Winklevoss-Owned Gemini Switches Zcash Software Ahead of Faster 25-Second Blocks
Key Highlights: A Winklevoss-linked investment firm led a $59 million financing for publicly traded Cypherpunk Technologies. Cypherpunk holds and mines $ZEC, while Gemini handles trading and custody for its holdings. Zcash’s NU7 upgrade would reduce block times from 75 seconds to 25 seconds, increasing the processing demands on exchanges. Cypherpunk’s Zcash Strategy Faces a Key ...