Why ZEC’s Latest Rally May Depend Entirely on One Support Level
Zcash is holding above a critical level for now, but failure there could quickly flip market sentiment bearish.
Crypto Briefing·
The swift resolution of the ZEC bug highlights the importance of coordinated crisis management in maintaining cryptocurrency trust and stability. The post ZODL’s Josh Swihart praises security response to ZEC bug as a masterclass in crisis management appeared first on Crypto Briefing.
Read full articleZcash is holding above a critical level for now, but failure there could quickly flip market sentiment bearish.
Zcash (ZEC) is making a push to restore confidence in its privacy-focused network after a major exploit scare triggered a sharp market selloff. Following a more than 50% price crash in ZEC, developers moved quickly to patch the network vulnerability. They are now proposing a new system designed to help users independently verify the cryptocurrency’s […]
Zcash founder Zooko Wilcox says the proposed Ironwood upgrade will give users immediate, trustless verification that ZEC’s circulating supply is sound from the first block of activation. His comments address a central concern in the Zcash community following the disclosure of a recently remediated Orchard vulnerability: whether users can verify the supply without relying on […]
A security researcher used AI-assited auditing to uncover a major flaw in the Zcash protocol that could have allowed undetectable counterfeit ZEC inside the network's Orchard shielded pool.
Arthur Hayes published a macro thesis arguing Bitcoin cannot rally until the AI stock bubble deflates, citing $1.5 trillion in AI debt issuance that absorbed the liquidity Bitcoin needed. He exited HYPE, NEAR, WLD, and ZEC and rotated Maelstrom's equity book into US energy producers.
Zcash jumped 11.3% to $478, marking an approximate 80% recovery since its June 5 plunge. The rally pushed its market capitalization back above $8 billion and wiped out $11.5 million in short positions. The Orchard Vulnerability Privacy coin Zcash (ZEC) surged on Tuesday, jumping 11.3% to $478 as it maintained a steady recovery that began […]
The upcoming upgrade will mark the transition of ZEC from the Orchard to the Ironwood pool, allowing users running nodes to audit the total supply.
WLD and ZEC have risen the most over the past 24 hours, ADA has also tried to stage a comeback after the recent crash.