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    12 years ago today, history was made when Laszlo Hanzecz bought 2 pizzas with 10,000 bitcoins. First-ever item purchased with decentralized digital currency.

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    12 years ago today, history was made when Laszlo Hanzecz bought 2 pizzas with 10,000 bitcoins. First-ever item purchased with decentralized digital currency.

    Today May 22, 2022 crypto lovers are celebrating Bitcoin pizza day. Our 12th anniversary. Previously cryptos were not accepted as a payment method, but after a man from Florida bought a meal using Bitcoin, that was all people could talk about. On 22 May 2010, Laszlo Hanyecz, a programmer and BTC miner from Florida, used […]

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    Here’s Why Zcash Could Trend Upward, ZEC Prepares for Major Upgrade

    2020

    Here’s Why Zcash Could Trend Upward, ZEC Prepares for Major Upgrade

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    Zcash and privacy coins could be back in vogue. Two weeks they began moving upwards, following an oppositive sentiment in the market, and scored profits of around 11% for ZEC’s price, and 15% for Monero (XMR). Related Reading | Monero And Zcash Take Off With 15% Gains, Here’s What May Have Spurred The Rally ZEC’s price has returned to move back in tandem with the rest of the crypto market. At the time of writing, ZEC trades north of $160 with a 2.3% loss in the past 24 hours. This rally was driven by a potential demand for privacy coins, as the conflict between Russia and Ukraine potentially forced certain individuals to transfer their wealth into digital assets. Monero and Zcash could have benefited from this trend. In addition, the U.S. administration, led by President Joe Biden, passed an executive order (EO) on cryptocurrencies. Celebrated by a majority of the crypto industry, the EO also contemplates the possible implementation of a central bank digital currency (CBDC) supported by the U.S. Federal Reserve (FED). Still under exploration from U.S. entities, if the country decides to move forward with a CBDC, citizens could be subjected to more scrutiny, and the state could gain more control. Under this scenario, Zcash and Monero could become critical assets for privacy-seeking individuals. The ZEC’s price rally could gain fresh momentum, as the Zcash Foundation announced its biggest mainnet update since 2020. Dubbed Network Upgrade (NU5), Matt Markewicz, an analyst at crypto research firm Messari, broke down the details via his Twitter account. The analyst claims this update will improve Zcash’s privacy and scalability capabilities. This could provide a boost for ZEC’s fundamentals as the network advances towards the Halo 2 proving system, according to Markewicz. Zcash will remove trusted setups, and proof composition, said the analyst while adding the following on the implementation of the Halo system: Halo enables enhanced scalability and privacy by changing the underlying cryptographic primitives that power the system. End-users can easily verify large amounts of data by confirming a proof of proofs, like zero-knowledge inception. Zcash Moves To Upgrade Network, The Ace In The Hole Furthermore, said Markewicz, the network won’t require users to destroy data that could be used by bad actors. This is one of the steps to mint new ZEC, the analyst said. Along with the upgrade, the developers in charge of maintaining ZEC are expected to, Markewicz said, shift to a “more product-centric focus. Thus, they will create more tools and resources to ease development on this network and will improve the user experience. Perhaps the most bullish factor for Zcash and the price of ZEC it’s the potential migration to a Proof-of-Stake consensus and the implementation of components of the Cosmos infrastructure. The analyst speculates about the introduction of IBC, a protocol that allows communication between the different networks using it. Related Reading | Monero And Zcash Take Off With 15% Gains, Here’s What May Have Spurred The Rally This could mean the potential implementation of assets with Zcash’s privacy capabilities running on Terra, and other chains running on the Cosmos infrastructure. A new use case implies new users, and more adoption leading to possible new prices. There are even rumblings of migrating to Proof of Stake by implementing components of the Cosmos stack. IBC? Interchain shielded assets? The multichain design space is still largely unexplored, but an IBC-compatible Zcash running on PoS would open up a world of new use cases. — Matt Markewicz (@m_mark_0) March 18, 2022

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    Privacy preserving crypto protocol Railgun now supports Ren assets (renBTC & renZEC)

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    Privacy preserving crypto protocol Railgun now supports Ren assets (renBTC & renZEC)

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    Ren, a network for cross-chain exchange, announced that Railgun, a smart contract system providing privacy to crypto users via zero-knowledge proofs (zk-SNARKs), now supports renBTC and renZEC. Integration of Ren with Railgun allows users to take advantage of Railgun’s privacy attributes and combine it with interoperability. By using Railgun, user’s wallet addresses will be removed […]

    The post Privacy preserving crypto protocol Railgun now supports Ren assets (renBTC & renZEC) appeared first on CryptoNinjas.

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    Lamassu crypto ATMs now offer shielded Zcash (ZEC) functionality

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    Lamassu crypto ATMs now offer shielded Zcash (ZEC) functionality

    crypto basset hound

    CryptoNinjas » Lamassu crypto ATMs now offer shielded Zcash (ZEC) functionality

    Lamassu, a bitcoin/crypto ATM provider, announced it has taken advantage of Zcash’s privacy features by introducing the ability for Lamassu ATM customers to receive ZEC directly to wallets featuring shielded ‘Z-addresses’. Additionally, users can send funds from a shielded address to a Lamassu ATM to cash out using any supported wallet; thereby preventing data leakage […]

    CryptoNinjas » Lamassu crypto ATMs now offer shielded Zcash (ZEC) functionality

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    Breaking: Crypto Exchange Bittrex Delists Privacy Coins XMR, ZEC and DASH

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    Breaking: Crypto Exchange Bittrex Delists Privacy Coins XMR, ZEC and DASH

    U.S.-based exchange Bittrex today announced the delisting of 3 privacy coins namely Monero [XMR], Zcash [ZEC], and Dash [DASH] as of January 15th, 2021. Earlier South Korean exchanges were spotted to delist privacy coins citing the FATF’s regularity concerns. Bittrex Becomes First U.S. Exchange to Delist Privacy Coins In an official announcement, the Bittrex team

    The post Breaking: Crypto Exchange Bittrex Delists Privacy Coins XMR, ZEC and DASH appeared first on Coingape.

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    How Will Zcash (ZEC) Halving on November 18 Impact Prices?

    2020

    How Will Zcash (ZEC) Halving on November 18 Impact Prices?

    Privacy coin Zcash will be undergoing its first halving event in around a week’s time but does it really matter and what will happen to ZEC prices. On November 18, Zcash inflation rate will halve from 25% to 12.5% as the privacy-focused altcoin has its first halving event. The coin has been hampered by extremely

    The post How Will Zcash (ZEC) Halving on November 18 Impact Prices? appeared first on Coingape.

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    Zcash Sheds 14% Last Week, But Analysis Reveals Buying Opportunity

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    Zcash Sheds 14% Last Week, But Analysis Reveals Buying Opportunity

    crypto basset hound

    Zcash (ZEC) was treading a bearish route along with other altcoins, having shaved off as much as 14% in the past few days. Zcash loses 14% last week but opens up an increased buying opportunity Awesome Oscillators looks bullish ZEC’s RSI at 42 On-chain metrics have shown a glimpse of a buying opportunity with a hint of a downtrend. Now, will the bulls pull it off and haul the price back to $66? Zcash Fibonacci retracement levels have hovered up from $55 to $92.6, showing an 83.4% retracement level, which is close to the key support zone of $58. In June, the $55 to $58 zone emerged to be a bullish lane. Related Reading: Chiliz (CHZ) Could Be Set For A Hot Streak With This Data OBV Hints Increased Buying Volume More so, the OBV is also seen to rise since July hinting at a more stable buying volume which is recognizably stronger compared to the selling pressure. On the flip side, frequent retests of the support level seem to have weakened it. If the ZEC price dips below $58, then the coin could further slip to $55 and $52, triggering a new buying opportunity. Still, the momentum is geared towards the sellers with the RSI unable to offshoot the 50 zones and stay above that level. On a 2-hour chart, Zcash appears to have dampened its strength and has weakened as seen in the past couple of weeks. The $67.3 area was bearish as seen since August. More so, the same area has been retested twice. At this point, the AO reveals a bullish divergence. So, as the price thrusts into the support zone, the momentum is perceived to switch. ZEC’s price is currently heading above the consolidation period while enjoying the uptrend. ZEC’s Price Spikes By 1.86% According to CoinMarketCap, ZEC’s price has surged by 1.86% or trading at $58.25 as of press time. The total market capitalization slumped by 4.62%. More so, trading volume has dipped by 39. 53%, which shows that the buyers are trying to grow their ZEC holdings. On the daily price chart, ZEC is seen to spike in price as it hovers near the upper trendline. In order to breach the support line, bulls must consolidate at ZEC. On the other hand, bears can try to deter the coin’s uptick at any time with the constricted rate of accumulation. If the bulls want to go in full force and avoid any deterrence from the bears, then they must accumulate. Based on the daily chart, ZEC’s price is trying to maintain its momentum during the consolidation period. Technical indicators show the increased speed of ZEC’s upward trend. ZEC’s RSI is currently 42 which is below neutral. The MACD seems to intersect with the signal lines which could signify changes in trends. Related Reading: XRP Sluggish In Last 7 Days As Ripple Vs. SEC Case Drags On Crypto total market cap at $938 billion on the daily chart | Source: TradingView.com Featured image from Tino Group, Chart: TradingView.com (The analysis represents the author’s personal views and should not be construed as investment advice).

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    EU Agrees To An Agreement On Markets in Crypto Assets regulation (MICA); Details

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    EU Agrees To An Agreement On Markets in Crypto Assets regulation (MICA); Details

    Europe becomes the first continent to come to an agreement on crypto regulation as reported by Stefan Berger, a MICA parliamentarian. This groundbreaking decision comes in the wake of France passing the baton of the Presidency of the Council of the European Union to Czech Republic. First continent to agree on crypto regulatory policies MiCA

    The post EU Agrees To An Agreement On Markets in Crypto Assets regulation (MICA); Details appeared first on CoinGape.

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