,361.10 (0.42%) with a daily Top Tier volume of $1.92 billion. As for ether (ETH), it is trading at $176.02 (-0.09%) with a daily Top Tier volume of $337.98 million. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,272.10 (0.54%).