Burniske: ‘I Have A Zcash Stash I’ll Never Sell, Just Like Bitcoin’
Placeholder co-founder Chris Burniske said in a Nov. 20 interview with Real Vision’s Raoul Pal that he holds a core Zcash position he “will never sell,” explicitly likening it to his long-term Bitcoin stash, even as he cautioned that ZEC’s current rally is not yet a proven structural breakout. Pal opened by questioning whether Zcash’s […]
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Just after Zcash launched, the anonymous new digital currency that has taken the crypto world by storm, a bug was found that apparently prevents private transactions from being mined. Zcash’s official website states: “There is one known bug, which causes private transactions (those in which all of the inputs and outputs are shielded addresses) to not get mined. We’re going to release v1.0.1 shortly to fix it.” The Zcash Mining Pool currently has a big red banner which states: “Because of a critical Zcash wallet bug we are unable to send any payments to z addresses at the moment. Please....
Bitcoin’s recent price gains have spread to other cryptocurrencies and altcoins, according to Charles Hayter, chief executive officer and founder of CryptoCompare, which provides data on cryptocurrencies, MarketWatch reported. Ark Invest and Ethereum have been among the winners. Chris Burniske, a blockchain analyst and product lead at ARK Invest, said bitcoin’s gains, driven by the fall of the Chinese yuan, are filtering into the broader market as bitcoin traders look to reinvest their profits. Cryptocurrency investors typically put profits in other cryptocurrencies rather than fiat....
Zcash’s sudden resurgence is not just another rotation, argues Helius CEO Mert Mumtaz; it is a re-centering of crypto on first principles of cryptography and user choice. In a wide-ranging conversation on Messari’s “Fully Diluted” (Oct. 23) with host Dylan Bane and Messari researchers, Mumtaz framed Zcash as “secret Bitcoin”—a full-stack, zero-leakage design for money […]
Public bitcoin mining firms have been caught between a rock and a hard place with the decline in bitcoin prices. As their cash flow had declined significantly, they had turned to sell BTC to be able to keep up with the costs of their operations. The massive stash of BTC that these public miners had stacked up during the incredible year of 2021 is now making its way to the market. But they are quickly running out of coins to sell. Bitcoin Miners Dump Coins Over the last three months, there have been reports of Bitcoin miners dumping thousands of BTC. The volume of BTC being sold was....
With 418,244 ZEC in circulation right now, the market cap of ZCash becomes all the more impressive. Ever since ZCash as launched, people have been paying close attention to its price. Although its value against Bitcoin has declined, one ZEC is still quite costly. In fact, one can say the price of ZCash is going up slowly but steadily. Despite a small dip in value over the past 24 hours, ZCash is setting new highs month after month. Quite an impressive trend on the charts, when looking at the bigger picture. The uptrend of ZCash cannot be denied. Everyone knew ZEC would get dumped hard as....