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Malicious Fraudulent Version of ZecWallet Found By Community

Some keen-eyed member of the Zcash community has found an unusual and potentially malicious counterfeit version of the Zcash Foundation’s native ZecWallet. According to a post published on Twitter posted at the end of last week, the fraudulent ZecWallet is more than likely to contain malware and it was even retweeted by the Zcash Electric Coin Company. “PSA to all Zcash users! There is a fake version of ZecWallet that likely contains malware (size and checksum is different) double check you are downloading from official @zecwallet” Along with this, there is an image with the post explaining what makes it...

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Wrapped Token Allowing Zcash to Join Ethereum DeFi Ecosystem 

Plans for developing a ZEC token that can function on the Ethereum blockchain are being made by the Zcash community. This would result in partaking in the network’s decentralised finance (DeFi) ecosystem.  The VP of marketing and business development at the Electronic Coin Company, Josh Swihart has said that the developers at Zcash are hoping to release a wrapped token within the next six months. The VP made the comments to CoinDesk at the Devcon developer conference which was held last week in Osaka, Japan.  Following the integration onto the DeFi platform, there is hope that the privacy-focused ZEC token...

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Why Zcash Was Dumped by Coinbase UK

Users of Coinbase in the UK continue to hear bad news. This one is specifically going out to the holders of Zcash. This rumour started to float around this week when the cryptocurrency was all of a sudden dropped by the US giant.  Coinbase and the UK Banking giant Barclays recently ended their relationship and now Coinbase is now banking with ClearBank who allegedly demanded that Zcash was to be delisted. The Editorial Director for the American Institute for Economic Research, Jeffrey Tucker commented on the split and suggested that it might portend more ‘headwinds’ for the US exchange than...

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Coinbase Drops ZCash, What Next?

Yesterday reports came out that suggest leading cryptocurrency exchange would be dropping support for the notorious privacy based cryptocurrency, ZCash. In order to understand why Coinbase have made this decision, we first of all need to understand what it is that makes ZCash more than just a cryptocurrency, it’s a privacy coin. You might assume that all cryptocurrencies are private because the blockchain is anonymous, however this isn’t correct, many blockchains like the Bitcoin blockchain are not truly anonymous, this is a problem that tokens like ZCash aim to address.  According to Decryptionary: “Privacy coin is defined as a cryptocurrency...

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Verbal Intervention from US Treasury Whacks CD Crypto Indices

The CryptoDaily 21 Leaders Cryptocurrency Index weakened to 40.18 on Monday from 40.49 on Sunday, a 0.76% decline. The 21 Leaders Index is off 21.90% over the past 7 days and is down 13.85% over the past 30 days.  Zcash (ZEC) led the decliners with a 4.7% depreciation to a market capitalisation of US$ 562.58 million as traders reacted to comments from US Treasury Secretary Mnuchin suggesting stronger compliance regulations are in store, a new setback for privacy coins. NEO (NEO) weakened 4.1% to a market capitalisation of US$ 870.56 million and Chainlink (LINK) dropped 4.0%. Cosmos (ATOM) led advancers...

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