Cardano Is Launching New Privacy Blockchain and Token

jatink@newsletter.paragraph.com (Mjkhurana) — Sat, 19 Nov 2022 06:46:27 GMT

Input Output Global (IOG), the firm behind the Cardano blockchain, is releasing a new privacy-focused blockchain called Midnight and a token called dust to accompany the new network. Midnight, which is underpinned by zero-knowledge-proof technology, is one of many side chains now being deployed around Cardano, and will go beyond previous privacy-coin projects by delivering zero-knowledge-proof smart contracts, IOG CEO Charles Hoskinson said during an event at Edinburgh University in Scotland on Friday.

Grayscale

jatink@newsletter.paragraph.com (Mjkhurana) — Sat, 19 Nov 2022 06:42:36 GMT

Grayscale Discount’ Widens to Record 43% as FTX Contagion Spreads The added pressure comes after Genesis Global Capital – a corporate sibling to bitcoin trust manager Grayscale Investments – halted customer withdrawals from its lending unit this week.Shares of the Grayscale Bitcoin Trust (GBTC), the world’s largest publicly traded crypto fund, are trading at a new record discount of 43% relative to the price of the underlying bitcoin (BTC). Crypto analysts are speculating as to the reason, but the added pressure comes after Genesis Global Capital, an arm of Digital Currency Group (DCG), owner of Grayscale Investments, which manages GBTC, announced this week that it would halt customer withdrawals from its lending unit.