Why Crypto Bled and Bounced
A 32 BTC sale, a Zcash scare, a hot jobs report, and a flush that wiped billions. Then Saylor bought the dip.
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Zcash pared steep losses after the privacy coin's backers introduced an upgrade aimed at restoring faith in the digital asset's supply.
Read full articleA 32 BTC sale, a Zcash scare, a hot jobs report, and a flush that wiped billions. Then Saylor bought the dip.
Zcash surged over 80% after developers patched an Orchard bug and proposed Ironwood to restore supply verification. The post Zcash rebounds 80% as developers propose Ironwood upgrade after Orchard bug appeared first on Crypto Briefing.
Zcash is a privacy-focused cryptocurrency that enables users to hide key details of transactions by leveraging zk-SNARKs.
Zcash's surge highlights growing institutional interest in privacy coins, signaling a shift in market perception and potential regulatory challenges. The post Zcash adds $1B to market cap in under 24 hours as privacy coins roar back appeared first on Crypto Briefing.
Zcash’s Orchard pool bug, undetected since 2022, sent ZEC crashing 52% to $303. The proposed Ironwood upgrade lets anyone verify ZEC’s 21 million coin supply cap. Analyst Yashu Gola warns of a rising wedge pattern, with $314 as the key support. Zcash (ZEC) suffered one of its worst weeks in recent memory last week. The […] The post Zcash developers propose ‘Ironwood’ upgrade, ZEC price rebounds, but there is a risk appeared first on CoinJournal.
Ironwood would close the old Orchard pool to new activity and route funds through a turnstile before they enter a new shielded pool.
Josh Swihart has detailed Zcash’s emergency response to a vulnerability that could have enabled unlimited counterfeit ZEC creation, as the token has recovered more than 41% from its post-disclosure low. According to Josh Swihart, founder of Zcash Open Development Lab…
Grayscale Chief Legal Officer Craig Salm has suggested that Zcash’s own shielded user base may be offering a more meaningful signal on exploit risk than external prediction markets. His comments came after Polymarket opened a market on whether Zcash’s Orchard pool vulnerability, publicized on June 4, is ultimately confirmed to have been exploited on mainnet. […]