Bitfinex Joined Forces With Irisium

According the representatives of both companies, they "collaborate to improve digital asset market integrity"
15 March 2018   576

The third largest exchange Bitfinex, based in Hong Kong, will implement an Irisium to monitor trading operations manipulative behavior monitoring and suspicious activity, improve market integrity and obtain analytics on all trading processes.

Comprehensive market and trade surveillance capabilities are integral to operating an exchange. To meet the complex needs of an evolving digital asset class and to protect our sophisticated participants, Bitfinex requires an agile surveillance system built on the latest technology. Together with our experienced team, the Irisium platform will provide the surveillance needed to protect our participants and our venue from trading abuses.
 

Paolo Ardoino

CTO of Bitfinex

Innovative technology Irisium, according to Bitfinex, will allow processing a wide range of data, which will provide professional analysts necessary to identify suspicious activity information.

We are at a tipping point in the development of the digital currency marketplace. As professional traders and sophisticated investors enter the market, exchanges need to deploy modern surveillance tools that can detect abusive trading practices and protect their customers.
 

Alastair Goodwin 

CEO of Irisium Ltd

Bitfinex stressed that together with Irisium they intend to create a new global standard for the transparency of the functioning of cryptocurrency exchanges. 

ZCash “Overwinter” sets the Base for Further Developments

The first hard-fork of the privacy-centric protocol Zcash will be held on June 26, 2018: the upgrade is named “Overwinter” and takes place at block 347,500
25 June 2018   174

As declared in Zcash Foundation`s post on the development, the hard fork is to strenghthen the protocol for additional upgrades to the network, for instance replay protection, versioning, a transactional expiry feature, and as yet undetermined changes.The customers will be demanded to install the upgrade after the software is carried out.

The protocol assists for seamless network updates in the future, such as the much-awaited Sapling protocol designed to raise network scalability and speed. Zcash claims the forthcoming update is well-gained by significant third parties like Binance, Gemini and BitFinex, who will “substantially support” Overwinter.  The foundation is also continually reviewing the list of third parties as the entities confirm their involvement.

Theoretically, the network risks a blockchain split if any members of the community disregard the need to update the system and keep on with the old versions of Zcash. While Overwinter is low on features, it is important to the broader network strategy as further capabilities depend on the Overwinter update. 

It`s worth to note that the friction is already happening in some places. On June 20, 2018, D. Jane Mercer, the developer of the ZCash Windows wallet, WinZEC, threatened to stop all coding activities as the network the Zcash Foundation failed to fund his work. The community members nevertheless promptly donated funds to his wallet address.

For miners running Zcash nodes, the official software has been updated to automatically update to the latest software after block 347,500 is mined. However, if automatic updates are disabled, miners stand to can miss the new code. Zcash Foundation asks the users to abstain from using their wallets at least an hour before the scheduled update.