The launch of Foundry Zcash Pool has cut ViaBTC’s mining pool hashrate dominance from around 65% to 37%. Crypto mining pool operator Foundry Digital has launched a pool for the privacy-focused cryptocurrency Zcash, which the company says has secured nearly 30% of the Zcash network hashrate through partnerships with multiple institutional mining clients. “Institutional and public miners are seeking a compliant, purpose-built Zcash mining solution,” Foundry said on Monday, a month after announcing its plan to create the Foundry Zcash Pool. Foundry, which is also the largest mining pool on the Bitcoin blockchain, did not disclose which institutional miners it had onboarded to reach a 29.2% hashrate share. Read more
Large Ether investors are back in profit, increasing the chances of a rally toward $3,000, but resistance at $2,800 may delay the recovery. Ether's (ETH) rebound to $2,300 over the weekend put large investors back into profit but is this a sign that ETH may rally to $3,000? Data from TradingView shows that Ether’s price rose 20% to $2,330 on Saturday from its local low of $1,940 reached on March 29. The recovery was fueled by the US and Iran’s announcement of a two-week ceasefire and a strengthening market structure. The rebound has also pushed ETH whales into profitability, according to data from CryptoQuant. Read more