EY Releases Code Improving Ethereum Privacy and Efficiency – December 6

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $7,351

Following some wild price swings,Β Bitcoin has remained almost flat over the last day of trading, still sitting around $7,300.

Top-20 altcoins have somewhat stabilized, with XRP up 2.5%, and Ethereum up almost 1%. The best performer is Monero, which is up 3.2%.

Top Stories for December 6, 2019 πŸ”₯

πŸ‘‰ EY Releases Code Improving Ethereum Privacy and Speed

Big-Four Accounting firm Ernst & Young has released an open-source code using zero-knowledge proofs, which greatly improves privacy and the efficiency of transactions in Ethereum.

The newcode allows 20 private transactions at once under zero knowledge. It is a further iteration of EY’s “Nightfall” project, which was first released in April this year.

πŸ‘‰ XRP is on Track to be the Worst-Performing Major Crypto of the Year

XRP has lost almost 51% of its value this year, and is on track to solidify its position as the worst-performing crypto of the top-10 marketcap coins.

BCH has performed almost equally as poorly falling 49% for the year, whereas Bitcoin has had the best performance, still up 17% from its yearly open.

πŸ‘‰ BlockFi Introduces Zero-Fee Crypto Trading

Cryptocurrency lending company BlockFi has announced that they will be introducing trading on their platform, using a zero-fee model.

Users will be able to trade their deposited collateral between Bitcoin, Ether, and GUSD. Rather than earning revenue via trading fees, BlockFi will be selling the trading data gathered by their exchange.