Zcash

Zcash is a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions. ZEC transactions by default do not reveal the sending and receiving addresses or the amount being sent. There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance. Zcash was first released on October 28, 2016, and it was originally based on Bitcoin’s codebase.

Zcash, formerly "Zerocoin," was created in 2013 by a group of scientists from Johns Hopkins University. The team recruited additional scientists from leading academic institutions including MIT and Tel Aviv University to build the standalone Zcash protocol. Zcash was first mined in October 2016.


Zcash is a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions.

ZEC transactions by default do not reveal the sending and receiving addresses or the amount being sent. There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance.

Zcash has a fixed supply of 21 million ZEC and undergoes block halvings every four years.

Zcash distributes a portion of its block rewards to development funding. 20% of Zcash issuance is allocated to the Electric Coin Company, the Zcash Foundation, and independent third-party developers, while 80% is rewarded to miners. 

Crypto auditors and accounting standard setters have long way to go in order to catch up to AI/crypto innovators

How The Zcash Crisis Highlights An Auditing Blindspot

Bitcoin

Hyperliquid

A wallet tied to former Bitforex chief Garrett Jin has sold its entire 184,102 HYPE stake, worth about $13.55 million, for a $2.83 million profit, then rotated into a long position on Uniswap's UNI.

Trader Garrett Jin Dumps $13.5M in HYPE, Holds $83M BTC and $25M ZEC Longs

Dash

The Philippines' central bank has tightened crypto oversight with new rules governing how exchanges assess and monitor digital assets.

Philippines Issues Stricter Crypto Listing Rules, Bans Privacy Coins

Zcash's price jumped 17% in under 10 hours—moving from $426 to nearly $500—adding over $1 billion to its market capitalization and triggering more than $13 million in short liquidations.

ZEC Surges 17% After Emergency Fork Seals Flaw and Triggers $13M Short Squeeze

Zcash founder Zooko Wilcox-O'Hearn publicly thanked Anthropic this week, confirming the artificial intelligence (AI) company ran a full security audit of the Zcash protocol using its restricted frontier model, Mythos, and found no additional critical vulnerabilities.

Anthropic's Secret AI Model Mythos Audits Entire Zcash Protocol, Finds No New Bugs

Crypto markets are under pressure ahead of key U.S. inflation data due later Wednesday.

Zcash, Hyperliquid tokens lead losses as traders bet against a bitcoin bounce

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.

Zcash Climbs 80% Since June 5 as Traders Shrug off Orchard Bug Fears

The Ironwood upgrade would introduce a new shielded pool and ensure the circulating ZEC supply remains bounded.

Zcash finalizes Ironwood upgrade plan, targets July activation

Zcash pared steep losses after the privacy coin's backers introduced an upgrade aimed at restoring faith in the digital asset's supply.

'Extremely Bullish': Zcash Rebounds By $2.5 Billion Amid Planned Fix for Supply Conundrum

Zcash (CRYPTO: ZEC) has bounced 45% from last week's $300 low to $437 after developers proposed an upgrade to fix the counterfeiting bug, while XRP (CRYPTO: XRP) attempts a fragile recovery after falling nearly 19% last week. Ironwood Proposal Would Let Anyone Verify Zcash Supply Is Clean Developers from Shielded Labs, the Zcash Foundation, and the Zcash Open Development Lab proposed creating a new privacy pool using repaired code.

Zcash, XRP Both Dumped Last Week, But Only One Is Up 45% From The Lows

The plan would let anyone verify that no counterfeit coins are circulating, addressing the patched bug that triggered last week's crash. ZEC is still down about 22% on the week.

Zcash bounces 45% as developers propose new Ironwood upgrade

Josh Swihart, founder of ZODL, provided details on how the Zcash team resolved a critical vulnerability in the Orchard shielded pool.

ZEC rebounds 42% as ZODL founder details two-step emergency upgrade

Frontier AI models have evolved into bug-finding tools, uncovering vulnerabilities across the tech world—and now in crypto too.

AI Is Helping Discover Tech Vulnerabilities—And Zcash Is Just the Latest Example

Worldcoin 

NEAR Protocol

Onchain investigator ZachXBT accused BitMEX co-founder Arthur Hayes of turning his own audience into “exit liquidity,” saying Hayes most recently promoted Worldcoin token (WLD) and then sold it shortly afterward, capping a roughly 15-day stretch in which he exited four publicly hyped positions.

Zcash to Worldcoin: ZachXBT Says Arthur Hayes Turned 4 Token Calls Into ‘Exit Liquidity'

Two of the crypto market's hottest recent rallies have fully unwound, with Near Protocol's NEAR and the Worldcoin token WLD round-tripping to their pre-rally levels, even as Zcash's ZEC rebounded roughly 18% in 24 hours following a near-50% crash.

Hype-Driven Rallies Unwind: NEAR and WLD Round-Trip as Zcash Rebounds 18% From Its 50% Drop

Taylor Hornby, who uncovered the Orchard flaw that sent Zcash down 38%, says other privacy coins are on his list too.

Researcher who found Zcash's bug with AI adds Monero to his audit queue

Fallout from a bug that enabled undetectable Zcash counterfeiting shows that privacy can sometimes present tradeoffs, experts say.

Zcash Bug Crisis Shows Privacy Cuts Both Ways, Experts Say

The price of Zcash cratered following the disclosure of a serious vulnerability for the privacy coin. Can ZEC make a comeback anytime soon?

Zcash Crash Just Wiped Billions From the Privacy Coin's Market Cap—Can ZEC Recover?

Shares of Cypherpunk Technologies plunged more than 40% following the disclosure of a critical bug that was recently patched in Zcash.

‘Please stop the FUD': Zcash treasury company Cypherpunk remains committed to accumulating 5% of ZEC supply

Bitcoin has now fallen more than 50% from its October peak, dipping below $60,000 as the crypto industry reckons with the Zcash vulnerability.

Bitcoin Dives Below $60K Following Strong Jobs Data, Zcash Crash Shaking Crypto Confidence

Cypherpunk Technologies shares tumbled to their lowest point since March as jitters tied to a Zcash bug knocked the Winklevoss-backed firm.

Winklevoss-Backed Zcash Treasury Plunges Nearly 40% on ZEC Privacy Bug Concerns

Liquidations were small relative to the size of the decline, pointing to spot selling rather than a leverage cascade, while open interest in ZEC futures climbed to a record high in token terms as traders crowded into the slide from the short side.

Bearish zcash bets hit record high as privacy token's price crashes

The ZCash team hired a hacker to find an exploit in the ZCash protocol, and he exposed a glitch that has been out there for four years.

Morning Minute: Massive ZCash Exploit Found by Claude, Extent Unknown

Zcash plummetted 40% as Shielded Labs revealed a major bug that went undetected for four years

Live updates: bitcoin below $62,000 ahead of jobs data as Zcash bug rocks crypto

Hayes said he would reconsider his stance if his assumptions that an exploit is still possible prove to be incorrect.

News for Zcash Crypto (ZEC)