Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, Grayscale argued that Zcash could challenge Bitcoin’s network effects as financial privacy gains importance, the UK moved to expand the Bank of England’s mandate to stablecoin and payments innovation and StarkWare demonstrated quantum-resistant Bitcoin spending on mainnet without a protocol change.

Grayscale says Zcash (ZEC) could mount a rare challenge to Bitcoin’s (BTC) powerful network effects as artificial intelligence increases the value of keeping financial transactions private.

The asset manager’s head of research, Zach Pandl, argues that Zcash benefits from being a later entrant, allowing it to combine Bitcoin-like monetary characteristics with optional transaction privacy. That distinction could become more important as AI makes large-scale analysis of financial activity increasingly sophisticated.

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