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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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CD Large-Cap Index Weaker Despite Bitcoin’s Push to 13,000

The CryptoDaily 21 Leaders Cryptocurrency Index closed lower at 50.62 on Tuesday from 51.45 on Monday, a 1.61% decline. The 21 Leaders Index is up 0.77% over the past 7 days and is up 11.20% over the past 30 days.  Chainlink (LINK) declined 5.7% to a market capitalisation of US$ 1.09 billion as traders continue to await a possible announcement of a relationship with Microsoft. Zcash (ZEC) depreciated 5.1% while Bitcoin Gold (BTG) led the advancers with a +4.7% gain. The CryptoDaily Large-Cap Cryptocurrency Index slumped to 36.09 on Tuesday from 36.37 on Monday, a 0.77% fall. The Large-Cap Index...

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CD 21 Leaders Index Surges 6.5% as Bitcoin (BTC) Spikes to New 2019 High

The CryptoDaily 21 Leaders Cryptocurrency Index rocketed to a new 2019 high and reached 58.74 on Wednesday from 55.13 on Tuesday, a 6.54% ascent. The 21 Leaders Index is up 18.47% over the past 7 days and is up 33.16% over the past 30 days. NEM (XEM) led the gainers with a 12.1% climb to a market capitalisation of US$ 928.37 million. Bitcoin also contributed to gains with a 9.8% climb to a market capitalisation of US$ 230.24 billion. Monero (XMR) led the losers with a 7.4% decline. The CryptoDaily Large-Cap Cryptocurrency Index sharply jumped to 44.08 on Wednesday from...

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