Zcash (ZEC) exploded roughly 30% weekly after Grayscale filed a request for a privacy-centered ETF that tracks companies from that sector, including privacy coins, AI, data security, and more. Grayscale approached the SEC this week with a proposal for a unique exchange-traded fund (ETF) focused on privacy and cybersecurity, the Grayscale Privacy ETF (PRVC), as revealed in the Form N-1A filing. Privacy-Related ETF? The filing specifies that companies must derive more than 50%...
Read More »Privacy Coins Targeted: Bittrex to Delist Monero, ZCash, and Dash
Just a few days after announcing the delisting of Ripple (XRP) following the SEC charges, Bittrex has added three more coins to the list of removals. Interestingly, they are all so-called security tokens – Monero (XMR), Dash (DASH), and ZCash (ZEC).The Seattle, Washington-based cryptocurrency exchange said in a statement earlier today that it will remove Monero, Dash, and ZCash from its global platform. The company will halt trading for these markets: BTC/XMR, ETH/XMR, USDT/XMR, BTC/ZEC,...
Read More »Can Zcash Halving Finally Revive Depressed ZEC Prices?
The maiden halving event will cut the Zcash inflation rate from 25% to 12.5%, which is significant because the privacy-focused altcoin has been hampered by high inflation since its inception in 2016. A series of halvings every four years beginning with today’s one in around six hours’ time which will decrease inflation substantially. Zcash block rewards will also be cut from 6.25 to 3.125 ZEC per block. Messari crypto noted that it will also undergo its fourth network...
Read More »Yearn Finance (YFI) Just Broke a Record Not Seen Since ZCASH Launch In 2016
DeFi tokens are leading crypto markets to their highest levels in terms of total market capitalization for over a year.One of the top-performing digital assets at the moment is YFI, as it surges over 70% on the day to reach an all-time high at $12,821. It has become the only cryptocurrency since 2016 to have ever flipped Bitcoin’s dollar value.YFI/USDT. Source: BinanceThe token is the basis of the Ethereum based DeFi yield aggregator Yearn.Finance, which allows users to earn interest and...
Read More »ZCASH Price Analysis: ZEC Surges 35% In a Week, Reaches New Monthly High
Zcash is technically looking bullish on a short-term across its trading pairs. It remains one of the biggest gainers following a 35% increase in the last seven days of trading. The increase in buying volume suggests more bullish momentum is underway. ZEC marked new monthly high after breaking out from a four-week ascending channel yesterday ZEC/USD: Zcash Pulling Back After Touching $49 Key Resistance Levels: $50, $55 Key Support Levels: $42.08, $36.16 ZEC/USD. Source: TradingViewThe latest...
Read More »Will 2020 Become The Year of Privacy Crypto Coins? So Far It Is
While most people consider every cryptocurrency transaction anonymous, that’s not the case. Bitcoin, for example, has all transactions recorded on a public ledger, which can be easily accessed. In theory and practice, it’s entirely possible to associate a Bitcoin address with an individual, especially if he has ever used a cryptocurrency exchange, which requires identity verification.However, the apparent need for a fully anonymous payment option ultimately led to the creation of such, called...
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