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Zcash (ZEC) surged by nearly 20% in the past 24 hours, helped by the euphoria surrounding its core protocol's decisive transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS).The ZEC price logged an intraday high at $188.80 on Binance after rising two days in a row by more than 27%. The cryptocurrency's
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Institutional asset manager Grayscale has announced it will be converting its GBTC Trust into an exchange-traded fund (ETF) once the United States Securities and Exchange Commission (SEC) has “comfort” with recently-approved Bitcoin futures ETFs.In a Monday Twitter thread, Grayscale communications director Jennifer Rosenthal said the asset manager would proceed with
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Zcash (ZEC) may be the next cryptocurrency to move from proof-of-work (PoW) to the proof-of-stake (PoS) consensus algorithm. The team says the benefits of PoS far outweigh that of PoW and a transition to the former would better support the project’s primary objective of providing economic and social freedom to
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Numerous exchanges, like Bittrex, have delisted coins that have features to protect user privacy.Explanations of why they’ve done so have been vague or non-existent.It has set up clashes between the exchanges and Zcash, Monero and Dash over whether there is actually regulatory pressure to do so. There is a question that
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While Bittrex gave no reason for the removals, exchanges around the world have been moving to delist coins that seek to hide the activity of their users. Source
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Four years after forking from Bitcoin, privacy-centric blockchain network Zcash has completed its first halving and rolled out a major upgrade that does away with the unpopular “Founders Reward.”At 12:37 UTC, Zcash passed block height 1,046,400 to trigger the event that cuts miners’ rewards from 6.25 ZEC to 3.125 ZEC.A
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ShapeShift, the Colorado-based cryptocurrency exchange that allows users to self-custody their assets, has delisted another privacy coin.Zcash has been removed from the trading platform in addition to monero and dash. Decrypt reported last Friday that XMR and DASH had been quietly removed; the delisting of ZEC was not noted.“We’ve taken
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Remember when crypto exchanges were strong-armed into delisting privacy coins like zcash (ZEC) in order to protect their brittle banking covenants?But crypto keeps moving, and today ZEC is making its debut within the bustling decentralized exchange (DEX) ecosystem in the form of wrapped zcash (WZEC). Announced Wednesday, WZEC is the
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Gemini said that adding shielded zcash withdrawals showed regulators could be made to be comfortable with privacy coins. Source
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