Gemini crypto exchange adds shielded withdrawals for privacy coin Zcash
“Regulators can get comfortable with privacy-enabling cryptos,” Gemini says. Gemini, a cryptocurrency exchange founded by the Winklevoss twins, aims to improve user privacy with a major privacy token, Zcash (ZEC).Starting Sept. 29, Gemini will support shielded withdrawals of ZEC, which allows users to hide their transaction data.Gemini representatives said that the new feature is the “first time shielded ZEC withdrawals are available on a regulated exchange.” The new option comes in line with Gemini’s mission to strengthen financial privacy and “empower the individual through crypto,”....
Related News
Gemini said adding shielded zcash withdrawals showed regulators could be made to be comfortable with privacy coins.
Per a Forbes exclusive, activist Edward Snowden revealed his participation in a ceremony that led to the creation of the privacy coin Zcash. Developed by the Electric Coin Company (ECC), the privacy coin was deployed in 2016 in a secret ceremony with the aid of 6 individuals. Related Reading | New York Prosecutors Present Clear Legal […]
Zcash (ZEC), the new digital currency lauded for its privacy features, is launching today amidst some massive hype. But until enough tokens become available on exchanges, Zcash enthusiasts are poised to acquire their ZEC first-hand by mining for it, either by setting up a home rig or by signing up for a cloud mining contract. Created from a fork of Bitcoin's codebase, Zcash promises all the best features and stability of Bitcoin with the added bonus of total payment confidentiality. Zcash transactions can be shielded to hide the sender, recipient and value of all transactions on the....
Zcash, Kusama and Hedget are a few of the projects seeing their token values increase due to the unique set of issues they address. The sharp correction in Bitcoin (BTC) may have shaken out many leveraged traders, but the data shows whales and institutions aggressively purchased the dip and now bulls have shown they are determined to push Bitcoin price back above $40,000. The total crypto market capitalization has also recovered and surged back above $1 trillion. Crypto market data daily view. Source: Coin360Pantera Capital founder and CEO Dan Morehead said he stands by his earlier....
Zcash has been giving investors some relatively mixed signals, making crypto-enthusiasts a little unsure of where they stand. Following the digital currency’s recent launch, trading on Poloniex shot to explosive records, and the price of Zcash reached approximately $2 million per coin, an incredible improvement over the mere $1,000 investors were paying near the beginning. Matthew Green, an assistant professor at Johns Hopkins University who began working on Zcash three years ago, explained some of the motivation behind the cryptocurrency’s birth: “The basic story is that we have been....