Zcash Blockchain Set for Redesign; Facebook’s Calibra to Hire Head of Data Science

The top daily news from the cryptocurrency and blockchain space:

  • Zcash blockchain set for major redesign.
  • Facebook’s Calibra posts for Head of Data Science.
  • Binance DEX gets its first stablecoin trading pair.

At the time of writing, bitcoin (BTC) and ether (ETH) are trading at $10,809.4 (+0.5%) and $307.0 (-2.9%), respectively. As for the MVIS CryptoCompare Digital Assets 10 Index, it is currently tracking at 4,815.8 (-1.4%).

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Zcash Blockchain Set for Major Redesign

The Electric Coin Company (ECC), the entity steering the development of the Zcash blockchain, is reportedly planning to make the privacy-oriented cryptocurrency as user-friendly as cash payments.

Covering topics such as funding and scalability via sharding, the future of Zcash was presented on and discussed over the weekend at Zcon1, an annual Zcash-focused conference.

Facebook’s Calibra Posts for Head of Data Science

Continuing to build out its team, Calibra – a recently announced subsidiary of Facebook – posted a job position for a Head of Data Science on Saturday.

Per the job description on LinkedIn, the ideal candidate will be “an experienced analytics leader for [Facebook’s] entire consumer-facing wallet product.” This wallet will be the first product to come out of Calibra, which is building financial services atop the ecosystem surrounding Libra, a digital currency initiative announced by the social media giant last week.

Binance DEX Gets First Stablecoin Trading Pair

Stably, a blockchain startup that creates fiat-backed stablecoins on multiple protocols, announced the launch of its U.S. dollar-backed stablecoin – USDSB – trading pair on Binance and Binance DEX.

The announcement marked the first stablecoin to launch on Binance DEX. According to a blog post from Stably, the Binance DEX listing enables “other Binance Chain projects to establish transparent, liquid, and stable on-chain trading pairs.”

While just one cryptocurrency – Binance Coin (BNB) – is paired against USDSB for the time being, Stably said that it is “planning to list USDSB with additional assets on Binance DEX very soon.”