Zcash Surges, Cypherpunk Tech Acquires More

Cypherpunk Technologies, a publicly traded treasury firm, has made a significant investment in Zcash, a privacy-focused cryptocurrency, acquiring over two hundred thirty-three thousand coins. This move comes as Zcashs price surges thirty-one percent in a week, reaching an all-time high of seven hundred dollars per coin. The surge is attributed to growing concerns about Bitcoins increasing mainstream adoption and institutional interest, pushing crypto enthusiasts towards more private, untraceable digital currencies. Zcash, launched in 2016 with input from Edward Snowden, emphasizes privacy, allowing transactions to be shielded and difficult to trace, resonating with those seeking a return to the original cypherpunk principles.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.