Solaris to activate its Zerocoin protocol

Solaris has announced it is going to activate Zerocoin protocol on April 18 as the chain reaches the height of 259300 blocks
04 April 2018   527

Solaris is releasing its Zerocoin protocol on April 18 as the blockchain's 259300th block is activated. The project is a decentralized open source cryptocurrency focused on privacy, innovation and the advancement of technology. With the Zerocoin protocol release, zXLR transactions are automatically enabled. The protocol is going to provide full privacy to the users. The trick is that the protocol converts publicly available transaction details into anonymous: anytime the user wants to spend funds, they appear as a new coin without a spending history.

Solaris Roadmap Q2 2018 fragment

Cryptographic algorithm at the core of the protocol ensures the coin does not get traced. The stability of the algorithm provides the same level of security and privacy even if the network itself is compromised.

Solaris is a community-focused privacy-based coin driven to maintain sustainable growth, development and fair practices within the masternode coin space. Solaris is a self-funded, self-governed, private, instant and secure cryptocurrency. At the moment of publication, the market parameters of Solaris are as follows

Average price: $6.03

Market cap: $6,900,626

Volume (24H): $33,149

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   70

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.