NU7 will cut Zcash block times to 25 seconds and preserve its halving schedule, with testnet activation planned for Oct. 6. Zcash developers are targeting Nov. 5 for NU7 mainnet activation after organizations and engineering teams reached “unanimous agreement” on its contents and estimated timeline. On Thursday, Zcash developer Sean Bowe said the upgrade is scheduled to activate on the testnet on Oct. 6. A final decision on the mainnet upgrade and its activation height is scheduled for Oct. 20, after an assessment of NU7’s testnet performance. The upgrade would reduce Zcash’s target block spacing from 75 seconds to 25 seconds, disabling version 4 transactions and integrating the Network Sustainability Mechanism (NSM). The chosen NSM configuration would preserve Zcash’s halving schedule, with the reintroduction of previously removed supply beginning in February 2031. Read more
Input Output Group told users to avoid its YouTube channel after it began livestreaming a suspected AI-manipulated Charles Hoskinson video promising to “double your wealth.” Input Output Group has urged users to avoid its YouTube channel, with the channel on Friday livestreaming a suspected AI-manipulated video of Cardano founder Charles Hoskinson promoting a crypto giveaway. The livestream purported to be a town hall for Project Catalyst, a decentralized community innovation fund and grant program. It was live for nearly two hours. Source: YouTube Read more
World Money is rolling out across more than 150 countries, combining stablecoin payments, digital asset rewards and trading in a self-custodial app. World has launched World Money, a self-custody financial “super app” combining stablecoin payments, digital asset rewards and trading. The rollout began Thursday in more than 150 countries, World said, with features varying by location. Users can send supported digital assets, including stablecoins, to a recipient’s World username, deposit eligible assets to earn rewards, and buy and sell digital assets through exchanges. The app lets users access “Mini Apps” such as Kalshi, Credit and Morpho. A partnership with Stripe allows users to fund their accounts and buy stablecoins with Apple Pay, starting with users in the US. Read more
US Treasury says the Iranian exchange processed payments received through Iran’s Strait of Hormuz maritime scheme and helped move hundreds of millions of dollars in Bitcoin to the IRGC. US authorities on Thursday announced sanctions against Iranian crypto exchange BitBank, accusing it of processing Bitcoin paid by ships transiting the Strait of Hormuz. The US Department of the Treasury’s Office of Foreign Assets Control said that as of June, the Hormuz Safe Marine Services Authority used BitBank to transfer payments it received to the Islamic Revolutionary Guard Corps. The Treasury alleged it is part of the architecture used by Iranian financier Babak Zanjani to move hundreds of millions of dollars in Bitcoin to the IRGC. Treasury has previously alleged Hormuz Safe is part of an IRGC-backed scheme forcing vessels to buy maritime insurance for passage, including coverage against seizures by Iran itself. Read more