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Shielded ZEC Withdrawals On Gemini Are Not Actually Private

Shielded ZEC withdrawals on Gemini turn out not to be private since regulators can still see them as we are reading more in our Zcash news today. Zcash is fully compliant with the anti-money laundering laws and all of the FATF recommendations which cause problems for the privacy of the coin. However, regulators can still see the “shielded ZEC withdrawals” you made. The research suggests that about 0.09% of ZEC transactions in any given month are shielded by Gemini announced that they will be adding the shielded ZEC withdrawal addresses in order to increase the privacy for the users. Even…

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ZECWallet Infrastructure Upgrade Will Happen From The Old Grant

The ZECWallet infrastructure upgrade will happen from the old grants as the platform is now currently accepting any kinds of grants. They are waiting for the formation of the Major Grant Review Committee to get some of the guidance in the process of the future grant strategy as we are reading more in the ZEC news. It’s important to clarify that the ZECWallet infrastructure will be funded from the previous Foundation grant. Since the previous grant was approved, the wallet launched their mobile apps and further improved their lite clients to a vast extent. This in turn improved the usage…

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ZEC On-Chain Statistics Show Rise In Transactions Per Day: Analysis

The ZEC on-chain statistics show that there’s a rise in transactions per day and active addresses in the past few weeks but with the integration of Sapling, the shielded addresses are getting utilized by less than 20% of the transactions as we are reading further in the Zcash news. ZEV is a privacy-based fork of the BTC protocol ranked 33rd on the market cap table. Its market cap stands at $598 million with $98 million traded in the past day. The ZEC spot price went down by 94% from the all-time high that was set in January. A quick comparison…

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ZCash’s ECC Reveals New Source Code For Blockchain Improvement

ZEC’s ECC, the Electric coin company behind the crypto project, has just made the new source code for the blockchain improvement public which is why we are reading more about it in the ZEC latest news. ZEC’s ECC opened its Halo 2 source code which is an update and more efficient version of the initial recursive proof composition that will eliminate the need for a trusted setup in Zcash:  “It may also advance a promising scalability solution for Zcash and other blockchains.” Initiating a personal network with Zcash, by making use of the Zero-knowledge Succing Non-interactive Argument of Knowledge or…

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ZEC Pulls Back Of 20% In Less Than A Month: Price Analysis

ZEC pulls back from the gains of 20% as one of the top 30 altcoins on the global market and is now trading above $80, breaching the year-long resistance above $100 and $102. In our Zcash ZEC news, we are taking a closer look at the price analysis. Zcash has a massive market cap of more than $800 million and dipped by more than 20% in three weeks while it is now below $100 because of the volatile market. ZEC seems to be not so volatile on the 2-day charts with huge support from the 50-day and 200-day MA. Zcash…

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Yearn Finance Second To Flip Bitcoin’s Dollar Value After Zcash In 2016

Yearn Finance is the second cryptocurrency to flip the Bitcoin dollar value after Zcash did back in 2016, as the token is surging today so let’s find out more in today’s altcoin news. The DeFi tokens are leading the crypto markets in their highest levels in terms of market capitalization and one of the best performing coins at the moment is YFI, surging by 70% on the day to reach an all-time high of $12,821. Yearn Finance is now the second cryptocurrency that has flipped bitcoin’s value since Zcash did back in 2016. The token allows users to earn interest…

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New Zcash Member Board Will Control ZEC’s $36 Million Treasury

A new Zcash member board will control the foundation’s $36 million treasury and will become the largest controller of funds that governs the activities and the development of the foundation as we are reading in the ZEC latest news. The Zcash Foundation will select five members in the new Zcash member board to oversee the $36 million treasury and the foundation said that the community interest in such a proposal grew over the past few months. The move came right when the community-based governance gained a foothold in the market. The foundation which is a public charity devoted to privacy…

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Zcash Halving Poses Questions: How To Remain Profitable?

The upcoming Zcash halving poses a new question for the traders which is how to remain profitable after it? This is among the biggest concerns for the traders when a halving occurs so let’s find out more in the latest ZEC news. The upcoming Zcash halving could help the asset reduce its annual inflation rate and make the coin profitable for the miners. Reward halving is quite common for different forms of cryptocurrencies and are known to impact the supply of the coin, difficulty, and price. For many cryptocurrencies, the halving mechanisms are embedded into the code so they can…

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ZEC Faces Strong Pullback After Hitting $95: Price Analysis

ZEC Faces strong pullback after it hit the $95 price point while still being the most popular privacy-oriented cryptocurrency. Zcash has marked a huge growth after the massive crash in March and since then, the coin has been on a steady uptrend despite its volatility so let’s find out more in the upcoming Zcash latest news. If we take a look at the price trend over the past 30 days, ZEC persisted an upside trend but after hitting the $100 price mark, it cooled down its pace. It is now trading around $93 after facing the sharp pullback from $95.…

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Zcash Grows While Still Outperforming Larger Altcoins: Price Analysis

Zcash grows again by 12% percent still outperforming larger coins including Bitcoin which is why analysts believe that the coin will keep on going up, surpassing strong resistances so let’s find out more in the Zcash latest news. There are a few other fundamental reasons for these predictions such as the upcoming block reward halving. Bitcoin recently hit the $12,000 per coin after which the price got rejected to a lower $11,000 region. For that short time, it seemed as the price will settle but then it started increasing again. However, while BTC struggled to go up again, another crypto…

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Zcash Pushes Higher, Becoming The Best Performing Asset In A Day

Zcash pushes higher by 12%, outperforming bitcoin on a daily basis as it became the best-performing asset in the past 24-hours as we are reading more in the upcoming Zcash ZEC news. Zcash pushes higher, outperforming both Ethereum’s and Bitcoin’s gains. According to the analyst, ZEC was among the worst performers in 2018 during the bear market but they expect it to rally even higher. The analyst cited both technical and fundamental reasons for the optimism as ZCash could soon press higher in the upcoming days. One trader noted that the ZCash recent price action brought it above the pivotal…

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ZCash Director Leaves, Opening Huge Opportunities For The Project

A Zcash director leaves the project and according to the analyst Qiao Wang, this is adding to the aspects that make Zcash an attractive investment. He says that both the product development progress and technical analysis are extremely bullish signs for the privacy-focused asset so let’s find out more in our ZEC news today. In terms of the technical analysis patterns, Mr. Wang believes that after the Zcash director leaves, the performance of the asset broke out of its three-year bearish decline, and according to the chart, Wang says that the breakout took place in 2020. Wang believes that the…

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ZCash Founders Partner With Gemini, Binance For New Crypto Program

The Zcash founders partner with Gemini and Binance for their new crypto education program as we reported previously in the Zcash latest news about the Crypto in Context program so let’s find out more. The Electric Coin Company, the Zcash founders partner with Gemini and Binance to work on the Crypto in Context platform, a new education program that is designed to help spread the word of crypto across the world. Crypto in Context is a new education initiative that is led by the makers of Zcash. As for many newcomers on the market, cryptocurrency can be incredibly unfamiliar and…

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Zcash’s Founders Unveil Crypto And Financial Educational Movement

Zcash’s founders finally unveiled new crypto and financial education movement named Crypto in Context program saying that the new program is a global effort with more events upcoming in the near future so let’s read more in the Zcash analysis today. The Electric Coin Company, Zcash’s founders unveil the crypto and financial educational movement, as the growth Vice President Josh Swihart confirmed: “It is a global effort. We’ve already supported pilots for Syrian refugees in Turkey, for Arabic speakers across Europe and the Middle East, and for students in Nigeria.” Source: Electric Coin Company official website The ECC announced the…

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Liquid Crypto Exchange Delists Zcash To Obtain License In Singapore

The Japanese Liquid crypto exchange will delist the popular privacy-oriented coin Zcash in order for the Singaporean regulators to like it and to give it a new license, as we are reading in the Zcash latest news. The Japanese Liquid crypto exchange is reportedly delisting Zcash (ZEC) in order to apply to a new license and to operate in Singapore. The Electric Coin Company which stands behind the Zcash cryptocurrency announced the news a while ago and elaborated that Zcash will be delisted with the other 28 tokens as well. Liquid is ranked at the sixth position among top-level exchanges…

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Zcash’s Privacy Features Back In Question After User Traced Transaction

Zcash’s privacy features came into question again as one Twitter user under the name Money Knowledge0 challenged the “friendly attackers” to trace his Zcash transactions that are deemed private. Let’s read more in the upcoming Zcash news. One simple ZEC transaction was traced in real-time this week which shows that the privacy model of this cryptocurrency failed but it also shows that some Zcash transactions are easy to be traced. However, Zcash’s privacy features were called into question because of the large-scale tracing efforts from Chainalysis and Carnegie. Challenge someone who talks down on Shielded Zcash. If people know so…

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ZCash Nears Double Top Level, Trades At $62.5: Price Analysis

Zcash nears double top level as it was trading at $62.58 at the time of writing and with a bullish candlestick, the coin is about to hit $64. ZEC is facing a strong resistance however at the $65 level and it was at the onset of the previous week once the altcoin went back to its 5-month high above $64, as we are reading more in the Zcash news. Zcash similarly to IOTA is seeing some uptrend movement right after the huge sell-off in March without the consolidation period. However, just when the altcoins started relaxing towards the end of…

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ZCash Overtook Monero As The Leading Privacy Coin: Weiss Ratings

Zcash overtook monero as the leading privacy coin according to a new report by Weiss Ratings that says XMR is losing its appeal. In our Monero latest news, we read more about the report. The users who value privacy are leading more towards Zcash as we are reporting today in our Zcash analysis. The altcoin went through the Heartwood upgrade that enables third-party integrations and better privacy and the altcoin also has a halving event scheduled for November this year. The team at Weiss ratings concluded that Monero is losing its appeal as the choice coin for privacy-centric crypto users…

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Zcash’s New Hard Fork Update “Heartwood” ensures privacy for mining

The latest hard fork update of Zcash known as Heartwood has been completed successfully which ensures the mining privacy. The new network update comes with new features apart from providing privacy to miners while receiving Coinbase transactions via a private address. According to the Electric Coin Company (ECC), Zcash’s hard fork Heartwood took place at block height 903,000 on July 16 at 10:58 UTC. Moreover, the hard fork has got support from two organizations Zcash Foundation and the Electric Coin Company (ECC) which is behind this project. Two Zcash Improvement Proposals involved in the update There are two major Zcash…

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